Wednesday, April 13, 2011
Tuesday, April 12, 2011
Saturday, August 14, 2010
MORTGAGE IN THE USA LOAN
A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan. However, the word mortgage alone, in everyday usage, is most often used to mean mortgage loan...
A home buyer or builder can obtain financing (a loan) either to purchase or secure against the property from a financial institution, such as a bank, either directly or indirectly through intermediaries. Features of mortgage loans such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan, and other characteristics can vary considerably.....
In many countries, though not all (Iran and Bali, Indonesia are two exceptions[1]), it is normal for home purchases to be funded by a mortgage loan. Few individuals have enough savings or liquid funds to enable them to purchase property outright. In countries where the demand for home ownership is highest, strong
Predatory Lending Practices: Car Title Loans
Car title loans are frequently used by those in desperate situations. The car title loan industry has received a lot of negative attention for predatory lending practices. Here are a few reasons that
Interest Rates
One of the biggest reasons that you should try to avoid dealing with car title lenders is the interest that you will pay. The interest rates associated with car title loans are extremely high and could be considered usury. Since the loan is typically for only 30 days, you might not think that the interest rate is that high. Many people are so desperate that they will gladly agree to any interest rate that is put in front of them. However, when you take the time to calculate the rate, it comes out to as much as an APR of 300. Therefore, you are paying an unbelievably high rate of interest compared to that on almost any other type of loan. If faced with the possibility of using this type of loan, you need to decide if paying that much interest is worth getting access to the money that you need.
Fees
In addition to unbelievably high interest rates, car title loans are also known for excessive fees. At the beginning of the loan, you may have to pay a fee that is referred to as a processing fee, application fee or origination fee. If you are ever late on making a payment, they will also charge you a significant amount for a late fee. With these loans, you can eventually end up spending more money in late fees than you borrowed for the loan. Therefore, if you do decide to get this type of loan, make sure that you make your payments on time. Otherwise, you could be faced with a very long-term debt problem.
Disproportionate Loans
Another problem with these types of loans is that you are often putting up much more collateral that is required for the amount of money that you are borrowing. In order to get a car title loan, you have to agree to hand over the title to your car. You also have to be able to prove that you have the car paid off and that there are no liens on the title. If for some reason you cannot repay the loan, they have the right to take your car. They can then sell the car and keep the money. The problem with this scenario is that the value of your car is typically higher than the amount of money that you are borrowing. Therefore, if you do not repay the loan, the lender is going to come out ahead with this deal. This means that you are risking significantly more than you are receiving. If you decide to go ahead and pursue this type of loan, make sure that it is worth the risk of losing your car and all of the money that you have put into it.
This Time the Dream’s on Me
The relationship between movies and dreams has always been — to borrow a term from psychoanalysis — overdetermined. From its first flickerings around the time Freud was working on “The Interpretation of Dreams,” cinema seemed to replicate the uncanny, image-making power of the mind, much as still photography had in the decades before. And over the course of the 20th century, cinema provided a vast, perpetually replenishing reservoir of raw material for the fantasies of millions of people. Freud believed that dreams were compounded out of the primal matter of the unconscious and the prosaic events of daily life. If he were writing now, he would have to acknowledge that they are also, for many of us, made out of movies.
And movies, more often than not these days, are made out of other movies. “Inception,” Christopher Nolan’s visually arresting, noir-tinged caper, is as packed with allusions and citations as a film studies term paper. Admirers of Ridley Scott’s “Blade Runner” and Stanley Kubrick’s “2001” will find themselves in good company, though “Inception” does not come close to matching the impact of those durable cult objects. It trades in crafty puzzles rather than profound mysteries, and gestures in the direction of mighty philosophical questions that Mr. Nolan is finally too tactful, too timid or perhaps just too busy to engage.
So “Inception” is not necessarily the kind of experience you would take to your next shrink appointment. It is more like a diverting reverie than a primal nightmare, something to be mused over rather than analyzed, something you may forget as soon as it’s over. Which is to say that the time — nearly two and a half hours — passes quickly and for the most part pleasantly, and that you see some things that are pretty amazing, and amazingly pretty: cities that fold in on themselves like pulsing, three-dimensional maps; chases and fights that defy the laws that usually govern space, time and motion; Marion Cotillard’s face.
Ms. Cotillard, her most famous movie role evoked by occasional eruptions of Édith Piaf on the “La Vie en Rose” soundtrack, is the film’s principal enigma and its chief signifier of emotion. She is not, however, exactly a character in “Inception.” Rather, at least as far as a first-time viewer can guess, she is a projection in the subconscious of her husband, a specialist in corporate mental espionage known as Cobb and played by Leonardo DiCaprio with some of the same twitchy melancholy he brought to “Shutter Island.”
