loan Archives

Feb282022 by Paul LinusNo Comments

Bad credit scores? Valuable tips here

Business

A bad credit score can really take its toll on human life. It can pressure people and may drive them into depression. Nevertheless, despite the fact that it may create great stress and may cause headaches, it can be fixed and improved. There are several ways to fix bad credit scores. One only needs to be determined and motivated to get out of bad credit. The methods, though, may not guarantee a quick solution to the problem but it may otherwise lead to a better credit score situation. Here are some pointers on improving credit scores: Stop Making Unnecessary Purchases with Credit Cards Unless poor credit situation has been addressed and solved, it is best to stop using credit cards in all types of purchases. Using the credit cards while having problems with bad credit scores can ...

Feb72022 by Paul LinusNo Comments

First time home owner’s tips

Home & Garden

Buying a house is a decision that is not to be taken lightly since there are responsibilities and risks involved. For first time home owners, there are also a lot of extra costs. Pros of Buying a House Property is an investment. Once the mortgage is paid in full, the purchaser of the property has a home to live in for good and a cash value if he or she wishes to sell. Property prices have dropped considerably over the last 18 months in almost every country across the world, foreclosures are at an all time high, so now is possibly a good time to buy a house. A home owner has the freedom to make any changes to the property or decorating choices without having to consult a landlord. Cons of Buying a House Financial costs can be a lot more than initially budgeted for, on to...

Nov92021 by Paul LinusNo Comments

Temporary government loan modification for unemployed

Career

For homeowners, an unexpected job loss can be a unpleasant obstacle in the way of obtaining a home loan modification due to the fact that lenders require homeowners to possess an income sufficient enough to comfortably repay a modified mortgage loan. Through the Making Home Affordable program, the federal government offers temporary loan modification to unemployed individuals to help them avoid foreclosure while seeking new employment. Home Loan Modification for the Unemployed Unemployed homeowners can apply for a forbearance plan through Making Home Affordable. The goal of the forbearance plan is to give the homeowner manageable mortgage payments until he can find employment. Restructured mortgage payments can continue for a minimum of three months and maximum of six months. ...

Mar102021 by Paul LinusNo Comments

Pros, cons and loans in self employment

Business

The pros and cons of self employment are actually pretty great in number, and they might not even be the same for every professional who’s ever dabbled with work at home. For some, hours of working alone can be refreshing, invigorating and the perfect environment for finishing projects. For others, the sheer loneliness of self employment is a deal-breaker. What does it take to work at home? Self Employment: The Pros Who doesn’t want to call the shots, be the boss and make all the decisions? Sure, self employment is great for independence. But at the same time, even that could be considered a con. What are the pros of self employment, and do these positives make up for the negatives that might come with working on one’s own? Flexible Hours. Need to be three hours late next Wedn...

Mar72021 by Paul LinusNo Comments

How to save money and invest in a house

Real Estate

Buying the first home starts with raising enough funds for a home loan deposit. While everyone understands the need to save for at least 10% to 20% of the purchase price, not many know exactly how to accumulate that amount of money. Saving money to buy a house requires some sort of planning and strategy. Here are some useful tips for raising home loan deposits. Open a First Home Saver Account First time home buyers in Australia should open a First Home Saver Account, a tax effective way to save for a house deposit. Basically, the first $5000 of individual contribution made each year to the account will see the government contributing 17% of that amount. This is much higher than any interest rate in savings accounts or fixed term deposits. The First Home Saver Account should not...

Nov172020 by Paul LinusNo Comments

How to get very good remortgage deals

Finance

For most people a mortgage is their biggest financial commitment and it makes sense to reduce that cost wherever possible. At present mortgage interest rates are at an all time low, even the standard variable rate (SVR), which most mortgages revert to after the initial discounted offer are at very low levels. Compare Remortgage Quotes For first time buyers it’s a particularly tough time to get a good mortgage deal but for those who already have a mortgage and have an excellent credit score, it’s definitely a good time to compare some remortgage quotes from an independent mortgage broker. Despite the current low levels of interest it may still be possible to save money on a new remortgage deal. For those who are still using an endowment insurance policy to repay their mortgage it ...