A finance graduate is highly regarded in the market. It reflects in the salaries they get since they get very generous pay. They are considered to be the most intelligent as they deal in money.
Most financiers complete their undergraduate degrees and don’t do post-graduation. Usually, a bachelor’s degree is enough to get a high-paying job, as experience matters a lot in this sector.
Here are three jobs that are ideal for finance graduates:
1. Financial manager
As a financial manager, it is your job to scale its finances and monetary goals. In bigger enterprises, you have to do a strategic analysis of your company’s worth and grow it. A financial manager gets a starting salary of $87,436 in the US.
In smaller enterprises, you have to manage the account as well. Generally, you have to manage budgets, create financial reports, and develop financial contacts.
2. Chartered accountant
To become a chartered accountant, you need to get a Certified Public Accountant certificate along with a degree in finance.
The starting salary of a chartered accountant in the US is $91,299. Your job will involve giving financial advice, managing budgets and financial systems, and performing audits.
You grow quickly in a career in chartered accountancy and often get very generous pay.
3. Actuary
An actuary analyses the company and market risks and forecasts and manages future financial risks. The starting salary of an actuary in the US is $82,735. Along with a degree in finance, you also need a certificate from the Casualty Actuarial Society or the Society of Actuaries.
You need to create your strategies and tools to estimate the risk. It involves a lot of calculations and mathematics. As an actuary, you need to have excellent communication skills and have a strong business background.
If you are a finance graduate, these are the top job you should be applying for.
a person or group who usually gives small personal loans
charges high rates of interest
take high risk
play a significant role in lending money to those people with less access to banking activities
offers loans to people who are unbanked or under-banked
also provides loans to those in situations where borrowers do not have a good credit history
sometimes lends money to people like gamblers and compulsive shoppers who get into debt
Amidst so many lending services provided and various options available, the decision of borrowing money from money lenders becomes quite challenging. Extremely difficult and straining at times.
So, to make your task easier, faster, and more efficient, we have come up with this list of things that you should know before borrowing money from money lenders. This will not only make you well versed when it comes to money lenders, but it will also make you more aware.
Hard money loans are for those in serious need of funds or need cash urgently.
When one needs to make, the purchase happen quickly.
Hard money loans are the next best option for those who do not qualify for any other form of loan or financing.
Buying an investment property
Flipping houses
Many hard money lenders in the United States claim to be the fastest and provide loans with zero percent down payment. However, one has to be cautious in these situations. Everyone has to be cautious in these situations.
What is a Hard Money Loan?
As the name suggests, hard money loans indicate the distinctive and hard feature of the loan, that is, using a tangible asset to back the loan’s value. So, if the borrower defaults on the secured loan, the lender will take over ownership of those tangible assets, hence, recovering the losses.
The concept of Hard money will become more clear further.
How hard money loan is different from a traditional loan?
Traditional mortgage and hard money loans are alike in terms of a secured loan. Both are secured loans, which implies that both are guaranteed by the property used to purchase.
The approval process of hard money loans is generally less stringent and very fast than a traditional mortgage or other types of secured loans.
Traditional lenders waste your time with long approvals.
Hard Money Lenders provide hard money loans to borrowers with alternative lending circumstances or those who need fast money. Nonbanks and private lenders employ alternative underwriting guidelines to fulfill this group’s aim. These are different when compared to those used for prime mortgages in the following terms:
require less documentation than banks
less likely to ask for credit score, Bankruptcy history and Foreclosure history.
This means that borrowers with a less solid credit history will have an easier time being approved for hard money loans. This is because their financial background is not a factor in qualifying them.
Moneylenders depend on borrowers’ equity as collateral.
hard money lenders claim the property if a borrower defaults
they can even force a sale of the property to recover the funds lost on the loan
Benefits of Hard money mortgages for borrowers:
immediate access to funds
the approval process is quick
involves less hassle
easier approval
faster funding, that is, getting you the money you need when you need it.
faster turn around time
Fewer qualification requirements
Drawbacks of Hard money mortgages for borrowers:
shorter repayment terms
higher interest rates
a certain amount of risk
more upfront costs (such as closing costs)
higher origination fees
requires a larger down payment (like more than 30%)
borrower’s house secures the loan
Looking at all the positives and negatives of hard money loans, it is advised that if one’s financial background and minimum credit score qualify for other forms of financing, one should consider going for those better options. This wise decision will cost less money in the long term! A hard money loan might turn out to be a financial disaster.
