- Car Loans
- Auto Refinance
- Mortgage Refinance
- Loan Modification
- Debt Consolidation
- Debt Settlement
- Filing Bankruptcy
- Auto Insurance
The Loanex Fast Cash Blog is for those among us that need both cents and a good dose of sense. As one of America's fastest growing personal finance portals, The Loanex Fast Cash is here to assist consumers with a full spectrum of their personal finance needs, including credit cards, debt consolidation, , loans, mortgages & refinancing, auto finance, bankruptcy, tax debt.
With every new business comes a new scam. ATM’s which were seemingly a pretty safe bet can have your information captured by thieves, the nations home crises resulted in mortgage refinance scams and so it goes. For every new way to do business the scammers come up with a way to take advantage of people. The online auto loan scams are almost too numerous to mention, but they are certainly out there. From identity theft to changing terms on contracts already agreed to, we’ve seen and read about them all.
Perhaps the first question you should ask yourself, before you get car loan online, is with whom am I doing business? Is it a legitimate concern or just an info mine designed to trap unwary auto finance seekers into providing personal information? Are there any ways to be sure? One thing that can ease your concerns is the way in which business is conducted. The LoanexFastCash.com operates through a dealer/lender network. You will have a person to contact at a dealership near your home if you have any questions and concerns. This website also has a contact point if you feel that the information you have provided has been handled improperly. It is our job to protect the privacy of the information you provide us and to provide it in turn only for the purposes for which you provided it in the first place.
We work very hard to prevent the theft of information from our websites which include SSL encryption that protects your information even as it is transferred from your computer to our server. Our dealers have been screened and we only provide the information that you provide to businesses that we have checked out beforehand.
Things that you should look out for before providing any sensitive information:
Loan offers that do not provide terms and spell out grace periods, pre payment penalties etc.
Before you agree to any terms see what else may be on offer, check with a local bank or credit union to find out what their loan rates are currently set at. Check with car financing online sources to see what the going rates are online. Be aware and be careful and you won’t become a statistic.
On June 1, 2012 changes were made in the Home Affordable Modifications Program that will make many more people eligible and give some former applicants who failed to complete the trial or defaulted losing their good standing, renewed eligibility. Here is the list of requirements for who can qualify for HAMP Tier 2 Loan Modification:
Mortgage was obtained on or before January 1, 2009.
You may owe up to $729,750 on your residence or a single unit rental
You may owe up to $934,200 on a 2-unit rental; $1,129,250 on a 3-unit rental; or $1,403,400 on a 4-unit rental
No condemned property will be considered
You are either delinquent or in danger delinquency due to financial difficulties
Your documentable income is sufficient to handle the modified payment
No convictions within the past 10 years of felony larceny, theft, fraud or forgery, money laundering or tax evasion, involving mortgage or real estate.
If you meet all of the criteria above your next step is to contact your current mortgage servicer and see if they participate in the HAMP Tier 2 modification program as not all mortgage servicers do. If they do not, you may inquire if they have any similar program as many servicers have initiated programs of this type on their own.
If your mortgage servicer makes the determination that you qualify for this program you should proceed to the MHA.gov website and download the forms necessary to begin the process. The forms and a more thorough explanation can be found on the government website as well as a full explanation of array of government programs available to homeowners who have been impacted by what has been termed “the Great Recession.” A further resource to which you may turn if you have a Fannie Mae, Freddie Mac, FHA, VA or USDA mortgage are the individual websites of those agencies.
If the entire process begins to seem frighteningly difficult consider the help and assistance that is available at the LoanexFastCash.com. Professional mortgage experts who can assist you in the process are available after you fill out our simple application requesting assistance.