Here are some ideas on how to use tax refunds and economic stimulus money to improve a financial situation.
American Financial Solutions Blog
If you are using your mobile phone to manage your finances, here are some steps you'll want to take to protect yourself.
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.
Homeowners with mortgages owned or guaranteed byÂ Fannie MaeÂ orÂ Freddie MacÂ 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.
Federal Housing Administration FHA Mortgage Forbearance repayment options.
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.
Itâ€™s always the right time to create a saving and spending plan (aka a budget). Itâ€™s also a good idea to revisit that plan annually or when a major shift occurs in your income or expenses.