A credit score is a three-digit number ranging from 300 to 850 that provides lenders with an indication of creditworthiness. While there is no one ideal credit score, a score of 640 or higher is generally considered to be good or excellent. Having a good credit score can open up many opportunities to you, including … Read more
If your lender allows biweekly payments and applies the extra payments directly to your principal, you can simply send half your mortgage payment every two weeks. Oct 17, 2022 Buying a home can be a daunting and overwhelming experience. But when it comes to the payment, the burden can be even more intense. Many people … Read more
Subsidized Loans are loans for undergraduate students with financial need, as determined by your cost of attendance minus expected family contribution and other financial aid (such as grants or scholarships). Subsidized Loans do not accrue interest while you are in school at least half-time or during deferment periods. Jul 7, 2022 It can be difficult … Read more
When it comes to borrowing money, loan points are a critical factor to consider. Loan points are fees charged by lenders that are added to the total loan amount. Generally, the more loan points you pay, the lower your interest rate. While loan points are not always required, it is important to understand which type … Read more
Very few lenders will issue an auto loan for a salvage title car. In a traditional auto loan, the lender uses the car as collateral — meaning they can repossess and sell the car if you don’t make payments. Because a salvage title vehicle isn’t worth much and is difficult to sell, it’s riskier for … Read more
When it comes to the complex process of removing a name from a mortgage, it is important to understand the process and the steps necessary to complete it. Writing a letter to the lender is an important step in this process, as it lets the lender know your intentions and allows them to review the … Read more
For those considering taking out a personal loan, researching and comparing different loan options is a great way to ensure you’re making the best decision. One of the many loan options available on the market is Blue Sky Financial’s personal loan. With a variety of features and benefits, Blue Sky Financial may be an ideal … Read more
Rocket Mortgage customers can take advantage of the convenience and speed of applying for a mortgage online. The online application process empowers customers to quickly select their loan type, view loan terms, and even upload documents directly to the website. Additionally, customers can save time by using the automated loan tracking tool to stay informed … Read more
Purchasing a vehicle is one of the most significant and expensive purchases consumers make, yet many do not have all of the information they need when making their purchase decisions. One factor that can affect the total cost and long-term value of a vehicle is its title status. Salvage titles, while they can be found … Read more
If the business could not survive, much of the loan would be easily discharged. Fundamentally, if a business owner can prove that loan money was used for the business, that portion of the money is forgivable upon repayment. This applies to any amount of the loan, even if there is money left over. Aug 5, … Read more