Refinance Your Home Mortgage Online

The largest financial obligation most people ever take on couldn’t escape the reach of the Internet. Home mortgage loans originated online comprise an integral part of one of the largest and most profitable aspects of the banking industry. Unlike many shifts in big business recently, this change actually seems to greatly benefit consumers by increasing competition and placing more financial control in the hands of homeowners.

To finance or refinance a home in the olden days (before the Internet), you needed to find a mortgage lender, broker, or banker who wanted to make a loan for you. Though mortgage lenders always wanted to make good loans, the process of gathering information to compare interest rates, points, and loan programs among lenders presented a tedious task for borrowers. Without a centralized information source for mortgage rates, loan programs and financial advice, most people just called a few banks and went with the lender that seemed to offer the lowest rate for the least discount points.

Now borrowers can access up-to-the-minute financial information and economic indicators online. Comparing rates and fees between lenders takes only the click of a mouse. Loan programs and mortgage calculators quickly figure the best strategy for everything from which loan represents the lowest cost over time to how much money a borrower could save by prepaying their mortgage on a monthly or bi-weekly basis. Financial tools available online truly empower any borrower with Internet access.

Though the Internet represents a faster and more hassle-free way to refinance your first or second mortgage, remember these important facts:

Loan Programs – Just because the Internet makes the loan process easier doesn’t mean you should abandon common sense. Take the time to analyze which loan program best meets your needs based on the big picture of how long you’ll live in the house, the payment you can handle comfortably, and how much cash or equity the lender requires.

Fees – All lenders don’t charge equally. Many offer a lower interest rate, but make up the discount in fees and charges. Analyze costs between lenders by obtaining a list of all associated loan fees known as a “Good Faith Estimate”.

Service – Obtaining a loan online won’t do you a bit of good if you run into a problem and need to speak with a live human. Make sure your online lender maintains offline customer service.

Rate Lock-in – The lender’s website should clearly explain their interest rate lock-in period and policy. Don’t get lured in by a lender offering a lower rate and points only to find out the hard way that your interest rate lock expires before you can get the loan closed.

Loan Commitment – Find out from the lender’s site what legally binding documentation they provide to document the loan commitment once you get loan approval.

Though many borrowers use the Internet purely for research, record numbers now go online to apply and complete the entire mortgage process on the Web, while saving significant money and time in the process.

Copyright 2005 Jim Edwards

About The Author

Jim Edwards is a consultant specializing in internet mortgage refinance strategies and consumer home loan information. He is the author of "The TEN Dirty Little Secrets Of Mortgage Financing" at http://www.mortgageloantips.com/info.

A problem called ‘Credit Card Debt

Credit cards are no more a luxury, they are almost a necessity. So, you would imagine a lot of people going for credit cards. In fact, a lot of people posses more than one credit cards. So, the credit card industry is growing by leaps and bounds. However, the credit card industry and credit card holders are posed with a big problem called ‘Credit Card Debt’. In order to understand what ‘credit card debt’ actually means, we need to understand the workflow associated with the use of credit cards as such.

Credit cards, as the name suggests, are cards on which you can get credit i.e. make borrowings (your credit card debt). Your credit card is a representative of the credit account that you hold with the credit card supplier. Whatever payments you make using your credit card are actually your borrowings that contribute towards your credit card debt. Your total credit card debt is the total amount you owe credit card supplier. You must settle your credit card debt on a monthly basis. So, you receive a monthly statement or your credit card bill which shows your total credit card debt. You must pay off your credit card debt by the payment due date failing which you will incur late fee and interest charges. However, you have the option of making a partial (minimum) payment too, in which case you don’t incur late fee but just the interest charges on your credit card debt. If you don’t pay off your credit card debt in full, the interest charges too get added to it. So your credit card debt keeps on increasing, more so because the interest rates on credit card debt are generally higher than the interest rates on other kind of loans/borrowings. Further, the interest charges add on to your credit card debt each month to form the new balance or the new credit card debt amount. If you continue making partial payments (or no payments) the interest charges are calculated afresh on the new credit card debt. So you end up paying interest on the last month’s interest too. Thus your credit card debt accumulates rapidly and soon you find that what was once a relatively small credit card debt has ballooned into a big amount which you find almost impossible to pay. Moreover, if you don’t still control your spending habits, your credit card debt rises even faster. This is how the vicious circle of credit card debt works.

