Young People are Spending $100,000 on Someone Else’s Mortgage
Monday, 07 May 2018
If you’re young and you rent, you may want to reconsider what you owe. According to the US Census Bureau, renters will spend almost $100,000 on rent by the time they hit 30 for a ten year period. That’s 45 percent of your income. Why is that number kind of backbreaking? Because that’s more than
- Published in Home Loan, Home Loan News, money tips
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Talladega Nights: Good Credit With A View
Friday, 07 April 2017
by David Castillo The myth of credit is that it doesn’t buy you anything. But that’s like saying being a university professor doesn’t buy you anything. Just like an esteemed job creates opportunities, good credit establishes liberty and leisure. Good credit gives you the freedom to buy things you might otherwise not afford. And one
- Published in CFR-home, Credit Building, Home Loan, Uncategorized
College Students: Don’t Ruin your Credit
Thursday, 22 October 2015
Being on your own for the first time can be exciting and liberating, but be mindful not to make the following credit mistakes that could haunt you for a very long time. Abusing easy credit As a student, you are an easy target for credit card companies. You are easily approved and can spend money
- Published in Auto Loan News, Home Loan, Student Loan, Student Loan News
How does a Rent-to-Own Agreement Work?
Thursday, 08 October 2015
We hear the term “rent-to-own” often, but do you really understand what it involves and how it could work for you in purchasing a home? Rent-to-own, also known as a lease option, is a contract that allows renters to lease a property and, at the end of the lease (usually one to three years), have
- Published in Auto Loan, Home Loan, Home Loan News
5 Ways to Revive Your Credit After Bankruptcy
Friday, 04 September 2015
Coming out of bankruptcy proceedings may initially bring you peace of mind because it is finally over. But then you are hit with the next unfortunate phase of the process and that is trying to repair your credit. Even though many people have been through the bankruptcy system, many find it embarrassing and therefore, don’t
- Published in CFR-Investing, Credit Building, Credit Tips, Home Loan, Student Loan
What Your Mortgage Lender Wants to Know
Tuesday, 30 September 2014
Applying for a mortgage loans? In order to get the best rates on loans and mortgages, you have to be able to prove to prospective creditors that you are trustworthy enough to re-pay your debt. And often enough, the basis of your credit worthiness comes long before you’ve even thought of applying for larger loans
- Published in Auto Loan, Credit Tips, Home Loan
10 steps to buying a home
Tuesday, 23 July 2013
For first-time home buyers, it can be a little overwhelming to think of the process. Here are 10 basic steps you can prepare for as you start thinking of purchasing your first home. It’s a big investment, so research and get a financial adviser to help you through. 1. Define
Introduction to Refinancing on Your Home
Tuesday, 23 July 2013
Nowadays, any relief from the stack of monthly bills that pile up can help. If you’re looking to find some relief from your mortgage, you may be considering refinancing. Investopedia defines refinancing as a business or person revising a payment schedule for repaying debt. Oftentimes, refinancing can get you a lower interest rate, lower monthly