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It is a shame that most countries’ education systems do not include financial literacy as part of their curriculum, because it is a very useful set of principles that will benefit people regardless of their age, gender, and social status. And it is not even that hard – you can start simple: with budgeting. And you can start with budgeting by just plunging right in.
With every new day, our small financial decisions forge the way we live. That’s the reason why everyone needs to know the importance of financial literacy and personal finance. Both these terms go hand in hand and it is not possible to follow one without the other.
It is important that you start with opening a bank account. This will open different paths for your finances to grow. Personal finance starts right after the opening of a bank account. Once you have gone through the basics of budgeting, it’s time to step things up and dig deep into the world of financial literacy and personal finance.
When it comes to commercial property investment, you will probably require financial assistance. This is where you need the help of commercial mortgage brokers. It is important to understand your prospective lenders’ term of loan approval and underwriting criteria. Don’t put a commercial property deal under contract until you check and double check the loan terms. Can you imagine putting an apartment building under contract only to find out that you don’t qualify for a loan? You obviously don’t want such surprises when you’re doing a deal. That is why it is important to understand the loan terms and how the underwriting will be done. The lender will have to assess the project risks, identify your risk mitigation plan, and determine the terms of the loan. Get in touch with commercial mortgage brokers or lenders prior to making offers on deals for you to understand the underwriting criteria of your lender. Here are ten important question to ask your commercial mortgage broker during your interview.
The year 2008 market a crisis fir the US economy as its housing market had collapsed. This economic collapse made everyone familiar with the secondary mortgage market. It was concealed and the general has no idea it existed and when brought upfront made people realize that it was the most important for them, especially, crucial to the mortgage lenders, secondary market participants and appraisers. Then all of a sudden, with the well-publicized issues surrounding the housing collapse of 2008, Fannie Mae and Freddie Mac and some of their larger clients and the big lenders became household names. Read on to learn about the history of Fannie Mae and what it means for appraisers.