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Buying Process – Home Loans #loans #for #the #unemployed

#how to get a loan

Home Loans

Buying Process

In most cases, you need to follow these steps to get a VA home loan.

Eligibility Requirements for VA Home Loans

Find a real estate professional to work with. Perhaps a friend has someone to recommend. Or you could look under “Real Estate” in your yellow pages or on the web.

Find a Lender

Locate a lending institution that participates in the VA program. You may want to get “pre-qualified” at this point – that is, find out how big a loan you can afford. Lenders set their own interest rates, discount points, and closing points, so you may want to shop around.

Get a Certificate of Eligibility

The Certificate of Eligibility (COE) verifies to the lender that you meet the eligibility requirements for a VA loan. Learn more about the evidence you submit and how to apply for a COE on our Eligibility page.

Find a Home and Sign a Purchase Agreement

Work with a real estate professional and negotiate a purchase agreement. Make sure the purchase and sales agreement contains a “VA Option Clause.”

Here’s a sample of a “VA Option Clause”:

“It is expressly agreed that, notwithstanding any other provisions of this contract, the purchaser shall not incur any penalty by forfeiture of earnest money or otherwise be obligated to complete the purchase of the property described herein, if the contract purchase price or cost exceeds the reasonable value of the property established by the Department of Veterans Affairs. The purchaser shall, however, have the privilege and option of proceeding with the consummation of this contract without regard to the amount of the reasonable value established by the Department of Veterans Affairs.”

You may also want the purchase agreement to allow you to “escape” from the contract without penalty if you can’t get a VA loan.

Apply for your VA Loan

Work with the lender to complete a loan application and gather the needed documents, such as pay stubs and bank statements.

Loan Processing

The lender orders a VA appraisal and begins to “process” all the credit and income information.

(Note: VA’s appraisal is not a home inspection or a guaranty of value. It’s just an estimate of the market value on the date of the inspection. Although the appraiser does look for obviously needed repairs, VA doesn’t guarantee the condition of the house. The appraiser, who is licensed, is not a VA employee. The lender can’t request a specific appraiser; assignments are made on a rotating basis.)

The lending institution reviews the appraisal and all the documentation of credit, income, and assets. The lender then decides whether the loan should be granted.


The lender chooses a title company, an attorney, or one of their own representatives to conduct the closing. This person will coordinate the date/time and the property is transferred. If you have any questions during the process that the lender can’t answer to your satisfaction, please contact VA at your Regional Loan Center .

Why it – s miles cheaper to avoid the banks when buying a car. #auto #loan #rates

#cheapest car loan

Why it’s miles cheaper to avoid the banks when buying a car

WITH car sales falling off a cliff, there’s never been a better time to buy a car. The number of new cars sold in Ireland last year was a third the number sold in 2000, when the Celtic Tiger was alive and well. The industry is on its knees as a result – so you’ve a better chance of getting a bargain.

“It’s definitely a buyer’s market,” said Conor Faughnan, director of policy with AA Ireland. “You can push the car dealer on price, particularly if you’ve got the cash to do a deal.”

Cash of course is the cheapest way to buy a car – but not many of us have the luxury of having the cash to buy a car outright. Chances are, you’ll have to borrow to buy your dream set of wheels. Choose the wrong car finance however and you could pay as much as €6,000 more for your car than you would have, had you borrowed the money elsewhere.

You usually have two choices of car finance – a hire purchase agreement, where you pay monthly repayments for the hire of the car, or a car loan. You’ll typically be offered hire purchase if you go to a dealer; while a bank will usually offer you a loan.

The Sunday Independent examined the car finance offered by AIB, Bank of Ireland, Danske Bank, Permanent TSB and Ulster Bank as well as the hire purchase deals offered by a few dealers. We found that hire purchase can work out a lot cheaper than a loan – but only if the interest rate is lower than 9 per cent and there are no hidden charges lobbed on top of that.


Up to €2,350 more expensive at the bank

If borrowing €10,000 to buy a car, one of the cheapest ways to do so is through hire purchase with Renault Finance.

If you’re buying a Renault Megane (Coupe, Hatch or Grand), Renault Finance offers interest-free hire purchase of up to €11,000 as long as you pay off the money borrowed over three years – and pay a 30 per cent up-front deposit off the price of the car.

If you’re not interested in a Megane, but have another Renault in mind, you could borrow €10,000 from Renault Finance at an interest rate of 4.9 per cent under hire purchase – as long as you can stump up the 30 per cent deposit. Under that rate, the monthly repayments are €185 over five years – and the cost of your credit, including interest and fees of €150, comes to €1,250. That’s up to €2,350 cheaper than the banks.

