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Various Funding Sources for Home Modifications, loan modifications.#Loan #modifications


Various Funding Sources for Home Modifications

Vocational Rehabilitation Program

Independent Living Center: Title VII Part B

Home Modification Loan Program

The Massachusetts Assistive Technology Loan Program (ATLP)

Other State Agencies with Home Modification Resources

Department of Developmental Services (DDS)

Catastrophic Illness in Children Relief Fund (CICRF)

Mass Housing, Home Improvement Loan Program

Regional Organizations with Home Modification Resources

Federal Agencies with Home Modification Resources

U.S. Housing and Urban Development; Community Development Block Grant Program (CDBG)

U.S. Department of Agriculture, Rural Development; Home Improvement Loans and Grants

Department of Veteran’s Affairs

Homes for Our Troops

Disability Specific Organizations

These organizations offer a range of resources and may or may not have resources specifically related to home modifications.

Muscular Dystrophy Association at www.mda.org

  • Greater Boston – Boston (617) 368-9155
  • Central Mass. – Westboro (508) 898-3375
  • Northeast – Beverly (978) 720-2800

Multiple Sclerosis Society, Greater New England Chapter

United Cerebral Palsy (UCP)

Amyotrophic Lateral Sclerosis (ALS) Association of MA

American Heart and Stroke Association

American Parkinson’s Disease Association

Federation for Children with Special Needs

Civic and Religious Organizations

There are many civic and religious organizations that provide help to individuals on a wide variety of issues. You should reach out to those in your community who may know more about what is available in your community. Some examples of these kinds of organizations include:Elks, Knights of Columbus, Shriner’s, Lion’s, Rotary, Masons Grand Lodge


Loan modifications, loan modifications.#Loan #modifications


loan modifications

Loan modificationsK-Loan

Frequently, assistive technology equipment, i.e., hearing aids, accessible vehicles, sensory aids, communication devices, and home modifications are extremely expensive. Most traditional lenders limit what specialty equipment they finance and the terms offered on such equipment. K-Loan knows how critical such equipment is and knows some equipment has longevity beyond a couple of years. That is why we offer longer terms to eligible borrowers on a case by case basis. Let us know how we can help you.

K-Loan is an Alternative Finance Program offered through Assistive Technology for Kansans (ATK), the statewide assistive technology program, coordinated by the University of Kansas. K-Loan was established and is directed by persons with disabilities. It is a consumer-run program designed to provide persons with disabilities and their families with access to financial resources toward acquiring assistive technology through education, saving and borrowing. The project is guided by an Executive Advisory Board composed of individuals with disabilities, family members and representatives from Kansas agencies.

Assistive Technology (AT) is any kind of device or tool that helps people learn, work, communicate and live more independently. AT can be very simple and inexpensive, like a modified knife and fork, or it can be very sophisticated and costly, like a computerized speech device.

Jeanette Graue is the Alternative Finance Manager for the financial empowerment program which is headquartered in the AT access site at 1714 Main in Parsons. In her role as the Regional Loan Coordinator for the Southeast Kansas AT area, Graue manages the loan applications and program data. Lou Ann Kibbee of Hays works as the North and Northwest Regional Loan Representative. Heather Jones works at Prairie Independent Living Resource Center, 17 South Main, Hutchinson, Kansas. She serves the South and Southwest area of the state as the K-Loan Regional Representative.

The low interest loans are designed to help individuals with chronic health problems or disabilities obtain a variety of equipment that can be used at home, school or on the job. Funds can be used to help with the purchase of assistive technology equipment ranging from hearing aids to mobility devices. Personnel can help identify alternate funding sources.

Applications can be downloaded on line by following this link. Once it is completed fax to 620-423-3505. To learn more about the K-LOAN program, contact K-Loan at 620-421-6554 in Parsons or call toll-free 1-866-465-2826. The number to reach staff in Hays is 1-800-316-8019. Hutchinson staff can be contacted by calling 1-888-715-6818.

Physical Disability Banking Survey

The World Institute on Disability and the National Council on Independent Living (NCIL) and Association of Programs for Rural Independent Living (APRIL) are conducting a brief 15 to 20 minute survey about access to and use of banking and financial institutions for people with physical disabilities. These responses will help guide future efforts to provide improved banking and financial institution products, services and programs to better reach the physical disability community.

