Fixing your credit is a process, but with the right steps, it can be done. Here’s how to get started: Obtain your credit report: Request a free credit report from each of the three major credit bureaus (Equifax, Experian, and TransUnion) to ensure accuracy and...
Can you afford it? The first thing you need to consider is your liabilities. Keep in mind if you’re in the process of getting a divorce, it can be easy to get behind on any or all bills, which can impact your credit as well. So, it’s essential to keep your financial...
Conventional loans are the closest you can get to a standard mortgage. There are no special eligibility requirements, pretty much all lenders offer them, and you can qualify with just 3%-5% down as well. Thanks to their low rates and wide availability, conventional...
Understanding credit scores, interpreting your credit report and the impacts of credit history, length in the bureau, revolving accounts, installment accounts, and other variables can be extremely overwhelming to most borrowers. Not to mention, trying to understand...
So, you’re buying your first home and your lender tells you that you have to pay PMI insurance with your new mortgage. Your first question is: what exactly is PMI anyway? Private Mortgage Insurance, or PMI, is a type of mortgage insurance you might be required...
Trying to rebuild your credit can be time-consuming and frustrating. Even more so if you don’t understand the details of your credit report and/or want to buy your dream home. Having good credit or bad credit affects your financial life significantly. The better your...
