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Banks that make the most money, and the least, on credit card loans #student #loan #consolidation #calculator


#credit card loans
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Banks that make the most money, and the least, on credit card loans

By Fred O. Williams

The most lucrative card companies are ones you probably never heard of — but whose cards you just might carry.

Store-card issuers Comenity Bank and Synchrony Financial, formerly called GE Capital, reaped the most interest and fees from their cardholders among 12 major card issuers, an analysis by CreditCards.com found.

Banks that issue credit cards are enjoying high profits these days, buoyed by low defaults and cheap funding costs. But some card banks are better off than others, thanks to cardholders who shell out more interest and fees. Creditcards.com analyzed financial reports filed by 1,300 U.S. banks to see who made the most — and the least — from their card business in 2013. (See Credit card income at 500 U.S. banks . )

The analysis found a wide spread in card income — with some big banks collecting three times as much from cardholders as their competitors. The industry generated an average yield of 12.4 cents on each dollar of card balances last year, before losses and other costs. Among the top dozen issuers, yields ranged from a high of 28.4 cents to a low of 8.4 cents per dollar of card loans.

How can some card companies charge much, much more than others?

No. 1, consumers are not doing a lot of shopping around, said Jeanne Hogarth, vice president of policy at the Center for Financial Services Innovation. And No. 2, it amazes me how insensitive consumers are to [the] price of credit.

Even people with good credit are lured into high-rate cards, when they could qualify for a cheaper deal, the analysis found. On the other hand, companies making the least from cardholders kept a lid on rates and fees that other banks use to drive profits.

Many applicants, drawn in by a card’s instant discounts or rewards, overlook its interest rates, penalty fees and other important costs — to their own detriment. When you’re looking to get a credit card, we want you to shop based on the lowest cost of borrowing, said Todd Mark, vice president of education at Consumer Credit Counseling Service of Greater Dallas.

What yields measure

Credit cards are known as one of banking’s profit centers. A group of 16 banks that specialize in credit cards had triple the industry’s average return on assets in the third quarter of 2014, according to the Federal Deposit Insurance Corp.’s Quarterly Banking Profile.

The yields calculated by CreditCards.com are not a look at bottom-line profits. They exclude the costs of running a card business, such as marketing, customer service, fraud prevention and the cost of funds. The yields also leave out some income sources, such as the swipe fees that retailers pay. However, the yield is a good yardstick for comparing how much money each company charges its cardholders, per dollar in balances.

The chart lists 12 banks with the biggest U.S. card business in 2013. The first bar represents their average yield — cents of interest and fees they collect per dollar of balances. The second bar shows the yield after deducting money lost when cardholders default.

After Comenity and GE, the issuers with the next-highest yields are Capital One and Citibank — both of which have large store-card businesses in addition to their general purpose cards. APRs on store-card agreements are typically several points higher than rates on general-purpose cards. Wells Fargo, Discover, Chase and Bank of America were in the middle of the pack of the 12 card banks, with interest and fee income that hovered near the industry average.

Most expensive card companies

Comenity, a unit of Plano, Texas-based Alliance Data Systems, is the bank behind more than 120 store-branded cards from niche retailers such as Abercrombie, Dress Barn and ZGallerie. Although its name may not ring a bell, the bank has a long reach — with 33 million active accounts, it estimates that one in 10 employed U.S. adults carries at least one of its cards.



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CLASSROOM COURSES

At London Makeup Institute we hold small interactive classes to ensure that our students gain the very best understanding and knowledge in a short time. Though our classes are intense, the way they have been structured is so our students can embrace the skills and techniques they are being taught. We have a maximum of 6 people per class in order to ensure all our students get the desired attention they require from the tutor as often as they need.

ONLINE COURSES

We completely understand that in order to learn make-up you need to physically be able to interact with your tutor, we also appreciate sometimes it can be impossible for one to take time out of their schedule to make that commitment. We have created an online course that will blow you away. Our courses are LIVE and not pre-recorded, you will have full interaction with your tutor. If your too busy to attend, we will send you the recording and you can watch and learn at your own leisure. You will also receive full support.

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London Make-up Institute welcomes students from all around the world. We have now offer bespoke, tailor made courses for individuals who require a course to cater for whatever they would like to learn. Whether they are already a working make-up artist, and would like to add to their skills, refresh their knowledge or someone who is visiting from a far and would like to cover more in a shorter space of time. We can design a course that is right for you.

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Whether you are already a Make-up artist looking to becoming of professional status or a complete beginner, we have the perfect course for you! With an option of classroom, online or custom designed courses, we can deliver the perfect qualification to our students regardless of their experience, location or stature.

London Makeup Institute is renowned for being an Award Winning Makeup school with professional makeup training centre in London, Dubai and plans to open in Los Angeles later this year. LMI was founded by Celebrity Makeup Artist, Entrepreneur and YouTube Guru – Uzma Yakoob. Working in the fashion industry for nearly two decades, Uzma has worked with the biggest names in media, fashion and as well as celebrities.

LIVE Online Courses

We completely understand that in order to learn make-up you need to physically be able to interact with your tutor, and though we do recommend that a classroom or physical course is one of the best ways of learning make-up, we also appreciate sometimes it can be impossible for one to take time out of their schedule to make that commitment OR they may be located in a different country so it is physically impossible for them. We have created an online course that will blow you away. Our courses are LIVE and not pre-recorded, you will have full interaction with your tutor. If your too busy to attend, we will send you the recording and you can watch and learn at your own leisure. You will also receive full support and classroom time with your TA.

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We completely understand that in order to learn make-up you need to physically be able to interact with your tutor, we also appreciate sometimes it can be impossible for one to take time out of their schedule to make that commitment. We have created an online course that will blow you away. Our courses are LIVE and not pre-recorded, you will have full interaction with your tutor. If your too busy to attend, we will send you the recording and you can watch and learn at your own leisure. You will also receive full support.

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Probably the most important part of your journey, we always start this way so you can gain a great foundation to the way you should be working. You will be learning about Health Safety, Hygiene and other very important information you will need to understand and learn in order to gain your Accreditation.

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The duration of your course will be practical, whether it be in a classroom, one to one or online. However we pump a lot of information your way whilst you will be watching practical presentation. You will be covering a wide range of styles, looks and skills depending on the course you are taking.

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Ask the Expert: Does mortgage insurance make sense? Dec. 19, 2003 #military #loan


#loan insurance
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By Walter Updegrave, CNN/Money contributing columnist

NEW YORK (CNN/Money) – I am being offered mortgage protection insurance. Is it worth the cost?

— James Lawrence, Tampa, Florida

Before I answer your question, let’s be sure we’re both talking about the same type of mortgage insurance. There are actually two kinds, and they provide very different types of coverage.

First, there is the type known as private mortgage insurance, or PMI as it’s known in lending circles.

If you are buying a home and putting up a downpayment of less than 20 percent of the home’s value, then generally you don’t have a choice of whether to buy this type of insurance. The lender requires it.

Why? Because PMI isn’t there to protect you — it’s there to protect the insurer in the event you default on your home loan and the lender isn’t able to re-sell your home for enough money to pay off the mortgage.

The cost of PMI varies, but a rule of thumb is about one half of one percent of the loan amount.

So if you’re buying a house for, say, $150,000 and putting 10 percent down ($15,000), the annual cost of PMI on your $135,000 mortgage might run $675 a year, or $56.25 a month.

In years past, some lenders would continue to collect PMI premiums even after the mortgage balance had fallen to well below 80 percent of the home’s original value. But Congress passed the Homeowners Protection Act of 1998, which allows homeowners to request that the lender cancel PMI when the mortgage loan-to-value ratio falls to 80 percent and requires the lender to cancel it when the ratio falls to 78 percent.

By the way, appreciation in the home’s value isn’t taken into account in calculating this ratio — only the decline in the mortgage balance counts.

There are also some other qualifications that may affect your ability to cancel PMI. For more on what the bill requires of you and the lender, click here.

Mortgage life insurance

The second type of mortgage insurance is the type that usually goes by the name mortgage life insurance.

Here, you’re being offered the chance to buy an insurance policy that will repay your mortgage in the event of your death, disability or some incapacitating disease.

This offer — typically by mail — often comes from your lender or an insurance company affiliated with that lender.

This type of insurance is purely voluntary, however, so the question is, should you buy?

Generally, I’d say the answer is no.

It rarely makes sense to buy insurance for narrow reasons — to insure against a specific disease or a single calamity or to provide funds to pay off a single liability, in this case your mortgage.

In the case of life insurance, for example, you’re much better off analyzing your overall insurance need based on what kind of liabilities your spouse or other dependents would face and how much income they would have to replace if you were gone, and then buying enough insurance to meet that need.

Fact is, if you died tomorrow, your dependents would need to replace your income for a variety of reasons, not just to pay the mortgage.

Indeed, it might not even make sense to pay off the mortgage. Your spouse or other survivors might be better off continuing to pay the loan — assuming that’s possible — and putting insurance proceeds to other purposes.

In other words, you should take your overall financial picture into account when buying life insurance.

And the way you should do that is to have a financial planner or life insurance agent perform what’s known as a “needs analysis.” You can also use any one of a number of insurance needs calculators online, including the calculators at The Life and Health Insurance Foundation for Education site and TIAA-Cref site.

Of course, that leaves the question of what type of insurance you should buy — whole life, term, etc. — and the issue of how to shop for the best price for a policy.

For more on those topics, see a column I wrote last year called “Life insurance made easy .”

The same goes for disability insurance. You should consider a long-term disability insurance policy not just because you have an outstanding mortgage, but because you would likely need to generate income for a variety of reasons even if you were disabled and unable to work. For more on choosing a disability policy, click here.



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    Make an Excel Loan Calculator – Tools and Formulas #emergency #cash #loans


    #student loan calculator
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    Excel Loan Calculator

    By Justin Pritchard. Banking/Loans Expert

    Justin Pritchard helps consumers navigate the world of banking.

    Running numbers is easy with an Excel loan calculator. Microsoft Excel includes built-in tools and formulas so you can get information quickly. The Excel loan calculator shows all the details about your loan, and helps you figure out how to repay it early.

    Creating an Excel Loan Calculator

    Continue Reading Below

    1. In Excel, right-click on the tab of sheets at the bottom ( Sheet1, Sheet2, etc ).
    2. Select Insert
    3. In the popup box, choose the Spreadsheet Solutions tab
    4. Double-click the Loan Amortization option

    You can also use the File menu and click New. Then, look for Templates On my computer. (it might also be in Sample Templates ).

    Using the Excel Loan Calculator

    Plug your loan’s information into the box that says Enter Values . You’ll see basic details in the box titled Loan Summary . More information on each payment appears in an amortization table below.

    What-if Scenarios

    An Excel loan calculator makes it easy to see how things (such as your payment) would change if you change the interest rate. Just change one of the values and the rest of the spreadsheet will update instantly.

    You can also see what happens if you pay more than your minimum payment. By paying a little extra, you’ll save on interest costs and pay the loan off early.

    Using Excel Loan Calculator Data

    Suppose you want to copy, paste, slice, and dice the date from Excel’s loan calculator.



    Registered Nurse Salary – Job Description > Interviews – Career Options #registered #nurse #salary, #registered #nurse #job #description, #how #much #do #registered #nurses #make, #pay, #career #options, #jobs, #career, #advices, #challenges, #opportunities, #goals, #future, #guide, #information, #options, #best #paying #careers, #good #paying #careers


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    Interview with a Registered Nurse

    What do you do for a living?

    I am a Registered Nurse.

    How would you describe what you do?

    I take care of patients who are recovering from a wide range of illnesses or from recent surgery.

    What does your work entail?

    I’m responsible for making sure that the patient’s pain is under control, that they receive their prescribed medicine on time, that their vital signs are stable, that the doctor’s orders are being followed and I act as a liaison between the doctor and the patient’s family.

    What is a typical workweek like for you?

