By Michael Hanna
Mortgage lenders regard mortgage arrears very seriously. If you have current mortgage arrears, you will need to take some action to recover the situation. If you do nothing, the debts will get worse and ultimately the mortgage lender will seek repossession of your property. This will allow them to sell the property and use the money from the sale to pay off the debt.
Depending on your circumstances there are things you can do: Negotiate with your current lender.
You will need to be able to keep up your current instalments and pay off the arrears. If your difficulties are short term you could ask if they would consider reducing your payments for a limited time.
Before you negotiate you need to work out how much you can realistically afford to pay off the arrears. Work out how much money you have coming in and how much going out.
Re-mortgage with a different lender
This is usually the most effective solution as if you have a number of outstanding credit agreements you could consolidate these into a single monthly mortgage payment. The advantage of doing this is that you can spread the cost over a longer period, this is likely to make a significant reduction in your outgoings. The down side is that these loans will now be 'secured' against your property. This means if you are unable to make the payments there is a possibility your home could be re-possessed.
Mortgage application with arrears
If you currently have arrears on a mortgage or secured loan then you are likely to pay a higher interest rate on any new mortgage. Arrears on a credit agreement will show up on your credit history for up to 6 years. The more recent the arrears the more effect they will have on a mortgage application.
To get help on Problem With Mortgage Arrears or a No Proof of Income Mortgage visit the Heron Mortgages website and ask them for a quote.
Depending on your current circumstance it may be possible to arrange a re-mortgage in order to clear your arrears.
Generally lenders will be fairly understanding about your arrears but it is best to do something about the problem as soon as possible. The longer you leave it the worse the situation will become.
Most mortgages are repaid over 25 years. However if you are having problems meeting you re-payments it may be possible to extend the term to say 30 or even 35 years. This will reduce your monthly payments. If your difficulties are short term you could always reduce the term again when you are in a position to do so.
Author Michael HannaMichael's Website: Poker Sign Up Bonus Codes
Article Source: http://EzineArticles.com/?expert=Michael_Hanna
Leasing Land - Understanding The Process
ป้ายกำกับ: Land
By John Peyton
Have you been contacted recently to lease your land for oil and gas drilling? With the price of oil and gas continuing to rise, leasing is happening in places throughout the country and the world. Companies are paying upwards of $500 per acre to lease land for drilling purposes, but if you have been contacted there are a few things you need to understand.
When you are negotiating the lease, there are two main concerns you should have from the beginning. The first concern is how much money you are going to be paid an acre (bonus) and the second concern is how much interest you will have in the oil and gas well (royalty). These two items will be stipulated from the beginning and it is important that you understand exactly what each of these will be. Also, don't sign as soon as you are contacted. Talk to your neighbors or to an attorney to make sure you are getting the best deal possible.
If you aren't prepared and don't know what you are doing, here is a couple of things that could happen.
A landowner leases their land and one well is kept on the section tying up the landowners land virtually forever. Don't let this happen to you.
A landowner has a well placed on his land without any knowledge this was going to happen. The site is operational 24 hours a day interrupting many facets of his life. Don't let this happen to you.
A landowner sells the royalty interest in a well for only $100. The landowner should be getting a check for over $1000 per month but was swindled out of this royalty. Could this happen to you?
A landowner is only allowed to lease her land once when she could have done it several times because wells were drilled at different depths. Couldn't you use an extra $500 per acre of land you own?
The scenarios above aren't meant to scare you, but you need to understand the process. For more information about how to negotiate an oil and gas lease, please visit:
www.LeasingLandToday.com
Sincerely,
John Peyton
Article Source: http://EzineArticles.com/?expert=John_Peyton
Have you been contacted recently to lease your land for oil and gas drilling? With the price of oil and gas continuing to rise, leasing is happening in places throughout the country and the world. Companies are paying upwards of $500 per acre to lease land for drilling purposes, but if you have been contacted there are a few things you need to understand.
When you are negotiating the lease, there are two main concerns you should have from the beginning. The first concern is how much money you are going to be paid an acre (bonus) and the second concern is how much interest you will have in the oil and gas well (royalty). These two items will be stipulated from the beginning and it is important that you understand exactly what each of these will be. Also, don't sign as soon as you are contacted. Talk to your neighbors or to an attorney to make sure you are getting the best deal possible.
If you aren't prepared and don't know what you are doing, here is a couple of things that could happen.
A landowner leases their land and one well is kept on the section tying up the landowners land virtually forever. Don't let this happen to you.
A landowner has a well placed on his land without any knowledge this was going to happen. The site is operational 24 hours a day interrupting many facets of his life. Don't let this happen to you.
A landowner sells the royalty interest in a well for only $100. The landowner should be getting a check for over $1000 per month but was swindled out of this royalty. Could this happen to you?
A landowner is only allowed to lease her land once when she could have done it several times because wells were drilled at different depths. Couldn't you use an extra $500 per acre of land you own?
The scenarios above aren't meant to scare you, but you need to understand the process. For more information about how to negotiate an oil and gas lease, please visit:
www.LeasingLandToday.com
Sincerely,
John Peyton
Article Source: http://EzineArticles.com/?expert=John_Peyton
Power Inverters - Empowers Applications During An Outage
ป้ายกำกับ: Electrical
By Anna Woodward
For emergency power, such as during an outage, power inverters can be used with an extension cord to plug in electric appliances. Power inverters are an electronic device that converts direct current (DC) of 12 volts to alternating current (AC) of 120 volts for operation of household appliances.
