If you are self-employed and want to purchase a home, you will soon find that getting approved for a home loan can be hard. There are many restrictions for anyone who wants a mortgage, but being self-employed can bring unique challenges. Here are some things you need to know about being self-employed and getting a mortgage. 1. Prove As Much Income As You Can One of the reasons the lenders find self-employed individuals a bigger risk is that the self-employed have a harder time proving income.
14 December 2016
Owning a vehicle is one of the most important aspects of living an independent life. If you have never owned a vehicle and want to purchase one, there are a few things that you should know. You don't want to end up with a vehicle that causes you a lot of stress, such as from repairs and paying back a loan. Below, you will discover some information that will come in handy as you venture out into becoming a vehicle owner.
7 October 2016
As a prospective first time homebuyer, your credit score will be a major determining factor when it comes to securing a mortgage and ensuring the best interest rate. It may seem counter-intuitive, but it can be just as detrimental to have no credit as it is to have bad credit. This is because it makes it nearly impossible for the mortgage lender to determine how trustworthy you are when it comes to paying back your debt.
9 September 2016
Are you thinking about starting your own business? Do you think you have almost everything planned? Successfully running a business involves more than just printing up fliers and opening up a shop. There are long-term goals and pitfalls that you should know about before you even begin. In order to be as successful as possible, you should consider consulting a financial advisor to help you with your plans. Here are some ways that a financial service can help you with your business:
17 August 2016
Owning a small business appears ideal from the outside -- no boss, no cubicle, no rat race. There are many drawbacks, however, to owning a small business. One is the constant influx of cash needed to keep things growing and evolving. There are plenty of traditional avenues to borrowing money, but sometimes traditional doesn't work. Whether you don't have credit established in the business' name yet or you need the cash faster than a bank can move, the unusual options below are worth looking into further.
14 July 2016
Hard money loans are an alternate funding source for real estate investments that can often be more accessible than more traditional loans. Whether or not a hard money loan is right for you depends on several factors. If you are looking to fund a real estate investment, here is what you need to know about hard money loans. What Is the Loan? A hard money loan is a collateral-based loan. The loan is short-term and you must make payments throughout the duration of the loan.
28 June 2016
If you served in the military, you may be able to use your VA loan benefits to assist you with purchasing your first home. Here are a few things you need to know about the loan approval process when you also have Veteran Administration loan benefits to take into account. #1 Check Your Credit Report For Errors When you get a VA home loan, your credit report still factors into your ability to secure a loan.
12 May 2016
When you land in jail, the number one thing on your mind is getting out of there fast - as fast as possible, in fact! There are a few different ways that you can get out of jail, but typically the most common of these are bail bond release and own recognizance release. An own recognizance release is a no-cost bail, but it's hard to achieve. A bail bond is usually low cost, and it's easy to achieve.
8 April 2016
If you're soon to retire and are considering purchasing a new home, there are a few things that are important to keep in mind and mistakes that are necessary to avoid. Below are three of the most common mistakes that retirees make when buying their home and what you can do to avoid them. 1. Not Considering Future Physical Limitations While you may be healthy and spry when buying your home, it's important to consider future physical limitations that you or your partner may face.
29 February 2016
If you have rent or a mortgage payment due and you're broke, don't panic. Take a few deep breaths and look at your options. Here are five ways you can get cash fast: 1. Sell or pawn unnecessary items When you're faced with an emergency, how much do you really need your TV, gaming systems, or jewelry? You can sell or pawn these items for extra cash. If you know you'll have the money later, pawning is the best way to exchange your belongings for money.
14 January 2016