Loan

Credit News

Lap Band Surgery Information Dallas Fort Worth, Texas

#lap #band #surgery, #dallas, #fort #worth, #lap-band #cost, #procedure, #laparoscopic #surgery, #weight-loss #surgery, #silicone #band, #stomach #band, #solutions, #obesity, #obesity #surgery, #laparoscopic #procedure #information, #insurance, #surgeon, #how #much #does #it #cost,


#

NIRMAL JAYASEELAN

Dr. Jay grew up in Lubbock, Texas and received his bachelor’s degree in Electrical Engineering from Texas Tech University. After a short career as a systems engineer, he went to medical school at Texas Tech University Health Sciences Center, where he obtained Honors in Surgical Research for a study on shock under Dr. Tom Shires.

Dr. Jay completed his General Surgery Residency at Oregon Health Sciences University. He was trained by Dr. Don Trunkey (world-famous trauma surgeon), Dr. Lee Swanstrom (President of SAGES, a laparoscopic society), and Dr. John Porter (editor of the Yearbook of Vascular Surgery).

One of the most experienced LAP-BAND surgeons in the nation, Dr. Nirmal Jayaseelan has performed more than 5,000 weight loss operations. Based at Medical City Dallas for the past 10 years, his practice has every resource to care for the most complex bariatric patient. Dr. Jay readily accepts complex bariatric consults from all over the world, including Mexico, Nigeria, and Barbados. He is long established in bariatrics and has been voted best bariatric surgeon in Dallas every year since the inception of the category in D Magazine.

Laparoscopic weight loss surgery in experienced hands offers the patient many benefits while keeping the risks very low. Dr. Jayaseelan has a single peri-operative mortality rate in more than 3,500 non-revisional cases. He has operated on patients ranging in age from 11 to 79, some who weighed more than 750 pounds.

Dr. Jay is also considered a foremost expert in LAP-BAND surgery. A minimally invasive surgery, 99% of his patients return home the same day and back to work in just three days. Weight loss is gradual, about six to eight pounds per month and 60 to 80 pounds per year. The band offers minimal long-term complications relative to the gastric bypass.

A major advantage of Dr. Jayaseelan’s practice is the world-class surgeons who have been covering his practice for the past 10 years at Medical City Dallas. Patients also benefit from Dr. Jay’s insistence upon patient compliance through numerous follow-up visits, support groups, and other post-operative care opportunities. Follow-up is the key to success with bariatric surgery, and this is where Dr. Jay’s practice excels. His experienced staff ensures every patient receives compassionate and individualized care. A multidisciplinary approach of nutritionists, psychologists, and former patients helps ensure success.

He is board certified by the American Board of Surgery, a Fellow of the American College of Surgeons, and a member of the Texas Medical Association and Dallas County Medical Society. He is also a member of the American Society of Bariatric Surgeons. Assisting Dr. Jay in his practice are Drs. Ronald Aronoff, Ward Lane, John Winter, and Christopher Bell.

Dr. Jay was selected one of the Best Doctors in Dallas by D Magazine in 2005, 2006, 2007, 2008, 2009 and 2010.


10 Ways to Settle Your IRS Tax Debts For Less Than What You Owe – Defense Tax Group, how to find out how much you owe the irs.

#How #to #find #out #how #much #you #owe #the #irs


#

how to find out how much you owe the irs

How to find out how much you owe the irs

10 Ways to Settle Your IRS Tax Debts For Less Than What You Owe

Do you Find dealing with the IRS frustrating, Intimidating and Time-consuming. You’re not alone.

How to find out how much you owe the irs

While taxpayers may always represent themselves in front of the IRS, many turn to professional tax help (specialized IRS Tax attorneys, CPAs, and Certified Tax Resolution Specialists) in order to maximize their chances of winning a tax settlement while minimizing their contact with the IRS agents. Owing the Internal Revenue Service (IRS) money is intimidating to most people. The IRS has the power to garnish your wages, seize your assets and place a lien on your property in order to obtain the money that you owe them. However, these actions can be prevented by communicating promptly with the IRS about your situation. The IRS is usually willing to work with taxpayers, and there are several options available so that you may resolve your debt issues.

10 Ways to Settle Your IRS Tax Debt

1. Installment Agreement:

2. Partial payment installment agreement:

How to find out how much you owe the irs

3. Offer in Compromise:

4. Not currently collectible:

5. Lower Your Debt With Credit Card Debt Settlement:

How to find out how much you owe the irs

There are two methods of credit card debt consolidation: through a credit card debt settlement company or on your own. Credit card debt settlement companies should be avoided. They collect your payments for months before making a settlement offer if they make an offer at all. Meanwhile, you continue receiving collection calls and negative payment marks on your credit report. You ll get better and faster results settling debts on your own.Final credit card debt settlement agreements should be in writing. Either draft an agreement of your own or have your credit card company send you an agreement. Make sure you and someone from your credit card company have both signed the agreement before you send payment.

6. File bankruptcy:

Income tax debts may be eligible for discharge under Chapter 7 or Chapter 13 of the Bankruptcy Code. Filing for bankruptcy is one of five ways to Tax Debt Relief, but you should consider bankruptcy only if you meet the requirements for discharging your taxes. Chapter 7 provides for full discharge of allowable debts. Chapter 13 provides a payment plan to repay some debts, with the remainder of debts discharged

How to find out how much you owe the irs

7. Release Wage Garnishments.

8. Stop the IRS from Levying Your Bank Account.

9. Innocent Spouse Relief.

How to find out how much you owe the irs

10. Pay Attention to the Expiration of the Statue of Limitations.

This is a useful tool because you can file for a collection appeal to stop an IRS levy, lien, seizure or the denial or termination of an installment agreement. The collection appeal gives you the opportunity to explain how you think the situation could be solved without the IRS levy or seizure.


Philadelphia Medical Malpractice Lawyer Max Kennerly, how much is malpractice insurance for nurses.

#How #much #is #malpractice #insurance #for #nurses


#

Litigation Trial Lawyer Blog – Legal articles by personal injury attorney Max Kennerly

Philadelphia Medical Malpractice Lawyer Max Kennerly

Only about 380 Philadelphia medical malpractice lawsuits are filed every year, and only about 25 jury trials are held. A very small number of lawyers and law firms actually have experience in this field. I ve filed, litigated, settled, and taken to trial medical negligence cases since the beginning of my career, including everything from birth injury, to cancer misdiagnosis, to surgical mistakes. I ve worked with medical experts in a wide variety of specialties, including neurosurgeons, heart surgeons, emergency medicine physicians, oncologists, radiologists, hospitalists, and family physicians. I ve also cross-examined experts of the same specialties hired by defense lawyers and malpractice insurance companies.

What Is Malpractice?

Malpractice is the same thing as negligence. The only difference is that the law uses malpractice when discussing a licensed professional, like a doctor. A doctor commits malpractice or is negligent when their actions don t meet the standard of care. The standard of care is defined by what a reasonable doctor must do when seeing a patient with those signs, symptoms, and medical conditions.

What Does A Medical Malpractice Lawyer Do?

A medical malpractice lawyer represents patients in claims against a nurse, a doctor, or a hospital. Lawyers typically do at least these seven things:

  • Review the case to identify whether there is a reasonable probability of success
  • Pays all expenses for the case (such as expert witness fees, court reporting fees, and court filing costs), and is reimbursed for those costs if the patient wins a settlement or verdict
  • Finds a qualified expert witness to review the medical records and the patient s story (usually, the expert witness must be a physician) in the same specialty as the potential defendant
  • Files a complaint in court, and handles any court motions or hearings
  • Uses discovery to investigate the claim, such as by serving subpoenas and conducting interviews under oath (called depositions )
  • Works with the expert witnesses, such as physicians, nurses, life care planning experts, and economists, to develop the case for presentation at trial
  • Handles trial of the case, including jury selection, hearings with the judge, and the questioning of witnesses

The Most Common Examples Of Med Mal Lawsuits: Misdiagnosis, Surgery Mismanagement, Birth Injury, and Medication Errors

In my experience, there are four main types of medical negligence.

Misdiagnosis (including delayed or wrong diagnoses) comprises up to one-quarter of all malpractice claims, with colorectal cancer, breast cancer, and prostrate cancer being the most commonly misdiagnosed conditions, so much so that medical negligence insurance companies have developed screening algorithms for all three. In many cases, a physician like a family physician, gastroenterologist or internist simply failed to follow up on subtle but revealing signs of cancer like anemia, bleeding, or low hemocrit levels and order a workup of blood tests. Cervical cancer and skin cancer are also unfortunately common, often because many gynecologists and general practitioners dismiss patient concerns as ordinary complaints instead of stepping back and considering each medical issue on its own merits. Read more about misdiagnosis and failure to diagnose malpractice lawsuits.

Surgery mismanagement is the next most common form of malpractice claim. Although some surgery malpractice lawsuits involve a simple technical error by a surgeon — such as a general surgeon, orthopedic surgeon, or neurosurgeon performing a technique improperly and thereby injuring the spine or adjacent organs — in our experience most claims arise not just from a surgeon making a mistake in the middle of the procedure but from the hospital and staff as a whole failing to follow appropriate protocols to prepare for surgery, to monitor patients for complications during surgery, and to ensure patients recover safely. For example, many serious injuries arise in the post-operative period when the staff fails to notice hemorrhaging or when the physicians fail to take appropriate steps, like administering steroids, to prevent vision loss or blindness after major surgeries. Even common procedures like gallbladder removal are not immune from these mistakes. (This problem is nothing new. For more about this issue, read this decade-old article in The New Yorker.)

Birth injury cases involve failures by obstetricians, midwives, nurses or hospitals to appropriately diagnose and to treat complications that arise during birth. We are intimately familiar with obstetrics — I personally spent 78 days in the Neonatal Intensive Care Unit (NICU) with my own premature twins — and we know what fetal heart rates should indicate a problem, how shoulder dystocia should be managed when a baby gets stuck, when an emergency c-section should be ordered for fetal distress, when cerebral palsy was avoidable, and why babies are referred to head cooling for hypoxic-ischemic encephalopathy or to extracorporeal membrane oxygenation (ECMO) for meconium aspiration. Read more about cerebral palsy malpractice lawsuits.

Medication errors are as simple and often as devastating as they sound. In 2008, for example, I and another attorney at the firm tried a case in which a woman was needlessly given an antibiotic to which she was allergic — despite telling three nurses and her doctor about the allergy and having a red armband that say, in large capital letters, that she was allergic. Sometimes patients are given the wrong medicine. Many times, patients are accidentally given extraordinary overdoses of anesthesia, insulin, heparin, and other common medications. Other times, the doctors and nurses fail to monitor a patients blood lab values to ensure that the patient s dosages of powerful medicines like blood thinners are appropriately adjusted for the situation.

Malpractice is sadly quite common, with potentially up to 440,000 patients dying every year. But successful malpractice lawsuits are far less common, and only 15,000 cases result in a payment each year. Having a good medical malpractice lawyer can make a big difference.

We apply our substantial medical knowledge, and substantial medical malpractice success, each and every day investigating, developing, litigating, advocating, and winning our cases. We stay on top of the cutting-edge research and stay in touch with the most qualified expert witnesses. A lot of patients or their survivors come to us just looking for answers, not knowing if they want to file a lawsuit. That’s okay; our expert nurses, doctors, and lawyers will review your case free of charge. If we don’t think the physician or hospital was negligent in their care, we’ll tell you. If we find evidence of negligence or malpractice, we’ll tell you why, and discuss with you your options. If you decide to go forward, we will fight for your right to full compensation, using state-of-the-art litigation and trial strategies and top-notch experts, nurses, economists, and care planners.

If you are a victim of medical negligence, use the below contact form or call us at 1-215-948-2718 for a free, confidential consultation. We represent clients across Pennsylvania, with a focus on our medical malpractice and hospital negligence cases on Philadelphia, Montgomery, Bucks, Delaware, Chester, and Lancaster counties. Similarly, in New Jersey we focus on Camden, Burlington, Glouchester, Salem, Mercer, Ocean, and Atlantic Counties. In Delaware, we focus on New Castle and Kent counties. For certain cases, like wrongful death and childbirth malpractice, we partner with other firms to extend our representation nationwide.

Because the rights of malpractice victims are so important to me, I regularly write about medical malpractice in Philadelphia, Pennsylvania, and New Jersey on this blog. You can read all of my posts here. Here are some of my more popular posts:

About Max Kennerly

I’m a trial lawyer for people who have been seriously hurt. I’m listed in Super Lawyers and Best Lawyers in America. I have a B.A. with Honors from Yale University and a J.D. from Temple University. For the past ten years, my law practice has been devoted to representing injured plaintiffs.

ABA Blawg 100 Honoree

The American Bar Association named this blog one of the Top 100 blogs written by lawyers in 2012, 2013, 2014, 2015, and 2016. Read more on my media mentions page.


Car Insurance Calculator, how much does car insurance cost.

#How #much #does #car #insurance #cost



Car Insurance Calculator

By Kevin Pratt on Tuesday 09 January 2018

In this Article

Ever wondered why everyone pays a different premium for their car insurance? It’s because the amount you are charged for cover is based on a statistical assessment of how much of a risk you pose.

The higher the risk of having your vehicle stolen or being involved in an accident, then the more likely it is your insurer will have to pay out for a claim. Someone with a very expensive or powerful car, for example, will generally pay more than somebody with a cheaper or less powerful car.

Similarly, someone with 20 years of driving experience will tend to pay less than someone who’s just removed their L plates because, statistically, an experienced driver poses a lower risk.

But then these are only rules of thumb, and insurers take several other factors into consideration when setting your motor insurance premiums. So here at MoneySuperMarket, we regularly crunch the numbers behind millions of car insurance quotes to analyse market trends and help you get a solid estimate on your premiums.

What is the cost of car insurance?

According to MoneySuperMarket data (September 2017), the average cost of an annual fully comprehensive car insurance policy is £579. This is an increase of 7% in a year, meaning you will now pay £40 more than a year ago. When you compare this to two years ago, the change is even more significant: the average cost in September 2015 was just £501 and prices have jumped 15.6% (£76) since then.

MoneySuperMarket’s car insurance data monitor analyses the impact of age, gender and location on car insurance premiums to find out how much of a risk different groups are considered to be in an insurer’s viewpoint.

Why are age and location important when calculating car insurance?

Age and location tend to be among the most influential factors when it comes to calculating car insurance quotes.

Age is a big factor for motor insurance premiums, as older drivers are seen by insurers to be less likely to be involved in accident. Generally speaking, this is because older drivers tend to have more experience behind the wheel, whereas younger drivers tend to have less experience. In fact, younger drivers (17-24) make up 25% of claims involving accidents.

Those living in areas with higher crime rates also tend to pay more for cover. If your postcode is in a high-crime area, insurers will inflate your premiums to account for the added risk of your vehicle being vandalised, damaged or stolen.

How to bring down the cost of car insurance

Bear in mind that our car insurance calculator only gives you the average price you can expect to pay. In reality, your premiums could be higher or lower. If they are higher, there are some steps you can take to help bring the cost down.

1. Opting for a lower level of cover is not often the best way: Since many young drivers opt for third party only cover, the premiums for this type have increased significantly. Therefore, it may be cheaper and definitely more cost effective to buy fully comprehensive cover. Read more about car insurance policy types.

2. Pay a higher voluntary excess: Doing so typically earns you a lower premium as the insurer will be left with a smaller bill. However, you must not set your excess at a higher level than you can actually afford, because you will have to pay it in the event of a claim.

3. Improve your car’s security: Keeping your car parked in a well-lit area or in a driveway overnight and installing insurer-approved security equipment – such as immobilisers or steering wheel locks – reduces the chances of it falling prey to thieves, and insurers should reflect this in their car insurance quotes.

4. Build your no claims discount: For every year you drive without making a claim you can build up a discount when it comes to renewing your car insurance policy. The range of discounts offered are shown in the table below.



How much will life insurance cost me? Ultimate Guide to Retirement, how much term life insurance.

#How #much #term #life #insurance



How much will life insurance cost me?

That depends on your age, your health and the size of the death benefit you want. No surprise that the younger and healthier you are, the lower your premium will be.

Just as a ballpark, a healthy 35-year-old man who buys a 20-year level term policy, which has a fixed annual premium, might pay $430 a year to secure a $500,000 death benefit. A healthy 50-year-old man who buys the same policy might pay $1,300 a year. If he waits until he’s 65, the policy will cost about $7,300 a year.

Premiums for cash-value policies are much higher. For example, the healthy 35-year-old man who pays $430 a year for a $500,000 term policy would pay about $4,400 a year for a $500,000 universal life policy – in part because a portion of that $4,400 is going into the investment component of the policy. That’s a huge difference.

How much term life insurance

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. . All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S P Dow Jones Indices LLC and have been licensed for use to S P Opco, LLC and CNN. Standard Poor’s and S P are registered trademarks of Standard Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices S P Dow Jones Indices LLC and/or its affiliates.

2017 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. .

How much term life insurance How much term life insurance



Compare Cheap Car Insurance Quotes, how much is car insurance.

#How #much #is #car #insurance



Car Insurance

Save up to £273 on your car insurance*

*51% of customers could save up to £273.83 Consumer Intelligence, November 2017

How much is car insurance

Insure your car with Admiral and get £30 cashback

If you take out car insurance with Admiral through MoneySuperMarket between 14 January and 4 February 2018, you’ll be eligible to receive £30 cashback.

The offer will be paid on new policies only and is not available on renewals if you already have car insurance with Admiral Group, which includes the Diamond, Elephant and Bell brands.

You have to hold the policy for a minimum 14 days, and the cashback will be sent to you within 90 days of your policy’s start date. For more information and full T Cs click here

COMPARE CAR INSURANCE

How to get a car insurance quote

To get an accurate quote you will need to provide certain details about your car, including:

  • Registration number
  • Make and model
  • Age and value
  • Any modifications made

This information allows us to understand which insurance group your car belongs to, in order to complete the insurance quote. You can find out which group your car belongs to using this tool.

Information about you

You will also need to include information about your job, age, and where you live, along with details of your driving history (including any convictions and claims).

Named drivers

The names and licence details of anyone who will be driving your car need to be provided.

No Claims Discount (NCD) history

Details of your no claims discount will help lower the price you are quoted. You can find out here how many years’ no claims discount your insurer will honour.

How much is car insurance

How much is car insurance

How to reduce the cost of car insurance

MoneySuperMarket data shows the average quoted premium for an annual fully comprehensive car insurance policy is £579 (September 2017), up 7.5% on the previous year. This increase in premiums makes it more important than ever to compare the best car insurance prices.

Here are our top tips on how to reduce your premiums:

Don’t auto-renew: UK motorists lose around £2.37bn by rolling over their policies with the same insurer every year.

Compare quotes: Market research company, Consumer Intelligence, found that 51% of customers who search for car insurance through us could save up to £273 on their annual premium*.

Increase your excess: Insurers are likely to reduce the cost of cover if you increase your excess. Just make sure your excess is affordable. Read our voluntary excess guide.

Build a no claims discount: Most insurers reward drivers for claims-free driving.

*51% of customers could save up to £273.83 Consumer Intelligence, November 2017

What do our customers think of us?

Customer satisfaction rating

**Based on 5500 reviews in the last 12 months – Read all reviews

What types of car insurance policy are available?

Third party provides the lowest level of car insurance cover. It insures you against damage to another person’s car or injury to them, however it doesn’t cover your car should it need to be repaired or replaced.

Third Party Fire and Theft

With third party, fire and theft you have additional cover to repair or replace your car if it’s stolen, damaged or destroyed by fire.

Comprehensive Cover

Fully comprehensive car insurance offers complete cover for your car and other drivers. This includes third party and third party fire theft, vandalism damage, accidental damage, repairs, and loss of gadgets such as sat nav systems.

Our dedicated guides will help you work out which type of cover is right for you and your motor.

How can we help you save on your car insurance?

It’s our job to find you the best car insurance deal from a wide range of leading UK insurance companies. When you enter your details on our site, we send them to over 120 car insurance brands so they can compete for your business.

We rank the quotes they offer in price order so you can make your selection.

“I got a very good quote for car insurance from MoneySuperMarket.”

“Saved over £300 on my car insurance renewal quote.”

“MoneySuperMarket quickly helped in finding me a much cheaper car insurance – Thank you.”

“Managed to reduce my motor insurance costs by more than fifty per cent with MoneySuperMarket. Very pleased!”

