Finance Questions

Posts Tagged ‘finance’

Question: Which is a better degree to enter into finance/banking field?

I have a choice between this 2 degrees- Bachelor of science in Accounting And Finance and
Bachelor of science in Economics and Finance
I want to know which is a better degree to enter into Finance/Banking sector and later to do MBA in Finance .

Answer: It doesn't matter whatsoever. It only matters if you have the prerequisites needed for the MBA program. I have many friends and associates who have MBAs and did their BA degrees in government, sociology, English, math etc. They're also interested in people who have the experience in the field. So try to get highly sought after internships over the summer in banks or investment firms etc. These are the types of things that will help you get accepted into an MBA program (that and good test scores and a good GPA).

Orenbuch Says `Too Early' for Large-Scale Bank Buybacks

Question: Is a rental house bought with a commercial loan taxed differently than one purchased with a normal home loan?

I financed 100% with my partner through a commercial loan because it was unsecured and simple. It's a house near an industrial area that we were going to rezone and sell commercial. However, the costs associated with rezoning were excessive and now I would like to just sit on it for a while but we are paying high commercial loan rates and I would like to get the monthly payment down.

Answer: Not as property taxes go...but there is obvious differences as far as income tax deductions and capital gains taxes upon sale go.

To get the payments down you will want to refinance that into some type of residentail product with say a 5 year fixed term (for total payment security), or an adjustable rate product for the absolute lowest payment (these are ok for short term, 2 - 3 year solutions). Right now rates are down (from what they have been the past 6 months).

Hope this helps.

Tom Voli
[email protected]

LIC Housing looks good for trade: Panda