Why Does My Mortgage Lender Need So Much Information?

Why Does My Mortgage Lender Need So Much Information?

Q: I’m applying for a mortgage through my credit union and I’m a bit surprised at the amount of information they’re asking for to process my loan. Why do they need to know so much about me to grant me a home loan? 

 

A: Exhaustive research into the financial, personal and

Category: Home Ownership

New Cars vs. Used Cars

New Cars Vs. Used Cars

Q: I need a new set of wheels and I’m wondering if it’s better to spring for a new vehicle or to go the cheaper route and buy a used vehicle. What do I need to know about each kind of purchase? 

A: Any decision surrounding a purchase as large as a car needs to be made with careful research and consideration. There are pros and cons on both

Category: Financial Wellness