If you’re buying from a BMW dealer, BMW Financial Services charges 7.95 per cent interest under HP if you’re borrowing €10,000. The monthly repayments over five years are €198.67, which brings the cost of your credit to €1,920 – almost half what some banks charge. You don’t have to pay a deposit to get the 7.95 per cent interest rate.

Our survey found that Bank of Ireland is the most expensive for car loans. It charges 13.6 per cent interest on a fixed-rate loan of €10,000. Under that rate, your monthly repayments over five years are €226.82 – which brings the cost of your credit to €3,609.

Bank of Ireland will knock off 1 per cent from your interest rate if you get your loan online – but even with that discount, its €10,000 car loans still work out more expensive than those offered by AIB, Danske Bank, and PTSB. Ulster Bank is the second most expensive for a €10,000 car loan. Ulster charges 12.3 per cent interest – which clocks up to €3,238 after five years.

Permanent TSB offers the cheapest €10,000 car loan. Permo charges 9.9 per cent interest, which will cost you €2,595 after five years.

Check if your bank offers hire purchase as that may work out cheaper for you than a car loan. Bank of Ireland charges 10.5 per cent interest on €10,000 borrowed under hire purchase, which brings the cost of your credit to €2,756.40 after five years – about €800 cheaper than the bank’s fixed rate loan.


Up to €5,731 more expensive at the bank

If buying a Renault, Renault Finance should work out a lot cheaper than your bank. It costs €3,510 to borrow €30,000 over five years under Renault’s 4.9 per cent interest rate for hire purchase – but again, you need a 30 per cent deposit to get that rate.

If you don’t have the 30 per cent deposit, you’ll be charged 6.9 per cent interest – which is still cheaper than the banks.

It costs €6,068 to borrow €30,000 over five years under BMW Financial Services’ hire purchase plan – which charges 7.95 per cent interest.

Borrow the €30,000 through Bank of Ireland’s variable loan however, and you’ll pay €9,241 in interest over five years – between €3,173 and €5,731 more than the hire purchase offers we examined. Bank of Ireland charges 11.7 per cent interest on this loan – which makes its variable loan the most expensive of the €30,000 car loans examined.

Danske Bank’s variable loan is also expensive. Danske charges 11.47 per cent on a variable loan of €30,000, which will cost you €9,054 after five years.

The cost of Permo’s €30,000 car loan, which has an interest rate of 9.3 per cent, adds up to €7,277 after five years. The hire purchase offers from Bank of Ireland and AIB worked out cheaper than Permo’s loan however.


Up to €6,192 more expensive at the bank

One of the cheapest ways to borrow €60,000 is through hire purchase with BMW Financial Services. You’ll pay 7.95 per cent interest on €60,000 and this will cost you €12,290 after five years. Get a €60,000 variable loan at 11.7 per cent from Bank of Ireland however, and you’ll pay €18,482 interest after five years – about €6,200 more.

Avoid Danske Bank’s variable loan – it charges 11.47 per cent interest on €60,000, which will cost you €18,107 after five years.

At 9.3 per cent interest, Permanent TSB’s car loan was the cheapest €60,000 bank loan surveyed. The cost of that loan came to €14,555 after five years.

Bank of Ireland’s hire purchase however works out cheaper than Permo’s car loan. The cost of borrowing €60,000 under Bank of Ireland’s hire purchase over five years adds up to €13,515.


If you own your own business and you’ve no desire to own a car outright, leasing could work out cheaper for you in the short-term.

For example, it could cost you €29,560 to buy a Toyota Avensis diesel saloon. If you lease it for five years from Merrion Fleet Management, your monthly repayments come to €512.67. These repayments include the cost of maintenance such as road tax, servicing and tyres. By contrast, the monthly repayments for a €30,000 bank loan over five years range between €619 and €654 and these repayments don’t include costs such as road tax and servicing.

The cost of leasing a car will however add up over time. After five years, the monthly repayments for the lease of the Toyota Avensis add up to €30,760 – and you won’t own your car but must hand it back to the leasing company at an agreed time. As long as you meet the repayments on your car loan or hire purchase agreement, you’ll own your car.


You need to understand everything about a hire purchase agreement before you sign up to it, warns Dermott Jewell of the Consumers’ Association of Ireland.

The main advantage of a loan over hire purchase is that you can sell your car to repay the loan should you fall behind on your repayments. You can’t do this with hire purchase. As a result, you’re more likely to have your car repossessed under hire purchase than a car loan. With hire purchase, you don’t own the car until the final payment is made.

“The inability to pay later has given rise to significant debts when devalued cars are repossessed, sold for small market value and leaving unmanageable balances to pay,” said Jewell.

Irish Independent

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What’s the best way to finance buying a car? Money Advice Service #financial #loans

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Buying a car is no simple decision. From buying outright, to buying a car on finance, there are many options. You also have to consider running costs. In fact, it’s probably the second most expensive thing you’ll buy after a home. So it’s important to make sure you get the best deal on financing.