CAR INSURANCE GUIDES

Classic car insurance

Compare classic car insurance quotes online

Student car insurance

Study our student car insurance service

New driver insurance

Get a good deal on your first car insurance policy

European car insurance

Find a policy that covers driving on the continent

Teenage driver cover

Get a good price on teenage car insurance policies

Car insurance guide

MoneySuperMarket s definitive car insurance guide

Multi-car

A single insurance policy to cover several cars

Temporary car insurance

Get covered for periods shorter than 12 months

Car insurance check

Find out if your current motor insurance policy is valid

Third party only

Compare cheap third party insurance quotes

Young driver insurance

Fight back against expensive young drivers insurance

Business car insurance

Get a specialist Business car insurance policy

Car insurance groups

Find out why the type of car you choose affects the cost of car insurance

Learner driver insurance

Will you need to pay for learner driver insurance on top of tuition fees

Fully comprehensive cover

Find out why the most complete level of cover isn t always the most expensive option.

Excess insurance

Insuring against high excess costs could save you money if you ever have to claim.

Gap insurance

If you re buying a new car, it s well worth considering gap insurance.

Named driver insurance

How adding a named driver can lower the cost of car insurance.

MOTORING NEWS

Fancy a driverless car

Are we ready for the motoring revolution

What is car insurance fraud

And could you be at risk

YOU YOUR CAR

Taking care of your tyres

Tips to ensure your tyres are up to scratch

Beat car depreciation

Selling your car Here s how to get the best price

STREETWISE

Do you know your road signs

Take our quiz to find out

Caravan or motorhome

All you need to know about insurance

We’re 100% independent: working only for our customers

Unlike some of our competitors, MoneySuperMarket is not owned by an insurance company. So we can offer great value, with savings delivered straight to you.

We combine independence, so we can negotiate the best prices, with excellent technology, to find great value products and services for you. That’s what makes us – in our customers’ opinions – the best price comparison website.

Level of service

We aim to show you car insurance quotes from as many insurance companies as possible, so that you can find the right policy for you. Unfortunately, we can’t promise to show quotes from every insurance provider, because not all companies want to be included on comparison websites. We won’t offer you advice or make a recommendation, but we will provide you with all the information you need to help you decide which is the right policy for you. You can find out more about how we work here.

MoneySuperMarket can help you find great deals on your car insurance. From single to multi-car deals, satellite-based telematics policies to insurance for classic cars, we search the market to get the best combination of protection and price. Check out our news and guide pages for more information.



How much help is available? #school #loan


#loan consolidation
#

Loan Consolidation

ATTENTION STUDENTS WITH OUTSTANDING STUDENT LOAN DEBT:

  • Learn what you can do now to save money during repayment.
  • Timing and effective communication with your Loan Servicer is key!

If you don t remember who your Loan Servicer is, don t know your debt balance, or want to review your student loan status, use your SSN, first two digits of your last name, your date of birth and your federal PIN at www.nslds.ed.gov to access your student loan information. If you need assistance accessing your loan records, contact Rogue Central Services .

Loan consolidation allows you to refinance any or all eligible outstanding federal student loans and create a single new loan with one monthly payment. The new loan will have a fixed interest rate, new terms, and may have an extended repayment period of up to 30 years.

Loan consolidation allows you to refinance any or all eligible outstanding federal student loans and create a single new loan with one monthly payment. The new loan will have a fixed interest rate, new terms, and may have an extended repayment period of up to 30 years.

Both the Federal Family Education Loan (FFEL) Program and the Direct Loan Program offer consolidation loans. FFEL Consolidation loans are available from participating Loan Servicers, and Direct consolidation loans are available from the federal government. Alternative consolidation options are also available through private Loan Servicers. However, benefits, repayment options and application procedures vary.

The following information pertains to the FFEL Consolidation loan process. For more information about the Direct Consolidation loan processes, visit www.loanconsolidation.ed.gov .

Consolidation loans are not for everyone. Several elements generate advantages and disadvantages that relate to your current and potential consolidation loan.

Before choosing loan consolidation, review all your options to be sure it’s the right choice for you.

Who is eligible for loan consolidation?

To be eligible for loan consolidation under the FFEL Program, you must agree to the terms and conditions listed on the Application and Promissory Note, which include:

  • You are not enrolled in school, or you are enrolled on a less than half-time basis.
  • You are in the grace period or already in repayment on EACH loan you have chosen to consolidate.
  • If you are in default, you must either make satisfactory repayment arrangements with your current Loan Servicer or agree to repay the consolidating Loan Servicer under an income-sensitive repayment plan.
  • You must agree to notify the Loan Servicer of any address changes.

Spouses may consolidate their eligible loans together.

If I have a direct loan, can I apply for a FFEL consolidation?

Most Loan Servicers will combine Direct and FFEL Program loans. Typically, the Loan Servicer requires the borrower to have at least one underlying FFEL Program loan with them. Some Loan Servicers may consolidate Direct loans for borrowers who have no FFEL Program loans. Check with your current Loan Servicer(s) on individual requirements.

Is there a minimum to consolidate?

Loan Servicers may require a minimum eligible loan amount before creating a new consolidation loan. Because each has specific terms, you should consult with your Loan Servicer prior to consolidating.

*Alternative and non-federally guaranteed loans will not appear on NSLDS. Also HEAL loans and other health professions loans will not appear, but you will want to list these on the worksheet under non-eligible loans.

What If I’m in default?

Even delinquent and defaulted loans may be consolidated. To qualify, you must be in repayment on your defaulted loan (typically three consecutive, voluntary, on-time, full monthly payments), or agree to repay your new consolidation loan under the income-sensitive repayment plan. If you have a court judgment on your federal student loan debt, you cannot consolidate. Contact your Loan Servicer for details.

Will I only have one Consolidation loan?

If you wish to consolidate both subsidized and unsubsidized education loans, your Loan Servicer will create two new consolidation loans in your name — one for each type of loan. Loan Servicers are required to track these loans separately, but will combine both loans for billing purposes; therefore, you will only make one monthly payment.

If I already have a Consolidation loan, may I re-consolidate?

Estimate my new monthly payment under consolidation



Home Loan Repayment Calculator: How Much You Can Afford? #business #loans #for #women


#home loan repayment calculator
#

Tips for your situation

Loan details

You can use this calculator to work out your home loan repayments with different loan sizes, interest rates, loan terms and repayment options.

What interest rate should I use?

You can use the Bank Standard Variable Rate (BSVR) of one of the major banks, less a 0.7% discount.

This is a good rough guide, although it is likely that we may be able to get your a better interest rate than this.

However, to determine what your payments would be if interest rates were to increase, put in an interest rate around 1.5% higher than the current BSVR.

This will help you figure out if you would be able to afford the loan, if rates went up.

What loan term should I use?

Generally, most mortgages in Australia are for a 30 year term. You can choose any term you like even up to 40 years, which is the maximum term offered in Australia.

Please keep in mind the shorter your term, the higher your repayments. However, the faster you pay off the loan, the less interest your will ultimately pay.

Is it better to pay weekly, fortnightly or monthly?

Despite what you might have heard in the media, there is no benefit to paying weekly or fortnightly as opposed to making monthly repayments. Some lenders divide the monthly repayment by two to work out how much you would pay if you were to make fortnightly repayments.

This is actually paying more than the true fortnightly repayments. If you make extra repayments then you will pay the loan off faster and will save money, this is why paying fortnightly appears to give you a benefit.

Making monthly repayments and paying more than the minimum is the most effective way to save money on your mortgage. If this is combined with an offset account you can easily reduce your interest expense without making a noticeable change to your lifestyle.

What does interest only mean?

If you are making interest only repayments then you are not actually paying off your home loan. You are just paying the monthly interest to the bank.

The advantage is that your repayments are smaller. The disadvantage is that you will not actually pay off your loan and ultimately you will pay much more in interest.

Investors often use interest only loans on their investment properties to keep their monthly commitments low and to allow them to use their spare funds to pay off their non-tax deductible debts first.

Can I pay interest only payments on a weekly basis?

The majority of lenders only allow interest only repayments to be made on a monthly basis. There are a few ways around this, however very few people choose to do this as there is no benefit in paying weekly or fortnightly if you are paying interest only.

How can I work out my borrowing capacity?

To do this, first determine how much you would feel comfortable repaying each month, then use a 1.5% higher rate than the current BSVR. This method can help you work out how much you could comfortably borrow without having to change your lifestyle or current spending habits.

This is a simplified method of working out your borrowing capacity. However, you can also use our borrowing power calculator or our mortgage brokers can give you a more exact figure using our software.

We never recommend that you borrow to your limit as this leaves you very little surplus money to spend on holidays or to keep on stand by for unforeseen circumstances.

Speak to a mortgage broker

Our mortgage brokers are here to help you apply for a loan that suits your needs. If you are trying to minimise your loan repayments or pay off your loan as quickly as possible, we can help you develop a strategy.

Please enquire online or call us on 1300 889 743 for more information.



Loan Balance Calculator – Find out how much you owe on your loan. #poor #credit #auto #loans


#car loan calc
#

Calculate your loan balance based on current payment, interest rate and remaining term

What is the balance on my loan?

Additional Information

Credit and the Consumer

While credit stimulates the economy, it does have to be used judiciously. Credit is not money. Derived from the Latin word for “trustworthiness,” credit is based on faith that the borrower will repay the debt with real money. One should not use credit in place of money when there is little or no likelihood that payment in real money will be made using credit without the intent or ability to pay is theft.

Today, credit has become a business in its own right. Credit is issued by banks, savings and loans, credit unions, public utilities, and even merchants. According to the Federal Reserve, there was more than $2.5 trillion of consumer debt outstanding by late 2009 this is more than double the amount outstanding in 1994. This represents hundreds of billions of dollars in interest earnings to lenders. This is why credit card companies aggressively compete to get you to use their credit cards and services. The marketing is so aggressive that consumers may lose sight of the fact that this is not free money and make excessive purchases to the point where they find themselves in financial difficulty.

What Are The Benefits Of Credit?

Without credit, the global economic system would grind to a stop. Credit allows borrowers to immediately buy things they could not afford now. Most persons would not be able to purchase a house without credit. Most young adults do not have sufficient savings to afford the cost of even the most humble of homes. Yet, credit allows them to purchase a home that they can gradually pay off over time as their earnings increase. Without credit, many individuals would not be able to purchase an automobile. Credit also makes it convenient to make spontaneous purchases without the need to carry large sums of cash or checks.

Businesses rely upon credit to manage their cashflow. Manufacturers borrow money to buy raw materials. Merchants buy goods on credit from manufacturers. Consumers buy goods from merchants on credit. Without credit, the process would slow to a halt.

Responsible Use Of Credit

While credit is very important to the economy, its abuse is harmful. Credit is extended with the faith that borrowers will repay the debt. Goods and services are provided on credit with the expectation that they will be paid for with money in the future. Credit makes commerce more convenient. When credit is abused, everyone loses. Credit abuse increases the cost of credit to everyone.

One should never use credit to purchase things for which one will not be able to pay in the future. Many impulse purchases are made on credit with little thought given to how the debt will be repaid in the future. If one calculated the true cost of goods bought on credit, one would have second thoughts about making the purchase in the first place. Here is an example: a new television flat-screen HDTV model retails for $5,000. If purchased on a credit card with a 12% annual percentage rate (APR) compounded daily, and with minimum monthly payments of $166 paid over three years, it winds up costing over $5,980. Is it worth almost $1,000 more to have it now (furthermore, the retail price in 3 years will probably drop)? That is like going into a store that advertised “SALE–ADD 20% TO EVERY PURCHASE.”



Mortgage Affordability Calculator – How Much Can I Borrow? #government #loans


#home loans calculator
#

Your income is the key to how much you can borrow

One of the first questions asked my most people when taking out a home loan in Australia is “How much can I borrow?”

Your income is the key to how much you can borrow. Your home loan lender will look at the amount of income you earn but also the type and regularity. Part-time earnings or overtime will be viewed more favourably if earned consistently over an extended time. There are also several other things to consider including:

  • Present expenses and debts
  • Your borrowing habits
  • The purpose of the loan
  • Location and property type
  • Interest rate and loan term
  • The amount of deposit

As a rough guide, when taking out a home loan in Australia, you can generally borrow between three and four times your total gross income, although it will vary on a case by case basis. The first step is to obtain a home loan quote from your lender. This will help if you are going to auction or need to figure out how much to save for your new home.



How much do Credit Collection Agencies actually buy debts for? # #how #much #do #credit #collection #agencies #actually #buy #debts #for?, #vbulletin,forum,bbs,discussion,jelsoft,bulletin #board,money #saving,martin #lewis,shopping,save #money,insurance,holiday,flight,credit #cards, #loans, #competitions


#

Welcome to the MSE Forums

Forum Social Team

How much do Credit Collection Agencies actually buy debts for? 17th Mar 08 at 2:00 PM

I’m sure this question has been asked a lot but I’m new on the board and can’t find any info on it.

Does anyone know what persentage of the original amount credit collection agencies usually pay when they buy your debt? I believe in the U.S. it’s as little as between 1% and 5%.

This info would be really useful when considering what is feasable to offer in full and final settlement.

Glad you like it!

I would start with a 30 offer.

I had a 1200 debt with Citicards many, many years ago. It was sold on to 1sr Credit and I made a F+F settlement payment of around 400 (can’t remember the exact amount) to the DCA.

anyway, roll on 3 years or so and I decided to claim back the charges. It was less than 200 all in but citicards are very dogged in this area and fight everyone individually – the only people who are it seems. Anyway, I had to go to court 3 times and on the second time it was revealed the DCA had paid 180 for the 1200 debt.

Of course, now I’d go down the CCA route, but it wasn’t something I knew about back then.

And yes, I got the charges back – eventually – the judge got so. ed off with them, he struck out their defence and made them pay the money into court. The court then passed it to me

Last edited by Burlesque Babe; 21-03-2008 at 2:17 PM.

Become Mrs Pepe 9 October 2012

Glad you like it!

Sorry!

There are currently no thanks for this post.

I have seen mentioned on another forum that its between 10 and 30 , depending on the age of the debt, amount, the risk and whether its statute barred. People like Lowells tend to buy statute barred quite cheaply from what I can gather. The above figure seems to come from people who say they are working within DCA industry. Not sure how reliable the info is, or if its any help!

Jan 2016 Grocery Challenge: �184.58/�400 (16/01)

Glad you like it!

Sorry!

There are currently no thanks for this post.

If they don,t have a CCA. DO NOT PAY ONE PENNY.

Glad you like it!

Sorry!

There are currently no thanks for this post.

Sorry, thread closed.

This thread is closed, therefore you are unable to respond.

Sign up for MoneySaving Emails

Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Athletics streaker peace and love written on his front, for mum on his back https://t.co/mntdvZTBcB

Remember children. Cheats never prosper?

Booking.com listed the same hotel with different star ratings and prices

  • Treasury Committee chair demands answers on Childcare Service website

  • Almost 1,000 official complaints lodged about Government childcare website

  • Flow Energy to hike standard prices by 10%

  • Sky customer? Here’s how to get a free Buy & Keep film

    More News

    • A year of fighting to break the link between mental illness and money problems�

    • How to make a tweet/Facebook post go viral � 7 lessons from �You don�t need your polling card�

    • Do I need to show my boarding pass at airport shops? (video & guide)

    • When will your student loan be written off?

    • Should you buy euros/dollars now, before the general election?



    Solar Power & Solar Panels Guide, MoneySuperMarket, how much money does it cost to install solar panels.#How #much #money #does #it #cost #to #install #solar #panels


    #

    Solar Power

    We compare prices from every energy supplier in England, Scotland and Wales to help lower your fuel bills

    How much money does it cost to install solar panels

    Solar Power

    Solar panels can cut your energy bills, and pay you for producing electricity, which makes them an appealing option if your energy costs are going up. But before paying thousands to install solar panels, consider whether your property is suitable, and whether they’ll really cut your bills.

    How much money does it cost to install solar panels

    How solar panels work

    Solar panels harness the sun’s energy through photovoltaic cells. The cells convert sunlight into electricity. You don’t need direct sunlight for the panels to work, as they still generate some power on an overcast day.

    • Cut your carbon footprint – the panels are environmentally friendly, as solar electricity doesn’t release harmful carbon dioxide (CO2) and other pollutants into the atmosphere.
    • Renewable and sustainable – you can’t run out of this type of power.
    • Cut energy costs – sunlight doesn’t cost a penny, once you’ve paid for the panels to be installed.
    • Financial support – solar panels are eligible for Feed-in Tariffs. You earn money for each kWh of electricity you generate, and you get an additional payment for the electricity you export back into the grid.
    • The initial cost – this can be expensive, at thousands of pounds, unless you’re eligible for financial help towards the cost.
    • Dependent on weather – solar panels still produce power on a cloudy day, but the weather may influence how well they work.
    • Your property might not be suitable – you need a roof that’s big enough to fit the panels, and produce enough power. Ideally, your home should also be south-facing. Listed buildings are unlikely to be allowed to install solar panels.
    • Effort – there is a big initial outlay, and building work is required. This will put many people off, when energy is available simply from a range of suppliers.

    Call your local Energy Saving Trust Advice Centre on 0800 512 012 for more information on solar panels.

    The cost of solar panels

    The average 4kWp solar panel system costs around 5,000- 8,000 to install, according to the Energy Saving Trust.

    This can generate around 3,800 kWh of electricity a year, and save around two tonnes of carbon dioxide every year. However, costs vary widely between installers – so get several quotes.

    Before spending thousands installing a system, make sure it’s worthwhile. Check if other energy saving measures could save more, such as switching suppliers, loft or wall insulation.

    Your home must reach band D or higher in the Energy Performance Certificate to be eligible for the highest rate of Feed-in Tariff.

    If you’re unable to install solar panels or you decide against it, cut energy costs by comparing tariffs and switching to a cheaper deal. Make sure you’re on the most competitive tariff, particularly given the rising cost of energy.

    Fitting solar panels

    Tell your buildings insurer: The panels will form part of your home’s structure. This means your insurance could get more expensive, if your insurer decides you need a higher level of cover, particularly if the house needs rebuilding and the panels need replacing.

    Consider separate insurance: Your home insurance won’t guard against any mechanical fault in the panels. If they stop working, check if they’re under warranty. You may need to insure them separately.

    Check the provider: Look out for the REAL Assurance and Microgeneration Certification Schemes (MCS), ensuring you can trust the company. The MCS mark shows that the installer offers high-quality products, while the REAL Assurance Scheme is a consumer code that offers protection.

    How much money does it cost to install solar panels

    Can I compare energy prices if I am on a prepayment meter?

    If you use a prepayment meter, you can still compare energy prices and potentially switch to another cheaper prepayment deal.

    If you are on a prepayment meter, you could switch to a fixed-rate deal and save.

    You can compare your current prepayment tariff to alternative tariff options using our energy comparison tool.



    Termites San Diego: What Are The Costs Of Termite Tenting In San Diego? #cost #of #termite #treatment,free #termite #inspection,fumigation #costs,how #much #does #termite #control #cost,san #diego #termite #tenting #cost,termite #costs,termite #tenting #costs


    #

    What Are The Costs Of Termite Tenting In San Diego?

    Termites are a severe problem in California, and are costing home owners about one billion dollars every year in damage repair. Every building in San Diego needs at the time of sale a clear termite inspection report, and it is advised that you do regular termite control in order to avoid expensive damage repair in the future.

    Costs are many times the primary concern of property owners in need of termite treatment. The costs of termite control in San Diego depend from various factors including the kind of termites you have, the size along with the part of your house that needs to be treated and the extermination method.

    A San Diego termite company will usually set the price in relation to how serious the infestation is. If the termite inspector spots just a few subterranean termites and finds that local treatment could solve the problem then there is no need for you to pay for an entire tenting procedure. Local termite treatment can provide residual protection and is typically less expensive than tenting and fumigating the whole structure.

    The average cost of termite tenting differs widely. Costs vary based on several variables, including the method of treatment and the severity, as well as the location, the accessibility of the infestation, the size of the treatment area (termite control quotes tend to be calculated per sq. ft.), the type of construction, the number of structures that need to be treated (e.g. fences, sheds) and the species of termite that has been found.

    The costs for termite tenting vary depending on these main factors:

    1. How far is the infestation spread throughout your house, and what exactly needs to be done to treat it
    2. The size of your home
    3. The accessibility of your property that may have an effect on the execution of the work

    While costs vary depending on the above, as a rule of thumb you may expect to pay about $1 to $1.50 per sf, so the typical costs to treat a 2,000 sf home may be around $2,000 to $3,000 for a San Diego property. In addition to this you may have costs for packing and moving some of your belongings, your stay during the time where you cannot live in your house, and any costs to repair existing damage.

    Generally speaking, if you have drywood termites, fumigation services cost more than local termite treatment. For subterranean termites, bait systems typically are more expensive than termiticide treatment because bait systems involve monitoring.

    If you have not dealt with termite companies in the past, you may be tempted to select the first company you come across. This however may not be the most cost effective solution. You should rather get two or three quotes so you can get a better idea what needs to be done and can compare prices. You also have the chance to evaluate different companies in terms of professionalism and knowledge.

