• Debt/Loan Consolidation, Refinancing and Restructuring Defined, Explained & Compared in One Minute

    A one minute video through which debt (loan) consolidation, refinancing and restructuring are defined, explained and compared. A lot of people think debt consolidation is the same thing as debt refinancing. Or that debt restructuring and debt refinancing are synonyms. That's definitely not the case. Loan consolidation, refinancing and restructuring sometimes have things in common but make no mistake, we're talking about completely different terms. Today, I did my best to put debt consolidation, debt refinancing as well as debt restructuring under the microscope. Please like, comment and subscribe if you've enjoyed this video. If you'd like to follow me on social media, use one of the links below: https://www.facebook.com/oneminuteeco... https://twitter.com/andreipolgar https://ro....

    published: 18 Aug 2017
  • What is REFINANCING? What does REFINANCING mean? REFINANCING meaning, definition & explanation

    What is REFINANCING? What does REFINANCING mean? REFINANCING meaning, definition & explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Refinancing may refer to the replacement of an existing debt obligation with another debt obligation under different terms. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as, inherent risk, projected risk, political stability of a nation, currency stability, banking regulations, borrower's credit worthiness, and credit rating of a nation. In many industrialized nations, a common form of refinancing is for a place of primary residency mortgage. If the replacement of debt occurs under financial distress, refinancing...

    published: 12 Oct 2016
  • Refinancing To Pay Off Debt, Managing Your Debt, & Using Equity To Refinance

    http://real-101.com Watch more episodes http://www.TraceyBrock.ca Tracey Brock Mortgage Broker When you own a home, it's extremely important to learn how managing your debt will allow you to live without the stress of making monthly payments. When you get into debt trouble, refinancing your mortgage to pay off debt is a step you can take. But by learning how to manage your debt, you can avoid using equity in your home to refinance debt, and save that equity for more important things. Watch this episode with Tracey Brock of Dominion Lending Centres where she explains how to refinance your mortgage to pay off debt, and how to manage your debt. For more information on mortgage financing, or if you need a mortgage broker, contact Tracey Brock of Dominion Lending Centres. http://www.TraceyB...

    published: 24 Jan 2013
  • Refinancing Home Loan for Debt Consolidation

    https://KCLau.com/refinancing-aia I spoke to Daniel who specialises in helping his clients to refinance their home loans. What are the main reasons people consider when refinancing to cash out the equity? The most common cause --- DEBT CONSOLIDATION... instead of paying 18% for credit cards and many other debts, the home loan offer the lowest interest rate of all! You can lower your commitment while enjoying lower interest rate.

    published: 12 May 2017
  • Can I Refinance My Home To Pay Off Credit Card Debt?

    http://iwantagreathomeloan.com - Do you own a home? Do you have credit card debt you would like to pay off or consolidate? If you answered yes to both of these questions you might want to look into doing a cash-out refinance. This is a great way to consolidate your credit card debts by using the equity in your home. This is not for everyone, but is definitely something you should look into if you are trying to free up some money. In this episode, Don answers some questions that have come up in regards to paying of credit card debt and using the equity in your home to do this. Check out this video and if you have any questions, please visit us online at I Want A Great Home Loan dot Com. There you can submit your questions and get answers. We are here to help!

    published: 15 Apr 2014
  • Cash Out Refinance?

    Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular rad...

    published: 11 Nov 2014
  • Debt consolidation

    Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular rad...

    published: 28 Nov 2013
  • Benefits of refinancing to consolidate debt

    Like many Australians you could have several debts – probably a home loan, a personal loan, and possibly even a credit card balance. Having multiple debts means juggling lots of different repayments. More importantly, you could be paying more each month than necessary. That’s because your personal loan and credit card could charge interest rates twice as high or more, than the rate you’re currently paying on your home loan. A smart way to save can be refinancing your home loan to consolidate different debts. Let’s see how it can work. We’ll say Sue has a home loan of $200,000 with a rate of 5%. She has a $15,000 personal loan costing 12% and $5,000 is owed on her credit card – attracting interest of 18%. All up, Sue pays around $1,600 in monthly repayments. Now let’s see what happe...

    published: 05 Jul 2016
  • Wrapping Up Debt Into Your Mortgage or Consolidating Debt

    http://LeahCoss.ca Hi, everyone, how are you? It's Leah Coss with The Mortgage Center. I've had a few of you out there ask me recently if you can wrap up your loans into your mortgage, i. e. maybe you have student loans, and you're like, "I'm going to buy a house or I already have one. Can I just wrap up this loan into my home, so that now I don't have my student loans? Or my car loan, or anything like that. I just want to wrap it up into my mortgage." And I think that wrapping up term is really confusing a few of you into understanding exactly how that works. You're not actually wrapping your loans up into your mortgage. What you're doing is you're consolidating, and a bank won't look at the value of your home and the value of your car and add them together and say, "Oh, that's the full ...

    published: 06 Dec 2010
  • Refinancing is one option to tackle debts

    Refinance could be an option for consolidating your debts, get help online http://www.firstchoicefinance.co.uk/Index.asp?T=Refinancing%20is%20one%20option%20to%20tackle%20debts Think Carefully Before Securing Other Debts Against Your Home. Your Home May Be Repossessed If You Do Not Keep Up Repayments On A Mortgage Or Any Other Debt Secured On It. Security is required on immovable property. Borrowing is subject to status & affordability

    published: 14 May 2017
  • What You Need to Know About the NEW SBA Debt Refinance Program

