- FINE POINTS

A. GENERAL INFORMATION, We are not acting as lenders or property buyers. We are strictly purchasers of property seller financed real estate paper. This includes notes, mortgages, trust deeds, land contracts, contracts for deeds and bonds for title. The paper must be in the first position and the payers must be current on their payments. Outside of non common situations which include inheritances, family trusts and powers of attorney, the stated note sellers must have previously been the legal property sellers (legally owned) or currently be in legal title for the related real estate property.

B. LOAN SERVICING, Most note buyers professionally service the mortgage loans they purchase. Thus, two of the benefits for the note payers are that their monthly payments are reported to the three major credit bureaus, and so they have an opportunity to increase their credit scores. Also, the note payers annually receive IRS tax form 1099s (mortgage interest) so they can deduct both the mortgage interest and real estate taxes on their yearly tax returns. (more…)

There are so many productive ways to spend our money: saving for retirement, paying off the house, paying down consumer debt, and don’t forget about reasonable spending to make life more enjoyable. So what should take priority? Here are some things to consider.

401(k)

First, determine whether your employer’s 401(k) has a match. For instance, many 401(k)s match your contributions dollar-for-dollar up to 4% of your salary. A match like this is simply too beneficial to resist. Think of it this way — we hope to obtain a rate of return of 8 to 10 percent on our investment portfolio, but if our employer offers the match described above, we are guaranteeing ourselves an immediate 100% return on our investment.

However, depending on circumstances, it may or may not be wise to contribute more to your 401(k) than your employer will match, and if your employer offers no match, there are other factors that need to be considered.

Consumer Debt

I frequently see individuals with credit card debt with interest rates between 20 and 30 percent. If we are not getting an additional match from an employer on retirement savings, does it make sense to invest in the market where we hope to obtain a 10 percent return when we can essentially guarantee ourselves a rate of return of 20 to 30 percent by paying off these debts? One would be better off paying down debt with these high interest rates before investing elsewhere. (more…)

A free student checking account is a great way for students to gain understanding to the financial journey that is ahead of them. Any student can tell you that they are living on a shoe string budget, every dollar counts and they for sure do not need to be laying out even ten dollars a month. Those ten dollars can mean the difference between eating a burger and eating another bowl of noodles.

Banks are savy when it comes to drumming up business. They know that a student is a good risk, they want to get their business while they are in school with the hopes that when they graduate they will stay with the bank and be wealthy enough to make substantial deposit. (more…)

One of the best things you can do for your financial situation would be to save money every month! I personally recommend that you save at least ten to twenty per cent of your monthly pay to see some really good results. I know that this amount is not the law, and would be altered to suit the different circumstances available, but the main thing is to save. At all costs, save money every month!

Saving has been defined by many people, but there is one particular definition that I like, and it simply says: saving is the act of paying yourself. Since you practically spend all your money paying others for their goods and services, then you would welcome the idea of paying yourself too, I bet – and hope, too. However you might be wondering why the hullabaloo, and why is it so important to save in the first place.

I am going to give you a brief introduction to the many reasons you can have for saving money. (more…)

1) YOU TELL EVERYONE THAT YOU ARE BROKE.

If you always say that you are broke then guess what: you will always be broke, your thoughts becomes your actions. Negative thoughts get you nowhere. Turn your negative thoughts into positive action. Remind yourself that although your funds are low right now it’s just temporary. See yourself with money and how financially responsible you will be when you have more than enough in your bank account. Don’t be surprised that when you finally change the way you think about your money situation how rich your life will become.

2) YOU ARE A DEBBIE DOWNER.

If you always say and think you can’t then you won’t. If you don’t see yourself getting ahead in like then you will always be stuck in the same negative space. Open yourself up to the world of possibilities; open your mind to thoughts of success. (more…)

The title of this article goes against pretty much everything that personal finance writers ordinarily stand for.

You are meant to worry at your personal finances according to these people: sort them out, budget them, generally check them at almost very possibly opportunity but never just leave them to their own devices.

And yet, and yet: life creeps in. Personal finance, as even some of its most ardent fans will surely admit, is an unforgivably dry and boring subject and there are much more important demands on nearly everybody’s time.

Demands like spending time with family, indulging in hobbies or just relaxing or even, and here the personal finance community will surely agree, actually doing those things which people will pay us for and will help to increase the amounts in the bank accounts we’re worrying about in the first place. (more…)

Personal finance is something many people do not take very seriously. That is why so many people are fighting with debt problems. Personal finance is about keeping a balanced debt to income ratio and ensuring that expenses never exceed income. Personal finance is crucial to keeping a good credit record and maintaining credit worthiness.

Personal finance starts with a budget. Every person should have a budget to track and mange their income and expenses. A simple budget lists all income and all expenses for a month. The bottom line of a budget is that the income should never be less then the expenses. Should the expenses exceed the income the person is going to have to cut back on expenses. They should start by cutting out non-essential expenses. This can be difficult, but for someone wanting to be serious about their personal loans, it is important. Budgeting takes a lot of self control and little sacrifice. (more…)

The world is becoming full of new and better things each and everyday, and the majority of people want to buy everything they see whenever they see it. It is a tough decision to live a more frugal lifestyle in the midst of commercialism in our instant gratification lives. Will people think it’s so bad when you are driving the same old car years after you should be?

The reason that the majority of people chose to live the frugal lifestyle is to get out of debt. They also look to not incur any more debt. They may also be looking to save for a family vacation or a child’s college tuition, or a possible financial crisis such as a job loss. Each and every person’s reason to be frugal is all different. The key to living a frugal lifestyle is to find your own motive for doing so and make a plan and stick with it. (more…)

Residential Philippines properties such as condominiums, apartments, and houses are some of the most popular types of housing in the Philippines. Townhouses, however, have significantly dropped both in popularity and demand particularly when condominiums were introduced in the Philippine market.

However, townhouses in the Philippines haven’t lost all of its popularity in the market. There are still a number of townhouses found in different locations in the Philippines, which are known for its different advantages and benefits. So what are the things that makes townhouses popular in today’s modern trends?

Townhouses
What are townhouses? Townhouses first begun in United Kingdom, Ireland, and in many other European countries. According to many experts, it was first used by the nobles and aristocracy as logging when social events such as banquets takes place in the capital. Eventually, these types have spread across the Western hemisphere as a type of housing. (more…)

Short term finance is for the people who need small amount of loan for emergencies purposes. Short term finance offers instant cash during financial crisis. It is clear from the name that the loan amount can be secured for a short tenure of time.

A person finds himself unprepared when he faces emergency demands for finance which surface all on a sudden. He may require clearing a medical bill immediately as one member of his family has been hospitalized. He must clear the school fees unless which his kids can no more go to school. It becomes urgent to pay off dues of the last loan. He may require paying off telephone bill or electricity bills. This is a very long list. (more…)