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debtconsolidation-refinancing

What Is Better: Debt Consolidation or Refinancing?

Whenever you go on the Internet in search of a method to cut down on those annoying interest rates and fees, you will always find the debt consolidation vs. refinancing discussion. And no wonder, these are the most popular methods of reducing the amount of money you are losing when you have to repay a loan. The debt consolidation vs. refinancing subject is nothing new, and it will probably go on for years to come. This is why we decided to discuss this topic and find out which method is better. Refinancing – What Is It? Refinancing is when you […]

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Is a Second Mortgage Better Than a Business Loan?

Businesses cannot thrive without adequate funds for its capital and operating expenses. It cannot grow without funds for expansion services and growth-oriented endeavors. But, not everyone is enthusiastic in putting their house on the line when getting a loan. While a second mortgage is a type of loan that lets you borrow a substantial amount –of money against the value of your home, some are skeptical about it. Your home is considered as an asset, waiting to happen. As Robert Kiyosaki, a famous real estate business mogul said that a house is a liability when it takes money from you. […]

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Short Term Or Long Term Loans?

You may have thought about getting a loan at this point in your life. But, which is better: short term or loan term loan(s)? A loan is a sum of money which you borrow with the intention of repaying over a period of time. You may find a loan for various reasons-but the reality is here. It is simply borrowed-you have to pay it back, with interests. What’s the difference between short term and long term loans? When is it wise to get one? Reasons Short-term If you are looking to pay for minor purchases and you need money right […]

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Avoid These Debt Consolidation Loan Traps

If you want to secure a lower overall interest rate for your entire debt load and roll then into one convenient loan, debt consolidation is the right loan product for you. This form of debt refinancing allows you to take out one loan to pay off several debts. It is the best option for people who have many high consumer debts. Many borrowers opt for this type of loan because they only have to pay once every month and they usually enjoy lower interest rates and monthly payments compared to their original debts. But, if you are not careful, you […]

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When Is The Right Time To Refinance?

When it comes to refinancing timing is almost everything. Here are things to consider when deciding when to refinance a loan. Understanding Refinance Refinancing means you are borrow money on top of your existing mortgage. You are simply replacing your existing mortgage with a new one. In most cases, the new lender pays off your existing mortgage with better rates and more affordable terms and becomes the new holder of the mortgage on your property. Here’s an example. Amanda has a mortgage of $200,000. She has already paid $50,000. But, she is having a hard time repaying her loan because […]

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5 Mistakes When Buying Auction Property

Getting the right auction property at the most favorable price requires a good strategy. If you want to get a definite result, here are some common auction mistakes to avoid so you can come out a winner during the auction day. Getting carried away Accept the fact that the auction process can be an overwhelming and emotional experience. Bidding on an auction property is like going into battle. Don’t let your emotions rule over you. Remember that you are going to invest a huge amount of money and you don’t want to over-extend your pockets. So, don’t get carried away, […]

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What Every Entrepreneur Should Know About Caveat Loans

The length of caveat loan typically ranges from 2 weeks to 3 years while waiting for the approval of a longer-term loan or a larger one. It is a short-term loan which is often called a “bridge loan” because it is an interim financing for an individual or business until the next financing is arranged.  The borrower usually gets a new financing to repay the caveat loan and to finance other business needs. Are caveat loans cheaper than conventional financing? Many lenders consider this type of loan as a risky type of financing that’s why they typically charge a higher […]

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5 Tricks to Get The Most Out Of Your Refinance Loan

As we get older, there are more things to cover, utilities, housing, medication, insurance, education, business costs, daily expenses—your list will go on and on. You’ve got to have a good financial management strategy to make sure your refinance loan gives you the best financial coverage and lasts until your urgent needs are met. But, it’s your lucky day. We’ve got the tips on how you can make the most out of your refinance loan. Consider using NSW Mortgage Corp. It has many loan options designed to meet your specific financial needs. You can get better rates than you can […]

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What Are the Hidden Costs of Switching Your Mortgage to Another Bank?

Moving your mortgage to a new lender can result in financial savings, but you will need to pay a couple of fees here and there in the process. The main reason for moving your mortgage from one lender to another is represented by the financial advantages you get from the new one. A new lender can be more competitive as it can offer an attractive interest rate and payment term, and other accessible fees. In this article, we will discuss the fees you will have to pay for moving your mortgage. The Cost of Mortgage Discharge If you check your […]

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What Refinance Borrowers Should Know About Saving Money

It’s so easy to spend money when you know you have access to refinance loans, but putting away money on your savings accounts can extend your budget and do a lot more. Before you rush to take advantage of the lowest refinance rates in history, take time to study the importance of saving money, especially if you have bad credit. It helps you make smart investments. You can only save money if you stick to a budget, and vice versa. It is easy to follow your budget if you plan to save money for positive goals. You could plan what […]

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