Owning a boat of your own is a matter of privilege. You can explore the wonders of the sea with your own boat rather than renting a boat, which is available for a limited time span. What is stopping you from buying a boat of your own? Is it lack of sufficient funds in your account? If your answer is yes, then no need to worry any longer, boat loans are here to help you get your dream boat.
Boat loans ,facilitate the UK residents with an opportunity to buy a boat of their choice. For some of you a boat may be a passion while for others it could be just a luxurious item. You can choose the boat that suits your personality and need from the variety of boats available in the market ranging from a powered speed boat to a narrow boat and a house boat to a smaller cruiser.
If you have decided to take a boat loan you need to keep few points in consideration. First and the foremost thing you need to do is to decide which boat do you wish to buy and find out its price, this will help you in determining how much funds do you need. The next thing is to unearth how much money do you have which you can invest in purchasing the boat. Both these steps will help you in finding how much money do you exactly need to borrow with a boat loan.
Lenders in the UK offer boat loans ranging from £10,000 to £10,000,000. Thus, you can design your budget accordingly. The best thing about boat loans is that they get approved easily and quickly. Boat loans are usually offered for a term of 5 to 25 years. The amount you can get with a boat loan depends on your credit history as well as your repayment capability.
There are two types of boat loans available in the loan market – secured and unsecured boat loan. Secured boat loan requires a borrower to put some kind of collateral to become eligible for the loan. Tenants can apply for an unsecured boat loan, which does not require a borrower to put a security against the loan. In the same way, homeowners who wish to protect their home from the risk of repossession too can apply for an unsecured boat loan.
Boat loans are offered at both fixed as well as variable rate. In case of a fixed rate loan, you will have to pay fixed sum of money every month, this loan option will help you in accommodating your budget each month. On the other hand, in variable rate loan or adjustable rate loan the interest rate fluctuates with market interest rate. This interest rate loan option will allow you to take advantage of the falling market interest rate. You can choose the interest rate option as per your
Do take into consideration the various fees associated with the boat loan that sometime results in a low cost seeming loan turning out to be costly. A boat loan may accounts for fees such as underwriting fees, processing fees, cost of credit report, and other related costs. Make sure to consider all the cost involved which will help you in deciding which loan option is best suited to your needs.
When you reach out in the market to find the best boat loan there will be enormous number of lenders offering you great loan deals. Now, you have to decide whether want to undergo the lengthy stressful loan process or a fast, easy and cheap loan. Majority of you will opt for second option as everyone wish to save his or her valuable time and money. Online lenders aim to provide you with the comfort of getting a cheap and fast boat loan arranged.
It is easy to apply for a boat loan; you just need to fill in an online loan application form with some of your personal and financial information. Lenders will get back to you with the loan deals they find appropriate for you. Don't accept the very first loan deal you get. Search around, collect loan quotes from lenders and compare them to find the loan deal that you find to be perfect matching your needs and desires to the best.
Exploring the wonders of the sea with a boat of your own, this may be a dream come true for some of you. Don't let this dream fade away. Borrow a boat loan and get the finance you need to finance your dream boat.
Monday, August 30, 2010
The Lure Of The Nylon String Guitar
As a fan of the electric guitar and an enthusiastic player of acoustic music, I would like to share some of the most fascinating aspects of the nylon string guitar to give you an idea of the beauty of this instrument as a stepping stone for beginner guitarists or as the subject of a lifelong devotion. Although a nylon string guitar fan can go on and on about the wonderful mellow sound and the potential for extracting new meaning from music, maybe we can focus on the more practical aspects of the nylon string acoustic like the different styles of music played on it and the advantages it can hold for an amateur or professional guitarist.
