I Make $70k a Year-How Much House Can I Afford? Disclaimer: This article contains paid affiliate links. By you clicking on the affiliate link and making a purchase, I receive a commission (at no additional cost to you). I make $70k a year-how much house can I afford? Determining how much house one can afford …
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what happens when you file chapter 7 The word bankruptcy is scary for many. Sometimes, we often associate bankruptcy as a desperate, last resort. However, the reality is that declaring bankruptcy is far more common than we think; even more interesting are the top reasons people declare bankruptcy. There are different types of bankruptcy but …
Stop lending money to family and friends Now before you judge me too harshly, I’m a firmly believe that charity and generosity should be a part of everyone’s financial plan at some point. However, I believe these actions should be executed wisely and with intent. At some point or another, we all get asked to …
Interest rate, APR, and APY are often confused Interest rate, APR and APY are all terms lenders and other financial institutions use fairly often. They may sound similar but there are key differences you should know as the differences will affect how much you earn/pay when applied to your balance. Let’s look at the main …
Interest Rate, APR, and APY: What’s the Difference and Why Does It Matter? Read More »
Advantages and Disadvantages of peer to peer lending If you wanted to borrow money for home improvements, education, or starting a small business, seeking out a personal loan from a bank is a natural first option. However, a new trend has come up in the last few years, allowing consumers to skip the banks or …
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Why You Shouldn’t Sign Up For that retail credit card No matter how tempting the offer sounds, do NOT sign up for that store credit card. We’ve all been there-you’re at the register making your purchase when the cashier asks if you’d like to sign up for the store credit card and the offer is …
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Should You buy a House Now…or Keep Renting? According to the latest census data, the current home ownership rates sits at about 64.7%,. As Americans, we have not seen this number so high since 2009 (1). While the data seems to point us towards homeownership as most desirable, is it really better than renting? Well …
5 ways to improve your credit score Disclaimer: This article contains paid affiliate links. By you clicking on the affiliate link and making a purchase, I receive a commission (at no additional cost to you). Thinking about buying a house? Leasing a car? Taking on a business or personal loan? If you’ve done any one …
Easy guide for refinancing a home Refinancing a home is a big decision and can have significant implications on your monthly payment and years of outstanding debt. I’ve consulted with various sources to understand the pros and cons of refinancing to put together this easy guide for refinancing a home. Please note that the rates …
The student loan trap and how to avoid it For the first time in history, student loans have outpaced consumer spending, reaching $1.6 trillion in 2019 and projected to hit $2 trillion by 2021. As millions of students go to college every year, they also sign up for years of hefty debt repayment without fully …
The Three Most Common Types of Mortgages Choosing which sort of mortgage to take on is very important as it determines how much you pay every month and how long it will take to pay off your loan. Below are the three most common types of mortgages offered in the USA. 1. Fixed-Rate Mortgage The …
Tips For Buying a home for the first time Purchasing a home can be a daunting undertaking. Between securing a down payment, working with the bank, and in some cases, interviewing with a COOP board, purchasing a home can often take months. In this article we’re going to specifically talk about securing a mortgage but …
the ultimate guide to student loans The student loan debt crisis is in the trillions, surpassing credit card debt in America for the first time in history. Too often, young students are confronted with massive student loan debt, signing on without actually understanding the terms. In this article we’ll break down the different types of …