Finance

When Is the Right Time to Get a Business Loan?

Small and medium businesses have been struggling more since the pandemic started. Some are not fortunate enough to keep their business open. According to the Washington Post, over 100,000 small businesses closed down permanently as the pandemic continues. If you are a struggling business owner who is on the verge of closing your business down, maybe

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Business Health: 4 Signs of a Financially Healthy Company

It’s easy to feel that your company is faring better when certain obligations are met without the usual fuss. All your employees receive their salaries on time, the monthly bills are paid before their due date, and you’re managing your company loans as you should. If you still have lingering anxiety over your company’s financial

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Mortgage Preapproval: What Is It And How to Get One

Homeownership is peddled as the American Dream, but that dream is getting farther away from the average citizen’s grasp as housing prices continue to soar. Thankfully, there are still plenty of options to fund the purchase of a home that isn’t just setting aside money for the next hundred years. One such method is applying

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The Financial Strategy for Your Home-based Business

Starting a business requires you to take care of the financial aspects first before you focus on operations. You have to build enough capital to make investments in supplies and equipment. Purchasing the establishment will be one of your costliest expenses for your venture. You can save it for a later date when you decide

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Best US Cities to Invest in Real Estate During Coronavirus Pandemic

With mortgage rates historically at its lowest and with a good deal of options available on the market, you should consider investing in real estate during this pandemic. Traditional investors agree that real estate investments are good assets since their value appreciates over time. Other than this fact, real estate offers an opportunity for investors

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The DTI Factor: What Is Debt-to-Income Ratio?

Your debt plays a vital role in determining whether you qualify for a mortgage or not. Lenders use an aspect of your debt, known as your debt-to-income (DTI) ratio, to assess your ability to repay, as well as how much you can borrow. Generally, most lenders prefer maintaining a DTI of 36 percent or less.

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When Will the Recession from the Pandemic End?

The pandemic of 2020 has caused vast amounts of damage to the economy of the U.S. and the world. According to the World Bank, the growth forecasts of all regions have been severely downgraded, with incomes per capita contracting throughout 2020, which could put millions below the poverty line. Closer to home, we’re now at

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What Are Title Loans, and What Are They Not?

Car title lending has been an infamous alternative to the typical personal bank loan. And the detractors of title-pledged financial products do have valid points. Title lending is often the subject of criticisms for its insanely high interest rates even if the business model’s naysayers know very well that such fees are compensation for accommodating

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How to Manage Your Personal Loan Responsibly

Many financial advisors will tell you to avoid incurring debt as much as possible. However, some of us are left with no better choice. Aside from relieving you from financial burdens, a personal loan can be a catalyst towards success. But whatever it is going to be used for, a loan is a financial obligation

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