However, one can go for it when there’s an urgent need for money.
All in all, hard money loans are comparatively more expensive due to the high risk that the lender takes by offering the loan.
What do Experts have to say?
“Also, unlike a traditional mortgage, the value in a hard money loan deal is factored into the underwriting much more than the borrower’s credit score,” says Shipwash.
“Hard money lenders, the term “hard money lender,” is used to describe the entity outside a traditional bank or credit union that leads to an individual or business. A hard money lender is similar to payday lenders offering personal loans or title pawn lenders, without much oversight or regulation to adhere to”, says Bruce Ailion, a real estate attorney and Realtor in Atlanta. “Lenders can charge what they want for the risk they take in making a loan,” Ailion says.
2) Each lender has its qualification criteria
Each lender has its qualification criteria concerning autopay and loyalty discounts.
(For example, some lenders require the borrower to elect Autopay before loan funding to qualify for the autopay discount).
All rates are determined by the Mortgage Lenders and must be agreed upon between the borrower and the borrower’s lender that is chosen.
3) Sole discretion
All credit decisions, including loan approval, if any, are solely determined by Lenders. Lenders will conduct a hard credit pull when the borrower applies. Hard credit will have an impact on the credit score.
4) Lowest rate
Interest rate is a percentage of the principal of the amount loaned. It is the amount a lender charges a borrower. The lowest rate advertised is not available for all loan sizes, types, or purposes.
5) Steps of Loan approval
Hard Money Loan Rates: How is the approval process set for any loan breaks down to the following:
the lender reviews all the background information
the lender determines if you can reasonably commit to make the necessary payments.
In the case of a hard money loan, the lender does not dig into your financial background
A personal loan is a loan whose money is lent through a financial institution like a bank or an online lender, or marketplace.
This can be used to pay down credit cards, consolidate debt or cover a wide range of other expenses.
Personal loans have fixed monthly payments for a set period.
How is a personal loan different than a credit card?
Credit cards come with credit limits, introductory rates, or revolving balances. But, personal loans involve a fixed rate and payment that the borrower chooses upfront. Also, no additional interest will be added to the borrower’s loan once the borrower locks in.
Fee on personal loans
Fees on a personal loan include a variety of things like application costs, underwriting, funding and other associated administrative services.
The fee amount can vary from a money lender to a money lender. Also, it should be noted that an origination fee is generally deducted from the loan proceeds before the borrower gets the required funds in the bank account. This is usually between 1% and 8% of the loan amount.
For example, if one borrows $15,000 with a 5% origination fee, $750 would go to the fee, and one’d receive $14,250. If the lender one chooses charged an origination fee, be sure to consider it when choosing the loan amount — otherwise, one could end up with less money.
Plus point about personal loans:
The good news is that a personal loan can positively impact one’s credit by showing a history of on-time payments and reducing one’s total debt.
(as long as one doesn’t add a new debt, like increased credit card balances)
How Much Can You Borrow?
How do money lenders determine how much people can borrow?
Determining Factors:
the credit score
possible collateral
already-existing financial relationship with you.
7) Credit approval
Loans are subject to credit approval and sufficient investor commitment.
Various Credit:
Excellent credit
Good credit
Fair credit
Bad credit
No credit history Secured credit cards
A minimum credit score is needed to be on the safer side.
To qualify for an equity loan, the moneylender looks for the borrower with enough equity in their home: equity is the difference between what your home is worth and what you owe on your mortgage.
If you are in a situation where you don’t have a good credit rating, then getting loan approval, that too, a traditional loan, is next to impossible. However, when applying for a hard money loan, you are dealing with an individual or a group of lenders.
You will not be borrowing from the traditional bank anymore. Thus, there is no need to provide the money lender with a lot of information to approve the loan. They are not concerned with what credit score you have. They are just interested in taking high-interest rates, as long as you pay them on time.
