This is the 5th entry in our Home Buying series. There are links to the other entries at the end of this article. Once you’ve bought a home and moved…
Tag: debt
The simplest way to understand what refinancing a mortgage means is just to think of it as getting a mortgage, again. You’ll rate shop for the lowest interest rate, you’ll…
This is the 4th entry in our Home Buying series. There are links to the other entries at the end of this article. Buying a home can be a long,…
It can be hard to get a loan. Whether it’s a mortgage, a student loan, an auto loan, or even a credit card, getting a loan can be difficult. And…
Debt. It’s easy to build and hard to get rid of. We break down the different types, which details matter, and how to make a plan to pay off your…
Debt-To-Income (DTI) Ratio is an important measure of risk that divides your total monthly debt payments by your monthly income. Lenders use it to determine how well you manage monthly…
Dreaming about buying a home or a car? These are large purchases compared to things you buy with your credit card and require a little more time and preparation (we…
Independence means not relying on anyone or anything else; strong and able to survive alone; free. Sound pretty good? Let’s take it a step further and explore financial independence. That…
Collateral is any item(s) of value (assets) designated as security to a lender when you take a secured loan. In the event that you’re unable to make payments, the lender…
An installment loan is a lump sum borrowed all at once and re-payed over a fixed period of time. Payments (known as installments) are typically monthly, but can vary depending on the…