Tommy Apple



If you’ve ever started a business or were involved in a real estate transaction, you will understand that it takes money to get to a certain goal. For example, in order to incorporate a business, the founders need to pay for filing fees and in order to maintain the corporation in good standing for the length of the business endeavor. In real estate, there are mortgages and construction loans that must be secured in order for the deal to be real. In this article, we will be discussing one type of capital solution which is the hard money loan and will be discussing the reasons someone would choose hard money and will be discussing some of the drawbacks as well.

What to Know About Hard Money Lenders in North Carolina

Typically, people in the real estate sector choose to use hard money lenders because of the speed in which they can move money around. Think about it, would you rather wait to get money from someone that will take two weeks to a month to distribute the money or someone that can have the money in seven days? The answer is obviously the seven days so that you can go ahead and secure the property, but you have to balance the amount of interest you will be paying for the hard money to see if it makes sense to wait. Most of the time it doesn’t make sense, and speed is king.

These loans are used in renovation projects as well as in new construction. Because these projects are more risky and provide a higher rate of return, it makes sense to pay the high interest that the lender is asking for. Of course, after a few transactions, your lender may want to lower his return because you’re easy to work with and are creating the results you spoke about. Another reason why people may choose to work with hard money lenders is because they typically don’t worry so much about the investor’s personal credit history, but instead they focus on the deal and how much value it will create.

The drawbacks of using a lender like North Carolina Hard Money Lending, are, first off, that you will pay a lot more interest for using the loan. There will most certainly be some sort of origination fee, but if the lender is a legitimate one, he or she will put these costs into the total sum of the loan so that it is not an upfront expense. Finally, a drawback of using hard money lenders is that they want you to put up a lot more of the money for the deal. This is anywhere from 20 to 30% of the total purchase price of the property since most hard money lenders want to keep their loans around 50-70% loan to value ratio (LTV).


In conclusion in this article, we discussed the topic of hard money lenders and discussed why it is important to review your options to find out if you actually need a hard money loan or not. If you find out that you will be paying way too much in origination fees and interest, it may be a better idea to look for private money individuals who will be able to loan you the same amount of money, or more, as the hard money lenders but they would get paid a smaller return and would be on title for the property. Whatever you end up doing, make sure you have everything lined up and a plan B in case your lender can’t actually pull through.

Who does not want to be free from the mental stress of being in a financial crisis? Perhaps the most difficult aspect about saving money is to get started. This sequential guide on saving money will help you make a simplistic and real plan for saving to fulfill your objectives whether small or big.

Recording expenses

The initial step in saving money is figuring out what is the amount which you can spend. Keep an eye on all your expenditures whether household item or coffee or cash tip. Once the data is with you, organize your numbers in categories like groceries, gas and mortgage and then form a total of every amount. Use your bank statements and credit card for helping you with it. Clients of Bank of America should use its Spending and Budgeting tool that itself categorizes the transactions for easy budgeting in your mobile app and online.

Form a budget

After you develop an estimate of what to invest within a month, you can start organizing your recorded expenditure in the form of a workable budget. The budget must take into account how your expenditure measures up to your earnings so you plan what you spend while limiting excessive spending. Besides your monthly expenditure, don’t forget to consider expenses which regularly take place although not every month like car maintenance. You may compare your budget to people similar to you using Better Money Habits Spending Analysis Tool.

Plan to save money

After making a budget, make a category of savings in it. Try saving 10-15% of your earnings. If your expenditures are so much that your savings are less, it is time for cutting back. For doing it, recognize nonessentials on which you could invest less like entertainment or dining out and seek ways for saving on your regular monthly expenses. For reinforcing intelligent savings habits, consider the wealth you reserve for savings as a regular expenditure like groceries.

Select something for saving

Among the best methods of saving money is setting yourself some goal. Begin by thinking of for what you may wish to save – maybe you are planning to get married, go on a vacation or saving for your retirement. Then calculate how much money you require and how long it may take you for saving it. If you own an account in the Bank of America, you can make use of the Picture My Goals tool for setting up and tracking your progress towards your objectives in this mobile app.

If you happen to save for your retirement or child’s education, put this money into an investment account like IRA and 529 plan. Where investments certainly have risks and can end up in losing money, they also give birth to opportunity for compounded returns in case you plan for something far in advance.

Make a decision on your priorities

After expenses plus income, your objectives will have a huge impact on how you assign your savings. Never forget your long-term objectives. It is important to note that your planning for retirement should not affect your shorter-term requirements and wants. Learn prioritizing your savings objectives in order for you to have a good idea of where to begin saving. For instance, if you are aware of your need for replacing your car soon, you being putting money away for it from today.