    HCDC is now accepting applications for the refinance of commercial debt using the recently reinstated SBA Debt Refinance Program. The program can be used on eligible fixed assets that include what would have been originally financed with an SBA 504 loan, such as land, buildings, machinery, and equipment, whether acquired, constructed, or improved for the benefit of the small business. This is the time to refinance existing commercial debt. With the SBA 504 Program now at historic low interest rates, borrowers can lock in a low rate for twenty years. Even 504 borrowers who refinanced their 504 loan more than two years ago, can come back and use the 504 Debt Refinance Program.

    published: 27 Jun 2016
  • Don't pay off your credit card debt by refinancing

    It is not a good idea to pay off your outstanding credit card debt by refinancing unless you have a solid plan. Otherwise, you could risk losing your home. #5 in a series "Got Debt?"

    published: 10 Jun 2014
  • Refinance Debts to Reduce Your Payments!

    Oshawa Mortgage Brokers are ready to help you refinance high interest rate debt into one low rate payments

    published: 27 May 2010
  • How to get rid of credit card debt FAST

    This video is going to help anyone who has credit card debt and wants to pay them off quickly. Credit cards typically have very high interest rates, so what can you do to lower your interest rate. Watch and find out! WANT TO SUPPORT THE CHANNEL? HERE'S HOW! -Buying something on Amazon soon? Support this channel by using our link! https://www.amazon.com/?tag=commoncentsmi-20 It gives the channel a commission without any extra charge! Bookmark it for future uses too! -BECOME A PATREON SUPPORTER! https://www.patreon.com/bePatron?c=1106118 Even $1 means the world! -By giving a THUMBS UP and SHARING, you can really help the channel GROW! Doesn't cost a penny but still makes a difference! EMAIL: COMMONCENTSMIKE@GMAIL.COM

    published: 01 Jul 2016
  • What is DEBT RESTRUCTURING? What does DEBT RESTRUCTURING mean? DEBT RESTRUCTURING meaning

    What is DEBT RESTRUCTURING? What does DEBT RESTRUCTURING mean? DEBT RESTRUCTURING meaning - DEBT RESTRUCTURING definition - DEBT RESTRUCTURING explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Debt restructuring is a process that allows a private or public company, or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts in order to improve or restore liquidity so that it can continue its operations. Replacement of old debt by new debt when not under financial distress is called "refinancing". Out-of-court restructurings, also known as workouts, are increasingly becoming a global reality. A debt restructuring, which involves a reduction of debt and an extension ...

    published: 19 Apr 2017
  • Robert Kiyosaki: On Debt / Using low rate financing to invest in Texas real estate

    Robert Kiyosaki sits down with Kurt Carlton, CEO of Sherman Bridge Lending and Andrew Welker, CEO of New Western. This video is on the importance of having a financial education. Robert describes how favorable the current mortgage rates are for investing in real estate in Texas. He also describes how to save money on your taxes through real estate. Kiyosaki states he mainly invests in distressed houses and apartment buildings in Dallas, Fort Worth and Houston investment real estate. He is also a big proponent of using leverage such as hard money to get your investment deal done. New Western is a Texas based company that provides investment properties for real estate investors www.NewWestern.com and Sherman Bridge Lending provides rehab lending for real estate investors www.ShermanBridge.co...

    published: 01 Jul 2012
  • Current Liabilities Accounting (Refinancing Short Term Debt With Long Term Debt)

    Accounting for the refinancing of a current liability using long term debt or equity (after the balance sheet date & before the balance sheet is issued), when to reclassify short-term debt to long-term debt ?, Refinancing a short-term obligation on a long-term basis means either replacing it with a long-term obligation or with equity securities, or renewing, extending, or replacing it with short-term obligations for an uninterrupted period extending beyond one year (or the operating cycle, if applicable), Refinancing criteria: To exclude short-term debt from current liabilities both of the following must be met: 1-Must intend to refinance the debt on a long term basis so that it will not require use of working capital and 2-Must demonstrate an ability to refinance the debt, Short-Term debt...

    published: 17 Jan 2013
  • Looking to refinance existing debts via dollar: Essar Port

    Wwatch: "Kanhaiya Kumar's Full Speech at JNU Campus" → https://www.youtube.com/watch?v=_df-48pHzCA -~-~~-~~~-~~-~- Looking to refinance existing debts via dollar: Essar Port For more information: Subscribe - www.youtube.com/etnow to get latest business news,analysis and updates. Follow - www.dailymotion.com/etnow to get latest video updates.

    published: 13 Sep 2013
  • refinance debt consolidation mortgage

    http://ramyourdebt.com Get your free video loaded with secrets of debt consolidation and elimination with a refinance mortgage. Pay off all your credit debt, including your mortgage, in 5 to 7 years.

    published: 20 Apr 2009
  • Dave Ramsey's Debt Myths - Should You Pull Money Out of Your House to Pay Credit Card Debt?

