Rebuilding Tips: Loan vs. Lease

　

Loan vs. Lease Here's a quick guide to the key differences of using a loan to purchase a vehicle versus leasing it.

Terms

Lease:

Lease terms are usually between 2 to 4 years. Loan: Loan contracts are usually signed for 4 to 6 years.

Type of vehicle

Lease:

The shorter term and lower monthly payment of a lease agreement allow you to drive a new and more expensive vehicle every 2 to 4 years. Loan: Higher monthly payments make driving a new or expensive vehicle every 2 to 4 years unpractical.

Ownership

Lease:

Unless you decide to purchase, you must return the vehicle at the end of the lease. Loan: You own the vehicle.

Up-front costs

Lease:

Up-front costs include a monthly payment, security deposit, down payment, taxes and registration fees. If you take into consideration the total cost of the vehicle and the monthly payment you want, the sum is usually less than the up-front costs of purchasing. Loan: Up-front costs include down payment, taxes, registration fees, and other charges. This amount is usually larger when compared to lease, especially if you want an expensive vehicle with low to moderate monthly payments.

Monthly payments

Lease:

Monthly payments are calculated based on the vehicle's depreciation during the lease term, rent charges, taxes, and other fees. Lease payments are usually lower than loan payments. Loan: Monthly loan payments are based on the total amount of purchase price, plus interest charges, taxes and other fees.

Insurance

Lease:

The insurance premium is usually higher. Loan: The insurance premium is usually lower.

Early termination

Lease:

You are responsible for early termination charges, as stipulated in the lease contract. Loan: You are responsible for paying off the loan.

Vehicle return

Lease:

You need to return the vehicle at the end of the lease. There may be some end-of-lease charges. Loan: You keep the car.

Future value

Lease:

The lessor bears the risk of the vehicle's future market value. Loan: If you decide to sell or trade-in the vehicle at the end of the loan term, the risk is yours.

Maintenance

Lease:

You are responsible for the maintenance of the vehicle during the lease term. Loan: You are responsible for the maintenance of the vehicle.

Mileage

Lease:

Most leases impose a vehicle mileage limit. There will be extra charges if actual mileage exceeds the contract limit when you return the vehicle. Loan: No limit.

Excess wear

Lease:

You might need to pay extra charges when you return the vehicle if the lessor determines that vehicle wear and tear is over the contract limit. Loan: No limit. Like mileage, however, more wear and tear equals lower resale or trade-in value for your vehicle.

End of term Lease: At the end of lease, you can return the vehicle and walk away, lease another vehicle or purchase it for the residual value. Loan: The vehicle is yours.



For more financial education visit www.rebuildingyourfuture.com

Do I need an Agent to Buy a House

Buying a house is a tricky process made complicated by the local housing regulations, changing market prices and the attitudes of the sellers. Because of these inherent factors that complicate the buying and selling of real estate properties, many investors and first-time property buyers get the services of real estate agents to simplify the process. 

The common understanding is that since these professionals have the experience and education, then they can help simplify the process. So is it time to tap into the services of a real estate agent should you decide to buy your own residential property?

If you are willing to do the legwork and you want to save up on the broker fees, then it’s best to represent yourself. There is no need to worry about insider information and  market data like real estate listings and median sales prices for certain properties since most of these details are now available on the web. 

There are also a number of websites that offer detailed and in-depth resources on how to approach a property for sale. In short, even if you are not trained in the business you can now easily tap into the market and purchase the property that you want. But this approach can be risky and labor-intensive and you have to make the right decisions every step of the way. If you want to lessen the risk and make informed decisions, then it’s best to get the help of an agent for a fee. The services may come for a fee but you can be sure of informed decisions every step of the way.

If you would like to know more about the home buying process, visit www.rebuildingyourfuture.com

What is Considered an Average Credit Score?

The three major credit bureaus in the United States—Experian, TransUnion, and Equifax—use their own version of the FICO score in calculating a person’s credit score. Since scoring systems of every credit bureau are slightly different, a single individual can have different scores. To avoid confusion, most lenders use the person’s middle score for reference.

The factors that affect your credit score are the following:

• Payment history

• Outstanding debt

• Length of the credit history

• Type of credit received

• Frequency of new credit applications

Your payment history accounts for 35% while your outstanding debt makes up 30% of your score.

Average credit scores based on FICO Score

If you want to know your average credit score, you have to factor in the total value of all your credit scores and divide it with the number of scores you’ve ordered. The FICO score provider, on the other hand, makes use of a scale ranging from 300 to 850. A score of 320 can be very disappointing while a credit score that’s between 850-900 seems to be very healthy. The average credit score is 678, though many lenders consider those scores that are around 670’s reasonable.

