The answer is yes, it is possible to get a mortgage with credit card debt — though you may face additional hurdles. Understanding how credit card debt affects the mortgage approval process can help you better prepare for your homebuying journey. Key takeaways How Much Credit Card Debt is Too Much for a Mortgage Loan? … Read more
Hey there, mate! If you’ve ever wondered, “Which South African banks use Experian?” then you’ve stumbled on the right spot. I’m here to spill the beans on this topic, and trust me, it’s more important than you might reckon. Your credit score, your loans, and even that sneaky debt you’ve been dodging—it’s all tied to … Read more
âPre-qualificationâ and âpre-approvalâ are terms that can apply to credit cards and various types of loans, including mortgages and car loans. The specific differences between the terms may vary depending on the lender and the type of loan. But for credit cards, both terms typically mean that an initial lender review suggests youâre likely to … Read more
Hey there, folks! If you’re scratching your head wondering, “Does the mortgage have to match the deed?” then you’ve landed in the right spot. I’m here to break it down for ya, plain and simple. At Moshes Law, we get this question a ton, and trust me, it’s a biggie for anyone buying a home … Read more
If youâre worried that pulling your credit will lower your credit scores, donât be. Checking your credit is a soft inquiry, which means it wonât cause your scores to drop. And actually, checking your credit reports and credit scores regularly can be a good idea. If you monitor your credit, you could catch errors on … Read more
When it comes to credit limit increases, your credit scores could be affected in a few ways. But it depends on how the increase happens and how an expanded credit limit is used. Hereâs some information to help you learn more about how increasing your credit limit could affect your credit scores. Getting offered a … Read more
MarketWatch Guides may receive compensation from companies that appear on this page. The compensation may impact how, where and in what order products appear, but it does not influence the recommendations the editorial team provides. Not all companies, products, or offers were reviewed. Find your best auto loan rate We at the MarketWatch Guides Team … Read more
A personal loan comes as a lump sum of money that you can use for almost anything. Your payments will be the same each month, and you might still qualify with less-than-perfect credit. Still, personal loans aren’t always the cheapest way to borrow and they don’t make sense for ongoing expenses. Knowing the pros and … Read more
A balloon payment on a mortgage is a large, one-time payment that is due at the end of the loan term. Mortgages with balloon payments are also referred to as balloon mortgages or balloon loans. This type of mortgage usually has a shorter term than a conventional mortgage, with lower monthly payments. However, the borrower … Read more
Credit reporting companies may charge you a fee for your credit scores, but you may be able to get a free score from your credit card issuer, another lender, or from a non-profit credit or housing counselor. You actually have more than one credit score. Credit scores are calculated based on the information in your … Read more