Senate bill to clear obstacles to self-driving cars advances, mortgages for dummies.#Mortgages #for #dummies


Senate bill to clear obstacles to self-driving cars advances

Mortgages for dummies

WASHINGTON — Legislation that could help usher in a new era of self-driving cars advanced in Congress on Wednesday after the bill’s sponsors agreed to compromises to address some concerns of safety advocates.

The Senate Commerce, Science and Transportation Committee approved the bill by a voice vote, a sign of broad, bipartisan support. It would allow automakers to apply for exemptions to current federal auto safety standards in order to sell up to 15,000 self-driving cars and light trucks per manufacturer in the first year after passage. Up to 40,000 per manufacturer could be sold in the second year, and 80,000 each year thereafter.

Action by the full Senate is still needed and differences with a similar bill passed by the House would have to be worked out before the measure could become law.

The bill initially would have allowed manufacturers to sell up to 100,000 self-driving vehicles a year, but that number was reduced in last-minute negotiations. In another change, the National Highway Traffic Safety Administration would evaluate the safety performance of the vehicles before increasing the number of vehicles manufacturers can sell.

Supporters of the bill, which was sought by the auto industry, say it would be a boon to safety since an estimated 94 percent of crashes involve human error. They say it would also help the disabled.

The bill “is primarily about saving lives,” but it will also increase international competitiveness and create jobs, said Sen. Gary Peters, D-Michigan.

Safety advocates say they still have concerns. Joan Claybrook, a NHTSA administrator President Jimmy Carter, said the bill is one of the “biggest assaults” ever on the landmark 1966 law that empowered the federal government to set auto safety standards.

“The public will be the crash dummies in this dangerous experiment,” she told reporters on a conference call Tuesday.

Under the bill, the NHTSA would have 180 days after an application in which to grant or deny the exemption. Manufacturers must show that they can provide an equivalent of safety. Safety advocates say six months isn’t enough time for an agency that is undermanned and lacks expertise in self-driving technology to effectively make such determinations.

The bill is broad enough to permit exemptions to standards that protect occupants in a crash, like air bags, safety advocates said.

There are no federal safety standards for many of the technologies at the heart of self-driving cars, like software and sensors, and there is no sign that the Trump administration would create such standards. Administration and auto and technology industry officials suggest that new regulations would be unable to keep up with rapid developments in technology and would slow deployment of self-driving cars.

The bill pre-empts state and local governments from enacting their own safety standards in the absence of federal standards. Industry officials have complained that being forced to comply with a patchwork of state safety laws would be unmanageable. But another compromise made to the bill allows states to continue their traditional roles of licensing vehicles and regulating auto insurance even if their actions affect the design of vehicles. Wrongful death lawsuits against manufacturers would also be allowed in states that permit them.

Automakers have experienced the largest number of recalls for safety defects in the industry’s history in recent years. General Motors, for example, was found to have buried evidence of an ignition switch defect that ultimately caused the recall of 2.6 million small cars worldwide. The switches played a role in at least 124 deaths and 275 injuries.


Finest Capital Ltd Provides Residential and Commercial Mortgages, Loans and Refinance, New York, New Jersey,


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Welcome to FinestCapital.com

Finest Capital is the Superior Mortgage Source

Want easy fast answers? Call us at 516-933-1800.

EXCLUSIVE – 100% FINANCING EQUITY/JOINT VENTURE PROGRAM.

RESTART YOUR STALLED PROJECT! WE DELIVER THE ONLY 100% FINANCING PRODUCT for DISTRESSED COMMERCIAL PROJECTS. CALL TODAY – 516-933-1800 for a FAST – NO Obligation analysis.

Welcome to Finest Capital – we deliver:

– Investor 1-4 family Residential Purchase/Rehab Loans up to 70% of the ARV

– Hard Money Commercial financing for Commercial Short Sales Debt Restructuring purchase/development Projects in the US and Internationally.

CALL US NOW at 516-933-1800 for a no obligation confidential review of your loan scenario.

The name Finest describes the most current, competitive loan products, the finest quality work, a dedicated commitment to service, and the most current market rates, all based on the highest level of corporate integrity that is available in the lending market. In all circumstances the staff of our Finest family looks forward to delivering to you the highest level of service with integrity, helping you achieve your financial goals.

Please browse our site and contact us to learn more. We deliver loans tailored to meet the needs of the client and the needs of the transaction.

We deliver residential (1-4 family) mortgages through our trained and knowledgeable staff, personally matching YOUR needs to the right loan type that best matches your situation. We also are a stop foreclosure specialist. Click to read why we have what it takes.

