The average new car loan hit a record high of $31,099 while used auto loan spiked to about $19,589, the CNBC reports. That means many Americans are borrowing money more than ever to buy used and new cars. Given the price of the loans, though, it’s clear that the...
Refinancing brings many challenges and changes to how you handle your mortgage and debt. From how you pay, to the monthly amount that you pay, to how long you have to pay it, and so on. However, not everything is affected by this change. There are aspects of mortgage...
Many people don’t know the difference between a mortgage broker and a mortgage lender. Essentially, one is a path to the other. A mortgage lender is someone who actually loans you the money that you need to purchase a home. A mortgage broker, on the other hand, is...
In Florida, a homeowner's association provides a master policy for condo communities. The master policies provide coverage for common areas and the exterior of the condos. The condo owner is required to purchase their own policy to cover the rest of their property. A...
Buying a home is a long-term financial commitment. Are you up for the challenge? Here are a few tips to make the process easier: Get financing first Don’t shop around for a home just yet. Get financing first. In case the lender approves an amount that’s lower than...