Last October the Small Business Administration removed fees on SBA-guaranteed loans under $150,000. Although last year’s average SBA loan was closer to $380,000 and the year before was around $327,000, it might be interesting to note that before the financial meltdown in 2008, the average SBA loan amount was closer to $175,000—more in line with … Continue reading “SBA loan process is often disappointing for borrowers”
Cash-out refinancing can help homeowners who want to consolidate high-interest, nondeductible debt. Because your mortgage interest rate is likely to be lower than rates on credit cards or other types of bank loans, consolidating debt may reduce your overall monthly debt payments. In addition, your mortgage interest may be tax-deductible, while your credit card interest … Continue reading “Consolidating debt may reduce your overall monthly payments”
You borrowed on the refrigerator; you pay off the car and still have to pay for your new house. When you look at the bank statement, it will be a headache around. And yet each installment fees, account management. Consolidation or combination of debs into one single can help you. Try, if you would not … Continue reading “Negotiate before you start any consolidation deal”
Many loans or credit lines are great solutions for a refinancing to existing financial debt with a loan consolidation. There are some ways to use lending solutions to refinance already existing debt with great benefits. However, no single loan or credit line is always suited for every debt reduction or consolidation needs. The best way … Continue reading “Many loans are great solutions for a refinancing”
Before you proceed your financial debt with loan consolidation, you should understand the difference between a secured loan and an unsecured loan. Debt loan consolidation may save you both, time and money too. Think carefully before you decide to move ahead. Investigate your options and look at the final numbers. Is your new loan going … Continue reading “Think carefully before you decide any consolidation program”