Sunday, July 5, 2015
Saturday, June 27, 2015
In Today’s Timeshare Marketplace, There Are Many Timeshare Scams
While
resort time shares companies continue to sell millions of timeshare vacation
accommodations each week, there are a lot of secrets that the time share
industry would rather potential buyers not know.
A
time share can make sense for some people, but for most people, they aren't near the great deal that they are made out to be by the timeshare sale people.
Here
Are Some Secrets That The Time Share Industry hopes You Never Discover.
1. Time
Shares Are a Lousy Financial Investment
In
fact, they aren't an investment at all, since it makes little sense to put
money into a depreciating asset and expect a return. That is why today so many
want a timeshare
cancellation.
While
most people already know time shares are a bad investment, however, timeshare
sales representatives are still pushing time share sales as a quality
investment.
They
still use words during the sales presentation to give the impression that
purchasing a time share is a good financial investment, when in fact, it’s far
from it.
2.
You Can Get The Same Time Share For Far Less Money
When
it comes to a timeshare resale.
Time shares are notoriously difficult to sell if not impossible. That means
that those who have purchased a time share but no longer want it have to keep
paying all the annual cost of owning the timeshare.
3.
You Lose Big Time When You Sell – (If You
Can Ever Sell It)
As
mentioned above, timeshare resales are extremely difficult even for the
best of them. It’ is very similar to a car driving off a dealer’s lot, most
time shares will lose 80% to 90% or more of their value the second you sign on
the dotted line.
In
most cases, the timeshare owner will be trapped with a time share unit (and the
yearly fees) that they can’t even give away. You read right, they can’t even give the timeshare away.
4.
It’s Cheaper to Rent a Time Share Than To Own
Every
year there are lots people who can’t use their time shares for all kinds of
reasons. Instead of just letting the time share sit unoccupied during the time
for which it is already paid, many time share owners try to rent out their
weeks to recoup some of their money.
In
many cases, you can rent the same week at the exact same resort for far, far
less than it would cost to own the same timeshare unit (and many times for less
cost than the time share annual fees would be) and without any of the buying
risks that come with time share ownership.
If
you are a timeshare owner that wants out of your timeshare, here at the Timeshare Cancel
Center we
have valuable FREE information that will help you discover how you can
permanently cancel your timeshare payments, all maintenance fees and your
entire timeshare contract.
5.
Miss One Year And You Would Be Better Off Not Owning A Time Share
All the calculations the time shares sales people offer will be
assuming that you use the time share each and every year for years into the
future.
One reason so many people want a timeshare
cancellation is,
when all costs related to the time share are taken into consideration, a time
share’s price can be much more expensive than non-timeshare vacations. But this
by itself, does not mean that it’s a timeshare scam.
6.
Time Shares Ownership Comes With Many Risks
When you purchase a time share, you purchase a part of that
building. That means that if there is a disaster, you are responsible for a
portion of rebuilding the time share.
While time share resorts are supposed to retain adequate insurance, many
times they don’t always carry the amount they are supposed to, and there are
certain disasters for which coverage may be too expensive.
This leaves you the timeshare owner responsible for covering
these losses if and when the unfortunate should happen and you cannot send a timeshare
cancellation letter or
just cancel
timeshare whenever
you want too just because something bad happens.
7.
If You Can NOT Pay In Full – A Timeshare Is A Very $$$ BAD $$$ Investment
Another issue that the time share sales people will often leave
out during the calculations is the cost of financing a time share, which is
always very high.
Banks know very well that time shares will lose their value and
therefore do not even consider them in the real estate loans they offer.
Instead of low rates that are tax-deductible, a time share loan
will come with a very high double-digit interest rate and in most cases will
not be tax-deductible.
When you add the cost of this financing to the overall cost of
the time share, it makes little financial sense to purchase a timeshare if you
cannot pay for it in cash.
8.
Hotel Prices Are Increasing (but
so are time share prices and the annual fees)
Another one of the tricks time share sales people use is telling
you how much hotel prices are increasing and then telling you that your time
share will remain the same price 15 to 20 years from now.
What they fail to tell you is that the time share fees are not
locked at the current rate and will also increase as time goes on so the time
share can be upgraded to keep up with newer competition.
This means all that money you were supposed to save is unlikely
to never materialize.
This is a big reason so many people want to cancel timeshare
contract and
why many people call them timeshare scams.
