Can you buy a house with bad credit?

How Is Credit Score Calculated?

Your credit score is calculated by Equifax based on the information filed in your credit report at a specific point in time. There are several important contributing factors that are considered in calculating your credit score. This includes the type of credit provider, the type and size of credit requested in your application, the number of credit enquiries and shopping patterns, directorship and proprietorship information, age of credit report, pattern of credit enquiries over time, personal details, late payments, court writs and default judgements, bankruptcy or part 9 or 10 history and more.

Below 509 (Below Average)

510 to 621 (Average)

622 to 725 (Good)

726 to 832 (Very Good)

833 to 1200 (Excellent)

To learn more about how Equifax calculates your credit score, you can visit the company’s official website.

Can you buy a house with adverse credit?

The chances of getting approval on your mortgage application with a score above 600 are high. But can you still get a home loan if your credit score is below 500? Yes, lenders like Non Conforming Loans cater to borrowers that can’t get approval from mainstream lenders because of their bad credit scores.

Non Conforming Loans offer what is known as bad credit home loans to high-risk borrowers with low credit scores or adverse credit impairments. Bad credit home loans are similar to regular home loans, but with much higher interest rates and less choice home loan options. These limitations are due to the risk associated with lending to people with low credit scores which are perceived as greater for the lender.

A bad credit home loan can be refinanced to a prime bank loan once your credit file is clear.

How long does information stay on my credit file?

Repayment history – Up to 2 years

Your repayment history shows whether you have made your payments on time each month for credit accounts and products.

Enquiries – 5 years

When you apply for a credit product, a credit enquiry is recorded on your credit file by the credit provider.

Paid and Upaid Defaults and Judgements– 5 Years

A default is recorded on your credit file if your payment of $150 or more is overdue by 60 days or more.

Bankruptcies or Part 9 or 10 – 5 years

Credit files and reports will include publicly available information about personal insolvency, including bankruptcies. These will stay on your credit report for at least 5 years and sometimes longer, up to 7 years for a serious credit infringements.

Is there a guaranteed home loan approval with a Bad Credit Lender?

No, Bad credit lenders still have their own internal guidelines regarding which loan application they approve, which often depends on a variety of factors depending on whether defaults are paid or unpaid or the dates that these were listed. It may be best to use the services of an experienced mortgage broker in such a scenario, as they can suggest which bad credit funder is likely to have a home loan product that suits your needs.

Applying with a lender directly and getting rejected will negatively impact your credit score further because each application submitted will reflect on your credit file.

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How to Invest in Stocks for Beginners?

If you want to invest in the stock market but don’t know where to start, read on.

A $10,000 S&P 500 index investment 50 years ago would be worth roughly $1.2 million today. When done effectively, stock investing can produce long-term wealth. Here’s how.

Ways to invest in stocks.
Shares: If you have the time and inclination, you can invest in specific equities. If so, we recommend it. Smart, patient investors can beat the market over time. If quarterly earnings reports and moderate math don’t seem attractive, there’s nothing wrong with a passive approach.

You can buy individual equities or index funds that track the S&P 500. We prefer passive funds to actively managed ones (although there are certainly exceptions). Index funds have reduced costs and replicate their underlying indexes’ long-term performance. The S&P 500 has returned around 10% annually, which can generate wealth over time.

Robo-advisors have become popular in recent years. A Robo-advisor invests your money in index funds based on your age, risk tolerance, and investment goals. Many Robo-advisors optimize tax efficiency and make improvements over time.

Set your stock investment budget.
First, we’ll discuss stock money you shouldn’t invest. You shouldn’t invest money you’ll need within five years in the stock market.

Long-term, the stock market will rise, but short-term stock prices are too unstable — a 20% decrease in a year isn’t unusual. During the COVID-19 epidemic in 2020, the market dropped more than 40% and recovered within months.

Your contingency saving account

The sum of money that will be required for the subsequent payment of your child’s tuition.

Funds for the vacation in the following year

Even if you won’t be ready to purchase a house for several years, you should start setting aside some cash for a down payment as soon as possible.


Let’s speak about investing money you won’t need within five years. Asset allocation involves several criteria. Age, risk tolerance, and investment goals are key factors.

