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Understanding Financing Terms

Have you ever borrowed money? About a year ago, I realized that there were some issues with my financial plan, so I started looking into different things that I could do to make things right. I realized that there were a few lenders in my area that were specializing in different kinds of loans, so I started talking with them about different ways to get out of debt. Before I knew it, they were walking me through a few different options, and it was really helpful. I wanted to create a site all about understanding financing terms and borrowing money, so check it out.

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What Does It Take To Qualify For A Mortgage?

Posted on December 6, 2019

Do you need to apply for a mortgage to secure the financing for your home? If so, you may be wondering what it will take to qualify for a mortgage. If you are worried about having your loan denied, it helps to know what banks look for in their lenders. Large Down Payment A down payment shows a bank how good you are with managing your money. If you have very little saved up for a down payment and you want to buy a home, it shows that you are having trouble saving money. [Read More]

What Is An FHA Streamline Loan?

Posted on October 21, 2019

A streamline is a type of FHA loan that's aimed at people who already have mortgages and need to refinance. The FHA streamline process is, as the name suggests, simpler and faster than the normal refinancing process. In exchange for helping homeowners out, though, the government has requirements in place for how people might qualify. Let's take a look at the basics of the streamline system. Tangible Benefit The first major requirement is that there has to be a demonstrable and tangible benefit for the borrower. [Read More]

Got An Older Car But Need A Title Loan? What You Should Know

Posted on September 25, 2019

You may be thinking about seeking a title loan to help you deal with a financial emergency, but you may not be sure what your options are. This could be particularly true if the vehicle that you own is older. You may believe that your car is just too old to qualify for a title loan. There are many different vehicles that qualify for title loans. Here's a look at some of the things that you should know about getting a title loan on an older car. [Read More]

4 Tips For Savings For A Down Payment On A Home

Posted on August 12, 2019

When it comes to purchasing a home, you need more than a great credit score and a solid job; you also need money saved up so you can put a deposit, or a down-payment, on the home. Savings up for a down-payment on a home is a long-term process, but here are some tips that may help you in this process. Figure Out What You Need to Save First, you need to figure out how much you need to save. [Read More]