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Mortgage

Can I Get a Car Loan With a Credit Score of 600?

Many people have bad credit become fixated on the idea of a particular score or number. Having a “beacon” score of 600, 650 or 550 and being able to get a car loan with the same, depends not so much on your score, per se. It depends more on the lender that you choose to [...]

What is a 5/1 ARM?

You know, with phrases such as the title above, and the myriad of paths the mortgage industry runs us down, it’s no wonder that the average consumer becomes lost in the process. Then, the mortgage market adds this new little product called the interest only loan, and presto, further confusion. Add to this [...]

How Long Does it Take to Get Your Tax Refund Back?

A common question heard at tax time is “how long does it take to get my refund back?” Consumers, especially those struggling in tough economic times, look forward to the financial boost that a tax refund gives. The good news is that the IRS provides the necessary tools that make finding the status of a [...]

Loan Modification Hardship Letter – Make it Compelling, But Short & Sweet

A Loan Modification Hardship Letter will paint a picture of your family’s current financial position. The federal stimulus plan requires that you be facing a hardship situation in order to be eligible to apply for a loan workout. This very aggressive program features interest rates as low as 2%, loan terms up to 40 years, [...]

5-3 Bank – What You Should Know About 5-3 Before Banking With Them

If you’ve been around the block at all, you’ve definitely heard of 5/3 bank. Quite simply, it is one of the larger banks in the US, as it has branches in many states along the east coast and part of the Midwest.
It isn’t a national bank, and therefore isn’t as known as some of the [...]