We all very well know that not every applicant is approved for a home loan the first time he or she applies.It can be due to variety of reasons, even after a lot of hard work, sometimes a loan just can’t be approved. It may have to do with the applicant’s credit or savings history, employment stability, debt structure, or the value of the home. Purchasing a home takes … [Read more...]
Essential Financial Tasks Year-End
The end of the year is not only the optimal time to address all personal finances, but also is the deadline for completing some specific tasks Managing your personal finances always begins with you. By not completing certain essential tasks, you risk making costly mistakes and placing your financial independence, control and security at risk. The benefits of completing these … [Read more...]
How does Check 21 Affects You?
The Check Clearing for the 21st Century Act, otherwise known as Check 21, is the process of turning the checks your write into images and transmitting them by computer. What does this mean to you? Expect the time your check clears to decrease drastically. If you live paycheck to paycheck and often count on a one or two day "grace period" to get funds into your account after … [Read more...]
What is a Student Credit Cards 101
If you’re a college student, you probably already have a credit card. If not, you may have plans to get one or more soon. So why should you read on? - Because financial debt is one of the main reasons that many students end up dropping out of college. - Because your college years can be some of your most memorable—and some of your most costly. They don’t, however, have to be … [Read more...]
10 Effective Ways to Avoid Loan Fraud
There is always a chance for , misinformed homebuyers, often first-time purchasers or seniors, become victims of predatory lending or loan fraud. Below you'll find the top ten ways to avoid becoming a victim yourself. 1.Take your time and shop around. You should be able to compare prices and houses. If a lender or broker tells you they are your only chance to get a loan or … [Read more...]