Economy

Nearly 3 Million Homeowners Already Receiving Mortgage Forbearance

We’re now getting more information on just how many Americans might be receiving mortgage relief due to the crippling effects of coronavirus. It’s only been a couple weeks since mortgage forbearance programs were officially launched, including the relief that’s part of the CARES Act, which allows homeowners to pause six to 12 mortgage payments. And [&hellip

The post Nearly 3 Million Homeowners Already Receiving Mortgage Forbearance first appeared on The Truth About Mortgage.

Homeowners Insurance: What You Need and Why You Need It

Even if you’re the type of person who likes to live dangerously, your mortgage lender is not. They will require you to purchase homeowners insurance to protect their interest in your home. And thank goodness they do. Because even if you don’t have a mortgage, you should have homeowner’s insurance. Your home is a huge […]

The post Homeowners Insurance: What You Need and Why You Need It appeared first on Home Buyers Guide.

Paying Off Debt—9 Strategies to Try

Nothing beats the feeling of freedom you can achieve by being debt-free. Yet the average American is carrying $92,727 in debt. Paying off debt—whether it’s student loans, credit cards or more—can be a challenge. Everyone’s financial situation is different, and this list is not exhaustive of all existing strategies, but here’s a look at some […]

The post Paying Off Debt—9 Strategies to Try appeared first on SoFi.

7 Truths From a Gut-Wrenching Stock Market Crash, One Year Later

A year ago, the stock market was crashing, and who can honestly say they weren’t panicked? A stock market crash is anxiety-inducing enough during normal times, even when you don’t have a pandemic, lockdowns and record job losses in the mix. The 2020 market meltdown began March 9. The bloodbath continued for an agonizing two […]

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Should I Get a Loan for a Used Car?

One of the many decisions consumers must make when buying a car is whether to get a new vehicle or a used one. Even though a used car is generally cheaper than a new one, it makes the car-buying process much more complicated, especially if you need to finance it. Some people argue that taking… Read More

The post Should I Get a Loan for a Used Car? appeared first on Credit.com.

2019 Mortgage Rate Forecast: We Could Be in for a Big Surprise

Just like that another year has passed, well almost, so it’s time once again to look forward to what the next 365 days might bring. Will 2019 be a winner for mortgage rates, or will home buyers and refinancers face more agony like they did in 2018? As always, I compile predictions and data from [&hellip

The post 2019 Mortgage Rate Forecast: We Could Be in for a Big Surprise first appeared on The Truth About Mortgage.

7 Reasons Buying a Car May Be Smarter Than Leasing

More than ever before, people are leasing their vehicles. Yet 75% of Americans believe that buying a vehicle is smarter than leasing one. Why? Karl Brauer, senior analyst, Kelley Blue Book’s KBB.com, summed it up: “Buying a car allows the owner to build equity in a vehicle and recoup some percentage of it when it’s time… Read More

The post 7 Reasons Buying a Car May Be Smarter Than Leasing appeared first on Credit.com.

Should You Refinance Your Mortgage While Rates Are Low?

With mortgage rates at historic lows, let’s take a look at what that means and whether refinancing is right for you and your situation.

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The post Should You Refinance Your Mortgage While Rates Are Low? appeared first on MintLife Blog.