Loans
3 Things Startups Should Know About Using P2P Loans
Starting a new business requires a certain level of commitment. You’ll also need to have access to plenty of money. Startups often have a hard time qualifying for business loans. But peer-to-peer (P2P) lending could be a financing option worth … Continue reading →
The post 3 Things Startups Should Know About Using P2P Loans appeared first on SmartAsset Blog.
Top Money-Saving Tips and Tricks to Beat 2020 Holiday Debt
Between Santa shenanigans, special foods, long-distance travel and treats, holiday spending adds up quicklyâand so does holiday debt. In 2019, shoppers in the US spent 3.4% more than they did in 2018. Unsurprisingly, they also ended up owing 8% moreâroughly $1,325 per adult in 2019 versus just over $1,000 per adult in 2018. Unfortunately, holiday… Read More
The post Top Money-Saving Tips and Tricks to Beat 2020 Holiday Debt appeared first on Credit.com.
How to Transfer Your Credit Card Balance in 5 Simple Steps
Are you struggling to pay your credit card debt? Perhaps you’re considering a balance transfer credit card to help you pay off your debt faster? If so, you’re not alone. In fact, the average American household owes $6,194 in credit card debt and many are seeking strategies to reduce that number. It may be […]
The post How to Transfer Your Credit Card Balance in 5 Simple Steps appeared first on Incomist.
Debt consolidation refinance: How it works, pros and cons
The debt consolidation mortgage is one way to lower the payments and interest rate on your debts. But it’s not the best solution for everyone.
What Biden means for mortgage rates, housing policy, and real estate
Learn what Biden’s presidency means for mortgage rates, housing policy, real estate, and renters in the coming years.
New Home Purchase Applications Remained Strong to Year’s End
Posted To: MND NewsWire
The Mortgage Bankers Association (MBA) estimates that applications for the purchase of newly built homes rose only 0.2 percent from November to December, however, those applications were up 42.2 percent compared to December 2019. The information comes from MBA’s monthly Builder Application Survey (BAS) and was not adjusted for typical seasonal patterns. Based on those mortgage applications and assumptions regarding market coverage and other factors, MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 876,000 units in December 2020. This is an increase of 5.9 percent from the November pace of 827,000 units. On an unadjusted basis, there were an estimated 59,000 new home sold during the month, unchanged from the same level in November. “The new home…(read more)
Mortgage Loan Early Payoff Overview
In the Mortgage Industry, Early Payoff a.k.a. as “churning”, “prepayment” or “borrower runoff” is the process whereby borrowers refinance their current mortgage for a better offer with a different lender. Surprisingly, many mortgage industry investors are unaware how much early payoffs are costing them, despite the fact that the practice has increased at an alarming rate. Most investors are much more focused on gaining new business; a process that demands the promotion of more early payoff mortgage loan products.
Chase sees huge digital adoption in home lending business
When it came to institutions moving quickly to meet shifting consumer needs during the pandemic, JPMorgan Chase was no exception.
The post Chase sees huge digital adoption in home lending business appeared first on HousingWire.
Paying Off Debt to Buy a House
When you buy a house, a big part of a lender’s decision whether to approve your mortgage rests on whether or not you can afford it.If you have a lot of debt, the monthly payments on those obligations chip away at the total amount you can pay each month on a mortgage. But that doesn’t… Read More
The post Paying Off Debt to Buy a House appeared first on Credit.com.