"Truth is a tendency."R. Buckminster Fuller
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How to use freight bill factoring to finance your trucking company
There are few businesses that are as cash flow intensive as a trucking company. The list of ongoing expenses can be endless and can easily overwhelm small and medium size trucking companies. There are fuel expenses, truck repairs, rentals and salaries. ...
Mortgage Refinance After Bankruptcy!
If you are considering remortgaging your home after Bankruptcy, there are many factors to consider in the decision making process. Here we discuss some of the essentials topics that will enable you to decide if releasing equity from your home is your best ...
Pay off debt now: 5 steps to getting your finances in order
In our world of dizzying change, nothing is more true than the time honored statement that circumstances always change.No where is this more true than with financial issues.Have you ever borrowed money, or charged up the VISA card at Christmas, all the ...
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A cash out refinance mortgage loan is a great option if you have accrued a lot of equity in your home. If you owe $75,000 on a home that is worth $125,000, you could refinance the amount you owe and take up to $50,000 in a cash loan against the equity in your house. The money can be used to consolidate debts, do a remodeling project, or even invest. As great as a cash out refinance can be, there are a few things to think about before you decide to take out this type of loan.
How high are the fees to refinance?
Taking out a home equity loan usually costs less in fees than a refinance. Refinancing your home can cost you quite a bit when you consider higher loan fees and the possibility of points. If you already have a good interest rate on your loan, refinancing so that you can get a cash out option, might mean paying a higher interest rate on a new loan. In that situation, you might want to consider taking out a home equity loan instead of a cash out refinance mortgage loan.
How fast do you need the money?
When you take out a home equity loan, it takes less time to see your money. Often, it only takes 5 days to close. Cash out refinance mortgage loans can take a lot longer, so if you need the money immediately, it probably isn't the best option.
Protect yourself from scam artists.
There are lenders that practice something called loan flipping. They convince you to refinance your house, taking out a bit of equity for a project or two. A few months later they approach you to refinance again, convincing you to take out more cash from the equity in your house. Their scheme is to keep having you refinance, tacking on large fees and possibly increasing your interest rate until you are so far in debt that you end up losing your house. This particular scam has been played against many elderly homeowners with devastating results.
Taking cash against the equity in your house can be a wise move, but always compare taking a cash out refinance mortgage loan against the option of taking out a home equity loan and choose the plan that is best for you.
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 Ares Hires Merrill Leveraged Finance Executive (New York Times)
Ares Management said on Wednesday that it has hired Greg Margolies, a former Merrill Lynch leveraged finance executive, as the head of the investment firm’s capital markets group.
Ares Hires Merrill Leveraged Finance Head Margolies (Update2) (Bloomberg)
Jan. 7 (Bloomberg) -- Greg Margolies , the head of leveraged finance at Merrill Lynch & Co., joined Ares Management LLC, as bankers join private-equity firms amid a slowdown in buyouts.
UK's finance minister says country 'far from through' downturn: report (AFP via Yahoo! News)
British finance minister Alistair Darling said in an interview Wednesday that "we are far from through" the economic downturn, a sign that he will revise his forecast that recovery will begin in mid-2009.
Ares Hires Merrill Leveraged Finance Head Margolies (Update1) (Bloomberg)
Jan. 7 (Bloomberg) -- Greg Margolies , the head of leveraged finance at Merrill Lynch & Co., joined private-equity firm Ares Management LLC. Margolies, 42, will be a senior partner and head of the capital markets group, according to a statement today from the Los Angeles-based investment firm.
Senate Finance Committee Chairman Baucus Releases Statement on Developments in TARP Program (Nasdaq)
(RTTNews) - Senate Finance Committee Chairman Max Baucus released a statement Wednesday on developments in Troubled Assets Relief Program oversight efforts as reported in a letter to the Finance Chairman from Neil Barofsky, Special Inspector General of the TARP program.
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