Monthly Archives: October 2016

How Loan Modifications Work

Can a Florida Loan Modification Company Really stop Foreclosure?

I was reading the news papers the other day, and found a staggering report – Of all the states in the United States of America, Florida seems to have highest number of foreclosures. Being in the mortgage business and Loan Modification business myself, I struggled to find any logical reason behind this, especially with the availability of loan modification programs to bail out people who have issues with their loans.

Awareness could be an issue, as not many people would possibly know people like us are there to help them out. The other point that does not hit them is we do all the work, which is at times considered to be relatively out-of-bounds for most non-legal people.

Can a Florida Loan Modification Company stop Foreclosure? The answer is YES It Can! Continue on reading and then visit us at to view our professional video presentation explaining the entire Loan Modification process.

My name is Jonathan Powell, and I am the President of and First American Capital Investments, we are a professional Loan Modification company in the State of Florida backed by attorneys. Over the last few years, I have seen a surge in the number of loan modification applicants. It is good to see that the trend is increasing, but it could be that I am sitting on an Iceberg.

From the time you approach with your loan modification needs, our company swings to work. We would ask you to submit some papers with him or her. Once that is done, you will find we immediately starting drafting a legal letter to the bank or the financial institution and start the negotiation process

Until the time your bank receives the legal letter, your lender has no idea that you have initiated a loan modification process, and would be on their way to initiate the foreclosure process. The legal letter puts a stop on things temporarily, and the banks end up inviting the us, the Loan Modification Company, and the applicant for a negotiation or a discussion.

Typically we can negotiate interest rates down to as low as two percent (2%) initially, and then your new mortgage will level out around Four Percent (4.00%) for the remainder of your term. This can drastically reduce your mortgage payments and in many cases will cut your mortgage payment in half.

Some banks sound as if their deal offered to the customer is really the best, and no one else can beat it. The truth is – Leave the hard bargaining to a Professional Loan Modification Company that has the experience and knowledge to properly re-negotiate the terms of your loan.. In a state like Florida, you need good negotiators because small changes in the loan amount may not do you any good at all. Most Importantly, you would have saved your home.

The bottom line is Do Not let your home foreclose or avoid doing anything.. your home is your most prized possession and our Florida loan modification process will work to stop foreclosure.

What to Expect From Financial Innovation in the Future

Today we face rapid changes in financial services. Several key forces lie behind this transformation, including technological and financial innovation, consolidation, globalization, and customer demand. Each has important implications for the future. I’d like to share with you some thoughts about just one of these changes — technological innovation — because I think it will have such far-reaching effects.

In many ways, the current technological revolution is best characterized by the explosion in information technology. In his book, The Road Ahead, Bill Gates of Microsoft writes: “What characterizes this period in history is the completely new ways in which information can be changed and manipulated, and the increasing speeds at which we can handle it.”

Let me go back to my opening point about gigabytes. You’ll recall those are the eight billion bits of digital information I told you not to worry about. You probably don’t think about gigabytes every day, but they’re hard at work for you all the time. Computing power is a prime example of how quickly things change in this world.

Every 18 months, the cost of computing power falls by half. Experts call this phenomenon Moore’s law. Now let’s put this in perspective. If we wait about the same length of time it’ll take Congress to enact last year’s budget, you and I can buy twice as much computing power for the same price.

Moore’s law has held true for several decades. In 1983, IBM computer owners could buy 10 megabytes of additional computing power for $3,000 — or $300 per megabyte. Now let’s fast forward to the present. Today you can buy a hard drive with 1.2 gigabytes — 9.6 billion bits of information — for only about $250. That’s 21 cents per megabyte. From $300 down to 21 cents — that’s value.

But it means a great deal more than just value. It means opportunity. It means that as costs decrease and computing power and capacity increase, people will find new uses for information technology. They’ll find faster, cheaper, and better ways to do what we do now. And they’ll find ways to do things we hadn’t even thought of in the past. The more people learn about and make use of these developments, the more they’ll become comfortable with them and even demand more of them.

Consumers today are more willing than ever before to use alternatives to brick-and-mortar branches. They expect access to ATMs. Once they’ve tried direct deposit, they generally like it. And they’re coming to accept debit cards. And that’s not to speak of electronic benefits transfers and electronic money, which are laying the foundation for a fundamentally new paper-less payment system. I note that 31 percent of the homes in American owned a personal computer as of 1994, up by four million households over 1993.

All of this means that the way in which retail financial services are provided will continue to change. Financial institutions will probably form alliances with providers of information technology to distribute products in new ways to consumers. Any consumer using the Internet can access the Worldwide Web and use financial planning shareware and spreadsheets to make their own calculations based on live data and quotes from a financial services firm. This will be assisted by the fact that, according to some estimates, by the year 2005, 80 percent of U.S. homes and offices will have some form of connection to the Internet. Others predict that by 1999 almost 50 percent of U.S. households will be using home-based financial services.

Technology has slashed the costs of gathering information and transacting business, and could provide substantial economies of scale. That is, they could potentially give a competitive edge to large financial institutions able to make substantial up-front investments in technology. And they could help drive continued consolidation among financial institutions.

The technological revolution will have profound implications for you as credit unions, as providers of financial services. Harnessing the new technology will take considerable effort and may have high up-front costs. Much may depend on how readily smaller institutions can purchase the relevant expertise from outside vendors, rather than having to develop it themselves. Perhaps CUNA, as a leader in the credit union movement, can keep a watchful eye to make sure such expertise is available.

As our financial system becomes more concentrated and financial products become more standardized, credit unions — as grassroots, member-oriented organizations — can become even more important in assuring that people within their common bond get good, personal service.

In addition to the items mentioned above it is important to carefully choose your new personal loans before applying online. Especially when it comes to personal installment loans, only the highest quality lenders should be considered.

Applying For Cash Advances

When you need money in a hurry cash advances can help you out. Designed for emergencies or to pay unexpected expenses before your next pay day, there are a few points you should consider before you submit your online application. A payday loan can be approved in minutes, but you should never be so hasty about borrowing money.

Cash advances are the most expense way to borrow small amounts of cash

When you are in a hurry to obtain some cash to pay an unexpected bill then often you will not read the small print on a loan agreement. Payday loans are extremely expensive, with APR of up to 2000%. If you default on your repayment then the costs will rise considerably. Work out how much you will have to pay back and think long and hard before you apply

Cash advances are available without credit checks or faxes

One reason that a quick loan is so simple to obtain is because there is no paperwork to fill in. Your next wage will be kept as collateral against the money borrowed, this alleviating the necessity for credit checks. However, in order to make payday loans profitable to the lender, fees and interest rates are high, making them an extremely expensive way of borrowing a very small amount of money.

Cash advances need to be repaid in full on the day of your next pay check

When you apply for a quick loan, make sure that you will be able to pay the amount back in full and on time. If you fail to repay on time, the interest rates will be simply alarming. In factFree Reprint Articles, many people make the mistake of taking out a second short term loan in order to pay off just the interest on their first one; this is a grave mistake and one that will lead to debt.