A reverse mortgage is one way to improve cash flow in your retirement years. It's a way to get cash from the equity in your house, just like a home equity loan, except you don't have to make monthly payments to pay it back. The amount you borrow comes due after you die. This can lead to some confusion and concern for your kids since they will handle your affairs after you pass on.
31 December 2017
When you need money to repair your car, it can be hard to know where to get it from if you do not have money saved up in a savings account. Fortunately, there are many options available when it comes to getting a loan for the money you need in a hurry. The guide below walks you through a few loan options to consider when you need money to repair your car.
14 September 2017
If you're lacking in funds and really need to put some money in your pocket right away, one option that you can consider is a jewelry loan from a local gold buyer or pawnbroker. With this type of loan, you take your jewelry in and allow the lender the hold it for collateral. Then, you can leave with your cash loan. These are a few reasons why this can be a great loan option for someone who needs money as soon as possible.
18 June 2017
Looking to buy a home? If so, then you'll likely need to get approved for a mortgage. Before you start submitting mortgage applications, however, it's important to be aware of some of the major factors that can influence your ability to get approved for the home of your dreams. Credit Score One of the main determining factors when getting approved for a home loan is your credit score and credit history.
30 May 2017
When you own a house and have a mortgage on it, you might be able to save money on your loan by refinancing it. Refinancing a mortgage is not always a good idea, but there are times when it can be a smart move. If you are thinking about refinancing and are not sure if you should or not, here are several things to consider that will help you know if this is a good idea.
18 May 2017
If you've decided it's finally time for you to buy a home, one of the first things you'll need to do is visit some lenders and start applying for a mortgage. Getting pre-approved for a mortgage before you even start shopping for a home ensures that when you do find the home of your dreams, you can act quickly -- without waiting for financial approval. Before you apply, make sure you decide which of these three main types of mortgages is right for you.
12 May 2017
Getting a car loan is not as hard as you might think, even if your credit is really bad. In fact, you will most likely be able to get approved for a car loan through a bad-credit car financing company as long as you can prove that you have good, steady income. The good news about this is that this offers a way for you to buy a car, but it also offers a way for you to improve your credit.
27 April 2017
If you are a young adult just starting out on your own, qualifying for a small unsecured personal loan can help you establish a credit history. But when building credit, there are certain measures you can take to successfully accomplish the task. 1. Make Timely Payments Your payment history plays a huge role in calculating your credit score. That's because when creditors check your credit profile, they like to see that you consistently make your monthly debt payments—installment or otherwise—on time.
20 April 2017
Selling gold can often be a tricky and complicated process for a lot of people, mostly because there are a lot of different services out there that are willing to buy your gold and not all of them are going to be offering you the same price. Listed below are two tips that can help you sell your gold. Avoid Utilizing Mail-In Services One of the best things that you can do when trying to sell your gold is to avoid utilizing any gold buying service that requires you to mail your gold into them.
11 April 2017
Until you've actually closed on a home, your "closing costs" are generally considered to be a little abstract. Most mortgage companies will give you an estimated average of your closing costs, but you might not always have a clear picture of what's included. When your final documents are given to you in escrow, you'll have a line-by-line breakdown of your cost. If you have a 0% down loan, these closing costs could actually be rolled into your loan.
30 March 2017