If you don’t have an emergency fund, you are not alone. According to Bankrate, 28 percent of American adults do not have a rainy day fund, but an unexpected expense can come up at any time. If none of the people in your circle would be able to lend you the money you need for an emergency, you would experience…
What Is the Federal Housing Administration? The Federal Housing Administration or FHA is the governmental body that insures mortgages for loans made by lenders approved by the FHA. Qualifying loans are those that require borrowers to place at least 3.5 percent as a down payment rather than the 20 percent that lenders usually charge. These loans also require that you…
11 Ways To Get the Lowest Mortgage Rate 1.) Raise Your Credit Scores One of the best ways to get a low mortgage rate is to have the highest credit scores possible. If you are going to have high credit scores, you must pay all of your bills on time. If you have been doing this, your lender will learn…
Many homeowners are carrying several types of debt, and it can be overwhelming. Along with their mortgage debts, they may also have student loan debts, credit card debts, medical debts and personal loans. The interest rates on these other debts can be much higher than their mortgage interest rates, and mortgage interest can be tax deductible, so refinancing their loans…
15 Tricks for Successful Budgeting If you are like many Americans, you have credit card debt. According to Creditcards.com, approximately 37% of all households in the U.S. have unpaid balances on their credit cards. The average credit card debt per borrower in 2019 was reported as $5,554. Credit card interest is one of the highest types of debt, with annual…
How to Get a Personal Loan If you’re faced with an unexpected project, your car breaks down or you want to consolidate debt, you could take out a personal loan. It will leave you with a large chunk of cash that you can pay back with interest over time. Whereas the average credit card interest rate is between 15 and…
Tips For Budget Financial insecurity is a huge source of stress to Americans. In fact, many adults stick their heads in the sand when it comes to understanding their finances. Because they are scared of what they will discover about their debts and bills, they choose to continue spending mindlessly, hoping that everything will turn out well in the end.…
New Year’s Resolution Losing weight is a common New Year’s resolution, but paying off debt and keeping it off is another common category of resolutions that can have huge benefits to your overall wellbeing. Paying off student loans, credit cards, and a wide miscellany of personal debt can be daunting, though. There are, however, some techniques that you can use…
50 Christmas Gifts that Don’t Break the Bank Many people have limited funds this year for gifts. If you are shopping for Christmas on a budget, these are some useful and cheap gift ideas. 1. Edibles Be sure to know your recipient’s restrictions. For example, I may be allergic to gluten, and one of our friends may be diabetic. Chocolate-dipped…
How to Find a Personal Loan with Low Rates If you require a personal loan but have never before applied for one, likely the most important consideration during the selection process is making sure that you find a personal loan that comes with low-interest rates. In order to enhance the possibility that you can find low rates for your personal…