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Financing Medical Care

Financing Medical Care

When it comes to medical expenses there are a few ways that these expenses can be financed, but you will need to weigh up your options.


Financing Elective Care

Many people will choose to use a loan or a credit card to pay for elective dental care, weight loss surgery, eye surgery or fertility treatments.

There are some medical expense credit cards that people are able to apply online for and get approved almost immediately. This makes them attractive to those that do not want to wait for some medical care.

Understanding the Contracts

Medical financing does have some benefits, but many borrowers end up paying more in interest and late fees because they do not understand their contracts. This can really damage your credit score.

You will need to go through your contract carefully and ensure you understand any promotional terms, what you will be paying once the term has ended and other costs. If you do not understand anything then you need ask.

Getting the Best Deal

If you are considering paying for medical bills with financing then you need to know how you can get the best deal.

The first thing that you will need to do is research. It is not a good idea to go for the first deal you find. Rather spend your time doing research.

There are providers that will not accept medical credit cards and medical credit card issuers will not let you use your line of credit for chronic and acute care, emergency room visits or to finance any existing medical debt.

It might not be a good idea to apply for credit at your doctor’s office as the application process is often rushed.

As with any loans or credit cards, a medical credit card will have interest and fees that you will need to understand. If you do not pay on time then you may incur a late fee that is reported to the credit bureaus, which in turn will affect your credit score.

You could consider using a credit card that you already have especially if it has a low interest rate and you are able to get a higher credit limit. Banks and credit unions may offer better loan terms and credit card offers.

There are some procedures that take more than one doctor visit to complete. You should not allow your doctor to bill your credit card for services they have not yet been provided.


The Right Time To Apply For A Mortgage

The Right Time To Apply For A Mortgage

Every mortgage lender has a regular monthly business cycle, so when is it the right time to apply for a mortgage?


The loan application process should be started within the first few business days of the month. At this time of the month, lenders are hungry for new business. Loan officers and processors are willing to return your calls and will carefully review loan applications and terms.

The worst time to apply for a mortgage is in the last week of the month. This is because lenders will be busy closing loans in order to meet targets and compensation goals.

Applying at the beginning of the month will ensure you get that extra attention.

You can improve your experience with a lender with these helpful tips.

Get Organized

A lender will ask you for a lot of financial documents, so you should be ready for this. Get organized and have everything that you need at hand.

A Complete Application

It is a good idea to be prepared and ensure that you submit a complete set of documents with your application. This will speed up the process and your lender will be able to send your loan for underwriting straight away.

Detailed Information and Explanation

You should think about how your application will look to a risk underwriter. If there are any quirks in your financial history, you should explain these. These things may include gaps in employment or any credit pitfalls.

Expect Delays

Your rate lock should include a few buffer days. This is to ensure that you do not lose your rate due to delays that are out of your control.


Tips for Finding the Best Mortgage Lender

Tips for Finding the Best Mortgage Lender

One of the biggest financial purchases that you will make is buying a home and will use a mortgage to do so that can take years to pay off. You are able to save money by shopping around and comparing mortgage quotes.


You will obviously want the best deal so take a look at these tips to finding the best mortgage lender.

Your Credit Score

Your credit score will have the largest impact on the deal you will get. Mortgage lenders will prefer those that have a higher credit score as these borrowers show that they are able to make payments on time and are seen as trustworthy.

If you have a lower credit score then you will get a higher interest rate. If your credit score is poor then you may not even qualify for a mortgage.

You should first make sure that your credit reports are up to date and accurate, because errors are not uncommon and these can hurt your score.

You will then need to look at the debt you already owe and reduce this. Your debt accounts for about 30% of your credit score.

With a higher credit score you are in a better position to negotiate rates.

Compare Several Lenders

The best mortgages available can come from various mortgage lenders like a commercial bank, a mortgage company or a credit union.

You can do a simple search online to find the best mortgage rates. Ponce you have a number of quotes you will need to compare these in terms of costs and determine, which one makes the most financial sense.

Once you have your best mortgage quote, you can go to your mortgage lender and use your quote to get a better deal.

Using Referrals

One way to find the best mortgage lenders is to ask your family and friends if they are able to recommend anyone.

Ask them about there experience and if the mortgage lender was easy to deal with, responsible and trustworthy.

You can also ask your real estate agent and of they know any good lenders.

Research and Interview Mortgage Lenders

You should ask potential mortgage lenders about their experience and the qualifications they hold. You can even ask them for references.

It is also a good idea to do a background search on them before you sign anything. You can search for them on the Internet and try and find reviews, as this will give you a good idea of what other borrowers experienced.

Reading the Fine Print

The loan amount and the interest are not the only payments you will need to make, so you need to ask your mortgage lender about closing costs, transaction fees, loan origination fees and other such fees. If you are unsure about anything then ask the lender until you understand.

