15
Apr 19

The Most Googled Credit Score Questions, Answered by Finance Experts


The best way to find out what consumers want to know most about credit is to do a modern-day anthropological study: Check out their collective browser history!
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07
Apr 19

One Thing That Agents Wish They Could Tell Their Buyers


Have you ever wondered what your real estate agent is thinking — like really thinking? Well, now’s your chance to find out.
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03
Apr 19

Here’s the Real Difference Between a Foreclosure and a Short Sale


Before you invest more (or any) time looking into these types of properties, you should know what the buying process for each looks like.
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22
Mar 19

These Are The Top 3 Reasons You Might Not Get a Mortgage


You thought doing your taxes was a nightmare? Wait until you apply for a mortgage.
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17
Mar 19

Here's the Real Difference Between an IRA, 401(k), Roth IRA, and a Roth 401(k)


They’re all retirement accounts, yes, but what’s the real difference? We break it down for you (with help from a few financial experts.)
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28
Feb 19

This Is How You Get a Perfect 850 Credit Score

In the world of credit, establishing a credit score of 850 is like being granted a lifetime achievement award. Both FICO and Vanguard—widely used credit-scoring models—consider 850 to be the highest possible credit score. The score is perfect. Exceptional. Untarnished. But… is it possible?

The short answer, according to experts: Well, yes. But an 850 credit score takes time and strategy. And, if we’re being completely honest, it may not be all that it’s cracked up to be.

Here’s what you need to know about the exclusive 850 credit score club:

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22
Feb 19

The Worst Savings Advice Experts Have Ever Heard

Even if you’ve just started to save for a big purchase like a home or for retirement, you’ve probably already run into plenty of bad advice. Everyone, especially your family, seems to have an opinion on where your hard-earned money should go. But not everyone knows what they’re talking about. (Sorry, Nana!) Luckily, five money experts weigh in on the worst savings advice they’ve ever heard. Better still, they’ll tell you how to fix it:

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18
Feb 19

This Is What Happens to Your Credit Score When You Only Use Your Debit Card

Maybe you’re afraid of racking up too much debt. Or, perhaps you fall into an “anti-credit card” category who loathes the potential of paying interest. It could just be that your debit card is at the front of your wallet and, by default, gets swiped far more than your credit card.

Whatever the reason, if you rely solely on your debit card for purchases—and, as a result, snub your credit card—you may have wondered how it affects your credit score—especially if you’re staying away from it in order to save up more cash for a down payment on a home. We asked financial experts to explain what happens when your credit card is idle, or doesn’t get used at all. Here’s what they have to say:

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17
Feb 19

7 Money-Making Apps to Download Right Now

Coming up with a down payment for your first home is no easy task. In fact, according to a recent study from HotPads, renters spend about six and a half years saving up before they have enough. (I personally predict I’ll be eligible for AARP before I could build up a nest egg hefty enough to become a homeowner.)

Finding clever ways to cut back and save everywhere you can is helpful, but at a certain point, you may realize that you simply need to rake in more dough. Short of getting a surprise promotion, negotiating a raise, or planning a Met Ball heist with seven of your smartest friends (please don’t do that!), is there anything you can do to pad your bank account?

Yes! Enter the “side hustle.” Unfortunately when it comes to saving for a big goal like a down payment, nine to five alone might not cut it. But these days, getting a side gig can be as easy as downloading an app on your phone.

If you’re strategic about your side hustle, it can be a great way to stash away extra cash for a down payment to make your homeownership dream a reality.

Before you dive in, take stock of a few things, says Emily Boothroyd, a Certified Financial Planner and private wealth advisor at Price Financial Group in Wilton, Connecticut. First, make sure that your side gig will not interfere with your main job, the one that you’ll likely depend on for the bulk of your housing payments. She also advises you consider any potential risks associated costs with your side gig (i.e. upping your auto insurance to drive for a ridesharing app) so you don’t spend more than you save.

Another factor to keep in mind? Make sure your extra earnings can be documented on a mortgage application, since your total income can affect the amount of the loan you’re approved for.

“Lenders look to a borrower’s last two months’ bank statements and any inconsistent or large deposits would need to be explained,” says Richard Barenblatt, mortgage specialist at GuardHill Financial Corp. in New York City.

Once you’ve got all that covered, it’s time to start hustling. Here are seven app-based side gigs that will get you one step closer to securing a down payment:

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14
Feb 19

The Hot New Trend for Married Couples? Roommates

It’s not unusual to live with a roommate to cut down costs. Hey, life is expensive! But 2018 demonstrated that an unlikely population is taking on roommates in order to make ends meet: married people.

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