However, you have to bear in mind that what’s considered as an average credit score in some states may not be of great use in other states, so it’s advisable that you strive to get a reasonably high score. This way, you’ll have better chances of getting approved for any loan or credit card application. You can also have access to the best deals and offers the lenders may give.

More tips on how to rebuild your credit visit, www.rebuildingyourfuture.com

Rebuild Credit After Foreclosure

The real estate business in the United States is one of the industries that are greatly affected by the country’s economic downturn. This is the reason millions of Americans have experienced either short sales or foreclosure. If you’re one of them, you might have headaches thinking how you can rebuild your credit score after a foreclosure. Here’s what you need to do:

1.         Find out what causes the foreclosure.

It will be easy for you to solve the problem if you know what leads you to foreclosure. It’s important to understand why it happened and what can you do to prevent it from happening again.

2.         Check your credit report for inaccuracies.

Every year, you’ll get a free credit report from the three national credit bureaus. Get your copy and review it thoroughly. Should you discover errors or any inaccuracy, dispute it. If you noticed old and unsettled debts, pay them so they won’t be dragging down your score.

3.         Avoid late payments.

Your payment history has the greatest weight in your FICO score. Hence, it is important that you settle your bills on time. If after several years, your report or history shows that you’re already capable of paying all your bills and owning a home that means you’ve already recovered from all the circumstances caused by the past foreclosure.

4.         Change your spending habits.

Start budgeting your income now, as it can help alleviate financial stress. Budgeting means making decisions about how you’re going to spend your money. Start adjusting your spending habits and make sure you stick to your budget.

More tips on how to rebuild your credit visit, www.rebuildingyourfuture.com

How to stop eviction in Massachusetts

Not five but four guaranteed guides to stop eviction in Massachusetts

1.    Read over your lease and if the rent is due on the first of the month? Pay on the first day of the month!!!!!

2.     How can you make sure you have the money to pay on the first of the month?

Do not wait until the first of the month to find funds to pay the rent.

Yes it’s magic to have the the rent on the due date and stop eviction in Massachusetts

Example:  You receive a weekly payment of $500 from your employer.

Rent is $1000 per month and today's date is January 1, 2013

Week one: save $250 from the weekly check of $500

Week two: repeat step one

Week three: repeat step two

Week four: repeat step one, two or three the choice is yours.

Abra Cadabra $1000 to hand over to the landlord on February 1, 2013

3.   If you are late on your monthly obligation and you decide you want to Facebook-ball (a.k.a living a façade in social media)  stop and think! There’s a small chance that your landlord also has access to Facebook and doesn’t appreciate you spending his/her money at cheesecake factory.

4.   Do not tell your landlord that you are a Kansas City Chiefs fan and you don’t miss any of their games! This might tip him off that you subscribe to the NFL Sunday ticket on direct TV and paying the rent late.

More tips on How to stop eviction in Massachusetts and becoming  a responsible adult, visit www.rebuildingyourfuture.com

Learn How to Overcome Negative Thoughts

Negative thoughts are powerful mental illusions that lead to a myriad of harmful effects. From disabling our human body to function well up to ruining our personal life and professional career --- negative thoughts are indeed unbeneficial. When your mind is being filled with this kind of thoughts, you are doomed. But there are ways on how to overcome negative thoughts. They might seem so powerful, but do not forget that you are mightier because you can control your way of thinking.

Do not fret if you are a negative thinker. There are solutions to your problem. Simple but effective ways on how to get over negative thoughts are just around the corner. They are just waiting for your initiative to start dealing with the real situation.

Smile is a very powerful tool to fight negative thoughts. Stretch those muscles in your lips and you will feel a little better. A smile is an indication of lightness. If you will always greet the day with a pleasant smile, there are a lot of things and people who will smile back at you. It is a genuine way of showing simple happiness. Avoid frowning because it will only make you grumpy.

Make friends with positive people. Socialize and interact with them from time to time. By doing this, you are letting your mind to unwind with all the disturbing thoughts that you have. Surrounding yourself with optimistic friends will definitely attract positive energy. Talk to them, laugh with them, and you'll see that something will change. The world will seem to be a happy place to live in.

When you are in trouble, don't just sit in the corner and don't boggle your mind with what ifs and what to do's. This will only worsen the situation. When negative thoughts start to penetrate, do something that makes you feel good. You can sing or dance or play an instrument. Just do this passion to wash away the negativity. When you feel better, you may start thinking of possible solutions for the problem.

