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By Jim Sperlich

A new phenomenon amongst home business entrepreneurs is the small business owner who might manufacture something that in and of itself will not provide enough income to see her or him through financially, but in a way provides a nice little side line income. These entrepreneurs may have four or five sidelines going on at the same time and when totaling up the profits of all their little ventures, it soon becomes obvious that this will be sufficient to keep them in business and also pay the bills. Thus, the one trick pony is exchanged for the multifaceted entrepreneur who is able to make money by selling, manufacturing and maybe even providing some services.

Yet interestingly it is these very entrepreneurs who are the most susceptible to some of the oldest Internet scams in the book! They may be taken by slick websites and smooth promises those who focus on one industry may not fall for, simply because they do not fit within the precepts of this industry. Some of these scams are designed specifically as sidelines or hobbyist income opportunities and thus they seek to capitalize on this very breed of entrepreneur that is beginning to emerge from the home business industry.

Obvious signs of a work from home scam that this group of entrepreneurs needs to look out for is legion, but here are some of the most commonly found:

Sideline business entrepreneurs need to beware of any website that does not appear to market an actual program or service but instead seems to be little more than a long jumble of claims to make you rich overnight with part time work that you might even be able to accomplish while you sleep. You will find them strewn all across the Net and they crop up at the oddest times, but by and large the investment required is so small as to be negligible in the eyes of the sideline entrepreneur. Sometimes it is less than $100, while at other times the magic number seems to be $29.99. Beware! Your investment will offer you little more than the instructions on how to set up the kind of website which you just visited and basically requires you to con others into parting with their money so that you can send them an information package on how to set up a con site.

Survey taking is another favorite sideline. While there are some reputable sites that will actually pay you for your opinion, the facts of the matter dictate that more often than not the pool of possible survey takers must be as large as possible, while the actual sample selected is very small and select. Unless you meet all of the qualifications associated with the survey sample, you will not be chosen and earn the money for your answers. Thus, this is not a realistic sideline business.

Beware the fad product. It is tempting to sell the latest fad diet product, knowing that within a few short weeks or months it will become obsolete and join the plethora of others on the shelves. Remember, however, that this is part of a multi level marketing effort which will not net you as much money as you could earn simply because you will be unable to capitalize on the recruitment income you would otherwise earn from your qualified down line. If you want to go into multi level marketing, find a product that has some sticking power!

Copyright Jim Sperlich

About the Author: To find the best legitimate home based business opportunities and ideas so you can work at home visit:

HomeBusinessMoneyWizard.com

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By Rony Walker

A refinance provides the mortgagor the opportunity to switch to a lower interest rate or transfer his mortgage to another lending company. Transferring your home loan loan refinance is an option when the interest rates are eating up your budget or when the company is not servicing your loan the way you want it. But there are other considerations when thinking of a refinance.

Avoid Monster Companies

If you have been diligent with your monthly mortgage payment for years and the company has provided you the service it promised to deliver, there shouldn’t be other reason to transfer your mortgage to another company. Lower interest rates might propel you to make a switch and if the company cannot give you a lower interest rate, getting a home loan loan refinance from another company is advised.

If your present mortgage company can provide you a lower interest rate, well and good. The process will be faster this time because the company knows your track record. It is also likely that the company will grant your request because it values your business. But if the lender cannot give you a lower interest rate, shop for another company that may be able to have a home loan loan refinance program tailor-fitted to your needs.

However, looking for a home loan loan refinance is not easy. With several mortgage companies out there, be sure you’re getting one that is bound by good business ethics and not one of those monster companies that delay your application for some blurry reason purportedly to review and process your paper.

Don’t be impressed with glossy advertisements of smiling men and women promising you fast and dependable service. Do your research well before doing any business with them. This is especially true when you’re dealing with a company out of state. Check out the company’s track record with the Better Business Bureau. If the company is littered with complaints, set your sights elsewhere.

Ask Before You Leap

Before you give any commitment, ask the companies if they charge for early loan payment and if they can give you a three-day period for rescission. Most people are not aware that they can back out of a home loan loan refinance when their gut tells them they are not getting the refinance they want.

