The purpose of a bridging or bridge loan is to provide short term cash for a real estate transaction until permanent financing is secured. Bridge loans are commonly used to “bridge the cash gap” when completing commercial real estate transactions.There is a process to go through before a bridge loan is approved. If you’ve already developed a relationship with an institution, … [Read more...]
Financial resolutions for 2010
The New Year often brings with it a desire to right the wrongs in your life. From this desire springs the tradition of New Year resolutions. You should take advantage of this to change your financial situation. There is a good chance by the time many of you read this, you will have already made and BROKEN your financial resolutions. Those of you who have not already done so, … [Read more...]
What is a Tripple Dipper
Tripple dipper means making 3 Profits on 1 Stock Trade .This is a rather simple strategy with which I am sure a lot of seasoned traders are very familiar, possibly under some other name with which I am not familiar. Here’s how the play is made. You buy 300-500 shares of a stock that is going to be paying a dividend with in the next 15-45 days. You sell the 30-60 day … [Read more...]
Which is better fixed rate or adjustable rate mortgage?
The best mortgage is one that fits in your long term budget, won’t use up too much of your monthly income, and gives you a sense of control over your home so you don’t end up house rich and cash poor.This is a question that keeps coming up when customers start looking at purchasing or refinancing their home. If you look at the average 30 or 15 year mortgage, it seems that the … [Read more...]
Tips on Getting Your Mortgage Loan Approved
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...]