Debt to Income Ratio: What it is and how it helps (or hurts) your chances of getting a loan

by Jason Dieter 8. August 2012
So, you’re trying to line up financing for that luxury car you’ve always wanted; or that new addition on the house your wife has been “gently” reminding you of; or how about the new sports boat to take the kids water skiing every other weekend? Well, in order to make any of these things happen, most of us turn to our friendly local bank to inquire about a loan to turn our dreams into a reality. Your average banker will often tell you that yes, they finance such requests a... [More]

How to Decide: Home Equity Loan or Line of Credit?

by Wade Barnes 14. September 2011
So, you’ve decided to add an addition, pay tuition expense, or have a cushion for life’s unexpected expenses. As your home is one of your greatest assets, many people decide to borrow against the equity in their home by obtaining a Home Equity Loan or a Home Equity Line of Credit. The tough decision is deciding which product will best suit your situation. When working through the decision of whether to obtain a Home Equity Loan or a Home Equity Line of Credit, there are 4 catego... [More]

Paying for College through Friends and Family

by Admin 29. July 2008
I just read online that two major colleges increased their Fall 2008 tuition by almost 10%. For many of us, paying for college is a struggle, especially in the midst of shaky economic times. Some options are financial aid and government loans, borrowing from family, or if you are like me, going into some major credit card debt; I highly recommend not using the last option…trust me. Looking further into possible options I Stumbled Upon – pun intended – Fynanz.com. New York b... [More]


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