We deliver many commercial and business loans to fit almost any loan scenario including institutional and private mortgages. Our loan products include construction special use loans, bridge loans, mezzanine financing, equity participations, foreclosure workouts, etc.

Commercial mortgages

Commercial mortgages Residential Loans (1-4 family)

With hundreds of lenders, a home buyer/owner is faced with having to select the right loan from many different mortgage products. Our professional expertise can help you choose the right mortgage product for your residential loan – purchase or refinance – and get you closed quickly. We offer no-closing cost other money saving incentives putting cash back into your pocket.

Available programs include; no document; stated income; full document; adjustable and fixed rate loans all with various amortizations; other loan programs are also available. Contact us to determine which loan program and product works best for you. We arrange pre-approval for your new home purchases so once you select your property, you’ll be ready to quickly close.

Our reputation precedes us – we’ve worked closely with many law enforcement, fire department and emergency responders. teachers and other civil service employees = we provide references so you can put your trust in us.

Please call us now at 516-933-1800.

Commercial mortgages Commercial and Business Loans

Finest Capital Ltd delivers commercial real estate and land backed loans for purchase, refinance, development, construction and renovation. All property types are considered including; Multi-Family (5+ units) and Mixed Use property loans; Business Loans for Dry Cleaners, Gas stations, Laundromats, Restaurants, Car Wash, Self Storage and others; Specialized programs for Nursing Homes, Assisted Living, Hospitality, Day Care Centers, Churches and other unique properties; Asset based loans; Equipment backed loans and lines of credit; we are an SBA loan specialist with direct SBA lenders. We service financing needs for individuals and businesses.

Commercial mortgages Bridge Loans

Finest Capital Ltd’s affiliate company is a direct lender making short-term commercial bridge loans (all property types considered) from $300,000+ in the US with a preferred loan size of $1,000,000 to $5,000,000.

Our bridge loans are often made when timely institutional bank financing is not available. We can close rapidly to accommodate the needs of the borrower.

Finest Capital Ltd customizes real estate backed loans, lines of credit and equity participations to satisfy the requirements of the transaction and borrower. All credit and property types are considered. Working together with our borrowers, Finest Capital Ltd develops unique financing solutions!

Commercial mortgages


Mortgages – Fixed Rate Mortgages – Adjustable Rate Mortages – Construction Loans – Raw Land


Mortgage – Fort Knox Federal Credit Union

Fixed rate mortgages

Fixed rate mortgages

Understanding Your Mortgage

There is a lot to understand when it comes to mortgages – the terms, forms and processes. With all these elements, having a mortgage can seem overwhelming. Get the information you need in order to prepare yourself for the mortgage application and home-buying process,Click here to learn more!

Easy and Convenient Mortgage Application Process: Apply online or we’ll be glad to discuss your options and take your application with you over the phone.

Borrow up to 90% of the Appraised Value – lot equity can be used as down payment

Interest Only Payments during the construction phase – helps minimize your costs prior to completion

Easy and Convenient Mortgage Application Process: Apply online or we’ll be glad to discuss your options and take your application with you over the phone.

Fixed rates up to 30 year terms available 1

Easy and Convenient Mortgage Application Process: Apply online or we’ll be glad to discuss your options and take your application with you over the phone.

VA loans and FHA loans are two types of government-secured mortgage loans. FHA loans are secured through the FHA, or Federal Housing Administration; while VA loans are secured through the VA, or Veterans Administration. Both of these loan programs offer lower costs and lower down payments than traditional mortgages, the intent of which is to place more people into homes. ( Source: eHow.com )

3.5% Down Payment – can even be gift from family member 2

Seller can pay up to 6% of the purchase price towards your closing costs and prepaids 2

100% Financing Available – subject to eligibility 3

Seller can pay up to 4% of the purchase price towards your closing costs and prepaids

Easy and Convenient Mortgage Application Process: Apply online or we’ll be glad to discuss your options and take your application with you over the phone.


Mortgage best-buy comparison, best mortgages.#Best #mortgages


Mortgage Best Buys Beta

Unlike many other best buy tables we don’t just include broker only mortgages, we also show you the direct deals. The only mortgages that might be available that we can’t show are exclusives that are available to specific brokers.

Step-by-step help

Read our full Free Printed guide to first-time mortgages

Step-by-step help

Read our full Free Printed guide to Remortgaging

How this site works

We think it’s important you understand the strengths and limitations of the site. We’re a journalistic website and aim to provide the best MoneySaving guides, tips, tools and techniques, but can’t guarantee to be perfect, so do note you use the information at your own risk and we can’t accept liability if things go wrong.

