I don't understand why i have to die - blind senior begging to be saved from deadly shelter

What Is Mortgage Financing?

The finance methods of buying and selling and commodity have become very much advanced and there are very few people who actually understand it. There are certain terms and conditions that a customer has to fulfill while purchasing a house or some big commodity. Some people who cannot afford money for buying a house or car usually take a loan from their respective bank which applies many terms and conditions and several other policies. To get a loan from a bank sounds an easy process but it is actually not.

There are some people who have no knowledge about financing these things and they get confuse when they are actually in the bank and signing the policy form for getting the loan. As processes have become advanced, it is advisable for the people to have some information about financing of the loans before going to the bank for applying for the loan. As banks have to make their own profit as well, they sometimes do not tell you the accrual detail and charge you higher amount of the money for all the financing. They never tell you the hidden fees or the hidden cost that you will have to pay as well. This article will throw some light on the mortgage financing that how it is used and what you can expect from this type of financing before applying for the loan.

Mortgage financing is basically a method of getting a loan from the bank on certain terms and conditions. What happens in the mortgage financing is that the person has to pay some amount of money for a specific period of time and when the deal is matured and the person is done with all the payments, the property becomes yours.

At this point, the ownership of the property is transferred to the person as he has made all the required payments to the bank. There are many types of mortgage financing and when a person goes to the bank for applying for the loan, it is important for him to get to know about all these types of mortgages financing so that it becomes easier for the customer to decide that what type he should adapt.

The type varies from case to case and the amount of interest rate applied on each type. When you are in the bank for the process, it important that you know all the differences between all the types of mortgages as there are minute differences. You should know that what type applies to your case.

This will save your time and will let you your process done quickly. There are some companies who initially offer only two types of loans so that it becomes easier for the customers to choose between the two. More are the options, difficult it will become for the customers to decide especially when the customer is not fully aware of the types.

Two types that the companies offer are the fixed rate mortgages and the adjustable rate mortgages. What happens in the fixed rate mortgage is that the amount of all the payments is fixed and there is no fluctuation in the interest rate. It can be beneficial for the people as they will not have to face sudden changes in the payment which actually become a problem for some people who have limited budgets and cannot spend extra.

In the adjustable mortgage rate, the interest rate is adjusted according to the market trend and customers have to face sudden changes in the payments. But this type also has some advantages and disadvantages as well. So it is advisable to have a sound knowledge about all these types in order to avoid any monetary incident.

In some instances, the borrowers pay the loan amount before the maturity period. This causes the lender a substantial loss of interest. So to make up for the interest they are losing out on, the loaner charges a penalty that is usually based on a percentage of the remaining loan balance or the interest charged for a fixed number of months. This amount is known as Prepayment Penalty, and is something you, as a loanee would definitely want to reduce. Here are some tricks to help you with reducing your Prepayment Penalty.

Trick 1: Iron Out The Contractual Details

One of the surest ways to ensure that your prepayment penalty is at the lowest level possible, is by drafting an iron clad contract that clearly defines all the rules, regulations, and course of action to be taken in case of particular scenarios. This will give you a firm legal footing, in case the loaner demands more penalty than what is stated in the contract.

Trick 2: Evaluate The Financial Aspect

Sometimes, the settlement of prepayment penalty can be a blessing in disguise as it helps retain all the money you would have otherwise lost due to interest payments. All you have to do is figure out the finances involved in the transaction, and make sure that the penalty amount is considerably less than the interest you would have originally paid.

Trick 3: Talk To The Right People

Neverending conversations with your local bank's loan officer won't make much of a difference in your attempts to reduce the prepayment penalty. You need to involve the branch manager, and make a case as to why reducing the penalty amount would be for the best.

Trick 4: Be Polite And Go Far

Don't be aggressive or demanding when you're asking for a reduction in your prepayment penalty. Approach this matter with a cool, calm, and composed mind. Be mature and polite in how you handle this request, because more often than not, it is the rude tone and unfriendly expression that will prevent people from reducing the prepayment penalty.

Trick 5: Get Everything In Writing

What good is a deal if you don't have a written confirmation to back you up? It is always advised to document every agreement you enter into, particularly those involving major financial transactions. There is always a possibility that you will not be able to control a situation. In such instances, it is useful to have a binding document to aid you.

Prepayment penalty is becoming a nuisance for loanees everywhere. By following the above tips, there is a sure chance you can evade high property prepayment fees.


A magnificent beauty with a tomboys heart who lives her life in the moment. She plays rough and tough but she can also hug and kiss. In general, our HEIDI ertie is a boisterous girl who needs to be taught that she can not have it all her way. Everything else look to be ok for this gal.....except she is blind.

