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May 2019

Found 3 blog entries for May 2019.

Multicultural group of young students studying together

Many people these days have a college degree. In fact, according to the Pew Research Center’s analysis of Current Population Survey data, “four-in-ten millennial workers ages 25 to 29 had at least a bachelor’s degree in 2016.” When you compare this group to the baby boomer generation, who has a lower percentage of college graduates, you can see how society has shifted its norms and expectations. The baby boomer generation ranks third in education attainment while millennials are at the top.

With the growing trend towards higher education also comes the growing debt load. In 2018, the “outstanding student loan debt in the U.S. surpassed $1.48 trillion, almost one-and-a-half times what Americans owe on credit cards.”

Cartoon businessman carrying debt box on his back

With the student debt so

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Buying a new home is an exciting step, which can mean different things to different people. For some people, a new home purchase means financial independence. For others, a new home is a start to a new family or a new job. Whatever it may mean to you, it’s something to do with careful forethought. Since you’ll most likely be staying in your home for several years or maybe for good, you want to make the wisest financial decision. Approved mortgage application with keys on the paperwork

One of the strategies of purchasing a new home is to buy mortgage points upfront. Let’s take a closer look at how mortgage points work.

What are Mortgage Points?

Mortgage points are points you can purchase upfront that will lower your interest rate. They are often referred to as discount points because they give you a

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Purchasing a new home is often a challenging step for some people. Possibly a bad credit history is hindering you from taking the plunge to home ownership. Other people don’t have enough credit history established to get a loan.

Other individuals may have acceptable credit but plan to own the house with another individual such as a spouse. They may intend to repay the house together. Sometimes two people applying for a loan is more advantageous than just one person is.

Often, people have either a co-borrower or co-signer on their mortgage loan. Although these two terms may sound somewhat similar, they are entirely different. Each one serves a different purpose. Before you take the step of buying a new home, learn about the pros and cons of

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