Loan
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Blog
Don’t Rush Into an 84-Month Car Loan
Chuck Bell, programs director for advocacy at Consumer Reports, recommends that consumers take a conservative approach to how much they spend on a vehicle. “In the past, the rule of thumb for car financing was the 20-4-10 rule: Make a 20 percent down payment, take a 48-month [four-year] loan, and spend no more than 10 percent of your budget on…
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Blog
Here’s How the Mortgage Loan Origination Process Works
Buying a home is an exciting and rewarding journey, but it can also be overwhelming, especially if you’re not familiar with the jargon and terminology used in the real estate industry. One such term is the “mortgage loan origination” process, which describes the series of steps that occurs between your initial mortgage application and the final closing of your loan.…
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Blog
The Status of Student Loan Forgiveness Just Changed Again (Again)
On Wednesday, in what seemed to be a modest victory for the Biden administration, a federal judge allowed a temporary restraining order against the new student loan forgiveness plan to expire. That ruling would allow the administration to proceed with finalizing the rule, potentially bringing relief to tens of millions of Americans burdened by student debt—just weeks before the November…
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