cash lump sum http://www.artwoo.com Returned search results for cash lump sum Copyright 2008 Sat, 22 Nov 2008 14:23:14 +0000 http://www.artwoo.com/rss/cash+lump+sum 3 Loans That Are Easily Available To Homeowners http://www.artwoo.com/article/3-loans-that-are-easily-available-to-homeowners http://www.artwoo.com/article/3-loans-that-are-easily-available-to-homeowners#comments Mon, 04 Sep 2006 16:27:09 +0000 mortgage loanhome equity line of creditequity loanlump sumborrowloanscredit score http://www.artwoo.com/article/3-loans-that-are-easily-available-to-homeowners loans that are easily available to you. As long as you have some equity in your house--the amount of your home's value minus any amount you still owe on it--you can tap it for cash. In general, these three loans are easily available to most homeowners:

HOME :

Based on the amount of equity in your home, you can on that amount and receive it in one . Your lender will assess the amount you can borrow, and you'll simply need to fill out some paperwork before receiving your check. Although your credit history and will probably be checked during the application process, even those with less-than-perfect credit can usually get approval as long as you have sufficient equity in your home. A Home Equity Loan is perfect for folks who need a chunk of money for remodeling or an emergency.

:

Similar to a Home Equity Loan, the amount you can borrow is based on the equity in your house. However, rather than receiving a lump sum of cash, you'll be issued a line of credit. This is a revolving account--meaning you can draw off it over and over again. This type of loan is best for folks who plan to use it as an emergency fund, or who are going to make many small repairs to their home over time.

SECOND MORTGAGE:

In this case, you simply take out a second on your home. By placing a second loan against your home, you get a lump sum of cash to use for whatever reason you desire. However, second mortgages tend to be expensive. You'll have to pay closing costs, fees and possibly points on your loan. The interest rate tends to be higher, since a second mortgage is a bigger risk for a lender (in the event of default, your first mortgage is the one that gets paid off).

Most homeowners will find that they qualify for at least one of these three types of loans. Choosing the best one for you depends on your personal circumstances, such as the amount of equity in your home and the reason you want the cash. Visit http://www.homeequitywise.com to compare Home Equity Loans vs. Second Mortgages. ]]> What Is A Reverse Mortgage Good For? http://www.artwoo.com/article/what-is-a-reverse-mortgage-good-for http://www.artwoo.com/article/what-is-a-reverse-mortgage-good-for#comments Wed, 05 Jul 2006 06:27:19 +0000 reverse mortgagereverse mortgagesmortgage cashhome loanscash advancelump sumhassle free http://www.artwoo.com/article/what-is-a-reverse-mortgage-good-for reverse mortgages do.

A reverse mortgage is a loan that you make where you do not have to pay back anything for as long as you still possess that property you have purchased. provide you with cash which you can use for other investments. By turning the value of your home into cash, reverse mortgages gives you virtually unlimited funds without having to move and even without repaying the loan every month.

There are several ways to give you the cash from reverse mortgages. You can get cash from a reverse mortgage all at once or in a single . With a reverse mortgage, you can also opt to receive a regular monthly .

In addition, a reverse mortgage can offer you cash as a "creditline" account. This creditline account from a reverse mortgage will let you get the amount of money you want whenever the need arises. And if none of these methods suits you, reverse may be given to you using any combination of the abovementioned methods.

Whether or not you want your cash from a reverse mortgage be paid to you in lump or in installment, the main thing is that you do not have to pay anything back until you die, sell your home, or permanently move. Reverse mortgages usually cater to homeowners who are 62 years old and older.

Reverse Mortgage vs. Other

In most other loans, a systematic check on your income and assets is done in order to pre-qualify for the mortgage. This is done as an assurance to the lender that you will be able to afford the monthly payments tied with a loan. Since reverse mortgages do not involve any monthly payments, you not have to go through these tedious prequalification procedures. Qualifying for a reverse mortgage is easy and hassle-free. There is no minimum income required and no monthly repayments. And what's more, with a reverse mortgage, you do not stand the chance of losing your home.

The downside to a reverse mortgage

In every story, there is always the other side of the coin. While reverse mortgages have their advantages, they also have a downside. As you know already, reverse mortgages do not require monthly paybacks. This means that with reverse mortgages, you are actually taking out equity from your home and turning it into cash. This does not bode well for your debt or your home equity for that matter.

Here's how it works. Other mortgages require a person to make a down payment when buying a home. As years go on, they use their income to pay back the money they borrowed in making the purchase. This decreases their debt and increases the value of their home.

With a reverse mortgage, everything works in the reverse. You have your home. You convert its value into cash. And then you take out that cash every now and then, thereby increasing your debt and reducing your home equity.

Of course, this is not always the case with reverse mortgages. If your home value grows rapidly or you only one loan on your home, there's every chance that your equity could increase over time. If you want to learn more about mortgages you may visit the authors directory website at: http://www.2nd-mortgage.com-internet-online.com ]]> Home Equity Loans Vs. Refinance Loans http://www.artwoo.com/article/home-equity-loans-vs-refinance-loans http://www.artwoo.com/article/home-equity-loans-vs-refinance-loans#comments Wed, 13 Sep 2006 22:27:03 +0000 home equity loansrefinance loansrefinance loanequity loanborrowlump suminterest rate http://www.artwoo.com/article/home-equity-loans-vs-refinance-loans equity loan and a . However, there are some differences. You will find that a home equity loan, whether it looks like a more traditional loan or a line of credit, offers a little more flexibility. However, the refinance loan usually offers a lower . Both types of loans, however, have interest that is tax deductible. Make sure you understand the features of both before making a decision between vs. .

Home Equity Loans

Included in home equity loans are home equity lines of credit. You can decide how much of your equity you want to use as collateral for the loan. Equity is how much you "own" of your home. It is the difference between how much you have left to pay on your home loan and how much your home is worth on the current market. You can part of your equity, or you can borrow all of it. Additionally, you can choose how you want to receive the money: as a or as a line of credit. This can allow you some flexibility. If you choose the line of credit, you don't have to borrow up to the limit, but more is available if you need it.

