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(293)Use Homeowner personal loans to finance your needs the secured way

 

Personal loans taken by homeowners need not necessarily be secured. It is true that more and more homeowners are lured into taking secured loans. Several advantages that only secured loans can let them enjoy are recounted by the loan providers. Nevertheless, homeowners now form an important customer base employing unsecured personal loans to their financial needs. Though the homeowner does not part with the lien on his home, loan providers are not complaining. Being a homeowner connotes credibility, a prerequisite to unsecured personal loans.

Whatever be the form in which personal loans are lent, homeowners continue to enjoy the preferential status. As mentioned above, by the fact that one is a homeowner, the individual becomes credible enough to be lent. Come what may, borrowers will not endanger their home through inappropriate financial decisions. Loans and mortgages, either directly (secured loans) or indirectly (unsecured loans), affect the home through liquidation or by transferring possession of house. This happens in the event of non-payment of the unpaid dues. Consequently, borrowers will be regular in repaying the monthly or quarterly instalments on the Ho meowner personal loans . Isn't this what the loan providers desire? Getting back the amount lent without much hassles will be termed as lower risk. The preferential treatment allowed to the homeowners is the result of this very reduction in risk. The following article illustrates the benefits available only to the homeowners borrowing through personal loans.

First is the number of loan providers that are prepared to lend personal loans to the homeowners. Almost every lender vies for the business of the homeowners. The deals offered include unsecured loans as well. Convenience rules the market. Borrowers will find it easier to locate the loan providers online. An online loan provider has his financial products advertised on its website. Applications listing the loan details can also be submitted online. This is relatively easier for borrowers since they do not have to run every time loan documentations have to be undertaken.

Homeowners conventionally use secured personal loans. A secured personal loan makes use of the equity present in home. Equity is the market value that a home fetches after deducting any unpaid loan, for which home has been pledged. The maximum loan amount can be had on secured personal loan. Up to 80% of the equity present in the home can be raised as loan. Some loan providers are ready to lend up to 125%. The amount lent on unsecured personal loans to homeowners, though not equivalent to secured loans, will be higher than what the non-homeowners get.

Homeowners are also benefited with a cheaper rate of interest. The reduction in risk is adequately compensated through a lowered interest rate. Borrowers must beware loan providers who claim to be awarding homeowner personal loans at the cheapest rates, but are actually adding several costs to the loan repayable. The appropriate method to compare interest rate will be through APRs. APR allows interest rate comparison on a more common base. Loan calculator lists the APR being offered by a multitude of lenders. This can be used to learn about the interest rate that homeowners get personal loans on. However, loan calculator only suggests the interest rate and does not give the exact measure that loan providers ought to charge. Many a times the details in the loan calculator are obsolete. Therefore, the loan calculator must be used with caution.

Still another method of comparing interest rate (which does not involve time consuming calculations as in loan calculator) is a personal loan quote. The short-listed lenders may be requested to send a personal loan quote with the terms of homeowner personal loan specified. This gives the perfect measures for comparison. Personal loan quote puts no obligation on the borrower.

Repayment terms are no different from those offered to the non-homeowners. Since interest rate is lower on homeowner personal loans, the amount repayable may not be higher. Since the repayment is to be made through monthly or quarterly installments, borrowers will not find the task as Herculean a task as it is for the non-homeowners. The differences are noticeable when the installments are not paid regularly. While the loan providers easily lose patience with the non-homeowners, they do not with the homeowners. Homeowners get payment holidays and discounted rates of interest during periods of financial depression.

Homeowner personal loans, despite the advantages that it allows its borrowers to have, do have to be used with prudence. You surely wouldn't like to lose your home for a repayment not made on time. Proper advice will go a long way in keeping the bad-effects of homeowner personal loans at bay.


About the author:

Peter Taylor is a senior financial analyst at easyfinance4u with an acumen for finance and insurance. His articles are widely read because of the lucid manner of wriiting and thoroughly researched datas.To find Secured loans,secured personal loans,secured debt consolidation loans in uk that best suits your need visit http://www.easyfinance4u.com< /a>

Written by: Peter Taylor


(294)Use Real Estate Loans To Finance A Commercial or Residential Property

 

Real estate is one of the most lucrative investment options. Besides using it for investing, people acquire real estate to have a comfortable and sprawling residence. Real estate is also used to further a person's business and commercial interests. Although enticing, buying a desired real estate is beyond the financial capabilities of most of us. Without the real estate loans to finance the purchase, the dream of owning the real estate would essentially remain unfulfilled.

Real estate loans can be taken to purchase a commercial property or a residential one. Commercial real estate loan can be taken for properties like guesthouses, hotels, restaurants, pubs, shops, nursing homes, warehouses, industrial facilities and leisure resorts etc. Residential real estates loans can be taken for the purchase of mansions, bungalows, farmhouses, apartments and other dwellings.

Real Estate Loans use the property in consideration as the collateral. It means that the borrower has legally agreed to put the real estate as the security for the loan. The lender will be holding the title deed of the real estate with him and the borrower gets it only after he has repaid the entire loan with interest. If under any circumstances the borrower is not able to keep up with the repayment schedule, the lender is free to sell the real estate and recover his amount.

