Search

 

 

New Page 1 New Page 1

Informative Articles

YEAR END TAX PLANNING AND PREPARATION FOR BUSINESSES – Tax Tips for 2004
Now is the best time to start thinking about your year end tax planning for your business. These tax strategies can be put into effect by the end of the year and some as late as when the tax return is due. Planning now will save you money and reduce...
Save Money on Taxes - Double Your Income Now With Tax Saving Tips on Deductions
Adding Your First Additional Stream of Income Most new wealth builders currently have a full-time job. After realizing that means “Just ----Over Broke” they commit to quitting their job and starting their own business. The concept is good, but...
Entrepreneurs Ask: What Can a Virtual Assistant Do For Me?
Great question! Freeing your time is an indisputably key element in growing your business! When you delegate tasks to the capable hands of a professional Virtual Assistant (VA), you can quickly and easily refocus your energies on other aspects of...
How To Start Investing For Financial Independence, Part 1
Today, I am going to start a multi-part series about how to go from being a beginning investor to being “financially independent” in a steady and predictable way. At our website, we get tons of e-mails about how do I start, how do I start with...
STARTING A BUSINESS? WHAT NEW (AND EXISTING) BUSINESS OWNERS SHOULD KNOW
Starting a business can be overwhelming enough trying to get up and running but when you think about all the tax requirements, your cup may runneth over. Here is what you must know in order to start your own business on the right foot and avoid...
 
Online Home Equity Loans: A Basic Glossary

Home equity loans can be a great idea for individuals looking to get out of debt or make necessary repairs on their homes. During the process, you will come across a variety of terms and acronyms. We have gathered together some of the basic terms that you come across during your home equity loan. If you have any questions about any of these terms, make sure to consult with your mortgage lender.

Adjustable Rate Mortgage (ARM): This type of mortgage has an interest rate that will change over time. Typically the interest rate will be lower than fixed mortgage products.

Amortization: Loan payments that will cover both principle and interest in one payment. Your lender will likely give you an amortization schedule outlining your payment schedule.

Annual Percentage Rate (APR): This is the cost of credit on a yearly basis.

Appraised Value: An appraiser will determine the value of your home based on experience, market data, and other information.

Cap: This is the limit on how much an interest rate can increase over the life of your loan.

Closing/Closing Costs: This is the final step in the real estate transaction. This would include the delivery of the deed, signing of the notes, and final disbursement of the funds. There will be various fees associated with a closing, such as attorney fees and taxes, that are called closing costs.

Depreciation: An overall loss on a property due to age, physical deterioration, and economic factors.

Discount Point: A buyer can pay the lender a set fee for a lower interest rate. This is usually a percentage of the loan itself.

Equity: This is the amount of money that you have vested in your home. This can be determined by subtracting the lien amount

Associated Websites

Associated Websites

 

Our Blogs are on UK small business and being a UK freelancer or contractor as well as website marketing and web design. If you are a biker we can help with your motor bike insurance.

 

We have a site for contractors  and sites for HomeloansUK and PR-Help. We provide Branding help and offer Free-Marketing-Help and help for IT contractors. For E-commerce information, visit Small-Business-Web. We offer Page Rank Web Links and Cheap Home Loans Direct plus 0-BadDebtLoans and more Cheap Home Loans Direct. Our sites also help with Negotiation of any Personal-Secured-Loans. Our site called Management-Today can help you Innovate-Today, but for more loans go to 1st4HomeLoans.

 

Our HomeLoansUK site is affiliated with Branding and TrafficBuilding sites and Sales technique site. Also on offer is Beauty-Online and FreeNetDesign. If you are a  contractor and need help with a Small-Business-Web then our E-Commerce site is great. If you want Easy-Mortgages or even 1st-4-Tenant-Loans go to 5-Star-Mortgages. We help find Cheap Kitchen Appliances and Low Rate Home Loans. For the IT contractor, EstuaryFinance can refer you to our Online IR35 Compliance site for help with IR35.


from the property's value.

Equity Loan: A loan or line of credit that is based on the amount of equity that you have in your home. Your home is essentially used as collateral.

Fixed Interest Rate: An interest rate that remains constant throughout the life of the loan. A fixed-rate mortgage will have the same interest rate and payments for the length of the loan.

Home Equity Line of Credit: Similar to a home equity loan, but you receive a line of credit that you can draw upon at any time.

Home Equity Loan: A loan based on the amount of equity you have in your home.

Interest: This is the cost for borrowing money.

Interest Rate: This is the percentage of the loan amount that you must add to your principle, for the privilege of borrowing money.

Loan-To-Value Ratio: This is the ratio between the amount of the loan and the actual value of the home. Some loans can give you up to a 125% Loan-To-Value Ratio.

Market Value: This is the price that buyers would be willing to pay for your home, at the present time. This can vary from the actual sale price of the home.

PITI (Principal, Interest, Taxes, and Insurance): This is the usual breakdown for mortgage payments.

Principal: The amount of your original loan before interest was added. John Ross is a freelance author who writes articles about financial loans including: home equity loans company, online home equity loans, and fixed rate home equity loans. The Loanchbox is a user friendly website designed to inform beginners about home equity loans.