Three Reasons You Should Choose a Personal Loan Instead of a Credit Card

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When you need to buy something, it’s tempting to use credit cards to finance your purchase. Depending on your situation, though, that may not be the best way to go. Here are three reasons why you should opt for a personal loan instead. Lower Interest Rates The top reason why personal loans are a better option than credit cards is they typically have lower interest rates. The average credit card rate is between 12.…

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Four Issues That Often Sabotage Adjustable-Rate Mortgage Loans

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If you’re thinking about purchasing a home, you may have heard about the numerous advantages of “adjustable-rate mortgage” (ARM) loans. ARM loans are home loans that begin with a low interest rate in the interest of helping a homeowner afford their house. This interest rate is recalculated to go up over time, making the payments increase over time. Many homeowners begin this purchase with the idea that they will be able to increase their earning potential or refinance their loan after several years.…

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Hard Money Loans: The Lifeline That Many Homeowners Don't Know About

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Homeowners who are struggling to make their mortgage payments need to explore every possible option to stave off foreclosure. One such option is a hard money loan. Hard money loans are a non-conventional way for homeowners who are behind on their mortgage to get caught up. Understand the ins and outs of a hard money loan to determine if it is the right choice for you. What is a Hard Money Loan?…

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