If you’re currently planning for retirement, you may be considering making a reverse mortgage part of your retirement plan. A reverse mortgage will allow you to cash in on your home equity, and it can be a powerful tool if you have a lot of home equity and a low amount of savings, a small 401k, or other retirement financial troubles. A reverse mortgage isn’t for everyone, however, and you should consider these facts and check what you’ll get on a reverse mortgage using a reverse mortgage … [Read more...]
AI is Disrupting Financial Practices Like Underwriting Commercial Loans
The financial and banking industry is using artificial intelligence to improve their business models. There are many ways that AI technology is used by banks and other financial institutions. They are using AI to provide better services and improve profitability. There are a lot of reasons that AI is important for financial companies. A growing number of banks and credit unions are using AI to help approve and reject loans. They have started using Commercial Loan Underwriting Software that … [Read more...]
WHAT IS A MUTUAL FUND AND HOW DOES IT WORK?
Irrespective of you being an old or new investor, you must have surely stumbled across the term mutual fund investments. You must have been advised by your friends or financial advisor to invest your capital in mutual funds to achieve your financial goals. These goals could be anything from planning a trip to funding for your child’s education to buying a house or car to saving for your retirement. But, what is a mutual fund? And how does it work to fulfil your financial goals. In this article, … [Read more...]
How to Get Two-wheeler Insurance for an Old Vehicle?
As per the latest ruling by the Supreme Court, all two-wheelers must get a long-term third-party two-wheeler insurance policy. This means, irrespective of your bike’s age, you must purchase five-year coverage for your bike. Even if you buy a used bike or scooter, you must ensure the insurance policy stays good for the longterm. Read on to know how you can purchase a cover for your old two-wheeler: Search for a suitable plan online Research about two-wheeler insurance online and see … [Read more...]
What Exactly is a Personal Loan Limit – Explained!
A personal loan is an unsecured loan that you can avail to meet your varied needs. Through this loan offering, you can finance your personal or professional needs without depleting your savings. The best part of a personal loan is, it has a higher limit than a credit card, which comes in handy when you need to make a big-ticket expenditure. However, it is not necessary that you can get a loan of the maximum amount offered by the lenders. There is always a limit within which you can avail a … [Read more...]
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