Your complete guide to achieve financial freedom. Proven tips, tools and tactics for you to achieve financial freedom. Make money, save money and effectively manage your money.

The Online Payday Loan

Written by Dian Herdiana on 7:28 AM

Online payday loans are useful to many people for a variety of reasons. Sometimes things come up unexpectedly and you don't have the cash available to deal with them. Getting a payday advance is a way to get money quickly to take care of your needs. Applying for the loan online can be a quick and efficient method of securing your loan.

Taking a payday loan online can be more convenient than visiting a traditional store. Many people work longer hours and cannot get in during the day. When you take a loan in person, you must go to the store to get the loan, and then go back two weeks later to repay it. This is a major time commitment that can be difficult. There is also the risk of carrying large amounts of cash back and forth to the bank. Online payday loans are much less time consuming.

Before you take an online payday loan, be sure to check several web sites to compare companies. Look at the annual interest rate and the fee per $100. There is usually a fee to wire the money to your account. These fees can vary widely and it is to your advantage to shop around before you commit. Also check any reviews that they may have. The Better Business Bureau is a great site to check to see what other consumers think of the company. Read all the fine print so that there will be no surprises later on.

Applying for an online payday loan is quick and painless. Once you determine which lender you want to use, simply log on to their site. Have your bank account number and routing number available. Most sites directly deposit your loan into your account. Payday advances are generally due in two weeks or on your next payday. The amount of the loan plus the finance charge is usually simply deducted from your bank account on the specified date.

There are some risks involved with an online payday loan. Whenever you transmit personal or financial information over the internet you have to be careful. Be sure that the website is secure. The way to do this is to be sure that it is an https as opposed to just http. Make sure that rates and terms are disclosed up front so that you don't get stuck with huge fees in the end. If you fail to have the money in your account to repay the loan, you will get charged insufficient funds fees from both the payday company and your bank.

Online payday loans are an efficient way to get quick cash in a pinch. They are convenient and speedy. Just be sure that you exercise caution and common sense when applying for your advance. As long as you follow some simple guidelines, online payday loans can be a viable way to relieve short term financial pressure.

Payday loans are a very good way to get some real fast cash, and it is relatively safe and not as risky as the long term loans, naturally you need to be aware of the factors that come into play here, and to protect yourself from taking financial risks, learn about Payday Loans at the payday loans information site

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Secured Personal Loan: Cost Effective Loans

Written by Dian Herdiana on 7:12 AM

If you are a homeowner looking for a loan, then a secured personal loan seems to be the right choice for you. The advantages of this loan are many. You get a comparatively low rate of interest. The terms and conditions are certainly more flexible. The repayment period is long and can range from anywhere around 5 to 25 years. All these benefits are possible because the borrower has already pledged collateral as security. In case the borrower is unable to pay back the loan, the lender can initiate legal action and even take over the collateral.

The threat of repossession makes secured personal loan a relatively risky proposition for the borrower. But in return they have to pay low annual percentage rates (APRs). Also, there are no limitations regarding their usage. It can be used for expanding your business, buying a new car, investing in new property, and even taking vacations. This kind of loans can generally be taken by homeowners, and therefore, also called homeowner loans.

The processing time of such loans is generally less. A person with bad credit history can also apply for a secured personal loan. Of course, the loan amount depends upon the equity of the property. But as a norm, you can avail up to 90% of your property equity. Secured personal loans are easily available. Several banks and financial companies offer secured personal loans with attractive terms and conditions. A detailed online search will guide you on the right track. Additionally, you also can go in for online loans.

About The Author:

The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in Business Administration and is currently assisting Chance4finance as a finance specialist. For more information please visit:

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Why to refinance second mortgage

Written by Dian Herdiana on 7:39 AM

One very effective way of saving money with your current loan is to choose a mortgage refinance that can balance or readjust your payments according to your needs. So why would you need a refinance second mortgage? The answer is that especially when the interest rates are increasing or, even in times of low interest rates, there just might not be any reason for thinking of a mortgage refinance. And even so there is still a way of saving money and even making some investments with a simple plan to refinance second mortgage.

The idea to refinance second mortgage implies that you are actually re-doing, re-considering, and even re-shaping your second mortgage. The expected result of refinance second mortgage is in the first place to save money by reducing the interest rate, and in the second place it aims to obtain additional money for further investments. With such adjustments, refinance second mortgage can save you up to hundreds of dollars per month, which will probably sum up to thousands of dollars throughout the whole payment term of the loan.

Usually this type of refinance second mortgage is a very common choice with those people who want to shift from a variable mortgage rate system to a fixed rate second mortgage which obviously implies fixed monthly payments at a lower current rate.

Refinance second mortgage is nevertheless a well chosen option if you need extra cash for other investments or a safety reserve for unexpected opportunities or even family emergencies, or, it can turn out to be of great help if you're considering any kind of projects of home improvement in order to increase the value of your property or maybe you may just want to secure your funds for debt consolidation. With all these second mortgage refinance can do a great job.

Two advantages that second mortgages hold are that they are tax-deductible and you don't have to pay annual fees with fixed rate second mortgages. So if you are barely coping with your financial problems, refinancing your second mortgage might be the solution. The best moment to benefit from the advantages of second mortgage refinance is to do it when the interest rates are still low, or at least lower than your current rate.

On the whole it will take about two-three weeks to get the refinance loan but the whole process can be either sped up or slowed down depending on different factors. The most important thing is to prepare the necessary documentation in due time, so that your lender will not slow down your loan process until you come with the complete documentation.

In conclusion when you are looking for refinancing solutions to get you cash out of your home you should carefully examine your options and also ask your lender about all the details and implications of refinancing second mortgage. For example if you decide to choose cash out refinance loan over a rate and term refinance the loan lender will add an extra charge to the rate. Still, home equity loans or second mortgage refinancing make an exception, as most lenders don't require any additional charges to the interest rates. So you might want to do some research in the refinance second mortgage matter when you want to finance cash for your home equity loan, rather than refinancing your first mortgage.

If you feel this helps, please drop by my website for additional information, such as how to refinance a second mortgage or additional resources on mortgage rates.

7 Surefire Ways To Repair Bad Credit

Written by Dian Herdiana on 7:19 AM

Do you have a poor credit rating? If so, you are one of tens of thousands of Americans with the same problem. In fact, it seems that this has become a national ‘disease.’ And just what do people need that have a disease? They need a cure.

Here are some sure-fire solutions to ' repair bad credit '. Keep in mind, like most ‘diseases,’ credit repair can take some time, but complete healing is possible.

The First Step

The first thing you need to do is find out what is being reported about you. This is easy and inexpensive. For under $10, you can get your credit report from one of the three main credit reporting companies: Equifax, Experian, or TransUnion. Keep in mind however, that if you have recently been denied credit, you can get a free report from the same credit bureau the lender used to reject you as long as you do so within 30 days.

What You Don’t Need

You don’t need a repair clinic. Why? There is no legal way to ‘repair’ your credit. Those that claim to know loopholes and shortcuts are merely out for your money. They may even get you into legal trouble by having you fudge the facts or creating a whole new file for you. Anything legal that a clinic can do, you can do just as easily and without the cost of ‘professional’ help.

Further Steps to Take

1. Stop using your credit cards immediately. Put them somewhere where they will not tempt you. You may consider keeping at least one card for emergency purposes. Additionally, with poor credit, you may find it more difficult to get a credit card in the future. If you keep at least one account open, then you won’t have to worry about applying.