Refinance Loans

While some of the accumulated equity in your home is used in a refinance loan, the loan is really meant to establish new terms for your loan. The entire mortgage is redone, and some of the accumulated equity you have can be added in for a "cash out," where you take cash and your home is refinanced for an amount that is higher over all. You have no decision as to how to take your loan. It is lump sum. It is applied to "pay off" your "old" mortgage, and the remainder, the "cash out" portion, is given to you. Usually, it is possible to spread the terms out over a longer period of time than a home equity loan, and you usually end up with a lower interest rate.

Home Equity Loans vs. Refinance Loans: Which is Best For You?

You have to decide which would work best for you. If your purpose is to mainly to fix an interest rate or change the loan term to something longer or shorter, and maybe get a little extra cash to pay some bills or take a vacation, the home refinance loan may work best for you. However, if you are looking for flexibility, and you are not sure exactly how much you need, a home equity loan, in the form of a line of credit, might be your best option. Do your research, though, and shop around for a loan that suits your specific needs. Visit http://www.homeequitywise.com for more information about the advantages and disadvantages of a http://www.homeequitywise.com/home_equity_lending-the_facts_about_home_equity_lending.shtml. ]]> Tapping Into Home Equity: Which Way Is Best? http://www.artwoo.com/article/tapping-into-home-equity-which-way-is-best http://www.artwoo.com/article/tapping-into-home-equity-which-way-is-best#comments Fri, 27 Apr 2007 03:44:59 +0000 home equity loanhome equity line of creditequity line of credithome equity linecurrent interest rateshelocmatt schaub http://www.artwoo.com/article/tapping-into-home-equity-which-way-is-best
Refinance Option: Is the interest rate on your mortgage higher than the ? Then you may want to refinance to a larger loan amount. The difference you take, in cash, will be from your home's equity.

Option: An option you may want to consider if you'd like cash in a lump sum, and you already have a good rate on your first mortgage, is the home equity loan. Often called a second mortgage, a home equity loan lets you tap into your home equity without refinancing your first mortgage.

Option: HELOC, which stands for , gives you access to your home equity when you need it. A HELOC is similar to a credit card, but it uses your home equity as a revolving line of credit. Make monthly payments only if and when you use the money. One advantage of a HELOC over a credit card is that the interest is usually tax deductible. Do you want to take a portion of your money, drawing the remainder as you need it? You can do that with a HELOC. Or would you like to get a lump sum at closing? You have that option with a HELOC as well. One other HELOC advantage: it's possible to get a of credit in as little as ten days - unlike a home equity loan or a refinance - which take longer.

Reallygreatrate can help you by providing more tips and news at our site. We welcome you to take a look, and also to find out what rates are available in your local area.

We are also available by phone to answer any questions you might have. and Silas Ellman started ReallyGreatRate with a simple idea: give every consumer the speed and convenience of online loan service, while providing the most personalized financial solutions available. For more free info, go to http://www.reallygreatrate.com ]]> Getting Money From A Reverse Mortgage http://www.artwoo.com/article/getting-money-from-a-reverse-mortgage http://www.artwoo.com/article/getting-money-from-a-reverse-mortgage#comments Sat, 21 Oct 2006 04:27:03 +0000 reverse mortgagelump sumhome improvementstom atkinsmoneyoccasional contributorfinance journal http://www.artwoo.com/article/getting-money-from-a-reverse-mortgage reverse mortgage allows homeowners over the age of 62 to cash in on the equity of their home.The homeowner can use these funds in anyway they want.Some have used the for extended term care or .Homeowners usually run into very little difficulty in securing these funds.The funds are practically free because with the exception of the fees, more than likely, the mortgages will not be paid back over the course of the homeowner's life.

There are several payment options to choose when receiving funds from a reverse mortgage. In most cases you can choose one or more of them based on your needs.

* Getting your money in a : Most often the money from a reverse mortgage is paid in a lump sum. You will receive one payment which equals the value of your home.

* Getting a specific amount paid over the course of a number of years: With this option the homeowner will receive payments over a specific course of time, 10 years for example. This could be a great help in managing funds over a period of time.

* Getting a specific amount paid to the homeowner every month until they die or permanently move out of their home: Receiving monthly payments gives the homeowner a sense of security in knowing that their money will not run out before they die.

* Getting a line of credit. Funds can be provided as a line of credit and be paid back to the lender. A specific amount could be taken out to make repairs or to pay a bill as the funds are needed.

Getting the right type of terms for your needs is totally up to you.Give thought to what your needs are, how much funding is required and how soon you will need the funds. Some homeowners have gotten a lump sum and transferred it into a savings account until needed. The funds are yours and you can do whatever you want to with it with no restrictions. is a staff writer at http://www.finance-journal.com and is an to several other websites, including http://www.debt-journal.com. ]]> Whole Life Insurance http://www.artwoo.com/article/whole-life-insurance http://www.artwoo.com/article/whole-life-insurance#comments Sat, 15 Apr 2006 09:50:05 +0000 term life insurancelump sum paymentcgtinheritance taxinsurance coverpeace of mindterminate http://www.artwoo.com/article/whole-life-insurance lump sum payment is guaranteed upon death of the insured life, regardless of what age death occurs at. This means that unlike where a lump sum payment upon death is only guaranteed to a certain age, whole life policies can be relied upon to make a lump sum payment that is free from any age restrictions. What's more, whole life policies can even be configured so life age continues after payments of whole life premiums stop.

The advantages of whole life insurance

Without a doubt whole life insurance is the most comprehensive type of life insurance available. If you want the that your family and dependants are financially secure once you leave this earth - and you want that peace of mind GUARANTEED - then a whole life policy will rise to the challenge. Some life insurance companies will even allow you to link a critical illness policy to your whole life insurance, enabling you and your family to receive the benefit of your whole life lump sum before you die.