Real estate loans are available for huge amounts. Residential real estate loans can range from £25000 to £100000 and upwards. The commercial real estate loans are capable of funding real estate purchases up to £1000000. Lending amount is restricted by the value of real estate, the repayment capacity of the borrower and his credit history. The APR's (Annual Percentage Rates) on real estate loans range from 6% to 20%. A borrower has the option to choose between a fixed rate and a floating rate interest regime. The real estate loans can be repaid in 30 years. However, the borrower can choose a repayment period of 25, 20, 15 or 10 years. The shorter the repayment period for the real estate loan the lower will be the loan cost. However, the monthly installments towards the repayment will become higher as the repayment term decreases.

Lenders require that the borrower should contribute some percent of the entire value of the real estate. This is known as down payment. Lenders prefer if the borrower is able to put at least 20 % of the total value as the down payment. The balance of the real estate loan will be divided in equal monthly installments according to the repayment term. Paying a higher down payment will result in a smaller loan amount and smaller monthly installments.

Applying for a real estate loan becomes very simple if the online method is used. Online lenders do not have any application fee as compared to regular lenders. In addition to this the online application process is streamlined and does not require hefty documentation. The variety of real estate loans and their repayment options can be easily researched by using the lenders websites.

Whether a borrower gets the best or not on his real estate loan will depend on how carefully he chooses his lender. Since, a real estate loan is a long-term commitment to repay a substantially high amount, any hidden clause or fine print that threatens to drive things in the favor of lender can be detrimental to the borrower's interest. To remedy such a situation a borrower must hire a competent real estate attorney and scrutinize the fine prints carefully. Thus, by negotiating the best deal a person can get the right real estate loan to finance his dreams.

About the author:

Aldrich Chappel has been associated with get-secured-loans,since its inception.Having completed his Masters in Finance from Lancaster University Management School,he undertook to provide useful advice through his articles that have been found very useful by the residents of the UK.To Find Secured loans,loans for homeowners,best secured loans UK visit http://www.get-secured- loans.co.uk
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Written by: Aldrich Chappel


(295)Use Tax Credits To Help Finance Your College Education

 

Students are always on the lookout for ways to help pay or offset the cost of their tuition. There are various government grants and scholarships available to you if you qualify. But what if you don't qualify for these government programs? Don't loose hope there are still options available to you that can help offset those tuition bills.
Did you know that tax credits are another way that Uncle Sam can help you finance your college education? Well it's true and it has come to my attention that there are many students, old and new alike, who are not taking advantage of these educational tax credits that they are entitled to. Specifically the tax credits are the Hope Tax Credit and the Lifetime Learning Tax Credit. These two tax credits will reduce the amount of Federal Income Tax that you would pay dollar for dollar, unlike tax deductions that are used to lower your taxable income. It's like someone saying to you "if you spend your money on college, I'll give it back to you." The tax credits are based on the amount of qualified educational expenses that students pay.
What are these qualified expenses? Qualified expenses are tuition and fees that are required to pay to an accredited college, university, or vocational school as a requirement for attendance. Fees that are not included are room & board, personal living and family expenses. Other expenses that may also qualify are expenses for books, supplies, student activity fees, and equipment if they are required to be paid to the school as a condition for enrollment.
Who is eligible for these tax credits? Anyone can claim these tax credits; you can claim these credits for yourself, your spouse and anyone you can legally claim as a dependant on your tax return.
The Hope Tax Credit is worth up to a maximum of $1,500, depending on how much the qualified educational expenses are, 100% of the first $1000 and 50% of the next $1000. To be eligible for The Hope Tax Credit the student need to be enrolled at least half time (6 credits) in at least one semester and meet certain income requirements. The Hope Tax Credit is available for each and every student, on the same tax return enrolled in a qualifying college program. This credit can be taken for the first two years of post secondary education (undergraduate degree or vocational school) for each student. A family with three students with qualified expenses of $2,000 each on the same return equals a $4,500 reduction in the taxes you owe.
The Lifetime Learning Tax Credit works a little bit differently, the credit is based on 20% of the of the first $10,000 of educational expense up to a maximum credit is $2,000 per return not per student. This credit can be taken for any and all years that a studennt takes even just one class that will improve or aquire job skills (undergraduate, graduate and professional degree courses included). If you have qualified expenses of $2,000 then you get a tax credit of $400 (.20 X $2,000).
Consider this, these tax credits can bring down the tax that you owe on April 15th, and money that you don't have to pay in tax can be used to pay for the education you want and deserve. Other limitations are that both of these tax credits may not be used for the same student in the same year. Students that have been comvicted of a felony drug offense can not claim the Hope Tax Credit, but they can still take advantage of the Lifetime Learning Tax Credit.
This is just a breif overview of these tax credits that all students should know about and tahe advantage of. I reecomend that you do refer to IRS Publication 970 and IRS: Topics for Students for further information or discuss these tax credits with your Tax Professional.


