Your Financing Strategy
Ask questions from your bankers which of one these will benefits you most and which one could be costly to you. You can also get free checks when you open your account, you do not need to pay for checks. All checks are processed the same way that is up to you and how you manage your money.
-Savings Accounts: Custom Savings, Money Market Account Checking Accounts: Economy Checking, Express Checking, -Regular Checking, Senior Checking, Student checking
-Your Debit/Visa Card to use for shopping could be free when you open your account, make sure you ask for it, at times they will ask you if you want one or not. Where you use your Debit/Visa Card to withdraw money matters to your bank, it could cost you for using it at the wrong places, ask your banker for information where you could use your card without paying extra charges...
Some banks charges between $1.00 up to $3.00 if you use their card to withdraw money from another bank that they do not do business with. It is your money...
Each one of the above has advantages and dis-advantages, be careful when you are opening your accounts; you could loose money to the bank right away. You also need to know if your monthly statements are going to be free or not, when you make inquiries, the bank could be charging you for too many inquiries. Some things are free from the big banks and something's are cheaper from the community banks.
Basic Requirements for lending you money:
· Savings and Checking Account
· (2) Good Credit or No Credit it depends where you are getting the money.
· (3) Collateral such as your House, Car, Boat, Gold/diamond or any valuable assets they can hold on
· Driver's License,
· Social Security numbers
· Good Employment, at least for six months.
Lenders Information:
Big Bank requirements-
Can be very tough to meet because they have to abide by the 'Federal Reserve Bank or Federal Deposit Insurance Corporation (FDIC)' regulations. They got their money from the Federal Reserve Bank at a lower rate, however, they could turn around and loan it to the smaller banks at a higher rate, and the smaller banks loan it at higher quote rate to the public.
Community Bank requirements/Credit Union:
Well, the community bank is no different either, they turn to the big banks to borrow money at a lower rate so that they can loan it to their customers/clients at a higher rate to make some profit to stay in business.
Private Capital market requirement:
This is where the business gets tougher. The Capital Market enterprise is a big boy on the Wall Street, where they can finance just about anything they like, because they are not being regulated by the government, it is an individual rich businessmen that have money to loan out at a higher rate. They are not required to follow financing rule rigidly as the bank does, but they still have follow the consumer law that protect all of us from being taken advantage of.
Family friends requirement:
This one is your best source of financing, if you could find a rich friend or family friends that can loan you money without any attachment or collateral. They may ask you to pay them some small interest, or none it all depends what you are using the money for, at they would like to get a piece of the apple when they know you are going to make a lot profit.
Collateralization:
There some companies out there that would loan you money to meet your emergency needs, but becareful, they may ask you to give them your house, car, motor cycle or any of your valuables for collateral just in case you were unable to pay them back, but, they are very quick to take your valuables and you may not have any re-course to take them to court for doing so. I would stay away from such financing unless you have to...
There is going to be a time when we are going to need finance or re-finance our mortgages, car, motorcycle, big boat, air-planes etc., that we cannot come up with up-front lump sum money to pay for it This force us to turn to our bank, family friends, private capital market, small loan companies to loan us that money. This is where we are being taken advantage of by offering us some sort of un-affordable rates. At first you would think this a great opportunity that it will not be problem, you could afford that payment being offered to you by your lender, you better think again before you sign that dotted line. They could be collecting interest from you money for long time without any of it going to your principle.
Pay attention to dotted Line and Small print in the loan documents:
The loan documents can be very tricky to read when you are not an attorney, the small fine prints areas are very important areas to pay attention to, because this is where they hid rates, timeline, and warrante, but if you don't pay attention to the rates they quote or offer to you in the loan document that you are going to sign you could be losing a lot of money. You probably better off to take to your attorney before you sign the dotted line.
In the fine print of the loan documents is where they hid most important information that your lender did not want you to know about, especially mortgage and credit card documents. It sounds strange, but it is true, If you don't believe what I said here in this document, go to your loan documents and read the small prints in there you may find out something that you would not like to see or hear about, or if don't believe what I said here, ask yourself a question of why didn't they just print the whole loan documents in a readable format with nice fonts that an average third grader can read and understand it without having to scratch their head or look up words in the webster dictionary for interpretation of words, after all you are the consumer paying them for this services and they will be collecting interest from your financing for such a long time. 95% of mortgage homeowner never gets to the point of paying principle or their mortgage finance off before being taken away from them, but the bank or private investor already started to benefit. Yes, I understand they took the risk to finance us.
I think what is fair is fair, they should make the loan documents more readable for us, and there should be no small prints that is had to read on any loan documents. They should be in a readable format that average Joe can understand; my question all the years was why are they making it so complicated to read if they do not have anything to hide? I also think the loan documents should not have so many pages when we are talking about saving the threes... Not too many consumers read all these pages, it has no value to have so many pages when no one really reads it, of course the attorney will not be making money if they these document could be reduced to minimum.