    In this episode, I continue with series on the debt/money myths discussed by Dave Ramsey in his book The Total Money Makeover. Today we discuss whether it is a good idea to refinance your house or take out a Home Equity Line of Credit (HELOC) to consolidate your credit card debt. Check out our online tutorials, templates, and forms at http://Legal.Coach

    published: 09 Feb 2018
  • How To Pay Off Student Loans?

    Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular rad...

    published: 27 Jan 2016
  • You know you can refinance your mortgage and pay off your debts

    published: 25 Apr 2017
  • Short-Term Obligations Expected to Be Refinanced | Intermediate Accounting | CPA Exam FAR | Ch13 P 2

    Short-term obligations are debts scheduled to mature within one year after the date of a company's balance sheet or within its operating cycle, whichever is longer. Some short-term obligations are expected to be refinanced on a long-term basis. These short-term obligations will not require the use of working capital during the next year (or operating cycle, if longer).10 At one time, the accounting profession generally supported the exclusion of short-term obligations from current liabilities if they were “expected to be refinanced.” But the profession provided no specific guidelines, so companies determined whether a short-term obligation was “expected to be refinanced” based solely on management's intent to refinance on a long-term basis. Classification was not clear-cut. For example, a ...

    published: 06 Oct 2015
  • Secret to Get Out of Credit Card Debt in 5 Steps! (I wish someone told me this)

    I was in debt like many people, and it was eating me ALIVE!! Lol. But I found the way out! Step #1= 0:44 Stop Using Your Credit Cards Immediately Step #2= 1:47 Research Consolidation Loans Step #3= 3:49 Open A Zero % Intro Rate Credit Card Step #4= 4:47 Refinance Everything! Cars, Homes Loans, Credit Step #5= 8:16 Take Advantage of the Balance Transfer Offer

    published: 23 Dec 2016
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Debt/Loan Consolidation, Refinancing and Restructuring Defined, Explained & Compared in One Minute
1:54

Debt/Loan Consolidation, Refinancing and Restructuring Defined, Explained & Compared in One Minute

  • Order:
  • Duration: 1:54
  • Updated: 18 Aug 2017
  • views: 1199
videos
A one minute video through which debt (loan) consolidation, refinancing and restructuring are defined, explained and compared. A lot of people think debt consolidation is the same thing as debt refinancing. Or that debt restructuring and debt refinancing are synonyms. That's definitely not the case. Loan consolidation, refinancing and restructuring sometimes have things in common but make no mistake, we're talking about completely different terms. Today, I did my best to put debt consolidation, debt refinancing as well as debt restructuring under the microscope. Please like, comment and subscribe if you've enjoyed this video. If you'd like to follow me on social media, use one of the links below: https://www.facebook.com/oneminuteeco... https://twitter.com/andreipolgar https://ro.linkedin.com/in/andrei-pol... To support the channel, please visit OneMinuteEconomics.com to buy my book, donate via PayPal/Bitcoin or become a patron on Patreon.
https://wn.com/Debt_Loan_Consolidation,_Refinancing_And_Restructuring_Defined,_Explained_Compared_In_One_Minute
What is REFINANCING? What does REFINANCING mean? REFINANCING meaning, definition & explanation
4:15

What is REFINANCING? What does REFINANCING mean? REFINANCING meaning, definition & explanation

  • Order:
  • Duration: 4:15
  • Updated: 12 Oct 2016
  • views: 3329
videos
What is REFINANCING? What does REFINANCING mean? REFINANCING meaning, definition & explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Refinancing may refer to the replacement of an existing debt obligation with another debt obligation under different terms. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as, inherent risk, projected risk, political stability of a nation, currency stability, banking regulations, borrower's credit worthiness, and credit rating of a nation. In many industrialized nations, a common form of refinancing is for a place of primary residency mortgage. If the replacement of debt occurs under financial distress, refinancing might be referred to as debt restructuring. A loan (debt) might be refinanced for various reasons: 1. To take advantage of a better interest rate (a reduced monthly payment or a reduced term) 2. To consolidate other debt(s) into one loan (a potentially longer/shorter term contingent on interest rate differential and fees) 3. To reduce the monthly repayment amount (often for a longer term, contingent on interest rate differential and fees) 4. To reduce or alter risk (e.g. switching from a variable-rate to a fixed-rate loan) 5. To free up cash (often for a longer term, contingent on interest rate differential and fees) Refinancing for reasons 2, 3, and 5 are usually undertaken by borrowers who are in financial difficulty in order to reduce their monthly repayment obligations, with the penalty that they will take longer to pay off their debt. In the context of personal (as opposed to corporate) finance, refinancing multiple debts makes management of the debt easier. If high-interest debt, such as credit card debt, is consolidated into the home mortgage, the borrower is able to pay off the remaining debt at mortgage rates over a longer period. For home mortgages in the United States, there may be tax advantages available with refinancing, particularly if one does not pay Alternative Minimum Tax. Some fixed-term loans have penalty clauses ("call provisions") that are triggered by an early repayment of the loan, in part or in full, as well as "closing" fees. There will also be transaction fees on the refinancing. These fees must be calculated before embarking on a loan refinancing, as they can wipe out any savings generated through refinancing. Penalty clauses are only applicable to loans paid off prior to maturity. If a loan is paid off upon maturity it is a new financing, not a refinancing, and all terms of the prior obligation terminate when the new financing funds pay off the prior debt. If the refinanced loan has the same interest rate as previously, but a longer term, it will result in a larger total interest cost over the life of the loan, and will result in the borrower remaining in debt for many more years. Typically, a refinanced loan will have a lower interest rate. This lower rate, combined with the new, longer term remaining on the loan will lower payments. A borrower should calculate the total cost of a new loan compared to the existing loan. The new loan cost will include the closing costs, prepayment penalties (if any) and the interest paid over the life of the new loan. This should be lower than the remaining interest that will be paid on the existing loan to see if it makes financial sense to refinance. In some jurisdictions, varying by American state, refinanced mortgage loans are considered recourse debt, meaning that the borrower is liable in case of default, while un-refinanced mortgages are non-recourse debt.
https://wn.com/What_Is_Refinancing_What_Does_Refinancing_Mean_Refinancing_Meaning,_Definition_Explanation
Refinancing To Pay Off Debt, Managing Your Debt, & Using Equity To Refinance
5:25

