The New Credit Scores That Could Get You a Loan

Credit Score

The New Credit Scores That Could Get You a Loan

The New Credit Scores That Could Get You a Loan

Legislation introduced late last year aimed at changing the way the nation’s largest mortgage loan holders, Fannie Mae and Freddie Mac, conduct business, could signal a tipping point in how, and even if, credit scores are calculated for lending decisions. In December, U.S. Reps. Edward Royce (R-Calif.) and Terri Sewell (D-Ala.) introduced the Credit Score Competition Act... Read More

How Long Does It Actually Take to Get a Mortgage?

Mortgages

How Long Does It Actually Take to Get a Mortgage?

How Long Does It Actually Take to Get a Mortgage?

It may have happened several years ago, but Americans haven’t forgotten about the financial crisis. Perhaps no one knows that better right now than the Quicken Loans social media team, which has dealt with an onslaught of criticism since a commercial for its mortgage app aired during Super Bowl 50. “You could get a mortgage... Read More

Are We All Doomed to Be in Debt?

Managing Debt

Are We All Doomed to Be in Debt?

Are We All Doomed to Be in Debt?

You’d be hard-pressed to find someone who likes being in debt. Even when it helps someone accomplish a goal, like getting an education or buying a home, going into debt isn’t exactly fun. In fact, a lot of people say it’s downright terrible. A new survey shows 54% of American adults at least somewhat or... Read More

How We’re Planning Our Hibernation Vacation

Personal Finance

How We’re Planning Our Hibernation Vacation

How We’re Planning Our Hibernation Vacation

We know we’re preaching to the choir when we say this winter has been rough. It’s for this very reason that we’re “leavin’ on a jet plane and don’t know when [we’ll] be back again.” We need sun, sand and warmth – like, now. This is our strategy for keeping the costs of our trip... Read More

Renters Pay $112 More a Year for Car Insurance. Is That Fair?

Auto Loans

Renters Pay $112 More a Year for Car Insurance. Is That Fair?

Renters Pay $112 More a Year for Car Insurance. Is That Fair?

Auto insurers levy something akin to a home renters’ surcharge on policy-holders, and that’s unfair, the Consumer Federation of America alleged on Monday. The interest group says it secret-shopped for typical driver policies in 10 U.S. cities and found renter rates averaged 7% higher – costing those consumers $112 annually – over rates offered to an... Read More

Do You Understand Your Mortgage’s Fine Print?

Mortgages

Do You Understand Your Mortgage’s Fine Print?

Do You Understand Your Mortgage’s Fine Print?

When shopping for a mortgage, it’s critical to have a general understanding of how points affect your mortgage rate and payments, and ultimately connect to your bottom line. Below are some guides to help you identify your net tangible benefit on a home loan. Points When you pay points, you are paying a premium to... Read More

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