You’ve started the process to buying a home. You’ve met your lender and have been preapproved. You’ve picked a house and the seller has accepted your offer. You’re well on your way to living in your new home – there can’t be many more hurdles, right? Often, this is true. However, when financial situations change … Read more
As a parent, you always want to make sure your kids are on the path to a bright futureâat work, at home and in life. Learning how to build credit can be part of that. Good credit scores can give young adults access to good rates and terms on credit. It could even help them … Read more
Your car’s down payment affects your loan amount and monthly payment and can even change what auto loan terms you qualify for. So how much does a down payment for a car need to be? We at the Guides Auto team will walk you through your options and show you how to get the best … Read more
To qualify for a 0% APR car loan, you generally need excellent credit, a solid income and a low debt-to-income ratio. But even if you qualify, your vehicle options may be limited. It may sound too good to be true, but getting a car loan with a 0% annual percentage rate (APR) is possible. However, … Read more
Your debt-to-income ratio is a key financial measurement that lenders examine when you apply for a mortgage. If you own a home and want to refinance, you might think you donât need to worry about your DTI ratio. After all, youâre already making your mortgage payments, right? However, mortgage lenders still will look at your … Read more
Similar to home equity, land equity is the value of your land minus any money you owe on the loan used to purchase it. With a land equity loan, you can turn that equity into cash without having to sell the land itself. You can use the money to build a home on the property, … Read more
A bailiff (‘enforcement agent’) may visit your home if you do not pay your debts – such as Council Tax bills, parking fines, court fines and county court, high court or family court judgments. A bailiff may also visit your home for other reasons, for example to serve court documents or give notices and summons. … Read more
Your credit score is one of the most important indicators of your financial health, and it plays a major role when lenders determine your eligibility for loans, interest rates and more. The FICO score, the most widely used credit score, ranges from 300 to 850, and many people view a credit score over 800 as … Read more
Buying a home is likely one of the biggest financial decisions you’ll make in your life. And for most homebuyers, securing a mortgage is necessary to purchase property. But how much does the average UK mortgage amount to? Let’s take a look at the data and what impacts mortgage amounts. Average Mortgage Values According to … Read more
If you have a 401(k) and you want to take a mortgage loan, find out if the mortgage lender considers the 401(k) debt during the approval process. 3 min read When applying for a mortgage loan, the lender will evaluate your debts and income to determine if you are eligible for a loan. You will … Read more