Prime Legacy Financial Consulting

7 Buying a home can be a tricky process, and mistakes in this process can follow you for the life of your loan. By avoiding the following mortgage mistakes, you can feel confident in making smart financial decisions during the buying process, leaving you better positioned for long-term financial security. 1. . Lenders are legally prevented from approving mortgages that are more than 35% of your household incom...e, but most financial advisors recommend mortgages that are no more than 28% of your income. 2. . Different lenders offer different rates, have different fee structures and run different promotions. By comparison shopping, you can save thousands over the life of your loan. 3. . One of the biggest factors in your approval for a mortgage loan is your credit score. You can get a free copy of your credit report from each credit bureau every year, so take the time to review your reports and correct any inaccuracies before shopping for your mortgage. 4. . Before you decide to pay off that old medical bill, trade in your car or close out a credit card, check with your finance company first. Some borrowers mistakenly think that closing out a credit card or paying off old bills will improve their credit, but in some cases, those intentional changes can hurt you. 5. ’ . Buying a home is not a solo activity. Building a strong team that advocates for you can mean the difference between a successful transition into your new home and several months of frustration and missed opportunities. 6. . According to Home Advisor, repairing a cracked foundation can cost $10,000 or more. You don’t want to be caught with major repairs or hidden damage, and home inspections are your insurance ticket to avoid major issues when buying a home. 7. . If you’re expecting that the downpayment will be the only expense at closing, you may be in for a huge disappointment. During the homebuying process, there are countless other expenses that may fall on you to cover at closing if they aren’t covered by the seller. That’s yet another reason to build a strong team that can negotiate some of these expenses for you. Prime Legacy Financial Consulting has been serving our community since 2014, helping hundreds of customers overcome financial obstacles and achieve their goals. https://www.primelegacy.org/ (714) 494 6867 #financialplanning #financialhealth #realtor #lender #mortgage #financialhelp #opportunity #goals #sba #smallbusiness #loans #businessloans #covid19 #growth See more

Whether you just graduated, are taking a break from school, or have already started repaying your student loans, these tips will help you keep your student loan debt under control. 1. It’s important to keep track of the lender, balance, and repayment status for each of your student loans. These details determine your options for loan repayment and forgiveness. ... 2. Different loans have different grace periods. A grace period is how long you can wait after leaving school before you have to make your first payment. 3. Whenever you move or change your phone number or email address, tell your lender right away. If your lender needs to contact you and your information isn’t current, it can end up costing you a bundle. 4. ’ If you’re having trouble making payments, remember that you have options for managing your federal student loans. There are legitimate ways to temporarily postpone your federal loan payments, such as deferments and forbearance. 5. Ignoring your student loans has serious consequences that can last a lifetime. Not paying can lead to delinquency and default. 6. If you can afford to pay more than your required monthly payment every time or now and then you can lower the amount of interest you have to pay over the life of the loan. 7. t If you’re considering paying off one or more of your loans ahead of schedule, start with the one that has the highest interest rate. 8. A consolidation loan combines multiple loans into one for a single monthly payment and one fixed interest rate. Be very wary of consolidating federal loans into a private student loan, as you’ll lose all the repayment options and borrower benefits that come with federal loans! 9. There are various programs that will forgive all or some of your federal student loans if you work in certain fields or for certain types of employers. Prime Legacy Financial Consulting has been serving our community since 2014, helping hundreds of customers overcome financial obstacles and achieve their goals. https://www.primelegacy.org/ (714) 494 6867 #financialplanning #financialhealth #realtor #lender #mortgage #financialhelp #opportunity #goals #sba #smallbusiness #loans #businessloans #covid19 #growth

