George Campolo, Award Winning Associate Real Estate Broker, Shares 4 Serious Financial Mistakes That Can Stall the Home-Buying Process

George Campolo, Award Winning Associate Real Estate Broker, Shares 4 Serious Financial Mistakes That Can Stall the Home-Buying ProcessSo, you’ve found your dream home at a great price. You’ve lined up your mortgage with a pre-approval, and it looks like your home-buying journey is nearly over. However, it’s a mistake to think you’re in the clear.

Until the purchase is completed and all the documents are exchanged, it’s still possible for plenty to go wrong. Some of the risks are out of your control, but here are four financial mistakes that George Campolo, a winner of the 2016 & 2017 RE/MAX NY Region Executive Club Award, suggests you avoid if you want your new home purchase to go without a hitch.

1) Applying for Credit

From the time you apply for your mortgage, until it is paid out to the seller and the closing is over, DO NOT apply for any new sources of credit. Getting a new credit card or buying a car could potentially change your credit score enough to disqualify you from your mortgage approval.

At best it could cause delays while your application is reevaluated, at worst, NO loan, NO new house.  Remember, a mortgage pre-approval is only an offer in principle. It’s not a cast-iron guarantee that you’ll receive the loan no matter what else happens along the way. The lender will run your credit in the beginning of the process to issue your preapproval, but did you know that the lender will run your credit again a day or two before you close?  ANY change could blow up your purchase. That includes CO-SIGNING a loan for a friend or relative. DON’T do it! You can do whatever you want AFTER the closing when you have the keys in your hand, but NOT in between the application and the closing. You can wait for that new car another 90 days if you have to.

2) Cleaning Up Your Finances

It’s not just applying for new credit lines that can disrupt your credit rating. You might see moving as an ideal opportunity to tidy up your finances by closing old accounts that you no longer use.

While this sounds sensible in theory, it can actually lower your credit score significantly. Closing accounts could put your credit utilization over the level your mortgage lender is comfortable with. Once you’ve gained your pre-approval, hold tight on altering any aspect of your credit situation to avoid unforeseen consequences. A good loan originator can look at your credit profile and advise you as to what and what NOT to do.

3) Changing Jobs

Similarly, changing jobs during the buying process can create enough uncertainty to worry your mortgage lender and have them reject your loan application. Lenders like to see lengthy, continuous employment, preferably with the same company. There’s always a chance a new job won’t work out, leaving you unemployed and unable to pay your mortgage. It’s worst when you change jobs AND your field of employment. A promotion within the same company or even a switch from say one law firm to another might …

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An Overview of Financiers of Hard Money

When looking to invest in real estate, you will often need to finance the properties that you are looking to acquire. Fortunately for investors, there are many lending options that they can choose from. One of the financing options available to investors is hard money loans. There are loans that provide investors with a way to borrow money without using traditional mortgage lenders. Hard money loans are usually funded by an investor or a group of investors. With hard money lenders, investors who are looking for immediate financing that they can pay off quickly will benefit from most when looking to invest in real estate.

An Overview of Financiers of Hard Money

Terms

Like all other types of real estate financing, there are terms that come with hard money loans. Whenever you are looking to get a hard money loan, it will be important to consider the fact that these are short term loans. This means that you will likely be expected to pay back the loan within six months. In most cases, you will want to use a hard money loan when you are looking to buy a property and then sell it within 30 days. As a result, you will be in position to pay it off in a timelier manner.

Interest Rate

One of the most important things that you will need to consider when seeking a hard money loan is the interest rate. Hard money loans are usually offered with double digit interest rates. As a result, you will likely be paying more per month compared to a more traditional loan. Since the interest rate is quite high, these loans are ideal for situations where you are not looking to keep a property for very long.

Advantages

With hard money loans, there are several advantages that will benefit investors. A hard money loan will provide you with immediate financing. If you are looking to get funding for a property within a matter of days, a hard money loan will be an ideal option for you. Another advantage of hard money loan is that you can get approval more easily compared to traditional mortgage lenders. A hard money loan can also offer you flexibility as you will be able to negotiate payment plans on a regular basis. With these advantages, hard money loans are a good option for investors who need capital for short term projects.

Disadvantages

As well as having advantages, hard money loans also have disadvantages too. With a hard money loan, you will likely be paying an interest rate that is much higher than conventional mortgages. Another disadvantage with hard money loans is that you will usually need to pledge collateral for the loan. This means that you may need to put one of your assets up for seizure in case you cannot pay the loan back.

Financing real estate is often a necessity for anyone looking to buy or invest in it. Since, you will need to get financing, it will be important to find an option that …

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Some Of The Characteristics That Define Venture Capital Stages of financing in india

venture financing roundsObtaining venture capital financing for your start off-up is in no way simple and it really is much, significantly tougher if you’re a female entrepreneur. Lending (Consumer): New approaches for businesses to raise debt financing. Contains modest organization loan underwriting, provision of working capital, peer-to-peer lending platforms, asset-primarily based lines of credit (i.e. borrow against unpaid invoices), and micro-financing. Also, involves businesses that give massive data danger analytics and organization credit information.

Venture Capitalists make loans to young organizations and in return obtain quite higher returns on their investments. Rates on average are about 20% but can attain 30%, even 50%. The distinction between banks and venture capitalists is VCs routinely take equity positions as nicely. This means alternatively of paying money in the type of interest and principle, 1 can give a portion of their or other owner’s interest in the firm in exchange for the venture capitalists backing.

