Installment loans allow you to borrow a lump-sum of money and repay the balance over time. When you get an installment loan, the lender tells you how much your payments are and how many you must pay. Each payment is equal, yet the lender divides the payments between interest and principal. If you are wondering how this works, here is a guide to help you understand how interest and principal work with an installment loan.
10 July 2020
When you get a new checking account, the bank might provide features you are not familiar with. It is a good idea to learn the features that come with your new account so that you can use your account properly and effectively. Here are three helpful things you should understand when getting a new account. 1. Most Banks Let You Set Up Alerts The first thing to consider is that most banks let you set up alerts for your account when using the bank's app.
10 July 2020
The process of buying a home begins with getting your financing in order. You will need to apply for a loan and prepare all the necessary documents and information for the underwriter and the loan requirements. Here are some helpful tips to prepare you for what you will need to know about the mortgage home loan process. Look For a Conforming Loan When it comes time to apply for your home financing to start off your search for the right property, there are many types of financing available, each with their own terms and requirements.
16 June 2020
Bailing out of jail may feel like a relief, and it certainly should. For many people, bailing out of jail is only half the battle. They still have to deal with going to court and facing their charges. While bailing out of jail gives you plenty of opportunities to prepare, you might not know what to expect. The courtroom is a room unlike most others. In this room, you are expected to adhere to specific decorum.
15 May 2020
Many people find themselves in a situation where they need money quickly but payday is still days away. If you encounter an unexpected bill or you have an emergency and your bank account is low, you may feel very stressed out. In this type of situation, a car title loan may be an excellent solution. With a car title loan, you can receive money very quickly without having to go through any type of credit check — your vehicle will serve as collateral for the loan.
5 March 2020
There are a lot of situations in which seniors find themselves in a place where they simply do not have enough cash flow coming in each month to pay for their bills, medication, food, and other basic necessities. Seniors in this position might be living off social security benefits and have little or no money in the bank. A senior is this position could benefit by taking a reverse mortgage for the following three reasons.
14 December 2019
If you are a first time home buyer, you'll be able to take advantage of one of several first time home buying services that will allow you to save money, purchase a home that you normally would not be able to afford and start living in your own home sooner than you might have expected. There are several low down payment services that are available, some of which are offered by the state.
24 October 2019
Unexpected legal catastrophes happen. Among them would be finding out a loved one sits in county jail awaiting facing criminal charges. Perhaps the loved one, while under the influence, disturbed the peace and found him/herself in a confrontation with law enforcement. Resisting arrest and assaulting the officers led to felony charges. While completely out of character for the person, the charges stand until resolved in court. The health condition of the loved one makes the problematic situation even worse.
23 September 2019
Buying a home is a major financial decision. While you may be focused on finding the right home for your needs that's also within your budget and in your desired location, it's also important to consider financing. There are a variety of financing options available. While many choose to seek out a conventional home loan or an FHA loan, there is also the option of a VA mortgage loan. If you have served or are currently serving in the military, this type of loan may be right for your needs.
30 August 2019
As a business owner, you want to find many ways of limiting unnecessary expenses. Unnecessary fees cut into your cash flow, even when those fees seem small. If you choose a business checking account that is appropriate for your needs, and use the account correctly, you can avoid business banking fees, which are one of the small ways fees creep up on businesses and cut into cash flow. Keep the Required Minimum With most business banking accounts, in order to avoid a monthly maintenance fee, you need to maintain a certain minimum balance.
25 July 2019