Credit Card Debt Freedom is Possible

Credit Card Debt Freedom is Possible
By Joe Duchesne

Credit card debt have you drowning financially? You're not alone.

The average American household carries $9,205 in credit card debt, according to CardWeb, an online industry tracker. Not managed properly, this debt can come to eat up all of your disposable income leaving little or nothing for bare necessities. Some people in this situation respond by charging more but that will only get you further in trouble.
Fail to plan and you plan to fail There is this cliché that states that if you fail to plan you plan to fail. The first thing you need to do is evaluate where you want to be. Do you want freedom from your credit card burden? Is so, you need to develop a different action plan to the one you are currently following. Makes sense doesn't it?
Start by listing all of the debt you currently owe along with a list of what your monthly obligations are for each debt. At the top of the page, list the amount of income available to pay these debts after essentials like food, hydro, etc... are taken out. When listing essentials, it's important to include a certain amount for clothes, medical and entertainment because no matter how good your intentions, you will spend some money in these areas. If you budget ahead for them, you are less likely to just waste it.
Start paying one credit card first
Don't try to pay off all of your credit cards at once. Doing this will take too long and end up discouraging you. You're better off concentrating on getting one card paid off, then putting the money you've freed up from that one card and applying it to the next one and so forth.
Which credit card charges you the highest rate of interest? Start with that one. Pay the minimum due on all of your credit cards expect for the one you have chosen to focus on first. On that card, put as much money as your budget allows onto the card after all of your expenses and debts have been factored in. Keep doing this month after month until the credit card balance goes to zero.
Loose all credit cards except one
Plan to keep one major credit card for unexpected expenses, car rentals and emergencies. Get rid of all your other cards as you pay them off. Most people can't resist the temptation to spend money on a clean card. If this describes you, you're better off without many credit cards than you are to get right back into deep credit card debt.
Follow this plan, and depending on how much you owe, in a year or so, you should have pretty much achieved credit card debt freedom!
Joe Duchesne is the webmaster of Bootdebt.com a website dedicated to helping people with credit card debt, debt consolidation, getting out of debt and becoming financially literate. Reprint freely as long as you keep this resource box and include a live keyword rich link back to my website.

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Refinance Your Second Mortgage

Refinance Your Second Mortgage
Carrie Reeder

A 2nd mortgage is a secured loan on your property, with your home serving as collateral. Depending on the particular terms of your second mortgage, you could be able to refinance if you wish to reduce your monthly payments or are in need of extra cash. Refinancing a 2nd mortgage can be an option for those who want to pay off their mortgage (excluding any home equity lines of credit), reduce the interest rate they currently pay on their second mortgage, or simply want reduce their monthly payments. Refinancing a 2nd mortgage can also be an option if the homeowner wants to pay off the mortgage, including home equity lines of credit, and receive cash.

You can refinance your second mortgage even if your credit is less than perfect. Second mortgages are an excellent means of reducing monthly payments and getting extra cash for bills, remodeling needs, or any reason the homeowner sees fit. If your interest rate on your 2nd mortgage is substantially above the current interest rates being offered by most lenders, you may be able to refinance your second mortgage. Sub-prime loans are available for second mortgage refinances and even with adverse credit, you may be able to lower the amount of interest you pay on your second mortgage. A poor credit rating is no reason not to explore the possibility of refinancing your 2nd mortgage.

Lenders are standing by to give you a no-obligation quote on refinancing your second mortgage. You can get quotes from several different lenders with one simple application, reducing the number of inquiries on your credit report. Often you can submit your application with no initial credit inquiry at all. Now is the perfect time to think about refinancing your second mortgage. You could be approved in less than twenty-four hours and begin saving money each and every month.

Refinancing your second mortgage is a fast, easy process and with the availability of multiple quotes from one simple application you will be assured you are receiving the lowest rate and best terms possible for your individual situation. If you have poor credit, you may still be able to refinance your 2nd mortgage. Mortgage lenders work with any credit situation and may be able to save you money by refinancing at a much lower interest rate that you currently pay. Get multiple quotes on refinancing your second mortgage from one fast, simple online application. The potential decrease in your interest rate could save you money on your payments each and every month.

To view our list of recommended second mortgage refinance lenders, visit this
page: Recommended 2nd
Mortgage Refinance Lenders.

About the Author
Carrie Reeder is the owner of ABC Loan
Guide, an informational website with articles and the latest news about
various types of loans.

Auto Refinance

You've probably heard of auto refinance before. Or simply to refinance.

