Will Taking a New Job Hurt My Homebuying Chances?

Mortgages

Will Taking a New Job Hurt My Homebuying Chances?

Will Taking a New Job Hurt My Homebuying Chances?

A reader asked us recently how much impact an unanticipated job change could have on his ability to get a mortgage.  “I found a better job,” he wrote. “How does this affect the loan?” We asked Scott Sheldon, a senior loan officer in Sonoma, Calif., and a Credit.com contributor, and he said the answer could… Read More

What Exactly Is a Pension?

Personal Finance

What Exactly Is a Pension?

What Exactly Is a Pension?

Pensions and retirement aren’t just for old people to worry about. Whether you are starting your first job or counting down the last few days in your office, understanding retirement account options can be the difference between the future you want and years of regret. The first step is getting a grasp on your needs… Read More

4 Credit Cards That Give Back

Credit Cards

4 Credit Cards That Give Back

4 Credit Cards That Give Back

Rewards credit cards are incredibly popular due to the points, miles or cash back offered to cardholders. But ultimately, there is another type of compensation that some people will find even more rewarding: a donation to a cause they believe in. There are three ways that cardholders can use their credit card to donate money directly to a… Read More

Can I Share a Credit Card With Someone?

Credit Cards

Can I Share a Credit Card With Someone?

Can I Share a Credit Card With Someone?

We now have car sharing, house sharing and even job sharing via the so-called gig economy, so some people might be wondering if they can you share their credit card. There are ways you can share your credit card, but these options range from savvy to risky. Adding an Authorized User The easiest way to share… Read More

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

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