The loan agent must tell you about this, but usually they don’t. During the three-day period, you have time to review your mortgage documents after closing. You have until midnight of the third day to make up your mind. Fax them your cancellation and address this to the broker, lender, and the company. Follow this up with telephone calls just to be sure they know your decision and are informed of the faxed cancellation.

Knowing your right to a rescission takes off the pressure from the bullying tactics of monster companies. To protect your right to a rescission, do not allow the agent or the broker to force you to falsify your information. This will work against you and you’ll find yourself trapped to a home loan loan refinance you will be unhappy with for years.

Be Informed

All prospective homeowners and those with mortgages should not shelve the opportunity to learn about the mechanics and processes of the mortgage transactions. Being well-informed arms you to deal effectively with loan agents and help you protect your rights as a consumer.

Getting another mortgage company then is not always about getting a lower interest rate for your home loan loan refinance. It’s also about protecting yourself against the unscrupulous practices and bullying tactics of mortgage companies.

About the Author: Interested in a home loan loan refinance or a California refinance? Know how much it’ll cost you with a mortgage calculator. Visit www.WhatAboutLoans.com today.

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By Carrie Reeder

Interest rates for home equity loans vary. Those with a high credit rating can expect prime rates, whereas those with a few credit problems are charged slightly higher rates for a home equity loan. With any sort of loan, getting a low rate is important. Fortunately, there are things a homeowner can do to increase the likelihood of getting a low rate on their home equity loan.

Understand How Credit Scores Affects Loan Interest Rates

The primary tool lenders use to determine a suitable interest rate is our credit scores. This three digit number plays a huge role. Sadly, many do not recognize the importance of maintaining a good credit history. True, many lenders offer home equity loans to people with bad credit. Thus, good credit is not mandatory. Still, better credit ratings equal lower interest rates. Those with lower rates save money.

Improving credit rating is not hard. There are three key factors to keep in mind. Keep credit card balances low. Make regular payments to creditors. Lastly, avoid skipped or missed payments. Even with an excessive amount of debt, it is possible to maintain a positive credit rating by agreeing to the following three.

Apply for a Home Equity Loan with Existing Mortgage Lender

When looking for a home equity loan, you can choose any lender. In some cases, your existing lender may offer an acceptable low rate. Before beginning your search, contact the lender and request a no-obligation quote. Mortgage lenders hate to lose business. If you are a customer with a good payment history, the lender will likely bend over backwards to keep your business.

Shop Around and Make Loan Comparisons

Your existing mortgage lender may or may not offer the lowest rate. Before choosing a lender, request additional quotes from other home equity lenders. Quotes are necessary because they offer estimated interest rates, loan terms, and monthly payments. This way, you do not accept a loan blindly. Once you obtain three or four quotes, compare all loan offers. Finally, pick the offer with the lowest interest rate. The last step involves submitting a formal application

About the Author: Visit

abcloanguide.com/homeequityloan.shtml

for a list of low rate home equity loan lenders online. View our recommended

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lenders online.

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byAlma Abell

There are several different loan programs that have been generated by the United States federal government as a way to provide financing for different types of businesses. The SBA 504 loans are offered by the Small Business Administration and are sometimes known as a Certified Development Company program loan.

The basic issues that SBA 504 loans are designed to assist business with is to allow the business to have the funds to invest in fixed assets. A fixed asset is a general term that can include several different categories but at the broadest level include real estate purchases, buildings on property as well as machinery. These purchases are made below market rates to ensure that there is equity available in the investment.

How SBA 504 Loans Work

One of the unique features of SBA 504 loans is that there are actually three entities involved in each loan. This includes the business, which is required to invest a minimum of 10% of the total amount, a bank investing at 50% and 40% provided by a Certified Development Company.

The bank in the loan can be any conventional lender or financial institute while the Certified Development Company is usually a local, non-profit company that has been created just to encourage this type of lending for additional business growth. The bank, as the major investor, has the primary lien and the Certified Development Company holds a second lien. These are removed when the loan is repaid in full.

