Self Employment and Finance

Today Im going to talk about money, I want to share with you some tips and information on self employment, loans and finance.

Loans

Many people take loans out when they need money fast, maybe if your putting a deposit down on a house or getting your car fixed. You just dont know when you might need a loan. For some people its literally to get by.

Unfortunately getting a loan has a lot of repercussions and can cause you problems if you don’t stick to the agreement. You must pay your monthly instalments and keep up to date with payments.

Associates Home Loans has such an easy application process

They offer a variety of secure and convenient application options:

 

  • Complete Secure 1003 Application
    • Formal Loan Application
  • Call 813-445-8694
    • An experienced team member will gladly take your application over the phone and assist you with any questions you may have.
  • Download Application 

Documents needed

  • Copies of pay stubs for each applicant, reflecting a minimum of 30 days of income
  • Names/addresses of employers for two years
  • W-2s for two years
  • One to two years of tax returns
  • A completed and signed Form 4506-T or 4506T-EZ, provided by your Mortgage Banker
  • Bank statements for two to three months
  • If self-employed, year-to-date profit and loss statement, plus signed returns for last two years
  • Proof of pension income, if applicable
  • Social Security and Disability payments, if applicable
  • Dividend earnings
  • Bonuses
  • Child support or alimony payments (optional for you to disclose)
  • A copy of earnest money deposit
  • Information on debts such as car loans, student loans and credit cards
  • Security accounts (stocks, bonds, life insurance)

You can speak directly with a mortgage advisor simply give them a call anytime or feel free to utilize any of the interactive tools offered throughout the site.

 

Private Lending

Private lending consists of individuals providing funding to borrowers with less than ideal credit or no income statements. Private lending is also called self-directed lending, non-traditional lending and peer-to-peer lending.

If you have bad credit, this is a really good option for you.

Private lending is great for investors because it eradicates intermediates such as banks, finance companies, investment managers and credit unions.

They secure the best possible funding sources based on your individual situation. The length of a loan from a private lender, however, is influenced by a combination of market conditions, complexity, planned exit strategies and scope.

 

Hard Money Loans

  • What are Hard Money Loans?

     A Hard Equity/Hard Money loan is a specific type of financing in which a borrower receives funds based mainly on the value/equity of the real estate. Loan applicants typically have bad credit or no credit history, do not meet conventional financing guidelines, are under time restraints to close a transaction, arrears on the existing mortgage or bankruptcy and foreclosure proceedings are occurring, or difficult or no income verification.
  • These loans are often used as a temporary loan until people can restore there credit to a better state or financial situation changes.

 

Self Employment Loans

You are a sole trader, you run your own business as an individual and are self employed, So you basically work for yourself, this can be very rewarding because you can work to your own means and in your own time. You are your own boss!
However this can also be very hard as you have to manage your own taxes, finance and accounts. You have to register yourself as self employed. Its your business, so if you don’t keep up with everything and work hard nobody else will.

Finances

Wouldn’t it be great if we could all have a financial advisor so we don’t have to worry about our own finances, yes of course it would. Unfortunately we don’t so we have to manage our own finances.

Finance generally involves an individual’s current financial position, Personal finance is based on someones earnings, living requirements, goals and individual desires.

For example, individuals need to save for retirement expenses which means investing enough money along the way to properly fund their long-term plans. This type of financial management decision falls under personal finance.

 

 

 

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This is a sponsored post by Diamond Bloggers. All reviews and opinions expressed in this post are based on my personal views.

 

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Hey Loves! My name is Melissa Jayne I am a beauty and lifestyle blogger. I blog about anything beauty and lifestyle related. I am also a beauty youtuber! Make sure to follow me and subscribe to my channel! xo

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8 thoughts on “Self Employment and Finance

  1. Great post I would like to thank you for the efforts you have made in writing this interesting and knowledgeable article.

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