Ivy Zero Finance » 2010 » April

Let’s start with an outline of the major differences of leasing vs buying a car…

Leasing

The leasing company holds the title to the vehicle You are required to have higher insurance limits, which results in higher insurance premiums Most of your lease payment goes to interest, fees and taxes If sued for a car accident, the leasing company is liable If you decide to buy the car at the end of the lease, you’re paying the equivalent of 84 month financing Sales tax is paid on each monthly payment Payments are tax deductible as a business expense … Continue reading ...

In simplest terms, a loan modification restructures the terms of a loan without actually refinancing the property it secures. A loan modification can be defined as an agreement between the lender and the borrower which stipulates a long term relief from unaffordable loan terms. Modification of a loan applies to the terms governing the interest rate, the amount of the monthly payment, and in some cases also the loan amount.

A permanent change in one or more of the terms of your loan, gives you a fresh start, and results in a payment that you can afford. The sole purpose of a modifying your home loan is to enable the borrower to meet the terms of the new loan for the foreseeable future. The cost of default is more than modifying a loan therefore a lender is likely to be open to loan modification.… Continue reading ...

Car leasing is nothing different to paying for the usage of a truck, a van, or any vehicle in that matter, within a specific duration of time. Most people may think that it is similar to car rentals, but it has one major difference. You can rent a car for a week, a day or even a few hours, but for a car lease, it typically requires at least a year of usage period.… Continue reading ...

With foreclosures at an all time high there are more options available for people facing the possibility of losing their home. Numerous lenders including Bank of America are offering mortgage loan modification for those in danger of being foreclosed upon.

There are a few things that you should do in order to ensure to qualify for a loan modification from a lender or Bank of America, they are as follows:… Continue reading ...