Refinancing To Pay Off Debt, Managing Your Debt, & Using Equity To Refinance

  • Order:
  • Duration: 5:25
  • Updated: 24 Jan 2013
  • views: 2545
videos
http://real-101.com Watch more episodes http://www.TraceyBrock.ca Tracey Brock Mortgage Broker When you own a home, it's extremely important to learn how managing your debt will allow you to live without the stress of making monthly payments. When you get into debt trouble, refinancing your mortgage to pay off debt is a step you can take. But by learning how to manage your debt, you can avoid using equity in your home to refinance debt, and save that equity for more important things. Watch this episode with Tracey Brock of Dominion Lending Centres where she explains how to refinance your mortgage to pay off debt, and how to manage your debt. For more information on mortgage financing, or if you need a mortgage broker, contact Tracey Brock of Dominion Lending Centres. http://www.TraceyBrock.ca Direct: 416.788.6207 Mortage Broker M09001257 Need A Top Real Estate Agent In Ontario? Contact Joe Terceira http://www.joeterceira.com Refinancing To Pay Off Debt, Managing Your Debt, & Using Equity To Refinance https://www.youtube.com/watch?v=gqqq-dmVqhA
https://wn.com/Refinancing_To_Pay_Off_Debt,_Managing_Your_Debt,_Using_Equity_To_Refinance
Refinancing Home Loan for Debt Consolidation
4:24

Refinancing Home Loan for Debt Consolidation

  • Order:
  • Duration: 4:24
  • Updated: 12 May 2017
  • views: 1539
videos
https://KCLau.com/refinancing-aia I spoke to Daniel who specialises in helping his clients to refinance their home loans. What are the main reasons people consider when refinancing to cash out the equity? The most common cause --- DEBT CONSOLIDATION... instead of paying 18% for credit cards and many other debts, the home loan offer the lowest interest rate of all! You can lower your commitment while enjoying lower interest rate.
https://wn.com/Refinancing_Home_Loan_For_Debt_Consolidation
Can I Refinance My Home To Pay Off Credit Card Debt?
3:37

Can I Refinance My Home To Pay Off Credit Card Debt?

  • Order:
  • Duration: 3:37
  • Updated: 15 Apr 2014
  • views: 2371
videos
http://iwantagreathomeloan.com - Do you own a home? Do you have credit card debt you would like to pay off or consolidate? If you answered yes to both of these questions you might want to look into doing a cash-out refinance. This is a great way to consolidate your credit card debts by using the equity in your home. This is not for everyone, but is definitely something you should look into if you are trying to free up some money. In this episode, Don answers some questions that have come up in regards to paying of credit card debt and using the equity in your home to do this. Check out this video and if you have any questions, please visit us online at I Want A Great Home Loan dot Com. There you can submit your questions and get answers. We are here to help!
https://wn.com/Can_I_Refinance_My_Home_To_Pay_Off_Credit_Card_Debt
Cash Out Refinance?
6:10

Cash Out Refinance?

  • Order:
  • Duration: 6:10
  • Updated: 11 Nov 2014
  • views: 34163
videos
Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
https://wn.com/Cash_Out_Refinance
Debt consolidation
7:53

Debt consolidation

  • Order:
  • Duration: 7:53
  • Updated: 28 Nov 2013
  • views: 62608
videos
Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
https://wn.com/Debt_Consolidation
Benefits of refinancing to consolidate debt
2:01

