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Current Interest Rates on Home Loans, Savings, Car loans – CD Rates, best rate loans.#Best #rate #loans


Today’s Interest Rates and Financial Advice:

Best rate loans

Financial Advice

Would you like to buy a home but worry that you’d never qualify for a mortgage? It’s time to stop guessing and evaluate your chances to land a loan based on everything from how much you make to your credit score. Believe it or not, the odds are in your favor.

November 14th 2017

The average cost of financing a new or used car or truck has stayed low over the past year, making auto loans a bargain by any historical measure. And buyers with reasonably good credit can always take advantage of the discount loans automakers are offering on many models.

November 13th 2017

Lending money to your child is risky business. But if you can avoid the personal pitfalls and convince the federal government that this is really a loan, and not a gift, the Bank of Mom and Dad can be a financial boon for everyone in the family.

November 13th 2017

Here’s how to make all of the right decisions so that you’ll save more, invest wisely and take full advantage of all the tax breaks to build your retirement nest egg.

November 10th 2017

It’s not enough to find a good location at an affordable price. Condo buyers must consider lots of extra costs, from association fees and special assessments to how well the building is maintained and how strictly it enforces rules on everything from noise to pets.

November 10th 2017

You’ve scouted out the best mortgage rate and fought hard to get the best price on your new home. But your bargaining shouldn’t stop there. Here’s how you can save on everything from settlement fees to title insurance.

November 8th 2017

Best rate loans

Interest ing Snapshot

Individual retirement accounts, or IRAs, are a great way to build financial security for you and your family. They’re easy to open and our simple strategy helps you make all the right decisions now, and in the years ahead.

Best rate loans

Best rate loans


Personal loans, Clydesdale Bank, text loans.#Text #loans


FIXED RATE PERSONAL LOANS

Our best ever personal loan rate

2.9% APR representative on loans from £7,500 to £25,000

UK residents only. Subject to status & eligibility. 18+. Rates depend on loan amount & individual circumstances. Rates are the same online, in branch and via telephone.

Personal loans

Let’s make your plans a reality

An extra financial boost can help you to extend your house, redecorate or pay for a family event. Paying these large amounts at one time can be difficult, but with a Clydesdale Bank personal loan you can pay back over a set period.

With a Clydesdale Bank fixed rate personal loan you can borrow anything from 1,000 to 35,000 and repay in monthly fixed payments over 1 to 5 years*. All loans subject to status and eligibility.

20.9% APR representative on loans from £1,000 – £2,999

23 monthly repayments of £50.48

and a final payment of £50.29

All loans subject to status. The rate offered may differ from the Representative APR shown. Maximum APR offered is 29.9%.

16.9% APR representative on loans from £3,000 – £4,999

35 monthly repayments of £105.06

and a final payment of £104.78

All loans subject to status. The rate offered may differ from the Representative APR shown. Maximum APR offered is 29.9%.

3.3% APR representative on loans from £5,000 – £7,499

35 monthly repayments of £145.97

and a final payment of £145.61

All loans subject to status. The rate offered may differ from the Representative APR shown. Maximum APR offered is 29.9%.

2.9% APR representative on loans from £7,500 – £15,000

47 monthly repayments of £275.92

and a final payment of £275.83

All loans subject to status. The rate offered may differ from the Representative APR shown. Maximum APR offered is 29.9%.

2.9% APR representative on loans from £15,001 – £25,000

47 monthly repayments of £441.47

and a final payment of £441.43

All loans subject to status. The rate offered may differ from the Representative APR shown. Maximum APR offered is 29.9%.

6.9% APR representative on loans from £25,001 – £35,000

59 monthly repayments of £589.68

and a final payment of £589.16

All loans subject to status. The rate offered may differ from the Representative APR shown. Maximum APR offered is 12.9%.

Features

Text loans

Early repayment options

You can repay your loan early, but note that a early repayment charge applies**

Text loans

Quick decision

A quick decision is available online 8am-10pm Monday to Friday, 8am-6pm on Saturday & 9am-6pm on Sunday and during branch and telephone opening hours.

Text loans

Funds direct to your account

Transferred once approved and completed paperwork received by us

Important details

All loans are subject to status. The interest rate offered will vary depending on our assessment of your financial circumstances and your chosen loan amount. The rate offered may differ from the Representative APR shown.