Choose the right tools

If you happen to save for short-term objectives, use the following FDIC-insured deposit based accounts:

  1. Savings account
  2. Certificate of deposit (CD) locks the money for a fixed duration at a rate which is usually greater than savings accounts

For long-term objectives:

  1. Individual retirement account (IRA) which is a tax-efficient savings account
  2. Securities, such as stocks or mutual funds.

There is no need to select only one account. Carefully look at your options while considering aspects like fees, balance minimums and interest rates so that you select the mix which helps you best in saving for your objectives.

Making saving automatic

Almost every bank offers automatic transfers between savings and checking accounts. You can select how much, when and where to transfer or split the direct deposit so that a part of each paycheck deposits directly in the savings account. Splitting the direct deposit as well as setting up automated transfers are indeed simplistic methods for saving money as you don’t need to think on this and it, in general, lessens the temptation for spending the wealth instead.

See your savings growing

Analyze your budget and gauge your progress per month. This will not only help you in sticking to the personal plan of savings but also aid you in identifying and fixing problems in quick time.

These simplistic methods for saving might even inspire you to save money on a daily basis so you can achieve your targets and fulfill your dreams earlier.


Credit Unions are cooperatives which are owned by members of a specific community, and it is started to provide loans to the members at low-interest rates as well as promote the culture of saving among the members. A national board always registers the Credit Unions.

Advantages of Credit Unions

1. They Impose Lower fees

As compared to banks, credit unions impose relatively lower fees, including loan origination fees and monthly service fees. Transfer fees at Credit Unions are also, and they do not charge ATM withdrawal charges. Moreover, overdraft fees, which tend to be the significant marker for making money, tend to be low at Credit Unions.

The lower fees are advantageous to the client as they help the client to evade many charges, which when added they sum up to a meaningful figure which you could it for other purposes. Credit Unions help one to save your money safely and with no charges.

2. They Offer Better Interest Rates

When a community member opens an account with a Credit Union, he or she will get to enjoy low-interest rates on the loans which he or she will be getting and high-interest rates on withdrawal of savings. Credit Unions can offer much better interest rates because they are not operating on the focus of making a profit but rather on covering costs of operations.

3. You Can Work Even With Poor Credit

Unlike the commercial banks where one will be disqualified from getting loans or any other services in case of poor financial status, Credit Unions will help you despite your situation.

The loan officers at Credit Union will strive to find a loan type which suits a person’s financial status and help him or she gets financial assistance. Credit unions also offer members with financial education, which will help people get to understand how to manage their funds.

4. Standard Customer Services

At Credit Unions, customers are treated with due respect and are highly valued. The entity offers superb and quality customer services. Since credit Unions are smaller in size, unlike banks, which serve a lot of customers, the employees can identify customers’ needs and offer personalized assistance and service to the customers.

5. Credit Unions Benefits The Community.

Since the credit unions are made of members who are from a particular community, its services are synchronized to help the local community where it is found. For example, a Houston Federal Credit Union is made up of members from the Houston community, and so its services will benefit the residents of Houston.

Disadvantages of Credit Unions

1. It Is A Must To Become A member

One has to be registered as a member of a certain credit union for him or her to start enjoying the services offered by the credit union near me. The cost of registration is between $5 and 25 dollars. Of one is not a member he or she will not be able to enjoy the services.

2. They Have Limited ATMs And Branches

Many Credit unions are found only in one location where they mainly operate from. They do not have many ATMs hence causing inconvenience as the number of credit unions cutters is increasing.

3. They Are Not All Insured

Federal Credit Unions are always insured by the National Credit Union Administration, just like the way FDIC insures banks. An example of an insure credit is the Houston Federal Credit Union There are some Credit Unions which are not insured though many have been insured.

4. They Are Not Much Digitized

Banks generate a lot of income from its customers and other investments; hence, they have changed their way of doing things using modern technology. Credit Unions have not yet adapted to the new technology as they lack substantial assets which they can generate money from and improve their technology.


One can join any nearby credit Union if you are a member of that community and start enjoying the highlighted benefits discussed above.

Practically speaking, nothing can exist independently. Whether you are an individual or a business, you need to co-exist. For a business, there are a number of stakeholders like suppliers, shareholders, customers, employees, etc. When a business associate with any of its stakeholders, a document having general guidelines and legal obligations of the two parties needs to be in place for a smooth and long relationship. A commercial law firm helps you construct this document and keep disputes at bay. A commercial law firm also plays a vital role in case of any conflict between the business and any other party.

Commercial law deals with commerce and trade interactions and transactions between a business and its suppliers, distributors, and consumers. Commercial law also extends to employee contracts and other business and financial agreements. When a business appoints a commercial law firm, it is outsourcing all the legal formalities and documentation to the law firm for getting an expert solution from their team.

Why do you need a Commercial Law Firm?

When a business engages itself in any commercial deal with another party, it usually thinks of all the business aspects but the legal side of it. However, when any dispute or conflict comes up, it is the understanding of the commercial law that saves the neck.