Benefits of refinancing to consolidate debt

  • Order:
  • Duration: 2:01
  • Updated: 05 Jul 2016
  • views: 855
videos
Like many Australians you could have several debts – probably a home loan, a personal loan, and possibly even a credit card balance. Having multiple debts means juggling lots of different repayments. More importantly, you could be paying more each month than necessary. That’s because your personal loan and credit card could charge interest rates twice as high or more, than the rate you’re currently paying on your home loan. A smart way to save can be refinancing your home loan to consolidate different debts. Let’s see how it can work. We’ll say Sue has a home loan of $200,000 with a rate of 5%. She has a $15,000 personal loan costing 12% and $5,000 is owed on her credit card – attracting interest of 18%. All up, Sue pays around $1,600 in monthly repayments. Now let’s see what happens if Sue refinances her home loan to consolidate all these balances into one low rate loan. Instead of juggling different debts, Sue only has to manage her home loan, now worth $220,000. And instead of paying rates as high as 18%, she pays just 5%. By refinancing this way, Sue will pay a single monthly repayment of $1,286 – that’s over $300 less each month than she was previously paying. This gives Sue extra money to live on. Or she can use the extra $300 she now has available each month to pay off her home loan sooner and save more in overall interest. The potential downside would be that Sue would be paying for short term debt over a longer period. However, your local Mortgage Choice broker can work on the best plan for consolidating your debt that suits your situation. Why not talk to them today to find out more? ----------------------------------------------------------------------------------------------------------- Please see below for accompanying calculations Before consolidation: Monthly repayment on Sue’s home loan $200,000 @ 5% $1,169* Monthly repayment on Sue’s personal loan $15,000 @ 12% $ 334* Monthly repayment on Sue’s credit card $5,000 @ 18% $ 102** Total monthly repayment $1,605 After consolidation Monthly repayment on Sue’s home loan $220,000 @ 5% $1,286* Monthly repayment reduction: $319 *Made using home loan calculator on Mortgage Choice website **Made using credit card calculator at www.moneysmart.gov.au, assumes minimum monthly repayment of 2%
https://wn.com/Benefits_Of_Refinancing_To_Consolidate_Debt
Wrapping Up Debt Into Your Mortgage or Consolidating Debt
4:31

Wrapping Up Debt Into Your Mortgage or Consolidating Debt

  • Order:
  • Duration: 4:31
  • Updated: 06 Dec 2010
  • views: 4713
videos
http://LeahCoss.ca Hi, everyone, how are you? It's Leah Coss with The Mortgage Center. I've had a few of you out there ask me recently if you can wrap up your loans into your mortgage, i. e. maybe you have student loans, and you're like, "I'm going to buy a house or I already have one. Can I just wrap up this loan into my home, so that now I don't have my student loans? Or my car loan, or anything like that. I just want to wrap it up into my mortgage." And I think that wrapping up term is really confusing a few of you into understanding exactly how that works. You're not actually wrapping your loans up into your mortgage. What you're doing is you're consolidating, and a bank won't look at the value of your home and the value of your car and add them together and say, "Oh, that's the full amount, and so we will loan you X amount of percentage based on those two collaterals together." They don't do that. A mortgage is a mortgage and loan is a loan, and those are two separate things, and they're all based on different collaterals. Some loans are even based on no collateral. They're just given to you on goodwill. That is absolutely not what a mortgage is about. So, when you say, "Can I wrap up these loans?", the only thing I can say is you can consolidate, but you can only consolidate for as much equity as you already have in your home. So for those of you who've bought a home with five percent down, you cannot consolidate anything. It is government mandate. You must have five percent equity in your home in order to be allowed to own it. If you're in a negative equity situation, then upon renewal, you're going to be in trouble. So, at no point can you wrap up or i.e. use equity in your home to pay off another loan, because you need to have at least five percent in your home. If you already own that home and you're trying to refinance, now the new rules as of April, 2010 is that you have to have 10 percent when you refinance. So now, unless you have above and beyond 10 percent equity in your home, you cannot take out any of that equity to pay off i.e. wrap up any loans into your home. If you have 20 percent and above, then what you can actually do is create something called a HELOC, or a home equity line of credit, and this is basically just like a line of credit except it's a secured line of credit, so it's typically a better interest rate and it's based off your mortgage, so... [background noise] Let that car go by. That's awesome. So, with the HELOC, you can only do that if you have above and beyond 20 percent in your home. You must always have 20 percent in your home in order to get that. Check out my other videos. I have talked about consolidating debt and HELOCs before, H E L O C. So, that's what that means. You cannot just magically wrap up debt into your home if you don't have equity, and what you're essentially doing is taking out your equity and spending it on this loan and just basically transferring debt. Now is that a good thing? It can be. If you have like right now, with all the rates being so incredibly, historically low whether you're in a fixed or a variable, chances are that rate might be a heck of a lot cheaper then your credit cards, your car payments, student loans, everything like that, and yes, it might make sense to wrap up your debts or consolidate using the equity in your home. But many of you cannot do this if you only have five or ten percent. Actually, in most cases, I will recommend never consolidating unless you have at least 20 percent in your home. Once you hit below 20 percent, you're having to pay mortgage insurance fees all over again, and to me, that's a waste of money. Just wait until you've built up equity in your home of 20 percent, and feel welcome to just maintain that happy 20 percent in your home and consolidate the rest of your debts with the additional equity that you earn. But if you have any questions about a HELOC, about consolidating, about wrapping up debts into your home, or refinancing, please give me a call and let me know. I'd be happy to answer questions and give you my opinion on what I think the best route is for you, whether the situation that you're in now, having multiple debts is better, or whether consolidating, using the equity in your home is the better solution. So, Leah Coss with The Mortgage Center. Hopefully I've helped you out, and hopefully I'll be talking to you soon.
https://wn.com/Wrapping_Up_Debt_Into_Your_Mortgage_Or_Consolidating_Debt
Refinancing is one option to tackle debts
1:43

