Skip to main content
Updating results

Lender

Q: I purchased a house and several years later got a home equity line of credit. I remortgaged the house several times along the way. For each of these transactions, I received a folder filled with documents related to each loan and probably have a couple hundred pages including appraisals, addendums and other documents.

  • Updated

A bad credit score can make it difficult for you to qualify for a loan. If your score is too low, this increases the chances of having your loan denied. And even if a lender approves your loan, you will likely be charged a higher interest rate. Since lenders often use different credit scoring models […]

  • Updated

Most people think of a personal loan as a short-term financing method with terms typically ranging from two to seven years. Borrowers use these versatile loans to fund home remodels, pay for medical expenses or even to consolidate credit card debt. But did you know that long-term personal loans also exist? Here’s what you should […]

  • Updated

Point-of-sale (POS) financing is a convenient lending option that lets consumers make purchases with incremental payments. Retailers partner with third-party lenders—like financial technology companies Affirm, Afterpay and Klarna—and then integrate those lending services into the checkout process. POS financing typically has less stringent eligibility requirements than traditional financing, and many lenders offer a 0% annual […]

  • Updated

Understanding what happens to your debt when you die is an important part of estate planning—and you don’t have to be rich to have an estate. Everything you own and owe makes up your estate. For many people, that includes a house with a mortgage. The median housing-related debt of a 65- to 74-year-old borrower […]

  • Updated

Between credit cards, student loans and auto loans, it can be difficult to keep track of payments and balances on outstanding debts. Consolidating these debts into a single loan may streamline your finances, but the strategy likely won’t fix underlying financial challenges. For that reason, it’s important to understand the pros and cons of debt […]

  • Updated

As a borrower, waiting for closing can feel like agony—especially if you’re trying to close on a house and you’re ready to move, or if you urgently need the savings a refinance will give you. Throughout most of the closing process, you’re waiting on other people, and you often don’t know how far along they […]

Q: There are thousands of seniors like us who are “stuck” in their homes because they do not “qualify” for a mortgage, let alone a refinance of their existing mortgage. All our funds are tied up in our houses or condos and we’re barely surviving on our monthly Social Security checks.

  • Updated

If you’re tired of paying more in rent than you would on a mortgage for a modestly priced home, it might be time to look into a small-dollar mortgage. You may have to shop around to find a lender that offers small-dollar mortgages, but some partner with nonprofits or create their own loan programs to […]

A couple of weeks ago we wrote a column about real estate taxes and real estate tax escrows. Most homeowners pay their property tax bill via an escrow with their lender, but that doesn’t always work out as it should. We wanted to share a few of the comments we received.

  • Updated

Q: I have a question about what happens to your real estate taxes when you pay off your mortgage. When you have a mortgage, the payment to the lender includes real estate taxes and insurance. Once you pay off your loan, how do taxes get paid? Is it better to pay off your loan or keep a loan so that the taxes keep getting paid? Do property taxes rise when you pay off your loan?

Get up-to-the-minute news sent straight to your device.

Topics

Breaking News

News Alert