Most lenders and banks require borrowers to provide proof of income when they apply for a loan. This proof of income is often in the form of an income tax return or a paycheck stub.
If you’re self-employed (and don’t receive paycheck stubs) or behind on filing your taxes, one option to consider is a bank statement loan program. A bank statement loan program allows borrowers to apply for a loan by submitting their bank account statements as proof of their income and ability to repay to loan. Read More»
Do you plan to apply for a mortgage? The mortgage application process can be tedious and overwhelming due to the diversity of lenders, products, and requirements. Fortunately, you can engage the services of a mortgage broker to navigate through the process. Essentially, a mortgage broker acts as the intermediary between you and the lender. Below are the pros and cons of using a mortgage broker to secure loan financing.
Pros of a Mortgage Broker Read More»
In this day and age, most people find it necessary to have a checking account. Whether you’re opening your first checking account or are considering switching banks, you will have to decide between a traditional brick-and-mortar bank or one of the many online-only banks that are offering services to customers. Online-only banks are becoming increasingly popular, and more and more people are opening checking accounts with these companies since they have a number of advantages over traditional banks. Read More»
Taking out a mortgage is an enormous financial decision and is something that will impact your finances for years, even decades. Over time changes in the market may mean lower interest rates. You may also find that you are in a better financial state than when you initially took out your mortgage. If this is the case for you, or if you want to tap into your home’s equity, mortgage refinancing may be something to consider. Read More»
A bail bond is something for the defendant, or person in jail, to pay for and use to get out of jail until court. If the defendant, or someone on the defendant’s behalf, pays bail, they are then able to leave jail and reside at home until their court date arrives. Bail is fully refundable if the defendant shows up to all court dates and does not flee. You are able to hire a bail bond agent if you are not able to afford your bail. Read More»