2. Be Honest With Yourself. Taking a good hard look at your financial situation, particularly if it isn’t good, can be very difficult. Yet, to get out debt you have to fully understand what the situation is.

3. Find the Errors. Believe it or not, up to 40% of all credit reports have errors in them. If you find that your credit report shows something that is not true, you need to write to them with all the details. Be sure to use certified mail so that you can keep track of who you wrote to, when you wrote, and who received the mail on the credit bureau’s end. Then ask the credit bureau to send a corrected report to anyone who has requested a report on you in the last 6 months.

4. Find the Omissions. By law, you are allowed to add information to your report that you believe will help your rating. This might be additional information about a repayment of a loan, good credit you have with companies that do not report to the credit bureau, or salary increases.

5. You Must Have a Plan. Whether you determine to pay your bills down little at a time, take a second job, go to credit counseling, or file bankruptcy, you need to make a plan and stick to it. In order for your credit to be improved, you have to have a plan and then take action!

6. Talk to those that you owe. Creditors want their money. They do not want you to default (quit paying). In fact, most creditors will work with you to get a reduced payment schedule. If you can keep them from reporting you to the credit bureau, then it won’t hurt your credit. The catch here is this: be sure to stick to the new negotiated plan – they won’t renegotiate if you fail to comply.

7. The Best Cure is Time. Have you ever heard the saying ‘time heals all wounds’? It also heals your credit. After 7 years, most items will be dropped. This is good news if you are working to correct your credit. As each year passes, more and more bad items will drop off and more and more good items will be included. Eventually, the disease will be cured.

Follow these steps and you will find that your credit looks healthier and healthier each day. Eventually this path will lead you to full recovery. Good Luck!

Wesley Atkins is the owner of which aims to get you fitted with the best credit cards to suit your situation. With numerous credit card articles and easy online credit card applications you will never choose the wrong credit card again.

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Refinancing, Debt Consolidation Mortgage – Top 3 Benefits

Written by Dian Herdiana on 7:48 AM

By Ben Ehinger

Have you been thinking about refinancing your mortgage to consolidate some of your debts? A refinancing, debt consolidation mortgage, has become a very popular way to bundle all of a person’s payments and debts into one easy payment each month. This type of a loan has some great benefits

The top 3 benefits of refinancing your mortgage to consolidate your debts

Benefit #1 – You will only have one payment each month

It is generally easier for most people to make one payment each month instead of 5-8 different payments. It is easier to remember one due date and deal with one statement in the mail each month. When you refinance your mortgage to payoff other debts such as credit cards, auto loans, personal loan, old collection accounts, or any other debts, you are creating a system to only make one payment a month on all of these bills.

Benefit #2 – You can usually save thousands of dollars by refinancing

When you refinance your mortgage you will generally have a lower rate than the average credit card and personal loan. This will allow you to save money since; when you consolidate your debts into your mortgage you end up paying these debts at a lower interest rate. This can literally save you thousands of dollars on the back end of these debts.

Benefit #3 – You will no longer have these debts on your credit report

Refinancing to consolidate debts will completely eliminate the debts that you roll into your mortgage. This can drastically reduce your monthly payment and in the process clean up your credit report. Once you clean up your credit report by consolidating your debts your credit score will raise. Then, you can get a lower rate on new credit cards, loans, and even on your next refinance.

Now that you know the top 3 benefits to refinancing your home to consolidate your high interest debts, you have only one choice to make. Which lender has the right program for you? I recommend doing an online comparison quote to see what is out there, and don’t forget to shop around.

Get your online comparison quote right how by following the link below:

Online Refinance Quote

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It's A Booming Time For Business

Written by Dian Herdiana on 7:06 AM

By Tim Knox

The first wave of Baby Boomers turned 60 this year and as many approach the traditional retirement age of 65 they are finding that (a) they are still vibrant and don' t want to stop working; and/or (b) their life expectancy has been extended and they will be dead broke long before they are dead and gone.

As a result Baby Boomers are not slowing down now that they're approaching what once would have been considered their "golden years." If you were a man you expected to retire at 65 and die at 75; and if you were smart you banked enough dough to see you comfortably through that stretch. We figured we'd get at least 10 good leisurely years before the grim reaper shows up without having to worry about money. Turns out, we were wrong.

Leave it to modern medicine and Mother Nature to throw a monkey wrench in our plans. People are living longer, which is one of those good news/bad news scenarios. It's good that you're living longer, but it stinks that you have no idea how you're going to finance all that extra life. Who wants to live forever on a diet of crackers and cat food? Certainly not me and I expect, not you. And do me a favor: if you see me thirty years from now passing out buggies at Wal-Mart, please, just kill me where I stand. You'll be doing me and all Wal-Mart shoppers a huge service.

Personally, I think Viagra is the reason men are now living longer. Let's be honest; if a man thinks there's still a chance of getting lucky when he's in his eighties he'll hold on for dear life. And women are living longer because they know old men couldn't survive without them. We'd never find our car keys or our pants or our reading glasses or our way home from the drug store.

Being your average, white male in good health, I can now expect to live into my eighties if I can avoid an unexpected heart attack, getting creamed by a runaway truck, or the wrath of my lovely wife (who I believe is actually killing me a little every day).

And by the time I get to eighty years old someone will have discovered a pill that extends my life into the hundred and ten range. Personally I don't think I want to live to be a hundred and ten. I'm crotchety enough now in my forties. Imagine what a pain in the backside I'll be fifty years from now.

All kidding aside, older Americans are finding that they have the time, energy, desire and, sometimes, the need to start their own business. I talked about the insurgence of older entrepreneurs in this column two years ago and as I predicted then, the trend toward elder entrepreneurship continues today.

  • A report from Barclays Bank showed that older entrepreneurs are responsible for 50 percent more business start-ups than 10 years ago. This amounted to around 60,000 business start-ups in 2005 alone. The report further showed that only 27 percent run the business as the only source of household income, with 51 percent supplementing their pension.
  • Other key findings showed that third age start-ups account for 15 percent of all new businesses, and third age entrepreneurs are three times more likely to be male than female.
  • Americans over 60 are the fastest growing segment of Internet users and many are starting online businesses.

I talked to "Boomer Expert" John Howe, 63, of Dallas, TX, who has started an organization designed to assist Baby Boomers who want to learn more about entrepreneurship and making their older years more fulfilling and profitable. Howe publishes the weekly electronic magazine for Boomers found at I asked: How are boomer entrepreneurs different from younger entrepreneurs?

"Boomers have the benefit of the lessons that many bumps and scars of life taught them," Howe said. "They are more conservative than the younger group. Patience is a trait that one learns with age. When we are young, we tend to shoot from the hip a lot. A little age teaches you to take aim and fire.

"Boomers also have more money to invest in their venture than the younger group, but the fact that this money is from retirement savings makes a Boomer conservative. The Boomer will study the opportunity and do a lot more homework before jumping in."

Howe makes a good point. Boomers are more careful with their money because they have less time to rebuild their fortune than someone who goes belly up at 25. I asked Howe why he thought so many Boomers were starting businesses. Was it out of desperation and need or because they enjoy the challenge?

Howe responded, "I believe it is a mix of all of these. It also depends on the person. A major concern is that modern medicine will make us live longer and we will outlive our savings. When we started saving 30 years ago, many planned savings for living a shorter time that we are now projected to live."

And why are so many boomers now looking at entrepreneurship as a way to supplement their retirement income?

