Barney the Owl Helps You Save Big
They’re hard to get, and hard to live without. While we would love to have a constant cash flow, most of us need help from financial institutions in order to cover the cost of buying a home, going to college, starting a business, and other large purchases.
We call homes, education, and businesses investments, because we expect that while we might be taking out a large loan to cover the initial costs, in the long run they will pay for themselves. While buying a home is a great investment, getting approved for a mortgage isn’t always easy. There are multiple steps involved, and all of your finances will be under review. Refinancing a home can be just as difficult. Homeowners typically refinance a mortgage or home loan in order to pay for home repairs or remodels.
Student loans are also difficult to come by these days. Before the recession there were several major banks and institutions providing students with the funding they needed to go to school. When the economy took a dive in ’08, banks began to exit the student loan game. This has caused interest rates to increase, and available funding to decrease. Some students are even taking time off from school, while they wait to qualify for funding.
Personal loans are easier to qualify for, due in part to the fact that you do not need collateral to qualify, and the amounts are smaller ranging from $5,000 to $10,000. Some lenders provide higher funding. Many Americans have begun using personal loans to consolidate smaller debts. Since multiple banks have exited the student loan industry, there are few options for students who want to consolidate debt. A personal loan can be helpful in these situations. Others use personal loans to cover emergency expenses, pay off healthcare costs, and other similar expenses.
At The Compare Site we provide valuable information on a variety of loan types. Whether you are looking to take out a mortgage as a first time home owner or apply for a personal loan, Barney the Owl can help you compare rates from today’s top lenders.