What is Mortgage Forbearance

Understand what mortgage forbearance means and how it can help you get relief from your monthly payments. Learn more about the process and how it works for you and your home's future finances.

Jul 04, 2023

Should You Use Your Roth IRA to Buy Your First Home

Buying your first home can be daunting, and you may wonder if it's worth using money from your Roth IRA. Learn more about the advantages and disadvantages to make an informed decision.

Jul 02, 2023

Student Loan Payment Calculator

A student loan payment calculator is a powerful tool that can help students and graduates manage their debt. It provides a clear understanding of the total cost of a loan, including interest and principal payments, by simply inputting basic information such as the amount borrowed and interest rate. It also shows the impact of making extra payments or adjusting the loan term.

Jul 03, 2023

Detail Discussion on In-store loans vs online loans

Which option is comparatively better between an online personal mortgage or a traditional bank loan depends on how much weight you give to each factor.

Feb 22, 2023

Do You Know: What Is Foreclosure?

When a borrower stops making payments on a loan, the lender can legally seize the collateral (the home) and sell it to recoup the debt. The lender may declare default when a borrower fails to make a certain number of scheduled monthly payments. However, this can also occur if the borrower violates other mortgage provisions.

Dec 12, 2022

Review of Network Capital Mortgage

The typical Network Capital Funding Corporation home buyer outperforms the national average in every category Time-of-year dissimilarity to the national average The data was obtained from the Home Mortgage Disclosure Act database. These APRs apply solely to loans used to acquire a primary residence and are not to be used in any other context.

Nov 15, 2022

Reasons To Buy a House

Although purchasing a house is sometimes referred to as the "American Dream," it is important to remember that doing so before one is prepared may have significant negative effects on one's finances. If you overspend, for example, you run the risk of being "home poor," which means that you won't have enough money to pay your normal payments and won't be able to progress toward your long-term financial objectives

Nov 14, 2022

Student Loan Debt vs. Credit Card Debt: Comparison

Compared to credit cards, the sole incentive to pay off your student loans first is to prevent a federal loan default, which may lead to your tax returns being withheld. Paying off your student loans first can help you avoid this. On the other hand, paying off your credit cards is the better choice when considering the total cost of the debt, the many alternatives for repayment, the interest rates, and other significant aspects.

Nov 14, 2022

What You Need To Know About FHA Loans in 2022

The Federal Housing Administration is a division of HUD that insures certain types of mortgage loans. They don't have the same stringent requirements as a conventional mortgage, such as a good credit score or a significant down payment. Single-family houses, duplexes, fourplexes, and condominiums all qualify for these 15- and 30-year mortgages.

Sep 26, 2022

Client Explanations on Soaring Interest Rates and Real Estate

In a competitive free market, government-backed and private lenders bid against one another for homeowners' business, causing fluctuations in the average monthly mortgage interest rate. Due to stable property prices, tightened lending restrictions, and a decreasing backlog of unsold properties, the average interest rate on 30-year fixed mortgages have remained around historic lows since 201

Sep 25, 2022

Prosper Personal Loans

A platform for peer-to-peer lending, Prosper was founded in 2005. It does this by connecting people searching for personal loans with investors, and the requirements for receiving a loan from the company are not as strict as those of certain conventional lenders.

Sep 06, 2022

Best Budgeting Software

CFP Board of Standards data shows that those who keep a budget feel more safe, confident, and in charge of their finances. Most Americans don't have a budget, and many who claim to have one are simply tracking receipts without a structure in place to restrict spending, according to the same article

Aug 07, 2022

Types of Annual Mortgage Statement

A statement known as an annual mortgage statement is one that is sent to a mortgagor by the mortgagee's servicer.

Jun 30, 2022