Thinking of availing a home loan or mortgage for the very first time? First time home loan shoppers are highly likely to fall for the sugar words and marketing tactics of banks or home loan providers. The following tips may help you strike the best deal without having to sulk over potential mistakes usually committed […]
What is A Home Equity Loan?
Home Equity Loan Explanation: A home equity loan is an additional (secondary) loan taken against the value of your home. In other words, home equity loans are secured consumer loans for which the collateral would be the borrowers’ equity in their homes. Now, what is home equity? Home equity is nothing but the difference between […]
How much Car can I afford based on Salary?
A lot of financial advisers and loan agents may say that you can afford to spend up to 33 or even 35 percent of your net income towards paying off loans – all types of loans included, that is. However, that kind of financial planning by Americans is what exactly led us to the credit […]