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Adverse credit homeowner loans - braving the difficult winds of adverse credit.
When my wife was enquiring me about the progress of the
homeowner loan that we were planning to take, my six year old
said something that put me to deep thought. The subject was the
constant refusals by a large number of loan providers because...
Debt Consolidation Loans - Defining the Pros and Cons of the Method.
Debt consolidation agencies allege that debt consolidation loans can help create savings for its customers by reducing the amount to be paid for debts. The manner in which this will be realised is not immediately comprehensible to most people. Why...
How Credit Repair Works
With personal debt at an all-time high, a number of individuals
have found that they have overextended themselves and have
become immersed in debt. As their debt grows, they can't help
but get more and more behind... and their credit score pays...
What can debt reduction companies do for you?
Getting help from debt reduction companies is one of the best
ways if you cannot handle your debts. But there are several
peoples who don't know what can debt reduction companies do for
you? Debt reduction companies are proven authorities in...
When Debt Collectors Cross the Line - Bogus Threats & Illegal Collection Tactics
If you are behind on your bills and on the receiving end of
collection phone calls, you will probably hear collectors make
some very threatening statements. While most debt collection
professionals try to stay within the boundaries defined by...
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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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Negotiation Seminars Negotiation Training Negotiations Consultants ... |
Negotiation and alternative dispute resolution seminars, negotiation training and video presentations with available keynote speakers. |
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Program on Negotiation at Harvard Law School |
Negotiation training, research, and publications from the world's foremost authority on negotiation and dispute resolution. |
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PON: Harvard Negotiations Project |
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 ... |
www.cid.harvard.edu |
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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, ... |
www.colorado.edu |
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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. |
www.quintcareers.com |
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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. |
www.quintcareers.com |
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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 ... |
www.mindtools.com |
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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, ... |
www.businessballs.com |
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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 ... |
midcareer.monster.com |
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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. |
www.pertinent.com |
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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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