Physical Disability Banking Survey:

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  • Loan modifications
  • Loan modifications
  • Loan modifications

How Amortization Works: Examples and Explanation, loan modifications.#Loan #modifications


How Amortization Works

Loan modifications

Amortization is the process of paying off a balance over time with regular, equal payments. This is most common with monthly payments on loans, but amortization is an accounting term that can apply to other types of balances.

With loans, including home loans and auto loans, each monthly payment looks the same, but the payment is made up of several parts that change over time. A portion of each payment goes towards:

  1. The interest costs (what your lender gets paid for the loan).
  2. Reducing your loan balance (also known as paying off the loan principal).

At the beginning of the loan, interest costs are at their highest. Especially with long-term loans, the majority of each periodic payment is an interest expense, and you only pay off a small portion of the balance. In other words, you don’t make much progress on debt repayment during the early years.

As time goes on, more and more of each payment goes towards your principal (and you pay less in interest each month).

Amortized loans are designed to completely pay off the loan balance over a certain amount of time. Your last loan payment will pay off the final amount remaining on your debt. For example, after exactly 30 years (or 360 monthly payments) you’ll pay off a 30-year mortgage.

Your monthly loan payments don’t change — the math simply works out so that the debt is eliminated.

Amortization in Action

Sometimes it’s helpful to see the numbers instead of reading about the process. Scroll to the bottom of this page to see an example of an auto loan being amortized. The table below is known as an amortization table (or amortization schedule), and these tables help you understand how each payment affects the loan, how much you pay in interest, and how much you owe on the loan at any given time.

Sample Amortization Table

The table below shows the amortization schedule for the beginning and end of an auto loan. This is a $20,000 five-year loan charging 5% interest (with monthly payments).

To see the full schedule or create your own table, use a loan amortization calculator.

Looking at amortization is extremely helpful if you want to understand how borrowing works.

True cost of borrowing: With a detailed picture of your loan’s components, you can clearly see how much you really pay in interest – instead of focusing on a monthly payment. Consumers often make decisions based on an “affordable” monthly payment, but interest costs are a better way to measure the real cost of what you buy. Sometimes a lower monthly payment actually means you’ll pay more in interest (if you stretch out the repayment time, for example).

Decision making: You can also decide which loan to choose when lenders offer different terms (how much could you save with a lower interest rate?). You can even calculate how much you’d save by paying off debt early – you’ll get to skip all of the remaining interest charges on most loans.

To visualize amortization, picture a chart (your loan balance is the vertical X axis and time is the horizontal Y axis) with a line going down and to the right. With shorter-term loans, the line is more or less straight. With longer-term loans, the line gets steeper as time goes on.

How to Amortize Loans: Calculations

There are several ways to get amortization tables (like the one above) for your loans:

  1. Build your own table by hand.
  2. Use an online calculator, which will create the table for you.
  3. Use spreadsheets to create amortization schedules and help you analyze loans.

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Online calculators and spreadsheets are often easiest to work with, and you can often copy and paste the output of an online calculator into a spreadsheet if you prefer not to build the whole model from scratch.

The monthly payment: With an amortizing loan, figuring out the payment is just math. The payment is based on the amount of the loan, the interest rate, and how many years the loan lasts. Those three ingredients work together to affect how much you pay each month and how much total interest you’ll pay.

Lowering the interest rate can lower your payment, and it helps you save money. Stretching out the loan over a longer period of time will also lower your payment, but you’ll end up paying morein interest over the life of the loan.

To amortize a loan, use the table above as an example, and complete the following steps:

  1. Note your starting loan balance: $20,000
  2. Figure out the payment (calculation shown on this page): $377.42
  3. Figure out the interest charge for each period – usually monthly (calculation shown on this page): $83.33 in the first month
  4. Subtract the interest charge from your payment – the remainder is the amount of principal you ll pay that month: $294.09 in the first month
  5. Reduce the loan balance by the amount of principal you ve paid: you owe $19,705.91 after your first payment
  6. Start over with the following month: $19,705.91 is the loan balance in the second month

Types of Amortizing Loans

There are numerous types of loans available, and they don’t all work the same way. Any installment loan is a loan that amortizes: you pay the balance down to zero over time with level payments.


