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Friday, August 22nd  
Money for a Car: A Guide to Auto Financing
Nobody wants to be the dumb buyer in a car buying deal. You have to be smart or you end up losing more money than you ought to. It is a very common scheme among car buyers to first get money in order to buy a new car.

The term is called “auto financing” and it simply means how you pay for a vehicle. You can finance a car by taking out an auto loan to own a car, in which case, you have two options: You either use the money from the loan to buy the car, or use it for lease.

If this isn’t your first time buying a car, you might already know that the salesman or your car dealer will be checking your credit report before starting with the negotiations. But this is not the only way you can go to get that new car of yours. The seller will try to sweeten the deal and offer you special car finance situations in exchange for throwing yourself totally at his mercy. That is not a path you have to choose.

The key is preparation. Knowing what auto financing options you ... more

February 19th, 2007 - 01:55 pm | permalink

Make Student Loan Payments Easier With Credit Consolidation
There is no doubt that while a college education is beneficial in that it offers a distinct advantage in the competitive job market, when it comes to paying the bills many people, both students and their parents, simply cannot see how they will be able to afford it. The tuition alone is unattainable for many, and add to this the cost of textbooks and dorm fees and the prospects are bleak indeed. As the price tag of higher education continues to climb, so does the demand from potential students for student loans. Once it is time to pay off the loan, many students find themselves unable to make the required monthly payments. The result is a vicious cycle of owing but not being quite able to pay. In order to bring down the cost of that student loan, many people opt to apply for debt loans.

There are many types of financial agencies that specialize in consumer debt consolidation, and student loans fall directly under this category. Therefore, credit consolidation is a viable alter... more

February 19th, 2007 - 09:59 am | permalink

Short Term Cash Advance Payday Loans
Sometimes it seems there’s just no way out. Maybe your car breaks down, you have an unexpected medical expense, or you just find your self coming up short when you’re shopping to put a smile on your kid’s face for the holidays. All of us have felt strapped financially at times, and the choices we have are accruing more credit card debt, borrowing from friends or family, or trying to get an advance from your boss.

In the past decade our communities have seen little money mart stores popping up all over the place, fulfilling a need that many of us have when we’re strapped for cash. If you have a job and are just a little short of cash, you might want to consider taking out a Payday Loan. Now you can get a cash advance payday loan on the Internet approved with no credit check in as little as 30 seconds, and they will deposit up to $1,500 electronically into your bank account within 24 hours.

Payday loans, sometimes called cash advance or paycheck loans, fulfill a real ne... more

February 16th, 2007 - 10:08 am | permalink

7 Effective Ways to Improve Your Credit Score
There are many misconceptions about credit scores out there. There are customers who believe that they don’t have a credit score and many customers who think that their credit scores just don’t really matter. These sorts of misconceptions can hurt your chances at some jobs, at good interest rates, and even your chances of getting some apartments.

The truth is, of you have a bank account and bills, then you have a credit score, and your credit score matters more than you might think. Your credit score may be called many things, including a credit risk rating, a FICO score, a credit rating, a FICO rating, or a credit risk score. All these terms refer to the same thing: the three-digit number that lets lenders get an idea of how likely you are to repay your bills.

1. Understand where credit scores come from.

If you are going to improve your credit score, then logic has it that you must understand what your credit score is and how it works. Without this informat... more

February 15th, 2007 - 01:34 pm | permalink

Need a Mortgage Refinance or Equity Loan Learn What it Takes
Do you know what it takes to qualify for mortgage and refinance loans? There are several factors involved with qualifying for a purchase, refinance or equity line of credit, and having an in-depth understanding of these could make the difference in you being accepted or turned down by a bank loan officer.

Here are some things loan underwriters use in seeing if you qualify for a loan: your credit rating; your income; the amount you wish to borrow vs. the value of the property, this is known as loan to value or LTV; your assets; cash on reserve to cover down payments and reserve funds to cover a few months worth of mortgage payments, in the event you can't pay for an indefinite period of time; your employment history.

Most people worry about credit, even people who have excellent credit. Credit is such an unknown. Put your mind at ease. You can purchase a house with poor or no credit at all. In fact, with a poor credit rating and only 3 percent for a down payment, you c... more

February 14th, 2007 - 08:31 am | permalink

Don't Let Student Loans Crash the Party
College is hard enough as it is: from endless exams to plentiful parties, higher education has a knack for offering up distractions. So the last thing any college student needs is another burden, another entanglement making demands on their time. Unfortunately, as college tuition prices continue to soar, so does the importance of student loans; in the last decade, the average amount of loan debt owed by graduates of four-year colleges has jumped by 85 percent. From the wealthy to the not-so-affluent, no one is immune: today, half of the students from the richest 25 percent of American households owe debt after graduation – an increase of 100 percent over the past ten years. Taking out student loans – and toiling away after graduation to pay them off – is becoming a central part of the college and post-college experience.

Between agonizing over college expenses, wrangling with loan companies, and working to pay off debts, graduates have plenty to worry about today, and plenty o... more

February 13th, 2007 - 09:04 am | permalink

Car Loans After Bankruptcy - Tips to Getting Approved
A car loans after a bankruptcy is one way to help build back your credit history. In fact, once your bankruptcy closes, you can apply for a car loan the next day. To get approved with the best rates for your car loan, follow these tips.

Review Your Credit Report

Before you start applying for a car loan, check out your credit report and make sure all your accounts are in order. It is not uncommon after a bankruptcy to see open accounts that should be closed, which hurt your credit rating.

While looking at your credit report, consider adding a page explaining the situation that resulted in your bankruptcy. If there were extenuating circumstances, lenders may approve you for a better rate than under normal conditions.

Plan Your Car Purchase

Before purchasing a vehicle, decide what you can afford in a monthly car loan payment. This will help you decide which financing package is best for you. Both the loan amount and length of payments will dete... more

February 12th, 2007 - 09:55 am | permalink

Don't Get Behind On Your Student Debt!
Learn how to avoid getting behind on your student debt payments and how to get back on track if you’ve already got behind.

Student Debt Consolidation

An average American has about 11 credit cards or more and there are different interest rates on each. Making a payment on all could go out of hands at times. This can be consolidated. The term is better known as debt consolidation. Debt consolidation takes care of all your loans where a big loan is taken to consolidate all the other accounts and the payment is spread over a longer period of time, generally 10 years.

Student Loan Consolidation also known as Student Consolidation Loan is also on similar lines of debt consolidation. In this case, all the student and parent loans are combined in to one big loan where the lender is one and the smaller loans are paid off with this loan. Many students do not find the payment for the federal loans. In case of the debt consolidation loan, the interest rate is slightly h... more

February 9th, 2007 - 09:18 am | permalink

Get Debt Relief By Consolidating Your Student Loans!
In order to avoid default or late payments on your student debt, you can always resort to student debt consolidation. By consolidating you’ll reduce all your debt to a single loan with a unique monthly payment and you will save thousands of dollars on interests. If you took out student loans for your college education as you needed them, you may have four to 10 separate loans that you pay on every month. Would it be in your best interest to consolidate them? The answer is yes. However, it is important that you do your homework first to find the best way to do it.

Student Debt and Credit Score

If you have several student loans, they can affect your credit rating. Each student loan will show up on your credit reports as separate loans for each lending period. If you want to buy a car or a home, it will definitely benefit you to consolidate these into one loan so all of the notes but one will be listed as paid.

Benefits of Consolidating

You should be ... more

February 8th, 2007 - 09:43 am | permalink

The Basics Of Student Loan Consolidation
Records have shown that there are about 20% of college students who are using student loans to pay for their college education. This means that student loans are a great source of financial aid for students who are in need of financial assistance for their education. Unfortunately, students often leave college with debts that cause them huge burdens. In addition, they often have multiple loans from different lenders, meaning they are writing more than one loan repayment check each month. In order to prevent having multiple check repayment, it is advisable to consider student loan consolidation.

This term may not be familiar to you but to put it simply, it is about combining all your student loans into a single loan with one lender and one repayment plan. In actual fact, loan consolidation is very similar to refinancing a home mortgage. When you consolidate your student loans, the balances of your existing student loans are paid off, with the total balance rolling over into one... more

February 7th, 2007 - 09:15 am | permalink

New To Auto Loans?
If you are planning to buy a car, how would you like to fund the purchase - from your own pocket or by securing a loan? If you are not so surplus in money backup, it is always better to go for an auto loan. Auto Loans or automobile loans, as it is sometimes referred to, are loans issued by banks to the customers for financing the purchase of their favorite vehicles. As it ties the borrower only to a minimal monthly repayment amount, an auto loan is not going to put any sort of financial strain on the person concerned. Another advantage with having some loan term running at any given point of time is that it helps in tax savings in the tune of hundreds of dollars every year. The only thing to take note of - be responsible and consistent in your earnings and repayments.

Auto loans are generally issued ‘secured by liens’ on the car/vehicle that is being purchased. It gives the much needed security for the lenders on the lent out money. As the repayments are periodically made, the... more

February 6th, 2007 - 09:45 am | permalink

Mortgages First Time Buyers
The good news for First Time Buyers is that there is an availability of products previous generations have not experienced. However, quite often the biggest issue facing first time buyers is whether or not they will be able to borrow enough to purchase the property they want, coupled with the fact that the stamp duty applicable to first time buyers is also adversely affecting them.

The price of properties being considered by first time buyers is rising faster than the general market. The number of first time buyers is at the lowest recorded level for 25 years as an increasing amount of people are priced out of more and more areas.

In many cases, the only similarity between first time buyers is their lack of an existing mortgage or property to sell. One of the most common questions asked by first time buyers is how much they can borrow for their first mortgage.

Stumping up a deposit is usually one of the biggest problems for first-time buyers. Surveyors claim... more

February 5th, 2007 - 09:39 am | permalink

State Student Loan Consolidation: Relax Your Life
As many loaning institutions around the US, some states offer student loan consolidation. These states propose you to consolidate your loans with them for many benefits. Included in them can be an interest rate reduction from your student loans by .25% if you choose to pay up directly. Payers that cancel debts on time are also rewarded by lowering their interest rate up to 2 or 3.5%.