Your age? Stocks grow less desirable as you age. Young people have decades to ride out market ups and downs, but retirees rely on investment income.

Here’s an asset allocation rule of thumb. -110 your age This much of your investable money should be in stocks (this includes mutual funds and ETFs that are stock-based). The rest should be in bonds or high-yield CDs. Depending on your risk tolerance, modify this ratio.

Say you’re 40. This rule proposes investing 70% of your money in equities and 30% in fixed income. If you’re a risk-taker or plan to work into retirement age, adjust this ratio toward stocks. If you don’t like huge portfolio volatility, you may wish to adjust it.

Investment account.
If you can’t buy stocks, all the stock buying advice for beginners is useless. This requires a brokerage account.

eToro, TD365, and others offer these accounts. Opening a brokerage account usually takes minutes. You can fund your brokerage account via EFT, cheque, or wire.

Opening a brokerage account is easy, however, consider these factors before choosing a broker:

Account type.

First, choose a brokerage account. For most beginners, this means deciding between a brokerage account and an IRA (IRA).

Both accounts allow buying equities, mutual funds, and ETFs. Why are you investing in stocks? How easily do you want to access your money?

If you want easy access to your money or wish to invest more than the annual IRA contribution limit, you’ll want a conventional brokerage account.

IRAs are wonderful for building a retirement nest egg. Traditional and Roth IRAs are the two basic categories, although there are also SEP and SIMPLE IRAs for self-employed and small business owners. IRAs are tax-advantaged ways to buy equities, but you can’t withdraw money until you’re older.

Cost-benefit analysis.

Most online stock brokers have abolished trading commissions, thus most (but not all) are cost-equal.

Other differences exist. Some brokers give new investors instructional tools, investment research, and other benefits. Others offer foreign stock trading. And some have physical branch networks, which can be nice if you want face-to-face investment guidance.

The broker’s trading platform is also important. Some are more “clunky” than others; I’ve used many. If you can try a demo version before buying, do so.

Buy stocks.
Now that you know how to buy stock, here are five beginner-friendly investment choices. I can’t cover everything you should know about selecting and analyzing stocks in a few pages, but here are the basics:

Make sure your investments are spread out.

Ensure that you only invest in companies that you fully comprehend.

Stay away from equities with a high level of volatility until you get the hang of investing.

Always stay away from stocks with a low price.

Gain an understanding of the fundamental ideas and measurements used to evaluate equities.

Diversify your portfolio by including a variety of companies. Too much diversity is dangerous. Stick with firms you understand, and if you’re skilled at appraising a certain stock, there’s nothing wrong with having a substantial portion of your portfolio in that industry.

Buying flashy high-growth stocks may seem like a good way to gain wealth (and it may be), but I’d recommend waiting until you’re more experienced. It’s better to build your portfolio on reliable, established companies.

Invest more.
Here’s one of Warren Buffett’s investment secrets. Exceptional results don’t require extraordinary actions. Warren Buffett is the world’s most successful long-term investor and a great source of investment advice.

Buy shares of fantastic companies at reasonable prices and stay on to them as long as they’re great (or until you need the money). You’ll suffer some volatility, but you’ll get good returns over time.

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4 Tips To Help You Enjoy A Successful Crypto Trading Career

Today, if you want to make a lot of money with Bitcoin, your best bet is to go for trading instead of investing. All you need to do is buy and sell your coins and earn a small amount of profit after each sale. If you are just getting started, you will have to start from scratch just like everyone else. If you play the game well, you can make tons of money in a short period of time. In this article, we have some tips that can help you enjoy a successful cryptocurrency trading career. Read on to find out more.

You need to consider a lot of important things if you are interested in making tons of money trading Bitcoin. It all boils down to your experience and intelligence. Without further ado, let’s take a look at some tips that can help you make plenty of money and avoid some common mistakes.

1. Know the Risk First

This is one of the most common mistakes that most traders make. If you don’t know about the risk involved in this trade, you should not go on this adventure. If you are unaware of the challenges, you may end up losing a lot of money.

Before you invest your hard-earned money, you may want to evaluate the risk. So, this is one of the most important things to consider.

