Lately, homeowners have been turning to their equity for their liquidity needs. After all, most already have a very low fixed mortgage rate and don’t want to disrupt it in any way. If they were to go the cash out refinance route, they would lose their old low rate and end up with a much … Read more
Published on: June 14, 2024 Secured and unsecured loans are two broad categories of loans with one major difference: the need for collateral. For example, when purchasing your dream home, you might consider applying for a loan, but notice that the interest rates on home loans are significantly lower than on personal loans. Why then? … Read more
Published on: September 13, 2024 Financial institutions offer several credit solutions to businesses and individuals facing fluctuating cash flow or urgent expenses. Two commonly available options are cash credit and overdraft. Although both facilities allow you to borrow beyond your immediate resources, they serve different purposes and operate on different terms. Whether you need to … Read more