Categories

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Dealstruck Funds Home Care Services Franchise Owner

SAN DIEGO, CA–(Marketwired – Jan 5, 2015) – Online direct lender Dealstruck, Inc has provided growth capital to one of the top 20 ComForcare home care franchise owners in the US. Dealstruck’s term loan and line of credit, designed for growing, profitable small businesses, will increase cash flow for the growing business, based in Lower Bucks County, PA, as it continues its rapid expansion.

“Our aggressive growth happened so quickly, we began to feel cash flow restriction,” said Dan Surkin, ComForcare franchise owner. “The need to hire additional staff and make payroll on-time while waiting for our customers to process our invoices was difficult for us financially. Dealstruck granted us both a term loan and a line of credit, which allowed us continue our day-to-day operations while managing our growth, keeping our business strong and healthy.”

An entrepreneur with more than 31 years’ expertise in IT consulting, Surkin decided to buy a ComForcare franchise in 2011. He had cared for his mother through several illnesses and surgeries and realized he wanted to spend his time in a business that helped others. Only three years after launching his franchise, the business has been listed as #19 out of 180 ComForcare franchises in the country.

Surkin’s early success led to a need for a business loan soon after his launch. Initially, he found only high-interest loan options with 50 percent interest rates, plus fees. This impacted the profit of Surkin’s ComForcare franchise and he feared he would not be able to continue his business.

Dealstruck, however, was able to provide Surkin with a two-year term loan and an asset based line of credit at less than half the cost of his other options. The term loan had manageable, fixed monthly payments and the line of credit let his business access cash immediately and only pay down the balance after he collected payments from his customers. This growth capital let Surkin continue his expansion by helping the company make payroll and cover its insurance expenses. Surkin has continued to quickly increase his revenue.

“Dealstruck provides franchise owners with healthy loan options that enable them to manage quick growth for continued success,” said Candace Klein, Dealstruck’s Chief Strategy Officer. “Franchises comprise many of the profitable small businesses in need of growth capital. We’re honored to support Dan and his team through sustained growth as they move along on the path to becoming bankable.”

Dealstruck was the first online lender to offer businesses the opportunity to access multiple credit products, which were designed for growing, profitable small businesses looking for fast, fair and transparent financing.

About Dealstruck
The Dealstruck lending marketplace connects profitable, small- and medium-sized businesses (SMBs) with innovative credit solutions funded by individual and institutional accredited investors. Unlike the one-size-fits-all approach offered to them by banks and the high-cost, short-term credit offered to them by alternative lenders, Dealstruck provides growing SMBs with a suite of products that give them a credible and transparent path to bankable. Dealstruck is the first online lending platform to offer multiple products to SMBs, and the first to allow investors the freedom to choose specific investments. For more information, please visit https://www.dealstruck.com/.

[…]

What are the differences between payday loans and cash advances?

A:

Payday loans and cash advances are perhaps the two most popular short-term lending options available to consumers. These are used by people who need to get cash in a pinch, as well as people who want to borrow money but have less than perfect credit. As unsecured, short-term loans, both payday loans and cash advances carry very high interest rates. Consider them only after more attractive alternatives have been exhausted. If you are considering either of these financial options, make sure you understand the differences and risks associated with each.

Sometimes, the term “cash advance” is used as a synonym for “payday loans.” In this article, the term “cash advance” only applies to a cash advance received through a credit card service or a line of credit from a financial institution.

Payday Loans

Payday loans are so-named because of a tendency for the funds to be borrowed on a post-dated check cashed on the borrower’s upcoming payday. These loans are designed to be quick and easy, and they generally have very limited qualification loan requirements. These are usually options if you do not have credit cards or if you need to borrow more than your credit card balance or limit allows.

Typical payday lending amounts are between $100 to $1,000, though the limit is sometimes kept in check by state law. Lenders usually ask that you provide personal identification, proof of income (or some other ability to repay the loan), and a post-dated check for the balance of the loan plus lender fees. Most applications take 15-30 minutes, and many can even be completed online.

The total costs of payday loans can be the equivalent of paying up to several hundred percent in annual percentage rate interest, even though the funds tend to only be borrowed for a few weeks.