"Some, like myself, cannot think about not having a challenge to wake up to everyday," said Howe. "Sitting around without a definite direction is not my idea of retirement. I am also not doing this for free so it is also profit motivated. We Boomers made a lot of money over the course of our lives, but many lived for the moment and did not plan for retirement like they should have, or they suffered in the stock market downturn and lost a considerable amount of their savings."

In the end, Howe believes, the decision by Baby Boomers to start a business comes down to energy and economics. "If the desire and finances are there, there is no reason someone over 60 should not consider becoming an entrepreneur."

If you're a Booomer interested in starting your own business you can contact John Howe at

From "Small Business Q&A" With Tim Knox

Tim Knox is a nationally-known entrepreneur, author, speaker, and radio show host. Tim has helped hundreds of entrepreneurs realize their business dreams. To learn more please visit

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5 Super Wealth-Building Tips Pave the Way to Financial Freedom

Written by Dian Herdiana on 1:30 AM

There are so many things involved with building wealth that it would take much more than one article to explain it all. So, we've put together a simple five-step guide to help you get a great start in building wealth for a lifetime.

Step 1: Set Specific Goals

Goal setting is a task that can be easily put off - especially when you are extremely busy in day-to-day activities. However, goal setting is the first and one of the most important steps you'll take to achieve wealth. Set both short-term and long-term goals. Short-term goals may be daily, weekly and monthly goals. These should reveal where you would like to be financially by a certain time in the near future.

Long-term goals include the amount of wealth you would like to accumulate within a year, two years, or maybe even five or ten years. Both types of goals are necessary to build wealth. Without goals, you are wondering blindly with no care or thought of what's ahead. This pattern of life is sure to leave you empty-handed!

Step 2: Create a Business Plan

Every successful business from the past and today started with a plan. Your business plan should illustrate where you are now, where you plan to be in the future, and how you're going to get there. Write these few notes down on paper. Then, fill in the blanks to create a rough business plan. It's easier than you think.

*Your current income
*Business profits and expenses (if you already own a business)
*Business budget (or personal budget if working for someone else)
*Capital needed upfront to promote and operate business
*Plans to acquire the capital needed (source of capital)
*Spending plan (promotions, supplies, inventory, online expenses, etc.)
*Expectations (What results do you expect from your initial efforts?)

Creating a business plan is a necessary step to build wealth through your own business. Even if you don't own a business, you should write down a similar plan to reach your personal wealth goals.

Step 3: Avoid Harmful Debt

Debt is the one of the key reasons many people never accumulate wealth. But remember, there are two types of debt: harmful debt and necessary debt. Harmful debt is the debt you create for things you do not need such as excessive shopping, luxury items, expensive cars that you can't afford, etc. Necessary debt is a debt most people must have to live, such as a mortgage, car loan (affordable), medical, college, etc. These debts are a part of life for most families and will be for many, many years. However, even these types of debts should be kept well within your income limitations. If you can only afford a $250/month car loan, then shop around until you find one at this price. Don't give in to the temptations and pressures to buy the fancier, more expensive car with a $450/month payment. It's not worth the risk!

You may ask, "I thought these steps were for building wealth?"

As it happens, debt is the opposite of wealth. The more debt you have, the less wealth you will accumulate. You can't save money or invest money that belongs to someone else. If you earn $3,000 in income this month, but owe $2,000 in loans (before everyday living expenses), you can't possibly have extra money to save. You must either earn more or sell some items to pay off your debt. You should avoid this "debt trap" if you intend on building wealth for the future.

Another type of debt is one for your business. You may take out a small business loan to get things started or to promote your business. If you are uncertain about whether the business will bring profits, try to avoid business debt until you have tested it a while.

Step 4: Develop a Personal Plan

Above, you developed a business plan. Now it's time to create a personal plan. What tasks will you do daily to build wealth? Put yourself on a schedule and a strict budget. Work toward your goals daily by making a list of things to do and marking off each item on the list as you complete the tasks. In your budgeting, include a set amount of money you will put away in savings (savings account, IRA, stocks, bonds, etc.) If you plan to invest, be sure to diversify your investments. Choose only one or two high-risk investments and several "safer" investments such as mutual funds or bonds.

Step 5: Stay focused on the Goal, not the Circumstances

No matter what circumstances you find yourself in, keep your eyes on the wealth-building goal ahead. Even if sales are down in your business, don't stop dead in your tracks. Remember, businesses have ups and downs. If you remain steadfast toward your goal during the slow times, the busy times are bound to be much better than ever. Your income will grow and you will have the extra money needed to reach your wealth-building goals.

In a nutshell, building wealth does not happen over night with one get-rich-quick program. It happens with consistent labor toward the goals and tasks you have created. You can build wealth for your future if you do not waver from these basic truths that have worked for millions of others!

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Chris Robertson is an author of Majon International, one of the worlds MOST popular internet marketing companies. For tips/information, click here: wealth
Visit Majon's Business and Entrepreneurs directory.

Why Do Most People Fail to Meet Their Goals and Objectives?

Written by Dian Herdiana on 8:45 AM

By Roy Thomsitt

While there are probably no firm statistics on the subject, I think most of us would agree that the majority of people never achieve their goals and objectives. In fact, the same reasons for this failure can also be the reasons why many never really have any objectives in the first place.

To set objectives, someone needs to have ambitions, but not all people have any ambition at all. They may be either content, resigned, or are brainwashed into believing that they have a fixed role in a vast machine, from which there is no escape. Some, too, have probably never even thought about it. They have just done what they have done, and will do what they will do, as if they were an end product of a factory production line; products with no independent thought or purpose, just a spare part to be fixed to a larger product, which itself may be fixed to an even larger product.

The Odds Against Achieving Objectives

For those who do have any sort of ambition, objectives, and dreams, the odds can be stacked against them. There are many reasons for this:

1. The education systems of most Western countries do not train young people to think for themselves. Social pressures are therefore in favour of perpetuating the production line of subservient workers, the proverbial small cogs in large wheels. The politicians and their political parties who govern these countries have no reason to upset the status quo. The last thing politicians want is a generation of students who are powerful and independent in the use of their minds.

2. From the student days to the early days of a career, the vast majority just follow the trodden path of their parents and peers. If their parents and friends are not independent achievers, then the chances are they will not be either. To even set personal objectives at all, whether formally written down or loosely in their mind, would probably set them apart from the majority. But even then, it is like wading through mud to break free from the norm and achieve ambitious goals.

3. The best time to establish a pattern of setting goals and reaching them is while young. Young people, of course, are more easily distracted than their older counterparts. Whether it is through a volatile love life or an excess of parties and other social activities, achievement can easily take a back seat in their lives. Try to step outside of that norm, and they may well feel peer pressure forcing them to conform. The fact is, most people, of any age, cannot deal with being different from everyone else. To set ambitious objectives and achieve them needs a firm degree of independence, both in action and thought.

4. To set and achieve personal goals requires a lot of motivation, and that is not something that is in plentiful supply. For many in the material West, motivation equates to money, but money itself is not a competent motivator. Why go to the trouble of setting goals and working flat out to achieve success and get that money? That is something of a scenic route; there is, after all, a direct line to money in the West, in the UK and US in particular, and that is the Credit Line. The credit disease is itself can demotivate when it comes to actually doing something that will earn you money.

