Bank of America Loan Modification – How to Get Yours Completed in 7 Days Or Less

Are you looking for a way to get your Bank of America loan modification? Does everything out there look pretty similar? Well this program is way different from any other out there. Read on!

With all the mortgage modification services out there today, it’s hard to know who to trust. Many of them are different as well. They have attorneys, no attorneys, “expert” negotiators, etc. But they have one thing in common. It generally takes 2 to 3 months if you are lucky to get your loan modification completed. And this is a big “if you are lucky” because not all loan modifications are completed after this time. You are left waiting and wondering “what is going to happen?”.

Some companies out there can pre-qualify you for a loan modification, but what does that mean? Are they doing this based on their own qualifications or are they actually speaking with your lender about your unique situation? There are some standard guidelines that have to be met to get a loan modification and if you have been in the business long enough you’ll know what these are, but those don’t matter if the lender doesn’t approve them. And getting pre-qualified for a loan modification doesn’t necessarily mean you are going to be told what and when you are going to get in the end.

That’s why this program is so mind blowing. Not only do you get pre-qualified, but you also get to know exactly what your interest rate and payment will be when it’s over. And to actually sign your docs it is going to take…wait for it…a week or less!

Here’s how it works. You call up and give them your loan number with Bank of America. They’ll ask you a few quick questions and place you on hold. Then, they will actually call case managers from your lender and verify that you are approved for a loan modification. It doesn’t stop there. They will also get your new interest rate and monthly payment! All this is done with no upfront fees. Talk about a guarantee! If you decide to move forward, you will know exactly what to expect when the process is done. And by the way, this process only takes 24 hours to 7 days.

To further ease your financial stress, many times the first payments due date is pushed back 30 days from the time the docs are signed.

If you are on the fence financially, they also have instant payment reduction programs. This will cut your payments by about 30% instantly. If you can make those payments on time to your lender for 3 consecutive months, you are then guaranteed your loan modification. This is to make sure that you can make your new lower payments, since many people who are suffering a strong financial hardship get denied for a loan modification or get one and end up defaulting again. This way, you can show the bank you are able to make your payments for 3 months and get the loan mod done. You’ll be told what your new payment is going to be before you start that program.

If you are looking for a Bank of America loan modification, you cannot afford to miss this opportunity.

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How to Get Cheap California Auto Insurance Quotes Online

If you have ever paid for auto insurance, you know that is not easy to find affordable rates for the average consumer. California requires by law that you have at least the minimum auto insurance coverage which consists of Bodily injury liability limit of $15,000 per injured person up to $30,000 per accident and Property damage liability coverage with $5,000 minimum limit.

Now, you need to realize that usually is better have the most coverage that you can afford, because you want to be protected against any financial loss if you run in to a serious accident. However the more coverage you get the higher your insurance rates will be.

Once you know the kind of coverage that you want you need to start shopping around and compare auto insurance rates. The best way to do this is to get California auto insurance quotes online, it is very easy, you just have to fill a form and you will be able to get quotes from the top insurance providers.

But how do you get low Rates?

There are some factors that you can control and others that not, but even if you cant get a cheap quote right now, you can eventually lower your rates if you follow these tips:

– keep a good driving record, avoid tickets and accidents.

– have a good credit score

– Use a low value car, the higher the value, the higher the insurance cost.

– Take a defensive driving course

– Increase your deductible in order to reduce your premium rates.

Now all you have to do is provide your vehicle details and personal info online to get auto insurance quotes from the top carriers and compare your options. Don’t choose the cheapest option, choose the company that provides you the best coverage and customer support for a fair cost.

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Russian Banking Sector – An Overview

Although Russia is not regarded as offshore banking center worldwide, before the crisis it managed to attract large volume of capital to its capital markets. Russia started reforms in the banking sector in the end of the 1980s with the establishment of a two-tier banking system, composed of the Central bank responsible for carrying out the monetary policy, and five large state-owned specialized banks dealing with deposit collecting and money lending. Most authors argue that by the end of the 1990s three major types of banks developed in Russia: joint-venture banks, domestic commercial banks, and the so-named ‘zero’ or ‘wildcat’ banks. The last were formed by their shareholders – in most cases groups of public institutions and/or industrial firms (the so called Financial Industrial Groups (FIGs) – with the major purpose to finance their own non-financial businesses. As a result of the low capital requirements and practically nonexistent bank regulation, the number of these new banks grew rapidly and as early as January 1, 1996, Russia had 2,598 banks, of which the great majority was constituted of the ‘zero’ banks.

