Archive for October, 2007
Benefits of Online Loans
Posted by admin under: Main Oct 31Online loans are common these days and often promise all sorts of benefits compared to the traditional high street bank loans. They tend to offer low interest rates due to the competitiveness brought on by the heavy marketing on the Internet. Plus they can save you the hassle of going to the local bank.
Lenders who don’t have any branches and only offer online loans can give you lower interest rates than high street banks and building societies. This is because they have fewer and lower overheads and can pass the savings directly to the customers. Some high street banks also offer online loans, which work in the same way. And if you to decide to repay your loan using Direct Debit then you can benefit even more with special offers on lower interest rates or even a payment holiday.
Searching for a loan online is a relatively easy process. The first place to start is with a good search engine such as Google or Yahoo. You should also keep an eye out on TV for loan company adverts. Although there will be plenty of adverts for individual companies there are also a number of Loan comparison companies who advertise.
Loan comparison companies can help save you hours of searching online as all you do is visit one website and type in all your loan requirements. The website then provides you with a number of loans from different lenders, providing you with interest rates and the total cost of the loan over the repayment period. However, there is a word of caution as not all loan comparison sites are truly independent i.e. they may not show up ALL the best options. But in general they are all very good and will save you hours of work.
If you decide not to use a loan comparison site then you should visit all the loan company websites and check out their loan calculators which they provide on the site. Using this you can see in seconds how much the loan will cost you. You can then do this for all the loan sites you visit and note any special offers they may have on their loans. For example some companies now offer a repayment holiday, say 5 months. This can be helpful if you are taking out a loan close to a major holiday e.g. christmas and you would rather not make any payments until February or March as you may not be able to afford the repayments during and immediately after the Christmas period.
The amount of loan companies now going online is increasing every month and even the high street banks have ensured they have an online presence. Although finding a loan online is relatively easy you should not take out the first best offer loan that you find. Spend time to use the loan comparison sites and also take advice from friends or family on sites they have used too. There are lots of good loan deals online but you need to do your homework to find the best one.
Paul Hockney is an online loan expert who provides quick easy loan tips and advice.
Original here
Source: Benefits of Online Loans
Two Step Is For Dancing – Five Step For Bad Credit Repair
Posted by admin under: Main Oct 31Everyone seems to be doing the bad credit repair dance, and there are plenty of ‘gurus’ to teach you the steps. After reading their long seductive sales letters, you’re sure he can have your credit soaring high and ‘dancing with the stars.’
Of course if it were just as easy as that, everyone would have 800+ credit scores. So, lets come back to reality. I’ll share with you the five factors that determine your credit score. Straight..no chaser.
Payment History = 35%
This is where it all begins. You must be able to pay your bills on time. It does you no good to clear up your past late payments if you are still paying your current bills late.
Amount of Debt = 30%
The second most import factor in determining your credit score is the amount of debt you carry. More specifically, how much debt you carry compared to your total amount of available credit. This is known as your debt to credit ratio.
Length of Credit Time = 15%
The longer you’ve had credit on your file, the better. It demonstrates stability and proves that you are a credit responsible person.
Inquires = 10%
Each time you apply for credit, whether for a car, credit card, or whatever, an inquiry is left on your file. Too many inquires within a certain period of time is bad for your score. It becomes even worse if you have many inquiries, but no accompanying open accounts for them.
Credit Mix = 10%
This refers to the different types of credit you’ve acquired on your credit file. Someone who has a credit mixture of different types of credit will be favored more than someone who only has revolving credit and no loans, mortgages, etc
Are you ready to take action…really?! Forget all the over hyped claims that propagate the web. No course, no mentoring programs, nothing will work unless and until you decide to make a tremendous change in your life. It has to become real and of the utmost importance to you. To begin that journey, you need knowledge..you need help.
Get professional assistance or do it yourself. Bad Credit Repair.