5. By and large, people are lazy, and cannot be motivated to work hard for themselves and set themselves apart. Once in a job or career, it is so easy to slip into an auto pilot life, pivoted around a large mortgage, cars you cannot really afford, a daily grind of commuting to a job where you have no independence and can be fired at the drop of a hat. But, it's your life and you keep it that way until forced to do otherwise.

6. Achievement in most fields involves set backs along the way. Most people are impatient and unrealistic, and if success is not a smooth path or instant, they soon give up and retreat to their safe, humdrum, non independent existence. They may never then wake from their slumber, until one day they wake up to find themselves near to retirement, made redundant, heavily in debt, and with no savings or investment. That is a common path for those not determined to achieve true independence, both financial and in thought.

Achieving worthwhile goals, which you really desire and will bring you long term financial freedom and wealth, requires vision, determination, an ability to bounce back from set backs, persistence and a lot of self belief and confidence. It also means ignoring the doubters, who one day look upon you with admiration and envy, but for now are making you look small with their flash credit driven car and 110% mortgaged house which they will never really own.

For those who can overcome all those obstacles to achievement, life can eventually become very sweet indeed, and the negative influences, the doubters, will fade into the distant past.

This setting and achieving personal objectives article was written by Roy Thomsitt. More of Roy's articles on aspects of self improvement can be found on the Routes to Self Improvement web site.

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Mortgage Refinancing – A Warning About Refinancing With a Bank

Written by Dian Herdiana on 8:58 AM

If you are considering mortgage refinancing with your bank, you should read the following discussion first. Banks fall into a special category of mortgage lenders and routinely charge Service Release Premium (SRP) for their loans. What is SRP and why should you avoid banks altogether for your next mortgage loan? The answer will surprise you.

Banks and Broker-Banks are a unique type of mortgage originator as they fund their mortgage loans with their own money; Broker-Banks are simply banks pretending to be mortgage brokers. Everyone else in the marketplace (mortgage companies & brokers) is a retail vendor that sells mortgage products for wholesale lenders. Because banks fund their loans with the bank’s money, many people mistakenly think taking out a mortgage from the bank or credit union is going to be cheaper than taking out a retail mortgage loan.

The ugly truth about banks comes from the fact that they are exempt from the Real Estate Settlement Procedures Act (RESPA); legislation that protects homeowners from abusive lending practices by requiring mortgage lenders to disclose all fees and markup associated with their loans. When RESPA was being the drafted the banking lobby campaigned feverishly to be excluded from any disclosure legislation. Millions of dollars changed hands and when RESPA became law, your bank was exempt. This means the bank can literally charge you whatever they like and no one is the wiser.

So what is Service Release Premium?

Bank mortgage loans are often called “correspondent loans” because after the banker completes your mortgage that bank will immediately turn around and sell it on the secondary market. Banks earn a premium on the secondary market by charging Service Release Premium, and here’s how it works. Suppose prevailing mortgage interest rates are 6.00%. You have good credit and meet every requirement to qualify for a 6.00% interest rate on the wholesale market. Your banker knows this, but charges you 6.50%. The markup from 6.0% - 6.5% is Service Release Premium. Banks do this because they will receive an additional two points, or 2% of the loan balance, when the mortgage is sold on the secondary market. Because banks are exempt to all RESPA laws protecting you from this fleecing, you will never know it happened.

Every bank does this and because of the loophole in RESPA legislation and no bank will ever disclose how much they have inflated your mortgage interest rate. Another problem with banks is that your banker will be much less likely to negotiate for terms and interest rates because of the loophole. Banks exploit the loopholes in RESPA to make their loans seem more affordable with the fees and closing costs; however, they hit you with undisclosed SRP markup on your interest rate. Your bank will always quote you the highest interest rate they think you will go for.

The bottom line is that your bank will not be less expensive than other options; your bank will always overcharge you for the mortgage loan. You can learn more about finding the best mortgage loan without overpaying by registering for a free mortgage guidebook.

To get your free mortgage guidebook visit using the link below.

Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. For a free copy of "Mortgage Refinancing - What You Need to Know," which teaches strategies to find the best mortgage and save thousands of dollars in the process, visit

Claim your free mortgage refinance information guide today at:

Albuquerque Mortgage

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Albuquerque Mortgage Refinancing – Refinancing to Improve Your Finances

Written by Dian Herdiana on 8:53 AM

If you are considering a new Albuquerque Mortgage loan, there are a number of reasons to refinance regardless of interest rates. Most homeowners refinance their Albuquerque mortgage to qualify for a better interest rate and lower their monthly payment. Other homeowners use their mortgage loans as a vehicle to improve their financial situations. Here are several tips to help you use mortgage refinancing to achieve your financial goals.

The equity you own in your home can be an excellent resource for securing credit. Home equity loans are excellent tools for freeing up cash to consolidate your debts. Mortgage refinancing with cash back is an affordable alternative to other types of home equity lines as you will qualify for a lower interest rate.

Reasons for Mortgage Refinancing

Refinancing is not right for everyone; generally speaking you need to plan on remaining in your home for some time to benefit from mortgage refinancing. By reducing your monthly payment amount you can free up cash in your budget for other reasons. Qualifying for a lower interest rate is not the only way to lower your payment amount. There are many other options including longer term lengths, interest only, and option loans to help you meet your financial goals. In addition to these options for a lower payment you can take cash back at closing to consolidate your debts.

Mortgage Refinancing to Improve Your Financial Situation

If you refinance your Albuquerque mortgage loan to consolidate debts, it is important to understand consolidation does not eliminate debt. Consolidating your credit cards and unsecured debts with your mortgage loan simply moves the debt around to make it easier to manage. If you continue the spending patterns that created your debts you will find yourself sinking further in debt and squandering your home equity.

You can learn more about refinancing your Albuquerque mortgage and avoiding costly mistakes by registering for a free mortgage guidebook.

To get your free mortgage guidebook visit using the link below.

Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. For a free copy of "Mortgage Refinancing - What You Need to Know," which teaches strategies to find the best mortgage and save thousands of dollars in the process, visit

Claim your free mortgage refinance information guide today at:

Albuquerque Mortgage

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Enjoy Financial Freedom With Adverse Credit Secured Loan

Written by Dian Herdiana on 9:29 AM

You are a victim of bad credit history and are facing the problem in applying for a loan. But, if you are homeowner then don’t fear. You can enjoy the financial freedom until adverse credit secured loan is there.

Before going for such kind of loan, one should be cautious of phrases such as “no cost to you”, in the sense that it may not contain any unfavorable condition that can worsen the credit position. The person should go thoroughly through all the terms and conditions of the contract and should ensure that he understand all the fees he is paying.

The person can use adverse credit secured loan for consolidating his debts or buying a car or home or any other purpose or as he wants.

Some people think that there are not many lenders who provide adverse credit secured loan. But now many lenders are available in the market that offer loan at very competitive prices. If the person is finding difficulty in locating such lenders then the research is the best way to locate them. Research is the process through which the person can get the best deal. It can be done by only surfing through internet. This will enable him to get different loan quotes from various lenders which will make the comparison easy. And thus will help him to choose the best lender that suits his needs.

Now the bad credit score doesn’t come into the way of getting a loan once the borrower has decided to keep his property on collateral. The collateral placed gives a sense of security to the lender against any missed repayment. A person can borrow ₤5000 to ₤100000 and it can be repaid back in 5 to 25 years depending upon your amount being borrowed. But one should avoid long period of repayment. It will in turn help in improving your credit score. This will help you in getting the loan on easy terms in the future.