  • This info does not constitute financial advice, always do your own research on top to ensure it’s right for your specific circumstances and remember we focus on rates not service.
  • Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first.
  • We don’t as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it’s rarely made public until it’s too late (see the Section 75 guide for protection tips).
  • We often link to other websites, but we can’t be responsible for their content.
  • Always remember anyone can post on the MSE forums, so it can be very different from our opinion.

MoneySavingExpert.com is part of the MoneySupermarket Group, but is entirely editorially independent. Its stance of putting consumers first is protected and enshrined in the legally-binding MSE Editorial Code.

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Fixed-rate mortgages: the best deals over two, three, five and 10 years, fixed rate mortgages.#Fixed


Fixed-rate mortgages: the best deals over two, three, five and 10 years

A fter a period of all-time low mortgage rates, the price of borrowing has begun to rise across the market.

Those who are borrowing a large percentage of the value of their home are being hit the hardest.

The average two-year fixed rate for someone with a 5pc deposit has increased from 4.16pc a month ago to 4.26pc today. Six months ago the rate was at 4.14pc, according to data from personal finance website Moneyfacts.

By comparison, the average rate for someone with a 40pc deposit has only increased from 1.66pc to 1.69pc, and is still cheaper than six months ago.

However, a growing sense among borrowers that rates are going to continue rising is driving a surge in switching as homeowners dash for the best deals. Some of the cheapest options have already disappeared from the market, and many new best-buys do not last for long.

Lending industry figures published in July show re-mortgaging on the rise across the country. In expensive regions where loans are typically higher the trend is more pronounced: re-mortgaging in London, for instance, has jumped to an eight-year high.

Lending overall is expected to slow through 2017 and 2018, which should add to competition and keep rates low for the forseeable future as lenders continue to chase new business.

Scroll down for our list of the current best-buy mortgages

T his guide tells you everything you need to know about fixed-rate mortgages and the best deals available. It is regularly updated as events change.

For more tailored, up-to-date best-buy fixed-rate mortgage deals, go to our mortgage best buy tables. This shows a selection of top rates based around your requirements.

What affects mortgage rates?

The pricing of fixed mortgage rates depends on several factors, but mostly whether banks can get their hands on cheap money to lend out. They usually get it from savers or by borrowing from other banks on the money markets, buying money at a certain rate – the swap rate – for a certain period.

These swap rates react to expectations of future interest rates and inflation, which affect the price of mortgages.

Swap rates dropped sharply last January amid global economic turbulence, and again following the Brexit vote, but rose again at the end of 2016.

Mortgage rates are expected to rise in response, although the level of competition between lenders and some market stagnation may delay reactions.

Action taken by the Bank of England can have an impact too. The Bank has made it clear in the past that if runaway house prices are a risk and ultra-low mortgage rates are a cause, the latter will be policed away – by heaping new costs or capital requirements on the banks.

L enders could then pass on the increased cost of funding to mortgage customers by increasing their rates.


Interest Only Loans, Interest-Only Mortgage Loans and Rates, interest only mortgages.#Interest #only #mortgages


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InterestOnlyLoans.com is the original resource for information on interest only loans mortgages in the nation. First-time homebuyers, seasoned real estate investors mortgage professionals use our site daily to find information on topics such as interest-only mortgage programs, the LIBOR Rate, the Prime Rate, the COFI Index, Option Arm Loans more. You can view common interest-only mortgage guidelines, find interest-only mortgage lenders, calculate interest only mortgage payments, understand the benefits risks interest-only loans have over traditional fixed rates and even view the current Fannie Mae loan limits for conforming, jumbo super jumbo mortgage loans.

An interest only loan does not mean you will never pay principal on a home loan. These mortgage programs simply have what’s known as an interest-only payment option attached to the note. In all cases the note will state how long your interest-only payments will last. Let’s use a 5 year interest-only loan for example. On a typical 5 year fixed rate under an interest-only program the interest rate is fixed for the first five (5) years of the loan term and your only obligation are interest-only payments during this term. During the beginning of the 6th year (month 61) the unpaid balance is fully amortized over the remaining term and the borrower is now obligated to make principal and interest payments to the lender. Think of it as taking a 25 year mortgage (principal interest payments) on an adjustable rate note tied to the then current interest rates.

LIBOR (an abbreviation for London Interbank Offered Rate ) is the interest rate offered by a specific group of London banks for U.S. dollar deposits of a stated maturity. The majority of interest-only loan programs are tied to the LIBOR index rate although some lenders use the CMT (treasury) and COFI indexes.