Other Benefits

Here is a list of the many benefits a state may offer you to consolidate your student loans:

� Interest reduction on your loans
� Only one bill for your Federal Strafford Loans and State Loans
� Lowest cost for student loans for residents of the state
� No fee state loans
� Outreach programs to help state residents achieve higher education

All of those advantages are subject to change by different states and some states offer even more than those listed above.

Types of Student Loans to Consolidat... more

February 2nd, 2007 - 09:47 am | permalink

Consolidate Debt To Gain Financial Ground
You know you are in trouble. There are piles of opened bills sitting there on the table, and even more on the dresser that you haven’t even bothered to open. Your family and your friends aren’t going to loan it to you. You have spent more than you can realistically expect to earn any time in the foreseeable future, and you simply can’t bet on winning the lotto. So, is there really anything you can do to help yourself get out of this mess you have made? Maybe, just maybe, you should consider consolidating debts or seeking credit counseling.

Debt consolidation has become a household word and ever popular method to tackling outstanding debts. While it got its start on the internet during the dot-com boom, debt consolidators have also taken to advertising on television and radio spots. The increased exposure from the ads brought about more awareness of the concepts that drive the debt consolidation agencies and as a result has encouraged people to look for ways of crawling out fro... more

February 1st, 2007 - 09:49 am | permalink

Finding A Debt-Free Heaven, In 2007
With the holiday shopping season behind us, we now turn our attention to a brand new year. A new year always brings us hope and inspiration. We resolve to improve many aspects of our lives. Be it better health, better relationships, or better finances, we begin the new year with great intentions. This is a chance to put the past behind us and look ahead to the future. Too often however, these resolutions are unfulfilled.

As for our resolution to improve our financial situation, this one is often blindsided when our credit card statements are opened. It is then we are hit by the cold reality of our expenditures from the previous year … or years. Improvements in 2007 cannot be realized, with the debt cloud of 2006 hanging over our heads.

In that debt cloud is the vacation we enjoyed, the big-screen TV in our living room, and of course, the just completed holiday gift giving season. It all seemed harmless at the time. Just a small payment every month, and we can live lik... more

January 31st, 2007 - 09:35 am | permalink

New Car Loan
Buying a new car and need a loan? Well, if you have ever purchased a used or new car before, you know exactly what to do, however, for those who haven't, you may not realize all that you need to do to get a loan. The first step to purchasing a new car is to check your credit rating. Make sure that your credit rating is in good. Basically, to get approved, you need to have a rating of at least 640.

The lower that you go the worse the rating you have. When it comes to purchasing a new car loan, you will find that your bad credit will hurt you. In fact, you may have to purchase a used car if your rating is very low. Basically what your credit rating does is allows the creditor to assess rather or not you happen to be a low or high risk. Obviously, they don't give out too many loans to high-risk people so you will need to know your rating first when buying a car.

For those who would like a new car, but has some issues in the past with their credit, they will also look at... more

January 30th, 2007 - 08:46 am | permalink

Home Loans: Make Your Dreams A Reality
Being a tenant for long is nothing but wastage of money. The money which goes out as rent can be used to pay off a loan. One of the most common and popular solution is to take a mortgage over the house that you intend to buy. In layman’s terms, your house will at as a guarantee against the payment of the loan amount.

If you have decided to take monetary help through a loan, the next step is to start looking for a good loan deal. Suppliers will offer you different home loans. The key to striking a good deal is to pay attention to details. Buying a house may be your biggest financial investment and you certainly don’t want to screw it. Go through the terms and conditions of the lenders carefully. Monthly rates that you will have to pay vary from lender to lender. Depending on your financial situation, you can pay off the loan earlier than the stipulated time. But be careful, some lenders charge a fee for early repayment of loans.

You can opt for fixed rate mortgage or... more

January 29th, 2007 - 09:36 am | permalink

Consolidating Your Credit Card Debt
Just about everyone has credit cards today. However, a lot of people are having a hard time making the monthly balance payment. If this is a problem, if each credit card monthly minimum is too much, perhaps you should consider a credit card debt consolidation loan. This is only one of many solutions you should consider to reduce or eliminate your credit card debt.

The simplest method of consolidating credit card debt is to move all of your balances to the credit card with the lowest interest rate. You may be able to take advantage of a new credit card with a low or zero introductory interest rate, and you transfer all of your credit card debt onto that card. Of course, you have to make sure you receive a high enough credit limit from the new company to be able to transfer all of your debt to that card.

You also have to choose the credit card that will revert to the lowest annual percentage rate after the introductory period. Better yet would be to calculate your outs... more

January 26th, 2007 - 08:25 am | permalink

You Can Get A Mortgage! Just Try Good Debt Management
Today, we believe that all people should have the same rights. The concept that the good or the good looking are more worthy than others is no longer a part of our society. Everyone, even those with bad qualities, haves the right to live side by side with those who have good qualities. The same concept has now been applied in recent years to people with bad credit. There are many who scorn people with bad credit and think they are despicable and have ruined their lives. They look down on them and don’t think they deserve a second chance.

There is, however, a trend today to give such people a second chance. Many financial institutions, agencies and businesses realize that this is necessary so these people can live normal lives. In this way, people who have bad credit can enjoy many of the benefits that the rest of us have.

One of the main areas where this is important is in the area of home mortgages. Today, most people consider owning a home as a basic right. It certa... more

January 25th, 2007 - 10:31 am | permalink

Tips For Home Loans
Everyone wishes to own a home at some or the other time in their lives. But not everyone has a huge resource in the bank that they can tap and purchase the home that they dream of. Some people have to look at other options that need to be used to buy a home. Home loans are one of those options which have gained a lot of popularity in the last few decades. As realty continues to be a lucrative investment option as well, there are many who opt for home loans for this one reason. There are many home loan programs out there. So a bit of research on your part might be required to select the right home loan for you.

The Down Payment

The down payment is the key to reducing your monthly payments. More the amount you pay as down payment, lesser you will have to pay off every month. So it is recommended that you keep at least some percentage of the principal loan amount with you before you start to hunt for a home loan. Along with the home loan there will be other expenses as ... more

January 17th, 2007 - 09:48 am | permalink

Things To Consider With A Refi Mortgage
A refi mortgage can be used for several purposes – to lower your interest rate, to lock in a fixed interest rate, to pay off credit card debts, or to combine two mortgages into one. It is a substantial financial decision to make, so make sure you are well informed with information before taking any action on a refi mortgage.

The following information should help you be a more educated shopper when it comes to looking for a refi mortgage.

If you are thinking of paying off credit card debt with a refi mortgage, consider the following:

1. Lower Interest Rate. A refi mortgage will almost certainly lower the interest you are paying. Average annual interest rates on 30 fixed mortgages currently stand at approximately 6.4%. If you have $20,000 in credit card debt, the difference between a 15% interest rate and a 6.4% interest rate will be more than $140 per month.

2. Interest is Tax Deductible. Mortgage interest is usually tax deductible, while credit c... more

January 16th, 2007 - 09:08 am | permalink

Conveyance Become Reasonable through Online Auto Loans
Applying auto loan through online is the most convenient way to procure finances. Information technology has made several task of applying loan easier. Such as:

•Locating lenders offering online auto loan
•Comparing them
•and finally applying for the loan

It is generally seen that the lender also gives priority to online application for approval. The reason is that applying through online involves very low and negligible processing and overhead costs.

For applying online auto loan the person is required to fill an application form in which he is required to furnish certain details such as name, address, flow of income, financial status, credit score, his employment and amount required for financing etc. After furnishing all the details, the lender sees that the applicant fulfils all the criterion of the loan or not. And if he finds an applicant eligible for the loan in such case he sent a loan quote to applicant and approves the loan amount. Once... more

January 15th, 2007 - 08:57 am | permalink

FHA Mortgage Loans
FHA mortgage loans are alternatives to conventional financing for your home purchase. The FHA (Federal Housing Administration) helps to make low cost home loans available to thousands of new and current homeowners each year. FHA mortgage loans require minimal down payments and the interest rate is typically slightly lower than prevailing conventional rates.

The FHA currently insures more than 800,000 mortgage loans. This agency has helped originate more than 33 million since it was created in 1934 as part of the New Deal. The FHA does not fund the mortgage loans itself. It does insure the lender that it will not incur any loss if the borrower defaults. In this way, lenders are encouraged to make loans to low and middle income borrowers to whom they would not otherwise extend credit.

Buyers of single family homes can put as little as 3% down when obtaining an FHA mortgage loan. Good credit history is not necessary, although is definitely a '+.' Income to loan payment... more

January 12th, 2007 - 09:30 am | permalink

Low Interest Debt Consolidation Loans - Getting A Low Rate
Low interest debt consolidation loans can help you pay off your debt sooner. For the lowest rates use your home equity to secure a loan. You can also find personal loans that will reduce your interest payments. Otherwise, transfer your credit balance to a new credit card account that offers 0% interest on transfers.
Home Equity Loans
Home equity loans offer low interest rates because they are secured with your property, reducing the chances of you defaulting. You can opt to cash out your equity by refinancing or applying for a second mortgage or line of credit.
Refinancing can cost thousands in upfront fees, buy they can offer you overall lower payments. Second mortgages and lines of credit usually cost zero to a couple of hundred of dollars to open, but their rates are higher than a traditional mortgage.
Personal Loans
Personal loans offered through banks and other financial lenders can also help you consolidate debt. These types of loans are based on your cre... more

January 11th, 2007 - 10:56 am | permalink

Getting a Mortgage After Bankruptcy
It is unfortunate that many bankruptcy attorneys do not give their clients more direction with regard to restoring themselves after their bankruptcy.

There are some simple steps that anyone who files a bankruptcy needs to take in order to restore themselves financially.

Using these steps below, you can restore your credit and prepare yourself to become a homeowner.

1. Get a copy of your credit report.

Many times (most times) the credit accounts that are absolved with your bankruptcy are not removed from your credit report immediately. You can contact each credit reporting agency (Equifax, Experian, and TransUnion) directly to get a copy.