First let's talk about the types of guitars using nylon strings. Many experts say the flamenco guitar with its dry sound is more typical of what a guitar was like before the emergence of the sonorous and lyrical sound of the classical guitar which evolved in the first half of the twentieth century. The flamenco guitar has always been common in some areas of Spain, and it is simply the musical instrument used by a family or group of friends to play the local folk music. The classical guitar was developed to play the classical style compositions which became popular in the nineteenth and twentieth centuries. A descendent of the classical guitar is the basic nylon string acoustic guitar you see in music stores today. It lends itself to the accompaniment of all types of songs and was made popular in the 1960's folk boom by artists like Pete Seeger, Bob Dylan and Peter, Paul And Mary. These artists captured the public's imagination with their songs and planted the sound of the nylon string guitar firmly in the realms of popular music.
The sound of the nylon string guitar is much more peaceful compared to the brighter sound of the steel string acoustic. Another major advantage of the nylon string guitar is that it provides musical accompaniment to songs without distracting attention from your vocals.
By the way - did you know that players of electric guitars or steel string acoustic instruments need to develop callouses on their left hand fingers? Nylon strings are generally a little kinder to your hands. You will find that your nylon string guitar is easy to tune and you can just pick your guitar up and play it at any time of day or night without disturbing anybody in the immediate environment. Also the wider fret board allows you to play chords and single notes without accidentally touching the wrong string.
Nylon string guitars are kinder to finger picking guitarists. Anybody can learn finger style guitar on nylon strings without running too much risk of breaking fingernails, plus you will be pleased at how your first finger picking efforts are rewarded by the more beginner-friendly tone of the nylon acoustic.
Now you have some idea of the attractive aspects of the nylon string acoustic guitar, I do hope you will find some time to devote to this beautiful and, in recent times, neglected instrument.
First let's talk about the types of guitars using nylon strings. Many experts say the flamenco guitar with its dry sound is more typical of what a guitar was like before the emergence of the sonorous and lyrical sound of the classical guitar which evolved in the first half of the twentieth century. The flamenco guitar has always been common in some areas of Spain, and it is simply the musical instrument used by a family or group of friends to play the local folk music. The classical guitar was developed to play the classical style compositions which became popular in the nineteenth and twentieth centuries. A descendent of the classical guitar is the basic nylon string acoustic guitar you see in music stores today. It lends itself to the accompaniment of all types of songs and was made popular in the 1960's folk boom by artists like Pete Seeger, Bob Dylan and Peter, Paul And Mary. These artists captured the public's imagination with their songs and planted the sound of the nylon string guitar firmly in the realms of popular music.
The sound of the nylon string guitar is much more peaceful compared to the brighter sound of the steel string acoustic. Another major advantage of the nylon string guitar is that it provides musical accompaniment to songs without distracting attention from your vocals.
By the way - did you know that players of electric guitars or steel string acoustic instruments need to develop callouses on their left hand fingers? Nylon strings are generally a little kinder to your hands. You will find that your nylon string guitar is easy to tune and you can just pick your guitar up and play it at any time of day or night without disturbing anybody in the immediate environment. Also the wider fret board allows you to play chords and single notes without accidentally touching the wrong string.
Nylon string guitars are kinder to finger picking guitarists. Anybody can learn finger style guitar on nylon strings without running too much risk of breaking fingernails, plus you will be pleased at how your first finger picking efforts are rewarded by the more beginner-friendly tone of the nylon acoustic.
Now you have some idea of the attractive aspects of the nylon string acoustic guitar, I do hope you will find some time to devote to this beautiful and, in recent times, neglected instrument.
Private Jet Planes: The New Status Symbol
Private jet planes are the new status symbol to show that you are one of the richest people in the world. Everyone seems to be buying private jets now. All of these jets are being completely gutted and redone inside and out. Not too long ago, it was a big deal for a person to own a small propeller plane with about ten seats in it. Now many very famous and rich people are buying large jumbo jets and turning them into hotels and clubs in the air. I think that the movie Soul Plane helped to shed some light on and poke some fun at this growing trend of "pimping" out private jet planes. This movie went a little overboard on the types of accessories that most people would put in their private jet plane, but it also showed some of the things that people actually do have in their private jets.