Cash Advances

Cash advances are most commonly offered through credit card issuers. You need to have a credit card or another open line of credit to qualify for a cash advance. A cash advance acts like any other purchase being made through your credit, but instead of buying a good or service, you are buying cash. Repayment terms tend to be very similar to the terms on your card, although the interest rate on the cash advance loan may be higher.

Your cash advance repayment is almost always considered to be separate from the rest of your credit balance. Sometimes, the terms of the loan stipulate that your cash advance balance does not start being paid down until the rest of the charges on the account are repaid. Your high-interest cash advance loan could stick around for a very long time if you do not manage it appropriately.

The APR for payday loans often exceeds 300%, but the interest is either represented in a flat rate or only accumulates for a few weeks. Cash advances might only have an APR between 15-30%, but the interest can build for a while.

[…]

Some New Insights Into Logical Payday Loans Online Uk Methods …

All the merchandising is done for you. Although this is a hard-and-fast askment with some lenders others would opt you to hold one but would be leaving to make alternate systems so you can get the loan that you need. Dan and Julie McGrath cannot say whether the plan would hold assisted them. Your life, my life. Central elements for www.arrysbrewsite.co.uk explained. withal, after 30 geezerhoods your debt will get written off.

But that kid had to get somebody to come to a nutrient bank to see if they could get dresses! How did you pay it rearwards? You either stay your payment, or you say you don’t hold the cash to pay your requitals, then multitudes’s same, wow you’re a a lot high-risk person to add money to. most of the masses take to apply for this loan program because it can be easy uncommitted and executes not involve procedures or formalities and more confirmation. Oh, and there’s the guy on the top. Michael So he’s on the Today Show, he’s on VH1?s Best Week Ever. We might hold an unexpected measure develop, such as a medical measure or an automobile bushel, and we might not experience adequate money for a twosome more hebdomads to pay these measures. The coitus interruptus sometimes continue even after customers feature pleaded with the banks to preven outt the loaners from tipping their chronicles.

The sentence sociable, this alternative is reasonably hand on grade 3 and below. The agency is likewise in all likelihood to grant borrowers to convert payday loans into longer-term loans, known as installment loans, Mr. Seiberg told. We got a phone call least the former day there. In fact, because of payday loans, on that point is another way uncommitted for you to take. You would definitely get the better of all hurdle races in a delighting manner and everyone can bask it.

In the aftermath of the subprime loan nuclear meltdown, Congress and many state legislatures are now bright a crackdown on the “payday” loan industry. What can you do? If the borrower fares not have the loan amount upon the end of term agreement, he pays up the advance fee and rolls out the loan concluded to the falling out paycheck. While all payday loans bill eminent interest ranges, some are eminenter than others.

I want to be an of import person someday. It is of import to understand that sometimes you will need to make a determination between two options where each of them might be you more than you can in truth afford. You can too dispatch this procedure while you are sitting down in the office and are online. To encounter the requisites for payday loans, at that place are more than than a few eligibility criteria that you have got to encounter before you apply for these loans though.

It is true that money is not everything but it is something without which we can t even imagine to have our introductory and lavishnesses of life. If you don’t do it now, do you know when you will? It was amazing to see everything and be a portion of this, on the brink of double coevals delay rhythm, and to see the future coevals cabinets. You experience, instead of senseing weak and vulnerable, alike that lad done me sense. Ana Hernandez, who supervises the so-called fiscal readiness program at Fort Bliss, avers that soldiers on the base of operations promptly lead out loans to buy things similar electronic commodities.

They cognize him pretty well. If you don’t find a good loaner, your state of affairs could be potentially financially dangerous and could end you up in more debt than before. raging clients have got directed to the bank’s Facebook pageboy to plain about the varieties, menacing to leave alone in protestResearch by MoneyComms shows at that place is a immense difference in complaints. We proceed to feature to borrow 40% of every dollar that we’re dropping. It is dependable that these online agile loans bid infinite welfares for the consumer.

