I am going to be coming into some money that I do not need immediately and I mostly want to invest it in something safe and perhaps trying to limit my tax liability. My great grandmother was relatively wealthy and she just died at the age of 93 after a long and happy life. My share of her estate is going to be something substantial, but not really a fortune. It is going to be split up 8 ways after all. I have been thinking about whether or not buying gold is going to be the great idea it was over the past decade or so. My best idea after that is buying real estate, which of course requires a bit more skill. It is probably better for a tax haven I suppose, but I have not really done a lot of research on that aspect of it. Of course it is really to believe that gold can continue to go up much higher. Continue reading
In the loan market in the United States there are a variety of types of credit, with alternatives designed to meet the different needs of the population. Below we provide a brief review of the most important lines and know their characteristics
Usually when it comes to loans there is a distinction between two major types of credit: personal loans and housing loans. However, there are different lines available designed to cover various needs of the population.
One of the most preferred types of credit is the consumer loan: a loan is designed primarily for consumer financing of a permanent nature, such as appliances, furniture and even cars in some cases.
The consumer loan is a type of credit that is characterized by providing limited amounts, minors who grant loans for mortgage or auto loans, and the normal time limits do not exceed 24 months.
This type of credit is used primarily to meet specific needs, with relatively small amounts. They are very similar to consumer loans, although in this case are rather old finance oriented, weddings and other intangible or perishable.
This type of credit is widely used in the United States and there are countless options such loans. This is ultimately a loan intended for students who wish to fund expenses associated with their studies, as college tuition and fees, among others.
In this type of credit find many alternatives, since we can mention not only mortgage loans, designed to finance the purchase of a home, but home loans or second mortgage, allowing access to a sum of money using the property as collateral.
Through a bank loan may carry out a number of projects: from the purchase of appliances and household items, to home repairs and renovations, to obtain the necessary funds to start a company or business
A bank loan is, as its name suggests, a loan from a bank. The operation is relatively simple: an entity grants a customer a certain amount of money and agrees to return it in a stipulated time, usually through monthly installments. In addition to returning the requested amount the customer pays extra fees, such as interest rate and other costs associated with the loan.
Types of bank loan
There are numerous types of bank credit and different classifications. We can thus distinguish, for example, between loans to individuals and loans to companies, two large groups of customers of banks.
Usually bank lending options to people include personal loans and / or consumption, vehicle loans, mortgage loans and real estate loans. Exist within each of these different lines specific products and services as needed.
Bank credit options for businesses are designed to finance the start-up of businesses or companies, as well as provide funds to cover specific costs in the industry, including the purchase of raw materials, machinery and financing imports and exports.
Features of bank loans
There are several differences between a bank loan and a loan from private lenders or credit unions. Typically the loans granted by banks have more stringent requirements and conditions as other entities (except loans nonprofit cooperatives, among others), while offering a wider range of opportunities.
To apply for a bank loan is necessary to have certain documentation and meet certain requirements. The vast majority of banks require, for example, a good credit history to authorize a loan application. Those who do not have a credit history secured loans, a good alternative to start building a positive credit standing.