Home loan applications made easyWritten by Jakob Jelling
By Jakob Jelling http://www.cashbazar.comYou have finally found home of your dreams. You have searched all over and are ready to purchase it. Before you even make your offer you should seek out financing first. In some cases, it is easier to have a pre-approval in hand before making any financial commitment through a contract. Why get your hopes up after you purchase home when you can buy with assurance and wait by settlement table. Before you can buy anything, you will need to get accepted by a reputable lender. There is much you will need to know, as this will be largest purchase you will ever make. You will need to fill out a mortgage application first. As with any mortgage application, you will need to provide necessary information to lender so they can weigh option to grant you loan. This information is based upon your financial picture. It consists of your social security number, date of birth, and where you have worked for past 3 years. This information will give lender a good picture about your spending habits through a credit score. Depending on score itself, lender will make a financial decision to grant or deny your request. You may also have to explain certain circumstances in your life such as a job loss or credit rating should they not be up to par.
| | Obtain a car loan no longer than necessaryWritten by Jakob Jelling
By Jakob Jelling http://www.cashbazar.comSome time in your life you will need a new car. You may not want to have burden of a new car debt, but you may find there are very few alternatives. There are some simple things you can look for that will help reduce amount of money every month. Depending on your credit situation, a car loan can be very easy or rather difficult. Even though there are dealerships that specialize in selling people cars with bad credit, purchaser must realize what they are getting themselves into. Get loan first One of greatest advantages you can have over dealership is to get loan before you buy car. You can shop dealerships on weekends and at night and look at prices and figure roughly that car will be about 15-25% less than what sticker says. Go to a bank or lending institution and fill out appropriate paperwork. Once they give you loan, you can figure out approximately how much car will cost you in advance and apply for a blanket price. You can also sign a contract to purchase depending on financing. This means you can haggle your best price and then tell your bank or financial institution how much car loan should be for exactly. Dealerships do not want you to bring your own financing. This takes deal out of their hands. Most dealerships provide finance departments who are more than willing to lend you money should you meet their credit requirements. An average car loan can cost consumer between 7 – 15% depending on their credit rating, financial history and ability to repay loan. Some dealerships offer teaser rates at 0% financing. A chosen few people in world can actually get these rates. If you are not careful, you can find yourself paying double for car loan.
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