    I work three, twelve-hour shifts and I’m stuck on night shift right now. The night shift is really hard. The money is good but the rest of your family is scared to call during the day because they’re scared that I’ll be sleeping. But you kind of get used to it and then eventually you get to work days. So I work 3-twelve hour shifts that usually end up being about 13 or 14 hours because you have to stay late sometimes to finish charting. It ends up almost being a 40 hour work week.

    How did you get started?

    I actually started by going to college and getting a psychology degree and with that degree I was only able to get a job as a receptionist.

    I knew a psychology degree doesn’t really do anything unless you go for your PhD or Masters so I really wanted to help people but I didn’t feel like I was really getting that opportunity and my sister was in nursing school and loved it so I went too.

    I went to a school that offered a one year accelerated Bachelor’s degree in nursing program.

    It was twelve months because I had already had my Bachelor’s degree. I didn’t have to take all the other classes and so I got a second Bachelor’s.

    It was a crazy year. It was probably the most difficult year of my life but it was worth it.

    What do you like about what you do?

    The best part is seeing patients get better and knowing that I played a small role in that. We get a lot of patients who are in a lot of pain after their surgery which can be pretty stressful trying to get their pain under control. But once they’re comfortable and smiling it does feel really good to know that I helped them out.

    What do you dislike?

    I wish I had a lot more time to spend with my patients. There are some busy nights where I’ll run into a room to see something and my patient wants to tell me a joke or a story about her grandkids and it absolutely breaks my heart to have to interrupt them and leave because the patient in the room down the hall is throwing up and another patient is crying in pain and another patient has to go to the bathroom. So there’s sometimes that there is so much going on that I feel like I can’t give my patients the attention that they desire and that I want to.

    How do you make money or how are you compensated?

    Nurses are all hourly so they’re not a salary. It’s not a salary position unless you’re in management.

    How much money do you make as a registered nurse?

    In Kansas City it seems like most hospitals for new graduate nurses start around $21 or $22 an hour and then every year the salary goes up by a little bit less than a $1 a year. I’ve been a nurse for 5 years and I’m making $26 an hour.

    Hospital nurses tend to make more than other types of nurses. At doctor’s offices they only make like $18 or $19 an hour even if you are a registered nurse. So you definitely get more in the hospital and then hospitals usually pay night shift workers a shift differential which for me is $3 an hour so I get my base pay and then for the night hours I get $3 more an hour and I also get additional pay. If it’s a weekend you get $2 an hour extra.

    How much did you make starting out in this career?

    I started out at $22 an hour maybe but that was in TX.

    What education or skills that are needed to be a Registered Nurse?

    Most hospitals require a registered nurse degree but you can do that two ways. There’s actually a Bachelor’s degree which is called a BSN and some hospitals prefer that and pay more; other hospitals don’t distinguish between a diploma nurse, which is an RN without the Bachelor’s, and the Bachelor’s.

    What is the most challenging about what you do?

    The patient load and the severity of their sickness.

    If I have five patients and I have one patient who demands a lot of time because they’re in a lot of pain or they’re really sick then my other four patients might not get the attention that they deserve. So I’ve learned time management skills are just absolutely critical and even then sometimes I’ll have my whole night figured out and something will come up and throw everything off. So it’s definitely a skill learning to prioritize and juggle my plans for the night I guess. That takes a long time to learn.

    What is the most rewarding for you?

    The patients, just getting to know the patients and their families and seeing them get better.

    What advice would you offer someone that’s considering this career?

    The best advice I could offer would be to contact a hospital in the area and see if there’s any way that you can shadow a nurse for a full shift because I think that a lot of people watch TV shows and see doctors doing all the work and they think that’s the way things actually are and it’s not like that. Nursing is a very, very physical job. It’s a lot of thinking and it’s a lot of work. I love it but I’ve met a lot of people who I think if they would have actually seen what it was really like before they went to school that they might have chosen something different.

    I don’t want to sound discouraging by any means but I think it’s a good idea to actually shadow someone to see what it will be like.

    How much time off do you get or take?

    Well we technically have a 12 hour shift. It’s only three days a week so every week you get four days off and then it seems like hospitals give you a lot of paid time off because you don’t get holidays paid. With most jobs you get paid when you don’t have to work on a holiday but hospitals they’re open every day all day so you sometimes have to work holidays so we do rack up a lot of paid time off and so it just seems like occasionally I’ll be able to take a day or two off which is really nice.

    What is a common misconception that people have about what you do?

    That nurses just give medicine and they don’t do much else.

    What are your goals or dreams for the future?

    I guess to eventually to try different areas of nursing and just see what is all out there because that’s one of the best things about nursing, there are so many different areas that if you get bored with something or something isn’t the right fit you can try a different specialty, or you can go from being a floor nurse to an operating room nurse and it’s almost like a different profession. So you have a lot of options I guess. In the future I would like to try out different things and see what the best fit is for me.

    What else would you like people to know about what you do?

    That’s a good question. To be nice to their nurses! No, I’m kidding. It’s a very rewarding job, you learn a lot, it’s constantly evolving, that people should only go into nursing if it’s their true passion.

    And that if you really do want to help people and you are interest in medicine that it is a very rewarding and exciting career.



    Make a First Aid Kit #first #aid #kits, #first #aid #kit, #first #aid #kit #supplies, #first #aid #kit #contents, #how #to #make #a #first #aid #kit


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    A well-stocked first aid kit is a handy thing to have. To be prepared for emergencies:
  • Keep a first aid kit in your home and in your car.
  • Carry a first aid kit with you or know where you can find one.
  • Find out the location of first aid kits where you work.

    First aid kits come in many shapes and sizes. You can purchase one from the Red Cross Store or your local American Red Cross chapter. Your local drug store may sell them. You can also make your own. Some kits are designed for specific activities, such as hiking, camping or boating.

    Whether you buy a first aid kit or put one together, make sure it has all the items you may need:
  • Include any personal items such as medications and emergency phone numbers or other items your health-care provider may suggest.
  • Check the kit regularly.
  • Check expiration dates and replace any used or out-of-date contents.
    The Red Cross recommends that all first aid kits for a family of four include the following:
  • 2 absorbent compress dressings (5 x 9 inches)
  • 25 adhesive bandages (assorted sizes)
  • 1 adhesive cloth tape (10 yards x 1 inch)
  • 5 antibiotic ointment packets (approximately 1 gram)
  • 5 antiseptic wipe packets
  • 2 packets of aspirin (81 mg each)
  • 1 blanket (space blanket) [Available on the Red Cross Store]
  • 1 breathing barrier (with one-way valve)
  • 1 instant cold compress
  • 2 pair of nonlatex gloves (size: large)
  • 2 hydrocortisone ointment packets (approximately 1 gram each)
  • Scissors
  • 1 roller bandage (3 inches wide)
  • 1 roller bandage (4 inches wide)
  • 5 sterile gauze pads (3 x 3 inches) [Available on the Red Cross Store]
  • 5 sterile gauze pads (4 x 4 inches)
  • Oral thermometer (non-mercury/nonglass)
  • 2 triangular bandages
  • Tweezers
  • First aid instruction booklet [Available on the Red Cross Store]

    Be ready.

    Shop the Red Cross store for emergency kits, radios, and more.

    Your Location



  • Where to Make Student Loan Payments #bridge #loans


    #student loans payment
    #

    Where to Make Payments

    In some provinces and territories, loans are issued separately by the federal and provincial/territorial governments. That means that you could have more than 1 loan to pay back.

    If your loans were issued to you by British Columbia, Ontario, New Brunswick, Newfoundland and Labrador, or Saskatchewan

    Full-time students: You were given an “integrated” loan. In other words the money came from both the Government of Canada and your province. You will need to repay your loan through the National Student Loans Service Centre. You can see the status of your loan, update your contact information, change your monthly payment amount and apply for the Repayment Assistance Plan by registering for the NSLSC s On-line Services .

    If you received loans before August 2000, you may also have Canada Student Loans or provincial loans at a bank. See Special Circumstances .

    If your loans were issued to you by Alberta, Manitoba, Nova Scotia or Prince Edward Island

    Full-time students: You ll be making payments on 2 loans: a federal student loan and a provincial student loan. That means you ll have to stay in touch with at least 2 loan providers.

    • The federal student loan is managed through the NSLSC. This is where you will send your payments.
    • The provincial loan will be repaid through your province or 1 of the provincial loan service providers. Visit the Web site of your provincial student assistance office to discover the process or where to get help.

    If you received loans before August 2000, you may also have Canada Student Loans or provincial loans at a bank. See Special Circumstances .

    If your loans were issued to you by Quebec, Nunavut or Northwest Territories

    You repay your loan through the student assistance office of your province or territory of residence. Your province or territory doesn t participate in the federal Canada Student Loans Program and as such operates its own student assistance plan which is partly funded by the federal government.

    If your loans were issued to you by Yukon

    Full-time students: You received a Canada Student Loan. Yukon doesn t offer a territorial student loan program. You ll manage and repay your loan through the NSLSC .

    If you received part-time student loans

    You applied for and will be repaying a part-time Canada Student Loan. You ll manage and repay your loan through the NSLSC.

    Special circumstances

    You must contact the loan holders and arrange to repay the loans directly to the financial institutions that issued them if you received:

    • a Canada Student Loan before August 1, 2000;
    • an Alberta Student Loan before August 1, 2000;
    • a British Columbia Student Loan before August 1, 2000;
    • a Manitoba Student Loan before August 1, 2000;
    • a New Brunswick Student Loan before August 1, 2000;
    • a Newfoundland and Labrador Student Loan before August 1, 2000;
    • a Nova Scotia Student Loan before August 1, 2000;
    • an Ontario Student Loan before August 1, 2001;
    • a Prince Edward Island Student Loan before August 1, 2000;
    • a Saskatchewan Student Loan before August 1, 2001; or
    • a Yukon Student Loan before August 1, 2000.

    Date modified: 2013-07-23



    Consolidate loans from multiple lenders to make one affordable monthly payment. #direct #loan #consolidation


    #consolidate loans
    #

    Loan Consolidation

    About Federal Student Loans

    If you make more than one monthly student loan payment, you may find life easier with one affordable payment. A Direct Consolidation Loan brings all of your federal student loans together with a fixed interest rate. The rate is determined as an average of the loan rates that are being consolidated (rounded up to the nearest one-eighth percent).

    Consolidation gives you up to 30 years to repay your loan, depending on your loan balance. Though increasing the repayment period also increases the total amount of interest you will pay over time, you can always pay more than the minimum due with no penalty.

    Most federal student loans, including subsidized and unsubsidized Direct and Family Federal Education Loan Program (FFELP) Stafford and PLUS loans, are eligible for consolidation. Private education loans are unfortunately not eligible to be consolidated.

    If you have any questions about consolidation or need assistance, please call us at 866.426.6765.

    How to Apply

    Apply online for a Direct Consolidation Loan here. You will need your PIN, which you can get at pin.ed.gov. You can choose your servicer and your application will be forwarded to your new servicer for processing. The consolidation process will take approximately 30 days after your application is received.

    Once your Direct Consolidation Loan is completed, the servicer you have chosen will provide your customer service—answer your questions, discuss your repayment options, and process your payments.

    Adding Loans to Your Direct Consolidation Loan

    After your new Direct Consolidation Loan is complete, you still have the opportunity to add additional eligible loans. If you would like to add other eligible loans, your servicer must receive your Request to Add Loans Form within 180 days from the date your Direct Consolidation Loan is completed (originated). Please note that if you have more than six loans to add to your consolidation loan, you will need to submit more than one Request to Add Loans Form.

    If your Direct Consolidation Loan is serviced by Nelnet, you may request to add other eligible loans to it by completing this form and mailing it to:



    Car buyers borrow most ever, make record payments #loans #payday


    #car loan payment
    #

    Car buyers borrow most ever, make record payments

    Ross D. Franklin, AP

    Mike Johnson, a sales manager at a Honda dealership in Tempe, Ariz. opens the more

    Long car loans can be lots of trouble

    Americans’ average new-car loan payment hit a record $482 the fourth quarter, and car buyers were paying an average 4.56% for loans, according to researcher Experian Automotive.

