Category: Personal Loans
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Ask Geri: True Cost of Borrowing (Part 2): Diminishing Balance Amortization
Not all loan providers offer this option. But from time to time I encounter this option especially for mortgage / home loans. If Juan is presented such an option and s/he can afford the amortization using diminishing balance, s/he should go for it to save some more on interest payments.
The True Cost of Borrowing We Don’t Care Much About
Ask Geri: Should I Take Out a Loan to Finance a New Business Venture?
In funding major expenses such as a home improvement or getting car, tendency is to take out a loan rather than deplete Juan’s savings. No monetary return (i.e. actual cash inflow) is expected from a much improved home or new car (except for appreciation in property value and net worth) but Juan is still willing to get a loan as long as he can pay for the amortizations. What more a business wherein there is a chance, no matter how small, of a monetary return.
Get a Home Loan Soon(er); Loan-to-Value (LTV) and Interest Considerations
Loan Solutions to Help Keep Your Business Afloat During Rough Times
Not all businesses can operate with good cash flow at all times. In fact every business would experience some problems with their cash flow at some point in time. Although it can get quite challenging, cash flow problems are part and parcel of every business. Business owners just need to make sure that they find solutions to bring in cash to continue the operations.
Ask Geri: I Have Extra Cash To Invest: Car or Condo?
Where to Put My Christmas Bonus? v2
Fully or partially pre-term your loans. I know this sounds so killjoy but hey, delay of gratification is always gratifying. And think about this. Imagine the interest savings you can get by pre-terminating your loans. Or the freed up money that used to be spent on amortizations.
