Understanding the reasons borrowers are denied loans will give you the tools you need to get approved fast More than one-in-ten applications for a mortgage get denied and a quarter of those for refinancing are rejected. For some groups, the loan denial rate is as high as 40% according to the Bureau of Consumer Financial Protection. But the reasons for denying a loan aren’t the same for all … [Read more...]
Note: Post may contain affiliate links.
How Much is Life Insurance and How Much Do I Need?
How to find the answers to the most important questions about life insurance protection. A recent survey found the average American overestimated the cost of life insurance by 300% and nearly half of millennials thought premiums were 500% more than they really were. That's bad news considering most people say the cost of life insurance is what's keeping them from getting coverage. They … [Read more...]
5 Safer Alternatives to Reverse Mortgage Funding
Reverse mortgage funding may sound like a good idea but these five alternatives will save you thousands and protect your home One of the biggest decisions as you head into retirement is where you’re going to live. You’re probably looking at lower income for the next few decades and may not be able to afford your monthly mortgage payments. Then you see your old pal Alex Trebek on TV, talking … [Read more...]
What is a Loan Origination Fee? [And How to Not Pay It]
Loan origination fees are a holdover from yester-year but that doesn’t mean you have to pay them Loans are expensive but it turns out, they might be even more expensive than you think. That high interest rate isn’t all you’re paying for the money. Besides tens of thousands in interest you might pay over decades repaying the loan, you could also owe thousands in upfront costs just to get the … [Read more...]
OppLoans Review: Opportunity Loans for No Credit Borrowers
An OppLoans review detailing how to get an opportunity loan at the best rate possible OppLoans is the online name of Opportunity Financial, a personal loans company specializing in opportunity loans for borrowers with bad credit or no credit at all. Founded in 2009, the company has made more than 100,000 loans already. OppLoans isn’t a peer lender like most of the platforms I’ve reviewed so … [Read more...]