There have been many news stories about celebrities buying private jet planes for millions of dollars, and then spending two or three times more to get the planes designed and furnished exactly the way that they want them. Most of the time in these large jumbo jet planes, the seating will be completely removed, and other amenities will be put in their place. Some of the time the seating in the plane goes from three hundred to about twenty five. However the twenty five seats that are still available are usually recliners or sofas, which will make any trip much more enjoyable. Also these private jet planes usually have some sort of bedroom, maybe a bar, and sometimes even a dance floor built-in. Others have a dining table, many televisions, chandeliers, and other accessories to make the private plane feel like home.
Personally, I believe that all of this extravagance is a bit too much, but I think that people should be able to spend their money in whatever way they see fit. So if anyone out there would like to invite me to take a ride on one of these over extravagant private jet planes, I think I would not have a problem saying yes, and go along for the ride. Anyone wanna make me an offer?
There have been many news stories about celebrities buying private jet planes for millions of dollars, and then spending two or three times more to get the planes designed and furnished exactly the way that they want them. Most of the time in these large jumbo jet planes, the seating will be completely removed, and other amenities will be put in their place. Some of the time the seating in the plane goes from three hundred to about twenty five. However the twenty five seats that are still available are usually recliners or sofas, which will make any trip much more enjoyable. Also these private jet planes usually have some sort of bedroom, maybe a bar, and sometimes even a dance floor built-in. Others have a dining table, many televisions, chandeliers, and other accessories to make the private plane feel like home.
Personally, I believe that all of this extravagance is a bit too much, but I think that people should be able to spend their money in whatever way they see fit. So if anyone out there would like to invite me to take a ride on one of these over extravagant private jet planes, I think I would not have a problem saying yes, and go along for the ride. Anyone wanna make me an offer?
When the Morning Dawns
The following article covers a topic that has recently moved to center stage--at least it seems that way. If you've been thinking you need to know more about unconditional love, here's your opportunity.
When darkness turns to day, the sun moves over the horizon and touches everything in sight. This movement across the landscape brightens everything. Such an illumination awakens us all. We rise with energy moving in and through us allowing us to create a new day. A day unique from all the rest and creatively woven into our soul.
This is the landscape of our soul. As you can see, nature has a way of showing us just how powerful we are. The same power that created the moon and the stars and the movement of all space and time lies within the human heart. It is the heart of creation itself, and perhaps, the heart of our Creator.
Human beings are fortunate to be able to be aware of our awareness. This awareness gives us an opportunity to reflect on our soul and find blessing in being alive. Our consciousness of a creative force inside us guiding us into this world, through it, and eventually to our eternal home allows us to fulfill a purpose on this earth.
Such a purpose is beyond our own ability to really know. Yet, we can open our heart enough to allow our purpose to find us. This is done by recognizing that the things in life that really matter ARE the things in life that isn't matter.
Yes, it is our soul's longing to fulfill the purpose for which we came to earth for. No one really knows how a baby is conceived totally. Science and human understanding still hasn't been able to fully comprehend such a force of nature. We can only embrace what is beyond us and find a way to bring into being forces of nature such as a tiny child.
When a child is born, we are in awe. The miracle of birth creates something inside us all. It is the remembrance that life does not come from us. Instead, life comes through us. As such, we are living in a dream come true. All of us are probably living our soul's purpose more than we know, and even, can know. It is the mystery of all mysteries.
This does not explain why some of us find peace and other's find pain. But, such a philosophy will enable us all to find grace in knowing our lives create in our world facets of ourselves we all are a part of. An understanding of such grace gives every one of us a chance to find mercy and grace and the same unconditional love we came into the world with when we were born.
Samuel Oliver, author of, "What the Dying Teach Us: Lessons on Living"
For more on this author; http://www.soulandspirit.org
When darkness turns to day, the sun moves over the horizon and touches everything in sight. This movement across the landscape brightens everything. Such an illumination awakens us all. We rise with energy moving in and through us allowing us to create a new day. A day unique from all the rest and creatively woven into our soul.
