A Guide on Loans: Auto, Personal, Student, and Mortgage Loans Explained
It’s unlikely that you’ll get through life without needing to borrow money at some point. People can get away without using credit cards, but it’s much harder to pay for life’s biggest expenses in cash. Loans are often used to finance larger purchases so you don’t have to delay the purchase by years while you […]
Government-Backed Home Loans: Benefits and How to Apply
There’s no denying that it’s harder than ever to become a homeowner in the United States. This is mostly due to the limited housing supply and prices that have rapidly increased faster than wages. Still, the white picket fence is the definition of the American dream for many young Americans. Luckily, there are several government-backed […]
A Complete Guide to Amortization Loans
If you ever have a loan where you pay the same payment every month, you likely have an amortization loan. These loans are especially common for mortgages, car loans, personal loans, and student loans. Considering you’ll likely have an amortization loan at some point in your life, it’s crucial to understand how they work so […]
Understanding the Differences Between Mortgage Prequalification & Preapproval
So, you’re going to get a mortgage soon. This is a monumental life step for anyone. But, if you’ve never done it before, it can also feel overwhelming. Your home will probably be the biggest purchase of your life, and there are so many steps you need to go through to ensure you get that […]
8 Home Renovation Financing Options to Consider
Home renovations can transform your living space, enhance your home’s value, and improve your quality of life. However, they often come with a hefty price tag and can sometimes be overwhelming. Finding the right financing is crucial, whether you’re planning a small upgrade or a full-scale remodel. This guide will discuss the top home renovation […]
Is Peer-to-Peer (P2P) Lending the Right Option For You?
Throughout your life, you’ll come across times when you need a loan or new credit. And you’re not alone in this. According to TransUnion, the average American had $11,687 owing in personal loans as of the second quarter of 2024. Loans are simply a necessity sometimes. But just because you need a loan doesn’t mean […]
Cosigning Risks: How Serving as a Cosigner Affects Your Credit
Lenders use credit checks to determine if you have a history of repaying your debts on time. If your score isn’t high enough, a lender might request you add a cosigner to your application. But what happens when you have a high credit score and a loved one asks you to help them out and […]
How Interest Rates Work and Affect Your Debt
When you borrow money, you have to pay close attention to your agreement. It contains a wealth of information about your borrowing costs, payment timeline and other terms. One of the most important terms is the interest rate. Learn more about how interest rates work and how they’re likely to affect your finances. What Is […]
What You Need to Know About Bridging Loans
Although personal loans and credit cards have benefits, they’re not right for every situation. For example, it doesn’t make sense to use a credit card with a 29.99% APR to cover inventory costs for your business. Bridging loans offer a convenient alternative, making them ideal for small-business owners and homebuyers. Learn more about this type […]
Using Home Improvement Loans: How to Budget and Plan Your Project
If you’ve watched even one episode of a home renovation show, you know that it’s common for renovation projects to go over budget. For homeowners with unlimited funds, going over budget isn’t much of a problem. They simply spend the extra money to finish the project as planned. However, going over budget can hurt your […]
