Paying your credit card bill early could bolster your credit, reduce interest charges and free up available credit. Understanding how this payment strategy might affect autopay and your budget is important to avoid any surprises. Paying your credit card bill late can result in late fees and a higher interest rate. And if your payment … Read more
A lot happens from the first time you meet with a mortgage consultant until your loan is funded. But it doesn’t need to be daunting. Here’s every step of just contact us! We are dedicated to making the mortgage process as smooth and quick as possible. Getting approved for a mortgage loan is an exciting … Read more
Money is the backbone of our modern economy, and banks are the guardians of our wealth. We trust them with our hard-earned cash, assuming it is safe and secure. However, recent events and historic banking failures have raised questions about the safety of our money in banks. Can banks seize your money without your permission? … Read more
Carrying a balance on your credit card means youâve paid off a portion of what you owe and left the rest for the next billing cycle. There are lots of reasons you might carry a balance. But itâs important to understand how it might affect interest charges, credit scores and more. Paying your credit card … Read more
Closing a credit card can hurt your credit, especially if itâs a card youâve had for years. An account closure can cause a temporary hit to your credit by increasing your credit utilization, lowering your average age of accounts and possibly limiting your credit mix. You might be tempted to cancel a credit card for … Read more
Homes are places to put down our roots, entertain and have sanctuary, but they can also be costly. One of the ways to make a house a little more affordable is lengthening the term, which is the central appeal of a 40-year mortgage. However, there are also some drawbacks to consider. Although Rocket Mortgage® doesn’t … Read more
You may be able to get help repaying your loans, including full loan forgiveness, through other federal student loan programs. You never know what you may be eligible for, so take a look at the options listed below. How Can I Get Rid of My Student Loans? Student loans can feel like a huge burden, … Read more
When applying for new credit, lenders will conduct a hard inquiry on your credit report to assess your creditworthiness. This results in a hard credit check that can temporarily lower your credit score. Many consumers wonder – how many hard credit checks is too many before it starts negatively impacting your ability to get approved … 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
Should you pay off debt or save for your dream house? Its a common dilemma many prospective homeowners face. On one hand, clearing debt can improve your financial health and creditworthiness, potentially securing better mortgage terms. On the other hand, saving for a down payment while carrying debt might delay your homeownership plans. Whether you … Read more