2. Have derogatory credit items that were charged off in your bankruptcy removed from your credit report.

You will need to send a copy (not the original) of your bankruptcy discharge papers to all 3 of the credit bureaus asking them to remove these inaccuracies. This process can be done by mai... more

January 10th, 2007 - 08:49 am | permalink

Preparing to Apply for an Auto Loan
It can be exciting to purchase a new vehicle. It doesn't matter if the vehicle is brand new or slightly used -- it is new to you. However, unless you have faithfully saved, you will need an auto loan. That isn't quite as exciting.
However, you can make the entire process go smoothly. By being prepared, you eliminate a lot of the stress from the lending process. You know that you can afford the car you pick out before you sit down in the dealer's office. That is a good feeling.
First, you need to know where you stand credit-wise. Know what your credit report says and where your credit score is. If there are any inaccuracies on your report, you want to fix them before you try to borrow money. A lower score will result in higher interest rates.
Years ago, I had a dealer tell me that I didn't have very good credit, so I didn't qualify for the best rates. But I knew that I had a near perfect credit score, so I took my business elsewhere and got the prime rate. If I hadn't been a... more

January 9th, 2007 - 09:34 am | permalink

Online Banking Forum
Discussion forums are one of the most useful ways to communicate between people. The online banking forums are great resource to communicate and share ideas on various types of banking issues. Anyone can place their problems on loans, share ideas and find answers to related questions. The banking forums are good beginning points for anyone who wants to share their own experiences on banking.

Usually online banking forums provide various categories for intended people in the forums, like Loans, Investment and Credit and so on. Anyone can go through the related category, and share their ideas with other people.

Loans category provides the users to discuss, on Financial Loans, Business Loans, Education Loans and so on. Investment category provides the users to discuss, on Real Estate Investment, Stocks, Shares, Mutual Funds and so on. Credit Card category provides the users to discuss, on Credit Repairs, Bankruptcy, Credit Deals etc. People can also discuss on Internatio... more

January 8th, 2007 - 08:33 am | permalink

Home Remodelling Loan And Checklist Before Picking...
Home Remodelling Loan And Checklist Before Picking A Home Remodelling Loan

On one weekend, a Saturday in particular, I decided to attend a seminar on home remodelling. I Usually prefer to call it home renovation. It was basically for the elderly people.

Am not in the elderly bracket but I decided to attend anyway because I was feeling a bit lonely and wanted to be occupied. On looking around the room, I saw that most people were in my age group.

Think it is because they have to meet most of the cost for refinancing the renovation of the home of their old ones.

This seminar turned out to be good to me and at the end I was convinced it was a good take.

In this seminar, it was revealed that research so far shows this:
It will probably cost anywhere from $100,000 to $150,000 to do a good renovation of a house for the elderly. This seems a staggering amount, until you consider that it would cost them from $3,000 to $5,000 per month if th... more

January 5th, 2007 - 09:49 am | permalink

Homeowner Loans and Its Advantages
So, you are short of cash and you need some financial assistance. Are you thinking of availing loans? Are you a homeowner? If yes, avail loans against your home. How? Simple, meet your financial requirement with homeowner loans.
Homeowner loans are a sort of secured loans. In this loan option, borrowers’ home plays the role of security. Since, these loans are secured on borrowers’ home; hence, with these loans you can borrow a higher amount. These loans are given for 5-25 years.
Since, homeowner loans are secured on borrowers’ home and it covers the risk of lending amount; hence, the interest rate of these loans is a bit lower. Besides, if your credit score is good, it will empower you to negotiate with lenders in order to make the interest rate favorable.
With homeowner loans, a borrower can get some extra advantages. Let’s have a look at those benefits:

•A homeowner can apply for homeowner loans for any purposes. It could be home improvement, investing in real es... more

January 4th, 2007 - 08:39 am | permalink

VA Home Loan Program Hits Important Milestone
An Operation Iraqi Freedom veteran from Texas received the 18 millionth Veterans Affairs (VA) home loan.

'VA's home loan guaranty program has been helping veterans purchase homes for more than 60 years,' said Veterans Secretary R. James Nicholson in a May 13 statement announcing the milestone.

'This VA no-down-payment loan program reflects our nation's appreciation of the brave men and women who put on our country's uniforms in defense of freedom and our way of life,' he said. 'It also highlights VA's contribution to turning the United States into a nation of homeowners.'

Since 1944 when President Franklin Roosevelt signed the Servicemen's Readjustment Act into law, the GI Bill, as it is popularly known, has secured more than $892 billion for veterans' and service members' home loans.

In fiscal year 2005 alone, VA guaranteed more than 165,000 loans for mortgages valued at more than $24.9 billion.

VA-guaranteed home loans are made by ban... more

January 3rd, 2007 - 08:25 am | permalink

How To Use Equity to Your Advantage
Once you have purchased a home and are making monthly payments, you are in the process of building equity. The opportunity to use the equity you have built up in your home is one of the benefits of homeownership.

The equity you have built up can be used for many purposes on your advantage. Many people will use this equity to draw out cash by refinancing their house; the cash may be use to finance other major purchases such as second mortgage, making major improvement to your property or to fund their children educational expenses.

If you are in bad debt situation, your equity can be the hero in saving you from bankruptcy. You can pledge your equity to apply for a home equity loan which will allow you to borrow a relatively large amount of money to consolidate your debts. As compare to other personal or unsecured loan, a home equity loan is easier to get approve even you are in a bad debts situation; lenders may be more liberal because they view home equity loan as r... more

January 2nd, 2007 - 08:37 am | permalink

Top Ten Reasons For Consolidating Your Student Loans
From saving money to improving your credit score, there are many benefits to consolidating student loans. Here are the top ten reasons why you should streamline these debts.

1. Peace of mind

Have you had sleepless nights worrying about whether or not you can afford to pay your bills? By consolidating your student loans, you can save up to 60% on monthly payments.

2. Lock in a low interest rate

By organising your Federal student loan consolidation before June 30th of this year, you can take advantage of the current low interest rate of 4.7 percent. As well, you will secure this interest rate for the life of the loan, so you won’t have to worry about a rate increase.

3. Streamline your payments

Have you racked up multiple loans with varying amounts over the course of your time in school? It can be confusing to keep track of all of the bills. When you consolidate, you will simplify your life by only having to pay one amount to on... more

December 29th, 2006 - 08:09 am | permalink

The truth about student loans - Money Talk$
The cost of higher education creeps higher and higher each year, at both public and private colleges and universities. And with that increase comes the need for more financial assistance in the form of not only scholarships and grants, but also student loans.

About 64 percent of all students borrow money to finance college. Annual student loan volume more than doubled from 1990 to 2000 to $37.4 billion, according to one study.

There are two sources for financial aid, one from the federal government and the other from private or consumer companies, including colleges and universities. One report shows that federal aid has changed drastically since 1980. Federal student loans--Perkins or subsidized and unsubsidized Stafford loans--now account for 59 percent of student aid. Grants account for 41 percent of student aid. Twenty years ago, the debt-grant ratio was exactly the opposite.

To aid you in the process of applying for financial aid, here are 10 things you ... more

December 28th, 2006 - 08:55 am | permalink

Drive on with Auto Loans for Bad Credit
Trapped in bad credit? Does your bad credit always lock you out of an auto loan? Auto loans for bad credit can end all such worries as these loans are specially designed for the people with bad credit. These include CCJ’s and IVA’s, defaulters, arrears etc.

Auto loans for bad credit are secured by the automobile itself so the borrowers don’t have to worry about arranging collateral. Security through collateral gives you better interest rates. You are free to select the automobile of your choice and finance it with auto loan with bad credit.

You can consider following tips while looking for an auto loan for bad credit:

• Know Your Credit – Proper knowledge about your credit score can save lot of your money as the interest rate which the loan lenders offer you is highly dependent on your credit score. To know your score you can log on to the websites of credit rating agencies such as Experian, Equifax and Transunion.

• How Much Can You Afford – It ... more

December 26th, 2006 - 08:14 am | permalink

Getting a Mortgage After Bankruptcy
It is unfortunate that many bankruptcy attorneys do not give their clients more direction with regard to restoring themselves after their bankruptcy.

There are some simple steps that anyone who files a bankruptcy needs to take in order to restore themselves financially.

Using these steps below, you can restore your credit and prepare yourself to become a homeowner.

1. Get a copy of your credit report.

Many times (most times) the credit accounts that are absolved with your bankruptcy are not removed from your credit report immediately. You can contact each credit reporting agency (Equifax, Experian, and TransUnion) directly to get a copy.

2. Have derogatory credit items that were charged off in your bankruptcy removed from your credit report.

You will need to send a copy (not the original) of your bankruptcy discharge papers to all 3 of the credit bureaus asking them to remove these inaccuracies. This process can be done by mai... more

December 22nd, 2006 - 09:30 am | permalink

A Guide To Paying Back A Student Loan
A borrower has certain responsibilities to take care of, once a loan is negotiated. In order to keep your loan in good standing, it is important to fulfill all your obligations. A lapse in making a single payment indicates delinquency. You could get into the default record if you continue to ignore your loan repayments. If you face any trouble in arranging funds for paying back your student loan, you need to contact the organization that provided the loan. There are chances that you may qualify for forbearance, deferment or any other form of payment relief.

In most of the cases, student loans do not require repayment until after graduation. Many fresh graduates do not find a suitable placement very quickly. However, after graduation, there is a six months grace period before the repayment schedule begins. Even though a student may identify a good job, he could initially be underpaid, leading to issues with the repayment of the loan.

There are several strategies that... more

December 21st, 2006 - 08:23 am | permalink

Making this Bad Credit Loan the Last You’ll Ever Need
If you are suffering from bad credit in any form, you probably want to do everything you can to clean things up so you can enjoy the world of good credit again. After all, in the media and from talks with the majority of mortgage brokers and big lenders, chances are you’ve been told that bad credit won’t get you anywhere – ever. The great news is that’s rubbish! Working in the bad credit mortgage industry, I personally know that people with bad credit are securing mortgages – good ones with reasonable interest rates – every day. You can too, and when you do, it’s important to decide immediately that this bad credit loan will be your last – ever!

