Purchasing your first home can be scary. For years, you’ve been told that homeownership is essential for financial success, but when it comes time to make the purchase, it can be easy to hesitate. Renting might seem like a...
There are a lot of decisions to make when it comes to buying a home. One of the most important is deciding between a fixed-rate and an adjustable-rate mortgage. While adjustable-rate loans have their benefits, you’ll find that fixed-rate loans...
Mortgage insurance can be expensive, and many people try to bypass this financial burden by bringing a large down payment. However, this creates new complication and can actually increase your interest rates. If you are making a large purchase and...
A 20% downpayment can be difficult for many people. But there is an option available for some borrowers: the piggyback loan. How Piggyback Loans Can Be Your Solution to a Downpayment What is a Piggyback Loan? A piggyback loan is a...
Education is vastly important. But student-loan debt, which is estimated at about 1.3 trillion dollars, represents a serious burden to individuals, as well as the national economy. The real-estate market is considered one of the pillars of American prosperity, and...
If you served in the United States military, you deserve to access all the benefits you have earned, including affordable VA loans. But securing a VA loan can become complex. As you may have already learned, there is a lot...
It’s a problem that many new retirees experience. You just celebrated one of the most important accomplishments of your life, you have great credit, and excellent assets; you should be a top-notch candidate for a mortgage loan. But because...
According to data from the Pew Research Center, 37% of American adults ages 18 to 29 have student loan debt. Even between the ages of 30 and 44, almost a quarter of the country has student loans. For all...
When someone can’t qualify for a loan, they often consider using a cosigner. Whether it’s a mother, father, sibling, or helpful friend, a cosigner can help potential borrowers secure the loan they need for a vehicle or for a...
When saving for a down payment, you might assume that you can simply use any money in your account. From life savings to inherited money to personal gifts, it’s all available for use...right? Not exactly. Using gift funds as a...