Tag Archives: credit

Buying A Home Benefits Your Credit

Buying a Home Benefits Your Credit

Need A Credit Boost? Buy A House It has long been known that buying a house is one of the best things you can do for your financial future. Homeownership has been shown to be a critical part of wealth building, and generations of Americans have turned to their homes to build out their financial

U.S. Homeowners Are Dropping In Numbers

U.S. Homeowners Are Dropping In Numbers

A report from the U.S. Census Bureau revealed a surprising truth: the rate of homeownership is at its lowest point in over twenty years. In fact, in Quarter 1 of 2015 just 63.8 percent of people owned their homes. This is a decrease from 64.8 percent in the first quarter of 2014. This rate is

BE MINDFUL OF YOUR HELOC – PRINCIPLE PAYDOWN IN FUTURE?

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While the housing market is showing signs of picking up across the country, housing experts warn of a new concern for home owners: resetting home equity lines of credit. Home equity lines of credit often require low payments in the initial years as home owners only pay the interest on these loans at the onset.

ARE YOU “CREDIT SCORE” SAAVY?

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The majority of Americans don’t fully understand how credit scores are formulated, according to a survey released by the Consumer Federation of America. That gap in knowledge can cost them when applying for a mortgage too. While the survey showed a big improvement in the last year in the number of Americans knowledgeable about credit