Skip to main content

The Manual may earn a commission when you buy through links on our site.

Buying a House? Credit Karma Finds You the Lowest Rates

Pay Off Your Debt and Build an Emergency Fund - Tips for buying your first home
Getty Images

If you’ve been carefully reading through how to buy a house in recent times then you almost certainly know the importance of getting the right mortgage for you and finding the lowest rates for your situation. It can be a confusing world out there, especially when it comes to financial information, but that’s why Credit Karma is here to help. Besides offering regular, free updates on your credit score, Credit Karma in particular is a great tool to learn all about how much you can afford to pay for a house and what your monthly payment will be. It simplifies the process so you won’t be confused by anything. Read on while we take you through just how effective it is.

What is the Credit Karma Home Buying Power Calculator?

Image used with permission by copyright holder

Credit Karma really couldn’t be simpler to use . All you need to do is head to the site and enter a few key details about your financial situation. That involves entering your monthly income before taxes, any down payment you can contribute, and any monthly debt payments you’re already dealing with, along with information on the mortgage interest rate you’re interested in.

Once you’ve entered those details, Credit Karma figures out the maximum home purchase price you can afford, along with the loan amount involved and what the monthly payments should be, as well as the lowest mortgage rates available to you. From there, you know exactly what to expect from your potential future home. Just keep in mind that you will need to be a Credit Karma user to use this too, but you can sign up for free now.

Why Should I Use Credit Karma?

Credit Karma members get more benefits than simply receiving a free credit score whenever you head over to the website or open the app.As a member, you also get recommendations on the right mortgage offers for you. It’s all based on your credit score, ZIP code, and mortgage amount, so there’s no need to answer lengthy or invasive questionnaires to search for the offers that are most suitable for you. Worried your credit score isn’t up to scratch just yet? Credit Karma can also provide advice on how to improve it and figure out the best methods for you to consolidate any existing debt.

When it comes to homeowners eligible for refinancing deals, Credit Karma lists them all directly on your dashboard so you can select them at any time, instantly learning which lenders are best for you to work with. It’s like having your own helping hand each step of the way.

What Other Features Does Credit Karma Offer?

Credit Karma also has its Home Pulse equity tracker. The feature allows its members to link their home to their Credit Karma account. That way, you can then track the value and amount of equity you have on your home at any time with an optional feature enabling you to enter your current mortgage rate. From there, Credit Karma gives you a heads-up on any good refinancing opportunities based on an actual offer from one of its partners rather than pursuing a one-size-fits-all solution that other trackers might provide.

For instance, if you have a 4.0% rate on your house and Rocket is offering 3.25%, Credit Karma will proactively let you know, just as if it were your very own financial advisor. It’s far more effective than relying on algorithms or more general recommendations.

How Secure is Credit Karma?

When providing any company with lots of personal information, you want to know that such information is being kept safe. That’s certainly the case with anything you offer to Credit Karma. The company prides itself on never selling your information to additional partners or lenders. Instead, only the company that needs to receive your contact information will ever get it.

While many of Credit Karma’s competitors may sell your information to multiple lenders, meaning you get unsolicited calls and emails, Credit Karma never does this. That way, you only get the calls and emails that you want to receive.

How Do I Use Credit Karma?

Head over to the Credit Karma website and enter your details. It takes mere seconds to do and once you’ve got the relevant information, you’re good to go. It’s as simple as that. You won’t regret it and you’re likely to find a better deal than before.

Jen Allen
Freelance Writer
Jen Allen is a technology and lifestyle writer with over 10 years of experience.
Best Buy is practically giving away this 50-inch QLED 4K TV today
2023 TCL Q6 4K QLED TV.

Just in time for the sports season, Best Buy is hosting an excellent sale on TVs and entertainment devices, and boy, do we have one you're definitely going to want to see. Whether you're checking out our weekend watch list, catching up on weekly football, watching some old-school movies like E.T. or The Goonies, or streaming the latest UFC livestream, you're going to need an excellent, ultra-high-definition TV. Look no further than the TCL 50-inch Class Q5 4K QLED HDR smart TV with Google TV's smart streaming platform built-in. Why? Because normally it's $400, but Best Buy is offering it right now for just $300. That is a phenomenal deal and one you'll want to scoop up as soon as possible.

Why you should buy the TCL 50-inch Class Q5 4K QLED HDR smart Google TV
We'll go over the specifications and features, which are important, but also, you'll probably want to plan ahead and consider what you'll be watching on a gorgeous TV such as this. While watching sports, you'll be able to see the field, players, and everything happening on screen, no matter how frantic, in remarkable clarity and detail. Not just because of the 4K ultra-HD definition but also because of the Quantum Dot technology that offers exceptional sharpness and color clarity with an UltraWide color gamut -- for more accurate colors and representations.

Read more
Your weekend watch list for September 30-October 1: The Wonderful Story of Henry Sugar, Still Up & more
Looking for new movies to stream and new shows to watch? We've got you covered
Benedict Cumberbatch and Ralph Fiennes in The Wonderful Story of Henry Sugar.

With every new weekend comes new opportunities to catch up on the latest streaming options across movies, TV, and sports. There's always plenty on at home, and in the midst of the end-of-summer heat, home might be the best place to be. Here are our picks for the best new shows, movies, and sports to check out over the coming weekend:

Best new shows to watch
What to watch on Netflix

Read more
Everyone is dunking on MLB’s Oakland Athletics about a gift they gave player Miguel Cabrera – here’s why
Miguel Cabrera's gift from the Oakland A's was both cheap and stunningly insensitive
Miguel Cabrera holding the wine alongside the manager of the Oakland A's.

Few players in the history of Major League Baseball (MLB) have had more storied and impressive careers than Miguel Cabrera. Cabrera is in an elite club, and now that he's coming to the end of what will be the final season of his career, teams are offering him gifts on his last tour through their ballparks.

These gifts are typically nice tokens of how much Cabrera has meant to the league over his time playing the sport, but more than a few eyebrows were raised when it came time for the Oakland Athletics to present their gift to the Tigers legend. The A's decided to gift Cabrera with a bottle of wine, and when eagle-eyed fans looked the bottle up, they realized that it only cost $90.

Read more