Buying a second house when you already own one isn’t something FHA loans typically allow, but there can be 2nd FHA loan exceptions. At the Wendy Thompson Lending Team, we can help you get a second FHA loan as a second-time homebuyer. Here’s what you must know. Hey there, second-time homebuyers in Tennessee and Mississippi! … Read more
No homebuyer wants to hear the words, “Mortgage loan denied in underwriting.” The good news? A denial doesn’t have to be the end of the road for obtaining a mortgage. By understanding the warning signs your mortgage will be denied, you can take the right steps to get your homebuying journey back on track. Key … Read more
Do Credit Cards Check Your Bank Balance? Demystifying a Common Concern Applying for a new credit card can be an exciting yet mysterious process. As you fill out the application, you may find yourself wondering – do credit cards check your bank balance? It’s a fair question After all, credit card companies request a ton … Read more
According to the Amex website, American Express is accepted by 99% of places in the US that accept credit cards. This might seem hard to believe — considering the fact that you’ve probably walked into at least one business that says “No Amex” or something similar by the credit card terminal. I’m not here to … Read more
“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. Bankrate is always editorially independent. While we adhere to strict , this post may contain references to … Read more
The current average mortgage rate for someone with a good credit score (700) was 7.42% as of January 3, 2025, according to Curinos data. Your credit scores can directly impact your eligibility for a mortgage and the interest rate you receive. You may need a score in the high 700s (or higher) to get the … Read more
Roughly 66% of cars financed go to borrowers with scores of 661 or higher, but those with lower scores have options. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their … Read more
A 10-year ARM has an introductory interest rate for the first 10 years. Once thats over, the rate adjusts every six months. Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are … Read more
While credit score requirements vary based on loan type, lenders generally require a credit score of at least 620 to buy a house with a conventional mortgage. The minimum credit score needed to buy a house can range from 500 to 700, but will ultimately depend on the type of mortgage loan youre applying for … Read more
Most people who buy a home take out a mortgage to finance the purchase. There is an approval process called underwriting that stands between a borrower wanting a property and them being able to pay for it. Letâs dive in and learn more about underwriting and how it works. Underwriting is the process your mortgage … Read more