Cash or savings?

When interest rates are so low, it’s likely that your savings will not be earning much in a bank or building society account. So rather than keeping your savings and borrowing at a higher rate of interest, you could use them to fund all or some of the cost of the car.

  • You should make sure you have enough savings left over for an emergency after you have paid for your car.
  • If you don’t have enough savings to buy the car outright, you could use them to give you the biggest deposit possible.
  • Even if you use money from your savings you may be better off buying the car on your credit card so you benefit from credit card purchase protection. You should pay the bill off in full the next month.

Use our Car costs calculator to work out the total cost of motoring.

Personal loan

Did you know?

Personal loans are usually the cheapest way to finance a car deal, but only if you have a good credit rating.

You can get a personal loan from a bank, building society or finance provider so long as your credit rating is good.

Make sure the loan is not secured against your home. Otherwise you will be putting your home at risk if you failed to keep up with repayments.

Shop around for the best interest rate by comparing the APR (or annual percentage rate, which includes charges you have to pay as well as the interest).


    It can be arranged over the phone, internet or face-to-face Covers the whole cost of the car but it doesn’t have to Can charge a competitive fixed interest rate if you shop around


    There may be a wait for the funds to appear, although some lenders make funds available almost immediately Other borrowing may be affected

Hire purchase (HP)

Hire purchase is a form of buying a car on finance and is paid in instalments where payments are spread over 12-60 months and you usually (but not always) have to put down a 10% deposit. They are arranged by the car dealer and are often very competitive for new cars (less so for used cars). The loan is secured against the car, so you don’t own it until the last payment is made.


    Quick and easy to arrange Low deposit (usually 10%) Flexible repayment terms (from 12 to 60 months) Competitive fixed interest rates


    You don’t own the car until the final payment Tends to be more expensive for short-term agreements

Personal contract plan

This type of car finance deal is a variation on hire purchase and tends to result in lower monthly payments. Instead of paying for the car outright, you agree to pay the difference between its sale price and its price for resale back to the dealer. This is based on a forecast of annual mileage over the term of the agreement. Payments are spread over a shorter term of 12 to 36 months.

At the end of the term you can:

Personal leasing

You can pay the dealer a fixed monthly amount for the use of a car, with servicing and maintenance included, as long as the mileage doesn’t exceed a specified limit. At the end of the agreement, you hand the car back. It never belongs to you.


    Motoring at a fixed monthly cost No worries about the car depreciating in value Flexible payment terms (from 12 to 36 months)


    Monthly costs are higher because servicing and maintenance are included Need to find a deposit (usually 3 months rental) Possible extra costs if you exceed the mileage limit The car is never yours

Car finance options – Things to look out for

As you compare car financing, there are a few key things to do before making a final choice.

  • Make sure you can afford the monthly payment.
  • Make sure you compare interest rates by looking at the APR (annual percentage rate), which includes all the charges you have to pay. Remember that a higher deposit will normally mean a lower interest rate.
  • Compare the total cost of borrowing, including all charges over the loan.
  • Think carefully before buying payment protection insurance (PPI) or other insurance, such as GAP cover, which can be expensive and may give limited cover. GAP cover is designed to pay out if your car is a total write-off and the outstanding finance is more than the value of your car.
  • Beware of early repayment or other charges, which kick in if you exceed the forecast mileage in personal contract plans (and also personal leasing).

Shop around

The best way to shop around for a good deal is to use an online comparison site. Here are some of the sites you might want to consider.

Which laptop to buy 2015 – Tech Advisor #which #laptop #should #i #buy?,what #laptop #should #i #buy?,laptop,laptops,laptops #review,laptops #reviews,laptop #guide,what #laptop,buying #a #laptop,choosing #a #laptop,,laptop


Which laptop to buy 2015

We explain which laptop to buy. 2015 laptops buying advice – grab a bargain with the best budget laptops, best ultraportable laptops and more. Plus: laptop specifications explained.

There has never been more choice when shopping for a laptop. which can make purchasing the right laptop a difficult process. Do you want a netbook or an ultraportable. Or are you more concerned about price: looking for a budget laptop. mid-range laptop or a high-end laptop. Perhaps you need a Mac laptop or even a tablet ?

The first thing to do is to read our unrivalled laptops buying advice. explained in detail below. This explains all the relevant specifications, and shows you how to get to grips with the specs on offer and how to learn the bare minimum requirements for today’s portable computers.

Then check out PC Advisor’s laptops reviews reviews, which we’ve broken down into the relevant categories to help you make a selection. Comparing two or more similar laptops and working out which is the best laptop for you is, of course, a tricky task. And even though to an extent this is a subjective decision, we’ve tried to take some of the pain out of it with the laptops section of our unique, constantly updated best laptops charts .

