Personal loans used to be considered a last resort to resolve cash flow issues. Today, according to the U.S. Chamber of Commerce, personal loans are the fastest growing lending vehicle in the nation. Personal loans are appealing partly because of their flexibility. They can be used for almost any purpose, whether to fix up a […]
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The first time I ever had to verify my income had nothing to do with a loan application. I was sitting in a real estate office trying to rent my first apartment in New York City. It was 2011 and Iâd moved here for an incredibly low-paying job straight out of college. Thankfully, I did
The post Your Verified Income, Explained appeared first on MintLife Blog.
Itâs one of the more common dilemmas these days â you graduated college and youâre ready to start a family (or at least buy a home for your dog), but student loan debt is holding you back. Further complicating this is the fact that student loans are paid off in all types of different ways,… Read More »Freddie Mac Revises Student Loan Guidelines
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Buying a home may be one of the most important financial decisions you make in your lifetime. There are so many ways that buying a home will affect your personal life and your finances. Youâre selecting the place where youâre going to spend a long part of your life, and where youâre going to make
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If you are working on building your credit, you may be interested in cosigning or getting a cosigner for your own credit application. In some cases, you may not be able to get approved for a loan if you don’t have any credit history. If that’s the case, one way that you can help build […]
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As most University of California campuses start classes this month, the acute shortage of affordable housing is pushing many students into desperation, including living in trailers or working multiple jobs to cover high rents.
Today weâll discuss the key differences between a mortgage co-borrower and a mortgage co-signer. While the two phrases sound pretty similar, and are sometimes used interchangeably, there are important distinctions that you should be aware of it considering either. In either case, the presence of an additional borrower or co-signer is likely there to help… Read More »Mortgage Co-Borrower vs. Co-Signer
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The increase in the conforming loan limits for 2023 pulled over 2 million homes out of the jumbo financing market, a Zillow Home Loans analysis found. On Jan. 1, the baseline single-family conforming limit rose 12% to $726,000, with the limit in high-cost areas approaching $1.1 million. The Federal Housing Administration’s high cost limit also … [Read more…]
Credit references are documents that verify your credit history. They can come in the form of a credit check report, asset documentation, or character references. Limited or adverse credit history can potentially impact your rental application. If you have poor payment history, a low score, or little to no history â your chances of getting […]
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