231 Front Street, Lahaina, HI 96761 info@givingpress.com 808.123.4567

Tag: Loan

5 Times a Home Equity Loan Makes Sense

If you owe less on your home than it’s worth, you have equity. With a home equity loan, you borrow against that equity and pay the loan back in equal monthly installments for a preset number of years (typically, five to 30 years). The amount you can borrow is usually capped at 80% to 85% of available equity. For example, if your home is worth $300,000 and you owe $200,000, you have $100,000 in equity. That means you may be eligible to borrow $80,000 to $85,000 in a home equity loan.

When you take out a home equity loan, your home acts as collateral, meaning a lender can repossess your house if you fail to make payments. Home equity loans can be useful, but it is crucial to consider whether you can afford one before moving forward.

Also consider how you intend to use the home equity loan. Here are

Read More

Why bankers are so worried about their small business loan books

That means that 57 per cent of people whose home loan deferrals were due to expire in September – some 22,900 borrowers owing a total of $8.7 billion – felt they were now in a position to meet their loan repayments.

As a result, the Commonwealth Bank has seen a gratifying improvement in its home loan book in the past month alone.

At the end of August, 9.8 per cent of its giant home loan portfolio (measured in terms of value) consisted of loans in deferral. By the end of September, this had dropped to 8.0 per cent. (This translates into some 93,000 home loans, with a combined value of some $37 billion.)

What’s more, October is likely to see a further steep fall in deferred home loans, with deferrals due to expire on some 52,000 home loans (worth a combined $20 billion).

If more than half of home loan

Read More

Solar & Home Improvement Contractor Point-Of-Sale Lender Dividend Finance Announces New Lending Platform & Broader Loan Product Suite

 

Dividend Finance Inc., a U.S.-based fintech that specializes in point-of-sale lending to solar and home improvement contractors, announced on Wednesday the launch of a new technology platform. Founded in 2013, Dividend claims it is a leading national provider of renewable energy and energy-efficient financing solutions to property owners.

“We give our customers the opportunity to obtain clean energy financing through a comprehensive suite of financing options. Our flagship product, the EmpowerLoan™, continues to expand its product offerings into the storage and home-energy space.”

Dividend reported that in addition to a new solar + home improvement partner portal, it is now offering its solar contractors an array of new products and enhancements including:

  • Dividend Lite: a new single-page URL application
  • New solar loan terms, including a 25-year 2.99% APR, 20-year 1.49% APR, 15-year 1.49% APR, and 10-year 0.99% APR
  • Flexible credit criteria and funding requirements
  • Same-day approvals and project funding

Skyler

Read More

Dominic Calvert-Lewin: From non-league loan to England call-up

I never stopped believing – Calvert-Lewin on England call-up

No-one has scored more Premier League headers than Dominic Calvert-Lewin since the start of last season, but his leap to prominence is no surprise to the man who signed him for Everton.

Former Toffees defender and now academy director David Unsworth says he is still “amazed” that he managed to buy the forward from Sheffield United for a “cheeky” bid of a reported £1.5m in 2016.

He first spotted Calvert-Lewin as a 15-year-old in the gym when he was head of the Blades’ academy, and quickly realised he was “a talent who stuck out”.

“What first caught my eye was his gym work,” Unsworth tells BBC Sport. “We’d be there in the evenings and his power from a standing jump was the best I’ve ever seen. He was doing a lot of squats, and jumps at an incredible height onto these

Read More

Dividend Finance Announces New Lending Platform & Broader Suite of Loan Products

Dividend Finance Inc. (“Dividend”), a leading FinTech point-of-sale lender to solar and home improvement contractors, is announcing the launch of a new technology platform. In addition to a new solar + home improvement partner portal, Dividend is offering its solar contractors an array of new products and enhancements including:

  • Dividend Lite – a new single-page URL application which makes qualifying and signing up a customer faster and easier;

  • New solar loan terms including a 25-year 2.99% APR, 20-year 1.49% APR, 15-year 1.49% APR, and 10-year 0.99% APR*;

  • More flexible credit criteria and funding requirements; and

  • Same-day approvals and project funding

Dividend’s New Partner Portal
With solar and home improvement in one portal, Dividend is making it easier than ever for contractors to provide a fast and informative sales experience to their customers. Dividend’s new portal offers a faster credit application process, the ability for users to update and resend documents,

Read More

KBRA Releases Report Assigning Rating to the Narragansett Bay Commission Bucklin Point Resiliency Improvements Project WIFIA Loan

On September 30, 2020, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA with a Stable Outlook to the Narragansett Bay Commission Bucklin Point Resiliency Improvements Project WIFIA Loan. At the same time, KBRA affirmed the long-term rating of AA with a Stable Outlook on the Combined Sewer Overflow (CSO) Phase III Facilities WIFIA Loan.

