Don’t Let BLACK FRIDAY Get in the Way of Buying a Home!
Black Friday is nearly upon us. Newspaper inserts, emails and TV commercials abound with information about the “BEST DEALS EVER!”. You get to the store before the sun even thinks about coming up only to find that you can get an even better deal if you open a line of credit! STOP RIGHT THERE. If you are in the process of buying a home, or considering doing so anytime soon, we urge you to stop and collect your thoughts for a moment. What the heck does Black Friday have to do with buying a home!? That additional percentage off for opening a line of credit could be a deal-breaker when it comes to purchasing a home. If you are in the midst of the mortgage process with a good lender, you already know that you should hold off on opening new credit...
Read MoreLittle to No Money Down Mortgages Are Still Available!
There is so much talk these days concerning the added income, assets and higher credit score it takes to qualify for a mortgage. Perhaps one of the most misunderstood conceptions out there today suggests home buyers will need at least 20 percent down to qualify for a mortgage. That could not be further from the truth. The truth is, home loans are still available with little to no money down. There are several ways to get a little to no money down home loan. USDA Rural Housing programs, VA loans for veterans, and FHA mortgages are some of these programs Here is a rundown of the USDA program and what is required. USDA Rural Development Home Loans USDA loans are 100 percent zero-down mortgages designed to make it easier for people to buy homes in rural areas of the...
Read More5 Reasons to Pay More Than the Minimum
Being able to pay just a small percentage of your balance is one of the reasons we use credit cards. The minimum payment is a lot easier to make, but at the same time can come at a higher cost. There are multiple reasons you should make more than the minimum payment, but here are just a few… Save Money When you make the minimum payment, you end up paying much more in interest. You could be saving hundreds or even thousands in interest charges by raising your monthly payments. Pay It Off Sooner When you make the minimum payment, not only do you pay more in interest, it takes to longer to pay it off. With a credit card balance of $5,000 and an APR at 14 it would take you over 20 years to pay it off when you only make the minimum payment. Improve Your Credit...
Read MoreWhat To Do When Your Credit Score Is Low
These past months, you might have been expecting a large purchase headed your way. It could be a house or even a vehicle. You have been anticipating it for several weeks. Maybe it’s that big screen television set! You require financing for this, no matter what the situation is. Discovering that you’ve been denied for financing or simply a credit card you sent application for due to an unsatisfactory credit rating is a terrible feeling. You might have difficulty discovering someone willing to take on credit or a new credit card for you, if your credit rating is below 620. Scores less than 620 can be improved by means of just a little bit of work on your behalf, which is great news. Requesting a duplicate of your credit report so you’ll find out...
Read More
Follow Us!