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Financial Discrimination is Alive and Well

Financial Discrimination has not left the building. Today we have a guest writer with there first hand account of financial discrimination happening in our day. Have you ever had a wonderful business idea, but there was no way that you could turn that idea into profit? That was exactly what happened to me. I did my research and was told that I had a well written business plan. Below is my experience with financial … [Read more...]

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What is PMI and Why Do We Need It?

What is PMI? Private Mortgage Insurance There is a line on homeowner's mortgage statements, entitled “PMI.” PMI stands for “private mortgage insurance” and it can cost between $50 to $200+ per month. However, this will depend on the buyer's loan balance and the homeowner's PMI rate. PMI has the word “private” in its name because it is only offered to private companies and not government agencies or public mortgage … [Read more...]

3 Huge Benefits Of FHA Loans

Let's talk about the benefits of FHA Loans An FHA loan is issued by the Federal Housing Administration, and it helps the borrower secure a mortgage when that borrower may not be able to do so themselves because of things like bad credit or low income. We will also talk about how to get an FHA loan and what the limits to these loans are. By the time we are done here you should enough information about FHA loans to … [Read more...]

Where Are Future Interest Rates Going?

Let's Talk About Future Interest Rates Interest rates are at the heart of current global debate. Will they go up, will they go down and what does this mean for everyone watching events unfold? Since the financial crisis of 2008 interest rates have been slashed consistently by governments across the globe. Principally some Scandinavian countries have now adopted negative interest rates and the Bank of England have … [Read more...]

Should I Buy or Rent?

Should I buy or rent? That is the age old adage. We all need to place our heads somewhere at night so buying a place you can call home can be very enticing. When deciding "Should I buy or rent" there are many questions that you are going to have to address. Today we are going to discuss several things that you should always consider when making this very important decision. We will go over some common issues that … [Read more...]

Building Wealth Through Real Estate

Building Wealth Through Real Estate So you’re looking to invest? Maybe you’ve considered stocks and savings, but what about real estate? The below article guides you through the basics of investing in the real estate market, analyzing and evaluating some of the best ways for investors to make the most of their money. You’ve probably heard all the hype surrounding accumulative wealth in real estate. The markets are … [Read more...]

How to get a loan to buy your first house

How to get a loan Here are some great tips of what it takes to get a loan to buy your first property. Buying your first condo or home is a major step towards financial security, but it is important to make sure that you know how to get a loan. A mortgage is more than paying the amount that you bought the condo for, it is also necessary to pay for maintenance, taxes, and insurance for the place. In order to learn how … [Read more...]

Top 5 benefits to getting a HELOC

Top 5 benefits of getting a HELOC First let's talk about what a HELOC is. It stands for Home Equity Line of Credit. It allows you to access the equity in your home as a loan against your property. It is not like a traditional 30 year fixed rate mortgage though where you the loan amount is set and you pay the same amount monthly until the term of the loan is done. A HELOC is a revolving line of credit that uses your … [Read more...]

Improve your credit score now!

How to improve your credit score Did you just check your credit score and it sucks? What are you going to do? Here are step by step instructions on how to improve your credit score. It won’t happen overnight but it can happen sooner than you might think. Have you ever heard of people who after going bankrupt were able to purchase home within a couple of years after? It’s possible. Whether you are trying to buy a … [Read more...]

4 examples of Good Debt

4 examples of Good Debt Some talking heads and financial gurus advise people to avoid debt in any situation. Without a doubt, there are some good reasons one should borrow money to improve their future. Here are four examples when it is okay to take on debt. 1. School When attending trade school or a university, one can increase their earnings potential exponentially. In fact, after graduating high school, one must … [Read more...]