Need more info on how to legally manipulate your credit score? Click here… Credit Repair Secrets
Christopher Wright, Financial Cancer Specialist
Original here
Source: Two Step Is For Dancing – Five Step For Bad Credit Repair
Pirates Of The Mortgage Schemin – 2nd character
Posted by admin under: Main Oct 31Well blow me away tis been over a month since we talked about the first villain: Long John Ap Taker. matey. Today we expose you to another of this motley crew, One Foot Charlie….
One Foot Charlie has to walk a crooked line. (One foot kinda causes that you know) How Charlie lost his foot is an important fact here. You see Charlie likes doors. Every door that opens seems to tempt him. He expects each door to offer up a new treasure. Pirates like treasures matey.
Like many Pirates Charlie likes a new adventure. Thus the high seas. Instead of being so good at the mortgage originator door, he goes with the flow. He just rides the easy wave, avoiding the currents that get difficult. One day his foot is in the mortgage door. Another in the web designer door. Another day in the watch selling door. Another day in another door.
How did Charlie lose is foot? Someone slammed the door on it. Now he has more temptation to be a pirate. He does less business, hobbling around, so he has to charge more to the few doors that don’t get slammed. He also is slower in picking up changes in the scene and may have lost some important tools of knowledge.
Watch out for Charlie. Watch out for the one foot in the other door. You may be dealing with a pirate of the mortgage, schemin.
Larry Cragun
mortgages, full+time, part+time
Source: Pirates Of The Mortgage Schemin – 2nd character
Neumann Homes Declares Chapter 11 Bankruptcy – Existing Homes Will Be Built
Posted by admin under: Main Oct 31
Nuemann Homes, one of the largest homebuilders in the Midwest and Denver has declared bankruptcy. The company has been building in some of the worst markets in the country including Detroit and Denver so this can not be big surprise to anyone.
In fact, Nuemann probably gets what it deserved. They acquired Tadian Homes in 2005 at the peak of the housing boom. Normally this could be excused, but Tadian builds in Detroit which was (and is) mired in a housing collapse of epic proportions. And whomever sold the idea, “Hey, the auto industry is laying off hundreds of thousands, lets go grab a bunch of market share in Detroit” should both be shot and hired at the same time. Shot because their business sense is so wrong, but hired because they must be a heck of a salesman.
Add to that being a major player in Denver which is another city hard hit by the housing slowdown you have the recipe for disaster.
Neumann said it will file for Chapter 11 bankruptcy and that its lenders have agreed to provide limited additional funding so that its assets can be evaluated and sold. It also said the earnest money of customers whose new homes haven’t started construction is safe in escrow. Neumann said it will ask a bankruptcy judge to approve refunds from those accounts…
“The market downturn in the Chicago and Denver housing markets [is] now in excess of 50 percent, with home prices dropping from 10 percent to 25 percent in some sub-markets,” Kenneth Neumann commented in the fax. “Even after the significant help we have received from our lenders this year, the company can no longer weather this storm.” via CHICAGO SUN-TIMES
Source: Neumann Homes Declares Chapter 11 Bankruptcy – Existing Homes Will Be Built
Executive Country Club Home, Wilkesboro NC Real Estate For Sale
Posted by admin under: Main Oct 31Beautiful Wilkes County NC Executive Country Club Home.
MLS Number: 51211 List Price: $359,000
Bedrooms: 3, Full Baths: 2, Half Baths: 1, Est Total SqFt: 3425+
Type/Style: Tudor, Two Story, Area: 6
Elementary School : Moravian Falls Elementary
Middle School: Central Wilkes
High School: Wilkes Central
Construction: Brick Veneer & Other, Solid Masonry Foundation: Basement, block & brick. Roof: Shingle – Composition, Two Years Old, Floors: Carpet/Hardwood/Tile
Garage/Carport: Garage-Double Attached
Interior Features: Smoke Detector(s), Ceiling Fan(s), Newly Decorated, Painted and Carpeted, Central Vacuum, Large Master Bedroom, Walk-In Closets, Hardwood Floors, Basement, Two Fireplaces (Rock and Brick), Gas Logs, Workshop in Basement, Walk-in Cedar-lined closet, Formal Living Room, Dining Room, Den with Oak Bookshelves and Cabinetry, Cable TV w. broadband Internet
Exterior Features: Tiled Patio/Deck and Walkways, Very Private Yard, Level Lot, Set Back From Street.
