March 1, 2013 - Here’s a question for you: when was the last time you paid cash for a home or new car? If you’re like 99% of us, then the answer is “never.” Some purchases simply require too large of a capital outlay for most people to complete without some sort of financing arrangement.
Banks, credit unions, and other lenders usually fill this role, and in most cases it works out to the benefit of all parties involved. The buyer gets shelter and transportation, the builder gets a sale, and the financier pockets an ROI over time through the interest it charges for the use of its money. read more>>>