Refinancing Your Home Loan: When and Why to Do It
Even if you have already taken a home loan and have paid several installments, it makes sense to stay aware of the latest interest rates, market deals, etc. We cannot…
Credit Repair vs Debt Settlement: What’s Right for You?
Managing finances can be a daunting task for some. The people may struggle to deal with debt and credit issues. You can go for a credit repair service or debt…
Why You Should Avoid Over-Borrowing
We are living in an era of increased financial accessibility. Numerous banks, credit card companies, other financial lending institutions, etc. Whenever we need a loan or credit, we can apply…
What is a Secured and Unsecured loan?
There are two main types of loans offered by the lenders. While one is a secured loan and the other is an unsecured loan. The basic difference between the two…
Understanding Home Loan Prepayment and its Benefits
Like many others, you may also aspire to become debt-free soon. Being debt-ridden, even if it is small, can be overwhelming. If your feeling resonates with this, prepayment is a…
Factors Affecting Loan Underwriting
Factors Affecting Loan Underwriting
When you apply for a loan, the lenders consider various factors before approving it. The loan underwriting, an important stage of loan approval, entails studying different aspects of the borrower’s…
Image of a document stamped with "Mortgage Approved," symbolizing successful mortgage application approval.
Tips for Getting Your Mortgage Approved
A home is one of the most important assets we have. Since it is expensive, we need funds to buy a home. The first step to getting your dream home…
The Snowball vs Avalanche Method for Debt Repayment
Different debt payoff strategies exist, and avalanche and snowball methods are the most popular. These two debt payment methods have the same goal of finishing your debts; however, they take…
Visual representation of Impact of Loan Settlement on Your Credit Score, illustrating positive and negative impacts on financial health.
The Impact of Loan Settlement on Your Credit Score
Loan settlement is a big financial decision. It happens when a borrowers miss paying loan dues. This one-time payment is made to the lender when the borrower demonstrates his/her inability…
Man in suit interacting with AI and finance icons holographically displayed before him.
The Impact of AI on Financial Services and Lending
The financial sector is undergoing a complete revolution steered by the rapid growth of Artificial Intelligence, generative AI, machine learning, etc. The financial sector, including lending, is not only adopting…