A home buyer or builder can obtain financing (a loan) either to purchase or secure against the property from a financial institution, such as a bank, either directly or indirectly through intermediaries. Features of mortgage loans such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan, and other characteristics can vary considerably.....
In many countries, though not all (Iran and Bali, Indonesia are two exceptions[1]), it is normal for home purchases to be funded by a mortgage loan. Few individuals have enough savings or liquid funds to enable them to purchase property outright. In countries where the demand for home ownership is highest, strong
Predatory Lending Practices: Car Title Loans
Car title loans are frequently used by those in desperate situations. The car title loan industry has received a lot of negative attention for predatory lending practices. Here are a few reasons that
Interest Rates
One of the biggest reasons that you should try to avoid dealing with car title lenders is the interest that you will pay. The interest rates associated with car title loans are extremely high and could be considered usury. Since the loan is typically for only 30 days, you might not think that the interest rate is that high. Many people are so desperate that they will gladly agree to any interest rate that is put in front of them. However, when you take the time to calculate the rate, it comes out to as much as an APR of 300. Therefore, you are paying an unbelievably high rate of interest compared to that on almost any other type of loan. If faced with the possibility of using this type of loan, you need to decide if paying that much interest is worth getting access to the money that you need.
Fees
In addition to unbelievably high interest rates, car title loans are also known for excessive fees. At the beginning of the loan, you may have to pay a fee that is referred to as a processing fee, application fee or origination fee. If you are ever late on making a payment, they will also charge you a significant amount for a late fee. With these loans, you can eventually end up spending more money in late fees than you borrowed for the loan. Therefore, if you do decide to get this type of loan, make sure that you make your payments on time. Otherwise, you could be faced with a very long-term debt problem.
Disproportionate Loans
Another problem with these types of loans is that you are often putting up much more collateral that is required for the amount of money that you are borrowing. In order to get a car title loan, you have to agree to hand over the title to your car. You also have to be able to prove that you have the car paid off and that there are no liens on the title. If for some reason you cannot repay the loan, they have the right to take your car. They can then sell the car and keep the money. The problem with this scenario is that the value of your car is typically higher than the amount of money that you are borrowing. Therefore, if you do not repay the loan, the lender is going to come out ahead with this deal. This means that you are risking significantly more than you are receiving. If you decide to go ahead and pursue this type of loan, make sure that it is worth the risk of losing your car and all of the money that you have put into it.
This Time the Dream’s on Me
The relationship between movies and dreams has always been — to borrow a term from psychoanalysis — overdetermined. From its first flickerings around the time Freud was working on “The Interpretation of Dreams,” cinema seemed to replicate the uncanny, image-making power of the mind, much as still photography had in the decades before. And over the course of the 20th century, cinema provided a vast, perpetually replenishing reservoir of raw material for the fantasies of millions of people. Freud believed that dreams were compounded out of the primal matter of the unconscious and the prosaic events of daily life. If he were writing now, he would have to acknowledge that they are also, for many of us, made out of movies.
And movies, more often than not these days, are made out of other movies. “Inception,” Christopher Nolan’s visually arresting, noir-tinged caper, is as packed with allusions and citations as a film studies term paper. Admirers of Ridley Scott’s “Blade Runner” and Stanley Kubrick’s “2001” will find themselves in good company, though “Inception” does not come close to matching the impact of those durable cult objects. It trades in crafty puzzles rather than profound mysteries, and gestures in the direction of mighty philosophical questions that Mr. Nolan is finally too tactful, too timid or perhaps just too busy to engage.
So “Inception” is not necessarily the kind of experience you would take to your next shrink appointment. It is more like a diverting reverie than a primal nightmare, something to be mused over rather than analyzed, something you may forget as soon as it’s over. Which is to say that the time — nearly two and a half hours — passes quickly and for the most part pleasantly, and that you see some things that are pretty amazing, and amazingly pretty: cities that fold in on themselves like pulsing, three-dimensional maps; chases and fights that defy the laws that usually govern space, time and motion; Marion Cotillard’s face.
Ms. Cotillard, her most famous movie role evoked by occasional eruptions of Édith Piaf on the “La Vie en Rose” soundtrack, is the film’s principal enigma and its chief signifier of emotion. She is not, however, exactly a character in “Inception.” Rather, at least as far as a first-time viewer can guess, she is a projection in the subconscious of her husband, a specialist in corporate mental espionage known as Cobb and played by Leonardo DiCaprio with some of the same twitchy melancholy he brought to “Shutter Island.”
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