Interest rates charged from the borrower solely depends upon the amount, credit history and the equity of the home being offered. Equity can be defined as the difference between the value of the collateral and the borrowing of the loan seeker on the collateral. The high equity ensures the high amount can be borrowed with lesser rate of interest.

At last the person should evaluate the amount that he can afford and the amount he has to borrow. While taking loan the person should not forget his ability to pay off the loan. Because, if there is any missed payment then the lender can realize his money through your asset and it will also worsen your credit score too.

Peter Taylor is a senior financial analyst at FindSecuredLoan with an acumen for finance and insurance. In recent years he has taken up to provide independant financial advice through his informative articles.His articles are widely read because of the lucid manner of writing and thoroughly researched datas.To find adverse credit secured loan, secured loan UK, personal secured loan UK, bad credit secured loan in uk that best suits your need visit

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How to Achieve Financial Freedom the Latest Ideas

Written by Dian Herdiana on 8:58 AM

Abundance and wealth is what we all are seeking in life. The over all feeling is financial freedom is the gateway to happiness. There are hundreds of the latest ideas on how to achieve financial freedom just check out the search engines. Before you do may I suggest some very important tips to help you with your search? Ideas to create abundance and wealth have been marketed very successfully and they all sound good. It is not always the thing you are looking for nor possible to do. I assure you every idea presented makes it sound like it’s a no brainier just send me your money and I’ll send you your DVD and you will be on your way to Achieve Financial Freedom with this latest idea.

I understand how you feel about finding the right idea that you can do in order to achieve financial freedom. Many people have been displaced from the jobs they have and others lost their jobs because of accidents or serious illness. Then young mothers need a descent income but cannot afford the childcare. The first thing I suggest is for you to start managing your life with the “80/20 rule.” This means that 80% of what you want in life can be achieved by doing only 20% of all the things you could possibly choose to do to get what you want.

The internet is a fast pace ever growing source of finding information, jobs, and many other things. The field of the internet use for employment is growing. You can be sure that the latest ideas to achieve financial freedom are on the net. Before you get busy using the search engines I advise everyone to set in a quiet place with a tablet for listing all the things you feel that you are capable of doing. What do you want to do? What is it you do not want to do? In this manner when you are looking through the search engines you can better determine offerings that you think that you would like to do. Prioritize the list in order of the most important things first and the least important at the end.

I realize that if one is desperately looking for latest ideas to achieve financial freedom because they are presently not working. Sometimes it is a situation of not only wanting financial freedom but an immediate income. This can put one under a great stress. Then I suggest that you do a stress reliever that is simple and quick but will help you in your search. Find a nice comfortable chair set down and relax. Then start with your toes, feet and ankles tighten them up real hard then release. Next work up your body to your legs and thighs tighten up and then relax. The arms and neck the same way. Do not forget to breath. After you have relaxed yourself getting rid of tension then you are ready to begin.

Now that you have a better idea of what you want you can set your goals start working on them and soon they will happen. It will happen if you really want it to. A positive attitude is a real must! The latest ideas on how to achieve financial freedom are closely related to the internet. Today one cannot survive by only selling or producing locally you must go world wide. That is why the World Wide Web is used to reach out and touch everyone.

You can sell vehicles on line along with insurance. You can sell about any product from vitamins to cloths. There many companies who gladly will set up a web site and you operate it collecting from all the sales. People into financing have a large open field on the net. You can invest set up your own service and help others to invest. These are just a few of the latest ideas for you to achieve financial freedom from a home based business. The creative person can sell patterns, kits, and other products with instruction or even the product already made. Writing articles makes a very good home based business. The net is so vastly filling up with new entrepreneurs who need web page designers, blog writers, those who are trying to create e-books all are a new type of home business and one of the more profitable ideas on how to achieve financial freedom.

This article has been supplied courtesy of Bill Darken. Bill often writes and works closely with Small Business Answers who can help with more information on Achieve Financial Freedom the Latest Ideas. This site is dedicated to supplying the latest news and articles on small business to assist people progressing and to help with information and news. You can also look for small business loans information at small business loan. If this previous link is not working you can paste this link into your browser,

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Work At Home Moms - Save Money This Holiday Season

Written by Dian Herdiana on 3:20 AM

As the holidays approach, many work at home moms begin feeling a sense of dread --

* How will we afford gifts?

* Will I start the new year even further in debt?

Saving money is the same as making money, in my opinion. Either way, you'll have more money in your bank account. Here are a few ideas to help you save money this holiday season as well as earn a little extra cash. I hope these help give you some hope heading into the holidays.

Save on Advertising Expenses

Reduce your Advertising Budget. I hear so often from moms who are using paid advertising as their sole method of promoting their online businesses. Advertising is great, but it is just one of the many ways to promote your business. Enhance your exposure with some of the free ways to promote your business, from press releases and articles to more effective networking. Make an effort to stretch beyond your comfort zone to try new ways to draw more traffic to your website.

eBay - List it Now

People are spending money like crazy this time of year. List all your extras on eBay to earn a little extra cash for the holidays. Outgrown clothing, toys that your kids don't play with, movies, books -- all the items currently taking up space in your home could put cash in the bank. Plus, by cleaning out the house, you'll have more room for the new goodies that Santa brings.


Have you tried bartering? You can trade products or services with other work at home moms that you meet. If you have a talent with writing or website design, trade with a mom in Direct Sales for products. It benefits both of you. The mom receives much needed help with aspects of her business that she may not enjoy or care to learn - and gets rid of extra inventory. She may also receive an ongoing customer from the barter, once you fall in love with her products. And, you receive products that you can give to loved ones for the holidays.

You do not need to start the new year further in debt. Plan your business promotions, barter for gifts, and sell your excess stuff. The holidays will be much more enjoyable, knowing that you took efforts to make them affordable.

About the author: Nicole Dean, owner of, invites you to visit to learn how writing articles like this one can be the most cost-effective way to bring traffic and sales to your website.

How to Achieve Anything You Want

Written by Dian Herdiana on 6:07 AM

Why is it that so few people are willing to keep changing and taking action until they get what they want? Why do so many people quit along the way? Worse still, why do some people even procrastinate in initiating action? The reason is that while everybody desires to succeed, only a few are truly COMMITTED to their goals.

For most people, having more money, more freedom, more security and more success is a desire. They think it would really be great to have it. But they can live without it, if they had to. As a result, they never take action as something more important always comes up to fill up their time.

When a goal is nothing more than a feeble desire or a wish, you will find yourself being held back by setbacks, frustration and failures. People whose goals are nothing more than desires will only do whatever is within their comfort zone to achieve it. Beyond that, they will give themselves all kinds of excuses for not doing it. As a result, they will never do whatever it takes to get what they want.

There was once a financial advisor who approached me for advice. He had been in the business for five years and had attended many seminars and read many books on sales and success. Right from the start, he had set goals to achieve the Million Dollar Round Table, which represents the top 6% of advisors in the world. However, he couldn't understand why he never got close to the mark, despite working 'so hard'. He asked me what he needed to do to get there. I sat him down and gave him a whole list of action steps and strategies he had to put in place to increase his sales.

I told him that he needed to make 20 cold calls a day, attend two networking functions a week, invest in impressive looking brochures, spend his nights targeting night shift workers (who are a big untapped segment), spend his weekends presenting seminars and organizing road-shows with side walk surveys. He was also told to upgrade his product knowledge skills every month.