This is the landscape of our soul. As you can see, nature has a way of showing us just how powerful we are. The same power that created the moon and the stars and the movement of all space and time lies within the human heart. It is the heart of creation itself, and perhaps, the heart of our Creator.
Human beings are fortunate to be able to be aware of our awareness. This awareness gives us an opportunity to reflect on our soul and find blessing in being alive. Our consciousness of a creative force inside us guiding us into this world, through it, and eventually to our eternal home allows us to fulfill a purpose on this earth.
Such a purpose is beyond our own ability to really know. Yet, we can open our heart enough to allow our purpose to find us. This is done by recognizing that the things in life that really matter ARE the things in life that isn't matter.
Yes, it is our soul's longing to fulfill the purpose for which we came to earth for. No one really knows how a baby is conceived totally. Science and human understanding still hasn't been able to fully comprehend such a force of nature. We can only embrace what is beyond us and find a way to bring into being forces of nature such as a tiny child.
When a child is born, we are in awe. The miracle of birth creates something inside us all. It is the remembrance that life does not come from us. Instead, life comes through us. As such, we are living in a dream come true. All of us are probably living our soul's purpose more than we know, and even, can know. It is the mystery of all mysteries.
This does not explain why some of us find peace and other's find pain. But, such a philosophy will enable us all to find grace in knowing our lives create in our world facets of ourselves we all are a part of. An understanding of such grace gives every one of us a chance to find mercy and grace and the same unconditional love we came into the world with when we were born.
Samuel Oliver, author of, "What the Dying Teach Us: Lessons on Living"
For more on this author; http://www.soulandspirit.org
Agriculture Directory is an Essential Aid in Modern World
An online agriculture directory is an excellent aid that can support modern day farming. These days, agriculture resembles an industrial activity, very different from the farming practices of our forefathers.
Today's cultivator needs equipment like tractors and harvesters, input materials like seeds, pesticides and weedicides, services like soil analysis and expert consultancy on different matters.
The term agriculture today includes more than cultivating the land for grains. It also means horticulture, grazing, vineyards, timber growing, dairy farming, poultry farming and fish farming, for example. Considering this wider meaning, the materials, services and information needs of the modern day agriculturist is wide-ranging.
An online directory that provides instant access to sources of supplies and information is indeed a great support facility for the agriculturist.
Topics Covered by an Agriculture Directory
The topics covered by an agriculture directory these days are wide-ranging. Extracts from the main categories of a major agriculture directory illustrates the variety:
Bees and Honey
Cattle
Horse
Insurance & Financing
Import Export
Rabbits
Barns & Structures
Arts & Crafts
Seed Companies
Equestrian Sport
Agritourism
Equipment Dealers
Government
Fencing
Sustainable Agriculture
Plant Diseases
Education
Forestry
Veterinary Medicine
Rural Sociology
The above is only a sample meant to illustrate the variety of topics relevant to agriculturists.
Basic Functions of Agriculture Directories
Serving the needs of agriculturists is a prime function of the directories. Agriculturists need seeds, fertilizers, pesticides, weedicides, tractors, harvesters, soil analysis services; best practices case histories and other inputs for their agricultural activities. They also need marketing support in the forms of information on markets, lists of marketing agencies, government support programs and so on. A good agriculture directory provides links to relevant resources for meeting these requirements.
Agriculture is not just cultivation and today's agriculture directories also include links to such resources as horse racing, farm tourism, government regulations, rural arts and crafts and so on.
Promoting the agricultural activities in a country is another objective served by national agriculture directories that focus on the suppliers in one particular country. . Exporters in the country would be supported by information about export possibilities, lists of overseas importers, details of government support programs and so on. Importers in other countries would be better able to source their requirements with the help of such regional directories
Different Kinds of Agriculture Directories
Considering the many areas covered or touched by agriculture, it offers scope for many niche directories. We look at a few and their significance below.
EQUINE WEB SITES: Includes links to horse breeders, riding stables, horse racing and such equine topic related web sites.
