6 times a balance transfer is a bad idea
When is a balance transfer a bad idea? Here’s when to avoid a balance transfer.
7 min read
Feb 27, 2025
Erik J. Martin
Contributor, Personal Finance
EXPERTISE
- Personal finance
- Mortgages
- Housing market
- Home improvement
- Credit cards
EDUCATION
- Bachelor of Arts, Loyola University Chicago
- Dale Carnegie Training
Erik J. Martin is a contributor to Bankrate covering personal finance, including mortgages, the housing market, home improvement and credit cards. Based in the Chicago area, he is host of the “Cineversary” podcast and blogs on Cineversegroup.com and Martinspiration.com.
In addition to Bankrate, Martin has contributed to AARP The Magazine, Tte Chicago Tribune, Reader’s Digest, The Costco Connection and USAA, among other outlets.
Erik J.'s latest articles
-
-
Offer accepted! Now watch out for these mortgage hurdles
Unexpected issues — from an appraisal gap to title disputes — can pop up during underwriting. Here’s what to do.
4 min read Feb 25, 2025 -
Home equity loan or HELOC vs. reverse mortgage: Which is right for you?
They all let you tap your ownership stake, but they differ significantly in a lot of ways.
13 min read Feb 24, 2025 -
What does a real estate attorney do?
A real estate attorney can protect the interests of both buyers and sellers.
5 min read Feb 10, 2025 -
Transferring a mortgage: How it works
To find out if your mortgage is transferable, it’s best to contact your lender.
5 min read Jan 16, 2025 -
‘We buy houses’ companies in Kansas
There are many cash homebuyers in Kansas who will buy your house fast with an all-cash offer.
5 min read Jan 14, 2025 -
How to buy a house from a family member
Buying a house from family can make things easier, but it can also create bad blood.
6 min read Nov 15, 2024 -
How much does it cost to sell a house in New York state?
The cost to sell a house in New York state will vary widely depending on your location.
5 min read Sep 17, 2024