9. Trading
A Timeshare Is NOT As Easy As They Claim
When you hear the time share sales pitch, the sales people will
make it sound like you will be able to trade your timeshare unit around the
world with ease.
The truth is rarely is it easy to trade or exchange, and often
you will have to pay additional fees to make a trade possible and once the
trade is started the timeshare cancel is also very hard to do.
If you won’t be going to the exact same place each year, a time
share won’t save you any money and will likely cost you a lot. This is another
reason many people call time sharing timeshare scam.
10.
Travel Is Not Calculated When Comparisons Are Made
One of the BIG,
BIG tricks
time share sales people use when trying to show you what a “great deal” time
shares are is, they will include your travel expenses when calculating the cost
of your current vacation, but very conveniently NOT include travel costs when
calculating the cost of buying the time share.
If you are not paying close attention, you may believe you’re
getting a great deal when in reality all or most of the savings came from
simply leaving out the travel expense that you must still pay.
If you own a timeshare and would like know how to cancel a timeshare, to learn more about a time share cancellation see
our frequently asked questions at: www.timesharecancelcenter.com/faq
TIMESHARE CANCEL CENTER IS ON THE CONSUMER'S SIDE
Call
24/7: 1-855-600-9053
We Can Help You Cancel Your Timeshare Contract And In Many Cases
Even Get Your Money Back!
We Invite you to get a FREE consultation and let our
professional timeshare consumer advocates explain all your consumer protection
rights.
For A Free No Risk And No Obligation Consumer Advocate
Consultation Call 24/7
Bad Credit Home Loans Arizona: How to Get a Home Loan
Many families think that home ownership is beyond their
reach because they can’t get bad credit
home loans Arizona. However, this is simply not true as there are a variety
of programs available to help borrowers with bad credit purchase a home inArizona.
If you have been denied a home loan in the past due to
bankruptcy, bad credit, or sub-prime credit, you may think that purchasing a
home is out of your reach. Many borrowers don’t know that there are a variety
of programs available to them, even if they have less than perfect credit.
Don’t let bad credit hold you back from obtaining a new home for your family or
as an investment. Learn about your options for purchase and talk with a
mortgage broker.
One program that can help individuals looking for bad credit home loans Arizona qualify
to purchase a home is an FHA loan. FHA stands for Federal Housing Administration
and this entity gives out a type of government backed loan. Borrowers are only
required to make a 3.5% down-payment so it can help keep some cash in your
pocket. In addition, the loan is insured by the federal government so banks are
more willing to lend to sub-prime borrowers. This insurance will cost you
though. Be aware that if you take out an FHA loan, you will be required to pay
make PMI payments. These can be anywhere from 80 to over 200 dollars a month
depending on the amount of your loan. You will make them until the loan amount
that you have is less than 80 percent of your purchase price. The PMI payments
are a type of insurance you pay to help secure the investment in case of
default.
Another loan type that is available for borrowers in the
market for bad credit home loans Arizona
is an adjustable rate mortgage or ARM. An adjustable rate mortgage is a short
term mortgage with a term of anywhere from 1 to 7 years. During your initial
term the interest rate on your mortgage is very low, usually below the prime
rate. This makes your payment relatively low as well. The lower monthly payment
allows borrowers with bad credit to qualify when they may not be able to for a
traditional 30 year loan. After the initial term of you loan, the interest rate
resets and your payment may be higher. This can be a good option for someone
who is on the road to repairing his credit and will be able to refinance to a
30 year mortgage at the end of the adjustable rate term. One thing to keep in
mind with an ARM is that they require a 10% down-payment. This helps ensure
that the property value will not drop significantly below the loan amount.
A final type of program that a borrower in Arizona with bad
credit might consider is a hard money loan. A hard money loan is designed as an
investment strategy and isn’t a good option for owning a home you intend to
live in long term. A hard money loan is backed by a group of investors, rather
than a bank. The investors will look at your property purchase as well as
renovation plans to determine if the loan is a good investment. If you have bad
credit they are more likely than a bank to look past your credit score if you
have a sound investment idea. Hard money loans are short term loans primarily
designed to fix and flip a property for a profit.
The Truth about Arizona Bad Credit Home Loans
There are many rumors about bad credit and home loans. A bad
credit score in terms of obtaining a home loan is classified to be at or below
about 640, but this has varied with time and location. However, according to
national credit bureaus, the average American’s credit score is around 678,
meaning that most people don’t have perfect credit. If you have bad credit,
there are a number of events that could have gotten you there that are beyond
your control. Divorce, job loss, inability to make mortgage payments due to an
over-inflated housing market, and the recent recession are all factors that
have negatively impacted may people’s credit scores. Based on the prevalence of
bad credit, many lenders are relaxing their loan requirements and it is
possible to get a home loan with a score of less than 550, depending on other
factors.