The structure of the banking sector adopted the German-type model of universal banks with banks being allowed to hold substantial stakes in non-financial firms. At the same time, through cross-shareholdings the Russian firms literally owned the banks they borrowed from, thus ‘giving new meaning to the concept of ‘insider’ lending’. Such lending practices worked well because the government underwrote the implicit debt created by enterprise banks making risky loans to themselves. In addition to this, in the early reform stage, the government-directed credits dominated money lending; thus, the banks’ main function was to borrow money from the Central Bank of Russia (CBR) at subsidized rates and then channel the finances to designated enterprises; the last being in most cases the de facto owners of the banks. The overall effect of this situation was, on the one hand, regarding the enterprise sector, that many new enterprises were left out with extremely limited access to funds, and on the other hand, concerning the bank sector, it implied high risk exposures as banks were subject to risk both as creditors to the industries and as shareholders in them. Moreover, there was an added source of risk to banks since, at least theoretically, the banks bear the risk of government-directed credit to enterprises.

In addition, the macroeconomic situation in the early 1990s was characterized by extremely high inflation rates and thus, negative interest rates (e.g. in 1992-1993 the real interest rates were -93%; in 1994 through early 1995 -40% before finally turning positive for time deposits during the second half of 1995). As a result, the amount of total credit to enterprises dramatically dropped during this period; in 1991 the share of credits to enterprises comprised 31% of GDP, while in 1995 the banking system had a book value of loans to enterprises of $26 billion, representing 8.1% of GDP. All these factors taken together lead to a rapid growth of overdue credit and by the end of 1995 one third of the total bank loans were non-performing, a share amounting to almost 3% of GDP. Equally important, long-term credits amounted to around 5% of total bank loans, in other words, banks focused mainly on short-term money lending (which, taking into consideration the high level of uncertainty had a relative advantage as compared to long term money lending).

The above described characteristics of the Russian banking sector in the first half of the 1990s highlight the difficult macroeconomic situation in which a German-like model of universal banks was introduced. And even in this initial stage, one has enough grounds to question the feasibility of this decision for instead of a clear inflation history – an absolutely necessary pre-condition for the introduction of a German-type banking system – Russia had experienced extremely high, persistent inflation rates and a great macroeconomic instability. Moreover, some authors agrue that banks shareholding in non-financial firms was rare and could not reach a sufficient level of concentration to order to allow for the mecahnism propsed by Gerschenkron to work. Introducing a German-type of banking system in Russia, therefore, seems not to be an outcome of a well-thought strategy by the policy makers, but unfortunately, as seen by most observsers, a result of regulatory capture by some influential private interests.

Still, many authors claim that given Russia’s background, the chosen system of close bank-enterprise relationships was optimal and that banks played a major role in facilitating investment. In this respect, the next section of the paper will focus on providing empirical evidence on the bank-enterprise relationships in Russia and on assessing the relevance of the chosen bank model for Russia’s economy in the early transition stage. In particular, two major questions will be raised: 1) how did the close bank-enterprise relationship affect (if at all) the distribution of bank credit and the decisions of the enterprises; and most importantly, 2) did this model play the role of an instrument to boost firms’ investment as believed by Gerschenkron.

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Investment Resources: An Easy Way to Earn and Become Successful

Generally speaking, based on its basic definition as the way people comprehend the word, investment is the process of putting money into a business or an organization to earn money in return. It is one of the most popular methods of increasing your finances in a very easy way. In fact, as many people projects it, investing is always better than saving or depositing your money in the bank as investing can acquire less tax and higher revenue.

The process of investment starts with the different investment resources, especially for people. The money collected is processed to work or move on a specific business to earn. The investments may give a certain position or share in the company where the returns or the revenues are given back to the investors depending on some their investments. That means that if you invested a higher amount, then the returns are higher than others.

What is good in investing is that you don’t have to work to earn. All you have to do is to invest, and wait for the earnings to come. Good examples of investment methods or practices are a stock market and cooperatives.

There are several factors you need to consider when investing. These factors are important to ensure best results on your investment. Check the following factors below.

Company Background

The first important factor is to check the company background where you want to invest your money. The company should have a strong foundation and stable income with a forecast to exist in the next 20 years.

Investment Resources

You have to make sure and be certain that you have the right and accurate investment resources to invest. Do not put all your money on the investment. This consideration will give you security if there are problems that will arise.

Always Observe

The last factor is to be observant. Earnings may be easy with no efforts, but you have to observe the amount that you earn, and the rate of its earning. This consideration will help you decide if you have to continue the investment or back it out immediately.


Investing may be an easy way to be successful, isn’t it. But before putting your resources, you have to be knowledgeable about what are the pros and cons of investments. If you fail to do so might lead to a waste of money, time, and effort. The question is, are you ready to make investments now?

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