Why Pay Thousands Of Dollars In Closing Costs If You Don T Have To

Category: Finance.

No closing cost refinances loans are one of the best ways for you to save money when you refinance. With a no cost/ no points loan or a no closing cost mortgage, the broker will pay all closing costs!

Why pay thousands of dollars in closing costs if you don t have to? You keep the$ 2000- $3000 you would usually pay in closing costs as they are paid by the broker. Every time rates go lower, you can lower your rate with no costs, even if rates only go down. 25% . More importantly, because there are no costs paid in your refinance, we will continue to refinance your rate lower and lower as the market moves down with no costs. The key to no cost loans is the" break even point" . There are two components to closing costs: 1) The 3rd party closing costs( title insurance, appraisal, escrow, etc. ) 2) Points you pay to buy down your rate.

When you refinance with no costs your rate may be about. 25% higher and this means that you will have a slightly higher payment, but this works to your advantage as shown below. If a borrower takes out a loan for$ 300, 000 at 75% with$ 2750 in closing costs they will make a monthly payment of$ 1751 per month. This means that unless the borrower is in the loan longer than the breakeven point of the Closing Costs- $2750 divided by the Monthly Savings- $48 which equals 57( weeks) or 75 years than the No Cost Loan makes the most sense. Compare this to a borrower who takes out a$ 300, 000 loan with NO Closing costs at 00% with a monthly payment of$ 179The person taking out the No Closing Cost Refinance will pay an extra$ 48 per month, but will have saved$ 2750 in closing costs. If the borrower is going to be in the loan for longer than 75 years than paying closing costs and possibly points makes the most sense. There is no limit to how many times they can do this.

The added benefit is that if rates go down, a person in a No Cost Refinance can easily keep refinancing to a lower rate with no closing costs. No cost loans are one of the most misunderstood mortgage loans that exist. Most homeowners are simply no in their loans long enough to justify closing costs. Many mortgage brokers believe that they are a gimmick or scam, but the simple truth is that the math does not lie. If you are unsure about whether a no closing cost or no cost refinance is right for you, simply have your mortgage professional run the numbers!

Seattle Is A Very Well Diversified City In Terms Of Ethnic Representation

Category: Finance.

There is no question about it.

Due to the fact that it is essentially a port city, and that it is the biggest city in the Pacific Northwest, large numbers of immigrants are drawn to Seattle each year. Seattle is a very well diversified city in terms of ethnic representation. The result is large areas of ethnic concentration, work, were people live, and play among those with similar backgrounds and who speak same languages. Perhaps Seattle s most obvious immigrant population are those who have arrived from Asia. What this means for the potential Seattle resident, or for the real estate speculator, is that the city literally has something for everyone, and that includes those who may not speak English as their first language. Currently, Asian cultures make up over 16% of Seattle s total population.

Beyond the Asian community, Seattle is also home to large numbers of European immigrants. The city enjoys a rich diversity because of these residents- Seattle s Chinatown is among the largest and most well developed on the West Coast, and there are similar enclaves of Asian communities, including neighborhoods made up primarily of Japanese, and Korean households, Vietnamese. Notably, the Hungarian and German languages are prevalent in some of the city s most influential communities. The 2000 United States census showed that the immigrant population of Seattle actually grew by 40 percent in between 1990 and 2000, an incredible number that is expected to continue. The numbers of people who speak another language other than English as their first language are only expected to rise in Seattle over the coming years. For the individual real estate owner, this means that identifying likely areas of similar language congregation is well worth it, and for immigrants this means that a home in any enclave will likely increase in value over the next few years.

As a rule, immigrants tend to settle in areas that remind them of home and where there is already an established community. Immigration and real estate have long been tied together. In recent years, many immigrants to cities such as Seattle are quite wealthy, making a home purchase in particular neighborhoods an even more secure investment. When it comes to Seattle, language barriers are no impediment to secure real estate investments!

Read more...

Courses Range From Financial Certificates To PhD Degrees In Finance - Finance Articles:

In every college and university all over the world there are specific degree plans and departments that cater to financial education.

Credit Cards For Students Help Them Establish Credit - Gretchen Swensen about Finance:

Credit cards for students are a great deal for many individuals and groups. Credit cards for students eliminate the necessity of students carrying around a lot of cash to pay for their tuition, fees and miscellaneous expenses.

Comparing Trading On The NYSE, Dow Or S& P 500 And Forex Trading Reveals Several Contrasts

Category: Finance.

Forex trading commonly referred to as FX involves the trade of stock on the foreign exchange market. The pertinence of immersing yourself in the primary facts of forex trading is a guarantee for successful trading.

