astorefolder.com

By Sean A. Kelly

Many banks and financial institutions offer various types of loans for consumers to choose from to suit their financing purposes and repayment capabilities. For many people, applying for a loan is something they consider to be a big decision to make and also the search for the right loan provider may actually be quite a task. Some people may prefer to borrow from licensed mortgage provider rather than from a bank. Provident Funding is one example of a licensed mortgager that has been considered as one of the major mortgage price leaders in the country. They generally offer one of the lowest rates and also comprehensive loan programs to their consumers. This may be because of the fact that they are not a bank but they are specialists in providing mortgages to suit their client’s needs and capabilities.

Provident Funding also allows you to apply for your loan online so this saves you a trip to their office. This may be a plus item for many individuals who work 9 to 5. With this online application feature, they may apply for a loan at any time of the day from the comfort of their own home. They may also refer to the information provided by Provident on their website. You may also get advice from their mortgage consultants who are almost always on stand by to answer any questions from their consumers. Of course, if you wish to get a better picture and further understanding of the entire loan process you may proceed to visit their local office within your vicinity. However, you may want to bear in mind that Provident do not really have that many branch offices compared to banks. So you may have to ensure that there is a branch office near where you live.

Generally, once you have submitted your application for a Provident Funding refinance or mortgage loans you may be assured that your application may go through an automated system where a licensed mortgage consultant may be assigned to your case. Their mortgage consultant may offer you advice and guide you through the loan process and you may inquire anything about your loan to them. Of course, they may be the one who would contact you to inform you of the status of your loan and anything related. Generally your mortgage consultant may begin to process your loan once the Property Appraisal Deposit is received. In order to fully approve your loan you may also be required to provide additional documentation during the loan process.

When signing your Provident Funding mortgages documents you may want to make sure that the loan documents are sent to you by the notary/closing agent. They may get in contact with you to set a time to sign the documents. As it is with other loans, you may also want to make sure that you read the loan documents twice including the fine prints so that you may not miss out on any information. Your signed documents may later be reviewed and Provident may opt to wire funds to the title company. This company plays the role of disbursing the funds and keeping a record of all the necessary and related paperwork. This may be when your loan would be considered as closed. The application process may be considered as fairly easy and you may even track your status of application as and when you choose to.

If you prefer to enjoy lower interest rates you may want to try applying for a mortgage loan offered by Provident. However, due to the lack of local branches you may find it slightly difficult to meet up with a loan officer should you have more inquiries regarding your loan application.

About the Author:

provident fundingprovident funding refinanceprovident funding mortgages

Source:

isnare.com

Permanent Link:

isnare.com/?aid=721726&ca=Finances

Baby Boomers: 6 Major Issues You Need To Address In Retirement Planning

by

Maurine Patten

People are retiring earlier. The average age for a first retirement is 57.5 years. According to the latest statistics, if you are in good health now, you are probably going to live another 30-40 years. If you are like most people, you planned for previous stages in your life. Retirement is no exception.

What are the six major issues you need to be considering before you retire?1. More than any other age group, Boomers are concerned about having a purpose during their retirement years. A purpose (goal) gives you a sense of meaning which contributes to your overall well-being and happiness. The challenge is to focus on who you are instead of what you do.2. Now is the time to discover the things you feel passionate about, that you find engaging and meaningful. How you choose to spend your retirement years will depend on the choices you are making as you approach this next stage in your life.3. The timing of when you retire can be critical. To determine when you will retire, reflect on who you are (your strengths and values) and what you want during retirement. Your experiences over the years, the knowledge you have gained, and self-awareness you have developed will help you make your decision.4. Financial planning is one of the two main pillars of successful retirement. Because of the changing financial scene, there are three areas for you to consider for your financial plan to be solid: Social Security, employer’s pension plans, and your personal savings. Discussing your financial needs with a financial planner is highly recommended.5. Once basic financial needs are met, other issues become more important. Your health is the second pillar of retirement. This is a time to learn more about wellness which includes making yearly physical, dental and eye exams. It also means making good choices about nutrition, managing stress, moderate physical exercise for your body, and mental exercises for your brain.6. Some relationships change during retirement. If you end your career, you no longer have the built-in contacts with people you would see on a daily basis. It is a time to build new relationships and cultivate a deeper relationship with your spouse, children, grandchildren, and other significant people in your life.This is a critical time in your life. Planning helps you maximize the unlimited possibilities and fulfill your purpose. Your journey will be unique to you. Make it be all that you hope for.

Maurine D. Patten, Ed.D., CMC, Maximize Your Possibilities

Pattencoaching.comFree assessment at Pattencoaching.com/assesssq.htmlmailto:mdpcoach@pattencoaching.com

for more information.