2. Diversify your Investment

When it comes to Bitcoin trading, we suggest that you diversify your investment. This applies to all types of investments. In other words, if you want to invest in Bitcoin only, you are going to make a mistake. You also need to invest your money wisely in other cryptocurrencies.

This is important if you want to be on the safe side and reduce your losses and turn them into profit.

3. Be Patient

Money does not grow on trees. All of the traders enter the world of cryptocurrency to make money. However, you cannot make money right away once you have purchased your desired cryptocurrency. And then there is no guarantee that you will continue to make a profit throughout your journey in your career. Therefore, you may want to get ready to deal with this type of situation.

4. Don’t be Greedy

Lastly, it is important that you stay away from greed as this is your biggest enemy when it comes to trading cryptocurrency. Since Bitcoin prices continue to fluctuate, you have to have patience. It is not a good idea to fear the fluctuations and sell your coins right away. So, if you don’t have patience, you cannot achieve success in your career as a trader.


Long story short, these are some of the most helpful tips that you can try if you want to achieve success as a cryptocurrency trading. If you play the game well, you can make a good deal of money in a couple of years if not months.

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The Beginners Guide to Crypto Currency Exchange

Cryptocurrency Exchange or Digital Currency Exchange is a business that involves the exchange of cryptocurrency with other assets such as money or any other digital currency. It is a web service that provides electronic transactions in electronic forms and taking fees for them.

Any transactions or operations to Digital Currency Exchange can be made through debit and credit cards, postal money order or any other kinds of money transfer. This article is about discussing the various cryptocurrency exchanges which facilitate crypto currency trading for beginners and what they offer in terms of availability, ease of use, security, deposit/withdrawal methods and fees. We hope this guide to cryptocurrency trading can help you get started with cryptocurrency exchanges.


Coinbase is one of the biggest cryptocurrency exchanges based in San Francisco, California. It is available in 32 countries and currently serves over 10 million customers. Launched in 2012, it has an easy to use interface that makes Digital Currency Exchange an easy task for a non-technical person. It is also available for both iOS and Android. Unfortunately, Coinbase doesn’t provide crypto currency mining for beginners and is only an exchange.

As of now, it offers four coins, Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. It exchanges digital currency with US dollars, Euros and Great British Pounds. With minimum transfer fees, Coinbase has never experienced any security breach which makes it a perfect platform for digital currency exchange. In addition to that, Coinbase also offers a fully-fledged advanced exchange called GDAX. It offers more advanced features and different and better trading fees than Coinbase.


Bitstamp is another platform that provides digital currency exchange. It is relatively easy to use and offers more advanced features via TradeView. Bitstamp offers coins such as Bitcoin, Litecoin, Ethereum, Bitcoin Cash and ripple. It exchanges digital currency with US dollars and Euro. You can put into practice all the latest crypto currency trading techniques in this exchange.

It offers Flat deposits via bank transfers and supports debit/credit cards. Perhaps the only drawback one can find in Bitstamp is slightly high fees and the fact that it suffered one security breach in 7 years of its operation. Nonetheless, it is one the most reliable exchanges. It is available in both iOS and android.


Gemini is a UK based company launched in 2015 by Winklevoss twins. It is available in few countries including U.S, Canada, Hong-Kong, Singapore and South Korea. One of the downsides to this platform is that it is not particularly user friendly. So, beginners are not recommended to use this platform.

It offers two coins and 1 FLAT currency Bitcoin Cash, Ehtereum and US Dollars. Gemini follows strict protocols when it comes to security and as of 2018, it has not encountered a single security breach thus making it one of the most secure and reliable digital currency platform. However, it is important to have digital currency investment strategies before you start trading.

Digital Ticks

Digital ticks is a modern crypto exchange that aims to be a game changer in this sector. They have implemented many of the latest techniques which makes it easy for anyone to get started with trading.

It has a unique feature called a Single Portfolio View that would enable the traders to see all the holding positions on one single portfolio. It would be easy for traders to make informed decisions regarding the cryptocurrency exchange by using this unique feature. It also supports Bitcoin, Ethereum, Litecoin and Dashcoin.