    While the costs are an important consideration when selecting the best San Diego termite control company, the price should not be your only consideration. It is recommended to compare more than purely the initial expense for termite treatment. You may also want to look at any further costs, for example costs of future termite inspections, or costs to renew service contracts and of course the terms and conditions of the termite company s guarantee.

    Most San Diego termite companies provide free termite inspection, and reputable companies will also include a one or two year warranty against evidence of active termite infestation.



    Where to Find IRS 2016 Form 1040 and Instructions for 2017, how to find out how much you owe the irs.#How #to #find #out #how #much #you #owe #the #irs


    #

    Where to Find IRS Form 1040 and Instructions

    Are you aware that there are a few different kinds of IRS form 1040 and instructions? It’s best to know which income tax form suits with your specific circumstance and lets you declare the earnings, deductions, credits, etc. that relate to you.

    Table of Contents

    The Most Common 1040 Forms and Instructions:

    • IRS Tax Form 1040 (Individual Income Tax Return in the U.S.)
    • The Long Form or Form 1040 (Individual Income Tax Return in the U.S.)
    • The Short Form or Form 1040A (Individual Income Tax Return in the U.S.)
    • Form 1040EZ (Income Tax Return for Unmarried and Combined Filers Who Have No Dependents)
    • Form 1040NR (U.S. Nonresident Alien Income Tax Return)
    • Form 1040NR-EZ (U.S. Income Tax Return for Certain Non-resident Aliens Who Have No Dependents)

    There are various methods to get tax form 1040 instructions. The quickest and most effective choice is to download the tax form to your computer. In addition, almost all post offices and neighborhood libraries have tax forms and instructions available throughout tax season, and forms are also available from a tax center or an IRS office.

    Additionally, you could ask for a tax form to be delivered to you from the IRS by U.S. Mail.

    IRS 2016 Form 1040 is Known as the Long FormHow to find out how much you owe the irs

    Form 1040 is the usual federal income tax form widely used to record an individual’s gross earnings (e.g., income, products, real estate, and services). It is usually referred to as “the long form” since it is more in depth compared to the shorter 1040A and 1040EZ income tax forms.

    Also in contrast to the various other tax forms, IRS form 1040 permits taxpayers to claim several expenditures and tax incentives, list deductions, and modify income. Although the 1040 usually takes more time to fill out, it rewards taxpayers by offering them extra possibilities to reduce their income tax bills.

    The 2016 1040 Form is usually due by April 15th 2017, except if you request an automatic tax extension. Should you not submit by this date, you are usually subject to fines and/or overdue charges. It is possible to ask for a tax extension by sending in IRS Tax Form 4868 by the initial submitting due date (April 15).

    When Getting Ready to Fill out Your Tax Forms

    Even before you start doing your 1040 tax forms, you need to have the following material ready:

    • Valid identification
    • Submitting status and Residency status
    • Social Security Numbers for yourself (and also your partner and any dependents)
    • Birth dates for yourself (along with your partner, plus any dependents)
    • A duplicate of your previous income tax return
    • Documents of salary received (e.g., W-2 , W-2G, 1099-R, etc.)
    • Statements of interest/dividends from finance institutions, brokerages, etc.
    • Evidence of any tax credits, tax deductions, or tax exemption
    • Your checking account number and routing number (for Direct Deposit)

    Keep in mind that IRS Tax Form 1040, with payment amount, is owed by April 15th. A 6-month tax continuance may be allowed (with IRS Tax Form 4868) for overdue submitting, however payments still have to be made by April 15th. You can file Form 1040 by paper mail, via IRS e-file, or by way of a certified tax preparer.

    1040 Tax Form Video by TurboTax

    Get Your Refund Faster by Filing Online

    Filing income taxes online is usually safer, quicker, and simpler ― and you can get your tax refund a lot faster should you opt for the Direct Deposit method. While there are a few income tax forms to pick from when preparing your federal income taxes, a reliable option is to use IRS Form 1040 when you are not sure if you will be eligible for the 1040A or 1040EZ.

    • The standard guideline is: If uncertain, submit Tax Form 1040.
    • You have to submit Form 1040 once any of the following apply:
    • You have taxable earnings of $100,000 or higher
    • You have self-employment earnings of $400 and up
    • You had income tax being taken from paychecks
    • You made anticipated income tax payments, or have overpayment that is applicable to the current tax year
    • You have listed deductions (e.g., mortgage, interest fees, or charitable donation)
    • You generate revenue from a company, S-corporation, partnership, trust, rental, or farm
    • You have sold real estate, stocks, bonds, or mutual funds
    • You are claiming revenue alterations (for tuition, educator fees, relocating costs, or health savings accounts)
    • You got an advance payment for Earned Income Tax Credit (EITC) from a company
    • You have a W-2 that indicates uncollected tax (from tips or group term life insurance coverage), or a W-2 that demonstrates a code Z (earnings from a 409A non-qualified deferred payment program)
    • You owe excise tax on insider stock payment (from an expatriated enterprise)
    • You are a person in debt in a Chapter 11 personal bankruptcy case (submitted after October 16, 2005)
    • You make foreign income, paid foreign income taxes, or are claiming tax treaty benefits
    • You are obligated to repay any further special taxes (e.g., recapture taxes, household employment tax, alternative minimum tax, etc.)

    Help at Tax Time

    How to find out how much you owe the irsWhen you file your taxes online it will be like an interview. They will ask easy to answer questions while filling in the correct tax forms for you behind the scenes.

    The answers you provide will enable them to see which deductions and credits you qualify for. In the event that you are unsure how to answer a question there are tax experts readily available to help you.

    Online tax filing insures that you get the largest refund possible. There s even a free tax refund calculator available that allows you to know the amount of money that you will be getting back.



    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


    #

    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.



    How Much Does Greece Really Cost? #how #much #does #a #car #insurance #cost


    #

    How Much Does Greece Really Cost?

    March 7, 2011 / By NomadicMatt


    Last week, I wrote an article called Five Destinations to Visit for Under $30 USD . One of the places I listed was Greece. which brought a lot of pleasantly surprised comments from readers. Most people never think of Greece as a cheap destination, lumping it in with the other Eurozone countries as overpriced. However, I ve been to Greece twice and think it s a highly underrated budget destination, especially for Europe.

    One commenter didn t agree:

    Greece is definitely not cheap, especially not Athens. Clubs charge around €20 entrance fees. The akropolis is like €25 entrance to walk around. Sure, tavernas are pretty cheap, but once you go up from backpacker hostels and low-end tavernas, Greece is hella expensive. I’m waiting until they get kicked out of the euro and go back to drachmas. There is a reason people go to Turkey instead of Greece. Telling people that it’s on par with Thailand and Bali is just plain misinformation

    And he s right. Traveling that way would make Greece expensive. But traveling that way could make any place expensive. For example, another place on that list was Bali. Bali is a very cheap destination, but if you stayed in the $1,000 USD resorts, it could very well be hella expensive. The same is true in Thailand. The same is true anywhere in the world.

    I m often in New York City. It s not the cheapest place in the world, but it doesn t have to be the most expensive either. Avoid the $200 sushi meals and expensive bars, and you don t have to spend a lot of money. It s all about how you travel. The commenter is right when he says Greece isn t cheap if you go to lots of clubs. It s not cheap if you visit in the middle of July (peak season) and spend your time in Santorini or Mykonos .

    So How Much Do You Really Need?

    The one thing the commenter missed in his argument is that it s about how you travel. Every place can either be cheap or expensive since everyone spends money differently. There s always someone doing it for less, and there s always someone spending more. So I ve created a number of different budgets to give you an idea as to how much Greece costs depending on your travel style :

    (Note: These are daily averages. Some days you ll spend more, some days you ll spend less.)

    Budget #2 The Less Broke Backpacker
    Hostels 10 euros
    Food 7 euros
    Beer 10 euros
    Activities 10 euros (museums and such)
    Total: 37 euros ($45 USD)

    Budget #4 The I Only Have Two Weeks, So I Don t Care Traveler
    Hotel 25–30 euros
    Food 20 euros
    Beer 15 euros
    Activities 20 euros
    Total: 80-85 euros ($108-115 USD)

    Budget #5 The Semi-Luxurious Traveler

    Hotels 50 euros (this amount of money will get you a really nice hotel!)
    Food 25 euros (nice meals with wine all the time!)
    Beer 15 euros
    Activities 40 euros (museums plus day tours)
    Total: 130 euros ($181 USD)

    Notes on the Numbers:

    • I m not including souvenirs in these numbers. That s highly discretionary and variable. Obviously, the more you buy, the more your daily average will be.
    • While alcohol is included, if you like to drink or go clubbing a lot, you re going to spend a lot. Summertime on the Greek islands is a bit hedonistic, so if that s your thing, bring extra money.
    • The prices here reflect the shoulder season. Greece s high season is July and August, and if you re going then, I d add a few extra euros a day to your budget.

    As you can see, Greece, like any country, has a wide range of budget options. You can do it on the cheap, or you can go nuts and spend a few hundred euros per day. It s all about how you travel. But I included Greece in the original article because when people think about Eurozone countries, they think expensive. While that s very true for many countries on the euro, it s not true for Greece. Compare those prices above with prices in Paris or Amsterdam or Rome, where hostels cost 20–30 euros per night, the cheap food is 5 euros, meals cost 10–15 euros, and beer is a lot more than 1–2 euros! I spent less on a hotel room in Athens than I did for a dorm room in Amsterdam. If you re looking for a budget destination in Europe. Greece is the perfect place to go. It may be on the euro, but that doesn t mean it s expensive.

    If you re planning a trip to Greece, consider reading my country and destination guide to the country. I visit every summer, so the information is fresh, accurate, and detailed.

    Want to share your tips and advice? Got questions? Visit the community forum to ask questions, get answers, meet people, and share your tips!



    Donate Home To Church; Get Tax Deduction #how #much #tax #deduction #for #donating #car


    #

    Donate home to church; get tax deduction

    Dear Real Estate Adviser,
    I own a house outright that’s worth a little less than $50,000. I’ve had it since 1977 and rented it out in recent years but have grown tired of the upkeep. I want to donate it to my church. How do I go about that? What amount can I write off as a tax deduction?
    — R. Williams

    More On Donations And Tax Deductions:

    Dear R.
    I applaud your altruistic intent! It can be a win-win scenario to donate your home, enabling you to quickly divest yourself of the hassles of selling a depreciating asset (and the related fees), not to mention losing the property-tax obligation and those pesky upkeep chores, while giving a worthy nonprofit substantial resources to further its cause. Plus a tax deduction. So far so good.

    This type of donation, however, is not always the optimal scenario from a tax-savings perspective. Realize that such a tax deduction comes off your taxable income. not your overall tax bill. For example, if you’re in the 33 percent tax bracket, you’d get around $16,000 credit at most for your just-under-$50,000 donation and probably less, depending on your other deductions and their impact on your total adjusted gross income. Moreover, if your income subjects you to the alternative minimum tax, your gift might be further minimized. You can, however, carry forward a portion of your gift up to five tax years in many instances. For these and other reasons, a consultation with a financial planner, tax accountant, attorney or similarly qualified pro is strongly suggested.

    You will also need to get an independent appraisal of your home to establish value when you donate it. Appraisals by receiving charities are not valid in establishing fair-market value in the gifts of homes, according to the Internal Revenue Service. Your church, however, may be able to recommend an independent appraiser.

    Though you own your home outright, it’s worth mentioning to other potential donors out there who still have mortgages that they would be donating only the equity they have. In fact, some charities won’t take encumbered donations (for example, houses with mortgages) because they can require a quick resale to settle the debt.

    Since there is no debt on your home, you’ll need only to sign over a warranty deed to fully convey it to the church. A quitclaim deed would be used if you still owed money on the house.

    There is one other important consideration. In the case of home or other building donations, charities typically refurbish and resell them. But if you have an emotional attachment to the house, know that there’s no guarantee the old place will remain intact after you donate it. Many smaller, older donated homes such as yours are demolished to make way for redevelopment.

    All those considerations aside, your largesse will no doubt be much appreciated by your church. You will always have what you give.

    Ask the adviser

    To ask a question of the Real Estate Adviser, go to the “Ask the Experts ” page and select “Buying, selling a home” as the topic. Read more Real Estate Adviser columns and more stories about mortgages.

    Bankrate’s content, including the guidance of its advice-and-expert columns and this website, is intended only to assist you with financial decisions. The content is broad in scope and does not consider your personal financial situation. Bankrate recommends that you seek the advice of advisers who are fully aware of your individual circumstances before making any final decisions or implementing any financial strategy. Please remember that your use of this website is governed by Bankrate’s Terms of Use .

    How we make money

    Bankrate.com is an independent, advertising-supported publisher and comparison service. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. This compensation may impact how, where and in what order products appear. Bankrate.com does not include all companies or all available products.

    2017 Bankrate, LLC All Rights Reserved.

    Maximize Your Money. Get Expert Advice Tools. Master Life’s Financial Journey.

    You have money questions. Bankrate has answers. Our experts have been helping you master your money for four decades.

    Our tools, rates and advice help no matter where you are on life’s financial journey.



    Refinance Mortgage – How much to save by refinancing #instant #loans


    #home loan refinance
    #

    Refinance a mortgage at the right time and for right reasons

    Do it yourself!

    What is mortgage refinance?

    With mortgage refinancing, you can replace your original mortgage with a new one with better terms and conditions but the new mortgage should be within your affordable limit. The same property that you used as collateral to secure the original mortgage is used to secure the new loan also. The new loan proceeds are utilized to pay off the existing mortgage. In case there is any remaining money after paying down the original mortgage, that amount can be used to meet other financial obligations.

    Example: Suppose each of the two borrowers A and B took out mortgage loan worth of $500,000. Again, say after 5 years, both A and B paid down $250,000. So, for both these borrowers, remaining unpaid mortgage amount is $250,000.

    Borrower A then took out another loan worth of $250,000, so as to repay the remaining balance on the existing mortgage. This depicts a case of simple refinance.

    Borrower B then took out another loan worth of $350,000. Out of this new loan amount, B used $250,000 to pay down the original mortgage. B could use the remaining $100,000 to meet other financial obligations. This describes a case of cash out refinance.

    The first scenario is a simple refinance while the second is that of a “cash-out refinance”.

    5 Reasons that make refinancing sensible

    There are some strong reasons which make mortgage refinance a very sensible move. Here we delve upon 5 of those –

    • To reduce monthly payment:

    If the mortgage rate is lowered or if the mortgage term is extended, your monthly payment amount gets reduced. With reduced monthly payment, you can pay off your mortgage with more ease. In case the term of the loan is extended, you have to however pay more in interest during the whole life of the loan.

  • To switch from ARM to FRM:

    Fixed rate mortgage (FRM) offers you the certainty of making fixed payment over the term of the loan. Whereas, in case of adjustable rate mortgage (ARM), the monthly payment amount may rise or fall, depending upon the prevailing mortgage rate. So, in case of ARM, the monthly payment amount is not fixed; rather it is uncertain. If you are looking for certainty in payments, then you can convert your existing ARM to an FRM through mortgage refinance.

  • To repay mortgage faster:

    If you want to pay down the mortgage early, then you can shorten the term of the loan. However, here your monthly payment amount increases. Here, over the term of the loan, you save more in interest payments. You also attain property ownership early.

  • To combine two loans into one:

    If you have adequate equity in your property, you can then consolidate your first mortgage and the second mortgage into a single mortgage. The main advantage of this type of consolidation is that the monthly payment on the single loan is less than the combined payments on the 1st mortgage and the 2nd mortgage .

  • To pay off high interest debts:

    If you have sufficient equity in your home, you can opt for a cash out refinance. You can use the remaining money to pay high interest debts such as credit card bills, car loans, installment loans etc.

  • What is the best time to refinance?

    You may not always be eligible for refinancing or the situation may not always be conducive for refinancing. You have to time your move correctly so as to reap its benefits. You need to check out these crucial things carefully before applying for mortgage refinancing –

    • If you have built up equity:

    You may be eligible for refinancing when you have built up equity of at least 10% in your home. However, for mortgages owned by Fannie Mae, the equity requirement is 5%. It is possible to get the refinance approval even with less than 5% equity, but in that case you may have to pay a certain sum of money to compensate for the deficiency in equity.

  • If the refinance rate is sufficiently low:

    If the current mortgage rate is sufficiently lower than the rate on the original mortgage, then it may be wise to opt for refinancing. Here, you need to follow the 2% Rule. As per the 2% Rule, refinancing is beneficial for you in case the refinance rate is 2% lower than the rate on the original loan. Here, the savings accrued from low rate outweigh the costs of the new loan after a certain period of time, which is called the break-even period. To get benefits of refinance, you have to stay in the house at least till the break-even period.

  • If you have removed negative items and paid off debts:

    Before plunging into refinancing, obtain your credit report from the credit bureaus and review it carefully. If you find some negative items such as collections or late payments, dispute those items immediately and get those items removed from your report. Prior to refinancing, pay down as much debts as possible. All these will work in your favor in getting the refinance approval.

  • If you have no late payments in past 1 year:

    If you have history of late payments in the past 1 year, then your refinance appeal may be rejected. So, before refinancing, make sure you don’t have any late payments in the past 1 year.

  • When refinancing is not a good idea?

    Despite the fact that refinance has several benefits, it is not always a good idea to go for mortgage refinancing. There are some cases when your refinance appeal is rejected by the lender or it may not fetch the desired returns. Here are some cases when refinancing is not a good idea at all-

    • If the property value has declined sharply:

    If the value of your property has declined appreciably, the remaining balance on your original loan may be higher than the refinance loan amount. In other words, with the new loan proceeds, you won’t be able to pay down the original mortgage loan.

  • If you have only a few years left on the existing loan:



  • Refinance Calculator: know how much you can save through refinancing #how #to #get #a #business #loan


    #home loans calculator
    #

    Refinance Calculator

    User Rating. ( 37 votes, average: 4.05 out of 5 )

    Should I Refinance Now? Our mortgage refinance calculator tells if you’ll save money, lower your payments save on interest fees. Simply enter information like principal loan balance, and current payment and interest rates to find out if refinancing is the right thing to do now.

    This mortgage refinancing calculator tool compares your existing mortgage against terms of a new loan. To make the most of this calculator, you should have actual mortgage quotes to compare against. You can request up to four free quotes through our free matching service to see what refinance rates are available to you in order to find the best refinance rates.

    * Do not include any escrow contributions, prepaid interest, prepaid taxes, insurance (other than title insurance), or other “prepaids” as closing costs.

    How to use the Refinance calculator

    When using a refinance calculator, you’ll be asked to enter the following information for your current mortgage loan:

    • The original loan amount
    • Interest rate (APR)
    • Total length (repayment term): mortgage loans usually have repayment terms of 15 or 30 years.
    • Time remaining : If you have a 30 year loan, and have made payments for five years, the time remaining would be 25 years
    • Remaining principle on current loan: This is your present mortgage balance. Your monthly mortgage statement should show this information.

    Now you’ll enter the refinancing terms you’re considering:

    • Amount refinanced: This is the amount you want to borrow for your new mortgage.
    • Interest rate of new mortgage: Enter the interest rate for the new mortgage
    • Term length : Enter how long you’ll have to repay the new loan. (Typically 15 or 30 years for mortgage refinancing loans).
    • Cash out amount, if any: Enter any additional cash you’re taking out, for debt consolidation / payoff, home improvement, vacations, medical expenses or whatever.
    • Closing costs, discount points, down payment amount: The refinance calculator displays an estimated amount of closing costs, not including discount points, on the next screen. You can use this estimate if you don’t know the amount of closing costs.

    Use the drop-down window to select the appropriate option for paying closing costs:

    • Paid by cash or check: You’re contributing funds to cover closing costs
    • Rolled into the loan: Your refinanced mortgage amount will include closing costs.
    • Paid by Lender: Your mortgage lender pays the closing costs (but you’ll pay a slightly higher interest rate).

    After clicking the “calculate” button, the first section of the next screen displays a comparison of your current and proposed mortgage amounts, interest rates, and if applicable, any cash out amount and closing costs for the new mortgage.

    The next section compares the interest you’ll pay for the full term of your existing loan and for the new loan.

    The third section of the screen shows your current monthly payment compared to the estimated monthly payment after refinancing. Finally, the calculator indicates the net estimated savings after payment of closing costs (if applicable.) This is the “bottom line” figure that can help you decide whether or not to refinance. You can use the refinance and comparison calculators for reviewing multiple refinancing options.

    Once you’ve tested different rates and figures, try comparing the lowest rates offered by mortgage refinancing lenders. There results are tailored to you, and there’s no obligation for seeing if you qualify for a refinancing rate lower than your current rate. With lenders competing to offer you their lowest rates, you could end up saving thousands over the course of your loan!

