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How to Choose Pink Slip Loans #get #a #loan


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How to Choose Pink Slip Loans

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Narrow the list of potential lending organizations to those with licenses from your state or memberships in professional or consumer organizations, where applicable. California requires all legitimate lending institutions to acquire a license from the state. Some professional and consumer credentials include the Better Business Bureau and the American Bankers Association.

Look for organizations with multiple branches. These lending organizations have established a brand and are more likely reputable.

File a free credit score report before securing a pink slip loan. Your credit score will partly determine the interest rate and repayment schedule of a loan; you should not apply for a loan without knowing this number.

Shop for the best interest rate — these rates typically vary depending on an applicant’s credit score, but they also vary from one lending institution to the next. Pink slip loans can carry rates as high as 30 percent; this fee increases a $1,000 loan to a repayment of $1,300. A 20 percent interest rate would only increase the repayment amount on the same loan to $1,200.

Calculate the amount of cash you need in a loan and weigh this number against the value of your car. You can find the value of your car in Kelley Blue Book, the National Automobile Dealers Association or Edmunds, among others. Pink slip loan organizations may lend up to 120 percent of the value of your car.

Determine whether or not you can pay back the loan by the end of the lending period. Lending periods for pink slip loans last between 30 and 60 days; if you cannot pay back the loan by the end of that period, the lending organization may offer you an extended repayment period at a higher interest rate. If you do not pay back the loan by the end of that extended period, you forfeit your vehicle.



Variable vs Fixed Rate Student Loans – Which Should You Choose? #home #loan #interest #rates


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Variable vs Fixed Rate Student Loans

8/11/2014 by Shawn Lindstrom in Student Loans Comments Off on Variable vs Fixed Rate Student Loans

Understanding the basic concept of variable vs. fixed rate student loans if fairly simple.  A variable interest rate will change periodically over the term of the loan whereas a fixed rate will not.  The questions many borrowers face is, which is better?  Answering that question is more difficult than you might think at first.  Let s take look at the pros and cons of each, so you can make an informed decision about which type to choose for your student loans.

Federal Student Loans

To get started, let s talk briefly about federal student loans.  All federal student loans have fixed rates.  The rate is set prior to July 1st of each academic year and applies to loans made between July 1st and June 30th.  If you attend college for four years, for example, you may borrow four times during each of those academic periods.  Your rate on each of those four loans will vary, but will not change over the repayment term.  Essentially, you could wind up with four loans with different fixed rates, but for each of those loans, their interest rates won t change over the course of repayment.  When you enter repayment, you can also decide whether or not consolidating those loans in to a single loan with a fixed rate makes sense.  Your fixed rate on a federal consolidation loan is the weighted average of the rate on the loans to be combined.  Don t be scared off by the term weighted average.  It just means that the rate on your higher balance loans will count more toward determining the average.  To learn more about federal student loans, and the current fixed rates, see: Federal Student Loans.

Private Student Loans

Now that we have federal loans out of the way, let s discuss private student loans.  Most lenders today are offering both variable and fixed rate student loans.  The LoanFinder (our tool that helps you compare student loans ) only includes variable interest rate programs.  We do this because it s a bit less confusing for borrowers when they are first evaluating their options.  However, depending on your particular situation and comfort with risk, a fixed rate option  can make sense.

When comparing one program s variable rate to its fixed rate, the first thing you ll notice is that the fixed rate is always higher.  Since student loans are repaid over a relatively long period of time, lenders set rates such that if they do increase in the future, they aren t losing out on the margin they could earn had the loan been variable.  In essence, when you choose a variable rate, you are betting that interests rates won t rise substantially during the repayment term.  If you choose a fixed rate, you are betting that rates will increase.

