How to Avoid Financial Traps this Holiday Season
You ever feel like your paycheck disappears faster than you can think? That’s not your imagination, it’s by design. There are so many financial traps set for you. From the “limited-time” holiday spending offers to credit card promos, this economy runs on your exhaustion and confusion. But acuérdate: you’re a cycle-breaker. And part of building […]
No Minimum Credit Score? What Fannie Mae’s New Rule Really Means
Starting November 16, Fannie Mae is officially removing its minimum credit score requirement for certain borrowers using their Desktop Underwriter® (DU) automated system. Sounds like good news, but is it? To some it may bring flashbacks to the 2008 housing crash, when predatory loans were given left and right. This set up many for failure […]
Is the Bank of America Free Mortgage for First-time Homebuyer?
Bank of America (BoA) is rolling out with a zero down payment mortgage plan, for the first-time homebuyer, that targets the Black/African and Hispanic/Latinx communities. Here are the Pros and Cons of the program. An Option for the First-time Homebuyer? The Community Affordable Loan Solution™ , from Bank of America will be an addition to […]