Many homeowners focus on their overall home buying budget without paying much specific attention to their mortgage rate. This is unwise, however, since even a slightly lower mortgage rate can make your monthly mortgage payment more affordable and add up to significant long-term savings. Here are three tips for getting a better mortgage rate:
Consider Paying for Points
Your mortgage company may offer a program that allows you to pay for a point reduction. Read More»
If you have recently decided to buy a house at a low price that needs some work, provide the work it needs, and then sell it at a higher price, it is important to note that one popular option for financing your first attempt at flipping a house is a hard money loan. Since the terms of a hard money loan require significant collateral and come from a private lender instead of the bank or credit union associated with many other types of loans, the terms can vary tremendously from one transaction to the next. Read More»
If you have gold that you no longer want and would like to sell for quick cash, there are a few things you need to keep in mind before you start looking for a scrap gold buyer.
You may need an appraisal for jewelry
If you are selling old jewelry that is only gold, it is likely to only have value because of its gold content. However, if there are any gems in the jewelry, especially rings and necklaces, you should have an appraisal done. Read More»
In the media, payday loans are often cited as having extraordinarily high annual percentage rates, or APRs. This is true. The average APR on a payday loan often approaches 400%. When you compare that figure to the average APR on a traditional credit card—which is typically lower than 30%—payday loans seem like a losing investment for the borrower.
However, as it often is with statistics, the APR on a payday loan is extremely misleading. Read More»
If you’re a resident of Minnesota and sometimes have trouble floating large expenses that hit between pay periods, you may have already taken advantage of the short-term, high-interest loans offered by payday lending companies. Indeed, these loans are available for nearly any borrower with a job – regardless of credit history – and can provide you with cash in hand the same day you apply for a loan. However, efforts to reform the payday lending industry in Minnesota have placed limitations on these loans that are not often seen in other states. Read More»
