What is the difference between an equity home loan and an equity business loan?
Any equity loan is secured by assets that are owned by you. An equity home loan uses as equity that value of the property that is wholly owned by you to secure the loan. In the case of an equity business slogan, assets that have been acquired by the business for its functioning may be used as equity.
Why do equity loans come with lower rates of interest?
Equity loans are loans or a line of credit that is offered using your property as collateral security. Since such a loan is fully secured, it proves to be less risky for the lender. It is for this reason that banks and other financial companies can offer equity home and business loans for better loan tenure and at the lower rate of interest.
What kind of questions will a lender ask?
This depends on the lender, but according to the SBA, there are in fact some standard questions that one should be prepared for:
- The reasons for applying for a business loan?
- Which department or area of interest would the loan proceeds be applied on?
- Nature of capital expenses – buying assets or incurring substantial costs should be disclosed along with the supplier details
- What other debts relating to business does the business have and who are the creditors?
- A detailed profile of the Management personnel (team).
What kind of questions should the business be prepared for, when they meet the potential lender?
- The requirements of the potential lender must be asked in detail – especially the aspects relating to paper work. It is quite known that paper work takes away most of the time and it would be prudent to equip the business with it.
- Will the potential lender be prepared to address the business needs? Do they believe in the business
- How flexible are they regarding offering certain leverage on repayment terms, interest rates, prepayment penalty, etc.,
- The terms of the business loan by itself should be as clear as water with no ambiguities. Risks associated with the business loan should also be studied in detail.
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Advantages of cable TV bundles
Read moreCable TV bundling is the newest option that has swept the minds of most the people in the United States. They are the best among the offers provided by cable providers. This package allows you to enjoy two or three services such as cable TV, home phone, and internet complied into one single bundle. As the package is available from the least price to the costlier one, many houses are benefited with this service and makes it a convenient option.
Bundles are convenient to use:
Convenience is one of the major advantage that increases bundles’ ratings. This way you need not pay two to three bills separately for each provider which seems to be pretty expensive and your money goes a waste. A bundle package consolidates everything into one single bill along with which you might get discounts and concessions for by making use of more services from the same provider. Suppose if you are in need of all three services, it’s a smart move to purchase all the three from the same provider. This dealing will also give solution to service issues more straightforward. If you have a problem with the cable and the internet, you can contact one company to rectify the problem.A cost-effective option:
In order to attract customers to purchase bundles, cable providers offer more than one services often placing steep discounts on bundled packages. Suitably opting for an all-inclusive bundle may help you save considerable amount of money when compared with purchasing services from different providers. People who are looking for something like this should be aware that these providers are flexible to negotiate pricing on upper tier packages such bundles.Enhanced service options:
Even after in terms of reduced pricing, cable TV bundles routinely includes additional features and services like unlimited bandwidth on internet access that may be given free of charge or access to numerous high definition channels or programs could be seen without an expected raise of money. So, if you want to enjoy premium features without paying premium fees, bundled packages is your best bet.Availability of cable bundles:
Additional advantage is that cable TV bundles are available almost universally in all the cable companies. Which means that you have several options of bundled packages to choose from in different brands. eventually this will lead to an increase in competition creating even better pricing. -
Types of health insurance plans available
Read moreGetting a health insurance is undoubtedly a must have. When you are searching for the best health insurance quotes or scouting for popular health insurance plans, it is crucial to compare various policies. Here are some of the health insurance plans that are available in the country.
Health insurance plans fall under the following categories:
- Health Maintenance Organization (HMO)
An HMO plan requires you to avail of health care services only through a specified network of medical professionals, thus limiting greatly your choice of doctors. You would require a primary care physician to refer you to a specialist if necessary. - Preferred Provider Organization (PPO)
Under the PPO plan, the flexibility with regard to choice of medical professional is more. If you consult with a doctor who is not on the network, then your costs would be higher. - Exclusive Provider Organization (EPO)
Under an EPO plan, there would be no option of consulting a doctor who is out of the network, as such a physician’s costs will not be covered under the health insurance policy. However, you do not need a primary care physician’s referral. - Point of Service Plan
A Point of Service Plan covers the HMO and PPO plans giving you a moderate degree of flexibility with regard to choice of doctor. You would be assigned to the care of a primary care physician who could refer you to an in network practitioner in which case, costs would be covered. You could consult an out of network doctor but have to pay those costs out of pocket. - Catastrophic Plan
A catastrophic health insurance plan can be applied for if you are under the age of 30, which comes with a lower premium and requires a minimum of three visits to the primary physician before the deductibles will apply. - High Deductible Health Plan
The advantage of the Highly Deductible Health Plan with Health Savings Account is that you can put aside money at intervals into this account to pay for your health care needs so that when the policy does not cover your expense, you have this savings account to fall back upon.
- Health Maintenance Organization (HMO)