Subdivision: Farmington
Lot Size: 1.14 acres
Contact Elizabeth Carter, 336.973.5594 or Greg Stikeleather, Broker, 704.880.5247 or email eacarter@charter.net
click here for more information
Source: Executive Country Club Home, Wilkesboro NC Real Estate For Sale
Identity Theft Now Easier On-line
Posted by admin under: Main Oct 31
A new study indicating who is likely to steal your identity shifts the blame from people you know to those who are more likely to be strangers. In its “Identity Fraud Trends and Patterns“, Utica College’s Center For Identity Management & Information Protection (CIMIP) tracked Secret Service arrests and convictions of offenders and found that identity thieves used these methods of operation. ID thieves used the Internet or some other technological device in the commission of the crime approximately 50 percent of the time. Among those who did not use technology, tactics like dumpster diving and change of address forms were used 20 percent of the time. Learn about ID theft prevention strategies outlined on the Federal Trade Commission’s Identity Theft Site.
steal your identity, ID thieves, dumpster diving
Source: Identity Theft Now Easier On-line
Fed cutting interest rates today?
Posted by admin under: Main Oct 31The Federal Open Market Committee meets this afternoon and we should know the results just after 2 p.m. eastern time. Vegas odds are leaning towards a .25% cut but some are hoping for more. The current rate is 5.25%. Many analysts are concerned that if the rate is cut too much and/or too quickly, we will see inflation rise above acceptable levels.
From the Mortgage Market Guide:
FOMC Meeting
The Federal Open Market Committee is a twelve-member committee made up of the seven members of the Board of Governors and five Federal Reserve Bank presidents. It meets eight times per year to determine the near-term direction of monetary policy, such as setting guidelines for the purchase and sale of government securities and setting policy relating to System operations in the foreign exchange markets. These changes in monetary policy are now announced immediately after FOMC meetings. Most importantly, the Fed determines interest rate policy at FOMC meetings. Market participants speculate about the possibility of an interest rate change at these meetings, and if the outcome is different from expectations, the impact on the markets can be dramatic and far-reaching. The interest rate set by the Fed the federal funds rate serves as a benchmark for all other rates. A change in the fed funds rate, the lending rate banks charge each other for the use of overnight funds, translates directly through to all other interest rates from Treasury bonds to mortgage loans. It also changes the dynamics of competition for investor dollars: when bonds yield 10 percent, they will attract more money away from stocks then when they only yield 5 percent. The level of interest rates affects the economy higher rates tend to slow activity; lower rates stimulate activity, a ripple effect that expands into all sectors of the economy.
POTENTIAL IMPACT ON INTEREST RATES: HIGH
Update – the Fed cut both the discount rate and the fed fund rate by 1/2 %. Markets went crazy – stock market went up by 200 points in minutes and the mortgage bonds went up by 44 basis points (bonds go up = rates go down).
Source: Fed cutting interest rates today?
element Condominiums
Posted by admin under: Main Oct 31
element offers a variety of floorplans featuring elegant European styling, designer finishes including granite countertops and Whirlpool® stainless steel appliances. Our luxurious baths have soaking tubs and brushed chrome fixtures. Amenities include pool & sundeck combo, tranquil Zen garden, fitness center and spacious club room. element is adjacent to a 7-acre Commons Park and Linear Park.
