Offers The Streamline Refinance Program

As a military veteran, a VA streamline refinance (also known as an IRRRL), may be an excellent option for you and your family. Simple and easy to qualify for, this government backed VA mortgage program is designed for active duty and prior service veterans who have an existing VA home loan that is up to date on payments. (MIC) would like to show you just a few of the stellar features of the streamline refinancing program:

  • No appraisal is required
  • No income verification is required
  • You may not be required to make a mortgage payment in the first month following closing
  • You may be able to close in the comfort of your own home
  • You may be able to obtain a new, low rate in as little as 30 to 45 days
  • Some customers have closed in as little as 8 days!

As a VA authorized direct lender, MIC wants to make sure the refinance process is as easy and fast as possible. They don’t want to waste your time with unnecessary requirements. Their goal is to help their customers obtain a new, low rate.  With a new rate, customers may be able to experience additional financial breathing room and put more funds toward things like: vacation, credit card bills, medical expenses, a rainy day fund, or a home improvement project. is very well experienced in streamline refinancing; in fact, they have been serving veterans for over 75 years.  Since 1938, they have funded 350,000 VA refinance loans.  In the last 15 years alone, they have funded over 43 billion dollars in veterans refinancing. Their knowledgeable and courteous staff is trained to assist you with your VA refinancing needs. See if you may be able to experience the MIC difference by contacting their team today at 866-659-2477!

Money Saving Tips

Do you have the need or desire to save money in a hurry? While there is no way to guarantee that you will meet your savings goal, there are things that you can do to boost what you currently have and develop good habits that will help you save more as time goes on. This article provides money saving tips, courtesy of Auto Focus Consulting, that will help you reach your goal.

Cut Expenses

The first thing you need to do is cut as many expenses as possible. Any savings that you realize can go directly into your bank account. Some ways to lower your expenses could include getting a roommate to help reduce your mortgage payment, cancelling your cell phone or carpooling to cut down on your monthly gas bill. With careful planning, you can put your money in the bank instead of giving it to a bank.

Invest In The Stock Market

While current returns may not be sustained over the long-term, putting your money into stocks and mutual funds can yield a tidy return on your investment. Typically, the stock market gives you an 8 percent return each year. However, funds such as the Schwab S&P 500 Index fund has grown almost 20 percent this year and almost 20 percent per year since 2010. This means that if you had $10,000 in the market at the beginning of the year, you would have almost $12,000 right now. The best part is that you don’t have to do anything other than keep your money in the account.

Contribute To A Self-Directed IRA

Self-directed IRAs are a lot like traditional IRAs. The only difference is that you can invest in almost anything you want, and you can take your money out if you need to. This account is perfect for anyone who is going to buy their first home and will need money for a down payment. While your money is in your account, it will accrue interest that can help you save money quicker than a traditional savings account would.

Tell Your Employer To Send Money To Your Savings Account

If all you are looking to do is contribute money each week to your savings account, you can ask your employer to do so for you. All you need to do is set up the account, change your direct deposit information and you are all set. You can have as much or as little of your paycheck sent to your savings account as you want.

Saving money is important. If you are in a hurry to grow your savings account, there are many options that you can choose from to accomplish your goal. Investing your money, diverting your paycheck and cutting expenses are three specific ways that you can quickly put thousands into your savings account without significantly altering your lifestyle.

Tips And Tricks You Should Know Before Getting A Payday Loan

Getting cash advances is serious stuff. Research what you’re getting into before you get one. That way you will understand the risks involved. To understand payday cash advances better, keep reading.

Remember when taking out your loan, that your upcoming paycheck is pretty much spent. The money you borrow will need to last you for the next two pay periods, as your next check will be used to pay this loan back. If you don’t keep this in mind, you may suffer even greater financial distress later.

Payday cash advances are one fast way to access cash. People do, however, need to understand exactly what a payday loan is before signing the contract. There can be large fees and high interest rates which can make the loan harder to pay back.

Sometimes even business owners have to take out these loans in order to cover payroll & other services. However it’s a much better idea to get a credit line, especially for businesses, rather than to take out short terms that can be difficult to pay back.

You should know the provisions of the loan before you commit. The interest fees can be surprising to many people. You should never be afraid of asking a lender how much they charge in interest rates.

payday-loanYou must always investigate alternatives prior to accepting a payday loan. It is less expensive to get a loan from a bank, a credit card company, or from family. Yes, most of these options have fees associated with them, but they will be a fraction of the fees associated with a payday loan.

There are certain pieces of documentation that you need when applying for a payday loan. You will need a few things when you go to get the loan. These include up to three recent pay stubs, proper identification, and evidence of a checking account. Different lenders ask for different things. You should call first and ask what documents you have to bring.

If you use payday loans on a regular basis, it is probably a sign that you should be seeking out a debt counselor who can help you manage your finances. You can easily fall into the trap of repeatedly needing another loan, and it may be a continuous struggle to get out of debt.

You will need a steady work history or verified income sources to get most payday advances. Many payday lenders will require a stable income source or a job history in order to qualify for a loan. Most lenders will need to see documentation like paycheck stubs.

Figure out exactly how much you’ll be paying for your payday loan. It is well-known that payday cash advances include higher than normal interest rates. They may also charge fees for taking out a loan. You’ll often find these fees hiding inside the small print.

Steer clear of automatic rollovers when it comes to payday cash advances. It can get costly when loans automatically renew and fees are deducted from you banking account. That will require nothing of you except setting up the payment schedule with the lender. You might think that your unpaid loan is not truly important, and in the meantime the company is charging you hundreds of dollars in interest and fees. Be aware of the process you are getting involved with.

Due to the knowledge you have acquired, you should understand the seriousness of payday advances. Although the above information is important, you should thoroughly research your state’s laws regarding cash advance loans. Always utilize the tips above when you seek a payday loan.