Disaster Looms for Many With Home Equity Lines of Credit
BJDH13 house on a pile of dollars Debt; Equity; Finance; House; Blue Alamy If you have been reading the headlines lately, you will notice a lot of news about home equity lines of credit. On the one hand, we are fearing the looming crisis of resetting …
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for consumers: Home Equity Lines of Credit Making Comeback
The couple recently opened a home-equity line of credit at Landmark Credit Union with a 1.99 percent introductory annual percentage rate fixed for 18 months, and now are picking out kitchen cabinets, countertops and flooring to finally renovate the …
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Question by JP29: How many point do lenders pay on commercial real estate loans?
I’m considering getting into commercial real estate loan brokering and I would like to find out how many point lenders usually pay on these types of loans. I know the amount can vary, but I’m looking fo a range so I can calculate my possible commission. For argument’s sake let’s say an average loan amount would be $ 2.5 million. But, any info on how the system works on loans larger or smaller than that would be helpful also. Thanks.
Answer by Topex N
Give your answer to this question below!
Question by jerry_won3772: How many months worth of funds should you have if you want to start your own restaurant business?
I want to have my own restaurant business, how many months worth of funds should I have to start with and should this be the amount of time my business should stay open if things don’t go to well?
Answer by Penny
At least 6 months.
Add your own answer in the comments!
Question by Miss Dee: How many credit lines does the average person need?
My credit score is in the mid 700’s; I have zero credit card debt and would like to boost my score up to the 800’s for future use.
I recently got a new credit card with the credit line of $ 10,500.00 (which I don’t intend on maxing out). Will this one credit card suffice for boosting my score; or should I get an additional card (i.e. AMEX)?
I understand asking for too much credit at once can lower your score.
Answer by Adam L
First, why boost your score to the 800s? With mid 700s credit, you can qualify for best-rate car loans, mortgages, etc… Having a higher rating really doesn’t get you much more than a higher rating.
Overall, one card is enough. The only reason to get an AMEX is if their card offered some nice perks – better than your Visa or MC.
Then, you would use the AMEX in places where you could, and the Visa/MC where you couldn’t.
What do you think? Answer below!