Loans Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Car Loans - Shop Around, Compare Offers, and Watch The Small Print


Getting a loan to buy your new car is, you would probably think, straightforward. However, there are a few apparently small variations which can be actually cost you a lot of money. So, it is worthwhile checking any loan offer, including the small print, for details that may distinguish the desirability of one loan over another.

In the US, about 90% of all auto loan offers are based on simple interest. A simple interest loan means that the interest is computed only on the original principal of the loan. There are some lenders who are offering loans which are not simple interest. It is best never to agree to an auto loan that is not a simple interest loan.

Another thing to bear in mind when considering an auto loan is pre-payment penalties. If such a penalty is built into the loan contract, the lender will penalize you, by charging a fee, if you pay the loan off early, whether through refinancing or by any other means.

So, if you think it is likely you will want to refinance at some time during the life of the car loan, this is clearly an important consideration. Remember, it is always easiest and least costly, when refinancing a simple interest auto loan with no prepayment penalties.

Avoid a Pre-Computed Auto Loan

Some lenders offer auto loans that are not simple interest loans at all, but pre-computed loans. These types of loans may be "sold" especially by smaller lenders and car dealers. The people pushing these finance deals often target high risk borrowers, or quite simply the ignorant. If you have read this, you are no longer ignorant, even if you were, but if you are a high risk borrower, then watch out for these auto deals on loans. Here are the reasons:

1. If you sign on the dotted line for this type of car loan, you are legally committed to paying back the full principal balance of the loan as well as the total amount of all interest that would accrue over the life of the loan.

2. If you agree to such a pre-computed auto loan, and then wish to pay it off early, either through refinancing or another means, the lender will usually use an outdated and expensive formula, known as the rule of 78s', to calculate a rebate of finance charges. Through this rebate you will pay a very hefty fee for paying the loan off early.

This type of loan allows the lender to apply more of the payment to interest and less to the principal balance of the loan. A pre-computed auto loan allows the lender to collect the majority of the interest due during the first half of the loan repayment period.

Shop Around For The Best Offer

If the first lender that you speak to is not offering a simple interest auto loan, with no pre-payment penalties, at a competitive interest rate, then you would be wise to walk away. There are many other lenders keen to compete for your car loan financing.

With record low interest rates, and the global lenders marketplace being created by the internet, there is a very competitive lending market. In other words, it's a buyer's market! And you, fortunately, are a buyer. Have a good shop around for the best deal: newspaper ads, internet, your bank, and the auto dealer. When checking with the auto dealer, remember to take into account any trade off between loan and price of the auto.

Also, remember not to just compare interest rates, but to look for hidden fees and transfer balances that my not be apparent at first glance. By thoroughly investigating all of your options, you should get the auto loan that is best for you now and, just as importantly, into the future!

This car loan article was written by Roy Thomsitt, owner of http://www.eliminate-credit-card-debt-now.com


MORE RESOURCES:
Freddie Mac is now offering renovation loans  Washington Post

Freddie Mac is joining the renovation loan space. While the Federal Housing Administration and Fannie Mae have had programs that allow borrowers to wrap ...


Married to debt: Couples are taking out loans to pay for their weddings  The Washington Post

Skyler Ramirez has a loan for his house, his car — and now his fiancee's engagement ring. The 26-year-old had already picked out the diamond solitaire from ...


Miami Firm Increases Fund For Delinquent Commercial Loans by $100 Million  Forbes

While a recession doesn't seem likely in the near future, there are some indicators that now is the right time to set up distressed loan fund, Serrano said.


How to defer student loans to pause your payments for months or years at a time  Business Insider

When you defer student loans, you agree with your lender to put your payments on pause for a set period of time while remaining in good standing.


Saddled with big student loans? These companies help employees pay off school debt.  The Philadelphia Inquirer

To attract and retain millennial hires, employers are offering to help pay their student loans.


