Your debt-to-income ratio (DTI) is one of the main factors traditional lenders take into account when deciding whether you qualify for a loan. The reasoning is pretty simple: if your current income status makes existing debt difficult to pay off,...

Having a tax lien can be a nightmare, especially if you're struggling financially. In order to sell or refinance your home, you must have it removed; and the only way to have it removed is to pay what you owe.   What is a Tax Lien? A tax lien...

Being declined for a loan is a heartbreaking feeling that is surprisingly common. In 2017, around 10.8% of loans to purchase a home were denied, while 26% of refinancing loans were denied. Finding yourself in a situation like this makes you feel...

What Is a Rent-Back Agreement & How Does It Work? Has a bank ever blocked you from accessing your home's equity? If you've had financial struggles like falling behind on mortgage payments, inability to pay medical bills, or drowning in credit...

Panic is not an unusual response when you see your job security disappear practically overnight as your debts mount at breakneck speed. Using your credit cards to pay for essentials is a stopgap measure at best. It’s also a very expensive option...

Buying a home has always symbolized the attainment of the American dream. It is a great investment and one that usually provides greater benefits than it does disadvantages. Homeownership symbolizes security and financial stability. While...

Having bad credit can put a significant damper on getting nearly any form of financing that you need. Organizations like payday lenders offer promises  of helping those with bad credit find the perfect solution. But are they really trying to help,...

If you have ever thought of putting a new roof on your home, financing your child’s education, or paying medical debts, you could consider applying for a home equity loan to help provide the funding you might need. What is a Home Equity Loan? A...

Buyback is a program that many homeowners use to draw on the equity of their house. Instead of taking out a loan against the equity they have, these homeowners will sell their home and take out all the equity, all while continuing to live in the...