Wednesday, October 31, 2012

Is The Longest Zero-Interest Credit Card Offer Always Better?

With the battle for credit card customers hotting up, card issuers are vying with each other to make increasingly attractive offers for consumers. Credit card borrowers are spoiled for choice, and can now transfer balances from one card to another without even paying interest rates on it for up to 2 years.

But is it ideal to choose a zero-interest credit card primarily because it offers the longest interest-free period? Not necessarily, since other factors may influence your choice of low-interest credit card.

One of them may be the "transfer fee" which is a levy imposed by credit card companies on consumers who plan a balance transfer from older cards. The transfer fee can vary widely and usually depends upon the amount of debt transferred. A high transfer fee can negate the advantages of low interest rates. Make sure that you know what transfer fee your new credit card company will charge before signing up for any contract.

Transfer Fee Versus Longer Interest-Free Period

Imagine having an outstanding credit card debt of ,000. You can transfer it over to a zero-interest credit card that offers you 26 months of interest free credit, but will charge you a higher transfer fee. Or you can save on transfer fees with another company that has a shorter interest-free period followed by higher interest rates.

When other things are almost equal, the credit card with a lower transfer fee will cost less by way of interest, in comparison to one with a high transfer fee and a longer introductory interest-free period. This is because the extra time of zero-interest is rather short and won't make a big difference in terms of saving money on interest for unpaid debt.

How To Avoid Interest

One of the major reasons for transferring outstanding balances from your previous credit cards to a zero-interest card is that you will clear any unpaid balance in advance of the date when the annual percentage rates (APR) kick in. This is why longer zero-interest periods are more desirable.

Based on your capacity to repay the debt amount, you may find a particular credit card is better suited to your needs. By computing your monthly payment dues that will help you clear the outstanding debt before your interest-free period ends, you will be able to compare two options and decide which one is more practical and suitable for you.

Avoiding Transfer Fees

At the end of the interest-free period, if you find yourself stuck with a lot of debt that is now subject to your APR, you should consider moving the balance once again to another zero-interest card. But check to see that the card will not charge you a fee for balance transfers.

While you may not have to pay a monthly fee with these cards, you will still be charged interest on your debt. However, the APR will typically be much greater than your interest on credit card debt that averages 17.3%, helping you save money.

Before choosing a zero-interest credit card company, make sure to carry out extensive research on the Web or offline, to compare the various features in a range of credit cards. By using online tools, you can carry out these searches anonymously, sidestepping the possibility of leaving a digital footprint on your credit record.

Wednesday, October 24, 2012

Common Loans Used To Buy Real Estate

For most home buyers, especially first time home buyers, shopping for a home can be stressful and confusing. Many times the most confusing part of the home buying process is understanding the different types of loan options that are available. Here is an overview of the most common loans buyers use to purchase real estate.

Conventional Loans

Conventional loans are loans that use Fannie Mae and Freddie Mac guidelines in order to make the loans conform with respect to Loan to Value (LTV), borrower credit scores, borrower income requirements and minimum down payment amount. Conventional loans allow a minimum down payment of 5% and are generally utilized by home buyers with excellent credit. Mortgage origination fees with conventional loans are less than government insured loans like FHA and VA loans. Conventional loans allow the home buyer to receive a seller's assist ranging from 3% -6% of the purchase price depending on down payment amount.

FHA Loans

FHA Loans are loans backed by The Federal Housing Administration (FHA), a part of the U.S. Department of Housing and Urban Development (HUD). FHA does not lend money but rather insures the loan against default by the borrower. Since the disappearance of the no money down loans FHA loans have become increasingly popular because their 3.5% down payment requirement is the lowest of all loans currently available to most home buyers. FHA loans are generally utilized by home buyers who cannot qualify for conventional mortgages because FHA loans offer more flexibility with respect to down payment amount, credit score, debt to income (DTI) ratio and other important loan qualification variables. FHA loans charge an upfront mortgage insurance premium (MIP) which makes FHA loans origination fees significantly greater than conventional loans.

VA loans

VA Loans are available to borrowers who are serving or served in a branch of the US Military. VA home loans are overseen by the U.S. Department of Veterans Affairs and allow the home buyer the opportunity to purchase a home with no money down (100% financing!) provided 1) the home appraises and 2) the seller pays all closing costs. There is no PMI on VA loans but the VA charges an upfront VA funding fee which can be rolled into the closing costs. Veterans seeking to purchase a home with a VA loan must still prove sufficient income, credit and cash reserves.

ARM

An adjustable rate mortgage or ARM, also called variable rate mortgages, is a loan where the interest rate is not fixed but instead varies periodically. Interest rates on ARMs are usually linked to an index, like the LIBOR, and rates vary to reflect to the cost to the lender of borrowing money in the current credit market.

Home Equity Loan

A home equity loan is a loan where the borrower uses the equity in their home as collateral for repayment of the loan. Home equity loans are often used to finance major expenses like home renovations, unforeseen medical bills or children's college education. A home equity loan creates a lien against the borrower's house, and reduces the homeowner's equity in the home.