No, not for everybody. Interest-only loans are generally not long term loan programs. However interest only loans can provide a great option for many homebuyers such as:

Consumers who do not wish to tie up the equity in their home and would prefer to invest the money into markets of better return.

Consumers who are sure their income will grow but would like greater purchasing power today. For example, young lawyers doctors

Consumers who know the time frame for home ownership and are more concerned with lower payments than building equity.

Consumers purchasing investment property find interest only loans very valuable in areas where real estate appreciation is high.

This is not to say that an interest-only loan may not be right for you but every program has a certain profile of consumers that tend to show the majority of interest. If you think an interest-only loan can benefit your life it would be a good idea to contact a mortgage lender consult with your financial advisor to make the best decision for you and your family


Private Toronto Mortgage Lenders – Second Mortgages, 2nd mortgages.#2nd #mortgages


2nd mortgages

2nd mortgages

Recognized as a source of private Ontario mortgage money, Tridac Mortgage specializes in working with borrowers turned down by banks and traditional lending institutions. Our focus is not just to arrange a private mortgage for you but ensure that you are set up to successfully move forward financially with more conventional financing and lower rates.

Here are some of the issues that help our clients with everyday:

  • second mortgages
  • debt consolidation
  • property income tax arrears
  • stopping power of sale
  • mortgage arrears
  • restructure of financing
  • judicial sales / tax sales
  • unique “non-conforming” properties
  • major home renovations construction financing

Why Consider Tridac Mortgage For Your Private Mortgage?

Tridac Mortgage is the exclusive brokerage for a number of private money sources including Hansa Mortgage Investment Corporation. With unique access to our own pool of private mortgage money, each lending decision is based on more than numbers, ratios, credit score, and income. While important, we also take into consideration your capacity, character, ability, and your desire to get your finances on track.

For over 40 years we have encountered almost every conceivable financing situation and understand that the circumstances and situations of individuals are unique.

2nd mortgages

Private mortgage lenders with purpose.

Since we are entrusted with our investor s money we are able to tailor a more personalized private mortgage solution to you. This helps us build a strong relationship with you, keeps communication clear and results lower over all costs a fees.

Our focus is on short term transitional lending where we can improve your situation and move you into conventional and lower interest rate financing.

What is a private mortgage?

A private mortgage is a mortgage contract in which the lender is not a registered financial institution. Instead, the lender may be an individual or group of individuals who provide money in exchange for secured interest on your real estate.

Banks have strict guidelines surrounding their lending practices limiting their ability to lend for certain scenarios or borrower profiles. With borrowers marginalized as a result of these strict lending guidelines, private mortgages are used to meet those unique needs. Situations where a borrower may require a private mortgage include financing for:

  • home renovation and construction projects
  • self-employed borrowers who can t support their income via traditional means
  • debt consolidation to help improve cash-flow and improve credit scores
  • iincome or property tax arrears which block you from being able to arrange more conventional financing
  • mortgage arrears;
  • non-conforming properties

Security Federal Savings Bank, second mortgages.#Second #mortgages


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  • Conventional loans – This type financing features long term mortgages with a fixed rate.
  • Federal Housing Administration (FHA) – This loan offers the benefit of a low down payment.
  • Veterans Administration (VA) – VA loans make financing available to borrowers with at least six months active duty and fixed rate financing on long term mortgages.
  • USDA Rural Development Guaranteed Loan – The USDA loan is geared toward the Low to Moderate income borrowers. It is excellent for first time home buyers, with 100% Financing, with a low fixed rate. Income limits do apply and the term is for 30 years.
  • Tennessee Housing Development Agency (THDA) – This loan is for first-time home buyers or buyers who have not owned a home within the past three years and offers a lower fixed interest rate on long term mortgages.

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Mortgage Brokers Auckland Home Loan and Mortgage Arrears, second mortgages.#Second #mortgages


NON BANK, because you can’t always bank on your Bank!

Second mortgages

The term “Non Bank”, “NonBank” or “Bank Alternative” quite simply means those lenders who are involved in the business of providing finance, but are not the registered Banks like ANZ Bank, ASB Bank, HSBC, Kiwibank, Bank of New Zealand, Rabo Bank, TSB & Westpac.

Non Bank lenders therefore includes recognised names like Sovereign AMP, who are both also leaders in Insurance, Resimac Home Loans and Building Societies such as Napier and Wairarapa.

These institutions compete head to head with the Banks for Non Bank home loans and commercial property finance, with competitive interest rates for loans. Potential non bank home loan clients will generally require 10% mortgage deposit of which 5% is ideally savings, a good credit history, income that can be clearly demonstrated by pay slips or financial accounts, well conducted cheque accounts, with overdraft limits being respected, and any loan payments always met when due.