Click here to view the report. To access ratings and relevant documents, click here.

Disclosures

Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above.

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies)

Read More

First Home Loan Deposit Scheme extension could be just the start

Modern Suburban House

New homes are the key beneficiary of the nation’s latest first-home buyer stimulus.


Victorian first-home buyers can make an up to $850,000 first step onto the property ladder under an extended and revised key housing support program.

On Saturday, Housing Minister Michael Sukkar announced an additional 10,000 First Home Loan Deposit Scheme places, and raised the cap in Victoria from $600,000 to $850,000.

But the extra 10,000 places nationwide are reserved for those buying off the plan, or a newly built home.

RELATED: Display home visits booking out after being cleared for inspection

First Home Loan Deposit Scheme warning for buyers considering it

Lockdown costs Melbourne buyers $25k HomeBuilder grant chance

The scheme allows first-home buyers to purchase a home on a deposit as low as 5 per cent without paying lenders’ mortgage insurance, as the government goes guarantor on their loan.

Building industry groups have lauded the move, but

Read More

Defense contractor who gave to Susan Collins accused of defrauding her business loan program

A Hawaii defense contractor who has donated to U.S. Sen. Susan Collins and whose business operates in Maine faces federal charges alleging he defrauded the Paycheck Protection Program, the small business loan program championed by the senator.

Martin Kao, the CEO of Martin Defense Group, formerly known as Navatek LLC, allegedly inflated the number of his employees his business had and how much they made to get a $10 million loan, then deposited $2 million into his personal bank account, according to a criminal complaint filed in U.S. District Court in Hawaii on Tuesday.

He then allegedly applied for a second loan. Kao, 47, is set to make an initial appearance in federal court in Honolulu on Thursday, according to U.S. Attorney Kenji M. Price’s office. He is facing two charges of bank fraud and five charges of money laundering.

The defense contracting company, headquartered in Honolulu, Hawaii, said it

Read More

TF Holdings’ iQ Decision Engine Announces New Partnership With Vergent Loan Management Services

First-of-Its-Kind Partnership Offers Lenders a Full-Cycle Software Solution

IRVING, Texas, Sept. 29, 2020 /PRNewswire/ — iQ Decision Engine (iQDE), a subsidiary of TF Holdings, Inc., has partnered with Vergent Loan Management Software to offer a full-cycle solution for lenders that includes integrated software, data and decisioning models.

TF Holdings logo (PRNewsfoto/TF Holdings, Inc.)
TF Holdings logo (PRNewsfoto/TF Holdings, Inc.)

iQDE is a fintech company whose decisioning software can be used across multiple consumer lending segments, including installment, auto and line of credit loans to automate decisions using highly predictive models to analyze credit and fraud risks. iQDE models are based on over 18 years of decisioning over two million loans, while Vergent offers comprehensive tools to manage portfolios from over 50 years of accumulated experience. With this partnership, the companies provide complementary services and a seamless experience for lenders.

Martin Wong, CEO of TF Holdings said, “Our experience in online consumer lending is unmatched

Read More

Cleveland gets $10.8 million loan to fund more sewer improvements

Ongoing sewer improvements in Cleveland, Tennessee, got a $10.8 million boost this week from a state loan.

Tennessee Gov. Bill Lee and Tennessee Department of Environment and Conservation Commissioner David Salyers announced the loan this past week. It comes from the Clean Water State Revolving Fund Loan Program and is aimed at infiltration and inflow corrections within Cleveland’s sewer collection system, officials said.

The loan has a 20-year term at 0.73% interest. Greg Clark, Cleveland Utilities’ manager of wastewater collections, said that rate was less than half the rate the city got on another $10 million program loan in 2018.

“Typically what we’ve done is, we get a $10 million loan and inside of that we’ll typically perform three rehabilitation projects with that money,” Clark said Thursday. “Each year we’ll bid a contract somewhere in the vicinity of $3 million to $3.5 million, just depending on how the work plays

Read More