So, how do you know if interest rates will increase?  The truth is, you can t know.  You can, however, weigh the relative odds that a variable rate loan will increase simply by looking at the trend of the rate instrument that underlies your loan s interest rate.  For example, we can look at a relatively long history for the Prime Rate or for the 3- or 1-Month LIBOR rates.  These are what we d call base rates.  When you look at a lender s repayment examples or disclosures, they will tell you that the rate is based on, for example, the 1-Month LIBOR plus a margin that can range from X Y depending on how qualified a borrower you are.  Let s take a look at a common base rate like 1-Month LIBOR and see where it has been and where it seems  to be going:

Data courtesy of forecasts.org

As you can see, in the case of 1-Month LIBOR, rates have been falling for the most part subsequent to the financial and credit crisis of 2008.  However, if you look closely, you ll see that they are once again beginning to rise.  The trick here is that a lot have changed in the short course of the past five years.  When thinking about the repayment term of a private student loan, it may be 5, 10 or even 15 years in length.  The point is that no one can predict the future and the best quote I ve ever heard about interest rates while they have been historically low is that they have nowhere to go but up.



Choose Wonga over quick loans online #money #loan


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Choose Wonga over typical quick loans online

Looking for loans online?

Wonga is an innovative digital finance company. We’re here to ease your short term, urgent cash flow needs. So if you’re short of cash due to an expected bill or emergency, we could help.

Why use Wonga?

Transparent

We always show you the full costs upfront and the total amount to repay before you apply. There are no catches or hidden fees and if you repay early, you will save money as you only pay interest for the days you borrow.

Our flexible, short-term service comes with a representative APR of 1,509%APR, but bear in mind that the average loan duration is usually less than 20 days. We provide short-term loans, while APR is an industry-standard calculation that looks at annual repayment costs. We don’t actually charge thousands of percent in interest.

Wonga is a responsible lender and we carefully assess all applications on an individual basis and only lend to applicants whom we believe can comfortably afford to repay their loan on their promise date.

You should always think carefully before committing to any form of credit. If you can’t repay on time we’d urge you to contact us immediately. We always want to help you if you are experiencing financial difficulties and we’ll try to find a fair and flexible solution that takes your financial circumstances into consideration.

Flexible and convenient

Wonga offers a flexible online service where you get to choose how much to borrow and for how long. You can even pay back early and save on interest, as we only charge for the number of days you actually borrow. If your online loan application is approved, we’ll send the money within five minutes.

We also make repaying your Wonga loan as easy as possible as we automatically collect repayment from the debit card which you register with us. Please make sure you read about how we collect payments for further detail.

You can also apply for a Wonga loans online 24/7 through our website and mobile.

To be eligible to apply for a Wonga loan, you must:

  • Be a UK resident
  • Be over 18
  • Have a UK bank account and debit card
  • Own a mobile phone

If you need to get in touch, our contact details are:



Air Conditioning – AC Contractor #air #conditioning,cool, #lehigh, #southwest, #area, #service, #florida, #acres, #conditioning, #cool #air, #lehigh #acres, #southwest #florida, #community #provide #outstanding, #acres #southwest #florida, #of #address #lehigh, #air #conditioning #system, #level #service #naples, #fl #bonita #springs, #addition #home #base, #sanibel #captiva #areas, #myers #punta #gorda, #cape #coral #fort, #servicing #installing #model, #worth #experience #diagnosing, #fl #proudly #serving, #located #lehigh #acres, #cool #cool #air, #conditioning #contractor #family, #the #southwest #florida, #area #1970 #cool, #technicians #couple #decades, #team #expert #service, #greg #matthew #borek, #managing #brothers #frank, #easy #choose #air


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B & B Cool Air Makes it Easy for You to Choose the Right Air Conditioning Contractor

We Keep Your Family Cool

B B Cool Air, located in Lehigh Acres, FL, has been proudly serving the southwest Florida area since 1970. Along with B B Cool Air s managing brothers Frank, Greg and Matthew Borek, our team of expert service technicians have more than a couple of decades worth of experience diagnosing, servicing and installing just about every make and model of air conditioning system you can think of.

Although our address is in Lehigh Acres, we consider the whole of southwest Florida to be our community. We provide the same outstanding level of service throughout the Naples (FL), Bonita Springs, Cape Coral, Fort Myers, Punta Gorda, Sanibel and Captiva areas, in addition to our home base.

Rheem AC Systems

B B Cool Air is a Rheem Pro Partner and as such, we are proud to offer the Rheem air conditioning line of highly efficient and reliable products to our customers. Rheem AC products are considered top of the industry when it comes to quality and that means a lot to us, since it is our policy to only recommend the best products to you.