Article Source:

Baby Boomers: 6 Major Issues You Need To Address In Retirement Planning}

By Joe R. Maldonado

Shopping for a life insurance policy is overwhelming, so knowing the equity indexed universal life insurance pros and cons will help you make a sound decision. These policies havent been around too long, but they offer the highlights from the fixed whole life policies and the variable life insurance. This type of life insurance is permanent, and as long as you keep up on your payments there is a permanent death benefit. A great benefit is the reserve fund. This can be used later in life (when the premiums are likely to be higher) to help offset payments.

How does Equity Indexed Universal Life Insurance (EIUL) Work?

Every time you pay your premium it gets invested by the insurance company into their general account. Then they take the money from their general account and invest it in stocks with options. You would get something like a certificate of deposit at this time. If all goes well, you get a part of the profits. Even if the stocks fall, you can still count on the minimum credit rating.

What about Taxes?

When it comes to taxes, most of the time Congress looks favorably on life insurance policies. You dont get to deduct your paid premiums, but the growth on the cash value of your policy will remain tax free. Also, as long as your policy is open you can have access to the cash value of your policy any time you wish, tax free. If you are below age 59 you will not get the 10% penalty which is usually placed on any withdrawal profits. Furthermore, if your policy is in effect you will not have to deal with capital gains tax or even income tax on the withdrawal proceeds. People who arent able to receive other types of retirement accounts or benefits love EIUL policies.

The Pros:

Great tax incentives

Cash value may be used without restrictions

In the event of the policyholders death, the beneficiary receives a tax-free cash death benefit

The cash value will usually retain protection by creditors (this depends upon the state in which you live)

Cash value does not count when your family is attempting to receive any type of financial aid

You would be guaranteed a minimum credit rating

The Cons:

Compared to other savings policies, equity indexed universal life insurance policies have a bit of a high fee base. You pay commissions upfront, so you may be paying for several years before you get to the point where you are breaking even as far as the cash value matching what youve paid.

You have to really put a lot of funds into these.

If you dont put enough funds in, you wont have enough cash value to keep your policy going in the later years of your life. Then you will end up having to figure out if you want to let the policy go, or pay the premiums to keep it going.

You must weigh out the equity indexed universal life insurance pros and cons to determine whether this will be the best choice for you and your family as far as the long term.

About the Author: Next, find out more about

equity indexed universal life insurance pros and cons

in the best specialized website available on such delicate topic.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=753818&ca=Finances

By Jay Peters

Your credit score is a reflection of how potential lenders view your credit-worthiness. Earn a high score, and you will enjoy low interest rates. Suffer from a low score, and you will have trouble even getting a loan or home mortgage.

You are probably tired of hearing about the same old ways of raising your credit (or FICO) score: pay your bills on time, and get negative information removed from your credit report. In this article, we will share a little known secret for building your credit score.

The method we will discuss is lowering your “debt-to-credit ratio.” This ratio is a comparison of the amount of debt you are carrying to the available credit you have been extended. For example, if you have $10,000 in unsecured revolving credit accounts (like charge cards), and you are currently $2,500 in debt, then your debt-to-credit ratio is 25%.

Here’s the secret: If you think you have excellent credit because you pay off all your bills in full every month, you are wrong! Think about it. Your lenders want you to carry some amount of debt – they make their money by charging you interest on the balance in your account. If you pay off 100% of your balance every month, your lenders are not realizing any revenue from your account.

Maintaining the proper debt-to-credit ratio will boost your credit score. If your ratio is too high (you owe a lot), you are not a good credit risk. If you ratio is too low (you pay off your entire balance every month), you a not a profitable customer for the lender.

Most Americans have a debt-to-credit ratio that is too high. How can you bring it down, without sacrificing everything you like in life? The answer lies not in lowering your debt, but in raising your high credit limit! You will probably have trouble opening new credit card accounts to raise your credit limit, but there is another solution: sub-prime merchandise cards. These are cards attached to a line of credit that allow you to buy products from a specific vendor (usually the one that sold you the card). They are not VISA or MasterCards, so you won’t be able to buy groceries and fill up the gas tank with them, but they will raise your high credit limit.

Here is how a sub-prime merchandise card works. You are required to put down a deposit on whatever you buy with the card, and then finance the rest. For example, let’s say you buy $1,000 of merchandise. You pay a deposit of $300, and finance the remaining $700. The sub-prime card company reports this to the reporting bureaus, and your high credit limit is raised by $1,000 overnight. The key to this strategy is to make sure that the sub-prime merchandise card you select guarantees that it does report to the credit bureaus (not all do).

Your new, lower debt-to-credit ratio will signal your credit worthiness to lenders, and soon your credit score will rise, and you will start receiving pre-approved credit offers in the mail.

About the Author: To learn the inside secrets to building your credit fast, visit the author’s website: The Credit Secrets Bible

Source: isnare.com

Permanent Link: isnare.com/?aid=268752&ca=Finances