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Showing posts from May, 2020

3 Common Risks Associated With Mortgages

Summary: Planning to take out a mortgage? Are you aware of the risks associated with them? Take a look before making your decision. While mortgages offer numerous  benefits, they are also risky to both borrowers as well as the lenders. The lenders take the risk of not getting repaid fully when they lend money. On the other hand, as a borrower, you can end up losing your money or even your home, if you happen to default on your mortgage.  Almost all lenders whom you can find through FHA live transfer leads , are aware of the risks associated with mortgages. This is why they have follow strict underwriting standards while approving loans. However, not every borrower may be aware of these risks. Here are a few things you should keep in mind before taking out a mortgage: Additional financial strain Taking out a mortgage can increase your debt. You will have to pay up thousands of dollars every month depending on the size of your loan. Even if you are extra careful abou...

Why You Should Try Alternative Financing for Your Business

Summary: Finding it difficult to fund your small business? You can choose alternative financing. Go through this article and find out why you should be doing this . Small businesses face a lot of challenges in their effort to gain access to capital. First of all they may find it difficult to qualify for such loans. And secondly, they may not be trying for the right kind of financing. There are a lot of other non-bank sources that provide financing to small businesses. They are not only easier to access; they also provide quick money to satisfy the urgent financial needs of small businesses. Many small businesses have managed to grab quite a few opportunities of growth by going for alternative financing. Even though they have to pay a little more on the interest, they get to enjoy a lot of flexibility and freedom that allow them to face any challenge that comes in their way. Traditional banks have strict eligibility requirements when it comes to approving small business loans....

5 Types of Health Insurance Plans to Choose From

Summary: Planning to buy a health insurance plan for your employees? It pays to understand your options and the kind of benefits they provide. Offering health insurance to your employees is your responsibility as an employer. However, you need to understand which health insurance plan is best before investing in it. Here is a list of 5 different health insurance plans with the benefits that they can provide you: PPO or Preferred Provider Organization Health Insurance Plan With this kind of plan, you can encourage your employees to choose any doctor or hospital that belongs to the plan’s network. They don’t have to get any referral from a primary care physician in order to visit a specialist. If they choose any services outside the network, they will have to be prepared for some high out-of-pocket expenses. It involves an annual deductible to be paid before the coverage starts. HMO or Health Maintenance Organization (HMO) Health Insurance Plan If you are looking for a hea...