Home Equity Line Of Credit (HELOC)

A home equity line of credit, also called a HELOC, is a loan for a set amount that is secured by the borrowers existing equity in the home. HELOCs differ from home equity loans in that the borrower does not necessarily receive the entire loan amount up front but instead uses a line of credit to borrow amounts that do not exceed the set credit limit. Money can be borrowed using HELOCs during the draw period which can be anywhere from 5 to 25 years and the monthly repayment minimum is usually a small, interest only payment. The full principal amount of the loan, sometimes called a balloon payment, is due at the end of the draw period.

Sunday, October 21, 2012

You Will Look More Stylish With These Tips

If you have no sense of style, this article is for you. You need not have to be a misfit when it comes to fashion. It is actually very easy to improve your appearance.Keep reading to learn some great advice.

One helpful piece of fashion advice is to make sure you're always look for new trends and changes. They are usually share the new trends before anyone else.

If you are wearing a skirt that is very ornate and you would like it to stand out, you should match it with a solid colored shirt to help it stand out.

Your personality should fit your clothing. A lot of people will wear clothing simply because it is popular. Own your own style, no matter if is classic or grunge.

Don't forget the little touches to complete your outfit.When traveling, carry nice luggage and don't just keep one ratty umbrella around for when it rains.

Square heels should be avoided by people with really short legs.

Don't underestimate the importance of accessories. The right accessories can make the perfect complement or update to most any outfit. Make sure you give thought to the overall picture while dressing yourself.

Many women don't consider wearing the appropriate underwear is important.Your underwear is the basis for everything you wear.Get measured for your undergarments are the right size.

Dress according to the way that complements your personality. A lot of times people will wear clothing simply because it is trendy. Own your style, whatever it is.

Don't forget the power of accessorizing. The right choices of accessories can update to most any of your outfits. Make sure you give thought to the overall picture while dressing yourself.

Do not automatically trust a size on the label.Don't buy something with out trying it on. Sizes are no bearing on measurements any more.They can vary between brands. If you buy clothes online, you should at least be sure to check the sizing chart. Also look for if you can be returned.

Long hair can be a busy day. When there's no time to mess with your hair, put your hair up in a bun!

Try to go with 80%/20% divided between traditional and trendy styling into your wardrobe.Classic things will last you a while and are good for all seasons. Wear a nice belt in a hot new color with a pair of black pants. You can make your classic shirt a little snazzy by accenting it with a scarf to a tailored shirt to make it look even better.

Wear clothing that match your figure. You might not have the body for low-cut blouses, but you may feel that you have legs to die for.

Problems with hormones may cause both hair or skin is caused by hormonal issues. Your body's hormones can be unbalanced if you're stressed. If so, try to use some type of relaxation technique to calm down.

Spend time with a professional color consultant to find out the colors that flatter you. The color of your skin, eye color, such as looking slimmer.

You can make good use of your credit card to buy the basics you need one. As long as you have the intentions of paying back all of your credit cards, use it to buy some clothes to create a new wardrobe.

It is very important to have a good swimsuit.The style and color should fit the shape of your body. If your bust is smaller, it is essential that your top fits you.

Do not trust a size on the label. Always try your new clothing on clothes before buying them. Sizes aren't just based on measurements any more. They can vary between brands. If you must buy clothing online, use their size chart. Also make sure that all of the clothing you buy can return clothes if they don't fit.

Do you understand how simple it can be to be fashionable now? You can be in style if you try. You'll now be able to check out a store and find exactly what you need. Get to work creating new looks.

Sunday, October 14, 2012

Commercial And Consumer Micro Small Ticket Banking And Leasing Is Accessible To Dealers And Vendors Clients.

Commercial and consumer micro small ticket lending and leasing is offered to dealers and vendors customers. In this economy, consummating sales is difficult enough and this available financing could be a deal maker for the dealers and vendors clients.

U.S Corporate Capital Leasing Group offers small-ticket consumer and commercial micro ticket lending and equipment leasing to all new and credit-challenged businesses of any volume to its customers through our bank network. To assist close more deals, we work with different micro ticket lenders providing our customers with a choice of banking options, including start up businesses.

U.S Corporate Capital Leasing Group concentrate on providing financial solutions for micro-ticket transactions, or equipment ranging from 0 to ,000. The majority of other leasing companies simply won't consider Micro-ticket leasing because they are paying attention on more high-priced equipment deals

Our lenders can support more of the customers that dealers serve, and canin general approve 50% of the clients that other leasing companies can't or won't. Our banks use their own Proprietary Credit Scoring Model and Risk Adjusted Pricing unlike other leasing companies that make use of a pass / fail system. This means they can allow more credit situations, including:

Start-up businesses with no business credit history
Businesses in certain industries that are usually disqualified by other leasing companies
Businesses with challenged credit histories
Our lenders offer both consumer and commercial leases.

No Tax Returns, Financial Statements, Asset Documentation

Products that are not accepted include titled equipment, 100% software, fixtures, bankcard terminals, ATM, used copiers

For start-up restaurant lease transactions will be subject to a minimum security deposit of 5% along with one advance payment. Security deposits can either be applied towards the end of the lease or be returned at end of lease.

