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Author Archives: Michael Beyer


Myth 1: Buying A Home Is Always A Good Investment

Depending on your financial circumstances, needs and life choices, it may be better for you to rent rather than buy. Also, it used to be that property prices would mostly steadily increase so a homeowner would sell their house for a good profit. The crash of the housing market a few years ago evidences that this is not always the case. The housing market of today is quite different.

Also, even when the figures look good on paper, the real story may be different. Say a home purchased in the 70s for the price of $50,000 and sold in 2005 for $300,000 which adds up to what appears to be a $250,000 profit.  Although there was a 500% increase in price, it does not factor in a number of factors related to the cost of owning a home.

For instance, based on the price, the annual compound return is just 6.15% annually. Inflation was not also factored in. It reduces the returns to an approximate actual return. There is also mortgage interest, homeowners insurance, taxes and the cost of maintenance and repairs incurred from when the house was bought up to the time it was sold.

In the final analysis, what looks like a sweet deal may actually have been a loss. It does not always work out this way but it is important to understand the figures and understand that you will not necessarily be able to sell your house at a profit should you ever choose to do so.

Myth 2: You Will Always Get Added Tax Deduction For Your Mortgage Interest

Mortgage interest is deductible but it is not always wise for you to take the deduction. This is an individual matter and you should talk to your accountant or mortgage advisor before you decide. To accept the mortgage interest deduction, you have to itemize each deduction as compared to taking a standard deduction. Typically, standard deductions are higher than itemized deductions. It would therefore not make a lot of financial sense to choose to itemize your deductions.

Myth 3: Paying Down Your Mortgage As Fast As Possible Is Always Best

This advice became popular during the high interest rate 1980s. However, the advice may not have been ideal even at that time. Homeowners tend to focus on the interest rates and get into a panic. However, putting everything you get into paying into your mortgage may not be the best. There may be other uses for the money that would be more profitable.

For instance, you may choose to make long-term investments such as in stocks and bonds that would bring you some very good returns over the years. If you own a business, you can invest into expanding and diversifying it.

The important factor to consider is the rate of return. Work out which ones puts you in a better financial position in the long run: is it the saving you’ll make when you pay down the mortgage or the returns you would make from the investments that you make? Creating wealth is all about making your money work for you.

Bonus Myth: The Perfect Home

There is another myth that those buying a first home are especially susceptible to. It is the myth of the perfect house. With a first home, the focus should be on a home you can afford depending on your financial situation.

While there is nothing wrong with having the highest aspirations about the house that you buy, reality must reign. Otherwise, your mortgage applications will keep on getting turned down because lenders feel you cannot afford the payments or you will get yourself into a corner with a house that you can’t really afford.

If what you can afford is a smaller house, a fixer-upper or a home in a location that is different from what you wanted, take it. You can always remodel and renovate or wait for it to gain value and sell. There are renovation loans that lend buyers the money to buy the home and finance the necessary renovations.

What’s Right For You?

When it comes to mortgages especially buying your first home, the fact is that there is no black or white or hard and fast rules that work for everyone. It depends on your individual financial circumstances. Take the time to do thorough research into the options. Listen to your mortgage advisor or broker too and use a mortgage calculator to see both the small and the big picture.


Consumers are often overwhelmed by the quantity and variety of financial advice, coming from all corners of their lives.Protecting your assets and providing for your loved ones is an often ignored golden rule of smart personal finance.How you manage, spend, and invest your money can have a profound impact on your life.


Nothing is quite as miserable as realizing you have a financial emergency with no cash on hand and credit too poor to get you a loan. When you need help you can rely on, there are few options available that will work out as well as applying for a simple no credit check payday loan. These inexpensive short term loans are designed to help those with poor credit or difficult credit issues get the help they need right away without having to worry about looking good on paper.

Get A Cash Advance With No Credit Check

There is no reason that bad credit or no credit should keep you from getting the money you need when you need it if you have steady work and a way to pay off your short term loan. No credit check cash advance loans can make sure you get money right away to handle the problem you’re facing while you wait for your next pay period. While some cash advance locations may require credit checks for new customers, there are many more out there ready to work with those who don’t want their credit history accessed.

Choosing to get your cash advance somewhere where your credit isn’t checked has a few other advantages as well. When you take out a loan that is reported to your credit, it’s counted against the maximum amount of money people will allow you to borrow. Using a no credit check loan cash advance site can help you avoid having small short term loans count against your overall borrowing profile, which will allow for a better history when you do want to borrow more money at a later time.

What Makes Easy Payday Loans No Credit Check:

• Simple Online Application

The best cash advance loans no credit check offers should come with a simple online application that you can fill out in a few minutes. Look for clear requirements that you know you meet and a straightforward policy on who gets accepted and who gets declined. With a simple application you can understand right away, getting the process of applying for an advance is much easier to handle.

• Don’t Fax

Faxing can add an unnecessary pile of time requirements to your request for money and take you out of the house when you really just want to handle everything in one place. Look for faxless no credit check payday loans to avoid the hassle of dealing with faxed documentation that makes getting approved so much hassle you might as well be going to a store. There are quite a few payday loan sites that don’t require faxing, so finding this options shouldn’t be difficult.

• Same Day Service

Make sure there are promises on site about your application being approved either instantly or within the hour, and money being delivered to you in as little as a few hours. Getting a cash advance no credit checks required should not mean waiting for your money when you need it right now. Most good lenders should offer an option for same day loan delivery.

