Government Job – Ballinger TX http://ballingertx.org/ Sat, 28 Aug 2021 01:03:03 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://ballingertx.org/wp-content/uploads/2021/06/icon-150x150.png Government Job – Ballinger TX http://ballingertx.org/ 32 32 How to repay $ 100,000 in student loans https://ballingertx.org/how-to-repay-100000-in-student-loans/ https://ballingertx.org/how-to-repay-100000-in-student-loans/#respond Fri, 27 Aug 2021 18:16:35 +0000 https://ballingertx.org/how-to-repay-100000-in-student-loans/ Our goal here at Credible Operations, Inc., NMLS number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are ours. It is possible to pay off student […]]]>

Our goal here at Credible Operations, Inc., NMLS number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are ours.

It is possible to pay off student debt at six figures, but you will need to take a strategic and determined approach. (iStock)

While some college graduates owe only a few thousand dollars in student loans, many borrowers owe much larger balances. Often times, a graduate’s student loan debt falls well into six-figure territory, especially those with a professional degree or an education at a private school.

With a standard 10-year repayment plan, this type of debt can amount to a monthly payment of over $ 1,000, easily affecting your budget and your ability to save for other goals. Also, owing a lot of money can be very stressful.

If you have $ 100,000 in student loan debt, know that you are not alone. There are several options available to you to help you pay off your student loans faster and for less than expected.

Here’s everything you need to know about paying off $ 100,000 in student loans.

Consider a student loan forgiveness if you qualify

If you have federal student loan debt, you may be able to take advantage of a student loan forgiveness program. This could eliminate a significant portion of your student loan debt with no obligation to repay that amount.

The Public Service Loan Forgiveness Program (PSLF) is available to eligible borrowers working in the public service. This includes employees working for federal, state, local, or tribal governments in the United States, or certain nonprofit organizations. Monthly payments are set according to an income-based repayment plan (IDR). If you qualify for the PSLF program, any student loan balances remaining on your direct loans will be forfeited once you have made 120 qualifying monthly payments.

Let’s say you have a principal balance of $ 100,000 at an interest rate of 6%. With a monthly payment of $ 600, it would take you 30 years to pay off your debt. Including interest, your total repayment would be $ 215,838.

But with student loan cancellation, you could be out of debt in a third of the time. If your monthly payment was the same ($ 600), you would only have to contribute $ 72,000 ($ 600 x 120 payments) to your student loan debt before the remaining balance could be written off.

Credible allows you to compare student loan refinance rates from various lenders in minutes.

Consider an income-based refund

Income-based repayment plans, or IDRs, are one of the benefits of most federal student loans. These plans establish a monthly student loan payment based on both your annual income and the size of your household.

These are the four types of IDR plans for federal loans.

  • Pay As You Earn Reimbursement Plan (PAYE Plan)
  • Revised pay-as-you-go compensation plan (repayment plan)
  • Income Based Repayment Plan (IBR Plan)
  • Income-based repayment plan (ICR plan)

These IDR plans generally have a maximum monthly payment of between 10% and 20% of your discretionary income. If your income is low enough, your monthly payment could even be $ 0.

With IDR plans, you make your monthly payments for a set period, usually between 20 and 25 years. Once this period has elapsed, any remaining loan balance will be canceled. While this option is time consuming, it can make your loan payments manageable.

If your loan balance is canceled as part of an IDR plan, it is important to note that you may have to pay income taxes on the loan amount canceled. Be sure to check current IRS regulations (and consider speaking with a financial professional) to see how IDR student loan cancellation could affect your taxes.

Refinance your student loans

A student loan refi may be worth determining if you have private student loans, federal student loans (and are not eligible for a loan forgiveness), or a combination of the two.

When you refinance your student loans, you are actually taking out a new loan to pay off the original debt. This new loan can replace a single existing loan or combine several loans into one easy to manage account. The new loan can also help you lower your interest rate (s), lower your monthly payments, or get out of debt sooner (or all three).

Remember the 6% 30-year, $ 100,000 student loan we talked about above? If you were to refinance the same previously mentioned $ 100,000 student loan balance at 3.5% APR with a term of 20 years, your monthly payment would be $ 580, it would only take 20 years to pay off your loan, and the total amount reimbursed would be $ 139,200.

Not only could you reduce your monthly payments by $ 20, but you would pay off your debt 10 years earlier and save $ 76,800 in interest.

It’s important to note that federal student loans come with certain protections for borrowers, such as income-tested repayment plans, forbearance and deferral options. If you refinance your federal student loan debt into a loan from a private lender, you will lose these benefits and protections.

While this can be an attractive compromise for some borrowers, you may want to consider refinancing your private loans only.

Pay off the loan at the highest interest rate first

The Debt Avalanche Method is a way to reduce interest and pay off your student loan debt sooner.

This method focuses on paying off your highest-interest student loan balance first. You only make the minimum payments on your other loans and use any extra money to pay off your student loan with the highest interest rate. After that loan is paid off, you focus on the next highest interest rate and repeat the cycle until your student loan debt is gone.

This method saves you the most interest in the long run, but you can consider the debt snowball method as an alternative. With the debt snowball method, you pay off your smallest debt first, then move on to the next smallest debt, until you’ve paid off all of your debts.

Add a co-signer

If you are refinancing your student loans, adding a co-signer with good to excellent credit can help you get a lower interest rate. Having a co-signer gives the lender the assurance that someone will repay the loan in the event of default.

Your co-signer can be a parent, grandparent, spouse or sibling, but they don’t have to be a family member. Your co-signer can also be a friend or someone you trust.

