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Consolidation vs Balance Transfer: The Best Cards and Loans

Debt consolidation comes in many forms, from debt management plans to consolidation loans and balance transfers. Your credit history and debt-to-income ratio will dictate which option is best for you, but for debtors not experiencing financial hardship, it’s a choice between a balance transfer and a debt consolidation loan, two options we’ll compare and contrast […]

Consolidation vs Balance Transfer: The Best Cards and Loans is a post from Pocket Your Dollars.

What Is A Bad Credit Score? (and What You Can Do To Fix It)

Maybe you already know your credit score is lackluster, or maybe you’re dragging your feet to find out because you don’t want to know just how bad it is. Before worrying anymore about that dreaded…

The post What Is a Bad Credit Score? (And What You Can Do to Fix It) appeared first on Crediful.

Despite COVID-19, You Can Still Get a Jumbo Home Loan

While lots of lenders have recently cut back on offerings that aren’t backed explicitly by the government, some are rolling out new loan programs to help homeowners get the financing they need. We’ve already seen non-QM lending basically dry up as the COVID-19 pandemic hit, though some lenders in the space are still hanging on [&hellip

The post Despite COVID-19, You Can Still Get a Jumbo Home Loan first appeared on The Truth About Mortgage.

Mortgage Lenders Now Providing Payment Relief Due to Coronavirus

CARES Act permits 6-12 month forbearance for mortgage payments on federally-backed home loans HUD has announced a foreclosure and eviction moratorium for single family homeowners with FHA-insured mortgages for the next 60 days Fannie Mae has suspended foreclosure sales and borrower evictions until at least December 31st, 2020 Freddie Mac has announced the suspension of [&hellip

The post Mortgage Lenders Now Providing Payment Relief Due to Coronavirus first appeared on The Truth About Mortgage.

Redfin: 2020 Home Sales Will Be Highest Since 2006

While 2020 continues to surprise us, somehow, someway, home sales are expected to hit their highest point since 2006 this year. This, despite an ongoing worldwide pandemic and a contentious U.S. presidential election that’s less than a month away. You’d think those types of events would give prospective home buyers pause, but they could actually [&hellip

The post Redfin: 2020 Home Sales Will Be Highest Since 2006 first appeared on The Truth About Mortgage.

FHA First-Time Home Buyer Loans: The Pros vs. the Cons

The FHA first-time homebuyer loan program makes life a lot easier if you’re just starting out in the homebuying process. Here’s a look at how they work.

The post FHA First-Time Home Buyer Loans: The Pros vs. the Cons appeared first on Real Estate News & Insights | realtor.com®.

Balloon Payment Mortgage – What It Is & How It Works

Learn more about the balloon mortgage, a lesser-used type of loan that offers lower interest rates for a period of time, followed by a “balloon” payment.

What to Do When You Owe More on Your Car Than It’s Worth

A negative equity car loan — also referred to as being “upside down” or “underwater” on a loan — means you owe more on a vehicle than it’s worth, and it’s a more common scenario than you might think. Nearly one-third (31.4%) of car owners currently have a negative equity car loan, according to a… Read More

The post What to Do When You Owe More on Your Car Than It’s Worth appeared first on Credit.com.