Download App 
Balance transfer of a credit card is when you move the outstanding debt on one credit card to another card, usually a new one.This is normally used when one wants to move the amount owed to a new credit card which provides lower interest rate, fewer penalties, and superior benefits, than the current used card. …
The default risk on a financial obligation which arises when a borrower fails to make the required payments is called Credit Risk. It is the possibility of a loss to repay a loan or meet the contractual obligations. A lender may not receive the owed principal and interest, which results in an interruption of cash …
In layman terms, tax refund is the disparity between the taxes paid and taxes owed to you. A tax refund is furnished to the taxpayer when the tax liability is less than the taxes paid. As per the Income Tax and other Direct Tax laws, a refund occurs when taxes paid are higher than your …
Personal loan is also the most opted as it is an unsecured loan. There is no need for any collateral, or security for taking personal loan. There is very less risk factor involved in personal loan in comparison to other types of loan which requires collateral security. This open-ended loan can be used for pretty …
Introduction to Escrow Service Escrow is a process where a buyer puts money into the custody of a trusted third party with a guarantee that funds are available for payment to the seller once the specified set of conditions has been met. Escrow occurs between the time a seller accepts the offer and the buyer …
Let us begin with this basic question – Are you ready to buy a house? Then ask yourself another question – What can I afford? Though answering that may not be so easy, let us see how to really analyse what “affordability” means. You’re Debt-To-Income Ratio The most obvious decision involves money. If you have …
What is a contract? Contracts and agreements are important for any size of business. Earlier, there were few written business contracts, and often the business and personal deals were done verbally with a handshake. In case of any dispute, the two parties could take the issue to court, even if the contract was not put …
What is Earnest Money Earnest money is a deposit made to a seller, as a buyer’s affirmation in good faith to buy a home. This is done for the buyer to get extra time to get financing and conduct the title search, property appraisal and inspections before closing. Usually, earnest money is handed down when …