Jumat, 20 Januari 2012

Breaking Into the Automotive Industry With Automotive Technology Courses

Automotive technology courses will give you the skills you need to turn your passion for cars into a steady, rewarding and long-lasting career. With very high employment rates, graduates of automotive technology courses can go on to apprenticeships in some of the most successful automotive repair and service facilities around the world.
Most automotive technology courses are intensive in focus, providing students with comprehensive training on all aspects of automotive repair and service. This training will cover all aspects of car repair, including extensive training in brake systems, differentials, transmissions systems, electrical systems, heating, air conditioning and fuel injections systems. A graduate of an automotive technology course will be provided with everything you need to be a successful automotive technician.
In addition to learning the nuts and bolts of automotive repair and service, automotive technology courses will train students for personal and workplace safety, professional protocol, performance standards, effective communication skills, and problem solving. With this kind of training you will have the tools you need to launch a rewarding career in the dynamic, fast-paced automotive repair industry.
Auto Tech programs often use a unique combination of classroom theory, demonstrations and hands-on instruction to provide comprehensive skills training and help you become an automotive repair and service expert. The very best of these courses benefit from strategic partnerships with high profile industry leaders and are able to provide students with extensive hands-on training on some of the best industry standard equipment around. Students in great auto tech programs will spend the majority of their study time in fully equipped automotive facilities with state-of-the-art technical and diagnostic equipment, such as:
  • A chassis dynamometer
  • Brake lathes
  • Hand-held diagnostic scanners
  • Engine diagnostic equipment
  • Wireless wheel alignment analyzers
With hands-on training on all this equipment, you'll have the latest skills and knowledge to excel in any automotive repair and service environment. When you complete an automotive technology program, you'll be certified as an Inspector, and licensed to handle air conditioning refrigerants under your region's ozone depletion prevention program and regulations.
As a future automotive technician, it will be your responsibility to help to protect the environment through the safe and responsible handling of ozone depleting chemicals. In compliance with the government's mandatory certification requirements for all persons handling or repairing air conditioning systems. These certifications, a requirement for any auto tech job, will give you a definite edge in today's repair and service job market.

Kamis, 19 Januari 2012

Automotive Logo Designs - Components Of Automotive Logo Designs

Automotive logo designs are probably one of the most stylish logos around. Cars, bikes and other similar stuff are incorporated in automotive logo designs to make them look classier and more eye-catching. Your automotive logo designs can benefit you by certain ways; it can setup a base for you to market your products well and to be recognized better. When creating automotive logo designs, the designer needs to pay attention to three factors which are (1) the objective to be achieved by the logo design, (2) should be according to the latest trend and (3) should be of high quality. Anyhow, the basic rule for designing good automotive logo designs is to relate it with your company.
For designing good automotive logo designs, you should take in consideration the following points:
Your automotive logo designs should relate to your business:
A basic technique to make your automotive logo designs look sportier is to associate it with automobile parts. Normally, the designers use the basic components of automobiles such as their wheels, handles, steering, etc. Also, you will find a large of number of automotive logo designs having images of cars and bikes in a very creative and amusing manner. For instance, automotive logo designs can have a tattoo type of design showing a car.
Color scheme used in automotive logo designs:
The colors which are normally used in automotive logo designs are mostly of an igniting nature. Colors like orange, fiery red, black, etc are used in automotive logo designs.
Fonts used in automotive logo designs:
Usually bold and big fonts are used in automotive logo designs. The reason is that the automotive industry is an amazing yet serious industry.

Rabu, 18 Januari 2012

Is an Automotive Franchise for You?

