Monday, January 7, 2013

Leatherman Super Tool 300 EOD

While the Leatherman products offer everything for everyone, how could we forget the Leatherman Super Tool 300 EOD which is a special multi tool for the working people? It is an extremely useful, handy and easy to use product for all the working people.

The larger pliers in the Leatherman Super Tool 300 EOD are one of its kind, and infact the strongest ones ever produced by the Leatherman. If you find it difficult in working with pliers in tight places, then donot worry because the Leatherman Super Tool 300 EOD easily fits in even at places where it becomes difficult to reach. The large side cut outs make the product well-liked because it facilitates easy grip and you can work with utmost comfort. Marooned, rigid and customary wire cutters all comes standards on Leatherman Super Tool 300 EOD. With the help of tool files you can easily detach and re-sharpen or revamp your tools since they all are detachable. Whether you are working or going out somewhere, all you need to carry is your little handy tool kit that can be a great help in difficult situations.

The Leatherman Super Tool 300 EOD comprises of 19 handy tools which are 420HC Clip Point Knife with Straight Edge, 420HC sheep foot serrated knife, needle nose pliers, regular pliers, 154cm removable wire cutters, 154cm removable hard wire cutters, stranded wire cutters, wire stripper, electrical crimper, 5/16" screwdriver, 7/32" screwdriver, 1/8" screwdriver, Phillips screwdriver, wood/metal file, saw, bottle opener, can opener, awl with thread loop and 9" | 22cm ruler.

It comprises of some really unique and exclusive features like stainless steel handles, stainless steel body as well as black oxide body available, all locking blades & tools, comfort sculpted handles with cut outs for access with gloves on, leather or nylon sheath and removable bit driver. Measuring merely 4.5" | 11cm and 9.6oz | 272.15g, the Leatherman Super Tool 300 EOD is a wonderful gift for the working people, especially for those who dislike carrying the whole big kit of tools. Isn?t this little device a kit in itself? Now guess what it can?t do? Is there anything that strikes you? Probably not! Because the Leatherman Super Tool 300 EOD is almost capable to do all diverse tasks and the best part is that it consumes no space at all. It can easily fit in your pocket or hang around your waist belt too.

So now if you wish to go out hunting, DIY, military tasks or off roads as well trading, donot forget to carry your safety kit- the Leatherman Super Tool 300 EOD. While you may take vacations and enjoy, your Leatherman Super Tool 300 EOD would never be ?on holiday? to help you. This is your personal assistance, your safety tool kit, your handy little friend in need-a friend indeed!

Surprisingly, if you order this product by 2 pm, guess what? You would get it on the same day itself! Isn?t that great? Packed in standard box and nylon sheath, this Leatherman Super Tool 300 EOD is at your service at the earliest.

Sunday, January 6, 2013

Are Home Equity Liens Enforceable

Home equity lending was decided into law in Texas and San Antonio begining in 1997 after the citizenry's passage of the amendment of the Texas Constitution. When this progressive law went into effect within Texas, it was comprised of many of the most thorough consumer protection provisions one can find in the nation. So what is a home equity? Home equity is simply the difference between the fair market value of your property, and the total balance of all encumbrances or liens from your property.

In general the rule that can apply in connection with enforceability of home equity lien is found in Section 50, Article XVI from the Texas Constitution. This law mentions that the homestead is exempt from forced sale to your repayment of debts that include credit card payments or satisfaction of support to an illegitimate child in addition to several others. Regardless, under the same section are a number of exceptions. If your homestead is used as security for a payment of debt, a lien on that real property is made. How then can these liens be enforceable?

Compliance with the home equity or reverse mortgage loan provisions from the Texas Constitution and the Property Code would be the requirement to get a lien to become enforceable. But what are requisites included under these pertinent laws?

