Tag: mortgage

• Chapter 32: Credit Scores

  

  Big Banks Control My Scores? Having a good credit score is a successful way of proving that you can pay back your debts. It rewards good borrowers by giving them a discount on interest, access to premium credit cards, and larger lines of credit. Many people seem to disagree with this system and calling it…

  Pablo

  December 17, 2023

  Credit

  asset, Banks, borrowing, Credit, Credit History, CreditCards, debt, Equifax, Experian, FICO, Lenders, liability, loan, money, mortgage, Payment History, Personal Finance, saving, savings, Score, Transunion

• Chapter 26: The 2024 Housing Crash?

  

  In the year 2023 housing prices have been soaring, with that mortgage interest rates have also been going up from the high 6% to a staggering 8%. To make it worse mortgage demand is the lowest it has been in over 30 years. (source: MBA Purchase Index) This means that if nobody is buying a…

  Pablo

  November 5, 2023

  Housing

  appreciating, apy, asset, buying, cash, debt, down payment, finance, home, house, housing crash, Interest, Investing, liability, loan, market, market crash, money, mortgage, real estate, rent, renting, saving, savings, wealth, yield

• Chapter 21: Soaring Interest Rates

  

  What’s Going On? Times are becoming tougher and we are all starting to feel the effects of inflation. Right now with soaring interest rates, it’s making it really difficult to borrow money. We have to think twice before we make a big purchase or end up paying the price. Credit card interest rates are at…

  Pablo

  October 1, 2023

  Personal Finance

  APR, asset, car, debt, finance, inflation, Interest, liability, money, mortgage, saving, savings, wealth