Have you always had a passion for cars? And often thought of having your own business? The time is now to check out the many automotive franchise opportunities available with little start up investment and plenty of rewarding benefits. The number of franchises is increasing as more consumers realize the great earning potential and appeal of becoming a business owner. There are many automotive franchises available catering to various kinds of car maintenance, repair and sales depending on your individual preference and interest.
With franchise opportunities ranging from windshield repair, oil changes, auto parts and even automotive insurance, there is sure to be one that is right for you. While there are several considerations in determining which automotive franchise would be the most suitable, the benefits of purchasing your own franchise are clearly favorable. Just imagine how satisfying it would be to go to work each day knowing that you are your own boss and the business that you operate is your own.
Which Automotive Franchise is the One for You?
There are many factors that might be important as you decide if an automotive franchise is the kind of business that you want to purchase. If you enjoy the busy shop atmosphere and have a special interest in cars and the many aspects of the automotive industry, a franchise in which you can invest and build a solid, long-lasting business that is car-related, may be the one you are looking for.
As well as the general type of franchise, you may also want to know what kind of investment and initial start-up costs are associated with purchasing an auto franchise. Many of the top car franchises available require minimal up front costs. For example, a Novus Glass Windshield Repair franchise has initial investment costs starting at only $14,900. This is very affordable and provides limited risk when you consider the popularity of this kind of franchise and the potential business and profit as it grows over time. If you are more interested in automotive accessories, you could purchase a Millennium Plus franchise in which you become a GPS distributor with an initial investment of just $10,000 and you can even run your business from your own home!
While there are many automotive franchises available at very reasonable investment costs, there are also plenty of other franchises that offer solid and proven earning potential with the added assurance of owning your own business and boasting a brand name service. The initial start-up costs may vary but the decision to become a franchise owner puts you in a very advantageous position from day one. Since today's consumer often seeks businesses with familiar names and a good reputation, a franchise may be a wise investment since the brand name provides an immediate client base. Although there is definitely a great deal of work and determination necessary to build your franchise into a strong and thriving venture, you need not start from scratch as you would with a non-franchise business.
Other Important Considerations
Deciding on the particular auto franchise may be one of your first considerations but learning about various other aspects of having your own business may be just as important. Being a franchise owner has a number of benefits. From taking advantage of the franchise name, to the potential income potential, the benefits are many.
When you purchase an automotive franchise, you automatically access a complete and proven business operating system that covers virtually all aspects of operating that particular franchise. Essentially, the framework is already in place and the franchise will provide extensive instruction and support before, during and after your purchase. After all, it is their name and reputation that comes with your franchise and all legitimate franchisers want to ensure that your business represents their company in a strong and positive way. Their ongoing interest and training keeps you on top of the latest franchise information and up-to-date with any changes or new company initiatives.
Franchise owners pay pre-determined "royalties" to the franchisers depending on the size and income related to the car franchise. Before purchasing your own, make sure that you discuss all these operating details and get it in writing. Reputable franchisers will have no issues in providing this information and will be very willing to explain the system fully and answer any questions that you may have about any of the business aspects of your auto franchise. There are also some legal considerations as well and these should be reviewed carefully as you decide whether your own automotive franchise is the business for you.
Location is another consideration that may be crucial in determining if a car franchise is feasible as well. Some of the current franchises available may be operated from your own home. So you must decide whether you have adequate space and if it would be possible to run your own business with your home as central base. Some of the bigger franchises require a larger location that would not be appropriate as a home based business. Automotive franchises such as a Meineke Car Care Center or Eagle Transmission involve greater space requirements and significant amounts of equipment that would simply not be suitable for a business at home.
Something to Think About
Is an automotive franchise in your future? The benefits are clear as the strong base and proven potential for success in franchise ownership in the industry gains attention worldwide. Making the decision to purchase your own franchise is indeed a huge responsibility but it may also be the answer to your desire to experience business ownership and the ability to work for yourself.
Ultimately, an automotive franchise has many attractive features and it is definitely a franchise that could generate a significant amount of business since most consumers own or operate vehicles. So, the need is there. An automotive franchise may be a great way to tap into that earning potential. If becoming a business owner in the automotive industry appeals to you, a franchise may be exactly the way to a bright and profitable future!

Selasa, 17 Januari 2012

The Best Car Deals - Low Finance Rates Vs Rebates - Which Should You Choose?

