If you have only one bank account, you may be wondering if it’s worth opening another one. On the other hand, if you already have multiple bank accounts, you’re probably reading this because you want to know if it’s advisable to lessen the number of your accounts to simplify your finances. Is there an ideal …
If you’re struggling to pay back your loan because of your current financial circumstances, you may apply for a loan modification from your lender. A loan modification involves changing the terms of your existing loan to make its payment more manageable. It’s one of the options to avoid foreclosure including filing for bankruptcy. As long …
Can the Bank Foreclose During a Loan Modification? Read More »
At one point in time, most of us suffered financially. It can be because of sickness, which often is. This Is quite hard for anyone, even more so if you don’t have an emergency fund and are just struggling to make ends meet. In this time of the pandemic, everyone is experiencing hardship, there’s nothing …
Getting under a mountain of debt is not something you’d want to experience. Unfortunately, some life circumstances could lead to that. When your debt is in the hands of the collectors, getting the calls asking you to pay what you owe can be dreadful and stressful. Should I answer debt collector calls? It may have …
When buying a home, you hear about pre-qualification and pre-approval processes. These are part of getting a mortgage loan. However, there’s one more process worth knowing about, which can increase the chances of your offer being accepted by the seller. It’s the conditional loan approval. What is a conditional loan approval, you ask? Let’s delve …
Student loans are a reality for many Americans. Over 43.2 million student borrowers have an average debt of over $39,351 each. If you currently have a federal student loan or you’re planning to take one, you’ll have to work with a student loan servicer. A student loan servicer is a private company used by the …
Which Student Loan Servicer is Best? 2021 Update Read More »
Financial hardships may come at some point, and sometimes your only way out is through bankruptcy. Can you file it without your spouse? Yes, you can file bankruptcy without your spouse if you’re struggling financially and you need debt relief. However, you need to remember that the filing may also have an impact on your …
Loan modification and refinancing are two options if you’re looking to lower your monthly loan payments. Both help reduce your payments but they differ in terms of their requirements and their effect on your credit report. A loan refinance allows you to retire your current loan and secure a new loan that comes with more …
Yes, a VA home loan can be transferred to another borrower, regardless if he’s a veteran or not. This process is referred to as VA loan assumption. However, the assuming borrower must meet certain requirements and must be financially eligible to take over the VA home loan. Loans that were closed before March 1988 can …
Can A VA Home Loan Be Transferred To Another Person? Read More »
Credit is an important element in financing. When you need money, you rely on credit. When you’re buying property, you rely on credit. However, credit is something you can’t build overnight. You can’t have an outstanding credit status in just a month. So, how do you build your credit score? Some say, “Go to the …
