Payday loans and Cash Advances:First Time Customers Get A FREE Loan

Free no fax pay day loans, and payday advances with no credit checks of up to $1000 are wired overnight.
Payday loans are short-term cash advances designed to meet your emergency financial needs. Payday loans are also perfect for those times when you need a little extra cash for unexpected bills or special occasions. The fee for a cash advance is $25.00 for every $100.00 borrowed. For example, loans in the amount of $300.00 have a payback amount of $375.00. Payday loans are generally paid back within two weeks, however, you can extend the payday loan. To extend a loan you simply make at least the minimum payment owed on the cash advance. First-time borrowers of payday loans can request up to $400.00, and first-time customers get a free cash advance *.

How to get a no fax cash advance
There are very few requirements for a no fax payday loan: a checking account that is at least 90 days old, employment of at least 6 months, and a monthly net income of at least $1000.00. The application process for a free payday loan is simple; no faxing is required. If your online cash advance application is approved by 5 pm est, monday - friday, then you will receive the cash overnight. You can apply for a $200 loan and no faxing is required at all.

How do payday loans work?
Once your payday loans application is approved, you will receive the funds in your checking account the next business day. You will then be asked to submit a payment request which tells us how much you want to pay on your personal loans when it is due. Be sure to submit a request or the entire amount will be debited from your account by default. When payday loans are due, the money is debited directly from your checking account on your due date. Once you have paid off your payday loans, you can continue to apply for bad credit payday loans of up to $1000.00.

* Finance fees are waived on your payday advance when you submit a cash advance payment request online to pay the pay day loan in full on your due date.

Loan Modification Program Making Home Affordable

Last week President Obama's administration began implementing a $75 billion loan modification program and homeowner refinance program to help as many as 9 million homeowners avoid foreclosure. The plan uses money from the $700 billion approved last year as part of the TARP I funds that were originally used to bailout banks and get credit flowing.

This new plan, dubbed Making Home Affordable, uses incentives to encourage lenders and loan servicers to modify loans. The lenders and servicers can do this either by lowering interest rates or by dropping the principal amount of the loan. J.P. Morgan's Jamie Dimon said that the bank would not reduce principal payments; they would only lower interest rates for 5-years and after 5-years, the loans interest rates would reset to current levels (around 5%).

The Making Home Affordable plan has two main components. The Home Affordable Refinance portion of the plan offers current homeowners that are not behind on their mortgage payment breathing room by allowing the homeowners to refinance their home into lower interest rate loans, this is done by allowing them to refinance to as much as 105% of the home's current value.

The Home Affordable Modification portion of the plan offers assistance to struggling homeowners that are behind on payments and in danger of losing their home to foreclosure. This portion of the plan modifies a current mortgage so that a homeowner's monthly payment is no more than 31% of their monthly gross income.

If you're a homeowner that would be interested in refinancing their home into lower interest rates, or a homeowner that is struggling to meet financial commitments and needs a loan modification, visit the new government website Financialstability.gov.

This plan is a portion of the larger TARP II plan that may include a "bad bank" that will buy up troubled assets from banks; it's a plan that could cost as much as $2 trillion, but at the same time, TARP II may stabilize our financial and housing markets. Do you think the plan will help curb foreclosures and get our economy back on its feet?

New Homes Section is a leader in providing housing information that matters. Learn more about the loan modification program by visiting our blog. On our blog, you'll find quick links to frequently asked questions and information about the new $8000 new home tax credit for new home buyers

Article Source: http://EzineArticles.com/?expert=Jayson_Gibson

How Does the Reverse Mortgage Process Work?

A reverse mortgage can be a useful tool for many current home owners. It can give you money when you need it most in your later years of life. If you have been searching for a way to supplement your retirement or gain money for a much needed expense, then this may be the ideal solution for you. The information below will provide you with a comprehensive overview of the process and will help to give you an idea of whether it will work for you.

Who Qualifies for a Reverse Mortgage?
To qualify for this type of mortgage program, you need to meet only two criteria, and you will not be subjected to credit approval, income verification or any of the other cumbersome activities of a traditional mortgage. You must be at least 62 years old and have a considerable amount of equity in your home in order to qualify for this program. If you do not meet these two criteria then it is not for you.

How Does it Work?
Unlike a traditional mortgage a reverse one pays you instead of you making payments to the bank. The amount you receive will vary according to the amount of equity that you have in your home. You can choose to receive your payment in four various ways, through a lump sum, in monthly payments, as a line of credit, or any variation of the above methods. You will have a closing just as you did with a traditional mortgage, and some closing costs will be required on your part.

Will They Take Your Home?
No, the bank will never take your home in a reverse mortgage without first giving you or your family the options of buying it back. You are not required to make any payments on the loan associated with a reverse mortgage until you die or no longer occupy the home. At this time, you or your surviving family can sell your home and keep what is left over after paying off the loan. If there is no equity left in the home or a negative amount is owed to the bank, then they take the loss and the profits from the home's sale. However, once you move or pass on, your family can choose to pay off the loan and keep the home if they choose.

A reverse home mortgage can be an invaluable supplement for those with a low pension or only social security payments during retirement. You can get a lump sum for an emergency, or just enjoy doing what you have always wanted to in your golden years. Review all of the information above, and you should have a better idea of whether this type of program would work for you.

Learn whether a reverse mortgage, or another resource is right for you at http://www.reversemortgageprogram.info

Article Source: http://EzineArticles.com/?expert=Scott_Burton