The use of various types of currency used all over the globe to trade sums it up. As indecipherable as the exchange quote may seem the first time, you can understand it by mastering the art of reading it, an ability that is most central. Despite the temptation to jump head first into forex trading, a lot of due diligence is needed on your part. As long as the investor is familiar with this skill, he is free to launch into other fields of trading on this awesome 24 hour forex exchange market. There are websites online that were created strictly for the goal of putting you through the process of forex trading and can be easily obtained by a cursory search using search engines. In addition, many of these sites also provide a platform for the investor who is a newcomer by making available to him/ her courses made to broaden their knowledge base. An intelligent investor makes judicious use of the services many of these sites offer, like live information and day by day commentaries.

Keeping with the world s dynamic political, social and economic environment is not hard for investors as forex trading is run twenty four hours everyday. The following day is set in motion after it journeys through New York, London and Tokyo back to Sydney. Sydney gets things going each day. Comparing trading on the NYSE, Dow or S& P 500 and forex trading reveals several contrasts. Lastly on a related observation, unlike a stock market, where all participants have access to the same prices, the forex market is divided into levels of access. at the top is the inter- bank market, which is made up of the largest investment banking firms. Don t be quick to make any monetary contributions until you are sure that you comprehend the nature of the market.

Within the inter- bank market, which are the, spreads difference between the bid and ask prices, are razor sharp and usually unavailable, and not known to players outside the inner circle. Also, return on margin, additionally interrelated( ROM) is often used to judge performance because it represents the gain or loss compared to the exchange s perceived risk as reflected in required margin.

Read more...

As Technology Has Increased, So Has Credit Card Fraud - Finance Articles:

As technology has increased, so has credit card fraud.

Amex Blue Card - Finance Articles:

Cash Back Rewards. Many offer an introductory interest rate of zero percent, the length of this introductory rate varies by company, usually six to twelve months.

Credit Cards Are Almost Essential In This Modern World - Deanna Carvajal about Finance:

Many people have viewed the Capital One credit card advertisements on television. Capital One secured credit cards offer some special benefits for a group of people that would not receive a normal credit card.

At The Moment The Only Investment Worth Holding On To Is Gold, Which Has Kept Its Value Fairly Strong Regardless Of The Financial Difficulties Not Only The US Is Going Through But Several Other Currencies As Well

Category: Finance.

As it has been discussed many times over, especially in US, money currency( the US dollar) tends to rapidly depreciate according to the financial movements we are living.

At the moment the only investment worth holding on to is gold, which has kept its value fairly strong regardless of the financial difficulties not only the US is going through but several other currencies as well. The US dollar is the main currency which is used to give equities and commodities their value, with the backing value of gold behind this currency the worth of every dollar remained strong, however due to inflation and a declining economy which many consider may fall into recession nothing is sure as far as the future value of money. Some people may find this result logical, after all the US dollar is one of the currencies used to give gold it s worth, if the value of the USD falls then the value of gold rises, at least those who trade currencies have certainly seen it this way. It is most certain that having future payments or instruments which deliver their full potential many years from now are loosing their worth dramatically so why hold on to them? the smartest move would be to cash that future note and reinvest it in areas which are much more stable, this would leave out the declining housing market in the US of course. It is funny how money can fluctuate, appear strong during some years and dramatically loose its value in a few months, smart investors know that we live in times when the value of not only the USD but many currencies are loosing their worth, so the most important thing to do is to think in terms of yield and alternative investments. As presidential elections get closer we hear candidates say how they will change this and that in order to alleviate the financial stress and deficit the country is going through, however those who decide how money will be spent and invested are each and every one of us, no candidate can tell you how to effectively invest your annuities and structured settlements, it is up to you to know the current value of your investments and make an intelligent and educated decision about them. Opposed to what many people may think, annuities and similar, their structured settlements investments are not gaining any value or interest and as time goes by the risks which recession can bring about could greatly diminish what little we have today.

There used to be a time when the Fed didn t print out much money in order to keep the economy a float and it was said that the makers of the game" monopoly" printed more money than the US treasury, sadly enough the game has changed and things are now the other way around.

Read more...

So How Do You Go About Finding Finance If You Have A Bad Credit History - Finance Articles:

For those with bad credit ratings or previous court judgements against their name, finding a loan can be tough.

Homeowner Loan Is The Term Given To The Finance Offered By Lenders To Homeowners Exclusively - Finance:

Homeowner loan is the term given to the finance offered by lenders to homeowners exclusively.