    13 Responses to “Refinance Calculator”

      Lauren 12, Aug, 2012

    Staying with your current lender eases the refi process, and may be best if their rate is comparable to the other lenders. If you do have money to invest in closing costs, and are willing to pay for a lower rate, use the refinance calculator to determine how many months it will take before you recoup your closing costs in monthly savings and make sure there is little chance of you selling the home before that time. We wish you well in your search. One of two things will happen, you’ll either find a way to save yourself some money by refinancing now, or you’ll find yourself better prepared to take advantage of the next refinance opportunity that comes your way. Either way you win. Too many people just resign themselves to their current loan and aren’t so proactive at exploring opportunities for improving their situation. Calculators4Mortgages applauds you for being such a proactive manager of your financial affairs.

    Reply MASH 09, Sep, 2011

    I have a april 2004 manufactured home and need refinance my current 15yr mortgage at 4.75%. I am more than 6yrs into biweekly payment and the left over amount is lower than the current value of the house. I was offered a lower rate 15yrs loan but it doesn’t save me anything and extend the period of loan till 2026 which I don’t want. The calculator doesn’t help on biweekly payents started sometime in the middle of last 6yrs. I was also offered no closing cost.Can anybody help me out with this problem. I would like to save money if I refinance. Lower payment but need to have some saving too.

    Reply Cris 24, Feb, 2010

    We part way through both a 1st and a 2ndwith different $ amounts and time remaining. Do you have a calculator that can help us figure out if we should refi both into a new loan.

    Reply Refinance 10, Feb, 2010

    Interesting.

    Reply Jonathon 08, Jan, 2010

    Works great

    Reply ld 13, May, 2009

    cool

    Reply Linda 20, Mar, 2009



    How much would it cost to replace your home? We test two online estimator services #how #much #does #it #cost #to #insure #a #car


    #

    How much would it cost to replace your home? We test two online estimator services

    When considering how much home insurance to buy, the main issue isn’t how much your house is worth on the real estate market. More important is how much it will cost to rebuild the dwelling if it is destroyed.

    Your home’s reconstruction cost may be vastly different than the market value, especially during times of wildly fluctuating housing prices. Too often, homeowners don’t learn they’re underinsured until after a catastrophe, when the payout from the insurance company isn’t nearly enough to rebuild the home.

    My home was less than a mile away from a recent wildfire that swept across the southern and western parts of Reno, Nev. Some 10,000 residents were evacuated and 32 homes destroyed. That got me thinking about whether or not I am underinsured.

    Tools for determining home replacement costs

    I tried two online tools that estimate costs for rebuilding homes:

    HMFacts. a service by Decision Ready Data Solutions Inc. a company headquartered in Orange, Calif. that offers cost-data tools for homeowners, contractors and appraisers.

    AccuCoverage, a service by Marshall Swift/Boeckh headquartered in Milwaukee that is a supplier of building cost information and valuation technology.

    Both websites provide valuation reports based on information you enter about your home, including address, size, number of bathrooms and bedrooms, building quality, amenities, and materials. HMFacts charges $10 for an insurable valuation report, and AccuCoverage charges $7.95 for a replacement cost report.

    My husband and I purchased our 2,305-square-foot, ranch-style suburban house in 2002 for $270,000. By 2006, similar homes in the neighborhood were selling for double that price. Today, some are selling for under $200,000.

    Avoiding the insurance trap

    We didn’t get caught in the trap of thinking we should change the insurance level according to the wildly fluctuating market value. But we also didn’t give our home insurance much thought, other than to pay the premium. We’ve maintained the same amount of homeowners insurance — $228,500 for the dwelling.

    The process for getting an estimate on HMFacts and AccuCoverage takes about 30 minutes each. Entering most of the information – such as the number of fireplaces in your home – is easy. But I had to dig through my files to get a few details, such as the exact year the home was built and the square footage of the patio. I did my best guess for some of the specifics, such as the percentage of flooring covered by carpeting, vinyl and tile, and the percentage of painted walls versus those covered by wallpaper.

    The results? Not pretty

    According to both online sources, we’re woefully underinsured. AccuCoverage estimates total insurable replacement cost without debris removal at $305,162. With debris removal, the estimate is $319,473.

    HMFacts estimates replacement cost at $429,626.

    If the recent wildfire fire had burned our home to the ground and AccuCoverage is correct, we’d face paying at least $76,662 out of pocket to rebuild the house to its former condition. If HMFacts is correct, we’d be out more than $200,000.

    Predicting the replacement cost requires more than making a ballpark guess. Online services like AccuCoverage and HMFacts can help, says Amy Bach, executive director of United Policyholders, an insurance consumer advocacy group based in San Francisco.

    “The more time you spend reviewing and putting in information, the more likely it is to be relatively accurate,” she says.

    But what happens when the estimates vary widely, as they did for my home.

    “Computers don’t build houses,” Bach says. “Contractors do, but you’ve got to start somewhere.”

    Even scarier: We’re not alone

    “Two-thirds of homeowners are underinsured,” says Bach. According to the Insurance to Value Index by Marshall Swift/Boeckh in 2012, 61 percent of homes in the U.S. are underinsured.

    Some people end up with an inadequate home insurance policy because they never receive accurate estimates of rebuilding costs. Others neglect to inform their insurance companies when they add to or remodel their homes. In such cases, insurance policies never account for the upgrades. We may be underinsured because we hadn’t reviewed our home insurance in more than nine years, and construction costs have increased. Or, the original recommendation by our insurance carrier may have been too low.

    Estimates from HMFacts and AccuCoverage only provide reference points, Bach says. United Policyholders also recommends asking a local contractor for an estimate or hiring an inspection/appraisal company.

    “Time is best spent in trying to find a really good insurance agent and staying in touch,” Bach adds. “Running numbers yourself should be a backup to getting a professional opinion.”

    Consider extended replacement cost policies

    Ask whether your insurer offers an “extended replacement cost” policy, which adds a percentage, such as 25 percent or 30 percent, to the insured amount on your home.

    For example, if you have a policy with 25 percent extended replacement cost on a home insured for $100,000, the home insurance policy will pay out up to $125,000 if the house is destroyed. The extra coverage provides a cushion in case the insured amount isn’t quite enough, which can happen, for example, when there is a widespread disaster like a tornado and local costs rise for materials and labor.

    As for my household, I’ll be calling our insurance agent in the morning.

    Copyright 1984-2017 Quinstreet, Inc.

    All rights reserved

    Insure.com is a part of the Insurance.com family

    Disclaimer: The insurance products on Insure.com are from companies from which QuinStreet may receive compensation. Compensation may impact where products appear on Insure.com (including the order in which they appear). QuinStreet does not include all insurance companies or all types of products available in the marketplace.

    To save more,
    tell us who you are!
    I am.

    Copyright 1984-2017 Quinstreet, Inc.

    All rights reserved

    Insure.com is a part of the Insurance.com family

    Disclaimer: The insurance products on Insure.com are from companies from which QuinStreet may receive compensation. Compensation may impact where products appear on Insure.com (including the order in which they appear). QuinStreet does not include all insurance companies or all types of products available in the marketplace.

    Compare home quotes & save!

    Enter a valid US zip code!



    How Much Does It Cost To Build A Garage? The Housing Forum #how #much #does #garage #door #repair #cost


    #

    How Much Does It Cost To Build A Garage?

    There are many factors determining the cost of a garage forcing choices you will have to make that will determine that cost. For starters, there is excavation and preparation of the site followed by the foundation work. This part of the cost will depend on the sq. ft. (SF) but is also affected by weather, soil, and zoning laws. Framing, roofing, windows, doors, siding, and utilities selected will affect a large portion of your investment, even labor costs. The design choices discussed below represent the main factors determining final cost.

    Attached or Detached

    First, do you want an attached or detached garage? If you only plan to use the garage for parking of your vehicles, sort of an enclosed carport, an attached garage is probably a good choice. An attached garage will be less expensive because it involves less work with one wall already standing. In addition, the driveway may already be in place. However, do not assume that the cost ($/SF) will somehow drop by 25%.

    A detached garage means building the entire structure from scratch. However, you may want or need a large space with a workshop, small office, or extra storage. If so, a detached garage is a more expensive but will provide more options.

    The size you choose will be the major factor in overall cost. The minimum size for a single-car garage is about 12 x 20 (240 SF). A two-car garage minimum structure is about 20 x 20 (400 SF). A 3-car minimum is 32 x 24 (768 SF). In all of these cases, assuming that the total space will serve as a garage, there is little room for storage or other activities. In fact, for the one car garage, a large SUV or small truck will be a very tight fit. Go bigger when possible and include additional floor space for bicycles, a lawnmower, garden tools, sporting equipment, or a small workspace at the rear or side. For example, add 4 ft or more to the depth and/or width of the garage for extra floor space.

    Incorporating an upper level or attic will increase total cost but will actually decrease $/SF of usable space. Many garage designs incorporate lofts, a workshop, or an apartment. Even a one-car garage can include loft space, but a two-car garage probably provides a better starting point. One plan for a two-car garage provides 24 x 24 (576 SF) on the first level and includes a loft with 300 square feet of space accessible with a drop down ladder. Expand to 26 x 28 (728 SF) and include full stairs to a 380 SF storage, workshop, or office space. If you have the real estate and wherewithal to build a larger structure, do it and you will not regret it.

    Your selection of materials can have a sizable affect on cost. Going beyond functional and upgrading the quality of materials can bump the $/SF by as much as 15-20%. Addition of windows, a separate entrance, wood siding, better roofing or roof style, designer wood door(s), and other frills will add up quickly.

    What are the numbers you can anticipate? For detached garage, expect quotes in the $40-$50/SF range for no frills construction. This means a 240 SF single car garage will be about $9600-$12000, a 380 SF two-car garage around $15200-$19000, and the 768 SF three-car at $29210-$36400. Upgraded materials can raise this to $50-$65/SF making, for example, the 380 SF two-car garage come in at $19000-$24700.

    For an added loft, use floor space for your calculation, the $/SF should come in at the lower end or even slightly below those for one level. In the example given above, the 728 SF garage and 380 SF loft totals 1108 SF. With some frills, it should cost $35-$45K/SF or $35000-$45000.

    One way to save money is to buy materials, perhaps a kit, and do as much of the labor as you can, contracting out what you cannot do. Excavation and foundation will cost $15-$20/SF, the higher end for northern frosts or poor soil anywhere. In this manner, it is possible to save 15-20% in total cost. In addition, by contracting out the various stages of construction you can pay as you go.

    Author: Darren



    How much does alcohol rehab cost #how #much #does #alcohol #rehab #cost


    #

    Drug and Alcohol Rehab Costs

    Financial Concerns about Drug and Alcohol Rehab

    One of the reasons why people can justify delaying getting help for their addiction is that they feel unable to afford rehab. It is true that this type of treatment can be expensive, and in many instances this will be the best option to help the individual enter recovery. There is a great deal of variation when it comes to the cost of alcohol rehab, and it is still possible to find reasonably priced options. The individual also has to keep in mind that this investment in their life will more than pay for itself in the years to come. In fact the money saved by not using alcohol or drugs will soon cover the costs of even an expensive facility. It is also usually the case that these rehabs will offer an easy payment option – it may not be necessary to pay all the fees right away. Those individuals who really don’t have the money for this treatment may be entitled to state funded rehab.

    Cost of Drug and Alcohol Rehab in North America

    The cost of addiction rehab in the United States has increased significantly in recent year. A decade ago, the average alcohol rehab cost was $1,400, but since then the amount these facilities are charging has sky rocketed. The better known rehab facilities now charge at least $10,000 for treatment. Examples of the cost of treatment at different popular US rehabs would be:

    * Hazelden is one of the most famous addiction treatment providers in the US. They currently charge $28,000 for inpatient treatment (usually 4 weeks) or $10,000 for outpatient treatment .
    * Promises Rehab in Malibu California if a favorite among celebrities. Their inpatient program currently costs about $33,000 for one month.
    * Passages is also based in Malibu California and offers a non-12 Step approach to addiction recovery. The current cost of treatment there is about $45,000.
    * Meadows Clinic in Arizona charges approximately $1,000 per day.

    The less well known rehab facilities will usually charge less, but it can be difficult to find anything under $10,000 these days.

    There are also popular rehab facilities in Canada including:

    * The Top of the World Ranch Treatment Centre is located in the Canadian Rockies. This facility offers a thirty day accelerated program for 13,950 Canadian dollars (which works out at about $13,951).
    * Habitude offers a holistic approach to addiction recovery. This facility is based in Hamilton, Ontario and their programs start from $14,900.

    Cost of Drug and Alcohol Rehab in Europe

    The cost of drug and alcohol rehab in Europe varies between countries. In the UK the average cost of rehab is approximately $1,000 per week. The cost of private treatment is on the rise in Europe and catching up with their counterparts in North America. Some examples of the cost of rehab in some of the better known facilities would be:

    * The Priory is one of the most talked about rehab facilities in Europe. It is located in Roehampton, England and currently charges approximately $4,700 per week .
    * The [Rutland Centre] in Ireland charges 11,500 Euro ($15,000) for their 5 week program.
    * The Nova Vida Recovery Center is based in the Algarve Portugal. Their 32 day treatment program costs 15,750 Euro ($20,000).

    Drug and Alcohol Rehab Asia

    An increasing number of people are looking forward afield for addiction treatment. For some people the motivation for this will be to find quality treatment at a reasonable cost. Other individuals choose to go abroad for rehab because they went to get completely away from familiar temptations. It is also nice to recover in an exotic location because it makes the whole thing far more enjoyable.

    An example of international destination that people are choosing for rehab would be DARA Rehab. This facility is based on the tropical island of Koh Chang in Thailand. Those who are attending this program begin their recovery in one of the most beautiful locations on the planet. DARA is considered to be the leading addiction treatment facility in Asia, but the cost of treatment is very reasonable when compared to the west. They charge considerably less than $10,000 USD for an all-inclusive 28-day treatment program. It would not be possible to find this type of luxury rehab facility in North America or Europe for that price, and this explains why so many people are now willing to make the trip to Thailand in order to escape their addiction.

    Free Drug and Alcohol Rehab

    Paying for rehab can be a financial strain for many people, and their insurance may not cover the type of treatment they are looking for. There are free drug and alcohol rehab options in the US, but there is often a long waiting list and the individual will need to be assessed to decide if they are entitled to this. The reality is that there is no such a thing as free treatment, and if the individual is unable to afford it then the money needs to come from taxed. In many parts of the US the funds available for state funded rehab are not sufficient to meet the need for it. The facilities that the state funded individual will end up tend to be high quality, but this person will probably have little choice about where their sent. They might also have a long wait before a place become available for them in rehab.

    Costs and Benefits of Rehab

    Addiction rehab can be expensive, and in many instances it will be public taxes paying for it. This has led to questions about the cost-effectiveness of sending people to rehab. According to a report issued by the US Department of Health and Human Services the benefits of treatment far outweigh the costs – by a factor of 7 to 1. This is because the economic cost of alcohol abuse is 184.6 billion dollars (this is based on figures from 1998 so the figure may well be higher now). This report goes on to show how every $100,000 spent on addiction treatment saves $487,000 on health care costs and $700,000 on money needed for law enforcement.

    Reasons For Why It Is Worth Paying for Rehab

    There are some valid reasons for why it is worth paying for rehab including:

    * The money that the individual saves from not using alcohol and drugs will eventually cover the cost of this treatment.
    * By paying for rehab the individual is investing in their future. This should put them in the right mindset for making their aspirations a reality.
    * The purpose of rehab is to give the individual the tools they will need to make it in sobriety. It is possible for people to pick up many of these tools without help, but it is much harder to do so.
    * The first few weeks of recovery can be a real struggle for those individuals who are going it alone – it can be hard to fight off the cravings. By going to rehab the individual is supported through this crucial time.
    * Entering rehab means getting away from familiar temptations. The individual will be in a protected environment as they begin to rebuild their life.
    * Even those who are already sober may choose to enter rehab. This is because they realize that time spent in this facility will increase their chance of achieving lifelong sobriety.
    * Getting over an addiction is a serious business because if the individual fails it will have devastating implications for their future. It makes sense that the individual puts all their focus on overcoming the addiction and rehab will allow them to do this.
    * In rehab the individual will be surrounded by the resources they need to build a strong foundation for their future sobriety. Of course it will be up to each individual to make the best use of such resources.
    * The individual in one of these facilities will be constantly surrounded by other people who are on a similar path. This community united by a common purpose can greatly increase the motivation and strength of the individual.
    * Some people describe rehab as giving the individual a running start in recovery. By the time they get home the individual should already have a great deal of momentum going, and this will carry them forward.
    * Early recovery involves plenty of challenges for the individual to face. It may make the process easier if they are in comfortable surroundings – this may be why people choose to go through rehab in exotic locations.
    * Rehab usually offers the chance to experiment with different activities that the individual may pursue at home. This could involve health and spiritual pursuits such as yoga. tai chi. and meditation.
    * The individual can waste years of their life thinking about getting sober. and they may die before they get over this ambivalence. By attending rehab the individual is committing themselves to action.
    * Many of these programs will offer some form of aftercare service. This means that the individual will be supported long after they have left rehab.
    * Many people who attend these programs claim to have developed deep relationships with other clients. Even if they never see these people again it may still continue to have an impact on their life.

    Begin your journey today. Enroll in DARA Thailand’s First Step 7-day Program



    Cost of Sewer Line Replacement – Estimates and Prices Paid #sewer #line #replacement, #sewer #line #replacement #cost, #sewer #line #replacement #prices, #sewer #line, #sewerline, #sewerline #replacement, #sewer #line #replacement #costs, #sewer #line #replacement #price, #cost #of #sewer #line #replacement,how #much #sewer #line #replacement #cost, #average #cost #sewer #line #replacement


    #

    Sewer Line Replacement Cost

    • The traditional dig-up-and-replace method requires excavating a long, deep trench or trenches to remove the old pipes and install new ones. This method can cost $50-$250 or more a foot, depending on the length and depth of the existing pipes, local rates and the ease of access. Replacing an average sewer line from the house to where it connects to the public sewer system typically costs $3,000-$6,000. However, if the project is complex and/or if the connection to the public system is in the middle of the street it can cost $7,000-$25,000 or more. CostHelper readers report paying $4,500-$13,000, or $50-$100 per foot traditional replacement of 50′-100′ of sewer line, for an average cost of $7,493 or $106 per foot.
    • Trenchless sewer replacement uses minimal digging with one of several methods — pipe-bursting, in which a machine breaks and pushes out the old pipe while pulling through and installing a new pipe in its place. Expect to pay about $60-$200 per foot, or $3,500-$20,000 for an average household sewer line depending on the type, length and depth of the existing pipe, plus the cost of any required permits or sidewalk repairs. The trenchless slip-lining method (in which a new, smaller-diameter is installed inside the existing sewer line) or relining (both of which reduce the overall interior diameter of the sewer line) typically cost $80-$250 or more a foot, or $4,000-$25,000 or more for a typical household sewer. CostHelper readers report paying $6,000-$12,000 or about $92-$238 per foot for trenchless sewer repair, with an average cost of $8,900($162 per foot).
    • Smaller projects generally cost more per foot. To replace sewer lines less than 50′ long, CostHelper readers paid $5,500-$6,800 or $148-$550 per foot for traditional trenching projects, at an average cost of $6,167 or $232 per foot.

    Related articles: Septic System. Septic Tank Cleaning. Replacing Copper Pipes. Unclogging a Toilet

    What should be included:

    • Traditional dig-and-replace sewer work can require a lot of invasive excavation and result in a patched-up yard, but can be a relatively simple project; an excavator digs up the old pipes, new ones are installed and the trench is refilled. A California plumber provides a video of replacing old clay piping using traditional methods [1 ] .
    • Trenchless methods are usually faster than the traditional approach, but require at least some digging, usually at each end of the existing pipe and anywhere in-between where it bends or turns. A video by the manufacturer US Trenchless illustrates the pipe-bursting process [2 ] while one by a New Hampshire plumbing company explains sewer pipe relining [3 ] .
    • Sewer pipe installation or replacement generally requires a permit; check with the local building department or make sure the contractor is handling all needed government approvals and paperwork.

    Additional costs:

    • Many companies first do a video camera inspection of the pipes at a cost of $100-$800 but with an average price of $250-$550, depending on local rates and the total length of the pipes; often this amount will be deducted from the final bill if the same contractor replaces the sewer line.
    • Ask detailed questions about what condition the yard will be in when the project is completed. Replacing (lawn, trees, shrubs, flower beds) displaced or damaged by traditional trench digging can cost $50-$5,000 or more, depending on how much is involved.

