What is Debt Consolidation and how do you use it to your Advantage?
Debt consolidation is when you take a larger loan to pay off smaller debts so that you only need to make one payment rather than a bunch of small payments per month.

Advantage #1:
Simplicity and ease of one payment rather than a bunch.

Advantage #2:
The new loan can build your credit.

Advantage #3:
Possibly better interest rates meanings cheaper repayment.

Advantage #4:
Over-utilized credit cards will hurt your credit score. If you consolidate your credit card debt, you will be in a WAY better position to build credit.

If you need to consolidate any debt, Spring Financial can help! Just fill out our 3 minute application form.

https://sprng.ca/35A89H8

Discover more: https://ow.ly/VYcn50RxwFw

Are you dreaming of owning a home and finding it difficult to qualify for a traditional mortgage?

An alternative home loan solution could be just what you need! These types of loans are great at opening doors for people that are self-employed, someone with only a tax id (individual tax identification number or ITIN), those looking to purchase unique properties like vacant land, mobile homes and non-warrantable condos, individuals that have experienced a recent credit event and everyone in between.

What is a Non-QM Loan?
Non-QM stands for Non-Qualified Mortgage. It’s a home financing solution for responsible borrowers and is specifically intended to help people that may not meet the requirements of a traditional home loan program.

These loans typically utilize special income qualification methods and are designed to help people with unique income streams. Some examples of the types people that find Non-QM home loans beneficial are individuals that are self-employed as an independent business owner, contractor, gig worker, artist, etc.

Loan programs in this space are typically more flexible in terms of credit. This flexibility may allow a borrower who has experienced a recent credit event like a bankruptcy or foreclosure, qualify for a new mortgage and opens doors to homeownership for people who have not yet established credit.

A Non-QM home loan is not risky or unsafe for borrowers. It’s simply a home loan alternative that allows the lender to review income, analyze credit and meet the borrower’s unique income or credit profile, differently.

Who Can Benefit from Non-QM Loans?
From self-employed individuals to people with a high debt-to-income (DTI) and those that only have an ITIN. Alternative mortgage options benefit borrowers who don’t meet the standard criteria for a traditional loan.

Non-QM programs are suitable for individuals with non-traditional income sources. This includes income derived from self-employment, 1099’s, irregular commission, or freelance work. An alternative home loan can benefit individuals that have experienced a recent credit event such as a bankruptcy or foreclosure, or ITIN holders who have not yet established credit in the US. Non-Qualified Mortgages offer flexible underwriting guidelines providing an opportunity for homeownership to those who may not qualify for conventional loans.

The advantages of considering an alternative mortgage loan for homeownership include:

-Greater flexibility in the approval process
-The ability to qualify based on alternative documentation
-The opportunity for homeownership for borrowers who might not qualify for a traditional QM loan.

Real estate investors and those seeking financing for unique property types can also benefit in this space.

For potential homebuyers with unique financial situations, like recent credit events or high debt-to-income ratios, a Non-QM loan is a great option. These loans provide an opportunity for individuals who may not qualify for a traditional mortgage to become homeowners.

Key takeaways
Non-QM loans are for people who can’t get traditional mortgages. They work for self-employed or freelance workers, artists, gig workers and immigrants, or those who have experienced a recent, negative credit event. These alternative financing solutions have flexible requirements and are a great alternative to traditional financing.

Non-QM loans are available to a broad range of potential customers. Complete this quick form today and one of our lending professionals will reach out to you to begin determining your eligibility!

Contact Us Today!

Submit a request to speak with an experienced Non-QM loan officer and take the first step towards owning your dream home.

Submit here: www.fnba.com/mortgage

Approval with 600 credit score is possible; however, this credit score alone does not guarantee loan approval as other requirements will need to be met in order to qualify.

The waiting period discussed is specific to FNBA and waiting periods may vary depending on the lender you choose. In order to qualify in as little as 1 day, you will need to demonstrate rebuilt credit and savings history.

NMLS# 413209
EQUAL HOUSING LENDER

Connect with First National Bank of America:

First National Bank of America Official Website:
https://www.fnba.com/

Follow FNBA on LINKEDIN:
https://www.linkedin.com/company/fnba

Like FNBA on FACEBOOK: https://www.facebook.com/firstnatlbankofamerica

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Dear finance professionals and students, welcome to Podcast of FCA Deepak Rao a practicing Chartered Accountant.

• Vodafone Idea’s financial turnaround is in jeopardy as its ?25,000 cr debt-funding plan faces delays following the Supreme Court’s AGR ruling. The delay has raised concerns about Vi’s ability to invest in 4G and 5G expansion, crucial for competing with rivals Jio and Airtel. Analysts predict government intervention, including converting dues into equity, to prevent a collapse.

• Indian companies, including HUL and Diageo, are adopting flexible benefits programs to cater to the diverse needs of their multigenerational workforce. These programs allow employees to customize their benefits packages by choosing from a range of options such as health insurance, wellness programs, and financial counselling, leading to increased employee satisfaction and retention.

• Major electronics companies like Samsung, Apple, and Whirlpool are importing less, marking a potential first-time occurrence. This shift is attributed to the ‘Make in India’ initiative promoting local manufacturing and component sourcing. While mobile phone localisation is steadily increasing, home appliances have achieved significant local sourcing.

• Walt Disney reported a $1.5 billion impairment charge related to its Star India transaction, reflecting a fair value adjustment. The charge includes $800 million in cumulative foreign currency translation losses. Disney completed the merger of Star India with Reliance Industries’ Viacom18, creating JioStar, on November 14.

