Operating your own business can be very exciting and profitable, but you need to make sure you keep your personal and business expenses separated. This way you can take legitimate business expenses when you file your income tax return at the end of the year. It is a good idea to have a business credit card to make such transactions easier for your to keep track of.
Mortgage – 3 Hot Tips To Boost Your Fico Score
Building a good credit score is a long term process. As they say a journey of a thousand miles starts with the first step. Beware of quick fixes. There are none except for the quick fix of getting into your wallet by way of a scam and there are some out there. Here are three sure fire ways to boost your credit score.
Mortgage Loans – The Top Predatory Red Flags
The sub prime market for home mortgages is a hot bed of predatory practices. These types of lenders prey on the elderly, borrowers with poor credit who have few options, and less educated and non English speaking customers. They give the entire industry in general and other good sub prime lenders more specifically a bad name.
Mortgage Rate-Credit Score-Watch What You Pay For
As amazing as it may seem, when it comes to getting a credit rating not all credit scores are the same. When you pay to get a rating number it may not be the same one your lender sees.
Mortgage Rates: Three Tips For Getting A Good Deal
Mortgage rates are not for the faint of heart.
How Much Mortgage Can I Afford?
Shopping for a home can be an exciting time in ones life. There are so many things to consider; how many rooms, how many bathrooms, the neighborhood and the school district. However, perhaps the most important consideration is how much house one can afford. The general rule of thumb is that most homeowners can afford a mortgage loan that is 2-2.5 times their gross income. This means a family with a household income of $100,000 could probably afford a $200,000-$250,000 home. …
House Refinancing: Never Always The Simple Idea Out
It may cost you to cut expenses. It’s always great to set aside money then to decrease expenses. But then, if you’re in a hard financial circumstance, you’ll find saving money truly difficult.
Adjustable Rate Mortgages: Good Or Bad?
Deciding whether or not to finance your home using an adjustable versus a fixed rate mortgage is a very important decision. Each of these options has both strengths and weaknesses. However, the final decision comes down primarily to ones level of personal and financial risk, as well as to a simple matter of preference.
The Current Status of Jumbo Loans
Are you thinking about purchasing a house that costs more than $400,000? Unless you are planning to make a significant cash down payment on your new home, it is likely that you will need to apply for a jumbo loan. A jumbo loan is simply a home loan for property in the continental United States that exceeds $417,000, whether the funds are used to purchase a new home or to refinance an existing mortgage.
The Mortgage Forgiveness Debt Relief Act of 2007-what you need to know
“When the country runs out of money”, legendary comedian W.C. Fields once told a reporter, “then we’ll just have to print some more”. If things were really that simple, tax season would become a greater celebration than Christmas, Halloween and The Super Bowl all wrapped into one. The current financial state of the US, however, looks pretty grim for all tax payers, and particularly homes and owners who have been fighting the blunt of it these past few years.
The Pros and Cons of Adjustable Rate Mortgage
An adjustable rate mortgage, commonly referred to as an ARM, is a mortgage where the interest rate on the mortgage changes periodically, on a schedule, according to an index.
The Pros and Cons of a Bi-Weekly Mortgage
Having a mortgage can be expensive; with the interest that is charged over the life of your mortgage, a large portion of what you end up paying is nothing more than interest payments and not the loan itself.