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Tag: Finance

Why don’t they Trust me!?

Why don’t they Trust me!?

Salespeople are the backbone of any business, but many consumers don’t trust them. The reasons for this are varied, but some common factors include: Pushy tactics: Many salespeople use aggressive tactics to try to make a sale, which can be off-putting to consumers. This includes tactics like high-pressure sales, bait-and-switch tactics, and making unrealistic promises. Lack of knowledge: Consumers often expect salespeople to be experts in their field, but many salespeople lack the necessary knowledge to answer complex questions or…

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What is an Assumable Mortgage?

What is an Assumable Mortgage?

An assumable mortgage is a type of home loan that allows a buyer to take over the existing mortgage of the seller. This means that the buyer agrees to assume the remaining balance of the seller’s mortgage, rather than taking out a new loan to purchase the property. Assumable mortgages were more common in the past, but they are still available today, although they are not as prevalent as they once were. The main advantage of an assumable mortgage is…

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How can I support my partner who’s in Sales?

How can I support my partner who’s in Sales?

Having a partner who works in sales can be challenging, as the industry is fast-paced, competitive, and demanding. However, with a little understanding and support, you can help your partner thrive in their career while maintaining a healthy relationship. Here are some tips on how to be a supportive partner to someone in sales: Understand their work scheduleSales can often require long hours, irregular schedules, and frequent travel. Try to be understanding of your partner’s work demands and be flexible…

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I’m drowning in Debt and I don’t know what to do.

I’m drowning in Debt and I don’t know what to do.

Getting out of debt can be a challenging task, but it is achievable with a plan and determination. Here are some steps you can take to get out of debt: Remember, getting out of debt is a journey, not a quick fix. Stay focused and committed to your plan, and celebrate each milestone along the way. With patience and perseverance, you can become debt-free.

Should we have a joint Bank Account?

Should we have a joint Bank Account?

Sharing finances is an important aspect of any serious relationship, and many couples consider opening a joint bank account. While it can simplify finances and strengthen trust, there are potential downsides to consider before making the decision. First, a joint account can provide a clear view of shared financial goals and help couples create a budget together. It can also make managing bills and household expenses easier, and prevent misunderstandings about who is responsible for which payments. However, there are…

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Loan Level Price Adjustments- What role do they play in my home loan application?

Loan Level Price Adjustments- What role do they play in my home loan application?

When applying for a mortgage, it’s important to understand the various fees and costs associated with the loan. One of these fees is the Loan Level Price Adjustment (LLPA), which is a fee charged by lenders to adjust the interest rate of a mortgage based on the borrower’s credit score, loan-to-value ratio, and other risk factors. While LLPA may seem like a small detail in the grand scheme of applying for a mortgage, it can have a significant impact on…

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New Jersey Anchor Program- Deadline Approaching!

New Jersey Anchor Program- Deadline Approaching!

The NJ Anchor program is a state-run initiative that offers a range of benefits to homeowners and renters in New Jersey. This program is designed to provide financial assistance, counseling, and other resources to eligible individuals and families, with the aim of helping them achieve and maintain housing stability. Here are some of the benefits of the NJ Anchor program: Financial Assistance: One of the primary benefits of the NJ Anchor program is the financial assistance it provides. Eligible homeowners…

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