Perhaps the most intimidating part of buying a home is applying for a mortgage. You may know exactly what “APR,” “points” and “fixed-rate” mean – but if this is your first home, or you just need a refresher, there are a lot of great resources to get you up to speed so you can be a well-prepared […]
The post What Is a Mortgage and How Does It Work? appeared first on Home Buyers Guide.
Jennifer’s husband walked out to the parking lot at 1 a.m. three months ago after another long night running the casino floor at a restaurant near Phoenix. He had no way to get home. The couple’s 2006 Ford Focus was gone. Not stolen, but repossessed. Jennifer says they were two payments and one day late…. Read More
The post Here’s What It’s Really Like to Have Your Car Repossessed appeared first on Credit.com.
We are officially in our last month of being in student loan debt. I thought this month would never come, but here it is. How Iâm feeling about being almost debt-free. Iâm not good at writing about feelings. If I…
The post Thoughts and Feelings on the Start of our Last Month in Debt appeared first on Modern Frugality.
Dozens of options exist for consumers looking to borrow money, but some loans are much harder to access than others. The best and least expensive ways of borrowing money generally require the borrower to have a good credit history, and many people aren’t in that situation. That’s where things like payday loans and auto title… Read More
The post What’s an Auto Title Loan? appeared first on Credit.com.
Auto loans are hot. Consumers can’t seem to get enough of them, and the average loan has soared from $14,700 to $17,400 in the past five years, according to TransUnion. Wall Street can’t get enough of them either: Santander Consumer USA just sold off $700 million of its subprime loans to investors within a few… Read More
The post Is There a Subprime Car Loan Bubble? appeared first on Credit.com.
Coming up with a down payment is probably the biggest hurdle for first-time home buyers. The recommended down payment is a whopping 20 percent. On a $250,000 home, that’s $50,000, which is more than just a few months of skipping a morning latte. In an ideal world, you would set aside a good chunk of change […]
The post Beg, Borrow or Save: Coming Up With a Down Payment appeared first on Home Buyers Guide.
In a perfect world, all parents would have a 529 planâor another education savings accountâfull of funds to cover their childrenâs college years. But there are many reasons why that may not be the case for you. If so, youâre likely looking into other options to pay for college. One possibility you may be considering […]
The post Pros & Cons of Using Retirement Funds to Pay for College appeared first on SoFi.
Today is our first anniversary! I remember thinking the day would never come and now itâs been a year. Crazy. Our first year has been pretty great. I only cried a few times and they were both on our honeymoon…
The post October 2016 Budget appeared first on Modern Frugality.
Conventional wisdom says that a good down payment for a car is about 20% of its total price. That’s because cars typically lose about 21% of their original value the first year. The logic was that if something happened to the car, it wouldn’t necessarily total your finances as well. If, for example, you had a… Read More
The post How Much Do You Need for a Down Payment on a Car? appeared first on Credit.com.
Most parents want their children to get the best higher education possible, but that dream comes with a high price tag. The growing costs of college mean parents who intend to help foot the bills need to plan, and as early as possible. One way to save for college tuition is through a 529 college […]
The post Benefits of Using a 529 College Savings Plan appeared first on SoFi.