This Bad Credit Loan will be the Last!

It might sound depressing saying that something will be the very last ever, however when it comes to bad credit loans, I’m pretty sure you’ll agree with me that it’s a good thing to decide that it will be your last. That’s because once you secure your bad credit loan, you will be well o... more

December 20th, 2006 - 08:32 am | permalink

Consolidate Private Student Loans - 4 Benefits You Can't Ign
Consolidate private student loans into one manageable loan. Instead of trying to juggle multiple private student loans, why not lump them together and make it easier to manage each month? When you consolidate your private student loans, you replace all of your outstanding private loans with one large private student loan. Sounds like a lot of work? Not really. In fact it's easy and here are the benefits that you'll enjoy.

The key benefit when you consolidate private student loans is lower monthly payments. Instead of making multiple monthly payments on different loans, you would have only one monthly payment. That one monthly payment will be less than the total amount of payments of all the other loans combined. Frankly, this is the time when you need your money the most - for rent, furniture, buying a house or car, getting married, starting a family...

By lumping your private student loans into one loan, you make repayment much more convenient. You get to deal with... more

December 19th, 2006 - 08:23 am | permalink

How to Save on Auto Loans
A smart investor knows he must seize every opportunity that comes knocking at his door - as long as it allows him to save more. Auto refinancing is appealing to those whose credit scores are of good history. This is favorable for a buyer who has no negative records on his account whatsoever.

Auto loan gives the buyer the opportunity to refinance their loan at terms that allows them to save their money. However, refinancing is not saving. At least not what most people deem it to be. Refinancing means deducting monthly payments in order to save a little extra money. Car refinance loans are useful in downsizing.

Auto loans are just a click away, thanks to the Internet. Lenders specializing in refinancing are online to assist possible clients about auto loans. One must submit an application before any negotiation takes place. Provide the same documents required when making a loan at any bank or establishment.

But there are auto loan refinances that do not care... more

December 18th, 2006 - 08:40 am | permalink

Higher limits for VA home loan program
Veterans and their families now have a greater chance to make their dreams of home ownership a reality, thanks to an increase in the Department of Veterans Affairs home loan guaranty limit.

Effective Jan. 1, changes in the loan guaranty limit means veterans will be able to get no-down payment loans up to $417,000. The previous ceiling was $359,650.

The Veterans Benefits Improvement Act of 2004 tied increases in the VA guaranty to the Federal Home Loan Mortgage Corporation's conforming loan limit, allowing VA to keep pace with rising home values.

VA-guaranteed home loans are made by banks and mortgage companies to veterans, service members and reservists. With VA guaranteeing a portion of the loan, veterans can receive a competitive interest rate without making a down payment, making it easier to buy a home.
DAV Magazine, March-April, 2006

3. Bank Account at the least six months old, and bank checks
4. Verification of your current address, such as a utility bill or lease agreement

Most financial institutions require you to make earnings of three times more than the amount you are requesting per week.

For example if you are requesting a Payday Loan Advance of $200.00, the financial institutions regulations may request that you make $600.00 per week; however, some may request you make three times the amount requested per bi week or per month. It simply depends on the regulations of that particular institution.

In most ca...

December 14th, 2006 - 08:20 am | permalink

The Lowdown on Loans
Waiting tables and working summers for a surveying firm gave David Hilmer a nest egg to help pay for college at the University of Wisconsin, Madison. But although the money he saved was a good start, it was far from what we needed.

'After about a year and a half, I was scrambling--how was I going to cover my dorm expenses and tuition?' he recalls. Now working as the director of business development at Little Tornadoes, an Internet consulting firm in New York City, Hilmer says that without numerous student loans (a federal Perkins, Stafford, and a university loan) he might not have been able to graduate.

More than ever, students are now relying on loans to help pay for college. Two-thirds of undergraduate students are in debt when they graduate from college, according to the National Postsecondary Student Aid Study conducted by the National Center for Education Statistics and the U.S. Department of Education.

To make smart decisions about borrowing, you need t... more

December 13th, 2006 - 08:18 am | permalink

Lead A Debt Free Student Life Obtain Debt Consolidation Loan
A prompt and timely repayment always keeps you away from falling into a debt trap. But at the time of financial crisis it becomes quite difficult to make all repayments viable especially if you have taken several debts. To overcome this situation a debt consolidation loan would be the best answer for you.

Too many debts always create a problem with your repayments. Debt consolidation loans help you to repay all your existing debts by consolidating them into one. To be more clear, consider this example. Suppose if you have 3 existing debts. Now when you take a debt consolidation loan, you will make repayment for only this loan. All your previous debts will be merged together and will be repaid automatically by the debt consolidation lender. This will help reduce the size of your repayment and you will be bound with only one creditor.

Student debt consolidation loans also offer several benefits. They come with a very low rate of interest and are charged only after you... more

December 12th, 2006 - 08:32 am | permalink

Simplify Your Complex Financial Needs with Payday Cash Loans
In simple terms payday cash loans can be defined as a loan which provides financial assistance in order to meet sudden expenses, between two subsequent paydays of a person.

Payday cash loans basically have two features, which wholly defines the nature of such loan that are:

•Short term
•High interest

In payday cash loans, there is no need to place any collateral against the loan amount and as a result of which the lender in order to balance his amount of risk involved in the loan charges high rate of interest. But the borrower will not feel any burden of paying high interest as they are repaid within short span of time.

Interest rate, which is being offered, varies from lender to lender. So there is always a need to compare interest rates being offered by different lenders in order to know the competitiveness of the loan rates.

When we avail any payday cash loans, it is possible that a thought might come in our mind that an offer w... more

December 11th, 2006 - 08:27 am | permalink

Preparing To Sell Your Home - 4 Key Steps
It's not something people do very often but there's no doubt it can easily rank as one of the most profitable or most expensive tasks we ever have.

People typically move house 2 or 3 times during their life, so we're not expected to be very experienced in preparing our houses to be sold. However a little advice goes a long way here, because that bit of extra effort in the right area can quite literally mean substantial amounts of extra cash in your bank account. First impressions count highly when buying houses and if your home creates a favourable mark, you are more likely to sell it quickly and you'll probably get a higher price too. Don't give your prospective buyers any excuse not to buy or to knock you down on price.

We're not talking about a fresh vase of flowers here or some fresh coffee brewing. Those things don't cut it anymore and people's expectations are much higher these days. You need to look at some more fundamental changes which may not be easy to achi... more

December 8th, 2006 - 08:45 am | permalink

Make yourself at home: tips for buying your first house
By the end of 2003, the U.S. Census Bureau reported homeownership rates had reached an all-time high 68.4 percent of Americans had invested in real estate. Were you one of these people? If so, good for you!

If not, don't worry. Here are some tips that will he]p you buy a home faster than you can choose a welcome mat.


Before you start house-hunting, the U.S. Department of Housing and Urban Development (HUD) recommends you know your rights as a homebuyer. This will prevent you from being scammed and eaten out of house and home, before you even have one. For instance, the Fair Housing Act prohibits discrimination of potential homebuyers. To read this law, and several others regarding homebuyer's rights, check out the HUD Web site at


After you've read your rights, find out how much mortgage you can afford. As a general rule of thumb, lenders like your monthly mortgage payments to be no more ... more

December 7th, 2006 - 09:00 am | permalink

Your First Car Loan : What You Need To Know
So that bucket of bolts you drove throughout high school and college has gasped its last exhaust-filled breath. It’s done. That means you’re in the market for a new car. Soon you’ll brave the treacherous world of the car lot. Be careful, it’s a jungle out there. Eager salesmen hover like vultures, ready and willing to separate you from your hard-earned cash.

Once you decide on a car, you’ll then have to survive the depths of the dealership, where finance managers lurk at every corner—pen and paper in hand, waiting for you to sign on the dotted line. But don’t worry, with a little prior planning, you can get that new car without breaking the bank.

First off, you need to make a decision: buy or lease? If you like to drive a car until it dies—and with today’s autos running well past the 100,000 mile mark—then you’ll probably want to buy. However, if you see yourself in a different ride every couple of years, then leasing might be the right option for you. In a lease, y... more

December 6th, 2006 - 08:22 am | permalink

Refinance & Mortgage Tips: Your Down Payment Is Key
If you are buying a house, the first thing you need to figure out is how much of a down payment you can afford to make. This may seem like the sort of advice your father would give you, but rest assured there are a few reasons why knowing what you can put down and where you’ll get the money can make all the difference when shopping for a house and a mortgage to finance your new purchase.

Before you pick up your local newspaper and browse the real estate section looking for a new house, call up your banker, your accountant, or your spouse and find out how much you’ve got in savings and liquid assets to make the down payment and pay the closing costs on your mortgage.

First you must consider the source of your down payment, because this affects how much of the down payment your lender will actually attribute to you the applicant for the purpose of qualifying you for loan programs and determining your rates and payments. If the money is from your savings and securities... more

December 5th, 2006 - 08:32 am | permalink

My Credit’s Not THAT Bad! The Real Story!
If you've have ever applied for a charge account, a personal loan, insurance, or a job, there's a file on you. This file contains information on where you work and live, how you pay your bills, and whether you've been sued, arrested, or filed for bankruptcy.

The companies that gather and sell this information are called Consumer Reporting Agencies (CRAs). The most common type of a CRA is the credit bureau. The information CRAs sell is called a consumer credit report.

The errors that occur at the 3 major Credit Reporting Bureaus has reached staggering numbers. With over 75 percent of all credit reports containing some sort of error, the vast majority of consumers has been or will be affected by a problem with inaccurate credit history. At least 25 percent of credit reports contain errors so severe that it would cause a loan or mortgage application to be denied.

The Fair Credit Reporting Act, enforced by the Federal Trade Commission, is supposed to ensure ac... more

December 4th, 2006 - 08:21 am | permalink

Good Things To Know About Payday Loans
People all over the world often experience situations when they need a certain amount of money and there is no one they can borrow it from. This is what life is all about. You cannot plan anything ahead, that you can absolutely be sure of. Time may also be too short, so the only options these people have is using the so called Payday loan. This will always bring the sun out in any difficult situation.