If you want to take control of your homeo wnership or real
estate investment dreams, stop letting credit hold you back.
Call a licensed Arizona mortgage broker today. A broker can
discuss your options regarding bad credit home loans Arizona and help you find the loan to best fit your
needs. Stop waiting, call today!
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027
23335 N 18th Drive Suite 120
Phoenix AZ 85027
Monday, June 22, 2015
The Risks and Benefits of Adjustable Rate Mortgages
The Risks and Benefits of Adjustable Rate Mortgages for Borrowers Seeking Arizona Home Loans with Bad Credit
Adjustable rate mortgages can be an attractive option for borrowers
who have bad credit and are looking for different Arizona home loans programs. Knowing the facts about adjustable
rate mortgages can help you risk less and make an informed decision.
Adjustable rate mortgages or ARMs are a type of mortgage that is
offered by many banks and lenders. An ARM has a fixed interest rate for
anywhere from 1 to 7 years, depending on the specific terms of the loan. After
the initial term, the interest rate adjusts and increases above the prime rate.
This will increase the monthly payment amount because the interest you pay each
month has increased. ARMs have gotten a bad reputation in recent years as being
dangerous and even predatory. Adjustable rate mortgages were in the hot seat in
2008, largely being blamed for the housing and foreclosure crisis.
Although they have been shown in a less than flattering light,
adjustable rate mortgages can still be a good option for individuals looking
for Arizona home loans and are
especially good for borrowers who may have bad credit. Knowing the ins and outs
of adjustable rate mortgages can help make them less risky and protect your
investment.
Ways to Risk Less with Adjustable Rate Mortgages
If you are thinking
about an adjustable rate mortgage as an option to help you secure Arizona home loans, it is important
that you know all the facts. An adjustable rate mortgage will offer you a low
monthly payment at first. This led many borrowers to over extend themselves and
buy more home than they can afford once they have a higher interest rate. An
easy way to avoid this Arizona home
loans mistake is to closely examine monthly payments before and after the
interest rate reset. You should be able to find out a cap on how high the rate
could potentially go and what your payment will be at that rate. If you can
afford the payment at the lower interest rate but not the higher one, it is
safer to find a less expensive home.
Another way to
minimize risk with an adjustable rate mortgage is to work with trustworthy real
estate professionals. If you decide to refinance your home before your rate
resets, you will need the home to be worth as much or more than when you bought
it. An appraiser can help you make sure that you a making a sound investment.
Also, a good real estate agent can help you understand housing trends and steer
you away from areas of town that may be likely to lose value over time.
A third way to
minimize your foreclosure risk is to sell the home before the rate increases.
This can be an effective way to make money by fixing and flipping a property
for profit. An adjustable rate mortgage will save you money on interest while
you are fixing up the property, making the cost of ownership less. Just keep in
mind that it is important to be able to sell the property for a profit when you
are done. Make sure the home you buy is a sound investment, in a desirable area
of town, and the work that it needs is within your budget and skill level. It
does no good to end up spending more fixing up a home than you will make when
you sell it.
Find a mortgage broker to work for you and get started on the process of qualifying for an adjustable rate mortgage.
Whether you have bad credit and it is the best loan you can qualify
for, or you want to save a couple bucks on interest, an adjustable rate
mortgage can be a good investment strategy. An Arizona mortgage broker can help
you navigate the ins and outs of an adjustable rate mortgage and go over any
additional information including down payments, current interest rates, and
projected monthly payments.
When you are choosing a mortgage broker, make sure they have expertise
in a variety of Arizona home loans products,
including adjustable rate mortgages. A broker can be your most valuable tool in
qualifying for a home loan because he will fight for you to be approved. He can
even get lenders to manually review your application if underwriting rejects
it. Find a broker you can trust today to start your journey towards
homeownership or real estate investing.
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027
23335 N 18th Drive Suite 120
Phoenix AZ 85027
Bad Credit Home Loans Arizona: How to Qualify
Bad Credit Home Loans Arizona: How to Qualify for a Home Loan with Credit that Isn’t Perfect
There are a variety of circumstances that can lead to a low
credit score. Learn how you can get a bad credit home loans Arizona and qualify for a mortgage, even if your credit
is poor.
