100% Mortgage Financing

100% Financing Or No Down Payment

Non-prime lenders such as Physician Mortgage Loans, now offer financing packages with zero down. Interest rates are higher on these types of loans, but they make purchasing a house easier. And unlike a conventional loan, there is no private mortgage insurance required. There are several types of zero-down mortgage packages, each with their own requirements.

Physician Home Loans

Although many doctors will have higher than average incomes, unfortunately  they have much higher student loan debts that can range from $500,000 to over $1 Million.  Physician  mortgage loans have been in great demand due to the 14,000 plus medical students graduating each year.

Physician Mortgage Loans
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Types Of Zero-Down Loans

100% financing, as it names implies, offers complete financing of your property. The other option, 80/20, finances your mortgage with two loans. Both loans may be carried by your lender, but sometimes the seller or a second lender is required to carry the 20% mortgage.

100% financing is easier to deal with, but not all lenders will offer this type of home loan. 80/20 financing is more common, but takes some negotiation if the seller is involved.

Qualifications For Zero-Down

Each lender has their own criteria for determining who will qualify for a zero-down loan. Most sub-prime lenders require any bankruptcies or foreclosures to have been at least twelve months ago. A conventional loan requires these to be discharged two to four years ago. However, there are some other alternative programs offered at the American Mortgage Association.

While a credit score of 600 or higher is best, large cash reserves can also qualify you. Six to twelve month’s worth of cash reserves in the form of savings, money market, or other liquid assets are considered ideal.

If you choose 80/20 financing with the seller carrying the second mortgage, you can qualify with sub-prime lenders with a score of 500.

Zero-Down Sub-prime Lenders

You can find zero-down non-prime mortgages with both conventional and niche sub-prime lenders. Make sure that you request quotes from as many mortgage lenders has possible to be sure you find the lowest rate and best terms.

You will also want to decide what type of mortgage you want. An ARM is easier to qualify for and has lower rates. A fixed rate mortgage offers the security of a constant interest rate over the life of your loan.

Typically an ARM will be a better deal if you plan to refinance within a couple of years. After you have improved your credit history, you can refinance for a conventional mortgage with low interest rates.


Terms Every Mortgage Holder Should Know

Getting a mortgage can be a very confusing and challenging process to say the least. There is a lot of paperwork to sign, documents to read and procedures to be followed. You would probably think you were applying to go to an Ivy League school, except they don’t require that much paperwork for you to be admitted! Although getting a mortgage can be a confusing process, there are several terms that every mortgage holder should know to better understand what he is she is getting into and this is recommended by the American Mortgage Association.

Going into a mortgage knowing just a few facts will help you immensely in understanding what type of commitment you are getting into.

The first term you should understand is, amazingly, the word “term”. Term refers to the length of the mortgage you are taking out – or the amount of time you are making payments.

Many mortgages run the gauntlet of between seven and thirty years. The longer the mortgage, typically the lower your monthly payment will be and the more interest the mortgage company makes. Generally speaking, you should go for the shortest term you can comfortable afford – you’ll save potentially tens of thousands and in some cases potentially over a hundred thousand dollars in interest by keeping the length of the mortgage as short as you can.  Physician Home Loans even offer programs to pay off your mortgage as early as 5 to 7 years.

Physician Mortgage Loans

Next, understand the interest rate on your mortgage and how it is calculated. The interest rate refers to the amount of interest charges you will pay for the money you are borrowing, expressed as a decimal – such as 3.25 for 3.250%. Is it fixed or adjustable? In other words, is it the same through the life of the loan or does it change at specified periods in time? Most home buyers should try and steer clear of adjustable rate mortgages even though they can look better up front. They can often reset to higher interest rates and come back to bite you if you aren’t ready for a jump in your monthly payments!

Finally, understand what closing costs are and how they are going to affect your purchase price. Often times, you are going to be responsible for coming up with these closing costs out of your own pocket. Closing costs consists of things such as appraisals done on the house, attorney fees, notary fee, deed fee – if there is a fee they can think of it usually falls under the term closing costs! Be a smart and savvy consumer, if you see a fee that you don’t understand or doesn’t seem right – speak up! Some mortgage lenders try to sneak in any fee they can think of to make a few extra dollars profit.  This can be prevented if you are a member of the American Mortgage Association.

Understanding these three terms can help make you a more informed home buyer and help you find the mortgage that is right for you. As with any product, it is important to shop around for a mortgage when you are considering buying a house. Even a small change in the interest rate between two lenders can often to amount to thousands of dollars in savings. Don’t be afraid to comparison shop – it’s your money after all!

