6 things to know about your earnest money deposit


When you’ve found the house of your dreams and you’re ready to make an offer, putting down a good faith deposit (also called earnest money) lets everyone know you’re on the same page and ready to do business. It lets

Posted in: Mortgages & Home Buying

The difference between a soft credit check and a hard credit check


Should you worry about a ding to your credit rating if a potential employer runs a credit check on you? How can you shop around for the best mortgage rate without appearing to be going crazy for credit? Set your

Posted in: Personal Finance

Is cosigning ever a good idea?

While it’s true that by signing on the dotted line (or cosigning for a loan or credit card), you can help a friend or family member in financial distress, there are a lot of reasons it usually doesn’t make good

Posted in: Credit Cards, Personal Finance

What does a home appraiser actually do?

home appraisal

Getting your home — or what you hope will be your future home — appraised can be a source of anxiety. But an appraisal is an important part of the mortgage process. Getting a home appraised gives you a fair estimate of the home’s

Posted in: Mortgages & Home Buying

Secrets of maintaining an 800+ credit score


High achievers, start your engines: The road to an elite 800+ FICO score is long and arduous. Maintaining a high credit score requires scrupulous attention to detail over the long haul. Some 18.6 percent of consumers held a score of

Posted in: Credit Cards, Personal Finance

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