Discount Motorcycle Insurance - It's Possible

This is a little ditty on discount motorcycle insurance. Some insurance companies will give a discount rate (or premium) if you show proof that you make efforts to be a responsible rider.

By insuring your motorcycle with some insurance companies, you may be eligible for many discounts that could significantly lower your insurance premium payments.

Some insurers will give discounts for experienced riders - for safety, and even a discount when you switch your motorcycle insurance to to their plan. If you're a lucky motorcycle insurance policy-holder, you might be eligible for the following discounts;

10% discount when you renew your motorcycle insurance with said motorcycle insurer

10% discount for completing a motorcycle safety foundation, or military safety course

20% discount if you are a current motorcycle safety foundation instructor

10% discount when you transfer your motorcycle insurance to with said Motorcycle insurer

10% discount if you insure more than one motorcycle

10% discount for mature riders

5% discount on your motorcycle policy if you also insure your car with with said motorcycle insurer

While discounts and low motorcycle insurance prices are a super reason to purchase your motorcycle insurance with these discount insurers, you want to make sure that you get coverage from a partner that has the financial stability to be there when the time comes.

FFELP - Direct Loans For Students

I was looking for some information on direct student loans the other day, and all i could find was this little piece from Ceciloans.com. Short and sweet, and delivers info on the FFELP program as well.

If you ask your old professors about direct student loans you will find that many of them never had this financial backing when they were undergraduates. American students now have federal grants, various scholarships, student aid programs and registered education funds put away.

Students who desire a direct loan must endure the paper trail that goes with it. There are many different educational resources regarding student loans and student loan management. I would highly recommend learning about the Direct Loan Program which is a federal program that disburses funds to families and schools for student enrollment fees.

I would call the U.S. Government department of education regarding their direct loan servicing center. You can call their eight hundred toll free number @ 848 0979 for information on direct loans for students.

There are two types of loans for students. There is the subsidized loan or the unsubsidized loan. A subsidized loan involves the the federal government paying all interest while you are in school. The unsubsidized loan means a student has to pay for all interest that grows during their years in university.

The FFELP loan know as the Federal Family Education Loan Program involves guaranteed student aid from private financing companies that is insured by the federal authorities. There are a hand full of different FFELP types as well. There is the "Federal Stafford Loan", the "Federal Plus Loan", the "Federal Student Consolidation Loan Program and the Federal SLS Program.

Student Loan Stuff From You Tube

 

Best Student Loan Repayment Plan

Make a solid plan to pay down all your student loan debt, in a realistic, and progressive fashion. Below is a quick and dirty piece on how to do just that.

Free yourself of this deep debt, and move on with your life. Leave behind the worries and stress that come with big debt. Roll up your sleeves, watch the secret, and get with it. 

The student loan industry is full of corruption, but you can get yourself free. You need to be free of crippling debt ASAP.

Checklist….    

Think about the affect of a consolidation on future payment options, cancellation options, and other borrower benefits such as interest rate discounts or principal rebates, which can significantly reduce the cost of repaying your loans.

You might lose some dis-charge advantages or deferment benefits if you include certain types of loans in your Consolidation Loan—Federal Perkins Loans, for example. To find out more about the impact consolidating might have on deferment and cancellation benefits, contact the holder of your loan.

If you decide consolidation is right for you, contact your lender to begin the consolidation process.

If already in re-payment, make sure to continue making payments on your loans until consolidation is completed.

/If you need immediate payment relief, request deferment or forbearance.

Determine monthly payment and total interest costs for Consolidation Loan and compare to cost of repaying loans without consolidation.

/For help in calculating monthly payments, contact your lender or loan servicer.

Take stock of your student loans.

/For information on your student loans, review your loan documents, and contact your lender or loan servicer.

If you are not in r-epayment status yet, estimate your monthly non-consolidated loan payment based on the current interest rate and your loan balance. You can get payment amounts by calling your lender or loan servicer.

Determine whether your monthly payment exceeds the percentage of your income to be allocated to student loan payment. This percentage should be based on a realistic budget.

/If payment exceeds monthly allocation, reevaluate budget and assess income situation.

Consider deferment or forbearance option for short-term payment relief needs.

/If debt relief needs are long term, consider consolidation.

If still in the grace period, consider consolidating approximately two months before the end of the grace period to allow enough time to have your Consolidation Loan processed before the grace period expires, yet not so early that you lose too much of your grace period if you have a FFEL Consolidation Loan.

For FFEL consolidation loans, if you consolidate during the grace period, you give up whatever portion of your grace period remains. You retain all of your grace period, however, if you have a Direct Consolidation Loan.) Some FFEL lenders offer to hold disbursement of Consolidation Loans until the end of the grace period to enable borrowers to minimize their interest rate and maximize their grace period.