Read all of the fine print of the contracts so you know the terms, the fees and what is and what is not included and other such things.

medical bills

What To Do When You Can’t Pay Your Medical Bills

What To Do When You Can’t Pay Your Medical Bills

Medical bills can become expensive and you may find that you are not able to cover them. This leads you to being in debt and collection agencies can even be sent to recover the cost. If this happens it will affect your credit score quite badly.


If you get a medical bill that you are not able to afford then there are a few things that you should do.

Don’t Ignore It

A medical bill should not be ignored. As soon as the bill goes to collections you could lose some of your bargaining power and it can wreck your credit score.

Read the Details

When you receive a medical bill you should look over it carefully. If you need to ask for an itemized bill so you can see where the money is going.

Check the medical bill for any errors, double billing, wrong room rates and any medications that you didn’t receive.

These errors happen and will equal extra money tacked onto your bill.


You are able to negotiate with your medical provider especially when you do not have insurance. Patients that pay from their own pocket will usually have a higher rate then patients with insurance. However, you can ask for lower rates you just need to ask.

Speak to the Billing Department

Medical providers don’t want to have to get collections involved, which means they are willing to work with you. Doctors and hospitals generally have protocol in place so that payment plans can be set up. This allows patients to pay their bills without having to go through collections.

Speak to the billing department and tell them what you are able to afford each month and see how they can work with you.

Negotiate Again

If you are not able to avoid a medical bill going to collections then you should wait and then negotiate with the collections agency. You should tell the agency the amount that you can afford each month.

first time homebuyer

First Time Home Buyer Loans

First Time Home Buyer Loans

Home ownership is more accessible through the use of first time homebuyer loans. You do not need to use a special loan though for your first home purchase. There are restrictions with first time home buyer programs, so they will work for some and wont for others.home buyers

Programs will vary, but they are designed to offer financial assistance to qualified borrowers. This can come in the following ways:

  • Allowance for low down payment
  • Grants to help with a down payment, improvements and closing costs
  • Subsidized interest costs
  • Limits on fees
  • Loan forgiveness

Finding Loan Programs

In order to find a good program you will need to do quite a bit of research. You are able to search the web and include your location in your search.


First time homebuyer programs are aimed at those that have never owned a home. You may find that you will need to meet certain financial restrictions. However, first time homebuyer programs reserve benefits for people that have a low or moderate income. Your chances are then reduced if you earn too much or have substantial assets.

Loan Restrictions

You will unlikely be able to use a first time homebuyer loan to buy an expensive property in your area. You will find that you will be limited to less expensive properties.

You will need to live in the home as your primary residence. If you plan on renting the home out then you will need to look a different type of loan.

The home that you buy will also need to meet physical requirements. It will need to be in good condition and free of safety hazards.

The Pitfalls of First Time Home Buyer Loan

With a specialized loan there are some challenges. These include:

  • Price restrictions
  • If you sell too soon you may lose some benefits
  • You might have to pay recapture tax
  • You might be limited to a short list of loan types
  • If your home increases in value this might have to be shared with the program.

In light of these restrictions you might be better off looking for a different type of loan.


Cash Vs. Mortgage When you Buy a Home

You will always hear how bad it is to carry debt around, so it is logical to think that buying a home with cash or putting down as much cash as you can for your home so that you can avoid the massive debt that is associated with a mortgage.home

However, there is a lot you need to consider when you buy a home with cash or by getting the best home loan according to

Cash Cuts Costs

When you use for a home it will eliminate the need to pay interest on a loan and other closing costs. You will then not have to pay mortgage origination fees, appraisal fees or other fees that are charged.

Also paying cash can make your offer to purchase more attractive to sellers.

Paying cash for a home also means that there is flexibility in closing faster.

Also the cash buyer might be able to get the property for a lower price.

A cash buyer’s home is also not leveraged, which then means that a homeowner is able to sell more easily.

Mortgages also Make Sense

There are also benefits to getting finance, as your personal cash is not tied up in real estate.

Cash buyers need to be sure that they leave themselves plenty of liquidity. If the home needs repairs or renovations it might be hard to get a home equity mortgage later on as you cant be sure what your credit score will look like in the future, how much the home will worth or other factors that could influence mortgage approval.

Selling a home that was paid for with cash can also cause a problem if the owners stretched a lot financially to buy it. A cash buyer will need to ensure that they have enough cash reserves to put a deposit down on a new home.

There are also tax implications when you pay cash as mortgage interest payments are generally taxed deductible.

When you decide how to pay for real estate you need to choose the option that will give you more for your money. You also need to consider which will give you the greater return on your investment.

Make Fast Money Online and Avoid the Scammers

There are a lot of people out there who offer ways to make money fast, when in reality, they’re the only ones making any money off of their system, and usually off the poor folks who take them at face value and sign on for their cockamamie schemes.

When looking through the various opportunities out there, the scams sometimes look a lot like the real thing. Luckily, there are a few dead giveaways for those willing to look a little more closely. Here are a few things to look for in an online money-making opportunity that should help to determine the good from the bad.

