Confession: I Financed My Car (My NEW Car)

One of the cardinal rules of personal finance is that you don’t finance your cars. You save up and pay cash. Another cardinal rule of finances is that you don’t buy new. With my last car (the car I drive now), I broke both of these rules. And I don’t even feel bad about it. Here’s why: I Drive My Cars for a Long Time I drove my last car for almost a decade. Even now, that car is still being used — by my former in-laws. My current car will do its duty for...

Are There Racial Disparities with Auto Loans ?

It would be nice to believe that auto loans are given out by a system that only looks at your ability to pay and your financial history. And any well-run auto lender will, in fact, care only about your financial history, not your personal background. But a recent federal investigation indicates some borrowers may want to look just as closely as their lender as their lender looks at them. A Weak Link In The Chain The loans in question are “indirect”...

3 Tips on How to Successfully Apply for a Home Loan

1. The criteria of the mortgage lending includes your employment history, and when you have 2 years of continuous employment its will reflect in a good way on your application. So if you or after find house and at the same time your thinking about changing your job after 18 months , you should weights for your loan to be approved before ain’t change your circumstances. You only have to wait until the home loan is approved, after that, the world is yours...

Tips on Low Credit Home Loans

When you have a bad credit rating, you know for sure that you can create a lot of disadvantages. The bad credit score will cause you to have difficulties for getting or applying loans. If a low credit score home loan is your choice to apply, your work is going to be extra hard for that. FHA loans is one of the places you should look if you have a bad credit score. Because these loans give people an opportunity to get their loan approved, they are great...

The average rate for personal loan from different lenders

It is necessary to consult about the rates from different lenders before applying for a personal loan with a particular lender. The following will talk about the average rate for personal loan from different lenders. Variable versus fixed interest rate At the beginning, you may consider that variable interest rates are lower; however, the rate can change with the term of the loan; while a fixed interest rate will keep the same. You can save a lot of...