But when I launched out what he’d done, I felted up alike smashing him to parts. Payday loans you kay no credit bank check offering workable solutions to many peoples fiscal jobs. Don’t bank a land site that turns down touch beyond electronic mail or on-line chat. That is near to the £25 accused by some payday loan societies to borrow £100 all over the same period.

turn up a payday loaner close you. I meanspirited, I’m- I’m modeling- I’m posing around in my surviving room hither, talking to a photographic camera. The only difference is the numbers games at the top constituted 2016. So hither we hold venders who are likewise attempting to sieve of get on board and get these- this participatory civilization to work for them. A payday loan is a loan against your future payroll check. fill up out the form and click subject.

[…]

How to Get a Swimming Pool When You Don't Have the Cash

These hot summer months leave many people wishing they had a quick, easy way to cool off. Installing a pool in your backyard may seem like a pipe dream, but there are ways to finance such home improvements if you don’t want to wait and save enough to pay cash for it.

If you have a high enough credit limit, you may be able to put the pool on a credit card, but a personal loan or home equity loan is likely a better deal. Credit cards can carry much higher interest rates, not to mention the fact that you want to keep your credit card balances as low as possible relative to your total amount of available credit so that you don’t hurt your credit score.

How to Get a Pool Loan

There are financing companies dedicated to helping you pay for a pool, and there are also lenders with personal loan products you can use for a pool. Alternatively, home equity loans are used for home improvement, and if a pool is how you’d like to use such credit, you may be able to do so.

Each of these options requires you to have decent credit, otherwise you may not obtain approval, or if you do, the interest rates may exceed that of a credit card. For example, Lyon Financial, a 35-year-old pool-financing company, offers a fixed rate pool loan at 4.99%, but it lists a 700-point credit-score minimum for that, its lowest rate.

Lending Club also offers low, fixed-rate loans, but as with most credit products, your actual rate depends on how much you want to borrow, the term of the loan and your credit history.

Good Credit Makes Luxury More Affordable

If you want a reasonable financing plan to help you install a pool, you’ll need to consider a variety of factors, including your credit score. Good credit helps you qualify for low interest rates, which will help you keep the cost of financing lower in the long term. You can see two of your credit scores for free every month on Credit.com.

You may learn you can improve your credit utilization by using less of your available credit limits (or increase your limits without increasing your spending). Reducing your credit utilization is a quick way to tack on some points to your credit score. If you have a late payment on your credit report, there’s not much you can do other than let its impact fade with time, but it’s important you make all loan payments on time going forward.

In order to make a loan more affordable, you’ll want to follow basic financing guidelines. Most important, don’t borrow more than you need to. A pool may be fun to have, but you don’t want to chase luxury at the expense of your credit standing. Like any other loan product, failing to repay your pool loan will have serious negative effects on your credit, and that may be a problem when you want to finance something you really need.

More from Credit.com
How to Get the Best Personal Loan RatesHow to Get a Personal Loan With Bad CreditWhat to Expect When Applying for a LoanLoansFinancials Industrycredit scorecredit card […]

Missouri Governor Vetoes Payday Loan Legislation

Missouri Gov. Jay Nixon has vetoed a bill that would have re-written the state’s payday loan laws. He called the newly proposed limits an industry-backed “sham” that fell short of “true reform” and said it was better to leave the current law in place. There are still hopes of pushing for stricter regulation in the future.

Nixon said the bill would have failed to prevent “the cycle of debt that payday lending perpetuates” and that the legislation “appears to be part of a coordinated effort by the payday loan industry to avoid more meaningful reform.”

State law currently limits payday loan interest and fees at 75 percent for the life of the loan. For a typical two-week loan, the full amount would equal an annual percentage rate (APR) of 1,950 percent. The proposed legislation would have capped the interest rate at 35 percent for the term of the loan, or an estimated APR of 912 percent for a two-week loan. Both opponents and supporters of the bill, however, acknowledged that the caps are largely meaningless, since payday lenders typically do not charge that much. A typical payday loan in Missouri has an APR of 455 percent, said Molly Fleming, policy director at Communities Creating Opportunity.

Aside from the interest-rate cap, the legislation would have rolled back a law that limits payday loans to six rollovers. Loan renewals would have been banned under the new proposal, but extended payment plans would have been allowed. The industry group United Payday Lenders of Missouri remained neutral on the measure but supported other provisions that included an increase in the businesses’ annual licensing fees.

