Taking out multiple mortgages is possible, but also complicated. Having two mortgages at the same time requires careful planning and consideration of how it will impact your finances. While it may make sense in certain situations, there are risks involved that you’ll need to weigh before moving forward. Is It Possible to Have 2 Mortgages? … Read more
You may have heard an alarming story of a friend driving a new car home only to get a call to bring it back to the dealership because a loan didnt go through. Can a car loan be denied after approval? Though rare, it is possible to believe you are fully approved and learn later … Read more
When you first get a credit card, your credit line (also called a credit limit) may not be as high as youd like. After youve had the new credit card for a while, you may be able to request a credit limit increase. Hey there, fam! Ever found yourself starin’ at your credit card statement, … Read more
The Platinum is a bare-bones card that helps people build credit, and that’s about it. If you’ve graduated beyond the credit-building stage, choose the Quicksilver for its handsome rewards. Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, … 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
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 website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and … Read more
A credit score increase can be a welcome surprise, but it may have you wondering why. Your credit score may go up for several reasons, and they all have to do with changes to the information on your credit report. Common reasons for a score increase include: a reduction in credit card debt, the removal … Read more
So you’ve set a date for your loan closing – the big day when you’ll sign on the dotted line and officially become the owner of a your new home. Here’s a guide to everything you need to know about the loan closing process and the timeline leading up to the main event: closing day! … Read more
Credit cards are a great way to make purchases more convenient. Having one credit card is often enough, but different credit cards can serve different spending habits, such as travel rewards cards for frequent travelers. But can you have too many credit cards? Learn how having credit cards can impact your financial health as well … Read more
Understanding your debt-to-income (DTI) ratio is crucial when applying for a mortgage. This ratio compares your monthly debt payments to your monthly income and helps lenders determine how much house you can afford. But what exactly gets included in the DTI calculation? Specifically, does your escrow payment for taxes and insurance count? The short answer … Read more