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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.

Sep 18, 2020
Shopping for a Mortgage
How to get the best rate on you mortgage
Whether you a purchasing a new house or refinacing your existing house, with a little shopping you can save thousand of dollars over the life of the loan. Using the internet can make shopping for a loan easier, but you want to make sure you are comparing apples to apples.
There are several fees involved in a mortgage that will affect how much you pay up front
The most important fee is the mortgage discount fee which can vary from 0% up to 3 or 4% The higher the fee the lower the mortgage interest rate. But, you also look at other fees as well such a processing fees, underwriting fees, appraisal fees, etc.
When you take all the fees together, they are combined with the interest rate to calculate what is called APR. That number is what you want to use to compare loans. The lower the number, the better the deal. More info...

Sep 18, 2020
Waiting time for a Mortgage
Lines are long at the mortgage store
The housing market is booming and purchasers are rushing to bank to get their loan approved. As mentioned in another article, it is best to get pre-approved fo a loan so that you have a head start on getting your loan closed.
If you got a pre approval for you loan you will be ahead of the game but there still is an amount of work to be done on your part.
As this article suggests, you can start accumulating the required information even while looking for a house.
The better prepared you, are faster your loan will get final approval and close. More info...

Sep 17, 2020
Construction Loans and Disbursements
Gary R. Crum
The Residential Construction Process
The residential construction process involves considerable detail, starting with lot selection and drawing up specifications. Every item to be included in the construction process must be included in the specification list, from shoe moldings to roofing materials. This will give you a good idea of the total cost of your construction. More info...

Sep 17, 2020
Business Loans for LLCs
Get Multiple Quotes
Business Loans
Apply for a small business loan with one simple application and get several offers. Lenders will make offers based on your business credit and income. It cost nothing to apply so it is worth a few minutes to see what kind of loan offer suits your needs. More info...

Sep 17, 2020
Top 10 Economic Predictions for the Next 10 Years
BY KIMBERLY AMADEO
From the national debt and housing market to climate change and military spending, here are the top 10 predictions that may affect the United States and your own personal economy over the next decade.

Pandemic Recovery: V, U, or L?
In just a few months, the COVID-19 pandemic decimated the U.S. economy. In the first quarter of 2020, growth declined by 5%. In the second quarter, it plummeted by 31.7%.1 In April, retail sales plummeted 16.4% as governors closed nonessential businesses.2 Furloughed workers sent the number of unemployed to 23 million that month.3 As of August, the number of unemployed declined to a still-horrendous 13.6 million.
The Congressional Budget Office (CBO) predicts a modified U-shaped recovery. More info...

Sep 16, 2020
Getting Pre Approved for a Mortgage
Apply for a Mortgage Pre Approval Before House Hunting
Mortgage for New Home. When shopping for a new home, most realtors are going to want you to prequalify for a mortgage before they start showing you houses. The prequalification will tell them the price range of home you can afford and assist the realtor in showing you the right houses.
A prequalification only says you qualify for a loan, but all the information you provided will have to be verified once you actually make a loan application. It is best to be as accurate as you can be in when completing the prequalification application.Mortgage for New Home. When shopping for a new home, most realtors are going to want you to prequalify for a mortgage before they start showing you houses. The prequalification will tell them the price range of home you can afford and assist the realtor in showing you the right houses.
A prequalification only says you qualify for a loan, but all the information you provided will have to be verified once you actually make a loan application. It is best to be as accurate as you can be in when completing the prequalification application. More info...

Sep 16, 2020
Consumer Action Handbook | Who to Call
Download this publication for FREE (pdf format) C
onsumer Action Handbook
This everyday guide to being a smart shopper is full of helpful tips about preventing identity theft, understanding Download this publication for FREE (pdf format)
Consumer Action Handbook
This everyday guide to being a smart shopper is full of helpful tips about preventing identity theft, understanding credit, filing a consumer complaint, and more. Use the margins to make notes, write questions, or record other useful information.Download this publication for FREE (pdf format)
Consumer Action Handbook
This everyday guide to being a smart shopper is full of helpful tips about preventing identity theft, understanding credit, filing a consumer complaint, and more. Use the margins to make notes, write questions, or record other useful information.credit, filing a consumer complaint, and more. Use the margins to make notes, write questions, or record other useful information. More info...

Sep 16, 2020
How to compete for a home in today"s hot market
Natalie Campisi
It's a seller"s market across the country, and "For Sale" signs are not staying up long. The limited inventory, especially in the entry-level segment, means fierce competition among buyers.

Resale inventory is the lowest in 18 years, according to real estate data firm CoreLogic. Entry-level homes were the most limited, with just a three-month supply for sale, compared with a seven-month supply of more-expensive homes. The months� supply gauges how long the for-sale inventory would last if no new homes were built at the current sales rate. More info...

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