Homeowner Education

The latest news, tips, and tricks for homeowners

Discount Point

A discount point is a sum of money paid by the borrower or home buyer to the lender of the mortgage to decrease the interest

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Depreciation

Depreciation is a decrease in the price or value of an asset. Depreciation occurs when the market value of an asset is lower than the

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Debit Bureau

A debit bureau is an agency that collects and reports information on bank accounts, such as checking and savings. A debit bureau knows when consumers

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Debt Consolidation

Debt consolidation is a refinancing tactic in which someone takes out new loans to pay off her existing debt. The new loan combines existing debts

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Credit Utilization

Credit utilization refers to the amount of credit you have used compared with how much credit you have been extended by a lender. It also

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Credit Bureau

A credit bureau tracks the credit history of borrowers in order to generate credit reports and credit scores. Financial companies buy this information to help

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Credit Agreement

A credit agreement is a legally binding contract made between a person who borrows money and the lender. It is agreed upon by both parties

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