Mortgage Loan

Mortgage Loan

In the past decades, it was believed that a mortgage loan is a mortgage loan no matter whichever is chosen. But this theory is not workable anymore because of the many mortgage loan products available in the market.  The American Mortgage Association was founded to help consumers with the American Mortgage process with the consumer interest as primary.

So, before choosing a mortgage loan, it is very important to decide which one is right for you. Finding the right mortgage loan means balancing your mortgage options with your housing requirements and financial picture, now and in the future. Also the right mortgage is not just having the lowest interest rate but much more than that. And this “much more” will be determined by your personal situation. Your personal situation and your limits to pay for monthly mortgage payments can be evaluated by answering the following questions:


  • What is your current financial situation (including income, savings, cash reserves and debt-to-cash ratio)?
  • How you expect your finances to changeover in the coming years?
  • Have you plan to return the mortgage loan before retirement?
  • How long you intend to keep your house?
  • How comfortable you are with your changing mortgage payment amount?
Physician Mortgage Loans
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The answers to these questions will give you the idea of your financial position. Now the next step is to decide two key options:


  • mortgage length,
  • type of interest rate (fixed interest rate or adjustable interest rate).

Recently there are specialize loans such as physician mortgage loans, which are designed for doctors and medical professionals.

There even special loan programs for teachers and other industry related programs.

The length of mortgage loan can be minimum 15 years; can be 20, or at maximum 30 years. While selecting a fixed or adjustable interest rate you should be aware of the facts that the adjustable interest rate mortgage is more risky because the interest rate will change, while a fixed-rate loan offers more stability because of the locked-in rate. You will be able to pay off a shorter-term loan more quickly, but your monthly payments will be substantially higher. Long-term fixed-rate loans are popular because they offer certainty, and many people find that they are easier to fit into their budget. Although, in long run they will cost you more, but you will have more available capital when you need it, and you will be less likely to default on the loan should an emergency arise.


In the light of above mentioned aspects, it is clear that the key to select the right mortgage loan for your needs should fit comfortably into your entire financial picture, that is having payments within your budget and comfortable level of risk connected to it.

Refinance Your Mortgage

Refinancing Mortgages

Refinancing both your first and second mortgages will result in one low monthly payment that could save you thousands in interest charges. At American Mortgage you can combine both mortgages, you qualify for lower rates than if you refinance separately. You can see a significant savings with your second mortgage refinance, which is often several points higher than your first mortgage rates. You will also save on application fees and other closing costs.

American Mortgage

Strategies To Lower Your Mortgage Payment

You have a couple of options to lower your mortgage payment when refinancing. The first choice is to find a low rate mortgage. So even if you choose the same length for your loan, you will still see a savings in your monthly mortgage bill. Adjustable rate and interest only loans will give you the lowest payments, at least at the beginning of your home loan. But a fixed rate loan can also give you reasonable rates with security that they won’t rise in the future.

The other option is to extend your loan term, especially in the case of your second mortgage which usually is for five to ten years. By consolidating your loans to a thirty year loan, you lengthen your payment schedule for principal, so you have a smaller payment. However, your interest rate and charges will be higher than with a shorter term.

Getting The Best Loan

Once you determine the type of loan and terms you want, do your shopping for a good lender to save even more money.   American Mortgage  has Lenders which will vary in how much they charge for closing costs and interest rates. The APR will tell you how loans compare overall, both in terms of rates and closing costs.

But if you are planning to move or refinance again in the future, then be wary of paying high closing costs. Even if they secure you a lower rate, you will only see a savings if you keep the mortgage for several years.

Don’t base your lender decision based on posted loan rates. Ask for a personalized loan quote based on your general information. With more accurate numbers, you can make an informed choice as to who has the best financing for you.

Oxycontin Rehab

Getting Rehab for Oxycontin Addiction

Struggling with an OxyContin addiction can be crippling. Get help in the form of rehab to finally move past your addiction and reclaim your life and health.  Aetna Better Health of Louisiana offers Medicaid coverage for behavioral health.

Learn About the OxyContin Rehabilitation Process

OxyContin is one of the most highly addictive opioids. Although it is widely prescribed to patients by doctors to treat pain caused by conditions ranging from back problems to cancer, it is also known for being highly addictive. Unfortunately, the medication is frequently abused and often shared with others who don’t have a prescription for it. If you are struggling with an addiction to this substance, it’s important to learn about OxyContin rehab and how it can help you.  You might want to consider an inpatient drug rehab Medicaid facility.

What are the Signs of OxyContin Abuse?