Many Americans who have bad credit report feeling alone,
miserable, and almost hopeless. There
are many factors and unforeseen circumstances that can lead to a lower credit
score. Job loss, divorce, a sudden change in income, or even an old credit card
you forgot about can cause your credit score to suffer. Recent statistics
released from FICO Inc. show that one quarter of Americans have a FICO score of
less than 600. This is considered a low credit score and if you have a low
score, you can have trouble getting credit cards, car loans, and even store
credit accounts.
If you are one of the 42.5 million Americans with a low
credit score, you probably assume that homeownership is beyond your reach.
However, with new bad credit home loans Arizona programs as well as federal programs, borrowers can qualify with
low FICO scores.
As with any mortgage it is important to analyze the risks
and benefits of a low credit mortgage. Once you have decided to stop letting
your FICO score hold you back, it is important to know your options. Most
likely you will not qualify for a bad credit mortgage through a bank, so it is
important to find a reputable mortgage broker. A broker has more flexibility in
terms of types of loans that can be offered so you are more likely to qualify
via a broker than a bank.
Types of Bad Credit Mortgages for Arizona
Once you have decided to look for a home loan, you need to
do your research. There are a variety of home loan programs available to people
with bad credit but they all have different features. Analyzing the risks and
benefits will help you choose the right program for you. An Arizona mortgage
broker can be a valuable resource in helping you learn about all the loans that
may be available to you based on your credit score and current income.
One type of loan is an adjustable rate mortgage or ARM. An
ARM is offered to subprime borrowers who would not qualify for a traditional
loan. It offers a low interest rate at first but then resets to a high interest
rate after a specified period, usually 1 to 5 years. Once the rate adjusts your
mortgage payment will increase due to the higher interest rate. This can be a
good option if you only plan on owning the property short term or if you know
you will be able to qualify to refinance your loan at the end of your low rate
period. You will also want to make sure that you have the home accurately
appraised before purchasing so that it retains its value if you go to sell or
refinance.
A second option that is available for people with bad credit
is a type of FHA loan. An FHA loan is backed by the government and will allow
you to borrow about 96.5% of the value of the home you are purchasing. In
addition, the government backing means that you will be more likely to qualify,
even with less than stellar credit. You will pay monthly insurance on your
loan. In addition to you principle and interest payments, you will also pay a
PMI insurance payment. This will increase the amount of your monthly mortgage
payments until you pay off 20% of the loan amount. You can also couple FHA
loans with different federal programs that offer down payment assistance or
cash back at closing like Home in 5. These programs are constantly evolving and
changing, so make sure to talk with a mortgage broker about what you may
qualify for. You can qualify for an FHA
loan with a credit score as low as 500, making them an attractive option for bad credit home loans Arizona residents
use.
Make sure to know your options for home loans with bad credit.
A mortgage broker is key for many borrowers looking to
secure a home loan with bad credit. A broker will work for you and help
convince lenders that you are a risk worth taking. Finding a mortgage broker
that specializes in bad credit home loans Arizona will ensure that you are receiving all the options to make
owning a home a reality.
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027
23335 N 18th Drive Suite 120
Phoenix AZ 85027
Friday, June 19, 2015
How to Cancel Your Time Share - Its Easy!
IF YOU ARE SEEKING A TIMESHARE CANCELLATION THIS INFORMATION IS FOR YOU!
In today’s timeshare marketplace, there are many timeshare scams and lots of people (maybe even you) have attended timeshare presentations and were promised it would last just 90 minutes.
But after 3 hours or more of high pressure, deceptive and fraudulent practices they end up buying a timeshare only to later learn that they have been victims of unethical, misleading timeshare scam.
It’s at this point that many people began to think about how to cancel a timeshare and it’s at this time that they learn it’s NOT easy to get a timeshare cancellation.
Some people think because they have been a part of one of those timeshare scams all you have to do is send a timeshare cancellation letter.This is not true and will be of no help. Many timeshare owners who want a timeshare cancellation, but don’t know how to how to cancel a timeshare believe selling their timeshare is the answer.
But the resales of a timeshare are an option for a very limited number of timeshare owners and the internet is full timeshare resale scams.
But the resales of a timeshare are an option for a very limited number of timeshare owners and the internet is full timeshare resale scams.
The unpleasant fact is, most timeshare resale and rental companies are rip-offs. Unfortunately, there are countless timeshare owners who have been taken advantage of by unscrupulous timeshare resale scams offering to resell or rent their timeshare properties for a fee, all the while knowing that the timeshare owner’s properties will never sell or rent.