Our Lenders lease nationwide, including Alaska and Hawaii, however Puerto Rico and Canada is excluded.

In conclusion, these difficult economic times have put ahuge strain on the vendor, dealer and the client This program offers the vendor/dealer a way to get his client financed without all the red tape. This can generate a stimulus for sales and decrease the burden of trying to get a customer authorized for a small ticket item. For the client without the capital available to get the deal bought for cash, this also gives them a win win condition to get the deal done. These hard economic times have restricted the available financing in the marketplace but this is a excellent answer for all.

Thursday, October 4, 2012

Are Bad Credit Mobile Home Loans Easier than Getting Regular Home Loans

When you have bad credit and you need to find bad credit mobile home loans, then you need to know how easy it really is. If you were to take your bad credit to a bank or a mortgage lender, then you would struggle to find what you are looking for, but with a mobile home loan you can probably get one regardless of your credit.

This is simply because when you have bad credit more lenders do not want to sell you a house due to the large payment, but a mobile home comes with a much smaller and more manageable payment. Plus there are many different options that you can use to get the bad credit mobile home loans you are after.

How to Get Bad Credit Mobile Home Loans

Do you have bad credit? You are not alone and this should not stop you from getting the mobile home loan that you need. Even though most lenders would prefer to work with someone with good and established credit there are still a handful of lenders that will do bad credit mobile home loans.

When you first start your search for a mobile home loan you should ask the lender what type of credit score they require. It can be difficult to find a lender that will give a mobile home loan to someone with less than a 600 credit score, but there are a few that will work with you for a higher interest rate and possibly a larger down payment. By paying more down you will be reducing the amount you pay monthly anyway so it will work in your favor when it is all said and done.

You can try to get a bad credit loan through a home equity loan if possible. The lender will be looking at three main things: your credit, your income, and the collateral, or in this case your mobile home. They want to make sure you have enough income to cover the monthly payments and they also want to make sure that if you cannot pay they can get the money you owe from your collateral. By putting up the mobile home as equity you will be giving the lender more security, which will make it easier for you to get the loan that you desire.

If you have had a bankruptcy or have serious delinquencies on your credit, then you will most likely be falling into the bad credit category. This makes it more difficult to get the loan you need, but it is not impossible. This category may also include those that do not have a good source of income or are on a tight fixed income as well. There are programs that lenders use especially for these people, which are called subprime loans. These types of loans have higher interest rates and are given against the property itself.

The worse the economy becomes the more chances that lenders are willing to work with you regardless of your credit. Bad credit mobile home loans are starting to become the lenders normal loan and it is becoming much easier to get these loans for the borrowers as well.

A Final Note About Bad Credit Mobile Home Loans

Since you may be looking for a refinance loan for your mobile home or you may just be looking to purchase one you need to try all your different options. There are many lenders that will work with your bad credit and there are many lenders that specifically cater to doing bad credit mobile home loans.

You just need to take your time, compare a few different options, and find the right lender for you. It is necessary for you to get the loan you need and if you cannot find what you are looking for you should try comparing a few online lenders. This is a great way to find one of the many bad credit mobile home loans that you need.

Tuesday, October 2, 2012

Can The Irs Take My Pension?

IRS Problems can cause you and your family a lot of stress. You have worked hard all your life to be able to have a nice home and car. Now the IRS is threatening to take this all away. You have received a notice from the IRS stating that they are going to seize your assets to pay off the back taxes you owe. Can they do this? Can they take your car, your home, even your pension?

The IRS can seize your assets to pay your tax bill but there are certain assets that are safe from the IRS.

1. Clothing and school books
2. Fuel, food, furniture and personal effects up to ,500
3. Tools and books that are job related up to ,250
4. Unemployment, worker's compensation, public assistance and job training benefits
5. Undelivered mail
6. Certain annuity and pension benefits which includes the Railroad Retirement Act, Railroad Unemployment Insurance Act, Special Pensions for Medal of Honor winners, and Retired Serviceman's Family Protection Plan and Survivor Benefit Plan
7. Certain service-oriented disability payments
8. Deposits to the special Treasury fund made by members of the armed forces and Public Health Service employees who are on permanent duty assigned outside the US
9. A minimum amount exempt from a levy on wages, salary, and other income

You will notice that on the above list it says "certain annuity and pension benefits." These benefits are not completely exempt from the IRS. Your pension may be at risk if you owe a large sum to the IRS.

The IRS will typically seize your assets in this order:

1. Bank and checking accounts
2. Cars, boats, airplanes, and other recreational vehicles
3. Cash value life insurance
4. Accounts receivable
5. Stocks and bonds
6. Wages
7. Collectibles
8. Investment and vacation real estate
9. Pensions, IRAs and Keoghs
10. Home

As you can see, pensions are low on the list.

When the IRS seizes assets, they only need enough to pay off your tax bill. Do not forget, however, that your bill has been accruing penalties and interest so it has been increasing daily. If there are no other assets available to satisfy your bill than the IRS can seize your pension.