How To Get The Best Car Deals:
Quick tips that will help you at the car dealer:
How to understand Rebates and low financing offers:
Vehicle MSRP: Manufacturers Suggested Retail Price - This price is always negotiable - don't ever agree to pay MSRP
Exception: Some vehicles that might be "hard to find" or "limited in production" might be sold by the dealers at MSRP or, sometimes higher. This is usually called Market Adjustment.
Manufacturers Rebates: This is your money and has nothing to do with discounts given by the dealership. This money is given to you directly from the factory. Never let the rebate be used as a negotiation tool by the dealer. Any discount or negotiation from the dealer should be separate of any rebates offered.
Low finance rates: 0.00% 1.00% 1.9% etc... These are called Sub-vented rates, they too are offered by the factory and not the dealership. Do not allow a "low" finance rate to be used as part of a negotiation by the dealer. These rates are granted over and above any discounts, rebates, etc.
Exceptions: There are several exceptions to Sub-vented finance rates, but here are two that you really should be aware of:
1. Not all people qualify for these rates. So, if you suspect that you might have some issue that will cause you not to qualify, there is nothing wrong with expressing to the dealer that the low finance rate is something you are interested in, and you would like to apply first, before going through the long, timely steps of deal negotiation. Many dealerships will view this as unusual; however, any "good" dealer will be happy to let you submit an application first if you insist. Why is this important? As we always say, knowledge and preparation are the keys to not overpaying at a dealership. What happens if your entire deal is worked, negotiated and finalized with the dealer? Then you head over to the finance office to finalize the finance terms and payments... You expected to pay 0.00% interest, then at the last second you are told: "Sorry" because you don't qualify... NOT GOOD THE WHOLE DEAL CHANGES.
2. Rebates and "low" finance rates can not always be combined. Some factories allow it some times, however there is no rule; you must do your homework first. For instance, Chrysler offers manufacturers rebates on most their vehicles, plus they offer low finance rates on most vehicles as well. Though, you the customer must decide which offer you want, you can't have both. Although, sometimes Chrysler will run special offers that allow you to "combine" both the financing and rebate offers at once. But be careful, dealers won't always tell you that these offers are available, if you are unaware and you agree to pay higher finance rates, you are stuck.
Commonly Asked Question: Which is the right choice, Rebate or Low Financing?
This is an interesting question asked by many customers, the answer is simple yet many people have no idea.
Remember this rule: You should do what's best for you, do not ever inquire with a person, dealer, or anyone else that has any other motive than what's best for you.
What that means is this: When you ask a dealership which makes more sense, the dealer will likely tell you: "Take the rebate - not the low interest rate."
The reasoning behind this answer is, if you take the rebate you are actually paying "less" for the vehicle than if you elected the low interest rate. So, being that the vehicle price is the most important issue, you should always take the rebate. Is this correct or incorrect?
Rule: Don't be concerned what the dealer is making or losing, it's not relevant to what's best for you.
Does the dealership stand to gain more if you chose the rebate vs. the low finance rate? The answer to that question is yes, the dealership does stand to gain more. They receive a little more in "reserve money" from the lender if you chose conventional finance rates. The fact is however; that this point is completely irrelevant. Who cares what the dealership is making? Why is that important anyway? Is there some rule that says a dealership is not entitled to make profit? The only person who is doing something wrong in this scenario is you. You're asking the wrong party for information. If the complete and honest answer might cause the dealer to make less, chances are more than likely the answers will be carefully weighed to fall on their side.
Remember: Your concern is getting the best deal for you, don't waist time caring about what the dealership makes. Prepare yourself by considering all the facts. Do not make the common errors of all the people we constantly heart about who over pay all the time.
Fact: People who think that dealerships are losing money on them are usually the ones who pay the most!
Note: Please understand the purpose of this and every other post we write is NOT to condemn dealerships for making profit. Why should a dealer not be entitled to profit? What right do we have to ask them to lose money? Would you ever go to a restaurant and tell them that you insist they sell you dinner and lose money? It's a stretch, but equally as ridiculous.
The purpose of this post is to assist fair people in getting the best deal for themselves. Protecting people from being "ripped off" by a deceptive dealership is our motivation. We don't claim that all dealers are unfair or "rip off artists", in fact we are aware that most dealers are honest and forthcoming. Although, everyone is in business to make a profit and the topics written about within these posts are for the purpose of assisting "fair" consumers achieve "fair" and honest deals. Why do we keep mentioning "fair". Because equal to us having no concern about a cheating dealership, we also have no concern about the "unfair" consumers who want the good dealers to close down their business and lose money.
