These days more and more couples are paying for their own wedding, and they are turning to lenders for loans so they can have the wedding day of their dreams.
Instructions
- Taking out a loan for your wedding can be good for your marriage. There is no better way to find out about your partner's spending habits and your compatibility about financial matters.
- The actual process of taking out a wedding loan is easy - the difficult part is figuring out how much you need and how much you can afford.
- Loans for weddings usually start around $10,000 and run into the six-figure category.
- Before you approach a lender, decide together what you want to spend on your big day. The cost of an average wedding in the United States is almost as high as the average annual household income...and rising.
- Make a list of what you'd like at your ideal wedding and, if the final figure makes either of you uncomfortable, start paring down.
- One way to get a handle on costs is to list the expenses as necessary, unnecessary but desired, and frivolous extras. You certainly will need a venue, but do you really need to splurge so much on flowers and ribbons.
- You should also consider what you can afford to pay back each month on your loan before you get one. You don't want your wedding loan to become a burden for the rest of your lives together, so don't borrow more than you can repay in 3 years.
- Make sure what you decide about the scale of the event and what it will cost is a unanimous decision. That way you will avoid any future ill will or resentment. You're in this for better or worse and you'll be paying for your loan together.
- Wedding loans exist in 2 forms--secured and unsecured. To secure a loan you can use your home, car, or an alternative forms of security like stocks and bonds. Unsecured wedding loans require no security.
- Interest rates are reasonable on wedding loans, but that doesn't mean you shouldn't shop around. Wedding loans do not usually have any fee or pre-payment penalties. Do your research to find the best rates and terms.
- Compare options like refinancing an existing home loan and other loan options to determine if a wedding loan is the best choice in terms of what you will have to repay.
- Even if you have bad credit it's likely you'll still be able to get a wedding loan. Get your credit report before you apply for the wedding loan so you'll be able to make a good impression with your lender by alerting him to your situation.
- Ask friends, family and co-workers for referrals to a good lender, just in case they got good deals in the past. Most likely, however, you will end up shopping for your wedding loan on the Internet.
- If you choose an online lender you will be required to fill in a few simple forms on the lender's Web page, giving details about your occupation and income, before the process begins in earnest.
- Before you formalize the loan you will probably be asked to produce some if not all of the following: Copy of deed to any property; Last 2 years' W-2's, tax returns and current pay stub, or two years' tax returns if self-employed; Proof of income from alimony, child support, lawsuit settlement or other income sources; Copies of your last 3-6 bank statements and a list of all open credit accounts (account numbers, payment amounts, and balances). Make sure you have all of the items in hand before you talk to your lender, as it will shorten the loan approval process.
-
Yahoo! Finance - Personal Finance
finance.yahoo.com/personal-finance
7/12/2013 Read latest personal finance articles about loans, saving & spending, lifestyle, insurance, taxes, career & education, retirement, and real estate. Try our ...
-
Compare cheap personal loans & unsecured loans at MoneySupermarket.com
www.moneysupermarket.com/loans
Find the best rates on personal loans & unsecured loans at MoneySupermarket.com. It's quick & easy to apply online.
-
Bicycle Safety: How to Not Get Hit by Cars
bicyclesafe.com
Ten ways you can get hit by cars (with pictures) and meaningful ways to avoid them. Not your typical lame Bike Safety page.
-
grants for cars, how to get a car when you need transportation ...
comment-here-are-some-great-resources.app-sl-1.aidpage.com
CARS grants for CARS , free cars , fix up your car , very low percentage car loans , donations of cars , finding a good used car ...
-
One Crafty Mother
www.onecraftymother.com
I have always loved the number four. I'm not sure why - my own little touch of OCD, I guess. Any time I'm picking a number - for anything - I choose four, a number ...
-
Get Your Ex Lover Back In Your Life And In Love With You Again ...
lonelinesstohappiness.com
You can still get your ex back in your life and very much in love with you again. Learn a cutting edge approach to get your ex lover or spouse back and give your ...
-
How To Get A Girl To Like You Dating Advice Body Language
www.howtogetagirltolikeyous.com
How to get a girl to like you through mastering the art of talking to women. Articles on the best ways to approach and chat to women.
-
How to Buy a Car with Bad Credit? Learn Here ...
www.buyingcarswithbadcredit.com
Finding a Good Car Loan When You Have Bad Credit Can Be Very Difficult With over ONE BILLION dollars in approved bad credit auto loan...
-
Debt Consolidation: 5 Ways to repay debt and save dollars (A on BBB)
www.debtconsolidationcare.comDebt Consolidation Credit Card Consolidation
DebtCC Wiki: How to manage debt and avoid scams. Try payday loan consolidation to get out of financial troubles . A type of loan where you borrow a small amount of ...
-
Get a personal loan from 4.9% for 7,500-15,000 - Money Saving ...
www.moneysavingexpert.com Loans
Personal Loans can be a big rip off! Find out how to get the cheapest flexible, insured, standard & lower credit scorers loans on Money Saving Expert.
0 comments:
Post a Comment