The operations of banks in Nigeria are not even assisting matters. They prefer financing trading activities more than the actual sector of the economy. There reason for this extensively condemned practice is that the trading companies promise much better and quicker. The federal government of Nigeria in 2006 mandated banks to let go particular % of their net profit especially to finance the small and medium-scale enterprise (SME ). Exactly where all the contributions made by the banks went to can’t be explained by most Nigerians.

Venture Capital Financing In India Juudge stages of venture capital financing

venture capitalist and angel investorAccording to Pricewaterhouse Coopers, investment by institutional venture capitalists in startups grew from less than $three. billion at the starting of the 1990’s to over $106 billion in 2000. One corporate investor invested $three million in a young medical instrument firm but then imposed onerous specifications that necessitated a full redesign of their instrument before they would distribute it, and further needed that they employ top quality manage engineers, and so forth. This delayed introduction of the Company’s instrument by much more than two years, and the delay consumed all of the invested capital. The firm lastly introduced the instrument into the market, but by then the corporate investor had tired of the adventure and literally walked away from their investment. For the subsequent handful of years the Company struggled, going through added fundraising, management turmoil, etc. Whilst the temptation to accept capital, experience, advertising and distribution sources of a massive in-location sales organization is wonderful, there can be a downside.

Starting a chicken farm you need to decide if you use the totally free range or caged program, the subsequent step is to map out a viable organization plan which need to be attainable. The organization plan need to contain operational costs, sector of chicken farming you want to do, financing either by self, and bankers in terms of loans or credit.

This stage is also recognized as a bridge finance stage. It is the last round of financing prior to exit. The Ventures at this …

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Venture, Berner, Playcraft Brandstop venture capital

process and methods of venture capital financing pptYour mother usually warned, “Do not put all your eggs in one basket” and these words of wisdom can be applied when financing a enterprise. For organizations in which technologies is a essential element of the story, describe it in your plan and how you program to stay present or ahead of the rest of the market. Even so be sensitive to the reality that a confidentiality agreement may possibly not have been executed by the reader of your Executive Summary. Venture capitalists could be reluctant to sign a confidentiality agreement unless it is their own. They are unlikely to divulge what they discover from you as it could affect their reputation within the financial neighborhood. Individual investors are much less careful and want to be cautioned as nicely as needed to sign a confidentiality agreement. Corporate investors may possibly resist signing one, but eventually may agree to sign yours if you sign theirs. Be cautious what you reveal to a corporate investor as they can afford to mount a defense and can outlast you long soon after you’ve exhausted your funds in litigation.

Established: Categories with low typical funding and high typical age. These categories are comprised of organizations that have reached maturity with less financing. Expansion of Business: Venture capital offers massive funding that a organization requirements to expand its enterprise. It has the ability for business expansion that would not be achievable via bank loans or other techniques.

That fits with the Venture Intelligence data, which cites two of the 3 deals in the three months to September as involving investments of $20 million or much less. The values of the third deal was not publicly disclosed. Usually an early investor will insist that they be given a board seat. While they might have invested $250,000, which was very crucial to the business at a time, their presence could dampen the interest of a venture fund that is taking into consideration a $2.5 or $5 million investment.

The State Of Financial Technology In Six Visuals Venture Scanner Insights venture financing define

Venture Capital FinancingHere we present you a couple of of the aspects that set venture capital aside from other sorts of financing. With a history of slow development in the venture capital sector of Brazil, the concentrate is now on the future. In the past, regulations and higher inflations have produced the venture capital market place there unappealing to outdoors investors, but slowly that is all changing and advancement is happening. With the upcoming hosting of the 2014 Globe Cup and the 2016 Summer time Olympics, improvement is rampant throughout Brazil and opportunities for investors to get involved will grow exponentially. There may possibly be a couple of challenges to overcome, but the potential for achievement is high and the environment gets riper every year. Venture capital firms are continuously hunting for international opportunities for investment and with a current influx of young firms and a steady, growing economy, …

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Why Buy Platinum Bullion

Investing in precious metals has proved a rewarding way to maximise the potential of savings. Like other investments prices of precious metals can go down as well as up.

Why Buy Platinum Bullion

Availability

Like silver and gold, platinum has to be mined from the earth. There is less platinum out there to be mined than there is gold and silver. This makes it harder to find and extract, pushing the price of platinum up. Historically platinum has sat at the top of the tree of precious metals. Rings using platinum for settings have been more expensive than gold, it has industrial uses (for example in catalytic converters in motor vehicles) and we still rate platinum credit cards above gold.

Unfortunately platinum’s price has not remained as high as one would expect.

Rumour and speculation can affect the price of platinum and one that circulated recently was that the Chinese were going to mine asteroids for platinum! It’s easy to see that such a scheme isn’t going to come to fruition any time soon …

Supply and demand

Platinum has a range of industrial applications and this is one factor that has helped keep prices high. When demand for platinum in such applications falls, so does the price. The price of platinum is therefore directly linked to the ups and downs of the global economy. Just as demand can fall, it can also rise again, which is a clear indicator of the need for potential investors to keep a close watch on movement within the market.

Those who talk about a surplus of platinum will need to catch up on latest predictions for 2018. The World Platinum Investment Council has stated that production was up, and demand down in 2017 but production is set to fall during 2018 during which demand is likely to rise. This perfectly illustrates the ways in which the market and production are linked and can affect prices.

The jewellery market

A reflection of the way in which platinum is viewed is its use and prevalence within the jewellery market. This also rises and falls, but growth is predicted in platinum’s use in jewellery for 2018.

Summary

Platinum has become cheaper than gold and palladium. The fact that prices have dropped in recent years make it a cheaper investment which may well see a rise in emand and value, making it a potentially renewed good prospect for investment. For advice consult a company such as  Indigo Precious Metals .

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