"A GOOD DEAL IS WHEN BOTH PARTIES ARE SATISFIED"
As we have mentioned so many times; price is not always the most important issue.
The following is the one and only correct answer to the Rebate vs. low rate debate:
With any issue that causes you to make a decision there are always certain facts in place, those facts make up the "pros and cons". With any decision we make, we weight the pros and cons and ultimately are lead to a decision. Then of course, we hope that decision was the right one.
Remember this rule: There is always a point where the two lines will cross, that point is where you will find the correct answer.
This means; there are variables that create change in every deal. For example: It may be a better deal for me to take the rebate, while it is a better deal for you to take the low financing rates. Let's explain:
You might be financing $30,000 and your finance term is 60 months. The Factory is offering a $3000 manufacturers rebate or 0.00% for the 60 month finance term. Which do you choose?
I might be financing $12,000 - The factory is offering a $3000 rebate or 0.00% for the finance term. Which one do I choose?
Obviously the answers vary; your lines of "break even" will obviously cross way sooner than my lines. The reason: different factors in the two deals will yield different answers.
Here's how you figure out the correct answer based on your factors:
For this example we'll assume that you are considering a $30,000 car with $3,000 rebate or a 0% interest rate, and for the sake of finding an answer, we'll assume that you're putting $3,000 a down payment and you qualify for all offers.
First: Draw a line down the middle of a piece of paper; on one side write Rebate on the other side write 0%
Second: on the 0% side write in the sale price of $30,000 - and on the left side (rebate) write in the sale price of $30,000 as well.
Third: On both sides add in your local tax rate. For instance: if you live in Queens NY add 8.25% as sales tax.
Fourth: on both sides add $300 - this should cover DMV - Inspection and dealer Doc Fees.
Fifth: On both sides - subtract $3,000 for you down payment
Sixth: On the rebate side subtract $3,000 for the rebate
If you did this right, so far you should have the following results:
Both sides: should show Sale Price $30,000 Tax $2,475. DMV $300. Sub Total: $32,775
Rebate Side Should show $6,000.00 Total down payment and an "unpaid balance" of $26,775.00
The 0% side should show $3,000 Total Down Payment and an "unpaid balance of $29,775.00
Assumption: If you chose not to take the 0% - the dealer offered you a 5.5% interest rate.
Compare to see where the lines cross:
Next step - find an auto loan calculator - you can go on any search engine type in "free auto loan calculator"
I am not able to attach a link to this area of the post so I will simply suggest a very user friendly, free calculator (which we have no affiliation) is chase.com just search:
"Free chase auto loan calculator"
Calculate:
REBATE SIDE
$26,775 Amount Financed
5.5% APR
60 Month Term
Answer: Payment $511.43
Total Interest: $3,910.80
Total of Payments $30,685.00
0% SIDE
$29,775.00 Amount Financed
0% APR
Answer: Payment $496.25
Total of Payments $29,775.00
Summery: On your deal, 0% came out to be $910.80 less than the REBATE, so obviously the better deal for you is 0%.
On my worksheet, using the same method, it turned out that the rebate was quite a bit more of savings, (only because I was financing much less) if I chose to finance more money perhaps the lines would cross sooner.
Final notes to remember:
1) If you choose to lower or raise you down payment and lower and raise your amount financed, the out come of "which one" is a better deal will vary. So, keep testing the different scenarios using the method provided above and you will find the best deal for you. Every time!
2) Be careful - No rebate is final, while low financing isn't: Keep in mind this very important consideration: If you choose low financing over the rebate - essentially you just paid more for the vehicle and you can't get that money back. However, you chose to do so in return for free financing terms. (Very smart) You did your homework, you made your decision based on solid factors and you made the overall least expensive decision. EXCELLENT WORK! Though, you must remember you made this comparison based on a 5 year repayment term. If you keep the vehicle for 5 years, and pay as expected you win, your calculations were perfect and you achieved the best deal for you. On the other hand, if something changes and for any reason you decide that you are not going to keep this vehicle beyond the second or third year... Then, you just gave back the benefit of the low financing. The variables have changed once again and the better deal swings back to the rebate. So remember, in the privacy non pressured environment of your own home; carefully consider all your options and likelihoods. For instance, if you know you don't keep a vehicle beyond a couple of years, this must be included as a decision factors.
Long story short: Always compile all the facts first, limit the variables that can change the deal and negotiate with confidence.
The author of this article is an auto industry professional for the past 18 years. Robert has extensive knowledge in automotive finance and specialty automotive finance (bad credit). Having worked as a finance and special finance manger for dealerships in the New York metropolitan area since the early 90's Robert has assisted thousands of clients in achieving auto mobile loans with "less than perfect" credit.

