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The conforming loan limit is the maximum amount of money a homebuyer can borrow using a conventional mortgage that's eligible for purchase by Fannie Mae and Freddie Mac. The Federal Housing Finance Agency, which oversees Fannie and Freddie,…

Installment loans are a type of loan that allows you to finance large purchases or unexpected expenses and pay them off over time with a series of fixed payments, usually monthly. Unlike options such as payday loans or credit cards,…

When you're strapped for cash and short on time, it can be tempting to seek out the quickest and easiest route to funding. No-credit-check loans fit this requirement as they provide a lump sum with no need to pull your credit report. But…

Debt-to-income ratio reflects the percentage of your gross monthly income, or earnings before taxes and other deductions, used to pay your monthly debts. Lenders use your debt-to-income, or DTI, ratio to evaluate your ability to manage the…

In the wake of several high-profile bank failures, Federal Reserve officials warn that consumers are likely to face tighter credit conditions when applying for loans, including mortgages. Put simply, a credit crunch means that banks and…

Key Takeaways 1: Missing your student loan payments can jeopardize your credit. 2: If you're delinquent on student loan debt, take action before you default. 3: Your options in delinquency or default vary depending on whether…

A mortgage rate lock allows you to keep your interest rate unchanged for a set period of time, usually between when your purchase offer is accepted and when you close on your new home. Locking in your rate can help you better plan for…

Inflation has hit Americans hard, whether it's the price of a carton of eggs or the cost of utility bills. And while the rate of inflation has slowed slightly in the last few months, Federal Reserve Chairman Jerome Powell told Congress on…

The average student loan payment is between $200 and $299, according to the most recent available data from the Federal Reserve. But considering the average debt among recent graduates who took out student loans is nearly $30,000, per an…

Whether you're looking to consolidate high-interest debt, finance home improvements or pay for a big-ticket expense, a personal loan can help you accomplish your goal. Personal loans offer relatively low interest rates and fixed monthly…