Refinancing is one option to tackle debts

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  • Duration: 1:43
  • Updated: 14 May 2017
  • views: 6
videos
Refinance could be an option for consolidating your debts, get help online http://www.firstchoicefinance.co.uk/Index.asp?T=Refinancing%20is%20one%20option%20to%20tackle%20debts Think Carefully Before Securing Other Debts Against Your Home. Your Home May Be Repossessed If You Do Not Keep Up Repayments On A Mortgage Or Any Other Debt Secured On It. Security is required on immovable property. Borrowing is subject to status & affordability
https://wn.com/Refinancing_Is_One_Option_To_Tackle_Debts
What You Need to Know About the NEW SBA Debt Refinance Program
8:24

What You Need to Know About the NEW SBA Debt Refinance Program

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  • Duration: 8:24
  • Updated: 27 Jun 2016
  • views: 161
videos
HCDC is now accepting applications for the refinance of commercial debt using the recently reinstated SBA Debt Refinance Program. The program can be used on eligible fixed assets that include what would have been originally financed with an SBA 504 loan, such as land, buildings, machinery, and equipment, whether acquired, constructed, or improved for the benefit of the small business. This is the time to refinance existing commercial debt. With the SBA 504 Program now at historic low interest rates, borrowers can lock in a low rate for twenty years. Even 504 borrowers who refinanced their 504 loan more than two years ago, can come back and use the 504 Debt Refinance Program.
https://wn.com/What_You_Need_To_Know_About_The_New_Sba_Debt_Refinance_Program
Don't pay off your credit card debt by refinancing
1:31

Don't pay off your credit card debt by refinancing

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  • Duration: 1:31
  • Updated: 10 Jun 2014
  • views: 491
videos
It is not a good idea to pay off your outstanding credit card debt by refinancing unless you have a solid plan. Otherwise, you could risk losing your home. #5 in a series "Got Debt?"
https://wn.com/Don't_Pay_Off_Your_Credit_Card_Debt_By_Refinancing
Refinance Debts to Reduce Your Payments!
1:54

Refinance Debts to Reduce Your Payments!

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  • Duration: 1:54
  • Updated: 27 May 2010
  • views: 177
videos
Oshawa Mortgage Brokers are ready to help you refinance high interest rate debt into one low rate payments
https://wn.com/Refinance_Debts_To_Reduce_Your_Payments
How to get rid of credit card debt FAST
7:23

How to get rid of credit card debt FAST

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  • Duration: 7:23
  • Updated: 01 Jul 2016
  • views: 73230
videos
This video is going to help anyone who has credit card debt and wants to pay them off quickly. Credit cards typically have very high interest rates, so what can you do to lower your interest rate. Watch and find out! WANT TO SUPPORT THE CHANNEL? HERE'S HOW! -Buying something on Amazon soon? Support this channel by using our link! https://www.amazon.com/?tag=commoncentsmi-20 It gives the channel a commission without any extra charge! Bookmark it for future uses too! -BECOME A PATREON SUPPORTER! https://www.patreon.com/bePatron?c=1106118 Even $1 means the world! -By giving a THUMBS UP and SHARING, you can really help the channel GROW! Doesn't cost a penny but still makes a difference! EMAIL: COMMONCENTSMIKE@GMAIL.COM
https://wn.com/How_To_Get_Rid_Of_Credit_Card_Debt_Fast
What is DEBT RESTRUCTURING? What does DEBT RESTRUCTURING mean? DEBT RESTRUCTURING meaning
7:01

What is DEBT RESTRUCTURING? What does DEBT RESTRUCTURING mean? DEBT RESTRUCTURING meaning

