Posts Tagged ‘lending’

The Long Mile Of The Mortgage Modification Business

November 6th, 2018 Comments off

Who is there to Help Those Who are Called to Provide Help? I work at a Foreclosure Defense Law Firm which happens to also engage in the practice of Loan Modifications. I am not an lawyer nor am I here to provide or imply legal advice. The Loan Modification & Foreclosure Defense business has gotten a bad rap due to some rotting apples in the bunch but there are some of us who actually care about what we do.

It’s terrible that myself and others are subjected to the very inaccurate and fictitiously skewed perspectives that is constantly broad casted by the media without conscience to the patriotic men and women who give up valuable time with their own families in an effort to restore stability to families. The Broadcasters as a whole has been quick to tell stories that tell of bad lenders and what were once prominent mortgage lenders now well on their way to becoming cell mates at local and federal correction institutions nationwide.

But what about people like myself, people with a sincere, moral, and ethical motivation to assist their fellow Homeowners in saving their American Dream? It is amazing to see how many of us really do have an impeccable work ethic and are passionate about aiding homeowners in distress.

Not only do we deal with the bad Info of the self serving and often relentless broadcasters but many of us are faced with a tragic and sometimes devastating dilemma, the mortal fact that we are exactly that, we are only human. In my personal experience it has become difficult at times to walk away from my job at the end of the day. Every day at the Law Firm it seems there is a more horrible or unjust case than the last, but still they seem to keep coming, almost as if there were no end in sight. For anyone with a heart or anyone who is truly undaunted in their faith, although it can be spiritually and financially rewarding at times, the Foreclosure & Loan Modification business can become truly draining after prolonged exposure. To the credit of those who possess the inner strength and choose to answer the call of servant leadership, I am writing this to acknowledge the truth behind the old saying “Never judge a man until you walk a mile in his shoes.” and to add that “working a day in his suit might not be a bad idea either”.

During the course of our own personal disasters, there is a lot to be said for the idea of taking a marginal step back, and away from the situation or stepping outside one’s self to reflect for a moment that there are many variables in every equation and sometimes all is not what it seems. This is the moral of the story, to better illustrate I will share something with those who took a moment to look a little further into this article. judging my intentions based on my statements is that I and the majority of our clients could actually be considered one and the same if you were to make a generalization or attempt to categorize me.

mortgage What do I mean by that? What I am making an effort to convey is that sometimes it seems like the worst enemy a borrower can have in the courtroom is not the Lender threatening to take back the house and not even the Law Firm representing them. The worst enemy that many Homeowners face while facing a possible or impending Foreclosure is the enemy they find staring back at them in the mirror each day. That enemy is Homeowners themselves, in my experience it seems to be the most common recurrence among cases I have seen during my time working in the Foreclosure Defense industry. Homeowners and in many cases family members alike are so concerned with getting cheated that in reality they wind up cheating themselves. In conclusion I will provide you with the missing material fact which should re-calibrate even the most skeptical perspectives. In approximately 30 days from today I will be going before a judge in an effort to save my own home from a pending foreclosure which I have fought long and hard to overcome. The truth is that was my original reason for getting involved in the industry, I did it to find a solution for the Foreclosure that has been looming like a dark shadow of unknown demise over my own life. You see I too share all the same concerns and all the same fears as so many other American Homeowners do in this country today. You wouldn’t believe how often people misconstrue the sincere empathy and sense of urgency which I often tend to convey. Many misunderstanding what they sense immediately defaulting to the negative which has been cultivated by our society today. This almost automatic defense system has left many Homeowners and their families almost completely defenseless and unable to protect their homes due to their inability or refusal to act. I also have been fighting to save my last and final property that I own and live in. So in final it is with great sincerity that I offer this humble opinion. Never judge a book by it’s cover because it might end up costing you more than you thought it would ever be.

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Business Financing Through Merchant Cash Advance

February 18th, 2013 Comments off

Looking for a way to get business financing, but having a difficult time? If so, then you are already aware of the different hurdles that you need to overcome, especially if you are trying to get your loan through the banks. Trying to get business financing through traditional financial institutions means having to meet all sorts of difficult terms. If you want to be able to have access to business finance easily, then going for a merchant cash advance is a sound solution.