Be kind to yourself. This is the most effective way to overcome negative thoughts. You are not perfect so you are entitled to common mistakes. But be sure to take responsibility in making things right. Don't dwell on the thought that you are a failure or a loser. Everyone experiences doing something wrong. And it is not the end of the world. Be courageous in facing the world and you will have a happier life.

If you want to be a part of the 3% of the world that thinks positively? visit, http://www.buildingmyownfuture.com Article 

Article Source: http://EzineArticles.com/7220042

Why a Piecework From Home Job Is Better Than an Hourly Job?

A piecework from home job or piecework job is when the worker gets paid for every piece he or she completed. This is different from hourly rate when the worker gets paid per hour or per day regardless of the amount of work he or she accomplishes. What's good about this type of job is that you can maximize your time and complete as many tasks as you can while getting paid based on your performance. If you truly need the money it will motivate you to do more work. If you are passionate and skilled in the job you choose it will only benefit you.

Just as with anything, there is also a down side, if you don't have the drive and focus to do the work you will not get paid. When committing to a piecework job opportunity you must do just that, commit. Otherwise it will be a waste of your precious time and a waste of the opportunity. Piecework has a direct correlation between your input and output. Meaning that you will get as much benefit out of it as effort you put into it. You will be in essence writing your own paycheck and decide how much you want to make each week.

There are several types of piecework from home jobs. In UK, piecework is commonly used in textile or garments industry where the worker gets paid for every piece he or she completed. Assembly work and craft work are also paid per piece. Online, piecework includes writing or blogging. A writer gets paid between $2 and $50 per piece depending on the company.

Other internet freelance jobs such as web designing, programming, graphic designs, and other contract-based projects are paid per piece. This is advantageous to both client and worker since the client knows how much he will pay before awarding the project to the worker and the worker knows how much to charge based on his skills and speed. If the job is done quickly, you'll still get paid the full amount of money even it only took you half the estimated time.

Offline, piecework is offered to jobs that involve selling or in the form of commission. A drawback of piecework jobs is when the worker is a beginner in the field. He or she may not get paid well. However, as with other jobs, as the worker develops his technique, his speed will increase that will eventually result into a higher pay.

If you're looking for a simple, proven and predictable online income generating system, visit http://www.buildingmyownfuture.com, 

How to Become an Insurance Agent

Seeking  a career in sales may not be too difficult for someone with a very outgoing personality, but that is not everything that you need to be to become the best sales person in town. Also, there are different fields in sales. You may be good in retail but a little off in major accounts managing. The same is true in the insurance industry. To become one, you have to be more than an excellent salesperson which by the way is a plus but not required. You need to have superior mathematical skills and have the guts to face the fast-pace and ever-changing rules in the industry of insurance.

For the benefit of the emerging insurance agent in you, here are some tips that you can apply in moving towards this new sales career:

1.            Have a degree in business or economics. Most insurance companies hire fresh graduates with an academic background in accounting, public speaking, match, business, finance, and economics. If you are just changing jobs, make sure that your previous work is in line with any of those disciplines.

2.            Get a license. If you want to shorten the hiring process, get a license beforehand. Usually, insurance agencies prefer people who have licensed over those who are just about to take the licensure exam for professional insurance agents. This is also very advantageous in case you do not have any degree in the above mentioned academic fields.  

3.            Update yourself with the news in the field of insurance. As you know, insurance offers health, property, life, and liability policies. If you want to impress your boss-to-be, learn everything about these fields before you emerge in his office for an interview.

4.            Work as part-time insurance agent while at school. Some insurance agencies love to hire fresh graduates while some others would go for those who have experience. To cover all bases, work part-time in an insurance agency near you while you are still studying. This will give you an edge over same-degree schoolmates and even to those who have solid experience in the field.

5.            Learn the insurance software. Insurance companies use one-of-a-kind computer software in processing their policies and whatnots. Learning how it works and how to use it will be a plus point for you, especially if you are a fresh grad or new in the field.

Find out more about becoming an Insurance Agent visit, www.rebuildingyourfuture.com 

Why Isn't It a Seller's Market?

The market is not as robust as it was a few  years ago. Real estate, as with any other products is becoming more difficult to sell. Unlike in the past where the buyers command the price, now it is the buyer who has the power over the prices. It is they that demand the price, which they think is more reasonable.