Make sure you shop around for the best loan options and terms, with or without a co-signer.

With Credible, you can easily compare the student loan refinance rates of several lenders.

Set up multiple sources of income

In addition to getting the most out of your student loan repayment, you can work to pay off your balances earlier than planned through other means, such as earning more money from other sources of income, which you can direct to your home. student loan debt.

Side activities are a popular option, providing opportunities to earn extra money in your spare time, even outside of your daily career. A side activity might include private lessons, selling homemade products, or driving for a rideshare business. If you have any hobbies or creative skills, you can use them to generate side income as well.

You can also find ways to create passive income at the same time. Instead of working more for extra money, Passive Income Streams allow you to earn extra money without always trading your time for it – they’re more of a “set and (most importantly) forget it” approach.

Passive income opportunities can include things like investing, interest-bearing savings accounts, blogging, and setting up online courses. It takes some effort and time to get them up and running, but once they are established you may be able to make some extra money without active and regular participation.

Whether you choose a side business or a passive income opportunity, you could make hundreds (if not thousands) of extra dollars every month. The extra income could help you increase your budget and pay off your student loan debt faster.

Budget carefully

A healthy budget can make it easier to manage your student loan payments and find extra money you can spend on your debt.

Spend some time analyzing your typical monthly expenses, including recurring bills and discretionary expenses. Are there areas of your budget that you could cut back, like dining out or subscriptions that you don’t really need? If so, reduce or eliminate these expenses to make it easier to pay off your student debt.

Keeping a close eye on your budget can help ensure that you have enough to invest for your loans. You can readjust on a day-to-day basis, if necessary, or as your financial situation changes.

Make additional monthly payments

If you’ve been successful in reducing your budget, earning extra income from a sideline, or both, you can direct the savings to additional payments on your student loans. This will help you get out of debt faster and pay less overall interest.

Let’s say you pay off the balance of a $ 100,000 student loan with an interest rate of 3.5% for a repayment term of 25 years. Your monthly payment would be $ 501. In the end, you would pay $ 150,187 in total (of which $ 50,187 is strictly interest).

But if you were to put even $ 60 more into your payment each month, the results would be amazing. You would pay off your debt in just over 21 years, saving you nearly four years, for a total of $ 141,287. That’s a savings of $ 8,900 in interest alone.

How long does it take to pay off $ 100,000 in student loans?

How long it takes you to pay off $ 100,000 in student debt depends on two personal variables: your current repayment plan and whether or not you are able to spend extra money on your loans each month. The more you are able to contribute to your debt per month, the sooner you will be able to pay off the balance (s) – and the less you will pay in total.

It could take between 15 and 20 years to pay off a student loan balance of $ 100,000, or more if you need lower monthly payments. By refinancing your student loan, investing more money in your monthly payments, or taking advantage of programs like loan forgiveness, you may be able to get rid of your debt in much less time.

If you’re ready to refinance your student loans, Credible lets you compare student loan refinancing rates from various lenders in just a few minutes.

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Sortis Income Fund, LLC Generated a Net Annualized Return of 10.54% * in the Second Quarter of 2021 | State https://ballingertx.org/sortis-income-fund-llc-generated-a-net-annualized-return-of-10-54-in-the-second-quarter-of-2021-state/ https://ballingertx.org/sortis-income-fund-llc-generated-a-net-annualized-return-of-10-54-in-the-second-quarter-of-2021-state/#respond Tue, 24 Aug 2021 22:50:00 +0000 https://ballingertx.org/sortis-income-fund-llc-generated-a-net-annualized-return-of-10-54-in-the-second-quarter-of-2021-state/ PORTLAND, Ore., August 20, 2021 / PRNewswire / – Sortis Holdings, Inc. (SOHI), a Portland, OregonAlternative investment fund manager, announced that Sortis Income Fund, LLC produced a net annualized return of 10.54% * during the second quarter of 2021. The Sortis Income Fund (SIF) is a non-leveraged mortgage fund , which focuses on short-term notes […]]]>

PORTLAND, Ore., August 20, 2021 / PRNewswire / – Sortis Holdings, Inc. (SOHI), a Portland, OregonAlternative investment fund manager, announced that Sortis Income Fund, LLC produced a net annualized return of 10.54% * during the second quarter of 2021. The Sortis Income Fund (SIF) is a non-leveraged mortgage fund , which focuses on short-term notes that are secured by real estate.

“We are delighted with the continued growth of a fully deployed Exit Income Fund, in an environment where our loan pipeline continues to exceed our capital. We pride ourselves on providing a net return of over 10% to our investors, while maintaining a loan portfolio with an average loan to value ratio of 62%. We have always focused on capital protection with a fundamental emphasis on prudent underwriting ”, noted Jef Boulanger, Managing Director of SIF.

“Our strong second quarter performance included the successful resolution of two non-performing loans. Our in-depth experience of troubled assets combined with our cautious approach 1st the position privilege on real estate collateral has enabled each loan to generate a higher return than what was expected at the time of origination. The most recent quarter also benefited from our ability to generate transaction flows across our extensive networks. Five of the six transactions were either direct transactions or recurring borrowers, which allows us to offer better pricing, efficient turnaround times, reduced fees paid to intermediaries, while maintaining above-market returns for our customers. investors ”, declared Sam ross, Managing Director of SIF.

The Sortis Income Fund and its other investment offers are accessible via the main national investment platforms or directly from Sortis Holdings at www.sortis.com/funds.

