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When you hear the words rich and wealthy, what comes to mind? If you’re like me, they probably conjure up different images. Rich, in my head, looks a bit like Scrooge McDuck swimming in his pile of money. Wealthy, on the other hand, looks to me like cultured people having a quiet evening on a…
Your credit score is one of the most important factors that an underwriter will consider when reviewing your mortgage application. That’s why lenders often reserve their best rates for those with great credit while those with bad credit may struggle to get approved for a mortgage at all. But what if you fall somewhere in…
How to Use The Loan Payoff Calculator Welcome to the loan Payoff calculator. This free tool enables you to calculate the monthly payment of a loan based on the interest rate and length of the loan. Here’s how it works: Loan Amount: Here you’ll enter the amount of the loan. This is the total amount…
With mortgage rates at historic lows, we recently (2009) tried to refinance our mortgage. The result? Well, as my son would say, FAIL. For the first time in my life, I was denied a loan. (Actually, this was the second time. I was turned down for a student credit card in college.) Why I was…