Searching for a mortgage company online can help you to get a home loan even with bad credit. Bank turndowns are avoided when you apply online with a mortgage broker. You also can compare multiple financing offers to ensure you are getting a good deal when you have poor credit. You can find a no credit mortgage online with research. To get the most out of your online mortgage search, here are some tips: 1. Find out about The Loan Process for NO CREDIT MORTGAGEs. Don't be a victim- find the right lenders. Educate yourself about the loan process by reading articles on finance and mortgage websites. You will find out what fees and interest rates you can expect to pay for a no credit loan, as well as the type of financing that will best meet your needs when you have bad credit. 2. Apply For several mortgages. There are two types of mortgage applications that you can find online when you are searching for a no credit mortgage. One is a generic estimate based on limited information such as your income, bills, and credit history. This is similar to the rates posted at the front of a bank, and they are a great way to compare mortgage lenders, but not a rate you can rely on to get a no credit mortgage. To get a real quote, you will need to fill out detailed information since there are so many factors besides income that determines your mortgage rate. If you have a FICO score of less than 600, you will be required to put down at least 5%. Here's a hint - to qualify for a lower rate, increase your down payment amount. 3. Compare The True Loan Cost Looking at interest rates shouldn't be the only way you compare costs. Closing fees, loan application fees, or fees by any other name can add thousands to your loan. To determine the cost of your loan add the amortization and loan costs, and you will find that a mortgage lending website has an amortization calculator to make this easy. 4. Follow Up On Your Loan Application every few days. Once you have picked a lender, you can finish the mortgage process by applying online, but please don't forget about the application. Always keep all records from the mortgage lender and make regular phone calls to ensure the no credit mortgage is processed on time. 5. When To Refinance- after you close your loan. After you have completed your mortgage, you can begin to plan to refinance after three years when you have established good credit. Make regular payments and reduce your short-term debt to maximize your credit rating for lower interest rates in the future, and be sure to always pay your no credit mortgage. |
20101115
BAD CREDIT PERSONAL LOAN
DO YOU NEED A PERSONAL LOAN FOR BAD CREDIT? Do you need a cash loan to pay your bills, take a vacation, remodel your home, start a business, or use for any other expense? Whatever your financial need, a personal loan can help. Personal loan providers can give you an instant cash loan regardless of an imperfect credit history – often within hours of receiving your application. The following are the top personal loans for people with a bad credit rating, along with links to their easy online applications. - QUICK APPROVALS - LOW COST LOANS - GREAT RATES |
20091211
Banking: Making money work for you!
http://www.e1loans.com/
Banks are a part of everyday life- whenever you go through checkout at the store, movies, restaurant- basically everwhere you go, your bank follows with you! Your check card, checking account, and savings account hold almost all your money these days. Noone walks around with a big amount of cash. You need to learn the secrets of the banking world- the hidden fees, the hurdles to get approved for loans, and the secret ways banks use YOUR MONEY to make money for themselves- and they don't share much! Find out how to beat the banks at thier own game!
BANK RESOURCES:
1. Bank and Finance Secrets: Learn what your banks never told you- AND DON'T WANT YOU TO KNOW!
2. Dirty Secrets of Banking: Learn how bankers and traders build huge profits for thier companies- with your money! Step around the middle man and build your wealth today.
3. The Money Siphon System: Skim cash of the bank accounts of the gurus and pros: Quick, easy, and fool-proof program to beat the BANK.
4. Forex Breakout System: Learn to trade like a BANK TRADER: to beat the BANK, you have to learn to be like the bank- making huge profits with forex trading.
5. Generate Cash in just Minutes a Day: Professional BANK TRADER secrets: stock trading for any skill level- start small and work you way up to a fortune!
Banks are a part of everyday life- whenever you go through checkout at the store, movies, restaurant- basically everwhere you go, your bank follows with you! Your check card, checking account, and savings account hold almost all your money these days. Noone walks around with a big amount of cash. You need to learn the secrets of the banking world- the hidden fees, the hurdles to get approved for loans, and the secret ways banks use YOUR MONEY to make money for themselves- and they don't share much! Find out how to beat the banks at thier own game!
BANK RESOURCES:
1. Bank and Finance Secrets: Learn what your banks never told you- AND DON'T WANT YOU TO KNOW!
2. Dirty Secrets of Banking: Learn how bankers and traders build huge profits for thier companies- with your money! Step around the middle man and build your wealth today.
3. The Money Siphon System: Skim cash of the bank accounts of the gurus and pros: Quick, easy, and fool-proof program to beat the BANK.
4. Forex Breakout System: Learn to trade like a BANK TRADER: to beat the BANK, you have to learn to be like the bank- making huge profits with forex trading.
5. Generate Cash in just Minutes a Day: Professional BANK TRADER secrets: stock trading for any skill level- start small and work you way up to a fortune!
20090925
Bank Fees - don't be surprised!
In the wake of the uproar over bank fees charged to debit card holders--and the looming threat of congressional action--banking giants Bank of America, JPMorgan Chase, and Wells Fargo have announced drastic changes to their overdraft policies.
What banking customers might be missing is that debit card overdraft fees are the tip of the iceberg. Banks nickel and dime their customers in numerous other ways that can easily cost the average person $100 or more per year. Adding insult, many of the fees are poorly disclosed and levied regardless of any action the customer does--or doesn't--take.
