Home Equity Loan – Beware of equity stripping scamWritten by Charles Essmeier
The market for mortgage refinancing has been brisk during last few years. The boom in business can be attributed to interest rates that have been at or near historic lows, and to lenders who have more money to lend now that they aren’t investing in risky tech stocks anymore. Low rates and agreeable lenders are certainly good for consumers who might be interested in refinancing their home or taking out a home equity loan. Those considering such loans should be aware that booming market for refinancing has led to increased competition among lenders. And when competition increases, so does number of lending scams.
These days, lenders are surprisingly aggressive. It’s not unheard of to have people knock on your door, asking if you would be interested in refinancing your home. Lenders that are eager to lend you money are great, provided that you are actually interested in borrowing. If you are, then you should be careful Make an effort to thoroughly investigate your lender if you do not have a previous relationship with them.
A scam that is
| | Understanding Basic Tax TermsWritten by Ryan Fyfe
If your like many, you don’t always understand what people are talking about when it comes to Taxes. It’s important to know main tax terminology, especially when tax season comes around. Knowing basics will make tax season less of a hassle for you, and maybe even save you some money. There are hundreds of terms; Below are some of most important:Tax Form A Tax Form is form that is filled out and submitted to your government to report all of your tax information for past year. Audit An audit refers to an unbiased examination and evaluation of financial statements of an individual or organization such as a business. Audit’s are performed for purpose of ensuring that accounting records are fair and consistent, and are following guidelines laid out for individual or organization. Capital Gain Capital Gain refers to amount of money made on Capital during a given tax period. For example if you own a house, and over past year value of your house increased by twenty thousand dollars, you would have to claim this twenty thousand dollars as a capital gain in your income taxes.
|