Recent annualized net returns SIF

  • 10.5% in the second quarter of 2021
  • 10.3% in the first quarter of 2021
  • 9.5% in Q4 2020
  • 10.0% in Q3 2020

Sortis Income Fund is a scalable home loan fund offered by private placement to qualified investors. The fund is managed by Sortis Holdings Inc. The fund has a cautious focus on holding mortgage loans. Sortis, with deep roots in the Northwest, has developed an extensive network over many years in the banking and finance industry and has built a reputation as a high quality private lender capable of executing efficiently.

About Sortis Holdings, Inc.

Sortis Holdings (OTC: SOHI) is a leader in diversified alternative investment strategies focused on real estate, loans, distress and rescue opportunities. The Exit Funds include the Exit Rescue Fund, the Exit Income Fund and the Exit Opportunity Zone Fund. Operating on the principles of customer focus, integrity, hard work and creativity, Sortis Holdings offers its accredited investors diversified and well-managed investment strategies. Learn more at sortis.com.

This press release contains statements that constitute forward-looking statements. Investors are cautioned that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the issuer’s ability to control, and that actual results may differ materially from those. projected in forward-looking statements as the result of various factors. Further information on potential factors that may affect the business and financial results is and will be included in the disclosure documents and filings of Sortis. This announcement does not constitute an offer to sell securities. Any offer will only be made by means of an offering memorandum. This ad is not intended for use in any jurisdiction other than the United States.

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Diana L. Klein – What’s up? Media https://ballingertx.org/diana-l-klein-whats-up-media/ https://ballingertx.org/diana-l-klein-whats-up-media/#respond Mon, 23 Aug 2021 23:03:45 +0000 https://ballingertx.org/diana-l-klein-whats-up-media/ Special advertising section We all know in today’s social media world; buyers don’t need a real estate agent to find them a home. Over 79% of buyers use online resources to find a home and 65% of sellers promote their home online. A buyer or seller needs someone to negotiate the best contract terms that […]]]>

Special advertising section

We all know in today’s social media world; buyers don’t need a real estate agent to find them a home. Over 79% of buyers use online resources to find a home and 65% of sellers promote their home online. A buyer or seller needs someone to negotiate the best contract terms that protect their interests at the best price in one of the most important transactions of their life. As a lawyer, Diana Klein has the expertise and knowledge to provide these services to her real estate clients. Diana also offers additional services at Lawyer’s Realty that no other brokerage firm offers. As a Lawyer’s Realty client, you can request an attorney’s review of closing documents, you can get legal questions answered if they arise during your transaction, and you will have someone with knowledge on your side. legal on the real estate transaction.

Diana has represented homeowners and investors in the purchase, sale or lease of their residential or commercial properties, whether it is a luxury or standard property, an REO, a sale to overdraft or foreclosure. Diana knows what is important to each unique client, is attentive to their needs, aggressively markets her client’s properties, acts as a problem solver, pays attention to details and closes the deal.

Diana and Spencer Bangert, Loan Officer at Fidelity Direct Mortgage, have worked together for many years to get their buyers approved with a pre-approval letter and loan commitment. In this fast-paced market, it’s important to have a local real estate agent and lender working as a team. With nearly 10 years of experience as a loan officer, Spencer can ensure your real estate financing needs are met. Whether it’s buying a new home, investment property, or refinancing an existing mortgage, Spencer and Fidelity Direct Mortgage do it all!

With over 20 years of experience, Diana has the tenacity, integrity and reputation for being honest and professional. She applies these attributes in the operation of her securities firm, Lawyer’s Title & Escrow Services, and her law firm, Klein & Associates. Diana knows the real estate process, has investor contacts for her sellers, has insightful and up-to-date knowledge of the local real estate market. Using Lawyer’s Title & Escrow Services to complete settlement can streamline the buying process for its real estate clients and can still provide estimated closing costs, net proceeds for their sellers and they can even perform 1,031 trades for their investors. . Their fees are reasonable and they can go to the client for payments. Diana practices real estate law and contract negotiations and can even help you start or sell your business and take care of property administration matters at Klein & Associates. Call Diana for all of your real estate and legal needs.


Diana L. Klein, Broker
Lawyer’s Realty, LLC
2450 Riva Road | Annapolis, MD 21401
443-569-4576
inquiry@lawyersrealtymd.com
spencer@fdmhome.com

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Banks opt out of PPP loan forgiveness https://ballingertx.org/banks-opt-out-of-ppp-loan-forgiveness/ https://ballingertx.org/banks-opt-out-of-ppp-loan-forgiveness/#respond Sun, 22 Aug 2021 12:00:00 +0000 https://ballingertx.org/banks-opt-out-of-ppp-loan-forgiveness/ At least three big banks have opted out of a new process to get Paycheck Protection Program loans canceled directly by the Small Business Administration, The Intercept has learned, leaving their small business clients no other recourse if the banks refuse to cancel loans or drag out the process. Bank of America, JPMorgan Chase and […]]]>

At least three big banks have opted out of a new process to get Paycheck Protection Program loans canceled directly by the Small Business Administration, The Intercept has learned, leaving their small business clients no other recourse if the banks refuse to cancel loans or drag out the process.

Bank of America, JPMorgan Chase and PNC have all decided to step down, according to emails shared with The Intercept.

They are major players in the program, which Congress created to provide loans to businesses to spend on payroll and other qualifying expenses to help overcome closures. At the end of May, JPMorgan Chase was the number one PPP lender, followed by Bank of America in second place; PNC is No. 11. In total, lenders representing only half of all outstanding PPP loan cancellation requests have opted, according to the SBA.

