Bank of America: How do I build credit from scratch? Bank of America Bank of America

Building your credit for the first time can feel a little like the chicken and the egg. To build a good credit score, you’re going to need take out a loan or get a credit card. But you can’t qualify for a loan or get a credit card without some credit history,right? So, what do you do?Let’s start with a bank account.
You don’t really need a long credit history to opena checking account at your local bank.  In fact, you may have a one already.  Even thougha checking account won’t necessarily help you build credit history with the bureaus,that account may help you get your first credit card or loan from the same provider.

Man Convicted of 3 Rapes Is Exonerated

Broadcast Center In Los Angeles, This Is "CBS 2 News" At5:00 P. M. Pat: An Emotional Day In L.

A. Courtroom. A Judge Threw Out A Case Of Aman Convicted Of Three Raids that He Did Not Commit.

Paul: Randy Paige Explains The evidence That Helped To Prove his Innocence. Reporter: Luis Vargas Waited For 16years To Hear These Words. He Is, In Fact, Innocent.

This Superior Court Judge Declared At His 1999 Conviction for Sexually Assaulting Three that Comes.

Attorneys Of The California Innocence Project At The Western school Of Law Compelled The testing Of DNA Evidence From One of His Alleged Victims.

The Result Of The Test?The Victim's Clothing Did No-Show His DNA.

Reporter: Crystal Nunez-Vargas was 10 Years Old When Her Father was Taken Into Custody. Not Having A Father Is difficult. You Do Not Have A Sense Of protection And Security. And Growing Up, I Would Cry myself To Sleep.

30 Yr. Old Couple Payoff Their 30 Year Mortgage in Just 6 1/2 Years!!!

Michael and Beth Rosenblum Paid Off Their 30 Year Mortgage In Just 6 1/2 Years! Without Refinancing, Without Changing Their Payments, and With No Increase To Their Monthly Budget!!

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Introduction to Mortgage Loans

This is me right here. And I've been able to save up $125,000 dollars. I've been able to save up $125,000 but I would really liketo live in that house so I go to a bank. I go to a bank, let me get a good color for a bank. That is the bank right there. And I say, "Mr. Bank, can you lend me"the rest of the amount I need for that house?"Which is essentially $375,000. I'm putting 25% down. This number right here,that is 25% of $500,000. So I ask the bank, "Can I have a loan for the balance?Can I have $375,000 loan?"And the bank says, "Sure. You seem like a nice guy"with a good job who has good credit rating. "I will give you the loan but while you'repaying off the loan you can't have the title of that house.
"We have to have that title of the house"and once you pay off the loan,"we're going to give you the title of the house. "What's gonna happen here is the loan is gonna go to me,so it's $375,000. $375,000 loan. Then I can go and buy the house. I'm gonna give the total $500,000,$500,000 to the seller of the house,and I'll actually move into the house myself,assuming I'm using it for my own residence. But the title of the house, the documentthat says who actually owns the house. This is the home title. This is the title of the house. Home title. It will not go to me.

What Is a Home Equity Loan?

A home equity loan is simply where you're taking a second mortgage against your house. So, I know that might sound a little confusing, but let me give you an example.

Let's say my house is worth $300,000, and I have a mortgage on it, and I owe $200,000 on that mortgage. So, that means there's $100,000 of equity there in that property. And one of the challenges, sometime, is you pay your mortgage down, you might want to use that equity or some of that value, for other financial goals you're looking to achieve. So, how do you do that?

The way you do that, is by taking out a home equity loan against the property. And most home equity loans might be a 10 or 20 year loan, and you're borrowing the money. And typically you're gonna pay a little higher interest rate than you would on your regular mortgage, because, technically, if you don't make your payments, the bank that holds the first mortgage has the first right to your collateral. And the lender for the second mortgage, or the home equity loan, would be next in line. So because of that, there's a little bit more risk, and you'll often be assessed a little bit more interest, because of that risk.

Game of Loans

I’m guessing you’ve heard of the acclaimed TV show “Game of Thrones. ” Seven kingdoms vying for power, plots within plots, watch your back or lose your head. It’s great. But you’ve probably never heard of a real life drama that I call the “Game of Loans. ”That’s a game Washington politicians play on young people, that is, college students, every day. 

Just like “Game of Thrones,” the “Game of Loans” has plots within plots, big winners and big losers. The winners are politicians and colleges. They fool students into thinking that by generously providing ever-larger college loans to cover ever-larger tuition costs, they have earned students’ votes at election time. Why do I say students are fooled? Because it is thanksto the very politicians who promise students more and more aid -- in league with the colleges-- that college tuition became so expensive in the first place. Here’s how the game works. 

Get lower costs on monthly premiums in the Health

When you shop for insurance at the health insurance marketplace you’ll find good quality health plans,and by answering a few simple questions we’ll be able to see whether you’re eligible for one or more no cost or low cost insurance programs,like Medicaid, the children’s Health Insurance program, and a new benefit called the Advance Premium Tax Credit.
Which is available only through the Health Insurance Marketplace. What makes the Advance Premium Tax Credit “advanced” is that you get the credit each month,instead of waiting until you file your Federal tax returns the next year.

With APTC, part of your monthly payment is made by the Federal government directly to the health plan in which you’ve enrolled.

How to choose a plan in the Health Insurance Marketplace

How to pick the right health insurance plan how do you find a health insurance plan that fits your budget and meets your needs?

A good plan protects you and your family at a price that’s right for you.
You can feel safe knowing that all Marketplace plans cover a core set of essential health benefits,like check-ups, having a baby, emergency care, prescription drugs and more. Most Marketplace plans must also include free preventive care like shots and screening tests. And don’t worry if you have a pre-existing condition.

You’ll see the same plans at the same cost as everyone else. You can’t be denied coverage. Here are a few things to think about before you look at health insurance plans:Health insurance is a contract between you and your insurance company. You buy a plan, and the company agrees to pay part of your medical costs when you get sick or hurt.