Two Times When A Variable-Rate Personal Loan Is A Good Idea

Many financial experts recommend against variable-rate loans because of the risk the interest rate will increase abruptly, leading to a corresponding increase in the monthly payment due. While this can be problematic in some situations, here are two times when getting a variable-rate loan is actually a good idea. You'll Pay the Loan Off Quickly Banks that provide variable-rate loans typically offer low starting interest percentages (or teaser rates) to entice people to apply for them.

What To Know When Buying A Car With Bad Credit

Buying a vehicle with bad credit can be an interesting experience. You want to get the best deal on the car, but your credit may prevent you from getting the best deal. There are many different reasons your credit can be a little low, and the lender is likely to take that into consideration, but the fact of the matter is your credit is low. With a low credit score, you can expect to go through a different process to buy a car than if you had a good credit score.

Three Mistakes To Avoid When Applying For A Home Loan

Purchasing your first house is exciting, but it also means you will be getting your first mortgage. You may feel secure in your credit history, income, and savings, but there are things that can go wrong if you aren't careful. Knowing the following mistakes can help you avoid them so you can successfully secure your home loan. #1: Waiting to check your credit Just because you know you have no late or missing payments doesn't mean your credit report doesn't show any.