Loans Archive

How Collateral can Affect your Loan Rate

Collateral is that magic word that often means, “you get the loan.” If the bank perceives that you have assets worth the amount of your loan, they will almost always grant the loan unless they …

P2p Lending

Peer-to-peer lending is where you borrow or lend money to another individual instead of dealing through a bank. With normal banking, savers deposit money (i.e. they are lending it to the bank), and the banks …

How to Find a Good Mortgage Broker

At first, it can be quite difficult to find a right mortgage broker, especially when you’re in the process of acquiring a new house. Keep in mind that one of the benefits of finding the …

Equality Fair Mortgage – No

Life is full of things that are not fair. It is not fair for one person to have a shack for a house while another person has a mansion. It’s not fair that one person …

Predatory Lending Practices

So there you are, a patriotic citizen of the Great Republic, dutifully guarding your horde. You didn’t save cash, because we needed to keep spending to make the recession go away. After 9/11 Bush came …

Difference between Apr and Ear

APR, or the Annual Percentage Rate, on a student loan is one of the most important factors that should be considered before a loan is taken out.  More important however is to recognise the subtle …

Leasing or Buying which one is right for you

When you want to finance the acquisition of a motor vehicle the question that always rises is whether it is better to finance a motor vehicle purchase by using a specially tailored loan, another kind …

Federal Reserve – Yes

Many issues are in dispute in macroeconomics, but one of the things that everyone agrees upon is this: All else being equal, if more money is in circulation, prices will rise. In other words, if …

Reasons not to Borrow from your 401k

A 401(k) is a great savings vehicle to save for retirement. Most 401(k) plans allow participants to borrow from their account. Although it is allowed, it is not usually recommended unless you absolutely need to. …

Federal Reserve Lowers Rates Mortgage Meltdown

How lowering re-financed mortgage interest rates on foreclosed home owners will save the economy. The auto makers are now offering zero % financing, while the Federal Reserve reduced their interest rate to banks to one …

Managing Student Loans

For most students in today’s world student loans are a standard part of the college experience. Anyone telling you otherwise is either one of the few on a full athletic/academic scholarship or with parents paying …

The Pitfalls of Personal Loans

I am reluctant to write about this incident, because it is a bit embarrassing since I should have known better. It needs to be told and I want to share it with others who might …

Federal Reserve and Inflation – Yes

To put a bit of qualifier on the response, the Federal Reserve is “attempting” to “recreate” an inflationary bubble. While they will not admit as much they are determined to re inflate asset values to …

Uses for Personal Loans

If you’re looking to consolidate debt, plan a vacation, buy a car or just help manage your finances through rougher times, a personal loan can offer you flexibility and options to make those purchases that …

Managing Student Loans

It is no secret that the cost of a college education continues to increase. Additionally, because of the rising number of college graduates, it is now near impossible to get a decent job with having …

Reasons not to Borrow Money from your 401k

A 401(k) is a retirement benefit account implemented under the sub-section 401(k) of the Internal Revenue Code of the United States. The employers establish the 401(k) on behalf of their eligible employees who may contribute …

What is a good faith estimate?

WHAT IS A GOD FAITH ESTIMATE Definition of a Good faith Estimate(GFE) A Good Faith Estimate is a document outlining the settlement services charges that you may likely incur in the closing process of buying …

10 Reasons to get a Payday Loan Online

A payday loan is a short term loan made to you until your next payday. Acquiring a payday loan is rather simple to do, with the only requirements being an active checking or savings account …

How to Claim Back Ppi Paid in the UK

Payment Protection Insurance (PPI) is an insurance cover given at the time of obtaining a loan or else when purchasing a credit card to protect the consumer from being unable to pay the installments due …