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Wednesday, April 22

  1. page Insurance edited Emily Nyra and Olivia {http://www.careers-in-finance.com/insurance.jpg} {http://www.careers-in-…
    Emily Nyra and Olivia
    {http://www.careers-in-finance.com/insurance.jpg}
    {http://www.careers-in-finance.com/insurance.jpg} {insurance-leads.jpg}
    Insurance, what is it??
    A contract (policy) in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.
    (view changes)

Tuesday, April 21

  1. page Responsible use of Credit edited Neil Coleman and Michael Gallanar Responsible use of Credit {credit_card.jpg}

    Neil Coleman and Michael Gallanar
    Responsible use of Credit
    {credit_card.jpg}
    (view changes)

Monday, January 14

  1. page Mortgages edited Mortgages A By Ryan White and Danny Bennett Definition- A debt program {http://inside-real…

    Mortgages
    A
    By Ryan White and Danny Bennett
    Definition- A
    debt program
    {http://inside-real-estate.com/jeremylichtenstein/files/2012/08/mort1.jpeg} {https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcSuDtga7PrZjEuv4M0VC-sg111p-RsljTA3PfQjTwTYvRL7n8pT}
    Qualifying for a mortgage
    To qualify for a mortgage, good credit is essential. Mortgage lenders want to make sure you don't borrow too much. They look at how much your mortgage payments are relative to your income, ensuring you have the ability to pay. Your FICO score tells lenders whether you are a worthy risk. The number is an indicator of whether you pay bills on time and whether you have outstanding debt. First-time home buyers, may qualify for a special mortgage, which can help.
    Types of FixedFixed Rate Mortgages
    Fixed rate mortgages are beneficial because your payments will not vary when you use a fixed rate mortgage, which allows the consumer to always know what they are getting. With a fixed rate mortgage, you typically have a higher monthly payment than with other mortgage choices. This is because you are paying a premium for the safety that comes with this type of mortgage.
    30 Year Fixed Rate Mortgages- The 30-year fixed-rate mortgage is one of the most popular mortgages. Many people like the fixed interest rate and lower monthly payments. But since the term of the loan is long, you’ll pay more interest over the life of the loan than you would on a shorter-term mortgage, and you'll build equity more slowly. A 30-year fixed rate mortgage is generally the safest and best bet, especially if you expect to live in your house for more than 5 years or so.
    ...
    Adjustable Rate Mortgage-
    The interest rate for an adjustable-rate mortgage varies over time. The initial interest rate on an Adjustable Rate Mortgage is set below the market rate on a comparable fixed-rate loan, and then the rate rises as time goes on. If the ARM is held long enough, the interest rate will surpass the going rate for fixed-rate loans. ARMs have a fixed period of time during which the initial interest rate remains constant, after which the interest rate adjusts at a pre-arranged frequency. The fixed-rate period can vary significantly - anywhere from one month to 10 years. Shorter adjustment periods generally carry lower initial interest rates.
    You can also calculate how long it will take to pay off all the interest. Which enables you to figure out your payment plan.{http://www.federalreserve.gov/pubs/arms/gifjpg/armsenglishcover.gif}
    Factors that affect mortgage rates-
    Inflationary trends- An increased rate of inflation increases the interest rate on home loans. On the other hand, lenders reduce the rates during deflation.
    (view changes)
    7:08 pm
  2. page Mortgages edited Mortgages- Mortgages A debt program in which the collateral is the real estate, and the borro…

    Mortgages-Mortgages
    A debt program in which the collateral is the real estate, and the borrower has to pay a reoccurring charge.
    {http://inside-real-estate.com/jeremylichtenstein/files/2012/08/mort1.jpeg} {https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcSuDtga7PrZjEuv4M0VC-sg111p-RsljTA3PfQjTwTYvRL7n8pT}
    (view changes)
    6:57 pm
  3. page Benefits Packages at Work edited ... It is significantly cheaper to go though your employer than get a health care insurance plan o…
    ...
    It is significantly cheaper to go though your employer than get a health care insurance plan on the open market.
    What is COBRA?:
    COBRA stands for:
    Consolidated Omnibus Budget Reconciliation Act
    What can COBRA do for me?:
    ...
    Learn more about COBRA
    What is HIPAA?
    HIPAA stands for
    Health Insurance Portability and Accountability Act of 1996
    What can HIPAA do for me?
    (view changes)
    1:16 pm
  4. page Mortgages edited ... Adjustable Rate Mortgage- The interest rate for an adjustable-rate mortgage varies over time.…
    ...
    Adjustable Rate Mortgage-
    The interest rate for an adjustable-rate mortgage varies over time. The initial interest rate on an Adjustable Rate Mortgage is set below the market rate on a comparable fixed-rate loan, and then the rate rises as time goes on. If the ARM is held long enough, the interest rate will surpass the going rate for fixed-rate loans. ARMs have a fixed period of time during which the initial interest rate remains constant, after which the interest rate adjusts at a pre-arranged frequency. The fixed-rate period can vary significantly - anywhere from one month to 10 years. Shorter adjustment periods generally carry lower initial interest rates.
    You can also calculate how long it will take to pay off all the interest. Which enables you to figure out your payment plan.
    Factors that affect mortgage rates-
    Inflationary trends- An increased rate of inflation increases the interest rate on home loans. On the other hand, lenders reduce the rates during deflation.
    (view changes)
    1:13 pm

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