Amidst a Weak Economy, Banks Are Tightening Underwriting and Regulations

Despite increasing interest rates and credit balances, banks are facing a more challenging business environment today.  That’s because late payments and defaults are also increasing, and unfortunately, that’s happening at an even faster pace compared to previous years.  Our weak economy is also impacting consumers and small businesses as well. Since they don’t have the … Read more

The Truth About the “Credit System Changes” Going Viral Online

If you spend enough time doomscrolling social media, you’ll eventually see someone claiming the financial system is about to change forever. Recently, someone forwarded me a viral video warning that major changes to the credit system would destroy Americans’ credit scores overnight. The creator pointed to three issues: Buy Now, Pay Later accounts, the rise … Read more

Which Business Funding Strategy is Right For You?

business funding strategy

While there’s something to be said for bootstrapping a business, leveraging debt to launch or scale can be a game changer if handled properly. The key to success here is twofold.  First, you need to be responsible with debt because it can quickly spiral out of control—especially in a soft economy, so how you use … Read more

The Portable Mortgage Paradox—a Solution That Will Cause More Problems Than It Solves

The Portable Mortgage Paradox—a Solution That Will Cause More Problems Than It Solves by Derek Carlson

There’s a reason portable mortgages are suddenly a topic of conversation everywhere lately. The housing market is a mess because rates are up, qualifying for a mortgage is tougher than ever, and for every single house that has skyrocketed in value, hundreds of buyers are priced out of the market. On the surface, portable mortgages … Read more