2021-07-22 11:17
Owning a home is an integral part of the American dream — and homeownership may be possible even if you earn a lower income. There are low-income mortgage programs available that aim t… Read More
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Credible Resource Center Blog
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loan
mortgage
cashout refinance
refinance
private mortgage insurance
student loan refinancing
personal loan
cashout
federal student loans
equity
A multi-lender marketplace connecting borrowers to the right information for student loan refinancing, student loans, and personal loans.
2021-07-21 21:51
Content provided by Credible. Credible Operations, Inc. NMLS# 1681276, “Credible.” Not available in all states. www.nmlsconsumeraccess.org.
Refinance rates have been a great deal… Read More
2021-07-21 17:18
Dear Credible Money Coach,
I’ve owned my home for a year now and my PMI payments are quite high. Is there a way, without refinancing, to get the bank to take the PMI off? I really want… Read More
2021-07-21 17:10
Dear Credible Money Coach,
This is my situation:
Credit score range 655 to 677
No late payments over 30 days since October 2020
Two open loans (money used to pay toward household bills since… Read More
2021-07-21 17:05
Dear Credible Money Coach,
My daughter is one year away from finishing her masters, but needs a student loan for $30K to pay for her one-year master’s program. She doesn’t have a… Read More
2021-07-19 12:34
Buying a home is the largest one-time purchase for most Americans. As a result, some first-time homebuyers might need a cosigner to qualify for a mortgage.
Mortgage lenders may require a cos… Read More
2021-07-19 11:33
Many people want a second place to use as their dream retirement home, a vacation home, or an investment property. Utilizing a cash-out refinance can help you afford the down payment on a se… Read More
2021-07-13 19:22
Every homeowner has their own reason for considering a cash-out refinance, but some popular ways to use your home equity as a financial tool include home repairs and renovations, refinancing… Read More
2021-07-13 18:24
Student loan refinance rates for 10-year loans continued to linger near yearly lows during the first week of July after sinking to record lows in June. Meanwhile, rates for 5-year loans inch… Read More
2021-07-13 12:45
Credit card debt can be a major burden. While total credit card balances fell by $49 billion in the first quarter of 2021, U.S. households are still struggling with a collective $77 billion… Read More
2021-07-12 12:53
LendKey and Earnest are two student loan refinancing companies that both offer fixed- as well as variable-rate loans and a 0.25% autopay discount. Either lender might be a good choice if you… Read More
2021-07-12 12:07
Missing payments on student loans can severely impact your credit. However, the more time that passes, the less of an effect that these missed payments should have on your credit overall.
Ad… Read More
2021-07-07 18:23
Your student loan interest rate is a percentage that represents how much you’ll pay in interest charges each year — essentially the cost of borrowing money.
The interest rates on… Read More
2021-07-06 18:26
After you apply for a mortgage, the lender will evaluate your application and financial documentation to verify that you meet its requirements for loan approval.
If the lender finds informat… Read More
2021-07-06 14:57
Refinancing your student loans is the process of paying off your old loans with a new one — leaving you with just one loan and payment to manage. Through refinancing, you might be able… Read More
2021-07-06 12:50
Canva
While the full economic impact of the coronavirus can only be revealed in the months and years ahead, one thing is fairly likely: Rebuilding the nation will depend largely on how well… Read More
2021-07-02 12:38
Generally, going to school in your home state will likely be much less expensive than attending an out-of-state school. One of the biggest factors that affects this cost is tuition — t… Read More
2021-07-02 12:00
When refinance demand spikes, the process slows down. According to the latest data from ICE Mortgage Technology, refinance closings can drag on for about seven weeks on average.
But you can… Read More
2021-07-01 18:45
Investing in real estate can be daunting. The right property isn’t always easy to find, and financing can be just as difficult to come up with. For beginner investors, one solution mig… Read More
2021-07-01 18:13
You’ll typically need good to excellent credit to qualify for a personal loan — which means you might have a harder time qualifying if you have a credit score of 550.
However, th… Read More
2021-06-30 19:07
As a homeowner in a market where mortgage rates are low and home values are high, you might be tempted to cash out your home equity to use as investment capital. You could use the money to i… Read More
2021-06-30 15:26
Bargain-hunting homebuyers sometimes consider short sales in the hope they’ll find a property selling for less than market value.
In fact, short sales do sometimes sell for less than c… Read More
2021-06-29 19:47
Joining a sorority or fraternity can be a great way to network in college and after graduation — but it can also be expensive. With chapter dues as well as the price of attending socia… Read More
2021-06-29 19:00
When you’re getting ready to purchase a home, it makes sense to learn everything you can about the history of the properties you’re interested in.