You might now be wondering what a merchant cash advance is and how to obtain business financing with it. Simply put, a merchant cash advance is among the most hassle-free means of obtain financing for your business. It’s already well-known in the US but is relatively new in the UK. Generally, all types of businesses, whether small or large, will be able to avail of one as long as their main method of doing sales involves credit card transactions. It works as a cash advance that is determined largely by the volume of your credit card sales, that is, the amount of your cash advance is dependent on the average volume of your business’s credit card transactions each month. This is what makes it unique.

A myriad of benefits are offered through a merchant cash advance that banks and other similar institutions would not be able to match. Some of them are the following:

1. They often get approved within 24 hours, unlike small business loans through banks which could take weeks to be approved, that is, if they ever get approved at all.

2. You will normally be able to get the funds that you need within 10 business days after the approval of your merchant cash advance. This will be invaluable to your business growth plans.

3. A merchant cash advance is flexible. You can use the funds that you will be getting in any way that you want. When you get a traditional loan from banks, you would only be allowed to use the funds for one particular purpose.

4. Worrying about paying a fixed lump sum monthly is something that you can do away with when you go for a merchant cash advance. Why? Your monthly repayment is dependent on the volume of your average daily credit card sales. The less you have, the less you to repay.

5. Getting your merchant cash advance topped-up is easy as long as you have paid some percentage of it. You can do it without re-application.

6. Your credit rating or your business’s credit rating will not be affected in any adverse manner when you go for a merchant cash advance.

7. There is no need for collateral in order for it to get approved.

If you still aren’t convinced how your business can greatly benefit from a merchant cash advance, you just need to talk to a merchant cash advance specialist. Route all your concerns through him or her and for sure, your doubts will be erased. To be able to experience its advantages, all you need to make sure of is to be in business for at least a year now at have some credit card sales!

Getting Merchant loan has never been easier. Get business cash advance advice from Credit For Merchants.

Seeking Out a First Time Buyer Auto Loan?

January 1st, 2013 Comments off

In the event you just graduated from college and you want to take advantage of a first time buyer auto loans, then possibly an online auto loan might be what you long for. Furthermore, understand that lenders have to be assured you can pay your auto loan quickly so it is vital you will be at the least working at your job a minimum of 6 months before you make application for a first time buyer auto loan.

Online auto loans do not only make buying vehicles effortless, they also supply a venue for the first time buyer to avail of a first time buyer auto loan. Sadly, individuals with no credit score and people with a bad credit record are addressed the same way. This is because lenders are wary with individuals that have no previous auto loan record. This causes it to become hard for them to gage the risks concerned in lending money to you. The majority of first time buyers have to avail of a bad credit auto loan rather than face the risk of getting turned down by lenders. A Bad credit auto loan charges higher rates of interest than the usual loans. You can find numerous online auto loan providers that give first time buyer auto loans. Do some research on a number of websites that provide first time buyer loans before you decide to choose. Make comparisons on the auto loans offered. The amount of time and energy you’ve spent could spell the difference of a few 100 to even thousands savings for you personally.

Availing of low credit score loans is a great way to start for first time buyers. There are numerous specialist loan providers who could supply a bad credit score loans for first time buyers. It can be in fact quite easy to acquire first time buyer auto loans. What’s hard is paying the big monthly installments due to the high interest rates lenders charge to first time buyer auto loan applicants.

Should you be paying a greater monthly payment because of the fact that you are a first time buyer then you might as well buy a cheap auto. This way your monthly payments won’t be as huge when compared with that of a new car. Refinancing a poor credit might be a wise decision to take into consideration. You could potentially lower your interest, save several hundreds of dollars and pay lower monthly premiums along the way. You can also lower your monthly payments by paying a bigger down payment. This way monthly payments could turn out less expensive.

Paying your a bad credit score loan by the due date could significantly improve your credit ranking. So better keep that in mind to prevent payment lapses and incurring poor credit. Make certain you will get a good and clean credit record. This is essential to avail of low interest loans. When you have established an excellent credit record, then that is the point in time to make larger purchases like a new car.

