Have you been house hunting but struggling to secure bank approval for a loan? Seller financing may provide an alternative option to purchasing a used home when conventional methods don’t work out. This guide will help explain what seller financing entails, the pros and cons to consider, and tips for navigating the process. What is … Read more
Your credit reports contain a massive amount of personal financial information that is used to calculate your credit scores. While credit reporting agencies strive for accuracy, mistakes do occasionally slip through the cracks. Errors on your reports, even minor ones, can negatively impact your creditworthiness and ability to access loans and credit. Fortunately, the Fair … Read more
As the housing market remains competitive, affording a down payment has become a challenge for many first-time homebuyers. Fortunately, down payment assistance (DPA) programs are available in every state to help qualified buyers overcome this hurdle. What is Down Payment Assistance? Down payment assistance refers to financial aid programs that help homebuyers cover their down … Read more
Introduction As the costs of higher education continue to rise year after year, many parents and students struggle with deciding how to pay for college. The two most common options are saving with a 529 college savings plan or taking out student loans. However, each option has pros and cons that are important to thoroughly … Read more
Bankruptcy is a difficult financial situation that many find themselves in at some point. However, declaring bankruptcy can also affect your eligibility for obtaining or maintaining a security clearance. As someone who needs a clearance for their job, it’s important to understand how bankruptcy is evaluated and what you need to disclose. What is a … Read more
Pawn shops provide quick cash for people in need by allowing them to sell or pledge personal possessions as collateral for a loan. However, does using a pawn shop ultimately help or hurt your credit score and financial situation in the long term? What is a Pawn Shop and How Do They Work? Before diving … Read more
When it comes to financing large purchases or consolidating high-interest debt, tapping into your home equity can seem like an attractive option. A home equity line of credit (HELOC) is a popular choice that allows you to borrow against the equity you’ve built up in your home over time. However, a HELOC isn’t the only … Read more
Introduction Purchasing a home is one of the biggest financial decisions a person can make. With the wide variety of mortgage options available, it’s important to fully understand your loan options to make the right choice. One option that is beneficial for many first-time homebuyers is an FHA endorsement loan. FHA endorsement loans are insured … Read more
A 401(k) is a fantastic retirement savings tool, allowing workers to set aside pre-tax dollars and watch their nest egg grow over the decades leading up to retirement. However, life doesn’t always go according to plan, and emergencies can arise that require access to cash, even retirement savings. This is where 401(k) hardship withdrawals come … Read more
Car troubles can strike at the worst times, leaving you with an expensive repair bill and no cash on hand. A vehicle title loan seems like it could provide a quick fix, but is it really the best solution? Before signing on the dotted line, it’s important to understand both the potential benefits and serious … Read more