VA loan is a flexible, no down payment required mortgage option that is offered to veterans, active service members, and surviving spouses who wish to buy a house as their primary residence or refinance an existing loan. It’s issued by private lending companies and backed by the US Department of Veterans Affairs (VA). Since its …
Even if you receive a mortgage pre-approval, your loan can still be denied for various reasons, such as a change in your financial situation. How often does an underwriter deny a loan? According to a report, about 8% of home loan applications get denied, depending on the location. If you don’t want to be part …
The course of business and personal spending gets difficult when you do not have a good credit rating. People’s requests for a loan or credit card are often turned down because of poor credit scores. If you have also been in that embarrassing situation, you must have tried to figure out ways to get your …
Where To Look For The Best Credit Repair Services Online Read More »
Did a collection agency contact you about a previous debt that you’re not familiar with or you’ve already paid off? Is the collector insisting the debt is yours and demanding that you pay it immediately? Don’t give in! Before you entertain their claims or make any payment arrangements, you need to make sure that the …
How to Write A Debt Verification Letter to a Collection Agency Read More »
Can I rent my house with a conventional loan? Yes, you can. But before you put up the “For Rent” sign, you need to make sure it’s allowed on your mortgage. When you take out a mortgage, the lender needs to know how you plan to use the property. You have to be honest and …
If you’re struggling to pay back your car loan, you need to lower your monthly payment, or you’re looking for a lower interest rate, refinancing may be an option. For those with good credit, refinancing a vehicle loan may help you get better terms, which would most likely save you money. Does that mean you …
How To Refinance Your Auto Loan When You Have Bad Credit Read More »
Taxes have a way of sneaking up on us. And sometimes, we end up in a situation where we owe the IRS a lot of money in taxes. Thankfully, if you’re in over your head in debt, a chapter 7 bankruptcy will clear tax debt if the taxes meet certain requirements. Which Tax Debts Qualify …
When accessing financing options, a secured loan will always appear at the top of the list. Creditors like banks and other financial institutions prefer secured loans over unsecured loans as there is less risk in this type of lending. However, even though it’s the most preferred type of loan for creditors, secured loans can still …
How Does a Secured Loan Affect Your Credit Score? Read More »
Navigating through today’s society depends on your credit score. The convenience of getting loans, mortgages, and conducting financial transactions with most companies depends on how good or bad your credit score is. If it is good, you get reasonable prices for products and services, favorable loan offers and interest rates, and fast approval of loan …
When you are in debt, paying it off seems like an insurmountable task. There are many people who are in debt today who don’t know if they will ever pay it back. If you take the time to evaluate the debt you have, you will definitely find ways that you can utilize to pay off …
