Learning All About Financing

Should You Take A Second Mortgage To Pay College Tuition?

Posted on

If your teen is about to graduate high school and enter college, you may wonder if taking a second mortgage would be a good option for paying the teen’s tuition. While this is not always a good option, it can be in some cases; however, you must make sure you have enough equity in your home before you consider using this option. Here are several factors to consider that would make this a good option if you need cash to pay for your child’s tuition. Read More»

Long-Term Personal Loan: Another Option For Financing Debt

Posted on

If you need cash to fund a major purchase or project, give you working capital for your business, or consolidate several short-term loans into one, a long-term personal loan is a financing option to consider. Although the interest rates and repayment periods available differ among lenders, long term loans allow you to borrow a larger amount of cash and pay it back over a longer period of time. In addition to a longer repayment period, a long-term personal loan offers several additional advantages. Read More»

Want To Buy A Home? Two Tips To Help You Get There

Posted on

If you’re like many people, buying a home is something that you dream of doing. Owning your own house gives you the chance to decorate, fix up, and modify the structure in a way that makes the home uniquely yours. However, before you can get a house, there are certain things that you must do. It’s important to make sure that you have things in place that can make you a sure risk for the mortgage company. Read More»

4 Things You Should Have Ready Before You Apply For A Home Loan

Posted on

If you are a first time home buyer, you may be wondering what will be expected of you to purchase a home. It used to be much more flexible to get approved for a home loan, but now there are more regulations, and because of that, you will need to show more documentation and proof to get the loan. However, being prepared can be one of the best things to speed up the process and improve your changes of getting approved for the loan. Read More»

3 Tips for Getting a Better Rate on Your Mortgage

Posted on

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»