The time has passed for the seller's market. In the early to mid-2000s, it was considered a seller's market in the real estate industry because of the housing bubble. There was a high demand in property and real estate sells even if the price is high. There are times that properties would receive multiple offers from buyers, with some offering to pay more than the asking price. Now, the table has turned.

The crash in the housing market has caused it to become a buyer's market. There are plenty of properties that are being sold and there are only a few buyers. Buyers now have the command of prices for the properties. Many properties are selling lesser than the initial asking price. Sellers also need to invest more in making sure that the properties are in excellent condition so it would sell. Discounts are also expected by the buyers before they will even consider the property.

Even celebrity homes have become casualties of the buyer's market. Billy Joel's beach house which has an original price tag of $22,500,000 is selling for $16,750,000. Britney Spears' $6,750,000 five bedroom and bathroom house sold for only $4,500,000. Jennifer Aniston also suffered the same fate after she sold her twin apartment units in New York, which she bought for $7,000,000, for $500,000 less the price. The same goes for the average Joes and Janes out there, selling their properties at a lower cost than their buying price.

Even if it is not a seller's market anymore, there is still a way where sellers can manage to make a sale on the real estate market. To do this, sellers must accept the fact that it is not an easy market to sell properties. Accepting this fact will make selling much bearable. The next thing to do is to spruce up the house or whatever real property that is being sold. It would appeal to buyers if the house has had a new coat of paint.

Nobody knows just yet when the tide will turn again. The market is volatile and always changing. It may be a buyer's market now but there will come a season where it will again become a seller's market. Until then, sellers should just put extra work to sell the property they want to put on the market.

Want to learn more hidden secrets on the housing market, http://www.rebuildingyourfuture.com, click here.

Article Source: http://EzineArticles.com/7313257

What Qualities You Need for Your Home Business to Succeed

Setting up a home business is probably one of the toughest things you will encounter. The preparation alone can take up a lot of your time and money. It's not very different from what you will have to go through if you wish to set up a business that is not home based, although there are a whole lot of new things that need to be looked into when it comes to home based business ventures. So what does it take for one to succeed in this field?

Most successful entrepreneurs share a quality or two which have led them towards success. No matter how difficult their journey has been for them, these qualities have proven to them once and for all that nothing is impossible. Let's take a look at some of these qualities, and see if you can start inspecting yourself in their presence, and maybe apply them in your home based business venture.

1. Responsibility. Running a business is no joke. Taking full responsibility helps you realize and accept your mistakes, and turn them into learning methods. Blaming others for anything that goes wrong can be very common, and it would do you good if you took responsibility of your actions. It's something you will have that others may most likely not have, so try and develop responsibility to achieve success.

2. Passion. Most people do what they do not because they want to, but because they have to. Clearly, this is not good in reaching any goal. Being passionate about what you do will make you more motivated in developing yourself and your home business. The drive that passion gives you will be very important in overcoming stress and trials, paving your way to success.

3. Discipline. Setting your priorities, and meeting your schedule is very important if you're looking forward to a successful day. Following any schedule that you have made for yourself comes in handy if you want to make use of every minute of your day. Having no Human Resource Department to remind you of coming to work on time can stop you from utilizing every second that counts, and may result in hours and hours lost every day.

4. Positivity. With all the trials and obstacles you will surely have to go through, having a positive outlook can make put you back on track, keeping your focus towards the goal you wish to achieve. Being negative will result in loss of hope and motivation, two of the most important qualities you also need to have in order to succeed.

5. Patience. This has been challenging for a lot of entrepreneurs who wish to see results immediately. Investing can be pretty risky, but since you've already taken that risk, situations that require you to wait should not frustrate you. Carefully make your decisions and ensure that they yield good results, despite the length of time required.

If you're looking for a simple, proven and predictable online income generating system, http://www.buildingmyownfuture.com, click here.

Article Source: http://EzineArticles.com/7313109

How do I repair my credit myself?

Repairing your credit is essential to increase your chances of having your loans and insurance approved. Most people do not know how to start repairing their credit and would often think that a professional is needed to help them do this. However, the truth is that you can do something to repair your own credit even without the help of experts. 

Here are some of the ways to repair your credit yourself:

Monitor and assess your current credit status

You can ask for your reports to know what the top credit bureaus are saying about you. You can ask for a report from each of them for free once a year. You can also obtain credit report from the reporting agency in case you have been denied of a loan, employment of insurance based on your credit status. 

Check these reports thoroughly; chances are there are some errors. Examination of your reports would ensure that the data it contains accurately reflects your credit. Erroneous entries may reflect adversely on your name. 

