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Win the Race Against Car Loan Interest Rates

September 6th, 2008 by admin
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Everyone knows paying off mortgage prinicpal can net you tens of thousands of dollars in interest payments — but what about car loans? With the help of the online Auto Loan Payoff Calculator from BankingMyWay.com, you can now figure that out.

The calculator provides an amortization schedule based on details such as loan amount, interest rate, duration and time remaining. Read more
Courtesy: www.thestreet.com

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Payday lender joins Borrow Smart Alabama

September 6th, 2008 by admin
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Easy Money, a short-term lender that makes loans commonly known as payday loans, announced it is joining Borrow Smart Alabama, a industry group that promotes a code for its members.

The company has a location on Ann Street in Montgomery as well as in four other Alabama cities.
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Courtesy: www.montgomeryadvertiser.com

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Cashline Inc.: Innovative Loan Alternative for Small Business Now Available

September 6th, 2008 by admin
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Cashline Inc., a leading provider of ATM and related financial services in Canada, today announced an innovative loan alternative designed specifically for small to medium sized businesses in Canada.
A Merchant Fast Cash is a “small business-friendly” service that converts or “advances” future credit card sales and/or ATM fees into immediate cash, quickly and easily. Unlike a bank loan, which for many small businesses can be a frustrating and time consuming process, a Merchant Fast Cash does not require the business owner to provide business plans, financial statements, or pledge assets as collateral. Read more
Courtesy: www.marketwatch.com

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Chamber to host business loan class

September 6th, 2008 by admin
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Local residents searching for ways to fund a small business of their own need look no further than the Cullman County Area Chamber of Commerce.

The chamber will host its first small business loan workshop from 10 to 11 a.m. Thursday Sept. 4. at its main office, located at 301 2nd Avenue SW. The workshop, which will be one of many such workshops scheduled throughout the year and free to men and women, will be sponsored by the Women’s Business Center of North Alabama (WBCNA). Read more
Courtesy: www.cullmantimes.com

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Understanding Mortgage Refinance Rates

September 6th, 2008 by admin
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First of all, let’s define the term, shall we? Mortgage refinance rates are the lowest rates, homeowners can get when trying to refinance their mortgages. Simple, isn’t it? Maybe so, but obtaining the very best mortgage refinance rate may prove to be a little more difficult. You see, mortgage refinance rates can vary a lot depending on your credit rating.

Customers with outstanding credit will be eligible for the best rates when refinancing their home mortgages, while people with poor credit will end up paying higher interest rates. Read more
Courtesy: talk.sheknows.com

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GMAC slashing work force, reduces mortgage lending

September 6th, 2008 by admin
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Lender GMAC Financial Services said Wednesday it will close all of its 200 retail offices and lay off about 5,000 employees as part of plan to reduce its mortgage lending and servicing because of the housing market downturn.

The majority of the layoffs are slated for GMAC’s mortgage lending division, Residential Capital LLC, known as ResCap, and will reduce work force at the unit by 60 percent, the company said.
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Courtesy: ap.google.com

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Score Optimization System Delivers Melanie Hadley & Cornerstone Mortgage More FHA Loans

September 6th, 2008 by admin
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i3 Solutions today announced that Melanie Hadley was able to close what was once an impossible FHA mortgage loan by utilizing i3 Solutions’ latest technology, S.O.S. - Score Optimization System, which has revolutionized the creditrepair industry allowing mortgage professionals across the country to close more loans that were once unobtainable.
More and more mortgage professionals like Melanie Hadley are turning to the services of i3 Solutions, Inc. Read more
Courtesy: www.marketwatch.com

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Education Finance Partners lays off 113 amid shutdown

September 4th, 2008 by admin
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Education Finance Partners Inc., a private student loan company that said last year it planned to relocate much of its work from San Francisco to Austin, has ceased operations and laid off all of its 113 Austin employees, according to documents filed with the state.

San Francisco-based Education Finance stopped making loans Aug. 14 and has since vacated its West Coast headquarters, media reports indicate. In a letter to the Texas Workforce Commission, the company says its local office at 1908 Kramer Lane is being closed also. Read more
Courtesy: www.bizjournals.com

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Student lender shuts down Austin operations

September 4th, 2008 by admin
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Education Finance Partners, a private student loan company, has closed its North Austin offices and cut 113 jobs.

The company announced in 2007 that it would move the bulk of its operations to Austin from California and planned to create 200 jobs in the area.

But lenders have largely cut off money for student loans, and Education Finance Partners stopped making loans last month, saying that it could not follow through on previously promised loans. Read more
Courtesy: www.statesman.com

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Wizard’s magic trick with credit cards

September 4th, 2008 by admin
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WIZARD Home Loans last night defended its controversial decision to raise interest rates on its flagship credit card by a huge 2.75 per cent.

The re-pricing action took effect on Monday - the same day as the company cut its variable mortgage rate - and boosted the rate on Wizard’s “Clear Advantage” Mastercard to 18.49 per cent. Read more
Courtesy: www.news.com.au

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