Senin, 16 Januari 2012

Yahoo! Finance - What Sets This Finance Website Apart?

"What Obama Must Say Tonight," "10 Tax Moves to Make in 2010," and "Ailing Banks Favor Salaries Over Shareholders," are all examples of the dozens of articles that could be found today at Yahoo! Finance. Yahoo! Finance is a finance website that offers lots of free information and tools all related to finance. There are many websites today that offers resources and tools related to personal finance and investing, so what does Yahoo! Finance have to offer?
*Free- Although there are some services available for a fee, accessing the Yahoo! Finance website is free and so is the use of many tools.
*Personalized Updates- If you choose to set up an account, you can get personalized updates when you log on about stocks or companies that you're interested in.
*Up to Date- This is one of the best things that sets Yahoo! Finance apart. Market indexes and updates are updated frequently and the "news" is fresh.
*At a Glance- You can see Market index averages for the day including the DOW, NASDAQ, S&P 500 and more, as well as graphs showing the trend in these averages for the most recent working day.
What's Up at Yahoo! Finance?
In addition to the Yahoo! Finance home page, you can find helpful pages on:
-Investing
-News and Opinion
-Personal Finance
-My Portfolios (if you choose to organize your financial information here)
- A Tech Ticker
On the Investing Pages at Yahoo! Finance:
Find out about "Today's Markets," including recent earnings statements, recent stock splits and more.
Mutual Funds, Stocks, ETFs, Options, Industries and Currencies are all explored furher. Find research, converters, calculators, articles and more.
You can also learn more about world stock index levels, world news and exchange rates are under "International."
"Research and Education" offers a business term glossary, personal tutorials on finance and investing and more.
Of course Yahoo! Finance also offer "Community," a section where you can chat, ask questions or join groups.
On the Personal Finance Pages at Yahoo! Finance:
Get your personal finances organized at "Banking and Budgeting." Free trials of online bill pay are available. Frequent offers include free for 6 months and $4.95 thereafter.
More under Personal Finance...
*Insurance
*Taxes
*Loans
*Real estate
* Family and Income
*Retirement
On the News and Opinion Pages at Yahoo! Finance:
Look for articles on...
*Industry news
*New technology
*Top picks by experts
Creating a Yahoo! Finance Account:
Creating an account at Yahoo! Finance is easy and free. Once you've created an account, you can personalize your logon so that the information that is important to you will be displayed including stock prices and relevant news pertaining to companies you are interested in.
The Perks of Yahoo! Finance:
Yahoo! Finance visitors and members enjoy that there's so much financial information in one place and that the articles and financial charts on Yahoo! Finance are kept up to date. They also like that so many of the services available are free. Visitors also applaud Yahoo! for having limited ads.
Popular Tools at Yahoo! Finance:
There are rate charts and calculators for Mortgage, Home Equity, Savings, Auto Loans and Credit Cards for fixed loans and ARMs. You can see rates across the country as well view rates in your area.
What's not to love about Yahoo! Finance?
While many users like the non-nonsense format at Yahoo! Finance, others find the finance web sites look to be drab, boring and unexciting with little more than two colors, black and blue, a limited photos.
Still, Yahoo! Finance is recommended as a finance website that has a lot of helpful tools and resources that are well organized, up to date and more than not, free.