The Millennium Gate, a 73-foot tall monumental arch, will be situated on axis with 17th Street in Atlantic Station® which will provide a dramatic setting as it is approached. Comparisons can be made to the Washington Arch in New York, the Wellington Arch in London, the Carrousel Arch in Paris and the Siegestor Arch in Munich. People will be drawn to the arch not only for its beauty, but also by its setting at the edge of a new park by a 3-acre lake. It will be embellished with sculptural allegory presenting the story of a peaceful accomplishment over the last 2000 years. It is the largest public monument to be built since the construction of the Jefferson Memorial.
Atlantic Station® truly embraces a walkable lifestyle with parks, shopping, dining and entertainment footsteps from element. Enjoy a weekend open air market, take in a movie at the cinema, watch your favorite sports event at the local sports bar or have an intimate dinner at one of the many restaurants within the district. Whatever your â??fancy,â?? Atlantic Station® will have the perfect match for you and your lifestyle.
1, 2 & 3 Bedroom Urban Condominium Homes From The $200s. element’s sales gallery is open Monday through Friday from 10:00am until 6:00pm, Saturday 10:00am until 6:00pm and Sunday from 12:00pm to 5:00pm. Office: 404-876-1600. www.elementatlantanow.com Sales and Marketing by Evolv.
Source: element Condominiums
Atlanta one of the most stable real estate markets in US, says Forbes
Posted by admin under: Main Oct 31Forbes magazine has named Atlanta as one of the most stable real estate markets in the country. Home buyers can invest with confidence in our area, says the magazine.
To read the full story, click here.
Source: Atlanta one of the most stable real estate markets in US, says Forbes
Is $400,000 in Savings Worth a 15 Minute Commute?
Posted by admin under: Main Oct 31December 3rd, 2006 by James Morrison
I’ve been crunching numbers on all the cities that surround Boston, as I do this time of year – every year. Just for a moment though I want to revisit Revere, MA. I promise to post the other cities as well. You’ll be astonished at what I found in Revere!
At first, I thought I had a typo in my work but after crunching the numbers again and again I couldn’t believe what my calculator was telling me. Simply put, the condos being built in Revere are the steal of the century. Theses condos sell at and average square foot price of $230.00 while only 7 miles away in Boston they sell at $630.00 per square foot. It’s safe to estimate that 75% percent of the condos being built in Revere are along the Revere Beach Parkway making these condos waterfront or water view properties. While the majority of Boston’s condos are not.
Creating a 6-8 Mile Radius around Boston I found something even more beneficial to Revere vs. its commuter competitors. Here’s a look at the numbers.
Price Per Square Foot Miles From Boston
Boston, MA $630.00 N/A
Revere, MA $230.00 6.75
Medford, MA $343.00 6
Watertown, MA $322.00 8.26
North Quincy $288.00 7.39
Simply put if you buy a 1,000 square foot condo in Revere the cost will be on average $230,000.00 and if you bought that comparable 1,000 square foot condo in Boston on average it would cost $630,000.00. That’s a savings of $400,000.00 dollars by living 6.75 miles outside of Boston. Not to mention the likelihood of owning something with a water view. Which of course holds value in slow markets and appreciates faster in hot markets!!
Revere is working very hard to make its ocean front the greatest deal in the Boston Market. These numbers don’t lie. For every mile you commute from Boston to Revere you literally save $59,259.59 per mile (400k/6.75).
Mapquest.com puts the Revere to Boston commute at 15 minutes I think 400,000.00 in savings is worth every penny of it!!
I think I have also identitfied some deals, within deals, in Revere, MA. If you are interested in learning more about these potential deals please conatct me at JamesM@NextGenRealty.com
Happy Holidays,
James Morrison
Disclosure: These numbers are based off of 1 Bedroom condos. However, the same favorable conditions exsist in the 2 and 3 bedroom market as well for Revere, MA
Filed under: Uncategorized
Source: Is $400,000 in Savings Worth a 15 Minute Commute?