Loan Collection of learning

Loan collection

         Hello guys in this blog I will show you some of my experience and knowledge using loan in different application or company. 
          First obviously I want to post the link of the list on how will it be going to benefits the loan in your life using my YouTube link playlist.

https://youtube.com/playlist?list=PLtZ82QYtYvnH_VtP5WljgOt8LqHDzfh6f

You can also open the most popular of them all which is the gcash loan, Although a lot of things change since then that is why I recommend you to do your own research for now, while I still preparing the newest video of that vlog loan. You can also watch freely the other company app for other references.

      

                    There is also a collection of my new video which containing helpful tips about a lot of things in a playlist you can try to visit it in this link https://youtube.com/playlist?list=PLmL_EtDDLr-hhHMLocEZ60MW9_WsV9BkA and the other one is here https://youtube.com/playlist?list=PLmL_EtDDLr-i1qDqSJSWvPLYgTcT4rkbv

             That's it guys for now I hope that this will help you as well as give you the idea in which one of the  Loan application will benefits you the most.

Forex investment lesson

                      I just want to share some of my forex experience here, feel free to watch this playlist to gain some of the experience that I had in my forex journey. 

https://m.youtube.com/playlist?list=PLtZ82QYtYvnGQwuhbtH_6bomjJmDpjm-l

                Disclaimer there is no guarantee that all of the trade that I do will go on just as plan just remember guy that trading is a guessing investment game that you need to figure out using technical analysis to higher your odds of winning. With the right discipline of a true trading investor and mindset will makes you a winner in the long run, Good luck.

The Few Mistakes in Mortgage Lending

        Hi, guys Onesiphoro here. In this blog, I'm going to share with you my knowledge
about some of the mistakes in mortgage lending that people are making when they're. 
applying for a loan. Without further ado, let's get right into it. 

      I know you see all these loan commercials. It's funny when I get the primer, one-sheeters on the list of things NOT to do. One of them is like, "Don't go and buy a boat". Don't buy a new car. I'm thinking to myself, nobody in the history of loans has ever gone under contract and then bought a boat the day after. I'm sure it has happened. But it obviously is not the number one mistake people are making when they're trying to buy a home. What is the number one thing people are doing, that they shouldn't be doing when they're applying for a loan with you guys? It's simple, it's before you even get to contract. It's just waiting until the last minute to get pre-approved. We understand circumstances sometimes that's just how it is. The big thing is, after meeting your agent, talking about price ranges and goals, the big this is, after meeting you agent, talking about price ranges and goals, the next step, it can't hurt to just reach out to a lender or two or three and start identifying what you can actually qualify for. That's the best thing. The earlier the better main reason is that it allows time to find any potential pitfalls that can come back in the underwriting process a week before closing. Last-minute surprises are the worst.

Nobody wants that. Getting pre-approved early is always better, It allows time to figure out if there are only extra hoops to jump through. That just gives you better peace of mind. When you're out with your agent. Definitively what you can and can't qualify for. In addition, we always like to provide you with estimates on homes that you're going to go see so when you're looking at them, the wheels are turning. What are my payments going to be like?

      There's a ton of benefits to getting preapproved early, rather than waiting for the last 
minute. And it is beneficial from the very beginning all the way to settlement. I will make your transaction much more transparent. seamless, and less stressful. it takes a village. And it just helps when everything is lined up. You can look online at how to apply for a mortgage, what pitfalls to avoid, how to do this, how to do that. At the end of the day, actually going out, going on your lender's website, and getting preapproved. You know when I'm working with buyers, I always as two very important questions. Number one: are you already working with a real estate agent. Very important. I've not asked that in the past and it's come back to bite me, believe it or not. Well, it's very easy to believe actually. And number two, are you pre-approved with a local lender? If you are looking for homes and you are not pre-qualified, you are not a serious buyer.

        you are wasting your time. You might say"well, I'll just get a letter once I write a contract, it's fine".Well, my buyers already have that letter and they will beat you to the punch and get their offer in before you. Nobody likes to get bad news. You don't want to waste your time falling in love with something that you ultimately don't qualify for. I find that our clients 99% of the time are pre-approved early just makes your guy's time much more efficient and you know what you can qualify for. All of your processes are so streamlined just to a T that if you do them, you will get qualified, you will have your letter. The reason you screw up is you go off astray, you don't return calls, you don't return emails. We're a referral-based company so communication is key. Delivery, setting expectations, and obviously meeting those expectations. Pre-approvals we can do in as little as 24-hours and especially in this market. Springtime, summertime. that's what it takes. Speed kills. That's how I like to operate. And communication with you and your agent so we can all move quickly. That's it guys I hope you lean a lot thanks for reading this blog see you on my next blog, God Willing.