    What’s more, the Experian report shows that the amount borrowed to buy a new car in the fourth quarter hit a record $28,381, up more than $950 from a year ago and a $582 increase from the previous quarter.

    Edmunds.com auto researchers show the average transaction price for a new vehicle in the fourth quarter was $33,352.

    That means buyers were making down payments averaging about 15%.

    Other research says the average transaction price then was around $32,000, suggesting that buyers made down payments of 10% – 12%.

    For used vehicles, the average loan amount increased $437 from last year, to $18,411.

    Experian says the average length of a new-car loan in the fourth quarter rose to an average 66 months, and a used car loan hit 62 months.

    “In most parts of the country, vehicles are viewed as a necessity to everyday life, which is why we continue to see consumers willing to take out larger loans as the average price of vehicles continues to rise,” said Melinda Zabritski, Experian’s senior director of automotive finance.

    The new-car loan data hits home with most car buyers, because 84% of new vehicle purchases were made with financing. Used, 55.2%.

    The Experian findings track data from others.

    For instance, Edmunds.com, a car research and shopping site, reported recently that the average price of new car in 2014 was $32,386 The average new-car loan was a record 67.2 months, Edmunds.com said, and the average loan interest rate was 4.5%.



    Online Course: ABCs of English Grammar – CEU Certificate #online #college #english #courses, #online #course #class #video #tutorial #hd #training #certification #continuing #education #accredited #ceu #certificate #grammar #basics #review #prep #punctuation #learning #distance #e-learning #high #school #students #college #secretaries #writers #editors #proofing #test #preparation #homeschoolers #teachers #essay #writing #english #exams #skills #grammatical #errors #subject #verb #agreement #sentence #mechanics #structure #adverbs #adjectives #fragments #prepositions #parallel #structures #modifiers #misspelled #words #run-on #sentences #pronouns #pronoun #cases #noun #logic #tutoring #verbs #diagramming #101 #diction #capitalization #expert #instruction #make #money #teaching #guide #help #tutor #knowledge


    #

    ABCs of English Grammar

    Course Description

    This self-paced online course will provide you with a review of the grammar and writing skills necessary when taking any high school or college test, or with your everyday work-related writing and correspondence.

    Divided up into 15 easy-to-understand lessons, this grammar course concentrates on usage, the mechanics of a sentence, spelling, and a general review of grammatical problem areas. Each lesson focuses on frequent errors, gives examples, suggests strategies, and offers further study guides.

    This course is ideal for all types of students who want to get an edge on taking a high school, college, or a job related English exam and anyone wishing to update and improve their grammar skills.

    If you’re looking for a quick and efficient review of basic grammar skills, ABCs of English Grammar will meet your needs. This online class is not only for students prepping for high school and college English exams, but anyone who feels their grammar skills are not up to par. Divided into easy-to-understand lessons, this grammar course concentrates on usage, the mechanics of a sentence, spelling, and a general review of grammatical problem areas. Each lesson focuses on frequent errors, gives examples, suggests strategies, and offers further study guides.

    Learning Outcomes

    By successfully completing this course, students will be able to:

    • Recognize the subject and predicate of any sentence.
    • Know the differences between nouns and pronouns.
    • Be comfortable with forming sentences with the correct verb tenses.
    • Recognize irregular verbs.
    • Differentiate between adjectives and adverbs and use them properly in sentences.
    • Understand what is meant by a Phrase.
    • Identify the Clause.
    • Break down the mechanics of a sentence.
    • Identify the role of modifiers and use them correctly.
    • Correctly use capitalization in writing.
    • Correctly punctuate sentences.
    • Avoid common spelling problems, and
    • Demonstrate mastery of lesson content at levels of 70% or higher.

    Student Testimonials

    • “I enjoyed this class and learned alot from it. Good Class! The instructor was great very prompt to answer emails. Will be taking another subject with UniversalClass very soon.” — Rita R.
    • “Instructor was very helpful.” — Lisa M.
    • “This instructor is very smart and helped me get through a very difficult class.” — Lisa G.
    • “My instructor was very helpful and patient. She always got back to me right away!” — Karin P.
    • “The instructor was very good, took time to help me and worked with me very well. The course was organized very well. Lessons were easy to understand and the assignments and exams followed what was in the lesson.” — Marlis W.
    • “I enjoyed all of the course from U.C.” — Loredana G.
    • “Great instructor. She answered my questions and was always available and prompt. Very knowledgeable. Nice job!” — Karen B.
    • View More Testimonials.

    Related Courses



    How to Make a Payment #loan #for #people #with #bad #credit


    #student loan payments
    #

    How to Make a Payment

    Making payments on your student loan with Nelnet is easy! With options to pay anytime, anywhere, you can manage your account your way. We offer a variety of payment options, including automatic debits (ACH), to let you choose a method that’s convenient for you. If you wish, we can send you text alerts to confirm or remind you to make your payments! See details below.

    Your Accounts, Loan Groups, and Due Dates

    You may have more than one student loan account with Nelnet (account numbers start with D, J, or E). Within each account, your individual loans are grouped according to the characteristics they have in common. For example, loans of the same type and interest rate will be in a group together.

    We send you a monthly statement for each account about three weeks before a payment is due. Your monthly statement and online account at Nelnet.com will show your amount due and due date for that account. If you have multiple accounts, it’s possible you may have different due dates. If you make your monthly payment online, you’re able to make a single payment for all of your accounts. If you wish to mail a payment, you must send it to the address on your statement. Feel free to call us anytime to request that we align the due dates on all of your loans to a date between the 1st and 28th of each month.

    Ways to Pay



    Types of Website Hosting – Understanding Hosting Options for Your Website #website #hosting, #free #web #hosting, #free #web #page, #virtual #private #server, #virtual #private #servers, #web #hosting, #free #website, #free #webspace, #web #server, #make #website, #create #website, #dedicated #hosting, #make #websites, #dedicated #host


    #

    Reliable, Free Web Hosting


    Types of Website Hosting

    If you’re interested in creating an online presence for yourself or your business, the best way to do it is to build a website. Websites are, most basically, collections of files, so each one requires a place to store its files and a way to make those files accessible to other people connected to the internet. A web server, through web hosting, performs these critical functions. While every site needs hosting, there are a number of different ways that website hosting can be done. Which type of hosting will work best for your site depends on its size and complexity, as well as the resources and technical expertise at your disposal. To help you figure out the best hosting match for you, we’ll take you through some of the most popular website hosting options below.

    Shared Website Hosting

    Shared hosting, also called virtual hosting, is the hosting of multiple websites on the same web server. With shared hosting, a web hosting company provides the user storage space and makes the website’s files accessible to others via the internet. The web host also maintains the server and provides technical support for it. For those who are not technically inclined or who do not have access to their own technical support staff, having a web host to manage these matters can make shared hosting can make a great fit.

    Perhaps the greatest advantage of shared hosting is that its efficient use of resources means that it costs much less than most other types of website hosting. Shared web hosting also means that users can benefit from the expertise of the web hosting company providing the servers; a web hosting company like Freeservers that specializes in shared hosting has the experience and resources to provide exceptional reliability and technical support for your site. The specialized resources of a shared hosting company are well positioned to keep your site running properly and serving quickly at all times.

    While shared hosting is an appropriate choice for many users, it’s not right for everyone. Those with extensive technical know-how who want complete control over their servers and websites are better served by another hosting option. Additionally, if your site is large and extremely active, you may need more server resources than shared hosting provides.

    Dedicated Website Hosting

    With dedicated web hosting, there is a web server devoted entirely to your site. You may purchase your own server or pay for access to a server owned by someone else. If you own your own server and have it stored in someone else’s facility, you are using what is known as colocation hosting. In any type of dedicated hosting, because the server is exclusively dedicated to your site, you will have full control over its use and administration. This allows you to manage all aspects of your site. If your intent is to create a large site for a company with plenty of technical and financial resources, dedicated hosting might be right for you. If your site will demand a lot of server space and bandwidth, too, you may need a dedicated server to host it.

    For individuals and small or midsized companies, however, there are a number of aspects of dedicated hosting that make it a less desirable option. Setting up or leasing and maintaining your own web server requires a great deal of technical expertise as well as a significant financial investment. Because the web server you use will determine whether your site is reliably online and available to visitors, you need to be certain that your server is stable, reliable, well maintained, and able to handle heavy visitor traffic; maintaining this level of performance is not always easy.

    Virtual Private Server Website Hosting

    This type of hosting is something of a cross between dedicated hosting and shared hosting. Virtual private server hosting involves a dedicated server being shared by multiple users. The users share the resources of the server, but the server space is strictly divided into allocated percentages so that each user’s percentage of the server is dedicated only to that user’s website. This hosting arrangement gives a user some of the control of a dedicated server without the large-scale investment in a server that may have more space than necessary. Virtual private server hosting does provide limited resources, however, and even if your site experiences a temporary traffic spike or another unusual demand, there will not be extra resources flexibly available to meet the need. The somewhat complicated arrangements of virtual private server hosting can also be a drawback to this hosting option, as service providers can create confusing service agreements that include unexpected limitations for their users.

    Shared Website Hosting with Freeservers

    Now that you’ve learned about your hosting options, perhaps you’ve decided that shared hosting is right for your website. When you’re ready to create your shared hosting account, start by comparing the web hosting packages Freeservers offers. We provide a variety of packages, from free web hosting to feature-rich business hosting packages, so you’re sure to find one that fits your needs. With Freeservers, you’ll receive top-notch hosting services and loads of useful features, all with the exceptional reliability, stability, and customer support that you need to make your website a success.



    Contact the Hunter Holmes McGuire VA Medical Center – Richmond, VA – Hunter Holmes McGuire VA Medical Center – Richmond, VA #phone, #directory, #list, #contact, #telephone, #fax, #make, #schedule, #change, #cancel, #appointments, #veterans, #health, #administration, #va, #vamc, #medical #center, #healthcare, #health #care, #hospital


    #

    Hunter Holmes McGuire VA Medical Center – Richmond, VA

    Contact the Hunter Holmes McGuire VA Medical Center – Richmond, VA

    Hunter Holmes McGuire VA Medical Center – Richmond, VA offers a variety of health services to meet the needs of our nation’s Veterans. For additional contact information you may also view our phone directory or A to Z List of Services .

    Telephone Care

    Please contact our telephone care line if you need medical advice, have a question about your medication, or need to schedule a non-urgent appointment. Your location determines which number to use.

    • Within Richmond metro area: 804-675-5000
    • Outside of the Richmond calling area:
      Toll-free 1-800-784-8381

    Schedule an Appointment

    To schedule an appointment, please contact us at any of the numbers listed on our appointments page. or visit My Healthe Vet .

    Former Prisoners of War

    Our Former Prisoners of War Advocate can provide special assistance to former POWs. Contact Valerie Norris at 804-675-3504.

    Patient Representative

    If you have a compliment, complaint, or other issue which you believe requires resolution, please contact one of our patient representatives. Their contact information is available on our customer service page .

    Transition Assistance for Returning Soldiers – OEF/OIF/OND

    Richmond VAMC provides specialized assistance and a seamless transition for veterans who have served in Operation Enduring or Iraqi Freedom (OEF/OIF) and their families through the adjustment process of pre-and post-deployment.

    News Media

    Members of the news media should contact our Communications Office at (804) 675-5242.



    How much money does personal injury lawyer make #how #much #do #personal #injury #lawyers #make


    #

    How much money does personal injury lawyer make?

    Answer Intellectual property is a general term for 5 basic areas of law, trademarks, copyrights, trade secrets, patents and licensing. A first year litigator can expect to make $80,000 to $150,000 depending upon the firm or corporation where they are employed. Intellectual attorneys handle domestic and international cases including issues connected with the Internet.

    4 people found this useful

    Average salery is $50,000-$100,00.With bonuses and profit sharing.It all depends on their rates they charge,what kind firm they are in.

    10 people found this useful

    According the the American Bar Association there are over 76,000 personal injury lawyers in the US comprised mostly of law firms with 50 or less lawyers. There are also multiple directories that list in excess of 50,000 personal injury law firms and lawyers.

