Nowadays, having a personal loan is almost a necessity. We can easily fund our homes, purchase our dream cars, or even go on vacations. Loans put money in our pockets. Yet applying for a loan isn’t a straightforward process. The entire process involves exhausting paperwork and requires patience. Besides, lenders must thoroughly investigate the risk …
Lenders use different types of collateral to secure business loans. In this post, I will review the four common types of collateral used to secure loans. I will also explore how your choice of collateral can impact your business. 1. Real Estate You can use your home as collateral to secure a business loan. …
Four Types of Collateral Used to Secure Business Loans Read More »
Saving for your retirement has many benefits. It also helps you prepare for the future. Saving at any age is good and effective. Its recommended that you start saving at an early age to have more savings once you have retired from your job. You should always put aside an amount of money into your …
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 …
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 »
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 …
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, …
When you decide that you want a loan to boost your business, you have to decide whether to apply for a long-term or a short-term loan. I would advise you to take some time to understand your business’s financial health so that you can choose a loan that matches your business needs. In addition to …
Choosing Between Long-term and Short-term Business Loans Read More »
