Prevent Credit Problems from the Guide to Good Credit
Winning the Money Struggle
Many people struggle every day to stay on top of their bills. And its not getting any easier with higher inflation, increased gas prices, higher credit card interest rates, and so on. However, new thinking and a new approach can lead to wealth through quick compounding of ones money.
Spectrum Of Loan Programs
If you were to rate every possible loan program on a scale from the most conservative to the least conservative, youd have the 30-year and 40-year fixed amortizing loans on the conservative end and the negative amortization variable-rate loans on the opposite side. Those are the two extremes.
Signing The Loan Documents
Signing loan documents can be intimidating even for the most seasoned real estate professional. But things are even worse today because most Title Companies offer their clients the convenience of having a mobile notary bring the loan documents to their homes to get signed. That means the Escrow Officer is nowhere to be seen and most notaries dont know enough to properly answer peoples’ questions. Without any way of getting clear answers, the signing process has become even m…
Points & Closing Costs
Should you pay points? What are points? Is that money going directly into the Loan Officers pocket? Well, that depends. This article will look at these questions as well as a few others to see which strategy makes the most sense in the long run. Well also look at the math to calculate when points make sense and when they dont.
Prepayment Penalties & Indexes
This article deals with some rarely discussed mortgage details that can have a major financial impact if youre not careful. For starters, theres Prepayment Penalties. These penalties can cost you a bundle and theyre often overlooked during the origination of the loan as well as the signing. Many mortgage brokers know perfectly well the program theyre putting you in has a Prepayment Penalty and they avoid the topic as much as possible. So a lot of people have penalties and…
Renewed Interest Rate Rise Fear
The Monetary Policy Committee (MPC) is the rate-setting organisation for the Bank of England.
Low Interest Rate Credit Cards: Start Saving Today
If you carry an outstanding balance on your credit card, youre not alone. Nearly 70% of Americans keep a balance on one of their credit cards from month to month. And many of these cards have sky-high rates, which add up to hefty amounts in interest expense. By switching to a low interest rate credit card, you can save hundreds of dollars in interest. Starting with great introductory offers, low interest rate credit cards help you get back on track while enjoying the benefit…
How To Bargain For The Best Interest Rate?
Interest rates play a vital role in any economy by influencing monetary policy, investment, inflation, and unemployment. Interest rates are normally expressed in terms of percentage over the period of one year. It also refers to the charge the borrower has to pay for the amount he has taken on loan, or the amount a lender receives as a return for the money he has lent to the borrower. To put it simply, the interest is that additional amount that you have to pay in addition to…
How Does A Low Credit Score And Bad Credit Affect The Interest Rate You Can Qualify For?
Since borrowers do not have personal relationships with the finance companies loaning them the money needed to buy real estate, there needs to be a system in place that allows such lenders to evaluate the risks associated with each individual applicant. For this reason, every single lender will obtain a copy of the loan applicants credit profile, and such information will be used for evaluation and risk assessment.
Financing Strategies For Investors
Real estate investors can be broken down into three categories with the distinctions between them based on the length of time the property is held. On the short end, you’ve got flippers. These guys look for properties on the cheap, maybe put some money into fixing them up and then selling for a profit. For the most part, they have no intention of renting the property out and work as quickly as possible to complete the deal. This category represents a lot of the people chasing…
Credit & Credit Scoring
Credit scores play an incredibly important role in our lives yet few of us truly understand where they come from and how theyre calculated.