REGIONAL DIRECTORIES: National directories listing agricultural suppliers located in a country are quite common.
AGRICULTURAL RESOURCES: With links to universities, publications, weather, news and other resources of value to agriculturists and related businesses.
Here again, we have only touched upon the variety. If you look around, you would find a resource that caters to your particular agriculture related niche.
Conclusion
Agriculture is not confined to cultivating the land. In today's context, it includes even such apparently different activities as equine sports, farm tourism and rural arts, in addition to conventional resources like seeds, fertilizers, pesticides, tractors, harvesters, etc required by cultivators. The agriculture directory of today will also include links to resources needed by animal, poultry and fish farmers, horticulturists, forestry and other activities covered by the term agriculture.
Agriculture directory resources will also cover support activities like insurance, finance, marketing, education and news. Agriculture today is more like an industry that needs information and technology, in addition to conventional inputs outlined earlier.
Today's cultivator needs equipment like tractors and harvesters, input materials like seeds, pesticides and weedicides, services like soil analysis and expert consultancy on different matters.
The term agriculture today includes more than cultivating the land for grains. It also means horticulture, grazing, vineyards, timber growing, dairy farming, poultry farming and fish farming, for example. Considering this wider meaning, the materials, services and information needs of the modern day agriculturist is wide-ranging.
An online directory that provides instant access to sources of supplies and information is indeed a great support facility for the agriculturist.
Topics Covered by an Agriculture Directory
The topics covered by an agriculture directory these days are wide-ranging. Extracts from the main categories of a major agriculture directory illustrates the variety:
Bees and Honey
Cattle
Horse
Insurance & Financing
Import Export
Rabbits
Barns & Structures
Arts & Crafts
Seed Companies
Equestrian Sport
Agritourism
Equipment Dealers
Government
Fencing
Sustainable Agriculture
Plant Diseases
Education
Forestry
Veterinary Medicine
Rural Sociology
The above is only a sample meant to illustrate the variety of topics relevant to agriculturists.
Basic Functions of Agriculture Directories
Serving the needs of agriculturists is a prime function of the directories. Agriculturists need seeds, fertilizers, pesticides, weedicides, tractors, harvesters, soil analysis services; best practices case histories and other inputs for their agricultural activities. They also need marketing support in the forms of information on markets, lists of marketing agencies, government support programs and so on. A good agriculture directory provides links to relevant resources for meeting these requirements.
Agriculture is not just cultivation and today's agriculture directories also include links to such resources as horse racing, farm tourism, government regulations, rural arts and crafts and so on.
Promoting the agricultural activities in a country is another objective served by national agriculture directories that focus on the suppliers in one particular country. . Exporters in the country would be supported by information about export possibilities, lists of overseas importers, details of government support programs and so on. Importers in other countries would be better able to source their requirements with the help of such regional directories
Different Kinds of Agriculture Directories
Considering the many areas covered or touched by agriculture, it offers scope for many niche directories. We look at a few and their significance below.
EQUINE WEB SITES: Includes links to horse breeders, riding stables, horse racing and such equine topic related web sites.
REGIONAL DIRECTORIES: National directories listing agricultural suppliers located in a country are quite common.
AGRICULTURAL RESOURCES: With links to universities, publications, weather, news and other resources of value to agriculturists and related businesses.
Here again, we have only touched upon the variety. If you look around, you would find a resource that caters to your particular agriculture related niche.
Conclusion
Agriculture is not confined to cultivating the land. In today's context, it includes even such apparently different activities as equine sports, farm tourism and rural arts, in addition to conventional resources like seeds, fertilizers, pesticides, tractors, harvesters, etc required by cultivators. The agriculture directory of today will also include links to resources needed by animal, poultry and fish farmers, horticulturists, forestry and other activities covered by the term agriculture.
Agriculture directory resources will also cover support activities like insurance, finance, marketing, education and news. Agriculture today is more like an industry that needs information and technology, in addition to conventional inputs outlined earlier.
