By Marie-Claire Smith

Do you need cash in order to pay down some outstanding bills or to pay for an unexpected expense, such as a trip or a medical emergency?

If you are a homeowner, you may be in luck. For homeowners, there are two ways you can leverage the equity you have in your home in order to get the cash you need. The first way is to take out a second mortgage loan. The second way is to refinance your home.

What if you have a bad credit score? No worries: since you will be using the equity in your home as a form of loan collateral, you can still qualify for reasonable second mortgage loan interest rates – even with a low credit score.

If you are trying to decide between bad credit second mortgage loans and home refinancing, here are 5 FAQs that can help:

1. What is the difference between second mortgage loans and home refinancing?

A: A second mortgage loan – also known as a home equity loan – involves leaving your existing first mortgage alone. Instead, you are just taking out an additional mortgage, usually at a higher interest rate than you have with your first mortgage.

On the other hand, with a home refinancing loan, you are paying off any existing first and/or second mortgages with a new mortgage loan. And if you need extra cash in the process, you just take out a larger loan than what you currently owe on your home now. You end up with a larger loan principal and possibly slightly higher monthly payments, but you will have the cash you need.

2. Which type of loan is easier to qualify for if I have a bad credit score?

A: Both types of loans are easy to qualify for if you have a bad credit score. In both cases, the lender will look at several factors, including your credit score, the total amount of your outstanding (first and/or second) mortgage principal, and the current market value of your home.

3. Which option will allow me to get more cash in hand?

A: Both loans turn out about the same in this regard. Whether looking for a second mortgage or a home refinance, keep in mind that each lender will offer a certain loan-to-value (LTV) type loan. For example, an 80% LTV loan means that you will be able to borrow up to 80% of the total equity in your home. The higher the LTV, the more you can borrow.

4. Which option is lower cost to me in the long run?

A: Refinancing your existing home loan may be less costly, since it gives you the opportunity to possibly qualify for a lower interest rate than you have on your existing first mortgage. The result could be an overall lower cost of loan, which would save you more money in the long run.

5. Which option is faster?

A: Taking out a second mortgage (a home equity loan) is probably the fastest route for you to take because doing so does not involve your having to shop for a completely new first mortgage. In most cases, qualifying for a second mortgage loan takes less than an afternoon.

Bonus tip: if you have a bad credit score, be sure to shop for “bad credit second mortgage lenders” or “bad credit home equity loan lenders.” These are the ones that are most likely to approve your loan, despite your low credit score.

About the Author: Find more tips on how to qualify for a bad credit second mortgage loan at:

Bad Credit Second Mortgage Approval

.

Source:

isnare.com

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By Mark Aucamp

The current growth of UK debt is 1million every 8 minutes and we all contribute a Stonking 263 million in interest a day. There is currently 27.4million credit cards transactions made a day with a total value of 1.56billion. The total credit card debt in the UK for September 2008 was 55.7 billion and the average adult in the UK has approximately 4 credit cards, store cards and debit cards.

It is little wonder that we are all looking for the secrets to paying off our credit card debts. We make our monthly payment and then find that we paid more in interest than the amount that was reduced off our outstanding balance. Frightening isnt it!

When you look closely at your credit card statement you will see that the interest rates are somewhere between 0% and 27% per year depending on the provider. The average card is generally around the 17% +/-mark.

The secrets to paying off your credit card debts are:-

1. Credit card consolidation is the solution of last resort unless it is the only option available to you due to the lack of your disposable income.

2. Shop around for a credit card provider who offers a 0% credit card deal for the longest period of time. The normal offer is for 9 months or 12 months. Check the providers transfer fees for moving your balance to them and see if you can find a provider with either a lower fee or even better no transfer fee. Make sure that you move the balance to another card at the end of the 0% deal. If you dont then you will certainly go on their worst interest rate deal. Dont try and arrange too many 0% deals in the same month as you could find yourself being turned down. Just move one or two cards every other month.

3. It is also worth considering a credit card with a low interest rate for the term of the balance. But dont spend any money on it as the interest rate for new purchases will be exorbitantly higher.

