For most Americans, credit card debt is an ever-present reality. The total U.S. credit card debt now totals $931 billion. If you only factor indebted households, according to Nerd Wallet, that number leaps to $15,983. These are intimidating figures in and of themselves, but when you consider a typical 15.07% interest rate, many people will be […]
Many homebuyers may not be aware of this, but mortgage interest rates do not fluctuate on a day-to-day basis, but can change throughout the day. Many people in the midst of buying a home may be asking themselves, “When should I lock in my rate?” This is an excellent question with no easy and foolproof […]
Refinancing is a major financial decision. While it can save some major money, rushing in rashly can also come with some major repercussions. Before you decide to refinance your house, you need to know what you’re getting yourself into. To help, we’ve outlined the steps below. 1. Figure out Why This might seem like a […]
According to a Pew Research Poll, 15% of all 25- to 35-year-old Americans are living with their parents. Quite a few of these people are college graduates, and the challenges of the job market and student loans have kept them from leaving the nest. It may be more difficult for college graduates to buy a […]
Mortgages are loans measured in years and decades, and the prospect of paying one off can often seem a bit distant. However, it’s possible to shave years (and therefore dollars) off the total amount of your mortgage. Here are six things you can do to speed up and pay down the biggest purchase of your […]
You’ve made the decision to buy a home, you’ve saved for a down payment, and you’ve been pre-approved by First Option for a mortgage. So what do you do next? What does the approval process look like? Have no fear! Here’s our guide to getting approved for your next big step and getting into your […]
Whether you are looking to refinance or to sell, the appraisal that comes in on your home can have a huge impact on the amount of equity you can pull out. In some cases, the appraisal can even put the sale of a home in danger if the appraisal does not come in at or […]
