ARM vs Fixed Rate Mortgages
Buying a home can be quite a confusing process. Especially when it comes to getting a loan to pay for your home. Many people today work to get pre-approved for mortgages before beginning the search for the perfect home.
Pre-approval means you have an overall idea of what kind of budget you can work with when buying a home. It also helps to ease seller concerns when accepting bids if you’ve been pre-approved for the bid amount or greater.
Car Buying 101
No one ever said it would be easy to buy your first car, did they? Chances are you’ve received lots of advice on your way to the dealership – not all of it helpful and much of it conflicting. So, before you take that test drive, there are some things you ought to consider.
Understanding Your Credit Score
Most people believe if they make all of their credit card, car loan and mortgage payments on time, they can expect their credit score to be great. However, focusing on your payment history alone will not give you a complete breakdown of what actually goes into your credit score. There are numerous factors involved in determining a single credit score including:
That new car smell can be absolutely intoxicating, and the comfortable driver’s seat can entice you to lay out your entire savings into a new vehicle purchase. However, the sticker shock can quickly bring you back down to financial reality.
The time has come! You’ve saved for your down-payment. You’ve triple-checked your finances and know your available monthly budget. You even found the perfect car online. Excitement is in the air, along with that new-car smell. And…you’re walking into a trap!