Forex GBPCHF 12/29/2020 Trading Plan

Forex GBPCHF 12/29/2020 Trading Plan

          Hi, Guys Onesiphoro here. In this blog, I will share with you my experience and
trading plan to GBPCHF on the day of 12/29/2020, so without further ado lets get right
into it.

                                                             The weekly chart, we can see that it going to short but since there
is no sign yet though the formation of candlestick tells it I guess it's worth trying
at the formation of candlestick tells it I guess it's worth trying at least with proper
risk management of 1 percent of total capital I think it's management of 1 percent
 of total capital I think it's worth it. 

           

     
                                                This 1 hour chart tells that the trend will going short until it hit support and it will 
return to resistance just like what happen in its previous days.

    This Hour Chart is
 Ocasionally required
 if you want to find a
  better momentus of
 starting your trade in
 every currency of your
 choice because it was
 detailed though not
 accurate as the daily
 chart but still we can
use it. Aside from that it was Ocasionally use for daily traider since it was accurate compare
to shorter time frame. That's it for today I hope that you learn a lotsee you in my next Blog
God Willing.

Forex EURNZD 12/29/2020 Trading Plan

 Forex EURNZD 12/29/2020 Trading Plan

          Hey, Guys Onesiphoro here Content creator of Onesiphoro blogger.com in this
blog I will share with you guys how I trade in EURNZD 12/29/2020 in Forex. Without
further ado let's get right into it.

                                    The chart from the weekly chart shows that the trend will go long and it seems to
be going to hit the resistance trend line that I put. The advantage of the weekly chart
as well is it was second from the most stable chart and usually it was use by swing
traider.

                                        In this chart it tells us that its going short but not certainly sure if it going
to continue because the formation of the candle stick tells that it going to long 
and the main reason why short occcuring because of retracement, a strategy
use by the bank.

Last but not the list the per hour chart, In this chart it tells the close story about what happen in Forex in much detailed manner compare to the other time frame. 1 hour chart is also use by daily chart. That's it for today I hope that you've learn a lot from this blog, see you soon God willing on my next blog.

Forex AUDCHF 12/29/2020 Trading Plan

Forex AUDCHF 12/29/2020 Trading Plan

           Hey Guys Onesiphoro here content creator of Onesiphoro Blogger.com. In this
blog, I will show share with you my experience of trading the currency of AUDCHF
12/29/2020 in FOREX, so without further ado let's get right into it. 

                                            In this chart, we can clearly see that the trade is going short though I don't
have a clue where this trend will going too yet because I still need another 1 week
to figure it out because this is a weekly chart. What I'm going to do here is not a weekly
trade that is why I only need to see the weekly chart to find out where the trend will go
either it's going to bullish or bearish. 

         

   This was the
main chart I prefer
 to look at and
analyze over other
time frames because
1hr time frame is
stable not volatile
compare to the other
 lower time frame-like
a 15minutes chart 30
minutes chart and 10minutes, although you can still use those time frames for scalping trading
 methods. the 1-hour time frame is stable sometimes but sometimes it was not accurate aside
from that it kind of hassle to be a daily trade. That's it  for today see you at my next blog.

Forex GBPCHF 12/28/2020 My Trading Plan

 Forex GBPCHF 12/28/2020 My Trading Plan 

                     Hi, There Guys Onesiphoro here writer and researcher of Onesiphoro.
blogger.com. In this blog, I will share with you my trading plan on Forex GBPCHF
currency on the day of 12/28/2020. Without further Ado, let's get right into it.

