Kristy Johnson

  • FHA Loan Definition

    The Great Depression of the 1930s changed much of the social face of the United States, and it also changed the financial structure of the banking system. For instance, the FHA Loan is a Federal Housing Administration mortgage loan with mortgage insurance to protect lenders when a home may foreclose. During the Depression when many homes were foreclosed on, the lenders would not have insurance to cover their financial losses. The FHA enables the lenders to have their finances covered in the event that...
  • 4 Reasons To Get A Gas Credit Card

    Gas credit cards also allow you to enjoy discounts on products other than gasoline or diesel. Depending on the card you purchase, you can benefit from various types of discounts: on maintenance, tires, repairs, document scanning, accommodation, food and drink, among other frequent expenses in the fleets. Additional Control and Security Gas credit cards allow fleet managers to easily check each driver’s budget and spending so as to give them limits when necessary. It shows all the transactions and purchases that were made with...
  • Gas Credit Card: Pros & Cons

    It appears that gas prices will increase, and thus, you may feel the financial strain due to increasing gas prices. So, with these issues, obtaining a gas credit card may be a good way to go. What is a Gas Card and How Does it Work? A gas credit card is like a store credit card, but it is offered by a gas station. While using it at a gas pump, you can save time and possibly earn perks and discounts provided by the...
  • How A Gas Credit Card Saves You Money

    Credit cards offer a whole series of advantages that go far beyond providing a quick financing route for specific expenses. In fact, many customers of these cards do not usually use the credit they have available. So what do you need them for? The answer is because many of these cards have associated advantages such as: points programs, travel or theft insurance and a long etcetera. Today we highlight the discounts that some of these cards have at service stations, both in refueling and...
  • 8 Distinct Factors of A Gas Credit Card

    Are you thinking about obtaining a gas credit card from your most preferred gas station? You may want to do your investigating to make sure that the interest rate is ideal and that you can afford the debt that may be incurred upon using the card frequently. The average rate of interest for most gas stations on a national average is more than 23 percent. If you apply for and are approved for a gas card with such high interest rate, it can rack...
  • Get Cheaper Gas With A Gas Credit Card

    Having a gas card is good for your business, whether you have one or 100 vehicles. All companies with mobile staff face the same problems when it comes to fuel. Fluctuations in fuel prices can hit small businesses the hardest, but the fuel discounts and competitive rates offered by gas credit cards can provide the extra security your small business needs to survive and succeed. Cash Flow By eliminating the need to keep fuel bills, gas credit cards are a simple and cost-effective way...
  • Mortgage Refinance Process

    efinancing your mortgage is a process that involves taking out a new loan to replace your existing loan. Refinancing your mortgage will allow you to borrow money generally at a better interest rate and repay the loan over a different time length as well as withdraw from or add to the equity of your home. If you are considering refinancing your mortgage, before beginning the process, it’s important to understand how the process works. How Does Mortgage Refinancing Work? The process of refinancing your...
  • Should You Refinance Your Mortgage?

    In a marketplace where interest rates fluctuate, when rates are lower, it can be beneficial to consider refinancing your mortgage loan. This simply means that you would replace your current loan with one that offers a lower interest rate. This means that in the long run, you will be saving a lot of money. When to Refinance Your Mortgage? There are several instances where refinancing your mortgage loan will save you money. The first is when the interest rates dip below what is on...
  • What is FHA streamline refinance loan?

    Streamline refinance is in reference to having a current mortgage that is FHA insured. This kind of mortgage requires the borrower to have limited documentation to show credit history and limited underwriting is needed. These refinance loans are available to borrowers who qualify or not qualify with their credit rating. When such a loan is streamlined, there is not much documentation required, but there are still costs involved. Fundamental Requirements Some of the fundamental requirements for a streamline refinance loan are: The existing mortgage...