While the odds of a major disaster hitting a specific home is the same regardless of whether the owner has a great credit score or one that puts them in a subprime category, their credit score will impact their rate in many states. In most states, insurers are allowed to consider credit scores when setting […]
A bridge loan can be used if you are in the process of moving from one home to another or if your business needs some temporary financing to help cover operating expenses while waiting for long term funding. Keep reading to learn everything you need to know about bridge loans. What is a bridge loan? […]
Due to historically low interest rates, many homeowners are refinancing their mortgages. In fact, close to 1.7 million U.S. homeowners refinanced over April, May and June of this year, according to Attom Data Solutions. This is over double the number who refinanced loans during the same period in 2019. The coronavirus has had a major […]
As unemployment rates continue to rise, many Americans are having a difficult time paying their mortgage. In many cases, lenders are offering assistance to their customers, making it possible to defer your mortgage payment. The process may vary depending on your lender, so it makes sense to ask questions and fully understand the process and […]
According to credit bureau Experian, the average credit score of women is now the same as the average score for men. The average score for both is currently 705 which represents a a one-point increase since the second quarter of 2019 for women and a 10-point increase for both men and women since the second […]
If you are among the millions of Americans who find themselves with extra time due to working from home or not working at all, we decided to make a quick list of things you can do while weathering the pandemic to help keep your sanity. Here are just a few jobs you can tackle while […]
Buying a house is not just about putting a roof over your head, it is also an investment, the equity you build in the house over the years can end up being a significant portion of your financial well-being in the future. The process of buying a home can be a bit overwhelming, after all […]
FHA loans can be a great option for first-time homebuyers. They often offer a fantastic interest rate as well as a lower down payment requirement. Due to the fact that these loans are backed by the Federal Housing Administration, interest rates can drop down as low as 3.5 percent. While a traditional mortgage usually requires […]
According to a report from Insurancequotes.com, your credit history may have a much bigger impact on your homeowners insurance rates than previously thought, and the gap between a poor and excellent credit rating seems to be growing. In fact, if you have a poor credit rating, on average, your premium will be more than double […]
Everybody has a credit score these days and it can have a huge impact on your financial life. A good or bad score can affect everything from the rate you pay on a mortgage to the cost of insuring your home. Achieving, and maintaining a good credit score takes work and financial discipline but the […]