Archive for May, 2007
New Mortgage Options for Baby Boomers and Seniors
Sedona, Arizona, May 10, 2007 - Co-authors of Let Your Mortgage Make You Rich! - Lin Ennis and John R. Barker - will be featured on Internet radio Saturday, May 12, 2007, wherever Internet is available. The 7:00 a.m. EDT broadcast can be heard by clicking on “Listen Live” on the far right of the menu bar on www.wsbrradio.com.
The Anita Finley Show, “Boomer Times & Senior Life,” runs from 5:00-8:00 a.m. Saturday, Mountain Time, that’s 7:00-10:00 Eastern, according to station time on the website. (Click the link and “Listen Live” right now in order to see the station’s time as related to your timezone.) A replay later in the day, 8:00-9:00 p.m., will occur on www.wwnnradio.com (timezone unknown). Both shows play live from tape at the appointed time and are not archived on the radio station websites.
It’s telling that Finley, a former Real Estate Broker, sounded excited during the taping of an interview with Ennis, the primary author of what Finley calls “a course in managing your mortgage.” Finley seemed amazed at the quality of free information Ennis dispensed during the 27-minute conversation, which included a single tip that has the net result of lowering your mortgage interest by a whopping 2%.
Nevertheless, she was eager to get to the “most secret” of mortgage reduction techniques revealed in the 96-page notebook-like guide: the HELOC question. Ennis was generous with information and outlined for those who listen Saturday how to “use the paid-for portion of your house to pay off the unpaid-for portion.”
Finley, now a gerontologist who with her husband Bill publishes the monthly magazine “Boomer Times & Senior Life,” also reviewed Let Your Mortgage Make You Rich! on page 4 of the 36-page periodical. “It’s the small things that can mount up,” she writes, but you have to have wise instructors teaching you how to do it. That’s why I believe this book is so valuable.”
“Boomer Times & Senior Life,” South Florida’s only multi-media, marketing company targeting boomers and active seniors in the tri-county area of Palm Beach County, Broward/Dade County, and Treasure Coast, produces not only its two weekly radio shows online, but also its newsmagazine. The May issue can be read all month at www.babyboomers-seniors.com and the mortgage reduction book review at www.babyboomers-seniors.com/pdfs/may07/articles/coverbookofmonth.pdf. The article will print out on a single page and could be helpful to anyone with a mortgage, especially those who are less than 15 years and three months into their loans (the time when payments to principal begin to exceed payments to interest).
To preview the contents of Let Your Mortgage Make You Rich!, amazon.co.uk is the premier source. To read background on the material, what it includes and why it was produced, go directly to the Sedona company’s website www.letyourmortgagemakeyourich.com. For more information, call tollfree: 888-664-6651, or 928 282-1808.
About the Author
AUTHOR: Lin Ennis is a full-time writer specializing in personal finance, marketing and Internet marketing subjects.
Tips For A Commercial Remortgage
Commercial remortgage is just like a residential remortgage. Commercial remortgage can occur for many reasons. It can happen because the business owner wants to borrow money, they want to make improvements to the property or they want to try for a lower interest rate.
Whatever the reason commercial remortgage should be handled with the same care that would be given to a residential remortgage.
If a business owner is going to remortgage to take out additional money they need to really consider what this means. They will be financing more so they will be paying more. They should ensure that they will be able to afford it.
They should be pretty secure about their business finances and be confident that they will continue to have regular, good sales. Additionally, they should try for a lower interest rate at the time or remortgaging so they can try to reduce the additional costs.
If the business owner is refinancing simply to get a better interest rate then they really do not have much to worry about. Their payment should end up being less which is a good thing. This is an especially good option if rates suddenly fall or if the business finances are tight and the extra money is needed.
If the remortgage is to get a little extra money for repairs then this should definitely be brought to the attention of the lender. Lenders love giving help for repairing or improvements on real estate because it makes the property worth more money which is good for the lender, too.
The more equity that is built in a property, the more it is worth. Should the business owner default on the loan the lender will get that much more profit from its sale.
It is likely no matter the reason for the remortgage the lender will want to review the business finances. This is simply to let them evaluate if the risk of lending to the business has changed.
They will also likely want to know why the remortgage is being asked for. It is up to the business owner to prove to the bank that remortgaging is a good idea and will be beneficial for both of them.
Commercial remortgage is just as risky as residential remortgage. It is also basically like the original mortgage, as far as risk. If the business owner defaults on their payment s then their commercial real estate could be at risk for seizure by the lender.
The bottom line with any type of mortgage or remortgage is that the borrower has to make sure they can afford the loan and that paying it back will not be a problem.
About the Author
James Copper is a commercial remortgage advisor for www.commercialfinancespecialists.co.uk.
Fast Secured Loan-Emergency Loan Option for Bad Credit Borrower
If you are suffering from bad credit and at that time, emergency take place, you can not do any thing except taking loans. In the loan market, lots of loans are there, but the most suitable loan for you is that fast secured loans. Borrower can use fast secured loans according to his requirements.In time of emergency you need easily available and fast finance. Fast secured loans fulfill your need.Fast secured loans approved quickly depending on the valuation of asset which is provided as collateral. But, due to presence of online method, applying and getting faster approval. Through this method, comparison tools of various lenders are available within least time with the help of internet. Now, you can take fast secured loans at better deal which suites your financial circumstances
Fast secured loans can be availed by placing asset as collateral; Borrower has already placed his asset, so the benefit will be that that the loan will available at lower interest rate and amount for larger repayment term. Borrower can talk to the lender regarding lowering interest rates and larger repayment terms; because the lender has no fear for his loaned amount