The term "refinance" actually refers to the economic situation in which the borrower finds financing to pay the current loan. Refinance is often the practice for a home purchase. In fact, refinancing is one of the most popular methods of obtaining mortgage financing.


With auto refinance, the same applies. Auto refinance is basically a loan to pay for a new loan. The objective is to refinance to allow the borrower to save money on your monthly loan obligations. And as such, is one of the best kept secrets in the financial industry. For years, people have refinancing their homes and save thousands of dollars. However, the practice of refinancing car loans has not yet been delivered by the majority.
Why? Perhaps the reason is that auto loans generally behave differently from home loans and people are naturally skeptical about new methods. Regardless, auto refinance is still a good choice, provided that the situation is right.

When to get an Auto Refinance Loan


Only few people really understand the time value of money. Keep in mind that the longer you pay for a loan, the bigger amount of money you actually spend for it. Thus, by the end of the loan period, you would have paid more money on interest than on the principal. This is why auto refinance is important for it is one of the few methods that could help you minimize loan costs and maximize your savings.


Who can benefit from Auto Refinance?

Almost anyone with a loan to his name can benefit from auto refinance. Even car buyers with bad credit can obtain auto refinance as a way for them to lower down their APRs. Let's say, for instance, you make an auto refinance loan for $16,500 on a new Honda Accord. At the end of six months, you agree to pay off the amount at 21% APR. So for a few months, this will be your monthly loan obligation.

Then, you decide to take an auto refinance loan. However, this time, your loan ate is at 6% APR. Your current monthly payment is $446 which gives you total interest charges of $10,283 at the end of your loan period. Your auto refinance loan offers you a monthly payment of $319 with total interest charges
of $2,639. Thus, by refinancing, you can save up to $7,600.

Alternative Venture Finance: Federal Grants and Loans

Alternative Venture Finance: Federal Grants and Loans
Dave Lavinsky

While most companies seeking venture capital initially think about angel investors and venture capitalists, a large alternative source of financing is federal grants and loans. The two largest federal grant programs are run by the Small Business Administration (SBA), and by Small Business Investment Companies (SBICs).

An SBA loan, regardless of whether it is a direct loan from the SBA, or, as is more common, a bank loan guaranteed by the SBA, is essentially a bank loan. The benefit of it versus a traditional bank loan is the rate. SBA rates are typically much less than traditional business loan rates.

In most cases, in a guaranteed SBA bank loan, the SBA guarantees 90 percent of the loan will be repaid to the bank. As such, banks are at much less risk than in most other loans, and are a bit more flexible with regards to who they offer these loans. However, the SBA usually requires the founders of the company to personally guarantee the loans, which makes them risky should the venture collapse.

Alternatively, Small Business Investment Companies (SBICs) are privately organized corporations that are licensed and regulated by the SBA. Small or emerging businesses which qualify for assistance from the SBIC program can receive equity capital and/or long-term loans from these companies. Essentially, these companies provide their own capital, which is supplemented by federal funds, to the companies they fund.

Interestingly, U.S. taxpayers benefit from the SBIC program as tax revenues generated from successful SBIC investments have more than covered the cost of the program. Likewise the program has created hundreds of thousands of jobs.

In summary, SBA and SBIC financing are viable alternatives to financing from angel investors and venture capitalists and should be considered in the capital raising process. Similarly to angel and VC financing, companies seeking SBA and SBIC financing need a strong management team and value proposition, and a highly professional and compelling business plan in order to raise the capital they need.

About the Author
As President of Growthink Business Plans, Dave Lavinsky has helped the company become one of the premier business plan development firms. Since its inception, Growthink has developed over 200 business plans. Growthink clients have collectively raised over $750 million in financing, launched numerous new product and service lines and gained competitive advantage and market share.

A College Loan Will Finance Your Education!

A College Loan Will Finance Your Education!

A college loan has given people all over the United States a chance to further their education, even if they are not making a lot of money. Education loans can be a big help in paying for college. You'll find these loans offer a low interest rate and a generous repayment period. Of course, student loans must be repaid, usually with interest, although some education loans have provisions for cancellation if the borrower performs a program-related service. If you are looking for a loan, be aware that there are many different types of loans. Try to find the student loan that fits you the best. For example, there is a loan called the Federal Stafford Loan. The Federal Stafford Loan is the most widely used loan in the student education loan program. Federal guidelines limit the maximum interest rate to no more than 8.25% and outline repayment terms of up to 10 years. Remember that if you ever need help or are falling behind on payments, consider a consolidate student loan.

