How much should your monthly payment be?

Make sure that you have the right monthly payment not less nor more.

When it comes to taking up a loan, sometimes people do not understand the obligation that comes with the loan. Meaning that they are in the euphoria of being able to purchase something (home appliance, car or buy a house) and do not pay attention to crucial loan related issues.

Debt to income ratio explained

Don't neglect the debt to income ratio it can have major impact on your application.

Debt to income ratio is regarded as a significant element when it comes to analyzing your financial health. Although it does not have any direct effect on your credit score, it does play a crucial part when applying for a loan, especially when you apply for mortgage. What is debt to

Cosigning a loan pros and cons

Cosigning a loan has different pros and cons for borrowers and cosigners.

Before considering the pros and cons from cosigning a loan, you must understand the different reasons that could cause for someone to need a cosigner. The reason why someone would need a cosigner should have a major influence on your decision of whether to agree to be a cosigner or

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