Cash Advance - Save Time With Payday Loans

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Personal Secured Loans and Information
Here is a useful guide to personal secured loans. A personal secured loan is the generic term for a loan. A personal secured loan is secured against your home to act as security to the lender for the money you have borrowed.

A personal secured loan is often referred to as a homeowner loan. Personal secured loans are an ideal solution for homeowners who have recently been refused a perso... Read loans article



Homeowner Loans - Useful Information
Here is a useful guide to Homeowner Loans. A Homeowner Loan is a loan secured against your home. Homeowner loans can help you unlock capital tied up in your home. They offer solutions that many other loans do not offer, like long repayment terms. Homeowner loans are secured against your home which will be at risk if you can not meet your repayments.

Homeowner loans are a popular secured... Read loans article



Cash Advance - Save Time With Payday Loans
Are you looking for the most hassle-free way to get your payday or cash advance loan? Applying for and receiving your cash advance loan through a company online, is a good idea if you are looking for the easy way to get the loan done. Just make sure the company you go through is reputable so that you don't have to worry about spam or fraud with your loan application.

Is It The Fastest Way? You may think that a faxless or paperless loan application process is the fastest way to get a payday loan. Its true that it can save you a trip to your local copy store, faxing the paperwork in. However, keep in mind that if a company offers a "no fax" application process, that might add an extra day or two until you actually get your loan money deposited into your bank account. Double check with the company you go through to be sure when you are going to get the cash deposited into your account.

Who Offers A Faxless Application Process? Some payday or cash advance lenders online offer faxless application processes and some don't. Then, there are other companies who will give you a choice of either choosing the faxless process or of faxing in your verification papers. With the companies that offer both options, usually you will just need to wait longer to receive your cash deposit with the the fax free process.

Compare Rates - Make sure you compare rates. If the companies that ask you to fax in your documents can offer you lower fees than the companies who offer you a faxless program, go the extra mile to fax in that paperwork.

Fax Once, Thats It - Some companies will ask you to fax in the paycheck and bank statement verification the first time, but not for any following loans. It may be worth doing once, and then having the process quick and automated the other times you need a loan.

To view our list of recommended payday loan companies online, visit this page: Our Recommended Payday and Cash Advance Lenders Online.

Carrie Reeder is the owner of ABC Loan Guide, an informational website about various types of loans.

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College Financing-The HELOC and the 529 Plan

Since HELOCs are excellent tools for handling irregular expenses, it makes sense that lots of people are turning to them to provide additional cash for college. Usually a student applies for as much scholarship, grant or student loan money as he/she is eligible, then the parent will make up the difference, if needed, by accessing home equity with a HELOC. This arrangement works well for many reasons: 1) The HELOC allows the parent to pull out only as much money as needed at a time without having to borrow (and make payments on) a large lump sum; 2) As the payments are interest only for up to 15 years, repayment is easier on the parent's pocketbook; 3) The credit line doesn't have to be used specifically for tuition. It can also provide money for additional expenses such as housing, books, transportation, etc.; and 4) The payments are usually tax deductible (consult your tax advisor).

The scenario above illustrates how most people use HELOCs to help get their kids through school. However, a recent conversation with some colleagues brought up the question of whether or not a HELOC could be used as a vehicle to fully fund a college education. Surprisingly, the answer may very well be yes and doing so could even save you money!

Consider the following scenario:

If you have a child who is 8 years old today, he or she will ideally be ready to enroll in college in ten years. If tuition is currently $5,000 per year, you would need a minimum of $20,000 for four years of school at today's tuition rate. Unfortunately, with ten years before your child leaves for State U, you will have to account for inflation, which, according to the U.S. Bureau of Labor Statistics, is currently around 5% for higher education. That means that ten years from now the same school would cost not $20,000 but $35,104. Assuming you have nothing saved now, you would need to put at least $292.53 under your mattress each month in order to pay for four years of school.

Creative financing may create a viable alternative.

529 plans are becoming an increasingly more popular means for parents to pay for their children's educations. The 529, named for the government regulation that pertains to the program, is a plan that allows parents to pre-pay a future college education at today's prices. Using our previous illustration, $20,000 paid now would pay for four years education at Imaginary State U at any future date. The challenge for most of us would be where to get the $20,000.

If you don't have that kind of cash readily available to you, one option might be to use you home equity.

Read this carefully before you try this at home.

Let's say you went to MrHELOC.com and made arrangements to get a Home Equity Line of Credit. You could write a check against the line for $20,000 and pre-pay college at today's price. At today's prime rate of 6.5% your monthly, interest only, tax deducible payment would be only $108.33.

In theory, by using creative financing (a HELOC), you could conceivably provide your child a completely funded college education at a savings of $184.20 per month. If you consider the fact that college graduates earn an average of about *70% more income than non-graduates, it's certainly something to think about.

*Data reported in U.S. Government Statistics

Copyright © 2005 Robert E. Jones, Jr.

Robert E. Jones is a Mortgage Loan Officer with years of experience helping homeowners manage their debt.

He is also known as "Mr. HELOC".

Robert has an established reputation as a creative problem solver. He specializes in helping homeowners use their equity and credit to achieve their personal and financial goals and overcome difficult situations.

If you have questions about HELOCs or creative financing, you can contact him by visiting http://www.mrheloc.com


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Cash Advance - Save Time With Payday Loans
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