Also known as 'Cash Advance', 'Paycheque loan' or 'Cheque loans', the Payday loans are most commonly considered to be a short term loan where a borrower needs not to place any security for the loaned amount. You can get a Payday loan for any purpose you might have. Should it be for the minor repairs to your home or should you need the money to pay telephone bill, payday loans are the best solution.

There are numerous financial organizations, banks and lending societies which offer payday loans, so the choice is entirely up to you! Nevertheless, the Internet is said to be... more

December 1st, 2006 - 08:18 am | permalink

Buying A Home With Bad Credit
The worst thing about buying a home with bad credit isn't that it is that difficult. It is the fees and interest rates you'll have to pay for your home mortgage loan. Use the following techniques to repair that credit and so lower the rates you'll pay. If you can't take the time to do that, see part two for some other options.

Buying A Home With Bad Credit - Part One

If you have the time to do it, you can fix that bad credit, at least a little. This will not only make it easier to find a lender, but also get you a lower rate. Pay 2% less on that mortgage loan interest rate and you'll save more than $70,000 in interest over the years (based on a 30-year $140,000 loan). Here are some ways to fix that bad credit report.

First, see what's on it. To get access for free online, try a search for 'free credit report.' If you are denied credit based on a report from a local credit reporting agency, you can request a free credit report from that agency within 30 day... more

November 30th, 2006 - 08:30 am | permalink

Mortgage Loans After Bankruptcy
Many people believe that once they file for bankruptcy they will have a difficult time getting a mortgage loan. However, there is still hope for being approved even with a recent bankruptcy. If you have bad credit and apply for a mortgage loan, more emphasis will be placed on your income your down payment.

Most lenders prefer to wait until two years after your bankruptcy before considering a person for a mortgage loan. After these two years, it should be relatively easy to get financing. In addition, you will probably be able to get one hundred percent financing. This will happen as long as all your payments have been reported as on time to the credit bureau since your bankruptcy.

If you want to get a mortgage loan before the two year period is finished then you will need a pretty much flawless payment history since the time you filed for bankruptcy. In addition, you will need to provide a down payment. The down payments usually range between three and five percent ... more

November 29th, 2006 - 08:36 am | permalink

Payday Loans – What You Must Know!
Sometimes when things become a little tough, we do things without too much thought. Usually because we want to put the tough thing behind us and move on. This can result in jumping in on payday loans and regretting it later. Payday loans aren't all that evil as long as you know what you're getting into and you take some time thinking about actually doing it and how you'll later terminate the loan.

To begin with, payday loans aren’t always a good choice! Don’t get tricked by the ads from the mall, radio, television or Internet. Even if you desperately need some cash until your payday, you should consider all the alternatives first. In my opinion, a brief definition for payday loans is expensive cash.

Payday loans are short-term cash loans. The amount of money that can be borrowed regularly ranges from $100 to $1,000, and it depends on the laws of each state. The average term is about two weeks. Payday loans are made by check cashers, finance companies, payday loan st... more

November 28th, 2006 - 09:43 am | permalink

The Benefits of Auto Refinance
Auto refinance is one of those things that really rather puzzles people. Why would I want to take out a loan in order to pay off another one on my car? There are actually several very good reasons why you might want to consider auto refinance.

The first is that if you refinance your car you will probably be able to make lower monthly payments. For example, when you took the original loan for the car you probably took it over three years. You have now paid for some of the car, how ever many months you have paid the loan for. If you use auto refinance you will be able to get it for a further three years: as you are financing a smaller sum then the monthly repayments will be lower.

The second is that you might have had an improvement in your credit rating over the year or so that you've been paying the loan. In fact, if you've been paying a loan properly for a year your credit rating will almost certainly have improved. This would mean that you could, with auto refinance... more

November 27th, 2006 - 08:47 am | permalink

Student Loan Advice And Information
Student Loans

For many students, the dream of getting a higher education just isn’t possible without the financial aid of a student loan. Fortunately, there are many opportunities out there to apply for and receive a student loan. And even better, is here to give you all the knowledge you need to choose the best student loan for you.

Student loans generally come from two sources: the federal government and private financial institutions, such as banks. Both require repayment of the loan, but that’s where the similarities end. Let’s take a look at both federal and private student loans.

Federal student loans are sponsored by the government and account for the biggest chunk of education loans. There are three main federal loan programs: The Perkins Loan, The Stafford Loan, and The Parent Loan For Undergraduate Students, also known as PLUS.

The Perkins Loan is the most affordable student loan, with an interest rate of 5% and low fees. B... more

November 26th, 2006 - 08:15 pm | permalink

California Bad Credit Mortgage
California is a beautiful place to live There is no doubt about that. But, to live in California you must pay the price, which is sky high real estate prices. Renting, as opposed to buying in California, can save a little bit of money. However, renting has the disadvantage of not building any equity. As home prices in California continue to rise, you may want to be a homeowner and take advantage of the home appreciation factor. If you're going to be paying a lot of money to live in California anyway, you might as well be making some money on top of it too, right?

Now, if you have bad credit and are trying to get a home loan for California home prices, this may seem like an impossible situation. Home prices are high and if you already have poor credit, the fact that you need to be approved for such a high loan amount can be an added difficulty when trying to get a home loan.

However, there is hope. There are so many programs available today to help people with recent b... more

November 22nd, 2006 - 04:20 pm | permalink

PayDay Loan Online How Do Online Payday Loans Work?
How online payday loans or cash advance loans work? Online payday loans usually work by first filling out a pre-approval application. 90% of the time, your credit is not pulled. Most payday loans are not based on your credit history, so, even if you have bad credit you are still welcome to apply. If having your credit pulled is a concern to you, check their FAQs page, that will usually tell you whether or not your credit will be pulled.

After you have filled out the initial application, you should receive a response on whether you are pre-approved or not. Responses vary, but most online payday loan companies will give you a response instantly. By clicking on the link below, you can view our list of recommended payday loan companies and we will tell you which ones can give you a 30-second approval.

If you are pre-approved, they will usually ask for some kind of income verification. Some online payday loan companies require you to fax them a pay stub and/or a bank state... more

November 21st, 2006 - 04:41 pm | permalink

No-Cost Student Loan Consolidation
No-Cost Student Loan Consolidation
A no-cost student loan consolidation doesnt that just sound too good to be true? Think about it. You have just accrued thousands of dollars in debt through student loans after 4 years of college, or possibly even more. Then, a company offers to take all of your loans off of your hands, put them into one central loan, and do it all for free! Well, while it might not be too good to be true, it all depends around your particular situation, which could make this a free process, or could still work out to the benefit of the consolidation company that you are working with throughout the process.

How A Student Loan Consolidation Works
Here is how the student loan consolidation works. You have used up thousands of dollars in student loans to pay your way through college, obtain housing throughout college, and pay for other odds-and-ends while attending college. A student loan consolidation then takes all these different loans, pays for each ... more

November 20th, 2006 - 09:45 am | permalink

Pros And Cons Of Home Equity Loans
Home equity loan is one among the most popular home loans available today. It is a second mortgage loan with characteristic properties of a secured loan. The popularity of the home equity loan has attracted many people to home equity loan. In general, equity loans does not have arise much complaints from the people. However as any other coin, home equity loan also have two sides. Hence, the detailed analysis of the loan is essential to differentiate the features of the home equity loan. The cross analysis of the pros and cons of the home equity loan helps to avoid stepping in to the home loans with false expectations.

The pros of the home equity loans include the advantages that a borrower can enjoy from the home equity loan. The benefits of the home equity loan usually outweigh other secured and unsecured loans since it is a risk free loan for the lender. The home equity loan provides maximum amount, in proportionate to the value of the equity. For good houses situated in the... more

November 17th, 2006 - 09:46 am | permalink

Things You Should Know About Real Estate Offers
So, found the perfect home for you and your family? Congratulations! But it is only now that the hard work begins. This is because you also have to write an offer for purchasing the house. It is not as simple as it seems, as the offer you write is the first step towards negotiating a sales contract with the seller. Well, as your offer is the beginning of negotiations, you must choose the best strategy before you start writing it.

Always keep in main the fact that your goal is to get what you want. Try putting yourself in the seller’s shoes and imagine his or her reaction to the things you include in the offer. This is the only key to the success in your attempt to achieve that particular goal.

Writing an offer for a house is not only about the price you are willing to pay, but other details of the purchase as well. This includes how you intend to finance the home, your down payment, who pays what closing costs and the terms of cancellation. You also have to think abou... more

November 15th, 2006 - 08:58 am | permalink

Cash Advance Online
Now it is easier than ever to get a cash advance without even leaving your home. How? If you have access to a computer with an Internet connection, then you can get a cash advance as you watch your favorite television show.

All you have to do is do a search for cash advance and/or payday loan, then pick the company you want to work with. Answer a few questions like, how much you make, your age, and if you have any unpaid payday loans. Once that is done you will wait for a reply and never have to leave your seat. No waiting in line. Everything is done online.

You don't even have to go to an office to pay back the cash advance. It will be taken directly out of your checking account. Who knew getting that extra cash you need would be so simple?

You can do anything you like online, if you need more time to pay and the company will let you put off the payment, just send a email to them. It's that easy. Once you pay off the loan and ever need another one, it will... more

November 13th, 2006 - 10:59 am | permalink

Auto Loan - Funding The Car You Always Wanted
Buying a car is no longer a luxury, but a necessity today. Even so, owning one is still beyond the reach of the average person. An auto loan is the answer to overcome this monetary hurdle.

Since a loan would require periodical repayments to be made, an assessment of the monthly family expenses would be helpful in deciding how much ought to be allocated toward car repayments. Though a twenty percent spend from the monthly budget is advised by expert opinion, it must be determined on a personal basis, of course.