Should I Pay Off My Credit Cards or Student Loans?  Yahoo Finance

You might think the answer is obvious, but it's more complicated than it seems.


5 Ways To Fix Student Loans  Forbes

Here are 5 ways to make student loans more manageable.


No Closing Cost Mortgage Loans  NerdWallet

A no closing cost mortgage reduces out of pocket payments at loan signing but can cost you thousands of dollars if this is your forever home.


These 2020 Presidential Candidates Want To Cancel Your Student Loan Debt And Make College Free  Forbes

President Donald Trump speaks to supporters as he formally announced his 2020 re-election bid Tuesday, June 18, 2019, in Orlando, Fla. Photo credit: ...


Lawsuit alleges the government is illegally garnishing tax refunds of student-loan borrowers  MarketWatch

The government is accused of unlawfully collecting on student loans held by defrauded borrowers.


Thu 8 AM | The Ongoing Fight Over Payday Loans  Jefferson Public Radio

Barbara Ehrenreich observed in "Nickel and Dimed" that being poor costs you money. Not having things like apartment deposits can consign you to more.


Local Motion to provide e-bike loans  vtdigger.org

News Release — Local Motion June 11, 2019. Contact: Ross Saxton Email: ross@localmotion.org. Phone: 802-861-2700 ext. 105 ...


Trying to save money on buying a car? Shop for a loan first  USA TODAY

With the cost to own a new vehicle rising, it's more important than ever to consider what you'll pay for a car loan and to shop for the best interest rate.


Little question that Quicken Loans notched a big win in bad loans case  Detroit Free Press

It's hard to read last week's resolution of the U.S. Justice Department's "bad loans" case against Quicken Loans as anything but a big win for Quicken.


How to Use Crowdfunding to Pay Off Student Loans  U.S. News & World Report

If you set realistic goals and promote your campaign, you may be able to raise money to pay off your student loan debt.


Life and Debt Question: Are Bank Loans More Pricey Than Bonds?  Knowledge@Wharton

In his latest research, Wharton's Michael Schwert uses a novel data set to examine the pricing of bank loans relative to capital market debt.


Should I Use a Personal Loan to Pay for My Divorce?  Yahoo Finance

When you and your spouse part ways, you need to be prepared for the price tag that goes along with the dissolution of a marriage.


Art Institute's former students were promised to get their debt erased. It's not happening  AZCentral

Students who attended the now-shuttered Art Institute of Phoenix can't get tens of thousands of dollars in student loans erased by their loan companies, despite ...


Local woman wins student loan money using free trivia app  WPTV.com

Using a trivia app, a local woman won $11000 that can go toward paying off student debt.


Can Commercial Real Estate Loan Rates Help Your Business Save?  Nav

Some commercial real estate loan rates are as low as 3.9%, but it depends on the type of loan you're getting, the term of the loan, and other factors.


ITT Tech students eligible for loan relief in new settlement  WLS-TV

Illinois Attorney General Lisa Madigan, along with 44 other attorneys general, sued student loan company CU Connect after ITT Tech closed its doors in 2016, ...


SBA disaster recovery loans aren't just for businesses  KRMG

TULSA - People who get the packet to apply for disaster relief from the Federal Emergency Management Agency will find a Small Business Administration loan ...


Major Banks to Weigh Environmental Impact in New Shipping Loans  Wall Street Journal

Eleven banks, including Citigroup, France's Société Générale and Norway's DNB, say they will take climate considerations into account when extending new ...


Should I Pay Off Student Loans or Save for a House?  Yahoo Finance

Both are important goals, but it makes sense for one to take priority over the other.


How to use a personal loan for debt consolidation | Mortgage Rates, Mortgage News and Strategy  The Mortgage Reports

Debt consolidation can help millions of Americans who are burdened with high monthly payments on cards and loans. Explore how personal loans can help ...


