If you put down less than 20% on a conventional home loan, your lender will charge you private mortgage insurance (PMI) in addition to the principal and interest portions of
FHA and conventional loans are two of the most popular financing options for would-be homebuyers. However, there are significant enough differences between the two that one
An original creditor owed an unpaid debt will often “charge off” a credit account and send it to a debt collection agency. Most collections will remain visible for seven
A foreclosure is a negative mark that remains on credit bureau reports for up to seven years. During the seven-year period, lenders that conduct credit inquiries will
It’s a personal finance catastrophe for some people. For others, it’s a blank slate. Making the decision to file for bankruptcy is far from easy. The trade-off for having
