Lenders use both a FICO score and a credit score to evaluate a person’s creditworthiness, but these are two distinct types of credit scores. The Fair Isaac Corporation (FICO) calculates a credit score known as the FICO score. Lenders and creditors widely use...
Habits of Highly Effective Homebuyers- Today, though, the housing market is a very different animal—fast, ferocious, and ever-changing. In such an environment, it’s no longer a given that all homebuyers will easily find a house and seal the deal. And even more...
What is a HELOC? A HELOC provides you with a line of credit that you can draw from as needed — similar to a credit card. You borrow against the equity in your home, and your home serves as collateral for the loan. HELOCs typically have much lower interest rates than...
Best Real Estate Markets for First-Time Homebuyers in 2023. The housing market has been brutal for first-time homebuyers. And now, just as prices are finally beginning to slacken and the bidding wars are dying down, higher mortgage interest...
When you file a homeowner’s insurance claim for a covered loss, the amount you’re reimbursed depends on your coverage limits and whether you have replacement cost or actual cash value coverage. Actual cash value coverage pays to repair or replace your home or...