Whole life insurance offers a host of other advantages too...

Tax exemption: The lump sum paid out upon death is exempt from income tax and also from capital gains tax (). If the whole life policy is legally placed in trust then your family / dependants will have no to pay either.

Inflation linked: Whole life policies can be index linked to inflation. This means that the sum insured will not devalue over time.

Continuous insurance cover: It is possible to arrange your whole life cover to be fully paid-up by a certain age limit, after which life insurance cover continues until death without any further payment contributions being needed. This means that you can arrange to insurance payments when you retire or before, easing the burden on your personal cash flow in later years. Naturally, the earlier you terminate payments then the higher the monthly life insurance premium will be.

The disadvantages of whole life insurance

Does whole life insurance sound too good to be true? If it does then you'll want to know the catch...and the catch is the cost! Whole life policies are not cheap, in fact they are the most expensive form of life insurance available. Even a young healthy individual who does not smoke should expect to pay several times more than the premium amount on a standard term life insurance policy. For the less healthy individual, the premiums will be even higher.

Furthermore, most life insurance companies require whole life applicants to undergo a medical before the life insurance is underwritten. Whole life policyholders may also be subject to premium reviews at regular intervals throughout the life of the policy. Gary Tallon is an established http://www.powerinsurance.com author and is currently working with http://www.unitedlife.co.uk/cheap-uk-life-insurance.html companies. ]]> Debt Consolidation Loan For A Home Owner - 3 http://www.artwoo.com/article/debt-consolidation-loan-for-a-home-owner-3 http://www.artwoo.com/article/debt-consolidation-loan-for-a-home-owner-3#comments Mon, 22 May 2006 00:32:07 +0000 home equity loansmortgagehome equity loan ratesdebt consolidationhome equity line of creditequity loan ratesheloc http://www.artwoo.com/article/debt-consolidation-loan-for-a-home-owner-3 debt consolidation. Here are three loans to consider:

Second

A second mortgage is, essentially, another mortgage on a home that already carries a mortgage loan. The second mortgage takes a backseat to the first one, so it's a bit riskier for lenders. Because of this additional risk, second mortgages usually carry shorter terms and higher interest rates. However, you can use the money you borrow from a second mortgage to consolidate your debt into one payment. And even though the interest rate is typically higher than your first mortgage, it's usually still lower than the average credit card or personal loan rate.

Home Equity Loan

A home equity loan borrows a lump sum of money from the equity in your house--the value of your home minus the amount you currently owe on it. For example, if your house is valued at $250,000, and you currently owe $200,000 on your mortgage, you have $50,000 in equity that you can borrow. That means you can get a lump sum totaling $50,000, which you can then use to pay off other debts. In general, tend to be low, and in many cases they are tax deductible.

Home Equity Line-of-Credit

A --also known as --is a type of revolving loan. Like a Home Equity Loan, you are borrowing from the equity in your home. However, unlike a Home Equity Loan, you don't get a lump sum of cash. Instead, as a line of credit, you can draw on it any time for any amount (up to your limited maximum). HELOCs, in general, tend to have lower interest rates than .

Although borrowing a second mortgage or using the equity in your home can be a simple and low-cost way to consolidate your debt, it's important to remember that, in all these cases, your home is the collateral for the loan. So before you borrow against your home, be certain you will be able to make your monthly payments. Try using http://www.abcloanguide.com for a list of Recommended Debt Consolidation Companies online. Their recommended companies are reputable and competitive in their rates. ]]> Home Equity Loan Comparison - Are All Home Equity Loans Equal? http://www.artwoo.com/article/home-equity-loan-comparison-are-all-home-equity-loans-equal http://www.artwoo.com/article/home-equity-loan-comparison-are-all-home-equity-loans-equal#comments Thu, 31 Aug 2006 22:27:20 +0000 home equity loansmortgage paymentspaying off debtdebt consolidationhome equity line of creditoriginal mortgagehome improvements http://www.artwoo.com/article/home-equity-loan-comparison-are-all-home-equity-loans-equal Home equity loans are ideal for obtaining quick cash for , , etc. Homeowners can acquire loan approvals much quicker than non-homeowners. Because of rising home values, many homes have gained a significant amount of equity. Hence, homeowners are able to tap into this equity and access extra funds.

What are Home Equity Loans?

Home equity loans are similar to other types of loans offered by banks, credit unions, and other financial institutions. The only difference is that a home equity loan uses your property as collateral. Furthermore, equity loans are primarily based on the amount of equity your home has acquired.

For example, if the amount was $200,000, and the amount owed to the mortgage company is $130,000, the home has acquired $70,000 in equity. Thus, homeowners may obtain a home equity loan up to this amount. The money can be used for any purpose such as building a cash savings, , or establishing a college fund.

Different Types of Home Equity Loans

Homeowners may select one of two different types of home equity loans. One type of home equity loan is a second mortgage. When homeowners obtain a second mortgage, they receive a lump sum of money from the lender. In turn, the property gains a second lien.

Similar to first mortgages, homeowners are obligated to make monthly payments to the holder of the second lien. Because second mortgages are generally smaller than the initial mortgage, payments are considerably less.

Homeowners also have the option of applying for a . This type of home equity loan offers flexibility. Instead of receiving a one-time lump sum, homeowners gain access to an open line of credit. For an average length of ten years, homeowners may withdraw funds as needed. Unlike second mortgages, lines of credit do not have fixed monthly payments. Rather, payments are based on the amounts withdrawn from the account.