My solution to this big fat loan documents should be to reduce them to minimum, all it should it be contain is, who own the house, the rate, how long is going to be paid, warranty, borrower's and co-borrower, and all other very valuable information it should not be more than 10 pages long.
Netizen Terhibur Dengan Caption Kelakar Laman Instagram Anak Jepp
Getting Relevant Traffic to Your Finance Website
You want to generate traffic to your financial website. That's understandable. Who wouldn't want that? After all, without traffic, you won't be able to gain traction with your site or blog. The truth is, getting traffic to your website is easy. Within a day or so, you can get floods of traffic. Which would you rather have, 100 people who visit your website looking for quality finance-related information, or 5,000 average schmoes who won't know a stock symbol from a hieroglyph? It's likely you chose the 100 relevant visitors. Perhaps you can brag to your friends that your website got 5,000 visitors. But, bragging rights do little to build a long-term financial website, one where people revisit often. That is a true test of a successful financial website (or any website, for that matter), how many people return! How many people sign up for your newsletter? And the truest "litmus test" is how many people buy products or services from you? How to Get Relevant Traffic Before you make your fingers bleed writing a bunch of useless articles or blog posts on your blog, take a step back and ask what you want to accomplish with it. What are your goals for your website? You should not proceed without having this basic information formulated. Otherwise, you'll be shooting in the dark, randomly selecting topics that won't make much of a difference towards generating any traffic, let alone targeted traffic. After you have a grasp on your goals for the site, ask yourself who do you want to visit. You will read about phrases such as customer avatars or targeted customer, etc. Whatever it's called, it's a way to determine the demographics of your website. You can get this information by checking out who visits your competition. Look up a competitor's Twitter profile and visit the Twitter feed. Find out who is following that company or website. Those people are part of your target market. You can do this same exercise with any social media platform. Don't get too hung up on the demographics. You can refine the process later. Just get a get initial feel for who you believe would be the best target audience you want visiting your website. Is the Financial Blogosphere Too Competitive? There are thousands upon thousands of financial websites and blogs in existence. In another year, there will be thousands and thousands more. It makes you wonder if it's worth it to continue with maintaining a finance-related website. Here's the good news. Just because there are thousands of websites dedicated to financial topics, most of them are junk. These websites contain sales pitches, or they contain garbage content that drives visitors away. If you can rise above this trash and give readers what they want, you will open the floodgates to not only traffic but beautiful, targeted traffic. It's the kind of traffic bloggers dream of, but most fall short of getting. Creating Great Financial Content To keep yourself away from the digital riff-raff, you need to create content that wows your readers. That is essential. Otherwise, your finance site is going to be just like the rest, lost in the virtual abyss! The big question of the day is how do you create great content? It can't be just good. It has to be great. Now for some bad news - it won't be excellent when you first get started. Let's face it; most people aren't good writers or content creators. It takes practice just like anything else. One way to come up to speed quickly with content creation is to emulate what the top bloggers are doing. This doesn't mean copying them word-for-word. You want to get a sense of the tone and style of their websites and tailor that to your own style. What About Keywords and SEO? Bloggers are all-too-familiar with the terms keywords and SEO. Keywords appropriately mean what keywords will your target market use to find the information they are looking for. SEO is a bit trickier for the uninitiated. It is an acronym for Search Engine Optimization. It's techniques which are supposed to help the search engines figure out what your content is about. The biggest problem with both of these concepts is they change all the time. The Master of the Search Engine Universe (Google) changes these rules as do the other less-significant search engines. What worked two years ago can put your website into search engine neverland. One underlying concept that has withstood every change search engines make is quality content. In other words, don't worry so much about the keywords or SEO. Just write from the heart and do it consistently. Write what you believe will be of value to your readers. Nothing more! Another common tactic is to get other bloggers in the finance world to guest post on your blog or website. Preferably, you want to choose people who are rising in the ranks of influence. Although these influencers are competitors, the web works best when everyone works together to give the readers the best value possible. Everyone wins when this happens, even all the participating competitors. If you don't have time for content creation but still want to generate quality traffic to your website, consider outsourcing the task. You may have to go through a few outsourcers to find ones who will do a great job for you. But, once you find them, as long as you are willing to keep them happy ($$$), you won't have to keep looking for them. On this note, don't skimp out on price when looking for a quality writer. They are qualified for a reason. If you bottom fish, you will constantly be looking for new writers. When you find a good writer and pay him or her a lousy rate, it won't take long for him or her to find another client who pays better. It's worth it to pay up for your writers. When you give them what they deserve, and you are fair to them, you have them for life. You will get a return on that investment by growing the right kind of audience for your financial blog.