Kraken is one of the oldest cryptocurreny exchange platform. Launched in 2011, kraken is the biggest exchange in terms of volume and liquidity for EUR trading pairs. It serves worldwide including the US.

Kraken offers a variety of coins including Bitcoin Cash, Ethereum, Monero, Augur, Litecoin and many more. It also supports deposit/withdrawals via bank transfers and cryptocurrencies. Having a not so friendly user interface, it also suffers from stability and performance issues but nonetheless, it is good platform for cryptocurrency exchanges.


Bitfinex is the largest cryptocurrency exchange platform. Launched in 2012, it has an easy to use interface and offers advanced number of features such as margin trading, margin funding etc. It is available for both iOS and android platforms. It offers BTC, BCH, ETH, LTC, IOTA, XMR and NEO.

Just like the previous cryptocurrency exchanges, it supports withdrawals using US dollars and Euros via bank transfers. Bitfinex has suffered two security breaches, the first one was in May 2015, which resulted in a loss of $330,000. And the second one on August 2016 that resulted in a loss of worth $72 million.


EtherDelta is a decentralized exchange that directly supports peer to peer connection. It is very different from the previously discussed cryptocurrency exchanging platform. Here, funds are held in a smart contract on a Ethereum network which you are solely responsible for depositing and withdrawing from. Currently, EtherDelta only supports Ehtereum based tokens.

EtherDelta has a rather confusing interface that makes it difficult for users to perform cryptocurrency exchange operations. In one occasion, someone tried to buy 750 Kyber for 0.007 ETH each but ended up buying 0.007 KNC at 750 ETH.


After looking at the various cryptocurrency exchanging platforms, we can safely say that Coinbase and Bitstamp stands out in terms of its good features like security, user friendly interface, multiple withdraws/transfer methods and many more.

I would not call them perfect but I would recommend that it is the safest bet you can make. Every cryptocurrency exchanging platform are unique in its own way and has both advantages and disadvantages. We just have to select the one that suits our needs. We hope that this guide on basic crypto currency exchange and trading would give you a head start in your journey of Cryptocurrency trading.

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Grow Your Crypto On DeFiEarns: The Aggreagator Of Crypto Yield Farming Rates

2021 has become a boom-year for DeFi. The DeFi market grows so fast, and it’s even hard to follow all the changes.

Why is DeFi so special? Crypto market gives a great chance to earn more money in many ways: decentralized exchanges, yield aggregators, credit services, and even insurance – you can deposit your tokens in all these projects and get a reward.

But the hottest money-making trend has its tricks. New DeFi projects are launching everyday, interest rates are changing all the time, some of the pools cease to exist – and it’s a big headache to keep track of it but you should to.

Well, the solution is here. We created a ranking service of DeFi yield farming projects that will help you to find a reliable project with the highest interest rates for your safe investment of cryptocurrencies and tokens.

The aggregator of crypto yield farming ranking was launched on 1st of August in 2021.

It maintains 56 projects – DEX’es (PancakeSwap, MDEX), Yield Farms, Yield Aggregators/Optimizers (PancakeBunny, Beefy Finance, AutoFarm), Lending Platforms (Venus, Annex Finance), and even Leveraged Yield Farming projects as Alpaca and Alpha Home are listed there. supports just 3 networks yet – Ethereum Mainnet, Binance Smart Chain and Polygon. But in 2 months it will be completed with other the most popular networks.

Clear interface and easy filters make everything simple. users can keep up to date with interest rates both for a token and for a pair of tokens in multi-token pools where 3 or even 4 tokens can be deposited. Investors can also track the ranking change history and total value locked (TVL) in different pools and on different farms.

Don’t miss the yield just storing your tokens idly – multiply your crypto on

But note that investing in DeFi is risky: impermanent losses, project hackings, Oracle bugs and high volatility of cryptocurrencies – these are the problems DeFi yield farmers face all the time.

How does work
Just follow the link on, and type the name of a token you have in a search box – then choose the best interest rate but don’t forget to check TVL first. The higher TVL ranking – the more reliable the project.

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What Might Be Next In The Economy?

