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Personal and Business Finances

Plan the Life You Want

As is often quoted, the best laid plans of mice and men often go astray. But, that is not an excuse not to plan. Planning is all about the things you can control, and at the same time being aware of economic, social, and business trends that will affect you and your family.

Financial Trends

fiancial trendsMany financial trends sneak up on us if we do not keep up with the news both in general and in business. Even if we are not involved in a business directly, business trends have an effect on everyone's lives. For example, automation that will extend into our every day lives and will likely affect the way we live and work.

The best way to keep up with trends is to read reputable newspapers and magazines which should include career related trade journals. You can also find blogs online that discuss subjects in your field.

Jun 17, 2020
Need Money Fast?
Get a low cost personal loan.
Did you run up your credit cards during the last few months? Apply for a personal loan at a low-interest rate and get the money you need to pay the rent or pay of your credit cards. Personal loans can be used for any purpose and the interest rate is much lower than credit cards. Apply now. More info...

May 7, 2020
What You Should Know Before You Request Mortgage Forbearance
Dima Williams
Even if loan servicers have been offering forbearance under the federal CARES Act � and a slew of clarifying rules by the government-sponsored enterprises Fannie Mae and Freddie Mac � for about six weeks now, confusion persists among borrowers.
"With millions more Americans filing for unemployment over the week, the level of job market distress continues to worsen,� said Mike Fratantoni, MBA's senior vice president and chief economist, in a press statement. "That is why we expect that the share of loans in forbearance will continue to grow, particularly as new mortgage payments come due in May." More info...

May 7, 2020
Here's what to do when you are out of work and the bills are piling up
Robert Exley Jr.
And if you are recently unemployed, Andrew Prignitz, a certified financial planner, says the key to budgeting in these uncertain times is to know where to focus your energy.

Prignitz says that no one can predict how long it will take for things to recover, and the economy isn�t what you should be worried about right now. "The mindset that we teach to our clients is to focus on controlling what you can control," he says.

Being proactive also is important. Prignitz recommends you contact all of your creditors and see if they can help. More info...

May 7, 2020
Cash Flow and Cash Reserves
Recent events have highlighted the need for small businesses to be able to manage cash flow. Cash flow represents the amount of money coming into the business and going out during a month. Cash flow is represented by income and expenses due in any given month. More info...

May 6, 2020
Farm and Ranch Loans
How to Get Land Loans for Farms and Ranches
Community Credit farm and ranch Land Loans can be used to purchase land, livestock, equipment, feed, seed and farm supplies. They can also be used to construct new buildings or make improvements on your farm.

Beginning Farmers
Community Credit farm and ranch loans are often provided to beginning farmers or ranchers who cannot qualify for conventional loans because they have insufficient financial resources. More info...

May 6, 2020
Mortgage Rates Lowest in History
Its' a good time to refinance - check out your monthly savings with the mortgage calculator
Mortgage rates have never been lower and now is an excellent time to shop for a refinance of your present mortgage. By using a mortgage company that can give you bids from several lenders you will be sure to get the best deal. You can use this mortgage calculator to compute your new payment. More info...

May 6, 2020
Mortgage Payment Forbearance
Delaying your mortgage payment.
If you can't make your mortgage payment be sure to contact your lender and ask for a delay or forbearance of your monthly payment. Many lenders will allow this for a month or two, but require you to make up the payments over time. By contacting your mortgage company before you miss a payment you can avoid having your credit damaged. More info...

May 4, 2020
Automated Underwriting Speeds Mortgage Loan Approvals
by Gary R. Crum
Chances are, when you apply for a mortgage, your loan will be underwritten immediately by a computer. And the automated underwriter approves more loans than those underwritten by people.

While automated underwriting will not solve every loan problem, it certainly makes buying a home faster, better, and cheaper for most home buyers. More info...

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