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  • Duration: 7:01
  • Updated: 19 Apr 2017
  • views: 2973
videos
What is DEBT RESTRUCTURING? What does DEBT RESTRUCTURING mean? DEBT RESTRUCTURING meaning - DEBT RESTRUCTURING definition - DEBT RESTRUCTURING explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Debt restructuring is a process that allows a private or public company, or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts in order to improve or restore liquidity so that it can continue its operations. Replacement of old debt by new debt when not under financial distress is called "refinancing". Out-of-court restructurings, also known as workouts, are increasingly becoming a global reality. A debt restructuring, which involves a reduction of debt and an extension of payment terms, is usually a less expensive alternative to bankruptcy. The main costs associated with debt restructuring are the time and effort negotiating with bankers, creditors, vendors, and tax authorities. In the United States, small business bankruptcy filings cost at least $50,000 in legal and court fees, and filing costs in excess of $100,000 are common. By some measures, only 20% of firms survive Chapter 11 bankruptcy filings. Historically, debt restructuring has been the province of large corporations with financial wherewithal. In the Great Recession that began with the financial crisis of 2007–08, a component of debt restructuring called debt mediation emerged for small businesses (with revenues under $5 million). Like debt restructuring, debt mediation is a business-to-business activity and should not be considered the same as individual debt reduction involving credit cards, unpaid taxes, and defaulted mortgages. In 2010 debt mediation has become a primary way for small businesses to refinance in light of reduced lines of credit and direct borrowing. Debt mediation can be cost-effective for small businesses, help end or avoid litigation, and is preferable to filing for bankruptcy. While there are numerous companies providing restructuring for large corporations, there are few legitimate firms working for small businesses. Legitimate debt restructuring firms only work for the debtor client (not as a debt collection agency) and should charge fees based on success. Among the debt situations that can be worked out in business-to-business debt mediation are: lawsuits and judgments, delinquent property, machinery, equipment rentals/leases, business loans or mortgage on business property, capital payments due for improvements/construction, invoices and statements, disputed bills and problem debts. In a debt-for-equity swap, a company's creditors generally agree to cancel some or all of the debt in exchange for equity in the company. Debt for equity deals often occur when large companies run into serious financial trouble, and often result in these companies being taken over by their principal creditors. This is because both the debt and the remaining assets in these companies are so large that there is no advantage for the creditors to drive the company into bankruptcy. Instead the creditors prefer to take control of the business as a going concern. As a consequence, the original shareholders' stake in the company is generally significantly diluted in these deals and may be entirely eliminated, as is typical in a Chapter 11 bankruptcy. Debt-for-equity swaps are one way of dealing with sub-prime mortgages. A householder unable to service his debt on a $180,000 mortgage for example, may by agreement with his bank have the value of the mortgage reduced (say to $135,000 or 75% of the house's current value), in return for which the bank will receive 50% of the amount by which any resale value, when the house is resold, exceeds $135,000. A debt-for-equity swap may also be called a "bondholder haircut". Bondholder haircuts at large banks were advocated as a potential solution for the subprime mortgage crisis by prominent economists: Economist Joseph Stiglitz testified that bank bailouts "are really bailouts not of the enterprises but of the shareholders and especially bondholders. There is no reason that American taxpayers should be doing this". He wrote that reducing bank debt levels by converting debt into equity will increase confidence in the financial system. He believes that addressing bank solvency in this way would help address credit market liquidity issues.
https://wn.com/What_Is_Debt_Restructuring_What_Does_Debt_Restructuring_Mean_Debt_Restructuring_Meaning
Robert Kiyosaki: On Debt / Using low rate financing to invest in Texas real estate
5:02

Robert Kiyosaki: On Debt / Using low rate financing to invest in Texas real estate

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  • Duration: 5:02
  • Updated: 01 Jul 2012
  • views: 45073
videos
Robert Kiyosaki sits down with Kurt Carlton, CEO of Sherman Bridge Lending and Andrew Welker, CEO of New Western. This video is on the importance of having a financial education. Robert describes how favorable the current mortgage rates are for investing in real estate in Texas. He also describes how to save money on your taxes through real estate. Kiyosaki states he mainly invests in distressed houses and apartment buildings in Dallas, Fort Worth and Houston investment real estate. He is also a big proponent of using leverage such as hard money to get your investment deal done. New Western is a Texas based company that provides investment properties for real estate investors www.NewWestern.com and Sherman Bridge Lending provides rehab lending for real estate investors www.ShermanBridge.com.
https://wn.com/Robert_Kiyosaki_On_Debt_Using_Low_Rate_Financing_To_Invest_In_Texas_Real_Estate
Current Liabilities Accounting (Refinancing Short Term Debt With Long Term Debt)
12:13

Current Liabilities Accounting (Refinancing Short Term Debt With Long Term Debt)

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  • Duration: 12:13
  • Updated: 17 Jan 2013
  • views: 7414
videos
Accounting for the refinancing of a current liability using long term debt or equity (after the balance sheet date & before the balance sheet is issued), when to reclassify short-term debt to long-term debt ?, Refinancing a short-term obligation on a long-term basis means either replacing it with a long-term obligation or with equity securities, or renewing, extending, or replacing it with short-term obligations for an uninterrupted period extending beyond one year (or the operating cycle, if applicable), Refinancing criteria: To exclude short-term debt from current liabilities both of the following must be met: 1-Must intend to refinance the debt on a long term basis so that it will not require use of working capital and 2-Must demonstrate an ability to refinance the debt, Short-Term debt paid off after balance sheet date and later replaced by Long-Term debt, how should the short term debt be classified depends on when the long term debt was issued to replace the short term debt, 1-No if it used existing current assets before long-term financing was obtained or 2-Yes if long term debt was issued before the short-term liability was paid off, Portion of short-term debt to be excluded from current liabilities may not exceed proceeds from new debt or equity securities used to retire short term debt, report both current liability portion and long term portion refinanced, detailed accounting calculations and discussion by Allen Mursau
https://wn.com/Current_Liabilities_Accounting_(Refinancing_Short_Term_Debt_With_Long_Term_Debt)
Looking to refinance existing debts via dollar: Essar Port
9:01

Looking to refinance existing debts via dollar: Essar Port

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  • Duration: 9:01
  • Updated: 13 Sep 2013
  • views: 15
videos
Wwatch: "Kanhaiya Kumar's Full Speech at JNU Campus" → https://www.youtube.com/watch?v=_df-48pHzCA -~-~~-~~~-~~-~- Looking to refinance existing debts via dollar: Essar Port For more information: Subscribe - www.youtube.com/etnow to get latest business news,analysis and updates. Follow - www.dailymotion.com/etnow to get latest video updates.
https://wn.com/Looking_To_Refinance_Existing_Debts_Via_Dollar_Essar_Port
refinance debt consolidation mortgage
7:16

refinance debt consolidation mortgage

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  • Duration: 7:16
  • Updated: 20 Apr 2009
  • views: 504
videos
http://ramyourdebt.com Get your free video loaded with secrets of debt consolidation and elimination with a refinance mortgage. Pay off all your credit debt, including your mortgage, in 5 to 7 years.
https://wn.com/Refinance_Debt_Consolidation_Mortgage
Dave Ramsey's Debt Myths - Should You Pull Money Out of Your House to Pay Credit Card Debt?
7:37

Dave Ramsey's Debt Myths - Should You Pull Money Out of Your House to Pay Credit Card Debt?

