This year, consumer debt reached a staggering $17.06 trillion. This spike in consumer debt can be attributed in large part to inflation. With so many products and services costing more, many Americans simply don’t have enough money at the end of the month to make ends meet. As a result, many are relying on credit cards and loans to bridge … Read More
Research shows that tackling life’s challenges with an empowered attitude is what separates people who are successful from those who aren’t. In psychology, this concept is known as your locus of control. Having an internal locus of control means that you believe you’re the ultimate arbiter of your outcomes. In contrast, having an external locus of control means that you … Read More
Strategies for Optimizing Loan Origination, Boosting Your Bottom Line, and Improving Your Borrower Experience. From interest rates to housing prices, the current mortgage market is characterized by record-setting volatility. As a result, borrowers and lenders are uncertain about what the future holds and when it will be the right time to start making moves. While market conditions may be out … Read More
National Hispanic Heritage Month is celebrated annually in the United States from September 15 to October 15. During this time, Americans of all backgrounds celebrate the histories, cultures, and contributions of people whose ancestors came from Mexico, the Caribbean, Central and South America, and Spain. If the timing seems odd, this celebration begins in the middle rather than the start … Read More
With the pause on federal student loan payments expiring, the topic of student loans is on many lenders’ minds. Aspiring homeowners may be also curious about how their student loan debt may affect their mortgage eligibility. Contrary to some borrowers’ assumptions, it’s possible to qualify for a mortgage while carrying student loan debt. Applicants’ eligibility ultimately depends on their chosen … Read More
This year, 9.59 million Americans are self-employed.[i] These entrepreneurial types are known for their ambition, creativity, and financial acumen. For successful self-employed business owners, making money may not be a challenge. However, qualifying for a mortgage can be. In this article, we’ll discuss the mortgage eligibility rules regarding self-employed income and employment. We’ll also provide six tips mortgage lenders can … Read More