Choosing the Right Home Equity Option

Deciding between a second mortgage and a home equity line of credit may be difficult. However, homeowners must access their personal needs. Second mortgages are more fitting for persons who need immediate cash for a one-time purchase, whereas lines of credit are more suitable for homeowners who require smaller cash amounts over an extended period. Visit Home Equity Wise to view our http://www.homeequitywise.com online. Also, visit Home Equity Wise for a Home Equity Loan Comparison. ]]> Are Cash Advance Loans Right For You? http://www.artwoo.com/article/are-cash-advance-loans-right-for-you http://www.artwoo.com/article/are-cash-advance-loans-right-for-you#comments Sat, 06 May 2006 21:32:01 +0000 unsecured personal loanscash advance loansefthelpfinancial obligationsfinancial crisiscredit counselor http://www.artwoo.com/article/are-cash-advance-loans-right-for-you Cash advance loans are small, for amounts ranging from $100 to $1,500. Generally, the company making a cash advance loan only requires proof of employment and/or income and a bank account as verification of your ability to repay the loan. The loans are short-term -- most require repayment in full in one lump sum within two weeks. The repayment method varies. Most often, the cash advance company requires that you give them a post-dated check or agree to an transfer for the amount of the loan plus their finance fee on a specified date.

According to several recent surveys of people who use cash advance loans, the typical user is young, educated and has a full-time job. The general reasons for applying for cash advance loans are to meet unexpected financial needs (a car that needs servicing, or medical expenses not covered by insurance, for example), or to take advantage of an opportunity that they can't afford 'this month', but which won't exist next month. Are cash advance loans the right choice for you?

For most people, cash advance loans are a convenient short-term financial management solution that can them avoid bounced check fees, late payment charges, higher interest rates and bad credit ratings.

When you're considering a cash advance loan, there are some important facts to keep in mind.

Cash advance loans allow you to meet unexpected without involving revolving debt and months of payments.

Cash advance loans are not meant to be a way of regularly managing your budget. If you're using cash advance loans to meet your monthly expenses every month, you should work with a to help you manage your money and deal with your debts.

Cash advance loans are meant to be used once in a while to get you through a . If you use them repeatedly, you could be digging yourself deeper into debt.

Using Cash Advance Loans Responsibly

Cash advance loans can get you through sticky financial times. Just like any other kind of debt though, you can end up digging yourself deeper into debt if you rely on them to manage your budget regularly. Here are some guidelines for managing your credit and cash advance loans responsibly from a major provider of cash advance loans.

Review your account status with your cash advance loans provider regularly so that you know exactly how much and how often you're borrowing from them.

Are there alternative sources of credit available to you for a particular need? For instance, does your bank offer overdraft protection for a small fee? If so, you can reduce your reliance on cash advance loans.

Are you taking out a cash advance loan immediately after paying one off? Some payday loan providers impose limits on how many consecutive loans you can take out. If you find yourself unable to meet your regular expenses on an ongoing basis, cash advance loans may not be the right solution for you.

If you find yourself using cash advance loans on a regular basis just to get from one payday to the next when you haven't had an unusual emergency financial situation, a credit counselor can help you straighten out your finances. If, on the other hand, you have a short-term pressing need for an advance on your paycheck, then cash advance loans are the way to go. James Robinson is a write for Correct Cash. For more information on Corret cash advance, please visit http://www.correctcash.com ]]> Debt Consolidation Mortgage Loans - Using Home http://www.artwoo.com/article/debt-consolidation-mortgage-loans-using-home http://www.artwoo.com/article/debt-consolidation-mortgage-loans-using-home#comments Mon, 17 Apr 2006 14:50:06 +0000 debt consolidation mortgagemortgage refinancingmortgage loansmortgage interest ratesconsolidate debtshome equity loanspersonal loans http://www.artwoo.com/article/debt-consolidation-mortgage-loans-using-home Debt consolidation mortgage loans are easy to qualify for, and provide enough funds to payoff creditors.

Different Types of Debt Consolidation

If choosing to , homeowners usually obtain a lump sum of money. The funds can be used to payoff credit card balances, , auto loans, etc. Once credit account balances are zero, homeowners simply submit one monthly payment to repay the debt consolidation loan.

Because debt consolidation mortgage loans have very low interest rates, most homeowners are able to repay the loan within a few years. Typical repayment periods consist of five to fifteen years. Moreover, the monthly payments are very affordable. You can expect to save hundreds each month.

If opting to take advantage of a debt consolidation mortgage loan, you may select a or home equity loan option.

How to Consolidate Debts with a Mortgage Refinancing

Cash-out mortgage refinancing is perfect for consolidating unnecessary debts. Moreover, this method serves multiple purposes. Because of falling , many homeowners are deciding to refinance for a lower rate. In some instances, this may greatly reduce your mortgage payment.

With a cash-out refinance, homeowners borrow from their home's equity, and use the money to consolidate debts. Refinancing creates a new home loan. Furthermore, if borrowing cash from your equity, the mortgage principle will also increase. For example, if borrowing $25,000, the mortgage amount owed will jump from $100,000 to $125,000.

Home Equity Line of Credit and

Another approach for using your home's equity to obtain cash for a debt consolidation involves getting a home equity loan or line of credit. In this case, loans are approved up to the amount of equity you have built in the home. Because home equity loans are protected, homeowners with less than perfect credit may also get approved.

Home equity loans are dispersed as a lump sum. This is ideal for paying large credit card balances and other types of loans. With a line of credit, homeowners are approved for a revolving credit account. Lines of credit are also ideal for debt consolidation. Visit http://www.abcloanguide.com/refinance.shtml for a list of debt consolidation mortgage lenders online. View our recommended lenders for debt consolidation mortgage loans online. ]]> What Are Payday And Cash Advance Loans? http://www.artwoo.com/article/what-are-payday-and-cash-advance-loans http://www.artwoo.com/article/what-are-payday-and-cash-advance-loans#comments Sun, 09 Dec 2007 06:20:01 +0000 payday loan lendersonline payday loan lendersshort term loansrecommended lenderscash advance loansmagical solutionfinance charge http://www.artwoo.com/article/what-are-payday-and-cash-advance-loans cash advance loans, are short-term loans that use a personal check to be held for future deposit in exchange for immediate cash. Borrowers write the check for the amount to be borrowed plus the . Lenders will hold the check until your next payday, when the loan amount and fee must be paid in a lump sum.