                                                                                               The Image shows what is the condition in the Forex Market GBPCHF 12/28/2020
in the Weekly Chart. In my own perspective, it's going to be short but on the other hand,
I still have a second thought because there is still a possibility that it was a retracement
but since the weekly chart takes longer in order to make another bar either it a bullish
or bearish candlestick, In order to figure out I decided to look at a short time frame which
is close to the Weekly chart.

                   

 

 

              This Daily chart tells the story in much more detail and still stable compare to the
other short time frame such as 15 minutes chart and 30 minutes chart. That's it for
today hope that you learn a lot, thanks, and see you on my next blog.

Forex GBPCAD 12/28/20 My Trading Plan

 Forex GBPCAD 12/18/20 My Trading Plan
                         

                           Hi There guys it's me Onesiphoro, In this blog, I will share with
 you how I trade in this day on the Forex GBPCAD 12/28/2020, so without  further
ado, let's get right into it.

                     First but foremost what I usually do is to look into the higher time frame in
order for me to determine the next movement of the market. The biggest reason as
well why A trader always looks in the higher time frame is because the higher time
frame such as monthly, weekly, and 4hour chart is more stable than the shorter time
frame-like 15min chart and 30 min chart, though the 15 minute and 30 minutes is
usually use by scalper trader or daily trader as a momentum.

             I still use the 1-hour chart though, for the momentum purpose aside from that, I
realize that compared to the 1-hour trade daily trade is much more stable and less stressful
like what you can see on the chart I'm already profit. Hopefully, this will help you to become
a good trader, see you on my next blog. 

All Online Degree Program: Advantage of Udemy Online School

 All Online Degree Program: Advantage of Udemy Online School

            Hi, there guys it's me Onesiphoro In this blog I will share my opinion about
the most known online school Udemy. Without further ado lets get right into it.

                      The advantage of studying in an online school is really huge as you can
save on fares and avoid traffic is also not a hassle since you do not need to chase the
schedule because a computer open can start immediately. just like the well-known
online school Udemy.

                    In this online school, you will learn a lot because their Instructors here are
some of them offering certificates to help the student find a job. Another beauty
of the Online school Udemy is that they have a lot of categories that almost covers
everything you can find a lot of skill that you've dreaming off and it also helps you
 find the job. It also helps you become an entrepreneur and have your own business
 because some of the instructors here are Professional entrepreneurs. Even the
unfamous Piso wifi which is new to the Philippines is in the Udemy as well, that is
why this Online school is highly recommended to all. You can also create your own
course here and become an instructor of the particular course if you wanted to. That
it for today I hope that you learn a lot, thanks for reading, and see you on my next blog.

The Definition of the Second Mortgage

 The Definition of the Second Mortgage
        Hi Guys It's me Onesiphoro Writer and Researcher of Onesiphoro. blogger.com In this
blog I will explain to you what is the Definition of the Second Mortgage.

          Bank he re's the latest installment in our educational series on home equity borrowing today I'm going to talk about the term second mortgage it's a term that's relatively self-explanatory but it's
one that's often open to misinterpretation and it's one you're definitely gonna want to hear as you're applying for a home equity loan or line of credit so we want to take the opportunity to bring some clarity to that term today a lot of people think a mortgage is a loan that used to purchase your home by definition it's actually a bit broader than that it really is any a loan that is secured by property or real estate whether it's used to purchase a  home or not so because a home equity loan or line of credit is secured by your home that does, in fact, make it a mortgage in order to secure a loan with real estate a liner will place what's called a lien on a property and in the simplest definition alien is really a right to keep possession so to give an example of what that is exactly when you take out a loan to buy a home the bank really still maintains possession of the home you're living there you make the payments every month but if you stop.

                     making those payments the bank is saying hey I'm out of money here I still need to get paid and what they can do is is is foreclose on the home and sell it and the lien then says hey when we've sold this loan that guarantees we get paid pack the money we're still owed so the lender that is in the first lien the position is usually taking on the most risk it's the largest loan like loans to purchase homes typically are so they'll be in the first position any other loans secured by the property secured by the home they're gonna be put in what's called the second lien position meaning after the sale of the home after the first lien holder gets paid then they get paid with what's next so typically those types of loans are going to be home equity loans home equity line of credits and that's why you hear the terminology the second mortgage applied to them now. Does home equity you always have to be a second mortgage and the answer is no because if the homes owned free or clear in other words, there's nothing left on the loan that was used to purchase it or somebody used cash to buy the home there's no loan so the home equity line or loan would then be placed in the position, so you can't have home equity that is actually the first mortgage hopefully, this all makes sense That's it for today guys hopefully this give you the idea about the definition of the second mortgage. 