    Shopping for sewer line replacement:

    • Replacing a private sewer line can be done by a plumber, sewer contractor or general contractor; get a variety of quotes because they may differ in both price and available equipment. The City of Portland, OR, provides an overview for installing a private sewer line [4 ] .
    • Check with the sewer department to see if it maintains a list of local contractors or, for larger projects, search for local members of the Plumbing Heating Cooling Contractors Association [5 ] .
    • Ask about training and experience; request (and check) references; confirm that the company is properly bonded, insured and licensed [6 ] ; and see if there are any complaints with the Better Business Bureau [7 ] .
    • Request a detailed bid (not just an estimate) in writing, clearly describing all the work to be done and the materials to be used, who is paying for and obtaining required building permits, the total price for the project and the estimated start and finish dates.


    Online Driving School – Affordable, Safe, Easy #driving #school, #online #driving #school, #driving #school #online, #cheap #driving #school, #best #driving #school, #affordable #driving #school, #safe #driving #school, #how #much #is #driving #school, #dmv #approved, #traffic #ticket #dismissal, #insurance #discount, #point #reduction


    #

    Online Driving School with I Drive Safely

    • Quality up-to-date course curriculum.
    • Satisfy your traffic ticket and insurance discount requirement.
    • Refresh your driving skills with our quality online courses.
    • Certified instructors available 24/7 for customer support.

    Don’t waste your precious Saturday in a classroom. For a fast, convenient, and reliable way to take your driving school class, choose online!

    What is Online Driving School?

    An online driving school class will teach you driving safety, current driving laws, and defensive driving techniques. But rather than sitting in a boring classroom for 8 hours, listening to mundane lectures and flipping through black-and-white texts, with online driving school you can enjoy interactive, entertaining lessons-on your own time.

    Topics covered in an online course include:

    • Review of current traffic laws
    • Valuable defensive driving techniques
    • Risks of DUI, distracted driving, or other impairments
    • How to handle driving emergencies
    • Car basics

    Who Should Take Online Driving School?

    Whether you’re a new driver, an experienced driver looking to save some cash, or you recently got a ticket, online driving school can help.

    New drivers who need to meet a classroom drivers education requirement to get their drivers permit or license can choose to take an online driving school class. With fun lessons, quizzes, and practice tests, you’ll learn everything needed to pass your written driving exam.

    In some states, insurance providers offer up to a 10% rate reduction when you complete a defensive driving course. Therefore, taking a driving school class online is an easy way to reap the benefits of lower rates! This is especially helpful for mature drivers who have clean driving records and want to freshen up their knowledge of ever-changing traffic laws.

    And for those drivers who’ve made a mistake and want to preserve their record, an online driver education class is the way to go. Regulations vary from state to state, but taking a driving school class online can be a hassle-free way to remove points or a ticket from your record, and prevent your insurance premium from skyrocketing.

    How to Take an Online Class

    You won’t believe how easy online driving school can be. You can choose to log in to your course using any computer with an Internet connection – your schedule is entirely up to you!

    Study and learn at your own pace with unlimited logins. Your spot is saved so you’ll start again exactly where you left off. And with an online course you can rewind and review lessons over and over again.

    Why Is Online Better?

    Online driving school is designed for success. Unlike a classroom driver education course, online driving school gives you the freedom to study, learn, and pass the class at your own pace. It doesn’t matter which state you received your ticket in, or what kind of schedule you have. Drivers from Arizona to Texas to Florida and beyond can clear their driving records without the hassle of attending a classroom course or rearranging their daily lives to study on a strict timeline. We offer flexible, convenient driving school courses for California, Michigan, New York, Virginia, Kentucky. in fact, we have more state approvals than any other online provider!

    Other Unique Benefits Include:

    • Interactive engaging lessons
    • Entertaining animations audio version
    • Unlimited logins
    • Up-to-date materials accurate information

    Why Choose I Drive Safely?

    Choosing a cheap online driving school isn’t an ideal way to find the right driving school. It’s important to select a reliable, state-approved provider when you’re shopping around. When you take your online driving course with I Drive Safely you’re choosing a hassle-free, award-winning online class that’s guaranteed to meet all your requirements.

    You can be 100% confident in your choice, knowing you’ll find our state approvals right on our homepage. Once you finish our online driving school class with I Drive Safely we’ll process your completion certificate the same day and ship it out to you at no charge! Plus, you can get help anytime, anywhere. Our friendly and helpful customer support team is available 24/7.

    Share this article:

    100% Satisfaction Guarantee

    It is important to us that you are satisfied with your purchase. If you change your mind about the course, we’ll refund the full cost of the course purchased on our website within thirty (30) days of purchase and before you have attempted to complete the final examination (or the quiz of the last chapter, where applicable) or a certificate has been issued whichever comes first. No refunds will be issued for failure to pass the final examination. We will issue your refund within thirty (30) days of your request.

    Please check the terms and conditions (you will find this at check out) as state specific policies may apply.



    How Much Student Loan Debt Is Too Much? US News #www.loans


    #student loans payment
    #

    How Much Student Loan Debt Is Too Much?

    Before you start taking on loans to pay for your degree, you need to know how much student loan debt you can afford.

    “So, my student loan payments are more than my monthly rent?” exclaimed my sister-in-law, Kari. “More than a mortgage payment, to be honest,” I replied.

    Kari is finishing up her junior year of college in May and was curious about what life after college would like like. She brought her student loan balances and I brought my financial calculator. Within minutes I had drawn up a mock budget, the results of which were sobering. Student loan payments represented her biggest monthly expense, and certainly would create a strain on her finances should she move out on her own.

    The good news is that my sister-in-law is ahead of the curve. She still has time to make plans to deal with her loans before they start caving in on her. Many college graduates wait for their first loan bill before they become aware of the size of their student loan payment.

    According to a recent study by NERA Economic Consulting, 40 percent of college graduates with federal loans couldn’t recall receiving any consultation with regards to their student loan debt. One of the most stunning findings was that respondents thought they understood their finances while in college, but their understanding deteriorated upon graduation.

    Too many students walk into the financial aid office, receive a promissory note, and assume a future starting salary will be more than enough to cover repayment. However, loans are granted with the expectation the borrower knows how much debt is too much. Before you start taking on loans to pay for your degree, you need to know how much student loan debt you can afford.

    Your Budget with $25,000 in Student Loans (72 percent of student loan borrowers). While no one wants to pay student loans, $25,000 in education debt is manageable for the average professional earning $30,000 to $40,000 .

    Depending on a student’s eligibility, most (if not all) of this debt would be in government loans. Based on a 20-year term, installments would be around $150 per month. Looking at consumption data from the Bureau of Labor Statistics, it’s about the same amount the average household pays in a year for a used car. It’s slightly more than one-tenth of the average housing expense.

    Your Budget with $50,000 in Student Loans (16.5 percent of borrowers). This is where graduates really start to feel the burden of student loans. Monthly payments are around $450, largely because private loans are necessary above $31,000 in tuition costs.

    It would be a tight budget for someone earning between $40,000 and $50,0000. Student loans would be a large portion of the budget. You’d be paying about as much for loan payments as you would for food. Food is usually the third largest category in a household’s budget. Your monthly loan repayment would be about a third of what you are paying in housing costs.

    Your Budget with $75,000 in Student Loans (6 percent of borrowers). The average college graduate would probably need to move back in with mom and dad at this point. It’s either that or find lots of roommates.

    You would likely be paying about $750 per month in student loans. The average graduate with a four-year degree earns about $43,000. At this income level, your loan payments would be your second-largest expense next to housing, and would be close to what you are spending in food and transportation combined. You would need to take drastic action to make loan payments, probably by foregoing any retirement savings and cutting back on entertainment. Even so, you might not be able to find ways to make ends meet. Someone earning around $60,000 could probably afford this payment more comfortably.

    Your budget with $100,000 in Student Loans (almost 2.5 percent of borrowers). If you are taking out $100,000 in loans, you had better be a doctor—or remodeling your old bedroom at your parent’s house on mom and dad’s dime. Monthly loan payments would be up around $1,075 and could easily eat up at least half of the average graduate’s take-home pay.

    At this point, you are essentially making a second rent or mortgage payment each month. While you may have a place to live, you have no money for other important things like food, transportation, and clothing. Since it’s a choice between paying student loans or rent—and student loan payments are not optional—you are definitely headed back to mom and dad. Keep in mind, the shortest loan term is 10 years, which means you are going be 32 before you move out.

    You’d need to earn between $80,000 and $90,000 to afford this payment comfortably.

    Your budget with $150,000 in Student Loans (almost 2 percent of borrowers). Even a third job likely wouldn’t be enough to ease the burden of the average graduate who’d amassed $150,000 in student loans. Monthly payments would be around $1,7000 or most of your take-home pay. You’d easily need a six-figure salary to fit this expense into your budget.

    The bottom line: Easy access to student loans is a good thing. Most people need to take on debt if they are going to graduate and reach their full career potential. However, the availability of student loans is a double-edged sword, as many borrowers take on debt levels that far exceed the reality of future starting salaries .

    If you are borrowing or plan on borrowing for college, make sure you’ve thought long and hard about how much you can borrow based on a reasonable starting salary. It’s that—or pray your parents don’t change the locks.

    JP is a writer for the money blog 20’s Finances. He is an MBA and the financial officer for a nonprofit organization.



    How Much Life Insurance Should You Carry? #how #much #life #insurance #should #i #buy


    #

    How Much Life Insurance Should You Carry?

    Very few people enjoy thinking about the inevitability of death. Fewer yet take pleasure in the possibility of an accidental death. If there are people who depend on you and your income, however, it is one of those unpleasant things that you have to consider. In this article, we’ll approach the topic of life insurance in two ways: first, we will point out some of the misconceptions and then we’ll look at how to evaluate how much and what type of life insurance you need.

    Does Everyone Need Life Insurance?

    Buying life insurance doesn’t make sense for everyone. If you have no dependents and enough assets to cover your debts and the cost of dying (funeral, estate lawyer’s fees, etc.), then insurance is an unnecessary cost for you. If you do have dependents and you have enough assets to provide for them after your death (investments, trusts, etc.), then you do not need life insurance.

    However, if you have dependents (especially if you are the primary provider) or significant debts that outweigh your assets, then you likely will need insurance to ensure that your dependents are looked after if something happens to you.

    Insurance and Age

    One of the biggest myths that aggressive life insurance agents perpetuate is that “insurance is harder to qualify for as you age, so you better get it while you are young.” To put it bluntly, insurance companies make money by betting on how long you will live. When you are young, your premiums will be relatively cheap. If you die suddenly and the company has to pay out, you were a bad bet. Fortunately, many young people survive to old age, paying higher and higher premiums as they age (the increased risk of them dying makes the odds less attractive).

    Insurance is cheaper when you are young, but it is no easier to qualify for. The simple fact is that insurance companies will want higher premiums to cover the odds on older people – it is a very rare that an insurance company will refuse coverage to someone who is willing to pay the premiums for their risk category. That said, get insurance if you need it and when you need it. Do not get insurance because you are scared of not qualifying later in life.

    Is Life Insurance an Investment?

    Many people see life insurance as an investment, but when compared to other investment vehicles. referring to insurance as an investment simply doesn’t make sense. Certain types of life insurance are touted as vehicles for saving or investing money for retirement, commonly called cash-value policies. These are insurance policies in which you build up a pool of capital that gains interest. This interest accrues because the insurance company is investing that money for their benefit, much like banks, and are paying you a percentage for the use of your money.

    However, if you were to take the money from the forced savings program and invest it in an index fund. you would likely see much better returns. For people who lack the discipline to invest regularly, a cash-value insurance policy may be beneficial. A disciplined investor, on the other hand, has no need for scraps from an insurance company’s table.

    Cash Value vs. Term

    Insurance companies love cash-value policies and promote them heavily by giving commissions to agents who sell these policies. If you try to surrender the policy (demand your savings portion back and cancel the insurance), an insurance company will often suggest that you take a loan from your own savings to continue paying the premiums. Although this may seem like a simple solution, this loan will cost you, as you will have to pay interest to the insurance company for borrowing your own money.

    Term insurance is insurance pure and simple. You buy a policy that pays out a set amount if you die during the period to which the policy applies. If you don’t die, you get nothing (don’t be disappointed, you are alive after all). The purpose of this insurance is to hold you over until you can become self-insured by your assets. Unfortunately, not all term insurance is equally desirable. Regardless of the specifics of a person’s situation (lifestyle, income, debts), most people are best served by renewable and convertible term insurance policies. They offer just as much coverage and are cheaper than cash-value, and, with the advent of internet comparisons driving down premiums for comparable policies, you can purchase them at competitive rates.

    The renewable clause in a term life insurance policy means that the insuring company will allow you to renew your policy at a set rate without undergoing a medical. This means that if an insured person is diagnosed with a fatal disease just as the term runs out, he or she will be able to renew the policy at a competitive rate despite the fact that the insurance company is certain to have to pay out.

    The convertible insurance policy provides the option to change the face value of the policy into a cash-value policy offered by the insurer in case you reach 65 years of age and are not financially secure enough to go without insurance. Even though you will be planning in the hope of not having to use this option, it is better to be safe and the premium is usually quite inexpensive.

    Evaluating Your Insurance Needs

    A large part of choosing a life insurance policy is determining how much money your dependents will need. Choosing the face value (the amount your policy pays if you die) depends on:

    • How much debt you have. all of your debts must be paid off in full, including car loans, mortgages, credit cards, loans, etc. If you have a $200,000 mortgage and a $4,000 car loan, you need at least $204,000 in your policy to cover your debts (and possibly a little more to take care of the interest as well).
    • Income Replacement. One of the biggest factors for life insurance is for income replacement, which will be a major determinant of the size of your policy. If you are the only provider for your dependents and you bring in $40,000 a year, you will need a policy payout that is large enough to replace your income plus a little extra to guard against inflation. To err on the safe side, assume that the lump sum payout of your policy is invested at 8% (if you do not trust your dependents to invest, you can appoint trustees or chose a financial planner and calculate his or her cost as part of the payout). Just to replace your income, you will need a $500,000 policy. This is not a set rule, but adding your yearly income back into the policy (500,000 + 40,000 = 540,000 in this case) is a fairly good guard against inflation. Remember, you have to add this $540,000 to whatever your total debts add up to.
    • Future Obligations. If you want to pay for your child’s college tuition or have your spouse move to Hawaii when you are gone, you will have to estimate the costs of those obligations and add them to the amount of coverage you want. So, if a person has a yearly income of $40,000, a mortgage of $200,000, and wants to send his or her child to university (let’s say this will cost $80,000), this person would probably want an $820,000 policy ($540,000 to replace yearly income + $200,000 for the mortgage expense + $80,000 university expense). Once you determine the required face value of your insurance company, you can start shopping around for the right policy (and a good deal). There are many online insurance estimators that can help you determine how much insurance you will need.
    • Insuring Others. Obviously there are other people in your life who are important to you and you may wonder if you should insure them. As a rule, you should only insure people whose death would mean a financial loss to you. The death of a child, while emotionally devastating, does not constitute a financial loss because children cost money to raise. The death of an income-earning spouse, however, does create a situation with both emotional and financial losses. In that case, follow the income replacement trick we went through earlier (your spouse’s income/8% + inflation = how much you’ll need to insure your spouse for). This also goes for any business partners with which you have a financial relationship (for example, shared responsibility for mortgage payments on a co-owned property).

    Alternatives to Life Insurance

    If you are getting life insurance purely to cover debts and have no dependents, there is another way to go about it. Lending institutions have seen the profits of insurance companies and are getting in on the act. Credit card companies and banks offer insurance deductibles on your outstanding balances. Often this amounts to a few dollars a month and in the case of your death, the policy will pay that particular debt in full. If you opt for this coverage from a lending institution, make sure to subtract that debt from any calculations you are making for life insurance – being doubly insured is a needless cost.

    The Bottom Line

    If you need life insurance, it is important to know how much and what kind you need. Although generally renewable term insurance is sufficient for most people, you have to look at your own situation. If you choose to buy insurance through an agent, decide on what you’ll need beforehand to avoid getting stuck with inadequate coverage or expensive coverage that you don’t need. As with investing, educating yourself is essential to making the right choice.



    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.



    Refinancing Your Car Loan: How Much Can You Save? #dental #loans


    #refinancing car loan
    #

    Refinancing Your Car Loan: How Much Can You Save?

    Feb 04, 2010

    HSH.com

    If you’re paying 6% or more on your auto loan, consider refinancing it. You could put hundreds of extra dollars back in your pocket. Here are some situations that may make an auto loan refinance advantageous:

    1. Interest rates are lower than when you bought your car, or you got your auto loan from a dealer without shopping for a rate. If interest rates have dropped since the day you purchased your car, you may be able to save by refinancing. Similarly, if you took the first loan offered (and it wasn’t one of those 1% dealer-subsidized interest rates), you might be able to do better. Dealer-sourced vehicle loans often come with higher rates than you could get elsewhere because the dealers aren’t arranging financing from the goodness of their hearts — the extra money is a profit source, just like extended warranties or destination charges.

    Keep in mind though that you are no longer financing a new car — you are refinancing a used car, and those rates are generally higher than new car loans. The good thing is that, unlike home mortgages, auto refinances cost almost nothing to originate, so most of your interest savings goes straight to your bottom line.

    2. Your credit score has improved since you bought your car. If you had no credit history when you financed your vehicle, or your report had a few marks in it, you may qualify for a lower interest rate today if your score has improved. Folks with minimal credit histories (an especially common problem for younger buyers) can be charged as much as 18% on their first car loans. Yet, if you make your payments on time for a year, you may qualify for much better offers. Check your credit report for free at www.AnnualCreditReport.com. You can purchase your credit scores for a nominal fee as well.

    3. You’re short on cash. If you need to reduce your payments, refinancing could be a viable solution. By stretching the remaining balance of your loan over a new, longer term, you can drop your payment significantly. For example, if you have a 5-year $25,000 car loan at 6% and have paid on it for 3 years, you could drop your monthly payment from $483.32 to $221.11 by refinancing the remaining $10,905 balance with a new 5-year loan — even if you increased the interest rate to 8%! Although you will be improving your “cash flow,” just understand that in the long run you will pay more in total interest with this strategy.

    4. Your car lease is expiring and you want to purchase the vehicle. When the term of your lease is up, you usually have the option to buy the car. The dealer will probably offer you a financing package; take this as a starting point and shop a bit to see if you can improve on the terms.

    Refinancing Auto Loans is Far Simpler than Refinancing Mortgages

    Refinancing a car is not hard. It’s not like refinancing your mortgage, which can include armloads of paperwork, lender fees and title insurance. Refinancing your vehicle loan is usually quick, cheap and easy once you have shopped for the best available interest rate and selected a lender — you don’t even need an appraisal.

    A Look at Possible Savings

    How much can you expect to save? If you refinance a 5-year, $25,000 auto loan carrying a 7.75% interest rate at the end of the first year, over the remaining 4 years, you’d save:

    • $1,373 with a 4.75% loan, or $28.61 a month
    • $921 with a 5.75% loan, or $19.19 a month
    • $463 with a 6.75% loan, or $9.65 a month

    Refinancing doesn’t work for everyone. If your car is worth less than the loan balance, it is unlikely that you’ll be able to find a lender willing to refinance your loan. You can determine the current value of the vehicle through the Kelley Blue Book, Edmunds, or Auto Trader.

    Gina Pogol has been writing about mortgage and finance since 1994. In addition to a decade in mortgage lending, she has worked as a business credit systems consultant for Experian and as an accountant for Deloitte.

    Related links :



    Refinance Calculator: know how much you can save through refinancing #quick #loans #for #unemployed


    #home loans calculator
    #

    Refinance Calculator

    User Rating. ( 37 votes, average: 4.05 out of 5 )

    Should I Refinance Now? Our mortgage refinance calculator tells if you’ll save money, lower your payments save on interest fees. Simply enter information like principal loan balance, and current payment and interest rates to find out if refinancing is the right thing to do now.

    This mortgage refinancing calculator tool compares your existing mortgage against terms of a new loan. To make the most of this calculator, you should have actual mortgage quotes to compare against. You can request up to four free quotes through our free matching service to see what refinance rates are available to you in order to find the best refinance rates.

    * Do not include any escrow contributions, prepaid interest, prepaid taxes, insurance (other than title insurance), or other “prepaids” as closing costs.

    How to use the Refinance calculator

    When using a refinance calculator, you’ll be asked to enter the following information for your current mortgage loan:

    • The original loan amount
    • Interest rate (APR)
    • Total length (repayment term): mortgage loans usually have repayment terms of 15 or 30 years.
    • Time remaining : If you have a 30 year loan, and have made payments for five years, the time remaining would be 25 years
    • Remaining principle on current loan: This is your present mortgage balance. Your monthly mortgage statement should show this information.