However, before applying for the car loan, one needs to make sure what one wants and how much it will cost. The search for a suitable make and model should begin keeping in mind the family’s size, lifestyle, and what one can afford. This would include the options of a new or used machine. A balanced approach would be best when selecting a model. The sports coupe may look fabulous, but may not suit your budget, or your needs. The more sober sedan may be the right... more

November 10th, 2006 - 08:56 am | permalink

Easy Home Equity Loan - Is A Home Equity Loan Online Easy?
Today, online services make applying for home loans easy and convenient. One particular loan that is widely offered on the internet is home equity loans. Owning a home makes it easier to get your hand on extra cash. If the home as gained equity, owners may tap into this equity in the form of a home equity loan. Here are a few tips for applying online for a home equity loan.

Benefits of Applying for Online Home Equity Loans

The major advantage of using the internet to apply for an online loan is speed and convenience. Ordinarily, homeowners would have to visit their local bank branch, complete an application, and wait up to a week for a response.

With online home equity loans, the process is much shorter. Homeowners can apply for a loan within the comforts of their home, and receive a response through email.

Choosing an Online Home Equity Lender

There are multitudes of home equity lenders that operate online. For this matter, choosing the rig... more

November 8th, 2006 - 09:19 am | permalink

Guide To Find A Cheap Home
If you are in the market for a new home you will probably want to save money; this is something that every buyer is interested in. And the good thing is that there are options out there that make this possible. Believe it or not, finding a cheap home can be done if you take your time and know where to look. From the start you should know that finding a quality cheap home is not the easiest thing to do. Remember, a cheap home is priced that way for a reason. But this does not mean that you should stray away from these properties. In fact, some people are drawn in by the potential that cheap homes offer.

When buying a cheap home beware that you are not going to get the highest quality. You will be buying for price, not for quality. So if you are going to buy a cheap home you need to come to grips early on with the fact that you will have to do some repairs before you can move in; there is nothing wrong with this as long as you are prepared before hand.

Finding a cheap h... more

November 7th, 2006 - 03:07 pm | permalink

Disadvantages of Choosing an Adjustable Rate Mortgage
There are many advantages and disadvantages to choosing an adjustable rate mortgage when you are shopping for a home. It is important that when you are trying to secure a mortgage for your home that you research both the pros and cons to the current situation before deciding on an adjustable rate mortgage or a fixed rate mortgage.

The chief disadvantage of an adjustable rate mortgage is the changing payments. There is a possibility that your mortgage payments will go down when the interest rate is lowered, however there is the risk that your payments will go up if the interest rate at the next interest rate review is higher than the original rate. This is the main reason that lenders will caution you against an adjustable rate mortgage.

The risk is also the most important reason that many borrowers will not consider an adjustable rate mortgage. There is a risk of the interest rate being considerably higher when the mortgage comes up for an interest rate review.
<... more

November 6th, 2006 - 10:58 am | permalink

Discover The FOUR Essential Questions You Must Ask
How can you be sure you’ve got the right mortgage broker as you shop around?

First: make sure you are working with an experienced, professional loan offi cer. The largest fi nancial transaction of your life is far too important to place into the hands of someone who is not capable of advising you properly and troubleshooting the issues that may arise along the way. But how can you tell?

Here are 4 simple questions your lender ABSOLUTELY must be able to answer correctly. If they don’t have the answers…RUN…DON’T WALK… RUN…TO A LENDER THAT DOES!

1. What are mortgage interest rates based on?

(The only correct answer is Mortgage Backed Securities or Mortgage Bonds, NOT the 10-year Treasury Note. While the 10-year Treasury Note sometimes trends in the same direction as Mortgage Bonds, it is not unusual to see them move in completely opposite directions. DO NOT work with a lender who has their eyes on the wrong indicators.)

2. What is the next Eco... more

November 3rd, 2006 - 09:56 am | permalink

Getting Private Student Loans For 2007
If you are considering options to federal aid for funding your education, one of them is likely to be private student loans. This option provides an additional source of funding for those who are looking for a supplement to federal aid and will enable them to purse their dreams of higher education.

Private student loans have their own advantages. To illustrate, applicants can get loans for more than $20,000 and this usually takes only a few minutes to approve. Another good point, unlike federal aid, is that there are no application deadlines. This means anyone can apply at any time by simply approaching one of the accredited education institution. Furthermore, private aid is awarded on creditworthiness. and not on need-based criteria.

Usually, the interest rate of student loans are fixed and borrowers need not worry about fluctuating rates that would increase the interest payments. Besides this, private college loans offer affordable repayment options comparable to fe... more

November 2nd, 2006 - 08:14 am | permalink

Real Estate Timing Buying And Selling
In recent years, many economists have recognized that the lack of effective real estate laws can be a significant barrier to investment in many developing countries. In most societies, rich or poor, a significant fraction of the total wealth is in the form of land and buildings. In most advanced economies, the main source of capital used by individuals and small companies to purchase and improve land and buildings is mortgages -- bank loans for which the real property itself constitutes collateral. Banks are willing to make such loans at favorable rates in large part because if the borrower does not make payments the lender can foreclose, that is, file a court action that lets them take the property and sell it to get their money back. But in many developing countries there is no effective means by which a lender could foreclose, so the mortgage loan industry as such either does not exist at all or is only available to members of privileged social classes.

1. Buying and sellin... more

November 1st, 2006 - 11:24 am | permalink

Is A Payday Loan Really A Good Deal?
All of us have had those times when could simply use another couple of hundred dollars to get us by until the next paycheck. Financial tight spots can come unexpectedly. One way that might help you to cover those sudden needs or want of extra cash is by getting a payday cash loan. These loans are real easy to get. Here is a little more information to show you what is involved.

Easy To Get

A payday loan has got to be one of the easiest loans to get. Very little is needed in order to qualify. in many cases, you simply need to prove that you are at least 18 years old, have lived in one place for the last six months have a checking account, and make more than $1,000 (some say $1,500) per month.

No Credit Check Or Collateral

These things are real quick to apply for. No one is turned down who meets the basic requirements. There is no credit check since the money is actually deposited into your checking account - and then withdrawn from it, too. When you ... more

October 31st, 2006 - 09:07 am | permalink

Solar Home Improvements and Tax Deductions
Going solar is all the rage these days with massive financial incentives fueling the fire. Here’s a little trick to write off an additional part of your solar system purchase.

Financing Your Solar Improvements

Improving your home with a solar panel system is financially advantageous these days. The federal government, most states and even cities throw financial breaks at you to promote going solar. With the federal government, you are going to get a $2,000 tax credit, a figure that is subtracted from the amount of tax you owe the IRS at the end of the year. States pursue a variety of plans, but most offer rebates wherein they actually pay for part of your new system. Cities also offer rebates, often by discounting your property taxes.

On top of all of this, you can take advantage of net metering laws in a majority of states. Net metering simply means you can sell your solar electricity to the local utility when you aren’t using it. Known as being on the gri... more

October 30th, 2006 - 08:15 am | permalink

Time For A Student Loan Consolidation Loan?
If you have taken out several student loans then the time to consolidate could be now. There are several great debt consolidation loan programs available to help you pull all of your loans together into one easy to make monthly payment. Stay tuned for some helpful information!

Upon completing college, your first job probably paid little while your expenses have been sky high. It is not unusual for grads to have student debt in the neighborhood of $50-100,000 in school loans. New auto payments, credit cards, and living expenses can jack up your debt levels tremendously. You need help and help is available to you in form of a student loan consolidation loan.

So what is student loan consolidation loan anyway? It is one type of a loan that permits you to take two or more student loans, pay them off, and make one single monthly payment to one lender. Specifically, if you have three loans owed to three separate lenders, you may always feel that all that you are doing is rig... more

October 26th, 2006 - 01:15 pm | permalink

Bad credit loans within reach
People with a bad credit history often think that getting bad credit loans is next to impossible. This is actually not the case. Getting financing to buy a home, a car or to other purposes is easier than you may imagine, because there are several ways of having a loan application approved for those with bad credit. It is true that lenders can be reluctant to giving loans to people with poor credit records, yet options for bad credit loans are always available, as well as solutions for bad credit repair. If banks usually refuse bad credit personal loans under standard terms, there are companies offering substandard bad credit loans, and their financing conditions are considered acceptable by most people with a poor credit history.

The common belief is that bad credit loans are bound to come with very high interest rates, especially when it comes to bad credit personal loans. However, although interest rates for people with a bad credit history can be higher, they are not always... more

October 25th, 2006 - 03:40 pm | permalink

How A Mortgage Calculator Can Help You Determine When 2 Refi
Interest rates constantly fluctuate, so when is the time right to refinance your home? One of the tools that can help you decide this is a mortgage calculator.

It shows you what your new payments will be, and whether the difference is worth the leap right now.

The most common reason to do a straight refinance is to take advantage of lower interest rates to lower the payment or reduce the term (the number of years to finish paying off the note.)

To work with a refinance mortgage calculator, you'll need to know details about your current loan like the original loan amount, the original term (number of years to pay off), the number of months you've already paid, your interest rate, and, perhaps, the number of years until you intend to sell.

For the new loan, the mortgage calculator will want to know the loan points and interest rate on the new loan and approximate closing costs. Don't even try to figure it out on your own. Just look up several refinance... more

October 24th, 2006 - 07:59 am | permalink

Student loan strategies and tips for 2007
It is quite difficult for graduates to find easily and immediately a job to be able to cover their daily expenses and pay back the loans for their recently graduated studies. Most lenders offer a period of grace for six month after graduation, but sometimes it may take more than a year for a graduate to find a decent job. Even if they do find such a job, they discover that as a beginner they are underemployed, work part-time or even have a temporary employment with no perspectives. So, after the six month period of grace the re-payment is supposed to begin, and they need help if they are in the impossibility to cover all their expenses, including the loans.

Strategies for the New College Graduates
Student loans repayment can be a real nightmare without adopting some strategies that would help the new graduates to organize their social and financial life. Here are some strategies they can use to do this:
- An additional part-time job;
- Freelancing is another optio... more

October 23rd, 2006 - 08:41 am | permalink

Choosing Mortgage Refinancing For Debt Consolidation
Refinancing your home mortgage loan is a smart way to pay down your debt faster and save money at the same time. So is applying for a home equity loan. Either can be viable options for those whose debt has become unmanageable and who are looking to consolidate their debt into one loan with a more favorable interest rate. What’s even better is that the interest paid on a home equity loan or mortgage refinance loan is tax deductible whereas the interest you pay on your credit cards is not.

