Chonce Maddox Rhea

Choncé Maddox Rhea is a Certified Financial Education Instructor (CFEI) and freelance writer who loves to help people find ways to manage their money better, pay off debt, and save more. She lives in the Midwest with her husband, son and their two pets.

Here's why mortgage rates are on the rise

Wondering why mortgage rates are suddenly going up? This is due to a variety of factors, but now could still be the perfect time to make a move if you are looking to buy a home or refinance at a lower rate.

Getting a joint mortgage? Here’s how your credit score factors in

If you're thinking about getting a joint mortgage with another person, one of the most important things to consider is how your credit scores will be factored into the approval process. Learn about the key benefits of getting a joint mortgage along with what to watch out for.

Is it worth getting a starter home?

A starter home is a common option for first-time homebuyers looking to get their feet wet in the housing market. While starter homes are generally cheaper, you could be giving up a lot of your preferences in a home or get stuck paying for costly repairs. Here's how to consider if a starter home is best for you. 

5 costs to save for when buying a home

A down payment is not the only thing you need to save for when you're thinking about getting a mortgage. There are many other expenses that could come up so it's best to prepare your finances so you won't be stretched too thin. When you're buying a new home, don't forget to save for these five costs.

Should I refinance my mortgage to consolidate debt?

If you have high-interest debt and some equity in your home, you might be able to get a cash-out mortgage refinance. This article will explain the pros and cons of doing a cash-out mortgage refinance along with some alternative options to pay off your debt.

How to pay off a $200,000 mortgage faster

While the average mortgage in the U.S. is around $200,000 you don't have to spend 30 years or more paying off your home. Check out these real tips to help you pay off your mortgage early.

Can refinancing a mortgage hurt my credit score?

Want to refinance your mortgage but are worried that it may hurt your credit? Refinancing can impact your credit score in a number of ways but usually, the money you save outweighs the affects on your credit.