Payday Loans For Livet Tue, 21 Jun 2022 21:00:14 +0000 en-US hourly 1 Payday Loans For Livet 32 32 I Got a Public Service Loan Forgiveness, Now What? Tue, 21 Jun 2022 21:00:14 +0000

The past few months have brought some pretty catchy headlines and trends when it comes to our collective finances. These days, you can’t get far without running into a burning issue near and dear to many of us: student loan forgiveness. Earlier in the year, the U.S. Department of Education released Public Service Forgiveness Loan figures that revealed 70,000 borrowers were eligible for nearly $5 billion in student loan relief, and other estimates predicted that up to 550,000 people could benefit, in total. If you’re qualified and your loans have been forgiven, it might be tempting to run out of cash and spend that wad of cash (hey, a splurge here or there might be in order), but if you’re looking to be smart with your money, my conversation with Mark Reyes, Senior Director of Financial Advisory at Albert, a financial services technology company might be helpful to you, as he has some good suggestions.

Reyes says less than 5% who qualified and applied received student loan forgiveness and for them to get it there were criteria that had to occur to stay in good standing. “ The service is designed [for people working in] jobs that are not high paying and have an impact,” he says. “Loan forgiveness helps relieve them of the economic burden of their student loans.”

Mindfulness of the basis of loan forgiveness is crucial. Above all, you must remain qualified for this forgiveness. It’s important to remember that the landscape of personal student loan forgiveness has changed significantly over the past few years, according to Reyes. This means that you will need to stay informed and ensure that you are fully aware of what needs to be done to qualify and possibly receive this loan forgiveness. Typically, this includes re-certification, providing the correct documentation, and making consistent payments while waiting for your loan to be forgiven.

Here are some additional tips:

GW: Should borrowers do anything from a tax standpoint?

MR: Yes. If you are receiving student loan forgiveness, make sure you have a clear picture that provides an accurate understanding of any tax liabilities you may be responsible for. Keep in mind that under the American Rescue Act of 2021, the amount of student debt that is forgiven will not be federally taxed until the end of 2025, but some states may still consider it income. taxable. If you plan to receive the pardon after 2025, stay alert to any changes to how the pardon will be handled by the IRS and be prepared for that.

GW: Tell us about paying off toxic debt.

MR: What is toxic debt? Also called toxic loans or bad debts, toxic debts are less likely to be repaid to a lender. If you have high-interest credit card debt or other forms of toxic debt like a payday loan, it’s time to detox by making it a priority to pay off those debts as soon as possible. Toxic debt is very expensive to maintain and can prevent you from achieving greater financial goals.

GW: What can people do about planning their emergency fund?

MR: It’s important to start prioritizing financial wellness and having an emergency fund saved up of 3-6 months of non-discretionary spending is a mainstay of that. An easy way to accomplish this task is to automate your savings, so that a percentage of your paycheck is automatically deposited into a savings account. I highly recommend it.

GW: A lot of people are reluctant to set a budget. Do you have any advice?

MR: Budget doesn’t have to be a dirty word. In fact, a healthy budget is the backbone of financial well-being, according to Reyes. If you’re not sure where to start, it’s probably best to keep it very simple. Reyes generally recommends what’s called a “50/20/30 budget.” This is where 50% goes to essential expenses such as rent, insurance, essentials and food, 20% goes to savings and investing, while 30% goes to everything you desire.

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GW: So can we call that 30% the You Only Live Once (YOLO) bucket? How many YOLOs can we make?

MR: This YOLO bucket is crucial for your enjoyment of life. It’s for whatever you want. If you stay in the 30%, it doesn’t matter what you do with it as long as you can stick to that 30%. You don’t have to YOLO every night. You can YOLO some.

GW: What about investing for retirement?

MR: Paying yourself first is crucial, as is paying yourself in the future. Retirement, that distant light at the end of the proverbial tunnel, will come knocking sooner than most of us realize, and the financial news surrounding our prospects for group retirement isn’t always great. Once you have a sound financial foundation (no toxic debt, a solid emergency fund, some wiggle room in your budget/no overspending), start investing for your retirement. Generally speaking, a good goal is to contribute 10-15% of your income, but if you can maximize your retirement account, [that’s] better.

GW: Thank you for your time.

Human Machine Interface (HMI) Market Expected to Reach USD Tue, 21 Jun 2022 05:40:30 +0000

New York, United States, June 21, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “HMI market Analysis by Components, Configuration Type (Standalone, Embedded), End User (Automotive, Semiconductor, Pharmaceutical, Oil & Gas, Food & Beverage, Aerospace & Defense) – Planned evaluation through 2027 is about to be completed. ‘reach USD 7.24 billion by 2026, registering a CAGR of 4.80% throughout the forecast period (2021-2026).

HMI market overview

The Human Machine Interface market is poised to experience notable revenue growth with improved HMI frameworks conveying higher usual accommodation.