Quicken Loans Mortgage Services names new executive vice president  HousingWire

Quicken Loans Mortgage Services, the wholesale arm of Quicken Loans, recently appointed Austin Niemiec as the company's new executive vice president.


Why Indian lenders are giving loans to risky customers with low credit scores  Yahoo Finance

CIBIL scores are no longer the only gauge of creditworthiness.


Quicken Loans settles with Federal Housing Authority in fraudulent lending case  CNN

The Justice Department on Friday dismissed a lawsuit against Quicken Loans, after the company agreed to a $32.5 million settlement with the US government.


Employers Mull Offering Student Loan Repayment  Inside Higher Ed

Adding to anecdotal evidence about major companies considering student loan repayment benefits for their employees and new hires, a new survey found that ...


New York Weighs Law to Crack Down on Predatory Loans With 400% Rates  Washington Post

Last year, an array of New York officials, from county clerks to Governor Andrew Cuomo, promised to stop a group of predatory lenders that have been using the ...


Student loan scams are on the rise. Don't fall for them  CNBC

As student loan debt grows, scams do as well. Here's what you need to know.


OCC Rescinds Guidance, Issues 'Core Principles' on Higher-LTV Loan Programs  ABA Banking Journal

Acknowledging banks' efforts to meet the credit needs of residents in distressed communities, the OCC rescinded 2017 guidance on “higher-LTV” loan ...


Quicken Loans agrees to $32.5 million settlement in federal mortgage fraud lawsuit  cleveland.com

Quicken Loans has agreed to pay $32.5 million to settle a years-old lawsuit in which the Justice Department accused the lending company of mortgage fraud.


Freddie Mac announces loan program to fund home renovations  Chron

Mortgage finance company Freddie Mac announced Wednesday it would offer a new type of loan to fund home renovations in a bid to turn the country's aging ...


How should you compare personal loans? Don't just look at interest rates  USA TODAY

When it comes to comparing personal loans, interest rates alone don't tell the whole story. Instead, look at the annual percentage rate.


Group aims to create interest-free student loan fund for Wisconsin college students  Madison.com

Empowering Students for Success, a new nonprofit endeavor of Madison-area activist and entrepreneur Masood Akhtar, aims to provide interest-free loans and ...


5 simple steps to consolidate your debt with a personal loan  USA TODAY

So you've decided that consolidation is your best bet for getting a handle on your debt. Consolidating via a personal loan could mean you'll pay off high-interest ...


Stowe resident accused of multi-million dollar auto loan fraud  vtdigger.org

William Walter McKibbin III, a photo supplied by Vermont State Police. ST. ALBANS – man who was living in Vermont as a car salesman, evading a Michigan ...


Two Finnish ministers have no outstanding loans, Haavisto the biggest housing loan  Helsinki Times

Members of the Finnish government filed their statutory reports about their loans and financial holdings to the Finnish Parliament on Wednesday.


These colleges let students ditch extra loans. But will students pay more in the long run?  USA TODAY

Don't take out another student loan, colleges say. We'll give you money - if you give us a percentage of your income after college. Is it a good deal?


Senators: Let's Eliminate This 'Hidden' Student Loan Tax  Forbes

This 'hidden' student loans tax may be costing you thousands of dollars. These senators want to save you money.


Lender to Forgive $168 Million in Loans of Former ITT Students  Inside Higher Ed

Student CU Connect CUSO, LLC, a company created by credit unions to hold and manage private loans for students at the collapsed ITT Technical Institute, will ...


Slap a cap on high-cost loans  Los Angeles Times

California law restricts how much interest lenders can demand for installment loans under $2,500, but above that amount, the sky's the limit for non-bank lenders.


Bad Loans Still Too High at Eurozone Banks, ECB Warns  WOLF STREET

The bad-debt problem at banks in the Eurozone, an ongoing legacy of cascading loan defaults during the last financial crisis, may have grown smaller overall in ...


