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One is not always better than the other. I refinanced in the last few years, and I shopped around with different brokers (online and local) and banks. I found both brokers and banks that were very sketchy in regard to their fees, which was the main differentiating point (rates were more or less the same between them). There should be no risk in general of ...


2

Sending as gifts I found a clear statement that you do in fact owe gift tax for gifts made to foreign people (foreign from the perspective of the United States government). There is a $15,000 gift tax exclusion per person per year in 2019. That would be per parent, so you could send $30,000. If you are married, you and your spouse could each send that ...


2

Private Loans both Owe and Owed. In my personal finance spreadsheets, I like to separate Loans (money that I've already borrowed) from Liabilities (money that I'm going to owe some time in the foreseeable future, like annual taxes, semiannual insurance payments, etc), even though that isn't the textbook accurate definition of Liabilities.


2

In formal bookkeeping, liabilities is an obligation arising from a past business event and which has not yet been settled. Liabilities is the opposite of assets, which are the resources of the company that have been acquired through transactions, and [which] have future economic value that can be measured and expressed in [some currency]. An example of a ...


1

If you go to a bank, you get their rates and fees based on what that bank can offer. When you go to a broker, you get the rates and fees of what multiple banks can offer, so you can price shop more efficiently. As for overall experience, that probably depends more on the personality of the loan officer, than whether they work for a bank or broker. The ...


1

Now that we have already signed a contract, a question rised for me. Is it recommended to get mortgage from a bank or a private loaner? This is exactly the type of thing that should be done before signing a purchase contract. The typical purchase contract in the US has a short deadline for the purchaser to arrange for financing. There is no absolute ...


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