Sometimes swapping out one cosigner for another may be desirable… especially for borrowers who cannot get the cosigner removed on their own. If Grandma needs the loan removed from her credit report, but Mom is in a position to have the debt in her name, a swap may be the right move. L...
Borrower-paid mortgage insurance, commonly referred to as BPMI, is the most traditional form of private mortgage insurance. As its name implies, the borrower pays the premiums in this setup. BPMI can be canceled once the loan-to-value (LTV) ratio reaches 80%. However, automatic termination ...
Yes, wage garnishments are a matter of public record, and thus, being under a garnishment order could make it harder for you to qualify for or refinance a mortgage, take out a car loan, establish a new line of credit, or find employment. How can you stop wage garnishment? The IRS wil...
After reviewing my credit report from [insert report bureau], I have noticed that the report shows [insert number] credit inquires that I did not authorize. [Detail each inquiry. Include the company name, the date of the inquiry, and the reason you believe the inquiry is false. Do this...