There are certain signs and symptoms to be aware of regarding OxyContin abuse. You may experience all or a combination of a few of these signs:

• Clammy hands
• Confusion
• Depression
• Difficulty breathing
• Dilated pupils
• Fatigue
• Feeling of disorientation
• Loss of appetite

Without rehab, a person addicted to OxyContin can experience more serious and even life-threatening side effects. They include:

• Coma
• Convulsions
• Gastrointestinal distress
• Heart problems
• Memory loss
• Overdose that can be fatal
• Pain in muscles or even in the bones
• Respiratory issues
• Severe anxiety or depression
• Severe withdrawal
• Suicidal thoughts

The OxyContin Rehabilitation Process

When you finally acknowledge that you have a serious problem, you may want to seek OxyContin rehab. Many individuals choose outpatient rehab, but inpatient is probably the better option because it’s more intensive and involves staying at a rehab facility where you’ll be monitored around the clock by skilled healthcare professionals.

single life settlement option

Withdrawal occurs frequently during the detox process as the drug is being eliminated from the body. Generally, this process is not life-threatening, but it can be difficult for many people. That is why inpatient rehab is so essential. The severity of the withdrawal process depends on the length and extent of your addiction.  AmeriHealth Caritas Louisiana now offers health coverage for behavioral health.

Therapy sessions after the detox process are important when you are struggling with addiction. Individual, group and family therapy are vital to ensuring that you maintain your newfound sobriety. Therapy can help you to get a better perspective by enlightening you as to why you started abusing OxyContin in the first place. You can also gain valuable tools that can last your lifetime. Therapy is essential in helping you to acknowledge certain triggers and behaviors so that you can learn to avoid them.

If you need help curbing your OxyContin addiction, it’s time to get in touch with Qualis Care of America. Let us help you live a drug- and alcohol-free life you’ve always dreamed of.

Profit from Mortgage Loan Business

American Mortgage Loan Secrets

American Mortgage
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Learn the secrets you need to know in order to profit from a 1% mortgage loan.

While there are several different types of 1% mortgage loans, there are really only two major keys to winning with a 1% mortgage loan according to the American Mortgage Association.

The first key is to make sure the loan is set up correctly from the beginning.

And the second is to make sure you are using the loan correctly to gain the most benefit.

First, lets talk about how the loan works. Then we will get into how to set the loan up correctly so you can reap the financial rewards these American Mortgage loans have to offer.

To start with, 1% mortgage loans have payment options. Each month when you get your mortgage statement you will have the option to make a 30 year fixed payment, a 15 year fixed payment, an interest only payment and a minimum payment at 1%.

Although you are given several payment options, you should only select the 1% minimum payment.

Why Take This Route?

Because if you wanted to make a 30 year fixed, 15 year fixed, or interest only payment, you would be better off getting that type of loan. Typically, these payments are higher with a payment option mortgage loan.

If you select the 1% minimum payment your first benefit will be a significant monthly payment reduction. Your mortgage payment will likely be cut in half. Of course, this is a pretty attractive first benefit for most home owners.

To compound the effectiveness of selecting the 1% minimum payment you should save what you save. For instance, lets say you refinanced your home with a 1% mortgage loan, paid off all your credit cards, and reduced your monthly payment by $1,000 a month.

Now, if you save that $1,000 a month for yourself instead of giving it to your creditors, you will have $60,000 in cash at the end of five years – And that’s with a zero percent return.

Here is the second benefit to selecting the 1% minimum payment option:

Tax savings.

According to the American Mortgage Association, if you make an interest only payment your mortgage balance will stay the same. If you make a 1% minimum payment you are actually paying less than interest only. Therefore, you are creating deferred interest which makes your mortgage balance increase each month.

Before you get too concerned, keep in mind that deferred interest is mortgage interest and is therefore tax deductible.

Lets say your home is going up in value $2,000 a month. The 1% mortgage loan will allow you to take a small piece of that appreciation, say $500 a month, and turn it into a tax deduction.

So you are taking a small piece of your equity each month and turning it into a tax deduction. If you did not do this, all of your appreciation would be locked up in equity.

Equity is terrific and is certainly one of the many benefits to home ownership. But investing in equity will get you a zero percent return.

No one is going to cut you a check each month for the equity in your home. As a matter of fact, if you wanted to get the equity out of your home you would have to sell your home or get a loan. And you better qualify or you will not be able to get a loan.

So why not take a small piece of your equity each month, turn it into a tax deduction, and at the same time save $1,000 a month for your self? You will still have plenty of equity but with a 1% mortgage loan you will have cash AND equity.