Conducting a search on public p… Read More
2021-06-29 18:41
If you’re not a U.S. citizen, it might be more difficult for you to qualify for a personal loan from a U.S.-based lender. However, there are several lenders that offer personal loans f… Read More
2021-06-28 16:41
Paying off $400,000 in student loans — such as from law or medical school — can be a major challenge.
For example, say you’re on a standard 10-year repayment plan with a 6… Read More
2021-06-28 12:07
Applying for a private student loan with a cosigner could help you get approved if you have poor or even no credit. It might also save you money by qualifying you for a lower interest rate t… Read More
2021-06-25 19:04
If you’re about to search for a new home, getting pre-approved is a good step to take. A pre-approval gives you an idea of how much you can borrow and could even grant you a competitiv… Read More
2021-06-25 18:26
If you’re a homeowner who’s at least 62, you may be able to use the equity in your home by taking out a reverse mortgage. This may be a good option if you want to supplement your… Read More
2021-06-25 18:18
A successful retirement requires thought and planning. This is especially true when it comes to housing costs, which can eat up a big chunk of your expenses. As such, you’ll need to de… Read More
2021-06-25 12:43
You’ve probably spent a lot more time at home than usual over the last year and a half. So, if you’re tired of looking at the same old stuff, it might be time for a change.
From… Read More
2021-06-23 14:25
If you’ve got a large student loan, it could make sense to pay it off using the money from a cash-out refinance. This is usually known as a “student loan cash-out refinance.&rdqu&hell…Read More
2021-06-23 13:18
While becoming a pilot could be an adventurous career, it can also be expensive. Just earning a private pilot’s license can cost over $11,000, while the tuition to earn a commercial pi… Read More
2021-06-21 19:52
One of the most common pieces of advice offered to prospective homebuyers is to get pre-approved for a mortgage. However, many buyers aren’t aware how long the pre-approval process tak… Read More
2021-06-21 19:22
Getting a home equity loan for debt consolidation might be a tempting option. After all, a second mortgage is a cheap way to borrow money compared to the average credit card.
But turning oth… Read More
2021-06-21 14:18
If you have high-interest credit card debt, consolidating that debt could help you save money and even repay your balances faster.
One way to do this is through a personal loan — this… Read More
2021-06-11 16:42
When purchasing an investment property, a condo can be an attractive choice, especially to first-time investors. They generally cost less than single-family homes and can be easier to mainta… Read More
2021-06-09 16:47
A debt consolidation loan is a type of personal loan that lets you combine multiple debts and leaves you with just one loan and one payment to manage. You might also qualify for a lower inte… Read More
2021-06-08 21:22
If you’re feeling overwhelmed by credit card debt, you’re not alone. Most adults in the U.S. have at least one credit card account, and the average credit card balance was $5,313… Read More
2021-06-08 20:59
When you don’t make payments on a student loan, your loan could end up in default. If you’ve defaulted on a student loan, there are a few ways that could help you recover —… Read More
2021-06-08 16:04
If you’re trying to decide on a mortgage term, you might be leaning toward the most popular option: the 30-year mortgage. Almost 78% of new mortgages in December 2020 were 30-year fixe… Read More
2021-06-07 17:30
Applying for a mortgage can be one of the most stressful parts of buying a home, especially when your financial situation doesn’t neatly fit the standard underwriting guidelines set by… Read More
2021-06-07 16:00
Canva
County in every state with the lowest home prices
The real estate market is booming right now thanks to low interest rates, a flood of millennial buyers, and shrinking inventory. The m… Read More
2021-06-07 12:27
When you have a mortgage, you might decide to refinance the loan or pay it off early to save money. But doing so may incur a prepayment penalty, which is a feature you should be aware of whe… Read More
2021-06-04 20:51
When home values soar, real estate investors may want to cash out the equity they’ve built up. Cash-out refinancing on investment properties can help you pay for home improvements, gro… Read More
2021-06-04 18:37
Facing a stack of bills can feel overwhelming, especially with multiple due dates, amounts, and interest rates to keep track of. One option to more easily manage your bills is to take out a… Read More
2021-06-03 16:26
Finding the perfect house can be difficult, especially when inventory is tight. If the homes in your intended area are too big, too small, or not quite right, you might consider building a h… Read More
2021-06-02 21:59
During the pandemic, interest in home projects climbed as home became the center of work and play. In a recent HomeAdvisor survey, 41% of consumers took on home improvement projects to bette… Read More
2021-06-02 19:56
A rental property can be a great source of income — and it provides some nice tax benefits too.
By taking certain rental property tax deductions, you can reduce the amount you owe to t… Read More
2021-06-02 16:46
For many people, homeownership provides opportunities to live more comfortably and put down roots. However, there are also tax benefits that come with buying and owning a home.
