By: Anaya Erika

Present times, it must be said, is such that people are forced to take loans. With the cost of living hitting the skies, this is only to be expected. Rare are the families who don't have to go for loans to meet their several big, small expenses. So much so that today a stage has come when one can rarely think of purchasing a product without carefully deliberating over the price. This is true for almost every section of society, particularly to those belonging to the middle class category. They are forced to take loans for several of their requirements and it would not be wrong to state that loans can well be termed as the life line of middle class.

Loans indeed go a long way in solving the problems of people but it should not be forgotten that they at times themselves become problem. This mainly happens when one has taken quite a few loans. The problems that arise here is that it is not possible for people to remember all the different loans that they might have taken and their repayment date. The interest of these loans is also a cause for concern.

Debt consolidation loans, which is actually one of the features of unsecured loans, it must be said, is specially designed for this very purpose as it allows the borrower to consolidate his debts and repay them in one go. What is even more heartening is the fact that the rate of interest charged on debt consolidation loans is less than all the loans put together.

However, to make debt consolidation loans really work in their favour, it is a must that people take a few precautions. First of which is to do a thorough research of all the offers available and then decide as to which offer is most suited for him. This can only be achieved if a proper scanning of all the offers have been done, their terms conditions and interest rates weighed and the credential of the company as well as its reputation checked. If the loan is opted keeping these information in mind then one can be rest assured that debt consolidation loan would indeed go a long way in helping one clear of all their debts and that too in one go. Debt consolidation loans, it must be said, is the best gift of unsecured loans.

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By: Alan Lim

The bills just seem to keep coming. The roofer says that you’ll need a new one soon. College is just a year away and moms’ senior center is increasing rates. A home loan refinance option may be what is needed to pull it all together into a neat package designed to make your life easier.

Investing to make it work

Paying off the mortgage was always thought to be one of those defining moments. As it turns out it is defining. Unfortunately, the moment is not the one you may have thought about originally. Paying off your mortgage means that you let the bank take advantage of your money. Instead, think about home loan refinance and saving some money meant for the bank. This option lets you use your money to fullest advantage instead of letting the bank use it to theirs. Home loan refinance can make your life easier to deal with by paying down all those high interest rates.

Pulling it all together

One way or the other that roof is going to need to be upgraded. There is little that can be done about that. Junior needs to go to college somehow. Costs are a killer but somehow he needs to get there through a series of scholarships, matches, loans and what not. Mom’s care needs to be addressed as well, in one form or another. The bills are and will be coming from everywhere. A home loan refinance program may be just the ticket to pull everything together. A home loan refinance program would mean lower or nonexistent bills.

Is now the time

Whether you opt for a home loan refinance option at this point in time is really a life and regional choice. If your plans entail staying in the same home for the longer term it is the perfect time to consider a home loan refinance option. Rates are being reset so a solid indication of where they will be for an extended period is available. Prices have begun to fall on homes but they have yet to go anywhere near where they could have gone considering the situation. If you are sticking around for a while the values will come back in a few years, so a home loan refinance program should be ok at this point.

Everything ages

Home loan refinance is one way of looking at the aging process of your home and life, everything ages. You bought your home with old dollars. The roof with aging wood and the child is just like you some time ago. At some point they all need to go to the health club for a reshaping, something to get them back on, or continuing on a healthy track. New dollars can get them to the next step and moving forward. Everything needs a booster now and again to pull it all together. A refinance program is just that.

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By: Nick Dowlatshahi

If investment over personal use is the primary reason for purchasing a property then the French leaseback scheme could be right for you. The scheme created by the French Government in the 1970's was designed to increase the amount of short term accomodation in France as there has always been a chronic shortage. This could be either tourist accomodation in holiday resorts or business accomodation in city centres in large business hubs. The scheme involves you buying a property freehold and then granting the lease of it for 9 to 11 years to a management company who pay you a fixed guaranteed rental income in return. You also save substantially on French tax and have a low risk no hassle investment.

Refunded VAT: One of the great bonuses of this scheme is that the purchaser gets a full refund of the TVA (VAT) of 19.6% if it is a new build property which is either refunded 6-9 months after completion or paid and reclaimed by the developer. At the end of the initial lease period the holiday company usually reserves the right to lease it again until the 20th year after its construction but this is very rarely insisted upon if the client is not in agreement. If you choose not to lease your apartment out again or sell it then you will have to pay a proportion of the TVA according to how many years are left outstanding from the first 20 years. For example, if the property has been under lease contract for 11 years and there are therefore 9 years remaining, then the amount of TVA that must be paid back to the French government is 9/20ths of the TVA. After 20 years TVA is no longer payable. Should you wish to sell your property within the lease period then you must sell it with the lease contract intact to someone who is prepared to see the contract through.

