Renovation Loan

What is 203k Renovation Home Loan and how does it work?

FHA 203k loan is designed to finance the needs of homeowners when it comes to buying an old, damaged or even “inhabitable” house. Obviously, an old house costs much less than a brand new one but the flip side of it is that this abode can eventually cost an owner much more due to massiveContinue reading

bank loan

15 key facts about getting a bank loan

Getting a bank loan requires a thorough research and a clear understanding the pros and cons of the terms. You should know exactly what aspect of the loan Agreement plays in your favor and what terms could eventually cost you extra money. Here is the brief list of the most useful and helpful facts aboutContinue reading

Bad vs good

Good Loan vs Bad Loan – How to Discern?

Loan is a part of a person’s life nowadays. We take loans for education, purchases, business and other purposes. However, there are always good loans and bad loans. Let’s consider features of good loans: it improves your financial position; payments for debt interest correlate appropriately with your income. Now let’s consider features of bad debts:Continue reading