There are some who caution against tapping into these sources of cash for debt elimination because the home is used as collateral. If for some reason the home equity loan or the refinanced mortgage loan cannot be repaid, the borrower’s home can be at risk.

Determining your home’s equity

Unfortunately, you can only tap into these sources of cash if you have equity in your home. How do you know if you have any equity? You start by determining your home’s market value. From that... more

October 19th, 2006 - 08:25 am | permalink

Hot Tips For Buying Your First Home
The only way to keep up with the latest about Buying First Home is to constantly stay on the lookout for new information. If you read everything you find about Buying First Home, it won't take long for you to become an influential authority.

How can you put a limit on learning more? The next section may contain that one little bit of wisdom that changes everything.

For a first time home buyer, the process can get quite overwhelming, giving you the feeling that the financial decisions are rapidly spinning out of control. When it comes to real estate, most people don’t have a lot of experience or know a lot about it. In all actuality, buying a home is actually a simple process. All you need to do is understand the basics, which will go a long way in helping you buy your very first home.

The first thing you should know is to avoid pre payment penalties at all costs. What this means, is that if you buy the home then later want to sell it before the balance of y... more

October 18th, 2006 - 10:38 am | permalink

How Does A Home Equity Loan Work?
Prior to applying for a home equity loan, knowing how these particular loans work is crucial. Although home equity loans are great for obtaining quick cash, they are slightly different than other types of loans. Furthermore, the risks are much greater.

What is a Home Equity Loan?

Home equity loans are a type of credit account that uses your home as collateral. Ordinarily, these loans have a fixed interest rate, term, and monthly payment. On the other hand, a home equity line of credit, which is another type of home equity loan, may have adjustable rates and varying monthly payments.

Home equity lines of credit are revolving credit accounts, which have an average length of ten years. Monthly payments are calculated based on the dollar amount withdrawn from the open line of credit.

Advantages of a Home Equity Loan

For the most part, home equity loans offer lower interest rates and provide homeowners with possible tax deductions. When applying ... more

October 17th, 2006 - 07:52 am | permalink

A Beginners Guide To Payday Loans
Payday loans seem to be a possible solution to meet your emergency money requirements. Payday loans are the short term unsecured loans for minimal amounts. Payday loans can be used to serve any purposes such as paying medical bills, automobile repair, and repayment of any other loans or to avoid the bouncing of any other check. The emergence of multiple online payday loan companies has made the payday loan a more easy option for the people as the processing formalities have become easy. Moreover the payday loans do not involve the hassles of credit checking

Payday loans are structured to satisfy the small money needs of an employed person in between his paydays. And as the name of the loan signifies, you have to repay the amount on the payday. The payday loans processing prerequisites are nominal and there is no need to submit any collateral security, as the loan is an unsecured one. The employment details will be sufficient for a payday loan approval. However, the attributes ... more

October 16th, 2006 - 08:27 am | permalink

Record Breaking Luxury Home Prices
As the average price of homes on the market continue to fall, the same is not true for the luxury home market. There are currently three homes on the market in the United States boasting nine figure pricetags. The first property is know as 'Hala Ranch', currently owned by Saudi Prince Bandar. This property has a price tag of $135 million and is the most expensive piece of property on the market. Located in Aspen, Colo. the main residence has approximately 56,000 sq. ft. and is set on 95 acres of land. The property also has it's own car wash and gas pumps.

The second most expensive piece of property currently belongs to real estate mogul Donald Trump and is known as 'Maison de L'Amitie' which means house of the friendship. This property located in Palm Beach, Fla. boasts 80,000 sq. ft. and come complete with panoramic ocean views, marble and 24 kt gold bathroom fixtures and separate coat closets and bathrooms for men and women just off the main entryway. The selling... more

October 13th, 2006 - 09:19 am | permalink

Understanding Mortgage Terminology
Purchasing a home is a smart investment. However, if you’re purchasing a home for the first time, there is some terminology you need to be aware of regarding your future home mortgage. Here are some common words and terminology you’ll encounter when you’re looking for a home loan.

Adjustable Rate Mortgage (a.k.a. ARM Loan): An Adjustable Rate Mortgage is a home loan where the interest rate adjusts throughout the term of the loan. ARM Loans usually have an initial interest rate that is lower than that of a Fixed-Rate Mortgage. This low interest rate is locked for a set length of time. Once that time has expired, the interest rate can go up based on market factors. The lower initial interest rate helps those who can’t afford a fixed-rate mortgage get financing for their home. However, the interest rate will most likely increase after the initial term of the low interest rate expires.

Annual Percentage Rate (APR): APR is the interest rate quoted by the lender plus additi... more

October 12th, 2006 - 07:48 pm | permalink

Are Cash Back Credit Cards A Good Thing?
Receiving cash back offers always gets people interested. Especially if it means that you can make purchases with your credit card and getting cash back. It's like getting paid to shop, and is irresistible. But can this be?

Actually there are credit cards where you get some cash back, but its usually something between 1% and 3%. This doesn't sound like a lot, but most people won't care how much it is as long as its free.

This is a promotional gimmick designed to attract more customers and to encourage them to buy with their credit cards. Obviously those who buy more will get a little more than those who buy less. However note that the actual amount that is given per transaction may have an upper limit. This is put in place to prevent people from spending indiscriminately, just for the sake of the money they get back.

The fact that they give you cash back or wants to attract more clients doesn't mean they will just give a credit card to anybody who applies.more

October 11th, 2006 - 08:39 am | permalink

Moving In Your New Home
Now that the paperwork belongs to the past and the movers have left leaving you alone to admire your new property, it is time to sit down and list all those things you will have to do before being able to relax on your couch or back yard and admire your new possession.

- First of all, install new locks. Since you probably have no idea who has a copy of your current keys, it is best not to take any chances. Consider making an extra set of keys and giving the copy to your parents or best friend.

- Of course, purchase a fire extinguisher for the kitchen and one for the garage and keep them handy. Check and replace if necessary, all the batteries in the smoke detectors.

- If the house needs any preventive maintenance do it as early as possible. It will be really frustrating having to deal with contractors or paint while all your possessions are located inside the house.

- Check to see that all possible damage, like wet wood conditions or walls' deteriora... more

October 10th, 2006 - 08:22 am | permalink

Re-Mortgaging – Look Into It
Are you paying more than you need for your mortgage? If you’ve had a mortgage for a few years, do you know even what your interest rate is? Once the initial mortgage deal is done, you tend to forget about it. The payment goes out of your account with alarming regularity. If you’re on your lender’s standard variable rate, there’s no doubt that you can save money by re-mortgaging.

There’s nothing complicated about arranging to re-mortgage your property. People are doing it all the time. Apart from the simple fact that you can save money by shopping around, there are other reasons for re-mortgaging too.

Someone whose family is growing may feel they ought to look for a bigger house. If the children are settled in local schools and rising house prices prevent a move within the area, they may consider improving their current home to provide more space and better facilities. A re-mortgage could provide the money to carry out these alterations.

Buy-to-let owners migh... more

October 9th, 2006 - 08:24 am | permalink

Loan - Get Student Loan Easily!!
Student loans are loans offered to students to assist in payment of the costs of professional education. These loans usually carry lower interests than other loans, and are usually issued by the government. At Student Loan Funding education funding is our only business. We deliver more funding options and higher approval rates than any other student loan lender. Apply today for quick credit approval of your college loan. Student loans are loans offered to students to assist in payment of the costs of professional education. These loans usually charge lower interest than other loans, and are also usually issued by the government. This article details how the systems work in different countries.

The most important expenses considered for granting loans are:
• Fees payable to college or school
• Examination fees
• Library fees
• Laboratory fees
• Cost for housing, food and living
• Purchase of books and uniforms
• Travel expenses for studies abroadmore

October 5th, 2006 - 08:05 am | permalink

Cash Advance Tips
All things involving money take time to learn, this just means that if you do not take care of how you spend money, then you will find yourself in a constant jam. This is not to deter you from spending money, it is just to open your eyes to the reality of how money is becoming a serious issue because people are neglecting to take responsibility for their actions involving money.

The horrible thing about debt is that once it starts, it always seems to escalate and you can’t get out of the deep black hole; however, you find that no matter how hard you try, you always end up needing to spend more money. A payday cash advance is the option that most people are using; this is due to the fact that people are finding out how easy it is to meet all the requirements to apply for a cash advance loan, which is in fact a short term loan. Application is also made easier by the fact that people can now apply for these cash advances via the Internet instead of having to queue up in stores a... more

October 4th, 2006 - 09:11 am | permalink

Why Lower Monthly Payments Can Benefit You in the Long Run
Student loan consolidation is more beneficial than you might think. First of all, you will get a fixed rate and protect your loans from rate changes that can go as high as 8.25% on federal student loans. You'll have one lender and one monthly payment, streamlining your repayment obligations and giving you less of a headache. You'll also be able to extend your loan up to 30 years, which in effect will dramatically lower your monthly payment and save you hundreds of dollars each month. But the benefits of student loan consolidation continue. Have you ever thought about what you can do with all that money you'll be saving each month? Why not save and invest it? Rather than spending that extra money each month, make that extra money work for you. Below you will find just some of the ways you can put that extra money to good use.

Emergency Fund
The money you save each month should first go into an emergency fund. Job loss, a natural disaster, an injury, or any other life cris... more

October 3rd, 2006 - 10:59 am | permalink

Arkansas Home Loans
Home loan certainly to be a better alternative to the rent we pay each month for shelter. In taking up the same liability as the rent, give or take a few dollars, one could become a proud owner of a home. A regular rental payment does not bring any returns, but a regular home loan
repayment results in ownership of one of the most sought after assets of human life.. HOME. An Arkansas home loans option could give you the chance to achieve this goal. An Arkansas home loans option could also help you to move up in life i.e. move into your dream house from the present one.

Firstly, you will need to decide upon which of the Arkansas home loans catch your interest. Any loan provider can give you the general details of mortgages available, which can help you to calculate, and customize to your needs. The most common Arkansas home loans available are fixed
and adjustable rate mortgages.