If you cannot pay the entire loan amount, you can pay the finance charge only and roll the loan over for another pay period. Another finance charge will be applied to the amount.

The borrower can redeem the check for cash or allow the lender to deposit it in order to pay back the loan.

The loan amount ranges from $100 to $1,500, and the term is usually two weeks. To qualify, you need a bank account in good standing, identification, and a steady source of income. The lender does not conduct a full credit check or verify your ability to repay. Online can often qualify in one minute!

The big drawback of payday loans is the fees. Charges range from $15 to $30 to borrow $100 for a two week loan. Every time you roll a loan over to another pay period, you may pay more fees.

Understand that if you are short on cash now, you might still be short on cash when you get paid next, and these loans aren't a to that problem. If you aren't able to pay the fees, you may also get fined for bounced checks from the lender depositing your check.

While there are many critics of payday loans and the debt associated with them, proponents of these loans point out that few options exist for people with poor credit if they have an emergency and need cash. If it is your only option left for getting money quickly, at least be aware of the costs so you can plan for repaying the loan quickly. Lauren Armstrong is an industry professional and expert author at http://www.smartloanstart.com. Shop for a loan, compare rates, and get instant approval online with our and services. http://www.smartloanstart.com/payday-loans.html http://www.smartloanstart.com/credit-cards.html ]]> Difference Between A Cash Out Mortgage And A Home Equity Loan? http://www.artwoo.com/article/difference-between-a-cash-out-mortgage-and-a-home-equity-loan http://www.artwoo.com/article/difference-between-a-cash-out-mortgage-and-a-home-equity-loan#comments Mon, 03 Sep 2007 04:35:02 +0000 home equity loanfixed rate mortgageadjustable rate mortgagemortgage ratescash out mortgagefirst mortgagesecond mortgage http://www.artwoo.com/article/difference-between-a-cash-out-mortgage-and-a-home-equity-loan cash out mortgage or a . The truth is that both have their advantages - but probably one will be better for your situation than the other. This will mean that you need to know a little about each in order to make up your mind. Here are some differences between the two.

A cash out mortgage will involve refinancing your . This could be a great way to go, especially if you can get interest rates on the refinance that are at least one percent (two percent is to be preferred) lower than your present . So not only could you get the equity you want, but also you will save thousands of dollars by getting better interest rates, too.

You get the equity you want in a lump sum when your cash out mortgage is approved. All you need to do is to refinance for the amount of the mortgage that is still outstanding, and add the amount of cash you want from your equity. You will want to watch and make sure that you do not refinance for an amount equal to 80% of the value of your house - that includes the equity, as well. The reason for this is simple, you want to make sure that 20% of the value of your home is left intact so that you do not need to pay the Private Mortgage Insurance. This could add thousands of dollars each year to your payments.

You can enjoy further savings if you decide to shorten the term length, too. If you make the remainder of the refinanced loan to be about 5 years less than what you have now, you could literally save tens of thousands of dollars more over the life of the mortgage.

A home equity loan is another way to get to the cash in your equity that you want. A home equity loan is a , and you may be able to get it as either an or a . While it obviously does not require you to refinance your first mortgage, it will give you a new monthly payment - and the cash you want. As a second mortgage, there will also be closing costs and other fees - with the possible exception of going through your present lender.

The interest rate will be higher than on a first mortgage, when you get a home equity loan. The interest rate, as well as the amount you can borrow, will depend mostly on your credit rating, and your ability to repay the loan. Make sure your credit report is accurate before you apply. If there are inaccuracies on the report it can hurt you and give you higher interest rates than you might have otherwise, or even cause your home equity loan to be rejected.

Before you agree to either a home equity loan or a cash out mortgage, you will want to shop around to find the best deal. It will take some time to do it right - but you are the one who will benefit from the savings. Check the various features, such as the interest rate, the fees, and the terms of repayment - including the monthly payments.

The choice is now yours. It can basically be summed up as - do you want to refinance your existing mortgage, or get a second mortgage? Both have their benefits, but only you can decide which one will work best for you. Joe Kenny writes for http://www.rebuild.org/mortgages.html, visit today for some mortgage loan offers or http://www.nationsfinance.co.uk/mortgages/ for UK residents ]]> Buying Family Income Benefit For Family Protection http://www.artwoo.com/article/buying-family-income-benefit-for-family-protection http://www.artwoo.com/article/buying-family-income-benefit-for-family-protection#comments Tue, 14 Aug 2007 10:25:01 +0000 family income benefitlife insurance policybenefit paymentbenefit plantraditional life insurancelife insurance planconventional life http://www.artwoo.com/article/buying-family-income-benefit-for-family-protection Family Income Benefit policy can be an excellent alternative.

This lesser known type of financial protection plan is typically cheaper than the average life cover policy, and it can be an excellent way of providing for your family in the event of your death.

How Does Family Income Benefit Work?

Like a traditional , family income benefit provides money for your family; however, these two types of financial protection are quite different. A life insurance policy provides a lump sum when a claim is made, and the value of the lump sum is the same whether the claim is made two years into the policy, or a year before it terminates (assuming it is level cover).

With a family income benefit, the opposite is true. A family income lasts for a fixed amount of time, but if you should die while the plan is live, your family will receive monthly payments up until the policy terminates. If, for example, your plan lasts twenty years, and you die after ten years, your family will receive a monthly payment for the remaining ten years. If you die after 18 years, they receive the same payment for the remaining two years. If you're still alive when the policy terminates, no payments are received. The structure is the main reason why family income benefit is less expensive than insurance.

Who is it for?