PNC recently emailed Jesse Grund, owner of Unconventional Strength personal training studio in Orlando, Florida, saying, “Considering we’ve already built a streamlined end-to-end digital portal and review process. partner for your PPP pardon request; we will refuse to use the SBA Forgiveness Portal.

Grund still did not get his $ 5,000 PPP loan canceled, and instead the PNC told him that his “correct maximum loan amount” was only $ 917, leaving him on the hook for the rest. . “It’s PNC’s fault that I got this money,” he said. “Now you want to come back to me for that. “

At the onset of the pandemic, small business owners were urged to flock to the Paycheck Protection Program. The loans were made with the promise that they would be canceled and essentially turned into grants if used properly.

But many small business owners have struggled to get their loans canceled by the banks that issued them. Banks have been enticed to issue PPP loans because of the fees they have generated, but they do not charge any fees to pass forgiveness, and they have dragged their feet. Of the total PPP loans that have been issued, less than half have been canceled so far.

In response, the Small Business Administration, the government agency responsible for managing the program, announced in late July that it would offer small business owners who took out PPP loans of $ 150,000 or less a way to bypass intransigent banks. and to ask for forgiveness directly from the agency. . Congress had, at one point late last year, considered automatically waiving all loans under $ 150,000, but never acted on.

But there was a fine print in the recent SBA announcement that many may have missed: Banks actually have to go through the direct process for small business owners to access it. And at least three greats refused.

“Forcing lenders to go into the process could have been disruptive,” SBA spokesman Terrence D. Clark said in an email. He noted that lenders continue to participate and the agency is carrying out outreach activities to encourage them to participate. “[W]e talk to lenders every day, ”he said. In a statement, Patrick Kelley, SBA associate administrator for the Office of Capital Access, said, “We encourage all lenders to join this tested portal.”

When asked to explain why the bank decided to ban its customers from the SBA’s direct forgiveness option, a PNC spokesperson pointed to a statement that read: “[L]enders who participate in the SBA Forgiveness Portal are still responsible for reviewing and issuing forgiveness decisions to the SBA. So we would always need to make sure that borrowers meet the loan eligibility and forgiveness requirements, whether or not we choose to use the SBA’s remittance portal.

Chase offered no explanation in his correspondence to his clients. In an email to a small business owner, he simply said, “[W]We continue our simple process and do not participate in the new direct SBA program. In response to a request for comment, a spokesperson for Chase said via email, “Chase customers should submit their pardon requests through our platform,” adding, “We have a simple process that takes less time. of 10 minutes.

For some business owners, being cut off from the SBA direct program could mean they can’t get some or all of their loans canceled at all. Some banks have contacted small business owners in recent months and told them they should not have received the original amount they received – which the banks themselves have approved – and demanded owners that they reimburse the difference. But many told The Intercept that they were using the money correctly and expected their entire loans to be canceled.

This is what happened to Warren Davis, owner of fundraising consultancy Warren Davis Consulting, LLC, who received his loan from Chase and was recently told the bank would not let him beg for forgiveness directly. at the SBA. After the bank initially granted him a PPP loan of $ 6,812, he was later told that he was only entitled to a $ 1,795.53 cashback. Now he has to pay Chase $ 460.01 on the first of every month, with two years to pay off the rest of the loan. “This loan payment is the second highest payment I have now on top of my rent, which is also due on the 1st,” he said in an email. “I tried to get answers from Chase several times without success over the months.”

Responding to situations like Davis’, the spokesperson for Chase said, “Small businesses have to meet the standards in order to qualify for a rebate, whether they go through their lender or directly through the SBA.

When asked why Bank of America has unsubscribed, spokesman Bill Halldin said, “Because our portal is simplified and has been around for six months,” adding that if the bank chooses, “we will have to develop a new interface ”. The bank is considering whether to join the SBA process, but “at this point our streamlined portal is delivering what people want,” he said.

But this portal does not provide what Amy Yassinger needs. Yassinger, owner of a music company that offers party bands for weddings in Illinois, was encouraged by Bank of America to apply for a PPP loan early in the pandemic. The bank helped her with the process, assuring her that her underwriting team “would make sure everything was solid,” she said in an email. She used the $ 38,730 to pay employees as if they were working regularly, despite widespread cancellations, as well as to cover some non-salary expenses.

Still, 11 months after getting her loan, the bank told her it would only submit $ 2,436 to the SBA for a remission. “It was one thing that my life was completely shattered for over a year because my business was forced to cancel or postpone over 60 events in 2020,” she said. “It is quite another to ask Bank of America to recover $ 36,000 out of $ 38,730 over the next 5 years. “

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Arbor Realty (ABR) gains 2.48% to close at $ 17.80 on August 20 https://ballingertx.org/arbor-realty-abr-gains-2-48-to-close-at-17-80-on-august-20/ https://ballingertx.org/arbor-realty-abr-gains-2-48-to-close-at-17-80-on-august-20/#respond Sat, 21 Aug 2021 01:37:00 +0000 https://ballingertx.org/arbor-realty-abr-gains-2-48-to-close-at-17-80-on-august-20/ Last prize $ Last trade Switch $ Percentage of change % Open $ Previous Close $ High $ moo $ 52 weeks high $ 52 weeks low $ Market capitalization P / E ratio Volume To exchange ABR – Market data and news To exchange Today, stock of Arbor Realty Trust Inc. (NYSE: ABR) gained […]]]>

Today, stock of Arbor Realty Trust Inc. (NYSE: ABR) gained $ 0.43, an increase of 2.48%. Arbor Realty opened at $ 17.31 before trading between $ 17.81 and $ 17.16 throughout Friday’s session. The activity saw Arbor Realty’s market capitalization reach $ 2,530,384,650 on 1,400,974 stocks, below their 30-day average of 1,433,326.

