A 30-year fixed mortgage rate is the rate of interest that stays stagnant throughout the tenure of the period. It is one of the most popular options for people opting for home mortgages. The main reasons why people preferred to lock-in good 30 years fixed mortgage rates are the good interest rates and their fixed nature and also the smaller payment monthly since the entire amount is distributed over a span of 30 years. The mortgage rates differ for different lenders. Following are the rates mentioned by the best providers: The rates may vary depending upon the performance of the market. So, check the website to get the best rates for that day. Wells Fargo The interest rate for a 30-year fixed mortgage is 4.25% while the Annual Percentage Rate (APR) is 4.695%. The 30-year fixed mortgage rates for Veterans Association are 4.500% interest rate and 4.808% for APR. The rates are dependent upon a few parameters namely single-family, primary residence, possession of an escrow account and a credit score of 740. Quicken Loans To get the best 30-year fixed mortgage rates of 4.56% interest rate and 4.834% APR, apply with Quicken Loans. The advantages of getting these rates with Quicken Loans are that you may make a prepayment without any penalty.

Mutual funds are a form of investment that is managed by professional experts. When you invest in mutual funds, the fund manager allocates the amount into different securities and debts, based on the plan you choose. Due to such diversification of funds and the anticipated high returns, there is a surge in mutual fund investments. There are several funds for you to choose from. Based on your risk appetite, available funds, and the purpose of investment, you may choose funds that help meet your long-term financial goals. If you want to ensure that mutual fund is a core part of your portfolio and if your time horizon is vast, choose from one of the below-mentioned best mutual funds to invest in. Schwab S&P 500 index This is a large-cap fund, which is also one of the best mutual funds to invest in 2018. It generated a return of 20.5% in 2017 and has achieved a total return of 15.6% in the last five years. The annual expenses of the fund are only 0.03% of the total asset value, thus making it an ideal fund for those who are looking for a balanced return. Vanguard mid-cap index As the name suggests, the mutual fund invests into mid-cap stocks and had a total return of 18% in 2017.

A mortgage is a key debt instrument in the financing arena, as it provides a quick loan to the borrower against the property and is a security to the bank. Typically, the large businesses and individuals use the mortgage as an option for large real estate purchases, without making payment of the full value. The bank is also comfortable in providing money to the borrower, as in case if the borrower stops paying the mortgage, the bank has the authority to take control of the mortgaged property. Mortgage refinance is an important process in the debt sector, which allows the borrower to replace their mortgage on their property with a new mortgage. This process helps to provide new money to the borrower and pay off the original mortgage with the better terms. Understanding mortgage refinance Let’s consider this example to understand mortgage refinance. Adam has a mortgage for $500,000 with Bank A at an interest rate of 8%. He found that he could obtain a mortgage for the same amount with Bank B at an interest rate of 5%. Now he takes a loan with Bank B for $500,000 at an interest rate of 5% to pay off the debt of Bank A, which means that he is under no obligation to Bank A.

Fixed income funds aren’t the most profit-yielding sources of investment. In fact, they generally fall under the lowest tier of a financial investment tools’ pyramid. Stocks and the share market provide tempting offers that have a definitive return, usually on the higher end. However, should the stock market face a hit or your stocks see a downfall, a fixed income fund would help you get by till you’re back in the game. The biggest challenge of fixed income funds, which primarily include government bonds, is the ever-increasing rate of interest. The constant rise in the rate of interest results in people avoiding bonds. Another hassle involving bonds is the tenure of the bond. The older bonds with a low yield have less demand, whereas the newer bonds with a high yield are more promising to buyers. The best way to approach this complicated scenario and mitigate the loss is by investing in one of the 10 best fixed-income funds and even consider choosing from among the top 10 fixed-rate bonds. In the following, 5 fixed-income funds from among the top 10 have been listed. Best fixed income funds Discussed below are the top five fixed-income funds, which carry the least amount of risks and generate good returns.

While everybody understands how a mortgage works, there is still confusion revolving around the concept of a reverse mortgage. A lot of financial experts believe that a reverse mortgage is not advisable for financially vulnerable seniors. However, there are reasons why a reverse mortgage for seniors is considered a good idea. Read on to know the benefits of a reverse mortgage. What is a reverse mortgage? A reverse mortgage is a loan for citizens who are aged 62 years and above. These loans give senior citizens a chance to convert their home equity into cash. Also referred to as a Home Equity Conversion Mortgage (HECM), the Federal Housing Administration (FHA) insures these loans, and they come with no monthly mortgage payments. The lender may pay the homeowner in the form of a lump sum, monthly payments (for as long as the borrower is residing at home), periodic advances through a line of credit, or various combinations of the options mentioned above. The eligibility criteria are also quite simple as compared to a conventional mortgage. Any homeowner who is above the age of 62 is eligible for availing of a reverse mortgage for seniors. What are the benefits of getting a reverse mortgage?