Make a formal dispute in case of mistakes in an entry on your credit report and keep a record of your correspondence

You can do this by filling up a dispute form or by writing a formal letter stating the erroneous items and your reasons. Keep copies of the forms and letters you sent to credit bureaus noting the dates sent. The dates are important because these bureaus are required to investigate the disputed entries within 30 days after receipt of your letter and if it is not verified as accurate within the same period it is removed from your report. 

Practice wise spending and make diligent payments on your debts

As a long term solution to maintain good credit, you have to avoid incurring debts as much as you can and only do so when absolutely necessary. You must also budget your resources wisely so that you will not have a hard time in paying your debts.

Get more information on how to repair you own credit visit www.rebuildingthecredit.com

What Is Loan Modification Vs Refinance

Over time, borrowers will have to consider loan options because mortgage rates might become a bit too high for them to pay. The good thing is that most loan companies offer options to help their customers. Two of the most popular options to choose from are loan modification and refinancing. To pick the best option for your current financial situation, it would be best to know how these two are different from one another. Better yet, get to know what they are and how they can help you with your current situation.

Loan modification

As its name denotes, a loan modification is simply an adjustment to the mortgage term of an existing loan for a short period of time. This means that the original or principal loan is still there. The only purpose of this modification on the loan terms is to help you or a borrower get to his or her feet financially.

Loan modification is usually turned to by borrowers only when they can't afford to refinance, which is more permanent and beneficial option for a continuously getting high mortgage rate. Another difference of a modified loan to a refinanced loan is that a modified one is done with the original lender, while refinancing can be done with other lenders which are hopefully offering lesser interest and mortgage rates.

Refinancing

The more preferred solution to rocket-high mortgage rates is refinancing. Basically, it is subtracting the amount you have paid for your mortgage and treating the remaining amount as a new loan. This will have a shorter loan term and fixed rate that will surely be easy for you to pay. Usually, loan officers will look into your financial standing at the time you are seeking for a refinancing and make sure that the new deal is going to be easy and right for you.

Not everyone can refinance though. One of the most common disqualifying criteria in refinancing is a good credit record. All late mortgage payments that are within 12 to 24 month period are taken into consider, which usually blemishes the reputation of a borrower thereby preventing them to get a new mortgage with lower terms. When this happens, the loan officer offers the other option to help his or her client get back on her feet financially and avoid foreclosure.

If able to refinance, a borrower can look for a new lender-a loan company that offers the lowers mortgage rate.

sure that you choose your best option by checking your credit history. Doing that can save you time and effort in looking around for a refinancing company if all you can afford is a loan modification.

Want to know more about Loan Modification vs. Refinance?visit, http://www.rebuildingyourfuture.com/

How to Generate Traffic to a Website

There is no stopping the opportunities interfaced in the World Wide Web. It happens as soon as you log-on to your email address, you purchase something, and just everything you do through the online network. This makes online money making opportunities just as numerous as the stars in the galaxy if that is not an exaggeration. If you have patience in dealing with people online and learning stuff online then the opportunities can be very tangible for you.

So how do you make online money making opportunities tangible? This has to start somewhere you think and yes it does start somewhere concrete. First, you have to have an area in the online world that you want to focus into. For instance, if you are into writing then better stick to writing and not tinker with other areas because you would just have all things mixed up. Other choices would include: web development, graphic design, animation, or even hardware and software development.

After having a focus on the prospect for online money making opportunities, try zeroing on who you will work for. If you intend to do it with a bunch of people, the groundwork could be extensive. This means you would have to meet up and strategy how to implement the opportunities that would eventually make it moneymaking. Then, you could think of ways to sustain this opportunity so that it continues to generate income and you could move on to the next idea.

However, another easy way for startups is to work with an already established employer. While it's not probably as profitable, the online money making opportunities can be tested through this. Having an employer is also a buffer so that when things fail you still earn. On the other hand, another good way of doing this is to do both at the same time. Be employed while developing the idea on the side.

Disclaimer

Millions of online money making sites are available in any search engine. The choices and types of the opportunities they offer are so varied and diverse there have to be a place for everybody here. At the outset, however, this still entails some research work and validation. Certainly not all that offer money making opportunities are legitimate.

The good thing is there are several ways of verifying if these sites are for real and are not just made-up to dupe people. There are online money making sites that prove to be trustworthy, paying workers well, and communicating with the employees properly. These sites also have proper mediation boards when it comes to settling disputes or miscommunication. They just don't drop the ball and let you go without any reasonable explanation.

If you're looking for a simple, proven and predictable online income generating system, http://www.buildingmyownfuture.com, click here.