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Personal Loans
General Loan Advice:
-Personal Loan Tips
-How Much Should I Borrow?
-How Long Should I Borrow for?
-Personal Loan Calculator
-Line of Credit vs. Lump Sum
-Being a Loan Co-signer
-Benefits of Secured Loans
-Types of Loans to Avoid
-Unsecured
Loan Info
Business Loan Info
Special Purpose Loans
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-Managing Money
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HOW MUCH SHOULD I BORROW?
Believe it or not, you can save money by borrowing
more! How? All lenders tend to charge higher interest
rates for smaller loans. If you are a financial
responsible person and can resist the temptation of
spending the extra money, apply for more! Not only can
you save money in interest by borrowing more than you
need, you can take the extra money and
invest
for retirement via a high
interest CD or bank account to help pay for your
unsecured loan!
If borrowing more than you need scares you then we
suggest you follow the suggestions below.
The first thing you should do to help determine how much
you should borrow is to draw up a
budget of all of your
expenses and determine how much you can afford as a
monthly payment.
If you are looking to
apply for a vacation loan, don't
forget to factor in all variables like trip insurance,
car rentals, sight-seeing, and spending money. Learn how
you
save money while on vacation.
If the purpose of your loan is for making home
improvements, you need to take into consideration
unanticipated issues that arise while doing construction.
For example, you need to consider that materials will
cost more than expected, and/or you will need more
materials than initially anticipated. Often, construction
jobs result in the discovery of more things that need to
be fixed. Homeowners should consider the secured
home improvement loans we offer.
Apply now for a personal loan!
Credit tip:
When buying a new home, you must
calculate the cost of homeownership when determining
how much you can afford as a mortgage payment.
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