There are many different reasons why short term finance may be required. The most popular reason is to purchase a home before your current home sells. This is a risk proposition, but for some that have an urgent need to move it is often the only option that exists. People in this situation apply for a loan with a short term finance company to pay for the new home and defer payments for a while. Of course, the lender will require some payment, but it is usually just the interest. After their current home sells, they switch the mortgage over to a traditional mortgage with a traditional company. Continue reading »
Oct 242011
There are a few no foreign transaction fee credit cards on the market today. If you do business overseas or travel there, it is obviously a good idea to get a credit card with no foreign transaction fees. Two of my cards do not have transaction fees to the countries I travel to, but the rest of them charge between 1-3% of the total! Continue reading »
Most rewards cards are either vendor specific or offer mileage on the airline of your choice. For me, I mostly travel United so I chose the credit card that offers me the most United mileage and bonuses when I use my United credit card to purchase United airline tickets. Due to my job, I’m constantly traveling and am always able to take my wife away for a long weekend using only miles. I usually stay at Marriott hotels so of course, I have the Chase Marriott card. This care also offers bonuses when you use it at Marriott brand hotels. For me, this is what makes the most sense. However, if I seldom traveled I would go a completely different route. Continue reading »