Pay Off Student Loans The Smart Way  NPR

Paying off student loans can be a financial nightmare. But if you know how to navigate the system, you can find a payment plan that's more affordable. Plus, if ...


Loan Market Splits Between ‘Haves and Have-Nots’  The Wall Street Journal

Some lower-rated businesses are being forced to pay up to complete new debt offerings even as others attract robust demand for their bonds and loans, a sign ...


With $30k In Student Loans and No Job, Pennsylvania Man Joins Other Graduates By Leaving U.S. to Avoid Debt  Newsweek

Faced with crippling student loan debt, a Pennslyvania man chose to leave the United States to avoid paying on his balance. Chad Albright told the York Daily ...


The central role of free college and loan forgiveness in the Democratic primary  Brookings Institution

There are many reasons why college affordability and student debt have become real concerns.


2020 Election: The Student Loans Issues  NerdWallet

2020 presidential candidates are taking a stand on issues around multiple student loans and paying for college. Here's how these proposals may affect you.


Lawmakers seek change in teacher loan program  WEAU

A bipartisan group of Wisconsin lawmakers wants to expand eligibility for a forgivable loan program for trainee teachers from minority communities after changes ...


Feeble returns from CMBS force investors into ‘hairier’ loans  Financial Times

Packages of real-estate loans are hitting the US market at the fastest rate in a decade as investors step up their search for higher returns. A total of $8.4bn of ...


The interest rate on these loans can top 100% in California. Does a 36% cap solve the problem?  Fresno Bee

Loans with high interest rates are the target of AB 539 in California, where lawmakers want to cap rates at 36 percent. The bill continues to allow other lending ...


Regulators Alarmed by Risky Loans, But Don't Know Who Holds Them  Bloomberg

The steady drumbeat of warnings over the surge in risky corporate borrowing is growing louder and louder. Time and again, regulators in the U.S. and Europe ...


China's loans to other countries are causing 'hidden' debt. That may be a problem  CNBC

China's lending to other countries, often shrouded in secrecy, is thought to be higher than the amounts that are officially tracked, resulting in much "hidden debt.


How Quicken Loans lured the PGA to Detroit — and why Tiger Woods still matters  Crain's Detroit Business

Organizers of the inaugural Rocket Mortgage Classic PGA Tour tournament still don't know if Tiger Woods will play the event whose opening round begins June ...


Auto loans hit record, pushing average monthly car payments to all-time highs  CNBC

People buying a new vehicle continue pushing the envelope, borrowing more and, on average, paying more each month for their auto loan.


Beto O’Rourke Plans to Give Minority Americans More Loans  Breitbart

Robert Francis “Beto” O'Rourke told BET viewers Saturday of his plan to expand capital for black American communities.


Leading mortgage lender Quicken Loans sees record loan volumes  CNBC

"We're having record months. This quarter will be the largest quarter in the company's history," Quicken Loans CEO Jay Farner says.


Student Loan Debt Climbs to Record High $1.4 Trillion in 2019  MishTalk

Want to know what's holding back housing and family formation? Look no further than student loans.


U.S. says $168 million ITT for-profit student loans to be forgiven  Reuters

(Reuters) - Former students at ITT Technical Institute will not have to pay $168 million they still owe on private loans from an affiliated lender to attend the ...


Pete Buttigieg Owes $130,000 Of Student Loans - Here's His Plan  Forbes

Here's how Pete Buttigieg, a 2020 presidential candidate, plans to help you repay your student loans.


Elizabeth Warren will introduce legislation to cancel student loan debt for most borrowers  CNBC

Democratic presidential candidate Elizabeth Warren isn't waiting for the election to push forward her sweeping plan to erase the majority of the country's ...


Student-loan borrowers with disabilities will be reimbursed after their Social Security checks were needlessly garnished  MarketWatch

These borrowers will also get more information about their rights, and receive up to $23000.