8) Soft credit inquiry VS Hard credit inquiry
Checking one’s loan rate generates a soft credit inquiry on one’s credit report, visible only to that person. A hard credit inquiry, which is visible to the person and others and may affect one’s credit score, only appears on one’s credit report if and when a loan is issued to that person.
The loan APR will depend upon one’s credit score and other key financing characteristics, including but not limited to the amount financed, loan term length, and one’s credit usage and history.
Also, note that some companies may call themselves private lenders simply because they are privately owned. Like hard money lenders, you can also find them on the internet. Companies can close deals on various property types at competitive interest rates in the 48 states. Terms may vary from state to state.
The main point to keep in mind about a down payment is as follows:
up-front payment
initial partial payment
payment is made for the purchase of expensive products &/or services such as car, bike or a house
generally paid in cash or equivalent like a personal check, cashier’s check, credit card, or electronic payment
the remaining payment for the purchase of that expensive product or service is made with the loan amount.
reduces the amount of money you will have to borrow
the more you pay for the down payment, the lesser amount of the loan and lower the interest rate
10) Personal finance
Personal finance is the management of your own or your family’s finance. It includes saving moving, family loans, accounts, expenses, donations, tax, asset and liability handling, retirement planning, insurance, banking, budgeting, investing, estate planning and a lot more.
avoid taking loans as much as possible. A loan should always be the last option
spend less: there’s a hell of a lot of difference between getting wealthy and staying wealthy
invest wisely and compound your money
learn financial literacy: read!
the rich don’t work for money; money works for them
mind your finances and your own family’s
Know the history of taxes and the power of corporations
Don’t lose your mind: learn, observe, grow
know the difference between luck and risk
wealth is what you, by any chance, don’t see
Excellent books to read on personal finance:
the psychology of money by Morgan Housel
Rich dad poor dad by Robert T. Kiyosaki
Think and grow rich by Napoleon Hill
the little book of common sense investing by John C. Bogle
11) How to protect from scams?
Scammers often try to collect personal and financial information from consumers by pretending to be an employee or employees of philanthropic organizations, financial services companies, banks, private money lenders, or online lenders.
But one needs to be very cautious about providing personal information because this is very sensitive information, and its misuse or mishandling can cause great trouble in future.
There can be cases of Unsuccessful payment fees also.
What to do if you feel that the lender is doing something illegal or wrong?
Simple answer: Complaint! As soon as possible, without wasting any time.
risks that can be as high as in similar, other investment instruments like Mutual Fund, FD and Debentures.
the risk is diversified through very low amounts of lent
it does not affect portfolio returns
How did online money lenders come into the picture?
the covid – 19 pandemic brought in a new era of digital transactions
people don’t fear transacting online anymore
. During the pandemic, people have been relying on each other for emergency and unplanned expenses
And that is when digital transactions and online money lenders saw a boost!
Online money lenders are smart millennials who don’t have any complex rule books but have gadgets like smartphones and laptops.
What about Auto loans?
An auto loan has collateral, which means the vehicle’s value is the security for the money lender and that the money lender has protection against default. In other words, the money lender can seize the underlying asset, which means the money lender can take your vehicle.
One of the significant differences between auto loans and other consumer loans is that an auto loan is a secured loan that has to be used to purchase a vehicle.
On the other hand, other personal loans can be used to purchase almost anything in this world and are not that secure.
This is why interest rates on auto loans are generally lower than personal loans. This is because the lender is taking less risk, as they can seize the vehicle to recover the unpaid loan if the situation demands so.
The loans on cars are also fixed period loans. They are paid back over a specific period, for example, one, two, three, four or five years. Several consumer loans also have you (the borrower) choose a particular time of payback period.
In olden times, when wishing still did some good, there lived a king whose daughters were all beautiful, but the youngest was so beautiful that the sun itself, who, indeed, has seen so much, marveled every time it shone upon her face. In the vicinity of the king’s castle there was a large, dark forest, and in this forest, beneath an old linden tree, there was a well. In the heat of the day the princess would go out into the forest and sit on the edge of the cool well. To pass the time she would take a golden ball, throw it into the air, and then catch it. It was her favorite plaything.