4. If you are paying any Payment protection Insurance then you must see if you can find a cheaper policy to cover all your outstanding cards elsewhere. You should cover yourself for accident, sickness and redundancy with the same cover or better. Then cancel the credit card protection insurance from your credit card.

5. Move all of your credit card balances to better interest rate deals. Make sure that you move all you highest interest rates onto the lowest interest rate deals first.

6. Dont forget you can always ring up your credit card provider and ask what deals they have. It might be a better deal then you are currently on and any deal that is lower than you are paying now is better.

7. Now you have rearranged your credit cards you should start paying as much as you can comfortably afford off the highest interest rate cards first and the minimum allowed off the interest only cards. Get the highest interest rate cards down as quick as you can. Keep moving those cards to the next best interest rate deal as soon as the last deal finishes until all your credit cards have a ZERO balance.

8. Once you have cleared a credit card balance completely then cancel the card and move the money you were spending on the card you cancelled to the next card and watch as your balances just fall away.

9. Start using your debit cards instead of your credit cards and you will find that this will curb your passion to spend on plastic. You will go overdrawn in your bank account if you have not got enough money to cover your purchases. The bank will charge you an overdrawn charge of around 20 to 37 and you will quickly realise that you can only spend what you can afford.

10. When you have a Zero balance and one credit card left you need to reward yourself you have earned it! What a Result! Congratulations

Now that you are debt free and in control of your finances you may like to try this. You have now qualified as a Master Credit Card Tart. Apply for a 0% credit card. Then withdraw the full amount of credit they have given you and buy National Premium Bonds. Pay the minimum monthly payment allowed. At the end of the 0% deal move the balance to the next 0% deal and so on. Here is the best bit it will never cost you anything and all the winnings are tax-free and all yours courteous of the credit card company. You may just be one of the two lucky 1million Winners that they announce each month. What a flexible friend you now have!

The eleventh secret is you could contact Finance Claims Checker and let them see if your credit card agreements are invalid and unenforceable in law. If they are then they may be able to have your credit card balances written off using their solicitors and the legal loopholes in the Consumer Credit Act 1974.

About the Author: Contributing author Mark Aucamp has been providing Talk Money Blog with regular posts and comments. Mark is recognised as an authority in the field of

Debt Management

and the

Remortgage

market; he has extensive experience in providing

Advice & Solutions.

Mark is the Editor of Talk Money Blog: – http://talkmoneyblog.co.uk

Source:

isnare.com

Permanent Link:

isnare.com/?aid=320006&ca=Finances

Before you call to schedule that appointment, you may want to check outdoctor reviews online. You may have already done a general search tofind the specialists in your area, or maybe the offices that acceptyour insurance, but how do you really know what to expect? When youmake a purchase, do you check to see what other people have to sayabout the product? Now it is possible to do the same thing when itcomes to your medical care.Search by NameWhether you are looking for someone new or just want to check up onyour current physician, you can check out doctor reviews online.Usually you will need to type in the last name and the location thatyou are interested in. When you continue, you should see a list ofoffices that meet those qualifications. If not, start over and try moregeneral information.Information ProvidedWhen you look at doctor reviews online you can expect to see some ofthe basics including: name of the physician, address of the office,phone and fax number and maybe even some of his or her educationalbackground. Below will be the opinions of people within your communitywho have been treated by this person. They are able to provide sometype of ranking and leave specific comments about what they thought oftheir visit.Some people may give a more general description when providing doctorreviews while others will give you the play by play of the appointmentand everything that followed. As you read try to weed out the peoplethat are just unhappy about a circumstance that was out of the hands ofthe physician and individuals that make good points about the servicethey received and the communication between physician and patient.Don’t just skim the information. Sometimes, you will miss out on someof the most important things that you need to know. Don’t just read oneor two. If there are several, be sure to read through them to get anoverall idea of what the public’s opinion of this physician is.Finally, check out the dates for each of the entries that you read. Ifsome were written years ago, there is a chance that changes have beenmade and you will want to find out more yourself. If the entries arerecent, you are probably getting a more accurate description of thatthings are really like. The more information, the better you will beable to make your own decision when it comes to medical attention.Document Your ExperienceJust like you were given the benefit of others doctor reviews, take thetime to fill out one detailing your own experience. Remember that manypeople are looking to this type of site to help them find someone thatis going to be a good fit for them. The more honest you are, thebetter. Try to provide only the facts with the least amount of emotionpossible. Sometimes that can distract from what you are really tryingto say.