About Arbor Realty Trust Inc.

Arbor Realty Trust, Inc. is a nationwide real estate investment trust and direct lender, providing loans and services for multi-family, senior housing, health care and other commercial real estate assets. various. Based in New York City, Arbor manages a multibillion-dollar service portfolio specializing in government-sponsored enterprise products. Arbor is a Fannie Mae DUS® and Freddie Mac OptigoSeller / Servicer lender. Arbor’s product platform also includes CMBS, bridge, mezzanine and senior loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and personalized solutions with unparalleled dedication to providing our clients with excellence throughout the life of a loan. .

Visit the Arbor Realty Trust Inc. profile for more information.

About the New York Stock Exchange

The New York Stock Exchange is the world’s largest stock exchange by market value with more than $ 26 trillion. It’s also the leader in initial public offerings, with $ 82 billion raised in 2020, including six of the seven biggest tech deals. 63% of PSPC proceeds in 2020 were raised on the NYSE, including the six biggest deals.

To get more information about Arbor Realty Trust Inc. and keep up with the latest company updates, you can visit the company profile page here: Arbor Realty Trust Inc.’s Profile. For more information on the financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.

Sources: The chart is provided by TradingView on the basis of prices delayed by 15 minutes. All other data is provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.

DISCLOSURE:
The views and opinions expressed in this article are those of the authors and do not represent the views of equities.com. Readers should not take the author’s statements as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please visit: http://www.equities.com/disclaimer


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Auto loan myths debunked https://ballingertx.org/auto-loan-myths-debunked/ https://ballingertx.org/auto-loan-myths-debunked/#respond Fri, 13 Aug 2021 10:14:03 +0000 https://ballingertx.org/auto-loan-myths-debunked/ Finally become a car owner and drive on singapore roads comes with a unique feeling of freedom and success. However, many people rarely manage to make this dream come true because raising the thousands of dollars needed to buy cars is never easy. The next best alternative, using automobile financing, but it is marred by […]]]>

Finally become a car owner and drive on singapore roads comes with a unique feeling of freedom and success.

However, many people rarely manage to make this dream come true because raising the thousands of dollars needed to buy cars is never easy. The next best alternative, using automobile financing, but it is marred by myriads of myths.

If you don’t have enough money to buy the car on your own, go for auto finance Singapore. In this article, we’ll debunk common myths about car loan in Singapore, and also demonstrate the best method of applying for car financing:

# 1: Your Car Loan Cannot Be Approved With Bad Credit

This is not true. When reviewing auto loan applications, lenders use the credit score of borrowers to determine their creditworthiness. If you have a bad credit score, that doesn’t mean you won’t get auto financing. On the contrary, the loan could be approved, but it will carry a higher interest rate.

So it would be a good idea to start with improve your credit score before applying for auto financing in Singapore. If you get the loan and the score improves dramatically over time, most lenders will allow you to apply. refinancing.

# 2: all auto lenders are the same

This is a mistake. Not all auto finance companies are the same. You might find a dealership with higher car prices, one that deals only with used cars, and one that only works with imported models. Auto lenders can be classified into two broad categories:

  • Car dealer: In this case, you get the loan from a car dealership who takes care of all the paperwork and guarantees the loan from a bank on your behalf.
  • Direct auto bank loans: Instead of going to a third-party dealership to get the car loan, this option is to work directly with the bank. The overall cost of the loan may be lower than that of a reseller because there is no third party.

# 3: a car is very expensive to maintain

Well, that’s a misconception. While it’s true that a car has its own set of expenses, such as insurance, the cost of gasoline, and maintenance, it’s how you see them that determines whether they’re worth it. For example, a person who takes a car loan for a business vehicle will get some income from the vehicle despite the expenses.

To avoid being overwhelmed by the cost of operating a car, it will be a good idea to think about its running costs and make adjustments to your budget. If you plan it right, every moment in the car will be worth celebrating.

Apply for car financing through Lendela

Now that we’ve debunked the myths, it’s time to come down and apply for car financing. The best way to do it is through Lendela, a lender comparison site designed to simplify the loan application process. Here are the main steps to follow when apply for a car loan via Lendela:

  • Visit Lendela’s website to create an account and make a short request.
  • Lendela will send the request to different lenders who will make offers.
  • Review the offers and select the most preferred option.
  • Make an appointment and sign the loan.
  • Go in the car of your dreams. Congratulations!

As you can see, there are many obstacles that can prevent you from getting the car of your dreams. However, now you know the truth and can hit the road to enjoy every moment of your life. Remember to follow the agreed terms and conditions for loan repayment strictly.

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Italian troubled bank casts shadow over Draghi’s summer vacation https://ballingertx.org/italian-troubled-bank-casts-shadow-over-draghis-summer-vacation/ https://ballingertx.org/italian-troubled-bank-casts-shadow-over-draghis-summer-vacation/#respond Fri, 13 Aug 2021 07:00:00 +0000 https://ballingertx.org/italian-troubled-bank-casts-shadow-over-draghis-summer-vacation/ SIENA (Reuters) – When Italian Prime Minister Mario Draghi returns from his brief summer break, one of the thorniest items on his to-do list will finally be to sort out the problems of the world’s oldest bank, Monte dei Paschi di Siena (MPS). General view of a branch of Monte dei Paschi di Siena (MPS), […]]]>

SIENA (Reuters) – When Italian Prime Minister Mario Draghi returns from his brief summer break, one of the thorniest items on his to-do list will finally be to sort out the problems of the world’s oldest bank, Monte dei Paschi di Siena (MPS).

