Agency Workers DirectiveContractors should be excluded from the Agency Workers Directive (AWD) according to how much they earn, not the corporate structure through which they operate, says giant group plc, the contractor services provider.The AWD will entitle agency workers who have worked on assignment with the same end user for at least 12 weeks to at least equal treatment as permanent workers. Equal treatment will include equal pay, and basic...more
Recently, the governor of California, Arnold Schwarzenegger, signed the Assembly Bill 329 into law. This law contains many statutes which serve to protect seniors entering into a reverse mortgage. Commonly referred to as the elder protection act of 2009, this law serves as an additional protection for seniors in order to ensure that they understand the reverse mortgage process and are entering into the agreement willingly. One important...more
It's a very difficult and dangerous scenario once you fail to pay your monthly mortgages on time. That's because it may lead to foreclosure. Even if you exert your full effort to pay on time, financial problems may arise which can hinder you from meeting your obligations on time.Approach Your Mortgage LenderOnce you have observed the first few signs of trouble, the very first thing that you should do is to talk to your lender as soon as possible. There is no need for you to wait for a few late payments before taking action. Some borrowers may try to explain their problems to the wrong department. This is just a waste of time since people who are not responsible to handle customer issues can't really give much assistance.So, how do you know if you are on the right track? Every mortgage lending company has a loss mitigation department which specializes in handling repayment issues. They are also called "reinstatement department", "modification department", "workout department", etc. Know the exact department which handles restructuring of the loan before speaking about your concerns.Get over Your HurdlesIt is may not always be easy to get in touch with the loss mitigation department....more
In taking into consideration a profession in the mortgage industry, you probably would have heard about CeMAP. Once you have made the decision to out to be drawn into the mortgage and real estate industry as a mortgage consultant then CeMAP training is the primary recognized stride all along the way. On the other hand, having said that, there are a...more
Author: MPetroneMortgage refinancing is easier and more beneficial for struggling homeowners to get than ever before. This is because of new stimulus programs enacted by President Obama. These stimulus programs enable millions of homeowners the chance to get a more affordable mortgage, save money, and prevent homes from being lost. Here is how you...more
Author: Stephen MarcumWhat should you do when the value of home is less than the mortgage you pay? Pillar Pro Deals Pillar Property Group representatives here this question everyday when we speak with homeowners. We would like to respond to this question based on our combined experience in the housing industry. First, it is possible the debt owed on your home can outweigh the actual value of the property you own. Of course you can wait until the value of your home increases depending on the debt you owe. But, who can afford such a wait when you must sell immediately. I have seen time and time again many property owners are in a situation where they have to sell their house immediately,"said Eric Skeeter, Pillar Property Group www.pillarpropertyforsale.com"> What can a homeowner do if they are in this situation? "Well, there are alternative options besides missing or not paying your mortgage payments," according to Skeeter. There is the short sale alternative. With this alternative, you have to tell the lender your financial situation and request them to accept less than you owe. You have to be upfront with the lender with your current financial status. "This option takes much...more
In this article, you will learn about the costs of taking the Cemap qualification, the time it takes to finish the course, and why you should take the Cemap qualification when deciding to become a Cemap mortgage advisor.The costs of the Cemap...more
Author: Ken SolstadFinding lenders online who will tell you the many advantages of a Reverse Mortgage is easy. But what are the potential disadvantages? A Reverse Mortgage can provide emergency funds when you need it, but make sure to do your...more
Author: MPetroneNeed to stop a foreclosure? Want to get a 2% mortgage interest rate? Struggling to make your monthly mortgage payments? Fear that you will not get help if you try to get a mortgage refinancing due to bad credit or other financial...more
Author: Zarko ZivkovicWhat is the best way to save money today? There isn’t any, don’t get me wrong, there are a lot of ways to save money and some of them are better than the others but there isn’t a way that can be labeled as the best way to...more
Author: MPetroneMortgage rates are near record lows right now and many people are trying to refinance a mortgage to take advantage. However, I think that throughout 2010 mortgage rates will gradually rise. This does not make refinancing a bad idea...more
The need for a good purvey of funds is imperative for any business. This is an even more crucial factor for new entrepreneurs who have new ideas and aspirations in their minds but cannot materialize them due to financial constraints. Funds do play a...more