Request Itemized Bills: Request detailed bills from your healthcare provider to avoid erroneous charges. Consider Credit Counseling: If your debt is overwhelming, consider speaking with a credit counselor for personalized advice. Conclusion Medical debt certainly can affect credit scores, but recent reforms have begun to lessen its impact. By understanding how medical debt interacts … Read more
Can Your Mortgage Go Up? Understanding Changes in Monthly Payments Many homeowners settle into a comfortable routine with their monthly mortgage payment. However, there may come a time when you receive a statement reflecting an increase in your payment amount. This can be surprising and unsettling. The good news is, there are usually clear explanations … Read more
2024 proved to be a rollercoaster year for mortgage rates. Unlike the previous years with historically low rates, 2024 saw a significant rise in response to the Federal Reserve’s efforts to combat inflation. Let’s delve deeper into the trends that shaped the mortgage market in 2024. Early Predictions and Rising Rates Financial experts initially predicted … Read more
A housing market crash can be a scary prospect for homeowners. It can trigger a domino effect of falling property values, tightened lending standards, and unfortunately, increased foreclosures. But what exactly happens to your mortgage during such a downturn? Let’s delve into the potential consequences and explore strategies to navigate this situation. Decreased Home Equity … Read more