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  • Duration: 7:37
  • Updated: 09 Feb 2018
  • views: 161
videos
In this episode, I continue with series on the debt/money myths discussed by Dave Ramsey in his book The Total Money Makeover. Today we discuss whether it is a good idea to refinance your house or take out a Home Equity Line of Credit (HELOC) to consolidate your credit card debt. Check out our online tutorials, templates, and forms at http://Legal.Coach
https://wn.com/Dave_Ramsey's_Debt_Myths_Should_You_Pull_Money_Out_Of_Your_House_To_Pay_Credit_Card_Debt
How To Pay Off Student Loans?
5:27

How To Pay Off Student Loans?

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  • Duration: 5:27
  • Updated: 27 Jan 2016
  • views: 134014
videos
Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
https://wn.com/How_To_Pay_Off_Student_Loans
You know you can refinance your mortgage and pay off your debts
2:36

You know you can refinance your mortgage and pay off your debts

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  • Duration: 2:36
  • Updated: 25 Apr 2017
  • views: 2
videos
https://wn.com/You_Know_You_Can_Refinance_Your_Mortgage_And_Pay_Off_Your_Debts
Short-Term Obligations Expected to Be Refinanced | Intermediate Accounting | CPA Exam FAR | Ch13 P 2
25:23

Short-Term Obligations Expected to Be Refinanced | Intermediate Accounting | CPA Exam FAR | Ch13 P 2

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  • Duration: 25:23
  • Updated: 06 Oct 2015
  • views: 11471
videos
Short-term obligations are debts scheduled to mature within one year after the date of a company's balance sheet or within its operating cycle, whichever is longer. Some short-term obligations are expected to be refinanced on a long-term basis. These short-term obligations will not require the use of working capital during the next year (or operating cycle, if longer).10 At one time, the accounting profession generally supported the exclusion of short-term obligations from current liabilities if they were “expected to be refinanced.” But the profession provided no specific guidelines, so companies determined whether a short-term obligation was “expected to be refinanced” based solely on management's intent to refinance on a long-term basis. Classification was not clear-cut. For example, a company might obtain a five-year bank loan but handle the actual financing with 90-day notes, which it must keep turning over (renewing). In this case, is the loan a long-term debt or a current liability? Another example was the Penn Central Railroad before it went bankrupt. The railroad was deep into short-term debt but classified it as long-term debt. Why? Because the railroad believed it had commitments from lenders to keep refinancing the short-term debt. When those commitments suddenly disappeared, it was “good-bye Pennsy.” As the Greek philosopher Epictetus once said, “Some things in this world are not and yet appear to be.” Refinancing Criteria To resolve these classification problems, the accounting profession has developed criteria for determining the circumstances under which short-term obligations may be properly excluded from current liabilities. A company is required to exclude a short-term obligation from current liabilities if both of the following conditions are met: 1.It must intend to refinance the obligation on a long-term basis. 2.It must demonstrate an ability to consummate the refinancing. [7]11 Intention to refinance on a long-term basis means that the company intends to refinance the short-term obligation so that it will not require the use of working capital during the ensuing fiscal year (or operating cycle, if longer). The company demonstrates the ability to consummate the refinancing by: (a)Actually refinancing the short-term obligation by issuing a long-term obligation or equity securities after the date of the balance sheet but before it is issued; or (b)Entering into a financing agreement that clearly permits the company to refinance the debt on a long-term basis on terms that are readily determinable.
https://wn.com/Short_Term_Obligations_Expected_To_Be_Refinanced_|_Intermediate_Accounting_|_Cpa_Exam_Far_|_Ch13_P_2
Secret to Get Out of Credit Card Debt in 5 Steps! (I wish someone told me this)
12:45

Secret to Get Out of Credit Card Debt in 5 Steps! (I wish someone told me this)

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  • Duration: 12:45
  • Updated: 23 Dec 2016
  • views: 21814
videos
I was in debt like many people, and it was eating me ALIVE!! Lol. But I found the way out! Step #1= 0:44 Stop Using Your Credit Cards Immediately Step #2= 1:47 Research Consolidation Loans Step #3= 3:49 Open A Zero % Intro Rate Credit Card Step #4= 4:47 Refinance Everything! Cars, Homes Loans, Credit Step #5= 8:16 Take Advantage of the Balance Transfer Offer
https://wn.com/Secret_To_Get_Out_Of_Credit_Card_Debt_In_5_Steps_(I_Wish_Someone_Told_Me_This)