Busconómico's Blog

What are the discount points on a mortgage and how to use them

The dynamics of mortgage loans in the United States has some peculiarities that make it attractive and complex at the same time. It does not mean that it is difficult to understand, but rather it includes several aspects that are worth knowing before applying for a mortgage. In this category are the..

9/30/2022 Read more

What is the FHA? (Federal Housing Administration)

When applying for a mortgage in the United States, you have a wide variety of options at your fingertips. If you don't qualify for a conventional home loan, you can always go to the Federal Housing Administration (FHA). Given its importance, we will see in more detail how this institution appea..

9/29/2022 Read more

Types of bank accounts in the United States

The proper management of money is a topic that lends itself to a heated debate about the most appropriate ways to manage our resources. One of the threads of the question lies in the need or not to have an account in a bank or credit union for this purpose. Preferences aside, the time is right to r..

9/29/2022 Read more

Requirements to apply for a personal loan in the USA

As our productive life progresses, we may build the conditions for greater financing opportunities. Of course, this will depend entirely on whether we have acquired good economic habits and have healthy finances. A favorable situation will make it easier for you to apply for a personal loan and meet..

9/27/2022 Read more

What are Fannie Mae and Freddie Mac and their functions?

In the vast universe of US mortgage lending, there are several institutions that shape the real estate market. Among the best known are Fannie Mae and Freddie Mac, two government-backed companies that make buying a home easy. Due to its importance, we have to let you know about its creation and what..

9/27/2022 Read more

Usual fees and charges for credit cards in the United States

Credit cards are a valuable resource in those moments when you do not have liquidity and there is an emergency, a celebration or a trip. Although it is a great advantage to have it, it may also carry a price, like fees and charges that can be applied by the bank that issues it. May interest you: Ban..

9/27/2022 Read more

What is the Prime Lending Rate

When you're determined to improve your personal finances, you know you're going to have to deal with credit, rates, and different kinds of metrics. It may sound complex or boring, but once you internalize it, it's like keeping in mind the price of gasoline. For that reason, we would like..

9/23/2022 Read more

Types of mortgages in the United States

It would not be bold to say that the US economy, while the largest, is also one of the most diversified. People who live in this country must get used to having a wide variety of offers in banking instruments, especially in loans and credits. In this category, it's time to review the types of mo..

9/22/2022 Read more

Usual fees and charges for bank accounts in the USA

No matter where you look at it, most US bank accounts can also include some of those fees that we don't want to pay. When you contract savings or checking accounts, you have to be alert about the costs that certain operations imply. Therefore, we will break down some of the most common charges. ..

9/21/2022 Read more

What is the HUD (Dept. of Housing and Urban Development) and its Section 8

We would like to believe that government aid is only as good as its intentions, but theory is not always reflected in practice. In the United States there are many aid programs for people with limited resources, older adults or with a disability. That is why the HUD (Department of Housing and Urba..

9/20/2022 Read more

Types of loans in the United States

They say that necessity obliges, and many times we have to appeal to some type of loan to solve a situation or carry out a project. When there is a financial system that works, you know that you have financing options for different needs. As credit abounds in the United States, we will review the mo..

9/16/2022 Read more

What are payday loans and how to get them

American culture takes its institutions and credit instruments available to consumers very seriously. For this reason, at any time you have access to personal loans, online credits and even payday loans. Next, we reveal the details of this last type of express financing, which are a very popular alt..

9/16/2022 Read more

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