* Loans may be granted over terms of 6 or 7 years if the loan amount is £7,500 or more and, if the purpose of the loan is to repay existing lending with us, the additional amount borrowed must be of greater value than the existing lending that is to be repaid.

** You can repay your loan in full and part at any time and we’ll reduce the total charge for credit payable under the agreement. When calculating this reduction we will charge up to an additional 58 days’ interest on the amount you repay. You will need to contact our customer services team to inform us of your intention each time you wish to make an additional payment. Our team will be able to provide you with options on how to make this payment.

Text loans

Loan Calculator

Use our loan calculator to calculate how much your monthly repayments could be on your chosen loan amount

To apply for a loan you must be aged 18 or over.


How Long Should My Car Loan Be, best car loan.#Best #car #loan


How Long Should My Car Loan Be?

Coming to Terms With Your Loan Term

05/01/2013 (updated 03/06/2015) – By Ronald Montoya

Best car loan

Best car loan

Best car loan

Most people have a rough idea of what monthly payments will fit their budget when it comes to buying a car. That figure is usually what they target when they’re making a deal. However, this monthly-payment mentality is making car buyers lose track of the bigger picture: the total cost of the car and the length of time it will take to pay it off.

Edmunds data tells the story: Since 2002, the average car loan term has slowly crept past five years, and is now inching past six-and-a-half years. In 2014, 62 percent of the auto loans were for terms over 60 months. And nearly 20 percent of the loans were for 73- to 84-month terms.

“Consumers are battling two things,” says Melinda Zabritski, director of automotive credit at Experian. They are trying to get a good interest rate and a reasonable monthly payment. But sometimes the five-year loan has a monthly payment that is too high for them, and they end up financing for a longer term, even if it costs them more down the line, according to Zabritski.

Is there any benefit to having a six- or seven-year car loan? Aside from having a lower monthly payment, no. In fact, there are many reasons why you shouldn’t choose such a long car loan term.

The longer you finance a car, the more interest you will have to pay on it, both in terms of the rate itself and the finance charges over time. Edmunds recommends a 60-month loan, less if you can manage it. Here’s how the numbers look when you compare a 60-month loan to a 72-month loan.

We chose a 2015 Toyota Camry XLE V6 with a few options as our example. Its True Market Value (TMV ) is close to the average price of a new car in 2014. Edmunds data shows that the average down payment for a 55-60-month loan in 2014 was $4,689. We entered those numbers in our loan calculators. After tax, title and the down payment, the total amount to be financed was $29,800.

The average interest rate for a 55-60-month loan in 2014 was 2.41 percent, according to Edmunds data. The buyer would have a monthly payment of $528. The finance charges over the life of the 60-month loan would be $1,861.

Contrast that with a 72-month loan we plugged into our calculator. The interest rate would be higher, according to Edmunds data: It was 5.9 percent for loans of 67-72 months in 2014. It’s common for longer loan terms to carry higher interest rates, Zabritski says.

The data also shows that the longer loan a person takes out, the lower the down payment. People taking out loans in the 67-72-month range had a down payment of about $2,440 in 2014.

In this 72-month loan scenario, the monthly payment, $531, wouldn’t be much different from the payment under a 60-month loan, and the buyer would have paid less out of pocket. It may seem like the way to go, until you look at the finance charges.

The finance charges for the loan would be $6,182. That’s more than three times the interest for a 60-month loan. And not only will it take the person a year longer to pay off the loan, it will also take them longer to build equity in the car. Here’s why that’s a problem.

A new car typically depreciates about 22 percent in its first year. At the beginning of a car loan, the buyer is typically “upside down,” or “under water,” meaning he owes more than the car is worth. The situation is made worse if the buyer hasn’t made a large enough down payment.

Based on Edmunds data, most people aren’t making a big enough down payment to keep from being upside down longer than necessary.

The time it takes you to get “above water” and build equity in the car will vary, based on the car you bought and how much of a down payment you’ve made. But one thing doesn’t vary: The longer your car loan, the longer it will take you to build equity.

When you have no equity in the car, you can’t sell if it you need the money in an emergency: if your other bills get out of hand or you lose your job, for example. It also gives you fewer options if you get tired of the vehicle. A buyer will only pay you what the car is worth, not what you owe on it. You’re stuck with the balance of the loan.