This type of income is ideal for young families, and in fact the plan was designed with them in mind. Conventional life insurance isn't always affordable for young families, but the much lower cost of a family income benefit (choosing a family income benefit can halve your monthly premium payments in comparison to a conventional life insurance policy) means it's possible to provide financial protection for your family without compromising your financial security in the present.

Flexible and Tax Free

A family income benefit plan is extremely flexible. You're able to designate any end date for your policy, and can choose how much income your family will receive each month. For example, you can choose to keep your policy in effect until your youngest child finishes school or university, or until they are old enough to be financially independent.

As with conventional insurance policies, family income benefit provides tax-free payments. The policy does not have a cash-in value, however, as there is no investment component involved. Many companies which offer a family income benefit plan also offer a cash option so that the beneficiary can opt for a cash lump sum instead of a series of monthly payments should a claim be made.

Another option is to link your policy to the Retail Prices Index. This means that the cost of living is factored into how much money your family receives each month. If, for example, you buy a policy this year, and your family makes a claim in twelve years, the payments they receive will be adjusted upwards in line with the increased cost of living. This ensures that your policy will continue to hold its value, and will remain capable of meeting your family's financial needs regardless of when the claim is made.

Insuring your family's financial future is important so it's vital to know what you need and get it right. If you are unsure, it's highly recommended to consult a regulated financial adviser who can find the best policy for you based upon your specific needs and budget. Pay less for exactly the same life insurance policy at http://www.life-saver.co.uk. Compare discounted quotes from up to 20 leading UK insurance companies in seconds. ]]> Advantages Of Whole Life Insurance http://www.artwoo.com/article/advantages-of-whole-life-insurance http://www.artwoo.com/article/advantages-of-whole-life-insurance#comments Sat, 10 Jun 2006 03:32:08 +0000 life insurance policylife insurance policiesfederal income taxesterm life insurancesdeath benefitdividendspremiums http://www.artwoo.com/article/advantages-of-whole-life-insurance life insurance policy covers one's entire life. This is much in demand because of its ability to provide financial protection and accrue cash value and pay to the insured. In other terms, you can say it as an investment, that you make to secure your future build up finance that helps you in your indigence.

Taking a whole life insurance policy leads to a number of benefits and advantages. Few of them are listed below.

1. The first advantage is The . The whole life insurance policy guarantees you the death benefit that never decreases. Moreover no are charged upon death. And if you desire, death benefit can be taken as a monthly income instead of a lump sum.

2. Consistency of premium level. Unlike term life insurance's , which increase at the time of renewal, the premium you pay in whole life insurance remains consistent. There's no increase. However, use of dividends can minimize the premiums that you pay and contracted for.

3. "Cash value" is another beneficial feature of whole life insurance. Unlike other , whole life insurance policy accumulates the useable cash reserves. This increase as one pays premiums and also accumulates tax deferred. And if you decide to surrender the policy, you receive your cash values.

4. Participation in whole life insurance policy earns you the dividends. You are eligible to earn dividends if you own a participating whole life insurance policy. You receive this dividends in cash, which you can further use to either purchase a paid up additions, to minimize premiums or you can keep it within the policy to generate interest.

These advantages of whole life insurance policy are really worthwhile. If you are not confident you should consult an expert before taking up any policy. We offer the best life insurance information online source. Check it out on http://www.leandernet.com/Life_insurance/Life_insurance.php">http://www.leandernet.com/Life_insurance/Life_insurance.php . All about life insurance on LeanderNet - http://www.leandernet.com ]]> Cash Flow Questions - Improving Your Business Cash Flow? http://www.artwoo.com/article/cash-flow-questions-improving-your-business-cash-flow http://www.artwoo.com/article/cash-flow-questions-improving-your-business-cash-flow#comments Sun, 27 Aug 2006 16:27:13 +0000 business cash flowcash inflowinvaluablesustaincash balancetype businessadditional equipment http://www.artwoo.com/article/cash-flow-questions-improving-your-business-cash-flow
Basically, the profit that you get from your business is considered to be your savings and may be used to fund other things such as loans and mortgages. However, in cases where you plan to expand your business, you can utilize the profit that you have earned.

As to how much profit you will allot to your business, it will depend on the expansion you have planned. Things such as (particularly in a production-) and personnel should be taken into consideration. After you have determined these things, you can now calculate the total cost you will incur from such expansion. You can now decide on the percentage of the profit that will go back to your business.

* My business is experiencing fast growth. How can I make sure my cash flow can that growth?

There are basic rules for making sure your cash flow can sustain the growth of your business. These are discussed in the following:

1. Make sure your cash flow is updated with changes that happen in your business. Since your business is expanding, it is imperative that you have a good grasp of your and outflow.

2. Always watch your . Do not neglect this. Although your business is growing, there will be instances when you need additional capital to finance your expenditures. Remember that your cash balance is part of your cash outflow.

3. Determine if your cash inflow, whatever your time table may be, is enough to sustain your growing business.

4. Use a professional such as an accoutant to help you with your cash flow. Although an expense, his or her expertise can be and save you money in the end.

* What are some ways I can improve my ?

It is important that you consider your business' cash flow. Remember that the progress of your business is dependent upon how well you manage your cash inflow and cash outflow. Here are some ideas for you to improve your cash flow.

1. Create an automated system that will bill your projects on a regular basis. It is very easy to fall behind if you do not automate this task. As the owner of your business, you are so busy building your business and making deadlines that you may not get around to billing. You may put it off. It can cause penalties for due payments. If you are taking a long-term project, it is best that you discuss in advance regular payments rather than one lump sum due at completion of a contract.

2. You should consider offering your clients a discount for quick payments. Giving incentives is one strategy that is relatively effective in improving your business' cash flow.

3. If you want to avoid cash flow problems, having fast-paying clients is your ultimate goal. Check the credit references of your clients. Contact the businesses these individuals have dealt with in the past.

