USAA is well known for providing financial services to military members, veterans, and their families. But is it a good option if you want to refinance your auto loan or mortgage? In this in-depth review, we’ll look at the pros and cons of using USAA for refinancing. A Brief Overview of USAA USAA is a … Read more
If you have no credit history, you have no credit score — but not a zero credit score. 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 … Read more
Paying off your car loan early usually could cause a temporary drop in your credit score, but the dip typically lasts only a few months. However, paying your auto loan off early may not be the best use of your money if you have high-interest debt or your car loan has a low interest rate. … Read more
Student loans, credit cards, and mortgages—oh my. Like many people, you may have a variety of debt. And like many people, you may be working to pay off your balances while also trying to build up some savings for a rainy day (not to mention retirement). Trying to juggle so many competing priorities can be … Read more
Yes, mortgages are available for customers over the age of 60. There are lots of different options but success will depend on which lenders are willing to lend to you based on your personal circumstances and their criteria. Mortgage experts from Mortgage Advice Bureau will search over 90 lenders to offer the right advice and … Read more
Youve fallen behind on a loan payment—far behind. After a certain period of non-repayment, your debt is considered a charge-off, or a debt that your creditor assumes you wont pay. Although youre still legally liable for this debt, your original creditor may turn it over to a collection agency to recover it. Dealing with charged … Read more
Lenders run your credit just before your house closes to ensure your financial situation hasnât changed and you still meet the eligibility requirements for the loan. If your credit score decreases before closing, you can risk mortgage approval. Congratulations! Youve been preapproved for a mortgage, found your dream home and the seller has accepted your … Read more
Your score falls within the range of scores, from 670 to 739, which are considered Good. The average U.S. FICO® ScoreÎ, 714, falls within the Good range. Lenders view consumers with scores in the good range as “acceptable” borrowers, and may offer them a variety of credit products, though not necessarily at the lowest-available interest … Read more
When financing a home, a joint mortgage can be a great option – especially for first-time home buyers – because it allows you to split a loan with someone else. This often makes homeownership more affordable, but you still shouldn’t apply for a joint mortgage without carefully considering several important factors. Understanding exactly what a … Read more
A lump sum from your home that you don’t have to repay by a fixed date As a 55-year-old, you may be wondering if you can still get an interest-only mortgage. The short answer is yes, you can! Interest-only mortgages are available to borrowers aged 55 and over, provided you meet certain eligibility criteria. In … Read more