If you do this for any length of time you will come out way further ahead financially than if you did a regular 30 year fixed or an interest only mortgage loan.

By the way, if the deferred interest is a concern, try making bi-weekly payments. Making a bi-weekly payment will reduce, and in some cases eliminate the deferred interest all together. Which means your mortgage balance would not increase.

How to set the loan up correctly:

1) The 1% payment option on these loans is only available for the first five years. But you could actually keep one of these loans for 30 or 40 years. If you select a 40 year loan your monthly payment will be lower but the payment options will not last for five years. The name of the game is to keep the 1% payment for as long as possible. So get a 30 year amortization.

2) The 30 year, 15 year and interest only payments are tied to an index. Select a slower moving index like the MTA (Monthly Treasury Average) instead of a faster moving index like the Libor (London Inter-Bank Offered Rate).

So how can you lose with a 1% mortgage loan?

Answer- depreciation.

If homes in your area are rapidly going down in value, deferred interest could cause you to become upside down in the home.

But if your area is experiencing a 3% to 5% rate of appreciation and you save what you save by making the minimum payment, a 1% mortgage loan can have an incredibly positive impact on your financial future.

For more information about 1% mortgage loans and other mortgage related topics, please visit:



Sell Your Life Insurance Policy for Cash

Selling Your Life Insurance

Selling your life insurance policy could save you from expensive premiums and lapsing. You should first learn what to do before taking this action.

single life settlement option

Things You Need to Know Before Selling Your Life Insurance Policy

There are a number of reasons why a senior may choose to sell their insurance policy to a life insurance broker. Some of these reasons include qualifying for Medicaid, planning for retirement, or just no longer needing a policy. A very common cause is that life insurance premiums are becoming too expensive to pay for with a limited budget.

What Happens When Premiums Can’t Be Paid

A premium can get so expensive that you won’t be able to afford to pay them anymore. When a premium is not paid, the insurance provider could stop providing you with coverage. They might even take away your death benefit. If you know that you can’t pay your premiums, then you could sell your policy before this happens by taking advantage of fixed amount settlement option.

The Types of Life Insurance Policies That Qualify for Being Sold
You must first learn what kind of life insurance policy you have. The types that can be sold are term, universal, and whole life insurance policies. If you are unsure, then check with your financial advisor or policyholder. Once you know you qualify, you can sell your life insurance policy.

How a Life Settlement Is Done

When you sell your life insurance policy to a broker, you’re receiving more money than the cash surrender value of the policy. At the same time, it’s less than the total death benefit. The death benefit is then owned by the broker. You could talk with your financial advisor about making a split decision. You may not have to give up the entire value of the death benefit if you want to save some for your children. Understand that eligibility may vary, especially if you’ve had that policy for years.

In addition to helping you gain more money right now, a life settlement can prevent you from losing coverage and your whole death benefit. You could save yourself from spending too much on premiums, provided you have the right kind of policy. If you want to sell your insurance policy, then be sure to contact your financial advisor or a life insurance settlement company so they can set you on the right track.

Internet Millionaires Online

Online Millionaires

Internet millionaires don’t acquire their wealth and success by luck of the draw. They know the secrets to success. These secrets are so valuable that if you implement them, you will succeed in your own Internet business and make money online fast.

There are two general types of secrets that Internet millionaires know which include external and internal secrets. We will discuss these secrets in detail in hopes that you will use them to your advantage and become an Internet millionaire yourself.

make money online fast

First, let’s look at the external secrets that Internet millionaires have in their tool kit.

Internet Millionaire Secret #1:

Internet millionaires recognize that strategy should be the foundation of any marketing plan. It is critical to have a marketing strategy and not just jump into marketing techniques. For example, we don’t have to use mass advertising anymore because mass advertising doesn’t have strength because consumers have choices. You would have wasted valuable time and money if you used mass marketing techniques without first strategizing about the state of the market.  It’s imperative that you learn to make money online with the right strategies if you want to succeed.

Internet Millionaire Secret #2:

Internet millionaires are not generalists. They focus on selling their products and services to specific niche markets. The business market in general is going in the direction of niche markets because customers have more choices regarding places to buy their products.

Internet Millionaire Secret #3:

Search for and grab untapped markets. Seek out people that have not been able to have access to your product in the past. In untapped markets, you don’t have to deal with competitors which helps keep the marketing costs down. In addition, you will be able to establish a rapport and trust with your customers.

Internet Millionaire Secret #4:

Your back end strategy is crucial to success.
You want several profit centers that allow you to sell your products and services to more customers. The back end part of your company supports these profit centers. It diversifies your business so you are bringing in money through many different areas. You can’t rely on retiring early if you only have one profit center.

