FCA is UK's independent financial regulatory body. Regulates 58,000 businesses employing 2.2 million people. Operates as company limited by guarantee. Financed by fees from financial services industry
Mortgage is a loan secured by property, typically requiring repayment within 15-30 years. Monthly payments include principal and interest, with escrow accounts for taxes and insurance. Down payment typically ranges from 3% to 20% of loan amount
Non-deductible expenses are business costs that cannot be written off on tax returns. IRS requires expenses to be both ordinary and necessary for business. Qualifying expenses include operating costs, payroll, and travel expenses
Loan estimates available 8am-10pm ET Monday-Friday, 8am-6:30pm ET Saturday. Prequalification required for online banking access. Closing cost calculator available for estimating total expenses
Flagstar Bank offers alternative credit data and nationwide availability. Bank of America provides nationwide access with 4,300 financial centers. Chase offers relationship discounts for existing customers. Rate specializes in fast closing times with same-day mortgage option. PenFed charges low fees, especially for VA loans
Tax avoidance uses legal methods to reduce total tax liability. Examples include maximizing retirement contributions and claiming deductions. Tax credits and working with professionals can help legally lower tax