Why Make Sure Your Cash Advance Without Credit Check Is Easy?

When you need money for something like a late utility or a car issue, you really don’t have time to jump through a bunch of unnecessary hoops in order to get it. While every situation that requires a cash advance may not need service to be immediate, it makes sense to find an option that can deliver results quickly and with minimal hassle on your part to avoid aggravation and make sure you can get fast help when you do need it. There are more than enough no credit check payday loans lenders out there to make sure you get easy uncomplicated service the first time you ask for help that delivers your cash when you actually need it, and not several days later.

Choose Online Applications For Payday Loans With No Credit Checks

One of the first things you can insist upon to make sure you get good service when applying for a cash advance is an online interface with a simple and straightforward application process. Even companies that offer a payday loans no credit check option should be able to spell out requirements for getting a loan approval in advance and make the process of applying as easy as possible. There is no reason to waste your time on applications for a loan you aren’t sure you’ll get when you’re facing a financial emergency.

Look for a one page application that asks for pertinent home and identity information as well as numbers from things like your paycheck stubs and ID. Make sure the requirements for being accepted are spelled out in advance, and make sure the application comes with no obligation to take the loan you’re offered if you’re not happy with what you receive. A good no credit check payday loans company should be capable of providing you with everything you need to make a quick decision that is fully informed before you agree to anything.

Find No Credit Check No Fax Payday Loans

Faxing adds a secondary degree of hassle that makes it likely you’ll have an easier time simply going into a bad neighborhood and applying at whatever payday loan store you think has the smallest likelihood of getting you robbed on the way out. Online no credit check payday loans no faxing options can make sure you can get your money delivered where you want it without leaving your home at all. There is no reason to accept the hassle of faxing in documentation when you don’t need to.

Look for payday loans no faxing no credit checks advertised prominently on any site you are considering working with. While the majority of payday loan options won’t check your credit, finding choices that won’t fax as well can be a little bit harder. Read through the application requirements carefully to make sure there is no credit check no faxing payday loans specified in the fine print before you fill out the application. With all the information a cash advance website needs located in numbers on your documentation, there is no realistic reason they should be bothering you with the hassle of faxing in paperwork.

Get Payday Loans With No Credit Check Right Away

Getting a cash advance online frequently has the negative reputation associated with it of waiting forever to actually receive your money. This situation can be catastrophic if you needed your cash advance right away to pay a late bill or handle an emergency. Luckily, there are payday loans no credit check same day service options that will either deposit money directly into your bank account that day or send you cash through a wire service that will make it available at a local store in your area.

Look for a payday loans without credit check option that advertises quick approvals and same day cash. This can be one of the most difficult things to find when you are in a hurry looking for money, so make sure you check every site you come to for the payment options they offer and the time frame those options will deliver money in. This information should always be prominently offered either on the main page of the website or on a easy to find secondary page, since people asking for a short term loan online really do need to find out when the money will show up right away.

Payday Loans Without Credit Checks Can Help

When you find a reputable site offering payday loans no faxing no credit check and same day service, you know you’ll be able to get the money you need to handle your problem right away. With simple requirements and a straightforward application to receive your loan, there is no reason to pass on cash advance help when you need it. A payday loan with no credit check can get you money no matter how bad your credit may be to handle the kind of short term issues that banks won’t touch.


You are in a rush for a loan but in the heat of the moment do not go for one that does not suit your needs. If you need a no fax payday loan then please make sure that the loan does exactly what it says on the tin. If it does not you will find that you have wasted time completing the application form to find out that you need to fax in all sorts of documents to prove your earnings and who you say you are. Do your homework and you will not have to waste this time.

Wonga Short-Term Loans, Lending Stream, Pay Day Express, QuickQuid, Speed-e-loans, One Month loan are loan companies that provide a fast, no fax payday loan service in the UK. Just what you need. Quick Quid has the cheapest deal for up to a 30-day loan period and Wonga has the lower price for a 15-day loan period.

Obviously, you know that to secure a no fax payday loan you will need to pass some lending criteria. The information you give when completing and submitting the application form online, securely of course, is used by the lenders to assess you. As a minimum they want you to be over the age of 18, a UK resident with a UK bank account and have some regular income. They also prefer it if your regular income is paid into the same bank account that has a debit card that is required to get such an advance. Also, as they are not asking you to fax in any paperwork they are likely to credit check you, and all will definitely ID check you.

Should you not manage to meet some or all of the above requirements then, of course, applying for a no fax payday loan may not be advisable. Some companies, however, will accept such applications but then you will need to provide further documentation in relation to it.

Upon receipt of your application, in most cases, when it comes to no fax payday loans the lender will generally inform you in a short space of time if the loan has been approved. If it has then normally in less than 24 hours of the application being processed and approved the funds will be deposited into your bank account. In some cases if the application for such loans is made before a certain time in the day then the funds may be deposited into your bank account on that very same day.

Receiving an advance on your pay is ideal to help meet unplanned financial commitments, but you do need to repay it on your next pay day so please make sure you can afford to do so. Failure to meet repayments can be very costly, not to mention all the hassle you have to go through.

As always, I hope what you have read has been informative for you and you can compare all no fax payday loans at our website (link provided for you just below) as well as all reputable payday lenders in the UK. You can also contact us by email on the ‘contact us’ page should you have any further questions. We would be delighted to help you out as much as we possibly can.

Author

Welcome to Camp New Debt Relief Hope, I am Michael Beyer. All about managing your income and your expenses, and saving and investing.

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