Making good decisions about the home that you purchase to live in (or as an investment) is critical for being prosperous and building your financial wealth. To help you make better decisions with regard to how you’ll finance your home or another property, this article covers the essentials of how mortgages, not only answering the…
Prosperopedia.com’s mission is to provide resources and guidance to our visitors that will help them make good educational and financial decisions. In keeping with that mission, this article about Udacity introduces their Nanodegree opportunities as a way to improve earning potential through “nano”-sized learning models that are the future of technology education. Education is changing….
The quickest and likely most efficient way to start and build a billion dollar company is to create and sell a software product that has appeal to the masses. To build a billion dollar company, you’d essentially need to assemble and manage a team capable of creating, effectively marketing and selling the software, along with…
People always seem to be looking for shortcuts to getting what they want. While it’s certainly true that there are more effective and efficient ways of accomplishing something as well as less efficient and less effective methods, easy shortcuts typically don’t produce what most people hope they would. This principle applies to the 609 Dispute…
If you have substantial debt, you’re much like the average American, who carries a personal debt load of about $30,000. That number doesn’t even include a mortgage, which is usually considered a good kind of debt. Instead, that $30,000 average debt load (as reported by Northwestern Mutual’s 2019 Planning and Progress Study) on Americans consists…
Chase Bank is one of the largest banking institutions in the United States, with nearly 5,200 branches spread throughout the country. However, if you live in the Albuquerque, New Mexico area, you’re (currently) out of luck if you bank with Chase (or want to), and you need to access a local branch. Closest Chase Bank:…
The Federal Housing Authority, a division of the United States Department of Housing and Urban Development and the world’s largest insurer of home mortgages, was created to help people in the US achieve the goal of owning a home. To that end, FHA is heavily involved in helping people have access to home ownership, everything…
Wells Fargo is one of the largest lenders in the United States, one of the biggest banking institutions in the world. They offer all sorts of loans ranging from traditional home purchase mortgages to student loans, personal loans, auto loans, and business loans. Wells Fargo knows a thing or two about lending, including what causes…
Article Summary The official debt-to-income or DTI ratio guidelines for FHA home loans is 31%/43%, or 31% for the front-end ratio and 43% for the back-end ratio. These guidelines are not strictly followed among FHA lenders, who consider other factors in considering a loan application, including a borrower’s credit score, how much money is being…
This article takes a look at continuing legal education (abbreviated as CLE or often MCLE – M standing for mandatory or minimum, depending on who you ask or what state they’re from) requirements on a state by state basis. All states allow legal professionals to use online courses to count for some portion of their CLE…