Negotiating With Your Lender
If the foundations of your financial world are crumbling inwardly, and the black words 'foreclosure' and 'short sale' are hanging heavy in your heart, you are not alone. 'Hope Now' and 'Project Lifeline' are newly formed organizations that may be able to help you.
Foreclosure feels like financial ruin, and even though you are out of energy, you must try everything you can to avoid it. This way, if foreclosure comes, you can at least know that it was inevitable.
Before you start down this dark track, have you tried to approach your Lender? He probably has no idea that you may be floundering. The Lender who paid for your property, be it a regular bank or a private Lender, will not want to take your house back. If there is a way for him to work out a deal with you, he may be glad of the opportunity.
The Lender does not want to take your house away; he wants to make his interest on your loan. He also knows that we now have a buyer's market, which makes it more difficult for Lenders to sell properties.
The Lender would like you to keep the property and carry on with your part of the deal - which was to make monthly payments to him. If you go into a foreclosure or sell by a short sale, the Lender stands to lose money.
Therefore, whether you are financed through a bank or a mortgage company, your first move is to make an appointment with your Lender to talk things over. Perhaps you can negotiate for some extra help.
For instance, do you think that if you were allowed to miss three months mortgage payments (and tack them onto the end of the amortization period), then you would be able to keep up the current payments? Sometimes just being in arrears is a vicious circle and if once caught up to date, is easier to manage.
In some cases, the Lender may offer to help you to re-finance your mortgage, and make the payments smaller for a time. There is also a government backed organization out there that is offering to help people on the verge of foreclosure. One of their conditions is that you must contact them before the procedure begins; they are found on line at 'HopeNow.com'.
You can also get in touch with 'Project Lifeline', a newly developed helping agency. They are proving effective in staving off foreclosures for all types of mortgages including sub prime, equity and second liens. They can help almost anyone, other than home owners with a foreclosure coming up before mid-March.
One of their strategies is to 'pause' everything while they investigate your own personal scenario. If you do not know how to contact them using the Internet, ask your local librarian to help you.
Your Lender may be willing to help you to apply to these organizations for help; he may know the procedures better than you. Refinanced mortgages with fixed rates are available now for homeowners struggling with sub-prime mortgages.
At the moment HopeNow is looking at the most serious cases, as its mandate is to avoid as many foreclosures as possible. This will be an ongoing process because many mortgage holders could face even more increases in their mortgages in the next two years.
This means that when you write to them, you need to state your case clearly, and do not feel shy about writing out your worst financial problems and the amount of money that you will lose, and how many children you have that will be homeless.
In some cases the help from HopeNow can come in the form of an interest rate freeze, rather than a complete change in mortgage plan, but this freeze will serve to tide mortgage holders over until they can re-finance without the panic of foreclosure over their heads.
HopeNow has been created by lenders in the mortgage services field who represent 90% of the sub prime market. There are at least 2 milllion sub prime mortgage holders. This outreach program often contacts lenders before they get to foreclosures and offers to help them. Visit their web site.
This help is a blessing for the nation as well as the individual people in distress; once the foreclosure problem is faced and dealt with by a system that has government backing, the property market will not have a glut and prices will be re-established and sales will continue at a more normal pace.
If you feel that foreclosure is inevitable, then think about negotiating for a short sale. This will at least save your credit rating. Not all Lenders will agree to it and not all properties qualify for it. It also leaves you with a tax bill, but that is not an immediate concern.
You will need to send a hardship letter to the Lender, or more specifically, the person who can make the decision. Do not hold back on this letter. You also need to send a list of assets and proof of income. The list must show that you have no money, savings or anything that can be liquidated.
If this list of assets indicates that you 'stretched the truth' when applying for the mortgage, you will have to be extra humble! Remember, this Lender is going to lose his money too; you need him to be on your side, so try to understand his point of view.
You also need a current market evaluation from your real estate agent. If you have an interested buyer - that is even better. However, there is lots of negotiation involved with short sales, even if initially agreed upon, and both sides must have endless patience. Only tread this path if you cannot get help from either 'HopeNow' or 'Project Lifeline'.
