Loan

Nov 30 2017

Long-term Car Loan Is A Bad Idea #government #loans

#long term loans # Long-term car loan is a bad idea Americans are taking on car loans longer than six years more than in the past, according to Experian Automotive, and that’s not the wisest financial choice for many people. More On Cars: “auto” Longer-term car loans are attractive because monthly payments are smaller than on a shorter-term car loan. And, because they allow a car buyer to buy a more expensive car while still making the payment affordable, they can actually make things worse financially. When it comes to buying a new car, the longer the car loan, the …

Jul 3 2017

When Are Personal Loans a Good Idea? #department #of #education #student #loans

#online loan # When Are Personal Loans a Good Idea? Financial gurus will tell you to avoid personal loans. They’re generally right, but sometimes one makes sense. First, let’s define a personal loan. Some loans are earmarked for a specific purchase. You buy a home with a mortgage loan, you purchase a car with an auto loan and you pay for college with a student loan. But a personal loan can be used for just about anything. Some lenders want to know what you will do with the money they lend you, but as long as you’ve borrowed it for …

Jun 10 2017

Financing a Business – Ideas and Resources from Idea Cafe #consolidated #loans

#business financing # Take a step toward living your business dream. Idea Cafe’s Feast of Financing 40+ Pages of Tips and Tools to Help You Get the Money Your Business Needs First Get ready to Get Money How much money do you need? Find out fast with. Idea Cafe’s Instant All-in-One Budget Calculator The Real Scoop on SBA Loans Kent Capener spills the beans on the SBA’s goals, realities and ins outs. It’s expert experience on how the SBA can work for you in getting start-up capital. What to Do When Funding Isn’t There Lillyvette Montalvo shares some strategies for …

May 16 2017

When Are Personal Loans a Good Idea? #same #day #payday #loans

#online loan # When Are Personal Loans a Good Idea? Financial gurus will tell you to avoid personal loans. They’re generally right, but sometimes one makes sense. First, let’s define a personal loan. Some loans are earmarked for a specific purchase. You buy a home with a mortgage loan, you purchase a car with an auto loan and you pay for college with a student loan. But a personal loan can be used for just about anything. Some lenders want to know what you will do with the money they lend you, but as long as you’ve borrowed it for …

May 11 2017

Is Buying a New Car For Zero Percent Interest Loan a Good Idea? #student #loans #without #cosigner

#new car loans # Is Buying a New Car For Zero Percent Interest Loan a Good Idea? by Joe Plemon on August 2, 2012 My friend Larry recently asked me a good question that led to a challenging question: “Joe, isn’t it true that everyone needs to be putting aside money every month for a car fund?” Joe, “Well, yes. Although some may be wealthy enough to have a nest egg generating vehicle purchase money, the vast majority of us need to be constantly saving for our next car purchase.” Larry, “I know you are big about saving for car …

Apr 26 2017

A capital idea: Small Business Administration programs help make loans possible. #school #loans

#loans for small business # A capital idea: Small Business Administration programs help make loans possible. Last Modified: Sunday, November 15, 2015 at 11:08 p.m. Nikunj Shah purchased his first motel in August, a deal that may not have been possible without a popular federal loan program. Shah paid $2.4 million for the 47-unit Super 8 motel in Bradenton, financed with a $2.19 million loan from Sarasota’s Insignia Bank through the U.S. Small Business Administration. The SBA-guaranteed loan came with a lower down payment and a longer term. It also was approved for a first-time buyer that conventional commercial lenders …

Apr 8 2017

When Are Personal Loans a Good Idea? #unsecured #personal #loans #bad #credit

#online loan # When Are Personal Loans a Good Idea? Financial gurus will tell you to avoid personal loans. They’re generally right, but sometimes one makes sense. First, let’s define a personal loan. Some loans are earmarked for a specific purchase. You buy a home with a mortgage loan, you purchase a car with an auto loan and you pay for college with a student loan. But a personal loan can be used for just about anything. Some lenders want to know what you will do with the money they lend you, but as long as you’ve borrowed it for …

Apr 3 2017

Is an FHA loan still a good idea? CBS News #grants #for #school

#what is an fha loan # Is an FHA loan still a good idea? (MoneyWatch) If you’re thinking about taking out an FHA home loan, you may want to reconsider. For nearly 80 years, the Federal Housing Administration has helped home buyers purchase their first homes by offering loans that are easier to qualify for, require smaller down payments and feature interest rates lower than they might otherwise get through a conventional loan. For millions of buyers who have decent — but not stellar — credit scores and haven’t saved up a big down payment, the FHA has been a …

