Getting laid off or fired can be a stressful, even traumatic experience. It’s also a time to make sure you take care of your personal finances. Here are some tips on how to handle your 401(k). If you’ve been let go of or laid off, or if you just want to feel more prepared in … Read more
NINA loans, which stands for “no income, no asset” loans, were a type of mortgage popular in the early to mid-2000s that required little to no documentation from borrowers. As the name suggests, borrowers did not have to verify their income, employment, assets, or cash reserves to qualify for these loans. This made NINA loans … Read more
If you need to buy a new car but don’t have the money to pay for it in cash, a car loan can act as a lifesaver. And getting an auto loan with a repayment period that’s on the longer side can be an easy way to keep your monthly loan payments low. The standard … Read more
Understanding your credit score is vital to your financial health. Your credit score plays a major role in determining your eligibility for loans, credit cards, mortgages, rental applications, and more. Having a high credit score can save you thousands of dollars in interest payments over the lifetime of your loans. So how do you check … Read more
Your credit limit is a crucial aspect of your financial health, impacting everything from your credit score to your ability to make large purchases. At Peoples Bank & Trust, we believe in empowering our customers with the knowledge they need to manage their finances effectively. Heres a comprehensive guide to understanding your credit limit, how … Read more
What does it mean to get pre-approved vs. get pre-qualified for a mortgage, and what’s the difference between the two? Let’s take a look. Pre-qualification and pre-approval are two terms you may hear used interchangeably when shopping for a mortgage, but they are actually two optional steps you can take to start the loan approval … Read more
In this post, we’re talking about mortgage rates and if you can qualify if you have a late mortgage in your payment history. This is a situation that happens to a lot of folks, and we get calls all the time asking this question. In short, absolutely. It’s still possible to get a mortgage if … Read more
There are many refinancing options available for retirees, including programs from Fannie Mae and Freddie Mac. Editorial disclosure: Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. … Read more
A debt validation letter is a document from a debt collector providing information about a debt you may owe. Collection agencies are required by law to provide validation notices and give you time to dispute the debt. If youve been contacted by a debt collection agency about a debt you may owe, its important to … Read more
For a score with a range of 300 to 850, a credit score of 670 to 739 is considered good. Credit scores of 740 and above are very good while 800 and higher are excellent. For credit scores that range from 300 to 850, a credit score in the mid to high 600s or above … Read more