Mortgage interest rates can have a significant impact on how much of a home you can afford. A simple range of one or two points could mean the difference between tens of thousands of dollars over the life of a loan. Some home buyers may want to wait until mortgage interest rates get lower to purchase a home – but there are really only a few factors that impact these rates: Read More»
Buying a home almost seems like a necessity, but it’s not worth investing if you aren’t actually ready. Here’s how you can decide whether or not you are ready to buy a house: You Have Savings: If you have been saving for a house and it’s enough to cover the initial costs of the investment, then you’re probably ready to buy a house. Just know what the costs are going to be. Read More»
If you are buying a new or used car but you have bad credit, you can get stumped when trying to get auto financing. Many companies will simply decline you if you have too many open credit accounts, a high debt-to-income ratio, or if you have derogatory accounts that you haven’t been paying up on. You can still get financing a few ways so you can get into the car you desire. Read More»
If you’re thinking about buying a car, you need to start preparing your credit as soon as possible. Getting the best rates on your car loan means having a good credit score and a credit report that shows consistency and reliability. If this will be your first time applying for a car loan, here are a few tips that you can use now to get your credit ready for the application process. Read More»
It doesn’t necessarily matter if you have stellar credit and earn a high salary. If you’re going through a divorce, it may be a bit tougher—although not impossible—to qualify for a mortgage loan. Like any borrower, a lender will consider your ability to pay the monthly mortgage payment. Therefore, until you have a divorce agreement clearly outlining your financial responsibilities and the division of your marital assets, you may have to look for other ways to qualify for a mortgage loan. Read More»