Minggu, 15 Januari 2012

The New Rule For Buying a Home - Using Owner Financing

The American Dream; what does it mean to you? People have different jobs or hobbies or passions in life, but one constant remains the same among all of us, and this common thread that unites our dreams is that of Home Ownership! Unfortunately, in this current economy, achieving the dream of home ownership is becoming more difficult than any time in recent history. Too many Americans are following the unwritten rule of home ownership that tells us to 'Find a Realtor and Get a Bank Loan'. In past economies, with thriving job markets, lower inflation, and less credit restraint, that 'rule' may have made sense to follow.
But our current economic system is making it difficult for the average person to achieve the American Dream of Home Ownership. In times of unstable job markets, with double digit unemployment forcing people to become self-employed to make a living, the banks are requiring a W-2 stable job history in order to issue loans. In times of a great credit crisis, the banks are requiring stricter credit scores than most people are able to achieve. Fewer and fewer honest, hard working Americans who are used to following the 'traditional rules' for owning a home are having the opportunity to own their own homes.
What if you could achieve the American Dream of Home Ownership without the assistance of a bank?
The purpose of this document is to allow motivated home seekers an opportunity to write a New Rule of Home Ownership that allows you to declare your freedom from the services of a Bank in order to partake in your piece of the American Dream of Home Ownership!
In order to understand the New Rule of Home Ownership, let's take a closer look at the existing rules of purchasing a house with Traditional Bank Financing.
The first part of the Traditional Bank Financing focuses on Qualifying for a Loan. While many different loan packages exist, the most common loan written in today's market is an FHA Loan, and therefore, we shall use their guidelines as an example. The following are guidelines for an FHA Loan:
o FHA Loans require a minimum credit score of 620 to be eligible for a loan
o FHA will require 3.5% down on the home. This down payment MUST come from your account. You are not allowed to borrow from friends, family or anyone else. You must document where the funds for the down payment came from. Specifically, the source of the down payment must be from your personal checking, savings or retirement account and CAN NOT be borrowed!
In order to work with most Realtors, you must first get pre-approved for a bank. Many Realtors won't even show you a house unless you can prove that you are able to afford and receive financing for the property. This painful process of pre-approval from a bank can take 2-3 days and involve the following steps:
o Proof of Creditworthiness
o You must provide 2-4 years worth of tax returns!
o You must provide your last 4 pay check stubs if you are an employee or an updated Profit and Loss statement if you are self-employed, a business owner, an independent contractor or entrepreneur. However, if you cannot show a consistent pay stub as proof of income, then you may want to skip ahead to the part of this document where 'Owner Financing' is discussed, as you will find it increasingly difficult to qualify for a mortgage.
o Your bank may require you pay off other debit to help improve your credit score to qualify for the loan
o And the worst part... this proof of creditworthiness is done throughout the entire home buying process! Even once you qualify and pick out the home of your dreams; underwriters at the bank will have you go through the same process to make sure you still qualify.
Now that you are pre-qualified for the home of your dreams, you may finally begin the process of working with a Realtor to find your new home.
Once you've found your home, the Traditional Banks will want an inspection performed on the home and may require the seller to fix EVERYTHING for the bank to finance your loan. Some people just want a small discount on the house and they will do their own repairs however, many times a traditional bank will not allow you to do this! These small fixes may add to the total price of the house.
Also, expect to pay Realtor fees, bank fees, filling fees, "point buy down" fees, loan origination fees, closing costs, title fees, surveys, appraisal fees, and anything else imaginable for which to be charged. Though many of these fees can be rolled into your loan, over the long term, you may be paying an extra 10% in unnecessary Financing Fees that are loaded into your loan!
What if there was a quicker, easier, and less intrusive way to take your share of the American Dream? What if you could look at homes without having to pay a Realtor fee, pre-qualify for a loan, and go through a 3 month home buying process? After all, we ARE in a BUYER'S market in Real Estate, so why shouldn't we be able to buy?
Consider the possibility of declaring a New Rule. Instead of working with (and paying for) a Realtor, why not work with the Seller directly? Especially if that seller is a Professional Real Estate Investor who is not only willing to sell the house in a quick and simple matter, but is also will to FINANCE the sale of the house on a short-term basis!
Earlier in this eBook, we went over the process of the Tradition Bank Financing. Now, we shall detail the 7 Easy Steps of Purchasing Your Home with Owner Financing:
* Contact the Seller of the Home without having to pre-qualify for a loan and look at the home to decide if you want to purchase.
* Settle on a price
* Agree to a down-payment and interest rate
* Once you've agreed to a price, down payment, and interest rate, complete a Deposit to Hold form and pay this 1% fee applicable to the sales price of the property. This fee will take the property off the market while you are closing on the home.
