Thursday, April 7, 2011

Mortgage and Loans - Mortgage Refinance, Home Loans

Mortgage and Loans - Mortgage Refinance, Home Loans

Is Auto Insurance Fraud Up

Posted: 07 Apr 2011 07:10 AM PDT

WSFL News Update 04/07/11 7.59a Car Insurance Fraud

Christopher Cavazos – Mortgage Rates & Fees | Quicken Loans

Posted: 07 Apr 2011 07:10 AM PDT

Hi, my name is Christopher Cavazos – I’m a President’s Club Banker here at Quicken Loans. I wanted to talk to you today about getting an accurate rate and fee combination. A lot of times, throughout the last six years I’ve been here at Quicken Loans, I’ve talked to clients that are a little hesitant about giving out personal information. I myself completely understand about what is involved in the loan process and there’s a lot of different things that, you know, I have the knowledge about and have to impart onto my clients to obviously get someone to understand why we get the information that we need. The big things to keep in mind are every loan is specific to each client. No one receives the exact, you know, rate and fee combinations from one loan to the other. There’s a multitude of ways you can price out a loan – whether you’re taking cash out, whether your credit score is 700 to 720, the state you’re in, the states guidelines. So giving us the ability to take a look into your specific situation, maybe stepping a little bit out of your comfort zone to allow us to put together the best financial solution is going to result in us not only being able to define whether or not the loan makes sense but then at that point put together numbers that are based on exactly what you want to do versus just quoting you a rate which effectively is not going to be the best way. You know decide on which lender you want to work with – even decide to work with us – the bottom line is …

What is the total national insurance premium amount spent by American consumers?

Posted: 07 Apr 2011 12:18 AM PDT

I know the ’06 amount of $ spent on medical care. I want to compare that amount to the amount of total insurance premiums paid.

A Brief Look Of The Myths That Are Attributed To Payday Cash Advances

Posted: 06 Apr 2011 11:42 PM PDT

Payday loans have had a meteoric rise in popularity over the last couple of years. This is largely because the current economic situation makes it very difficult for people to borrow smallish amounts of money.

Whenever something becomes popular like this, myths always tend to abound. Most are put about by so called media ‘experts’, usually trying to scaremonger people into believing things are not as they seem. In fact it is usually quite the reverse. More often than not though, these myths tend to be the polar opposite of the reality.

It is often simple to see that these myths are based on assumptions, hearsay or manipulations of facts, rather than any real subject knowledge. It is quite obvious that this is the case with the myths surrounding payday loans because if the myth mongers did have any knowledge of the industry, they would see that the very myths that they started have no substance.

Myths can be negative viewpoints and started intentionally. Another way is when facts get distorted or taken out of context when the subject gets involved in more and more discussions all over the place.

This is classically displayed in the constant barrage aimed at payday loans involving sky high interest rates as depicted by ridiculously high APR’s. This issue manifests itself due to the legal requirement for payday lenders to publish an APR. The problem is that an APR is designed to illustrate the interest accrued on a loan in a year. However, a payday loan does not run for 12 months, they are designed to last for a period of 7 – 31 days. So how can you logically apply a calculation to work out the interest charged in a year for a loan that lasts a couple of weeks? The figures are grossly distorted and do not relate in any way to the charges that actually do apply to payday loans.

To see a video that highlights the top 5 payday loan myths and tries to go some way to dispelling them, follow this link: payday loan myths.
Hopefully you will see how daft some of these myths really are.

How to Buy a House: Mortgage Shopping

Posted: 06 Apr 2011 09:35 PM PDT

You wouldn’t think of paying an extra 50 grand for that new house. But if you’re not careful, you might waste that much on the mortgage.

Could Payday Loans Be the Solution to a Financial Crisis?

Posted: 06 Apr 2011 12:14 PM PDT

Well, I suppose that really depends on what the question is.

If you are having a tough time of things financially, perhaps you are just about making ends meet month on month, the last thing that you need is something to happen in your life that requires an outlay of a small but not insignificant sum of money.

The failing economy and financial crisis has seen a large number of UK money lenders going out of business, in particular the ones that lend smaller amounts of money. This has left a void in the market place and made it very difficult to obtain a loans for small amounts of money.

So what can you do? Trying family or friends is one course of action. This could provide the answer, but it may not be possible for everyone to do this. So are there any other alternatives? You go to the bank and ask for an overdraft. This could turn out okay for some and that is fine if it does, but not so good if the answer is no.

Fortunately, there is another answer which is a course of lending available to a large percentage of the population that find themselves in situations such as this. This is a type of loan referred to as payday loans. These allow a borrower to take out a small loan of between £50 and £1,000 which is then repaid at the next payday.

These loans are short term loans, which are there to get you over a small financial situation and must not be used for long term borrowing. It is important that you understand that you must pay back the loan at the appointed time. Do not take out a payday loan if you think that you will have difficulty in repaying it at the agreed time. Allowing a payday loan to rollover to another month time after time can be an expensive form of borrowing.

Having said that, the charges are totally transparent and you will know exactly what you need to pay back when the time comes to repay the loan. This cannot be said about most other forms of borrowing.

So if you do find that you are in dire need of a small sum of cash to get yourself out of a financial crisis, and all other attempts to solve the problem have failed, then a payday loan could well be the answer.

Mortgage market and interest rate update for Tuesday June 2, 2009

Posted: 06 Apr 2011 10:09 AM PDT

Mortgage market and interest rate update from Bruce Brown, CMPS with Pulaski Bank Home Lending and radio host of Dollars and Homes on KCMO Talk Radio 710 in Kansas City.

Posted by Blogku at 7:17 AM

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