Posts by Globenet Capital Group

What Happens If I Never Pay an Old Debt?

Maybe you can’t pay. Or maybe you won’t pay. Either way you have an old debt hanging out there. What if you just decide to let it go, and do nothing about it? That’s what Credit.com reader Dave, who says he can’t afford to pay off the old debts he owes, asks: My credit card debt is roughly $12,000. I consulted a bankruptcy attorney. He said ...

All Pre-approval letters are not created equal

On the credit card commercial, the saying is “what’s in your wallet?” I ask, “what’s in your pre-approval letter?” Does it say too much or too little? Pre-approval letters are standard equipment for any buyer making an offer. Any seller will ask for proof that you can get your loan. I get a lot of questions about pre-approval and pre-qualification. ...

Waning Mortgage Refinancings Make New Deals Safer, Moody’s Says

A trend of fewer homeowners refinancing their mortgages as interest rates climb is helping to curb sales of home-loan bonds without government backing. It’s also making new notes being issued safer, according to Moody’s Investors Service. Mortgages used to buy homes historically default less than replacement loans, partly because of the greater ...

Purchasing A Home Can Be Easy Even With BK, Foreclosure, Or Short Sale

The All In One Financing You Need To Renovate Your Home

What You Need to Know About Student Loan Forgiveness

Many students are overwhelmed by loan repayments. There are many jobs however that may qualify them for loan forgiveness programs. This article in USA Today explores the jobs, and the programs, available to students for help paying off those higher education loans: Student loan forgiveness: What you don’t know (but should) The Consumer Financial ...

Real Estate Investments Are Still Out There

According to this video on CNBC, there are real estate investments available across the country. Many development projects that were started and then lost funding are ripe for the picking at a fraction of the cost you may think. At Globenet Capital Group we have a knowledge, friendly team of experts waiting to help you with any and all of your real ...

How Lines of Credit Work and How to Apply for Them

Life happens, good and bad. Financial needs arise, as well. Maybe you need to do some renovations on your home? Maybe your daughter is accepted to an Ivy League school and you need some help with filling in the financial gap? Maybe you have long-term medical costs that are not completely covered by your insurance? Whatever the reason, sometimes you ...

How to Quickly Get Hard Money or Private Money for Any Loans

Hard Money is a term that is used almost exclusively in the United States and Canada where these types of loans are most common. In commercial real estate, hard money developed as an alternative “last resort” for property owners seeking capital against the value of their holdings. A hard money loan is a specific type of asset-based loan ...

Gas Station, truck Stop and Convenience Store Loans on the Go!

Have you ever thought of owning a gas station or convenience store? Sounds interesting and a little exciting, right? We agree. While being approved for a loan on one of these types of business is a little more tricky than qualifying for a conventional loan, it’s not impossible. Generally, banks do not like to deal with loans for gas station, truck ...
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