The difference between a tenant loan and the other types of loans is that one does not need to keep any property of his/her as collateral to get the loan. This is an unsecured loan given to those who do not own a home for themselves.

The only disadvantage of tenant loans is that the interest rates they thrust upon the loan applier are far more than any secured loan rate. Now the question arises that how to get a cheap tenant loan? To get a lower rate of interest on your tenant loan you need to have a fine credit rating so that you can approach a lender with a big name or a high-street bank as they provide improved rates on tenant loans.

Firms for loan brokerage can help you find the right place to apply for according to your loan requirements and credit rating.

Complete article…

Three years ago, right before the birth of our third child, my wife and I started looking for a new house.  After two years of saving, searching, and praying, last February, we purchased our new house.  We love the house – and couldn’t be happier with out decision.

Before we ever started looking, we made a list of what we wanted in the new house.  We have three kids, two girls and a boy, so we knew that we wanted a house with four bedrooms.  We also wanted at least two bathrooms, a two-car garage, and a nice yard.  We both wanted a newer home – and one located in a nice neighborhood.

For the first year or so, knowing that we needed to spend some time saving up for a decent down-payment, we spent our time driving through the neighborhoods that we liked, checking various real estate sites for prices.  We found several homes that we liked, but as I said, we were saving up for our down-payment, and were not quite ready to buy.

In mid-2009, we started to search in earnest.  At first, we concentrated our search in just one or two particular neighborhoods.  On three or four occasions, we found houses that looked (from the outside) to be right for us – but upon viewing, they just didn’t fit.  We kept looking.

Over the next few months, I spent hours using various real estate websites, searching for the “perfect” house.  More than a few times, I would find a house that looked promising, and we would jump in the car, ride over and take a look, but we never found “the one”.

Just after Christmas, I was searching for new listings, and I stumbled across some listings for a neighborhood that we had never visited.  One particular house really caught my eye.  Encouraged, my wife and I bundled up the kids, buckled into my wife’s van, and headed off.

Immediately upon arriving in the “new” neighborhood, we fell in love with the place.  It’s tranquil, with a good blend of older and newer homes.  We took a few minutes to drive through the neighborhood and then headed to the address on the listing.

As we were driving to the listing, we noticed a “for sale – by owner” sign in the front yard of another house (not the house on the listing).  Making a note of this, we went ahead to the address on the listing.  That house didn’t turn out to be a fit for us – but the “for sale – by owner” house intrigued us.

By this time, it was late at night, but we couldn’t resist.  We swung back by the “for sale – by owner” house and called the number on the “for sale” sign.  It turned out that the owner was out of town, but that a neighbor had a key, and we could see the house, right then, if were willing to wait five minutes.  Excited, we waited for the neighbor to come with the key.

As soon as she opened the door and we walked in – we were “home”.  Seriously, it happened that quickly.  (I read somewhere that most people decide whether or not they are going to purchase a new home within 30 seconds of seeing the property.  For us, it was more like 3 seconds.)

We took a tour of the house – which just happened to meet (and exceed) all of the wants on our list, and quickly scheduled a meeting with the owner.  Over the course of the next few weeks, we met with the owner, negotiated a purchase price, arranged financing, had the home inspected, and closed on the property.

It’s a little hard to believe that we have already lived in this house for a full year.  We are working diligently to pay off our mortgage (early) – and very satisfied with our purchase.

What is a prepaid debit card? It is somewhat similar to the usual credit card, the difference being that it has a lower credit limit compared to the usual credit card, and this credit limit depends on the security amount which the account holder deposits to use this card. The prepaid credit card is also termed as secured credit card.

The benefit of these prepaid credit cards over the usual ones is that the user will never go into debt as the card has limits to the purchasing power. No late fees or interest charges are chargeable because of the security deposit; the same way it is for debit cards. One can make reservations for hotel rooms and give their car rental fee and shun the opportunity of interest charges.

Complete article…

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Complete article…

The following resources both inspired me to get out of consumer-debt and keep me motivated as I strive to pay off my mortgage.  Check out-

Financial Calculators -

A random search of the Internet lead me these debt calculators from over at Dinkytown.  Once I plugged in my own credit card debt and automobile debt, and ran the calculations for various payment methods, I was off and running.

Radio Program -

If you have spent any time at all researching debt reduction, you have no doubt heard of the awesome Dave Ramsey radio program.  Listening to Dave always motivates me.

Blogs -

I love reading Blogging Away Debt, Debt Free Adventure,  The Happy Rock, Man vs Debt, and dozens of other personal finance blogs.  It never fails – When I am tempted to slack up a bit, all I have to do is fire up the old browser, visit a couple of sites written by fellow bloggers, and I’m instantly re-motivated.

Blog Carnival -

Speaking of blogs, each week the Carnival of Debt Reduction, a selection of blog posts from throughout the web is published.  (If you are a blogger and you write about debt reduction, be sure to submit your stuff to the CoDR!)

Bible Verse -

Romans 13:8: Owe nothing to anyone except to love one another; for he who loves his neighbor has fulfilled the law.  That’s my ultimate goal – to owe nothing to anyone, and yet to love everyone.

Family -

I have an awesome wife and three awesome kids.  Back before I began to organize my finances, I was constantly worried about their futures.  Realizing that I wanted to do a better job of providing for them, I got serious about reducing debt and fixing my finances.