Home equity loan rates and mortgage rates are both measures of the interest rate that a lender charges to borrow money. These are both important factors to consider when taking out a loan, as they will affect the total cost of the loan over time. Home equity loan rates vary between lenders, but generally are lower than mortgage rates. Home equity loans are typically secured against the value of your home, giving the lender more security. This allows for lower rates since the lender is less … [Read more...]
What are 5 Cs of Credit?
The 5 C’s of credit are a method used by lenders to assess the creditworthiness of potential borrowers. These five factors consist of Character, Capacity, Capital, Collateral, and Conditions. They are: 1. Character This refers to the borrower’s reputation and trustworthiness. Lenders will look at factors such as past payment history, credit reports, and references to determine a borrower’s character. 2. Capacity This refers to the borrower’s ability to repay the loan. Lenders will evaluate … [Read more...]
Stoozing Explained: Everything you need to know
Stoozing is a money-making strategy that involves obtaining interest-free credit, such as from a credit card, and then investing it in higher-yielding investments. It is considered a relatively safe and low-risk way to make money with little effort.If you’re interested in learning more about stoozing and how to get started, this article aims to provide an overview of the subject. We will discuss what stoozing is, how it works, the advantages and disadvantages, and other important information. … [Read more...]
How to get a Credit Card at 30?
Credit cards are an essential part of financial life. They can help you make important purchases, build your credit history and score, and help you manage your money. For many people, getting a credit card is a rite of passage. However, if you’re over 30, getting a credit card may not be as simple as it was when you were younger. This article will provide an overview of how to get a credit card at 30, including things you should know before you apply, ways to improve your chances of approval, … [Read more...]
Top 17 Best Credit Cards in India 2018 To Apply Online for Free
The credit card has changed the way as to how people spend their money in stores as well as online. It is a card which represents a line of credit. The money will come from a credit card issuer, and it will be assigned to a certain amount of limit based upon the information of the user. Then the card can be utilized for purchasing or spending on various things. It is to be taken note that the credit card is not to be considered as a free money source, neither it is a charity nor a donation … [Read more...]