As I went along, I could tell that doing all these things was going to stretch him well beyond his comfort zone. He was not prepared to give up his weekends; he was not prepared to spend some late nights prospecting nor was he willing to invest money in brochures & upgrade his skills.

He started coming out with excuses like 'I don't have the time', 'I don't have the money', 'I don't like reading', 'I've never done it before', 'It's too much work' and so on.

As we parted, I doubted that he would use even one of the techniques I suggested, even though he knew that it was a proven formula with many others I had worked with. This man is typical of those who set goals but are not prepared to do whatever it takes.

Unfortunately, most people are like that; they are not willing to do what it takes to become successful. And because of that they never will be. Success doesn't happen by chance, you must do the necessary before you can enjoy the fruits of your labor.

If you understand this and apply it in your life, you will among the top 5% of people who make success a must and therefor receive in abundance everyday.

Faith, Yes, But in What?

Written by Dian Herdiana on 5:58 AM

by Jeanie Marshall

We all live by faith. The question is, in what?

In most conversations about faith, we generally mean that everything will work out for the good. In a religious setting, it usually means to have faith in God or perhaps faith in the teachings of the religion. With a marriage partner, it generally means to have faith "in the partner's fidelity.

As we give our attention to the various aspects of our life, we have the opportunity to consider in what we put our faith. Here are some aspects of life you might view and consider the following questions.

Health. Do you put your faith in your body's well-being or do you put your faith in drugs or other remedies? Do you have more faith in the body's wisdom or a physician's wisdom?

Economy. Do you put your faith in a higher power to meet your needs or do you put your faith in money? Do you put your faith in financial freedom or do you put your faith in scarcity?

Relationships. Do you put your faith in honesty or do you put your faith in secrecy? Do you put your faith in your own perceptions or do you put your faith in others' perceptions?

Career. Do you put your faith in your own competence or do you put your faith in the opinions of others about your competence? Do you put your faith in today or yesterday or tomorrow?

Yourself. Do you put your faith in what you know about yourself or do you put your faith in what others say about you? Do you put your faith in the inner or the outer?

When people talk about someone losing faith, I do not see it as lost, not even misplaced. I see it as having faith in despair or depression or loneliness or scarcity, rather than faith in hope or joy or life itself.

I do not doubt that people have faith. I feel it is a part of the human condition. My question is, faith in what?

Jeanie Marshall, Empowerment Consultant and Coach with Marshall House, produces Guided Meditations on CD albums and MP3 downloads and writes extensively on subjects related to personal development and empowerment.
Voice of Jeanie Marshall,

Is It Bad To Be Rich?

Written by Dian Herdiana on 7:00 AM

Is it bad that we secretly wish we were wealthy?

Do you often dream about not having to rely on other people for your financial well being?

Yet, as much as we secretly dream of being rich and even the wealthy lifestyle, we are often confused by our motivation for such good fortune.

I'm sure you'll agree, wealth for pure wealth sake can be perceived as greed and that's one of the most negative words of the 20th centuries.

The very thought that greed is behind the motivation to seek your own personal fortune is enough to sabotage any lifeplan you have the potential to put in place toward achieving financial freedom.

In fact, it is just this confusion that limits many from ever achieving true wealth. The impact of not living up to your true potential can be felt across your professional, financial and social life.


There are many reasons people are not able to achieve the true wealth they dream about, but the biggest is self-limiting.

By failing to understand the true reasons behind our desire to become wealthy (both the good and the frivolous), we place powerful, yet invisible limitations on our ability to achieve great things.

No matter where you are in your life, career or business, take 60-minutes and write out all of the things you would do with your money imagining that you already had it.

After you have an exhaustive list we can organize them into a primary (most important) list and secondary (everything else) list and then further expand them to understand the impact on other people's lives than our own.

After completing this exercise, you will have a clearer picture of the overall impact wealth will have on your life and the lives of those around you. You will have been honest with yourself and many of your limiting beliefs will be overcome.


1. Control over your own creativity, energy and life-source. For 99% of us, we end up in careers, relationships, friendships and social situations or groups driven by short-term interests or simply, chance. When you worked your way through various early careers, chances are you took what you could get to earn what was important at the time - enough money to get through school, buy your first car, move out of your parent's home, etc... Lining yourself up with a path that maximizes the synergy with your creative strengths, your passions, your core energy is rarely a priority. Yet, by aligning our life with these factors gives us the best chance of making a difference, achieving great things and being happy.

Oddly enough, when I followed up with several people recently who badly wanted to re-position their lives in pursuit of wealth, the picture they assumed would take them there was a business, career or social situation that had them aligned perfectly with their passions, creative energies and life purpose. Indeed, wealth was simply an end result of working and living more in tune with their passions.

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Plug The Leaks In Your Home Finances!

Written by Dian Herdiana on 1:06 AM

Do you get to the end of every month, despairing over your empty wallet and woeful bank balance? Are you struggling to make mortgage or rent payments, forever scrimping over the groceries, delaying bills and stressing over rising household overheads? There is no doubt that making ends meet is becoming harder and harder with every passing year. Especially if you have a family, the cost of feeding mouths, paying off your mortgage or making rent, as well as covering all other costs of living is an unenviable task.

For most of us, we simply roll haphazardly from one month to the next, just hoping that we will break even.

What many people don’t realize is that most of our financial woes can be helped with fore-planning and good ongoing management. In fact, many successful people treat running a home like running a business. The businesses that thrive and prosper are those that pre-plan, budget and forecast in-goings and outgoings. The businesses that fail are those that do none of these things, but simply roll from one month to another with no pre-planning, record keeping or forethought.

Keeping a track of your home finances is critical to stopping the leaks in your domestic budget. With that in mind, the very first thing you need to do is to make a budget with your partner, listing two distinct areas, “Income” versus “Expenses”. Your budget needs to be realistic, with all sources of income on one side of the ledger, and all outgoings on the other. Outgoings need to include all fixed payments (such as rent or mortgage payments, car repayments and insurance premiums) as well as variable payments (such as groceries, bills and recreation costs).

Another key step is ongoing accounting. By keeping records of what you spend and how will help you track your money and eliminate any needless spending. Too often households have no idea where all the money goes, so by recording spending over a course of at least three months, you will identify the “hemorrhage” and be able to treat them.

Keeping household accounts might seem a chore, but it is ultimately well worth it. Household accounts not only allow you to check where you are spending your hard-earned money, they show you where and how you can trim unnecessary expenditure.

About the Author

Martha Mountjoy writes for a home finance website packed with finance articles and resources.

What Are American Depositary Receipts?

Written by Dian Herdiana on 8:33 AM

The investment known as ADR stands for American Depositary Receipts, which is a tool used to make it easier for investors to invest in foreign markets. Instead of having to find a broker with capabilities in the foreign markets where the securities trade, an investor can just receive ADR’s from a depositary bank that collects the foreign company’s shares.

These ADR’s can be then represent shares in that foreign market. There are many advantages to using ADR’s that we have talked about in class such as the liquidity of these assets. Since the whole process of investing in foreign markets has become easier, the market has become far more liquid. The annual dollar volume of ADR’s has increased from $75 billion dollars in 1990 to $550 billion in 2002. Instead of having to different brokers and red tape to sell foreign investment we can simply trade ADR’s.

As technology advances it has become easier to invest in foreign companies and we can see this through the use of depositary receipts. Not only are depositary receipts issued in America but they are also issued in other countries as well such as Euro DR’s, Singapore DR’s and China DR’s. In the Wall Street Journal on 2/24/06 there is an article, “Bank of Communications Seeks Listing” where we can see that Hong Kong-listed Bank of Communications Co. has gained approval to offer shares on China’s stock exchange and are willing to offer China depositary receipts (CDR’s). By issuing CDR’s, the bank is better able to sell shares to foreign investors.

