How Does Commercial Remortgage Help?

You must have taken a commercial mortgage to expand your old business or to set up a new one. There may be need for finance to set up a pub or renovate them. A high interest rate is what you got when you applied for it then. If the current loan rates are lower and you have taken out a fixed mortgage, you have an option to switch over to a variable one and enjoy the current interest rates.

Remortgage or second mortgage offers you a chance to change your terms too. You can reduce your loan duration and pay less on the whole. Get rid of paying your monthly payments over a longer duration. You will soon repay them and get rid of it.

Build your equity faster by paying of the loan amount in a shorter duration. By doing so, the dues on your loan will be smaller and hence the equity used for the loan will have a better value. Switching over to a fixed term on low interest rate is better than paying high interest on a variable interest rate.

By refinancing, you can opt for a cash out option. This will allow you to make use of the cash to fund your children. Make use of your consolidation loan option and get better rates. You also get to manage multiple loans in an easier way with just a single repayment to make. This way, you will be able to get rid of your pending dues too.

You need not worry about being in commercial debt for long. If you have an option to consolidate your commercial mortgages then you better do it. Renovate your factory or other commercial enterprise to increase the value of its equity. You can make use of your renovated firm to get better rates.

Financing a Cleaning Business

A cleaning business is one of the most popular businesses to start today. Why is this that you might ask? It’s because it’s a fairly small business that requires little to no start up. But what happens if you don’t have any money, and you’re looking to start up this business? It’s okay if you don’t have money, because there are many options that you can take!

Starting with your credit

If you have good credit, and you have $0 in the bank, I would recommend that you go down the route of getting a business credit card. Even if you get a $500 credit line, this is more than enough to get all of your cleaning supplies, as well as get enough gas money to get to your first couple clients houses. Once you get those clients, and your weekly money coming in, you’ll be able to pay off your card.

What if my credit is bad?

There are many cards out there for just about everyone. Even if your credit is bad, you may want to look into getting a secured credit card. These cards are different than your … Read More

How to Move on and Thrive After a Divorce

Being Head of Finance might not have been what you signed up for in life, your marriage and certainly inconceivably after divorce. But somehow, by default, the responsibility now rests squarely on your shoulders. We are not born with any skills in money management. But we do have the ability to succeed against all the odds. Now that the finances are firmly in your hands, see it as a bonus and not a burden.

Changing spending habits

Perhaps in the past you never thought about it, but losing track of spending may have been the norm. Especially, as the tab was picked up by the ex-spouse. Or, you relied on joint incomes. But your spending must now fit into what you have. There is often a niggling thought that it’s not going to work out for me? Will my spending get out of control? Will I be penniless, and worse still, will I have to run cap in hand to the ex-partner. Forging a future for yourself and your children, needs you to be at peace with money.

There are five big negative beliefs when dealing with money after divorce:

1. Fear of not managing – limited self belief that you will not cope

2. Fear of not having enough – what you have will run out and not meet the family’s needs

3. Fear of not being good with money – having never been affirmed or trusted, you believe you must be rubbish with it

4. Fear of living a poor existence – believing that you will live a poverty life without a partner

5. Fear of change – inability to accept that change has happened, and being afraid to embrace new and positive things that are within your grasp.

Fear plays such a big part in the ‘what ifs’ after divorce. Be comforted in knowing there is an answer to every ‘what if’ which is deep rooted in fear, whatever it may be. The practical side of managing finance will always need to be addressed ie paying bills when they’re due and not neglecting it. Being fully aware of your financial obligations is one of the keys to spare you from the taunts of fear. This can be structured very easily in a way that takes the pressure off you and your time.

After divorce, comes the time to really take care of and develop you, as a whole person – your self esteem and confidence needs to be raised, a zest for life needs rediscovering. You cannot turn back the hands of time, (neither would you want to). But with gusto you can live an inspired, affirmed, empowered, fulfilled life, attracting people towards you that support and care for you.

And now finance, must never be the stumbling block that stands in the way of that. What do you want from life? What do you aspire to achieve? Perhaps it’s something you are yet to discover. May the journey of finding out, be kind and … Read More