Even though we exclusively carry Rheem products, our entire team of service technicians are extensively trained and qualified to handle all makes and models of air conditioning systems. So, no matter what type of air conditioner you currently have in your home, you can be sure that we will be able to expertly deal with any maintenance or service issues you are experiencing.

Air Conditioning Sales Service

Whether you are having issues with your air conditioning system and are looking for ac repair services or are in the market to entirely replace your air conditioning system and are looking for a free estimate, please give us a call at (239) 674-1525. Our experts will be happy to answer any questions you might have.

And while you have them on the line, go ahead and inquire about whether setting up an annual air conditioning system checkup and maintenance visit would be right for you. For a very low cost, we can probably have your air conditioning system running at peak efficiency again.

What Our Customers Say

Dear B B Cool Air Inc, So often good employees are not acknowledged. Adam came to my home in Gateway and serviced my system. He was professional yet friendly. You have a great employee in him. Also, Laurie in your office has been so helpful. She, too, is to be commended. I will be calling soon for the a/c service on my other house in Riverdale. Thanks to all of you at B B.

B B Cool Air s Community Involvement

You really get a sense of B B Cool Air s commitment to the southwest Florida community when you look at all the good they do through numerous outreach programs. As part of the SW Florida Rheem Team, they gladly give tens of thousands of dollars each year in donations to help fund various scholarship programs. B B Cool Air is also grateful that they were able to help out the Calusa Nature Center and Planetarium in Fort Myers when the copper of the air conditioning units was stolen. The SW FL Rheem Team donated two completely new air conditioning systems.

The SW Florida Rheem Team is a highly esteemed organization of carefully selected HVAC professionals who have been recognized for their commitment to excellence and their tireless community involvement. B B Cool Air is not just a member of the SW Florida Rheem Team, our very own Greg Borek just happens to be their President.

Recent Questions Answered

General Air Conditioning

What can I do before calling for AC Service?

Why Choose Us

Locally Owner Operated
We re hands-on and so are the owners.

Long History in SW Florida
B B Cool Air is here since 1970.

Rheem Pro Partner
B B Cool Air belongs to a group of carefully selected HVAC Contractors in the USA.

Always Up-to-Date with Standards
Our staff is highly educated and well trained.

Reasonable Priced
Our pricing structure is very clear.

Licensed Insured HVAC Contractor
You always want to make sure that your contractor fulfills the state requirements. We do!

About us

Here at B B Cool Air, we want to make it easy for you to know and trust us so when it comes time to choose an air conditioning contractor, your choice will be simple. B B Cool Air s owners Frank, Greg and Matthew Borek have put together a strong team with a whole lot of expertise and experience under their belts.

Our Service Area



Best Instant Auto Loan Companies to Choose From. #bad #credit #loans #not #payday #loans


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Best Instant Auto Loan Companies to Choose From

An instant auto loan grants you an approval for your next car purchase in less than an hour in most cases if you meet certain minimum criteria. Yes, regardless if you have a great or a dismal credit history, instant auto loan companies usually help you find a car loan quickly.

Not all instant auto loan companies are the same and some online instant car loan sites are definitely better than others. Comparing things like interest rates is very important when seeking a new or used auto loan and often instant auto loans are willing to offer you the best rates depending on your credit rating. If your credit rating is poor, you may still be able to get an instant auto loan but you may be limited to purchasing a good quality used car instead of a new one.

With that in mind, here is a list of some of the best instant auto loan companies.

CarsDirect

CarsDirect is not only one of the best instant auto loan companies, they are by far one of the best and most comprehensive car buying sites on the Internet. CarsDirect can help you apply for quick financing they almost always give you a definitive answer in less than an hour. Their 24-hour online operators are second to none when it comes to great customer service and can help you apply for a loan, choose the right vehicle and even help you get car insurance.

LendingTree.com

Although not usually as quick at getting you a credit decision as CarsDirect, LendingTree.com is another excellent source for instant auto loans. The LendingTree.com website will allow you to submit a credit application and get offers from several lenders at once. Lending Tree offers loan programs for people with credit scores that range from just plain horrible all the way to good as gold . Founded in 1996, Lending Tree is one of the largest and oldest lending sites on the Web and has helped millions of people.