Second mortgages

There are also less well known non bank lenders who will consider second tier, non bank, may be even bad credit loans, that may not quite fit main stream banks or first tier lenders credit criteria. This could either be a first or second mortgage for buying, building or refinancing a property and this may be an owner occupied home loan, a residential rental investment or for commercial use. These lenders tend to focus on the areas with a larger population base such as Auckland and Wellington and other provincial centres such as Hamilton, Tauranga, New Plymouth, Palmerston North, Taupo, Nelson, Christchurch and Dunedin.

Non Bank lenders, can also be known as subprime, bank alternative or second tier lenders , this category will include Solicitor Nominee Funds, Group Investment Funds, Finance Companies, Mortgage Trusts, and Private Lenders. Often our borrowers in this category may have difficulty proving income or require funding, with an interest buffer included in the loan, for a specific project or pending sale of a property.

These non bank home loan, second tier nominee lenders will typically provide shorter term home loan and commercial property finance facilities, for purchases or refinancing, but have more flexibility to structure a loan, so that it fits the purpose that you require, rather than complying with the policy of a faceless back office credit department that you have no access to.

We have the benefit of being able to present your loan direct to the decision makers, explaining any issues such as, gifted deposit, bad credit, hard to show income, missed repayments, rather than you trying to negotiate your way through layers of bureaucracy.

Whilst NonBk Ltd is based in Orewa, just 10 minutes North of Albany, Auckland, and I tend to look after this area, including Whangaparaoa, Millwater, Stillwater, Helensville, Warkworth, Wellsford, Whangarei and North, we also have Advisers in Central, South, East and West Auckland. We also provide a remote service using phone fax, phone, scan and email and this covers areas pretty much everywhere, such as Tauranga, Rotorua, Taupo and New Plymouth in the North Island and Nelson, Blenheim, Christchurch, West Coast, Queenstown and Invercargill in the South Island. With internet and email being a global service we also help people in Australia, America, China and Europe and have even helped new clients from France with an urgent loan that was approved and settled within 5 days. The phone calls were at 2 am in the morning NZ time!

Note: Sometimes you can access funds in your KiwiSaver account to assist with a deposit on a home. It is important to realise though that this may impact on your longer term savings. This should always be discussed with your KiwiSaver provider or Authorised Financial Adviser. As a Registered Financial Adviser I am unable to advise on Investment products.

We encourage you to spend a little time at our non bank site for infomation on:

If you then decide you want some more non bank information or advice we will be pleased to assist. We encourage you to use our online enquiry form as this will assist you to provide the key information required, so we can quickly give you the help you are looking for.


Home Loans for Bad Credit, FHA Mortgages – Refinancing, GovHomeLoans, fha mortgages.#Fha #mortgages


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Fha mortgages

It takes less than 30 seconds to move toward homeownership. And it is free. Let us help you.

Home Loans For Bad Credit

Are you wondering how to buy a home with bad credit? Do you know how to acquire a bad credit home loan? Thanks to the fact that they are government insured, the FHA (Federal Housing Authority) and FHA backed Mortgages, allow people to get home loans with bad credit; so you buy the home you ve been wanting. These “Bad Credit Mortgages” are not as expensive as some other home loans, and their relaxed qualifications help people every day stop being renters and become homeowners.

Most people consider owning a home at one point or another in their lives, but do not know what it takes to do so. What houses can I afford? How much is it going to cost? Do I have enough down payment? Will a bank lend to me? Perhaps you have gotten past that part and actually have gone to a bank to find you are not eligible for a home loan, but were not told why, or do not understand why. Then you re left with even more questions. Do I have bad credit? Do bad credit home loans exist? How can I get home loans for bad credit or even how to buy a home with bad credit? What is my debt to income ratio? What do I need to qualify for an FHA bad credit mortgage loan?

At Government Home Loans, we have answers and resources for every step in the home loan process, focusing heavily on FHA loans due to the relaxed guidelines and their ability to help the first time home buyer. Our goal is to give you a timeline and a plan to get you access to home loan that is both a safe, and responsible loan that you can succeed in.

We have highly trained loan specialists available to you, and we are committed to sharing all of our resources to get you into your own home with an FHA Mortgage. Whether you are a first time home buyer and are looking for home loans for people with bad credit, or have owned before but have been recently turned down, our specialists as well as many online resources can provide you the tools you need to attain your goals. Things have changed a lot, you can buy a home with bad credit now. Talk to one of our bad credit mortgage lenders or find the information that may help you right here on the website.