    4 people found this useful

    I practice law for an expensive law firm in D.C. I make about 200k to 300k per year. But my wife is a lawyer for the federal government and gets paid around 410k per year. I recomend that type of lawyer because she makes alot and gets to carry a gun and arrest people.

    Most mesothelioma lawyers work on a contingent fee basis. The client does not have to pay anything up front to hire the lawyer or prosecute the case, but agrees to share a percentage of any settlement or trial verdict with the lawyer. Typical contingency fees range from 30 to 40%. If you asking how much a mesothelioma lawyer makes in terms of his or her salary, that is difficult to estimate. You might be shocked to learn that most new lawyers, right out law school, earn a yearly salary that is much lower than their law school loan debt. But there are also mesothelioma lawyers who have been practicing for many years and have won tens or hundreds of millions of dollars for their clients. As you would expect, their success has earned them a nice living.



    Where to Make Student Loan Payments #loan #no #credit #check


    #student loans payment
    #

    Where to Make Payments

    In some provinces and territories, loans are issued separately by the federal and provincial/territorial governments. That means that you could have more than 1 loan to pay back.

    If your loans were issued to you by British Columbia, Ontario, New Brunswick, Newfoundland and Labrador, or Saskatchewan

    Full-time students: You were given an “integrated” loan. In other words the money came from both the Government of Canada and your province. You will need to repay your loan through the National Student Loans Service Centre. You can see the status of your loan, update your contact information, change your monthly payment amount and apply for the Repayment Assistance Plan by registering for the NSLSC s On-line Services .

    If you received loans before August 2000, you may also have Canada Student Loans or provincial loans at a bank. See Special Circumstances .

    If your loans were issued to you by Alberta, Manitoba, Nova Scotia or Prince Edward Island

    Full-time students: You ll be making payments on 2 loans: a federal student loan and a provincial student loan. That means you ll have to stay in touch with at least 2 loan providers.

    • The federal student loan is managed through the NSLSC. This is where you will send your payments.
    • The provincial loan will be repaid through your province or 1 of the provincial loan service providers. Visit the Web site of your provincial student assistance office to discover the process or where to get help.

    If you received loans before August 2000, you may also have Canada Student Loans or provincial loans at a bank. See Special Circumstances .

    If your loans were issued to you by Quebec, Nunavut or Northwest Territories

    You repay your loan through the student assistance office of your province or territory of residence. Your province or territory doesn t participate in the federal Canada Student Loans Program and as such operates its own student assistance plan which is partly funded by the federal government.

    If your loans were issued to you by Yukon

    Full-time students: You received a Canada Student Loan. Yukon doesn t offer a territorial student loan program. You ll manage and repay your loan through the NSLSC .

    If you received part-time student loans

    You applied for and will be repaying a part-time Canada Student Loan. You ll manage and repay your loan through the NSLSC.

    Special circumstances

    You must contact the loan holders and arrange to repay the loans directly to the financial institutions that issued them if you received:

    • a Canada Student Loan before August 1, 2000;
    • an Alberta Student Loan before August 1, 2000;
    • a British Columbia Student Loan before August 1, 2000;
    • a Manitoba Student Loan before August 1, 2000;
    • a New Brunswick Student Loan before August 1, 2000;
    • a Newfoundland and Labrador Student Loan before August 1, 2000;
    • a Nova Scotia Student Loan before August 1, 2000;
    • an Ontario Student Loan before August 1, 2001;
    • a Prince Edward Island Student Loan before August 1, 2000;
    • a Saskatchewan Student Loan before August 1, 2001; or
    • a Yukon Student Loan before August 1, 2000.

    Date modified: 2013-07-23



    Where to Make Student Loan Payments #help #with #student #loan #debt


    #student loans payment
    #

    Where to Make Payments

    In some provinces and territories, loans are issued separately by the federal and provincial/territorial governments. That means that you could have more than 1 loan to pay back.

    If your loans were issued to you by British Columbia, Ontario, New Brunswick, Newfoundland and Labrador, or Saskatchewan

    Full-time students: You were given an “integrated” loan. In other words the money came from both the Government of Canada and your province. You will need to repay your loan through the National Student Loans Service Centre. You can see the status of your loan, update your contact information, change your monthly payment amount and apply for the Repayment Assistance Plan by registering for the NSLSC s On-line Services .

    If you received loans before August 2000, you may also have Canada Student Loans or provincial loans at a bank. See Special Circumstances .

    If your loans were issued to you by Alberta, Manitoba, Nova Scotia or Prince Edward Island

    Full-time students: You ll be making payments on 2 loans: a federal student loan and a provincial student loan. That means you ll have to stay in touch with at least 2 loan providers.

    • The federal student loan is managed through the NSLSC. This is where you will send your payments.
    • The provincial loan will be repaid through your province or 1 of the provincial loan service providers. Visit the Web site of your provincial student assistance office to discover the process or where to get help.

    If you received loans before August 2000, you may also have Canada Student Loans or provincial loans at a bank. See Special Circumstances .

    If your loans were issued to you by Quebec, Nunavut or Northwest Territories

    You repay your loan through the student assistance office of your province or territory of residence. Your province or territory doesn t participate in the federal Canada Student Loans Program and as such operates its own student assistance plan which is partly funded by the federal government.

    If your loans were issued to you by Yukon

    Full-time students: You received a Canada Student Loan. Yukon doesn t offer a territorial student loan program. You ll manage and repay your loan through the NSLSC .

    If you received part-time student loans

    You applied for and will be repaying a part-time Canada Student Loan. You ll manage and repay your loan through the NSLSC.

    Special circumstances

    You must contact the loan holders and arrange to repay the loans directly to the financial institutions that issued them if you received:

    • a Canada Student Loan before August 1, 2000;
    • an Alberta Student Loan before August 1, 2000;
    • a British Columbia Student Loan before August 1, 2000;
    • a Manitoba Student Loan before August 1, 2000;
    • a New Brunswick Student Loan before August 1, 2000;
    • a Newfoundland and Labrador Student Loan before August 1, 2000;
    • a Nova Scotia Student Loan before August 1, 2000;
    • an Ontario Student Loan before August 1, 2001;
    • a Prince Edward Island Student Loan before August 1, 2000;
    • a Saskatchewan Student Loan before August 1, 2001; or
    • a Yukon Student Loan before August 1, 2000.

    Date modified: 2013-07-23



    Consolidate loans from multiple lenders to make one affordable monthly payment. #loan #calculator #australia


    #consolidate loans
    #

    Loan Consolidation

    About Federal Student Loans

    If you make more than one monthly student loan payment, you may find life easier with one affordable payment. A Direct Consolidation Loan brings all of your federal student loans together with a fixed interest rate. The rate is determined as an average of the loan rates that are being consolidated (rounded up to the nearest one-eighth percent).

    Consolidation gives you up to 30 years to repay your loan, depending on your loan balance. Though increasing the repayment period also increases the total amount of interest you will pay over time, you can always pay more than the minimum due with no penalty.

    Most federal student loans, including subsidized and unsubsidized Direct and Family Federal Education Loan Program (FFELP) Stafford and PLUS loans, are eligible for consolidation. Private education loans are unfortunately not eligible to be consolidated.

    If you have any questions about consolidation or need assistance, please call us at 866.426.6765.

    How to Apply

    Apply online for a Direct Consolidation Loan here. You will need your PIN, which you can get at pin.ed.gov. You can choose your servicer and your application will be forwarded to your new servicer for processing. The consolidation process will take approximately 30 days after your application is received.

    Once your Direct Consolidation Loan is completed, the servicer you have chosen will provide your customer service—answer your questions, discuss your repayment options, and process your payments.

    Adding Loans to Your Direct Consolidation Loan

    After your new Direct Consolidation Loan is complete, you still have the opportunity to add additional eligible loans. If you would like to add other eligible loans, your servicer must receive your Request to Add Loans Form within 180 days from the date your Direct Consolidation Loan is completed (originated). Please note that if you have more than six loans to add to your consolidation loan, you will need to submit more than one Request to Add Loans Form.

    If your Direct Consolidation Loan is serviced by Nelnet, you may request to add other eligible loans to it by completing this form and mailing it to:



    A capital idea: Small Business Administration programs help make loans possible. #school #loans


    #loans for small business
    #

    A capital idea: Small Business Administration programs help make loans possible.

    Last Modified: Sunday, November 15, 2015 at 11:08 p.m.

    Nikunj Shah purchased his first motel in August, a deal that may not have been possible without a popular federal loan program.

    Shah paid $2.4 million for the 47-unit Super 8 motel in Bradenton, financed with a $2.19 million loan from Sarasota’s Insignia Bank through the U.S. Small Business Administration.

    The SBA-guaranteed loan came with a lower down payment and a longer term. It also was approved for a first-time buyer that conventional commercial lenders often reject.

    “With the SBA loan, you can get a loan approved with a 15 to 20 percent down payment, compared with a commercial loan with a bank you might have to put down 25 to 35 percent,” Shah said. “Commercial banks will only amortize for 10 or 15 years, where the SBA will amortize for 20 to 25 years, so the mortgage payment is much less.”

    The SBA also works with first-time buyers although, like Shah, it helps to have a previous track record of business experience.

    Insignia Bank CEO Charlie Brown has been making small-business loans through the SBA for decades, and his bank was the top dollar producer for loans with the SBA among lenders headquartered in Southwest Florida.

    It issued $4.5 million in SBA loans in the recently completed fiscal year, ranking the community bank in the top 35 percent of all Florida banks for SBA lending.

    “We continue to see opportunities in the market for SBA loans, said Brown, the bank’s chairman and chief executive. “Where other banks have become concentrated with certain types of real estate loans and are pulling back, Insignia, with the use of the SBA program and its strong capital, continues to lend.”

    Brown learned SBA lending at his former job at Charlotte State Bank & Trust in Port Charlotte, which one year ranked No. 2 in Florida in SBA loans.

    “We can lend more than we normally would because of the SBA guarantee,” Brown said. “We try to use it only for when collateral may be a little tighter. The rest of the transaction still has to make sense from a cash flow, character and condition in industry standpoint.”

    Lenders issued $111.1 million in SBA loans in Sarasota, Manatee and Charlotte counties in fiscal year 2015, up 18 percent from the $94.2 million the previous year.

    The number of loans to new and existing businesses in the region in the fiscal year ended Sept. 30 increased by 36 to a total of 180, according to SBA data for the 12-month period ended Sept. 30.

    The importance of SBA loans

    SBA lending programs encourage bankers to approve more small-business loans by allowing the government to shoulder some of the default risk. Owners of small businesses like the loans because they carry longer terms and lower interest rates than most other loan sources. Borrowers also are able to qualify for SBA loans if they don’t have enough collateral to qualify under a lender’s usual terms.

    Plus, other sources of loans often are unavailable.

    Many banks tightened the reins on commercial lending after being battered by soured business loans during the real estate downturn. Speculative loans to developers played a key role in the demise in a number of community banks in Southwest Florida and across the state.

    The SBA’s 24-county South Florida district, which includes Sarasota, Manatee and Charlotte, set a record for lending in the recent year, with 2,417 loans.

    “We did nearly $1.2 billion in loan guarantees for small businesses last year,” said Althea Harris, spokeswoman for the district. “That’s better than our best year, fiscal 2007, before the recession when we did just under $900 million in loan guarantees.”

    Nationwide, lending in the SBA’s flagship 7(a) program also broke records, with 63,000 loans totaling $23.6 billion for the year. That was an increase of 22 percent in number of loans and 23 percent in total dollar volume.

    Conventional loans a challenge

    “This level of program activity demonstrates that access to capital through conventional sources remains a challenge for small businesses,” the SBA said.

    In Sarasota County, the SBA reported 89 loans for $57.4 million. Last year SBA lenders completed 69 loans for $39.7 million.

    Manatee produced 64 loans totaling $38.2 million, compared with 58 loans totaling $38.0 million in fiscal 2014.

