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Benefits And Drawbacks Of Getting Loans

Another load which is common to most of us is the credit cards. Application process for credit cards is fast but the interest rates can be high. Home equity loans are commonly known as mortgages.

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A probate loan is sometimes known as an inheritance loan which someone borrow against real estate assets which the person has not yet has access to. Pixabay

In today’s world, money plays a very important part especially when we need it to get things done. Not everyone is rich with loads of ready cash at hand. In order to have access to the amount of money needed, there are various loans in the market made available to the people in need.

 

These days, we need loans to buy a house, a car, a loan to further our studies, and a personal loan to get through the month such as paying some outstanding bills. There are four types of common bank loans and they are personal loans, credit cards, home equity loans and the small business loans.

 

Personal loans are unsecured and low in value. Lenders usually need proof of assets equal or greater than the loan requested from consumer. The interest rates are generally higher and usually takes a few days to approve the loan.

house
These days, we need loans to buy a house, a car, a loan to further our studies, and a personal loan to get through the month such as paying some outstanding bills. Pixabay

 

Another load which is common to most of us is the credit cards. Application process for credit cards is fast but the interest rates can be high. Home equity loans are commonly known as mortgages. Interest rates for home equity loans are usually low. The interest rates for small business loans are flexible and the terms may vary in both value and length. Getting the approval of such loan may be difficult and the process is usually strict.

 

What happens if the application of a loan with the bank has been rejected? For those who are hard pressed for money, they usually look elsewhere such as private hard money lenders San Diego. These hard money lenders provides types of loans to real estate investors and property owners who are in need of quick and flexible funding options. Their interest rates and fees are usually competitive. Generally, hard money lenders charge high interest rates compared to the bank because they are providing loans which the bank would not provide.

A probate loan is sometimes known as an inheritance loan which someone borrow against real estate assets which the person has not yet has access to. A probate funding is a short term loan which can be an advance on your inheritance, or a loan using your inheritance as collateral. Before taking any loans e.g. probate loans, it is advisable to make sure that you understand the terms and conditions before applying for the loans.

new home
With a bridge loan, the borrower can buy a new home and wait for the existing home to be sold without restriction and at the same time, he or she could gain a few months free of payments. Pixabay

Another type of loan is the bridge loan. Bridge loans are temporary loans taken from bridge loan lenders to cover an interval between two transactions, usually the purchase of one house and the sale of another house. It is actually something like borrowing a down payment on the new home before they sell off their existing house. This might sound like an ideal solution but it has its risk. Before you decide to commit to a bridge loan, it is better to weigh the benefits and the drawbacks of a bridge loan.

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With a bridge loan, the borrower can buy a new home and wait for the existing home to be sold without restriction and at the same time, he or she could gain a few months free of payments. Bridge loans are usually more expensive than a home equity and the borrower must be able to quality to own two homes. Borrowers have to also consider the cost of two mortgages plus the interest for the bridge loan. 

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Likee Offers Creators Opportunity to Earn Money by Bringing New Users to Platform

In order to leverage this opportunity, the creators will have to share their exclusive "Invite Link" which they can find in the "Vlogger" section of the Likee platform

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Under the referral programme, a signed creator can earn up to $1 by bringing one new fan to the Likee platform, the social media app said on Saturday. Pixabay

In a bid to expand its user base, Likee, a short video platform from Singapore-based BIGO Technology, has launched a global referral programme including in India which offers the creators an opportunity to earn money by brining new users to the platform.

Under the referral programme, a signed creator can earn up to $1 by bringing one new fan to the Likee platform, the social media app said on Saturday.

In order to leverage this opportunity, the creators will have to share their exclusive “Invite Link” which they can find in the “Vlogger” section of the Likee platform.

Once the user has access to his/her “Invite Link”, he/she needs to share it with the audiences via social media platforms or emails.

Likee, Earn, Money
In a bid to expand its user base, Likee, a short video platform from Singapore-based BIGO Technology, has launched a global referral programme including in India which offers the creators an opportunity to earn money by brining new users to the platform. Pixabay

Creators will earn part amount once a new fan has signed up, Likee said.

Once the new fan starts to raise the level of activities resulting in improved user level, the invite gets further rewarded.

However, the reward amount will only be rolled out to the invitees for registrations done from new devices which have never installed the Likee app before.

With more number of unique devices signing up through a given Invite Link, the chances to earn a good amount of reward will expand exponentially.

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Likee is a simple to use short video creating and sharing mobile app that can help you combine your talent with special effects to create a high quality, high engagement video.

Founded in Singapore in 2014, BIGO owns Bigo Live — a global live streaming app, Likee — a global short video creation platform, imo — a global video communication app, and other social apps.

BIGO said it clocked over 400 million total average monthly active users on its various social apps in the first quarter of this year. (IANS)