Category: General

Investment in Property – What You Need to Know?

Every person can invest in both residential and commercial real estate. At the same time, in order not just to lose them, but to make them work, it is necessary to choose an investment strategy: short-term or long-term. The payback period of your purchase will depend on this. A short-term strategy assumes that you buy,…

All You Need to Know About Credit Scores

If a person is given a loan, then a lender trusts him/her. And if a person does not have credit, then the American banking system will not have confidence in such a person. That is why it is very important in the USA to “build” a good credit history and earn a high credit score….

Debt Consolidation: Everything You Need to Know

Free access to lending programs leads to the fact that people who do not differ in financial literacy or who are faced with force majeure circumstances become owners of several loans at once. Banks and non-banking institutions issue loans with different repayment terms. Not only loan sizes or repayment terms may differ, but also interest…

ARM Loans: Features, Pros and Cons

In this article, we will figure out the features, pros and cons of ARM loans. What is an ARM loan? An ARM loan (also called an adjustable rate mortgage) is a type of mortgage in which the interest rate on a loan depends on a predetermined indicator. It can be a key rate, rates on…

Loans – Fixed vs Floating Rate

Nowadays, the idea of ​​issuing personal loans with a floating interest rate is being actively discussed. Let’s try to outline the main issues that a borrower should pay attention to if they sign a mortgage agreement using a floating interest rate. What types of interest rates can be used for mortgage loans? There are different…

Mortgages in the USA: Things You Need to Know

Reverse Mortgage (Home Equity Conversion Mortgage, HECM) is a non-performing loan secured by real estate, a mechanism to support retirees through the monetization of their homes. In the United States, mortgage insurance is provided by the Federal Housing Administration (FHA). The loan is issued by an FHA approved bank. Reverse mortgages allow seniors to obtain…

Personal Financial Plan: What Is It And How To Meet Your Financial Needs?

How to live without debts? Experts are straightforward in their recommendations – you need to start exemption from debtor status with the personal financial plan formation. For example, you are planning a vacation, purchasing a new car, apartment, and want to provide education for your children. How to avoid borrowing to achieve these goals? You…

Top Questions about HomePath Loans

What are HomePath loans? HomePath is a Fannie Mae program. It can assist you to settle in a foreclosed home. It is conducted with financial assistance. Every participant may be capable to purchase a home with a down payment as low as 3%. If you issue a HomePath conventional mortgage. How does a person qualify…

Loan Advisor – What He is and How to Choose The Right Advisor?

Loan advisor’s main definitions are: this is the identification and formulation of financial goals. this is an analysis of the existing financial condition. these are recommendations for optimizing the budget, reducing expenses and increasing revenues. to ensure the protection of the family from risks and force majeure situations. this is the development of a strategy…