Are you interested in buying a boat but concerned about the financial implications? Many people are hesitant to purchase a boat due to the large cost of the vessel and the potential negative impacts on their credit score. Thankfully, there are boat loan options available that don’t require a credit check and have a pre-approval … Read more
As the housing market continues to expand, the Federal Housing Finance Agency (FHFA) is constantly making changes to keep up with the demand. In this blog, we will explore the current conventional 97 loan requirements for 2022 and how they affect potential borrowers. Conventional 97 loans are a popular form of mortgage financing offered to … Read more
Having bad credit can be a major obstacle when trying to purchase a home. With the rise of manufactured homes, many people are now searching for manufactured home loans for bad credit. These loans offer an alternative option to those who may not be able to qualify for a traditional mortgage due to a low … Read more
In most cases, no, however, there are a few exceptions to the rule. You can get a tax deductible interest on personal loans if you use the loan proceeds for business expenses, qualified education expenses, or eligible taxable investments. Personal loans can be incredibly useful financial tools in times of need. Whether you are seeking … Read more
When you’re getting ready to apply for a mortgage, understanding the credit bureau that mortgage lenders use is an important step in the process. Knowing which bureau your lender will access when evaluating your credit is important in order to make sure you are making all of the necessary preparations. In this blog post, we … Read more
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