Category: Mortgages
What would happen if everyone just stopped paying them
If everyone suddenly stopped paying their bills, the consequences would be far-reaching and devastating. The immediate collapse of financial institutions could result, leading to rampant unemployment. Economic growth would likely decrease, potentially causing a recession or even a depression

Dec 11, 2023 Susan Kelly

What Is A Mortgage Insurance Premium (MIP)
Learn what a Mortgage Insurance Premium (MIP) is and how it can affect your home loan costs. Get informed about how to protect your lender, understand the risks, and make an informed decision before taking out a mortgage.

Dec 11, 2023 Susan Kelly

How to Pay Off Student Loans for Veterans
PSLF is available to both veterans and current service members. After ten years of service to a nonprofit or government agency and 120 on-time qualifying payments, participants in this program have the option of having their federal student loans discharged.

Nov 15, 2023 Susan Kelly

Why to Lease or Not Buy Am Electric Car
Due to the increasing popularity of electric vehicles, however, many grocery stores and public parking garages now offer charging stations for a fee. Currently, there are more than 15,000 charging sites in the UK, and Zap Map makes it easy to locate the one that is closest to you. Most electric vehicles take 8 to 12 hours to fully charge, while certain rapid chargers can fill the battery to 80% in just 30 minutes

Dec 22, 2023 Susan Kelly

Definition of Installment Debt
Some of the most prevalent types of installment debt include mortgages, car loans, personal loans, and student loans. Installment debt is repaid over time by making equal monthly payments. If you stay on top of your payments, you'll know for sure when your loan will be paid in full.

Dec 30, 2023 Susan Kelly

Payday loans: Beware of These Risky Loans
Payday loans are a type of high-interest, short-term loan in which the borrower promises to repay the loan when their next paycheck arrives. If you need money, they will take it out of your paycheck. Payday lenders profit from borrowers' desperation for fast money by charging extremely high-interest rates.

Dec 01, 2023 Susan Kelly