Facing Ruin, Taxi Drivers to Get $10 Million Break and Loan Safeguards  The New York Times

Lawmakers plan to investigate the city's role in a crisis that devastated the New York City taxi industry and left thousands of cabbies in debt.


Nokia signs €1.5bn loan linked to greenhouse gas emissions  Financial Times

Nokia has committed to a new €1.5bn credit facility, which will bind it to a set of targets for reducing greenhouse gas emissions, in a sign of the growing uptake ...


Wells Fargo agrees to pay $385M to settle car loan lawsuit  ABC News

Wells Fargo has agreed to pay at least $385 million to settle a California lawsuit alleging it signed up thousands of auto loan customers for costly car insurance ...


Why You'll Get Denied for Student Loan Forgiveness  Forbes

Only 1% of student loan forgiveness applicants are actually seeing their loans forgiven - but why? Here's the simple mistakes you need to avoid to make sure ...


Education company Chegg is helping pay down its employees' student loan debt. 'They are creating value for us'  CNBC

Chegg has a new program that will give its employees up to $5000 a year to help pay off student debt. "If they borrowed money and they are creating value for us ...


Lawmakers look to expand eligibility for loan program to diversify teaching pool after drop in applications  Madison.com

After the state Legislature made changes to the Minority Teacher Loan Program in 2015 that limited eligibility, the number of forgivable loans awarded has fallen ...


The Trump Administration Admits It's Denying Housing Loans To DACA Recipients  BuzzFeed News

Secretary Ben Carson denied in congressional testimony earlier this year that the Department of Housing and Urban Development was denying federally ...


Follow these 3 steps to get the best auto loan available  USA TODAY

Let me start by telling you how not to get the best auto loan available. Far too many auto buyers make the mistake of walking into a dealership and focusing all of ...


Opinion | These are loans, not freebies  Livemint

The announcement is in line with the ruling BJP's election manifesto, and underscores PM Modi's resolve to make good on the party's promise to aid ...


Lawsuit says feds improperly seeking loan repayments from Minnesota School of Business and Globe University students  Star Tribune

WASHINGTON – An advocacy group for students with education debt problems has sued the U.S. Department of Education for trying to collect delinquent ...


Collateral-free loans upto ₹50 lakh to be introduced: President  Livemint

NEW DELHI: To improve access to credit, President Ram Nath Kovind today said the government will introduce collateral-free loans upto ₹50 lakh for ...


Texas Will No Longer Suspend Occupational Licenses Over Unpaid Student Loans  Forbes

Checking Twitter can be a source of dread and despair, but on Thursday, Texas Gov. Greg Abbott took to Twitter ​to announce “some good news for those who ...


How Pete Buttigieg's student loans are bringing more attention to the issue of college debt  Indianapolis Star

PROVIDENCE, R.I. — Democratic presidential candidate Pete Buttigieg knows firsthand the burden of six-figure student loan debt. He and his husband, Chasten ...


Your 2019 guide to federal student loan interest rates  USA TODAY

Like any other type of loan, federal student loans eventually need to be repaid with interest. Federal student loans have fixed interest rates, meaning that they ...


Shadow Banking Crisis Raises Risk of Indian Bad-Loan Redux  Bloomberg

Just as India's banks emerge from under a pile of bad loans to large energy, steel and other industrial companies, they are facing a new reckoning from the ...


Student loan refinancing startup Splash Financial raises $4.3 million  TechCrunch

Splash Financial, a Cleveland-based startup that has partnered with the Pentagon Federal Credit Union to refinance student loans, has raised $4.3 million in a ...


Predatory loans and the schools that get students to take them  Big Think

Student debt is a major issue facing Americans. The problem is made worse when factoring the large number of predatory schools that exist. Indeed, just when ...


DeVos aide overseeing student loans quits board amid scrutiny | TheHill  The Hill

Mark Brown, the Education Department appointee who oversees the government's student loan portfolio, resigned from the board of a group that owns some of ...


