Applying for a commercial construction loan is a long, arduous process, so you may be tempted to start spending the money right away once you’re approved. However, it’s important you take care of two important financial issues before you begin investing the money in your project to avoid serious problems that may develop down the road.
1. Set Aside Cash for Interest Payments
When banks approve commercial construction loans, they’re taking a huge risk.…
Perhaps one of the most time-consuming and stressful parts of getting a home is acquiring a mortgage loan. Although this may seem difficult, it really doesn’t have to be if you follow these helpful steps.
1. Improve Your Credit
Probably the most important thing you can do before seeking a mortgage loan is improve your credit. This score will ultimately determine what type of interest rate you get on your loan.…
A home equity loan is a valuable asset in your financial toolbox. And to wield it to its maximum advantage, you should ensure that you can deduct the interest on your income taxes. How can you do this? Here are four simple rules to follow.
1. Use it for Improvements. Under the recently passed tax laws, beginning in 2018 there are some new limits to how you can use a home equity line of credit and still deduct the interest.…
You might love being a homeowner. One thing that you might not love, however, is being locked in to a mortgage payment for the next 15 to 30 years. The idea of being able to pay off your mortgage early might be incredibly overwhelming, but you should know that it’s not impossible. These are a few small changes that you can make that can help you pay your mortgage off a little more quickly.…
