Ads 468x60px

Featured Posts

This is default featured slide 1 title

Easy to customize it, from your blogger dashboard, not needed to know the codes etc. Video tutorial is available, also a support forum which will help to install template correctly. By DeluxeTemplates.net

This is default featured slide 2 title

Easy to customize it, from your blogger dashboard, not needed to know the codes etc. Video tutorial is available, also a support forum which will help to install template correctly. By DeluxeTemplates.net

This is default featured slide 3 title

Easy to customize it, from your blogger dashboard, not needed to know the codes etc. Video tutorial is available, also a support forum which will help to install template correctly. By DeluxeTemplates.net

Sunday, September 14, 2014

Is an FHA 203K Rehab Loan Right for You?

Image from Flickr shared by Mark Moz
You have many choices when it comes to a mortgage to purchase a new home or fix up your existing home. The Federal Housing Administration (FHA) offers an option called the FHA 203K Rehab Loan. This loan can be used to purchase a home in need of repairs, or execute repairs on the home you now own. This loan has a higher interest rate because of the risk associated with it, but for some homeowners it is a good choice. Here are some points to consider if you are thinking of obtaining a mortgage through the FHA 203K Rehab Loan Program.

Qualification

Not every home will qualify for this loan. This loan was designed for homes which are damaged or in need of extensive repairs. You must also plan on living in the home during construction, and the building must be at least one year old. You can take out this loan if you are buying a home in need of repairs. Residences such as single family, two-family, three family, or four family dwellings qualify. Condos may qualify if they area approved for FHA loans, as well as mixed use properties as long as you plan on living in the residential section of the property. Homes which need to be moved to a new foundation may also qualify for an FHA 203K Rehab Loan.

Sunday, August 31, 2014

Educate Yourself on Pay Day Loans

Sometimes we are faced with an economical challenge which requires us to obtain cash as quickly as we can. Depending on your credit history and employment history obtaining the amount of cash you need the right amount of time can be quite challenging. Many people find themselves obtaining a payday loan or a fast cash loan getting in more financial debt than before. Obtaining a payday loan is a very simple process and many people resort to this form of loan because of their credit history or their desire to have cash quickly.

Before getting any guaranteed payday loan it is wise to educate yourself on the type of loan you are going to acquire. Specially with payday loans, interest rates can be quite high and it would not be feasible to put yourself in a financial strain that will only keep you looking for more ways to get out of the lack of a cash flow. There are many sites on the Internet that can give you as much information as you need to educate yourself on how payday loans work.

Friday, August 22, 2014

Planning for children with disabilities by properly allocating the assets

Planning for your future is equally important as well as critical for anyone. Some of us do plan ahead financially but when it comes to allocating our assets, we tend to ignore the fact.

Parents of children with disabilities should take extra care to plan their future keeping all the kid’s needs in mind. It can be very overwhelming as one has to plan for entire life of the kid. It is a very common problem as according to a study, about 20 million families in US have at least one member with special needs.

There are various aids which kids with disabilities get from government like Social Security supplemental income (SSI), Medicaid designed for kids with special needs and Social security Disability Insurance. Children with parents belonging to middle and large income group do not qualify to these benefits.

Monday, August 18, 2014

Few Things to Be Considered While Deciding Between Short and Long Term Commercial Real Estate Lease Solution

Investing in real estate is the most preferred choice among investors around the globe. Investors opt for BUY-TO-LET policy to make money from their real estate property.

Commercial Real estate includes the shops, retails, malls and office spaces. Investors lease out the property once it is ready to move in. Lease with tenants can be made on short term or long term basis according to your preference.

Short term lease imply an agreement on a monthly basis and maximum a year. In this agreement, lease can altered or terminated by either party after giving a notice. Duration of the notice can be 15 days or 30 day depending upon what is mentioned in the lease. This type of lease in more flexible since it ensures the mobility of the tenant. In some cases such as hotels and resorts, week to week lease is also available.

Monday, July 21, 2014

What Are The Advantages and Disadvantages Of Student Loans versus Personal Loans For College Expenses

People need doable ways to pay for whichever college they attend. However, not every financial option is good for every situation. In some ways, getting student loans is more advantageous than getting personal loans. In other ways, getting personal loans is the more beneficial option. Review the advantages and disadvantages of each option before you make a selection.

Interest Rates

The biggest benefit of getting a government-funded student loan is dealing with low interest rates. Unlike personal loans, federal student loans are mainly known to have fixed interest and flexible repayment options. The work to get personal loans is harder and the repayments are more expensive. Some private loans have interest rates that fluctuate often, so the total amount of the repayment increases over time.

Repayment Plans

With federal student loans, you start making payments after you leave school or become a half-time student. Some personal loans require that you start repaying as you finish school. Many of the loans are unsubsidized, which means that the borrowers have to pay the interest right away.