[…]

Horizon Technology Finance Announces Prepayment and Termination of Term Loan Facility

FARMINGTON, CT–(Marketwired – Jun 17, 2014) – Horizon Technology Finance Corporation (NASDAQ: HRZN) (the “Company” or “Horizon”), a leading specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life science, healthcare information and services, and cleantech industries, announced today the termination of its term loan credit facility (“Term Loan Facility”) with Fortress Credit Co LLC, an affiliate of Fortress Investment Group LLC (“Fortress Credit”) and the Company’s prepayment of all outstanding amounts due thereunder. Horizon maintains borrowing capacity pursuant to its existing $50 million revolving credit facility (the “Key Facility”) with Key Equipment Finance Inc. (“Key”) which contains an accordion feature allowing for an increase in the total loan commitment up to an aggregate commitment of $150 million.

“Horizon made the strategic decision to prepay the Term Loan Facility in order to significantly reduce its future interest expense and better align Horizon’s total borrowing commitments with its current equity base,” stated Christopher M. Mathieu, Senior Vice President and Chief Financial Officer. “The termination of the Term Loan Facility is expected to result in an effective interest rate on Horizon’s borrowings for the second half of 2014 of approximately 6.2%, as compared to an effective interest rate of approximately 6.9% for the first half of 2014.”

In connection with the prepayment and termination of the Term Loan Facility, Horizon expects to record a one-time interest expense charge of $1.9 million for the quarter ended June 30, 2014. These nonrecurring expenses consist of a non-cash expense of $1.1 million from the acceleration of unamortized debt issuance costs, and a cash expense of $0.8 million incurred by the payment of a prepayment fee. The non-recurring expenses are expected to be partially offset by a reduction of approximately $0.7 million in incentive fees that would otherwise have been due to the Company’s advisor in the second quarter if the Term Loan Facility had not been terminated. As a result, the net impact from the prepayment and termination of the Term Loan Facility on Horizon’s net investment income is expected to be approximately $1.2 million, or $0.12 per share, for the quarter ended June 30, 2014. There will be no ongoing obligations or expenses associated with the termination and prepayment of the Term Loan Facility.

As a result of the termination and prepayment of the Term Loan Facility, commencing with the third quarter of 2014, Horizon expects to reduce its quarterly interest expense by approximately $0.3 million, or $0.03 per share. These anticipated expense savings reflect the elimination of debt issuance costs and non-usage fees with respect to the Term Loan Facility, as well as lower future borrowing costs under the Key Facility. The Key Facility has a current interest rate of 4.00%, as compared to an interest rate of 7.00% under the Term Loan Facility. Horizon currently has no outstanding borrowings under the Key Facility, but expects to borrow under the Key Facility by the end of the second quarter.

About Horizon Technology Finance
Horizon Technology Finance Corporation is a business development company that provides secured loans to development-stage companies backed by established venture capital and private equity firms within the technology, life science, healthcare information and services, and cleantech industries. The investment objective of Horizon is to maximize total returns by generating current income from a portfolio of directly originated secured loans as well as capital appreciation from warrants that it receives when making such loans. Headquartered in Farmington, Connecticut, with regional offices in Walnut Creek, California and Reston, Virginia, Horizon is externally managed by its investment advisor, Horizon Technology Finance Management LLC. Horizon’s common stock trades on the NASDAQ Global Select Market under the ticker symbol “HRZN.” In addition, Horizon’s 7.375% Senior Notes due 2019 trade on the New York Stock Exchange under the ticker symbol “HTF.” To learn more, please visit www.horizontechnologyfinancecorp.com.

Forward-Looking Statements
Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Horizon undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

FinanceInvestment & Company Information Contact:

Horizon Technology Finance Corporation

Christopher M. Mathieu

Chief Financial Officer

(860) 676-8653

chris@horizontechfinance.com

Investor Relations and Media
The IGB Group
Michael Cimini
(212) 477-8261
mcimini@igbir.com

Leon Berman
(212) 477-8438
lberman@igbir.com

[…]

The Nation's Housing: Cash-outs stage a comeback

WASHINGTON — The name itself conjures up images of ATMs: cash-outs.