Guaranteed return on investment: The guaranteed investment return will typically be around the 5% mark net of all costs tax-free as you benefit from non-professional lessor of furnished property status (LMNP). This in effect means that you will receive as much interest as you would in a high yielding savings account as well as the opportunity to gain from capital appreciation of the property.

Personal Use: Leasebacks often allow the owner the option to occupy the property for a number of weeks a year in return for slightly lower investment yields. If you choose not to use the weeks then you will usually get a higher annual yield.

The management company: An experienced management company will take care of the entire maintenance of the apartment or villa, usually with hotel services available such as reception, house linen, well-kept gardens, swimming pools and 24hr security.

Furnishing: Furnishing, decoration and electrical appliances are all supplied and maintained by the management company.

Accounting impacts during the loan's term:

-Deductibility of the loan interest - Deductibility of miscellaneous expenses (property taxes) - Amortisation deductibility; 3.3% per year for 30 years, however they are deferred and not imputable in regard to the business income.

After the loan's term the deferred amortisation can be imputed and set against the received net rents.

Notary Fees and sales process: The sales process is the same as for new build/renovated properties with the same notary fees: 3% on new builds and for refurbished leaseback properties you will have to pay the usual 7-8% notary fees on the property before refurbishment working out at between 4% and 6% of the value of the purchase price.

Better than Timeshare: Unlike time share schemes the owner actually sees a return on his/her investment through annual rental yields and also appreciation in the value of the property which can be substantial- so it is not money down the drain. The bonus though with these schemes is that like time share the property will be well maintained by the holiday company with no responsibility for changing of linen and cleaning- you simply turn up during your chosen weeks and enjoy it!

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By: Angelo Drew

Borrowers who have multiple debts may find it difficult to repay all the instalments every month. If they want to lower down their monthly outgoings, there are many options available to them.

Individual voluntary arrangements (IVAs) are helpful to those borrowers who want to overcome their financial problems or even write off some of their debts. IVAs offer relief to those who are facing difficult times in repaying their debts. For debt-saddled people, it is an opportunity to get their finances under control within a stipulated time frame.

To settle your debts conveniently, you can also opt for an administration order. This is an order of the court that permits you to make a single payment every month to the court. The court distributes the money between your creditors after charging an administration fee from you. There are some conditions that you have to fulfil in this case. You should have at least two debts from two different creditors. Your debts should not exceed £5,000 and there should be at least one County Court or High Court Judgement against you.

Debt Consolidation Loans are another option to settle your debts. These loans are used to repay your existing debts and convert your multiple instalments into single repayment. Many lenders offer debt consolidation loans. There are high street banks, online lenders, building societies and other financial institutions that can provide you these loans at competitive rates.

The online lenders provide both secured and unsecured debt consolidation loans. If you are above 18 years of age and a UK resident, you can apply for the loan. To get a competitive loan from the crowd of lenders, you should compare loans. You can do the comparison online. Many price comparison websites can assist you in this process. Debt consolidation loans help you buy some time to recover and emerge stronger in financial terms.

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By: Ajeet Khurana

No car comes for really cheap. Making the decision to buy one usually has to be accompanied by a number of trips to the local bank to ask questions about car financing. Getting a car loan may be easier than getting a mortgage, but it still involves a certain amount of running around and quite a bit of paperwork. If one is going in for a secured loan, the number of documents required will be much more. If one has enough savings in the bank to fund the new buy, that is the best way to be. But most of us lack sufficient liquid cash to pay for such a large bill.

However, car loans are not the only answer to the question of gathering funds. One great option would be to avail of a low priced credit card and use it to fund this buy. Buying a car with plastic may not be the most popular way of going about it. But plastic can simplify your car buying issues. For starters, consider the need to get approved for a loan. That in itself tends to be a time-consuming process. However, if one is buying the car via a credit card, there is no need to get loan approval. Even the various discussions about loan rates and terms can be eliminated when using a credit card to make the purchase. However, it should be a wise decision to notify the card provider about the large purchase that one is about to make.

One advantage that a purchase by plastic would have over a purchase via a loan is that repaying the debt won't be such a problem. A loan taken from the bank would necessitate making fixed monthly payments during the entire loan term. However, in the case of a credit card, one has the option of paying just the minimum monthly payment. Thus, there is far more flexibility in the case of the latter.

Of course, even buying your dream car with the power of plastic has some disadvantages. For instance, even if your card starts out as being low-priced, this might not be valid beyond a certain period. Once the introductory low interest period is over, you might find yourself having to shell out a good deal more only as your interest amount. At this point, you have the choice of shifting to a cheaper card by using the balance transfer option. However, doing this a little too often could adversely affect your chances of getting approved by lenders in the future.

We are the specialists in auto loans. Visit us for car finance and car loans of all types.

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