Are long time savers risky borrowers?

As a saver you have the habit of depositing each month to your account, this should be valuable habit for banks.

One of the biggest problems for banks and any lender for that matter, is to provide lending to creditworthy borrower. Namely, they try to avoid borrowers that could potential default on their loans. The creditworthiness of borrowers is evaluated on the basis of a predetermined evaluation criteria. It should be

4 personal finance apps you should have on your phone

Personal finance apps can help you to better manage your finances.

During the last couple of years we have witnessed an increase in financial awareness. Namely, people are becoming more responsible with their finances. The augmented popularity of responsible financing is additionally amplified with the support of technological innovations and the widespread use of technology. Consequently, there are numerous personal finance

Pros and cons of assumable mortgage

Before you buy your home, consider the advantages of assumable mortgage.

When people are planning to buy a home and they don’t have enough cash, they are planning to apply for some of the common types of mortgages. Most of them for one reason or another, fail to consider a type of mortgage called assumable mortgage. As the name implies, this

Adjustable rate mortgage explained

Before deciding for which type of mortgage to apply, try to understand the ARM.

Regardless of the loan you are shopping for, you should always pay attention to all costs associated with it. Namely, you should inform your self about the different fees, as well as the type of interest rate charged by the lender. Understanding these costs could help you in your decision

Pros and cons of Graduated payment mortgage

Pros and cons of Graduated payment mortgage

Early in your career you may have a desire or plan to buy a home, but because of your income level, you may not be able to afford the home you want. You can not afford it using some of the conventional mortgage loans. This doesn’t mean that you should

Negative amortization – do you know how it can affect your finances?

Watch out for the possibility for negative amortization on your loan.

Before talking about the negative amortization there are two basic things that should be briefly explained. Namely, when taking out a loan you should be acquainted with terms such as: loan amortization and loans amortization schedule. In simple words, loan amortization is the process of paying off the principal amount

Top