At the simplest level, a business consultant helps people and companies succeed. They work with teams and individuals to minimize their weaknesses, accentuate their strengths and develop new skills. This can come in the form of a series of one-on-one executive coaching sessions, team offsite meetings or formal training programs. Business ...consultants need to be dispassionate umpires. Their job is to call balls and strikes as fairly as they see them. They speak the truth. Especially truth to power. - Consultants touch on almost every aspect in business. Leadership development. Communication skills. Time management. Delegation. Managing growth. Driving innovation. Strategic planning and implementation. Financials. Sales. Personnel. Succession planning. Mergers and acquisitions. Mission and vision statements. - A lot of work goes on behind the scenes. In addition to having a strong background in running businesses, a consultant must have a solid understanding of their client’s unique business model, too. Great consultants follow up in writing after every session with notes, recommendations and action items. Consultants work with people, so everything often starts at the human level. Assessments help the person better understand their behaviors, motivators, emotional intelligence and other key attributes. The assessment report usually provides eye-opening insights on how to work better with others. At the end of the day, business consultants are trusted advisers. They keep confidential information confidential. Consultants work through times of crisis at 6:30 AM, on weekends or while on vacation. They do everything they can to help their clients succeed. Prime Legacy Financial Consulting has been serving our community since 2014, helping hundreds of customers overcome financial obstacles and achieve their goals. https://www.primelegacy.org/ (714) 494 6867 #financialplanning #financialhealth #realtor #lender #mortgage #financialhelp #opportunity #goals #sba #smallbusiness #loans #businessloans #covid19 #growth See more

7 . When you apply for a mortgage, most lenders will want a standard package of materials. This almost always includes a month of recent pay stubs from any buyers who will be listed on the loan, as well as your most recent two years' worth of tax filings. . ... Most lenders use what's called the 28/36 rule. That means your monthly payment on your mortgage must be no more than 28% of your gross income, and your total revolving debt payments- including your potential mortgage, car loans, and any other monthly installment payments you make - must account for no more than 36% of your gross income. . ' There can be big variances from state to state and even region to region. In general, a real estate professional can help you understand the local lending standards and perhaps steer you away from certain types of properties. . One of the key factors in determining whether or not you will get approved for a loan and what rate you will pay is your credit score. It's important to know what your scores from the three major credit bureaus are, and you can get that information in a number of ways. . Lenders do not want you to have more than 36% of your gross income committed to revolving loans. One way to lower that ratio is paying off credit card debt, car loans, and any other loans you may have. . In nearly every case, a potential lender will want to see two years' worth of your federal taxes. They will also ask you to sign a release allowing them to verify the information with the Internal Revenue Service (IRS). . Even after you receive approval for a loan from a mortgage company, it will monitor your finances through the closing. Lenders will also look for cash purchases, because they want to see that your bank account reflects the numbers you showed them when applying. Prime Legacy Financial Consulting has been serving our community since 2014, helping hundreds of customers overcome financial obstacles and achieve their goals. https://www.primelegacy.org/ (714) 494 6867 #financialplanning #financialhealth #realtor #lender #mortgage #financialhelp #opportunity #goals #sba #smallbusiness #loans #businessloans #covid19 #growth See more

"Consultants are hired by companies in order to help them resolve a specific issue that they are facing. The fact that they bring specialist skills, a set of heterogeneous experiences and an objective outside view is what makes their services so popular." The video below will provide you with an insight of what's going on everyday at Prime Legacy Financial Consulting. Prime Legacy Financial Consulting has been serving our community since 2014, helping hundreds of cus...tomers overcome financial obstacles and achieve their goals. https://www.primelegacy.org/ (714) 494 6867 #financialplanning #financialhealth #realtor #lender #mortgage #financialhelp #opportunity #goals #sba #smallbusiness #loans #businessloans #covid19 #growth See more

