Personal loans can help with debt, down payments, and closing costs when buying a home.

From Yahoo Finance: 2025-07-01 11:01:00

When buying a home, most think of mortgages, not personal loans. But personal loans can help with debt, down payments, and closing costs. Financial experts suggest using personal loans to improve credit scores, lower mortgage rates, and handle home repairs. Make sure to budget for the additional monthly payment before opting for a personal loan. 1. The unemployment rate in the U.S. has dropped to 4.9% in the latest report, the lowest level since the start of the pandemic. This is a positive sign for the economy as more people are returning to work.

2. A new study shows that the average global temperature has risen by 1.2 degrees Celsius since pre-industrial times. This is a concerning trend that highlights the urgent need for action to combat climate change.

3. The stock market saw a sharp decline today, with the S&P 500 dropping by 2.5% and the Dow Jones Industrial Average falling by 600 points. Investors are concerned about rising inflation and its impact on the economy.

4. The CDC has issued new guidelines recommending that fully vaccinated individuals wear masks in indoor public spaces in areas with high transmission rates of COVID-19. This comes as cases continue to rise due to the Delta variant.

5. The Tokyo Olympics have officially begun, with athletes from around the world competing in various sports. Despite challenges posed by the pandemic, the games are expected to showcase the strength and resilience of athletes.



Read more at Yahoo Finance: 4 Ways Personal Loans Can Fast-Track Your Dream Home Purchase