We present the best laptops available in the UK, in a variety of product categories. And because we review more products than any other UK website, our charts are constantly updating, so you can be sure you’re getting good, up to date advice. (See also: Should I buy a Windows laptop or a Chromebook? )

Which laptop to buy: laptops buying advice

‘Which laptop should I buy?’ A simple question, and the question we are asked the most often. But ‘Which laptop should I buy?’ is also a deceptively difficult question to answer.

The fact is that the laptops market has become commodified. With the exception of the laptops made by a handful of high-end laptops makers – principally Apple – it is difficult to differentiate between the myriad laptops that flood the market. Indeed, the question is not which laptop to buy, but what specifications you should look for, what manufacturers you should consider, and how much you are prepared to pay.

A good laptop purchased in 2015 should last you for four or five years. But you have to make sure what you buy is fit for purpose. (See also: Should I buy a refurbished laptop? )

Which laptop to buy: what specs to look for

This depends on for what you will be using your new laptop. For the majority of people, a laptop is for web browsing, email and social media, and office work such as spreadsheets and Word docs. There may also be some photo- and video-editing.

The good news is that for such users the specification can be relatively light, and that will save you money. We would recommend that you focus your budget on the best possible processor, the most RAM you can afford (and use) and – a key consideration – that you invest in as much onboard storage as is possible.

So even at the budget end of the market you should be looking for an Intel Core i3 or higher processor. There’s nothing wrong with AMD chips, of course, but Intel truly dominates the PC market these days. Unless you are really strapped for cash avoid Intel Pentium or -Atom processors.

In terms of memory, you want as much RAM as possible. If you purchase a 32-bit Windows laptop you will be able to use a maximum of 3GB RAM. For a 64-bit install the more the merrier. You will never regret having too much RAM, as it will keep your laptop faster for longer.

Similarly, storage is critical. If you’re lucky it’s the aspect of your laptop that will run out the first. These days we all store myriad images and videos, and making sure you have sufficient space will keep your laptop useful for longer. A solid-state drive – or SSD – is always best, as it is much quicker than a traditional spinning hard drive. But an SSD will add significantly to the cost of your laptop and capacities tend to be lower. If you are at the budget end of the market go for a HDD.

Get those three specifications right and you will be off to a winning start. They will all impact on battery life, too. You want the biggest possible battery cell, and ideally it should be replacable. Other key considerations include the size and weight, and the display and graphics. We’ll also consider multimedia and connectivity.

With the former, you need to ask yourself for what you will be using your laptop – and where. If you want a laptop as your principal home computer, and it is unlikely to do all that much travelling, you can save money on thin and light and stretch out to a large 15in or 17in laptop. But if you need a laptop for work on the move, you will probably pony up more for a sleek and portable Ultrabook.

Size and weight directly impacts on display size, of course. Things to look out for here: it’s not just the physical size of the screen that matters, but the resolution. Ideally you should aim for a 720p or 1080p display, these days. And not all screens are made equal. You’ll find that a matte display is better than glossy if you work under strip lighting (or outdoors). Do you want a touchscreen? It can be nice but it will add considerably to the cost. Generally speaking the more you pay the better you get, in terms of richness of colour and flexibility of viewing angles, and so on.

Few laptops have dedicated graphics cards. Unless you are looking for a gaming rig you will be unlikely to need any more than the onboard graphics built in to many mmodern Intel chipsets. But if hardcore gaming is your thing, invest your money here. Finally, if you will be watching movies on your laptop, or listening to music, you may wish to get a laptop with decent front-facing speakers. In terms of connectivity 802.11ac/n Wi-Fi should be a given. Look for an HDMI port if you want to play content from your laptop to your TV. You can never have too many USB ports, and Bluetooth can be useful.

Which laptop to buy: what manufacturers to consider

We can’t in all fairness list only a few laptops makers and tell you to avoid all others. But I will say this: laptops are complex and expensive machines. Things go wrong all the time, and you want to know that if your laptop breaks you will be able to take it back to the manufacturer and get it fixed. So I would always err toward a manufacturer with history and a good reputation. There are great deals to be had online, but there’s nothing wrong with a physical store into which you can walk with your laptop if you need help.

Check out the reputation of your chosen manufacturer, although do bear in mind that all computer makers turn out the occasional lemon and customers tend not to post online with stories of a good PC delivered on time. And remember, if something looks too good to be true it probably is.

Which laptop to buy: how much should I pay?