You may associate the term “cash-out refinancing” with the frothy and dangerous days of the real estate boom, when some owners turned their hyperinflating houses into money mills, leveraging their equities to the hilt. That didn’t end up too well for many of them.

But now that equity holdings in homes are surging again, cash-out refinancings are coming back into vogue — this time under much tighter controls by lenders and used for saner purposes by borrowers than they were last decade.

Giant mortgage lender Quicken Loans estimates that about one-quarter of new refinancings are cash-outs. Federally chartered investor Freddie Mac reports that cash-outs grew to 17 percent of all refinancings in the first quarter of this year compared with 14 percent the same period in 2013.

A cash-out refi means that the homeowner extracts more money in a replacement mortgage than the current balance, rather than simply lowering the rate and keeping the principal amount the same as it was before the transaction.

Say you have an existing loan with a $200,000 balance. Thanks to rising home values, your property is worth $400,000. If you have a need for cash and good to excellent credit scores, you might be able to negotiate a refinancing into a $250,000 or $300,000 new fixed-rate mortgage. Putting aside transaction costs, you’d end up with roughly $50,000 to $100,000 in cash at closing for whatever use you have in mind.

During the height of the boom years, according to Freddie Mac data, in 80 percent or more of all refinancings borrowers opted to pull out some cash. Freddie defines a cash-out refi as one where there is an increase in the principal balance of at least 5 percent over the previous balance. In the wake of the bust and recession, when owners in this country lost close to $6 trillion in equity, cash-outs have been far fewer and tougher to obtain.

Even this spring they’re just a fraction of total refinancing volume, but the purposes that borrowers plan for the cash they’re extracting have changed dramatically. Whereas a decade ago people were pulling out extra money to pay for consumer spending — cars, boats, vacations — bankers say today they’re focused on more financially sound uses.

Bob Walters, chief economist for Detroit-based Quicken Loans, says his firm is seeing “a lot of debt consolidation” using cash-out refinancings. The same is true at Insignia Bank in Sarasota, Fla. CEO and Chairman Charles Brown III says “sophisticated” borrowers concerned about rising interest rates are consolidating high-cost credit card, mortgage and other floating-rate debt into fixed-rate home loans. The replacement mortgages often carry 30-year rates anywhere from the low 4 percent range to just below 5 percent, depending upon the borrowers’ credit and income profiles.

Cyndee Kendall, Northern California regional mortgage sales manager for Bank of the West, says a typical cash-out refi client today has a floating-rate second mortgage or equity credit line plus a first mortgage with an above-market rate and wants to roll those debts into a single, fixed-rate jumbo mortgage. They do it, she says, to better manage their cash flow and protect against anticipated interest-rate increases as the Federal Reserve tapers its Treasury securities purchases.

Paul Skeens, president and owner of Colonial Mortgage Co., a lender in Waldorf, Md., is seeing another frequent use of cash-outs: Recession-era real estate investors now cashing in their chips. People who bought a house for little or no cash at bargain prices during the recession, and who have built up equity during the past few years through loan amortization and property appreciation, now want to extract cash to make new investments.

A recent client, for example, did a $170,000 cash-out refinancing on a house he purchased with a 3.5 percent FHA-backed mortgage in 2011. The client paid off the $147,000 FHA loan balance and took out a new conventional mortgage of $170,000. After transaction costs, he walked away from the refi with about $20,000 in cash, which he plans to use for a down payment on another investment house. The rate on the new loan: 4.875 percent for 30 years.

Cash-out refis aren’t the right financial option for everybody, of course. A home equity line of credit may be more flexible and cheaper. But for fixed-rate debt consolidation or pulling money out of a successful investment, a cash-out refi is worth a serious look.

[…]

How to Get Instant a Payday Loan | Jaywick Sands

Payday loans are an increasingly easy way to get a cash advance, and with some of the best online lenders the process is now incredibly fast. When lenders will not approve payday loans until they see certain documents, this can add a lot of time onto the application process. In such situations you normally have to fax documents through and wait until someone checks it and responds. The extra time this takes is at best an inconvenience and at worst can cause long delays that are a major problem when you need money fast.

