Borrowing

New Discounts for Mortgage Borrowers

by AnnaMaria Andriotis Wednesday, October 5, 2011 provided by  Lenders are cutting closing costs and offering other discounts to go along with low rates. What’s the catch? As mortgage rates continue to fall, lenders are rolling out splashy discounts and…

Couple Honored for Paying Off $92,000 Credit Card Debt

Michigan Couple Honored for Paying Off $92,000 Credit Card Debt by Connie Prater Thursday, September 22, 2011 Two daughters’ weddings, a new transmission, a new roof and one big secret The National Foundation for Credit Counseling has honored Jerry and…

How to Pay-Off Your Mortgage Early

How to Pay-Off Your Mortgage Early involves discipline and commitment. I know because our mortgage was paid-in-full last month. We took out our mortgage to build our home in 2000. Initially, we had to do a 30-year-loan, as rates were…

Peer to Peer Lending

Peer to peer lending (P2PL), do you know exactly what that is? Until today, I must admit that I had never heard of it. Yes, I have heard of peer-to-peer sharing, which in my mind, for the most part is…

What is a FICO score?

What is FICO? FICO stands for Fair Isaacs Corporation. In 1989, the Fair Isaacs Corporation and Equifax developed the score. To calculate your score, the system awards points for each factor that can help predict the likelihood of a person…