These are commonly used for energy for domestic appliances like electric lights, kitchen appliances, electric tools, microwaves, radios, and computers.
With DC AC power inverters, energy stored in a battery is transformed to AC electricity for usage in wide variety of applications. While switching from direct current to high voltage alternating current, many of these convert with a 90% efficiency.
These are available in different models varying in watts and sizes. The different capacity options should your main consideration when choosing one.
As these mechanisms normally assume that the source battery is in good condition and fully charged, it is necessary that the engine inside the source vehicle be started at least once an hour for 10-15 minutes to avoid discharge.
There are three basic types:
1. Square wave have become obsolete and are not recommended due to their inefficiency, noise and harshness.
2. Modified sine wave are most popular and are commonly sufficient to run most devices.
3. True-sine wave produce from the public utility grid system and are best for sensitive electronics. The output pattern is equivalent to 60Hz grid power.
Determining the best to suit and meet your requirements appropriately requires a careful consideration on these points:
* Would you use it daily or on an occasional basis?
* How many electrical outlets do you wish to plug in? Choose the size that best fits your needs.
* Does the entire load exceed 150 watts? If yes, a direct connection (DC) to the cell needs to be established.
* Are you planning to use heavy-draw equipment? If yes, a large-capacity unit and direct connection is required.
- Right Size for Your Needs
Deciding the best or suitable size of power inverters requires addition of the wattage requirement of all the appliances that will function at the same time. It is always recommended to consider the higher figure as this ensures that the inverter will provide for all appliances safely.
Depending on the amp-hour capacity available, the length of time an inverter functions can be estimated.
- Type of Batteries Recommended
Actual time for recharging depends on the age and condition of the battery and the demand being placed on the equipment being operated by the inverter.
For 500 watts and larger inverters we recommend use of deep cycle (marine or RV) batteries that provide several hundred complete charge/discharge cycles. Start the engine every 30 to 60 minutes and let it run for 10 minutes to recharge.
When DC to AC power inverters are operating appliances with high continuous load ratings for extended periods, it's advisable to connect to a stand alone battery - not the one in your car.
If car or truck battery is excessively used, it's possible that it will drain to a point when it has insufficient reserve, so use an extra deep cycle one. Deep cycle batteries are capable of withstanding repeated drains and have the highest reserve ratings.
For a wide variety of power inverters and battery options, visit http://www.all-battery.com/. All-Battery.com offers dependable, quality inverters, batteries, and chargers made with industry leading technologies.
Article Source: http://EzineArticles.com/?expert=Anna_Woodward
For emergency power, such as during an outage, power inverters can be used with an extension cord to plug in electric appliances. Power inverters are an electronic device that converts direct current (DC) of 12 volts to alternating current (AC) of 120 volts for operation of household appliances.
These are commonly used for energy for domestic appliances like electric lights, kitchen appliances, electric tools, microwaves, radios, and computers.
With DC AC power inverters, energy stored in a battery is transformed to AC electricity for usage in wide variety of applications. While switching from direct current to high voltage alternating current, many of these convert with a 90% efficiency.
These are available in different models varying in watts and sizes. The different capacity options should your main consideration when choosing one.
As these mechanisms normally assume that the source battery is in good condition and fully charged, it is necessary that the engine inside the source vehicle be started at least once an hour for 10-15 minutes to avoid discharge.
There are three basic types:
1. Square wave have become obsolete and are not recommended due to their inefficiency, noise and harshness.
2. Modified sine wave are most popular and are commonly sufficient to run most devices.
3. True-sine wave produce from the public utility grid system and are best for sensitive electronics. The output pattern is equivalent to 60Hz grid power.
Determining the best to suit and meet your requirements appropriately requires a careful consideration on these points:
* Would you use it daily or on an occasional basis?
* How many electrical outlets do you wish to plug in? Choose the size that best fits your needs.
* Does the entire load exceed 150 watts? If yes, a direct connection (DC) to the cell needs to be established.
* Are you planning to use heavy-draw equipment? If yes, a large-capacity unit and direct connection is required.
- Right Size for Your Needs
Deciding the best or suitable size of power inverters requires addition of the wattage requirement of all the appliances that will function at the same time. It is always recommended to consider the higher figure as this ensures that the inverter will provide for all appliances safely.
Depending on the amp-hour capacity available, the length of time an inverter functions can be estimated.
- Type of Batteries Recommended
Actual time for recharging depends on the age and condition of the battery and the demand being placed on the equipment being operated by the inverter.
For 500 watts and larger inverters we recommend use of deep cycle (marine or RV) batteries that provide several hundred complete charge/discharge cycles. Start the engine every 30 to 60 minutes and let it run for 10 minutes to recharge.
When DC to AC power inverters are operating appliances with high continuous load ratings for extended periods, it's advisable to connect to a stand alone battery - not the one in your car.
If car or truck battery is excessively used, it's possible that it will drain to a point when it has insufficient reserve, so use an extra deep cycle one. Deep cycle batteries are capable of withstanding repeated drains and have the highest reserve ratings.
For a wide variety of power inverters and battery options, visit http://www.all-battery.com/. All-Battery.com offers dependable, quality inverters, batteries, and chargers made with industry leading technologies.
Article Source: http://EzineArticles.com/?expert=Anna_Woodward
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