(BPT) - With interest rates near historic lows, now is a good time to consider refinancing your home. Refinancing a mortgage can potentially save you money over the life of a loan. Here are a few tips to help you navigate the refinancing process:
* Choose a reliable and trustworthy mortgage banker.
A mortgage banker is someone you should feel comfortable with, who should be frank with you about fees, flag potential issues, and help you make choices that best fit your financial situation. But where can you find the right mortgage banker?
"A quality mortgage banker will try to understand your goals and match your situation with the best possible loan, that doesn't contain hidden fees or surprises," says TJ Freeborn, mortgage professional at Discover Home Loans. "Mortgage bankers who are not looking out for you might sell you strictly on low interest rates or offer you a too-good-to-be-true deal without asking the proper questions or evaluating your needs."
Start by doing research online with unbiased resources. Reach out to family and friends who also have refinanced or are in the process and compare research. Also, if you know a tax advisor or a real estate professional ask them about any questions or concerns. They may be able to provide new insight to help with your decision.
* Do your homework on loan options.
All mortgages are not created equally. It's important to understand the components that go into determining the price of a mortgage, including points and fees, so you can accurately compare the offers. To find descriptions of home loan options, you can visit www.discover.com/home-loans/loan-options.
For instance, based on the situation you may choose an adjustable-rate mortgage versus a 15 year or 30 year fixed-rate loan. Make sure to evaluate your options with your mortgage banker and discuss what works best for you.
* Secure your low interest rate by locking it in.
Interest rates change almost daily and it's important to talk to a mortgage banker about ensuring the best time to lock in your rate. If the loan process takes too long, there is a chance your approved rate may expire and therefore potentially increase. You may have the opportunity to get an extension, but often the fee for an expired rate can be costly. Make sure to lock in your interest rate to avoid closing at a higher rate.
* Understand the costs and fees of refinancing.
Before you jump into refinancing, make sure you understand not only the mortgage refinancing rates but the costs associated with refinancing. Closing costs generally include fees for origination, the appraisal, attorney review, lender and title, as well as insurance, taxes and escrow. Check with your mortgage banker to make sure that the closing fees are reasonable and that you are aware of all the factors that impact your refinancing cost.
Refinancing may be a worthwhile savings opportunity, but make sure to consider all of the factors before concluding it's a wise financial decision for you.
Tuesday, June 25, 2013
Thursday, May 30, 2013
Get organized to help grow your business
(BPT) - Small businesses are always trying to find ways to get organized so employees can work more efficiently and save money in the process. With tax time just around the corner and projects opening and closing on a daily basis, taking your business organization standards to a new and improved level might seem like a huge undertaking.
"A well-organized office helps you find what you need and to work efficiently, which reduces stress," says Julie Morgenstern, an internationally known organizing and time management expert. "More importantly, staying organized lets you to spend more of your valuable time on what's most important to your business."
It's easier than you think. Your small business can increase efficiency and get organized in three easy steps - shed, shred and get ahead.
Shed: Go through your project folders and purge any unwanted files or papers. Organize the documents in binders, labeling them with pertinent information so you can quickly scan multiple binders to find the information you need at a later date. For tax filing resources, the Internal Revenue Service recommends keeping important business records from three to seven years, depending on the documents.
If you have old binders that are no longer in good condition, don't throw them away, recycle instead. Take these binders to a Staples store, which gives customers $2 off the purchase of a new binder for each old one brought into a store to recycle.
Shred: Private and sensitive data that is no longer needed must go through the shredder to protect your business and employees from fraud and identity theft. Surprisingly, almost 20 percent of small-business owners don't shred confidential material, with the leading reason being that it's just easier to throw materials away, according to the 7th Annual Staples National Small Business Survey. To simplify the shredding, consider Staples 10-Sheet Cross-Cut Shredder, which includes new features like a convenient pull out bin and a lockout key that functions as a master power control, rendering the shredder non-functional until the key is replaced.
Get ahead: Don't let your piles grow in your office this year. Get a jumpstart on those files right away and train all your employees to keep organized during the work process so you won't have to play catch up at a later time. In an effort to establish a better filing system as you get everything organized, try the BETTER Binder with removable FileRings, available exclusively at Staples.com. These binders allow you to remove all the material inside (keeping the rings intact so nothing is lost or out of order), for easy filing in a standard filing cabinet or storage box. This process allows you to use the binders to securely take material out while the project is in the process or put the material away into a permanent storage once the project is closed. FileRings are sold separately, allowing you to reuse the binders.
An organized small-business owner has more time to get work done as 83 percent of these entrepreneurs are solely responsible for organizing their companies, according to the survey. It's never too late to tackle this task, and as a small-business owner, you'll feel better and be able to spend more time focused on growing your business.
