Build Credit If You’re New to the US: 8 Ways To Do It
You likely don't have a credit report or rating if you are new to the United States, even if you have good credit before emigration. Credits from other countries will not be transferred to the U.S. credit system, so you will build credit profile from scratch when you arrive. In ...
Buy a Home Now: Some Reasons To Go For It
7 Reasons to Buy a Home Now The coronavirus pandemic has forced many of us to take a break from our typical lives and get used to a new system of working from home, educating children at home, and developing creative ways to entertain ourselves and our family without leaving ...
FICO score and credit score: What is a FICO score?
FICO score is the type of credit score created by Fair Isaac Corporation (FICO) in 1989. The terms "FICO score" and "credit score" are often used interchangeably, but other score brands exist. Credit card issuers and lenders use credit ratings to determine whether your loan application will be approved. Calculation ...
Cosigning a Mortgage Loan: Your Ultimate Guide
Cosigning a mortgage loan can help family or friends buy a house or qualify for better loan terms. Although it may be an excellent measure to help others, you also need to understand the risks you are taking on. Even if the primary borrower never defaults on repayments—the mortgage on ...
Appraisal Contingency: What is It and How Does It Work?
What is an Appraisal Contingency? An appraisal contingency protects homeowners from overpaying for a property in an unstable market. This clause is included in the purchase agreement, and the buyer has the right to withdraw from the transaction if the house's appraisal value is lower than the sales price. When ...
New Mortgage Refinances Option for Low-Income Families
New Mortgage Refinance Option for Low-Income Families If you own a house, there's a new mortgage refinances options by government funding programs that can help you benefit from low-interest rates. The Federal Housing Finance Agency stated that Freddie Mac and Fannie Mae would provide low-income homeowners with a new mortgage ...