Dear Moneyist, My wife and I had our first baby 3 months ago. As the breadwinner, my wife just returned to work after 12 weeks of unpaid maternity leave. Our savings are a bit low and she is now “asking for my blessing” to work part-time. This is distressing to …
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When Congress ordered the Department of Education to stop garnishing the wages of borrowers who defaulted on their student loans as part of the CARES Act, the coronavirus relief bill passed in March, it took months for thousands to feel the impact in their paychecks. Though the Department has refunded …
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If you have credit issues, don’t worry. There are things you can do to rebuild your credit history. Credit builder loans are a great way to rebuild your payment history and improve your credit score. This article looks at how credit builder loans work and how they can help your …
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Stated income loans used to be widely available before the housing market crash of 2008. When the Dodd-Frank Act was created in 2010, it heavily regulated banks and lenders. However, these loans that require no income docs or no tax returns for contractors and self-employed borrowers are available with more lenders. Rate Search: Check Today’s …
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Coming up with a down payment for a new home is often the thing that keeps people from taking the leap from renter to homeowner in the first place. That’s why US veterans, active-duty service members, National Guard and reservists who may not have saved up enough for a down …
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Hi there, MarketWatchers. Don’t miss these top stories: Personal Finance Why Major Biden becoming the first shelter dog in the White House is a big deal 2020 has seen a ‘massive surge’ in animal fosters and adoptions, and a rescued First Pet could inspire even more. Yankees legend Andy Pettitte …
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Frequently Asked Questions What is an FHA loan? An FHA loan is a type of government-backed mortgage that is guaranteed by the Federal Housing Administration and offered by private lenders that are FHA-approved. Because FHA loans are guaranteed by the government, lenders are able to have more flexible borrower requirements …
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For financial help, we need loans. For lowering down expenses and burdens, loans are essential. Imagine what would happen if you do not have an option to take a loan? How would you manage if you have no savings and credit card balance? To cover all the expenses, people took …
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Myth #1. FHA Loans Are Only for First-Time Homebuyers Of course, FHA home loans are loved by first-time homebuyers because of their low down payment and credit score requirements. But, FHA loans are not just for first-time buyers. The Federal Housing Administration guarantees mortgage loans for all types of borrowers, …
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