Similarly, if you get into an accident and the car is totaled, the insurance company will only pay you what the car is worth at the time of the accident. The remainder of what you owe will have to come out of your pocket.

We love our cars when they are brand-new, but when romance fades, we’re anxious to trade them in for something else. The average trade-in age for a car in 2014 was six years. It’s not what you’d call an enduring relationship.

If you have a 72-month loan and get the itch to buy a new car around the average six-year mark, you wouldn’t have enjoyed any time without payments, which diminishes the point of car buying in the first place. At that point, you’re better off leasing the car.

If you took out an 84-month loan, you’d have to wait another year to buy. The other alternative would be to roll the balance of the loan into your next car purchase. And that’s a bad idea, adding up to an even longer loan commitment and higher monthly payments.

Contrast these situations with buyers who’ve chosen a five-year loan. At the average trade-in mark of six years, they have already enjoyed almost a year without car payments and have the freedom to sell the car whenever they want.

Resale value is another reason to steer clear of extra-long car loans. A 5-year-old car is more desirable and more valuable in the used-car marketplace than one that’s 7 years old.

At five years, a car has lost about 53.5 percent of its new-car value in 2014, says Joe Spina, Edmunds director of remarketing. A 6-year-old car has depreciated by about 59.4 percent.

In other words, the Camry in our example will be worth roughly $15,554 after five years. It drops to $13,580 at the six-year mark.

A dealership will likely give you more money for the 5-year-old car. At that age, it’s a great candidate for the certified pre-owned process (CPO), which means the dealer will have a more valuable car to sell.

On the other hand, a 6-year-old car is right on the edge of no longer being an acceptable CPO car. Some automakers, like General Motors, won’t permit a CPO car to be more than 5 years old. Further, if it has too many miles, it won’t qualify for a CPO program. That means you will get far less for the car as a trade-in.

Alternatives to Long Loans

Let’s say you want to buy a new car, but the monthly payments that are being quoted for the usual five-year loan are too high for you. That may be a sign that you’re shopping outside of your price range. Take a look at the Edmunds “What Can I Afford?” calculator. You start by entering your ideal monthly payment.

After you fill out a few other details, the calculator will recommend a price range and some cars that fall in it. Stick to cars at the lower end of the range and you should be in good shape. Once you have an idea of what you can afford, make sure you get approved for your car loan before heading out to the dealer.

You also could consider buying a used car. Interest rates are a bit higher for used cars, but since the cars cost less, there’s less to finance and the payments will be lower. If you’re not sure what cars to look at, check Edmunds’ Best Used Cars. It will point you in the right direction.

While it is important to know what you can afford in terms of monthly car payments, that shouldn’t be your only measurement of a good car loan. Take a look at all the numbers in the sales contract so that you are fully aware of what you are paying for the car.


CBA takes control of Aussie Home Loans, aussie loans.#Aussie #loans


CBA takes control of Aussie Home Loans

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Aussie loans John Symond . sold a bigger stake of his mortgage broking business to Commonwealth Bank. Photo: Louie Douvis

‘‘Aussie’’ John Symond, famous for rallying against the big banks nearly two decades ago, has sold a bigger stake of his mortgage broking business to Commonwealth Bank, the nation’s biggest bank.

CBA is set to increase its holding in Aussie Home Loans, to 80 per cent for an undisclosed amount. This is up from the 33 per cent stake it acquired four years ago.

Banking analysts estimate CBA would have paid Mr Symond at least $165 million for the 47 per cent stake. This is equivalent to little more than a week of of earnings for CBA, the nation’s biggest lender.

The calculation is based on value of between $350 million and $400 million for the business. However, analysts caution a valuation at the top end would be optimistic given a subdued mortgage market.

Mr Symond will continue as executive chairman of Aussie and will retain the outstanding 20 per cent shareholding, while continuing to be involved in the growth and direction of the company.

“We welcome this arrangement as CBA’s increased interest in Aussie is a great opportunity for the company to further accelerate our growth. We now have the opportunity to grow by investing in our product and service offerings and will remain a strong competitor in the mortgage broking channel,” Mr Symond said.

