A Primer on Commercial Second Mortgages Understanding Finance Covenants

A second mortgage is a loan secured by the worth of the property. It is granted on the premise that the loan will not be paid back. In the event of default, the lender would access the property to get back what is owed on the first mortgage. Forming a partnership or corporation is not… Continue reading A Primer on Commercial Second Mortgages Understanding Finance Covenants

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Categorized as Mortgages

Is all debt bad?

You’ve probably heard the saying: “You need money to make money”. Unless you have a very wealthy family or have inherited a fortune, you will need to get into debt at some point or point in your life. After all, it would take a very long time for a young person to save the total… Continue reading Is all debt bad?

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Getting a Home Equity Loan

What exactly is a home equity loan? It’s a sum of money that’s borrowed against your house. All equity is that you’ve built up over the years on your home. The term for this is your equity. How much equity you have is the key because it determines how much you can borrow. Most banks… Continue reading Getting a Home Equity Loan

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Categorized as Home Loans

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Categorized as Car Loans