Now one day it happened that the princess’s golden ball did not fall into her hands, that she held up high, but instead it fell to the ground and rolled right into the water. The princess followed it with her eyes, but the ball disappeared, and the well was so deep that she could not see its bottom. Then she began to cry. She cried louder and louder, and she could not console herself.
So until next time, try to enjoy the daylight
Man lives in the sunlit world of what he believes to be reality. But, there is, unseen by most, an underworld, a place that is just as real, but not as brightly lit… a darkside. The darkside is always there, waiting for us to enter, waiting to enter us. So until next time, try to enjoy the daylight. But when he fell down, he was not a frog, but a prince with beautiful friendly eyes. And he was now, according to her father’s will, her dear companion and husband. He told her how he had been enchanted by a wicked witch, and that she alone could have rescued him from the well, and that tomorrow they would go together to his kingdom. Then they fell asleep.
Moore’s law is the observation that the number of transistors in a dense integrated circuit (IC) doubles about every two years. Moore’s law is an observation and projection of a historical trend. Rather than a law of physics, it is an empirical relationship linked to gains from experience in production.
Wikipedia
“Be still and stop crying,” answered the frog. I can help you, but what will you give me if I bring back your plaything?” Whatever you want, dear frog,” she said, “my clothes, my pearls and precious stones, and even the golden crown that I am wearing.
Billy has been granted the power by the Immortals to summon awesome forces at
As she was thus lamenting, someone called out to her, “What is the matter with you, princess? Your crying would turn a stone to pity.” She looked around to see where the voice was coming from and saw a frog, who had stuck his thick, ugly head out of the water. “Oh, it’s you, old water-splasher,” she said. “I am crying because my golden ball has fallen into the well.”
The next morning, just as the sun was waking them, a carriage pulled up, drawn by eight horses. They had white ostrich feathers on their heads and were outfitted with chains of gold. At the rear stood the young king’s servant, faithful Heinrich. Faithful Heinrich had been so saddened by his master’s transformation into a frog that he had had to place three iron bands around his heart to keep it from bursting in grief and sorrow. The carriage was to take the king back to his kingdom. Faithful Heinrich lifted them both inside and took his place at the rear. He was filled with joy over the redemption. After they had gone a short distance, the prince heard a crack from behind, as though something had broken.
Steve Austin: Astronaut. A man barely alive. Gentlemen… we can rebuild him. We have the technology. We have the capability to make the world’s first bionic man. Steve Austin will be that man. Better than he was before. Better. Stronger. Faster.
They’re creepy and they’re kooky, mysterious and spooky. They’re all together ooky, the Addams Family. Their house is a museum where people come to see ’em. They really are a scream, the Addams Family. Neat. Sweet. Petite. So get a witches shawl on, a broomstick you can crawl on. We’re gonna pay a call on the Addams Family.
In olden times, when wishing still did some good, there lived a king whose daughters were all beautiful, but the youngest was so beautiful that the sun itself, who, indeed, has seen so much, marveled every time it shone upon her face. In the vicinity of the king’s castle there was a large, dark forest, and in this forest, beneath an old linden tree, there was a well. In the heat of the day the princess would go out into the forest and sit on the edge of the cool well. To pass the time she would take a golden ball, throw it into the air, and then catch it. It was her favorite plaything.
Now one day it happened that the princess’s golden ball did not fall into her hands, that she held up high, but instead it fell to the ground and rolled right into the water. The princess followed it with her eyes, but the ball disappeared, and the well was so deep that she could not see its bottom. Then she began to cry. She cried louder and louder, and she could not console herself.
So until next time, try to enjoy the daylight
Man lives in the sunlit world of what he believes to be reality. But, there is, unseen by most, an underworld, a place that is just as real, but not as brightly lit… a darkside. The darkside is always there, waiting for us to enter, waiting to enter us. So until next time, try to enjoy the daylight. But when he fell down, he was not a frog, but a prince with beautiful friendly eyes. And he was now, according to her father’s will, her dear companion and husband. He told her how he had been enchanted by a wicked witch, and that she alone could have rescued him from the well, and that tomorrow they would go together to his kingdom. Then they fell asleep.
Moore’s law is the observation that the number of transistors in a dense integrated circuit (IC) doubles about every two years. Moore’s law is an observation and projection of a historical trend. Rather than a law of physics, it is an empirical relationship linked to gains from experience in production.
