While most people undoubtedly want to live in a luxurious home with all of the trappings, not everyone has the luxury (and the resources) to accomplish the task. After all, the term luxury is often synonymous with expensive, which is why many people tend to ignore home improvement goals, pushing themselves to be content with […]
Understanding Loan Interest. Simple Interest or Compound Explained
It is important to understand the difference between ‘simple’ interest and ‘compound’ interest when taking on any loan. The difference in the two interest calculations is very important and a prospective borrower needs to be aware of these differences as the cost of a loan, over its full term, will be much higher with compound […]
