Rafael Lucas

How The New Settlement Statement Increases Mortgage Transparency

When a home sale is closed, the buyer and seller both need a final statement summarizing the financial aspects of the transaction. Fortunately, a uniform disclosure statement is required when the transaction involves a federally regulated mortgage. Up until 2015, the HUD-1 Settlement Statement was the standard closing statement. A replacement form is now in use, providing information in a more transparent manner. The newer statement is used for mortgage applications submitted on or after October 3, 2015. Read More 

3 Things To Consider When Taking Out A Personal Loan

Personal loans are something that many find themselves seeking out at some point or another. Personal loans are unsecured loans that are paid back in monthly installments over a designated amount of time. Many take out these loans in order to consolidate and pay off other types of debts, to pay for unexpected expenses such as medical emergencies, or for some other goal such as starting a business or moving across the country. Read More 

Tips For Managing The Costs Of A Major Home Renovation

One of the best ways of creating a living space that perfectly suits both your tastes and needs will be to undertake a renovation of your home's interior. However, these projects can be extremely expensive, and this is particularly true if you are wanting to do a whole-house renovation. To help you manage the financial aspects of renovating your property, there are several strategies and tips that you will want to use when making financial decisions about your renovation, such as: Read More 

2 Things To Consider When Looking For The Best Possible Mortgage

Trying to find the best possible mortgage for your next home purchase can often be a very tricky prospect, mostly due to the many different types of loans that are out there and the sheer number of lenders that are going to be competing for your business. However, there are a few things that you can do that can help you find the best possible mortgage for you, such as the two listed below: Read More 

Concerns You May Have About Using A Pawn Shop

Whether you are needing to quickly raise money or you are simply wanting to easily get rid of items that you no longer need to use, pawn shops can be an invaluable service. Yet, you will want to be sure that you are prepared for your experience with using a pawn shop, and this will require you to have a fairly strong understanding about these services. What Documents Will You Need To Pawn Something? Read More