Since, we don’t have a crystal ball, it is impossible to predict, accurately, the future! This is especially true, when, it comes to economic issues, including investment, real estate, interest rates, inflationary pressures, government actions, international factors, etc. What are the ramifications of inflation, recession, interest rates, Federal Reserve Bank decisions, etc? How can one, hedge – his – bet, in order to minimize unnecessary risks, while receiving a quality return, also? There is no simple answer, because so many factors, have significant influences. With, that in mind, this article will attempt to briefly, consider, examine and review potential factors, in order to help readers, have a more – complete understanding of the possibilities.

1) Interest rates: We have experienced a prolonged period of historically – low – interest rates. This has created easy money, because the cost of borrowing is so low. Both individuals and corporations have benefited, at least, in the immediate- term, permitting home buyers to purchase more house, because their monthly charges, are low, due to low mortgage rates. Corporate and government bonds, and banks, have paid low returns. It has stemmed, inflation, and created a rise in home prices, we haven’t witnessed, in recent memory. The Federal Reserve Bank has signaled they will be ending this propping – up, and will also raise rates, probably three times, in 2022. What do you think that will cause.

2) Auto loans, consumer loans, borrowing: The auto industry has been, significantly, impacted by supply chain challenges. When rates rise, auto loans and leases, will be more costly.

3) THis pattern began after the Tax Reform legislation, passed at the end of 2017, which created the initial, new, trillion dollars deficits

4) Government spending, caused by the financial suffering and challenges, because of shut downs, etc, because of the pandemic, created trillions more in debt. Unfortunately, debt must be eventually addressed.

5) Perception and attitude: The past couple of years,apparently, created a public perception, plus many fears, with a crippling economic impact.

Either, we begin to plan, effectively, and with common sense and an open – mind, many will be at – risk. Wake up, America, and demand better leadership, service and representation.

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Some Dangers From Pandemic Fatigue

Open your Bible to 1 Thessalonians 4:1 it says… Finally, then, brothers, we ask and urge you in the Lord Jesus, that as you received from us how you ought to walk and to please God, just as you are doing, that you do so more and more. Go ahead and highlight that scripture.

Will you trust God to teach you in the way you should go? You need wisdom to live for His righteousness, His love and devotion to Christ Jesus. You see, you have to develop the habit of listening to God. He may give you direction you have never had before. Like what? God wants you under the influence of His Word. God wants you to live by godly principles in His Word.

God wants you to give Jesus first place! This is vital for your Christian walk! Jesus is your connection to the throne of God. You see, in this world, it is very easy to become distracted from God. Many people follow some other path apart from God’s will. But the foundation of all spiritual truth is obedience to God through the power of the Holy Spirit.

The Bible tells you to praise the Lord! He is truly worthy of worship. Love no one not even yourself – more than you love God. Every morning you should be asking God to fill you with His presence. You want to be filled by the Spirit so that you’re led by Him. You love the Word, study the Word and learn the Word. Why? To live your life to please God. His Word is true wisdom for you to walk in His instructions.

If you want to live your life to please God give His Word a place of first priority! Scriptures will come alive on the inside of you. You’re knowing God for yourself and the importance of being led by the Spirit of God. Many people won’t like the new you, but you’re not living to please people, you’re living to please God.

You don’t need people approval when you have God’s approval! You want the praise of God more than the praise of people. Quit worrying about what everyone thinks and do what God has put in your heart.

God will put a new testimony in your mouth! You may think there is a lot wrong with you, but there is also a lot right with you. God is continually shaping and molding into the person He wants you to be. Stop focusing on what you can’t do, and start focusing on what God can do.

Serve God and worship Him and continue to seek His will. How? You have to establish a passionate relationship with God’s Word. Believe His Word, trust His Word, study His Word, thank Him for His Word. But always remember the devil will do everything he possibly can to lure you away from God. The devil does not want you to grow in the knowledge of King Jesus.

Many people never seriously read the Bible! But you need to be a student of God’s Word and doer of God’s ways. Be a Christian that reads scripture and prays. The Holy Spirit won’t adjust to you, you must adjust to Him! Use your voice to worship Him and lift up the name of Jesus! Now, raise your hands and say, “I live to please God, more and more!”

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