How a Simple Mortgage Refinance Saved Me From Credit Collapse

Refinancing a mortgage won’t cure all of your financial ills, but it can be a great start. I first learned about refinancing a home several years into my first stint as a homeowner. At age 25, I decided to use the money I’d managed to save from my first job as a copy editor and … Read moreHow a Simple Mortgage Refinance Saved Me From Credit Collapse

A New Lender Took Over My Mortgage — Now What?

When you were going through the home-buying process, choosing a mortgage company was a big part of that. You likely did painstaking research on each company and carefully considered loan offers before deciding on one. Despite all that hard work, your mortgage servicer — the company that…

Six Reasons to Think Twice Before Taking Out a Reverse Mortgage

A reverse mortgage can provide older homeowners with an economic lifeline, but there are reasons to be cautious before you trade an interest in your home for the luxury of no longer making loan payments. Reverse mortgages allow you to tap into home equity, which is the difference between your home’s market value and the … Read moreSix Reasons to Think Twice Before Taking Out a Reverse Mortgage

The 3 Golden Rules of Lending Money to Friends and Family

Conventional wisdom holds that you should never lend more than you can afford to lose. Believe it. If your brother or your BFF asks for $500 for car repairs, you have no guarantee you’ll ever see those funds again. Here are the three golden rules of lending money to friends and family. Follow them, and … Read moreThe 3 Golden Rules of Lending Money to Friends and Family

Can I Get a Loan If Declared Bankrupt?

Being declared bankrupt can be a major life event and it can have a dramatic impact on your finances for the foreseeable future. Don’t panic though – it is possible to get a loan after being declared bankrupt and there are many people who fully recover financially after bankruptcy. How long does bankruptcy last? Generally, … Read moreCan I Get a Loan If Declared Bankrupt?

Loan Shopping? Here’s How Multiple Inquiries Impact Your Credit Score

Shopping around to make sure you find the best deal on a loan is financially smart. Getting the best interest rate and terms possible, especially on a mortgage, could save you thousands or even tens of thousands of dollars over the life of a large loan. And we can thank the internet for allowing us … Read moreLoan Shopping? Here’s How Multiple Inquiries Impact Your Credit Score

Refinancing Your Mortgage to Pay Off Student Loans Sounds Tempting, but Use Caution

It’s hardly a secret or news flash that the student loan debt crisis in this country has reached epic proportions. For those who’ve lost track of just how bad things have gotten, here’s an update: There are now more than 44 million borrowers in America who collectively owe over $1.5 trillion in student loan debt. … Read moreRefinancing Your Mortgage to Pay Off Student Loans Sounds Tempting, but Use Caution