Having a good credit score is critical in the age we live in. Having a low score—or no credit history—can hold you back in life. The good news is that you don’t have to live with a low credit score forever. You can use a credit builder loan to turn things around. These loans are… Read More »Credit Builder Loans: Personal Loans to Build Credit
Buying things with credit cards is quick and easy—just swipe your card and go. But for many, the ease of making purchases causes their balances to grow to unmanageable levels. If you have one or more high-interest credit cards, a personal loan can be used to consolidate the debt. The following overview of the pros… Read More »The Pros and Cons of Using a Personal Loan to Pay Off Credit Card Debt
If you have either a home equity line of credit (HELOC) or a home equity loan, you may have considered refinancing to get more favorable terms or to save money on interest. Before you refinance, however, there are some important things to consider to make sure it will help you achieve your goals. Keep reading… Read More »Refinancing a HELOC or Home Equity Loan
There are many perks to being a homeowner. When you buy a home, for example, the down payment and monthly mortgage payments you make help to grow your equity. Many people take advantage of their home equity by taking out either a home equity line of credit (HELOC) or home equity loan to help them… Read More »HELOC & Home Equity Loan Tax Deductions
Personal loans are among the most common financing options for borrowers. They are highly flexible, relatively easy to obtain, and the interest rates are often lower than other borrowing options, such as credit cards. If you are considering one of these loans, the following are some personal loan FAQs to help you make an informed… Read More »Personal Loan FAQs
If you are thinking about applying for a loan, you may have encountered the term debt-to-income (DTI) ratio while researching your options. When considering applicants for a loan, lenders evaluate this ratio to make sure borrowers don’t have too much debt. Understanding the DTI ratio and how it works can help assess your ability to… Read More »What Is a Debt-to-Income Ratio?
Although interest rates have been very low for a while, they are now rising. To cool the high level of inflation we are experiencing, the Federal Reserve is raising interest rates for the first time since 2018. During the uncertain economic times we are now living in, many are wondering how they can deal with… Read More »Preparing Your Finances for Interest Rate Hikes
In just the past two years, home prices all across the nation have increased significantly. If you’ve been wondering what’s going on, the following overview can help you understand why prices are rising and how they affect your home’s equity. Why Are Home Prices Rising so Fast? There are several reasons why home prices are… Read More »Rising Home Prices and Your Home’s Equity
Many people tap into their home’s equity with either a home equity loan or a home equity line of credit (HELOC). They may use the money they borrow for a home improvement project, to buy new appliances, or for something else. A question that borrowers must consider before applying, however, is which type of loan… Read More »HELOC vs. Home Equity Loan When Interest Rates Rise
