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Choosing a Bank for Your Business

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Best Bank:  Banks come in many shapes and sizes - services and specialties. As in any professional relationship, the success of an association first requires thoughtful inquiry and research. Banks can provide business owners with a level of support and guidance but the connection must be a good fit from the start. For example, one makes careful choices about physicians, real estate agents or lawyers. That same attention should be paid when seeking out a bank to handle your business needs. Prior to selecting a banker, it's important to evaluate the goals and objectives of the financial relationship. An en...

Bank Expert on December 25, 2009 0

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Mortgage Loan Underwriting

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Mortgage & Refinance:  he entire financial condition of the applicant is reviewed during the mortgage loan underwriting process. The applicant provides the lender with the documents that support his credibility and the mortgage loan underwriter, on behalf of the lender, analyzes the prospect of the applicant in being a suitable risk. The process may take any time duration ranging between a few hours to a few weeks. Though the processes like electronic underwriting and credit scoring are available to ease the underwriting process, the final decision lies in the hands of the mortgage loan underwriter. All so...

Bank Expert on December 17, 2009 0

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Extra Cash to Stash in a Savings Account or Certificate of Deposit

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CDs & Investments:  Though there has been a lot of good news being release recently indicating that we might be starting a recovery, we might have a little more rough spots before the good times are back. The stock market is rallying, housing construction and sales are starting to bottom out and big companies like Citigroup and Wells Fargo reporting better than expected profits, but whether you like it or not, there are still indications that the recession isn't over. For one, the unemployment rate continues to increase, big companies continue to lay off workers by the thousands. Recently, Goodyear Tire & Rub...

Bank Expert on December 2, 2009 0

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Checks and Personal Checks

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Checking & Savings:  Banks and banking establishments have used checks since at least the 1500s, when Dutch “cashiers” accepted written notes from those who had entrusted them with their money (known then, and now, as “depositers”) for some or all of the money that the “cashiers” were holding. That practice is still in use today. Despite the efforts of some organizations, companies, businesses, and others to move us towards a “paperless” society, many people still prefer to use printed checks to conduct financial transactions. Printed checks remain a very convenient, secure banking practice. Usin...

Bank Expert on December 1, 2009 0

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How to Get Your Bank to Pay You

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Bank Insider:  It seems like these days, everything you hear about banks involves their greed and mistakes. In these difficult economic times, every penny counts. Everyone could use a few extra dollars in their pockets. Believe it or not, your bank can be a source of additional cash. There are a few different ways to “get your bank to pay you.” Some of the most popular methods for saving money at the bank are detailed below. For maximum savings, employ more than one of the recommended strategies. Sign-up Bonuses and Bank Incentives The absolute best time to get paid by your bank ...

Bank Expert on November 25, 2009 0

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Home, the mother of all tax shelters

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Mortgage & Refinance:  You've heard me talk about how owning a home is the world's greatest tax shelter. You can deduct mortgage interest and property taxes. And almost always, you can keep the gains when you sell your home. In the past few years, Congress and the Internal Revenue Service have made your home into a potentially even greater tax shelter than it has ever been, especially if you use your home for your business. How long these breaks will stay in place is a question mark. Many experts say they believe the tax breaks that Congress gave homeowners were big reasons home prices shot up so much in many mark...

Bank Expert on November 17, 2009 0

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Small Business and Bankruptcy

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Best Bank:  Suppose you have problems with your business, how determine if filing bankruptcy will be the right choice in your situation? Depending on type of your business –corporation, partnership or proprietorship there are different solutions. Limited liability companies, partnerships and corporations are legal entities separate from their partners or shareholders. In their own right they can file Chapter 11 or Chapter 7. Proprietorships can't file bankruptcy alone. They must file bankruptcy because the liabilities and the assets are really just one form of assets...

Bank Expert on September 14, 2009 0

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Let Lenders Compete for Your Business

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Mortgage & Refinance:  Your financial future depends on selecting a mortgage for your home. For many years you assume this obligation, so a small difference in any part of the negotiation can greatly change your monthly payments. Don’t be afraid to negotiate, because it’s your business and mortgage lenders want it. Do your homework and shop around for the best deal. If you want to have the best position in this business – learn more about it. Fight for your money, because even a quarter point better interest rate obtained will help you to save hundreds or even thousand dollars in the long terms. Ob...

Bank Expert on August 11, 2009 0

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