Category Archives: Debt

What You Need to Know about the Different Types of Mortgages

What You Need to Know about the Different Types of Mortgages

When shopping for a mortgage, it is important to know what the different options are and what the implications of each are for the future. The following is an overview of the major different types of mortgage and what each means for the borrower: Conventional vs. Government-Backed Loans Loans that are not insured by the… Continue Reading

4 of the Best Ways that Everyday Investors Can Enter the Real Estate Market

4 of the Best Ways that Everyday Investors Can Enter the Real Estate Market

Real estate is not an investment for everyone, but thinking of real estate solely as purchasing and then renting a property is shortsighted. In today’s market, there are a number of different ways to get involved with the real estate market, even for those who do not have the capital necessary to purchase properties outright.… Continue Reading

Here Are 5 of the Best Tips for Paying off Student Loans Quickly

Here Are 5 of the Best Tips for Paying off Student Loans Quickly

Individuals need to think carefully about the implications of taking out student loans before they sign on the dotted line. Many students have taken out these loans without thinking about how it will affect them in the future, and they have experienced financial difficulty as a result. After all, student loan debt typically cannot be… Continue Reading

5 Simple Things You Can Do to Repair a Bad Credit Score

5 Simple Things You Can Do to Repair a Bad Credit Score

Good credit scores can drop to dangerous levels rather quickly. With only a handful of missed or late payments, one’s score can fall below 600, which severely limits a person’s financial opportunities. People with a score this low may not qualify for the apartment of their dreams and could even pay more for insurance. Interest… Continue Reading

7 Easy Ways to Increase Your Credit Score

7 Easy Ways to Increase Your Credit Score

Several factors go into determining a credit score, and to raise it people should focus on as many of these components as possible. The most important aspect in determining one’s credit score is payment history, but a person’s amount of debt is also important. Other factors include inquiries into credit, the types of credit secured,… Continue Reading

The 5 Steps Involved with Purchasing and Financing a Home

The 5 Steps Involved with Purchasing and Financing a Home

The decision to buy a house is stressful enough without having to contend with the confusing mortgage process, which adds significantly more pressure to the entire situation. Before making the decision to purchase a home, buyers should spend some time investigating the purchasing process, so that they know what to expect and can prepare themselves… Continue Reading

6 Things You Need to Know Before Getting a Student Loan

6 Things You Need to Know Before Getting a Student Loan

One of the biggest sources of financial stress that both parents and their children face is how to pay for college. Even when parents are diligent about saving money, rising costs of education can still make it necessary to take out student loans. Unfortunately, many parents and students take these loans out blindly without thinking… Continue Reading