Hey! Today, let’s talk about the 4 C’s of home loans, the factors that lenders consider before making a home loan.
The 4 C’s of loan and credit are: capacity, capital, credit and collateral.
Capacity is your present and future payment obligations, as well as your debt to income ratio. Capital is the value of your assets, including cash, savings, investments, property, and other things that you could sell for cash. Credit is how responsibly you have paid bills or debts in ...
Hey! Did you know that a cup of coffee and a bag lunch can change your life?
Throughout the day, we think about the things we want: a Frappuccino from Starbucks. A new car. A trip to Hawaii.
Fact is, giving up the small things can help you get the big ones. For example, packing a lunch instead of eating out every day could save $50-$60 per week, or $200 a month, or $1200 to $1500 per year! Make your own coffee ...
Hey! Did you know that budgeting doesn’t have to be painful?
Fact is, it could actually be fun!
Southern Bank offers the Budget Bubble tool in online banking. It shows where your money is going and allows you to set up your own categories. Next you assign a goal for each category. Then the tool automatically shows you when you are on target (green), close to your target (yellow), or on your target budget (red).