Does Paying off a Loan Increase Credit Score?

January 23, 2012

Author: William M. Davis

Does paying off a loan increase someone’s credit score? Experts say it does. Shelling out cash to pay off a loan is almost always an excellent plan. Reimbursing the amount in full to a creditor helps, no matter what type of loan it is. Whether it is an auto loan, consumer credit loan, bank loan, credit card advance or home finance loan, paying it off has a double reward.

Mortgage Loan – The Good, the Bad and the Ugly!

April 13, 2010

Author: William M. Davis

Finding the right mortgage loan can be a challenge since you have many options. However, the mortgage that is right for you will depend on your current financial situation, the economic condition and if you have a high tolerance for risk. Knowing the pros and cons of different types of mortgage loans will help you make a more educated decision.
During the time that you own your home, you want to choose the mortgage with the lowest total cost.

If you only plan to live in your home for a few years, consider and adjustable-rate mortgage which will give you a …