Key Insights to Keep in Mind For SBA loans below $50,000, lenders generally aren’t obligated to request collateral. The amount of collateral required depends on lenders’ standard policies for similar loans. Owners holding at least a 20% share must provide a personal guarantee as demanded by the SBA. When securing a small business loan, lenders …
When Age Meets Abode: Choosing Between Vintage and Contemporary Homes
Embarking on a house hunt means diving into a sea of listings and stepping through a mosaic of property styles — from gleaming new builds fresh off the blueprint to storied residences that have gracefully aged through the decades. Each type offers its own allure. If you’re caught in the crossfire of deciding between a …
Mastering the Art of Selling Your Virginia Home Solo—No Realtor Needed
The Freedom and Fuss of Going FSBO in Virginia Deciding to ditch the real estate agent when putting your Virginia home on the market? Good news: there’s no rulebook requiring you to hire one. Skipping an agent means escaping those hefty commission fees, but brace yourself—this path demands a hefty dose of elbow grease. You’re …
Top 5 High-Yield Bond Funds to Watch
For those willing to embrace a bit more credit risk, high-yield bonds can unlock the door to potentially more robust returns. In essence, these bonds hail from issuers carrying below-investment-grade credit scores as determined by heavyweights like Moody’s, Standard & Poor’s, and Fitch. When bond ratings dip under a certain benchmark, the bonds are classified …
Demystifying Fixed Annuities: Steady Income with a Twist
Understanding the Essence of a Fixed Annuity Retirement income security often leads folks to consider fixed annuities, prized mainly for their ability to deliver reliable payouts. Yet, it’s crucial to grasp not just their perks but also their limitations and to identify who stands to gain most from such financial instruments. How Does a Fixed …