4. In case you are still financing your business from capital you have borrowed, it is often best to consider consolidating your loans. Debt consolidation can give you lower-interest payments that will help you avoid cramming on monthly obligations with your suppliers and staff.

* How can I use factoring to improve my cash flow?

Factoring is a form of loan which advances money to a company as it issues new invoices. It is quite helpful in improving your cash flow because you can borrow a certain amount that grows with your sales. It enables you to fund possible expansions of your business since you need to pay your suppliers before you receive payments from your clients.

In addition, there are no assets that will be charged against you to secure the funding. You will be able to maximize available funds that you have, thus helping you improve your business' cash flow. Charly Applegate is a regular contributor to cash flow and fuding-related resources such as http://www.CashFlowIndex.com ]]> Life Insurance Basics http://www.artwoo.com/article/life-insurance-basics http://www.artwoo.com/article/life-insurance-basics#comments Tue, 16 May 2006 15:32:05 +0000 term life insurancelife insurance policytax deferredlump sumdownsidepremiumsborrow http://www.artwoo.com/article/life-insurance-basics
One type of is called "Whole Life Insurance", this type of life insurance is effective provided you continue to make the monthly payments upon the premium. This is a very popular type of life insurance because it allows you to build a cash value on the policy and is on a basis that is tax-deferred. The way this works is that a portion of the premium you are paying is put into an account of savings that the policy invests into. All interest that is earned upon the policy is put into the savings and helps to build the cash value. Once the cash value reaches a higher level, you could be required to pay the premium after age or you could be allowed to against that cash value.

Another attractive benefit of having a whole life insurance policy is that your premium will always remain the same. At no time will the amount change at all, therefore as long as you continue to pay the premium each month, you will remain at the same amount for the entire time. If you choose to take a loan out on the cash value you have earned, the only difference you will have to pay is paying back that loan. One to this policy is the fact that you will have no control whatsoever over how the company chooses to invest the dollars you pay on your premium.

Another type of life insurance is the policy. This policy is selected for a specified amount of time. If you should happen to pass away during the term of this specified time, then your family would then receive payment in the form of a as the contract specifies. Typically, the upon this type of policy is far cheaper than other types and it does not allow you to build any type of cash value. With this type of life insurance, your premium can change or increase on a yearly basis and it generally does increase each year. It is the more expensive type of insurance that is available however it will provided your family with complete protection in the event of your death. Tim Renolds is a wirter for the http://www.loan-source.co.uk website. Tim enjoys writitng on many finance related subjects. ]]> Term Life Insurance -- Is The Cheapest Coverage The Best For You? http://www.artwoo.com/article/term-life-insurance-is-the-cheapest-coverage-the-best-for-you http://www.artwoo.com/article/term-life-insurance-is-the-cheapest-coverage-the-best-for-you#comments Wed, 27 Dec 2006 00:27:22 +0000 term life insurancedecreasing term life insurancelife insurance policylife insurance policieslevel term life insurancebasic life insurancegroup term life insurance http://www.artwoo.com/article/term-life-insurance-is-the-cheapest-coverage-the-best-for-you Term Life Insurance -- Is The Cheapest Coverage The Best For You?

Many internet searches reveal that you can get free term life insurance quotes and premiums that are up to 70% off. With so many options available, is it always in your best interest to get the cheapest term life insurance coverage? And what does "up to 70% off your term life insurance" really mean?

Cost effective term life insurance is simply that pays out a lump sum after your death. The premiums for these polices are generally low because the policies are like your house insurance; there is no cash value. There are two basic types of term life insurance -- and , but decreasing term life insurance is gradually being phased out.

What is Term Life Insurance?

Level term are not as cheap as decreasing term life insurance but do a better job of protecting you. Both of these life insurance policies have many similarities. The reason for the different price structures are that level term life insurance policies, owned by you, can pay off your mortgage and still leave a pay out for your family. The you buy through your bank, has a decreasing balance but keeps the same premium. A cheap decreasing term pays only the bank a lump sum to clear your mortgage; it doesn't leave any money to pay those you leave behind.

Term Life Insurance - Mortgage Priorities

If paying off your mortgage is your priority, then you should look to level term life insurance. You might have a 20 year mortgage but a 10 year level term life insurance policy. As you will need to renew the term life insurance policy at the 10th anniversary, you might want to consider making it a 20 year term life insurance policy. Ivon T. Hughes of the Hughes Trustco Group is a licensed Insurance Broker. Author of The Life Insurance Handbook. Get a FREE Copy TODAY! Email:info@trustco.ca Web:http://www.hughestrustco.com ]]> Making A Rational Decision About A Structured Settlement Annuity http://www.artwoo.com/article/making-a-rational-decision-about-a-structured-settlement-annuity http://www.artwoo.com/article/making-a-rational-decision-about-a-structured-settlement-annuity#comments Wed, 27 Sep 2006 12:27:07 +0000 life annuityannuitiesbeneficiarystructured settlementsrational decisionsheer volumeaghast http://www.artwoo.com/article/making-a-rational-decision-about-a-structured-settlement-annuity aghast by the of e-mails, web sites, tv and journal advertising and legal talk when considering the issue of or . We will investigate what, exactly, a structured settlement is so that you are better able to understand the concept and be able to make a .

To begin, let's explore just what a structured settlement is. It is simply a series of guaranteed disbursals - also known as annuities - made over a certain period of time and is usually the result of an injury settlement or another situation in which you are awarded access to a substantial whole amount of money. It is the alternative to accepting an upfront lump sum.

Structured settlements are individualized arrangements meant to help you cover present and forthcoming expenses. By working closely with an experienced attorney or financial advisor you can determine an effective structured settlement to give you the security of a fixed income over a set period of time. This can help you sleep better at night by taking a huge burden off your back.

