6 credit score questions (and answers) to help you prepare for your mortgage application
Did you know your credit score affects your ability to qualify for a mortgage, and once approved, your monthly mortgage payment amount?
Tag: Money Management
Credit Cards: 3 Ways to Choose a Card that Fits Your Needs
Credit cards are an easy and often rewarding payment option in our daily lives, but they have the potential to cause harm if we’re not careful. Some consumers pay off their outstanding balance each month and use their cards to earn rewards. Others have balances that can’t be easily paid off or managed.
Goodbye High-Interest Loan: Refinance to Save
There are creative ways to refinance debt and save money in the process. For instance, a lower-interest auto loan can be used to refinance a high-interest loan like a credit card.
Apply for a Loan: 3 Questions Underwriters Ask
In addition to looking at your debt-to-income ratio and credit report, there are several other considerations underwriters take into account when reviewing your loan application. In this third and final part of our “Apply for a Loan” series, look at three additional questions underwriters ask. 1. How stable is your income? If you’ve been at your
How to Calculate Your Debt-to-Income Ratio
When you’re considering applying for a loan, understand how underwriters look at you and calculate your debt-to-income ratio (DTI), plus take into consideration your financial situation and obligations to feel comfortable, as well.