General view of a branch of Monte dei Paschi di Siena (MPS), the oldest bank in the world, which faces massive layoffs as part of a proposed company merger, in Siena, Italy, on August 11, 2021. REUTERS / Jennifer Lorenzini

The decline of the Tuscan lender has tarnished Draghi’s record since 2008, when, as head of the Bank of Italy, he approved the purchase of rival Antonveneta at an inflated price which analysts say helped its financial collapse.

Thirteen years of scandals, crisis management and state aid to keep MPS afloat have made the country’s fourth lender Rome’s No.1 banking puzzle, with a failure that risks endangering the financial stability of Italy.

The sale of the bank would complete a restructuring of the country’s banking sector which has lost € 250 billion in bad loans over the past five years, as lenders brace for another wave of bankruptcies due to the COVID crisis -19.

The government believed it had found a solution this summer by negotiating a merger with Italy’s top counterpart UniCredit, only to prevent political backlash.

Parties from all sides of Draghi’s National Unity Coalition are protesting against job losses following the planned merger with Milan-based UniCredit.

“The territorial roots of MPS, its workers and its brand must be preserved,” Antonio Misiani, economic chief of the center-left Democratic Party (PD), told Reuters as the battle lines are drawn before what promises to be complex talks.

Politics and MPS have long been linked.

Siena, like the rest of central Tuscany, is a traditional stronghold of the PD, which has often been criticized for contributing to the bank’s unrest by using it as a source of favoritism, jobs and votes.

Right-wing League leader Matteo Salvini, keen to make political capital before a crucial by-election in the city in the fall, calls the MPS a “PD disaster” and opposes the rapprochement.

He would like the State to help MPS to join forces with other medium-sized lenders to counterbalance, with a strong local presence, the “big players” UniCredit and Intesa Sanpaolo.

The PD presented no alternative to the UniCredit merger.

It’s hard to overstate the role MPS played in the history of Siena, where it was founded in 1472 to help the needy with cheap loans. He has long been the town’s largest employer and the locals who traditionally called him “Daddy Monte” watched in horror as he disappeared.

The processions of the annual medieval spectacle of Siena have always made three stops to bow to the institutions of the city: at the town hall, at the archbishopric and at the headquarters of the MPS.

“The people of Siena fell into three broad categories,” Mayor Luigi De Mossi told Reuters. “Those who worked at MPS, those who wanted to work at MPS and those who worked at MPS. “

STATE RESCUE

As Italy went through three deep recessions since 2008, the bank lost 31 billion euros ($ 36 billion) on its loan portfolio for a cumulative net loss of 21 billion euros. A state bailout in 2017 cost taxpayers € 5.4 billion.

A solution will not be cheap.

UniCredit does not want branches of MPS in poor southern Italy and has only agreed to consider purchasing “selected parts” from the smaller partner on the condition that its capital reserves are not affected and its earnings per share increases by at least 10%.

In addition, the State, which owns 64% of MPS, will retain all the legal risks associated with its mismanagement and any loans already in difficulty or that UniCredit considers likely to turn sour.

What UniCredit CEO Andrea Orcel – who as Merrill Lynch’s banker in 2007 advised MPS on the Antonveneta deal – describes as the best M&A option on the table, involves cuts to State-funded jobs that sources say could reach a third of MPS’s 21,000 employees.

Andrea Granai, head of a trade union section in Siena, says his four phones ring “from morning to night” with calls from fearful MPS workers. “The more job losses there are, the worse the consequences will be for the government and all the parties that support it,” he warned.

So how will Draghi square the circle? So far, he has tried to keep a safe distance by claiming that he is not personally following the case and by diverting questions from reporters to the Treasury.

This can be increasingly difficult as MPS issues rise to the top of its government’s agenda and make headlines across the country.

The UniCredit deal could cost Italian taxpayers more than € 5 billion in state support for layoffs, tax incentives and a commitment to strengthen the capital of the merged bank, while MPS’s future fuels the tensions within Draghi’s ruling majority.

AFFAIR ALMOST OVER?

The Italian Treasury sees a merger with a healthier counterpart as the only way to prevent the MPS from becoming a permanent drain on state finances and two people close to the negotiation said a final deal was not just a matter of technical details.

The due diligence phase officially runs until early September, but at least two or three more weeks may be needed, a third source said, with a fourth person adding that a deal is unlikely until October.

Politicians, however, demand to know from Draghi the exact price of the merger.

The fact that PD leader Enrico Letta, who does not have a seat in parliament, chose the next by-election in Siena to try to get one, raises the political stakes even more. He says he will quit his post as party leader if he loses.

The seat, which will be contested on October 3-4, was left empty when former economy minister Pier Carlo Padoan, also of the PD, was appointed president of UniCredit in April.

Salvini’s League and its right-wing ally the Brothers of Italy sense the chance to deliver a fatal blow to the left.

Their common candidate against Letta is a local wine producer, Tommaso Marzi, who owns 220 hectares of vineyards in the Sienese countryside and describes the PD leader as a foreigner only interested in the politics of national power.

In the sunny streets of Siena, semi-deserted during the August holidays, locals ignore by-elections and say all they care about is saving jobs.

“It is clear that the bank cannot stand on its own,” said the mayor of Siena. “But a solution must protect workers and suppliers. Politics took a lot of MPS and Siena, now it’s time for us to get something back.

