Is it hard to get a mortgage when self-employed? If you’re self-employed and eyeing that dream home, you’ve probably asked this very question. The good news, though, is that while getting a mortgage in this scenario may involve a few extra steps, it’s absolutely doable. Each year, ...
A side hustle is anything you do to earn money outside of your regular job. This might include signing up for DoorDash or Instacart, or perhaps freelancing and building a passive income stream. (Related: How to become a freelance writer and earn extra money in your spare time.) I firmly believe ...
What is a mortgage refinance? Refinancing a mortgage is the process of applying for a new mortgage to replace an existing one. The new mortgage pays off the old loan, and in most cases, the new loan has better terms. However, a refinance isn’t as simple as calling your bank and asking for a ...
What are the pros and cons of increasing your credit card limit?! When you receive a credit card you’re given a credit limit which is the maximum amount of money you can borrow. In general, credit card limits can increase over time, depending on your credit score, income, and other ...
Mistakes to avoid when using a rewards credit card?!? Using a rewards credit card can be a smart way to earn perks like cash back or travel rewards. However, there are common mistakes that can negate the benefits of using these cards. It’s important to avoid these pitfalls to maximize ...
What documents do you need when applying for a mortgage? Before meeting with a mortgage lender and starting the home buying process, it’s important to understand the documents needed for a home loan or mortgage pre-approval. Getting a home loan involves a lot of paperwork, so be prepared to dig ...
How to save a down payment for a house while renting? Today, most mortgage programs require a minimum down payment between 3% and 5%. So if you’re thinking about buying a $400,000 house, be prepared to spend between $12,000 and $20,000 for a down payment – and this doesn’t ...
How to save money to buy a house? Do you need to save money to buy a house? Coming up with enough cash for a down payment and closing costs can be intimidating. The minimum down payment to buy a house ranges from 3% to 5% of the sale price, plus you’ll need another 2% to 5% for closing ...
15 First-time homebuyer mistakes to avoid!!! It’s not uncommon for first-time homebuyers to make mistakes like house hunting before getting pre-approved, overspending on a property and ignoring their credit. This is to be expected. The truth is, buying a home is more complicated and complex ...
Whether you’ve had credit for years or you’re just starting out, avoiding common credit card mistakes is the best way to maintain a good relationship with credit. Despite credit cards being a tool for building a credit history, consumers don’t always agree on their usefulness. Some people live ...