How to handle a HELOC

That crash you just heard was the wet spot in the living room ceiling caving in, bringing your upstairs, downstairs. Sometimes home repair projects can’t wait for payday. With a home equity line of credit (HELOC), if approved, you can… Read More

Private mortgage insurance: what you need to know

Whether you’re a long-time homeowner or you’ve started shopping for your dream house, you’ve likely heard about private mortgage insurance (PMI). Like any insurance, PMI is an added cost. Here’s what you need to know about PMI, including how to… Read More

Know the 5 C’s before applying for a loan

Have you ever wondered what lenders look for when deciding whether or not to lend you money? They look at five key factors — character, capital, capacity, conditions and collateral — to determine your credit worthiness. Know the five C’s… Read More

How to find the right mortgage lender

With so many mortgage companies to choose from, it may be difficult deciding which lender to use. Which factors do you use in evaluating a lender? How important are they on your list of must-dos? Below are four important factors… Read More

Get the facts about co-signing for others

Co-signing for loans and credit cards can help a friend or family member get financing for a car or college, or even help them build their credit. If you decide to help, know that this action is a major decision…. Read More