This pretty lady s about 9 years old and she had no tag or chip. She can't see and she is so confused and upset, she needs help fast. Please SHARE for her life, she's SO sweet and a FOSTER or ADOPTER would save her, the Shelter is FULL!. Thanks!

My name is HEIDI and I'm an approximately 9 year old female Cocker Spaniel. I am not yet spayed. I have been at the Carson Animal Care Center since 3/1. I will be available on 3/5. You can visit me at my temporary home at C405.

🔹 Cocker Spaniel 🔹 AGE:9 years
🔹 Female 🔹 ARRIVED:3/1

We are NOT the City Shelter to where pictures were taken. FOR MORE INFO ON THIS PET please contact:
Carson Shelter at 310-523-9566
216 W Victoria St. Gardena, CA 90248
Ask for information about animal ID #A5259314

STATUS : - read comment for update from crossposter
Pros and Cons of a Reverse Mortgage

A reverse mortgage is a loan that you can apply against the equity in your home. It enables a qualified older homeowner to withdrawal part of equity in their home. The equity can be withdrawn and paid to the homeowner in a lump sum or in monthly payments to help supplement their income. The Housing and Urban Development (HUD) agency insures the most common reverse mortgage program through the Federal Housing Administration (FHA). The FHA reverse mortgage is named the Home Equity Conversion Mortgage (HECM). The HECM does not require homeowners to repay the reverse mortgage, unless they no longer occupy the house, become delinquent on the property taxes or home insurance, or they fail to meet the obligations of the mortgage.

The eligibility qualifications for the HECM are very simple. The homeowner must be at least 62 years old and have an acceptable equity position in their primary residence. The primary residence includes any FHA approved property: single family residence, multi-family 2 to 4 unit dwelling (one unit occupied by home owner), HUD approved condominiums, or manufactured homes. There are no income or credit requirements for this mortgage program. Eligible homeowners must also complete counseling with a HUD approved and accredited reverse mortgage counselor. The counselor would review all aspects of the reverse mortgage program and how this mortgage type will specifically help the homeowner(s) based on their equity position. The mortgage typically does not have to be repaid until the last surviving homeowner moves out of the property. If the homeowner does not maintain the property as their primary residence for a 12 month period, the mortgage will be due.

The maximum mortgaged amount is calculated from the appraised value of the property, homeowner(s) age (youngest homeowner), interest rate (fixed or variable), equity position, and FHA lending limit for the county the home is located in. These factors will determine how much equity is available to the homeowner(s) to receive in a lump sum, equal monthly payments for as long as the homeowner lives in the home, line of credit, or monthly payments over a set period of time.

Homeowners retain ownership of their property and are not required to make any monthly payments. Even if the value of the home decreases, the homeowner is not held liable because a reverse mortgage has a non-recourse provision. This means that HUD and the lender share the risk on the future value of the house, not the homeowner. Although, HUD does require the home to be maintained in acceptable condition to retain its value.

Reverse mortgages have minimal fees for qualification, processing, and approval. These costs can vary by lender. Service fees may also be charged to homeowners who choose their equity to be paid to them in monthly payments. For additional information on the reserve mortgage program, please contact a local HUD approved lender.

Buying a home is not easy especially in today's expensive market scenario. After all, homes are not cheap and you may not always have the cash handy to buy the property that you desire. Given this situation, home loans are an excellent option. Additionally, paying rent or paying an EMI comes with the same amount of financial stress. However, the end result is different. When you are paying an EMI, you end up becoming owners of the home. This is what makes home loans a preferable choice for thousands of aspiring couples as well as bachelors.

But, before you apply for a home loan, you need to familiarize yourself with the different types of home loans. Usually, this information can be procured from bank or financial institution's representative. In fact, if you are feeling lazy enough to make the call or walk in to the nearest branch, the internet is always there to bail you out. Do a simple search and you will be able to get a rough idea.

Meanwhile, here is a brief preview to help you understand it better:

Fixed rate home loans: Every loan comes with a rate of interest. However, when customers opt for a fixed rate home loan, it means that during the tenure of the loan, the rate of interests will not change irrespective of the external economic scenario. This could be advantageous in cases when the economic turbulence could lead to interest rates peaking. But in cases where the interest rates are going to drop considerably, opting for a fixed rate home loan could prove to be heavy on your pockets.

Variable rate home loans: This is the ideal option for people who have an excellent foresight and are able to predict the economic scenarios with surprising accuracy. As part of the terms of this loan, the applicant is charged according to a changing rate of interest. This change is dependent on the prevalent market scenario.

Land purchase loans: If you are buying a plot for constructing a new house, the land purchase loan works well. Most banks are willing to provide up to 85% of the amount as loan.

Flexible tenure plan: As part of this option, the bank will lend you the amount and allow you to choose the preferred repayment tenure. In some cases, the bank also offers option where the repayment starts after a certain period like six months or one year.

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