From the abil… Read More
2021-06-01 18:24
When deciding how much to offer on a house, you might feel like you’re walking a tightrope. Offer too little, and you could lose out on a great home. Offer too much, and you might acci… Read More
2021-05-28 14:56
If you’re looking for the perfect mortgage lender for your situation, you have many more options to consider than your nearest bank or credit union.
Some alternatives might even make i… Read More
2021-05-28 14:38
If you’re a homeowner, refinancing can give you a chance to save money with a lower interest rate, cash in on your home equity, or adjust your loan terms. But the drawback is that your… Read More
2021-05-26 14:54
You’re looking forward to retirement, but there’s one problem — you still have a mortgage to pay. And you’ve probably wondered if you should pay it off before you ret… Read More
2021-05-25 17:51
If you take out a personal loan, you’ll typically make fixed monthly payments until the loan is paid in full — plus interest. But if you get an interest-free personal loan, you w… Read More
2021-05-21 15:42
If you’re about to take out a home loan, it’s important to understand the differences between a fixed-rate and adjustable-rate mortgage (ARM).
For instance, you might be wonderin… Read More
2021-05-21 14:52
Homeowners who are considering a mortgage refinance are usually told it makes sense if they can shave at least 0.75% off their mortgage interest rate. But is it worth refinancing for 0.5% or… Read More
2021-05-21 14:31
A capital improvement is any permanent addition or alteration that adds to the value of your home or adapts your home to a different use. Whether these improvements are made to your primary… Read More
2021-05-20 17:21
There are several possible end goals when it comes to refinancing your student loans. For example, maybe you want to get a lower interest rate, reduce your monthly payments, or pay off your… Read More
2021-05-20 16:34
A common requirement when applying for a personal loan is proof of steady income. This could be a challenge if you’re self-employed, especially if your income is irregular or difficult… Read More
2021-05-20 14:37
College can be an expensive investment: The average cost of college for an in-state student at a public college is $25,890 per year and the price goes up to $41,950 for an out-of-state schoo… Read More
2021-05-20 13:48
Paying off a $150,000 student loan balance can be a major challenge. Under a standard 10-year plan, your payments could end up being very high and difficult to manage. If you had a 7% intere… Read More
2021-05-19 16:45
A balloon mortgage might be appealing when it offers a lower mortgage rate — and therefore a lower monthly payment — than a conventional fixed-rate loan.
Since many homeowners do… Read More
2021-05-18 14:39
Pull up any set of home listings, and you might feel overwhelmed by your options. One single-family home may be within your price range, but you might love the amenities at a nearby condo bu… Read More
2021-05-18 13:46
If you have a personal loan, you might wonder whether you can refinance it. For example, maybe you want to get a lower interest rate, reduce your monthly payment, or change your repayment te… Read More
2021-05-18 12:53
There are two ways to pay your mortgage with a credit card. Both cost money, time, and effort. So although the option might be tempting since you can earn rewards, it’s not always wort… Read More
2021-05-13 19:33
You don’t have to refinance with your existing mortgage lender. In fact, switching could actually save you money — that’s why it’s important to shop around and compar… Read More
2021-05-12 19:42
Student loan refinancing lenders often require borrowers to make a minimum amount of income to be eligible for refinancing — which means your options might be limited if you don’… Read More
2021-05-10 23:51
Brian Goodman // Shutterstock
Metros where homes are selling the fastest
So much of life was slowed or halted altogether by the COVID-19 pandemic, from school plans to job changes to travel… Read More
2021-05-10 19:28
Nelnet is one of 10 different companies that are contracted as federal student loan servicers by the government. It also offers private student loan products — including both private s… Read More
2021-05-06 13:22
You’ll incur many costs beyond the purchase price of the home — closing costs, homeowners insurance, and broker fees, to name just a few. One expense you might often overlook is… Read More
2021-05-05 12:33
With a 401(k) loan, you can access the money you’ve set aside for retirement in a 401(k) account. This makes it a little different from a standard loan since you’re borrowing you… Read More
2021-04-29 16:19
There are a few types of lenders that offer private student loans, including banks, credit unions, and online lenders. In some cases, getting a student loan from a bank might be the right ch… Read More
2021-04-29 13:08
Deciding to buy a home might be simple, but the process of getting a home loan can be complex and full of unfamiliar mortgage terminology. That’s why we’ve broken down some of th… Read More
2021-04-28 14:44
Buying a home is stressful. Fortunately, choosing the right mortgage lender can help alleviate that stress.
A mortgage lender known for its good service, low rates, and a variety of loan opt… Read More
2021-04-28 13:35
Most homebuyers don’t spend a lot of time learning how to choose a mortgage. After all, looking for the right property is the fun part.