About the Author
P Nash is currently a student in his final year in a Business Administration program. He blogs on different topics related to higher education. Visit his blog College Matters for more higher education information.
Copyright 2009 P. Nash


Written by: P. Nash


(296)Use Your Yellow Page Savings to Finance Your Internet Local Search Visibility

 


Copyright 2009 Off the Page

A Yellow Page Ad Says You’re "Open for Business"

Most small businesses that have a storefront or provide a service are committed to a Yellow Page directory ad. It was a safe bet, since buyers went to the directory when they were ready to buy.

Every year owners renew their ad. And steadily the costs go up. Many advertisers "beefed up" their ad, hoping to stand out - making it even more expensive. For too many, their directory ad is their most expensive (or only) promotional activity. While the expense increased, directory use has gone down. Since last year’s advent of Local Search, many more people go online than to their Yellow Pages before they make buying decisions.

The Walking Fingers are Walking on the Keyboard

"Let your fingers do the walking" means calling a business to get desired answers before visiting the store. Nowadays, instead of opening the directory, 70% of buyers head to the Internet to conduct searches. Already, 36% of such searches are looking for local vendors. Of those, 45% have a buying intention. Yet 54% of the qualified small businesses don’t appear in those results. So customers select from those who do - a major handicap for those left out.

Older businesses depend on the directory more than newer ones. 78% of enterprises open over 20 years rely on the directory, compared to 52% of firms under 10 years. Younger operations are more willing to incorporate online exposure, and thereby out-pace their well-established competition. Ouch!

Of course, every Yellow Page category is different. Some get a lot more use than others. Maybe it’s true for you. But the only way to know is to track where your new customers come from. And if you’re bothering to track, how much is coming to you via the Web?

Local Search Appeals to Computer-Savvy Buyers in your Town

A Local Search occurs when a person adds a geographic term (city, state, region, zip code) to a search engine query. The results only show enterprises in that area - florists in Cheyenne - displayed on a map.

Who searches for local businesses? The locals, certainly. But so do travelers, people intending to move there (or just arrived), and those who want to do business with an enterprise in that town (flowers for Aunt Mildred). Most have no prior contact (or preference) with your competitors.

Yellow Page directory listings were added to search engine data bases. So even the cheapest ad gets a business listed. And there’s no evidence that a more expensive directory ad can accomplish any more than that. That’s why your savings from cutting the size or options of your directory ad could cover the costs for your initial online exposure.

Your directory ad gets you into the search data bases, but won’t make you stand out there. And just being listed isn’t sufficient. Where are you listed? In an obscure section that doesn’t get searched? Under what keywords? Is your information accurate or complete? Probably not.

Take an Active Role to Assure Plentiful Search Engine Results
To get the steady flow of customers search engines can deliver, you need to get involved. Make sure information about your enterprise is accurate, complete and consistent - everywhere it appears.

Look for yourself online. Conduct various Local Searches from the buyer’s mindset - what terms do they look for? How hard are you to find? And who does appear in such results? What are they doing that you’re not? Enough said.

Search engine optimization (SEO) involves methods to boost one’s search engine rankings. Be wary of most SEO advice. It can be expensive and time consuming - and unlikely to work for you anyway. As a small or mid-sized enterprise, you’re not competing for a front position related to the entire Internet. You only need to appear at the front of search results geared to your community, and ahead of your local competitors.

Get listed in the various Internet Yellow Pages (IYP). Some are free, some aren’t. Some are national, others regional. But the few dollars spent for enhanced listings or links to your site, can pay real dividends. Shop around and compare what works best for your region and type of business. Start by checking where you’re already listed: http://www.localsearchresources.com/listed.html

Businesses with Websites Benefit Most from Local Search

Even a small website provides more complete and useful information than any directory ad. And you’ll appear in many more categories of search results. When asked where to get an inexpensive website that’s optimized for Local Search, I recommend Geo Target Search http://www.geotargetsearch.com. If you mention my name they'll give you third month of hosting free.

Look for resources designed for brick-and-mortar enterprises that bring effective search engine results - without it being expensive or overly complicated. They’re out there.

For those who already have a website and want to make sure it appears in Local Search results, I recommend Sharon Fling’s set of videos, "Get listed on local search for free"
http://www.localsearchresources.com/fling.html She has spent years showing small businesses how to develop their Internet presence and earnings at http://www.geolocal.com

Yellow Page Smarts, explains how to combine your Yellow Page ad with your website for maximum profits. http://yellowpagesage.com/smarts.html Capture ready buyers wherever they’re looking for information - online and offline.

Local Search lets small businesses show up before buyers when they’re ready to spend. And it needn’t cost you more than you already pay. Shave some of your Yellow Page directory expense and put those dollars to work on your website and IYP. You’ll multiply your exposure and traffic.
Dr. Lynella Grant Expert in communicating through Yellow Page ads and Local Search. Stand out online and offline. Capture more Internet-savvy buyers for your brick and mortar business. Free resources http://www.localsearchresources.com 719-395-9450


Written by: Lynella Grant


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