For more information on American Depositary Receipts, try checking out some of the Wall Street Journal articles in their online database. Just go to their webpage at It is a great resource. I would also try checking out some of the other articles you may find in a google search.

Author Info:

Andrew Leone: Andrew Leone is an active network-marketer training and developing the skills of entrepreneurs all over the net. Find out how to take charge of your own financial freedom by taking his FREE tour. =>

How You Could Take The First Step To Become Financially Free

Written by Dian Herdiana on 6:29 PM

The author explains what “truly wealthy” means. Various possible routes to achieve this through earning passive income are suggested but Internet Business is recommended because it is by far the most exciting, rewarding and the best home based business. Tips are given that are for professional business working from home.

Like the majority, I have been working very hard each day believing that the harder I work, the more money I would get. I would bust my proverbial butt out working year after year slaving away for BOSSES who show little sign of appreciation, to earn a paycheck that could hardly pay my bills.

After some trying and tiring years, I realized to my disappointment that I was not getting anywhere. I tried many other alternatives but none could work to my satisfaction and I began to resign to the fact that I’ve to forget about my DREAMS and continue to live life of the majority i.e. get up in the morning... get into the traffic jam... go to work... come back from work... have dinner... watch TV... go to bed... kind of life!

Still, deep down in my heart, there was a burning urge to continue my search. I attended seminars after seminars to seek out a suitable direction that I can follow.

At long last, in one of these seminars, I chanced upon an interesting finding - most of the very wealthy people do not actually work hard at all! I'm talking about people who live life on their own terms.

They’re people who have all the money they need, yet they seem to have a choice to work when they want to... where they want to... for whom they want to. Best of all, they have all the free time in the world to travel... to spend with their kids... do gardening... lower their golf scores... to learn a new recipe in the kitchen... and to really, really enjoy life.

I also learnt the word, “LEVERAGE” which these multimillionaires used to create wealth by doing the minimum while harvesting the maximum. The true meaning of “wealth” suddenly dawned on me.

“TRUE WEALTH” means the ability to do what you want, however you want it and whenever you want it. This is “FINANCIAL FREEDOM” many of us are and should be yearning for.

Also, the time when you're due to retire has nothing to do with your age. You can retire any time you want once you've achieved financial freedom.

This can happen when you reach the age of 30, 35 or 40, not necessarily 55 or 60 as we're all brought up to believe. There're people who're in their 60's or 70's but could not afford to retire because they need their jobs to continue paying their bills!

I was advised to stop “THINKING JOB". We, for many generations, our parents, their parents and their parents’ parents had been brought up to have only one major objective in life -- JOB. We work hard in schools so that we could get good grades to advance to colleges and universities where we worked even harder so that we could get a good and secured JOB. Once we’ve got the jobs we want we continue to work very hard in order to maintain them and to climb the so-called organizational ladder of success.

As a result, we all have fallen into the trap of the RAT RACE.

Although some of us could be drawing quite a handsome income, we're not truly “wealthy” because we're not free to do what we want and when we want.

I've heard of many sad stories of rich EMPLOYEES not being able to spent badly needed valuable time with members of their families who're sick in hospitals because they could not afford to be away from their place of work for too long as their services are urgently required by their employers.

Doctors could not really relax and enjoy a long vacation for fear of the loss of income or patients while their clinics remain closed.

The bottom line is - we all have our JOBS to look after! We have no time to think of becoming TRULY WEALTHY and FREE.

I therefore suggest that you stop THINKING JOB effective from today. You should now realize that a job would not make you rich. If you have a job, you're being paid a salary for your EFFORT. Is it possible to get paid for putting zero or very little effort ? If your answer is “No”, you're dead wrong! Because you're still thinking job!

What I'm about to propose to you is this - copy what the truly wealthy people are doing (or rather not doing). They earn their income through various LEVERAGE STRATEGIES which allow them to make money while they’re sleeping, meddling with hobbies, or having vacation in far away places such as the beautiful beaches in Hawaii or Malaysia.

The first step we need to take is not to have a job working for others. You should start having your own business and work for yourself. Don’t get me wrong! I’m not suggesting for a moment that you start investing heavily in building a store, shops or even factory, getting employees, build up inventory, getting permits and licenses etc, etc. If you did this, you’d end up putting a lot of EFFORT and still having a “JOB” to look after this TRADITIONAL physical business!

There’re many routes the rich and wealthy are taking but not all of these would be suitable for you. You have to screen them carefully before deciding on the right one to copy.

Here are some of the more popular CONVENTIONAL routes:

This sounds like a good idea. You could tie up with big reputable organizations who could help you set up your business real fast. But you need to invest quite a huge sum of money and eventually you still end up having to look after the business physically. You still have a “JOB”. Is this what you want? No, I don’t think so.

On paper this is a very exciting proposal. Many make their money from the trading. Despite the fact that there’re many tempting and seemingly attractive strategies put forward by hundreds of trading gurus, statistics still show that 90% or more of the traders would end up getting their fingers burnt in the long run. Is this what you want? No, I don’t think so.

You could consider this possibility. Many had tried this and attained success in their lives. We need to invest considerable amount of money at the outset and reap the profit only after 5, 10 or even 20 years. Warren Buffett had the initial capital and enough resources to wait for 10 to 20 years. But can you wait that long? No, I don’t think so. We want more immediate results.

I’m talking about getting a system that allows you to “recruit” thousands if not millions of “salesmen” who are willing to work for you 24 hours a day and 7 days a week. The best part is the fact that they’re willing to do so for nothing!

I’m talking about a system that allows you to switch your business to “Autopilot” mode so that you could continue to earn money whether you’re awake, asleep or holidaying in Bangkok or Penang.

I’m talking about a system which allows you to work from home or some places 10,000 km or more away from home.

I’m talking about a system by which you could make money even if you do not have large capital or any products of your own.

I’m talking about a system that allows people who hate selling to perform excellent sales job to a level which is beyond their WILDEST IMANGINATION.

Yes, I’m talking about Internet-home-based-working-in-pajamas-online business. And I would seriously recommend that you pick the “Affiliate Programs” to start off.

The easiest way to get into business on-line is through affiliate programs which allow you to sign up as an affiliate member. You’re set to go within one to two weeks with your own websites all created for you…very often free of charge! You earn a referral commission from selling the program owners’ products.

These products are usually information products such as electronic books (eBook) and software that can be delivered as a file that is then downloaded directly to your customers' computers.

They could be reproduced, downloaded and sold repeatedly at no cost. There’s no packing, shipping and delivery cost. Owing to this, affiliate program owners usually pay their affiliates high commissions (50% or more).

I look forward to seeing you in the Web. Get ready and start working tonight in your pajamas to take the first step in your exciting journey to becoming TRULY WEALTHY and FINANCIALLY FREE! Woon Sung-Liang(John Woon) is a Rubber and Latex Consultant with about 25 years of experience. Check this fantastic website to find out how he started his online Internet business: Visit his website Get to know him better at his Blog:

Benefits of Cashout Refinance

Written by Dian Herdiana on 10:16 PM

No matter how good our intentions are, with the "Gotta Have It!" society we live in, even the most diligent of us sometimes over-do on debt, especially on credit cards or other non- appreciable debt in the form of installment loans. One popular and beneficial way to wipe the slate clean, or at least get a handle on high debt, is through a "Cash-out Refinance".

