American Financial Solutions Blog

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...

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.

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.

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.

Federal Housing Administration FHA Mortgages

Federal Housing Administration FHA Mortgage Forbearance repayment options.

USDA Rural Housing Forbearance Repayment

USDA Rural Housing Forbearance Repayment

Veterans Administration VA Mortgage Forbearance Repayment

Veterans Administration (VA)

Servicers of VA loans cannot require borrowers to make a lump sum payment immediately after...

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.

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.

Budget For The Holidays

Although November 27th is the traditional kick off of the holiday season, decorations of all kinds are already flooding the retail stores and advertisers are working hard to put us in the “spending mood” earlier and earlier every year. This creates an opportunity to make a spending plan that will get us through the season and help keep it meaningful.