Scope of HMI Market Report:

Report metric Details
Market size $7.24 billion
CAGR 4.80%
base year 2020
Forecast period 2021-2026
Historical data 2019
Forecast units Value (USD billion)
Report cover Revenue forecasts, competitive landscape, growth factors and trends
Segments Covered Components, end user and region
Geographical areas covered North America, Europe, Asia-Pacific and Rest of the World (RoW)
Main suppliers Siemens AG, Honeywell International Inc., ABB Ltd., Rockwell Automation Inc., Schneider Electric SE, Clarion Co. Ltd. (Japan), Robert Bosch (Germany), Denso Corporation (Japan), Synaptics Incorporated (USA), Voicebox Technologies (USA) Magneti Marelli SpA (Italy), Altran Technologies, SA (France), Delphi PLC (United Kingdom United States), Continental AG (Germany), Alpine Electronics, Inc. (Japan), Valeo SA (France), Visteon Corporation (United States), and Luxoft Holding, Inc. (Switzerland)
Key market opportunities Rapid and innovative HMI arrangements and extensive R&D exercises by Territorial Trade Members are needed to open doors to the HMI market
Key Market Drivers Players working in the auto human-machine interface market are gradually devoting resources to improving car HMI frameworks to improve customer reception

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The emergence of driverless cars and automated driving is influencing the growth of the HMI market. The human-machine interface industry is expected to undergo a momentous change thanks to the rapid technological revolution. The development of new products and exceptionally unique and versatile technological advances improving the adaptabilities of dashboard format are the latest trends in the human-machine interface market.

The market is expected to experience an explosion in demand soon, which will help it grow significantly. Additionally, growing preference for connected cars and premium vehicles and increasing vehicle sales are bolstering the market demand. The recent entry of high-tech companies such as Google has further boosted the growth prospects of the market. Additionally, the attractive advantages of HMI in various industries are favoring the Human Machine Interface market size.

Why is HMI becoming more important?

Human-machine interface (HMI), also widely known as man-machine interface or computer-human interface, enables communication between humans and machines, the mechanism for detecting external conditions. The growing use of Internet of Things (IoT) creates a vast need for an advanced HMI to interact with and control various connected devices.

Today we live in a world of interconnectivity, and IoT is crucial to connect industrial and consumer products through the Internet and HMIs are required to operate these devices. In recent years, with the latest technological upgrades, HMIs have become more sophisticated. Adding an HMI to a workplace or the most demanding industrial applications benefits a facility by improving productivity, operation and safety.

HMIs are everywhere, from high-tech machines and embedded (automotive) systems to vending machines. Several industries, such as pharmaceuticals, manufacturing plants, food and beverage, and utilities, use HMIs. In many industries, an HMI is the backbone of the production line, where it dramatically improves operations by enabling data acquisition, supervisory control, enhanced inventory control, and verification of every aspect of the lines. Manufacturing.

Browse In-Depth Market Research Report (100 Pages) on Human Machine Interface Market:

Human Machine Interface Market Segments

The HMI Market report is segmented into Components, Technology, Interface, Configuration, End User and Regions. Among these, the component segment includes hardware and software. Then, the technology segment includes optics, acoustics, bionics, materials and motion. The interface segment includes equipment and programming.

The configuration segment includes standalone, integrated, and others. The end-user segment includes automotive, semiconductor, pharmaceutical, oil & gas, food & beverage, aerospace & defense, etc. Further, the regional segment is sub-segmented into Asia Pacific, Americas, Europe and Rest of the World.

HMI Market Regional Analysis

North America dominates the global human-machine interface market. Factors driving the growth of the market include high per capita income, large number of car users, as well as rapid advancements and adoption of futuristic technologies. Also, the presence of technologically advanced companies is further boosting the HMI market share.

The European human-machine interface market is likely to grow rapidly owing to the large presence of well-established automotive industries in France, Sweden, and Germany. The Italian luxury car industry, in particular, is providing further impetus to the human-machine interface market.

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The size of the human machine interface market in Asia-Pacific is expected to grow exponentially in the coming years. Rapidly growing manufacturing sectors and increasing integrations of futuristic HMIs in vehicles are increasing the market shares of the region. Additionally, considerable financial improvement in the region is having a positive impact on market growth, increasing discretionary cash flow in end-use industries. APAC countries, such as Japan, South Korea, China, and India, account for significant regional market shares, with significant technological advancements and leadership in data and electronics.

The HMI market in the Middle East benefits from wealthy Gulf countries, such as Saudi Arabia, Qatar and Kuwait. On the other hand, the African market is likely to lag due to poor infrastructure and low incomes.

Human Machine Interface Market Competitive Analysis

The Dominant Key Players in the Human Machine Interface Market Covered Are:

  • Siemens AG
  • Honeywell International Inc.
  • ABB Ltd.
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Clarion Co.Ltd. (Japan)
  • Robert Bosch (Germany)
  • Denso Corporation (Japan)
  • Synaptics Incorporated (USA)
  • Voicemail Technologies (US)
  • S.A. (France)
  • Delphi PLC (UK)
  • Continental AG (Germany)
  • Alpine electronics
  • Inc. (Japan)
  • Valeo SA (France)
  • Visteon Corporation (USA)
  • Luxoft Holding Inc. (Switzerland)

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Highly competitive, the HMI market appears fragmented due to the presence of several well-established industrial players. These players initiate strategic approaches such as mergers and acquisitions, collaboration, expansion, and technology launches to gain greater competitive advantage. Another strategy adopted by HMI vendors is to work closely with end users to deliver customized solutions and achieve a steady flow of demand, which benefits both partners.