($ 1 = 0.8527 euros)

Additional reporting by Giuseppe Fonte; Writing by Gavin Jones and Valentina Za; Editing by Elaine Hardcastle

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Secured Bad Credit Loans UK Introducing Best No-Fee Primary Home Finance https://ballingertx.org/secured-bad-credit-loans-uk-introducing-best-no-fee-primary-home-finance/ https://ballingertx.org/secured-bad-credit-loans-uk-introducing-best-no-fee-primary-home-finance/#respond Fri, 13 Aug 2021 05:15:50 +0000 https://ballingertx.org/secured-bad-credit-loans-uk-introducing-best-no-fee-primary-home-finance/ Frequent Finance (+ 44-20-8788-7598) has launched several financing options for homeowners in the UK, offering individuals secured loans using their primary residence as collateral. London, UK – August 12, 2021 / PressCable / – With the launch of new low cost mortgage options, Frequent Finance is able to offer loans with no loan fees and […]]]>

Frequent Finance (+ 44-20-8788-7598) has launched several financing options for homeowners in the UK, offering individuals secured loans using their primary residence as collateral.

With the launch of new low cost mortgage options, Frequent Finance is able to offer loans with no loan fees and greater payment flexibility than is generally available in the UK mortgage industry.

More information is available at https://www.frequentfinance.co.uk/secured-loans-primary-residence

Frequent Finance offers borrowers over 600 plans from reputable national lenders and newer lenders not found on popular mortgage comparison sites. With the current state of the economy, rising house prices and the growth of the real estate industry, secured mortgages on primary residences offer homeowners a secure and stable financing option for home ownership.

Industry reports indicate that borrowers considering second mortgages or other forms of financing are discouraged from resorting to these sources due to the cost of the transaction and age restrictions for products such as loans. releases of shares.

Frequent Finance’s new secured loans have terms of 1 to 25 years with initial rates ranging from 2.1% to 3.4%. Borrowers can be approved for a loan to value ratio of up to 95%.

Frequent Finance provides advisory services to clients on direct home finance options from all major lenders. Customers also receive advice on when to apply for a mortgage and an overview of loan types and rates. The company does not charge any brokerage fees for its services. Customers may however be charged an appraisal fee of £ 295 depending on the type of property.

The Putney-based mortgage lender provides access to mortgages regardless of the applicant’s credit status. Interested parties can find more information at https://www.frequentfinance.co.uk/secured-loans-bad-credit-primary-residence

A spokesperson said, “If you end up with bad credit, getting a loan will be more difficult, but not impossible. Frequent Finance can help. We are specialists who have relationships with lenders who have a more open view of people with bad credit. With over 600 packages available, we offer more options than comparison sites. We can assure you of the most useful and efficient service that will help you get instant decision with some lenders.

Interested parties can find more information about this service here: https://www.frequentfinance.co.uk/under-55

Contact information:
Name: Tony Franks
Email: send an email
Organization: Frequent finances
Address: 329 Putney Bridge Road Putney, London, England SW15 2PG, United Kingdom
Phone: + 44-20-8788-7598
Website: https://www.frequentfinance.co.uk/

Source: PressCable

Version number: 89041115

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Here’s how to strategically borrow student loans https://ballingertx.org/heres-how-to-strategically-borrow-student-loans/ https://ballingertx.org/heres-how-to-strategically-borrow-student-loans/#respond Thu, 12 Aug 2021 22:14:43 +0000 https://ballingertx.org/heres-how-to-strategically-borrow-student-loans/ item Booming students are getting ready to enter college this fall, which means it’s time to start thinking about borrowing student loans. Compare your options in this analysis. (iStock) Many young Americans go to college and while it is an exciting time for students and their families, it can be easy to lose sight of […]]]>

Booming students are getting ready to enter college this fall, which means it’s time to start thinking about borrowing student loans. Compare your options in this analysis. (iStock)

Many young Americans go to college and while it is an exciting time for students and their families, it can be easy to lose sight of the big picture.

A college degree can be very expensive, leaving many graduates struggling with student loan debt. Outstanding Student Loans Reach $ 1.7 Trillion in Q1 2021, according to the Federal Reserve. And the tuition fees alone increased by 33% since 2000, and that doesn’t even take into account the higher cost of shelter, food and other necessities.

It’s important to make a plan for how to strategically borrow student loans, before you step foot in a classroom. After applying for the scholarship and completing the Free Application for Federal Student Aid (FAFSA), student loans can help cover the initial costs of a college education.

The main types of student loans are federal and private. Federal student loans are usually a good place to start paying for college education, but they may not cover the full cost of a college education. Private student loans can help close the funding gap, and they usually come with competitive interest rates.

Read on to learn how to use both types of loans to pay for your education. If you decide to borrow private student loans to cover tuition, be sure to get offers from several private lenders on Credible to compare reimbursement options.

BIDEN ADMINISTRATION CANCEL $ 1.5B STUDENT LOAN DEBT TO DATE: WHO COULD BENEFIT SOON

Borrow What You Can With Federal Student Loans

Federal student loans are backed by the Department of Education (ED), and they come with some federal protections such as economic hardship forbearance and income-based repayment plans that make them a good first choice if you need to borrow money. money to pay for your education.

Here are the main types of federal loans to consider:

  1. Direct subsidized loans. These are granted on the basis of financial need. ED pays interest while you are in school, for the first six months after leaving school, and during deferment periods. No credit check is required.
  2. Direct unsubsidized loans. Those are accessible to all university students, whatever their needs. You are responsible for paying interest during the term of the loan. No credit check is required.
  3. PLUS direct loans. Those are federal unsubsidized loans for graduate or professional students. There are also Parent PLUS loans, which can be taken out by parents of students. A credit check is required to determine its eligibility.