Aussie Home Loans last year returned a profit of $32.6 million, down from $51.7 million a year earlier. The business last year had net tangible assets of $138.5 million.

Even with the business majority owned by Commonwealth Bank, Aussie will continue to sell home loans through its panel of 18 lenders.


Mortgage Supermart Singapore, aussie loans.#Aussie #loans


Australia Property Loans (Singapore) vs Australian Property Loans (Aussie)

Aussie loans

(Lenders in Singapore)

*Based on today’s cost of funds.

Let’s review more in details on the features and options between a Singapore’s Australia Property Loan vs Aussie’s Australia Property Loan.

Australia home loan mortgages offered in Singapore are commonly pegged to the Singapore Interbank Borrowing Offer Rate (SIBOR), bank’s board rate cost of funds and Australia’s bank bill swap rate. There are currently no fixed rate options available from lenders in Singapore.

Australia lenders offer customers the option of both fixed and variable rates. Lending rates in Australia are closely referenced to RBA (Reserve Bank of Australia) interest rate.

Option to choose SGD or AUD finance for lenders in Singapore. Option for Australia lenders are restricted to Australian dollars (AUD) only.

Financing your mortgage in a currency different from the currency of your base asset exposes a borrower to foreign exchange (FX) risk. Nevertheless, in most instances, FX risks are generally manageable.

Example: Mr Alex Lee bought an Australia property at $1,000,000 AUD and takes up a SGD Australia property loan from a bank in Singapore at 70% financing quantum. This is equivalent to a mortgage of $700,000 AUD.

Assuming FX conversion rate is 1.16 AUD/SGD. At point of drawdown, the loan is converted to Singapore dollars (SGD) which is equivalent to $812,000 SGD.

Assuming 1 year later, due to a major financial crisis, the FX conversion rate for AUD/SGD drops to 1.05. The outstanding housing loan amount is about $789,549 SGD. This is equivalent to $751,951 AUD.

Assuming valuation remains unchanged at $1,000,000 AUD, this is equivalent to 75.19% loan-to-value ratio and exceeds earlier maximum bank lending limits of 70% loan-to-value ratio.

Depending on the bank’s policy, a borrower may be required to top up the difference in excess of the bank’s maximum lending limits. Most banks have a buffer limit of between 5% – 10% before a margin call may be activated.

Up to 75% for SGD loans and Up to 80% for AUD loans with Australia and Singapore Lenders in Singapore. Up to 90% with Lender’s Mortgage Insurance Coverage for Australian Citizens and Permanent Residents with Australian Banks in Australia.

Minimum loan for Singapore lenders are of at least $300,000 SGD while minimum loan amount for Australia lenders starts from only $100,000 AUD.

AUD mortgages offer borrowers the option of paying only interest on their mortgages for up to 10 years. It may be extended further subject to lender’s approval. SGD Australia property loans are offered with principal and interest repayment.

Option to switch between Singapore dollar finance and Australian dollar finance during the tenure of your loan.

Australia mortgages are offered for both completed and under construction units with Singapore banks while Australian banks (onshore and offshore) only offers mortgages typically 3 months to property completion.

A value added feature to allow borrowers to offset its excess saving deposits held with the bank against its outstanding loan commitment. The interest earned on the deposits are matched against the interest payable on the loan, resulting in a direct 1 to 1 interest offset.

Build in area of a property unit are limited to a minimum of 40 sqm subject to lender’s approval. In many instances with Singapore lenders, the minimum preferred build in area is of at least 50 sqm.

Applicable for new purchase, refinancing and additional cash out equity term loan. Australia lenders offers higher lending limits of up to 80% loan-to-value ratio for additional cash out equity term loans, new purchases and mortgage refinancing.

The monthly repayment of your Australia property loan is deducted through a Singapore bank account with a Singapore lender. The monthly repayment of your Australia property loan with an Australia lender is deducted from a bank account held in Australia.

– Singapore Permanent Residents

– Foreigners on employment pass

– International applicants not living and working in Singapore subject to lender’s review approval.

Mortgage Supermart provides Australia property finance from a range of Singapore and Australian banks to offer consumers a wide range of options, best deals and financing solutions for your Australia home loans. Applicable for completed, under construction, land and house financing for new purchase, refinancing and additional cash out equity term loan. Contact us today to find out more!