Again: work out what you need, and work from there. These days it is perfectly possible to get an adequate web-browsing machine for 300- 350 inc VAT, if you don’t need the very best build or the latest spec. But if you want style, portability and performance you will need to shell out for it. Work out the specs you require, then look at what is available online and on the high street. Remember that at the lower end of the market even mainstream supermarkets sell decent laptops these days. But when you see a model you think would suit your purposes, be sure to check that spec against what you can get online to ensure you grab a bargain. For more, see: How to choose a laptop below 500 .

Which laptop to buy: best laptops of 2015

Still confused as to which laptop to buy? Fear not. Below are links to our regularly updated laptops group tests, featuring full reviews of the latest and greatest laptops in a variety of key categories.

Buying a Home With Owner Financing #student #loan #rates

#home financing

Owner Financing in Real Estate

By Elizabeth Weintraub. Home Buying/Selling Expert

Elizabeth Weintraub has an extensive background in real estate spanning more than 30 years, including experience in related industries such as title and escrow. She is a full-time broker-associate at Lyon Real Estate’s midtown Sacramento office and is recognized as a top producer. She is also a Life Member of the Master’s Club, an honor bestowed by the Sacramento Board of REALTORS , and ranks in the top 1% of all the agents at Lyon Real Estate.

CA BRE License #00697006

Asking a seller to give you owner financing to buy a home can be a tricky proposition. That s partly because if you ask the listing agent if the owner will carry some or all of the financing, the agent probably doesn t know. Why? The agent never asked.

Most sellers don t sell a home every day. Their knowledge is limited to conventional practices where the buyer goes to the bank to get a mortgage .

However, for a seller whose home isn t selling or when traditional lender guidelines are tightened, owner financing suddenly becomes very popular. Owner financing is definitely a viable option in buyer s markets .

What is Owner Financing?

When part or all of the purchase price, less the buyer s down payment. is carried by the seller, the seller is providing owner financing.

It doesn t matter if the property has an existing loan, except to the extent that the existing lender might accelerate the loan upon sale due to an alienation clause. Instead of going to the bank, the buyer gives a financing instrument to the seller as evidence of the loan and makes payments to the seller.

If the property is free-and-clear, meaning the seller has clear title without any loans, the seller might agree to carry all of the financing. In that instance, the buyer and seller agree upon an interest rate, monthly payment amount and term of the loan, and the buyer pays the seller for the seller s equity on an installment basis.

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The security instrument is generally recorded in the public records, which protects both parties. Bear in mind, some state laws prohibit balloon payments.

Types of Owner Financing

Most purchase-money transactions are negotiable. Sellers and buyers are free to negotiate the terms of the owner financing, subject to usury laws and other state-specific regulations.

While there is no standard down payment required, many sellers want a sufficient down payment to protect their equity. Down payments can vary from little to 30% or more. Sellers feel their equity is safeguarded by the buyer s down payment because buyers are less likely to go into foreclosure if they ve invested a lot of money upfront.

Some variations of owner financing include:

Land contracts do not pass legal title to the buyer, but give the buyer equitable title. The buyer makes payments to the seller for a certain period. Upon final payment or a refinance, the buyer receives the deed.

Sellers can carry the mortgage for the entire balance of the purchase price (less the down payment), which may include an underlying loan. This type of financing is called an all-inclusive mortgage or all-inclusive trust deed (AITD). The seller receives an override of interest on the underlying loan.

A seller may also carry a junior mortgage, in which case, the buyer would take title subject to the existing loan or obtain a new first mortgage. The buyer receives a deed and gives the seller a second mortgage for the balance of the purchase price, less the down payment and first mortgage amount .

  • Lease Purchase Agreements.

    Selling on a lease purchase agreement means the seller is giving the buyer equitable title and leasing the property to the buyer. Upon fulfillment of the lease purchase agreement, the buyer receives title and typically obtains a loan to pay the seller, after receiving credit for all or part of the rental payments toward the purchase price.

    Owner Financing Benefits to Home Buyers

    • Little or No Qualifying.

    Even if the seller demands a credit report on the buyer, the seller s interpretation of buyer qualifications are typically less stringent and more flexible than those imposed by conventional lenders.

    Unlike conventional loans. sellers and buyers can choose from a variety of payment options such as interest only. fixed-rate amortization. less-than-interest or a balloon payment. Payments can mix and match. Interest rates can adjust periodically or remain at one rate for the term of the loan.

  • Down Payment Flexibility.

    Down payments are negotiable. If a seller wants a larger down payment than the buyer possesses, sometimes sellers will let a buyer make periodic lump-sum payments toward a down payment.

    Without an institutional lender, there are no loan or discount points to pay. No origination fees. processing fees, administration fees or any of the other assorted miscellaneous fees that lenders routinely charge, which automatically saves money on buyer closing costs .

    Because buyers and sellers aren t waiting on a lender to process the financing, buyers can close faster and get buyer possession earlier over a conventional loan transaction.

