Equity is the value of a home vs. the value of the loan. Many homeowners today are searchingfor ways to increase the value in their home, payoff debts, buy a new motor vehicle, or else takea long needed vacation and few take out equity loans to accomplish the mission. The loans forthe borrower are revenue for releasing cash for extra expenditures. To the contrary, refinancingis the source for releasing cash, while home equity loans are more...more
Whenever you start something new, you're usually scared out of your pants, and I was no exception. Oh sure, I'm a self-assured, totally confident freelancer now, but when I got started working for myself, I was sweating bullets. There's no one to catch you if you fall, and there's no one to blame if you mess up. It was exhilarating; it was exhausting! I ended up talking to one of my friends, who happens to be a very successful...more
The term "equity value" is often used synonymously with the entire equity of a given home loan.When homeowners consider equity loans, the lender will consider the equity built in the home. If thehome is not worth the amount applied for, the homeowner will pay higher rates of interest andmortgage payments. Thus, the equity if negative is considered a higher risk than positive equity.Still, the equity is factored by current market value, value of the home, and so forth to determine therisks. Lenders put risk first often since large sums of cash are involved. First time buyers are offeredvarious types of loans, but are often high-risk candidates simply because equity is non-existing untilthe closing is final. First time buyers searching for home loans will be rated by their credit history,employment, age, gender, the area considered to reside in, and so forth. If the buyer has excellentcredit, this is a plus to the lender. The lender will often help the borrower by finding adequate rates of interest and may even suggest aloan that would benefit the borrower moreso than other loans. Thus, when equity exists, this takes abit of the load off the lender; however, if the home has "negative...more
There are simple, common sense steps you can take to get out of debt. Unfortunately, like losing weight, they are not necessarily easy or painless - but if you stick to them, you will become debt-free.Stop Borrowing MoneyThe first step to escaping debt is to stop borrowing. Simply put, the more you borrow, the more you will owe. You can't...more
1. Big savings on daycare costs2. No more bosses giving you the stink eye for not working due to kid issues3. No commuting4. Savings on lunches out and work clothes5. More flexibility6. The ability to start a business doing something you love7. Make as much or as little money as you want8. To be able to say "I own my own business"9. Kids can learn...more
Monopoly is a zero sum game based on competition. Since the money supply cannot increase, the players can win only by taking money from other players. The fundamental belief behind Monopoly is lack of money. This means that the only way to get more money is to take it away from others.This zero sum competitive game reflects the economic realities of the Great Depression. While thousands stood in breadlines, a handful made fortunes. For one to player to win, the others must lose.The rules of the Monopoly prohibit partnership. You cannot create joint ventures. You cannot loan money to another player. You cannot borrow money from another player.The psychological effect of playing this highly competitive game is that you are a solo player doing whatever you can to force the other players to go bankrupt. The last thing you want to do is to help someone else stay in the game because that person might go on to drive you out of the game.As an economic model for creating wealth, Monopoly teaches that competition is the way of the world. It reinforces social models based on competition, and the idea that success is a lonely climb over the heads of others.The belief that success...more
For many Americans debt is an overwhelming problem, a stressor that can quickly take hold of one's life. When there are bills attached to house, boat, automobiles, college tuition, and daycare, it's not hard to imagine that many folks can...more
Working at home is very popular. As with anything that is popular there are people out there who like to try to scam those looking for work at home jobs. Scams can sometimes be hard to recognize, but if a person knows what to look for they can raise...more
Since the dawn of free trading only two things have ever mattered; producing a quality product or service and the ability to sell it successfully. By successfully, I mean ensuring that you achieve maximum profit from the sale, while the customer is...more
As if the problems of tenancies were not enough that loan providers too have started treating tenants in a step motherly fashion. Such is the indifference of loan providers that it appears as though loan opportunities are all shut for the tenants....more
When somebody has done something good, it is right to provide him or her some rewards. For all the hardships and continuous service to the community, a worker is entitled to all the required benefits in exchange for all the services that he or she...more
A "Lo Doc" or sometimes call "Lo Doc Home loan" are mortgage or home loans where documentation for verification of your income is not required. However, all other documentation is. These loans are ideally suited to self-employed, independent...more