Blogs

In the last several decades, it’s getting easier for people to take loan for their personal and professional needs. The growth of the credit market and the rising lenders in the market made lending an industry in the financial sector. Moreover, for many households, the sum of their annual income is lesser than their total […]

The main motive of credit score is to help financial risk managers and lenders make fair decisions on whether or not to “take a risk” of giving loan to someone. Credit scores is the financial tool that is designed to predict the likelihood that individuals will pay their bills as agreed. Credit scores are only […]

What is a Credit Score? A credit score is a three digit varying number from 300 to 900 that represents an individual’s reliability and creditworthiness. When you borrow money from a creditor, certain information regarding your credit is shared with a credit bureau. All the information related to your credit, such as whether you’ve paid […]

Generally lenders set a standard rate, which is also called the standard variable rate of interest. As the name suggests, it’s the common rate that is offered to mortgage customers. However, lenders often offer a variety of discounts on the standard variable rate depending upon the borrower’s case of ideality. These factors help a borrower […]

If you’re looking for home the most important step to take at this stage is to get preapproved for mortgage. You’d have to consult a lender and obtain a pre-approval letter that gives the opportunity to discuss loan and budgeting with the lender. This step plays a vital role in your house-hunting budget and the […]

The mortgage loan process can seem daunting and intimidating, especially for the first time home buyer. Fortunately, you don’t have to do it alone. Your real estate agent and mortgage loan officer will help you in the process. But it important to know what’s coming at each stage of the process, so you can get […]

Fixing your credit score is about ensuring your eligibility for lower interest rates and better terms. You may need a good credit score for borrowing money for personal reasons such as home loan, a car loan, to get a credit card, or for professional/business motives such as purchase inventory, new hiring, managing operations, etc., to […]

Fixing your credit score is about ensuring your eligibility for lower interest rates and better terms. You may need a good credit score for borrowing money for personal reasons such as home loan, a car loan, to get a credit card, or for professional/business motives such as purchase inventory, new hiring, managing operations, etc., to […]

Damaged credit history badly influences your financial goals. It makes it more difficult for you to obtain loans and credit cards. If you do get a loan it is important for you to keep this in mind that people with bad credit standings usually have to pay higher rate of interests than people with good […]

The case of bad credit initiates when the lender or creditor reports the information to the credit bureaus for making late payments or defaulting on payments altogether. The information is recorded in the individual’s credit report which is used by the lenders and creditors to make decisions on whether or not to extend credit to […]

If you’re in the market looking for home, you’re not just in the home market; you’ll also find yourself in the market for mortgage loan. When the borrower starts looking for lender to borrow a mortgage from, most of them are inclined toward the lender that gives the lowest interest rate in mortgage. Low interest […]