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Similar to payday loans, these are short-term high-interest loans using the borrower’s vehicle as collateral. Borrowers who get title loans allow the lender to place a lien against their car’s title and must surrender the hard copy of said title to the lender. If the loan is repaid in time, the lien is removed from the car title and the title is returned. If the borrower is unable to pay (defaults)…

Faller, Benjamin D. “Payday Loan Solutions: Slaying the Hydra (and Keeping it dead.) (Cover Story).” Case Western Reserve Law Review 59.1 (2008): 125-160. Academic Search Complete. Web. 1 Apr.2015. In the Article “Payday Loan Solutions: Slaying the Hydra (and keeping it dead,) (Cover Story,)” Benjamin D. Faller begins his article by giving a different back-story as to how payday lending or is critiqued. Faller writes his article to focus on the “larger scale” (126) of payday lending because he…

cheap payday loans. Payday loans are cash advances that are given for a relatively short-term, from one to two weeks. These loans are usually quite small, from $100 up…

of redlining. The new requirements enforced by Fannie Mae subsequently lead to lending institutions lowering their standards on granting loans and charging higher interest rates on loans. This in turn meant that technically Fannie Mae pushed lending institutions into a position of granting subprime loans and therefore had to accept lower standards on the loans it purchased off mortgage originators. This is where subprime lending began, eventually growing larger and larger until the property…

But sometimes due to your poor credit and finances, you feel left out of Jax's dynamic loop. Hopefully, by the time you get done reading about Platinum Lending and title loans in Jacksonville, you'll feel like you can be a part of life in in the city again. Maybe you want to create your own consolidation loan with a title loan. Or maybe you want to finally pay of that bill for the visit you took to the doc in the box last year. Or maybe you'd like the chance to rebuild your credit after a…

the first blog I made for this topic. Read it at: https://danielines.wordpress.com/2016/01/05/the-top-misconceptions-of-buyers/ I ONLY NEED DOWNPAYMENT TO BUY A HOME There's still a lot of home buyers who thought that after making sure that their loan is approved, they only need down payment money to buy a home. This is incorrect as there are other costs associated with home buying. Some of these home buying costs includes: •…

clamp down on the mortgage qualification process. Prior to the great recession, it was easy for borrowers to qualify for no down payment home loans and 100 percent financing. Today, the tide has drastically changed and loans with no down payment requirements are hard to come by. However, it is not impossible to find a lender willing to finance an entire loan without a down payment. Low and No Money Down Mortgages It is a common misconception among many potential borrowers that all banks…

Jumbo Loans A home loan that exceeds the conforming limits is known as a Jumbo mortgage. In most parts of the United States, the Jumbo loan limit is $417,000 while in other high-cost areas like Alaska and Hawaii it is usually $625,000. Jumbo loans are different from conforming loans in that they require higher interest rates due to the large amount of financing they offer. Eligibility for a Jumbo loan Jumbo loans generally require higher down payments. The down payments however, vary with the…

If you are interested to pursue real estate as a business then you must know how to flip houses. With the economic crisis still happening on a global scale without a definite time when it will all be over, flipping has also become a rampant and profitable venture in real estate. Most experts said that the real estate is one of the industries heavily affected by the amassing financial crisis. But the truth is that all it takes is some smarts and good business networks to continue benefiting from…

today's mortgage rates continue to be low, there are many buyers not able to qualify for home loans. Past credit histories, student loans, and other issues pose roadblocks that are difficult to overcome. However, one option buyers can use to finance a home is an FHA loan. If you've been told you don't qualify for a conventional loan, it may be time to carefully explore the many advantages of an FHA 203(b) loan. Credit Scores, Down Payments, and Qualifying for a Mortgage in Today's Market…