Day 0 - Renovating A Old And Nasty House From 1925 - Running The Numbers
Renovating A Old And Nasty House From 1925 - Real Estate Investing Guide
DISCLAIMER: This content is my personal opinion and is intended for general information purposes only, not financial advice. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses a considerable risk of loss. The speaker will not be held responsible for any losses or gains. Always do your own research and advise a professional before making your own investments. ... https://www.youtube.com/watch?v=JCXo4hMJYHE
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Pay Off Student Loans With the Debt Snowball
The debt snowball method has helped millions of people dump their debt, and it can work for student loans, too! Simply list all of your loan debts from smallest balance to largest. Start paying on the smallest balance first. Put every extra bit of money you have into paying off that first debt while still paying the minimums on everything else.
Once you’ve paid off the first debt, move to the second smallest balance. Take everything you were putting toward the first one and add it to the minimum of the second balance. Once that debt is paid, move on to the next one and repeat the process until you’re finally out of debt.
You might be thinking, Ugh, this is going to take forever! It definitely isn’t going to happen overnight. But as you work the debt snowball method, you’ll feel the progress you’re making as each student loan disappears. Knocking those little ones out first will give you a couple of quick wins to keep you motivated as you start paying off the larger student loans fast!
Just make sure you don’t pocket the payment money from the loans you pay off—roll that money into the next loan payment.
The Best Way To Pay Off Student Loans Fast - Debt Snowball Method
Stay Motivated and You’ll Be Paying Off Student Loans Fast
Look, we’re not here to beat you up over taking out student loans in the past. But we do want you to realize the power of living debt-free. There’s no need to drag out your student loan payments for the next 25 years. When your money doesn’t have Sallie Mae’s name on it every month, you can do so much more with it!
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DISCLAIMER: This content is my personal opinion and is intended for general information purposes only, not financial advice. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses a considerable risk of loss. The speaker will not be held responsible for any losses or gains. Always do your own research and advise a professional before making your own investments.
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DISCLAIMER: This content is my personal opinion and is intended for general information purposes only, not financial advice. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses a considerable risk of loss. The speaker will not be held responsible for any losses or gains. Always do your own research and advise a professional before making your own investments.
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https://www.youtube.com/watch?v=tSEvEvUFH6U
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DISCLAIMER: This content is my personal opinion and is intended for general information purposes only, not financial advice. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses a considerable risk of loss. The speaker will not be held responsible for any losses or gains. Always do your own research and advise a professional before making your own investments.
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Quicken Loans has become the nation’s largest mortgage lender even though it doesn’t operate any branch offices. When you apply for a mortgage from Quicken Loans, you can work out the details over the phone, or complete the entire process online through the company’s Rocket Mortgage division.
Quicken Loans overview
Minimum credit score
620 for conventional and (generally) for VA loans
580 for FHA loans
760 for jumbo loans on purchases, 700 for refinances
Loan types
Conventional fixed-rate mortgages
Adjustable-rate (ARM) products
VA and FHA loans
Jumbo mortgages
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Lender fees
Quicken Loan fees include origination fees, rate-lock fees and closing costs. These expenses vary by loan type and taxes. According to Quicken Loan’s website, closing costs average between 2 to 6 percent of the purchase price.
Closing costs include things like title fees, recording fees, appraisal fees, credit report fees, pest inspection, attorney’s fees, taxes and survey fees.
Minimum borrower requirements
Quicken Loan generally follows the conforming loan requirements for mortgages approved by government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, as well as those backed by the Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA).
For conventional loans, key requirements include good credit (typically a FICO score of 620 or higher) and a minimum down payment of 3 percent. However, anything less than 20 percent down will trigger the private mortgage insurance (PMI) requirement.
Borrowers must also have a debt-to-income ratio (DTI) of no more than 50 percent as well as 2 to 6 percent of the purchase price in cash reserves to cover the closing costs.
For FHA, VA and USDA loans, those requirements are set by the government. You can find them here:
FHA loan requirements
VA loan requirements
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