"A well-organized office helps you find what you need and to work efficiently, which reduces stress," says Julie Morgenstern, an internationally known organizing and time management expert. "More importantly, staying organized lets you to spend more of your valuable time on what's most important to your business."
It's easier than you think. Your small business can increase efficiency and get organized in three easy steps - shed, shred and get ahead.
Shed: Go through your project folders and purge any unwanted files or papers. Organize the documents in binders, labeling them with pertinent information so you can quickly scan multiple binders to find the information you need at a later date. For tax filing resources, the Internal Revenue Service recommends keeping important business records from three to seven years, depending on the documents.
If you have old binders that are no longer in good condition, don't throw them away, recycle instead. Take these binders to a Staples store, which gives customers $2 off the purchase of a new binder for each old one brought into a store to recycle.
Shred: Private and sensitive data that is no longer needed must go through the shredder to protect your business and employees from fraud and identity theft. Surprisingly, almost 20 percent of small-business owners don't shred confidential material, with the leading reason being that it's just easier to throw materials away, according to the 7th Annual Staples National Small Business Survey. To simplify the shredding, consider Staples 10-Sheet Cross-Cut Shredder, which includes new features like a convenient pull out bin and a lockout key that functions as a master power control, rendering the shredder non-functional until the key is replaced.
Get ahead: Don't let your piles grow in your office this year. Get a jumpstart on those files right away and train all your employees to keep organized during the work process so you won't have to play catch up at a later time. In an effort to establish a better filing system as you get everything organized, try the BETTER Binder with removable FileRings, available exclusively at Staples.com. These binders allow you to remove all the material inside (keeping the rings intact so nothing is lost or out of order), for easy filing in a standard filing cabinet or storage box. This process allows you to use the binders to securely take material out while the project is in the process or put the material away into a permanent storage once the project is closed. FileRings are sold separately, allowing you to reuse the binders.
An organized small-business owner has more time to get work done as 83 percent of these entrepreneurs are solely responsible for organizing their companies, according to the survey. It's never too late to tackle this task, and as a small-business owner, you'll feel better and be able to spend more time focused on growing your business.
Wednesday, May 22, 2013
Small Business Financing
The initial stages of a business are generally the most volatile, and often predict the future success of failure of the venture. Most businesses are not even profitable for the first six months, so careful planning and stability are a must to keep the business afloat. Making a good first impression is important to generating a continuous customer base. But in order to keep a new business firmly footed in the rough waters of its initial days, small business financing is a must. If you cannot get free financing for your small business through a government program, you can still get assistance through a reliable and reputable lender.
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Today is possible to get lending without collateral or any up front fees—that means initially free financing for your small business. Even with the best budgeting, costs almost always exceed what was originally mapped out. With small business financing, a new business can expand inventory, purchase or lease a new building, or use the money for marketing purposes. This can include advertising ideas such as television or radio advertising, new business cards, newspaper broadcasting, a website, or any other form of raising the profitability and exposure of the business.
Small business financing can sometimes be difficult to obtain without collateral and detailed business plans. But at AFL Loan Blog, we offer a full line of unsecured business products at great rates, with fast turnaround times, and some of the most competitive rates in the market. We have eliminated both the hurdles and the hassles potential small business owners have faced by traditional lenders for decades. We make small business financing easy and efficient. So call us today!
Wednesday, February 13, 2013
Get An Unsecured Small Business Start Up Loan Online!
Small business owners often experience the most difficulties when seeking financing. Obtaining funding for a small business can sometimes seem a hopeless task when dealing with traditional banks and lending institutions. But today, internet based finance companies have reshaped business lending, yielding solutions that present brave new opportunities for small business owners. Today, however, things can be different when you apply for a unsecured small business start up loan online.
One of the greatest problems experienced by small business owners when seeking financing is collateral. Most banks require some sort of security to obtain funding. Small businesses often do not have the necessary collateral or
equity, and must then resort to using their personal assets as security, if they are available. Even if they are, risking one’s hard earned assets for a business venture can be a difficult decision. But with an online small business loan, you will find that there are web based companies that provide a full range of business financial products without requiring collateral! Search for unsecured business loan products and you will find a whole world of new opportunities. When you apply for a unsecured small business start up loan, you will find the loan process to be very different from that of traditional lenders.
The other difficulties small business owners face when seeking business financing are the many hassles associated with obtaining the loan. Business plans are among the foremost. Lenders can require thick business plan with complicated information that can take weeks to collect. In addition, they may restrict the use of the loan proceeds in accordance with the business plan. Lenders also may ask for tax forms, bank statements, and other documents that complicate and lengthen the lending process. Prospective borrowers may not have the time or may become intimidated by this. With an online unsecured small business start up loan, however, you can find a lender that allows you to skip such hassles. Select online lenders are growing exponentially due to their small business loan approvals without requiring business plans or other documents.
