The New Program Designed for Low-Income Homebuyers

Mortgages

The New Program Designed for Low-Income Homebuyers

The New Program Designed for Low-Income Homebuyers

Government-sponsored mortgage giant Fannie Mae is starting a new home loan program for low-income borrowers called HomeReady, with the goal of improving creditworthy consumers’ access to affordable mortgages through low down-payment requirements, homeownership education and other specialized underwriting criteria. The HomeReady program will be available to borrowers in areas designated by the U.S. Census Bureau… Read More

11 Myths About Student Loan Forgiveness

Students

11 Myths About Student Loan Forgiveness

11 Myths About Student Loan Forgiveness

If you have more student loan debt than you can handle, or if you’ve been paying and paying (and paying) and can’t make headway, chances are you’ve wondered about student loan forgiveness. As you look into your options, keep in mind that everything you read (or hear — even from your student loan servicer) may not be accurate…. Read More

I’ve Been a Bridesmaid 4 Times. Here’s the Real Cost

Personal Finance

I’ve Been a Bridesmaid 4 Times. Here’s the Real Cost

I’ve Been a Bridesmaid 4 Times. Here’s the Real Cost

When I set out to compare the costs of “bridesmaiding” to the costs of “groomsmanning,” I assumed that bridesmaids would spend more on appearances for the ceremony, while groomsmen would spend more on the bachelor party. Anecdotally at least, I was proven to be half right. But in an endeavor like a wedding, are the… Read More

4 Ways Getting a Mortgage Just Got Easier

Mortgages

4 Ways Getting a Mortgage Just Got Easier

4 Ways Getting a Mortgage Just Got Easier

The challenges consumers have faced in recent years in procuring a mortgage may be coming to an end. Here are four major changes that could make it easier for you to get a mortgage. 1. Your Landlord Experience for Investment Properties Until recently, in order to qualify for conventional loan financing for an investment property,… Read More

Can You Get a Loan for a Cellphone?

Personal Finance

Can You Get a Loan for a Cellphone?

Can You Get a Loan for a Cellphone?

The next time you buy a cellphone, things will probably be very different. And better, for the most part. Cellphone contracts look to be going the way of the flip phone, replaced by what are essentially no-interest phone loans. Here’s why that matters. Comparison shopping is the consumer’s best tactic, and most big companies’ biggest… Read More

Is a 529 College Savings Plan Right for You?

Students

Is a 529 College Savings Plan Right for You?

Is a 529 College Savings Plan Right for You?

With back-to-school season in full swing, you may be one of many parents with future college expenses on your mind. Between tuition, room and board, textbooks and other supplies, it’s easy to get overwhelmed by the cost of a higher education. Thankfully there are plenty of long-term savings solutions to help you ease the burden… Read More

Could My Business Loan Wreck My Credit?

Credit Score

Could My Business Loan Wreck My Credit?

Could My Business Loan Wreck My Credit?

A couple I’ll call Jake and Marcia purchased a coffee shop. The business was really Marcia’s dream, not his, but she was persistent and he reluctantly agreed to try to help out. Things went badly from the start and within less than 18 months they were forced to shut it down. But that wasn’t the… Read More

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