Tips on Getting Your Mortgage Loan ApprovedWritten by Chris Rocks
What is important to lenders?Not every applicant is approved for a home loan first time he or she applies. For a variety of reasons, even after a lot of hard work, sometimes a loan just can’t be approved. It may have to do with applicant’s credit or savings history, employment stability, debt structure, or value of home. The good news is that a denial is merely a detour, not a roadblock. Purchasing a home takes planning, discipline and hard work! Follow these tips and with our assistance, homeownership is not out of reach. Establish a consistent record of paying bills on time. Before making a loan size of a home loan, most lenders will want to review how you have handled your credit in past. This includes all credit accounts, including utilities, revolving debt (credit cards, etc.), and installment debt (car loans, student loans, etc.). It is critical for you to bring all overdue bills up to date immediately and begin paying them on time in a consistent manner. Establish a consistent record of steady employment. Lenders are more likely to look favorably on an applicant who has been in same (or similar) line of work for generally two or more years. If you have been working steadily for less than two or more years, expect lender to ask why. There are many acceptable reasons, including:
| | A simple stock trading system that's freeWritten by Trader Jack
I am often asked by relatively inexperienced traders whether there is a simple method that they can use that is consistently profitable. The answer is yes, and better still, it works in both a day trading timeframe and a swing trading timeframe. Heck, it even works if you want to 'buy and hold' your stocks! Basically, this system allows you to build up chunks of equity in your favorite companies at effectively zero cost.Sounds too good to be true, doesn't it? Surely it must be a complicated stock trading system, with high drawdowns and large risk? Nope. So why do I offer it here for free? Because Trader's Collective asked me, simple as that. Right, here we go. Choose your target security or stock, and wait for it to start moving upwards strongly. This could be because whole market is in an upswing, or perhaps your chosen stock is forging ahead on good news. Buy a round lot of stock, say 1,000 shares. Immediately put a limit order on it to sell 90% of stock at a price that will recover ALL your costs (including dealing costs). Say for sake of argument that you spent $10,000 on stock (at $10 per share, obviously), and $25 on execution fees, you would be looking to sell 900 shares at about $11.14 or better. This would recover your initial outlay of $10,025 and leave you holding 100 shares of your favorite company, completely free! Ah, you say. Excellent. But hang on! What happens if it doesn't hit a ten percent rise anytime soon? Or worse, starts to fall? Welcome to world of stock trading, where losses are also possible! The key to successful trading is to control any losses you incur. This means firstly setting a rigorous stop loss that will trigger automatically, and secondly trying to ensure that your entry criteria give a better than average chance stock will move right way. Let's look at that second point first.
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