For example, recently, on June 8, 2022, Volvo Cars and Epic Games announced their collaboration to develop a real-time 3D automotive HMI. Volvo unveils its vision for real-time, photorealistic 3D content that will revolutionize the role of the in-vehicle human-machine interface (HMI), bringing new customer value and the outside world safely into the vehicle.

The underlying technology includes an unreal engine, and the visualization tool developed by Epic Games is used to power one of the biggest games, Fortnite. Said Unreal Engine would run on the HMI, providing cutting-edge graphics and a host of other features new to the car but thoroughly proven in the gaming industry.

In another case, on June 22, 2022, Cincoze, a rugged embedded computer brand, launched its edge computing solutions complete with display for smart manufacturing at Embedded World 2022, Germany. The official launch of many new products demonstrated the finesse of Cincoze in on-board computer systems.

Its rugged integrated fanless computers feature state-of-the-art computing solutions for harsh environments. Integrated GPU computers feature GPUs for machine vision and AI deep learning, real-time processing of large images, plus modular panel PC and industrial monitors for HMI display computing solutions .

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that prides itself on its services, offering comprehensive and accurate analysis regarding various markets and consumers around the world. Market Research Future has the distinct objective of providing clients with top quality research and granular research. Our market research by products, services, technologies, applications, end users and market players for global, regional and country market segments enables our clients to see more, know more and do more , which helps answer your most important questions. questions.

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		Western Loan and Jewelry has announced the expansion of its pawnbroking services
		Mon, 20 Jun 2022 21:41:08 +0000

										Bell Garden, Calif., June 20, 2022 — ( — After serving the Bell Garden, Calif. areas for several years, the company has long been a trusted pawnbroker.  The store specializes in luxury accessories and has expanded to Bell Garden, California as a trusted buyer and seller of designer handbags, luxury watches, gold and precious metals.

The newly announced service is unique in the pawnbroking industry and was introduced to facilitate the buying and selling of luxury handbags, precious metals, high-end watches and other luxury items. Customers can view the store’s entire inventory online, bid on items, and view shipping options, all without leaving home.

Many customers choose to sell their valuables to pawnbrokers as an alternative financial solution and can receive funds instantly.

Customers in need of short-term loans often turn to pawning their valuables as a safe financial alternative. The pawnshop does not require a credit check and offers affordable interest rates and payback plans.

Western Loan and Jewelry provides customers with a safe and trustworthy point of sale to buy and sell any high value item. The team of highly trained experts will assess all valuables in front of the customer to identify fraudulent items to protect buyers from purchasing a counterfeit or stolen item.

With the latest announcement, Western Loan and Jewelry continues to expand its reputation as the region’s trusted pawnbroker.

Interested parties can find more information about the services offered by Western Loan and Jewelry by visiting

SoFi Technologies (NASDAQ:SOFI) vs Northern Lights Acquisition (NASDAQ:NLIT) Direct Survey Mon, 20 Jun 2022 20:07:57 +0000

Sofi Technologies (NASDAQ: SOFIGet a rating) and acquisition of aurora borealis (NASDAQ: NLITGet a rating) are both business services companies, but which company is superior? We’ll compare the two companies based on the strength of their profitability, valuation, earnings, institutional ownership, analyst recommendations, risk, and dividends.

Insider and Institutional Ownership

56.5% of SoFi Technologies shares are held by institutional investors. By comparison, 79.5% of the shares of Northern Lights Acquisition are held by institutional investors. 13.0% of SoFi Technologies shares are held by insiders of the company. Strong institutional ownership indicates that hedge funds, endowments, and large fund managers believe a company will outperform the market over the long term.

Valuation and benefits

This chart compares the gross revenue, earnings per share (EPS), and valuation of SoFi Technologies and Northern Lights Acquisition.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
Sofi Technologies $984.87 million 5:30 p.m. -$483.94 million ($0.82) -6.95
Acquisition of aurora borealis N / A N / A $1.25 million N / A N / A

Northern Lights Acquisition has lower revenues, but higher profits than SoFi Technologies.


This table compares the net margins, return on equity and return on assets of SoFi Technologies and Northern Lights Acquisition.

Net margins Return on equity return on assets
Sofi Technologies -36.32% -9.24% -4.49%
Acquisition of aurora borealis N / A -58.07% 1.72%

Analyst Recommendations

This is a breakdown of the current ratings and target prices for SoFi Technologies and Northern Lights Acquisition, as reported by MarketBeat.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Sofi Technologies 0 5 seven 0 2.58
Acquisition of aurora borealis 0 0 0 0 N / A

SoFi Technologies currently has a consensus target price of $14.04, indicating a potential upside of 146.29%. Given SoFi Technologies’ likely higher upside, equity research analysts clearly believe SoFi Technologies is more favorable than Northern Lights Acquisition.


SoFi Technologies beats Northern Lights Acquisition on 5 out of 9 factors compared between the two stocks.

