Proper financial management is the key to ensure the company’s business runs smoothly. Even if it is supported by adequate operations and continues to be profitable, a business will not last long without efficient financial management.

The function of financial management is also actually very significant for personal life. Errors in allocating funds will make financial conditions in disarray. Without going into detail, many people should have realized the importance of corporate financial management, especially millennials.

With all the temptations of discounts or cashbacks that are increasingly mushrooming, millennials should be aware of financial management. Millennials must be smart and astute in financial management with tempting circumstances like this. One little bit of managing finances can endanger your future, you know!

For personal matters, everyone has their own way of managing their finances. However, what about financial management for a company? Of course this is different from personal financial management. … Read more

While the availability of hotel construction lending has dwindled slightly from a few years ago, there is still solid demand for these loans. In addition, lenders are often more willing to extend a loan if the project has a multi-unit or multi-brand operator sponsor. Other types include commercial mortgage bridge loans, project bonds, and HALL Structured Finance.

SBA 504 Green Loan Program

A 504 loan can be used to construct a hotel, renovation, or other business. The loan can be used for the first mortgage or a second mortgage. The first mortgage can be fixed for five years, and the second mortgage can be set for 25 years. Some hotel lenders even offer a 30-year amortization period on the first mortgage. This loan can also finance furnishings, fixtures, and equipment, or FF&E. With a 504 loan, a hotel owner can pay as little as 15% to finance a hotel expansion … Read more

A mortgage payment calculator can be a great way to estimate your monthly mortgage payment. Not only will it show you how much your mortgage payment will be each month, but it will also tell you how much taxes and insurance will be. You can also use a mortgage payment calculator to determine how many extra payments you can make each month to reduce your mortgage payment and pay it off faster.

Calculate your debt-to-income ratio

Your debt-to-income ratio (DTI) is the amount you owe compared to your monthly income. A low DTI indicates that you are a low-risk borrower, while a high DTI means you are a high-risk borrower. To calculate your DTI, add up all your monthly debts, including your mortgage and other regular payments such as homeowners’ insurance and car payments.

Your debt-to-income ratio should be lower than 36 percent. You should also include all non-mortgage … Read more