When you were younger, you likely thought that your parents had the magical ability to get anything they wanted by swiping a card or handing over a few bills. But then one day, they explained why they couldn’t buy you a Barbie or toy truck every time they went to the store and you realized […]
Owning investment property can generate a steady stream of income each month, but most people will need financing to make that a reality. Qualified borrowers can use mortgages specifically designed for investment properties, hard money loans, home equity, or seller financing to help them become a real estate investor.
The amount of money you have set aside for a down payment, the mortgage rates your credit score qualifies you for, and the desired length of your mortgage loan term will impact how much house you can afford. You need to consider ongoing costs as well since homeowners have many regular expenses.
Loan underwriting is a process that lenders use to assess your credit risk and decide whether to issue loans such as mortgages, personal loans, auto loans, and private student loans. The personal documents required for the underwriting process vary by type of loan.
In a survey of 1,000 millennials, LendEDU found that many members of this generation carry all types of debt, a lot of it, and it was across all income levels.
“If only I had a million dollars in the bank.” Who hasn’t pondered that at one time or another? But have you ever wondered how much interest one million dollars earns per year? Interest rates on savings vehicles are currently still pretty low – ranging from a paltry 0.01 percent in a bank savings account to a […]
A survey of over 7,000 college students uncovered concerning data regarding how colleges prepare students for the "real world."
Surveying 1,000 Millennials split evenly between three income brackets, LendEDU gauged how this generation perceives wealth.