Foreclosure feels like financial ruin, and even though you are out of energy, you must try everything you can to avoid it. This way, if foreclosure comes, you can at least know that it was inevitable.
Before you start down this dark track, have you tried to approach your Lender? He probably has no idea that you may be floundering. The Lender who paid for your property, be it a regular bank or a private Lender, will not want to take your house back. If there is a way for him to work out a deal with you, he may be glad of the opportunity.
The Lender does not want to take your house away; he wants to make his interest on your loan. He also knows that we now have a buyer's market, which makes it more difficult for Lenders to sell properties.
The Lender would like you to keep the property and carry on with your part of the deal - which was to make monthly payments to him. If you go into a foreclosure or sell by a short sale, the Lender stands to lose money.
Therefore, whether you are financed through a bank or a mortgage company, your first move is to make an appointment with your Lender to talk things over. Perhaps you can negotiate for some extra help.
For instance, do you think that if you were allowed to miss three months mortgage payments (and tack them onto the end of the amortization period), then you would be able to keep up the current payments? Sometimes just being in arrears is a vicious circle and if once caught up to date, is easier to manage.
In some cases, the Lender may offer to help you to re-finance your mortgage, and make the payments smaller for a time. There is also a government backed organization out there that is offering to help people on the verge of foreclosure. One of their conditions is that you must contact them before the procedure begins; they are found on line at 'HopeNow.com'.
You can also get in touch with 'Project Lifeline', a newly developed helping agency. They are proving effective in staving off foreclosures for all types of mortgages including sub prime, equity and second liens. They can help almost anyone, other than home owners with a foreclosure coming up before mid-March.
One of their strategies is to 'pause' everything while they investigate your own personal scenario. If you do not know how to contact them using the Internet, ask your local librarian to help you.
Your Lender may be willing to help you to apply to these organizations for help; he may know the procedures better than you. Refinanced mortgages with fixed rates are available now for homeowners struggling with sub-prime mortgages.
At the moment HopeNow is looking at the most serious cases, as its mandate is to avoid as many foreclosures as possible. This will be an ongoing process because many mortgage holders could face even more increases in their mortgages in the next two years.
This means that when you write to them, you need to state your case clearly, and do not feel shy about writing out your worst financial problems and the amount of money that you will lose, and how many children you have that will be homeless.
In some cases the help from HopeNow can come in the form of an interest rate freeze, rather than a complete change in mortgage plan, but this freeze will serve to tide mortgage holders over until they can re-finance without the panic of foreclosure over their heads.
HopeNow has been created by lenders in the mortgage services field who represent 90% of the sub prime market. There are at least 2 milllion sub prime mortgage holders. This outreach program often contacts lenders before they get to foreclosures and offers to help them. Visit their web site.
This help is a blessing for the nation as well as the individual people in distress; once the foreclosure problem is faced and dealt with by a system that has government backing, the property market will not have a glut and prices will be re-established and sales will continue at a more normal pace.
If you feel that foreclosure is inevitable, then think about negotiating for a short sale. This will at least save your credit rating. Not all Lenders will agree to it and not all properties qualify for it. It also leaves you with a tax bill, but that is not an immediate concern.
You will need to send a hardship letter to the Lender, or more specifically, the person who can make the decision. Do not hold back on this letter. You also need to send a list of assets and proof of income. The list must show that you have no money, savings or anything that can be liquidated.
If this list of assets indicates that you 'stretched the truth' when applying for the mortgage, you will have to be extra humble! Remember, this Lender is going to lose his money too; you need him to be on your side, so try to understand his point of view.
You also need a current market evaluation from your real estate agent. If you have an interested buyer - that is even better. However, there is lots of negotiation involved with short sales, even if initially agreed upon, and both sides must have endless patience. Only tread this path if you cannot get help from either 'HopeNow' or 'Project Lifeline'.
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