The fixed rate mortgage has a long history and is considered the standard of home loan financing instruments. Long before the adjustable rate mortgage came along the fixed rate mortgage was being used and is still being used by many home buyers. There is a reason for that loyalty.One of the major advantages to using a fixed rate mortgage is that home buyers know almost to the penny what their monthly home payment will be over the...more
Americans have always been lectured on credit, especially the evils of credit. This lecturing is usually done by consumer groups, charitable organizations, banks and government agencies. Some of these groups are totally divorced from the everyday lives of normal Americans, while others are responsible for running up debts measured in billions of dollars. Sensible Americans have usually taken this advice with caution, and gone on to...more
Almost every body has noticed that there is a periodic entry for bank charges on our statement. But few of us understand what that is all about. Remember those highly attractive services that you liked when you got this bank account? Well today you are paying for them. This might come as a surprise to many. After all, most of us take it for granted that since we have an account with Bank X, we are eligible for a number of miscellaneous services.So it is always better to find out in advance what the free services offered are and what extra services can be availed at a cost. Hopefully what you are paying for is what you intended to pay for. These include, using of the ATM card beyond a certain limit, issuing more than the allocated number of check books, or availing of bank statements in between quarters.All these are activities that may invite additional bank charges. People often feel that they should be getting some of these services free of charge.Either because you did not have the money or because there was a withdrawal limit, sometimes you might end up overdrawing. In a case of overdrawing, a fee is levied by the bank on the extra amount that has been withdrawn....more
A person that applies for a secured loan is on the lookout for financing by securing his personal assets against the loan as collateral. This helps the banker feel secure if, in the event of default, the banker has something to collect from the individual. The collateral is generally some form of major asset such as a house, car, or...more
Now days, life has become so hard and fast that unexpected expenses can arise any time in the middle of the month .so in order to fulfill these unexpected needs you need some financial help from outside. Payday loans no faxing provides you money for urgent needs. it is the easiest and fastest way to fulfill your needs.FeaturesThe main feature of...more
As a landlord, you will want to make sure you take advantage of all of the tax benefits you can receive by owning a property. There are many other deductions than just the obvious ones. Expenses incurred to cancel a lease, reimbursements to renters for expenses that they have incurred and many others exist. Make sure you are taking advantage of all of the expenses you have.Interest. Mortgage interest payments on the loan to purchase the rental property are a deductible cost, but make sure you also deduct interest on loans for improvements to the property, as well as credit card interest for credit card accounts you use to purchase any items or services for the property. Interest can be one of the largest deductible expenses for a landlord.Depreciation. The cost of your property is recovered over time through depreciation. After the second year of ownership, you can claim depreciation over a 27.5 year period. Repairs. Any repairs you make to the rental property are deductible expenses in the year the expense occurs. These include painting, replacing broken windows, hiring a plumber to fix leaks, putting new flooring down, plastering walls. To qualify, you have to make...more
Independence is not something that we seek only after becoming adults. Of course, at that age, independence is generally associated with things like the freedom to choose our friends and the kinds of games that we play. However, as we...more
One of the most important things you will have to do (when it is time to do so) is to choose a bank. Your bank will be one of your most important financial tools and you should be sure that you are choosing the bank that best fits your...more
Getting a loan can be a tricky and confusing process. Some people have no idea what is going on and just trust that their loan representative is honest and fair. Some think that getting a loan requires you to put your home or vehicle up...more
Community Development Banks are more common in the USA than they are in the UK. They were originally set up to assist people who reside in lower income areas with the aim of helping those who wouldn't ordinarily be able to gain access...more
I do believe that Internet is an indispensable, necessary tool for the present time. -Miss Universe 2010Today, this century marks the beginning of new challenges and new great circumstances. Today we live in a highly technological world and...more
A change in the law in 2006 means that borrowers in the USA are no longer obliged to stick with their original lender when they're consolidating student loans. The "single holder" rule gave students no choice but to stay with the lender...more