Tips on getting a deferment for your College Loan.

If for some reason you are unable to meet your monthly payments, consider a college loan deferment. A deferment is a suspension of payments for special reasons. Usually, those who borrowed their first Stafford Loans after July 1, 1993, are eligible to defer payments if are enrolled in at least half-time at an eligible school, unemployed, in a graduate fellowship program, in a rehabilitation training program for people with disabilities, or suffering economic hardship. A college education is expensive, but with the right student loan you will be attending class without financial worry in no time!

Mike Yeager

4 Good Reasons to Get a Refinance Home Loan

Refinance Your Home Now and Lower Your Interest Rate
What is a refinance home loan?

A refinance home loan or a home loan refinance is a new loan obtained through your lender or a new lender to pay off existing loan. However, you may opt to apply for a lower interest rate and or cash out on your homes equity.

When should I refinance my home? It is a known fact that interest rates are lower than they have been in years. This is due to our fast paced and ever changing economy and market. Now would be the perfect opportunity to refinance your home to obtain a lower interest rate. Even a .25 difference can save you thousands of dollars a year in mortgage payments.

Why should I refinance my home?
There are several reasons home owners decides to refinance. The four most common reasons include:
To obtain a lower interest rate
Home owner generally are aware of interest rate down fall. They take advantage of this opportunity by applying to a refinance loan to lower their existing interest rates and save money on mortgage expenses. The money that a borrower saves on mortgage expenses can be invested in other financial investments.
To receive a refinance cash out
Some home owners who have enough equity accumulated in their homes refinance to cash out their equity and get a lower interest rate
To make home improvements
Sooner than later you will find that maintaining your home is hard work (not to mention quite expensive). In most cases, home owners will pursue a refinance, rather than a personal loan, in order to save on interest rates. A personal loan may have higher interest rates and are normally, not as large as a home improvement loan.
To change loan programs
A majority of home owner refinance because they are not satisfied with their current loan program. They may be under a 5 year arm, but somewhere down the line they decided they would prefer a 30 year fixed loan. Whatever the reason may be, a refinance home loan will solve the problem.

What are the benefits of refinancing my home?
There are several benefits included with refinancing your home, including:
Your credit may be in better standings then before you purchased your home, now you can refinance and obtain a more suitable loan, with lower interest rates and terms.
Or, you can obtain a home equity line of credit and have cash available when you need it.
With refinance cash out, your lender can consolidate your bills and pay off all of your debt. You will not have to deal with the hassle by yourself.


What are the different refinance loan options?
As with a traditional loan, refinance home loans offer some of the same loan programs, such as:
10/15/30 year fixed
Zero Down
Interest Only
And so on

Where can I refinance my loan?
You can apply for a refinance home loan through your current lender. Or you may search for a new lender more suitable to your financial needs. This search can be done by internet search, flipping through the yellow pages, or consulting with your real estate agent.

About the Author
Khali S. founder of Home Loan Guidance - a free online guide to help discover more home loan options secrets.

SIte Map

Online credit card usage

Online credit card usage - convenience at its best

Commerce and technology, combined as a package - this is what online credit cards.
With the advent of Internet knowledge and communication barriers were broken. Also, with internet, came the concept of e-shops or virtual shops that existed only on the Internet. You could shop at these stores by using their online credit card payment-acceptance. Once the online credit card payments were verified and approved, got the goods to your door. This is what we call convenience at its best.

With more and more e-shops getting setup everyday, online credit card use of ever more popular. The possibility of receiving online credit card payments has given a whole new dimension to shopping. Now, you can not only shop from the comfort of your home, you can even discounts on these products. This is really great. No need to bother about the weather, not to worry about traffic jams or any other thing. Just go to an e-shop, select a product using their online credit card payment-acceptance ability to pay and ready to receive the goods at your door.
With online credit card processing facility, has a business (online business) are just incredibly easy.

However, there is nothing without pitfalls. One of the pitfalls of online credit card use is the possibility of online credit card fraud. This online credit card fraud can happen in two ways. The first is related to the company on whose website you made online credit card payment for the purchase of property, this holding was fraudulent ie would the online credit card payment from you, but the goods to you to deliver his. Moreover, they could use the information from your credit card (received through completing online credit card payment form by you) for fraudulent purposes. The second type of fraud is committed by fraudsters who use various software / devices to the details of online credit card payments to catch (if you enter them on the online credit card payment form from a website). These programs s are popularly known as spyware and these fraudsters as online spies. The spyware works by capturing keystrokes or taking screenshots of what you do on your computer and then forwarded to the spy. However, there are anti-spyware software available that can be used to counter such spyware.

