
Ben Luthi
Personal Finance and Travel Writer at Freelance
Articles
-
2 weeks ago |
experian.com | Ben Luthi
Quick AnswerFannie Mae and Freddie Mac purchase eligible conventional loans from lenders, reducing the risk to lenders and helping make home loans more affordable for borrowers. Fannie Mae and Freddie Mac are large government-sponsored enterprises (GSEs) that guarantee most home loans made in the U.S. They were designed to make mortgages more affordable for homebuyers, though they don't offer mortgage loans directly.
-
2 weeks ago |
experian.com | Ben Luthi
Quick AnswerCDs are savings accounts that pay a stated interest rate for a specified period of time, while Treasury bills are short-term government securities sold at a discount and redeemed at face value when they mature. Certificates of deposit (CDs) and Treasury bills (T-bills) are both considered safe investments. However, they differ greatly in how they provide returns. A CD is a deposit account that pays a fixed interest rate over the account's term.
-
2 weeks ago |
forbes.com | Ben Luthi |Emily Moore
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed. Receive a 30% flight discount code for a qualifying future flight after opening your new account.
-
2 weeks ago |
experian.com | Ben Luthi
How Closing a Bank Account Can Affect CreditWhile the act of closing a bank account won't impact your credit on its own, it's possible for it to indirectly impact your credit in these situations:If you close the account with a negative balance and don't pay off the debt you owe in a timely manner, the bank or credit union could send it to a collection agency.
-
2 weeks ago |
experian.com | Ben Luthi
Can You Buy a House With a Personal Loan? Yes, it's possible to buy a house with a personal loan. However, the most you can borrow with a personal loan is typically $100,000, and many lenders have lower limits. In contrast, the median home price in the U.S. is $349,225. In other words, you'd likely only be able to borrow enough to purchase a tiny house or a mobile home.
Try JournoFinder For Free
Search and contact over 1M+ journalist profiles, browse 100M+ articles, and unlock powerful PR tools.
Start Your 7-Day Free Trial →