Your credit score is one of the most important factors that determines your financial health and access to credit With credit scores playing such a vital role, it’s crucial to understand what scoring models different lenders use when evaluating your creditworthiness This is especially true when applying for credit cards, as issuers rely heavily on … Read more
Buying a house is an exciting milestone in life. However your credit score plays a crucial role in determining if you can get approved for a mortgage. So what are your chances of buying a home if your credit score is 545? Yes, you might be able to buy a house with a credit score … Read more
The paperwork that comes with closing on a house can be so much that it makes your head spin. You should know exactly what you’re signing at closing, whether you’re buying or selling, so you don’t get any nasty surprises that cost a lot of money. In this guide, you’ll learn about the important closing … Read more
Getting a mortgage can be complicated, with many factors determining your eligibility and loan terms One key element lenders evaluate is your credit score – but what’s the minimum you need to qualify for a Freddie Mac loan? This guide will explain Freddie Mac’s credit score requirements and help you understand how your score impacts … Read more
This is a common question that arises when a parent passes away with outstanding debts. The short answer is – it depends. There are several factors that determine whether a son inherits and is liable for his deceased father’s debt. Let’s take a closer look. What the Islamic Perspective Says According to Islamic law, a … Read more
Making biweekly mortgage payments instead of monthly payments is a strategy some homeowners use to pay off their mortgages faster and reduce interest costs. While biweekly payments can help you become mortgage-free sooner, there are some potential downsides to consider before committing to this repayment structure. What Are Biweekly Mortgage Payments? When you pay your … Read more
Buying a home is an exciting milestone, but the mortgage process can feel daunting. One key stage is the final checks lenders complete before releasing funds at completion. These last-minute verifications ensure your finances remain stable Knowing what these last checks entails helps you get ready and avoids stressful surprises. This guide tells you about … Read more
Deciding whether to pay off your car or house first is a common financial dilemma With limited funds, it can be tough to determine which debt to tackle first to maximize savings There are good arguments on both sides Let’s dive into the pros and cons of paying off your auto loan versus mortgage early … Read more
When shopping for a new car, you may notice the dealership running your credit multiple times. This can seem alarming, but it’s actually a standard industry practice. Here’s an explanation of why dealerships check your credit repeatedly and what it means for you. Why Do Dealerships Run Credit Checks Multiple Times? A dealership will check … Read more
In the early 2010s, peer-to-peer lending platforms like LendingClub became very popular because they made it easy for investors to fund loans and earn good returns. However, LendingClub has had some problems over the years, which has made many people wonder if it is really a legitimate company. In this article, we’ll take an in-depth … Read more