Whether it helps you qualify for a new credit card or secure the best interest rate on your mortgage, your credit score has a big impact on your finances. While there are a few different types of credit scores, the one youâre most likely familiar with (and the one thatâs most widely used) is the … Read more
When youre trying to qualify for a mortgage, lenders consider your credit score, how much debt you have, the regularity of your income and your savings, among other factors. If you dont meet the lenders requirements in one or more of these areas, you may have to work on them before you can be approved. … Read more
In the UK, theres no set minimum credit score you need in order to buy a house. However, if youâre buying a house with a mortgage, your credit score must be high enough for lenders to be willing to offer you a mortgage. The exact score youâll need varies from lender to lender, as their … Read more
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