There are many places to locate a first time buyer auto loan, but by by far the favored application process is found on the internet. Check out Quicker Automobile Loans for an immediate Auto Loan quote.

Cash-Out Refinancing and What It Can Mean for St Louis Mortgage Owners

October 8th, 2012 Comments off

With interest rates being at an all time low, this has created a literal fiscal tidal wave of homeowners pouring into lenders for a St. Louis refinancing. Even with the banking industry tightening their financial belts, a cash-out refinancing might be the right solution and perhaps a realistic option for you.

St. Louis homeowners would do well to take into consideration several important factors before applying for that refinancing cash-out mortgage. Here’s a few points that will help you decide if this loan is the right one for you.

1. Do you understand what a cash-out refinance is?

The easiest way to understand this mortgage option is when a homeowner refinances their mortgage and decides to cash-in some portion of their equity. This is what we refer to as a cash-out refinance.

The consumer is actually creating a new home loan at the present lower interest rate while at the same time cashing in some of their home’s equity.

2. Check your credit before refinancing

The days of automatic home loan approvals are a thing of the past. Times have definitely changed. Lenders are becoming more and more hesitant in extending credit to people who they consider a risk. You need to take the time and thoroughly review your credit history.

If you find that your credit score is too low, you probably will want to put off doing a cash-out refinance. You would obviously want to work on raising your credit score and watch your day-to-day spending.

Although this point has been made numerous times and sad to say some folks still miss the point entirely but when it comes to checking your credit profile, you may be in for a rude awakening. Your credit profile may reveal mistakes you knew nothing about.

Since it is your responsibility to maintain the accuracy of your credit history, you must take the initiative and fix these mistakes before applying for any type of loan much less a cash-out refinance loan.

Remember, knowledge is power. Now is not the time to act hastily with your finances. This type of loan maybe the right course of action at the right time. But do yourself a big favor and closely consider these suggestions because these tips can save you wasted time and money now and in the future.

3. Make sure all your paperwork is in order

If you think that you can breeze through the loan process you may be in line for a rude awakening. Make sure you have all your paperwork completely filled out and in proper order.

Lenders are more particular than ever. They will carefully scrutinize your income, your taxes and any financial information you provide to them and base their lending decision accordingly.

That is why you need to work closely with your banker or mortgage broker when applying for a refinancing cash-out loan. St. Louis mortgage owners can then enjoy lower rates and accomplish their overall financial goals.

Learn more about a St. Louis Refinancing Cash-Out Loan. Stop by Floyd J. Tapia’s site where you can find out all about the latest St. Louis Mortgage and Real Estate News and what it can do for you.

Important Changes To Make In Your Investment Properties!

August 30th, 2012 Comments off

Getting the ball rolling on any project often takes more energy than it should. When you do get things rolling you really want to be organized enough to keep up the pace. In the home rehabbing business, this seems to be common difficulty. Many times the most glaring issue that is wrong with a home is not easily discovered.

Finding a good place to start will help you keep your rehab project proceeding in the right direction. Just to help you get started on developing your own rehab manifest, here is a short list of places you may consider starting from.

Now you can start the demo. This is the phase that you remove all the old, antiquated parts or materials in the home. This can be as extensive as removing a wall or completely gutting a kitchen. This can be as simple as carpets and padding to removing lathe and plaster.

Now, it is time for the demolition. This is the stage where you clean the property. This can be as extensive as removing a wall or completely gutting a kitchen. This can be as simple as carpets and padding to removing lathe and plaster. You may even want to update the furnace or air conditioner. If these are still working, you can sell them to surplus shops or neighbors. The money can always go toward something in your own project. If the old paint needs to be scraped, then it will go as well.

Next you can address more important facets. Remember, rehabbing houses means you are operating with a tight budget. That means you must prioritize repairs that will eat up most of your money. Always remember to pull building permits while fixing anything structural. Then you take care of the superficial things. Structural repairs can be anything that is directly tied to the structure or support of the home and doesn’t necessarily remain visible after completion.

It is also important to make any changes to the ventilation system in your next steps. Followed by any necessary electrical and plumbing changes you plan on implementing. Making changes to the appearance is next. Installing new lighting fixtures, applying paint, and replacing doorknobs are examples of cosmetic repairs.

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