Blog Archives

Think Like The 1%

11/01/2012
By
finance2

We all want to be rich, but what does it take to be amongst the top 1%? What are these people’s attitudes and what is their approach toward money, business and life? Can we do the same and rise above the 99%? You could always use the homeowner loans at moneysupermarket to purchase your first home and get yourself going; then plan for the next step. The one thing that many parents want for their children and what they instil in their young minds from an early age is that education is important. Some people don’t think so, but the wealthy always do. Private schooling is high on the priority list of the rich, as is a college education,...

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What`s Next For The Housing Market?

08/12/2011
By
home buying

Experts tend to agree that 2012 will see home prices rising slightly. Coming from Fiserv, a firm that accurately predicted that 2011 home values would drop, there’s a good chance that this prediction isn’t too far off the mark. On the other hand, some predictions slate 2012 to be just like this past year, with home prices declining by as much as 7%. This is most likely due to the staggering six million homes in delinquency stages, which could mean massive foreclosures in the New Year. Even though mortgage rates will continue to be low, there simply won’t be enough qualified buyers in 2012 to make much of a dent in the excess inventory. Mortgage rates themselves will stay...

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Planning for your new financial year

18/11/2011
By
Saving Money

We all have New Year’s resolutions, but they are often not worth the paper they are written on or the hard drive they are saved on. Saving into an ISA at moneysupermarket can be a start. From a financial point of view, we all plan to spend less in the coming year but often circumstances make it difficult for us to adhere to our plans. With the world economy the way it is and many European countries bordering on default, saving must be at the top of the list. It is always a good idea to compare ISAs at moneysupermarket and other such comparison sites so you know that you have the best savings vehicle for your circumstances. Financial...

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Buy a car like a pro

19/10/2011
By
Buy a Car

Imagine showing up at the dealership with no information about the car you’re there to buy. No idea of the sticker price and no clue about dealer invoice cost. You don’t even know how much the loan payments will be. Financial suicide, right? Not anymore. In the current age of smartphone technology, being elbow-deep in books to get the necessary information is definitely a thing of the past. These days, phone apps and internet sites exist to put all the information you need literally at your fingertips, all while you’re standing on the showroom floor. For example, a site like moneysupermarket.com is good as moneysupermarket compares car loans. These sites give the prospective buyer a series of quotes from...

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Why didn’t you get that home loan?

03/10/2011
By
Home Loans

Rejection is rarely welcome, especially when credit applications are involved. During the past few years, numerous applicants have been declined credit for secured loans and mortgages. The question many people are asking is why. Provided below is a summary of some of the reasons why applicants are being refused credit for loans and mortgages. People who have been turned down for mortgages should also read more here for a guide on how much they will realistically be able to afford. As suggested above, rejection is usually as unwelcome as it is unpleasant. So far as credit applications are concerned, however, rejection ought not to be taken personally. Rejection in the context of financial lending is simply a consequence of...

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Beware the flopping real estate scam

20/09/2011
By

Throughout history, there have been scams that have been designed to make a quick buck for their unscrupulous perpetrators. Currently on the rise is the ‘flopping’ real estate scam. The scam is perfect for these depressed housing market conditions whereby everyday Americans are struggling to pay their mortgages. The scam takes advantage of the practice of short selling. Short selling occurs when homeowners cannot meet their mortgages repayments and agree with the mortgages company to sell the property for a reduced amount. Flopping can involve either real estate agents or individuals working in partnerships who split the profits. There are various ways it is undertaken depending on the people involved. Simply put, one party purchases the property from the...

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How can you pay off your mortgage quickly?

26/08/2011
By

Mortgage loans are often one of the largest loans and the most important that a person can take out during their lifetime. If you have a mortgage loan, you are probably interested to learn the ways in which you could pay off the loan as quickly as possible. There are a number of different ways in which you can pay off your mortgage loan quickly. Choose the option, or options that best fit your particular situation. One way you can pay off your mortgage quickly is to make as many extra payments as you can possibly afford very early during the life of the loan. The extra payments should be made by check and the notation in the Memo...

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5 personal finance tips for the self employed

01/08/2011
By

In the past job security was taken for granted, but as many businesses, large and small, feel the pinch on their finances, working for some-one else is no longer the safe haven that it used to be. Looking for a new job is also a very disheartening task, with few new positions being created and the employment sector stagnating. However, with the number of businesses going under, there are gaps in the market and despite the tough economy, now could be a prime time to consider working for yourself. Being self-employed may sound very liberating, but it is not a decision that should be taken lightly as it will make some fundamental differences to the way in which you...

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Are you using the wrong credit card?

20/07/2011
By

You may be thinking a credit card is a credit card, so there’s really no difference between two squares of the same plastic. This cannot be farther from the truth. Credit cards, like anything else in life, have a certain quality to them and your current card may be completely wrong for your lifestyle and financial situation. As our lives change, our needs change and this is certainly true with credit cards. The low-balance card we may have started out with after high school graduation is not the same type of reward-laden card we crave in adulthood. Throw any notions of brand loyalty out the window. Staying with the same credit company forever can hinder you from pumping up...

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Refinancing Your Loan – Things to Remember

11/07/2011
By

As many households take a long hard look at their finances to try and squeeze the most out of every dollar earned, refinancing loans may be considered as an option to free up some money. However, whilst it is possible to get a new deal to lower outgoings, there are a number of other factors that need to be taken into consideration rather than just checking out the cheapest rates on a loan repayment calculator. If refinancing is being seriously considered as an option, one of the first steps should be to establish what is on the credit record. In the current economic climate, lenders are tough on anyone with blemishes on their files and will be reluctant to...

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