Current Interest Rates on Home Loans, Savings, Car loans – CD Rates, get a loan today.#Get #a #loan #today


Today’s Interest Rates and Financial Advice:

Get a loan today

Financial Advice

Would you like to buy a home but worry that you’d never qualify for a mortgage? It’s time to stop guessing and evaluate your chances to land a loan based on everything from how much you make to your credit score. Believe it or not, the odds are in your favor.

November 14th 2017

The average cost of financing a new or used car or truck has stayed low over the past year, making auto loans a bargain by any historical measure. And buyers with reasonably good credit can always take advantage of the discount loans automakers are offering on many models.

November 13th 2017

Lending money to your child is risky business. But if you can avoid the personal pitfalls and convince the federal government that this is really a loan, and not a gift, the Bank of Mom and Dad can be a financial boon for everyone in the family.

November 13th 2017

Here’s how to make all of the right decisions so that you’ll save more, invest wisely and take full advantage of all the tax breaks to build your retirement nest egg.

November 10th 2017

It’s not enough to find a good location at an affordable price. Condo buyers must consider lots of extra costs, from association fees and special assessments to how well the building is maintained and how strictly it enforces rules on everything from noise to pets.

November 10th 2017

You’ve scouted out the best mortgage rate and fought hard to get the best price on your new home. But your bargaining shouldn’t stop there. Here’s how you can save on everything from settlement fees to title insurance.

November 8th 2017

Get a loan today

Interest ing Snapshot

Individual retirement accounts, or IRAs, are a great way to build financial security for you and your family. They’re easy to open and our simple strategy helps you make all the right decisions now, and in the years ahead.

Get a loan today

Get a loan today


Financial Calculator, Free Online Calculators from, consolidation loan calculator.#Consolidation #loan #calculator


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CBA takes control of Aussie Home Loans, aussie loans.#Aussie #loans


CBA takes control of Aussie Home Loans

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  • Share on Facebook
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Aussie loans John Symond . sold a bigger stake of his mortgage broking business to Commonwealth Bank. Photo: Louie Douvis

‘‘Aussie’’ John Symond, famous for rallying against the big banks nearly two decades ago, has sold a bigger stake of his mortgage broking business to Commonwealth Bank, the nation’s biggest bank.

CBA is set to increase its holding in Aussie Home Loans, to 80 per cent for an undisclosed amount. This is up from the 33 per cent stake it acquired four years ago.

Banking analysts estimate CBA would have paid Mr Symond at least $165 million for the 47 per cent stake. This is equivalent to little more than a week of of earnings for CBA, the nation’s biggest lender.

The calculation is based on value of between $350 million and $400 million for the business. However, analysts caution a valuation at the top end would be optimistic given a subdued mortgage market.

Mr Symond will continue as executive chairman of Aussie and will retain the outstanding 20 per cent shareholding, while continuing to be involved in the growth and direction of the company.

“We welcome this arrangement as CBA’s increased interest in Aussie is a great opportunity for the company to further accelerate our growth. We now have the opportunity to grow by investing in our product and service offerings and will remain a strong competitor in the mortgage broking channel,” Mr Symond said.

Aussie Home Loans last year returned a profit of $32.6 million, down from $51.7 million a year earlier. The business last year had net tangible assets of $138.5 million.

Even with the business majority owned by Commonwealth Bank, Aussie will continue to sell home loans through its panel of 18 lenders.


Same day payday loans, online loans instant approval.#Online #loans #instant #approval


online loans instant approval

Online loans instant approval

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Personal Loans Online – Fast Cash Personal Loan – Bad Credit OK, loans for people with no credit.#Loans #for #people #with #no #credit


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Created by customer supporters and credit professionals, mmPersonalLoans assists people in making better financial choices by offering free interactive resources, training, as well as impartial evaluations of high quality financial services and products provided by UnitedFinances.com. Credit influences numerous basic areas of our way of life. Even so, approximately 125 million people in America is unable to properly calculate their own credit ratings within fifty points, although that may be frequently the difference between getting accepted or rejected for credit or residence. mmPersonalLoans objective is to change this by means of supplying customers with helpful resources as well as data which let them successfully control their own credit profile with just as much consideration and caution as their investment portfolio.

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