Fixed rate Arkansas home loans offer the security of fixed repayment plan at one ... more

October 2nd, 2006 - 08:16 am | permalink

Consolidate Federal Student Loans - Make Your Student Loans
When you consolidate federal student loans, you replace all of your existing federal student loans with one easy to manage loan. Why would you want to do this? Here are four reasons why you will want to consolidate your federal student loans.

If you have several federal student loans, each loan requires you to make monthly payments that, when added up, can be a heavy monthly burden. By consolidating your federal student loans into one loan, your monthly payment will be much less. That makes your debt much more manageable at a time when you probably need your money the most.

Also, by lumping all of your federal student loans into one loan, you simplify the repayment process. It's much easier keeping track of one monthly payment with one lender instead of keeping track of multiple loans with multiple lenders, all with different due dates.

Another benefit of consolidating is you can get a lower interest rate. This helps offset the cost of lowering your monthly p... more

September 29th, 2006 - 08:13 am | permalink

Recovering Bad Credit By Getting A 2nd Mortgage Refinance
One way you can start rebuilding your credit is to take advantage of a bad credit 2nd mortgage refinance. These are programs offered by many lending institutions and designed specifically to help those with bad credit obtain a mortgage refinance. Most people who find themselves in the position of needing a bad credit 2nd mortgage are those who are in a great deal of debt, and who wish to consolidate it. In this way, a bad credit 2nd mortgage refinance can help a person ease the debt burden and start to rebuild credit.

Debt consolidation with a mortgage refinance

It is possible for you to refinance your mortgage in order to consolidate your debt. When you do this, you take out a 2nd mortgage on your home, paying of the 1st mortgage and using left over cash (since your home likely has increased in value, and you have paid off some of your first loan) to consolidate your other debts. This can be quite useful in helping you lower your monthly payments and reduce the amoun... more

September 28th, 2006 - 12:23 pm | permalink

Student Loan Consolidation Helps Reduce Monthly Payments
Paying for education can be a daunting task, whether you are a student working on finding money, a graduate working on your budget, or a parent trying to minimize the cost of your child’s education.. Student loan consolidation can save money now by reducing your monthly payments; and in the future via a lower interest rate.

Loan consolidation is the process of combining multiple student loans into one new loan. Most federal student loans can be consolidated. Fortunately, consolidation can occur while you are still in school, during your grace period, or when repaying your loans. However, you can only consolidate your student loans once. It’s crucial to have a thorough understanding of student funding options in order to make smart financial decisions that will inevitably have a long-term impact and benefits. Consumers must choose experienced, trust-worthy loan consolidation specialists that can answer all questions and equip families with up-to-date information on current inte... more

September 27th, 2006 - 08:33 am | permalink

How To Get A Better Remortgage
How do I go about remortgaging

Remortgaging means you repay an existing mortgage and replace it with a new one, usually with a different lender.

It is now much easier to remortgage than it was in the past and many homeowners can benefit. Some lenders even have dedicated services for remortgaging with deals on legal and arrangement fees. The mortgage market is now huge and can appear complicated, so it may be difficult to know where to start.

What should I consider when remortgaging?

Firstly think about why you want to remortgage and workout whether the benefits will outweigh the costs. The main reason for remortgaging could be to reduce monthly payments by obtaining a cheaper mortgage deal on a lower interest rate. You may also want to change the repayment period, perhaps to ensure you have paid off the mortgage before you retire. Alternatively you may wish to release some of the equity in your property for other purposes, such as home improvements. ... more

September 26th, 2006 - 08:39 am | permalink

Fixed Rates vs Variable Rates - A Beginner's Course
The student loan industry can be perplexing, especially for those financially challenged individuals who don't know the difference between a fixed interest rate and a variable interest rate. It is essential for any and all borrowers to understand this vital loan information, as interest rates directly affect the loan amount borrowed and the amount a borrower will pay over the life of the loan. Below you will find some basic definitions of fixed interest rates and variable interest rates, as well as some advantages and disadvantages of each type of interest rate.

Interest rate: the cost of borrowing money, usually expressed as a percentage, paid to the lender

Fixed interest rate: an interest rate that remains the same for a set period of time regardless of the changing underlying interest rate index

Why am I charged interest?
Borrowers pay interest for the privilege of borrowing

Lenders charge borrowers fees and interest for the use of their m... more

September 21st, 2006 - 08:33 am | permalink

How do I Make Sure I get Approved for a Student Loan?
When it comes to finding finance for college, there are many things that ought to be known in order to successfully get approved without delays or hassles. By following these guidelines you’ll be able to turn the odds to your side and get a much better deal when searching for student loans.

There are many questions that need to be answered before rushing in to apply for a Student Loan: Which loan do I need? How much money will I request? How long do I want the loan to last? What if I already have outstanding loans? How about the interest rate? Let’s go step by step and answer these questions before going on:

Loan Types

There are mainly two types of Student Loans: Government student loans and private student loans. Federal Student Loans come with lower interest rates and are provided without consideration of credit score or history while private student loans carry higher interest rates, have more flexible terms that can be negotiated with the lender and appr... more

September 20th, 2006 - 08:18 am | permalink

Mortgage, Mortgage Reginancing, Calculator
You might think that deciding to refinance a mortgage requires only a quick comparison of loan interest rates. Unfortunately, that’s not really true. Refinancing is trickier than that! Fortunately, three useful rules of thumb can often help you make sense of refinancing opportunities.

Rule 1: Don’t Ignore Total Interest Costs

You really want to use refinancing as a way to reduce the total interest cost you pay. While that sounds simple in principle, it is sometimes difficult to do. The interest costs you pay are a function of the interest rate, the loan balance, and the loan term period.

When people refinance, they tend to focus solely on the loan interest rate. But they often don’t pay as much attention to the loan term or the loan balance.

When you use refinancing—even refinancing at a lower interest rate—to increase your borrowing or to extend the time over which you borrow, you often aren’t saving money.

Rule 2: Trade Expensive Mone... more

September 19th, 2006 - 04:40 pm | permalink

Home Equity Loans Vs. Refinance Loans
To many people, there seems to be very little difference between a home equity loan and a refinance loan. However, there are some differences. You will find that a home equity loan, whether it looks like a more traditional loan or a line of credit, offers a little more flexibility. However, the refinance loan usually offers a lower interest rate. Both types of loans, however, have interest that is tax deductible. Make sure you understand the features of both before making a decision between home equity loans vs. refinance loans.

Home Equity Loans

Included in home equity loans are home equity lines of credit. You can decide how much of your equity you want to use as collateral for the loan. Equity is how much you “own” of your home. It is the difference between how much you have left to pay on your home loan and how much your home is worth on the current market. You can borrow part of your equity, or you can borrow all of it. Additionally, you can choose how you want t... more

September 18th, 2006 - 03:27 pm | permalink

Home Equity Loans without Equity?
Even if you haven’t built any equity on your home yet or if you need more money than the amount you have built on your home, you can get a 125% home equity loan that will let you get a quarter more money above your home value.

This means that if you just bought your home and you financed 100% of its value, you could still get 25% of its value from a home equity loan. If your home value is $200.000 this implies that you can borrow up to $50.000. If you have already paid 10%, you could borrow $70000 and so on.

Loan Requirements

In order to qualify for this kind of loans you need to meet certain requirements. Requirements are mainly associated with your credit score and history. Nevertheless, each lender has its own requirements and you can always consult with them weather you’ll be able to get a loan or not. Bear in mind that your credit report will be pulled so you might want to check everything is in order before applying as you may get declined and this wil... more

September 15th, 2006 - 08:20 am | permalink

Buying a Home with Zero Cash and Bad Credit: Fact or Fiction
I know it sounds too good to be true, but you really can buy a home with no money and bad credit. With the relaxed lender cash and credit requirements, it’s still possible. But don’t wait. They won’t be this forgiving for much longer.

So, it’s a fact…but for how much longer?

You may have owned a home before and are presently renting, or are a first time homebuyer and need a way to break into the housing market but held back because you thought you required a substantial down payment. Or you may be in the position where you do not want to liquidate your financial assets to use as a down payment on a home. Regardless of your present situation, you want a way to get into or to reenter the housing market without having to invest any cash. The Zero Cash Program may be just the answer you need.

Many uninformed consumers, real estate agents and even mortgage professionals all knee-jerk to thinking FHA an VA home loans as the only options for No Down Payments loan... more

September 14th, 2006 - 10:46 am | permalink

Raise Your Credit Score In 7 Easy Steps
How important is it really to repair one’s credit score?

Credit scores are tantamount to one’s purchasing and borrowing power. Buying a new home, qualifying for a low APR credit card to shopping for a small business loan all depend on a consumer’s credit history. A low credit score identifies that a consumer may be overextended in bills, is unable to manage accounts or has a poor repayment behavior.

What is a credit score?

The credit score is prevalently referred to as a FICO score or a numerical portfolio of a consumer’s borrowing and bill repayment behavior. The information contained in a credit report is very similar to a report card. FICO credit scores range between 300 and 850. Credit scores above 850 are extraordinary. While a credit score of 300 is deemed exceptionally unusual, FICO scores generally do not fall under 500.

Annually, billions of credit approvals are determined based upon a consumer’s FICO score. While credit scores represent per... more

September 13th, 2006 - 03:52 pm | permalink

How do I Make Sure I get Approved for a Student Loan?
When it comes to finding finance for college, there are many things that ought to be known in order to successfully get approved without delays or hassles. By following these guidelines you’ll be able to turn the odds to your side and get a much better deal when searching for student loans.

There are many questions that need to be answered before rushing in to apply for a Student Loan: Which loan do I need? How much money will I request? How long do I want the loan to last? What if I already have outstanding loans? How about the interest rate? Let’s go step by step and answer these questions before going on:

Loan Types

There are mainly two types of Student Loans: Government student loans and private student loans. Federal Student Loans come with lower interest rates and are provided without consideration of credit score or history while private student loans carry higher interest rates, have more flexible terms that can be negotiated with the lender and appr... more

September 12th, 2006 - 09:17 pm | permalink

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