SoFi Technologies Company Profile (Get a rating)

SoFi Technologies, Inc. provides digital financial services. It operates through three segments: lending, technology platform and financial services. The society’s lending and financial services and products allow its members to borrow, save, spend, invest and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans. The company also provides cash management, investment and technology services. Additionally, it operates Galileo, a technology platform that offers services to financial and non-financial institutions; and Apex, a technology platform that provides investment custody and clearing brokerage services, as well as Technisys, a cloud-based digital multi-product core banking platform. The company was founded in 2011 and is based in San Francisco, California.

Northern Lights Acquisition Company Profile (Get a rating)

Northern lights acquisition logoNorthern Lights Acquisition Corp. has no significant activities. It intends to enter into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more companies in the cannabis industry. The company was incorporated in 2021 and is based in New York, New York.

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AfCFTA success hinges on strong bank lending in Africa Sun, 19 Jun 2022 22:03:14 +0000

the herald

Tapiwanashe Mangwiro Senior Business Reporter

The African Export-Import Bank (Afreximbank) has challenged African banks to play a central role in providing long-term loans to manufacturing companies on the continent.

Afreximbank’s Chief Economist, Dr. Hyppolyte Fofack, said the success of the African Continental Free Trade Agreement (AfCFTA) depends on the continent’s financial institutions providing long-term capital to businesses to produce goods on the continent.

He said so during a virtual media engagement, as part of the Afreximbank Annual Meetings 2022.

Manufacturing companies, he said, should play a key role in the implementation of the AfCTA and that they needed long-term loans of five to ten years to be able to successfully produce goods to be traded. In the region.

“Manufacturing requires patient capital that can be invested for a long period of up to five to ten years or more.

“To be able to provide long-term capital, we need strong financial institutions that have sufficient capacity to finance manufacturing companies in sectors such as steel and automobile plants, as well as railway projects.

“African banks need to provide long-term financing to make the AfCFTA work. Capital should not be a barrier to trade between African countries. And we’re not talking about short-term trade finance. We are talking about funding massive projects with long gestation periods.

Dr. Fofack added that the AfCFTA was a game-changer for the continent, as it created the long-awaited pathway for the free movement of goods between African countries.

He noted that producing goods for the 1.4 billion people in Africa was a huge opportunity for foreign direct investment to flow into the continent and that Africans themselves should take the lead in this regard.

Dr Fofack urged African media to be at the forefront of a positive narrative on the continent, while working with political leaders, Afreximbank and other stakeholders to break down the artificial borders created by colonialists in across the continent.

He said African political leaders, investors and the media must appreciate the harm the importation of goods has done to the continent for many decades.

“As we demand more and more imports, we need more and more foreign loans to import these goods and the more our countries get into debt,” he said.

He lamented what he called the “blood diamond” by which many African countries have been destabilized by foreign interests, which have encouraged crises among Africans, while taking minerals from Africa to their countries.

He also urged African media to change the negative narrative of Africa by telling African stories of positive developments in the region from an African perspective. The AfCTA is a free trade area founded in 2018, with trade commencing on January 1, 2021. It was established by the African Continental Free Trade Agreement by the African Union.

Reinvigorated drug task force targets long-term investigations with big busts Sun, 19 Jun 2022 10:28:02 +0000

The Delaware County Drug Task Force recently completed its third major, long-running investigation since District Attorney Jack Stollsteimer took office in 2020.

Stollsteimer said Friday he had called on Criminal Investigations Division Chief James Nolan IV to reinvigorate the task force as part of his vision for the office, but Nolan this week said he couldn’t do it alone. The task force’s success, he says, is largely due to cooperation between law enforcement agencies and a change in philosophy in the way investigations are conducted.

“With narcotics investigations, we decided to do more long-term than street trafficking,” Nolan said. “Is there traffic at street level? Sure. But many more are inside bars or places where we have to use other methods to get in, whether it’s undercover work or surveillance. We have changed our methods quite a bit.

Without going into the details of these methods, Nolan said the nature of the drug industry and law enforcement is a cyclical pattern of ever-changing methods to thwart each other. The drug industry tries to stay one step ahead of law enforcement, law enforcement changes tactics to make arrests, these tactics are then exposed and the drug industry s adapt accordingly. It’s an ever-evolving mission and the pace is only increasing as technology advances in tandem.

“It’s dizzying to see how quickly things change,” Nolan said. “The idea of ​​cash apps 10 years ago wasn’t a thing. It wasn’t even a thought. The idea that I could just send money to someone on the other side from the room or across the world, this kind of technology has really changed our investigative practices. Every day there is a new application, a new function, a new technology.”

The task force includes approximately half of the county’s police departments and approximately 45 officers at any given time, as well as state and federal partners such as the Federal Bureau of Investigation, Drug Enforcement Agency and Pennsylvania State Police. .

But instead of having the DEA come to a particular area to solve a drug problem, Nolan said it’s much better for an officer from that municipality to identify the problem and bring it to the attention of the task force, who can then coordinate and work out a plan to tackle the problem.

