Busconómico's Blog

Why might you be interested in switching banks?

Maintaining a long-standing relationship with a financial institution is natural because it regularly offers you a variety of benefits. However, when things don't go according to plan and you find yourself losing money or receiving less than diligent attention, there are reasons to give another ..

11/22/2022 Read more

How to obtain 100% of the house value with a mortgage loan?

If you've ever wondered about the possibility of getting full financing for a home, the answer is that it does exist. Many people have the income necessary to pay a mortgage, but don't have savings for the down payment. Even so, in the United States you can get 100% of the value of the prope..

11/22/2022 Read more

How to add an authorized person to your credit card?

There are several reasons why adding an authorized person to your credit card might be beneficial to your or that person's personal finances. You may be thinking about improving a child's credit history, caring for a parent, or sharing expenses with a partner. It's a simple process that ..

11/16/2022 Read more

How to improve your mortgage terms?

Understanding the mortgage financing process can take time because of the small but many details that make a difference. If you already have a home loan or are thinking about buying a home through a bank, there's always a chance to get a better deal.Improving the terms of a mortgage will depend ..

11/16/2022 Read more

What can multiple bank accounts do for you?

There is no doubt that in order to achieve your personal goals, you need to be in the habit of saving and organizing your finances as best as possible. While many experts recommend having only one bank account, others propose having several. Since it comes down to what works best for you, here we w..

11/16/2022 Read more

What is the debt-to-income ratio?

Good personal finance management requires that you learn some basic concepts to understand the factors that allow you to borrow. This is the case with the debt-to-income ratio (DTI), an almost mandatory requirement to obtain a mortgage loan and other kind of loans. If you still don't know what ..

11/16/2022 Read more

How does a bad credit score affect you?

Having bad financial habits is karma that keeps you from that level of peace of mind you crave. If you add to this a bad credit score, you have the perfect recipe for regretting your financial decisions every day. Given this bleak outlook, we explain how an unfavorable credit score affects your qual..

11/16/2022 Read more

Quick online loans vs. traditional personal loans

The new way of banking is boosting the different figures related to personal loans. Thanks to the rise of the smartphone, recent economic crises and the need for urgent money, fast online loans have emerged as a solution. If you are still not completely clear about their differences, we will try to..

11/15/2022 Read more

What to do if your bank card is lost or stolen?

Taking care of our financial instruments is part of this new culture in which it is no longer necessary to carry so much cash. Although there is reason to panic when your credit or debit card is lost or stolen, the most sensible and practical thing to do is not to do it. To avoid this horrible feeli..

11/15/2022 Read more

What is debt consolidation and how to perform it?

Debt consolidation is a one-time situation that you don't want to face but is more common than you think. We say this because being drowning in fees, bills or lack of liquidity isn't exactly a dream life. Once you find yourself in this situation you can turn to this well-known method to bet..

11/15/2022 Read more

What is the Federal Housing Finance Agency (FHFA)?

There are agencies whose purpose is to ensure that the financial system that supports mortgage loans is in good hands. The Federal Housing Finance Agency, which complements the well-known Federal Housing Administration (FHA), was created for this purpose. Since we think it is important to know what ..

11/15/2022 Read more

How to refinance your mortgage loan?

Deciding to refinance a mortgage may make sense when the Federal Reserve lowers rates or when you need more money. However, taking out a new mortgage loan for convenience also means you'll have to go through the process all over again. Since we don't expect you to become a serial refinancer,..

11/15/2022 Read more

News and savings tips for your personal finances