Understanding The Early Repayment Penalty by John Mussi
Some lending companies have an early repayment penalty that will be charged when a borrower pays back the loan earlier than the agreed term. And these penalties should be avoided by the borrower. Many people believe that it is a good idea to pay back in full the amount that they have loaned. ... Unfortunately, some lending agencies have set up a system in which the borrowers who pay earlier will still be able to pay the interest. ... But it is still possible to avoid paying the early repayment penalty even when the borrower has decided to pay earlier and in full.

Saving Money With an Education Loan by John Mussi
These days paying for a college education can be very expensive. Depending on the school, the location, and money that one has to put toward one’s education, the cost can be too much for some. That is why education loans were created. Helping students reach their dreams and better themselves are... Paying back education loans Paying back one’s education loan can be stressful after one graduates. ... This means that when a loan is granted, it is expected that the parents of the student will also pay toward their child’s education.

What is an Interest Only Mortgage? by John Mussi
An Interest Only Mortgage is one where the repayments are made up entirely of the interest on the loan. When the mortgage term is complete, the capital originally borrowed is still outstanding. To cover the balance, borrowers are advised to make regular contributions into an investment policy... The actual capital which is freed up to pay for your property can be invested into a long term investment fund, which, if invested carefully, ought to help pay off both your mortgage earlier than expected, and may even be used to cover the cost of your interest only mortgage payments.

What is a Loan? by John Mussi
A loan is money that you borrow and agree to pay back over a set period of time with interest. The amount of money you borrow is called principal, and interest is the cost for borrowing the money. The length of time set to pay back the loan is known as the term. ... Getting a large loan or getting many loans that you can't pay back can cause huge financial problems, because it can get very difficult to pay them back each month. ... Depending on the type of loan chosen you can borrow anywhere from £500 to £1,000,000 and can repay it over a period of between six months and twenty-five years.

Endowment Policy Misselling - How Much Compensation Could I Receive by Keith Lunt
Many homeowners took out endowment policies expecting them to pay off their mortgages but have recently been alarmed to discover that this will not be the case. Your endowment could be thousands of pounds off target with no way of you finding this extra cash. ... Also, looking back over the period when you have been paying for the endowment, some of the payments have been used to pay a life insurance. ... It only takes a minute to find out the answer or you can just leave your contact details and someone will call you back.

What is a Repayment Mortgage? by John Mussi
A repayment mortgage is the type of mortgage that most people think about. The idea behind a repayment mortgage is that you pay monthly for a set period and each payment consists of an element of capital and interest. A repayment mortgage is one for which each monthly payment contributes to the... With a repayment mortgages the entire mortgage is paid back over an agreed period of time. ... Many people opt for a repayment mortgage on for this very reason - a repayment mortgage is the safest option as it means that you will have that guarantee.

Fast Money: A Guide to Fast Secured Loans by John Mussi
Here is a useful guide to fast secured loans. Here is a useful guide to fast secured loans. Sometimes it seems as though there's nothing you can do… you need money and you need it now, but you don't get paid for another week or more. You need to find a fast secured loan, but banks can sometimes... If you don't pay them back after they've repossessed (as well as pay for the repossession fees), then they're free to sell the car in order to get their money. ... If 90 days pass and you haven't picked up your item or made payments on the loan, then the pawn shop is free to put it on their...

Which Loan To Use? by Peter Kenny
Need to borrow some money then a personal loan maybe for you, most people take a personal loan for home improvements, to purchase a car and holidays. Loans are very simple you borrow a sum of money and pay it back over a period of time say anywhere between 6months to 10 years. ... Unsecured – this loan means your home is safe if you fail to pay back your loan, you’ll find it hard to get any more credit, as your credit rating would be poor. ... Most loan companies will offer you PPI (payment protection insurance) they will tell you that you need it, and that if you’re off sick, have an...

What is a Bad Credit Loan? by John Mussi
A Bad Credit loan is a personal loan for people with bad credit rating because a bad credit rating or credit history can make your life a misery. However created, your past record of County Court Judgements, mortgage or other loan arrears can live on to deny you access to finance that other... If you are a home owner with equity in your property, a Bad Credit loan can bring that normality back to your life. ... It frees up the spare capital (or equity) in your home for you to use on whatever you want.

Mortgages - Higher Lending Charges are Outrageous by Michael Challiner
After you scraped together a modest deposit for your new home you may think you're home and dry. Think again. On top of there's the surveyors and solicitors to pay. Then the government want a slice. You've got to pay stamp duty at 1% of the property's price (if the house costs more than £250,000... They've called it a Higher lending Charge (HLC) and it's charged if you borrow more than 90% of the value of the house. ... If your home is repossessed and there's a shortfall, you still have to pay the shortfall back to your lender - they're sure to chase you for the money.