The Basic Policy of Mortgage

 The Basic Policy of Mortgage

               Hey, Guys, It's me Onesiphoro writer and researcher of Onesiphorus.blogger.com
in this blog, I will share with you what is the basic policy of mortgage. 

                      Mortgage basics what is a mortgage alone to finance the purchase of your home consist of five parts collateral your principal and interest payments taxes and insurance when you agree to a mortgage you enter into a legal contract promising to repay the loan plus interest and other costs your home are collateral for that loan if you fail to repay the debt the lender has the right to take back the property and sell it through a process called foreclosure the principle is the amount of money borrowed to buy a home you can put down a percentage of the home's purchase price
called a down payment to lower your loans principal amount lenders offer a wide range of down payment options so it's best to ask which one makes the most sense for you which one
makes the most sense for you. 

 

              Interest is what a lender charges to use the money you borrowed this amount is usually expressed as a percentage called the interest rate principal and interest make up the bulk of you monthly. payments in a process called amortization reduce your debt over a fixed period of time your the mortgage payment will also likely include taxes that are collected by the local community based on the percentage of the value of your home these taxes usually, go towards things like schools road and public services finally lenders will also require you to purchase home insurance to cover your home against losses from fire theft bad weather and other causes additional type of insurance may be required depending on the location of your home and the type of loan you choose. 
      They include flood insurance private mortgage insurance or PMI and mortgage insurance for loans backed by the Federal Housing Administration finally when choosing a mortgage you may have the option to use positive or negative mortgage points which can alter your interest rate and closing costs positive mortgage points are paid as an upfront fee at closing and can help lower your interest rate applying negative points to a mortgage increases your interest rate but may reduce closing costs now that you've got the fundamentals down. keep in mind that lenders offer a wide range of loan products so make sure to ask which product can work best for you. Thant's it I hope that you learn a lot from this topic please do comment below thanks and see you on my next blog.

Quickly Paying my Mortgage off.

 Quickly Paying my Mortgage off.

                      Hey guys it's me Onesiphoro writer of Onesiphoro blog.com. In this blog, I will share with you my experience of how I quickly paying my mortgage off. The thing to have a paid-for house, as a matter of fact, it is a great thing to have a paid-for house I've done detailed research in-depth research and we have discovered that 100 percent of foreclosures occur on homes with mortgages the borrower is a slave to the lender get your house paid off so any other money about our 14% going into retirement above saving for kids college any other money that comes to us we're dumping it on the home mortgage and knocking out the home mortgage as fast as possible can you imagine how wealthy.  you would become and how fast you would become wealthy if you had no home. mortgage oh I got to tell you It's awesome soon as you pay off your mortgage. take off your shoes walk through the backyard the grass feels different under your feet the daily balance on a typical mortgage stays high and stays the same for the entire month until you make your payment and a large chunk of your mortgage payment goes toward paying the interest on that loan and only a very small portion goes toward reducing the loan balance itself this then gives you new daily balance for the following the month that stays the same until you make your next monthly payment here's what happens to our $220,000 mortgage over the years after five years 10 years 15 years after 20 years we would have paid.

           more than what we borrowed and still owe. more than half of the original loan amount after 27 years the total payments on our loan will be over half a million dollars that's because along the way it will also cost us almost two hundred eighty-three thousand dollars in interest but the real cost
of this 270. Our mortgage for the average family is over seven hundred and thirty thousand dollars so if you have a thirty-year mortgage right now the real cost to you is almost three times what you borrowed another way to look at this is that you're really being forced to pay for three houses with your hard-earned money one for you and two for the bank.