Federal student loans have fixed interest rates, which means they will stay the same for the life of your loan. You will also need to factor in federal student loan fees, such as loan origination fees. For loans disbursed between July 1, 2021 and July 2022, the interest rates are as follows:

  • Direct Subsidized and Direct Unsubsidized Loans: 3.73% for undergraduates.
  • Direct unsubsidized loans: 5.28% for graduate and professional students.
  • Direct PLUS Loans: 6.28% for parents, or professional and graduate students.

In contrast, the interest rates on private student loans can be fixed or variable. Variable interest rates can change over time, but they are often lower than what you might be entitled to with fixed rates. You can compare the private student loan rates from real lenders in the table below and on Credible’s online loan market.

98% OF REJECTED PUBLIC SERVICE LOAN REPAYMENT (PSLF) REQUESTS: WHAT TO DO WITH YOUR UNIVERSITY DEBT

How to cover the difference with private student loans

With both subsidized and unsubsidized direct federal student loans, your school’s financial aid office will determine how much money you can borrow based on the cost of tuition. Often, this amount is not enough to cover the full cost of the university, such as accommodation, food and other costs related to education. It’s there that Direct PLUS loans and private student loans get in the game.

Since these are federal loans, Direct PLUS loans may come with more federal protections, such as a income-based repayment plan (ICR). However, this type of federal loan has its drawbacks. Direct PLUS loans are only available to parents of students and graduate or professional students, and they carry the highest interest rate of any federal student loan at 6.28%.

Private student loan rates can be fixed or variable rates, starting at around 1% APR for variable rate loans. Here are the average private student loan interest rates that credible borrowers have received during the week of July 13, 2021:

  • 10-year fixed rate private student loans: 5.55%
  • 5-year variable rate private student loans: 3.05%

Unlike federal student loan rates, interest rates on private student loans can vary based on creditworthiness, loan size, and loan term. This means that you can look for the lowest possible interest rate on a private student loan, and even call on a co-signer to see if you can get a lower interest rate.

You can compare interest rates on private student loans from multiple lenders at once without affecting your credit score in Credible’s online loan market. And once you have a good idea of ​​the estimated interest rate on your student loan from a private lender, you can estimate your monthly loan payments using a student loan calculator.

PRIVATE STUDENT LOANS CAN NOW BE CANCELED IN THE EVENT OF BANKRUPTCY, BUT CONSIDER ALTERNATIVES FIRST

Have a finance-related question, but don’t know who to ask? Email the Credible Money Expert at moneyexpert@credible.com and your question could be answered by Credible in our Money Expert column.

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UP government failed to notify ‘special exam’ for 10th and 12th grade students seeking government jobs https://ballingertx.org/up-government-failed-to-notify-special-exam-for-10th-and-12th-grade-students-seeking-government-jobs/ https://ballingertx.org/up-government-failed-to-notify-special-exam-for-10th-and-12th-grade-students-seeking-government-jobs/#respond Thu, 12 Aug 2021 09:57:23 +0000 https://ballingertx.org/up-government-failed-to-notify-special-exam-for-10th-and-12th-grade-students-seeking-government-jobs/ An article with the screenshot of a News18 report is widely shared on social media claiming that Yogi Adithyanath’s government in Uttar Pradesh will hold special examinations for 10e and 12e students in the class. The post even claims through the screenshot that the students who were promoted in 10e and 12e must pass a […]]]>

An article with the screenshot of a News18 report is widely shared on social media claiming that Yogi Adithyanath’s government in Uttar Pradesh will hold special examinations for 10e and 12e students in the class. The post even claims through the screenshot that the students who were promoted in 10e and 12e must pass a special examination if one aspires to a job in the public service. Let’s check the claim made in the mail.

Claim: The UP government has notified a “special examination” for 10e and 12e students in the class aspiring to government jobs.

Do: The UP government had not notified a “special examination” for 10e and 12e students in the class aspiring to government jobs. A notification was issued by the government of Assam that no student would be able to apply for a position in the state government if they did not apply for the “special examination”. However, it was decided on July 08, 2021 that this “special examination” would be abolished, after opposition from various student organizations. Therefore, the claim made by post is FALSE.

We searched for news articles on the claim made in the post and found the original News18 report published on July 7, 2021. The article talks about a notification issued by the Assam government and not the UP government.

Due to the second wave of the COVID-19 pandemic, state governments across the country canceled the board exams for students in grades 10 and 12. Thus, a notification was issued by the government of ‘Assam notifying a special examination. According to the notification issued by the government of Assam, no student could apply for a post in the state government if they did not apply for this special examination.

However, this idea of ​​a special exam has been contested by various student organizations. Subsequently, Chief Minister of Assam Himanta Biswa Sarma held a meeting with representatives of AASU (All Assam Students ‘Union), ABSU (All Bodo Students’ Union) and AJYCP (Asom Jatiyatabadi Yuba Chatra Parishad) to discuss the alternative assessment method needed. by canceling the 10e and 12e exams. Therefore it was decided on 08 July 2021 that this “special examination” (alternative evaluation formula according to article 5 of the government notification) would be deleted.

There is no report on the UP government notifying a “special examination” for 10e and 12e students in the class aspiring to government jobs.

In short, the UP government did not notify a “special examination” for 10e and 12e students in the class aspiring to government jobs.

factually

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