• Indian banks are turning to certificates of deposit (CDs) to bridge the gap between loan demand and deposit growth. CD issuances have surged by 69% this fiscal as banks compete for deposits amid tight liquidity. Analysts predict that deposit rates will remain elevated despite anticipated rate cuts.

• The Goods and Services Tax Network (GSTN) has identified an issue where some taxpayers are seeing duplicate invoices in GSTR-2B for both September 2024 and October 2024. The GSTN team is actively working to resolve this matter and assures taxpayers that the issue is being addressed on priority.

This Podcast is sponsored by Sound of CA. We share because we care !
We love keeping CA informed.

Vande Mataram
Jai Hind

#charteredaccountant #news #artificialintelligence #compliance #updates #financeandaccounting #cfo #hottopic #breakingnews #newsandupdates #deadline #competency #share #informative #careers #job #cbdt #gst #sebi #rbi #icai

High Debt, Low Mortgage Rate? Here’s Your Solution! ????????

Are you sitting on record-high home equity but locked into a super low mortgage rate? Struggling with high-interest debt but don’t want to touch your 2.5% mortgage? You’re not alone!

? The good news? There’s a smart way to access your home equity without refinancing your entire mortgage.
???? This strategy could help you lower your monthly payments and take control of your finances—without giving up your low rate!

???? Want to learn more? Send me a DM with the word “Debt” or reach out directly through my contact form:
???? https://www.closewithmichael.com/contact

???? In this video, I’ll cover:
???? The challenge of high equity + high debt
???? Why refinancing isn’t always the best option
???? A unique strategy to leverage your home equity while keeping your low mortgage rate
???? How to determine if this is the right move for you

???? Don’t forget to subscribe for more mortgage & financial tips!

#debtconsolidation #HomeEquity #MortgageSolutions #FinancialFreedom #SmartMoneyMoves #MortgageAdvice #HomeLoans #EquityStrategy #HighDebtHighEquity #MortgageExpert #FinanceTips #MoneyMatters #RefinanceOptions #FinancialGuidance #MichaelTheMortgageGuy

Do you have money worries related to #gambling?

95% of people felt more in control of their finances after working with Gambler’s Help.*

Find out more about our free & confidential financial counselling available in partnership with Latrobe Community Health Service: https://gamblershelp.com.au/get-help/find-support/#financial-counselling

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Twitter – https://twitter.com/vicrgf
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NEED HELP?
If you feel uneasy about your own or someone else’s gambling, you can find free and confidential support at https://gamblershelp.com.au

Set yourself up for Future Financial Success

www.empireonecredit.com

From a janitor’s closet to helping 13 million families, Howard Dvorkin’s fail-forward entrepreneur story is unreal. After losing his dad at 13, he built debt.com, clearing $10B in debt with trust, not hype.

Learn how to burn the boats, build systems, and overcome financial shame in this Test. Fail. Learn. Grow. episode. No clichés—just grit.

*TIMESTAMPS*
0:32 Big Friday Intro
2:18 Howard’s Journey Begins
3:08 World’s Worst Employee
9:02 Trauma at 13
13:02 Janitor Closet Startup
20:36 No Wall Too High
24:20 CPA to Entrepreneur
28:19 Building Systems
33:42 Napkin Business Plan
37:07 Fail Forward Mindset
44:35 Connect with Howard

Subscribe for more business strategy tips and join our LinkedIn group, House of Bricks, to connect with entrepreneurs who are building exit-ready businesses. Share this video with your network—let’s grow stronger together!

Check out the House of Bricks Podcast for more insights on small business success, customer obsession, and business growth tips.

Follow Adam House ????
Instagram; / houseofbricksinc
LinkedIn: / adamhousesr
Facebook: / adam-house-sr-100088859781549
TikTok: / housestronglife

#failforward#entrepreneurstory#burntheboats#financialfreedom#debtcom

How do you manage debt while saving for an emergency fund? ????

It’s tough to balance both—but it can be done.
Start by covering your essentials and minimum payments first (to avoid bigger penalties). Then, set aside a small but consistent amount—kahit ?500 a month—para sa emergency fund.

If your debt is eating up all your income, that’s when debt mediation might help. By negotiating your balance and creating a lighter plan, you can free up space to build that safety net.

???? Message Debt Aid Consulting International today to see if you qualify.
???? Note: Our services cover credit card debts and unsecured loans from banks and financial institutions.

#DebtAidConsulting #DebtMediationPH #EmergencyFundTips #CreditCardDebtHelp #UtangSolutions #FinancialReset #SmartMoneyPH

Established in 1996, the Credit Counselling Society is a non-profit organization dedicated to helping individuals and families find solutions to their debt and money problems.

The Credit Counselling Society provides consumers with confidential and free credit counselling services, credit education and debt management programs.

Leaders in providing innovative and superior personal money management services in Canada.

We Help. We Educate. We Give Hope.

THE mission: • To educate Canadians in personal money management and the wise use of credit • To help individuals and families find solutions for their financial matters through unbiased counselling and debt repayment alternatives. Our values: • We are committed to quality and excellence in everything we do • We act with honesty, integrity and ethics • We treat all people with dignity, fairness and respect We are federally registered as a Canadian Charitable Organization and a Charter Member of Credit Counselling Canada, a national association of non-profit credit counselling services

The benefits of mediation. What to consider if making a cross border move. Ways to pay off debt faster. Investing post retirement.