The Business Model

The business model for any online money making opportunity needs to make sense from a logical standpoint. In short, the question of “who is the customer?” has to have a sound answer. There are a lot of business models where the only people spending any money are the supposed “entrepreneurs” who are just buying into a useless business and trying to sell it off to others as desperate as they are. The business model needs to have a clearly defined customer, or who’s buying it?

Realistic Goals and Expectations

If it was possible to become a millionaire with an hour of work a day, everyone would be a millionaire. A realistic money making goal is more like making a modest living at first, and making more money over time. Big promises go hand in hand with big lies. Nobody can deliver the moon, but everyone promises it. Something like affiliate marketing is more realistic: a blog might only earn the marketer pennies for the first few months, but will ultimately pay off much better if they stick with it. Still, seeing those first few pennies trickle in and prove that the system works can be a great source of encouragement, because once that income has been multiplied, it will result in much greater income over the coming months.

Straight Trading

For those who need ways to make money right now, today, there are a few options. There are content creation sites, for instance, where anyone who can write can earn a few bucks and get paid at the end of the week. There are auction sites where old junk from the attic can be sold to collectors. There are cash advance companies that lend money even to people with awful credit. When it comes to making fast money in the short term, it’s important to look for straight trades. Nobody’s making a mint in these situations, they’re just covering their bills and making ends meet, and there’s no shame in that. It can hold people over just fine while they pursue greater earning opportunities.

So now that “what to look for” has been covered, it’s time to look at what really goes on in the mind of an entrepreneur.

Making Money

The real difference between an entrepreneur and everyone else is that they have a mind for strategy on the field of commerce. Most people might dream of running their own bookstore or running a stationary store. They dream of running a business focused on their own personal hobbies and interests. An entrepreneur is only interested in running a successful business. That’s it. They’re not going to start a bookstore out of a sense of fun and adventure. If an entrepreneur starts a bookstore, it’s because they see a market for it, they see some real earning potential there.

Nobody has to be an entrepreneur just to start their own business, but unless the spirit of the business is one of competition and commerce, then it may be better to keep it low-risk. For instance, a one-man graphic design company has zero overhead, it’s just a way to make one’s freelance services feel a little more “legitimate” and bring in more clients.

However, for anyone who is mainly interested in the art of running a business, who simply wants to make a lot of money and command a piece of their chosen industry, the entrepreneur’s mindset is vital. Try it on for a week: look for money making opportunities that offer a real chance for turning a profit. They might not be the most fun and exciting means of making money online, but there are real opportunities for fast cash out there for those with a nose for profit.


Getting your easy money

Getting your easy money

Everyone in the world is constantly looking for ways to make money without having to put too much effort into it. If they are able to get away without putting a lot of work into this effort, then they have time to do other things that they would rather do. Given this common human desire, you are likely looking for the same thing. Therefore, you are going to want to consider the internet as your source for making money easily.

The internet provides opportunities to people who have all kinds of different skill sets. If you are really interested in business, then you can use the internet to start your own business. If creativity is more of your thing, then you might be able to get paid for writing, painting, creating music, or even just solving simple tasks. In any event, you are probably going to be happy to be able to sit at home and make money from your own home computer. This is just one of those things that everyone can enjoy for themselves.Getting started making money on the internet can happen in a matter of a few days in some cases. If you are not trying to set up your own online business and are instead looking for online work, then you are in better shape to be able to start making that easy money much sooner. You see, setting up the online business would actually take a lot more time and effort to be able to complete. However, looking for work online can sometimes have you making money within a matter of days.Most online jobs are going to require that you submit an application of some sort. The application type will differ from one site to the next, but it is not like this is something radical to ask of you. After all, most all traditional jobs would also require an application. There is no reason to assume that this kind of thing would not carry over to the online realm. Once you have completed the online application, then the website will typically get back to you in a matter of days. This is once again something that varies from one site to the next. It largely depends on the policies of the site and how many applications they are currently receiving. It might be wise to apply to a number of different websites in order to better your odds.Keep in mind that you can work for as many websites online as you wish. In almost all cases, the work that you do for any website will be on an agreement that allows you to work as much or as little as you like. Therefore, you do not have to make some huge commitment in order to get the jobs that you are looking for. In other words, you are basically making yourself your own boss. This is another huge benefit that people are looking for when they turn to this kind of job.Online jobs are probably some of the best easy ways to make money. After all, you don’t even have to bother to travel anywhere in order to do your job each and every day. That is one of the things that you can certainly enjoy. Aside from that, the work that you are doing is typically not all that taxing. After all, how can something be taxing if you are able to sit in a chair and do the work. We have certainly moved far from the days when people used to have to put in massive amounts of hard labor to get results.If you are interested in working online or making money online in other ways, then you should look up an easy way to make money online. The ideas provided in this article are just the tip of the iceberg. There are plenty of other suggestions provided by people who have worked online themselves. Look at as many of these opportunities as possible until you are able to find something that you desire to do for yourself using the skill sets that you have.