A key reason to address a defaulted or delinquent student loan debt is to avoid wage garnishment. “When wage garnishment starts you are stuck,” Cohen said. “You are issued a 30-day letter and then ...

Mortgage foreclosures are public records, and they remain on your credit report for seven years. This can make it much more difficult to buy a home or access credit in the future.

A mortgage is a type of secured loan, meaning the lender can foreclose on your home if you default on the debt. The first step in getting a mortgage is determining the type of mortgage you need.

If you’re self-employed, the odds of getting approved for a mortgage and getting comparatively favorable terms can go up when you optimize your debt-to-income ratio or DTI. This means you reduce your ...

How to weigh buying a home with cash instead of a mortgage Reviewed by Samantha Silberstein ... A cash buyer might be able to get the property for a lower price and receive a 'cash discount ...

4. Work on Your Debt-To-Income Ratio Having a high monthly debt payment amount compared to your freelance or self-employment ...

Fortunately, it’s still absolutely possible to get a mortgage as a freelancer, but you’ll need to do some extra planning before you apply for a mortgage. According to Reed Letson, a mortgage ...