Mar 20 2017

Are Home Equity Loans a Bad Idea #business #loan #rates

#ideal home loans # Are Home Equity Loans a Bad Idea? November 1, 2010 Many believe that a major cause of the recent financial downturn in the economy was an overheated and overextended housing market. In many parts of the country, housing prices increased significantly over the course of just a few years, only to experience a significant decrease in value even more quickly. Many homeowners were caught off-guard by these price changes. Some homeowners were hit doubly hard by the downturn, because they had taken out large home equity loans or home equity lines of credit when the market …

Mar 18 2017

A capital idea: Small Business Administration programs help make loans possible. #bad #credit #loans #online

#loans for small business # A capital idea: Small Business Administration programs help make loans possible. Last Modified: Sunday, November 15, 2015 at 11:08 p.m. Nikunj Shah purchased his first motel in August, a deal that may not have been possible without a popular federal loan program. Shah paid $2.4 million for the 47-unit Super 8 motel in Bradenton, financed with a $2.19 million loan from Sarasota’s Insignia Bank through the U.S. Small Business Administration. The SBA-guaranteed loan came with a lower down payment and a longer term. It also was approved for a first-time buyer that conventional commercial lenders …

Dec 2 2016

Is Buying a New Car For Zero Percent Interest Loan a Good Idea? #unsecured #business #loans

#new car loans # Is Buying a New Car For Zero Percent Interest Loan a Good Idea? by Joe Plemon on August 2, 2012 My friend Larry recently asked me a good question that led to a challenging question: “Joe, isn’t it true that everyone needs to be putting aside money every month for a car fund?” Joe, “Well, yes. Although some may be wealthy enough to have a nest egg generating vehicle purchase money, the vast majority of us need to be constantly saving for our next car purchase.” Larry, “I know you are big about saving for car …

Dec 2 2016

Is an FHA loan still a good idea? CBS News #bank #loans

#what is an fha loan # Is an FHA loan still a good idea? (MoneyWatch) If you’re thinking about taking out an FHA home loan, you may want to reconsider. For nearly 80 years, the Federal Housing Administration has helped home buyers purchase their first homes by offering loans that are easier to qualify for, require smaller down payments and feature interest rates lower than they might otherwise get through a conventional loan. For millions of buyers who have decent — but not stellar — credit scores and haven’t saved up a big down payment, the FHA has been a …

Nov 10 2016

Is a Federal Consolidation loan a good idea? #secured #loans

#federal loan consolidation # Personal Finance News and Advice Is a Federal Consolidation loan a good idea? Federal consolidation loans, or “Direct Consolidation Loans,” allow student loan borrowers to combine multiple Federal education loans into one new loan. This new loan is available for borrowers with either a Direct or FFEL (Federal Family Education Loan) loan, and they can combine Perkins and PLUS Loans into a direct consolidation loan as well. Benefits of Federal Consolidation Convenience—debts are combined into one loan, with one monthly payment, which will be much easier to manage than multiple payments to different lenders. Reduced payments—monthly …

Nov 1 2016

401k Loan: A Good Idea? #student #loans #federal

#401k loans # If you re looking for a way to borrow money, your eyes may turn to your hefty 401k retirement savings. After your 401k has reached a certain amount, most 401k plans allow you to take out a loan of up to 50% of what you ve contributed. A 401k loan seems attractive because there s no credit check, you receive a low interest rate, and you can pay the loan back over a maximum of five years. Most banks won t give you as good a deal. Then again, most banks aren t loaning you money that …

Oct 25 2016

Is Buying a New Car For Zero Percent Interest Loan a Good Idea? #interest #rate #on #car #loan

#new car loans # Is Buying a New Car For Zero Percent Interest Loan a Good Idea? by Joe Plemon on August 2, 2012 My friend Larry recently asked me a good question that led to a challenging question: “Joe, isn’t it true that everyone needs to be putting aside money every month for a car fund?” Joe, “Well, yes. Although some may be wealthy enough to have a nest egg generating vehicle purchase money, the vast majority of us need to be constantly saving for our next car purchase.” Larry, “I know you are big about saving for car …

Sep 15 2016

401k Loan: A Good Idea?

#401k loans # If you re looking for a way to borrow money, your eyes may turn to your hefty 401k retirement savings. After your 401k has reached a certain amount, most 401k plans allow you to take out a loan of up to 50% of what you ve contributed. A 401k loan seems attractive because there s no credit check, you receive a low interest rate, and you can pay the loan back over a maximum of five years. Most banks won t give you as good a deal. Then again, most banks aren t loaning you money that …