Internet Millionaire Secret #5:

Try to automate as many services as possible. This will allow you to sell services 24 hours a day 7 days a week online. Automate your service centers to cut down on costs and help your customers at all hours of the day.

Internet Millionaire Secret #6:

Set up your business so that you are replaceable. You can make yourself replaceable by branding. Branding encompasses yourself or the value that you provide. Branding yourself is lucrative, but it doesn’t allow you to take a break because you have to make every decision. Branding your value, on the other hand, sells your expertise and not your time and is a very valuable asset if you want to learn to make money online.

Internet Millionaire Secret #7:

Don’t work alone; build a team to support your business venture. Create a team of marketing, business, a mentor and accountability individuals. Remember, two heads are better than one so you can discuss ideas and strategies you have for your business.

Internet millionaires also have internal secrets. An Internet millionaire has self confidence and believes in their product. They are able to make decisions quickly. They have learned the correct information and modeled others that have proven success. They are not afraid to make a mistake and realize that their job doesn’t define who they are. One of the most vital secrets is that Internet millionaires persevere and never give up no matter what obstacles cross their path.

Sell My Life Insurace

Selling Life Insurance Policy

Instead of letting a life insurance policy lapse, it may be easier to sell it for cash. Learn more about how the process works with a single life settlement option.

A Guide to Selling a Life Insurance Policy

Having a life insurance policy is important for many people because it helps families cover expenses after the death of a loved one. However, there may come a time when you can no longer afford to pay the premium or simply don’t want or need the coverage anymore. Instead of paying for something that you don’t want or need, it could be possible to liquidate it.

single life settlement option

Who Can Sell a Life Insurance Policy?

As a general rule, you must be 65 or older to sell your policy. However, exceptions can be made for those who have a terminal illness or in the event that a life insurance purchaser feels like a deal is worthwhile. While policies of any amount can be sold, those that have a value of $100,000 or more tend to sell the fastest.

What Types of Policies Can Be Sold?

Most brokers or insurance providers who buy policies prefer to purchase universal or whole-life policies. However, it is possible to find a buyer for a term-life policy or other types of policies that only provide coverage for a defined period of time. Typically, whoever acquires the policy is mostly concerned about getting more in benefits than what they will pay out while you are still alive.

What You Should Consider When Selling a Life Insurance Policy?

When you choose to sell a life insurance policy, it is important to know that the proceeds received from the sale could be taxable. However, any death benefit that is passed on to your beneficiaries is given to them tax-free. It is also important to consider that fees and commissions could reduce the amount that you get from the sale of the policy.

Selling a life insurance policy can be an effective way to make money in a short period of time. It may be possible to use that money to finance your retirement, take care of your children or create a liquid savings account. Whether you are interested in selling now or sometime in the future, it is always a good idea to know what your options are with a fixed amount settlement option.

Life Insurance Settlements

Life Insurance Settlements


Learn three reasons why taking life insurance settlements while you are still alive makes sense if you’re a senior and you can receive a lump sum payment with a single life settlement option.

Reasons to Settle Your Life Insurance While You’re Still Alive

Many seniors fail to realize that they can enjoy some of the proceeds from a life insurance policy while they are still alive. While the payout will not be as high as that given to their heirs upon their death, it is still often more than the cash surrender value. In many cases, life insurance settlements may be 20 percent of the policy’s face value. Here are some reasons that a senior might want to cash in their life insurance policy:

single life settlement option

It’s No Longer Needed

Many adults bought life insurance policies to make sure that their families were taken care of if something happened to them. This made a lot of sense at the time, but now the children have grown and become independent adults who do not need the money. Therefore, the senior may want to consider the impact that selling their policy could have on their own lifestyle.  One option you may want to consider is a single life settlement option.

It’s Reaching the End of the Coverage Period

Adults who bought term life insurance policies may be unaware that these policies have a finite coverage period. Many agents may suggest that you convert your policy to a different type of life insurance. For many seniors, however, it makes more sense to take the percentage of the face value and use the money for living expenses. Stop and think for a moment what difference 20 percent of a $1 million policy could do for your retirement plans by taking advantage of fixed amount settlement option.

It’s Hard to Make Payments

You may have struggled to faithfully pay your life insurance payment each month, but that struggle may be getting even harder. You may discover that your Social Security payment never seems to reach far enough, or perhaps you want to set aside some of the money to take care of final expenses while enjoying the rest of it. Instead of continuing to struggle, consider selling your life insurance settlement. You may discover that this gives you the money that you need to enjoy life well into the future.

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