Remember that if you consolidate during your grace period, you can lock in an interest rate at least a half percent lower than the current repayment rate.

When filling out the consolidation application, provide complete address information, include two references, and sign the promissory note.

Student Loan Industry Video From Youtube 

Points To Look at Before Getting a Motorcycle Loan

This is a well-hashed article online for motorcycle loans, but there is a reason for it. It’s general and to the point. From auto-loan-4u.com 

Here is a decent article for those looking for motorcycle financing, and on their way to buying a new bike.

Article Start

Many motorcycle buyers enter the showroom looking for a motorcycle before they determine how much money a motorcycle lender is willing to loan to them for the purchase of a motorcycle. There is no need to shop for a $19,000 Harley, if a lender is only willing to provide a loan amount of $9,000.

Also, once motorcycle buyers enter the showroom slick salespeople often pressure them into motorcycle loans with much higher internet rates than they could have gotten had they shopped for a motorcycle loan at a bank, credit union or online. Salespeople do not like motorcycle buyers to leave the dealership to get a motorcycle loan. In the salespersons mind this only increases the chance of loosing a sale and commission. Therefore, salespeople frequently try for a quick sale which normally results in pushing motorcycle buyers to get motorcycle financing at the dealership.

Diving into the unknown motorcycle loan. Motorcycle buyers often jump into motorcycle loans that they do not completely understand or may not be the best alternative for them. For instance, in today’s age manufacturers frequently run credit card motorcycle loan promotions on their private-label credit cards. But these promotions typically offer a low interest rate for a short term like 12 or 24 months and have a much higher interest rate after the short promotional term. On a credit card promotion if motorcycle buyers can not afford to pay off the loan during the short promotion period, then they are typically better taking a slightly higher interest rate on an installment motorcycle loan for a longer term.

Borrowing Too Much

The most common mistake the first time motorcycle buyer makes in not having a clear sense of how much motorcycle they can afford. This is especially true for young motorcycle buyers who look to buy the top sport bikes that cost up to $10,000 - $15,000. What they fail to realize is that financing a $10,000 - $15,000 motorcycle can stretch them to thin, resulting in them having little cash to enjoy themselves and the motorcycling lifestyle. They may also have too little cash to pay for insurance, maintenance, registration or new accessories for their motorcycle.

Not Enquiring Deep Enough

The first warning sign that motorcycle buyers should see is that if they do not understand the type of motorcycle loan, then they should be sure to ask a lot of questions.

Here are some good questions to ask:

• Is the interest rate fixed or variable? If fixed how long will it be fixed for?

• Are there circumstances that can make the interest rate on the motorcycle loan change in the future?

• What happens if a payment is 30 days late? Does the interest rate increase?

• What happens if a payment is 60 days late? Does the interest rate increase?

• How long is the term on the motorcycle loan?

• If the loan is an installment loan, does it use rule of 78 or simple interest? (Simple interest is always better because it does not penalize the motorcycle buyer if the loan is paid off early.)

• What is the down payment requirement to get the motorcycle loan?

• Is full coverage insurance required?

• How much is registration and are these fees included in the motorcycle loan?

• Are there any administrative fees to get the motorcycle loan and if so how much are the fees?

Basically, motorcycle buyers can avoid these common mistakes by spending a little extra time focusing on shopping for a motorcycle loan and asking lots of questions.

Article End

Jay Fran is a successful author and publisher at www.motorcycle-financing-guide.com. A comprehensive resource on how to have the best experience and get the best deal on motorcycle financing, bad credit motorcycle loans, high risk motorcycle loans and motorcycle buying.

 

Mortgage Refinance in Connecticut

Small bit on mortgage refinancing for residents living in the state of Connecticut.

Connecticut mortgage and refinance options areavailable for many consumers iin the state. If your house has gone up in value since you bought it or if you have paid a substantial portion of the mortgage down you may have unused equity available that you can use to negotiate a refinanced mortgage.

Many Connecticut banks are waiting for you to come in and discuss refinancing since rates are so low and competition is so great. If you plan to refinance your existing home, you may need an appraisal to be completed to establish the current value of your home.

Once this is complete you will have some idea of how much capital will be available to you when you refinance your mortgage. Consumers can use these extra funds for all kinds of purposes. Many consumers will use these extra mortgage funds to pay off a car loan, or credit cards that may have been maxed out, or just go on the vacation of a lifetime.

Regardless of how you use your mortgage funds, refinancing does not have to be expensive. With competition and a bit of comparison-shopping, many banks will consider absorbing any appraisal fees and bank administration fees in order to obtain your mortgage business.

You are perceived as a good risk since you have a home and the mortgage is being placed against it as security. A good deal for the mortgage company and a good deal for you.