"There is a long list of fees that people pay that doesn't require any type of acknowledgment on the part of the consumer," said Greg McBride, a senior financial analyst at Bankrate.com. Here are five major areas of hidden bank revenues.
Balance Transfer Fees
Banks commonly mail out ads pitching low interest rates for customers willing to transfer credit card balances from another institution. What many don't advertise is that there is often a balance transfer fee of between 3% and 5% hidden in the fine print.
"If you're transferring a balance from a card with a rate of 15% to a card with a rate or 13%, but you're paying a 3% admission fee, you're not saving any money," McBride said. Moving a balance of $5,000 from one credit card to another with a slightly lower interest rate could result in a $150 charge being added to the balance that you owe and pay interest on.
If you're thinking about switching to a card with a lower interest rate, ask the bank what type of transfer fees it charges. These fees are separate from the annual interest rate that you pay.
Cash Advances
Consumers who take cash advances from their credit cards will also be hit with a transaction fee that they might not have been expecting. As with balance transfers, cash advances often come with a fee that ranges between 3% and 5%. That's not all.
"If cash advances weren't costly enough with interest rates in the high teens, there's no grace period, and the interest clock starts ticking right away," McBride said.
Foreign Currency Surcharges
Using a debit or credit card while traveling overseas is wonderfully convenient. Perhaps too convenient. Over the past few years, banks have commonly started charging a 3% fee for any purchases made in foreign currencies. That means if you go to Paris on vacation and buy presents in euros, the charges will show up on your statement in dollars--with the 3% fees built in.
If you plan to use a debit or credit card abroad, consider opening an account with Capital One or Charles Schwab, whose foreign currency exchange fees run as low as 1%. If you are going to be taking money out of an ATM in another country (another place where banks ring up additional charges), Wells Fargo and PNC offer some of the lowest fees.
Balance Requirements
Many banks offer to waive monthly service fees on checking or savings accounts if customers maintain a collective balance above a set minimum. Dip below it, and you could be hit with a charge of $8 or more every time your balance falls below the minimum.
"These requirements are really a lose-lose proposition," McBride says. "If you don't maintain the balance, you get socked with a fee. If you do maintain it, you have the opportunity costs of stranding money in a low-yielding account when you could be earning a more competitive return in an online savings account."
ATM Fees
Bank of America and other banks now charge customers from other banks $3 to withdraw money from its ATMs. But at least you have to agree to pay the fee at the terminal. What some customers may not realize that is that their own bank often levies a $2 fee every time they use a competitor's ATM as well. Adding up all the bank fees, it may cost $5 to take out $20 of your own money. That's a 25% commission, and the bank didn't have to do a thing
What banking customers might be missing is that debit card overdraft fees are the tip of the iceberg. Banks nickel and dime their customers in numerous other ways that can easily cost the average person $100 or more per year. Adding insult, many of the fees are poorly disclosed and levied regardless of any action the customer does--or doesn't--take.
"There is a long list of fees that people pay that doesn't require any type of acknowledgment on the part of the consumer," said Greg McBride, a senior financial analyst at Bankrate.com. Here are five major areas of hidden bank revenues.
Balance Transfer Fees
Banks commonly mail out ads pitching low interest rates for customers willing to transfer credit card balances from another institution. What many don't advertise is that there is often a balance transfer fee of between 3% and 5% hidden in the fine print.
"If you're transferring a balance from a card with a rate of 15% to a card with a rate or 13%, but you're paying a 3% admission fee, you're not saving any money," McBride said. Moving a balance of $5,000 from one credit card to another with a slightly lower interest rate could result in a $150 charge being added to the balance that you owe and pay interest on.
If you're thinking about switching to a card with a lower interest rate, ask the bank what type of transfer fees it charges. These fees are separate from the annual interest rate that you pay.
Cash Advances
Consumers who take cash advances from their credit cards will also be hit with a transaction fee that they might not have been expecting. As with balance transfers, cash advances often come with a fee that ranges between 3% and 5%. That's not all.
"If cash advances weren't costly enough with interest rates in the high teens, there's no grace period, and the interest clock starts ticking right away," McBride said.
Foreign Currency Surcharges
Using a debit or credit card while traveling overseas is wonderfully convenient. Perhaps too convenient. Over the past few years, banks have commonly started charging a 3% fee for any purchases made in foreign currencies. That means if you go to Paris on vacation and buy presents in euros, the charges will show up on your statement in dollars--with the 3% fees built in.
If you plan to use a debit or credit card abroad, consider opening an account with Capital One or Charles Schwab, whose foreign currency exchange fees run as low as 1%. If you are going to be taking money out of an ATM in another country (another place where banks ring up additional charges), Wells Fargo and PNC offer some of the lowest fees.
Balance Requirements
Many banks offer to waive monthly service fees on checking or savings accounts if customers maintain a collective balance above a set minimum. Dip below it, and you could be hit with a charge of $8 or more every time your balance falls below the minimum.
"These requirements are really a lose-lose proposition," McBride says. "If you don't maintain the balance, you get socked with a fee. If you do maintain it, you have the opportunity costs of stranding money in a low-yielding account when you could be earning a more competitive return in an online savings account."
ATM Fees
Bank of America and other banks now charge customers from other banks $3 to withdraw money from its ATMs. But at least you have to agree to pay the fee at the terminal. What some customers may not realize that is that their own bank often levies a $2 fee every time they use a competitor's ATM as well. Adding up all the bank fees, it may cost $5 to take out $20 of your own money. That's a 25% commission, and the bank didn't have to do a thing
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