If your finances need help, consider refinancing your mortgage. Refinancing your mortgage is a terrific way to save thousands of dollars in interest costs over the course of the loan. You can even decrease your monthly payment. If you need to consolidate debt, you can complete a cash-out refinance to get all of your debt at an affordable interest rate. Before making the decision to refinance, take the time to do these three things.
21 October 2016
Preparing to buy a home takes time, effort, and thought, and one of the things you should do before you apply for a home loan is make sure your credit score is good enough to qualify. Finding out your credit score is not hard to do, and it can help you determine if you should apply for a loan now, or if you should wait for a while. Here are tips to help you learn how to do this and why it matters.
5 October 2016
Getting a title loan often means that quick cash is necessary. If you find yourself needing quick cash, you may feel a little panicked and a lot unprepared. If you do get a title loan, the loan itself will actually teach you a lot of things that you need to know. Here are three great lessons that you will learn after getting a title loan. The art of savings Most title loans will come due for a few months after you receive the title loan.
6 September 2016
You have spotted your new home and are highly anticipating the day you get to move in. However, when it comes to buying a new home, the one thing you may not be so excited about is taking on a mortgage payment. Mortgage loans are a serious commitment financially, often times meaning you are committing to a long term payment. Therefore, before you make any final decisions about accepting a mortgage loan for that new home you can't wait to live in, you will want to do what you can to ensure you are getting the best mortgage loan for you.
9 August 2016
Peer-to-peer (P2P) loans are online loans that are funded by individual investors. They are a good option for people with decent to good credit who are looking for an unsecured personal loan. P2P lenders work with both borrowers and investors, bringing the two together to complete the financial transaction. Learn more about P2P loans and how they can benefit you. How Do You Get a Peer-to-Peer Loan? Peer-to-peer loans have a simple application process that's required for anyone who wants to obtain a loan.
8 July 2016
Buying a house can be one of the most important investments that you will make during your life. For those that do not have the money to buy a house outright, it will likely be necessary to obtain a mortgage to make the dream of owning a house a reality. Unfortunately, the process of financing a home can be remarkably complicated, and as a result, you may need to have a few basic questions answered.
14 June 2016
You're finally in a place where you're financially capable of buying your first home, and you couldn't be any more excited. Unfortunately, you're worried about your credit score and how it might impact your mortgage rates. Never fear! Understanding this complex interaction, and how you can impact it, can help you decrease your mortgage rate significantly. How Does A Credit Score Impact Your Mortgage Rate The simplest way to understand the interaction between your credit score and your potential mortgage rate is to consider it an inverse proportion.
13 May 2016
When they're underwriting mortgages, banks consider your debt-to-income ratios. Although HOA dues don't add to your debt load, looking for a home that doesn't have any HOA dues could help you improve your debt-to-income ratio -- and qualify for a bigger mortgage. Here's why. Your Debt-to-Income Ratio Your debt-to-income ratio shows your current debt load compared to your current income. It's typically expressed as a percentage. To calculate your own ratio, total your monthly debt payments and your monthly income, and then divide the first number by the second.
30 March 2016
Working as a freelance writer can be a great way to earn money from home, but because this job makes you self-employed, you may run into problems qualifying for a mortgage loan. If you have worked really hard over the past few years and have saved up enough money for a down payment on a house, you may feel that you are ready to buy a house. As you prepare to get a loan to do this, here are some tips that may help you get approved.
15 February 2016
As an owner-operator or trucking business owner, one of the most time-consuming things that you're likely to encounter is chasing down payments from outstanding accounts. One of the easiest ways to avoid this problem is by working with a factoring company for trucking payment settlements. If you aren't familiar with factoring, it's a process of selling your accounts receivable for immediate cash, often at a discount from face value of the invoice.
2 January 2016