Loan


Balance sheet



Balance sheet substantiation

Balance Sheet Substantiation is the accounting process conducted by businesses on a regular basis to confirm that the balances held in the primary accounting system of record (e.g...


Personal balance sheet

A personal balance sheet lists current assets such as cash in checking accounts and savings accounts, long-term assets such as common stock and real estate, current liabilities such as loan debt and mortgage debt due, or overdue, long-term liabilities such as mortgage and other loan debt...
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Down Payment

This is a much less common practice today, since few banks can afford it in the times when America is still healing the wounds of the recent mortgage crisis...


Mortgage Down Payment Requirements

There are lots of mortgage down payment options available for potential home buyers...
Apart from credibility and debt management requirements, you may be required to have a home in a certain geographic location...
You can use a mortgage calculator with down payment values and your monthly commitments shown online...
For example, if you pay down less than 20% of the home value, you are likely to be required to purchase PMI (Private Mortgage Insurance), which is just another 0.5% to 1% every year...
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Down Payment Assistance

First-time home purchasers and low income families can count on a little help from sellers or non-profit organizations in building up the required sum...
However, this is no longer the case, because too many borrowers defaulted, which eventually contributed to a severe mortgage crisis...
However, those who pay less than 20 percent are required to purchase Private Mortgage Insurance, for which they are charged 0.5 to 1 percent each year...
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Mortgage Down Payment Requirements

Apart from standard mortgage down payment requirements, in some cases clients are required to have a real estate property in a certain region...


FHA programs are still there, although the seller-funded assistance was canceled in 2008 due to the mortgage crisis...
If you have ventured upon a mortgage deal, you must have studied your financial reserves and chosen a reliable down payment assistance program as well as a good lender...
The last spate of defaults has triggered the mortgage crisis in the United States...
The size of a down payment depends on your credit record, debt-to-income ratio and mortgage down payment requirements set by the lending institution you are borrowing money from...
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The Imprest Stock System That Doesn’t Ruin Your Business

All this is done to reduce the amount of credit remortgages as well as to improve cost effectiveness and efficiency of the stock....
As a rule, the bigger the cargo and the greater the distance is, the lower cost per unit is required to transport the cargo...
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A Brief Guide to UK Loans

Those with bad credit or lots of debt may find it tricky to get a mortgage as the application process is quite strict and most mortgage lenders like to lend to what they see as “low risk” customers with good credit scores – basically they want to be confident that they’ll get their loan back (and much more).

That’s not to say that you can’t get a mortgage if you have bad credit – it just means that your choices will be limited...
Either way, you’ll probably need a sizeable deposit that you can use as a down payment on your property to be considered for a mortgage.

Credit cards

Credit cards are often the cheapest way to borrow money, particularly small amounts...
If you overstretch yourself and get more mortgage than you can really afford, you could end up in big trouble if the interest rate increases.

A property is probably the most expensive purchase you’ll ever make and so getting a mortgage is more complicated than any other sort of loan...
Mortgages are usually long term loans with the typical length being 25 years, however, it’s possible to get a shorter or longer term mortgage too.

Interest rates may be variable or fixed depending on the mortgage you want to apply for – bear in mind that any movement in interest rates will have a direct impact on the amount you need to pay per month...
This is because the bank or lender offering the loan wants the security of being able to repossess the home and get their money back should you not be able to keep up with the repayments!

Secured loans usually allow you to borrow more money than with a personal loan and many lenders offer good interest rates, especially if you already have your mortgage with them and haven’t missed a payment.

If you’re thinking about getting a secured loan, you’ll need to seriously consider what would happen if you were to struggle with the payments...
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