    Now you’ll enter the refinancing terms you’re considering:

    • Amount refinanced: This is the amount you want to borrow for your new mortgage.
    • Interest rate of new mortgage: Enter the interest rate for the new mortgage
    • Term length : Enter how long you’ll have to repay the new loan. (Typically 15 or 30 years for mortgage refinancing loans).
    • Cash out amount, if any: Enter any additional cash you’re taking out, for debt consolidation / payoff, home improvement, vacations, medical expenses or whatever.
    • Closing costs, discount points, down payment amount: The refinance calculator displays an estimated amount of closing costs, not including discount points, on the next screen. You can use this estimate if you don’t know the amount of closing costs.

    Use the drop-down window to select the appropriate option for paying closing costs:

    • Paid by cash or check: You’re contributing funds to cover closing costs
    • Rolled into the loan: Your refinanced mortgage amount will include closing costs.
    • Paid by Lender: Your mortgage lender pays the closing costs (but you’ll pay a slightly higher interest rate).

    After clicking the “calculate” button, the first section of the next screen displays a comparison of your current and proposed mortgage amounts, interest rates, and if applicable, any cash out amount and closing costs for the new mortgage.

    The next section compares the interest you’ll pay for the full term of your existing loan and for the new loan.

    The third section of the screen shows your current monthly payment compared to the estimated monthly payment after refinancing. Finally, the calculator indicates the net estimated savings after payment of closing costs (if applicable.) This is the “bottom line” figure that can help you decide whether or not to refinance. You can use the refinance and comparison calculators for reviewing multiple refinancing options.

    Once you’ve tested different rates and figures, try comparing the lowest rates offered by mortgage refinancing lenders. There results are tailored to you, and there’s no obligation for seeing if you qualify for a refinancing rate lower than your current rate. With lenders competing to offer you their lowest rates, you could end up saving thousands over the course of your loan!

    13 Responses to “Refinance Calculator”

      Lauren 12, Aug, 2012

    Staying with your current lender eases the refi process, and may be best if their rate is comparable to the other lenders. If you do have money to invest in closing costs, and are willing to pay for a lower rate, use the refinance calculator to determine how many months it will take before you recoup your closing costs in monthly savings and make sure there is little chance of you selling the home before that time. We wish you well in your search. One of two things will happen, you’ll either find a way to save yourself some money by refinancing now, or you’ll find yourself better prepared to take advantage of the next refinance opportunity that comes your way. Either way you win. Too many people just resign themselves to their current loan and aren’t so proactive at exploring opportunities for improving their situation. Calculators4Mortgages applauds you for being such a proactive manager of your financial affairs.

    Reply MASH 09, Sep, 2011

    I have a april 2004 manufactured home and need refinance my current 15yr mortgage at 4.75%. I am more than 6yrs into biweekly payment and the left over amount is lower than the current value of the house. I was offered a lower rate 15yrs loan but it doesn’t save me anything and extend the period of loan till 2026 which I don’t want. The calculator doesn’t help on biweekly payents started sometime in the middle of last 6yrs. I was also offered no closing cost.Can anybody help me out with this problem. I would like to save money if I refinance. Lower payment but need to have some saving too.

    Reply Cris 24, Feb, 2010

    We part way through both a 1st and a 2ndwith different $ amounts and time remaining. Do you have a calculator that can help us figure out if we should refi both into a new loan.

    Reply Refinance 10, Feb, 2010

    Interesting.

    Reply Jonathon 08, Jan, 2010

    Works great

    Reply ld 13, May, 2009

    cool

    Reply Linda 20, Mar, 2009



    How Much Student Loan Debt Is Too Much? US News #cash #loans #online


    #student loans payment
    #

    How Much Student Loan Debt Is Too Much?

    Before you start taking on loans to pay for your degree, you need to know how much student loan debt you can afford.

    “So, my student loan payments are more than my monthly rent?” exclaimed my sister-in-law, Kari. “More than a mortgage payment, to be honest,” I replied.

    Kari is finishing up her junior year of college in May and was curious about what life after college would like like. She brought her student loan balances and I brought my financial calculator. Within minutes I had drawn up a mock budget, the results of which were sobering. Student loan payments represented her biggest monthly expense, and certainly would create a strain on her finances should she move out on her own.

    The good news is that my sister-in-law is ahead of the curve. She still has time to make plans to deal with her loans before they start caving in on her. Many college graduates wait for their first loan bill before they become aware of the size of their student loan payment.

    According to a recent study by NERA Economic Consulting, 40 percent of college graduates with federal loans couldn’t recall receiving any consultation with regards to their student loan debt. One of the most stunning findings was that respondents thought they understood their finances while in college, but their understanding deteriorated upon graduation.

    Too many students walk into the financial aid office, receive a promissory note, and assume a future starting salary will be more than enough to cover repayment. However, loans are granted with the expectation the borrower knows how much debt is too much. Before you start taking on loans to pay for your degree, you need to know how much student loan debt you can afford.

    Your Budget with $25,000 in Student Loans (72 percent of student loan borrowers). While no one wants to pay student loans, $25,000 in education debt is manageable for the average professional earning $30,000 to $40,000 .

    Depending on a student’s eligibility, most (if not all) of this debt would be in government loans. Based on a 20-year term, installments would be around $150 per month. Looking at consumption data from the Bureau of Labor Statistics, it’s about the same amount the average household pays in a year for a used car. It’s slightly more than one-tenth of the average housing expense.

    Your Budget with $50,000 in Student Loans (16.5 percent of borrowers). This is where graduates really start to feel the burden of student loans. Monthly payments are around $450, largely because private loans are necessary above $31,000 in tuition costs.

    It would be a tight budget for someone earning between $40,000 and $50,0000. Student loans would be a large portion of the budget. You’d be paying about as much for loan payments as you would for food. Food is usually the third largest category in a household’s budget. Your monthly loan repayment would be about a third of what you are paying in housing costs.

    Your Budget with $75,000 in Student Loans (6 percent of borrowers). The average college graduate would probably need to move back in with mom and dad at this point. It’s either that or find lots of roommates.

    You would likely be paying about $750 per month in student loans. The average graduate with a four-year degree earns about $43,000. At this income level, your loan payments would be your second-largest expense next to housing, and would be close to what you are spending in food and transportation combined. You would need to take drastic action to make loan payments, probably by foregoing any retirement savings and cutting back on entertainment. Even so, you might not be able to find ways to make ends meet. Someone earning around $60,000 could probably afford this payment more comfortably.

    Your budget with $100,000 in Student Loans (almost 2.5 percent of borrowers). If you are taking out $100,000 in loans, you had better be a doctor—or remodeling your old bedroom at your parent’s house on mom and dad’s dime. Monthly loan payments would be up around $1,075 and could easily eat up at least half of the average graduate’s take-home pay.

    At this point, you are essentially making a second rent or mortgage payment each month. While you may have a place to live, you have no money for other important things like food, transportation, and clothing. Since it’s a choice between paying student loans or rent—and student loan payments are not optional—you are definitely headed back to mom and dad. Keep in mind, the shortest loan term is 10 years, which means you are going be 32 before you move out.

    You’d need to earn between $80,000 and $90,000 to afford this payment comfortably.

    Your budget with $150,000 in Student Loans (almost 2 percent of borrowers). Even a third job likely wouldn’t be enough to ease the burden of the average graduate who’d amassed $150,000 in student loans. Monthly payments would be around $1,7000 or most of your take-home pay. You’d easily need a six-figure salary to fit this expense into your budget.

    The bottom line: Easy access to student loans is a good thing. Most people need to take on debt if they are going to graduate and reach their full career potential. However, the availability of student loans is a double-edged sword, as many borrowers take on debt levels that far exceed the reality of future starting salaries .

    If you are borrowing or plan on borrowing for college, make sure you’ve thought long and hard about how much you can borrow based on a reasonable starting salary. It’s that—or pray your parents don’t change the locks.

    JP is a writer for the money blog 20’s Finances. He is an MBA and the financial officer for a nonprofit organization.



    Mortgage Prequalification Calculator: How Much House Can You Buy? #i #need #a #loan #now


    #mortgage loan calculator
    #

    Introduction

    What the calculator does.

    This calculator will calculate whether or not you would qualify for a home loan, and if so, how much of a home loan you might be qualifying for.

    The calculator also includes built-in mini-calculators for totaling up your gross income, monthly debt payments, and estimated homeowner’s insurance premiums.

    Finally, the calculated results includes one button to create a printer friendly report of the calculations, and another button to open an amortization schedule in a printer friendly window.

    If you would like to see how much house you can afford, versus what size mortgage you can qualify for, please visit the House Affordability Calculator. which includes a forecast of all home ownership costs.

    With that I invite you to use the Mortgage Prequalification Calculator to calculate whether or not you qualify for a home loan, and if so, just how large of a mortgage the lending institutions think you can afford.

    Instructions

    Enter your gross annual household income. Clicking the “i” icon will open a screen that contains a calculator for annualizing and totaling up to 5 income sources at once.



    Refinancing Your Car Loan: How Much Can You Save? #savings #and #loans


    #refinancing car loan
    #

    Refinancing Your Car Loan: How Much Can You Save?

    Feb 04, 2010

    HSH.com

    If you’re paying 6% or more on your auto loan, consider refinancing it. You could put hundreds of extra dollars back in your pocket. Here are some situations that may make an auto loan refinance advantageous:

    1. Interest rates are lower than when you bought your car, or you got your auto loan from a dealer without shopping for a rate. If interest rates have dropped since the day you purchased your car, you may be able to save by refinancing. Similarly, if you took the first loan offered (and it wasn’t one of those 1% dealer-subsidized interest rates), you might be able to do better. Dealer-sourced vehicle loans often come with higher rates than you could get elsewhere because the dealers aren’t arranging financing from the goodness of their hearts — the extra money is a profit source, just like extended warranties or destination charges.

    Keep in mind though that you are no longer financing a new car — you are refinancing a used car, and those rates are generally higher than new car loans. The good thing is that, unlike home mortgages, auto refinances cost almost nothing to originate, so most of your interest savings goes straight to your bottom line.

    2. Your credit score has improved since you bought your car. If you had no credit history when you financed your vehicle, or your report had a few marks in it, you may qualify for a lower interest rate today if your score has improved. Folks with minimal credit histories (an especially common problem for younger buyers) can be charged as much as 18% on their first car loans. Yet, if you make your payments on time for a year, you may qualify for much better offers. Check your credit report for free at www.AnnualCreditReport.com. You can purchase your credit scores for a nominal fee as well.

    3. You’re short on cash. If you need to reduce your payments, refinancing could be a viable solution. By stretching the remaining balance of your loan over a new, longer term, you can drop your payment significantly. For example, if you have a 5-year $25,000 car loan at 6% and have paid on it for 3 years, you could drop your monthly payment from $483.32 to $221.11 by refinancing the remaining $10,905 balance with a new 5-year loan — even if you increased the interest rate to 8%! Although you will be improving your “cash flow,” just understand that in the long run you will pay more in total interest with this strategy.

    4. Your car lease is expiring and you want to purchase the vehicle. When the term of your lease is up, you usually have the option to buy the car. The dealer will probably offer you a financing package; take this as a starting point and shop a bit to see if you can improve on the terms.

    Refinancing Auto Loans is Far Simpler than Refinancing Mortgages

    Refinancing a car is not hard. It’s not like refinancing your mortgage, which can include armloads of paperwork, lender fees and title insurance. Refinancing your vehicle loan is usually quick, cheap and easy once you have shopped for the best available interest rate and selected a lender — you don’t even need an appraisal.

    A Look at Possible Savings

    How much can you expect to save? If you refinance a 5-year, $25,000 auto loan carrying a 7.75% interest rate at the end of the first year, over the remaining 4 years, you’d save:

    • $1,373 with a 4.75% loan, or $28.61 a month
    • $921 with a 5.75% loan, or $19.19 a month
    • $463 with a 6.75% loan, or $9.65 a month

    Refinancing doesn’t work for everyone. If your car is worth less than the loan balance, it is unlikely that you’ll be able to find a lender willing to refinance your loan. You can determine the current value of the vehicle through the Kelley Blue Book, Edmunds, or Auto Trader.

    Gina Pogol has been writing about mortgage and finance since 1994. In addition to a decade in mortgage lending, she has worked as a business credit systems consultant for Experian and as an accountant for Deloitte.

    Related links :



    How much home can you afford? Advanced Topics #money #for #college


    #where can i get a loan
    #

    How much home can I afford? and

    Our How much home can you afford? page gave you a rough idea of the maximum price you can afford to pay for a home, with an easy-to-use calculator. The page you’re reading now gives you more of the story behind those numbers, and helps you better understand the factors influencing how much money the bank will loan you. This won’t necessarily help you compute your borrowing power any better (that’s what the calculator is for), rather it’s just to help you understand the concepts behind those numbers better. This discussion isn’t absolutely essential for most homebuyers, but it’s provided for those who want to know as much as possible — especially those having trouble affording a home who want to look for way to improve their house-buying chances.

    Of course, if you haven’t already gone through the basics of how much home you can afford and haven’t used the calculator then you should go back there now before reading any further the page you’re on now is the advanced stuff.

    Okay, on with the advanced stuff.

    You’ll remember the simple formula from the previous page — since you pay for your house with a combination of a down payment and a bank loan, the total of both is the cost of the home:

    Down Payment + Biggest Loan You Can Get = How Much Home You Can Afford

    You know how much you can afford for a down payment, so that part’s easy. (At least you should know — if you don’t you should probably figure that out before going any further.) So that leaves us with finding the biggest loan we can get. So really, the rest of this page is really How much loan can I get? and not How much home can I afford? To find how much home you can afford just add the amount you can afford for a down payment to the amount you can get for a loan.

    We’ve left one thing out of our simple equation above — closing costs . You’ll need to either pay the closing costs from your savings (lowering the amount you have available for a down payment), or qualify for a loan that’s a little larger than the house you want to buy, and have the closing costs added to the loan.

    Returning our focus to getting the biggest loan possible, here are the things that can get us a bigger loan:

    • Higher monthly income
    • Lower existing monthly debt payments
    • Bigger down payment
    • 30-year mortgage (vs. 15)
    • A better credit score
    • A lower property tax insurance rate

    Let’s look at each of these in detail.

    Higher Monthly Income. Obviously the more you can afford to pay for a home, the bigger the loan you can get. The bank limits your monthly mortgage payment (including taxes and insurance) to no more than 28 to 36% of your monthly income. What determines where you fall on that scale is the size of your down payment and your credit score. In any event, the higher monthly payment the bank allows, the bigger the loan they’ll give you.

    This 28 to 36% figure is called the Housing Ratio. For example, if you make $3000/mo. and the bank uses a housing ratio of 33% then the bank figures you can afford $990/mo. in mortgage payments ($3000 x 28%). Note that the amount you can borrow is also limited by how much debt you have. Just because the Housing Ratio says your payments can be up to $990/mo. any debt you have couldbring that figure down. We’ll cover that later on.

    Usually there’s not much you can do in the short-term about your income, but in one case there is: Buy a duplex or a house with a separate garage apartment that you can rent out. Then you can count the amount you’ll collect in rent towards your income. Some lenders are finicky about counting the rental income, but you can almost certainly find one who will. Your chances improve if the space is already rented and the renter has a long-term lease. Being able to count this extra rental income can help you buy a more expensive home — which will be a much better investment.

    Here’s an example of how having a higher income means a bigger potential loan amount. These are estimates of loan amounts available at various income levels, assuming: $10,000 down, $500/mo. in debt, 7% interest, 30-year mortgage, and 2% property taxes and insurance.

    Lower Monthly Debt payments. The less money you already owe, the bigger the loan you can get. The bank limits your monthly mortgage payment (including taxes and insurance) to no more than 36 to 42% of your total monthly debt, including your mortgage payment. This figure is called the Debt Ratio. For example, you make $3000/mo. have $500/mo. in debt, and the bank uses a debt ratio of 38%. They limit your total monthly debt to $1140 ($3000 x 38%). But you already have $500/mo. in debt, so that means you have $640/mo. left over for your mortgage payment.

    What determines where you fall on the 36 to 42% scale is the size of your down payment and your credit score. In any event, the higher monthly payment the bank allows, the bigger the loan they’ll give you.

    Note that the amount you can borrow is also limited by the housing ratio discussed above. The bank figures your monthly limit using the Housing Ratio, then they figure your limit using the Debt Ratio, and they take the lower of the two. Here are some examples, with your monthly limit in each case highlighted.



    Refinance Calculator: know how much you can save through refinancing #car #mortgage #calculator


    #home loans calculator
    #

    Refinance Calculator

    User Rating. ( 37 votes, average: 4.05 out of 5 )

    Should I Refinance Now? Our mortgage refinance calculator tells if you’ll save money, lower your payments save on interest fees. Simply enter information like principal loan balance, and current payment and interest rates to find out if refinancing is the right thing to do now.

    This mortgage refinancing calculator tool compares your existing mortgage against terms of a new loan. To make the most of this calculator, you should have actual mortgage quotes to compare against. You can request up to four free quotes through our free matching service to see what refinance rates are available to you in order to find the best refinance rates.

    * Do not include any escrow contributions, prepaid interest, prepaid taxes, insurance (other than title insurance), or other “prepaids” as closing costs.

    How to use the Refinance calculator

    When using a refinance calculator, you’ll be asked to enter the following information for your current mortgage loan:

    • The original loan amount
    • Interest rate (APR)
    • Total length (repayment term): mortgage loans usually have repayment terms of 15 or 30 years.
    • Time remaining : If you have a 30 year loan, and have made payments for five years, the time remaining would be 25 years
    • Remaining principle on current loan: This is your present mortgage balance. Your monthly mortgage statement should show this information.

    Now you’ll enter the refinancing terms you’re considering:

    • Amount refinanced: This is the amount you want to borrow for your new mortgage.
    • Interest rate of new mortgage: Enter the interest rate for the new mortgage
    • Term length : Enter how long you’ll have to repay the new loan. (Typically 15 or 30 years for mortgage refinancing loans).
    • Cash out amount, if any: Enter any additional cash you’re taking out, for debt consolidation / payoff, home improvement, vacations, medical expenses or whatever.
    • Closing costs, discount points, down payment amount: The refinance calculator displays an estimated amount of closing costs, not including discount points, on the next screen. You can use this estimate if you don’t know the amount of closing costs.

    Use the drop-down window to select the appropriate option for paying closing costs:

    • Paid by cash or check: You’re contributing funds to cover closing costs
    • Rolled into the loan: Your refinanced mortgage amount will include closing costs.
    • Paid by Lender: Your mortgage lender pays the closing costs (but you’ll pay a slightly higher interest rate).

    After clicking the “calculate” button, the first section of the next screen displays a comparison of your current and proposed mortgage amounts, interest rates, and if applicable, any cash out amount and closing costs for the new mortgage.

    The next section compares the interest you’ll pay for the full term of your existing loan and for the new loan.

    The third section of the screen shows your current monthly payment compared to the estimated monthly payment after refinancing. Finally, the calculator indicates the net estimated savings after payment of closing costs (if applicable.) This is the “bottom line” figure that can help you decide whether or not to refinance. You can use the refinance and comparison calculators for reviewing multiple refinancing options.

    Once you’ve tested different rates and figures, try comparing the lowest rates offered by mortgage refinancing lenders. There results are tailored to you, and there’s no obligation for seeing if you qualify for a refinancing rate lower than your current rate. With lenders competing to offer you their lowest rates, you could end up saving thousands over the course of your loan!

    13 Responses to “Refinance Calculator”

      Lauren 12, Aug, 2012

    Staying with your current lender eases the refi process, and may be best if their rate is comparable to the other lenders. If you do have money to invest in closing costs, and are willing to pay for a lower rate, use the refinance calculator to determine how many months it will take before you recoup your closing costs in monthly savings and make sure there is little chance of you selling the home before that time. We wish you well in your search. One of two things will happen, you’ll either find a way to save yourself some money by refinancing now, or you’ll find yourself better prepared to take advantage of the next refinance opportunity that comes your way. Either way you win. Too many people just resign themselves to their current loan and aren’t so proactive at exploring opportunities for improving their situation. Calculators4Mortgages applauds you for being such a proactive manager of your financial affairs.

    Reply MASH 09, Sep, 2011

    I have a april 2004 manufactured home and need refinance my current 15yr mortgage at 4.75%. I am more than 6yrs into biweekly payment and the left over amount is lower than the current value of the house. I was offered a lower rate 15yrs loan but it doesn’t save me anything and extend the period of loan till 2026 which I don’t want. The calculator doesn’t help on biweekly payents started sometime in the middle of last 6yrs. I was also offered no closing cost.Can anybody help me out with this problem. I would like to save money if I refinance. Lower payment but need to have some saving too.

    Reply Cris 24, Feb, 2010

    We part way through both a 1st and a 2ndwith different $ amounts and time remaining. Do you have a calculator that can help us figure out if we should refi both into a new loan.

    Reply Refinance 10, Feb, 2010

    Interesting.