Wikipedia
“Be still and stop crying,” answered the frog. I can help you, but what will you give me if I bring back your plaything?” Whatever you want, dear frog,” she said, “my clothes, my pearls and precious stones, and even the golden crown that I am wearing.
Billy has been granted the power by the Immortals to summon awesome forces at
As she was thus lamenting, someone called out to her, “What is the matter with you, princess? Your crying would turn a stone to pity.” She looked around to see where the voice was coming from and saw a frog, who had stuck his thick, ugly head out of the water. “Oh, it’s you, old water-splasher,” she said. “I am crying because my golden ball has fallen into the well.”
The next morning, just as the sun was waking them, a carriage pulled up, drawn by eight horses. They had white ostrich feathers on their heads and were outfitted with chains of gold. At the rear stood the young king’s servant, faithful Heinrich. Faithful Heinrich had been so saddened by his master’s transformation into a frog that he had had to place three iron bands around his heart to keep it from bursting in grief and sorrow. The carriage was to take the king back to his kingdom. Faithful Heinrich lifted them both inside and took his place at the rear. He was filled with joy over the redemption. After they had gone a short distance, the prince heard a crack from behind, as though something had broken.
Steve Austin: Astronaut. A man barely alive. Gentlemen… we can rebuild him. We have the technology. We have the capability to make the world’s first bionic man. Steve Austin will be that man. Better than he was before. Better. Stronger. Faster.
They’re creepy and they’re kooky, mysterious and spooky. They’re all together ooky, the Addams Family. Their house is a museum where people come to see ’em. They really are a scream, the Addams Family. Neat. Sweet. Petite. So get a witches shawl on, a broomstick you can crawl on. We’re gonna pay a call on the Addams Family.
In olden times, when wishing still did some good, there lived a king whose daughters were all beautiful, but the youngest was so beautiful that the sun itself, who, indeed, has seen so much, marveled every time it shone upon her face. In the vicinity of the king’s castle there was a large, dark forest, and in this forest, beneath an old linden tree, there was a well. In the heat of the day the princess would go out into the forest and sit on the edge of the cool well. To pass the time she would take a golden ball, throw it into the air, and then catch it. It was her favorite plaything.
Now one day it happened that the princess’s golden ball did not fall into her hands, that she held up high, but instead it fell to the ground and rolled right into the water. The princess followed it with her eyes, but the ball disappeared, and the well was so deep that she could not see its bottom. Then she began to cry. She cried louder and louder, and she could not console herself.
So until next time, try to enjoy the daylight
Man lives in the sunlit world of what he believes to be reality. But, there is, unseen by most, an underworld, a place that is just as real, but not as brightly lit… a darkside. The darkside is always there, waiting for us to enter, waiting to enter us. So until next time, try to enjoy the daylight. But when he fell down, he was not a frog, but a prince with beautiful friendly eyes. And he was now, according to her father’s will, her dear companion and husband. He told her how he had been enchanted by a wicked witch, and that she alone could have rescued him from the well, and that tomorrow they would go together to his kingdom. Then they fell asleep.
Moore’s law is the observation that the number of transistors in a dense integrated circuit (IC) doubles about every two years. Moore’s law is an observation and projection of a historical trend. Rather than a law of physics, it is an empirical relationship linked to gains from experience in production.
Wikipedia
“Be still and stop crying,” answered the frog. I can help you, but what will you give me if I bring back your plaything?” Whatever you want, dear frog,” she said, “my clothes, my pearls and precious stones, and even the golden crown that I am wearing.
Billy has been granted the power by the Immortals to summon awesome forces at
As she was thus lamenting, someone called out to her, “What is the matter with you, princess? Your crying would turn a stone to pity.” She looked around to see where the voice was coming from and saw a frog, who had stuck his thick, ugly head out of the water. “Oh, it’s you, old water-splasher,” she said. “I am crying because my golden ball has fallen into the well.”
