Browsing CategoryMoney

If you’ve just walked into the world of bitcoins, there’s every chance that you might be bamboozled with terminology. One of the terms that you might have stumbled across comes in the form of the bitcoin wallet. In its very basic terms, this is what stores all of the bitcoins you have accumulated. Of course, it’s not physical money, but rather the private keys associated with your bitcoins. To make matters slightly complicated, there’s more than one form of wallet to store everything. There’s no right answer to the one you should use, with most of this depending on your…

Financial setbacks are uncalled for, but there comes a time in everyone’s life where they require finances to follow their dreams, pursue a business plan or overcome dents. The reason behind securing a loan may vary from person to person. For some, it may be to help them climb out of rock bottom, whereas for others it may be what they need to start their career. Individuals can now apply for a loan that serves their needs best. A business loan, auto loan, house loan, etc. are just a few examples of loans that can be applied for as per…

If you are in college, saving money may be a foreign concept to you. Unless you are planning a road trip or have fraternity dues to pay, most cash gets spent not long after you get paid. However, there are plenty of reasons why you should learn how to become financially literate. In the article below, we’ll show you how stockpiling your cash can lead to a brighter future. Cash on hand = more fun During the school year, money will pass through your hands like water. Books, tuition, crazy Friday nights – these are all expenses that can add…

Financial specialists like Stephen Buzzi often come across people who believe a forbearance agreement and a mortgage modification to be one of the same thing. However, this isn’t entirely true. Essentially, when someone enters into a forbearance agreement, they can miss a monthly payment, or pay less towards their monthly payments, for a period of time agreed with their lender. The penalties and unpaid interests are then added to the loan principal. By allowing this, a mortgage provider enables a homeowner to recover from a financial difficulty. To be accepted, most will require to complete a forbearance form, which can…

According to Pew Research Data between 2000 and 2015, the denial rates among different demographics have decreased, but the groups with the highest denial rates in 2015 have not changed since 2000. Back then, 44.6% of African-Americans were denied home mortgages, 31.4% of Hispanics were denied, and 22.3% of Caucasians were denied. Fast-forward 15 years, and the numbers are more encouraging, but equally disturbing. By 2015, 27.4% of African-American mortgage applications were denied, 19.2% of Hispanic mortgage applications were denied, and 10.9% of Caucasian applications were denied. The metric used to evaluate the change in Asian denials was only activated…

Property investment has long been one of the most profitable ways to grow your wealth and there are more and more people each year like Radha Singh who see this as a great way to get started with investments. Unlike investment areas such as stocks and shares or the oil industry for example, with real estate you can actually see your money as something tangible. The hardest part of investing in real estate is getting started and if this is something which you are looking to get involved in then here is how to do it. Education The first place…

house

As the real estate market continues to heat up and interest rates rise, a lot of people are feeling the pressure to purchase a home while they can. Unfortunately, it’s not always as simple as clicking a button and getting a mortgage. If you have bad credit, unique challenges are around the corner. 5 Things to Consider With Bad Credit Anyone who tells you that bad credit doesn’t matter is lying to you. Having bad credit – anything below a 650 – makes it extremely challenging to get a mortgage. Recognizing this fact, here are some things you should do…