Various Funding Sources for Home Modifications, loan modifications.#Loan #modifications


Various Funding Sources for Home Modifications

Vocational Rehabilitation Program

Independent Living Center: Title VII Part B

Home Modification Loan Program

The Massachusetts Assistive Technology Loan Program (ATLP)

Other State Agencies with Home Modification Resources

Department of Developmental Services (DDS)

Catastrophic Illness in Children Relief Fund (CICRF)

Mass Housing, Home Improvement Loan Program

Regional Organizations with Home Modification Resources

Federal Agencies with Home Modification Resources

U.S. Housing and Urban Development; Community Development Block Grant Program (CDBG)

U.S. Department of Agriculture, Rural Development; Home Improvement Loans and Grants

Department of Veteran’s Affairs

Homes for Our Troops

Disability Specific Organizations

These organizations offer a range of resources and may or may not have resources specifically related to home modifications.

Muscular Dystrophy Association at www.mda.org

  • Greater Boston – Boston (617) 368-9155
  • Central Mass. – Westboro (508) 898-3375
  • Northeast – Beverly (978) 720-2800

Multiple Sclerosis Society, Greater New England Chapter

United Cerebral Palsy (UCP)

Amyotrophic Lateral Sclerosis (ALS) Association of MA

American Heart and Stroke Association

American Parkinson’s Disease Association

Federation for Children with Special Needs

Civic and Religious Organizations

There are many civic and religious organizations that provide help to individuals on a wide variety of issues. You should reach out to those in your community who may know more about what is available in your community. Some examples of these kinds of organizations include:Elks, Knights of Columbus, Shriner’s, Lion’s, Rotary, Masons Grand Lodge


Home Relief Program, loan modifications.#Loan #modifications


loan modifications

Loan modifications

Home Loan Modification Resources

Tell us about your current home loan

What is a home loan modification?

A loan modification is a reduction of your payment by your lender. This new payment is supposed to be affordable for the homeowner and in exhange for this lower payment your bank is now saved the cost and hassle of a foreclosure sale of your home.

The payment is reduced to 31 percent of the home owner’s income to loan ratio, and so the program is therefore only really of any use to those home owners who have home loan payments that exceed 31 percent of their monthly income.

The goal of a home loan modification is to help home owners who find themselves unable to meet current home loan payment obligations by renegotiating interest rates, financing rates, deferred payments or to exit the obligation to avoid foreclosure. Read more about the requirements to qualify for a home loan modification.

Your bank has a lawyers working for them. And so should you…call for your free consultation.

What is the point of a home loan modification?

If protecting your credit score is a factor in your decision to make a home loan modification, then home owners who are delinquent on their home loan payments should note that they have already experienced an impact on their credit score, however this impact is significantly lower than the impact that a foreclosure will have. Working with a home loan modification lawyer can help home owners to maintain their property and prevent their credit score from taking any additional hits.

The specific effect of a loan modification on your credit score depends on how the bank reports the modification to the credit bureau. It is possible and advisable to request that the bank report the change to the loan as a loan adjustment, showing on your credit report as a new loan with a lower payment and no increase in the debt structure. Reporting that the modified payment agreement is current will also help to protect your credit rating during the ‘trial modification’ phase of the home loan modification.

The specific effect of a loan modification on your credit score depends on how the bank reports the modification to the credit bureau. It is possible and advisable to request that the bank report the change to the loan as a loan adjustment, showing on your credit report as a new loan with a lower payment and no increase in the debt structure. Reporting that the modified payment agreement is current will also help to protect your credit rating during the ‘trial modification’ phase of the home loan modification.

The current mandate as outlined by the Obama administration to reduce foreclosures is a solid plan, but like any new program, there is a learning curve for both the lenders and the borrowers. The party that is usually ahead of the game is a home loan modification lawyer and can often cut through any cloudiness and guide the borrower while helping the lender see the benefits of yielding to a home loan modification, and to see it as a financially positive choice.

In addition, you’ll want to have the experience of someone who renegotiates home loans for a living and knows from that experience and the experiences of previous clients what a proper new home loan should look like for someone in your particular situation. You don’t want to find out after 6 months or a year that your new home loan is still a difficult one to maintain.

Listen to the horror story that this home owner had to go through by submitting an application without knowing all the rules, regulations or options available to her.