    Reply Jonathon 08, Jan, 2010

    Works great

    Reply ld 13, May, 2009

    cool

    Reply Linda 20, Mar, 2009



    How much home can you afford? Advanced Topics #cheap #car #loan


    #where can i get a loan
    #

    How much home can I afford? and

    Our How much home can you afford? page gave you a rough idea of the maximum price you can afford to pay for a home, with an easy-to-use calculator. The page you’re reading now gives you more of the story behind those numbers, and helps you better understand the factors influencing how much money the bank will loan you. This won’t necessarily help you compute your borrowing power any better (that’s what the calculator is for), rather it’s just to help you understand the concepts behind those numbers better. This discussion isn’t absolutely essential for most homebuyers, but it’s provided for those who want to know as much as possible — especially those having trouble affording a home who want to look for way to improve their house-buying chances.

    Of course, if you haven’t already gone through the basics of how much home you can afford and haven’t used the calculator then you should go back there now before reading any further the page you’re on now is the advanced stuff.

    Okay, on with the advanced stuff.

    You’ll remember the simple formula from the previous page — since you pay for your house with a combination of a down payment and a bank loan, the total of both is the cost of the home:

    Down Payment + Biggest Loan You Can Get = How Much Home You Can Afford

    You know how much you can afford for a down payment, so that part’s easy. (At least you should know — if you don’t you should probably figure that out before going any further.) So that leaves us with finding the biggest loan we can get. So really, the rest of this page is really How much loan can I get? and not How much home can I afford? To find how much home you can afford just add the amount you can afford for a down payment to the amount you can get for a loan.

    We’ve left one thing out of our simple equation above — closing costs . You’ll need to either pay the closing costs from your savings (lowering the amount you have available for a down payment), or qualify for a loan that’s a little larger than the house you want to buy, and have the closing costs added to the loan.

    Returning our focus to getting the biggest loan possible, here are the things that can get us a bigger loan:

    • Higher monthly income
    • Lower existing monthly debt payments
    • Bigger down payment
    • 30-year mortgage (vs. 15)
    • A better credit score
    • A lower property tax insurance rate

    Let’s look at each of these in detail.

    Higher Monthly Income. Obviously the more you can afford to pay for a home, the bigger the loan you can get. The bank limits your monthly mortgage payment (including taxes and insurance) to no more than 28 to 36% of your monthly income. What determines where you fall on that scale is the size of your down payment and your credit score. In any event, the higher monthly payment the bank allows, the bigger the loan they’ll give you.

    This 28 to 36% figure is called the Housing Ratio. For example, if you make $3000/mo. and the bank uses a housing ratio of 33% then the bank figures you can afford $990/mo. in mortgage payments ($3000 x 28%). Note that the amount you can borrow is also limited by how much debt you have. Just because the Housing Ratio says your payments can be up to $990/mo. any debt you have couldbring that figure down. We’ll cover that later on.

    Usually there’s not much you can do in the short-term about your income, but in one case there is: Buy a duplex or a house with a separate garage apartment that you can rent out. Then you can count the amount you’ll collect in rent towards your income. Some lenders are finicky about counting the rental income, but you can almost certainly find one who will. Your chances improve if the space is already rented and the renter has a long-term lease. Being able to count this extra rental income can help you buy a more expensive home — which will be a much better investment.

    Here’s an example of how having a higher income means a bigger potential loan amount. These are estimates of loan amounts available at various income levels, assuming: $10,000 down, $500/mo. in debt, 7% interest, 30-year mortgage, and 2% property taxes and insurance.

    Lower Monthly Debt payments. The less money you already owe, the bigger the loan you can get. The bank limits your monthly mortgage payment (including taxes and insurance) to no more than 36 to 42% of your total monthly debt, including your mortgage payment. This figure is called the Debt Ratio. For example, you make $3000/mo. have $500/mo. in debt, and the bank uses a debt ratio of 38%. They limit your total monthly debt to $1140 ($3000 x 38%). But you already have $500/mo. in debt, so that means you have $640/mo. left over for your mortgage payment.

    What determines where you fall on the 36 to 42% scale is the size of your down payment and your credit score. In any event, the higher monthly payment the bank allows, the bigger the loan they’ll give you.

    Note that the amount you can borrow is also limited by the housing ratio discussed above. The bank figures your monthly limit using the Housing Ratio, then they figure your limit using the Debt Ratio, and they take the lower of the two. Here are some examples, with your monthly limit in each case highlighted.



    FHA Mortgage Calculator – How Much Can I Afford? #loan #protection #insurance


    #housing loan eligibility calculator
    #

    Required Annual Income:

    This does not include upfront mortgage insurance if needed. Your salary must meet the following two conditions on FHA loans:

    • The sum of the monthly mortgage and monthly tax payments must be less than 31% of your gross (pre-taxes) monthly salary.
    • The sum of the monthly mortgage, monthly tax and other monthly debt payments must be less than 43% of your gross (pre-taxes) monthly salary.

    DISCLAIMER: The figures above are based upon current FHA program guidelines. FHA requires a 3.5% down payment as well as an upfront and monthly mortgage insurance in many cases. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. See upfront and monthly calculations: FHA Mortgage Insurance Requirements .

    Helpful Answers are Ready:

    Can I remove MIP from my FHA if my home value goes up?

    My home value has risen enough within the last year to where what I owe is 80% of the current value of the home.

    I had a bankruptcy not long ago. How long do I have to wait before applying for an FHA loan?

    I put in an offer on a home and the contract was accepted. The processing of our loan took longer than necessary and the appraisal in now 90 days old.

    Can I pay my FHA loan in full without being penalized or charged for early payoff of the loan?

    I obtained an FHA loan in 2010 and recently inherited some money from my dad’s estate. It’s enough to pay off my mortgage loan.



    How Much Interest Do You Have to Pay on a $10, 000 Loan? #home #equity #loans


    #10000 loan
    #

    How Much Interest Do You Have to Pay on a $10,000 Loan?

    The amount of interest that accumulates on a $10,000 loan depends on several factors, including the interest rate and the repayment terms.

    Other People Are Reading

    Simple Interest

    A simple interest loan charges interest only on the principal balance. that is, the amount of the original loan still outstanding. To calculate simple interest on a $10,000 loan, use the following formula:

    Where I is the accumulated interest, r is the annual interest rate and t is the length of the loan, expressed as a fraction of a year.

    As an example, if your annual interest rate was 6 percent, multiply $10,000 by 0.06 to calculate the interest of $600 in a year. If the loan was only for three months, however, multiply that result by ¼ to calculate the quarter’s simple interest of $150. If it were a 5-year loan, multiply $600 by 5 to get $3,000. In this case, the fraction was the whole number 5.

    Compound Interest

    A compound interest loan charges interest on the principal balance and any interest already accumulated. To calculate the amount of compound interest on your loan, use the formula:

    Ic = $10,000 (1 + (r / n))^(n t) – $10,000

    Where n is the number of periods in a year. The other variables are the same as in the simple interest formula.

    If the example’s 5-year loan compounded monthly, divide the annual interest rate of 0.06 by 12 to calculate the monthly interest rate of 0.005. Add 1 to that number and raise the result to the total number of periods, calculated by multiplying 12 periods per year times 5 years, which is 60. Multiply the resulting 1.3489 times $10,000 to get the total due of $13,489. Finally, subtract the original $10,000 principal to calculate the interest of $3,489. As you can see, compound interest has the potential to significantly increase the amount of accumulated interest when compared to simple interest.

    Annuities With Monthly Payments

    Most lenders, such as those issuing car loans or mortgages, expect regular monthly payments that include interest and principal payments. These regular monthly payments function like an annuity . Because you’re reducing the principal balance every month, the amount of interest that accumulates is likewise reduced. To determine the interest accumulated on a $10,000 loan, first calculate the monthly payments using the formula:

    PMT = ($10,000 (r / 12)) / (1 – (1 + r / 12) ^ (-12 n))

    By plugging in your data, you derive the monthly payment of $193.33. With that, you can calculate the total interest paid at the end of the loan using the formula:

    Thus, $193.33 times 60 payments equals $11,600. Subtracting the original loan amount leaves you with the interest of $1,600. Although an annuity employs compound interest, the total interest paid is less than even simple interest, because you’re constantly reducing the principal.

    To reduce interest further, consider making additional payments to principal early in the loan. The more you can reduce the principal balance, the less interest is subsequently charged. That is true for simple interest, compound interest and annuity loans.

    Interest Rate

    The amount of interest you ultimately pay depends on the interest rate. Higher interest rates will add more interest to your payoff than lower interest rates. To get an idea how much interest rates affect your loan, consider these examples of the total interest you’ll pay for each type of 5-year, $10,000 loan:

    • A 1 percent interest rate accumulates $500 in simple interest, $512 in compound interest or $256 in annuity interest.
    • A 10 percent interest rate accumulates $5,000 in simple interest, $6,453 in compound interest or $2,748 in annuity interest.
    • A 30 percent interest rate accumulates $15,000 in simple interest, $33,998 in compound interest or $9,412 in annuity interest.


    How Much Can I Borrow? Calculator – HomeStart Finance #loan #contract


    #home loan calculator australia
    #

    How much can I borrow?

    Welcome to the HomeStart home loan calculator. This calculator will give you an indication of the maximum amount you may be able to borrow to buy a home.

    Simply enter your details below, including your current income (after tax) and commitments, click calculate and you will be presented with the results.

    + More options

    Fees and charges include establishment fee, valuation fee, Loan Provision Charge, conveyancing fees, settlement fee and government fees such as title search fees and stamp duty.

    *The Advantage Loan is combined with another HomeStart loan that suits your situation. No repayments are required until you have paid your HomeStart loan portion in full. Find out more about the Advantage Loan

    *The Breakthrough Loan is combined with another HomeStart loan that suits your situation. No repayments are required on the Breakthrough component of your loan until your property is sold. A 3% facility fee for the Breakthrough Loan has been included in the repayment amount indicated above. Find out more about the Breakthrough Loan

    • Have a regular income, this can include your Centrelink benefits
    • Be over 18 years of age
    • Be an Australian permanent resident or an Australian citizen
    • Be purchasing a home within South Australia

    This calculation is not an offer of credit and is intended as a guide only.

    To learn more about saving and budgeting. visit MyStart. our educational website.

    Calculators & fees



    Home Loan Repayment Calculator: How Much You Can Afford? #consolidating #student #loans


    #home loan repayment calculator
    #

    Tips for your situation

    Loan details

    You can use this calculator to work out your home loan repayments with different loan sizes, interest rates, loan terms and repayment options.

    What interest rate should I use?

    You can use the Bank Standard Variable Rate (BSVR) of one of the major banks, less a 0.7% discount.

    This is a good rough guide, although it is likely that we may be able to get your a better interest rate than this.

    However, to determine what your payments would be if interest rates were to increase, put in an interest rate around 1.5% higher than the current BSVR.

    This will help you figure out if you would be able to afford the loan, if rates went up.

    What loan term should I use?

    Generally, most mortgages in Australia are for a 30 year term. You can choose any term you like even up to 40 years, which is the maximum term offered in Australia.

    Please keep in mind the shorter your term, the higher your repayments. However, the faster you pay off the loan, the less interest your will ultimately pay.

    Is it better to pay weekly, fortnightly or monthly?

    Despite what you might have heard in the media, there is no benefit to paying weekly or fortnightly as opposed to making monthly repayments. Some lenders divide the monthly repayment by two to work out how much you would pay if you were to make fortnightly repayments.

    This is actually paying more than the true fortnightly repayments. If you make extra repayments then you will pay the loan off faster and will save money, this is why paying fortnightly appears to give you a benefit.

    Making monthly repayments and paying more than the minimum is the most effective way to save money on your mortgage. If this is combined with an offset account you can easily reduce your interest expense without making a noticeable change to your lifestyle.

    What does interest only mean?

    If you are making interest only repayments then you are not actually paying off your home loan. You are just paying the monthly interest to the bank.

    The advantage is that your repayments are smaller. The disadvantage is that you will not actually pay off your loan and ultimately you will pay much more in interest.

    Investors often use interest only loans on their investment properties to keep their monthly commitments low and to allow them to use their spare funds to pay off their non-tax deductible debts first.

    Can I pay interest only payments on a weekly basis?

    The majority of lenders only allow interest only repayments to be made on a monthly basis. There are a few ways around this, however very few people choose to do this as there is no benefit in paying weekly or fortnightly if you are paying interest only.

    How can I work out my borrowing capacity?

    To do this, first determine how much you would feel comfortable repaying each month, then use a 1.5% higher rate than the current BSVR. This method can help you work out how much you could comfortably borrow without having to change your lifestyle or current spending habits.

    This is a simplified method of working out your borrowing capacity. However, you can also use our borrowing power calculator or our mortgage brokers can give you a more exact figure using our software.

    We never recommend that you borrow to your limit as this leaves you very little surplus money to spend on holidays or to keep on stand by for unforeseen circumstances.

    Speak to a mortgage broker

    Our mortgage brokers are here to help you apply for a loan that suits your needs. If you are trying to minimise your loan repayments or pay off your loan as quickly as possible, we can help you develop a strategy.

    Please enquire online or call us on 1300 889 743 for more information.



    FHA Mortgage Calculator – How Much Can I Afford? #personal #loan #agreement


    #home loan calculators
    #

    You May Qualify for a Loan Amount Up to:

    NOTE: Additional requirements may be needed for loans above $417,000 in your area. This limit differs based on county. Please refer to our jumbo loans page for more information.

    DISCLAIMER: The figures above are based upon current FHA program guidelines. FHA requires a 3.5% down payment as well as an upfront and monthly mortgage insurance in many cases. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. See upfront and monthly calculations: FHA Mortgage Insurance Requirements .

    Helpful Answers are Ready:

    Can I remove MIP from my FHA if my home value goes up?

    My home value has risen enough within the last year to where what I owe is 80% of the current value of the home.

    I had a bankruptcy not long ago. How long do I have to wait before applying for an FHA loan?

    I put in an offer on a home and the contract was accepted. The processing of our loan took longer than necessary and the appraisal in now 90 days old.

    Can I pay my FHA loan in full without being penalized or charged for early payoff of the loan?

    I obtained an FHA loan in 2010 and recently inherited some money from my dad’s estate. It’s enough to pay off my mortgage loan.



    Cost of College – How Much to Borrow – College Student Loan #refinance #home #loan


    #how to apply for student loans
    #

    Determine How Much to Borrow

    Whether you re heading off to college for the very first time or are returning for another academic year, chances are you ll need to figure out how much money you ll need to borrow in student loans to help you pay for school.

    The following steps will help you determine how much money you need to borrow so you don t come up short or borrow more than you need:

    Step 1: Identify Your Annual Costs to Attend College

    When evaluating how much you need to borrow, consider the net price of your education (the price after reduction from the school). This will ensure you don t overestimate your borrowing needs.

    Step 2: Assess Your Gift Aid (Scholarships and Grants)

    Gift aid is simply money that doesn t have to be paid back, such as scholarships and grants that have been awarded to you. When you take advantage of them, you reduce your overall cost to attend school.

    Step 3: Evaluate Your Existing Financial Resources

    Because the total cost of borrowing can increase significantly with time, a good strategy is to borrow only what is absolutely necessary. Evaluate non-loan sources first to pay for many of your educational expenses. These sources include, but are not limited to, your savings, current income and contributions from your parents and relatives.

    Step 4: Calculate the Total Amount to Borrow

    To help you calculate the additional money you need to cover all of your college expenses, use our Student Loan Calculator. It estimates how much you ll need to borrow to pay for college. And remember, maximize your financial aid options to help you borrow only what you need.

    Step 5: Look for Certified Student Loans

    We encourage you to borrow responsibly and maximize grants, scholarships and other free financial aid before taking student loans. If you need to borrow, compare federal and private student loans to find a loan that best fits your needs.

    When borrowing private student loans, we recommend you pursue certified student loans. A certified loan is one which your school verifies your eligibility for the loan amount. This helps you borrow only what you need. Non-certified loans may allow you to borrow more than you really need. Remember that whatever amount you borrow, you ll be obligated to pay back. Also, interest paid on certified loans is generally tax deductible while interest paid on non-certified loans may not be.

    Always consult a tax advisor for tax advice. Your tax advisor or the IRS website at irs.gov are sources for complete details regarding these tax provisions.

    Tip: Consider applying for a private student loan with a creditworthy cosigner. A cosigner may improve the likelihood for loan approval and may lower the interest rate.

    For more information on private student loans, visit Discover Student Loans



    Loan Balance Calculator – Find out how much you owe on your loan. #home #loan #rates #comparison


    #car loan calc
    #

    Calculate your loan balance based on current payment, interest rate and remaining term

    What is the balance on my loan?

    Additional Information

    Credit and the Consumer

    While credit stimulates the economy, it does have to be used judiciously. Credit is not money. Derived from the Latin word for “trustworthiness,” credit is based on faith that the borrower will repay the debt with real money. One should not use credit in place of money when there is little or no likelihood that payment in real money will be made using credit without the intent or ability to pay is theft.

    Today, credit has become a business in its own right. Credit is issued by banks, savings and loans, credit unions, public utilities, and even merchants. According to the Federal Reserve, there was more than $2.5 trillion of consumer debt outstanding by late 2009 this is more than double the amount outstanding in 1994. This represents hundreds of billions of dollars in interest earnings to lenders. This is why credit card companies aggressively compete to get you to use their credit cards and services. The marketing is so aggressive that consumers may lose sight of the fact that this is not free money and make excessive purchases to the point where they find themselves in financial difficulty.

    What Are The Benefits Of Credit?

    Without credit, the global economic system would grind to a stop. Credit allows borrowers to immediately buy things they could not afford now. Most persons would not be able to purchase a house without credit. Most young adults do not have sufficient savings to afford the cost of even the most humble of homes. Yet, credit allows them to purchase a home that they can gradually pay off over time as their earnings increase. Without credit, many individuals would not be able to purchase an automobile. Credit also makes it convenient to make spontaneous purchases without the need to carry large sums of cash or checks.

    Businesses rely upon credit to manage their cashflow. Manufacturers borrow money to buy raw materials. Merchants buy goods on credit from manufacturers. Consumers buy goods from merchants on credit. Without credit, the process would slow to a halt.

    Responsible Use Of Credit

    While credit is very important to the economy, its abuse is harmful. Credit is extended with the faith that borrowers will repay the debt. Goods and services are provided on credit with the expectation that they will be paid for with money in the future. Credit makes commerce more convenient. When credit is abused, everyone loses. Credit abuse increases the cost of credit to everyone.

    One should never use credit to purchase things for which one will not be able to pay in the future. Many impulse purchases are made on credit with little thought given to how the debt will be repaid in the future. If one calculated the true cost of goods bought on credit, one would have second thoughts about making the purchase in the first place. Here is an example: a new television flat-screen HDTV model retails for $5,000. If purchased on a credit card with a 12% annual percentage rate (APR) compounded daily, and with minimum monthly payments of $166 paid over three years, it winds up costing over $5,980. Is it worth almost $1,000 more to have it now (furthermore, the retail price in 3 years will probably drop)? That is like going into a store that advertised “SALE–ADD 20% TO EVERY PURCHASE.”



    Refinancing Your Car Loan: How Much Can You Save? #loan #modification #programs


    #refinancing car loan
    #

    Refinancing Your Car Loan: How Much Can You Save?

    Feb 04, 2010

    HSH.com

    If you’re paying 6% or more on your auto loan, consider refinancing it. You could put hundreds of extra dollars back in your pocket. Here are some situations that may make an auto loan refinance advantageous:

    1. Interest rates are lower than when you bought your car, or you got your auto loan from a dealer without shopping for a rate. If interest rates have dropped since the day you purchased your car, you may be able to save by refinancing. Similarly, if you took the first loan offered (and it wasn’t one of those 1% dealer-subsidized interest rates), you might be able to do better. Dealer-sourced vehicle loans often come with higher rates than you could get elsewhere because the dealers aren’t arranging financing from the goodness of their hearts — the extra money is a profit source, just like extended warranties or destination charges.

    Keep in mind though that you are no longer financing a new car — you are refinancing a used car, and those rates are generally higher than new car loans. The good thing is that, unlike home mortgages, auto refinances cost almost nothing to originate, so most of your interest savings goes straight to your bottom line.

    2. Your credit score has improved since you bought your car. If you had no credit history when you financed your vehicle, or your report had a few marks in it, you may qualify for a lower interest rate today if your score has improved. Folks with minimal credit histories (an especially common problem for younger buyers) can be charged as much as 18% on their first car loans. Yet, if you make your payments on time for a year, you may qualify for much better offers. Check your credit report for free at www.AnnualCreditReport.com. You can purchase your credit scores for a nominal fee as well.