    Charlotte posted a small decline in dollar volume, with 27 loans for $15.5 million, compared with 17 loans for $16.5 million.

    In the South Florida region, the area south of Orlando, the number of loans in the 504 program which provides finances for major fixed assets like equipment or real estate was down by nearly 7 percent. But loans in the 7a program the most popular one, which finances everything from startup businesses to long-term working capital jumped 55 percent over the year.

    7a program loans grow

    Harris said 504 lending in the district has trended lower because of the competition that certified development companies, known as CDCs, are getting from the traditional 7a lenders, “who are encroaching on the real estate transactions that traditionally have been left for the CDCs.” In contrast, lending in the 7a program continues to grow. CDCs are nonprofit corporations, certified and regulated by the SBA, that work with participating lenders to provide financing to small businesses.

    Shah, the motel buyer, said the SBA loan process does taken longer than direct financing through a bank. His loan took about three months to complete, but he credits Insignia and the SBA for getting it done.

    He says he would probably not be a motel owner today without the program.

    “Anyone buying a business for the first time, the best way is the SBA route,” he said.



    When Can I Refinance My Car? Does it Make Sense? #student #loan #repayment


    #car loan refinance
    #

    When Can I Refinance my Car?

    By Justin Pritchard. Banking/Loans Expert

    Justin Pritchard helps consumers navigate the world of banking.

    Question: I just bought a car but I don’t think I got a good deal. When can I refinance my car loan? Do I have to wait?

    Answer: the short answer is no, you do not have to wait to refinance your car. If you can find a better lender who is willing to pay off the old loan and take you on as a customer, then go for it.

    Sometimes people are tempted to refinance into a longer-term loan because they ll have lower monthly payments. However, those lower payments can end up costing you in two different ways:

    First, you might end up paying more for your car if you switch to a longer-term loan because you ll pay more in interest. To find out if that s the case, run a quick calculation on your existing loan versus the new loan. Our loan amortization calculator will show you how much you pay in interest with each payment, and you can add up all of the interest costs to see what you ll pay over the life of the loan.

    Having an upside down auto loan is another risk of moving into a longer-term loan. When a loan is upside down it means that you owe more than your car is worth. This happens when you use longer term loans (because the car loses value faster than you pay down the debt). If you want to sell the car later, you might have to write a check to your lender to get out of the loan.

    When Should You Refinance a Car Loan?

    All that said, there are plenty of good reasons to refinance auto loans. If your credit has improved. you might be able to get a better loan once you have higher credit scores .

    Continue Reading Below

    Depending on what is happening in your credit reports. you might see dramatic changes in your scores over a short period of time (if you ve been cleaning up errors in your credit reports, for example).

    Another reason to refinance might just be that you ve found a better deal. When you re buying a car. you ve got a lot on your mind, and you may just want to get the deal done. It might be fastest (and it might even mean a lower purchase price) if you finance at the dealership. However, it s not uncommon to find better offers at your local bank or credit union. and it may make sense to take advantage of those offers.

    Is there a Best Time?

    In some cases, it might make sense to refinance as soon as possible after purchasing an automobile. Loans for new vehicles have better rates than loans for used vehicles. The sooner you do it, the more likely you are to get a loan for new cars.

    If you go this route, be sure to stay involved with the process. Stay in touch with both lenders to make sure that paperwork is being processed quickly and efficiently. You don t want to miss your first payment on your new car .



    Personal Loans Can Make a Difference with Loans up to 1500$ #loan.com


    #personal loans online
    #

    Personal-Loan.com Makes It Easy To Get A Personal Loan

    Follow 2 Easy Steps to Get Your Loan Fast

    We’ve made it simple for you to get a personal loan. All you need is a job (for 6 months) making at least $1,000 a month. In less than 3 minutes, you find out if you’re approved for the cash you need.

    Step #1 – Complete our fast app.

    Here’s all you have to tell us:

    * How much money you want to borrow

    * Your name, address, phone number and email.

    * Your age (you must be at least 18)

    Step #2 – Compare your loan offers.

    After you submit your information, it takes only a few minutes to receive your loan offer. Most of the time you’ll get multiple offers and you can choose the one that suits you best.

    That’s it. You’re Done!

    Now all you have to do is wait for your cash. It usually takes less than ONE business day**.

    No that was easy, wasn’t it?

    But…I Have Bad Credit

    Okay, I know what some of you are thinking.

    “I’d love to fill out the application, but I have been turned down over and over by traditional lenders because I have bad credit.”

    We get that. If you had perfect credit and could walk into any bank and get a loan, you probably wouldn’t be here. So your credit is a probably a little or a lot dinged. Don’t worry. Most of our lenders don’t even look at your credit report.

    Your job is what they care about and base the loan on. If you have a job and get a consistent paycheck, odds are, you’ll get the loan.

    That means no hassles, no embarrassment about your credit report, and no face-to-face rejections.

    All you have to think about is choosing the best loan offer.

    Still Not Convinced This Is Better Than the Bank?

    Our online process enables you to avoid a lot of tedious paperwork (like the bank asks for). You won’t waste your time driving around town enduring awkward face-to-face meetings with lenders who don’t really want to lend to you anyway.

    Banks usually only lend to people who don’t really need the money. I know it sounds crazy, but it’s absolutely true. Banks don’t like to take risks so they base everything on your credit score. Which is sometimes  very misleading.

    Our lenders look at the fact you have a job, work hard and earn a paycheck.

    Use the Money Any Way You Want

    Plus, you can use our personal loans for whatever you want. It’s not tied to a specific item, like a car or a home. You can use it for financial emergencies (like keeping your power and water on) or unexpected medical bills. You can even go on a vacation (when’s the last time you did that) or you can use it to avoid a bounced check or overdraft fee.

    It’s your money and your decision.

    Go here to get the cash you need by filling out our fast and easy online application.

    Still Have Questions About Loans and Credit?

    No problem. Read through our handy guide What You Always Wanted to Know About Borrowing Money, but Were Afraid to Ask.

    In no time, you’ll know more about credit and loans than 99% of Americans.

    Here’s some of the stuff you’ll learn:

    What’s a Credit Score?

    What’s a Bad Credit Score?

    What Causes My Credit Score to Drop?

    How Do I Fix My Credit?

    How Do I Keep My Credit in Tip-Top Shape?

    How Can I Get the Cash I Need If I Have Fair to Bad Credit?

    What’s the Difference Between a Secured and Unsecured Loan?

    Well also explain all the different types of personal and bad credit loans available.

    You’ll learn about secured and unsecured personal loans, bad credit auto loans, payday loans and cash advances. Plus, we’ll tell you how to pick the best loans and avoid out the bad ones.

    We’ll also talk about all the technical stuff, like loan limits, APR, fees and terms.

    In no time at all, you’ll be an expert on borrowing and credit reports. You’ll be able to get better and better rates and terms each time you borrow. Just make sure you practice everything you learn.



    Stated income loans make comeback as mortgage lenders seek clients #boat #loan #rates


    #stated income loans
    #

    Stated income loans make comeback as mortgage lenders seek clients

    By Michelle Conlin and Peter Rudegeair

    n”>(Reuters) – Mortgage applicants who can’t provide tax returns or pay stubs to show their income are getting stated income loans again as companies such as Unity West Lending and Westport Mortgage chase customers they can no longer afford to ignore.

    Lenders say these aren’t the same products as the so-called “liar loans” that were pervasive before the housing bust. Instead, the loans are going to borrowers such as small business owners or investors buying properties they intend to rent who can demonstrate an ability to repay, verifiable through bank or brokerage statements. Lenders said they look for enough assets to pay six to 12 months of payments, while also demanding high down payments to reduce the chance of default.

    “This is not a return to the wild and wooly days of, if you fogged the mirror, you can have a loan,” said Paul Lebowitz, founder of Westport Mortgage. “They have a smarter edge to them now.”

    Some rival lenders said the stated income loans on offer could be abused if borrowers fudge bank statements or don’t have enough money to repay the loan. None of the three biggest banks offer them. Sam Gilford, a spokesman for the Consumer Financial Protection Bureau, said the agency is concerned, though he wouldn’t say whether it is investigating them.

    The CFPB’s rules don’t give specific minimums for assets required to demonstrate an ability to repay a mortgage, but critics said a year’s worth of payments for a three-decade loan may not be enough.

    “It’s easier to falsify bank statements than income tax returns,” said Julia Gordon, director of housing finance and policy at the Center for American progress.

    To avoid the housing-bust taint, the new stated income loans are being called such things as “alternative documentation loans,” “portfolio programs,” “alternative-income verification loans” and “asset-based loans.”

    Borrowers usually have to have credit scores of about 700, though some lenders, like San Jose, California.-based Western Bancorp, will accept credit scores as low as 620. Credit scores range from 300 to 850, with 640 seen as the line between prime and subprime. Borrowers typically pay one-half to three-quarters of a percentage point above conventional mortgage rates.

    Jae Chang, president of Los Angeles-based National Mortgage Service, started offering stated-income loans five months ago. “We are targeting those borrowers who have excellent credit, and a lot of liquid reserves, but who are having difficulties proving their income,” he said. National Mortgage Service is doing $15 million worth of stated-income loans a month.

    Compared to the roughly $1 trillion of U.S. home loans anticipated this year, the stated income mortgage volume at National Mortgage Service is tiny. There is no available data about how widespread stated income mortgages are, and experts said that any growth in these products is off a small base.

    But the shrinking mortgage market is prompting some lenders to expand their potential pool of customers. The MBA’s forecasts for this year’s mortgage lending volumes are down 30 percent from 2013 levels. Volumes started falling last year as rising rates cut into demand.

    SMALL BUSINESS OWNERS

    Among the customers that lenders are targeting are small business owners, whose personal income tax returns may not reflect their ability to repay a loan. Many keep income in their business to reduce their personal income tax obligation. Stated income loans are also often geared toward investors, who don’t fall under the same rules imposed by the 2010 Dodd-Frank financial reform legislation.

    Other lenders lowering their standards to win new business include Wells Fargo & Co, the biggest home lender in the United States, which said earlier this year it is willing to make loans to borrowers with credit scores as low as 600, down from a previous limit of 640.

    The Dodd-Frank law said that, for all owner-occupied mortgages made in the United States, lenders must make sure the borrower has the capacity to repay, or face enforcement from the Consumer Financial Protection Bureau as well as consumer claims in court, where lenders could be liable for up to three years of finance charges and fees.

    Ability-to-repay rules apply only to mortgages for people who will live in the house. That means there is potential for abuse if borrowers apply for the mortgages saying they’ll rent out the property when in fact they intend to live there. Because these kinds of loans are not subject to ability-to-repay rules and require less documentation, borrowers could be talked into taking on mortgages they cannot afford, a lender at a large bank said.

    The law, and the CFPB’S rules on the matter, will likely prevent lenders from re-embracing the worst varieties of stated income loans during the bubble years, such as so-called “ninja” loans, a near-acronym for “no income, no job or assets.”

    While even ninja loans could easily be securitized before the mortgage bubble burst, packaging non-standard home loans into bonds and selling them to investors is much more difficult now. Most stated income loans today are either held in lenders’ portfolios or sold to private investors.

    (Reporting by Michelle Conlin and Peter Rudegeair. Editing by Dan Wilchins and John Pickering)



    How to Find Private Money Lenders Who Make Personal Loans #online #payday #loan


    #money to loan
    #

    Things You’ll Need

    Do an Internet search for person-to-person lending. This will give you several companies that facilitate private loans from one person to another.

    Research the companies that you are interested in using to find a private lender. Check the U.S. Securities and Exchange Commission to see if that company is registered with the SEC; reputable companies should be registered. Also, search the Better Business Bureau for the company to find out if there are any complaints about the person-to-person lending company.

    Register with the website that you have chosen to facilitate your privately financed loan. You will be required to answer questions about your credit history, financial accounts and reason for the loan. Based on this information you will be allowed to ask for a maximum amount at a predetermined interest rate. If you are considered high risk you will be given a higher interest rate.

