Should You Refinance Your Mortgage When Interest Rates Rise?
May 26, 2025 Kelly Walker
Interest rates on mortgages are rising - should you refinance and take advantage of this opportunity? Find out what to consider before making your decision with our expert advice.
What is Student Loan Bankruptcy
May 26, 2025 Kelly Walker
Student loan discharge is more difficult than other kinds of unsecured loans. You must file an additional adversary proceeding to discharge student loans in bankruptcy. Consider alternatives such as forbearance, deferment, or income-driven repayment before filing for student loan bankruptcy.
PenFed Personal Loans Review
May 26, 2025 Kelly Walker
PenFed offers a variety of loan products for different financial needs, including home repairs, medical bills, vacations, weddings and special events, and car repairs.Get competitive interest rates, flexible payment terms and fast funding when you apply for a loan with PenFed today.
Buying a Home: The Difference Between Cash vs. Mortgage
May 26, 2025 Kelly Walker
This article discusses the pros and cons of paying cash for a house. Learn about current mortgage rates and how to decide if you should use cash or take out a loan to purchase a home.
What Is the Maximum Conforming Loan Amount?
May 26, 2025 Kelly Walker
The maximum amount a lender can lend to a borrower and still sell the loan to government-sponsored enterprises like Fannie Mae and Freddie Mac is called the conforming loan limit. The FHFA determines it and shifts with the market as measured by median home price changes. To maintain a steady mortgage market and safeguard American taxpayers, the FHFA establishes and annually revises limitations for each county in the country. The average countywide limit for a single-family house in 2021 is $548,250.
How Mortgage Points Work
May 26, 2025 Kelly Walker
Mortgage points are utilized throughout the loan closing procedure and are included in the closing expenses. Origination points are mortgage points used to pay the lender for the construction of the loan itself, while discount points are mortgage points used to purchase a lower interest rate on a mortgage.
10 Best Small Personal Loan Options for 2020
May 26, 2025 Kelly Walker
This provides an overview of 10 small loan options available in 2020, from traditional bank loans to retirement account loans