E-LOAN

E-LOAN is another loan and mortgage broker site that has been around since the dawn of the dot-com revolution. Started in 1997, E-LOAN also provides service much in the same manner as Lending Tree and is their biggest competitor. E-LOAN helps millions of customers get car loans in a matter of hours and is known to have a check in their hands as soon as the next day. E-LOAN also runs a full service banking division and is a member of the Federal Deposit Insurance Corp.

Capital One

Although primarily known as one of the Nation s largest credit card companies, Capital One is also one of the country s largest car loan lenders. You can visit their website at CapitalOne.com and apply for a car loan quickly and easily. You can usually receive a lending decision in a matter of minutes if you have good credit, a day or two if it less than perfect.

Capital One makes car loans to many borrowers with varying levels of credit worthiness. They are not known however to make purely Bad Credit Car Loan offers. If you have good or excellent credit, however, they do offer some very competitive interest rates for quick decision car loans.

Wells Fargo

Wells Fargo is a banking and loan company of more than 150 years (ever since the Gold Rush in California). They are also one of the largest car loan lenders in the United States and their acquisition of Wachovia Bank has only made them stronger. If you are looking for stability in an instant auto loan company, you need look no further than Wells Fargo. They also offer quick decision auto loans and have thousands of convenient local branches that service those loans.



Schools with Fire Engineering Degrees: How to Choose #fire #engineering #degree, #schools #with #fire #engineering #degrees: #how #to #choose


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Schools with Fire Engineering Degrees: How to Choose

Firefighters and people interested in fire protection can pursue studies in fire protection and safety engineering. Fire engineering is a constantly developing field of study that involves fire suppression, fire protection, and the reduction of safety risks. Programs in fire engineering are available on-campus and online at the undergraduate and graduate levels.

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Fire engineering programs are offered at a variety of public and private universities. They are available at both the undergraduate and graduate degree levels.

10 Fire Engineering Schools

The following schools offer fire engineering programs:

School Selection Criteria

Programs in fire engineering are usually found at 4-year schools. There are many considerations for a student in search of a fire engineering program, including the following:

  • Prospective students with scheduling commitments may want to look for online programs with asynchronous learning; these are commonly available at the bachelor’s and master’s degree levels.
  • It can be helpful to find out about the school’s facilities when looking for programs. Some schools have state-of-the-art fire simulation labs.
  • Prospective graduate students who are considering research-focused programs should look for schools where there are faculty members with whom they share research interests, as they may act as faculty advisors.
  • Students may want to look for programs that are accredited by the Accreditation Commission of the Accreditation Board for Engineering and Technology (ABET), or the International Fire Service Accreditation Congress (IFSAC).

Associate’s Degree Programs

A few schools offer associate’s degree programs in fire engineering technology. These programs introduce students to the basics of fire protection systems design, investigation and administration. Students may also be required to complete an internship, and they must fulfill general education requirements before they can graduate. Upon completion, graduates are prepared for entry-level fire engineering technician positions, or they may advance to a bachelor’s degree program in fire engineering.

Bachelor’s Degree Programs

Bachelor’s degree programs in fire engineering provide a comprehensive overview of the field, covering topics such as fire prevention, fire suppression, fire protection, and safety measures. Some programs prepare students for relevant industry certification exams, such as the Paramedic or Fire Inspector exam. Most programs take four years to complete, but some are offered online in accelerated formats.

Master’s Degree Programs

Master’s degree programs in fire engineering give students the chance to pursue advanced studies in this highly interdisciplinary field. They include both theoretical and practical courses in topics such as structural behavior and material testing methods. Depending on the school, students may be able to choose between thesis- and non-thesis options.

Doctoral Degree Programs

Individuals who want to conduct advanced research in the field of fire engineering can find a few schools that offer PhD programs in the field. In these programs, students undertake high-level research in a particular area of interest, such as fire suppression, building fire safety, fire detection, explosion protection or fire dynamics. PhD programs culminate in a doctoral dissertation.