  1. Helps outline obligations for both the parties – Before getting into association with any party, be it a consumer or a supplier; it is important to clearly outline the various terms, conditions, legal obligations, expectations and other key features of the business relationship. For example, if a travel agency ignores to mention clearly its payment terms, a customer might insist to pay the agency only after completing his trip. He might argue that he would pay only if he felt that the trip was worth his expenditure. In such a case, he might even abandon the agency after his trip. Thus, it is crucially important for such a travel agency to define its payment and refund policy.
  2. Helps save time – For any individual or business, legal action is a headache. When a business has a commercial law firm by its side, it can set apart rules and regulations that can avoid unforeseen conflict situations and can thus save the time of the management of the organization for doing something productive.
  3. Helps resolve disputes – Before a dispute becomes a legal issue, it goes through various stages. These are – negotiations, mediation, arbitration and litigation. A commercial law firm has a team of experts who can save a business from a dispute and can resolve the matter before the final stage. Even if any such case ends up in a court of law, a commercial law firm can help you find a win-win solution for both parties.
  4. International Business Laws – A business operating in Israel would probably know the business laws of the country. However, in the 21st century, no business knows national boundaries. When a business is taken across different nations, the biggest issue it faces is – not knowing the International Business Laws. A commercial law firm can help a business expand its wings across national borders without any hassle or worry.
  5. Takes care of the Financial Transactions – A business is always run on money. Financial transactions and commitments increase with the increase in the business. Large businesses that transact millions of dollars monthly involve greater monetary and legal risks. International businesses have their own set of problems related to currencies and exchange. A commercial lawyer is well versed with the financial laws of Israel and those involved when trading with other countries.

Hence, hiring a commercial lawyer from a renowned commercial law firm is the need of the hour. Today, the success of a business does not depend on hard work, but it depends on smart work. By taking the help of a commercial lawyer from David Page, you are doing a smart work by saving yourself of the worry related to business and commercial laws. You can pay total attention to expanding your empire while David Page stands with you like a pillar to help you flourish in every legal way possible.

Are you planning to buy car insurance?

Kudos on taking a sensible decision of preventing your precious vehicle from all sorts of damage. Car insurance will not only keep you safe from having to pay for any physical, accidental or mechanical damage but it will also keep you away from getting legally penalized since most states require a minimum form of car insurance, liability coverage or financial responsibility bond. Failing to do so can subject you to penalty or suspension of driving privileges.

Worried that you might get duped into purchasing wrong insurance?

Shopping for car insurance involves more than just deciding on the grounds of the price tag. This is not only for car insurance in Lake Charle LA, but commercial trailer insurance,  mobile homes, and more. You have to be extremely cautious when looking for a car insurance quote; otherwise, your lower quote approach might cost you more than what was expected, in the long term.  

In continuance with this, today we are going to help you make a well-informed decision by listing out some of the common mistakes that people make when buying car insurance, which you must avoid to enjoy the benefits better:


It is essential to understand that all insurance companies are different with various coverage options, benefits, inclusions, exclusions; this is why it is crucial to do thorough research so that you don’t end up paying a premium for services that you did not want in the first place.  Make sure to shop around and get quotes from different insurance company till you have enough options to choose from.


People often make the mistake of going for the car insurance for which they have to pay the lowest premium. But that is a bad practice in the long run. Your focus should not be on price but the protection that it offers. What if there is an accident and the insurance doesn’t cover mechanical repairs? Now you will have to pay for it, and there goes your premium to waste.


An insurance carrier might try to lure you into purchasing a policy but only highlighting the good things and not discussing it in detail. Don’t get blinded by the benefits and patiently go through every policy, raising questions whenever you feel like. You are making an expensive decision, and that should be done with adequate information. If they are unable to explain to you how the policy, inclusions, exclusions work, then it is a clear red flag that the insurance company is not worth risking your car into.


While online insurance comparison rates can be helpful, you should not overlook the carriers available in your region. There is a possibility that they might be able to offer you better market rates and more benefits. As aforementioned, shop around, and by that, we don’t mean online, but offline as well.


Do not fall for the term “full coverage”. It is vaguely used and not correctly understood, which is why having a proper consultation session with the insurance company makes sense. They will be able to help you identify the gaps in the coverage so that you know what you are getting yourself into and how protected are you. Be highly vigilant in the coverage amounts that you purchase, it should provide you optimum protection in every possible scenario wherein your car can get into trouble.


A deductible is an amount that you are required to pay with most of the policies. Be truthful to yourself and only choose the deductive that best fits your budget as well as your needs.

By now you must have understood the gravity of the repercussions, which is why it is essential to go to an agency that provides insurance from multiple credible companies making sure your demand is met in the friendliest and cost-effective manner possible.

You have made a considerable investment, meant by purchasing a car, why would you not be rigorous when shopping for car insurance?