Mortgage seasoning: What is it and what are the requirements?
It means you need to have money on hand to get a mortgage. And like fine wine — the longer, the better.
Chloe A. Moore, CFP®, is a member of Bankrate’s Financial Review Board and founder of Financial Staples, a virtual, fee-only financial planning firm based in Atlanta and serving clients nationwide. The firm is dedicated to serving tech employees who are entrepreneurial-minded, philanthropic and purpose-driven.
Moore was named an Investopedia Top 100 Financial Advisor in 2020, 2021 and 2022. She has contributed to Business Insider and was featured in Financial Advisor, Wealth Management, NerdWallet, U.S. News and other outlets.
In addition to promoting financial literacy through speaking, writing and volunteering, Moore also focuses on the cultivation of female and minority financial planners. Along with three colleagues, she recently launched the BLatinX Internship Program (BLX), which provides paid internship opportunities to aspiring Black and Latinx financial planners.
Moore believes that money is an emotional topic and it impacts many aspects of our lives. She enjoys helping clients unpack their money history and discover how they can use money to support a life that is most meaningful to them.
It means you need to have money on hand to get a mortgage. And like fine wine — the longer, the better.
The 2024 hurricane season is expected to be severe.
If you qualify for both a VA and conventional loan, consider the pros and cons of each.
LLCs are simple and flexible but corporations offer stronger protections.
The fees and complexity of variable annuities can far outweigh potential benefits.
While mortgage insurance primarily benefits the lender, it does serve a purpose for the borrower.
Debt forgiveness is helpful, but it’s not a Get Out of Jail Free card. Here are some pros and cons to consider.
Home-selling tips to help make sure you bring in top dollar.
We appreciate your feedback
Thank you for taking the time to share your experience.