A hybrid mortgage combines features of a fixed-rate mortgage and an adjustable-rate mortgage (ARM). Hybrid mortgages have a fixed interest rate for a specific period of time; after that, the rate adjusts periodically for the remaining loan term. For example, you may have a fixed interest rate for the first 10 years, and then an … Read more
The allure of the shiny metal card is hard to beat — and so is 5x points on airline purchases when you’re a frequent flyer. But recent changes and experiences made the AmEx Platinum $695 annual fee hard to justify, especially when there are less expensive and more convenient cards out there. If you’re on … Read more
A 697 credit score is considered a “good” credit score, which means you shouldn’t have trouble qualifying for new credit, like a consumer loan or credit card. However, a 697 score falls below the top two FICO® credit tiers — “very good” and “exceptional” — so you likely won’t qualify for a lender’s best interest … Read more
When negotiating with a debt collector, you should confirm whether you owe the debt, calculate a realistic payment plan, and make a repayment proposal to the debt collector. Debt can feel like a heavy burden, especially when you owe more than you can realistically afford to pay back. Fortunately you have options beyond just paying … Read more
Getting approved for an exclusive platinum credit card can seem intimidating. With luxury perks airport lounge access and high annual fees, these premium cards are on the wishlist of many. But do you actually qualify for one? In this comprehensive guide, I’ll walk you through everything you need to know about getting a platinum credit … Read more
Lowe’s, one of the leading home improvement retailers in the United States, recognizes the value of providing customers with accessible financing options to boost purchases and build loyalty. With Lowe’s credit cards that provide a smart and efficient method for purchasing, shoppers can seamlessly finance a wide range of products and services related to home … Read more
Paying your monthly mortgage is likely one of your largest recurring expenses. Having a convenient and secure payment method is important for staying on top of this financial commitment. As digital payment methods become more mainstream homeowners may wonder – can I pay my mortgage with a debit card? In this comprehensive guide, we’ll explore … Read more
If you frequently shop on Amazon, getting an Amazon credit card can help you earn rewards on your purchases. One popular option is the Amazon Prime Rewards Visa Signature Card from Chase This card offers 5% back on Amazon and Whole Foods purchases, making it a great choice for avid Amazon shoppers But what credit … Read more
It is a negotiation with your mortgage lender to create a new agreement that modifies the original terms of your mortgage. If you have a long-term inability to pay your mortgage, a loan modification could be an option if you wish to keep your home. A loan modification typically involves contacting the servicer for the … Read more
Certain âcash-likeâ credit card transactions are considered cash advances and trigger higher interest plus a cash advance fee. Examples include depositing convenience checks, purchasing money orders, using your credit card for overdraft protection and sending money through certain payment apps. Many credit card issuers allow you to use your credit limit to access cash. This … Read more