Personal Finance

Yes, you can buy a house with debt. Most people do. The real question isn’t whether you can, it’s whether you should. Lenders care about your debt-to-income ratio (DTI), which measures your monthly debt payments against your monthly income. If your DTI is below 43% to 45%, you’ll likely qualify for a mortgage.  But qualifying […]

A fixed rate stays the same for your entire loan. You pay the same amount every month until the loan is paid off. A variable rate changes based on market conditions, so your payment can go up or down throughout the loan’s life.  Choose a fixed rate if you want stability and predictable budgeting, which […]

When you file bankruptcy, all your existing credit cards get canceled, even the ones with zero balances. However, you can apply for new cards immediately after your bankruptcy is discharged, which typically takes 4-6 months to 3-5 years, depending on your specific situation. Secured credit cards are your best option for rebuilding, and you can […]

Being too frugal will cause you to miss out on relationships, opportunities, and experiences that actually matter.  4 Signs You’re Being Too Frugal Here are the warning signs that your frugal habits have gone too far. 1. You decline every social invitation that costs money Social connections are one of the first casualties of extreme […]