The small business owner will find that the last decade has opened a new world of opportunity and options when it comes to financing his or her business.
One of the greatest problems experienced by small business owners when seeking financing is collateral. Most banks require some sort of security to obtain funding. Small businesses often do not have the necessary collateral or
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The other difficulties small business owners face when seeking business financing are the many hassles associated with obtaining the loan. Business plans are among the foremost. Lenders can require thick business plan with complicated information that can take weeks to collect. In addition, they may restrict the use of the loan proceeds in accordance with the business plan. Lenders also may ask for tax forms, bank statements, and other documents that complicate and lengthen the lending process. Prospective borrowers may not have the time or may become intimidated by this. With an online unsecured small business start up loan, however, you can find a lender that allows you to skip such hassles. Select online lenders are growing exponentially due to their small business loan approvals without requiring business plans or other documents.
The small business owner will find that the last decade has opened a new world of opportunity and options when it comes to financing his or her business.
Saturday, February 9, 2013
No Credit Check Loans for Unemployed - Loans for Bad Credit Unemployed People
Present day evidences more unemployed people than a decade before. Youngsters are falling prey to this menace. Youngsters have views, ideas and projects but are not getting way to implement their sources. Another reason may be that the job is not as per the ability of the applicants. Therefore, if you wish to do some good course you need monetary help and if wish to begin a business then needs investment. Here is the good news for all the unemployed people. No credit check loans for unemployed have been introduced. These loans are for all those who need instant cash for various needs and fulfillments. This loan is like a golden opportunity for all those people who have bad credit history just because they are not having any job at present.
The no credit check loans for unemployed ask you to show your UK citizenship. It is necessary for you to be the citizen of United Kingdom . The lender will never ask you to tell him the reason behind applying for this loan because he is not interested in knowing it. Therefore, you have the choice to use it as per your needs.
No credit check loans for unemployed offer shorter loan term. The loan term for repayment of the loan amount is actually decided by the loan provider along with the complete agreement of the applicant. The deadline is also connected to such loans. It is the duty of the borrower to kindly pay back the payment within the loan term. The lender generally offers higher rates of interests along with the no credit check loans for unemployed. It is on your part to search well in to the market and find the suitable vendor for your self. The vendor must offer lower rates of interests, long payment term with high loan amount.
The credit history comes on to the least preference for the lender. For the lender or the vendor offering no credit check loans for unemployed both good credit history and bad credit history people are equal. No matter why you need the loan, what is your requirement, what work you do, but you just need to be the citizen of UK .
Types of no credit check loans for unemployed!
These loans are also available in two forms that are unsecured and secured no credit check loans for unemployed.
•In case you own some asset which can be placed as collateral then you must opt fro the secured option. The secured loans provide minimal rate of interests in comparison to the unsecured ones. The basic strength of the secured loans is that they offer longer loan term for the applicant.
•The other type of no credit check loans for unemployed that is unsecured type does not need any property collateral guarantee. In order to cover up the risk of money, the policies of unsecured loans entails higher interest rates.
Unemployed Loans for Retired People | Unemployed Logbook Loans | Unemployed
About Author: Roselynn Jeff is associated with Loans for Unemployed who also deal in Unemployed Loans in the UK.
The no credit check loans for unemployed ask you to show your UK citizenship. It is necessary for you to be the citizen of United Kingdom . The lender will never ask you to tell him the reason behind applying for this loan because he is not interested in knowing it. Therefore, you have the choice to use it as per your needs.
No credit check loans for unemployed offer shorter loan term. The loan term for repayment of the loan amount is actually decided by the loan provider along with the complete agreement of the applicant. The deadline is also connected to such loans. It is the duty of the borrower to kindly pay back the payment within the loan term. The lender generally offers higher rates of interests along with the no credit check loans for unemployed. It is on your part to search well in to the market and find the suitable vendor for your self. The vendor must offer lower rates of interests, long payment term with high loan amount.
The credit history comes on to the least preference for the lender. For the lender or the vendor offering no credit check loans for unemployed both good credit history and bad credit history people are equal. No matter why you need the loan, what is your requirement, what work you do, but you just need to be the citizen of UK .
Types of no credit check loans for unemployed!
These loans are also available in two forms that are unsecured and secured no credit check loans for unemployed.
•In case you own some asset which can be placed as collateral then you must opt fro the secured option. The secured loans provide minimal rate of interests in comparison to the unsecured ones. The basic strength of the secured loans is that they offer longer loan term for the applicant.
•The other type of no credit check loans for unemployed that is unsecured type does not need any property collateral guarantee. In order to cover up the risk of money, the policies of unsecured loans entails higher interest rates.
Unemployed Loans for Retired People | Unemployed Logbook Loans | Unemployed
About Author: Roselynn Jeff is associated with Loans for Unemployed who also deal in Unemployed Loans in the UK.
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