The mortgage application process begins with a prequalification during which you provide your lender with a variety of information about your overall financial situation. The lender uses this information to determine whether you have enough income and assets to continue with the application process.
A defaulted student loan can turn into a financial nightmare if it is not resolved. Wage garnishments, claimed tax refunds, court appearances and a damaged credit score are all possibilities. Working with the company holding your loan to reach a resolution to rehab your student loans is essential. S
Neither HUD nor the FHA lends money. Rather, the Federal Housing Administration, an agency within the U.S. Department of Housing and Urban Development, insures mortgage loans. If a borrower defaults on an FHA product, the FHA dips into its mortgage insurance premium fund -- paid into by FHA loan hol
If you are planning to open a checking or savings account, the bank or credit union may run your name through ChexSystems during the application process. ChexSystems is a consumer reporting agency that maintains records of individuals who have mishandled bank accounts. Your name may appear on ChexSy
You can get unemployment insurance and file a claim for Supplemental Security Income at the same time. The two programs have distinct purposes, funding sources and eligibility criteria. Only the form of their basic benefits is the same: a monthly cash payment from the government with supplements tha
Many parents pursue post-secondary degrees to better provide for their families. Scholarship programs for parents exist to support them in their return to school. Whether you are a parent returning to college or starting for the first time, the cost of attending college can be steep. Scholarship awa