When it comes to how often you should apply for a card, thereâs no one-size-fits-all answer. But there are some considerations that can help you figure out whatâs best for your situation. Before you apply for a new card, its important to understand how it might impact your credit. And considering factors like interest rates, … Read more
Buying a home is an exciting milestone but qualifying for a mortgage can be stressful especially when your income seems just shy of affording your dream home. If you’re considering applying for a $200,000 mortgage, a common question is, “How much income do I need to qualify?” The answer isn’t straightforward since several factors determine … Read more
Hey there folks! Ever been scrollin’ through car ads or dreamin’ about a new ride only to see those sweet deals tagged with “for highly qualified buyers only”? Man, it stings when you ain’t sure if that’s you. Or maybe you’re eyeing a big purchase—house, car, whatever—and wanna know how to get the best loan … Read more
Regularly checking your credit reports and credit scores is a good way to ensure information is accurate. But can checking your credit hurt your credit scores? [Duration: 00:54] Many people are afraid to request a copy of their credit reports – or check their credit scores – out of concern it may negatively impact their … Read more
If youre thinking about refinancing your home, you may be wondering how long everything takes. The time frame can vary depending on the homeowners circumstances, the lenders timeline, and other factors. Heres the process with Discover® Home Loans. DHL loans typically go from application to funding in an average of 5-7 weeks. Applying is simple … Read more
One of the most common questions lenders get when it comes to home equity lines of credit, or HELOCs, is, What’s the difference between a draw and repayment period? And it’s no wonder — there’s a lot to unpack when it comes to these! Let’s answer some of the most common questions. A home equity … Read more
Credit score ranges vary across creditors and score types. For base FICO® Scores, the credit score ranges are: There are many models used to calculate your credit score, but most of the ones published by FICO and VantageScore® have a score range of 300 to 850. A higher credit score indicates you are statistically less … Read more
The types of bills that affect your credit scores are those that are reported to the national credit bureaus. This includes consumer debts and unpaid bills turned over to collections. If you use Experian Boost, eligible recurring payments could also help credit scores based on your Experian credit report. A bill only affects credit scores … Read more
Closing on a home can be an exciting yet stressful process. Once you get the keys and move into your new place, you may think the hard part is over. However, your relationship with your lender doesn’t necessarily end on closing day. Many lenders do follow up with borrowers after closing to ensure everything goes … Read more
When it comes to credit cards, “good” can mean a lot of things, but today, we’re talking credit limits. You know, the magical number that determines how much you can spend before your card gives you the cold shoulder. But what exactly is a good credit limit? Is it enough to cover a trip to … Read more