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Bad Debt Loans -A Four-Step Programme to Eliminate Debts.
Mr. Henderson would often think of times when he had a good
credit history and there would be a long line of loan providers
desirous of offering debt consolidation loans. Things took a
sharp turn after he underwent a few defaults and CCJs. This...
Credit Repair Collection Agency
Credit repair and collection agencies go hand in hand since one
is out to get the other. In other words, we sometimes run from
our debts taking advantage of a kind gesture. Collection
agencies are not as kind as the lenders so therefore...
et Your Credit Score To Soar In The Twinkling of An Eye.
Ever wonder how a creditor decides whether to grant you credit? For years, creditors have been using credit scoring systems to determine if you'd be a good risk for credit cards and auto loans. More recently, credit scoring has been used to help...
Need help getting out of debt?
Nowadays it seems that getting into debt is much easier than
getting out of debt. With todays numerous schemes and facilities
no one wants to wait until they have saved enough money to buy
anything they wish. If you are one such person who find...
What You Must Know Before Attepting Debt Negotiation
Debt negotiation should be viewed as a last-resort measure
before filing bankruptcy. A lender has little motivation to
accept a pay off for less than the full amount unless the debtor
is already months behind on bills. Debt negotiation,...
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When is the best time to lock in interest rates?
I always advise my clients to lock in their interest rate at the
earliest opportunity. Gambling with a client's interest rate is
never advisable. In my business, I have a standardized system in
place that we adhere to for all of our clientele.
A mortgage loan cannot be closed without locking in a rate, and
there are three main elements to take into consideration:
* Interest Rate * Points * Length of the lock
Locking in on a rate does not obligate the client to commit to
the loan until the loan is actually closed. The lock simply
eliminates any risk of the borrower being exposed to market
volatility. It provides the security of having time to complete
the mortgage and Real Estate transactions with some sense of
order. The lender must disburse funds to complete the
transaction within the rate-lock period, or else the original
commitment to provide a loan at a certain interest rate will
expire.
When a lender permits an extended lock-in period, the borrower
will usually see either a higher interest rate or more points
associated with the loan. The lender does this to minimize their
own exposure to market volatility; hence the borrower pays for
the lender to take on this risk.
For example, a 30-day rate lock commitment may cost the consumer
one-half point, while a 60-day rate lock commitment could cost 1
full point. If the borrower needed an extended lock period, but
did not want to pay points, the lender could make up the
difference in the interest rate. In this case, typically, a
60-day lock would have a higher interest rate than a 30-day
lock.
In my business,
our standard procedure is to lock in a rate as
quickly as possible once we have received the loan application.
My team and I let our clients know that while interest rates
fluctuate daily, most lenders do not want to lose any business.
We know that in many cases, if there is a significant rally in
the market that causes interest rates to drop .25% or more, we
can ask the lender to renegotiate the rate. or understand that
we will take the loan to another lender. Often the lender allows
for a renegotiation of the rate to avoid losing the loan to
another lender.
If we allow our clients to sit on the fence and not lock in a
rate quickly, we would leave them exposed to market volatility.
Then, if rates do increase, the borrower may be unable to
qualify for the loan they want, which is a situation we try to
avoid at all costs.
By knowing our clients' needs and working intimately with them
to make the right decisions, my team and I are proud to say that
we have many clients who are raving fans.
Professional Strategies to make Realtors more successful.
Publisher's Directions: This article may be freely distributed
so long as the copyright, author's information, disclaimer, and
an active link (where possible) are included. The author will
not be held responsible for any claim, loss, damage or
inconvenience caused as a result of any information within these
pages or any information accessed through this site.
About the author:
Steve Hoogenakker ATM Mortgage - MrHomeLoan Phone: 763-213-2410
Fax: 763-546-1812 steve@MrHomeLoan.com http://www.MrHomeLoan.com
LoanToolbox www.loantoolbox.com
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| Negotiation - Wikipedia, the free encyclopedia |
| The first step in negotiation is to determine whether the situation is in fact a negotiation ... The book's approach, referred to as Principled Negotiation, ... |
| en.wikipedia.org |
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| Please visit the Harvard Negotiation Project website for complete information and ... The Harvard Negotiation Project's mission is to improve the theory, ... |
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| The Negotiation Skills Company, Inc. |
| www.negotiationskills.com/ - 3k - Cached - Similar pages |
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| Global Trade Negotiations Home Page |
| The Global Trade Negotiations Home Page at the Center for International Development at Harvard University - a centralized information resource on global ... |
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| Principled Negotiation |
| Principled negotiation is the name given to the interest-based approach to negotiation set out in the best-known conflict resolution book, Getting to Yes, ... |
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| Salary Negotiation and Job Offer Tutorial |
| Job-seekers: Learn the basics (and advanced techniques) of the art and strategy of salary negotiation (getting the salary you want) in this tutorial. |
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| Salary Negotiation and Job Offer Tutorial -- Map of the Tutorial |
| Site map to an expert (and free) tutorial on the art and strategy of salary and job offer negotiation. A guide to assist every job-seeker with salaries. |
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| Win-Win Negotiation - How to reach a fair compromise - Negotiating ... |
| This article and free worksheet help you negotiate fair compromises with people whose goodwill you need. It highlights the importance of good negotiation ... |
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| negotiation journal |
| www.springerlink.com/link.asp?id=102591 - Similar pages |
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| Apache Content Negotiation |
| Apache's support for content negotiation has been updated to meet the ... Apache 1.2 supports 'server driven' content negotiation, as defined in the ... |
| httpd.apache.org |
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| JobStar--Salary Negotiation Strategies |
| JobStar is a public library sponsored guide to information for the job search. Sections useful for California are: 1500 job hotlines, calendar of job and ... |
| jobstar.org |
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| Eric C. Gould's Negotiation Site |
| Subscribe to newsletter with negotiating tips and techniques. |
| www.batna.com |
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| free negotiation training for sales, debt, contract, salary ... |
| Free negotiation skills training for sales, contracts, debt, salary and contracts, negotiating with creditors, negotiation skills and techniques, ... |
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| Monster.com: The Negotiation Coach |
| Salary Negotiation Advice from HR Managers · Negotiating Your Future Salary Today · Overlooking Their Interests -- A Big Mistake in Salary Negotiations ... |
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| Negotiation Articles |
| Negotiation articles for the busy entrepreneur written by a diverse group of experts, speakers, professionals, consultants, and marketing companies. |
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| CareerJournal | Negotiating Tips - Salary Negotiation Tips ... |
| Salary Negotiation Tips - When it's time to negotiate salary changes, trust Career Journal to give you the best and most current career salary information. |
| www.careerjournal.com |
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| PON Clearinghouse |
| Welcome to the Program on Negotiation Clearinghouse, a resource center for people interested in learning and teaching about negotiation and alternative ... |
| www.pon.org |
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| :: Negotiations Affairs Department :: |
| Information on the issues, history, developments and positions regarding Palestinian-Israeli peace negotiations. |
| www.nad-plo.org |
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