“Having assets all the time, they can develop a suspect or a suspicious operation just on the visual evidence of what the police in this city see,” Nolan said. “So let’s say we have someone in the county drug task force in this city, and their patrol division sees suspicious activity at a location, they’ll escalate it to our asset, who will then send it in the chain to supervision here and a work will evolve like this.It can come from complaints from citizens, it can come from the city administration, in many ways.

Having those resources along with training from the Pennsylvania Narcotics Officers Association has made all the difference in conducting the kinds of detailed investigations that Nolan says have so far resulted in 27 arrests over the course of three major operations.

The first, in August 2021, included the arrest of 10 people and the seizure of nearly $140,000 in cash, Nolan said. Two more have taken place this year, one in February and one last week. The February bust involved seven suspected dealers while officers caught 13 people on June 9. A total of 20 firearms were also removed from the streets along with various vehicles and significant quantities of various narcotics.

Despite all the other changes happening in and around the drug game, the adage that guns and drugs go together doesn’t seem to have changed, Nolan noted. Nor was it possible to make deals to move up the industry ladder or solve other crimes the police might get stuck on.

“When you make these arrests, obviously there are people involved in the criminal element,” Nolan said. “With that comes solving other cases, whether it’s non-fatal shootings, homicides, robberies, any number of things that people involved in the drug world do, but we We don’t have any witnesses or evidence at the time. When you do a teardown like this, there are now 30 people who are likely to get information about other crimes.

Key to the task force’s success is sharing information in a more holistic approach, Nolan said, especially in the eastern part of the county where many smaller municipalities and their corresponding police forces pile on top of each other. others.

He pointed to an investigation led by former Sharon Hill detective Vincent Port, who recently joined the ranks of CID, where a group of criminals were engaged in crimes that crossed multiple borders of surrounding towns. None of these could have seemed linked to individual police departments working alone unless they collectively stood down and pooled information, Nolan said.

“One of the biggest things we take away from these county-wide task forces is that information is shared, intelligence is shared, you can find out something,” he said. “The city of Chester and Upper Darby are on opposite ends of the county and wouldn’t interact without something like this, where people would discuss which person involved in the crime lives where in the county. So if someone moved from, say, Eddystone to Darby Borough, without something like this operation, you wouldn’t know. When they share intelligence, that’s how you know who to focus on.

Nolan said consistency at the back with chases is another area that has changed philosophically. No longer assigning cases as they arise, Stollsteimer instead focused on having the same deputies and assistant district attorneys working in the same areas to foster institutional knowledge of the places and actors involved. .

Of course, not all arrests result in convictions, Nolan said. Sometimes it’s a fantastic defense job or a bad jury, or sometimes acquittals happen for no discernable reason. But even in those cases, suspects are at least locked up for several months in the justice system and commit no further crimes, Nolan said, and dangerous substances and weapons are still often confiscated and destroyed.

The task force then goes back to these cases to see what could be done better and tries to apply the lessons learned to the next investigation. All the police can hope to do is get enough information for prosecutors to secure the conviction, he said.

“The group of people that we have doing things across the county – from patrol officers to county-level investigations – are doing very well and keeping up to date as much as they can with the most up-to-date methods possible to make arrests and carry cases,” Nolan said. “I hope this philosophy and this operation will continue and that we will gain more ground on the crime.”

UK 10-year fixed rate mortgages ‘now have incredible value’ | Mortgage rates Sat, 18 Jun 2022 06:00:00 +0000

Locking in a 10-year fixed-rate mortgage came at a considerable cost, but as interest rates on short-term home loans rose slightly, the price of a decade of certainty fell.

This week, the best two-year fixed-rate mortgages had a rate of 2.54% for those borrowing 60% of the property’s value, while five-year contracts were at 2.64% and the best 10-year rate was at 2.73%.

“Margins between two-, five- and ten-year solutions have shrunk, so it’s become a much more favorable environment for people to consider a long-term deal,” says David Hollingworth of brokers L&C Mortgages. “They don’t have to pay such a high premium for it.”

On a £180,000 20-year mortgage, the monthly price difference between the cheapest two-year contract and the cheapest 10-year contract is £16.78. In the first two years, that means paying a total of £403 more. But in third year, you could be better. Hollingworth says he can see fixed rates “going through 3% sooner rather than later.” They could rise to 4% by the end of the year.

Mark Harris, managing director of mortgage broker SPF Private Clients, says there is currently “incredible value” on 10-year mortgages. However, he adds, “It’s important not to make your decision based on the rate alone, as this could prove to be a costly mistake.”

Fixed-rate mortgages usually have a prepayment charge (ERC) that must be paid if you want to pay off the loan early. On the cheapest 10-year fixed rate, available from Lloyds for repayers and Halifax for homebuyers, the ERC is 6% of the loan until 2027. It then decreases each year so that in the last year of the fixed rate period, it is 1%.

Although you may not intend to pay off the mortgage sooner, it may not necessarily be your choice – Hollingworth points out that if you move, you may no longer qualify for the loan and owe pay it back and get another one.

Not planning to prepay your mortgage? Photography: Robert Harding/Rex Shutterstock

However, in a time of rising costs, it’s worth knowing what your biggest monthly expenses will be for the foreseeable future. Jonathan Harris, managing director of Forensic Property Finance, said borrowers are choosing longer-term solutions to try to weather some of the considerable economic uncertainty, including rising energy bills.

