January 25th, 2009
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Posted in Accounting Software, Business Finance, Finance City, Finance Software | Comments Off
January 8th, 2009
Merkel Seeks Fast Track for $67 Billion Stimulus for Germany - Bloomberg
Source: news.google.com
Gov. Crist seeks support for loan program - Tampa Bay’s 10
Gov. Crist seeks support for loan programTampa Bay’s 10, FL - Jan 6, 2009Crist said federal bank-bailout money is not being turned into loans fast enough. He wants the Legislature, during its two-week special session, …
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Source: news.google.com
Waiting for Dodd - Wall Street Journal
Waiting for DoddWall Street Journal - Jan 6, 2009We've got some leftover business from the 110th Congress — namely, Chris Dodd's July 2008 promise to release the details of his sweetheart loans from …
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Source: news.google.com
RGE Monitor - 2009 US Economic Outlook - RGE Monitor
RGE Monitor - 2009 US Economic OutlookRGE Monitor, NY - 11 hours agoWith regard to leveraged loans, the latest research by Boston Consulting/IESE Business School based on the 100 largest PE firms engaged in LBOs calculates …
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Source: news.google.com
Fast Auto Loans – No Need to Wait for Days to Get on to the Road - Best Syndication
Source: news.google.com
Financier for Small to Medium Wisconsin Businesses Arrives in … - PR Newswire (press release)
Source: news.google.com
Demand grows for tax refund loans - Atlanta Journal Constitution
Source: news.google.com
For Car Companies, It Was a Year to Forget - BusinessWeek
For Car Companies, It Was a Year to ForgetBusinessWeek - Jan 5, 2009GMAC, GM's credit arm, which usually provides loans to about half of the company's customers, was doing just 3% of GM's lending business in October and …
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Source: news.google.com
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December 17th, 2008
Buying and financing a home today can be overwhelming. Here are some
questions to ask your lender so that you can make informed decisions.
Are both fixed-rate and adjustable mortgage loans available? What is the interest rate?
How long can I “lock-in” the financing at the current interest rate?
Is a float down lock available in case rates drop after I have locked in?
What are the other fees a lender may charge me in conjunction with my loan?
Are funds for a second mortgage available?
On adjustable loans:
How often will the interest rate be adjusted?
Is there a maximum limit on each rate change?
How often will the monthly payment be adjusted?
Is there a ceiling on payment adjustments?
Can the term of the loan be extended?
What is the maximum rate that can be charged over the life of the loan?
Is there any potential for negative amortization?
Is there a pre-payment penalty clause?
This involves extra charges for paying off the loan before maturity. About 80% of all loans in Australia are paid off early.
What is the “grace” period? How late can a monthly payment be made before a late charge is assessed?
What will happen if a payment is missed?
If you sell your house, will the new buyer (if he/she qualifies) be able to assume your mortgage at the same interest rate?
Do you have to pay “points” to get your new mortgage? Usually lenders charge points for the cost of giving you a mortgage loan. A “point” is 1% of the loan.
Will the lender require mortgage insurance?
Is the loan serviced locally or is the servicing sold?
Ask for a written “good faith deposit”.
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