With restaurants closing, there's no more dining out or going to a bar to be with friends. We have to cook for ourselves or order delivery or curbside pick-up. With movie theaters, stadiums and arenas closed, we aren't spending money on the entertainment we once took for granted. Below are some changes that you might want to try out for yourself. . Most people have decreased the number of times they d...ine outa few of them going from 3 to 4 times a week to 3 to 4 times a month. All in all, it's a big savings for a lot of people. . With less discretionary spending, some people have decided to use the extra dollars to pay down debt. It's a way for them to use their discretionary money for more productive purposes. . We want to make sure we're only buying the things we need, not everything we want. This is a time for all of us to choose our priorities very carefully. . You might've heard the term "cash is king." In these unsettled times, having cash on hand is helping many people feel comfortable. . Some people have decided to take online coursesnot only to spend their time more effectively but to land a new virtual position using their new-found knowledge. This is a great time to learn the things you've always wanted to. Prime Legacy Financial Consulting has been serving our community since 2014, helping hundreds of customers overcome financial obstacles and achieve their goals. https://www.primelegacy.org/ (714) 494 6867 #financialplanning #financialhealth #realtor #lender #mortgage #financialhelp #opportunity #goals #sba #smallbusiness #loans #businessloans #covid19 #growth

3 Ways COVID-19 May Reshape Company Culture Many workplaces are going hybrid due to the impact of the pandemic with some staffs and agents work on-site while others work from home. Here are 3 tips for achieving a balance, according to Magazine.Realtor. Provide Technical And Emotional Support Besides the help of technology, companies must also create a culture of mutual support. "You want to get people helping and looking out for each other," says Chuck Crumpton, C...EO of Medpoint LLC. "Not every Google Chat, call, or email has to be business-related." Embrace the "Family Feel" Work and family identities may be more co-mingled in a teleworking situation. "People are more relatable now. Colleagues and clients are sharing a screen with their kids or pets in the background," he says. "The blending of the personal and professional is liberating." More - and Better - Communication With office managers and agents in different locations, frequent communication promotes cohesiveness and keeps business moving. Videoconferencing improves responsiveness and collaboration. "That goodwill should carry forward when the pandemic recedes and beyond." Prime Legacy Financial Consulting has been serving our community since 2014, helping hundreds of customers overcome financial obstacles and achieve their goals. https://www.primelegacy.org/ (714) 494 6867 #financialplanning #financialhealth #realtor #lender #mortgage #financialhelp #opportunity #goals #sba #smallbusiness #loans #businessloans #covid19 #growth

"REAL ESTATE IS STILL ON FIRE [In May], there was a decline in sales by 3.7 percent in Houston. The reason is that real estate is a lagging indicator. It takes approximately 35 to 50 days for a transaction to come through the pipeline or to show the numbers. So if we’re looking at the month of May, numbers which are negative, that means the months of March and April, all those people who could not go out for the showing or could not go out for the transaction. Stay... ahead of the curve with the help from Prime Legacy Financial Consulting - we have been serving our community since 2014, helping hundreds of customers overcome financial obstacles and achieve their goals. https://www.primelegacy.org/ (714) 494 6867 #financialplanning #financialhealth #realtor #lender #mortgage #financialhelp #opportunity #goals #sba #smallbusiness #loans #businessloans #covid19 #growth

Another surprise that we have anticipated since last year! It will be a rocky road ahead for America. "Although there is no single driver for the weakness, it seems as if investors all of a sudden realized how overbought stocks are and sold. Someone yelled fire in a crowded theater and everyone left at once," said Ryan Detrick, chief market strategist for LPL Financial, in emailed comments. Prime Legacy Financial Consulting has been serving our community since 2014, he...lping hundreds of customers overcome financial obstacles and achieve their goals. https://www.primelegacy.org/ (714) 494 6867 #financialplanning #financialhealth #realtor #lender #mortgage #financialhelp #opportunity #goals #sba #smallbusiness #loans #businessloans #covid19 #growth See more