“Nearly all borrowers we deal with want a minimum five-year solution, unless their circumstances dictate otherwise and they may need to relocate during that time,” he says. However, he says the suitability of a 10-year contract depends on the life stage of the borrower.

“A 10-year solution is rarely suitable for a first-time buyer, especially if they’re buying with friends, because there’s a good chance they’ll have to move within the next decade,” he says. “On the other hand, a family with older children who probably won’t need to move to a bigger house, may be happier to lock themselves into a good rate for a decade because there’s a lot less likely that she will need to move during this time.”

Securing for the long term means not paying new fees every two years when a deal expires, and upfront fees tend to be no higher than on short-term mortgages. If 10 years seems too long, there could be a happy medium, says Hollingworth – Yorkshire Building Society and Barclays have seven-year fixed rate mortgages, at 3.29% and 2.89% respectively.

“The main markets are two and five years, then people move up to 10 years, but if you want to tailor it to the time frame of your personal situation, there are other options,” he says.

Don’t forget about overpayments either, says Amanda Aumonier, head of mortgage operations at online brokerage Trussle. You may not plan to pay off your mortgage early, but if you know you will get a raise at some point, or you may receive an inheritance, you may want to be able to repay part of your loan.

“Fixed rate mortgages generally have an annual overpayment limit of 10% of your total mortgage balance. Whereas if you’re on your lender’s standard variable rate or a follow-on mortgage, there’s usually no limit,” says Aumonier. A two- or five-year fixed rate mortgage will have the same limit, but when it comes time to remortgage, you can make a lump sum payment and borrow less on the next loan.

Low 10-year fixed rates

Lloyd’s 2.73% up to 60% loan to value ratio (LTV) – mortgage only. £995 product fee

Halifax 2.73% up to 60% LTV (purchase only). Product fee of £995. 2.85% up to 60% LTV free of charge

blank silver 3.25% up to 75% LTV. £995 product fee

Barclays 2.82% up to 60% LTV. 3% up to 80% LTV. £999 product fee

]]> Despite strong demand, weekly natural gas prices dragged down by LNG crash Fri, 17 Jun 2022 21:59:40 +0000

Weekly spot prices lost ground despite modest production and strong cooling demand across much of the lower 48s fueling several daily gains.

Weekly National Average of NGI Spot Gas. for the June 13-17 period fell 94.5 cents to $7.565, dragged lower by an outsized loss on Tuesday related to broader natural gas market sentiment suddenly deteriorating.

Spot prices on the day fell $1,370 following news that the liquefied natural gas (LNG) export project on the island of Quintana, TX, Freeport LNG, will not see a return. to full service before the end of this year. The facility suffered a fire on June 8 and its extended recovery likely means gas once destined for export will be injected into U.S. storage, easing supply issues that had supported prices much of the spring.

On the same Tuesday, the July Nymex contract plunged $1.420 – its third biggest drop on record. The fast month ended Friday at $6.944/MMBtu, down 52.0 cents day/day and 21.5% below the previous week’s close.

Notable weekly cash declines included El Paso Permian, down $1,030 to $7,095, Chicago Citygate, down $1,100 to $7,470, and Enable East, down $1,035 to $7,335.

Despite the weekly decline, spot prices have advanced in three of five sessions over the past week, and analysts expect demand to remain flat through June amid forecasts of widespread heat.

“Mother Nature could drive prices up,” Tom Saal, senior vice president of energy at StoneX Financial Inc., told NGI. “It’s going to be very hot and modest production remains an issue.”

Production has hovered around a lackluster 94-95 Bcf over the past week.

“In our view, until U.S. production reaches more than 97 billion cubic feet per day, the balance between supply and demand will remain tight,” despite the cushion provided by the facility’s surprise closure. of Freeport LNG, said NatGasWeather.

[Want today’s Henry Hub, Houston Ship Channel and Chicago Citygate prices? Check out NGI’s daily natural gas price snapshot now.]

Volatile Futures Contracts

Between Tuesday’s freefall and Friday’s closing drop, futures rallied on Wednesday amid strong cooling demand and modest production.

The first month advanced again on Thursday after the U.S. Energy Information Administration (EIA) reported an injection of 92 billion cubic feet of natural gas into storage for the week ended June 10.

The injection compared to a five-year average increase of 79 billion cubic feet and boosted inventories to 2.095 billion cubic feet.

Still, inventories remained well below the five-year average of 2.418 billion cubic feet, leaving market participants wondering if the gas released from Freeport – around 2.0 billion cubic feet / d – will be enough to strengthen storage at levels high enough to ensure adequate supply for the next. Winter.

The concern was amplified by forecasts of record-breaking heat in June and above-average high temperatures throughout the summer in the Lower 48.

“Overall, the background condition remains bullish,” NatGasWeather said.

Eli Rubin, principal analyst at EBW Analytics Group, agrees.

