Amortization, collateral mortgages, appraisals — if you’re afirst-time homebuyer, it might feel like you’re learning a wholenew language. And while you’re probably familiar with the term “down payment,” it
An unsecured loan – also called a personal loan or unsecured personal loan – is a type of financial product that involves borrowing money without putting up an asset as collateral (something that can be sold if you do not repay the loan). You are charged interest on the loan, which mean...
A common misconception is that the style guide is for your marketing department. Not quite. A style guide should be distributed company-wide. Communication occurs within all aspects of the business, so it’s important that the whole team has access and understands the rules of the game. Spend...
A payoff statement is a document stating the amount necessary to settle a loan as of the current date. It's typically used when...
Once you get the green light, the PO financing company pays the supplier to produce and deliver the goods necessary to fulfill a customer’s purchase order. Payment can include cash but more often involves a letter of credit, which is a statement the PO financing company’s bank issues to ...
What are some ways you can source a down payment? You have several options when making a down payment: Gifted Money:Unlike borrowed money, gifted money should not be repaid. You may need to provide proof the money was gifted in the form of a letter or statement from the gift giver, and...
Vision Log –The vision log is a monthly, quarterly, or semi-annual revisit and revision of your organization’s objectives. Here instead of a static mission statement you will create a shifting growing journal, chronicling the purpose of your entity’s existence. ...
Financing The Purchase:The goal is simple: get any seller to finance the deal. We won't allow you to put up your house, guarantee the loan with personal assets, or offer your "first born" as collateral. No way! The seller will provide the financing you need. Over 90% of our clients...
The stock loan fee amount depends on the difficulty of borrowing a stock—the more difficult it is to borrow, the higher the fee. Asshort sellersimmediately sell the borrowed stock, the borrower must reassure the lender by putting up collateral such as cash, treasuries, or a letter of credit...
In a non-REO foreclosure, when the property in foreclosure is put up for auction, a purchaser agrees to pay the amount owed to the bank. How a Non-REO Foreclosure Works With a mortgage loan, the home or property is used ascollateral, meaning the lender has the right to take the proper...