The next morning, just as the sun was waking them, a carriage pulled up, drawn by eight horses. They had white ostrich feathers on their heads and were outfitted with chains of gold. At the rear stood the young king’s servant, faithful Heinrich. Faithful Heinrich had been so saddened by his master’s transformation into a frog that he had had to place three iron bands around his heart to keep it from bursting in grief and sorrow. The carriage was to take the king back to his kingdom. Faithful Heinrich lifted them both inside and took his place at the rear. He was filled with joy over the redemption. After they had gone a short distance, the prince heard a crack from behind, as though something had broken.
Steve Austin: Astronaut. A man barely alive. Gentlemen… we can rebuild him. We have the technology. We have the capability to make the world’s first bionic man. Steve Austin will be that man. Better than he was before. Better. Stronger. Faster.
They’re creepy and they’re kooky, mysterious and spooky. They’re all together ooky, the Addams Family. Their house is a museum where people come to see ’em. They really are a scream, the Addams Family. Neat. Sweet. Petite. So get a witches shawl on, a broomstick you can crawl on. We’re gonna pay a call on the Addams Family.
In olden times, when wishing still did some good, there lived a king whose daughters were all beautiful, but the youngest was so beautiful that the sun itself, who, indeed, has seen so much, marveled every time it shone upon her face. In the vicinity of the king’s castle there was a large, dark forest, and in this forest, beneath an old linden tree, there was a well. In the heat of the day the princess would go out into the forest and sit on the edge of the cool well. To pass the time she would take a golden ball, throw it into the air, and then catch it. It was her favorite plaything.
Now one day it happened that the princess’s golden ball did not fall into her hands, that she held up high, but instead it fell to the ground and rolled right into the water. The princess followed it with her eyes, but the ball disappeared, and the well was so deep that she could not see its bottom. Then she began to cry. She cried louder and louder, and she could not console herself.
So until next time, try to enjoy the daylight
Man lives in the sunlit world of what he believes to be reality. But, there is, unseen by most, an underworld, a place that is just as real, but not as brightly lit… a darkside. The darkside is always there, waiting for us to enter, waiting to enter us. So until next time, try to enjoy the daylight. But when he fell down, he was not a frog, but a prince with beautiful friendly eyes. And he was now, according to her father’s will, her dear companion and husband. He told her how he had been enchanted by a wicked witch, and that she alone could have rescued him from the well, and that tomorrow they would go together to his kingdom. Then they fell asleep.
Moore’s law is the observation that the number of transistors in a dense integrated circuit (IC) doubles about every two years. Moore’s law is an observation and projection of a historical trend. Rather than a law of physics, it is an empirical relationship linked to gains from experience in production.
Wikipedia
“Be still and stop crying,” answered the frog. I can help you, but what will you give me if I bring back your plaything?” Whatever you want, dear frog,” she said, “my clothes, my pearls and precious stones, and even the golden crown that I am wearing.
Billy has been granted the power by the Immortals to summon awesome forces at
As she was thus lamenting, someone called out to her, “What is the matter with you, princess? Your crying would turn a stone to pity.” She looked around to see where the voice was coming from and saw a frog, who had stuck his thick, ugly head out of the water. “Oh, it’s you, old water-splasher,” she said. “I am crying because my golden ball has fallen into the well.”
The next morning, just as the sun was waking them, a carriage pulled up, drawn by eight horses. They had white ostrich feathers on their heads and were outfitted with chains of gold. At the rear stood the young king’s servant, faithful Heinrich. Faithful Heinrich had been so saddened by his master’s transformation into a frog that he had had to place three iron bands around his heart to keep it from bursting in grief and sorrow. The carriage was to take the king back to his kingdom. Faithful Heinrich lifted them both inside and took his place at the rear. He was filled with joy over the redemption. After they had gone a short distance, the prince heard a crack from behind, as though something had broken.
Steve Austin: Astronaut. A man barely alive. Gentlemen… we can rebuild him. We have the technology. We have the capability to make the world’s first bionic man. Steve Austin will be that man. Better than he was before. Better. Stronger. Faster.
They’re creepy and they’re kooky, mysterious and spooky. They’re all together ooky, the Addams Family. Their house is a museum where people come to see ’em. They really are a scream, the Addams Family. Neat. Sweet. Petite. So get a witches shawl on, a broomstick you can crawl on. We’re gonna pay a call on the Addams Family.
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