What is the ability-to-repay rule? “The ability-to-repay rule is the reasonable and good faith determination most mortgage lenders are required to make that you are able to pay back the loan,” states Consumer Finance Protection Bureau. The rule is important because it helps determine if you can afford to pay […]

What is the ability-to-repay rule?

Personal Finances Having strong personal finances is extremely important. If you have a strong understanding of Personal Fiances and how they work you can have a strong and fruitful financial future. There are a lot of steps to have a strong and fruitful financial future. Here are some tips! Budgeting […]

Personal Finances

What is a Qualified Mortgage? There are Qualified Mortgages and unqualified Mortgages. “A Qualified Mortgage is a category of loans that have certain, more stable features that help make it more likely that you’ll be able to afford your loan.” states the Consumer Financial Protection Bureau. A Qualified Mortgage is […]

What is a Qualified Mortgage?

What is Money? I’m sure everyone knows that money is the currency of a country. Whatever form, digital, physical or even gold and silver. Money seems to have this way with our society to where its glorified. But in school, you’re never really taught how you should spend and use […]

What is Money?

Investing in real estate Investing in real estate is one of those things that can make or break your bank. Making any type of bad investment can devastate your bank account. But real estate has the ability to do even more to your bank account and your net worth overall. […]

Investing in real estate

The Importance of Budgeting A budget can seem lame, boring and time-consuming. However, budgeting is one of the most important skills you can ever learn. Learning how to have a strong financial future is the best way to success. What is a budget? A budget is an estimate of expected […]

The Importance of a Budget

Budget Examples and Considerations Before we look at some budget examples, let’s talk about money. It seems that all we want to do these days is to spend money. But where does your money go? Let’s break down the average American salary. $56,516 is the median average salary. $56,516 a […]

Budget Examples and Considerations – For Individuals

What is Debt to Income Ratio? What is Debt to Income ratio? Debt to Income Ratio is the ratio that defines your net worth. Net Worth is the number that combines all your liquid and non-liquid assets together and subtracts your debt. Your Debt should be less than your assets. […]

What is Debt to Income Ratio?

How can I pay down my Student Loans Student Loans can be extreme. Especially when college is at an all-time high in terms of cost. More and more Americans are facing a large debt ratio. With the job market being what it is, it’s relatively easy to find a decent […]

How can I pay down my Student Loans?