Dec 18, 2023
Don't let your low income stop you from owning a home. Learn how to make the most of what you have with this comprehensiveDon'te to help you find an affordable house without sacrificing quality.
Oct 10, 2023
Read our comprehensive Arvest mortgage review to learn what types of loan products the lender offers, its eligibility requirements, customer service ratings and more. See if Arvest is the right fit for your home financing goals.
Nov 08, 2023
Learn how to purchase your dream home without emptying your savings. In this guide, we discuss what a purchase money mortgage is and the potential benefits it can offer you.
Oct 26, 2023
Want to access the equity locked up in your home? Learn more about home equity loans and whether they are the right choice. This comprehensive guide will tell you everything there is to know.
Jan 02, 2024
By limiting housing costs to no more than 28% of monthly gross income, the 28/36 mortgage guideline helps lenders mitigate default risk. This index is sometimes referred to as the "front-end ratio." The back-end ratio measures how much of one's monthly gross income goes toward paying down debt.s. The most common form of mortgage loan used by Americans today, a 30-year fixed-rate mortgage, now carries an interest rate of 6.32%
Jan 29, 2024
Private student loans from SoFi are one of the financial products the company offers to assist borrowers in meeting higher education costs. They provide low-interest rates, no hidden costs, and the ability to get your cosigner off the hook. The disadvantages of private loans include restricted access, the inability to use a cosigner, interest rates that fluctuate, and the absence of government loan perks. Private student loans from SoFi may be a viable choice for specific borrowers, but you should consider your circumstances before making a final decision.
Dec 01, 2023
Compared to a regular sale, trading in your car will save you a lot of time and energy. The most obvious perk of a trade-in is that it may be applied to purchasing a new car's down payment. This is helpful in many situations, but it might be convenient when negotiating a loan for a new automobile.
Oct 23, 2023
Any money lent between relatives is called a family loan. It can be used for any purpose, including but not limited to the lending or borrowing of funds within a family or the transfer of wealth.
Oct 27, 2023
An extra condition or document added to an existing contract is an addendum—additional terms or documentation attached to an existing contract. Adding an addendum to the acquisition of real estate may be done for various reasons; however, it is important to note that this will not necessarily occur when you are purchasing a home or other property.
Dec 31, 2023
Forbearance stops the student loan payment for a certain period, typically requested by a stressed borrower seeking temporary student loan relief. Loan service providers can put students in automatic forbearance in certain situations.