American Financial Solutions Blog

Precision Tuned Budget, Maximize Stimulus and Refund Money

Here are some ideas on how to use tax refunds and economic stimulus money to improve a financial situation.

Posted on March 15, 2021

Preparing for a Financial Emergency 5 tips for building (or rebuilding) your emergency savings

(Family Features) The new year provides an opportunity to re-evaluate different aspects of your life, and that includes your budget and savings habits. Planning for emergencies by building – or rebuilding if the COVID-19 pandemic required making a withdrawal – a savings account to withstand the unforeseen, can increase...

Posted on February 4, 2021

Protecting Your Finances and Your Mobile Device

If you are using your mobile phone to manage your finances, here are some steps you'll want to take to protect yourself.

Posted on February 4, 2021

Debt-to-Income Ratio: The Other Financial Health Metric

The DTI is the percentage of our income that goes toward paying our monthly debts. These ratios can often be overlooked as many people assume that a good credit score and income are the only two elements taken into consideration when seeking to purchase a home, car, or even to open a credit card. However, for many lenders, a good report and credit score are not enough to be considered a suitable candidate. 

Posted on February 2, 2021

Fannie Mae or Freddie Mac Mortgages

Homeowners with mortgages owned or guaranteed by Fannie Mae or Freddie Mac may be eligible for different repayment options following their forbearance. Fannie Mae and Freddie Mac do not require a lump sum payment at the end of the forbearance.

Posted on December 11, 2020

Federal Housing Administration FHA Mortgages

Federal Housing Administration FHA Mortgage Forbearance repayment options.

Posted on December 11, 2020

USDA Rural Housing Forbearance Repayment

USDA Rural Housing Forbearance Repayment

Posted on December 11, 2020

Veterans Administration VA Mortgage Forbearance Repayment

Veterans Administration (VA) Servicers of VA loans cannot require borrowers to make a lump sum payment immediately after a borrower exits a CARES Act forbearance. The VA has a suite of loss mitigation options such as repayment plans and loan modification to assist borrowers in repaying payments missed under a CARES Act...

Posted on December 11, 2020

Preparing for the End of the Mortgage Forbearance Under the CARES Act; Options for Homeowners

For many people, the month of February 2021 will mark the end of their mortgage forbearance under the CARES Act. This leaves many questions about how to manage missed payments and what will happen if someone cannot pay those accumulated amounts. This article will help explain the choices people have to manage their mortgages.

Posted on December 10, 2020

Creating a Budget for Your Family

It’s always the right time to create a saving and spending plan (aka a budget). It’s also a good idea to revisit that plan annually or when a major shift occurs in your income or expenses.

Posted on October 27, 2020