by Silvana Jimenez | Aug 3, 2016 | Blog
It’s not as easy as it once was to get a home loan. Government regulations due to the recent housing crisis are the primary culprit. The requirements are more stringent than they were 10 years ago. Debt-to-income ratio requirements are much tougher than in the past. It’s more challenging to get a mortgage, but not impossible. Make your mortgage application more likely to be accepted: Have a down payment. The less money you need to borrow, the better your odds of being approved. The larger your down payment, as a percentage of the sales price, the more comfortable the bank will feel. Banks would much rather loan 70% of the value of the home than 95%. If your income or credit are less than impressive, a larger down payment can make a huge...
by Silvana Jimenez | Jul 25, 2016 | Blog
Determine why you want or need a trust fund. Depending on your needs, the trust fund process can change. You don’t need a high income with a large number of assets to benefit from a trust. Trusts can be an important part of your financial plans and useful tools for planning your inheritance. Consult an attorney or financial expert for how a trust could benefit you the most in your...
by Silvana Jimenez | Jul 18, 2016 | Blog
Buying commercial property can be challenging. The properties can be very expensive, and you’ll usually need a down payment of at least 35%. Fortunately, there are many opportunities to fund commercial real estate creatively. Always remember that commercial real estate owners are business people. Everything is...
by Silvana Jimenez | Jul 11, 2016 | Blog
Saving money can be painless. It can even be a little fun with the right approach. It’s possible to save a ton of money with some minor adjustments in your spending habits. The trick is to save your savings. If you spend the money you save, you’re not gaining any ground. Find at least 10 tips you can put into action today: Save your change and your $1 bills. At the end of the day, take all of your change and $1 bills and put them in a jar. At the end of the month, make a deposit at your...
by Silvana Jimenez | Jul 11, 2016 | Blog
Weddings are expensive. The average wedding now costs over $25,000, and it can be argued that weddings are for the guests. The bride and groom hardly have time to enjoy themselves. There are numerous ways to minimize the expense of a wedding without detracting from the enjoyment. The keys are to think outside the box and...