Insurance- An ultimate resort to your financial tensions Word count-522

by

RyanReynolds

Someone has rightly said that Time and Tide wait for none . There are many happenings that come into your life without your permission . Human beings often become victim to natural calamities or some mis-happenings like accidental injuries or the worse may be an accidental death. So, in such doldrums, where no life is secured , it becomes inevitable to get insured by the authentic insurance policies.

In addition, whether you run a small or a big business, you need to get business insurance. By getting the business owner insurance , you insure your business and income. Such kind of insurances covers your business, salary, accidents and every single unexpected happening which can take place in your life and distort you. Some of its features also provide you benefits in the case of theft or bankruptcy at your work place.

Likewise, there is an option of Self-employed business insurance . It is ideal for the emerging businesses and for the people who are self employed. As we know that in the crucial time of recurrent ups and downs in the global economy , you can not take guarantee of the successfulness of your new business. Neither , the business owners have any fixed amount secured for them after each month nor the working people have their job security . So , anything can happen anytime. In that case, the self employed insurance covers the maximum loss and provides the benefits to the insurers. It enables you to claim for the loss of your business or job.

Nowadays, there is a wide array of policies provided by the insurance companies which not only cover the accidental risks but also insures your family as a whole. Because , when a single person suffers, his family suffers along with him. By taking resort to the insurance companies, one can give financial protection to his family in the long run of life. Even if you encounter with some accidental loss ,you can still bring comfort for the family by providing them financial assistance offered by insurance companies. Though, it will not recover your physical loss but alleviate your grief to a great extent.

Most importantly, it is always advisable to have a deep insight of the insurance companies through which you are going to get your businesses insured. There are many companies which promise to provide you the 100% claim refund but only a few are reliable. One must go through the details of the terms , conditions and policies offered by the insurance companies. It is good to know about the details in order to avoid any exhaustion in the future. Make sure that the purpose of business and self-employed insurance is to give your mind relaxation from the unusual threat of the unexpected.

You can find out more –

Business Owner Income ProtectionBusiness Owner Accident Insurance

Article Source:

ArticleRich.com

byAlma Abell

We all realize that there are certain risks which are inherent in driving a motor vehicle. We can strive to be as safe as we possibly can when we drive, but we also accept the fact that there are some things which are beyond our control and that bad things can happen. If you find yourself in an automobile accident, there are some things you need to do to protect yourself and your rights. The most important point to make here is to not admit any responsibility for the accident to anyone.

If you have been injured in an accident, seek medical attention immediately. This may seem obvious, but many times injuries can put a person into a state of shock where they may not be aware of how badly they have been hurt. If you are able to get any photos of your injuries for later reference, your car accident attorney in Hartford, WI may be able to make use of them.

Your next step, if you are able, should be to make certain that your accident gets reported to the proper authorities, whether state, county, or local. You may be tempted at this point to contact your insurance company as well, but it’s better to wait until you have gathered more information for them before reporting the accident.

Try to get as much information as possible from anyone else who was involved in the accident. Driver’s license and insurance information is the bare minimum. If you can find out where they work, where they were driving to or from, or any other information that may be pertinent, it may be of use to your attorney. If there were any witnesses to the accident, try to get contact information from them, as well.

Most cell phones have picture-taking capabilities, so try to get photos of the accident scene before any vehicles have been moved. This may help an accident investigator reconstruct what happened. Even if the photos are not the best quality, they can be a big help to your case.

The next step you take may be the most crucial; contact an experienced car accident attorney Hartford, WI. He will use all of his skill and all of the resources of his firm to make certain that your rights are protected and that you receive adequate compensation for the damages inflicted. Hetzel & Nelson LLC will stand up for you and be your voice.