One Solution You Can Consider Is Debt Consolidation - Aileen Bertelsen's Finance blog:

For some people, getting into debt is inevitable because of emergencies or other unforeseen events.

Accounting Is The Vocabulary Of Money

Category: Finance.

Author of the" Cash Flow Quadrant" book, says his, Robert Kiyosaki" Rich Dad" maintains that real estate investing is not rocket- science. But it s common knowledge that logic is not, terribly common, in fact.

Rich Dad suggested it was simply an issue of using logic. According to" Rich Dad" , the least effective investors are people who have simply not studied the process. Others leap before they look and wind up suffering a loss. They assume that real estate investing is either a scam or just too risky. The best opinion anyone can have concerning real estate investing is simply to educate yourself. One of your most valuable resources is time and if you waste that, you ll often find that your money will come next- money you have in hand that you wind up squandering, money you would have saved if you had simply invested the time to figure out the techniques of successful investors. "That is just fine and dandy, " you may say. If, in your rush to make money, you start investing without that education, you ll be doing yourself a big disservice.

You most likely accede that education is typically a smart thing. But" what training should I get? " may be what you are asking. Knowledge is power, after all. Your second question is probably going to be, "How do I go about getting it? " The first thing you can do is study some fundamental accounting, which is not as ambiguous as it appears to be. If you re planning on investing in a company or an investment property( or whatever) , you ll want to be able to check up on it to see if it ll be a benefit( make you money) or a liability( cost you money) . Accounting is the vocabulary of money. It sounds like common wisdom when you think about it, doesn t it?

There are 4 common types of financial statements: cash flow statements, balance sheets, income statements, and statements that express changes in a share holder s equity. But if you want to be able to establish these things, you ll want to be able to understand accounting- statements. The last is fairly self explanatory, and addresses the characteristics that lie between at 2 different points in time. Your" cash flow statement" is a certificate that depicts the cash needed to make a company function properly, together with where the money came from. A shareholder s equity is it s total assets subtracting it s total expenses, essentially the net worth of a company. Wikipedia equates a business to a very big kettle of H20 which catches more of the liquid and has lines pouring out of it- into the investor s pockets and those to whom the company is in debt. The earnings( or P& L statement) keeps track of a businesses earnings and losses due to expenditures over a period of time, while a balance sheet provides a description the same thing for 1 particular time- period and addresses liabilities and assets.

Your cash- flow- statement attempts to communicate the activity of the liquid- or in other words the movement of that cash. It all seems quite straightforward until you reflect upon" Rich Dad s" advice on telling your liabilities and assets apart. It sounds rational. He says that the bank, will declare your, for instance property of residence as an asset. After all, it is some thing you own, right? It s considered a liability because it ultimately costs you money in payments and repairs.

But as stated by Kiyosaki s rich dad s definition of liabilities and assets, your house is generally a liability. It definitely isn t earning money for you, and up to the time it begins doing that( say, you change residence and are able to rent the first property out to make you some money) , then it still is not an asset on your balance sheet. The house you are living in is an asset on THEIR balance sheet because it is making money for them. Not that the bank is lying to you outright. That s the type of thing you can figure out for yourself and determine whether you are losing or making money on an investment, if you take the time to educate yourself education. Don t forget: Knowledge is power.

Read more...

First Of All, Your Dental Insurance Is Very Likely Not To Cover Any Of The Conditions You Had Prior To Buying The Policy - Letha Petermann's Finance blog:

When people want to find a solution to covering their dental care expenses, many of them normally think of dental insurance. Therefore, people usually choose dental insurance and pay for a policy only to discover later on that this was not their best option, for several reasons.

Arizona Mortgage Lenders Normally Follow A Standard Set Of Guidelines Regarding Refinance - Finance Articles:

Arizona mortgage lenders normally follow a standard set of guidelines regarding refinance.

There Are Many Benefits To Bullhead Interest Only Mortgage Loans - Finance Articles:

The Bullhead interest only home loan has become increasingly common as more and more people seek new options for home ownership. Interest only mortgage loans make it possible for more people to buy a home here, even those who don t have a down payment.

The Good News Is That This Is Possible With The Help Of Your Factoring Company

Category: Finance.

If you own a small to medium size business and have reputed customers or supply to government companies on credit, then you might have a lot of funds blocked up during the credit period, which could be from 30 to 90 days.