    Wait for responses from lenders, they will find you at this point. Once you have posted your loan request, lenders can choose to lend you the full amount you requested, or part of your loan. You may actually get your full loan from several private lenders. The person-to-person lending website will handle the repayment from you to your lender or lenders.



    Consolidate loans from multiple lenders to make one affordable monthly payment. #house #loans


    #consolidate loans
    #

    Loan Consolidation

    About Federal Student Loans

    If you make more than one monthly student loan payment, you may find life easier with one affordable payment. A Direct Consolidation Loan brings all of your federal student loans together with a fixed interest rate. The rate is determined as an average of the loan rates that are being consolidated (rounded up to the nearest one-eighth percent).

    Consolidation gives you up to 30 years to repay your loan, depending on your loan balance. Though increasing the repayment period also increases the total amount of interest you will pay over time, you can always pay more than the minimum due with no penalty.

    Most federal student loans, including subsidized and unsubsidized Direct and Family Federal Education Loan Program (FFELP) Stafford and PLUS loans, are eligible for consolidation. Private education loans are unfortunately not eligible to be consolidated.

    If you have any questions about consolidation or need assistance, please call us at 866.426.6765.

    How to Apply

    Apply online for a Direct Consolidation Loan here. You will need your PIN, which you can get at pin.ed.gov. You can choose your servicer and your application will be forwarded to your new servicer for processing. The consolidation process will take approximately 30 days after your application is received.

    Once your Direct Consolidation Loan is completed, the servicer you have chosen will provide your customer service—answer your questions, discuss your repayment options, and process your payments.

    Adding Loans to Your Direct Consolidation Loan

    After your new Direct Consolidation Loan is complete, you still have the opportunity to add additional eligible loans. If you would like to add other eligible loans, your servicer must receive your Request to Add Loans Form within 180 days from the date your Direct Consolidation Loan is completed (originated). Please note that if you have more than six loans to add to your consolidation loan, you will need to submit more than one Request to Add Loans Form.

    If your Direct Consolidation Loan is serviced by Nelnet, you may request to add other eligible loans to it by completing this form and mailing it to:



    A capital idea: Small Business Administration programs help make loans possible. #bad #credit #loans #online


    #loans for small business
    #

    A capital idea: Small Business Administration programs help make loans possible.

    Last Modified: Sunday, November 15, 2015 at 11:08 p.m.

    Nikunj Shah purchased his first motel in August, a deal that may not have been possible without a popular federal loan program.

    Shah paid $2.4 million for the 47-unit Super 8 motel in Bradenton, financed with a $2.19 million loan from Sarasota’s Insignia Bank through the U.S. Small Business Administration.

    The SBA-guaranteed loan came with a lower down payment and a longer term. It also was approved for a first-time buyer that conventional commercial lenders often reject.

    “With the SBA loan, you can get a loan approved with a 15 to 20 percent down payment, compared with a commercial loan with a bank you might have to put down 25 to 35 percent,” Shah said. “Commercial banks will only amortize for 10 or 15 years, where the SBA will amortize for 20 to 25 years, so the mortgage payment is much less.”

    The SBA also works with first-time buyers although, like Shah, it helps to have a previous track record of business experience.

    Insignia Bank CEO Charlie Brown has been making small-business loans through the SBA for decades, and his bank was the top dollar producer for loans with the SBA among lenders headquartered in Southwest Florida.

    It issued $4.5 million in SBA loans in the recently completed fiscal year, ranking the community bank in the top 35 percent of all Florida banks for SBA lending.

    “We continue to see opportunities in the market for SBA loans, said Brown, the bank’s chairman and chief executive. “Where other banks have become concentrated with certain types of real estate loans and are pulling back, Insignia, with the use of the SBA program and its strong capital, continues to lend.”

    Brown learned SBA lending at his former job at Charlotte State Bank & Trust in Port Charlotte, which one year ranked No. 2 in Florida in SBA loans.

    “We can lend more than we normally would because of the SBA guarantee,” Brown said. “We try to use it only for when collateral may be a little tighter. The rest of the transaction still has to make sense from a cash flow, character and condition in industry standpoint.”

    Lenders issued $111.1 million in SBA loans in Sarasota, Manatee and Charlotte counties in fiscal year 2015, up 18 percent from the $94.2 million the previous year.

    The number of loans to new and existing businesses in the region in the fiscal year ended Sept. 30 increased by 36 to a total of 180, according to SBA data for the 12-month period ended Sept. 30.

    The importance of SBA loans

    SBA lending programs encourage bankers to approve more small-business loans by allowing the government to shoulder some of the default risk. Owners of small businesses like the loans because they carry longer terms and lower interest rates than most other loan sources. Borrowers also are able to qualify for SBA loans if they don’t have enough collateral to qualify under a lender’s usual terms.

    Plus, other sources of loans often are unavailable.

    Many banks tightened the reins on commercial lending after being battered by soured business loans during the real estate downturn. Speculative loans to developers played a key role in the demise in a number of community banks in Southwest Florida and across the state.

    The SBA’s 24-county South Florida district, which includes Sarasota, Manatee and Charlotte, set a record for lending in the recent year, with 2,417 loans.

    “We did nearly $1.2 billion in loan guarantees for small businesses last year,” said Althea Harris, spokeswoman for the district. “That’s better than our best year, fiscal 2007, before the recession when we did just under $900 million in loan guarantees.”

    Nationwide, lending in the SBA’s flagship 7(a) program also broke records, with 63,000 loans totaling $23.6 billion for the year. That was an increase of 22 percent in number of loans and 23 percent in total dollar volume.

    Conventional loans a challenge

    “This level of program activity demonstrates that access to capital through conventional sources remains a challenge for small businesses,” the SBA said.

    In Sarasota County, the SBA reported 89 loans for $57.4 million. Last year SBA lenders completed 69 loans for $39.7 million.

    Manatee produced 64 loans totaling $38.2 million, compared with 58 loans totaling $38.0 million in fiscal 2014.

    Charlotte posted a small decline in dollar volume, with 27 loans for $15.5 million, compared with 17 loans for $16.5 million.

    In the South Florida region, the area south of Orlando, the number of loans in the 504 program which provides finances for major fixed assets like equipment or real estate was down by nearly 7 percent. But loans in the 7a program the most popular one, which finances everything from startup businesses to long-term working capital jumped 55 percent over the year.

    7a program loans grow

    Harris said 504 lending in the district has trended lower because of the competition that certified development companies, known as CDCs, are getting from the traditional 7a lenders, “who are encroaching on the real estate transactions that traditionally have been left for the CDCs.” In contrast, lending in the 7a program continues to grow. CDCs are nonprofit corporations, certified and regulated by the SBA, that work with participating lenders to provide financing to small businesses.

    Shah, the motel buyer, said the SBA loan process does taken longer than direct financing through a bank. His loan took about three months to complete, but he credits Insignia and the SBA for getting it done.

    He says he would probably not be a motel owner today without the program.

    “Anyone buying a business for the first time, the best way is the SBA route,” he said.



    Does Bank of America Make Personal Loans? #direct #loan #consolidation


    #bank personal loans
    #

    Does Bank of America Make Personal Loans?

    Bank of America is the country’s second largest bank, with more than $2 trillion in assets. It is headquartered in Charlotte, North Carolina, and provides a variety of financial services, including issuing loans to businesses and individual. All of BoA’s non-business loans must be secured by property. These loans include new mortgages for homes, refinancing loans, home equity credit lines and automobile loans. BoA offers reduced loan rates through its Preferred Rewards program that’s open to borrowers who also have a Merrill Lynch investment account with a balance of $20,000 or greater.

    Other People Are Reading

    Role of Credit Scores

    BoA, like many lenders, considers a loan applicant’s credit score when deciding whether to grant a loan. The bank uses FICO scores. issued by Fair Isaac Corp. to summarize the applicant’s credit history. FICO scores range from 300 to 850, and applicants with the highest scores can receive easier loan approval, lower mortgage interest rates and a smaller down payment requirement from BoA. The bank considers 700 or higher to be a good score, but scores below 620 make it harder to get a loan from BoA.

    Mortgage Loans

    BoA offers fixed-rate and adjustable-rate mortgages. The bank also offers preapproved mortgages. which are conditional agreements to issue a mortgage for a set amount and with specific terms. To receive a BoA mortgage, you (and any co-borrower, such as your spouse) must fill out an application and provide documentation regarding your job history, credit risk and financial circumstance. Required information includes:

    accounts

  • Signed tax returns
  • Documentation of self-employed income
  • A signed Purchase and Sales Agreement on the

    home you wish to buy

    BoA may issue a rate lock guaranteeing the interest rate and points it will charge as of the closing date. This protects your from higher interest rates between the time the mortgage is approved and issued. BoA also offers jumbo loans — in which the mortgage amount is $417,000 or higher — as well as mortgages tied to affordable housing assistance programs. and mortgages insured by the Federal Housing Administration and the Department of Veterans Affairs .

    Other Home Loans

    You can apply to BoA to refinance an existing mortgage. This allows you to lower your interest rate and /or your monthly mortgage payments, or to extract some equity from your home and use the money for other purposes. You do this by borrowing more than your current mortgage balance. You can also convert an adjustable-rate mortgage to a fixed rate one so that your monthly payments are predictable. Additionally, BoA offers fixed-rate interest-only jumbo mortgages. in which you can choose to shell out just interest for a set number of years before you begin repaying principal.

    Another alternative is a BoA home equity line of credit. which lends cash secured by your home equity — the value of your home in excess of your mortgage balance. This is a revolving account. meaning you can reborrow money you’ve paid back, up to the credit limit.

    Auto Loans

    You can apply for a BoA auto loan to pay for a new or used car, or to refinance an existing auto loan. The bank makes these loans available in as little as 24 hours and offers a rate discount to borrowers with a BoA checking account, as well as through the Preferred Rewards program. The bank works with dealer networks and can recommend a dealer that will use BoA to finance the auto loan.



  • How to Make a Payment #loans #now


    #student loan payments
    #

    How to Make a Payment

    Making payments on your student loan with Nelnet is easy! With options to pay anytime, anywhere, you can manage your account your way. We offer a variety of payment options, including automatic debits (ACH), to let you choose a method that’s convenient for you. If you wish, we can send you text alerts to confirm or remind you to make your payments! See details below.

    Your Accounts, Loan Groups, and Due Dates

    You may have more than one student loan account with Nelnet (account numbers start with D, J, or E). Within each account, your individual loans are grouped according to the characteristics they have in common. For example, loans of the same type and interest rate will be in a group together.

    We send you a monthly statement for each account about three weeks before a payment is due. Your monthly statement and online account at Nelnet.com will show your amount due and due date for that account. If you have multiple accounts, it’s possible you may have different due dates. If you make your monthly payment online, you’re able to make a single payment for all of your accounts. If you wish to mail a payment, you must send it to the address on your statement. Feel free to call us anytime to request that we align the due dates on all of your loans to a date between the 1st and 28th of each month.

    Ways to Pay



    Where to Make Student Loan Payments #1000 #loan


    #student loans payment
    #

    Where to Make Payments

    In some provinces and territories, loans are issued separately by the federal and provincial/territorial governments. That means that you could have more than 1 loan to pay back.

    If your loans were issued to you by British Columbia, Ontario, New Brunswick, Newfoundland and Labrador, or Saskatchewan

    Full-time students: You were given an “integrated” loan. In other words the money came from both the Government of Canada and your province. You will need to repay your loan through the National Student Loans Service Centre. You can see the status of your loan, update your contact information, change your monthly payment amount and apply for the Repayment Assistance Plan by registering for the NSLSC s On-line Services .

    If you received loans before August 2000, you may also have Canada Student Loans or provincial loans at a bank. See Special Circumstances .

    If your loans were issued to you by Alberta, Manitoba, Nova Scotia or Prince Edward Island

    Full-time students: You ll be making payments on 2 loans: a federal student loan and a provincial student loan. That means you ll have to stay in touch with at least 2 loan providers.

    • The federal student loan is managed through the NSLSC. This is where you will send your payments.
    • The provincial loan will be repaid through your province or 1 of the provincial loan service providers. Visit the Web site of your provincial student assistance office to discover the process or where to get help.