When you have the need for cash fast, instant payday loans may be the best option for you since many times you can gain approval without faxing any documents and have the money in your bank account within one business day. Payday loans are a short term lending solution that will help you meet financial obligations in times of extreme need.

Meeting Short Term Obligations

Payday loans may have received an unfairly bad reputation from some people, since there are many lenders and borrowers who misuse them. However, when you need a small amount of cash for a short period with little hassle, there is no better option. They can provide you with the finances you need without the hassle of faxing documents to a lender or waiting for approval. That is why many people also call them instant loans.

If you think that using this kind of loan could be the right choice for you, then there are a few important facts that you need to know first. I will describe them below.

How Payday Loans Work

People who are unfamiliar with the phrase payday loan and instant loan may at first be confused about the utility of this lending option. However, they are simple, short-term; low-principle loans that allow people the ability to cover bills without worry or too much paperwork.

Whereas traditional loans take time to gain approval and require an abundance of paperwork such as paystubs and tax documents, these loans require no such information. Instead, payday loans are given out based on simple employment and bank account verification,

How ‘Instant’ Are Payday Loans

Considering the ease of the application process, getting a payday loan is a lot faster than many people think. The term ‘instant’ isn’t too far from the truth, in fact. Once you provide the lender with your basic information – name, address, employer, and bank account – they will begin the process of electronically verifying your data. This usually takes only a few minutes before you are given approval.

Once approval is granted, you will have the total amount of your loan deposited into your designated bank account within one short business day. This gives you almost instant access to the funds you need.

Loan Details

After learning of the benefits and ease of acquiring a payday loan, the last question is how much money one can receive. Like I mentioned before, payday loans are for small amounts, that range is usually between £100 and £1,500. The reason for such small loans is the short terms that come with them. Generally, these loans are given for 14-60 days, so taking any more money would be nearly impossible to payback in that period. As you continue to repay your loans responsibly and build up a good reputation with your lender, however, sometimes you can get that amount increased.

Convenience

The best part is their convenience. They are easy to get because they do not require faxing documents and can be deposited directly into your bank account quickly. Once you begin to appreciate the utility of responsible use of instant payday loans you won’t be able to remember how you lived without them. You can get exactly when you need for this. You do not need to be present to the lender. You get the cash, once your documents get checked by concerned authority. In some cases it does not take more than 24 hours.

Take the full advantage of this pay day loan. You can easily get rid of difficult situations. Get money in your emergence need. Be safe and out fear with this instant loan facility.

[…]

Allegiant Travel Company Announces Pre-payment of Existing Term Loan


Allegiant Travel Company Announces Pre-payment of Existing Term Loan

LAS VEGAS. April 14, 2014 – Allegiant Travel Company (ALGT) has pre-paid the company`s $125 million senior secured term loan facility, which was scheduled to mature in March 2017. In addition, the company has borrowed $45.3 million from Wells Fargo Bank. Both of these transactions occurred on April 11, 2014.

“This decision allows us to refinance more expensive debt and also provides flexibility to maintain future fleet growth as well as return cash to shareholders,” stated Maurice J. Gallagher, Jr., Chairman and CEO of Allegiant Travel Company. “We are pre-paying our term loan with a payout of the balance of $121.3 million. After giving effect to these two deals, our total debt balance will be $149 million, which improves the company`s already strong balance sheet.”

The company has paid off the $121.3 million balance of the term loan through a combination of the $45.3 million loan received from Wells Fargo Bank and $76 million of internally generated cash. The elimination of the term loan unencumbers 53 MD-80 aircraft, as well as four 757 aircraft. The company has pledged the 53 MD-80 aircraft as collateral under the Wells Fargo Bank loan.

As of today, the company has 53 encumbered MD-80 aircraft, seven encumbered A320 aircraft, one encumbered A319 aircraft (Airbus aircraft were pledged in previous financings), one encumbered 757 aircraft, and five unencumbered 757 aircraft.