Commercial Loan Modifications #bankrate #loan #calc


#commercial loan
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Commercial Loan Modifications

Commercial Loan Review, Inc. (CLR) is the leader in the commercial loan modification and discount note workout industry. Negotiating with your lender on your behalf, CLR can help you:

  • Reduce Principal and Interest payments
  • Extend the term of the note
  • Interest only payments for a period of time
  • Suspend payments for a period of time
  • Stop Foreclosures on distressed properties. Auctions, and Sheriff Sales
  • Facilitate Short Sales
  • Stipulated Foreclosures
  • Extend Balloons
  • Combinations of remedies / solutions mentioned above

Throughout our years in the industry, we have successfully renegotiated commercial notes with workout solutions which are mutually beneficial to both our clients and their lenders. Our expert negotiators have been able to obtain favorable, permanent changes in the terms and conditions of our clients’ commercial loans. Our commercial loan modification program has helped our clients keep their properties, and be able to meet the cost of operations, and put their fears of future late payments and possible foreclosure to rest. We have successfully stopped sheriff sales, receiverships, and foreclosures. This has saved our clients thousands of dollars–and their properties.

Commercial Loan Workout

Many businesses are struggling to meet their obligations on their commercial real estate loans. The staggering number of defaults have influenced many commercial lenders to start renegotiating the terms of commercial notes. Our team of well-trained professionals specialize in commercial loan workout and deferment solutions. We are committed to our clients and their commercial loan workout needs. We have literally saved our commercial property owners from bank foreclosures and have helped them become cash flow positive.

Commercial Loan Review Services

Commercial Loan Review, Inc. (CLR) is dedicated toward helping our clients obtain the perfect loan workout solution customized to their needs. We deliver creative loan workouts which are case-specific. With CLR, you can be sure you are receiving a top tier service for commercial loan modifications. As a result of our success and confidence with our commercial loan workout program, we offer a full guarantee on our services. Our objective is to help clients receive the most favorable commercial loan modification possible.

We are able to perform commercial loan restructuring on:

  • Hotels, Motels, and Resorts
  • Condominium and Apartment Buildings
  • Malls, Strip Centers, and Restaurants
  • Office Buildings and Complexes
  • Industrial, Storage, Warehouse and Manufacturing Facilities
  • Health Care Facilities
  • Mobile Home Parks
  • Land Development
  • And Much More!

The first step toward receiving help with your existing commercial mortgage is to contact Commercial Loan Review (CLR). Contact CLR at: 877-227-2000

You can also choose to fill out the no obligation, free consultation form on the right. Within 12 hours of submission, one of our highly skilled, knowledgeable, friendly and caring account managers will be in touch with you. They will listen to your particular situation, discuss your specific goals for you and your property, review your case for evaluation, and notify you whether or not your case has been approved for our commercial loan workout program.


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Welcome to ModMyRV.com, the only website that s just about making modifications to your RV. It s an online community where fellow RVers and enthusiasts can share the mods they have made to their RVs, or ask questions about mods they would like to do. Have a look around. Surely there is a mod here that you need to do!

Featured Mod

Mod #58: PEX Water Heater Bypass

A water heater bypass is used to, well, bypass your water heater. Why? There are several reasons to mod your plumbing system with a bypass but the most popular is for winterizing. Your RV water heater typically holds 6-10 gallons of water. In order to prevent having to fill

Recent Comments

  • July 9, 2017 on Mod #28: Entrance Assist Handle by Jack Price – Have one to install on an 05 TrailVision that is
  • July 4, 2017 on Mod #9: Generator Install by https://www.youtube.com/watch?v=qZFCh27h4Tg – I would really like to purchase the generator in this
  • July 2, 2017 on Mod #72: Battery Watering System by glistok – The tubing is subject to mold growth and makes the
  • July 1, 2017 on Mod #52: Jack Knife Sofa Replacement by MJG – We replaced our RV jackknife sofa with a futon we
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  • June 23, 2017 on Mod #82: Air Conditioner Hard Start Capacitor by Tim – I installed the SPP6 on my 2006 Dometic 13.5k btu
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Parts for Popular Mods

RV EBooks

by Mark Corgan (Updated: June 2011)

Do you find yourself daydreaming about the next modification you want to make to your RV? Do you pour over the new RV catalogs looking for that little something you can t do without? Do you endlessly search the ModMyRV forums for those topics about how to mod your RV? Does your RV call out your name when your sleeping, begging for you to mod me ? If so, you have what s called MOD FEVER. This ebook is the cure.

ModMyRV News

After many hours of development, we have launched a new website: PowerMyRV.com. We decided to start this website because there are so many questions and misinformation around the RV electrical needs of the luxury RVer to the boondocker, and every RVer in-between. We felt that in order to make an informed decision, you need the right information.

We aim to provide that information in the form of products, reviews and a really cool feature: guest blogging. We invite any and all RVer s to write articles for PowerMyRV that provide your RV power experiences, how-to s, installs and general information. Please visit the Guest Blogger page for more information Read more