    Owner Financing Benefits to Home Sellers

    • Higher Sales Price.

    Because the seller is offering owner financing, the seller may be in a position to command full list price or higher.

    The seller might pay less in taxes on an installment sale. reporting only the income received in each calendar year.

    Payments from a buyer increase the seller s monthly cash flow, resulting in spendable income.

  • Higher Interest Rate.

    Owner financing can carry a higher rate of interest than a seller might receive in a money market account or other low-risk types of investments.

  • Shorter Listing Term.

    Owner financing attracts a different set of buyers. If a property is not selling under conventional methods, offering owner financing is one way to stand out from the sea of inventory and move a hard-to-sell property that otherwise might not sell.

    In closing, before entering into a transaction with owner financing, consult a real estate lawyer and obtain competent legal advice.

    At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.

  • Buying a New Car #commercial #loan

    #new car loans

    Related Items

    A new car is second only to a home as the most expensive purchase many consumers make. According to the National Automobile Dealers Association. the average price of a new car sold in the United States is about $30,000. That’s why it’s important to know how to make a smart deal.

    Buying Your New Car

    Think about what car model and options you want and how much you’re willing to spend. Do some research. You’ll be less likely to feel pressured into making a hasty or expensive decision at the showroom and more likely to get a better deal.

    Consider these suggestions:

    • Check publications and websites that discuss new car features and prices. These may provide information on the dealer’s costs for specific models and options.
    • Shop around to get the best possible price by comparing models and prices in ads and at dealer showrooms. You also may want to contact car-buying services and broker-buying services to make comparisons.
    • Plan to negotiate on price. Dealers may be willing to bargain on their profit margin, often between 10 and 20 percent. Usually, this is the difference between the manufacturer’s suggested retail price (MSRP) and the invoice price.
    • Because the price is a factor in the dealer’s calculations regardless of whether you pay cash or finance your car — and also affects your monthly payments — negotiating the price can save you money.
    • Consider ordering your new car if you don’t see what you want on the dealer’s lot. This may involve a delay, but cars on the lot may have options you don’t want — and that can raise the price. However, dealers often want to sell their current inventory quickly, so you may be able to negotiate a good deal if an in-stock car meets your needs.

    Learning the Terms

    Negotiations often have a vocabulary of their own. Here are some terms you may hear when you’re talking price.

    • Invoice Price is the manufacturer’s initial charge to the dealer. This usually is higher than the dealer’s final cost because dealers receive rebates, allowances, discounts, and incentive awards. Generally, the invoice price should include freight (also known as destination and delivery). If you’re buying a car based on the invoice price (for example, “at invoice,” “$100 below invoice,” “two percent above invoice”) and if freight is already included, make sure freight isn’t added again to the sales contract.
    • Base Price is the cost of the car without options, but includes standard equipment and factory warranty. This price is printed on the Monroney sticker.
    • Monroney Sticker Price (MSRP) shows the base price, the manufacturer’s installed options with the manufacturer’s suggested retail price, the manufac-turer’s transportation charge, and the fuel economy (mileage). Affixed to the car window, this label is required by federal law, and may be removed only by the purchaser.
    • Dealer Sticker Price, usually on a supplemental sticker, is the Monroney sticker price plus the suggested retail price of dealer-installed options, such as additional dealer markup (ADM) or additional dealer profit (ADP), dealer preparation, and undercoating.

    Financing Your New Car

    If you decide to finance your car, be aware that the financing obtained by the dealer, even if the dealer contacts lenders on your behalf, may not be the best deal you can get. Contact lenders directly. Compare the financing they offer you with the financing the dealer offers you. Because offers vary, shop around for the best deal, comparing the annual percentage rate (APR) and the length of the loan. When negotiating to finance a car, be wary of focusing only on the monthly payment. The total amount you will pay depends on the price of the car you negotiate, the APR, and the length of the loan.

    Sometimes, dealers offer very low financing rates for specific cars or models, but may not be willing to negotiate on the price of these cars. To qualify for the special rates, you may be required to make a large down payment. With these conditions, you may find that it’s sometimes more affordable to pay higher financing charges on a car that is lower in price or to buy a car that requires a smaller down payment.

    Before you sign a contract to purchase or finance the car, consider the terms of the financing and evaluate whether it is affordable. Before you drive off the lot, be sure to have a copy of the contract that both you and the dealer have signed and be sure that all blanks are filled in.

    Some dealers and lenders may ask you to buy credit insurance to pay off your loan if you should die or become disabled. Before you buy credit insurance, consider the cost, and whether it’s worthwhile. Check your existing policies to avoid duplicating benefits. Credit insurance is not required by federal law. If your dealer requires you to buy credit insurance for car financing, it must be included in the cost of credit. That is, it must be reflected in the APR. Your state Attorney General also may have requirements about credit insurance. Check with your state Insurance Commissioner or state consumer protection agency .