The price of gold started with a crescendo and then fell to its rock bottom in the year 2016. Gold price is very unpredictable as it depends on various factors. Last year was a roller coaster ride as far as gold prices were concerned. Analysts are wondering what gold rates have in store for 2017. Let’s look at what the trends of daily gold prices for this year are likely to be based on takes from the fields of technical analysis, economics, and investment banking. Take from the technical analysis viewpoint: Technical analysis can provide some insights when it is used to analyze a specific asset. Unfortunately, the news from the charts isn’t great for gold this year. For years the price per ounce of gold has stayed at around $1,400. Analysts predict a downward slope in daily gold prices for the next five years. Some of the predictions are that the gold price is likely to dip to a low of $1,000 in the year 2017. This analysis is however from only the technical point of view. Bank’s take on gold prices: The banks have a slightly more optimistic point of view about the daily gold price. But then the banks haven’t been bullish as well.

Gold has always been known as “the barometer of fear.” When people are uncertain about the economy, they turn to gold and bid the daily gold price up. It is common to all that inflation and deflation are the two major factors affecting the gold prices; however, there are other fundamental as well as psychological factors that also move the daily gold price to a great extent.  Read on to know some of the factors that affect the daily gold price value. Monetary policy The monetary policy is exclusively controlled by the Federal Reserve, and in fact, has the greatest influence on the gold price. The opportunity cost is a crucial factor because of which interest rates influence gold prices. Opportunity loss is when you give up a near-guaranteed gain in an investment for a greater gain in another. This leads to the loss of money, which makes gold an attractive opportunity for investments. Economic data The monetary decisions by the Federal Reserve are based on economic data like job reports, wage data, manufacturing data, and GDP growth, which can, in turn, affect the daily gold price. Since the country’s economy is quite robust, low employment rate, job growth, and manufacturing expansion are some factors that push gold prices lower.

When it comes to investing in silver, silver bars are the most traditional method of doing so. Silver has been used as a form of money for more than four thousand years. For investors who want to buy silver bullion, silver bars continue to be a global standard. Mints and refiners find it easier to produce a silver bar than the much smaller fabricated rounds and coins, which for investors amounts to more value for money. Consumers who are smart have also started investing in silver as an investment to hedge against inflation and to protect future wealth. There are a few things that you have to keep in mind while buying silver bars: Knowing the value of a branded silver bar as opposed to a regular generic silver bar definitely matters, when it comes to pricing. Certain brands cost more to purchase, although the purity of the silver makes the bars worth the same amount per ounce. Some designs are only made by specific manufactures of silver bars. Also the reputation of the companies and the availability of products need to be kept in mind. It is advisable to buy silver bars from reputed mints and mines as this will ensure the lasting effect of the bars.

Fortune not only favors the bold but also those who failed to do well in their credit score! While there is no denying that availing a good sum as a home loan largely depends on your FICO score, one need not stop their American dream whatsoever! Here are some useful tips to avail home loans even if you hold a bad credit: Ensure that you do not have any outstanding or delay in payment for the last 12 months. Lenders would certainly consider the fact that you might have gone through certain hardships in your life and would be more than willing to extend you a home loan, provided your twelve months statement is as clear as milk! Be very careful with nonpayment of small bills. There could be some $50 bills towards a plumbing job that you availed six months back. You might have either overseen it or ignored it! Trust us – you would be taken by a great surprise when you see your credit score report. The $50 bill will continue to act against you and will make your home loan dream far fetched. Every single bill has to be paid and that too on time, should you require home loan!

No credit check loans are great resources of cash during an emergency. They are also very useful to help meet your financial requirements whilst you work on improving your credit. There are several advantages of getting no credit check loans, as listed below. Easy to avail: No credit check loans can be obtained very easily. You don’t have to go through a lengthy process of credit scrutiny or meet with multiple loan officers. You just have to fill out an online application form and furnish a few documents to get the loan amount deposited into your bank account. They offer flexibility: No credit check loans are available at anytime and from multiple lenders. Hence, they offer you with the flexibility to borrow emergency cash irrespective of your credit worthiness. They help you pay bills on time: No credit check loans can help you pay your bills on time, thereby helping you avoid paying interest on late payments. Thus, no credit check loans are extremely useful to help you get through times when you are in deep financial trouble. Acquiring no credit check loans is quick: Getting a no credit check loan is a quick and hassle-free process. You can walk out with cash by going through a simple application process.

What is the difference between an equity home loan and an equity business loan? Any equity loan is secured by assets that are owned by you. An equity home loan uses as equity that value of the property that is wholly owned by you to secure the loan. In the case of an equity business slogan, assets that have been acquired by the business for its functioning may be used as equity. Why do equity loans come with lower rates of interest? Equity loans are loans or a line of credit that is offered using your property as collateral security. Since such a loan is fully secured, it proves to be less risky for the lender. It is for this reason that banks and other financial companies can offer equity home and business loans for better loan tenure and at the lower rate of interest. What kind of questions will a lender ask? This depends on the lender, but according to the SBA, there are in fact some standard questions that one should be prepared for: The reasons for applying for a business loan? Which department or area of interest would the loan proceeds be applied on? Nature of capital expenses – buying assets or incurring substantial costs should be disclosed along with the supplier details What other debts relating to business does the business have and who are the creditors?