Do your bank account a favor and cancel your timeshare today!
HOW TO PERMANENTLY CANCEL YOUR TIMESHARE
The big question for many timeshare owners is “How can I cancel my timeshare?”
Sure you had at least one great vacation there, but the fees are adding up and you barely have the time to use it anymore!
If you are having these thoughts, then this insightful information is for you. We have helped many people understand how to cancel a timeshare contract and become timeshare FREE.
Don’t be fooled into thinking you can a timeshare resale is an option. A simple internet search will show you thousands of dissatisfied timeshare owners that are trying to sell their timeshare for as little as $1!
We have valuable FREE information that will help you discover how you can permanently cancel your timeshare payments, all maintenance fees and your entire timeshare contract.
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027
23335 N 18th Drive Suite 120
Phoenix AZ 85027
Sunday, June 7, 2015
How to Avoid the Pitfalls of Bad Credit Arizona Mortgage Loans
Arizona home loans for
bad credit have gotten a bad reputation in the last 8 years and have been
blamed for causing the housing market crash of 2008. Knowing the ins and outs
of each loan type as well as any potential pitfalls can help borrowers with bad
credit make an informed decision and choose a responsible loan product.
In 2008, the housing market crashed. Foreclosures were up, home values
were down, and some notable lenders like Freddie Mac, Fanny Mae, and many banks
were accused of giving out predatory loans, selling bad loans, and even fraud.
New government regulations attempted to crack down on sub-prime lending and
keep consumers safe. However, many of these regulations effectively shut out
borrowers with credit scores of less than 700, making it impossible to get Arizona mortgage loans to purchase a
home.
Since 2008, many regulations and requirements have been loosened and
there is more flexibility in the lending market and sub-prime loans are making
a comeback. This is good news for borrowers with bad credit because it will
allow them to purchase a home. With various banks and other lenders giving out Arizona mortgage loans to borrowers
with credit scores as low as 500, the housing market has opened its doors to a
much wider and more diverse segment of the population.
With bad credit loans making a comeback, it is important to remember
that not all loans are created equal. If you are in the market for Arizona mortgage loans with bad credit,
understanding the terms of your loan as well as taking certain steps to help
mitigate risk factors will help you make sure that you are choosing a
legitimate loan and will not have your home foreclosed on.
Ways to Risk Less with a Arizona Bad Credit Loan
The first, and arguable most important way to minimize your risk is to
know the exact terms of your loan. Adjustable rate mortgages were blamed as a
major culprit of the foreclosure crisis. This is because after the initial term
of the loan, the interest rate on the mortgage increases and so does the
monthly payment, usually going fairly high. Many homeowners were unable to make
the new higher payment and could not refinance due to declining home values or
a bad credit score, so they were ultimately foreclosed on. An adjustable rate
mortgage is still a viable option for borrowers with bad credit, but make sure
you know the exact terms of the loan. Know your initial interest rate, when it
will adjust, and its lifetime cap for how high the interest rate can go. Make
sure that you will either be able to refinance before the rate adjusts or will
be able to make the new, higher payments. This will help minimize your
foreclosure risks.
Another way to help bad credit borrowers risk less is by having an
accurate appraisal before purchasing a property. If your home is worth less
than when you bought it, you will not be able to refinance even if you have
good credit. Although it is impossible to predict what home value trends will
do, you can help your investment retain its value by having an accurate
appraisal. Also, make sure that you work with a real estate agent who
understands market trends. A good realtor will steer you away from homes in
areas of town that traditionally lose value over time. Choosing the right home
is as important as choosing the right home loan.
Finally, you can reduce your risk of choosing a bad loan by working
with a mortgage broker. A broker who specializes in Arizona mortgage loans for bad credit borrowers can help you weigh
the pros and cons of multiple loan types to choose the most stable and least
risky loan for your situation. Your broker will also be able to help you
calculate current and future monthly payments and interest rates.
Do your homework and find the right Arizona Mortgage Broker.
Make sure that your broker has experience in bad credit lending and can
clearly explain any and all loan options to you. Also make sure that he
operates under a valid broker license and can give you the names of a few
different clients to use as references. Finding the right broker is an
important first step in the home loan process.
Your broker will be there to help you through the loan qualification
process from the initial application to being handed your keys.
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027
23335 N 18th Drive Suite 120
Phoenix AZ 85027
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