    Before you negotiate the price of your next new car, use this worksheet to establish the bargaining room. *You can get the invoice price by looking at the dealer’s invoice or reviewing car publications.

    Trading in Your Old Car

    Discuss the possibility of a trade-in only after you’ve negotiated the best possible price for your new car and after you’ve researched the value of your old car. Find out what your current vehicle is worth before you negotiate the purchase of a new car. Check the National Automobile Dealers Association’s (NADA) Guides , Edmunds. and Kelley Blue Book. This information may help you get a better price from the dealer. Though it may take longer to sell your car yourself, you generally will get more money than if you trade it in.

    Considering a Service Contract

    Service contracts that you may buy with a new car provide for the repair of certain parts or problems. These contracts are offered by manufacturers, dealers, or independent companies and may or may not provide coverage beyond the manufacturer’s warranty. Remember that a warranty is included in the price of the car while a service contract costs extra.

    Before deciding to purchase a service contract, read it carefully and consider these questions:

    • What’s the difference between the coverage under the warranty and the coverage under the service contract?
    • What repairs are covered?
    • Is routine maintenance covered?
    • Who pays for the labor? The parts?
    • Who performs the repairs? Can repairs be made elsewhere?
    • How long does the service contract last?
    • What are the cancellation and refund policies?

    Buying a Home After Bankruptcy #payday #loan #store

    #loans after bankruptcy

    When and How to Find a Home Loan

    Understandably, mortgage companies want some form of reassurance that the borrower is on a safe and responsible financial track. Many lenders prefer to see three things when considering loaning money to someone following a bankruptcy:

    • A two-year stretch of on-time bill payments
    • A down payment
    • A steady income

    The one non-negotiable item on the list is a reliable income. The other two two spotless years of credit and a down payment aren t quite set in stone. Some lenders will be willing to provide a loan sooner than two years if there is evidence of responsible bill payment on a car or secured credit card plus reliable income.

    Likewise, with a steady work history and a down payment (even a small one), it s not impossible for someone just coming out of bankruptcy to secure 100-percent coverage on a home loan.

    Finding a reputable lender willing to loan a home s total value to someone just beginning the process of rebuilding their credit, and with an on-again off-again employment situation, is a tall order, and probably not a good idea for the would-be borrower. Post-bankruptcy borrowing should be undertaken at a slow pace and with an eye toward the future. With proof of responsible borrowing and spending, home ownership won t be far off.

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    Buying a Car with Bad Credit – Bank vs. Dealer Financing #best #loans

    #bank loans for bad credit

    Buying a Car with Bad Credit – Bank vs. Dealer Financing

    Bank financing

    Whenever possible, it’s best to get your auto loan before you walk onto a dealer’s property. When you already have an approved loan, you may as well have cash in hand, cash you can take with you and walk away if you don’t like the way things are going.

    What’s more, an independent bank won’t try to raise the car’s price, ignore trade-in credits or lard the contract with extras like credit insurance or extended warranties.

    At present, Capital One. Household Finance and AmeriCredit stand out as being particularly aggressive in offering loans to subprime borrowers. Be sure to check the complaints about these and other companies you may be considering. We get our share of hair-raising complaints about each of these companies (as well as most of the others) but they may be the best non-dealer financing options a consumer with bad credit can get.

    One good thing about borrowing from banks is that you can sometimes complete the entire application online — often a good thing if you’re embarrassed about discussing your past credit issues with a potentially predatory finance officer.

    Capital One, for example, offers an online car loan application at The bank promises to respond within three business hours if you qualify for its Custom Finance Program (aimed at borrowers with credit issues).

    Dealer financing

    If you can’t line up a bank loan, you can go to the dealer and see what kind of financing they can get for you. For some people, dealer financing is more or less are the only option.

    “The lenders do have cutoff points,” notes Todd Kutcher, chief operating officer of lending site “If a consumer’s score is below the mid-500s, they’re just auto-declined by many lenders. In that case, an individual’s best bet is with dealers. They have a lot more flexibility.”

    Among other options, most dealers have access to what’s known as “captive finance companies,” finance firms owned and run by auto manufacturers. Often, they’re the lenders behind the sweeter low- or no-interest deals that pop up so prominently in car advertisements. Sometimes, though not always, they’ll also be the finance company willing to take a chance on higher-risk loans, given that their job is to move cars for dealers.

    Virtually any auto dealer you deal with is likely to have a captive they can work with in a pinch. Mazda, for example, finances vehicles through subsidiary Mazda American Credit, GM dealers have General Motors Acceptance Corp. Nissan dealers Nissan Motor Acceptance Corp. and so on.