Graduate Certificate Programs

Experienced engineers who want to pursue advanced studies in fire engineering without committing to a full master’s degree programs may earn a graduate certificate in the field. Some certificate programs focus more heavily on the scientific aspects of fire engineering, while others emphasize the real-world applications of studies in the field.

Fire engineering programs are available at both the undergraduate and graduate degree levels. Students should consider the school’s facilities and their career goals when choosing between programs.

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Online Medical Laboratory Technician Schools: How to Choose #medical #lab #technician #schools #online, #online #medical #laboratory #technician #schools: #how #to #choose


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Online Medical Laboratory Technician Schools: How to Choose

Medical laboratory technicians must have laboratory experience in the field to become certified; therefore, students typically complete hybrid programs rather than fully online programs. Learn about the choices involved in selecting a school and what kind of curriculum to expect.

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When choosing a program for medical laboratory technician training, it is important for students to consider desired program level, availability, and clinical requirements. Interested individuals should also think about previous experience, career goals, and licensure requirements when making a final decision.

How to Select an Online Medical Laboratory Technician School

A few community colleges offer partially online medical laboratory technician programs. Students can enroll in an associate’s, bachelor’s or master’s degree, depending upon their current level of education. Hybrid programs for medical laboratory technicians are usually offered at the associate’s level, although bachelor’s and master’s programs are available to become a medical laboratory technologist. Students must then factor in the lab requirements.

Program Level

Prior to choosing an online school, applicants must consider their career goals and level of study. Those looking to become a medical laboratory tech only need to complete associate’s degree program in medical laboratory technology to begin work. However, online programs in medical technology are available at the bachelor’s and master’s levels. Students completing these programs are qualified to become certified medical laboratory technologists.

Online Availability

Though licensure requirements vary by state, most employers look for medical laboratory techs who are certified through the American Society for Clinical Pathology (ASCP), which requires them to have graduated from an approved institution in order to meet certification requirements. To become approved, an institution must provide students with clinical training; therefore, programs are typically offered in hybrid formats.

Laboratory Requirements

Some institutions allow students to take coursework over the Internet, then meet clinical requirements at a local area hospital or college facility. Others allow students to complete their clinical requirements at a number of different approved facilities across the country. Another option is for students to complete clinical requirements at a medical laboratory where they already work.

Find schools that offer these popular programs

  • Blood Bank Specialist
  • Clinical Genetic Technologist
  • Clinical Laboratory Sciences
  • Cytotechnologist
  • Hematology Technician
  • Histologic Technician
  • Histological Technologies
  • Medical Laboratory Technologies
  • Ophthalmic Laboratory Tech
  • Phlebotomy
  • Renal and Dialysis Technician

Online Programs for Prospective Medical Laboratory Technicians

Online Associate of Applied Science in Medical Laboratory Technology

This degree program is designed for students who have no experience in the allied health industry. The degree is normally presented online via education software that combines email and message boards. Prior to program completion, students must meet clinical hour requirements. Students complete online coursework in areas such as:

  • Urinalysis and body fluids analysis
  • Clinical chemistry
  • Immunology
  • Hematology

Online Bachelor of Science in Medical Laboratory Science

A bachelor’s degree program expands on the knowledge clinical laboratory technicians gained in an associate program through electives and general education. These degrees also provide the clinical experience needed for ASCP technologist certification. However, students with extensive work experience may be able to waive the clinical portion. Required coursework includes:

  • Biostatistics and research
  • Advanced clinical hematology and hemostasis
  • Advanced clinical microbiology
  • Chemistry
  • Immunohematology

Online Master of Science in Clinical Laboratory Science

These programs are designed for those members of the medical laboratory profession who wish to expand their careers through advanced education. Master’s degree programs focus on recent advances and research in the industry. Students can typically find these programs in fully online formats. Elective and required coursework can include:

  • Molecular diagnostics
  • Infectious disease
  • Healthcare regulations
  • Advanced topics in cytology

Schools with Online Programs in Laboratory Science

Weber State University’s Department of Medical Laboratory Sciences offers two relevant degrees for individuals currently employed in a hospital or lab. The first is a two-year Associate of Applied Science Technician degree and the second is a four-year BS Medical Technology (MT). Both programs are available online but the BS contains administrative coursework that the AAS does not. The AAS degree requires successful completion of 63 credits consisting of both specialized and general education coursework, while a BS degree requires the completion of 120 credits. After completing the AAS MLT program, students are eligible to take the ASCP MLT certification examination. The two available tracks depend on the individual’s desired future work environment. Online tuition is a flat fee regardless of physical location.

