Tag: home loan calculator
How to get your first loan online, with a loan calculator
You’ve got a job, a mortgage, and a house to buy.Now you want to start saving for a down payment on your new home.The easy part is to make an appointment with your lender to see if you qualify.You’ll need to show proof of income, assets, and your credit score to get approved, but if […]
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Why the average mortgage loan has jumped more than 10% over the past five years
The average monthly payment for a single borrower is now $1,964.That’s up 11% over last year, the first increase in the last five years.Here are the most common reasons the average loan payment is up.Reasons that drove the increase include: A change in credit scores, such as improving credit scores from a high of 565 […]
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