Understanding Loan Terms

Understanding Loan Terms

  • 3 Ways To Determine If Refinancing Your Home Makes Sense

    There may come a point in time where you will want to refinance your home, especially if you are trying to save money on your monthly mortgage. However, refinancing doesn't always make sense. Here are three ways to determine when it does: You Will Actually Save Money:  You don't want to refinance your home if it isn't actually going to save you money. Although you may be able to get your mortgage rate down, this doesn't always mean that you are saving.

  • 3 Tips To Avoid Becoming House Poor

    Right now is a great time to consider buying a house. The market has lots of homes for sale, and interest rates are good. One common mistake that people make when purchasing a house is over extending themselves so that all of their money goes into their house and they become house poor. Here are some things that you can do to prevent becoming house poor. 1. Buy Lower Than Your Budget Allows

  • What To Consider Before Bailing Someone Out Of Jail

    It's the worst scenario: a family member or close friend calls you to let you know that they are in jail. Of course, the question is – can you bail them out? Before making a quick decision, make sure you are really thinking about what you are getting into so that you make an educated decision, not one based off of pure emotion. Trust When it comes to bailing someone out of jail, trust is the most important aspect.

  • How To Manage Your United States Bank Account While Abroad

    If you travel for business or pleasure abroad, you likely want to be able to use your regular bank debit card and manage your finances while away from home, especially with the advent of easy online banking. It's unsafe and unwieldy to carry cash to cover your entire trip, but conducting bank transactions while overseas can also come with a certain amount of risk. Here are some tips to help you manage your United States bank account while spending time abroad.

  • How Much Should I Estimate For Closing Costs?

    If you're buying a house, especially a first home, one of the major initial expenses is the amount you need to have at the closing for the so-called closing costs. This umbrella term includes the fee for running your credit report, doing a title search to make sure that there are no prior claims on the property, the fee for preparing the closing paperwork, any attorney fees, the property appraisal fee, the lender's underwriting fee, the county recording fee and the cost of title insurance.

  • About Me

    Understanding Loan Terms

    When I started my own company, I knew that I needed a little business capital and fast. In an effort to raise money, I worked with various lenders to discuss loans, financing, and special terms. Unfortunately, I quickly discovered that not every loan was created equally. Some loans had almost predatory terms like high interest rates and penalties, while others were completely fair. Fortunately, a business consultant of mine taught me about loans and financing, so that I could make better choices in the future. The information on this blog saved my business, and I know that it can help yours too.

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