Monthly Archives: May 2015

Know How to Pay Your Loan Wisely with Student Loan Payoff Calculator

Student loans are distinct to other loans in that they typically have terms related with them, sometimes permitting a student to only start accumulating fascination as soon as their studies are complete or other loans permit the student to only start payments once they are employed. For this reason a bond calculator will not do the trick when that you are attempting to determine how to help save money around the repayment of your loan and you will find that the much better device, easily available to the web, will be the student loan payoff calculator.

Using this online student loan payoff calculator you can see how paying fascination around the loan while you’re studying can reduce the capital quantity drastically by the time you’ve your diploma. Attention is charged around the investment volume and as soon as interest is levied towards it fascination commences to accrue on prime of that too. This somewhat little quantity today can help save you large money in the long run!

Another way to help you save having to pay extra pointless attention would be to require a lower loan volume. So rather than shacking up with fellow students, attempt to save some money by staying in one of the school dorms.

How about a component time employment? You might uncover a lot of jobs which are suited to students due to the reality of their versatile functioning hrs. This can assist pay that curiosity as well as pay for transport costs. Student work are an open door into the employment marketplace as well by providing references.

The student loan payoff calculator will display you that by much the best method to help you save on your all round prices is to examine difficult, get a fantastic career and spend a somewhat larger sum over a shorter time frame.

You can find more information about student loans at, where you can read about student loan payoff calculator.

Six Simple Steps for Getting More Mortgage Applications

When I first started out as a loan officer, one of the things I found to be the toughest, was taking an application over the phone. I just didn’t seem to have the skills, nor did I have a plan. I was literally calling people on the phone and saying something to the effect of; Hello, my name is Jay Conners, and this is what I do, and this is why I am calling, would you be interested? No wonder I wasn’t having any success.

Knowing that my pathetic tag line wasn’t going to cut it, I knew that I would have to change my approach.

Over time, through trial and error, and a whole lot of sales training, I was able to incorporate my own six step process for making a sales call.

Keep in mind that this approach works just as well face to face as it does over the phone, and can be used in many situations, not just selling mortgages.

Follow these six simple steps, and you’ll be on your way to taking more apps.

1. Be prepared

* Have a clean desk, a clean desk is proven to provide a less stressful work environment. Plus this way you won’t be searching for that elusive pen.

* Have everything you need at your fingertips. ie; pens, pencils, calculator, scrap paper, computer on, and of course a blank application.

* Not having all of the necessities readily available, leads to having to find them, and having to find them leads to dead air, dead air can kill a conversation.

2. The personal touch

* Once you have your customer on the phone, and have introduced yourself, it is important that you relax them. Engage them in small talk about something other than a mortgage, ie; the obvious one, the weather, if a dog is barking in the background, ask about the dog, people love to talk about their pets, etc., etc. This technique gets them talking and gives the conversation a personal tone that will last throughout, and once the conversation turns to business it becomes all the more easy.

3. Make your assessment

* Ask probing questions, find out exactly what it is your customer is looking for, if they are unsure, you can help to educate them. Also, ask open-ended questions. An example of this would be; Tell me more about why you have decided to refinance your home? The tell me more part of the question forces them to go into greater detail than just a one word answer. These techniques will help you come to assessment of just what product or program best fits your customer’s needs.

4. Make your pitch

*Now that you have gathered all of the appropriate information, you are ready to make your pitch. Start by saying something in the area of based on what we have discussed this evening, I think this product would best suit your needs, A challenge you may be confronted with might be, well I need to think about it. One way to meet this head on is to ask if there is any thing you did not explain clearly enough, and that you would be happy to go over everything again. Once you have an agreement and your customer is comfortable, you can then move on to step five.

5. Close the deal

* Once your customer has decided on a mortgage product, do not let them off the phone without their 100% buy in, say something to the effect of; Now that we have decided on a program, lets not waste another minute, I will go ahead and order the appraisal, title, credit report, etc. If you are discussing a purchase, ask permission to contact their realtor so that you may introduce yourself.

6. Follow up

* Step six goes without saying, but it bears repeating. The follow up is extremely important. Customers hate to be left in the dark. Every time something happens, give them a call. When their appraisal comes in, give them a call, when their title comes in, give them a call, etc. The more you keep them in the loop, the stronger the relationship becomes, and the better the chance they will refer you business.

So there you have it, the six step sales process.

I understand that every scenario is different and sometimes these six steps will not apply. But please don’t be afraid to give it a shot. Make an attempt to commit the six sales steps to memory. Make it fun, give it your own name, roll play with an associate for practice, or personalize it by adding, or tweaking a few things of your own. But most of all use it to your advantage, it helped me increase my number of applications per week and I’m sure it will help you to.

What Are Bad Credit Private School Loans

There are a dramatic number of young adults searching for Bad Credit Private Student Loans. A bad credit loan for college can be obtained from lenders such as Sallie Mae and Wells Fargo. A person can expect a variety of procedures from a myriad of companies concerning lending. Anyone can receive money towards schooling because of the plethora of establishments. Many people are in this predicament because of late or non-bill payments.

A poor credit history disqualifies a student from private student loans. Generally, student loan organizations want people with high credit scores in order to ensure payment on a consistent basis. If a person with bad credit is approved the interest rates are going to be higher than those with good credit. In addition, a family’s payment irresponsibility coupled with one’s bad credit significantly reduces receiving private student loans. A person can get a co-signer for student loans. He or she can be a relative, friend, co-worker, or stranger. The person must have good credit and be willing to trust that he or she will repay the loan. He or she can reap serious consequences if the primary borrower is negligent in anyway.

The co-signer can incur debt and bad credit from a primary borrower’s delinquent payments. In addition, one’s credit score is negatively affected. On the other hand, if the primary borrower diligently makes 48 consecutive payments it is possible for the co-signor to be relieved of his responsibility. It is referred to as a Co-borrower release option. This must be stipulated in the contract.

A surplus of other college loans, or grants and scholarships are accessible to students with bad credit. This includes the Federal Stafford and Perkins loans, which give the least amount of money for school-related resources. There are subsidized and unsubsidized Stafford Loans. The government foots the interests for subsidized loans. After graduation, students begin repaying the loan. The subsidized loan is for those with a low income.

On the other hand, unsubsidized loans are not dependent on one’s income status. The student is given complete responsibility in paying the loan including interest fees. However, the Federal Perkins Loan is for students lacking the economic means for school. This loan is a mixture of college and government funds. A student can apply for grants and scholarships which is free and given to those with exceptional abilities and talent or economically deprived.

The Pell Grant is one of the more recognizable grants. In order to qualify one must complete paperwork and a FAFSA application. This grant does not give much money to its recipients. A student has to apply for other grants, scholarships and loans to meet tuition requirements and pay for school expenses. Private school loans offer larger sums of money to those in need.

A person can receive $40,000 a year. Private school loans are credit based and used for tuition, books, computers, study abroad, as well as room and board. It covers only education related expenses.

Mike Houlder is passionate about helping people achieve their dreams of finishing college without a mountain of debt. How about you? Please visit his site on bad credit school loans. Also, find out information on debt consolidation assistance!