        

                         Now what happens is right now all banks front-load that's exactly how the bank makes their money and if they tell you anything different the lion so what happens is when you let's say for example you took out a  mortgage and it was for a hundred thousand dollars a hundred thousand if you paid them exactly what as promised you will pay them three hundred thousand dollar money so, in other words, you give the bank two hundred thousand dollars of free money. That's it for today guys see you on my next blog. 

Best advice to Invest or Pay Off Mortgage Early

Best advice to Invest or Pay Off Mortgage Early
 

               

     

                Hey, Guys, It's me Onesiphoro In this blog I will give you the best advice on how to invest or pay off the mortgage without further ado let's get right into it. you how can I help so a little bit of a unique situation my wife and I am on the second home that we purchased from her parents and her dad so graciously allowed us to purchase it from him and he is our bank and it is a 0% interest a land contract that he is actually covering the taxes on so we're in a  great situation but my question for you today as we are looking at really starting to invest I'm trying to weigh what would be a better return on our money whether that would be to simply pay off our is your percentage interest mortgage as fast as we can or to do a little bit of both investing and while paying off our mortgage we suggest when you're debt-free everything but the mortgage that your next step is to have an emergency fund of three to six months of expenses, we call that baby step 3 do you have an emergency fund we do but I know that it's not as much as we should have okay the first thing before we talk about in this other stuff is it should be three to six months of household expenses in liquid cash that you don't touch for any reason this is  not a Hana saving up for Christmas or vacation or a house or anything else this is an emergency fund the government then once you've done that then we do baby steps four five and six at the same time but in that order of priority four is 15% of your household income going into retirement and that would be matching 401 k's Roth IRAs you know traditional whatever along those lines and you're filling up stuff in good mutual funds there and what's your household income is about seventy-five thousand dollars combined a year okay all right and so you know we're talking about 9k Dollar a year roughly is your is fifteen percent of your income everything above that then leaves us for bay step five which kids college you have any kids that you need to say for college we have one so  far we're in the first year of  building our families oh yes okay.

                 

                     I would start something it doesn't have to  be dramatic but I would start something towards the kid's college hundred dollars a month or something in a good mutual fund and that's going to be you know that's gonna be a blast and get that rolling and then everything else I'm  gonna throw towards the mortgage until it's paid off I do want to get this mortgage paid off as fast as possible regardless of the zero percent interest rate and here's the reason it's your largest payment and as a matter of fact, it's your only payment and all the data tells us from the ten thousand millionaires that we surveyed that one of the keys to becoming a millionaire is getting your home paid off and keeping it paid off okay and because it frees up cash now you are in more of a danger zone then you feel like you're in with this land contract land contracts are very  dangerous here's why anything that happens to your father-in-law or a mother-in-law who's named this property is in and they get sued for that could be a lien placed on the property that you feel like you own that you do not own if they are driving down the road and hit a patch of ice and they were driving reasonably and someone gets killed in the car wreck and Sue's them for 500 million dollars and wins that a lien is gonna be placed on the property that you thought you owned because it's  not in your name okay screw off if they  screw off and go run up a big IRS debt and there's an IRS lien placed on them it's going to be on that property that they own that you have a contract to buy the contract for deed is a dangerous ownership methodology point being you could pay a hundred thousand dollars down on this principle and 20 minutes before you pay it off a lien gets slapped on there and you don't end up with the property that you.

       

                     Just paid off even if he wanted to I mean it could be something that's out of his control I'm not suggesting I was a crook the worst-case scenario is he's a crook but I'm not suggesting that but I mean life happens here and you can really get in a mess so I strongly suggest that you guys get that property put into your name and  you convert this from a land contract toa mortgage on a mortgage or a deed of  trust depending on how your state functions with a lien on a piece of  property that you own so the deed transfers to you and you still owe him under the exact same terms the mortgages and if it costs a little bit of  paperwork money to get the lawyer to do you pay the bill and get it to put into your name before you start reducing this principle and it has nothing to do with questioning Papa's integrity life happens and it could be out of Papa's control and then you'd have a really bad situation and believe me in 13 years I've seen it a bunch and doing financial counseling that's why I'm so strong on it I have a land contract. That's it Hoping it helps you guys see you on my next blog.