Home Buyers May Choose Between Loans
A choice that home buyers and refinancers must make is whether to select
an adjustable rate or a fixed rate loan. If your income is just within the limits
to buy a home with an adjustable rate loan and you expect your income to go up,
an adjustable rate loan will help you buy a house now. Since we don't know what
will happen with interest rates, it may be worthwhile to make the investment.
more at Colorado State University
Get Tips About Student Loans from California State
A loan is a form of financial aid which must be repaid. The terms for
repayment are specified in the promissory note that the recipient signs prior
to receipt of the first loan disbursement. Before signing the promissory note,
students should thoroughly understand all their rights and responsibilities concerning
any loan received.
more at California State University
Information and Tools for Home Loans
'Home Refinance Loans' is an online loan marketplace where hundreds of lenders compete for your business and you choose the loan and rate that's right for you. They'll use proprietary software and a database of over 1000 lenders nationwide to meet your exact needs and get you today's lowest rates, with no obligation from your side.
Scenerio: You receive a call or see an advertisement for a pre-approved loan
or credit card and call to receive an application. The company claims it can
offer you a loan regardless of your credit history. All you have to do is pay
an up-front "insurance," "security," or "processing" fee.
Advance fee loan schemes typically target those who can
least afford to lose their money - the unemployed, those on fixed incomes and
those deeply in debt.
Despite the Better Business Bureau's (BBB) warnings, many
consumers and small businesses continue to lose large sums of money to fraudulent
loan brokers. These advance fee loan fraud companies advertise in local newspapers
and free shopper guides and employ slick telemarketers to promote their scams.
Consumers who answer such ads are told that their credit application can be taken
over the phone and are asked for advance processing fees that range anywhere
from $25 to hundreds of dollars. Once the advance fee is paid, the company keeps
the fee and fails to process the loan application or to issue a credit card.
In the past several years, hundreds of fraudulent loan
brokers have set up operations across the country and in Canada, targeting out-of-state
victims, collecting their money and then, closing shop. Some have re-opened their
doors under different names, hoping to bilk new borrowers while going after old
victims for a second time.
Consumers and businesses should keep in mind that legitimate
lenders never guarantee that you will definitely get a loan or a credit card
before you apply - especially if you have bad credit, no credit or bankruptcy.
If a telemarketer asks you to forward an up front fee for a "guaranteed" loan,
hang up! Never give out your bank account or credit card numbers to any unfamiliar
company over the phone. Be sure to check the company out with the BBB. Also,
before signing for any loan, you should have a clear understanding of all terms
in the written agreement.
Buying a house, flat or maisonette? Need a holiday? Need to decorate, install double glazing, install a new kitchen, need a new car? Planning a wedding or simply just need a loan to pay off an unexpected expense?.