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Mortgage Loans and Home
Equity Loans
Compare Loan Rates Among Several Lenders
Mortgage loans for purchase of real estate or the refinance
of your present home, are offered at the best interest rates
available. But don't just compare rates and fees, also check out the customer
reviews. A loan that takes too long to get approved or processed might mean you
loose the purchase deal you made. Every purchase contract has contingencies
about how long you have to close the loan and in today's competitive market the
contingencies are enforced.
It also pays to get pre-approved so that you have a loan approval in hand when
you go shopping for your home. Be careful about the terms of the approval you
get. A pre qualified letter is almost meaningless since credit is not checked. A
pre approval means your credit and income has been verified. The approval of the
final loan will be subject to the appraisal.
Learn more about getting a mortgage loan and what all the terms mean, such as
loan-to-value (LTV). Check out our
Mortgage Glossary.
Apply online and get offers from severlal different lenders. This is the fastest
way to get a mortgage loan and also be able to compare lender's terms with just
one application. Always shop for your mortgage with at least three lenders so
you can get the best deal.
NY Times Financial News
A home equity loan is a type of loan that allows you to borrow money using the equity in your home as collateral. The equity is the difference between the current market value of your home and the amount you owe on your mortgage. Home equity loans are sometimes referred to as second mortgages because they are in addition to your primary mortgage.
Additionally, home equity loans can be used for a variety of purposes, such as
home improvements, debt consolidation, education expenses, or emergency
expenses. The amount you can borrow depends on several factors, such as your
credit score, income, and the amount of equity you have in your home.
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A home equity loan or second mortgage is a fixed rate mortgage for a fixed amount
to be repaid over a fixed period of time. This is the best type of loan for home
improvements.
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A home equity line of credit (HELOCs), has a fixed amount you can borrow and
generally has a variable rate. A line of
credit means you have access to certain amount of money that you can withdraw as
needed. You only pay interest on the amount of money you withdraw and you can
repay at any time.
Compare Several Loan Offers
Complete the mortgage loan application and receive several loan offers with just one
application. And, then select the loan that has the best interest rate and terms
for you.
Personal loans can be used for purchases, family emergencies, or to pay off high cost
credit card debt. Interest rates are much lower than most other types of loans,
but require good credit. If you credit is bad, consider a
bad credit loan. Rates are higher but still less than credit cards and you can pay off the loan early
with a lower rate loan when your credit improves.
Construction Loans
Thinking of building your new home? Find out what you
need to know about construction loans. You can
start here with the basics of construction loans including learning all the
construction buzz words including draw schedule and foundation survey. Banks
like to closely monitor construction loans and will expect the progress of the
construction to match the money disbursed.
 before going to the car dealer. Fill out the fast application and get immediate approval. Compare several offers and pick the best one for you.
You can also refinance your auto loan the same way.
Compare your present payment with a new lower payment and
see how much you can save every month. It cost nothing to apply and the reward
can be substantial in terms of monthly savings.
When your income is drastically reduced the first place
you look to save money is by not making loan payments. This
can have a serious effect on your credit report which will
in turn effect your ability to borrow money. If this has
happened to you, there still may be ways to borrow money
with a special
bad credit loan. You can request up to $10,000 in one fast
application.
Financial Planning
As is often quoted, the best laid plans of mice and
men often go astray. But, that is not an excuse not to
plan. Planning is all about the things you can control,
and at the same time being aware of economic, social,
and business trends that will affect you and your
family.
Financial Trends
Many
financial trends sneak up on us if we do not keep up with
the news both in general and in business. Even if we are
not involved in a business directly, business trends
have an effect on everyone's lives. For example,
automation that will extend into our every day lives and
will likely affect the way we live and work.
The best way to keep up with trends is to read
reputable newspapers and magazines which should include
career related
trade journals. You can also find blogs online that
discuss subjects in your field. |