Rutgers has an online program available for a Masters in Clinical Laboratory Science. It focuses on the application and evaluation of knowledge in laboratory science to improve clinical laboratory and health care services. The MS program requires completion of 33 credits. This includes required specialized coursework, electives, and a self-directed graduate project that looks at a current issue in health care delivery. Students should be practicing professionals and have a baccalaureate degree in addition to being ASCP certified.

When choosing an online medical laboratory school, individuals must take into account program level, availability, and proximity to a laboratory environment. While many programs accept coursework via the internet, the clinical element generally must be completed in person.

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Students in a medical laboratory technician program will learn about the theoretical and practical applications of procedures.

Students in a medical lab technology associate program learn how to collect biological specimens, conduct lab tests and analyze.

Medical lab technicians require some formal education. Learn about the training, job duties and certification options to see if.

Phoenix, Arizona, has few not-for-profit schools offering medical laboratory technician degree programs. Find the best program.



Choose Wonga over typical fast cash advances #beneficial #loans


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Choose Wonga over a typical fast cash advance

Looking for a cash advance?

A cash advance is meant to tide you over for a short time for example, until your next payday, which could just be a week or two away. You can apply for a cash advance from lots of different lenders, but they don’t all offer the same deals. Processing fees, daily interest rates and other charges can often apply, so you should always think carefully before committing to any form of credit.

Choosing Wonga

We offer a solution for occasional, urgent and short term cash needs but you shouldn’t use our service to manage existing debt or if you’re feeling the strain financially. Check out these key features about our service:

  • You control how much you borrow and how long for
  • See the full cost upfront
  • We send the cash within 5 minutes of approval, 24/7
  • You can manage your loan and personal details 24/7 with your online account

An online cash advance

You can access our website on PC and mobile anytime, 24/7.

Using the sliders on the homepage, just select how much money you’d like to borrow and for exactly how long. We’ll show you the full cost upfront too with no hidden fees. If your application has been approved, we’ll send the cash within five minutes.

We want our relationship to be a happy and trusting one, so we lay out the facts as clearly as possible. Only you can decide whether to apply or not. So if you’re not sure you can afford a loan, or comfortably repay on your chosen date, please get advice before making a decision.

With your online account, you can manage your money whenever you want. Want to pay back early? You can repay some or all of your loan early by logging into your account on our website and you’ll save money as we only charge interest for the days you borrow.



How to choose the best lender for VA loans #best #va #loan, #how #to #choose #the #best #lender #for #va #loans


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How to choose the best lender for VA loans

By: VA Loan Captain, January 5, 2015 (Photo Credit: LM Otero/AP)

VA loans offer specific advantages that conventional loans simply can’t match. Of course, the main ingredient is not requiring a down payment, without a doubt the feature with the most impact. Yet while there is no down payment needed, interest rates are still very competitive when compared to other low down payment programs. You can get a low down payment conventional mortgage that asks for a 5.00 percent down payment but the rate is adjusted upward to accommodate the perceived increase in risk. And as a bonus, there is no monthly mortgage insurance that conventional must have with a down payment that is less than 20 percent of the sales price. Once you’ve determined that you are in fact eligible for a VA loan, your next step is to find the ideal VA lender.

The first and foremost requirement when selecting a lender for your VA loan is the lender’s status with the VA directly. Practically every single mortgage company offers the same suite of conventional mortgage loans, those underwritten to Fannie Mae and Freddie Mac guidelines. Those make for the lender’s main mix of loan programs. At the same time, those very lenders can also offer a VA home loan as well.

But if the lender isn’t approved by the VA, you should avoid that lender and find one that is VA approved. A VA approved lender understands the intricacies of the VA program and can shepherd your VA loan application through the approval process much easier. Approved VA lenders have the independent authority to not only accept your VA loan application but to order the appraisal, underwritten the loan according to VA standards and complete the entire process in-house without third party intervention.

