3 Things Homebuyers Should Know, But Don’t

Mortgages

3 Things Homebuyers Should Know, But Don’t

3 Things Homebuyers Should Know, But Don’t

Buying property, no matter how many times you do it, will be among the biggest financial decisions you make. While it’s difficult to feel fully prepared for the mortgage process, you have to do as much research as possible to ensure you’re entering into an affordable loan agreement, but many homebuyers start the process surprisingly… Read More

Why the Lowest Mortgage Rate May Not Be the Best

Mortgages

Why the Lowest Mortgage Rate May Not Be the Best

Why the Lowest Mortgage Rate May Not Be the Best

Interest rate isn’t the only factor that can drive up your projected new monthly mortgage payment. Private mortgage insurance (PMI) and the term of the loan can also make a big difference in what you pay each month. So that lower interest rate loan you’ve been offered — adjusting for mortgage insurance and a shorter-term… Read More

Help! My Credit Card APR Shot Up to 27%!

Credit Cards

Help! My Credit Card APR Shot Up to 27%!

Help! My Credit Card APR Shot Up to 27%!

With years of experience coauthoring personal finance and legal books, Mary Reed knows the importance of maintaining good credit. She’s careful to pay her bills on time and avoid unnecessary debt. Recently, though, she mixed up the due date on one of her credit cards and ended up paying it one day late. No big… Read More

What Do My Credit Score Numbers Mean?

Credit Score

What Do My Credit Score Numbers Mean?

What Do My Credit Score Numbers Mean?

550? 725? 680? What does your credit score mean? In this chart, we take a look at what goes into having excellent, very good, good, fair, bad and very bad credit. See what your credit score tells lenders and where you can improve. This useful guide to credit scores, compiled by Credit.com’s Credit Experts, is… Read More

Did Your Credit Card APR Change? Don’t Freak Out

Credit Cards

Did Your Credit Card APR Change? Don’t Freak Out

Did Your Credit Card APR Change? Don’t Freak Out

The message on the notice from her credit card company read, “We are pleased to tell you that we have lowered the following Annual Percentage Rates (APRs) on your account. Purchases: Prime + 11.74%, currently 14.99%V.” Immediately, my colleague who received the notice assumed her card issuer was trying to pull a fast one on… Read More

Refinancing Helps Consumers Considerably in 3rd Quarter

Mortgages

Refinancing Helps Consumers Considerably in 3rd Quarter

Refinancing Helps Consumers Considerably in 3rd Quarter

Many consumers may have sought to refinance their existing home loans in the last several years as a means of making their monthly payments more affordable, and it seems their efforts have largely paid off. During the third quarter, 83 percent of consumers who took the time to refinance their home loans either maintained the… Read More

Mortgage Rates Fall to All-Time Lows Once Again

Mortgages

Mortgage Rates Fall to All-Time Lows Once Again

Mortgage Rates Fall to All-Time Lows Once Again

Since the beginning of the year, mortgage rates have been extremely affordable for consumers, and that trend continued last week, when they fell to another all-time low. The average rate for fixed 15-year mortgages slipped to 2.69 percent for the week ending October 4, marking the second consecutive period in which these figures were at… Read More

No-Interest Credit Cards Are on the Rise

Credit Cards

No-Interest Credit Cards Are on the Rise

No-Interest Credit Cards Are on the Rise

Keeping their debt levels in check, particularly when it comes to credit cards, has been a focus for Americans nationwide in recent years. Many credit card issuers have evidently noticed this trend, as they are offering no-interest cards at an increasing rate. According to a report by MarketWatch columnist Jennifer Waters, with nearly half of… Read More

Do You Have a Good Interest Rate?

Credit 101

Do You Have a Good Interest Rate?

Do You Have a Good Interest Rate?

Jaw-dropping low rates on mortgages and auto loans are tempting even the most cautious borrowers to take the plunge and try to get a loan to buy a home or car, or refinance the ones they have. But can those great rates you see advertised be trusted? How do you know whether the interest rate… Read More

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