“Even despite the shutdown of Freeport LNG’s feed gas demand of 2.0 bcf/d, the combination of soaring power sector gas consumption” – potentially increasing by 4, 2 billion cubic feet/d from the EIA period of June 10 to the first week of July – “and stagnant production growth should maintain a tight supply/demand balance. If and when the current extreme heat subsides, the Loss of LNG demand could allow the storage deficit to slip by more than 100 billion cubic feet from early July to early September.In the meantime, however, impressive warmth could help maintain support.

Moreover, as noted Lindsay Schneider, an analyst at RBN Energy LLC, Europe continues to absorb “huge volumes of LNG to compensate for dwindling Russian supplies” due to the war in Ukraine as the continent strives to “strengthen storage before winter”.

Whether U.S. exporters can meet it, demand for LNG is booming and supporting global prices, she said. This, in turn, provides a bullish undercurrent for Nymex futures. “All of this comes as another major exporting nation, Australia, faces its own critical winter energy crisis and South American demand heads towards its seasonal peak, straining an already tight market.” , said Schneider.

Friday Spot Price

After two straight advances on strong cooling demand, spot gas prices fell alongside futures on Friday.

NGI’s Spot Gas National Avg. sank 85.5 cents to $6,770 ahead of the June 16 long weekend.

Demand remained strong ahead of a weekend that was expected to be dangerously hot as far north as the Dakotas.

On Friday, the National Weather Service (NWS) reported widespread highs in the 80s to 90s across the central United States and hundreds in the Southwest. Major eastern markets also baked amid temperatures ranging from the mid-80s to low-90s.

Still, spot prices fell to the lower 48s as markets tried to assess the various moving parts impacting supply/demand balances. Eastern prices led the decline.

Algonquin Citygate fell $1,260 a day to an average of $6,585, while Transco-Leidy Line lost $1,050 to $6,275 and Columbia Gas fell 69.5 cents to $6,560.

Elsewhere, Henry Hub fell 55.5 cents to $7.335 and SoCal Citygate fell 73.0 cents to $6.865.

Unlike Friday’s declines, national cooling demand is expected to prove even more robust in the coming days as high pressure strengthens over the East and South, according to NWS projections.

AccuWeather said 90s highs will cook much of the country in the coming trading week.

Its meteorologists see “widespread highs in the mid to upper 90s with additional areas likely to record temperatures in the 100s,” the company said. “These forecasts represent temperatures around 15 to 25 degrees above average” in many parts of the central and eastern regions of the Lower 48.

“To make matters worse, the high humidity and sunshine will be about as intense as it gets with the summer solstice on Tuesday,” AccuWeather added. “The few days either side of the official start of summer are a time when the rays of the midday sun are as high in the sky as they have ever been at any time in the year. ‘year.”

How to Reduce Credit Card Debt After the Fed’s Rate Hike Fri, 17 Jun 2022 14:00:00 +0000
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It’s the worst debt to carry in good times. It can be oppressive when the economy is struggling with high inflation, a plummeting stock market and rising interest rates.

Do you have credit card debt? Now is the time to come up with a plan to pay off that debt as soon as possible, because it will cost even more.

To bring inflation down, the Federal Reserve raised its key rate by three-quarters of a percentage point, its biggest hike in nearly 30 years. One of the implications of this decision is that interest on credit card debt will increase.

What will the Federal Reserve rate hike mean for consumers?

The average credit card interest rate is now over 20%, according to Matt Schulz, chief credit analyst at Lending Tree. “The worst news for cardholders when the Fed raises rates is that they don’t just raise rates on the things you buy in the future,” Schulz said. “The rate you pay on your current balances also increases, usually within a billing cycle or two.”

Maybe you’ve kept your credit card debt like a pet, pecking it out bit by bit with minimum payments or occasionally throwing extra cash at the balance. Or maybe your financial situation has forced you to rely on credit to make ends meet. Whatever your situation, here are seven ways to reduce your credit card debt in light of this latest Fed rate hike and more increases that are likely to come.

Seven Ways to Financially Prepare for the Economic Recession

1. Stop charging your credit cards. Have you ever heard of the expression “If you’re in a hole, stop digging?” » You should stop using your credit cards if you don’t pay off balances each month. Also consider that whatever you’ve been billing for, whether it’s a TV, dinner, vacation, or clothes, will end up costing you more money in the long run if you keep paying down the debt. .

The share of credit card revolvers, or those who carry a monthly balance, rose 0.6 percentage points to 40.1% nationally in the fourth quarter of 2021, the American Bankers Association reported on last month. The Fed has said it expects more rate hikes if it can’t get inflation under control.

“What really matters is that all of these rate hikes come on top of potential multi-percentage-point increases in credit card rates in a single year,” Schulz said. “So many people’s financial margin of error is tiny anyway. The last thing they need with their grocery bills and rising gas prices is for their credit card interest rates to rise.

What the Federal Reserve’s interest rate hike means for mortgages

2. Start paying the smallest balance. The question I often get when it comes to credit card debt is, should I pay off my credit cards with the highest interest rate first or the one with the lowest balance first?

On paper, the logical method would be to go into debt at the highest interest rate. But what works on paper doesn’t always work in practice. The debt reduction method that I recommend is what I call the “debt dash method”. With this, like a 100-yard dash, the goal is to make a super-fast run to debt.

