July 27th, 2007

When Do You Need a Residential Bridge Mortgage Loan?

Posted in Finance, Lending, Loans, Real Estate by jkwent

This situation happens many times everyday somewhere across the country. A person is out driving around and sees an open house. The person, a homeowner already, decides to take a look at the open house just for fun.

He or she walks into the house and immediately falls in love with it. It is his or her dream home.

The person decides to make an offer on the house. The problem is it’s going to take some time because this person’s existing home isn’t even on the market yet. What can be done?

This is where a residential bridge mortgage loan comes into play. A bridge loan will allow the person to use the equity in his or her exisiting home to make the downpayment on the new home.

Bridge loans are not right for everyone. You may be better off with a home equity loan that can serve the same purpose.

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July 12th, 2007

Project Payday

Posted in Finance, General, Helpful Info, Misc by info@oneworldinternetcafe.com

“Project Payday” is not the name of this money making system - it is simply an eBook that outlines the system.

This system is more accurately described as “Making Money with Incentivized Freebie Websites” or just “Freebie Websites”.

The people behind “Project Payday” were smart enough to zero in on one of the few “real” opportunities to make money on the net. I say “real” as in the sense that this system is really just a job and you will get paid if you do the work. At first I promoted the eBook but after sober second thoughts, I came to believe that they were profiting ($35.00 per person) for selling little more than a few instructions and a few links. Don’t get me wrong - the info and links are quite true and valid - it’s just that you can get all the info for free simply by joining one of the forums involved. (I have explained the system in previous posts on this Blog - Check the Project Payday Labels below this post)

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July 5th, 2007

You Can Find Financing For Your Customized T Shirts Business, But Not THIS Way!

Posted in Bankruptcy, Debt, Finance by zoogie

Finding financing for your business enterprise is always a challenging task. But don’t do like my friend Dave, who has a startup customized T shirts business. He decided that when he needed finances for his business, he would simply run up a tab on his credit card. When you charge business expenses to your credit card, you are in effect borrowing (in at least some cases) over 20% interest! Just about ANY type of commercial loan rate would be better than that! So, don’t put your expenses on your credit card - it’s a sure ticket to disaster!

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July 2nd, 2007

To Teach Proper Financial Planning, You Must Begin In Childhood

Posted in Financial, Helpful Info by zoogie

If you want to teach your kids about financial planning and the proper use of money, you must begin when they are little. The best way to begin is to give them a small weekly allowance, and then help them decide what to do with this money: spend it or save it. By starting early you will have a chance to instill these vital principles of living before they start being ‘bombarded’ with the world’s consumer mentality.

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