Believe it or not, your credit doesn’t have to be stellar to get a mortgage. Many banks and mortgage lenders only extend mortgage loans to applicants with at least a 640 credit score. However, not all lenders are created equal. And it is possible to get a home loan with what a score below 600,... Read More

After much speculation it finally happened and on December 19, 2018, the Federal Reserve raised the federal funds rate—the interest rate that banks and similar institutions charge to loan money to each other. That’s good and bad depending on where rates touch you and your finances. If you have a savings account and/or other investments,... Read More

It’s no secret that housing costs are on the rise. From the coast of California to the high-rises of New York, there are just some places where you would expect home prices to be ridiculous. That doesn’t mean that people don’t buy homes in these places – they do. You might even be surprised at... Read More

Article originally published October 5th, 2017. Updated October 29th, 2018.  A home equity loan is a method for borrowing money for big-ticket items. Understanding the facts about these tricky loans is crucial to helping you make the right decision for your finances. If you’re considering taking out a home equity loan, here are 13 things... Read More

A recent Zillow report found that the average home costs around $1 million in 197 different cities. In 2018 alone, 23 cities have been added to the millionaire’s club. This reflects an ongoing trend in the U.S: homes are simply getting more expensive. Unsurprisingly, most of these million dollar homes reside in wealthy suburbs of... Read More

When it comes time to take out a mortgage on a property, there are many different types of loans available. From government-backed VA and FHA loans, to conventional fixed-rate 15-, 20-, or 30-year loans, there are lots of options to consider. One avenue you may not have considered — and may have even been warned against... Read More