Archive for March, 2007

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Low APR Secured Loans-Loans Avail at Your Comfort Rate

Posted by David
March 13, 2007
These loans are best suited for whoever is looking for hefty amount and having problems in getting unsecured form of loans. Low APR secured loans are available at lower interest rate and larger repayment terms compared to unsecured loans. Owing to collateral, you can negotiate with the lender regarding low interest rate and longer repayment terms.

Repayment period and rate for low APR secured loans
Providers of bad credit secured loans will consider your financial situation as well as your ability to repay the loan. Low APR secured loans can start with rates as low as 6.7 per cent APR, with the option to pay nothing at all for a deferred period. Furthermore, sources of bad credit loans might arrange convenient repayment terms that can last anytime from three to 25 years

Best deal for low APR secured loans
Since, the borrower wants the best deal from the various offers available in the market, the only way left with him is to look at each offer individually and compare it with his requirements. The APR (Annual Percentage Rate) is what will affect your repayments the most Go for a fixed APR and shop around for the lowest rates on APR so that you have to pay the minimum total amount to the lender. Thus, by a sincere comparison, he will be able to know the pros and cons of each of the offers
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Freddie Mac Rates Flagstar Bank One of the Top Mortgage Servicers in the US

Posted by David
March 12, 2007

Troy, MI
March 8, 2007
PR NewsWire

Flagstar Bank (NYSE:FBC) recently achieved Freddie Mac’s prestigious 2006 Tier One Platinum performance ranking for excellence in investor reporting and default management.

According to Freddie Mac, one of the nation’s largest investors in residential mortgages , Flagstar was one of only 39 servicing companies
nationwide to meet this standard. Nationally, approximately 1,500 lenders
service Freddie Mac owned loans. “I want to personally thank Flagstar for consistently achieving remarkable results through hard work, persistence and a commitment to excellence,” said Janet Eakes, senior vice president of single family sourcing operations for Freddie Mac. “Our Tier One rankings go only to those few mortgage servicers whose superior performance, efficiency, and customer service set the benchmark for the rest of our industry.” Freddie Mac ranks its servicers each month on the basis of performance benchmarks that cover a wide range of activities, such as investor reporting, minimizing credit losses and helping delinquent borrowers avoid foreclosure.

Based on their management of active and delinquent loans, servicers are ranked in four tiers ranging from Tier One (superior results) to Tier Four (unacceptable results) on their monthly Servicer Performance Profile.
Servicers who achieve the Tier One Platinum level had Tier One ratings
in both the Investor Accounting and Reporting and the Default Management categories of their Servicer Performance Profile for two quarters in 2006. They receive a number of benefits, such as fee waivers, financial rewards and national recognition.

Flagstar Bancorp, with $15.5 billion in total assets, is the largest
publicly held savings bank headquartered in the Midwest.

At December 31, 2006, Flagstar operated 151 banking centers in Michigan, Indiana and Georgia and 76 home loan centers in 22 states. Flagstar Bank originates loans nationwide and is one of the leading originators of residential mortgage loans.

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Mortgages CCJs Defaults

Posted by David
March 7, 2007

Near Prime Mortgage rates with CCJs and Defaults.
Some mainstream Lenders will now disregard Defaults completely, ignore historic CCJs and those below certain amounts to enable Mortgage applicants to qualify for the leading products.
This product, currently available, illustrates this positive approach to Mortgage underwriting.

90% Loan To Value

Purchase & Remortgage

£25,000 - £500,000

Self Certified income - Employed & Self Employed

FREE VALUATION OFFER ON THIS PRODUCT

All Defaults ignored
All satisfied CCJs ignored
All CCJs over 2 years old ignored
IVAs satisfied for 36 months accepted
Bankruptcy discharged for 36 months accepted

6.25% fixed rate for 3 years changing to…
8.48% current variable rate terms for rest of mortgage
8.7% APR is the overall cost for comparison

Fast Track Defaults CCJs service
No Higher Lending Charge payable
Early Repayment Charge if you repay all or part of the mortgage within first 3 years
A Fee is payable on completion, typically 0.5% of the Mortgage amount and not to exceed £750
Your Home may be repossessed if you do not keep up repayments on your mortgage

Provide us with the opportunity to assist in placing your Defaults CCJs Mortgage enquiry – APPLY NOW – CLICK HERE
View selection of similar products – Flagstone Finance Ltd
Make phone application 01923 840995 ( 8.0am – 9.0pm 7 days)

Author Biography
Nigel Uglow is Lending Director for Flagstone Finance Ltd
Directly Authorised by the Financial Services Authority
Over 30 years experience in the Mortgage Industry

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