* Fill out credit application; provide 2 most recent paycheck stubs and bank statements as proof that you can afford the monthly payment.
* (Optional) If you chose, you can order your own home inspection to review the condition of the home
* Close in 2-5 business days
Buying a home from a Professional Real Estate Investor is quick and easy. Once you have settled on the price and monthly payments, you have minimal paperwork to complete and can close on the transaction within one week! The following is a summary of some of the benefits of Owner Financing compared with Traditional Bank Financing:
* In many cases, there is no minimum credit score required
* Instead of 10% Traditional Bank Finance Fees / Closing Costs, your Owner Finance Fee averages to 5% of the transaction.
* Unlike Traditional Bank Financing, your down payment for Owner Financing may come from almost anywhere (as long as it is a legal way to raise the funds). You can borrow the money from family, friends, others. There are also some tax incentives for you to use part of your retirement savings. Either way, with Owner Financing, you are allowed to raise your own down payment as you see fit!
* You and the Owner Finance Seller will agree on a time to "close" on the home and may close within 5 business days!
* Your Owner Finance loan is dependent on your down payment and ability to pay the monthly payment and NOT on your credit or having a W-2 Job. Therefore, Business Owners, Entrepreneurs, Independent Contractors, and the Self-Employed may qualify for Owner Financed Homes!
* You are not required to provide extensive documentation to obtain your loan
Due to the efficiency, simplicity, and cost effectiveness, you can see why buying directly from an investor with Owner Financing is the New Rule for Buying Homes. Owner Financing interest rates may be a little higher than market price when you initially purchase your home, however, this higher rate, along with a sizeable down payment, will actually help you obtain conventional financing at a lower rate down the road when you decide to refinance!
A good way to look at Owner Financing is that is a solution to buying a home with short-term financing. Once you have paid your Owner Financed note on time for say 12-24 months, it's easier to refinance your existing note with a traditional bank loan at a lower interest. It's much quicker, easier, and less intrusive to refinance a home into traditional financing then it is to purchase a home with traditional financing!
The following example will detail the process and the costs of owner financing:
o John chooses to purchase a beautiful home for $150,000 with a traditional bank loan. John's credit score is 590 and the bank will not loan him any money until his credit score is at least 620. John understands the importance of owning a home and wants to buy something now.
o John finds a home that is being offered for $150,000 with Owner Financing. John has $15,000 to put down and wants to close in 5 business days. John's new loan is at an 8.5% rate for 30 years and the sellers would like John to refinance his loan in 24-36 months. John's monthly payment is $1,350 and it includes Principle, Interest, Insurance, and HOA fees. John is happy because he can afford $1,350 per month and is able to take his part of the American Dream!
o As John pays on time for, say, 24 months, John has an excellent payment history with his current lender. John will also need to be working on his credit in those 24 months to raise his score to the current minimum of 620.
o When John approaches a traditional bank John will be able to demonstrate the following:
o John's $15,000 down payment shows that he has 'skin in the game' and is not just going to bail on his house payments
o John CAN afford and has been paying $1,350 a month at a 8.5% rate for his loan
o John's credit score is now above the minimum required 620
o If John can afford $1,350 a month at 8.5% interest, John can easily afford a $1,100 a month payment at 6.5%!
It is much easier to refinance a loan rather than trying to get a loan for the original financing! Since you are already in the house, there is no inspection required, no lengthily closing procedures and there is no longer all that extra red tape that is associated with buying a home with traditional financing!
As you can see, purchasing with Owner Financing can be easily done and quickly closed for those who cannot use a traditional bank loan but deserve to own a home now.
Summary
In today's market, due to tough economic times, there are many people selling their properties. Yet, despite the fact that this is a 'buyer's market', it is tougher to buy a home with Traditional Bank Financing than ever before. Following the old, unwritten rules will lead you to a long and unhappy life in an apartment complex. Motivated home seekers looking for their piece of the American Dream are unable to achieve this great promise by traditional and conventional means due to stringent lending requirements initiated by the very same financial institutions that gladly took over 1 billion of our tax dollars to bail them out! Banks tightening up on their lending practices is causing a shortage of homebuyers in the market. This is one of the biggest reasons that real estate values continue to free fall because there are not enough people who can qualify for available homes while following the unwritten rules.
Inspired home seekers, looking to break away from the old rules and ready to write his or her own New Rules to Home Ownership will be able to take advantage of this buyer's market, and with Owner Financing, you will see more and more people purchasing homes. If you are in the market to buy a home however, you cannot qualify for a traditional loan, I strongly recommend you contact a company that specializes in Owner Finance Homes.
Stop drowning in the current economy and create your own American Dream!