IMPROVE YOUR CHANCE TO QUALIFY FOR AN SBA LOAN If you’re looking for financing for your business, loans backed by the Small Business Administration (SBA) can be a good place to start. We’ll cover the basics you can take action on now to improve your chances of qualifying for funding through an SBA-approved lender. 1. Improve your personal credit scores ... According to the SBA website, even individuals with bad credit may qualify for funding. Having great credit scores, however, will significantly increase your chances of approval. 2. Establish credit scores for your business. SBA lenders want to know that your business can repay its debts, and do it on time. Your business credit may be part of this evaluation. In fact, the FICO LiquidCredit Small Business Scoring Service (FICO SBSS) is a business credit score used by the SBA to pre-screen applicants to its 7(a) loan program for loan amounts up to $350,000. 3. Make sure you meet the size standards for an SBA loan The SBA has accordingly developed a size standard which is generally calculated by your number of employees or how much your company makes annually based on which it decides if a business can be identified as a small business. 4. Invest what you can into your business. SBA lenders want to know that you’ve put money into your business, because it’s one of the strongest signs that you really believe in its potential. 5. Prepare or update your business financial statements. A lender will likely want to look at your profit and loss statement, or P&L, as well as your projected financial statements. 6. Make sure all owners have updated personal resumes. A bank or lender will likely want to see your business experience. For startups, they’re looking to see if you have experience in an industry or line of business that closely relates to the one your new business operates in. If none of the owners have experience in the field, consider involving someone that does. 7. Determine how you’ll use the loan. Will you be using the loan as working capital, or do you need it for a specific project such as purchasing fixed assets like equipment and supplies? Your lenders will want to see that you have an actual plan for the money you’re seeking. Prime Legacy Financial Consulting has helped hundreds of local business thrive since 2014 . Contact us for free consultation! https://www.primelegacy.org/ (714) 494 6867 #PrimeLegacy #BusinessConsulting #financialplanning #financialhealth #realtor #lender #mortgage #financialhelp #opportunity #goals

How To Find a Business Consultant Finding the right business consultant may be the most difficult part for the owner or management. It's important to find a consultant who has expertise in your industry or experience with the kinds of problems your business faces. Also, make sure they have solid referrals. Ensure the business consultant has any necessary certifications that are relevant to your industry. You should vet the consultant through their website and mater...ials. Look for professional images and well-documented information about their services. It's a good idea to request examples of past successes and to speak to those businesses. Prime Legacy Financial Consulting has helped hundreds of local business thrive since 2014 . Contact us for free consultation! https://www.primelegacy.org/ (714) 494 6867 #PrimeLegacy #BusinessConsulting #financialplanning #financialhealth #realtor #lender #mortgage #financialhelp #opportunity #goals

What You Need To Know Before Hire a Business Consultant Hiring a business consultant is costly enough without hiring the wrong one. There will be a time when you and your business will face the need for outside consulting and help. Consultants can provide solutions for a huge range of business issues. Different types of consultants bring different ideas to the table but you need to know when and why to use them. Prime Legacy Financial Consulting has helped hun...dreds of local business thrive since 2014 . Contact us for free consultation! https://www.primelegacy.org/ (714) 494 6867 #PrimeLegacy #BusinessConsulting #financialplanning #financialhealth #realtor #lender #mortgage #financialhelp #opportunity #goals See more

Our experts at Prime Legacy Financial Consulting are ready to assist your business with SBA funding, get in touch now! https://www.primelegacy.org/ Toll Free: (833) 700-3436 #PrimeLegacy #ConsultingService #financialplanning #financialhealth #SBALending #lender #mortgage #financialhelp #opportunity #goals

"For the first time in nearly half a century of tracking, 30-year fixed-rate mortgages averaged about 2.98 percent, according to Freddie Mac. And that’s with lenders being picky about their customers and particular about their requirements." Let the experts at Prime Legacy Consulting help you seize this opportunity. Prime Legacy Financial Consulting has helped hundreds of local business thrive since 2014 . Contact us for free consultation!... https://www.primelegacy.org/ (714) 494 6867 #PrimeLegacy #BusinessConsulting #financialplanning #financialhealth #realtor #lender #mortgage #financialhelp #opportunity #goals