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Loans
Which Loan to Pay off First? How to Decide the Best Method for You
Deciding the best method on which loan to pay off first is not easy. You should consider your goals (such as a car/mortgage) and the approach that helps you attain them. Alternatively, you could pick a method that allows you to organize your budget and grow your savings. This depends on your needs and objectives.
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Budgeting
How Your Credit Score Impacts Your Financial Future
In short, your credit score impacts your financial future because it makes it easier to secure affordable housing, access funds during emergencies, raise capital when you need it, and establish residual income streams.
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Home Buying
How to Know if You’re Ready to Buy a House
There are many steps you need to take to ensure you are financially prepared to make such a substantial investment.
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Home Buying
Rent-to-Own Homes: How the Process Works
Rent-to-own is a creative agreement that can be a win-win for the homeowner and the tenant. The homeowner receives cash to cover any carrying costs and the assurance that the house will sell.
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Home Buying
Why Now Is the Best Time of Year to Buy a House
Alongside the perks and benefits that go alongside it, owning a home is an indicator of proficient money management. Closing on a loan during the best time of year to buy a house or when mortgage rate predictions are low only makes things better. Having the income, credit score, and downpayment for it, even before getting an estimate mortgage payment…
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Home Buying
Tips on Getting your Mortgage Down to 2%
Here are a few tips to help you solidify your status as someone who deserves the help of the Making Home Affordable program and get the reduction you need.
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Home Buying
Does the Low PennyMac Payment Make This Mortgage Worth It?
Unemployment is currently at historically low levels, and the US economy is performing very strongly. Because of this, many analysts and aspiring homeowners expect the housing market to pick up, even more so after the Federal Reserve recently cut interest levels. Is this a good time to buy? The Bank of America mortgage rates, as an example, are notably going…
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Loans
SOFR: How Your Current Student Loan Rates Might Change
On a typical day, banks lend money to customers who want to buy a home, purchase a car, and/or find the best student loan rates. After their doors close, however, banking firms will also borrow money from investors and government entities. In turn, they use those funds for daily operations, to pay back depositors, and continue to issue loans to…
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Home Buying
What You Should Consider When Buying Your First House
It may come as no surprise that there’s a lot to consider when you buy your first house – finances, where you want to live in the neighborhood, mortgage loans. But your house is where you’re going to spend a lot of your time, so you want it to be as comfortable as possible. Which is why there’s a lot…
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