Warren probes U.S.-backed loan to Kushner family firm  POLITICO

Sen. Elizabeth Warren is calling on government-owned mortgage financier Freddie Mac to provide details on its reported backing of an $800 million loan to the ...


47 States Call On Betsy Devos To Forgive Student Loans For Disabled Veterans  NPR

Attorneys general from 47 states, three U.S. territories and the District of Columbia have asked the Department of Education to make loan discharge for ...


Addressing the $1.5 Trillion in Federal Student Loan Debt  Center For American Progress

Policymakers increasingly recognize the importance of bold ideas to address college affordability. Those ideas include Beyond Tuition, a plan that moves toward ...


Inspector General Finds VA Overcharged Disabled Vets on Home Loans  Military.com

The Department of Veterans Affairs charged nearly 73,000 veterans improper home loan funding fees adding up to $286 million, an error that could result in ...


The fintech app Earnin claims to be a no-fee alternative to payday loans  Vox.com

Earnin promotes itself as a way to "get paid the minute you leave work."


Most Texas workers will no longer lose their occupational license if they default on student loans  The Texas Tribune

A 2018 report from the Texas Tribune found more than 4200 people in the state — including security guards, cosmetologists and pharmacists – were at risk of ...


How to save for retirement and pay your student loans at the same time  CNBC

Who said you had to devote your whole paycheck to squashing student debt or building your savings? Manage both of those goals — and still have enough for ...


This company wants to help shave $6,200 off your student loans  CNBC

Pillar, a new platform, hopes to change the way you pay off your loans through targeted recommendations. The company has raised $5.5 million in seed funding ...


Taxi Medallion Loans  The New York Times

Two lenders to the taxi industry say they acted responsibly when the market demanded it.


Vets Denied VA Home Loans if They Work with Cannabis  Military.com

The Department of Veterans Affairs is denying home loans to veterans if they work in the cannabis industry, according to a letter sent May 23 to VA Secretary ...


Seniors were sold a risk-free retirement with reverse mortgages. Now they face foreclosure.  USA TODAY

Patricia Blair looks over the items left in the basement as she prepares to vacate her second-generation home and move into an apartment. JASPER COLT, USA ...


Americans want a 401K, a great salary, health care and help with student loans, too  USA TODAY

Some companies are offering to help with student loan debt in addition to retirement savings as part of their benefits package.


Democrats take aim at student loan alternative and colleges that offer income-share agreements  Inside Higher Ed

Senator Elizabeth Warren and congressional Democrats question Trump administration's plans to back income-share agreements -- and demand answers from ...


Burger King’s Dystopian Student-Debt Sweepstakes  The Atlantic

The restaurant's contest to pay off student loans is the latest offer to treat the idea of debt relief as a sweepstakes that only a lucky few can win.


Now You Can Get a Loan Just to Pay Your Rent  Lifehacker

From the department of the rent being too damn high comes this report from the Wall Street Journal: Loan companies are now marketing loans specifically to ...


Letters: Elizabeth Warren's plan to reduce student loan debt unfair  South Bend Tribune

In an article on page A11 of The Tribune on June 9 regarding student loan debt, many numbers were given regarding the huge amount of student loans ...


Banks Report Growth in Sour Loans, Led by Credit-Card Debt  The Wall Street Journal

WASHINGTON—Banks reported an annual increase in sour loans led by credit-card debt in the first quarter and a surge in past-due commercial and industrial ...


Morehouse grad from Evans free from student loan debt looks ahead  The Augusta Chronicle

After time to reflect on his good fortune of not having to repay $30000 in student loans, Labert Twiggs Jr. is finding ways to give back to the community while ...


One dead in a shooting in a parking lot of a plaza near Payday Loan in Miami Gardens  Miami Herald

One man died in a shooting outside Payday Loans in Miami Gardens on Sunday afternoon.


home | site map
TIGER MEDIA© 2006