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…
Our goal at Prosperopedia.com is to help you be informed about things that affect your financial well-being so that you can make decisions. In this article, we will discuss Wells Fargo Bank. I’ll explain some of the details about the bank and what products and services it offers as well as summarizing reviews that the…
My Recent Used Car Shopping Experience Recently my family outgrew our Toyota Sienna as we went from 6 kids to 7 with the birth of yet another little boy. After some research on various vans (including the Nissan NV3500, the Mercedes-Benz Sprinter, the Ram ProMaster Passenger, the Chevrolet Express, and a couple other options) that…
In this article, I will explain how to downgrade your Amazon Seller account so that you’re not being charged the monthly seller fee by Amazon. This is useful for Amazon sellers who are not selling enough to make paying the professional seller fee worthwhile. If you are ready to take your Amazon business to the…
This morning I received an email from Wealthfront, where I opened a savings account to take advantage of their industry-leading (as far as my research showed) 2.57% interest rate, no fee savings account. The email stated that because of a recent change to the federal funds rate, they APY for my savings account (similar to…
About seven years ago, I took my family on a trip to Yellowstone National Park. We had some friends with us who were visiting from China. We thought it would be a good idea to show them one of the novel things Americans do while they are traveling, so we rented a motorhome just outside…
Video Review from Wealthfront Account User The video review I’m including below of Wealthfront is a detailed review from an actual Wealthfront user, a vlogger who calls himself Wander001, who has been been using Wealthfront for over 3 years. In his review, he explains his experience using Wealthfront’s cash accounts as well as their robo-investment…
One of the benefits of working hard and getting ahead is having the opportunity to invest some of your hard-earned money into something that will produce more money. As my career developed, my businesses grew over a 10 year period, and I found myself having more and more cash available, it occurred to me that…
American Express is most commonly known for being a credit card provider, but did you know that they also offer online savings accounts and certificates of deposit (CDs) to consumers? American Express has a high yield personal savings account that doesn’t require a minimum balance and charges no monthly fees to have open. The American…
I found out recently about a limit on money transfers for Chase Bank accounts that is important to know about. If you need to transfer an amount of money larger than $100,000 to your Chase account, you cannot do that through Chase’s online portal. Instead, you’ll need to wire the money or otherwise make arrangements…