Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan. Like other kinds of mortgage insurance, PMI protects the lender—not you—if you stop making payments on your...
If you struggle to understand credit repair and the credit repair process, a good way to break it down is to compare it to a high school GPA – or grade point average. Understanding your credit score is the first step to repairing and rebuilding your credit! Your...
Over your lifetime of borrowing, having bad credit could cost you upwards of $300,000. Someone with bad – or even average! – credit will end up paying a significant amount more for Your credit score affects almost everything you do. Having bad credit...
Private Mortgage Insurance (PMI) is insurance required by the lender to protect the lender. PMI is generally required if you put more than 80% of the price of a home on your mortgage. This happens if you do not have atleast a 20% down payment to put on your new home....
Balance-to-Limit ratio is the second largest factor in your FICO credit score. It makes up 30% of your score and is calculated by your current balance of credit compared to your limit. Balance-to-Limit Ratio: 30 for 30 The thing to remember when it comes to your...