This would increase your cash flow and help you tide over routine expenses such as salaries, etc, payments to suppliers. It would be wonderful if you could get immediate cash against your sales. It would be even better if you would not have to take a loan against any collateral and worry about paying your installments on time. When you take the services of a factoring company, they will" buy" your credit invoices that you have issued to your customers or government bodies. The good news is that this is possible with the help of your factoring company. They will then make the payment of the invoice amount in 2 installments. The 2nd installment will be given to you after deducting the factoring company s charge when your customer makes the payment on the due date.

The 1st installment will be transferred to your account electronically within 1 or 2 days and could be 60 to 90 percent of your invoice value. This charge will depend on your customer credit rating as perceived by your factoring company, your credit terms with your customers and the volume of sales. This service by the factoring company frees your money blocked in the credit period and improves your cash flow. Therefore, you get most of your invoice amount almost immediately even though you have sold goods on credit. This enables you to pay your staff salaries, and can even, your suppliers help you make bulk purchases at special discounted rates. You can even bag big orders from your customers, which previously would not have been possible because of the large amount of your money being locked up. This can now enable you to increase your sales.

Hence, due to factoring companies, your sales and cash flow will improve immediately. Once they" buy" your invoice, they will then follow it up with your customers to get the payment released. The factoring companies can also take care of the collection side of your business. They will also release regular reports of payments received and accounts receivable to you. No more sleepless nights worrying about payments. This can help you in re- directing your collection department to some other work and you too can concentrate on other areas instead of worrying about collections. However, your gross profit margins should be above 15 percent for you to actually enjoy the financial aspect of this service.

Your increased sales will fully utilize the potential of this facility. Getting your money quick enough should not be the only criteria since you would have to pay a factoring charge of 5 to 5 percent, depending on the above- mentioned factors. So factoring companies are not only financiers against your sales, but are also an integral extension of your business since they also look after collections and bad debts. Hence, factoring companies help your company to become stable and grow at the same time.

Read more...

- Articles:

You Can Obtain A Free Copy Of Your Credit Report Right Online

Category: Finance.

Even if you aren t applying for a job, a background check of your credit report is something you must do.

You will find a number of different ways to do this, including with or without your credit score. Experts recommend pulling a copy of your credit report each year to see what is on it. A background check of your credit report tells others what type of a person you are in regards to finances. You can obtain this information through an online source that provides free unlimited background checks of all your records or through the credit reporting agencies. It s imperative that you have an accurate account of the person you are represented on your credit report. You can obtain a free copy of your credit report right online. You should pull one from each of the three credit reporting agencies, Transunion, Experian, and Equifax.

You are entitled to one free report each year. Check the report for any misreported information. This can help to protect you against identity theft. It s also important to check them for any accounts that have been opened in your name that are not yours. When you go through this process, you ll clearly see what others see when they check your credit report. The official site is not the ads you see on tv but it is at annual credit report dot com. You can obtain this without a credit card or obligation to a credit monitoring service.

You can also call the 3 agencies and request by phone and they have an automated system that will allow you to do so. If you do find an error on any of these reports, you can file a dispute with the credit reporting agency. Again you can find online sources that report all your pulic records in one location providing you free background checks that you may access at any time. They will investigate and try to prove your case. I have to tell you that from past experience, you must be persistant and firm and do not give up. Once this is complete, they make the determination to either keep the item on your file or to remove it, depending on what happens from the investigation. The agencies will try to ignore your requests but persistance will pay off.

One of the letters in that book enabled me to get 5 out of 7 negative items removed with one letter. I have to say I was skeptical about some of the credit secrets available, but I did purchase the credit secrets bible( resource in bio box) and I have better results using their letters than when I tried on my own. It took some fighting and persistance and I continued to send the other letters until all was removed. You can repair your own credit with the right information and patience. You do have to be persistant and I think they hope you will go away, but with the steps in credit secrets I was able to have more success and got more results. There are more than just lenders looking at your credit report. If you wish to obtain employment with some firms, they too will consider an employment background check that includes your credit history.

Those that are considering you for an insurance product check it. Those looking to rent a home also have their credit report considered. The best sources online provide all of your public records in one convenient location and you can get a free background check anytime. Therefore, make sure yours are completely up to date and accurate.

Read more...

This Eventually Leads To Business Credit Cards - Finance Articles:

But then, what about those people whose credit records have suffered a few incapacitating knocks, leaving them in the bad debt category?

Finding A Good Property Foreclosure Bargain Requires A Careful Analysis Of The Real Estate Market - Finance Articles:

Nowadays it s not uncommon for people to have trouble paying off their mortgage loans.

The Second Risk Is Related To Your Credit Score - Jeannine Lucy's Finance blog:

The theoretical financial provisions made in the business plan may well not cover everything in practice.