But it’s important to know how to pick a m… Read More
2021-04-27 12:51
Because credit unions are nonprofit organizations, they sometimes offer lower rates and more favorable terms on loans compared to banks. This might make a credit union a good choice if you n… Read More
2021-04-26 16:39
If you’re struggling to make your monthly debt payments, then you might consider consolidating your debt or even filing for bankruptcy.
Debt consolidation allows you to combine all of… Read More
2021-04-21 13:53
While owning a home is a big step that requires high upfront costs, there are plenty of long-term advantages that aren’t always obvious. Aside from getting a place to call home, buyers… Read More
2021-04-20 19:49
If you want to buy a home, you’ll need to know how to save for the biggest upfront cost — the down payment. Some loans don’t require any down payment, but you’ll typi… Read More
2021-04-19 17:20
You might be wondering how to buy a house right now. With COVID-19 vaccinations well underway, the end of the pandemic appears to be within reach. But the real estate market may not return t… Read More
2021-04-19 15:11
Due to the COVID-19 pandemic, some lenders are offering coronavirus hardship loans. These are small personal loans that typically offer low interest rates, short repayment terms, and quick f… Read More
2021-04-19 13:06
Home improvement projects skyrocketed in popularity throughout 2020, fueled by homeowners who were stuck at home and motivated to tackle longstanding to-do lists. According to a recent HomeA… Read More
2021-04-19 13:03
When you’re shopping for a home loan, you’re bound to come across two numbers: the interest rate and the annual percentage rate (APR).
These numbers help you determine how much y… Read More
2021-04-16 17:37
The monthly payment isn’t the only cost you’ll want to think about when taking out a mortgage. To gauge the real cost of your loan, you’ll need to think about interest, too… Read More
2021-04-16 17:01
An adjustable-rate mortgage (ARM) is a type of mortgage where the interest rate can change at regular intervals following an initial fixed period. With a 3/1 ARM, the initial interest rate r… Read More
2021-04-14 16:11
The ongoing financial impact of the COVID-19 pandemic has left many people scrambling to handle their monthly bills — including federal student loan payments. However, the good news is… Read More
2021-04-14 13:24
Every homeowner wants to see their home value increase. If you plan to move, home price appreciation gives you the chance to sell at a nice profit. If you stay, higher home values give you m… Read More
2021-04-13 13:33
Credit is one of the main components of qualifying for a mortgage — and while some buyers have built a long credit history, others are just getting started. First-time homebuyers are l… Read More
2021-04-09 16:42
If you’re shopping for a mortgage, one of your goals is to probably find as low of a rate as possible. An adjustable-rate mortgage (ARM) can be one way to secure a lower rate — a… Read More
2021-04-09 14:38
A renovation mortgage is a type of mortgage that includes funds for home repairs and improvements. Maybe you want to move into a neighborhood with stellar schools, but the only way you can a… Read More
2021-04-09 13:46
A mortgage payment is typically a homeowner’s largest bill, and it can be the most difficult one to pay during a period of financial hardship. Lenders often work with homeowners to hel… Read More
2021-04-08 19:24
The COVID-19 pandemic has had a negative impact on the employment and income of many people. If you need to borrow money to cover expenses during this time, you might wonder if you can still… Read More
2021-03-31 19:27
Before you start shopping for homes, you’ll want to get pre-approved for a loan. By getting pre-approved, you’ll demonstrate to the seller that you’re a serious and qualifi… Read More
2021-03-30 18:35
Life insurance offers a guaranteed benefit to the policyholder if they die while the insurance is in place. This means the beneficiaries you list on a life insurance policy will be protected… Read More
2021-03-30 16:54
Attending law school can be pricey, with the average law school debt coming in at $134,600. This amount of debt can feel overwhelming, but there are a few strategies that could make it easie… Read More
2021-03-26 17:51
When shopping for a mortgage, it’s common to look for fixed-rate loans. However, adjustable rate mortgages (ARMs) may offer lower interest rates — because the rate will adjust af… Read More
2021-03-26 13:59
Due to the COVID-19 pandemic, the government has temporarily paused interest and payments on federal student loans through the CARES Act. However, you might be wondering if coronavirus has a… Read More
2021-03-26 12:58
When you buy a house, there’s a chance you’ll need to share a portion of your land — such as a private road or path — with someone else. An easement grants someone th… Read More
2021-03-26 12:17
One of the ways to save on interest, at least at the beginning of your mortgage, is to get a 5/1 adjustable rate mortgage (5/1 ARM). With a 5/1 ARM, you have a fixed rate for the first five… Read More
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