In my experience I have helped hundreds of people pay off their credit card debt, their motivation to get rid of debt increases when they get a quick win. The result is that they become more aggressive in tackling what remains of the debt, ultimately paying less interest charges than if they had started with the card with the highest interest rate. Part of the battle for debt reduction is sticking to a plan.

With the debt dash, you list all your debts starting with the one with the lowest balance. Then, use any extra cash you can find to apply it to that first card on your list while making minimum payments on all other debts. Once you’ve eliminated that card, move on to the next one on your list, and so on. If two cards have a similar balance, the one with the higher interest rate gets priority processing.

Have you been plagued by series of debt troubles?

3. Transfer balances to a zero percent card. If you have good credit, you may qualify for an offer that lets you transfer your balances to a card with zero percent interest for a limited time. Zero percent balance transfer offers are still plentiful, Schulz said. “We’re even seeing a few select cards offering a full 24 months interest-free,” he said.

But as the Fed continues to raise rates and delinquency rates rise, those offers are likely to disappear, Schulz said. Instead of being able to find offers for 15 to 20 months interest-free, consumers may end up finding zero percent interest for 9 to 12 months, he said.

According to Ted Rossman, senior industry analyst at and “The average FICO score is 716, so most people should be able to qualify,” he said.

Balance transfer credit cards can be a good deal for some people

4. Talk to your credit card issuer. Talking ain’t cheap when it comes to credit card debt. Many borrowers struggling with the weight of their Debts never ask for help, according to Bruce McClary, senior vice president of membership and communications at the National Foundation for Credit Counseling.

Before calling your creditor, check your credit report and credit score, McClary said. It helps to know the strength of your negotiating position. “You want to make sure you know exactly what you’re going to say to the creditor, to start the conversation about finding more affordable options,” he said. “Use a high credit score to your advantage.”

Here’s everything I did to get a perfect 850 credit score

Maybe when you first got your card your credit history wasn’t great, so you were offered a card with a high rate. But with on-time payments, you could now qualify for more affordable terms or even an interest-free credit card rate, McClary said.

“It’s a huge win because then you can start planning the power to pay off the balance while you have that interest-free repayment period,” he said. “But these offers go to people with the best credit ratings.”

5. Use debt consolidation or a personal loan. It makes sense to try to consolidate debt and make one payment, especially if you can lower the interest rate. But don’t just focus on the monthly payment, warns McClary. “What you don’t want to do is tinker with the terms so that you have this artificially low payout,” he said.

You might get a lower monthly payment, but you could drag out the loan for years and end up paying more interest over time than your issuer was charging.

6. Contact a non-profit consumer credit counselor. If you don’t feel comfortable negotiating with your card issuer, get help from a nonprofit credit counseling agency by visiting National Credit Counseling Foundation or by calling 800-388-2227.

By working with a credit counselor, you can put a debt management plan in place. You make a lump sum payment each month to the nonprofit, which then forwards the payments to your creditors. By participating in this type of debt management program, you may benefit from reduced or waived finance charges or fees.

7. Treat bankruptcy as a last resort. I’ve helped a few seniors overwhelmed with credit card debt for bankruptcy protection. For them, credit had become the bridge to extending their Social Security retirement benefit checks. This is how they were able to make ends meet. Bankruptcy gave them a fresh start.

Ask for recommendations for a bankruptcy lawyer or use the Find a lawyer National Association of Consumer Bankruptcy Attorneys database.

]]> Wilshire Quinn funds $16,025,000 loan on portfolio of hotels in Los Angeles, California Thu, 16 Jun 2022 14:05:00 +0000

The second property is located on Wilshire Boulevard in Korea Town/Wilshire Center and consists of 56,000 square feet and 71 rooms. The independent hotel has a full restaurant and conference center, in addition to underground parking.

The loan was funded within eight business days of the capital request.

“As liquidity continues to tighten in capital markets and the commercial lending process becomes even more restrictive, Wilshire Quinn remains committed to providing fast lending solutions to our customers,” CEO and Chief Investment Officer Christopher Garcia said.

Wilshire Quinna San Diego-based national portfolio bridge lender and loan fund manager, is well known for its fast loan closings and competitive short-term lending rates.


Since 2011, Wilshire Quinn ( has provided senior debt financing ranging from $200,000 to $20,000,000 on a variety of property types including but not limited to: properties non-owner occupied residential properties, multi-family properties, condos, hotels, assisted living facilities, licensed land, parking lots, office buildings, industrial buildings and shopping malls. Wilshire Quinn works directly with homeowners and mortgage professionals nationwide.

Loans are made or arranged by Wilshire Quinn Income Fund, LLC pursuant to California Finance Lenders Law License #603J060. Wilshire Quinn Capital, Inc. is manager of Wilshire Quinn Income Fund, LLC. The above information is believed to be reliable but is not guaranteed. Nothing contained in the above information constitutes an offer or solicitation to buy or sell any security. Any such offer to purchase securities will only be made through Wilshire Quinn Income Fund, LLC’s private placement memorandum.

Media contact: Emily Mesetz, 619-872-6000, [email protected]

SOURCEWilshire Quinn Capital