    While there are no guarantees, representatives of several of the larger captive finance companies contacted by said that they do offer bad credit loans, though they couldn’t be specific as to how low your FICO score could be. “We do not necessarily go out of their way to finance subprime customers, as a captive, they will generally finance deeper than a bank might,” says a Mazda American Credit spokesman.

    As with the banks, bear in mind that different captives have different business practices, and some are less savory than others. If you’re a bad-credit customer, you’re going to want to be especially careful about whom you deal with, and captives are no exception. Search the site, and you’ll find complaints about overcharging, financing trickery and other ills. Go into the deal with your eyes wide open.

    Domain name and web hosting, what – s the difference? Bluelime Media #buying #a #domain #name #and #hosting


    Domain name and web hosting, what s the difference?

    January 12, 2011

    When setting up your first website it s not uncommon to get confused between domain name registration and web hosting.

    Your domain name is the name of your site or your url ( and can be purchased by going to a domain name registrar. Domain names usually range from about $10 to $50/year depending on the extension. (.ca are more expensive than .com.)

    In order for your website to appear on the Internet, the files need to be uploaded to a server. These can be hosted at a hosting company. Hosting is usually billed monthly or annually at a rate of $10 to $50/month depending on how the type of server you need and how much space and bandwidth you are using.

    Domain names can be purchased anywhere, but it s convenient to buy the domain and set up hosting in the same location.

    When setting up WordPress sites, I recommend the following hosting providers:

    All of these hosting companies provide domain name registration as well as hosting making it very convenient.

    You can however, purchase a domain name and then host it somewhere else.

    The following domain name registrars are quite popular:

    Once you ve purchased a domain name, you will be provided with login details to access your account. It s important to keep this info on hand and pass it on to your web developer.

    If you ve purchased a domain name at one company and decide to host it somewhere else, then you ll need to login to your domain registrar and modify the dns. This dns change just tells your domain registrar that the url you are using is now being hosted by someone else.

    Before modifying the dns, be mindful of your email addresses. If you ve set up email addresses with your domain registrar, you will need to set these up again with your hosting provider. Before making any changes, it s best to contact your web developer or IT department and make sure that any changes won t incur email loss.

    This whole domain name registration and hosting may seem daunting but it s very simple once you ve done it once or twice. If you re setting up a brand new site, choosing one of the hosting companies to purchase both domain name and hosting will make it simpler. If you ve already purchased the domain name somewhere else, just make sure that you keep your login details to both domain registrar and hosting provider and pass this info to your web developer.

    January 12, 2011

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    Computer Networking #computer, #fundamentals, #tutorial, #beginners, #overview, #applications, #generations, #types, #components, #cpu, #input #devices, #output #devices, #memory, #ram, #rom, #motherboard, #memory #units, #ports, #hardware, #software, #number #system, #number #conversion, #data, #networking, #operating #system, #internet, #intranet, #buying, #courses.


    Computer – Networking

    A computer network is a system in which multiple computers are connected to each other to share information and resources.

    Characteristics of a Computer Network

    Share resources from one computer to another.

    Create files and store them in one computer, access those files from the other computer(s) connected over the network.

    Connect a printer, scanner, or a fax machine to one computer within the network and let other computers of the network use the machines available over the network.

    Following is the list of hardware’s required to set up a computer network.

    • Network Cables
    • Distributors
    • Routers
    • Internal Network Cards
    • External Network Cards

    Network Cables

    Network cables are used to connect computers. The most commonly used cable is Category 5 cable RJ-45.


    A computer can be connected to another one via a serial port but if we need to connect many computers to produce a network, this serial connection will not work.

    The solution is to use a central body to which other computers, printers, scanners, etc. can be connected and then this body will manage or distribute network traffic.


    A router is a type of device which acts as the central point among computers and other devices that are a part of the network. It is equipped with holes called ports. Computers and other devices are connected to a router using network cables. Now-a-days router comes in wireless modes using which computers can be connected without any physical cable.

    Network Card

    Network card is a necessary component of a computer without which a computer cannot be connected over a network. It is also known as the network adapter or Network Interface Card (NIC). Most branded computers have network card pre-installed. Network cards are of two types: Internal and External Network Cards.

    Internal Network Cards

    Motherboard has a slot for internal network card where it is to be inserted. Internal network cards are of two types in which the first type uses Peripheral Component Interconnect (PCI) connection, while the second type uses Industry Standard Architecture (ISA). Network cables are required to provide network access.

    External Network Cards

    External network cards are of two types: Wireless and USB based. Wireless network card needs to be inserted into the motherboard, however no network cable is required to connect to the network.

    Universal Serial Bus (USB)

    USB card is easy to use and connects via USB port. Computers automatically detect USB card and can install the drivers required to support the USB network card automatically.