You can use a personal loan for several purposes. The loan repayment period will vary depending on the financial institution and your ability to clear the loan. Most personal loans that I have borrowed in the past were repayable within 2 to 6 years. After applying for a personal loan, you will receive a lump …
Ever been in a tight spot where you are waiting for money to come in to invest in something else? You do not want the deal to fall through, but the seller is threatening to go with a more committed buyer. What can I do? The answer is in bridging loans. To describe it …
If you have trouble deciding where to invest your money, then you should consider investing in real estate. Especially with home loan interest rates being lower than they ever have been, real estate is quite possibly one of the safest growing options for your investment. How Real Estate Will Benefit You With the world being …
There are reasonable ways available through which you can get cash during times of need. You can opt to borrow from family and friends or apply for credit cards from a bank of choice. There is, however, one option that stands out from the rest that comes laden with various advantages. The option is personal …
Personal Loans Basics: A Comprehensive Beginners Guide Read More »
Our saving habits determine, to a great extent the amount of interest we’ll pay when we finally get a home loan. We need a serious saving plan if we want to move from being renters to homeowners shortly. Spending more than what we earn can get us into debts, leaving no savings at all. But …
Effective Ways to Accumulate Funds for a Home Deposit While Renting Read More »
The first thing that crosses my mind when looking for a mortgage is interest rates. However, there are other factors that I usually consider before settling on a particular company. Typically, most lenders have a similar mortgage application process. The difference lies in the fees charged and the service offered. Types of Mortgage Lenders …
I have always wondered what I could do with the money if I were to win a lottery. I fear vultures descending on me with their litany of financial burdens for me to solve. Without smart money habits, I could easily turn out to be my own worst enemy if I were to squander all …
Loans are essentially advanced cash given by financial institutions like commercial banks, SACCOs, or even shylocks. Loans attract interest with time, which means that longer loan durations attract more interest. The sooner you can repay your loan, the better. longer loan durations. It is not advisable to take loans to finance luxuries. For instance, buying …
Everyone makes financial mistakes in life, and some errors can get us into trouble or even force us to declare bankruptcy. Whether we know someone who filed for bankruptcy or are going through it ourselves, the negative image of bankruptcy can be traumatizing. Avoiding bankruptcy requires a concrete financial plan and good financial habits. However, …
Managing money is an issue that concerns all of us. We have encountered this issue and never seem to understand why it’s hard. Managing money can be quite difficult, especially if you are facing financial difficulties. To manage money, you have to learn first the essentials like saving, budgeting, and the like. I, too, had …