There are various types of these annuities. You can learn more about them over at http://www.fixmyannuity.com, but here is a brief explanation of each. This is by no means a complete list, but should give you a fair idea of what is out there:

A certain Period Annuity has a certain period of time for the payments to be paid out. They can be made monthly, quarterly, semi-annually or annually. Upon your death, all remaining payments are made to you .

A will make periodic contributions for a guaranteed number of years (based on your life expectancy) or for life, whichever is up first. Again, the beneficiary receives any remaining disbursals should you die before the full whole amount is paid.

A Temporary Life Annuity will pay you for a designated number of years if you are still living, so your annuity ends when you die. There's no provision for a beneficiary to collect remaining disbursals.

In a Life Contingent Lump Sum you'll receive a lump sum, provided you are alive on the due date. If you die before this date, your beneficiary is not entitled to the whole amount.

Finally, with Lump Sum Option you can set it up to receive the lump sum on a particular date, say, fifteen years from now. Your beneficiary will receive the lump sum on the future date if you have died before then.

So which type is right for you? The best advice we can offer is to do your fact-finding work. Discuss your situation with your financial advisor and family. That way when you make the decision you'll know what your getting and have considered all the options. Yvonne Volante, the author, is a big fan of annuities and proper planning and writes for fixmyannuity.com, which is the premier annuity resource on the internet. You can see all of the articles over at http://www.fixmyannuity.com ]]> Mammogram - Will a Mammogram Save Your Life? http://www.artwoo.com/article/mammogram-will-a-mammogram-save-your-life http://www.artwoo.com/article/mammogram-will-a-mammogram-save-your-life#comments Fri, 11 Jul 2008 07:29:21 +0000 breast cancer epidemicdiagnostic mammographylump in the breastdigital mammographycancer guidelinesspecialist nursesultrasound scan http://www.artwoo.com/article/mammogram-will-a-mammogram-save-your-life
A mammogram can help to detect breast cancer at the earliest stage and it's an important part of our fight against the . Mammography has been available to women for decades now - and yet even in countries like the UK where these tests are available to all women for free, there is still not full participation by all women in the screening programs.

Some of these tests are performed when there is nothing at all to find on breast examination - no lumps and no suspicious problem areas. This is called a screening mammogram. In some countries these screening tests are offered on a mobile basis - with a large truck staffed by and doctors and with all the necessary gear turning up at a supermarket or at a factory and providing all that is needed for a drop in one stop shop approach.

The other kind of mammogram is called a diagnostic mammogram and this is done when a screening test shows a suspicious area or when the person is aware of a or of some other symptom that could relate to breast cancer. The actual technique of the test is pretty much identical - but extra views or more targetted views might be needed if the test is being done on someone who actually has a lump.

New digital techniques allow the images to be enhanced and make the screening and diagnostic tests easier for doctors to read. is probably more accurate at picking up problems in women under the age of fifty, or for those who have not yet had their menopause.

The latest versions of breast say that if a woman over the age or thirty discovers a lump in the breast then both a test and an of the breast should be performed. Ultrasound is a good test to show if a lump is solid or full of fluid - like a simple cyst might be for example. A lump with fluid in it looks dark or black on ultrasound - a solid area looks white because of the way that the sound waves from the ultrasound bounce off it.


When a breast mass is solid, its alignment and shape provide clues as to whether it is benign or cancerous. Usually a benign mass is horizontally aligned with smooth borders, while one that is malignant is vertically aligned with irregular borders. The nature of a solid mass can be clarified by performing an image-guided core-needle biopsy. During this procedure, ultrasound or mammography is used to help a radiologist extract a tissue sample from the mass with a needle. A pathologist evaluates the sample.

But ... for some women who have found a lump in the breast, both the mammogram and the ultrasound might be normal. This is obviously good news but if the lump persists then doctors advise having repeated checks - and in rare cases, if the lump is still present after a month or two - a minor operation to remove it or biopsy it should be performed.

Mammograms and breast ultrasound can save lives. So can self examination of the breasts. When did you last check yourself? Are you breast aware?Marjory is a breast cancer survivor who has blogged her experiences about the symptoms of breast cancer and about breast cancer treatments.You can read more about her experiences and join in breast cancer discussion on http://www.twinkletwinkles.com]]> Critical Illness Cover http://www.artwoo.com/article/critical-illness-cover http://www.artwoo.com/article/critical-illness-cover#comments Sun, 31 Dec 2006 08:27:06 +0000 critical illness covermultiple sclerosiscontactdiagnosiskidney failurecash lump sumcoronary artery bypass surgery http://www.artwoo.com/article/critical-illness-cover Critical Illness Cover in the UK pays out a tax free upon of a specific critical illness such as heart attack, cancer, stroke, major organ transplant, , , total permanent disability and . You should always take time to read the Critical Illness Cover Key Features document for specific details of all the critical illnesses covered and for any exclusions i.e. HIV/AIDS or self inflicted injury.

Critical Illness Cover in the UK can usually be taken out either in a sole person's name or in joint names.

Critical Illness Cover can usually be taken out for a specific term or for whole of life depending upon the purpose of the cover.

Critical Illness Cover is either taken out within a policy which pays out on either the death of the life assured or on earlier diagnosis of a critical illness or just upon diagnosis of a critical illness.

The premium to cover the cost of critical illness cover in the UK is usually either taken monthly or annually and the premium is either guaranteed to remain unchanged for the term of the policy or reviewable in say five years.

Critical Illness Cover is often taken out to repay in full a liability such as a mortgage or a loan upon diagnosis of a specific critical illness or to provide a lump sum to make life more comfortable for the person with the critical illness and the family.

The cost of providing Critical Illness Cover in the UK is normally based upon factors such as age, sex, health, term, smoking status, amount of cover and family medical history.

Critical Illness Cover in the UK is available from many insurance companies-please a financial adviser for advice about taking out such cover. Alan Hope runs a lifestyle management and concierge service business for both UL and Overseas clients. Visit his website at http://www.arrangeitlifestylemanagement.co.uk/id186.html ]]>