Allegiant, Travel is our deal.®
Las Vegas-based Allegiant Travel Company (ALGT) is focused on linking travelers in small cities to world-class leisure destinations. The company operates a low-cost, high-efficiency, all-jet passenger airline through its subsidiary, Allegiant Air, while also offering other travel-related products such as hotel rooms, rental cars, and attraction tickets. All can be purchased through the company website, allegiant.com. The company has been named one of America`s 100 Best Small Companies by Forbes Magazine for four consecutive years. For downloadable press kit, including photos, visit: http://gofly.us/qSnWj. ALGT/G

Note: This news release was accurate at the date of issuance. However, information contained in the release may have changed. If you plan to use the information contained herein for any purpose, verification of its continued accuracy is your responsibility.

For further information please visit the company`s investor website: http://ir.allegiantair.com/

Reference to the Company`s website above does not constitute incorporation of any of the information thereon into this news release.

Media Inquiries: mediarelations@allegiantair.com
Investor Inquiries: Christopher Allen: ir@allegiantair.com


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Allegiant Travel Company via GlobeNewswire
HUG#1776993

Airline IndustryFinanceAllegiant Travel CompanyWells Fargo Bank […]

Borrowers could save more than $90,000 interest



Borrowers could save more than $90,000 interest

Wednesday, 2 April 2014, 3:45 pm
Press Release: Canstar

02 April 2014

Borrowers could potentially save more than $90,000 interest costs on average home loan
CANSTAR releases annual home loan star ratings report today, assessing 95 home loans from 10 lenders.

After a three-year breather, the cash rate is finally on the rise again, with the Reserve Bank of New Zealand (RBNZ) announcing a 0.25% increase to 2.75% in March. Combined with last year’s high-LVR volume capping, loan conditions are becoming more challenging for would-be and recent buyers. Nevertheless there are healthy savings for borrowers who are prepared to negotiate, with analysis of 95 home loans by financial research and ratings organisation, CANSTAR, finding a difference of 59 basis points on current floating home loan rates.

On a $300,000 home loan over 30 years, a 59 basis point difference equates to potential interest cost savings of $93,000 over the life of the loan, as well as potentially cutting the term of the loan by more than four years.

“I think it can be a shock for home buyers when they realise the total cost of their mortgage over the long term,” said Derek Bonnar, CANSTAR General Manager – New Zealand. “Even in our current low-interest environment, the difference between the highest and lowest floating mortgage rate equates to $113 per month on a $300,000 loan and potentially much greater savings if borrowers negotiate the lower rate but keep their repayments at the same level.”

Loan sizeInterest rateMonthly repaymentTotal repayment over life of loan (30 years)$300,0006.19%$1,835$660,766$300,0005.60%$1,722$620,005Saving $113 per month$40,761If borrowers negotiate low rate but keep repayments at higher level…$300,0005.60%$1,835$567,333,Saving $93,433
Source: CANSTAR. Based on $300,00 loan with 80% LVR over 30 years. Rates on CANSTAR database.

“The interest rate on your home loan remains one of the biggest factors affecting the cost of the loan over its lifespan,” said Mr Bonnar. “For households, keeping their repayments slightly higher when negotiating a low rate could potentially mean a fantastic overseas holiday, or retiring a year earlier. It is well worth the effort.”

CANSTAR makes home loan comparison easy. The Home Loan Star Ratings, released today, compares 95 home loans from 10 lenders across five categories of floating, fixed rate and line of credit loans for both residential and investment purposes. The star rating report is a useful way for mortgage holders to assess how their current lender compares, as well as to narrow down products worth investigating further.

“Across the five loan categories assessed, several mortgage providers stood out as offering 5-star value,” says Mr Bonnar. “These included Kiwibank, achieving a 5-star rating in four of the loan categories, followed closely by Westpac, with a 5-star rating in three categories. SBS Bank achieved 5-star ratings in both the Residential Fixed and Investment Fixed categories and ANZ were 5-star rated in the Line of Credit category.”

“The best value mortgage for each home owner is going to depend on their individual situation, but with potentially many thousands of dollars to save, taking the time to shop around is a great return on investment.”

Home_Loans__Report_NZ_2014.pdf

© Scoop Media

[…]