The begining part of the amended law contains the terms and conditions and also the individual rights belonging to the people engaged in home-equity loan. Paragraph 6 (a) of the same section (Sec. 50) provides that the extension of credit is required to be secured with a voluntary lien in writting together with the consent of each owner and every owner's spouse. Paragraph 6 (b) states that the sum of all mortgage debt (not solely the home equity loan) must not be more than 80% from fair market value of your home. For instance, you can no longer borrow alongside your 0,000 home, if you already have an ,000 mortgage. If your mortgage on that same 0,000.00 home were ,000.00, a home equity loan is not an option because the present mortgage already is greater then 80% on the fair market value.

The homeowner should also consider that under the law, a home equity loan can only be sought one at a time against a house. While even more financing modifications may be possible, a home owner cannot insist on a second home equity loan until the very first has become satisfied completely, and just one home equity loan a year. On top of that you will discover inclusions on agricultural or open space lands. However these are not part of the operation of the home equity loan. In case the individual is unlicensed they will not be able to make the home equity loan except if they meet these requirements:

Provide seller-financing or

Related to the borrower within the second degree

Lenders are not allowed to charge fees and costs (other than interest) which adds up to over 3% from the principal of the loan. The law has procedures in place that grant penalties to lenders who break this rule and won't correct the mistake once the lender is notified.

This law has been applied in deciding Stringer & Stringer v. Cendant Mortgage Corporation (decided 2000) and in Tammy Elkins v. Bank of America, N.A. from Dallas County; 5th district where the court voided a lien on a home equity loan due to its failure to comply with Sec. 50 of Article XIV of the Texas Constitution (2007).

To find out more on home equity loans, refer to the documents released via the Office of Consumer Credit Commissioner in cooperation with the Department of Banking, Savings and Loan Department, and the Credit Union Department. These agencies offer further explanations of this law.

Wednesday, January 2, 2013

Advantages Of Home Loan Refinancing

Home loan refinancing is when an existing outstanding home loan is replaced by a new home loan that will be secured by the same asset as the prior loan.

A home loan may be refinanced for many reasons. Sometimes home loan refinancing lowers the interest rate on the loan, often resulting in lower monthly mortgage payments on the home. Other times, home loans are refinanced to get extra money that can be used to pay off different outstanding debts.

Lower interest rate payments:

It is no secret that lenders prefer low risk loans and usually offer the best interest rates to people with excellent credit. Chances are you are paying a higher interest rate if you purchased your current home with bad credit. Home loan refinancing may benefit you by reducing your interest rate and allowing you to pay more on your principal. If your situation has changed and you now pay your monthly mortgage payments on time, your credit score may reflect this improvement. Thus, you might be eligible for refinancing of your home loan at a better rate.

There are other reasons to refinance your home loan that also may qualify you for a lower interest rate. If you income has recently increased and you have paid off additional debt, your debt-to-income ratio is probably lower than when you initially took out the mortgage. Home loan refinancing would likely benefit you by getting you a lower interest rate. Another situation when refinancing your home loan makes good financial sense is when you have an interest only loan (I/O) or an adjustable rate mortgage (ARM). These products often start out at low interest rates for a short period of time and then increase substantially. Hence, many homeowners refinance these types of loans for a fixed rate option.

Refinancing is convenient:

Perhaps you are wondering whether refinancing your home loan is convenient. It all depends on your particular situation. Many financial consultants consider it worth refinancing your home if the new interest rate is at least 1.5% lower than your current rate. Moreover, if you are refinancing your current home loan for a higher loan amount to pay off higher interest rate consumer debt such as credit cards, it probably makes financial sense to do it.

Locating a lender:

Many lenders offer home loan refinancing and it is your responsibility to determine which program is best for you. Research your options. There are many online sites that offer advice and allow you to compare lender offerings to find the one that best meets your needs. These types of sites can save you time by letting you get quotes from multiple lenders in one place.

When to Ask for Help:

Never hesitate to get help from an industry professional if you think that the process is too complicated for you. Make sure you understand everything about refinancing before you act. Financial consultants and mortgage advisors are willing to help explain the process for home loan refinancing and most will provide advice on how to improve your credit score and history. You can find several online websites that can help you.