One of the biggest stories over over the last few years was Target’s data breach in 2015, where credit and debit card accounts of more than 40 million customers were stolen. That theft was said to be the second-largest credit card breach in U.S. history. According to a Kens5 story, the stolen data included customer
Self-Employed and Want a Mortgage? Tough, But Not Impossible If you’re self-employed and in the market for a new home, get ready for some extra challenges when you apply for a mortgage. Although you’re likely in better financial shape than most, that doesn’t mean lenders won’t make you jump through extra hoops. It’s hard not
Good credit scores are required for many monetary transactions that any adult may have to undergo. A good example of these transactions would be the need for someone to apply for a mortgage loan. All types of loans would make the bank or lending company investigate your credit history. Because of this fact, it is
Owner Finance vs Rent-to-Own Owner-Financed Homes Purchasing a home with owner financing allows buyers to avoid dealing with traditional mortgage lenders and instead borrow money directly from the seller. When to Consider an Owner-Financed Home This option benefits people who may not qualify for a traditional bank loan, because of credit, income, or job history.
A traditional home loan is the most common type of financing in real estate. These loans usually have strict lending requirements, including credit score and income amounts. They also require a sizable down payment, usually 5-20%. Various federal programs exist to help you if you don’t quite meet the bank’s requirements for a conventional loan.