If you have Equity in your house (that is if the appraised value is larger than the amount currently owed on your Mortgage Loan), you can access that money and put it to work for you. Instead of continuing to pay on those high interest credit cards and never seeming to make a dent in the balance, the cash out can help you "start fresh", and, depending on your area, your home appreciation could grow faster than your cash out!

Some of the benefits of replacing credit card and revolving debt with mortgage debt are:

· Paying off high interest loans (credit cards) with a much lower interest loan, showing less outstanding loans on your credit and a less number of payments at bill time.

· Lowering your monthly net out-go, freeing up cash for everyday expenses or to ad more to the Principle portion of your Mortgage loan. I've had examples of homeowners restructuring their current home loans to pay off debt, saving $500 or more per month, which was applied back to Principle, carving 5 or more years off the length of the home loan...which leads to the next benefit...

· Term Reduction with a totally new loan, you have the opportunity of re-structuring with a shorter term directly OR indirectly, as shown above, by taking monthly savings of money not now needed on credit cards and applying the money to your loan, shortening your term.

· Payment Deferral when refinancing, you usually end up skipping a payment, sometimes two, in the lender switch. That can add up to a substantial amount that could be reapplied to your home loan or more pressing necessities.

· Raising Credit Scores, Mortgage loans are looked at more favorably than credit cards, especially when your balances on those credit cards exceed 35-50% of the maximum balance allowed. By paying off these loans, credit scores go up naturally when the companies report their information (usually in 3 month intervals).

· Increasing Tax Advantages. Currently you receive no tax benefit for that payment you're paying on those credit cards; but when that same debt is transferred to a mortgage loan, you receive a tax advantage on interest paid on that loan. For example, let's say you're in a 30 % tax bracket. For every $10,000 spent on interest on your home loan in that year, you could receive a $3000 deduction!

These are only few of the benefits to refinancing for debt consolidation.

There are some precautions, though, that MUST be recognized or you'll find yourself even deeper in debt. When strategies of this nature are utilized to "pull out of debt", one must go into such a strategy with just that mindset. If a cash out refinance is handled to clear off credit cards, only to max those cards again, the process can catch up to you. Most lenders view credit reports for just such patterns before approving a loan. Discipline is key. Be careful to follow through on your long-term plan to control your debt so it doesn't control you, and your decision to refinance with cash out can be a smart move.

Two Interesting notes:

· If you pay only the minimum payment stated on your revolving credit card, in the average case, it can take up to 30 years or more to pay off the balance of $5000. Most mortgages are refinanced every 5 years or less on average, due to increased home value, or moving.

· When lowering your monthly out-go, it's interesting to see what % of an increase that affords you with your current income. As little as $400 savings per month that you get to keep can mean a substantial "raise" you can give yourself...and you pay no more taxes on it!

Tamara Schmitt is currently a Loan Officer with 1st United Mortgage. Tamara is also an Business Partner of Get Loans Cheap, an internet business geared solely to educate and aid the consumer in assessing and obtaining the right loan for their specific needs. View the site for more articles on mortgages and refinancing, or other home loan needs.

Main Qualifying Factors for Refinancing

Written by Dian Herdiana on 7:05 PM

There are 3 main qualifying factors used to qualify a borrower for a mortgage loan: EQUITY, INCOME and CREDIT.

Everyone seems to be so concerned with the interest rate on their loan and how to get the lowest one possible. The answer is simple. Interest rate is directly related to ….RISK.
If you want to lower interest rate, eliminate the risk of the loan to the lender. Lenders look at risk based on the same three qualifying factors: Equity, income and credit.

Equity Risk Factors:

* Limited or no equity = High LTV %: the mortgage loan is secured by the equity in the property. If the property has little or no equity, it is a riskier loan for the lender.

* Poor marketability: If you are financing a unique property such as a log cabin or a home bigger or smaller than the homes in the area it affects the marketability of the home. In addition, mobile homes or manufactured homes have marketability issues as well.

* Short residential history: If you have not lived in the property very long, you have very little vested in it. You haven’t paid down the loan much, and now you are trying to finance it again. This could be adding debt on top of debt and is looked at as risky by the lender.

* Lack of comparable sales supporting value: If homes are not selling in the area, it is a risky loan to do. If the borrower defaults on the mortgage loan, the lender may have trouble recouping the costs and investment they made into the loan.

Income Risk Factors:

* Low Income = High DTI%: If the borrower doesn’t make much money or has bills that account for too much of the income that is received, it is a risky loan for the lender. The borrower may have to begin making choices of which bill to pay.

* Difficult to verify: There are many cases where a borrower may make plenty of money, but it is difficult to actually verify the money they bring in. Such is the case with many self-employed borrowers. To take advantage of tax laws, self-employed borrowers write off as much income by way of expenses as they can. This helps them avoid overpaying taxes. It hurts them, however, when trying to qualify for a mortgage loan.

* Short employment history or gaps in employment: The lender wants to know with reasonable surety that the employment the borrower has now while qualifying for the loan will remain in place. Job hoppers or borrowers who show periods of unemployment present more risk to the lender. What if the borrower takes a new job for less money? What if they become unemployed?

* Low disposable income: This ties in to the DTI%. Disposable income is what the borrower has left after all the reported monthly obligations are paid. Remember, this has to cover utilities, automobile, taxes, groceries, etc. None of those expenses are figured into the DTI%. Low disposable income indicates the borrower is probably over-extended and thus presents a riskier lending scenario.

* Unemployed/ laid off borrower: Obviously, if the borrower doesn’t have a job or a way to pay back the loan, it presents a high level of risk for the lender.

Credit Risk Factors:

* Late payments on the current or past mortgage accounts: The mortgage lender is most concerned with how the borrower has paid the mortgage loans in the past. If they have late payments in the past on mortgage accounts, it is a good indication that it may happen again in the future- showing a level of risk to the lender.

* Late payments on other accounts: After the mortgage accounts, lenders look at the other debt obligations to see how the borrower has paid those. Although not often weighted as heavily as the mortgages, late payments on other account still affect the level of risk inherent with issuing a mortgage to that borrower.

* Derogatory Accounts: Derogatory accounts include foreclosures, bankruptcies, charge offs and collections. If the borrower has had these issues in the past, the lender must weigh the level of risk and the probability that it could happen again in the future.

* Low Credit Scores: This is an indicator that the borrower has had some overall credit problems in the past. The lender will only lend certain amounts based on the various credit scores.

* Lack of credit history: Lenders like to see a pattern of good payment history on the credit report. If the borrower has little or no credit, the lender may want the borrower to establish a good payment history on other accounts before taking the risk in issuing a mortgage loan.

* High balances compared to limits: This typically shows that the borrower is over-extended and living on credit. For obvious reasons, this is risky for the lender. Usually, it is only a matter of time before the borrower will start getting behind on those payments, especially if they do not change the lifestyle to live within their means.

Author Info:

Tamara Schmitt is currently a Loan Officer with 1st United Mortgage. Tamara is also the top loan officer at Get Loans Cheap, an internet business geared solely to educate and aid the consumer in assessing and obtaining the right loan for their specific needs, as well as, helping rate mortgage Professionals in all fields. View the site for more articles on mortgages and refinancing, or other home loan needs. You can view Tamara's home page and see her feedback and more articles she has written at Mortgage Information

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