    3. You’re short on cash. If you need to reduce your payments, refinancing could be a viable solution. By stretching the remaining balance of your loan over a new, longer term, you can drop your payment significantly. For example, if you have a 5-year $25,000 car loan at 6% and have paid on it for 3 years, you could drop your monthly payment from $483.32 to $221.11 by refinancing the remaining $10,905 balance with a new 5-year loan — even if you increased the interest rate to 8%! Although you will be improving your “cash flow,” just understand that in the long run you will pay more in total interest with this strategy.

    4. Your car lease is expiring and you want to purchase the vehicle. When the term of your lease is up, you usually have the option to buy the car. The dealer will probably offer you a financing package; take this as a starting point and shop a bit to see if you can improve on the terms.

    Refinancing Auto Loans is Far Simpler than Refinancing Mortgages

    Refinancing a car is not hard. It’s not like refinancing your mortgage, which can include armloads of paperwork, lender fees and title insurance. Refinancing your vehicle loan is usually quick, cheap and easy once you have shopped for the best available interest rate and selected a lender — you don’t even need an appraisal.

    A Look at Possible Savings

    How much can you expect to save? If you refinance a 5-year, $25,000 auto loan carrying a 7.75% interest rate at the end of the first year, over the remaining 4 years, you’d save:

    • $1,373 with a 4.75% loan, or $28.61 a month
    • $921 with a 5.75% loan, or $19.19 a month
    • $463 with a 6.75% loan, or $9.65 a month

    Refinancing doesn’t work for everyone. If your car is worth less than the loan balance, it is unlikely that you’ll be able to find a lender willing to refinance your loan. You can determine the current value of the vehicle through the Kelley Blue Book, Edmunds, or Auto Trader.

    Gina Pogol has been writing about mortgage and finance since 1994. In addition to a decade in mortgage lending, she has worked as a business credit systems consultant for Experian and as an accountant for Deloitte.

    Related links :



    How much home can you afford? Advanced Topics #money #loans #online


    #where can i get a loan
    #

    How much home can I afford? and

    Our How much home can you afford? page gave you a rough idea of the maximum price you can afford to pay for a home, with an easy-to-use calculator. The page you’re reading now gives you more of the story behind those numbers, and helps you better understand the factors influencing how much money the bank will loan you. This won’t necessarily help you compute your borrowing power any better (that’s what the calculator is for), rather it’s just to help you understand the concepts behind those numbers better. This discussion isn’t absolutely essential for most homebuyers, but it’s provided for those who want to know as much as possible — especially those having trouble affording a home who want to look for way to improve their house-buying chances.

    Of course, if you haven’t already gone through the basics of how much home you can afford and haven’t used the calculator then you should go back there now before reading any further the page you’re on now is the advanced stuff.

    Okay, on with the advanced stuff.

    You’ll remember the simple formula from the previous page — since you pay for your house with a combination of a down payment and a bank loan, the total of both is the cost of the home:

    Down Payment + Biggest Loan You Can Get = How Much Home You Can Afford

    You know how much you can afford for a down payment, so that part’s easy. (At least you should know — if you don’t you should probably figure that out before going any further.) So that leaves us with finding the biggest loan we can get. So really, the rest of this page is really How much loan can I get? and not How much home can I afford? To find how much home you can afford just add the amount you can afford for a down payment to the amount you can get for a loan.

    We’ve left one thing out of our simple equation above — closing costs . You’ll need to either pay the closing costs from your savings (lowering the amount you have available for a down payment), or qualify for a loan that’s a little larger than the house you want to buy, and have the closing costs added to the loan.

    Returning our focus to getting the biggest loan possible, here are the things that can get us a bigger loan:

    • Higher monthly income
    • Lower existing monthly debt payments
    • Bigger down payment
    • 30-year mortgage (vs. 15)
    • A better credit score
    • A lower property tax insurance rate

    Let’s look at each of these in detail.

    Higher Monthly Income. Obviously the more you can afford to pay for a home, the bigger the loan you can get. The bank limits your monthly mortgage payment (including taxes and insurance) to no more than 28 to 36% of your monthly income. What determines where you fall on that scale is the size of your down payment and your credit score. In any event, the higher monthly payment the bank allows, the bigger the loan they’ll give you.

    This 28 to 36% figure is called the Housing Ratio. For example, if you make $3000/mo. and the bank uses a housing ratio of 33% then the bank figures you can afford $990/mo. in mortgage payments ($3000 x 28%). Note that the amount you can borrow is also limited by how much debt you have. Just because the Housing Ratio says your payments can be up to $990/mo. any debt you have couldbring that figure down. We’ll cover that later on.

    Usually there’s not much you can do in the short-term about your income, but in one case there is: Buy a duplex or a house with a separate garage apartment that you can rent out. Then you can count the amount you’ll collect in rent towards your income. Some lenders are finicky about counting the rental income, but you can almost certainly find one who will. Your chances improve if the space is already rented and the renter has a long-term lease. Being able to count this extra rental income can help you buy a more expensive home — which will be a much better investment.

    Here’s an example of how having a higher income means a bigger potential loan amount. These are estimates of loan amounts available at various income levels, assuming: $10,000 down, $500/mo. in debt, 7% interest, 30-year mortgage, and 2% property taxes and insurance.

    Lower Monthly Debt payments. The less money you already owe, the bigger the loan you can get. The bank limits your monthly mortgage payment (including taxes and insurance) to no more than 36 to 42% of your total monthly debt, including your mortgage payment. This figure is called the Debt Ratio. For example, you make $3000/mo. have $500/mo. in debt, and the bank uses a debt ratio of 38%. They limit your total monthly debt to $1140 ($3000 x 38%). But you already have $500/mo. in debt, so that means you have $640/mo. left over for your mortgage payment.

    What determines where you fall on the 36 to 42% scale is the size of your down payment and your credit score. In any event, the higher monthly payment the bank allows, the bigger the loan they’ll give you.

    Note that the amount you can borrow is also limited by the housing ratio discussed above. The bank figures your monthly limit using the Housing Ratio, then they figure your limit using the Debt Ratio, and they take the lower of the two. Here are some examples, with your monthly limit in each case highlighted.



    How Much Does it Cost to Refinance a Mortgage #speedy #loans


    #refinancing your home
    #

    How Much Does it Cost to Refinance a Mortgage?

    You may have heard that the cost of refinancing a mortgage probably isn’t worth it unless you can lower your interest rate by at least 1%. While this is a good guideline to follow, it’s not a hard and fast rule. There are several other factors to consider when deciding whether to refinance your mortgage.

    Your main concern should be that the savings you get from mortgage refinancing are greater than the costs.

    Understand what mortgage refinance rates are available

    Speaking with a mortgage loan officer is the best way to find out what your new interest rate will be. Based on your credit score, they can give you a good idea of your potential mortgage refinance rate.

    The lender may also offer the option of ‘paying a point upfront.’ If you’re able to pay 1% of the loan out of pocket at closing, your mortgage refinance rate may be lower. After speaking with a loan agent to figure out your new interest rate, you’ll be able to calculate your monthly savings and determine whether the cost of mortgage refinancing is worth it.

    Mortgage refinance savings formula

    Lendingtree.com offers this simple formula that can help you determine how long it will take to realize your savings after refinancing a mortgage loan.

    First, subtract your new monthly payment from your old monthly payment to calculate your monthly savings. Then divide the refinance closing costs of your new loan by the monthly savings. Be sure to include points, as well as the cost of an appraisal, credit report and home inspection in your refinance closing costs. The figure you end up with will be the number of months it will take to break even.

    If you plan to stay in your home longer than it would take to break even, loan refinancing may be a good idea. But how do you know what your new payment will be? And what will the refinancing costs be?

    Estimate your mortgage refinancing fees

    Get an idea of what your mortgage refinancing fees might be, as reported by SFGATE .

    Mortgage application fee

    The mortgage application fee generally covers the cost of a credit report and an appraisal, but may include other administrative costs. This fee can be anywhere from $250 to $500.

    Origination fees

    An origination fee, or loan processing fee, is typically a percentage of your total loan. The origination fee is usually about one percentage point of your refinanced mortgage loan total. For an $180,000 home, the origination fee would be $1,800.

    Document preparation fee

    Most lenders charge a fee to review the mortgage refinancing documents before the loan is closed. Not all lenders charge this fee, but if you are required to pay a document preparation fee, you can expect it to be between $200 and $400.

    Prepayment penalty

    You may want to decrease the amount you pay in interest by paying off your loan early, but depending on your lender, that plan could backfire. Some mortgage lenders charge a fee for early repayment – often as much as five months’ worth of mortgage payments – so be sure to find out whether your lender charges this fee before closing the deal.

    Appraisal fee

    The value of your home is an important factor in determining your mortgage rate and whether you can get a home equity loan or line of credit after refinancing (should you wish to do so). A professional appraiser will usually charge between $300 and $700 to determine the value of your home.

    Title examination

    To ensure that you’re the proper owner of your house, the lender may wish to examine public records. The title search fee usually ranges between $150 and $450, although it may be waived if you’re refinancing with your original lender.

    Additional refinancing costs

    Other refinance costs, including flood certifications, pest inspections, courier services, title and recording fees and various tax fees should also be included in your refinancing cost calculations. Although most of these additional refinancing fees are relatively inexpensive, you should consider them when deciding whether mortgage refinancing is worth the cost.

    Decide if refinancing is worth the cost

    Refinancing a mortgage loan can be a long and expensive process. Make sure you have accurate figures when calculating your costs and savings, and use a mortgage refinance calculator from Nationwide Bank ® to help determine whether refinancing is right for you.



    How Much House Can I Afford – Home Affordability Calculator #school #loans


    #home loan eligibility calculator
    #

    More Calculators

    Refinance Calculator

    See how much refinancing can save you

    Affordability calculator help

    “How much house can I afford?” is a question we hear frequently from those looking to purchase a new home. The mortgage you can afford depends on many factors, including your target monthly payment, annual income, and down payment amount.

    Zillow’s mortgage affordability calculator helps you determine what you can comfortably afford to pay based on your personal circumstances. It evaluates the percentage of your monthly income that goes toward existing debts to help identify how much extra you have to spend on a mortgage payment. Your remaining income after debt and taxes should be enough to cover living expenses and savings goals, and it is wise to have some cash set aside to accommodate any unexpected repairs or financial emergencies.

    Annual income This is the combined annual income for you and your co-borrower. Include all income before taxes, including base salary, commissions, bonuses, overtime, tips, rental income, investment income, alimony, child support, etc. Down payment This is the amount of money you will put towards a down payment on the house. Make sure you still have cash left over after the down payment to cover unexpected repairs or financial emergencies. Monthly debt

    Include all of you and your co-borrower’s monthly debts, including: minimum monthly required credit card payments, car payments, student loans, alimony/child support payments, any house payments (rent or mortgage) other than the new mortgage you are seeking, rental property maintenance, and other personal loans with periodic payments.

    Do NOT include: credit card balances you pay off in full each month, existing house payments (rent or mortgage) that will become obsolete as a result of the new mortgage you are seeking, or the new mortgage you are seeking.

    Interest rate This is the interest rate for the loan you will receive. It is pre-filled with the current 30-yr fixed average rate on Zillow Mortgages. Debt-to-income (DTI) Your DTI is expressed as a percentage and is your total “minimum” monthly debt divided by your gross monthly income. The conventional limit for DTI is 36% of your monthly income, but this could be as high as 41% for FHA loans. A DTI of 20% or below is considered excellent. Income taxes This is an annual tax that governments place on individuals’ income. It includes federal tax, most states and some local entities. The national average is around 30% but can vary based on income, location, etc. Property taxes The mortgage payment calculator includes estimated property taxes. The value represents an annual tax on homeowners’ property and the tax amount is based on the home’s value. Homeowners insurance Commonly known as hazard insurance, most lenders require insurance to provide damage protection for your home and personal property from a variety of events, including fire, lightning, burglary, vandalism, storms, explosions, and more. All homeowner’s insurance policies contain personal liability coverage, which protects against lawsuits involving injuries that occur on and off your property. Mortgage insurance (PMI) Mortgage insurance is required primarily for borrowers with a down payment of less than 20% of the home’s purchase price. It protects lenders against some or most of the losses that can occur when a borrower defaults on a mortgage loan. Also known as PMI (Private Mortgage Insurance). HOA dues Typically, owners of condos or townhomes are required to pay homeowners association dues (known as HOA fees), to cover common amenities or services within the property such as garbage collection, landscaping, snow removal, pool maintenance, and hazard insurance. Loan term This is the length of time you choose to pay off your loan (e.g. 30 years, 20 years, 15 years, etc.) Full report Click on the Full Report link to see a printable report that includes mortgage payment breakdowns, total payments, and a full mortgage payment amortization calculation (table and chart). Amortization table includes ability to view amortization by year or by month.

    Mortgage Learning Center

    Searching for your new home?

    Pre-approval ensures you’re ready to make an offer when you find the perfect one.



    FHA Mortgage Calculator – How Much Can I Afford? #how #to #get #a #loan #with #no #credit


    #housing loan eligibility calculator
    #

    Required Annual Income:

    This does not include upfront mortgage insurance if needed. Your salary must meet the following two conditions on FHA loans:

    • The sum of the monthly mortgage and monthly tax payments must be less than 31% of your gross (pre-taxes) monthly salary.
    • The sum of the monthly mortgage, monthly tax and other monthly debt payments must be less than 43% of your gross (pre-taxes) monthly salary.

    DISCLAIMER: The figures above are based upon current FHA program guidelines. FHA requires a 3.5% down payment as well as an upfront and monthly mortgage insurance in many cases. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. See upfront and monthly calculations: FHA Mortgage Insurance Requirements .

    Helpful Answers are Ready:

    Can I remove MIP from my FHA if my home value goes up?

    My home value has risen enough within the last year to where what I owe is 80% of the current value of the home.

    I had a bankruptcy not long ago. How long do I have to wait before applying for an FHA loan?

    I put in an offer on a home and the contract was accepted. The processing of our loan took longer than necessary and the appraisal in now 90 days old.

    Can I pay my FHA loan in full without being penalized or charged for early payoff of the loan?

    I obtained an FHA loan in 2010 and recently inherited some money from my dad’s estate. It’s enough to pay off my mortgage loan.



    How Much Student Loan Debt Is Too Much? US News #what #is #fha #loan


    #student loans payment
    #

    How Much Student Loan Debt Is Too Much?

    Before you start taking on loans to pay for your degree, you need to know how much student loan debt you can afford.

    “So, my student loan payments are more than my monthly rent?” exclaimed my sister-in-law, Kari. “More than a mortgage payment, to be honest,” I replied.

    Kari is finishing up her junior year of college in May and was curious about what life after college would like like. She brought her student loan balances and I brought my financial calculator. Within minutes I had drawn up a mock budget, the results of which were sobering. Student loan payments represented her biggest monthly expense, and certainly would create a strain on her finances should she move out on her own.

    The good news is that my sister-in-law is ahead of the curve. She still has time to make plans to deal with her loans before they start caving in on her. Many college graduates wait for their first loan bill before they become aware of the size of their student loan payment.

    According to a recent study by NERA Economic Consulting, 40 percent of college graduates with federal loans couldn’t recall receiving any consultation with regards to their student loan debt. One of the most stunning findings was that respondents thought they understood their finances while in college, but their understanding deteriorated upon graduation.

    Too many students walk into the financial aid office, receive a promissory note, and assume a future starting salary will be more than enough to cover repayment. However, loans are granted with the expectation the borrower knows how much debt is too much. Before you start taking on loans to pay for your degree, you need to know how much student loan debt you can afford.

    Your Budget with $25,000 in Student Loans (72 percent of student loan borrowers). While no one wants to pay student loans, $25,000 in education debt is manageable for the average professional earning $30,000 to $40,000 .

    Depending on a student’s eligibility, most (if not all) of this debt would be in government loans. Based on a 20-year term, installments would be around $150 per month. Looking at consumption data from the Bureau of Labor Statistics, it’s about the same amount the average household pays in a year for a used car. It’s slightly more than one-tenth of the average housing expense.

    Your Budget with $50,000 in Student Loans (16.5 percent of borrowers). This is where graduates really start to feel the burden of student loans. Monthly payments are around $450, largely because private loans are necessary above $31,000 in tuition costs.

    It would be a tight budget for someone earning between $40,000 and $50,0000. Student loans would be a large portion of the budget. You’d be paying about as much for loan payments as you would for food. Food is usually the third largest category in a household’s budget. Your monthly loan repayment would be about a third of what you are paying in housing costs.

    Your Budget with $75,000 in Student Loans (6 percent of borrowers). The average college graduate would probably need to move back in with mom and dad at this point. It’s either that or find lots of roommates.

    You would likely be paying about $750 per month in student loans. The average graduate with a four-year degree earns about $43,000. At this income level, your loan payments would be your second-largest expense next to housing, and would be close to what you are spending in food and transportation combined. You would need to take drastic action to make loan payments, probably by foregoing any retirement savings and cutting back on entertainment. Even so, you might not be able to find ways to make ends meet. Someone earning around $60,000 could probably afford this payment more comfortably.

    Your budget with $100,000 in Student Loans (almost 2.5 percent of borrowers). If you are taking out $100,000 in loans, you had better be a doctor—or remodeling your old bedroom at your parent’s house on mom and dad’s dime. Monthly loan payments would be up around $1,075 and could easily eat up at least half of the average graduate’s take-home pay.

    At this point, you are essentially making a second rent or mortgage payment each month. While you may have a place to live, you have no money for other important things like food, transportation, and clothing. Since it’s a choice between paying student loans or rent—and student loan payments are not optional—you are definitely headed back to mom and dad. Keep in mind, the shortest loan term is 10 years, which means you are going be 32 before you move out.

    You’d need to earn between $80,000 and $90,000 to afford this payment comfortably.

    Your budget with $150,000 in Student Loans (almost 2 percent of borrowers). Even a third job likely wouldn’t be enough to ease the burden of the average graduate who’d amassed $150,000 in student loans. Monthly payments would be around $1,7000 or most of your take-home pay. You’d easily need a six-figure salary to fit this expense into your budget.

    The bottom line: Easy access to student loans is a good thing. Most people need to take on debt if they are going to graduate and reach their full career potential. However, the availability of student loans is a double-edged sword, as many borrowers take on debt levels that far exceed the reality of future starting salaries .

    If you are borrowing or plan on borrowing for college, make sure you’ve thought long and hard about how much you can borrow based on a reasonable starting salary. It’s that—or pray your parents don’t change the locks.

    JP is a writer for the money blog 20’s Finances. He is an MBA and the financial officer for a nonprofit organization.



    Mortgage Prequalification Calculator: How Much House Can You Buy? #unsecured #loans #no #credit #check


    #mortgage loan calculator
    #

    Introduction

    What the calculator does.

    This calculator will calculate whether or not you would qualify for a home loan, and if so, how much of a home loan you might be qualifying for.

    The calculator also includes built-in mini-calculators for totaling up your gross income, monthly debt payments, and estimated homeowner’s insurance premiums.

    Finally, the calculated results includes one button to create a printer friendly report of the calculations, and another button to open an amortization schedule in a printer friendly window.

    If you would like to see how much house you can afford, versus what size mortgage you can qualify for, please visit the House Affordability Calculator. which includes a forecast of all home ownership costs.

    With that I invite you to use the Mortgage Prequalification Calculator to calculate whether or not you qualify for a home loan, and if so, just how large of a mortgage the lending institutions think you can afford.

    Instructions

    Enter your gross annual household income. Clicking the “i” icon will open a screen that contains a calculator for annualizing and totaling up to 5 income sources at once.



    Motorcycle Loan Calculator – How Much Motorcycle Can You Afford? #cheap #car #loan


    #motorcycle loan calculator
    #

    Monthly Interest Payments

    Motorcycle loans from peer to peer lending sites offer attractive interest rates for borrowers with good to excellent credit. Unlike traditional bank loans social lending services have lower overhead and competitive interest rates. Interest rates are an important consideration for motorcycle riders shopping around for an affordable loan. Depending on their credit rating borrowers can get a 3 year fixed term loan with an 8% APR.

    A motorcycle loan calculator makes it easy to adjust interest rates quickly. Borrowers should take extra time to shop around for the lowest interest rates available as it can save them potentially thousands of dollars over the life of the loan.

    Annual Percentage Rates based on a 3 year loan term with no previous Prosper loans:

    • 8.88% APR for AA rated Prosper Borrowers
    • 15.38% APR for A rated Prosper Borrowers
    • 19.55% APR for B rated Prosper Borrowers

    Motorcycle riders looking to buy their first cruiser or sport bike can save money by shopping online for a motorcycle loan. Many peer to peer lending sites offer low interest personal loans with fast approval. Using a motorcycle loan calculator to estimate loan amounts, loan terms and interest rates is a smart decision even for the most experienced rider.