Monthly Archives: March 2021

Determined young saver struggles to raise down payment

Lately you’ve seen news stories about how student debt is keeping people from taking the next steps in life. This is not one of those stories. Not that Anthony Yarnall doesn’t have student debt. The 26-year-old graduated from Washington University with a degree in urban planning and $ 55,000 in …

Read More »

Available programs and how to apply

Who can benefit from assistance for the payment of a deposit? Many first-time home buyers are eligible for down payment assistance, especially those with low and modest income. There are several programs that can help military and veterans, as well as some public service employees. The majority of down payment …

Read More »

Lenders Accepting Bitcoin as Down Payment on Home Purchases – Orange County Register

In March 2020, the exotic mortgage world came to a halt as the COVID-19 pandemic spread across America. Aggressive, creative and quirky mortgages, like those that counted deposits on bank statements as income, were suddenly dust in the wind. But government-sponsored mortgages like those from Fannie Mae, Freddie Mac, the …

Read More »

Why we put a 50% down payment on our home

Image source: Getty Images Mortgage borrowers typically put 20% on a house. Here’s why we went higher. When I met my husband I was living in a small apartment and he was living in a modest three bedroom house that he had purchased as an investment in his very early …

Read More »

Explanation: How do payday loans work?

The annual percentage interest rate (APR) for payday loans is calculated by dividing the amount of interest paid by the amount borrowed; by multiplying the result by 365, dividing that number by the repayment term in days, and multiplying by 100. For example, for a two week loan charging $ …

Read More »

Why payday loans are dangerous

Fertnig / Getty Images It’s hard to find yourself in a situation where you need the cash right away, but you are not alone. In fact, 42% of millennials have used methods like payday loans to deal with debt, according to a study by the Global Financial Literacy Excellence Center …

Read More »