Finance Archive

How Can a Mortgage Broker Help You?

A broker is an individual who acts as the intermediary between the borrower and the lender. The lender provides the funding and the broker only facilitates the meeting between the borrowers and the lenders. In a way, the broker makes it easy for the borrower to access the best mortgage offers and deals on the [&hellip

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Protecting Your Friendship While Doing Business

When starting a business, many choose to work with friends. There is nothing wrong with that. Some of the biggest businesses are founded by best friends. Take Larry Page and Sergey Brin, the founders of Google, for example. Ben Cohen and Jerry Greenfield, who are childhood friends, started Ben and Jerry’s Ice Cream. These businesses [&hellip

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Reverse Mortgage: Understanding How It Works

In the past, reports of predatory lending in the reverse mortgage industry tarnished the image of the FHA-insured loan. Common victims are unsuspecting seniors. Today, reputable lenders such as Primary Residential Mortgage, Inc. request borrowers to get acquainted with the risks of reverse mortgage programs first before committing to a loan. How a Reverse Mortgage Works The [&hellip

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Get Your Business Started with an SBA Loan

You’ve always wanted to start a business and be the boss. You don’t have to rush off early in the morning to go to the office. The problem is you don’t have any enough capital to get your business off the ground. There are ways to find funding for your capital. According to Wasatch Peaks Credit [&hellip

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Applying for an FHA 203K Loan: How-To Guide for Owners of Fixer-Uppers

Many people get inspired to buy homes that need serious work, thanks to lifestyle and reality television shows. If a house is considered uninhabitable, lenders usually don’t hand out loans to borrowers. The FHA 203K loan program is set up by the federal government to help buyers repair an old and/or damaged home. For instance, it is [&hellip

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4 Ways Outsouring Can Expand Your Business

If you want to expand your business, you have to be ready to support exponential growth, and one effective solution is to hire BPO services. Here are some reasons many companies around the world choose to outsource. Focus on Growing Your Business The ability to delegate is one of the top skills many successful business [&hellip

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The Advantages and Disadvantages of Using ROBS for Your Startup

ROBS or rollover as business startup involves upcoming business owners using their retirement accounts for paying for startup business expenses. You build a C corporation with its own retirement account and roll over the funds from your own retirement account into your startup’s retirement account. Your startup, as a C corporation, could then issue stock, [&hellip

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Surprising Things That Could Actually Destroy Your Credit Rating

All people know that they need to pay off all their bills promptly and limit their debt, and in most cases, that’s all that matters when it comes to your credit rating. However, most people are unaware of these sneaky factors that could also put a significant drop in your credit score: Tax Liens – [&hellip

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Avoid Huge Home Maintenance Costs with These Ideas

The value of your home can go up over time, especially if you take good care of it. What you spend on maintenance, however, is a different story. Whether you’re an owner or a tenant, you have to spend a little money on immediate maintenance if you don’t want to empty your bank account just [&hellip

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FHA 223(a)(7) Loan Requirements: The Project Capital Needs Assessment Report

A Project Capital Needs Assessment or PCNA is a plan particular to a multifamily property. This program addresses existing and overdue property maintenance, plans for rehabilitation and modernization, as well as a scheme for making certain that all the property’s requirements would be addressed moving forward. When applying for an FHA 223a7 loan and other [&hellip

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