Tag: Personal Finance

Considering a 2nd Mortgage? Here's What Your Need to Know
Posted on 11/18/2019
Considering a 2nd Mortgage? Here's What Your Need to Know
You’ve been paying off your mortgage for 10 years, building equity while making careful financial decisions to ensure that you’re on track to pay off your mortgage. So, all of those payments are essentially money in the bank for you, right? Not quite. The equity you’ve built toward is home isn’t really accessible until you either fully pay off...
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Is a Bigger Mortgage Better?
Posted on 10/21/2019
Is a Bigger Mortgage Better?
When dealing with mortgages, people erroneously believe that the smaller the mortgage taken out, the better for them. This article will clarify the reasons why even as daunting as it sounds, the larger and more prolonged the loan, the better. People who apply for mortgages are those who want to own a house but don't have sufficient cash...
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Bad Habits That Can Affect Getting Mortgage
Posted on 09/02/2019
Bad Habits That Can Affect Getting Mortgage
Securing a mortgage can be quite challenging if you do not meet specific requirements and demands made by the lenders. But really, you can’t blame lenders or mortgage companies for setting up these rules. Most of these demands are made to ensure the borrower can repay a loan without too much of a problem. Everyone has one or...
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Factors That Negatively Impact Your Credit Score
Posted on 07/01/2019
Factors That Negatively Impact Your Credit Score
A credit score is an essential factor that determines how creditworthy you are and how much interest you should pay on loans. If you have an excellent credit score, you will pay a lower interest rate on loans and credit lines all through your lifetime. Apart from reducing your interest rate, a good credit score helps you save...
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