How To Qualify For A Mortgage With Student Loan Debt
For most people, taking care of student loan debt is one of the biggest challenges to overcome before beginning their homebuying journey. According to the 2021 Homebuyers and Seller Generational Trends Report, 47% of homebuyers reported student loan debt as an...
How To Prepare To Buy A Home With Student Loan Debt
Congratulations, you have decided that now is the perfect time to begin your journey towards homeownership! However, if you are reading this, that means you are worried about your student loan debt interfering with your goals. Unfortunately, student loan debt can...
How A College Graduate Uses FinLocker To Manager Her Student Loan Debt
My name is Alex Elliott, and I graduated from the University of Missouri in Columbia in May 2021 with a Bachelor's degree in Mediated Communications and a minor in Digital Storytelling. I am very thankful to have had the opportunity to attend college...
How To Avoid Student Loan Debt Impacting Your Future Financial Plans
Student loan debt is often tremendous burden for recent college graduates trying to start the next chapter of their life. In 2021, 44.7 million Americans have student debt adding up to $1.71 trillion collectively. That’s an average student loan debt of $37,693 per...
Prepare For Education Expenses With A 529 Savings Plan
If you have children, you probably have concerns about saving for their education while also paying for your household expenses and achieving your personal and family financial goals. College education can be very...
Comparing Snowball Method and Avalanche Method To Pay Off Debt
Paying off all your debt can seem like an impossible task, especially if you can only manage to pay the minimum required amount each month. Fortunately for you, there are multiple strategies to help you pay off that balance. Two of these strategies are the snowball...
How To Start and Build Your Emergency Fund. The Benefits of Being Financially Prepared.
If your car unexpectedly broke down tomorrow, and you were faced with a $1000 repair bill, would you be able to pay the total amount from your savings? If your answer is No, you're not alone. Sixty-one percent (61%) of Americans would be unable to cover an...
10 Key Players In The Home Buying Process
Once the choice to become a homeowner has been decided, it is time to start the home buying process. If this is the first time you've bought a home, the whole process might seem intimidating, but you are certainly not alone. You will encounter several professionals...
7 Activities To Avoid Between Mortgage Pre-Approval and Closing On Your New Home
You have successfully been pre-approved for a mortgage loan due to sensibly handling your finances. Jeopardizing your hard work with a few careless activities before closing on your new home would be a mistake. Avoid doing any of these activities until you have the...
Types of Homeowners Insurance, What It Does and Doesn’t Cover
Your home is probably your biggest investment. A Homeowners insurance policy will protect your investment and the people and possessions on the property. Before you can close on your mortgage you must provide you mortgage lender proof that you have...
Buying and Selling A Home Before School Starts
If you want to sell your home, you might be wondering if you should do it before or after the school year. If you do it before school returns for a new year, there are plenty of benefits as families will want to get settled before the back-to-school rush...
The Importance of Knowing Your Net Worth
It’s important to know your net worth so you can manage your finances, pay off your debts and plan for a healthy retirement. Quite simply, Net Worth is the sum of your assets minus your liabilities. Most people accumulate assets as they age by buying a car,...
How To Avoid Having Your Mortgage Application Denied
Getting approved for a mortgage isn't easy. However, you can reduce the odds of having your mortgage application denied. Knowing the common reasons for mortgage application denials can help you to take action in advance to ensure your mortgage application meets...