(1) Set priorities carefully plan your finances. Know your wants and your needs. Do not be confused with what you
Dentists often care for their patients while running their businesses. They have various traits and qualities that enable them to
Consumer Financing Issues
Mortgage is the one type of loan that most Americans consider “good debt”, sometimes rightfully so. To further help the
Consumer Financing Needs
|What's Need to Qualify for Financing|
|Lenders use several criteria to qualify an applicant for home or financing financing. The most important criteria include:|
|1) the home/or auto appraisal:
the appraisal is the value of the asset (home or auto) that is being financed. You can borrow up to the appraised value of the home or auto.
|2) your credit rating:
your credit report is used by banks and other lending institutions to determine your credit worthiness. The report can be a factor in a lending institution's decision to approve or decline your application. You should review your credit report for any errors before applying for a loan.
|3) your capacity to repay (income ratios):
lenders analyze two ratios when qualifying the applicant for financing - the "housing ratio" and the "debt-to-income" ratio. If these ratios are too high, you may not qualify for financing.
|4) your employment:
lenders like to see applicants in good, steady employment. Lenders will verify your income with your employer or your filed tax statements.
Managing Your Credit
The first part is getting rid of any outstanding debt that you currently have. The second part is often overlooked
Taking Care of Debt
Some of the actions they contemplate, if they did carry through with them, would result in disastrous outcomes for their
The Game of Life
Here is how social media is helping the finance industry. Connecting with audience Social media platforms like Facebook, Twitter, and
Moving can be quick and easy when you start with the right choice of rental truck for moving day. It
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Clearing the startup financing obstacle is made more difficult by the simple fact that new entrepreneurs are frequently turned down
Weekly Sunday TipsRead More
You may have some idea about what steps you should pursue in order to repair your credit, but a qualified
New rules designed to protect consumers are being rolled out in steps with full changes taking place in February 2010.