    If you received loans before August 2000, you may also have Canada Student Loans or provincial loans at a bank. See Special Circumstances .

    If your loans were issued to you by Quebec, Nunavut or Northwest Territories

    You repay your loan through the student assistance office of your province or territory of residence. Your province or territory doesn t participate in the federal Canada Student Loans Program and as such operates its own student assistance plan which is partly funded by the federal government.

    If your loans were issued to you by Yukon

    Full-time students: You received a Canada Student Loan. Yukon doesn t offer a territorial student loan program. You ll manage and repay your loan through the NSLSC .

    If you received part-time student loans

    You applied for and will be repaying a part-time Canada Student Loan. You ll manage and repay your loan through the NSLSC.

    Special circumstances

    You must contact the loan holders and arrange to repay the loans directly to the financial institutions that issued them if you received:

    • a Canada Student Loan before August 1, 2000;
    • an Alberta Student Loan before August 1, 2000;
    • a British Columbia Student Loan before August 1, 2000;
    • a Manitoba Student Loan before August 1, 2000;
    • a New Brunswick Student Loan before August 1, 2000;
    • a Newfoundland and Labrador Student Loan before August 1, 2000;
    • a Nova Scotia Student Loan before August 1, 2000;
    • an Ontario Student Loan before August 1, 2001;
    • a Prince Edward Island Student Loan before August 1, 2000;
    • a Saskatchewan Student Loan before August 1, 2001; or
    • a Yukon Student Loan before August 1, 2000.

    Date modified: 2013-07-23



    Ask the Expert: Does mortgage insurance make sense? Dec. 19, 2003 #medical #loans


    #loan insurance
    #

    By Walter Updegrave, CNN/Money contributing columnist

    NEW YORK (CNN/Money) – I am being offered mortgage protection insurance. Is it worth the cost?

    — James Lawrence, Tampa, Florida

    Before I answer your question, let’s be sure we’re both talking about the same type of mortgage insurance. There are actually two kinds, and they provide very different types of coverage.

    First, there is the type known as private mortgage insurance, or PMI as it’s known in lending circles.

    If you are buying a home and putting up a downpayment of less than 20 percent of the home’s value, then generally you don’t have a choice of whether to buy this type of insurance. The lender requires it.

    Why? Because PMI isn’t there to protect you — it’s there to protect the insurer in the event you default on your home loan and the lender isn’t able to re-sell your home for enough money to pay off the mortgage.

    The cost of PMI varies, but a rule of thumb is about one half of one percent of the loan amount.

    So if you’re buying a house for, say, $150,000 and putting 10 percent down ($15,000), the annual cost of PMI on your $135,000 mortgage might run $675 a year, or $56.25 a month.

    In years past, some lenders would continue to collect PMI premiums even after the mortgage balance had fallen to well below 80 percent of the home’s original value. But Congress passed the Homeowners Protection Act of 1998, which allows homeowners to request that the lender cancel PMI when the mortgage loan-to-value ratio falls to 80 percent and requires the lender to cancel it when the ratio falls to 78 percent.

    By the way, appreciation in the home’s value isn’t taken into account in calculating this ratio — only the decline in the mortgage balance counts.

    There are also some other qualifications that may affect your ability to cancel PMI. For more on what the bill requires of you and the lender, click here.

    Mortgage life insurance

    The second type of mortgage insurance is the type that usually goes by the name mortgage life insurance.

    Here, you’re being offered the chance to buy an insurance policy that will repay your mortgage in the event of your death, disability or some incapacitating disease.

    This offer — typically by mail — often comes from your lender or an insurance company affiliated with that lender.

    This type of insurance is purely voluntary, however, so the question is, should you buy?

    Generally, I’d say the answer is no.

    It rarely makes sense to buy insurance for narrow reasons — to insure against a specific disease or a single calamity or to provide funds to pay off a single liability, in this case your mortgage.

    In the case of life insurance, for example, you’re much better off analyzing your overall insurance need based on what kind of liabilities your spouse or other dependents would face and how much income they would have to replace if you were gone, and then buying enough insurance to meet that need.

    Fact is, if you died tomorrow, your dependents would need to replace your income for a variety of reasons, not just to pay the mortgage.

    Indeed, it might not even make sense to pay off the mortgage. Your spouse or other survivors might be better off continuing to pay the loan — assuming that’s possible — and putting insurance proceeds to other purposes.

    In other words, you should take your overall financial picture into account when buying life insurance.

    And the way you should do that is to have a financial planner or life insurance agent perform what’s known as a “needs analysis.” You can also use any one of a number of insurance needs calculators online, including the calculators at The Life and Health Insurance Foundation for Education site and TIAA-Cref site.

    Of course, that leaves the question of what type of insurance you should buy — whole life, term, etc. — and the issue of how to shop for the best price for a policy.

    For more on those topics, see a column I wrote last year called “Life insurance made easy .”

    The same goes for disability insurance. You should consider a long-term disability insurance policy not just because you have an outstanding mortgage, but because you would likely need to generate income for a variety of reasons even if you were disabled and unable to work. For more on choosing a disability policy, click here.



    Cincinnati credit unions battling to make more business loans: ‘Banks are back in the game’ – Cincinnati Business Courier #loan #interest #calculator


    #credit loans
    #

    Credit unions battling to make more business loans: ‘Banks are back in the game’

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    Cincinnati business owners might have another option when it comes to getting financing for an expansion.

    Some local credit union operators are aiming to boost the amount of business loans they make. They see it as a way to get more income in a low-rate environment.

    Jay Sigler, CEO of Cinfed Credit Union, said his institution is growing enough that it’s bumping up against the traditional business lending limit for credit unions. Regulators don’t allow them to have more than 12.25 percent of their assets in business loans, but his company, which has $360 million in assets, is able to go over that level and is around 13 percent. That’s because it now has a low-income designation indicating most of its members have below-average income. Credit unions with that designation are able to go far above the traditional business lending limit.

    Credit unions like Cinfed make most of their loans in the $150,000 to $400,000 range, Sigler said. That’s smaller than the loans many banks typically want to make. But banks are much more involved in making business loans than they were after the financial crisis, he told me when I got together with a few local credit union chiefs on Monday for lunch.

    “They’re getting more interested,” Sigler said. “Banks are back in the game. Competition for loans is fierce again.”

    Barb Harper, CEO of Cincinnati Police Federal Credit Union, said her $106 million company has focused on adding business loans, too. It joined Cooperative Business Services, a group that makes business loans in which credit unions can participate. That allows smaller lenders to do deals they couldn’t finance on their own. Cincinnati Police has done about eight deals since March after doing virtually none in the past, she said.

    Other key points from my wide-ranging conversation with the credit union chiefs:

    • Cutting costs. The persistently low interest rates are squeezing income for credit unions just as they are for banks. The main effect? Credit unions are cutting costs where they can.

    “We’ve gotten really lean,” Rudy Rattman, CEO of Postal Family Credit Union, told me about his company’s staffing levels. It has shed about four employees through attrition over the past couple of years, leaving it with just 15 employees.

    It’s also vital for credit unions to lend as much as they can to make up on volume what they lack in margin.

    “If you’re not lending, you’re dying,” he said.

    Couple that with the competition for business loans and it’s good news for company owners seeking capital.

    • Auto loans. Cinfed’s car loans have shot up, doubling this year to about $20 million, Sigler told me. That’s largely thanks to its new indirect loan program. It generates car loans through dealerships.

    Harper said Cincinnati Police is increasing its car loans as well, partly because auto purchases are climbing.

    In total, lending at Ohio’s credit unions increased 5 percent in the second quarter to $3.9 billion, according to the Ohio Credit Union League.



    Where to Make Student Loan Payments #private #loans


    #student loans payment
    #

    Where to Make Payments

    In some provinces and territories, loans are issued separately by the federal and provincial/territorial governments. That means that you could have more than 1 loan to pay back.

    If your loans were issued to you by British Columbia, Ontario, New Brunswick, Newfoundland and Labrador, or Saskatchewan

    Full-time students: You were given an “integrated” loan. In other words the money came from both the Government of Canada and your province. You will need to repay your loan through the National Student Loans Service Centre. You can see the status of your loan, update your contact information, change your monthly payment amount and apply for the Repayment Assistance Plan by registering for the NSLSC s On-line Services .

    If you received loans before August 2000, you may also have Canada Student Loans or provincial loans at a bank. See Special Circumstances .

    If your loans were issued to you by Alberta, Manitoba, Nova Scotia or Prince Edward Island

    Full-time students: You ll be making payments on 2 loans: a federal student loan and a provincial student loan. That means you ll have to stay in touch with at least 2 loan providers.

    • The federal student loan is managed through the NSLSC. This is where you will send your payments.
    • The provincial loan will be repaid through your province or 1 of the provincial loan service providers. Visit the Web site of your provincial student assistance office to discover the process or where to get help.

    If you received loans before August 2000, you may also have Canada Student Loans or provincial loans at a bank. See Special Circumstances .

    If your loans were issued to you by Quebec, Nunavut or Northwest Territories

    You repay your loan through the student assistance office of your province or territory of residence. Your province or territory doesn t participate in the federal Canada Student Loans Program and as such operates its own student assistance plan which is partly funded by the federal government.

    If your loans were issued to you by Yukon

    Full-time students: You received a Canada Student Loan. Yukon doesn t offer a territorial student loan program. You ll manage and repay your loan through the NSLSC .

    If you received part-time student loans

    You applied for and will be repaying a part-time Canada Student Loan. You ll manage and repay your loan through the NSLSC.

    Special circumstances

    You must contact the loan holders and arrange to repay the loans directly to the financial institutions that issued them if you received:

    • a Canada Student Loan before August 1, 2000;
    • an Alberta Student Loan before August 1, 2000;
    • a British Columbia Student Loan before August 1, 2000;
    • a Manitoba Student Loan before August 1, 2000;
    • a New Brunswick Student Loan before August 1, 2000;
    • a Newfoundland and Labrador Student Loan before August 1, 2000;
    • a Nova Scotia Student Loan before August 1, 2000;
    • an Ontario Student Loan before August 1, 2001;
    • a Prince Edward Island Student Loan before August 1, 2000;
    • a Saskatchewan Student Loan before August 1, 2001; or
    • a Yukon Student Loan before August 1, 2000.

    Date modified: 2013-07-23



    Stated income loans make comeback as mortgage lenders seek clients #credit #card #debt


    #stated income loans
    #

    Stated income loans make comeback as mortgage lenders seek clients

    By Michelle Conlin and Peter Rudegeair

    n”>(Reuters) – Mortgage applicants who can’t provide tax returns or pay stubs to show their income are getting stated income loans again as companies such as Unity West Lending and Westport Mortgage chase customers they can no longer afford to ignore.

    Lenders say these aren’t the same products as the so-called “liar loans” that were pervasive before the housing bust. Instead, the loans are going to borrowers such as small business owners or investors buying properties they intend to rent who can demonstrate an ability to repay, verifiable through bank or brokerage statements. Lenders said they look for enough assets to pay six to 12 months of payments, while also demanding high down payments to reduce the chance of default.

    “This is not a return to the wild and wooly days of, if you fogged the mirror, you can have a loan,” said Paul Lebowitz, founder of Westport Mortgage. “They have a smarter edge to them now.”

    Some rival lenders said the stated income loans on offer could be abused if borrowers fudge bank statements or don’t have enough money to repay the loan. None of the three biggest banks offer them. Sam Gilford, a spokesman for the Consumer Financial Protection Bureau, said the agency is concerned, though he wouldn’t say whether it is investigating them.

    The CFPB’s rules don’t give specific minimums for assets required to demonstrate an ability to repay a mortgage, but critics said a year’s worth of payments for a three-decade loan may not be enough.

    “It’s easier to falsify bank statements than income tax returns,” said Julia Gordon, director of housing finance and policy at the Center for American progress.

    To avoid the housing-bust taint, the new stated income loans are being called such things as “alternative documentation loans,” “portfolio programs,” “alternative-income verification loans” and “asset-based loans.”