Yes, the advent of online credit card usage facility is a blessing for us. However, you should exercise caution when making online credit card payments eg do not access your online bank account or credit card payments from internet cafes to do (unless you are absolutely sure about the credentials of the internet).

Is business credit card helpful?

Is business credit card helpful?

which comes almost immediately s. This is true at least for most businesses (especially SMEs). Before we delve deeper into how business credit cards are helpful, we do try to understand what a business credit card.

Simply put, a business credit card , which is owned by a company and not an individual. To understand this better, you can simply draw an analogy between the business credit cards and bank accounts in the name of the company as well. Other than that, business credit cards work in pretty much the same way as personal credit cards, with few exceptions. These exceptions are in the form of flexibility in credit limit, low APR and some other benefits that are only for business customers credit cards.

Even from just that, business credit cards seem a good proposition. However, business credit cards would be attractive even without those benefits because the main benefit lies elsewhere. The big-big benefit from a business credit card is realised in terms of business expense accounting. For most small businesses, business expense accounting is a big overhead. With business credit cards, this is handled very easily – you just have to ensure that you make all your business expenses on your business credit card and let the personal expenses be on the personal credit card i.e. segregation of business and personal expenses is all you need to do. So the bill for your business credit card will have all the business expenses on it and you wouldn’t need to collate all the various bills or sort out the items from your personal credit card bill. The key here is to make sure that you use your business credit card for all your business expenses (or as much as you can). Moreover, a lot of business credit card suppliers realise this need of small business and even organise the business credit card bills in a way that meets the accounting requirements of these businesses. So mostly, they will appropriately group the expenses on the business credit card bill so as to facilitate business expense accounting. In fact, some of the business credit card suppliers go to an extent of providing the bills in a format that can be downloaded and exported to an accounting system i.e. you don’t need to enter the data manually in your accounting system. In case the format is not suitable for your accounting system, you can hire a software professional to write a small quick program to convert it into a suitable format.

Thus, only one reason - facilitate business expense accounting , is enough to help small business credit cards.

Southwest Airline Credit Card

Southwest Airline Credit Card

Southwest airline credit cards is a good example of co-branded credit card. Southwest airlines and Chase have teamed up to bring the southwest airline credit card for you. At the time of writing this article, there are two popular southwest airline cards which are also collectively referred to as Southwest Airlines rapid rewards Visa cards. One of these southwest airline credit cards is for personal use (this is called Southwest Airlines Rapid Rewards Visa Signature Card) and the other southwest airline credit card is for business use. Both these southwest airline credit cards are aimed at getting a round trip price faster.

There are several ways you can earn reward points with Southwest airline credit card. Southwest airline credit card thus has two types of reward points there are two churches where you can earn reward points - rapid reward credits and rapid reward dollars. The rapid reward credits are a much higher reward denomination in relation to the reward dollars (eg, by writing this article, is 1200 U.S. dollars reward equivalent to a rapid reward credit).

So how do you earn and redeem the reward points on the southwest airline credit card?

You get bonus reward credits after your first purchase on the southwest airline credit card. These purchases need not be on Southwest Airlines products and services, they may be only a few purchases made through southwest airline credit card. You earn reward dollars for any expenditures you make using your southwest airline credit card. There is extra reward dollars, when using the southwest airline credit card Southwest Airlines (ie when using the southwest airline credit card to use on Southwest Airlines products and services). If more than we believe, is the reward dollars more compared to those earned on other, non-southwest airline, purchases. As you keep collecting reward dollars, keep you moving closer to a round-trip price. Usually, the tour prices based on rapid reward credits. So you can convert the reward dollars, earned on the southwest airline credit card, in rapid reward credits and convert rapid reward credits into your roundtrip award. Another way to make rapid rewards credit on southwest airline credit cards is through balance transfers.

Southwest airline credit cards is surely a good option for people who travel frequently by air with Southwest Airlines. Since the network of Southwest Airlines is pretty widespread, you will discover that you are able to get Southwest Airlines flight to most places you want to travel to and thus get an opportunity to use the southwest airline credit card to earn reward points (or reward dollars, as they call them).