The Conventional 97 loan allows you to buy a home with 3% down rather than the typical 5-20% down without FHA’s permanent mortgage insurance. Good to know: MortgageResearch.com makes money when you are matched with a lender through a web form or other connection opportunity on the site. Learn more about who we are and … Read more
A mortgage is one of the biggest debts you’ll have in your lifetime. While you may be working toward tackling credit debt, a car loan, student loans or all the above, the balance of your mortgage may be a little harder to chip away at. If you’re motivated, you can make an additional mortgage payment … 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 World Elite Mastercard is one of the most exclusive and prestigious credit cards available But with great rewards and benefits comes great responsibility – namely having the financial means to qualify So who exactly gets to carry this black card beauty? Let’s break down the requirements, Income Requirements First and foremost, you need solid … Read more
Buying a house with no money down might sound too good to be true, but for some home buyers, its possible. If you’re considering this option, make sure to look at the overall costs over the life of the loan to determine whether it makes sense for you. Buying a home is an exciting milestone … Read more
If youre like many Americans whove seen their debts rise in the last year, you might be wondering if your payments are unsustainable — and what you can do about it. If you have a lot of debt, youre not alone: The average debt balance, including big-ticket items like mortgages, student loans and auto financing, … 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
Refinancing your mortgage can be a great way to lower your interest rate, shorten your loan term, or pull cash out of your home equity. But after going through the application process, getting approved, and signing your closing paperwork, many homeowners want to know – when will I actually get the money? Here’s a look … Read more
Your credit score affects everything from the interest rate you’ll pay on an auto loan to whether you’ll be hired for certain jobs, so it’s understandable if you’re wondering how to raise your credit score quickly. While there are no shortcuts for building up a solid credit history and score, there are some tactics that … Read more
A 486 credit score hurts your financial options. Missed payments and high credit usage usually cause this low score. If you don’t act quickly, it can drop even more, making it tougher to get loans or rent an apartment. Turn things around by paying your bills on time and keeping your credit card balances below … Read more