Some lenders who may offer a VA loan merely take your loan application then forward the application to yet another lender who is in fact VA approved. VA loans are approved in a similar fashion as other loan programs but they do have their own guidelines that others don’t have. When a loan officer accepts a VA loan application that isn’t aware of all the VA rules that need to be followed, it’s possible your application could be held up needlessly during the approval process or worse, turned down when the loan could have received an approval by using a VA lender.

Choosing the program

OK, now you know to only shop around with VA-approved mortgage lenders. Your next step in the process is to decide on which loan program you’ll use when comparing different lenders. And this is a critical step.

There are multiple VA loans from which to choose with various choices from a 3/1 hybrid to a 15 year fixed or a 25 year fixed rate loan for starters. When getting rate quotes, you must stick to one program and not confuse the process by comparing a 15 year rate quote from one VA lender and a 30 year rate from yet another. Your job is to find the best combination of rates and fees using the very same standard.

VA lenders evaluate several factors when assigning an interest rate. Primarily, the variables include your credit score, your loan amount and how long you need the rate for and the lender’s fees charged to the veteran. While the VA doesn’t require a specific credit score, most lenders ask that your credit score be no lower than 640, 620 in some cases. If your credit score is above 720 you might get a better rate than someone with a score of 635.

Lower loan amounts may also have a slightly higher rate compared to larger ones as well. And finally, the longer you need the interest rate, your lock period, the higher your rate may be. Oh and one more thing, because rates can vary from day to day and even intra-day, make sure you get your rate quotes on the same day around the same time. Don’t rely on rate quotes on websites or advertisements; you need real, live quotes to reflect the current market.

When calling, your question will be something like this:

“I need your quote for a 30-year fixed rate loan of $150,000 with no points. My credit is excellent and we’re closing within 30 days and please include your allowable VA fees.”

By getting rate quotes from VA approved lenders in this fashion, you’re truly comparing apples to apples and providing each lender with a fair opportunity to provide you their best effort.



How to Choose the Best Federal Student Loan Repayment Plan #bankrate #loan #calculator


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How to Choose the Best Federal Student Loan Repayment Plan

If you have federal student loans, it’s important that you understand your loan repayment options. For example, did you know that you have the option to choose a repayment plan? That’s right. While your loan servicer (the company that handles the billing and other services on your federal education loan) will automatically place your loan on the Standard Repayment Plan. you CAN choose another plan.

The Department of Education offers several traditional and income-driven repayment plans with different payment options. So, make sure to take the time to understand these options and find the plan that works best for you.

Generally, our repayment plans offer three types of payments:

  • Fixed Payments: Our Standard Repayment Plan and Extended Repayment Plan offer payments that remain the same amount for the life of the loan.
  • Graduated Payments: Our Graduated Repayment Plan and Extended-Graduated Plan offer payments that start out low and gradually increase every two years.
  • Income-Driven Payments: Our three income-driven repayment plans offer payments that are calculated based on your income.

Choosing a repayment plan can feel overwhelming. Don’t worry—there are several resources available to help you understand the repayments plans, determine your eligibility for each plan, and make the right decision for you.

  • Use our online Repayment Estimator to find out which plans you may be eligible for and to estimate how much you would pay under each plan. (If you log-in, the Repayment Estimator will use your actual loan balance to estimate your eligibility and payment information.)
  • Get detailed information about each repayment plan on our website.
  • Watch our Repayment: What to Expect video to get a high-level overview of the repayment plans.
  • Check out our Repayment Plans infographic for an easy-to-understand visual that will give you some key points to keep in mind as you are choosing a repayment plan.
  • Read our Repay Your Federal Student Loans fact sheet for additional information on loan repayment and the repayment plans.
  • Contact your loan servicer to discuss your options and choose a federal student loan repayment plan that’s best for you.

Remember, the repayment plans discussed here are for federal loans only. If you have private loans. check with your lender about available repayment options.

For more information on federal student loan repayment plans, visit Studentaid.ed.gov/repay-loans .

Tara Marini is a communication analyst at the Department of Education’s office of Federal Student Aid.