    Borrowers usually have to have credit scores of about 700, though some lenders, like San Jose, California.-based Western Bancorp, will accept credit scores as low as 620. Credit scores range from 300 to 850, with 640 seen as the line between prime and subprime. Borrowers typically pay one-half to three-quarters of a percentage point above conventional mortgage rates.

    Jae Chang, president of Los Angeles-based National Mortgage Service, started offering stated-income loans five months ago. “We are targeting those borrowers who have excellent credit, and a lot of liquid reserves, but who are having difficulties proving their income,” he said. National Mortgage Service is doing $15 million worth of stated-income loans a month.

    Compared to the roughly $1 trillion of U.S. home loans anticipated this year, the stated income mortgage volume at National Mortgage Service is tiny. There is no available data about how widespread stated income mortgages are, and experts said that any growth in these products is off a small base.

    But the shrinking mortgage market is prompting some lenders to expand their potential pool of customers. The MBA’s forecasts for this year’s mortgage lending volumes are down 30 percent from 2013 levels. Volumes started falling last year as rising rates cut into demand.

    SMALL BUSINESS OWNERS

    Among the customers that lenders are targeting are small business owners, whose personal income tax returns may not reflect their ability to repay a loan. Many keep income in their business to reduce their personal income tax obligation. Stated income loans are also often geared toward investors, who don’t fall under the same rules imposed by the 2010 Dodd-Frank financial reform legislation.

    Other lenders lowering their standards to win new business include Wells Fargo & Co, the biggest home lender in the United States, which said earlier this year it is willing to make loans to borrowers with credit scores as low as 600, down from a previous limit of 640.

    The Dodd-Frank law said that, for all owner-occupied mortgages made in the United States, lenders must make sure the borrower has the capacity to repay, or face enforcement from the Consumer Financial Protection Bureau as well as consumer claims in court, where lenders could be liable for up to three years of finance charges and fees.

    Ability-to-repay rules apply only to mortgages for people who will live in the house. That means there is potential for abuse if borrowers apply for the mortgages saying they’ll rent out the property when in fact they intend to live there. Because these kinds of loans are not subject to ability-to-repay rules and require less documentation, borrowers could be talked into taking on mortgages they cannot afford, a lender at a large bank said.

    The law, and the CFPB’S rules on the matter, will likely prevent lenders from re-embracing the worst varieties of stated income loans during the bubble years, such as so-called “ninja” loans, a near-acronym for “no income, no job or assets.”

    While even ninja loans could easily be securitized before the mortgage bubble burst, packaging non-standard home loans into bonds and selling them to investors is much more difficult now. Most stated income loans today are either held in lenders’ portfolios or sold to private investors.

    (Reporting by Michelle Conlin and Peter Rudegeair. Editing by Dan Wilchins and John Pickering)



    Consolidate loans from multiple lenders to make one affordable monthly payment. #where #can #i #get #a #loan #with #bad #credit


    #consolidate loans
    #

    Loan Consolidation

    About Federal Student Loans

    If you make more than one monthly student loan payment, you may find life easier with one affordable payment. A Direct Consolidation Loan brings all of your federal student loans together with a fixed interest rate. The rate is determined as an average of the loan rates that are being consolidated (rounded up to the nearest one-eighth percent).

    Consolidation gives you up to 30 years to repay your loan, depending on your loan balance. Though increasing the repayment period also increases the total amount of interest you will pay over time, you can always pay more than the minimum due with no penalty.

    Most federal student loans, including subsidized and unsubsidized Direct and Family Federal Education Loan Program (FFELP) Stafford and PLUS loans, are eligible for consolidation. Private education loans are unfortunately not eligible to be consolidated.

    If you have any questions about consolidation or need assistance, please call us at 866.426.6765.

    How to Apply

    Apply online for a Direct Consolidation Loan here. You will need your PIN, which you can get at pin.ed.gov. You can choose your servicer and your application will be forwarded to your new servicer for processing. The consolidation process will take approximately 30 days after your application is received.

    Once your Direct Consolidation Loan is completed, the servicer you have chosen will provide your customer service—answer your questions, discuss your repayment options, and process your payments.

    Adding Loans to Your Direct Consolidation Loan

    After your new Direct Consolidation Loan is complete, you still have the opportunity to add additional eligible loans. If you would like to add other eligible loans, your servicer must receive your Request to Add Loans Form within 180 days from the date your Direct Consolidation Loan is completed (originated). Please note that if you have more than six loans to add to your consolidation loan, you will need to submit more than one Request to Add Loans Form.

    If your Direct Consolidation Loan is serviced by Nelnet, you may request to add other eligible loans to it by completing this form and mailing it to:



    Ask the Expert: Does mortgage insurance make sense? Dec. 19, 2003 #best #loan #rate


    #loan insurance
    #

    By Walter Updegrave, CNN/Money contributing columnist

    NEW YORK (CNN/Money) – I am being offered mortgage protection insurance. Is it worth the cost?

    — James Lawrence, Tampa, Florida

    Before I answer your question, let’s be sure we’re both talking about the same type of mortgage insurance. There are actually two kinds, and they provide very different types of coverage.

    First, there is the type known as private mortgage insurance, or PMI as it’s known in lending circles.

    If you are buying a home and putting up a downpayment of less than 20 percent of the home’s value, then generally you don’t have a choice of whether to buy this type of insurance. The lender requires it.

    Why? Because PMI isn’t there to protect you — it’s there to protect the insurer in the event you default on your home loan and the lender isn’t able to re-sell your home for enough money to pay off the mortgage.

    The cost of PMI varies, but a rule of thumb is about one half of one percent of the loan amount.

    So if you’re buying a house for, say, $150,000 and putting 10 percent down ($15,000), the annual cost of PMI on your $135,000 mortgage might run $675 a year, or $56.25 a month.

    In years past, some lenders would continue to collect PMI premiums even after the mortgage balance had fallen to well below 80 percent of the home’s original value. But Congress passed the Homeowners Protection Act of 1998, which allows homeowners to request that the lender cancel PMI when the mortgage loan-to-value ratio falls to 80 percent and requires the lender to cancel it when the ratio falls to 78 percent.

    By the way, appreciation in the home’s value isn’t taken into account in calculating this ratio — only the decline in the mortgage balance counts.

    There are also some other qualifications that may affect your ability to cancel PMI. For more on what the bill requires of you and the lender, click here.

    Mortgage life insurance

    The second type of mortgage insurance is the type that usually goes by the name mortgage life insurance.

    Here, you’re being offered the chance to buy an insurance policy that will repay your mortgage in the event of your death, disability or some incapacitating disease.

    This offer — typically by mail — often comes from your lender or an insurance company affiliated with that lender.

    This type of insurance is purely voluntary, however, so the question is, should you buy?

    Generally, I’d say the answer is no.

    It rarely makes sense to buy insurance for narrow reasons — to insure against a specific disease or a single calamity or to provide funds to pay off a single liability, in this case your mortgage.

    In the case of life insurance, for example, you’re much better off analyzing your overall insurance need based on what kind of liabilities your spouse or other dependents would face and how much income they would have to replace if you were gone, and then buying enough insurance to meet that need.

    Fact is, if you died tomorrow, your dependents would need to replace your income for a variety of reasons, not just to pay the mortgage.

    Indeed, it might not even make sense to pay off the mortgage. Your spouse or other survivors might be better off continuing to pay the loan — assuming that’s possible — and putting insurance proceeds to other purposes.

    In other words, you should take your overall financial picture into account when buying life insurance.

    And the way you should do that is to have a financial planner or life insurance agent perform what’s known as a “needs analysis.” You can also use any one of a number of insurance needs calculators online, including the calculators at The Life and Health Insurance Foundation for Education site and TIAA-Cref site.

    Of course, that leaves the question of what type of insurance you should buy — whole life, term, etc. — and the issue of how to shop for the best price for a policy.

    For more on those topics, see a column I wrote last year called “Life insurance made easy .”

    The same goes for disability insurance. You should consider a long-term disability insurance policy not just because you have an outstanding mortgage, but because you would likely need to generate income for a variety of reasons even if you were disabled and unable to work. For more on choosing a disability policy, click here.



    Car buyers borrow most ever, make record payments


    #car loan payment
    #

    Car buyers borrow most ever, make record payments

    Ross D. Franklin, AP

    Mike Johnson, a sales manager at a Honda dealership in Tempe, Ariz. opens the more

    Long car loans can be lots of trouble

    Americans’ average new-car loan payment hit a record $482 the fourth quarter, and car buyers were paying an average 4.56% for loans, according to researcher Experian Automotive.

    What’s more, the Experian report shows that the amount borrowed to buy a new car in the fourth quarter hit a record $28,381, up more than $950 from a year ago and a $582 increase from the previous quarter.

    Edmunds.com auto researchers show the average transaction price for a new vehicle in the fourth quarter was $33,352.

    That means buyers were making down payments averaging about 15%.

    Other research says the average transaction price then was around $32,000, suggesting that buyers made down payments of 10% – 12%.

    For used vehicles, the average loan amount increased $437 from last year, to $18,411.

    Experian says the average length of a new-car loan in the fourth quarter rose to an average 66 months, and a used car loan hit 62 months.

    “In most parts of the country, vehicles are viewed as a necessity to everyday life, which is why we continue to see consumers willing to take out larger loans as the average price of vehicles continues to rise,” said Melinda Zabritski, Experian’s senior director of automotive finance.

    The new-car loan data hits home with most car buyers, because 84% of new vehicle purchases were made with financing. Used, 55.2%.

    The Experian findings track data from others.

    For instance, Edmunds.com, a car research and shopping site, reported recently that the average price of new car in 2014 was $32,386 The average new-car loan was a record 67.2 months, Edmunds.com said, and the average loan interest rate was 4.5%.



    When Can I Refinance My Car? Does it Make Sense?


    #car loan refinance
    #

    When Can I Refinance my Car?

    By Justin Pritchard. Banking/Loans Expert

    Justin Pritchard helps consumers navigate the world of banking.

    Question: I just bought a car but I don’t think I got a good deal. When can I refinance my car loan? Do I have to wait?

    Answer: the short answer is no, you do not have to wait to refinance your car. If you can find a better lender who is willing to pay off the old loan and take you on as a customer, then go for it.

    Sometimes people are tempted to refinance into a longer-term loan because they ll have lower monthly payments. However, those lower payments can end up costing you in two different ways:

    First, you might end up paying more for your car if you switch to a longer-term loan because you ll pay more in interest. To find out if that s the case, run a quick calculation on your existing loan versus the new loan. Our loan amortization calculator will show you how much you pay in interest with each payment, and you can add up all of the interest costs to see what you ll pay over the life of the loan.

    Having an upside down auto loan is another risk of moving into a longer-term loan. When a loan is upside down it means that you owe more than your car is worth. This happens when you use longer term loans (because the car loses value faster than you pay down the debt). If you want to sell the car later, you might have to write a check to your lender to get out of the loan.

    When Should You Refinance a Car Loan?

    All that said, there are plenty of good reasons to refinance auto loans. If your credit has improved. you might be able to get a better loan once you have higher credit scores .

    Continue Reading Below

    Depending on what is happening in your credit reports. you might see dramatic changes in your scores over a short period of time (if you ve been cleaning up errors in your credit reports, for example).

    Another reason to refinance might just be that you ve found a better deal. When you re buying a car. you ve got a lot on your mind, and you may just want to get the deal done. It might be fastest (and it might even mean a lower purchase price) if you finance at the dealership. However, it s not uncommon to find better offers at your local bank or credit union. and it may make sense to take advantage of those offers.

    Is there a Best Time?

    In some cases, it might make sense to refinance as soon as possible after purchasing an automobile. Loans for new vehicles have better rates than loans for used vehicles. The sooner you do it, the more likely you are to get a loan for new cars.

    If you go this route, be sure to stay involved with the process. Stay in touch with both lenders to make sure that paperwork is being processed quickly and efficiently. You don t want to miss your first payment on your new car .