Specifics

The maximum amount of SBA 504 loans is five million dollars for most businesses however, those in energy related fields or those businesses designated as manufacturing businesses can borrow up to 5.5 million. There are also some specifications for businesses about how much they have to put up for the project with some businesses needing to increase to 15%.

There are actually very few eligibility requirements or restrictions on SBA 504 loans which is why they are a good option for many small businesses to consider. You will need to have a business income, after taxes, of less than 5 million dollars in the last two years, be investing in a project that is greater than the assets of the business and the principals to the business, and not have a tangible business net worth of over $15 million.

By John R. Blakefield

Mortgage lenders are allowed to make there own application processes, so sometimes if not done with a formal written document, and with the use of employees and other loan officers or brokers, it can be unclear on whether or not the applicant is simply an inquiry or an applicant.

When the loan process begins with a potential applicant asking for the mortgage lender’s qualifications, which may include loan amount, interest rates, loan to value ratio and debt to income ratio, it is considered just an inquiry. However, it is how the mortgage lender responds that qualifies the person as an inquiry or applicant, not what the applicant says or asks for. Meaning, the mortgage lender calls the shot when it comes to whether or not the information is just an inquiry or actual application.

For example, if a mortgage lender verbally disqualifies a potential borrower on legitimate underwriting basis, then the lender is treating the inquiry as an application. If enough information has been collected by the lender to qualify a loan, regardless if it is done through written documentation, and a denial has been communicated to the applicant, then it is considered an application. This is true regardless of the amount of information that has been collected, whether or not any fees have been paid, the lender’s application process, if the prospective applicant has identified a loan amount, or whether the communication is verbal or written.

A mortgage lender can treat an inquiry as an inquiry if the information given is general, such as loan terms, the maximum amount that could be borrowed under various loan programs, and of course explaining the loan process that the prospect must follow in order to submit a mortgage application. If however, after this initial meeting occurs, and the mortgage lender has an opportunity to review the inquirers information and decides not to approve the inquirer and notifies him or her of this decision, the inquiry just became an application, and the mortgage lender is responsible for paper work to address this denied application.

An example of this would be if in the process of reviewing the inquirers information and the mortgage lender finds out about a pre-qualification aspect that is not met, such as not having a certain credit score or bankruptcy, and the mortgage lender does not approve this information, then this case has been treated as an application.

Another example of distinguishing an inquiry from an application is if the mortgage lender communicates with the potential borrower that his or her qualifications do not fall within the mortgage lender’s guidelines, but offers compensating factors that might get the application approved, this is still an inquiry.

However, if the mortgage lender does not give positive compensating factors and the applicant is left with the impression that the lender would not approve the loan, then the inquiry would have turned into a denied application. The denial does not have to be explicit in nature and can be conveyed in any sort of communication that would lead a reasonable person to conclude that an application would be or has been denied.

If a prospective applicant is urged to continue, then the mortgage lender must further define what will be taking place or constitutes as an application. The mortgage lender can decide the qualifying factor for an application. For example, the lender may want the applicant to show a written contract to purchase a certain property and file a formal application with the lender to be reviewed, and then accepted or denied.

Because it can be somewhat unclear in what is an inquiry and application, if you are unsure in the response you get, go ahead and ask the lender. If they do deny at any point in the process, whether it be beginning or end, they just give you a valid reason why. This reason why must be legitimate, meaning it is based only on your financial history and current information, and not on such factor as age, race, ethnicity etc.

Always speak directly and honestly with the mortgage lender or his or her staff, and understand all terms of a mortgage before you do apply. Also, pay attention to how they speak with you, and whether or not they turn your inquiry into an application by making decisions on the spot. If you have any discrepancies or questions, get clear by asking for clarification. Never make any decisions unless it is based on your own free will and on accurate, verified information.

About the Author: John R Blakefield is a mortgage and real estate specialist. For more information, articles, news, tools and valuable resources on home mortgages or investment loans, refinancing, debt solutions, visit this site: scourtheweb.com/mortgage/.

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