Sabtu, 14 Januari 2012

Acquire Health and Fitness With Fitness Equipment

A successful muscle building with proper diet and exercise promotes health and fitness. People, who suffer from weight problems, adopt different types of exercises in their daily routine with fitness equipment. It helps in mental focus and discipline. But if you don't have proper nutrition diet then your body will not react to any sort of exercise. Your body will not go in muscle building state if your body lacks in proteins, carbohydrates, water and fat.
A good diet and regular exercise could lead to healthy skin, healthy body, healthy mind and a healthy life. As its is said that prevention is better then cure. So its always better to have a healthy diet and workout then deal with all the health related issues. These are the four elements that are necessary for proper health and fitness.
Protein:
It is the most important element of nutrition for body building. Your body needs to consume approximately 0.5-1 grams of protein per pound of body weight. For example: beef, egg, chicken or pork etc.
Carbohydrates:
Carbohydrates (carbs) help to maintain energy level in your body. Lack of carbohydrates, consumes the muscle tissue to maintain energy levels. When it comes to the endless consumption of it, people with low body fat take the advantage. They can take all and gain rarely. In order to build muscles, you may need 4 grams of carbs per pound of body weight. People with higher body fat will likely to require only 1 or 2 grams of carbs per pound of body weight to gain muscle.
Water:
Your body needs to be hydrated every time. If you're dehydrated then there is no reason to focus on proper nutrition. Your muscles and digestive system need water to get the job done.
Body Fat:
If the percentage of body fat is low, it means that your body is not getting enough extra calories to produce fat. Calorie consumption in body helps to building body muscles.
Research well before you decide upon any thing related to your health. Whether you are a beginner or have already started with your exercise routine, you can consult a certified personal trainer or a fitness expert for more information. The latest buzz is the Fitness equipment that is helping a lot in every age.