How to Get Preapproved For a Mortgage Loan

Prequalification Vs preapproval In this article, I will try to use one stone to kill two birds. I will provide you a guide on how to get preapproved for a mortgage loan and at the same time show you the difference between prequalification and preapproval. It is good that I start with the basics so that you have a full understanding of the topic. A wise man once said that the best way to start anything is to begin from the beginning. That is true. Imagine someone who wants to build a house and decide to start the house from Continue ReadingHow to Get Preapproved For a Mortgage Loan

Understanding Umbrella Insurance

What is Umbrella Insurance? There may be somebody out there like me who may be wondering about what the umbrella insurance means and what it covers. The first time I heard about umbrella insurance, I was totally at sea. At least I had little understanding of different types of insurance. I understood that auto insurance is the insurance policy you buy to provide coverage for certain incidents involving your car. I understood that homeowners purchase home insurance to protect their home property. I also understood that renters do buy renters insurance to protect their belongings. The question now is, Why Continue ReadingUnderstanding Umbrella Insurance

Tips on How to Build Good Credit History

The importance of building good credit history cannot be over-emphasized but it will take conscious efforts on your part to make it happen. Before you can even think of having good credit, you need to have an established credit history in the first place. If you are applying for a credit card for the first time, there is likelihood that most of the credit card companies will reject your application. This does not necessarily mean that you are having bad credit. It is because you don’t have any credit history. Credit card companies need your credit history in order to Continue ReadingTips on How to Build Good Credit History