Business loans are generally easier to get than personal loans. But just because business loans are easier to get doesn’t mean they’re the right choice for every small business owner. Getting a business loan can be more challenging than getting a personal loan. If you’re about to start a new venture, you may consider applying…
Everyone wants to own their own business. But how often do you get to pick your business’ financing option? Most small business owners don’t have access to conventional bank loans. Instead, they must obtain small-business loans from non-bank financial institutions such as money lenders, credit unions or loan brokers. You may wonder why you need…
Reverse mortgages are a type of home equity loan that allows you to earn interest on the equity in your home. The interest is typically taxable, so it’s important to understand how this works with your finances. A reverse mortgage is a tool that many people use to help fund their retirement. By putting down…
Refinancing is the process of increasing your mortgage to increase your mortgage loan amount, or decreasing your mortgage to decrease your monthly payment. Refinancing a mortgage is a great way for home buyers with conventional loans to increase their equity in their homes faster than they think possible. There are several advantages to refinancing a…
What is the first thing that springs to mind when you hear the term “life insurance”? Perhaps an image of an elderly gentleman reading from a book with yellowed pages while smoking a pipe and sitting by a fireplace. That individual most likely would not have been seen in a pair of horn-rimmed glasses; nonetheless,…