DEFINITION of ‘Zero-Coupon Bond’
A debt security that doesn’t pay interest (a coupon) but is traded at a deep discount, rendering profit at maturity when the bond is redeemed…
Convertible Bonds: Pros And Cons For Companies And Investors
There are pros and cons to the use of convertible bonds as a means of financing by corporations. One of several advantages of this delayed…
The Ins And Outs Of Corporate Eurobonds
Today’s multinational corporations (MNC) can’t rely on just a panel of banks to meet all of their funding needs, especially when those banks decide to…
Taxation Rules For Bond Investors
Every year, bond holders receive their annual 1099-INT forms and dutifully report the numbers that are listed there on their tax returns. However, there is…
DEFINITION of ‘Subsidiary’
A company whose voting stock is more than 50% controlled by another company, usually referred to as the parent company or holding company. A subsidiary…
DEFINITION of ‘Corporate Bond’
DEFINITION of ‘Corporate Bond’ A debt security issued by a corporation and sold to investors. The backing for the bond is usually the payment ability…
How to Issue Corporate Bonds
(Before following these steps you should already have a paydex (with boosted score)!) Corporate bonds are a financial tool that a business can use to…
Opening a Trust Account at a Local Bank
To open your trust account at a local bank you will need to have the following to take with you (Do NOT take additional documents…
Steps To Set Up A PAYDEX (For Free)
Log onto this site: https://www.dandb.com/?logout=true Once you’re there, you will click onto this (D&B D-U-N-S Number) it’s in the upper right hand of your screen.…
How to Get a CUSIP Number
How to Get a CUSIP Number CUSIP numbers help brokers identify specific securities. A Committee on Uniform Securities’ Identification Procedures number is given to a…
Study suggests milk is bad for bones, heart
It is starting to seem like the movie Sleeper had the future right: Foods we thought were good are bad, and bad are good. For decades in…
SPC TRAINING/MENTORSHIP PROPOSAL
Hello fellow Sovereigns, SPC’s and Members of this community, I have been studying and absorbing this material for almost the past two years now and…
Law and Morality
Everything is better. More paperwork filed and it is so crazy awesome I can’t even explain how good it is. It is another piece of…
Open Letter to M.E.C. with Reply
Hello Mary-Elizabeth: Croft, While in prison I was a part of an underground Sovereignty Group. It was made up of Investment Bankers, Lawyers, Movie Producers,…
How to Apply for a Passport
The instructions and notices with the APP spell out if something on the app did not apply to me, to line them out and supply…
Bonding Paper
To Paul Graves You can find Bond Paper in a lot of places. Office Depot, Staples, Office Max, the larger Kinkos (FedEx Stores), and even…
“Show Me The Note” A Foreclosure Defense that Works
I’m not going to hide the fact that this information comes from personal experience and need. When I made mortgage payments to Chase Home Finance,…
Common UCC DEFINITIONS
UCC DEFINITIONS Uniform Commercial Code (UCC): A code of laws governing various commercial transactions. The Uniform Commercial Code has eleven substantive articles. Article 9, Secured…
20 UCC Provisions Every Banker Should Know
If you are a banker, I urge you to keep abreast of the following UCC provisions. Section 3-104: To be a “negotiable instrument” a check…
Turmeric
10 Proven Health Benefits of Turmeric and Curcumin Turmeric may be the most effective nutritional supplement in existence. Many high quality studies show that it…
Diatomaceous Earth
Food Grade ● Fresh Water Fossil Shell Flower ● 100% Pure “There are several uses for DE, but remarkably, now, humans too can benefit…
AFV in Theory
What If We Learned How to Control the Flow and Movement of Entries, Figures and Digits, For Our Own Benefit? But what if we refused…
Special Form 95 – Road to Tort Claim
This form is often used for making claims against the Government when damages occur. Often claims are dismissed without cause if you do not have…
Secured Party Creditor
The Secured Party is an American State Citizen of the United States of America; secured and protected by the Constitution as a Principal Creditor that…
Global Elite Plan to Geologically Divide America
Of course we all know there is a plan for a New World Order by creating order from chaos, but to what measures will the…
HOW TO SIGN YOUR PAYCHECK
You already know that FRNs are not money . . . but FRNs and your paycheck are treated like money. But, they are nothing more…
Military In Skys Daily
As most of you should know, I live in the Greater Metro Detroit area located in S.E. Michigan. Daily for the past several months or…
Monthly Payment Schedules
The following schedule shows monthly payments per thousand dollars financed. To calculate your monthly payment: Find your interest rate in the first column. Move across…
WHAT ARE SOME GOOD WEBSITES CONSUMERS CAN USE TO HELP THEM?
There are probably thousands of them. Really. Your own real estate agent’s site should be chock-full of consumer information. Besides Fannie’s and Freddie’s sites, which…
CAN I TRACK MY LOAN APPROVAL ONLINE?
That depends on whether your lender has the type of system that lets you do that. If a lender or mortgage broker has the ability…
IS THERE ANY WAY I CAN CHECK ON RATES WITHOUT CONTACTING A LENDER?
Do you want to check current rates or get a history of where interest rates have been for, say, the last ten years? Do you…
CAN I GET MY LOAN APPROVAL ONLINE?
You can, but lenders won’t hand you the keys. The only thing that’s really done online nowadays is taking the loan application; a loan officer…
I KEEP GETTING E-MAILS FROM COMPANIES WITH SOME VERY COMPETITIVE OFFERS. SHOULDN’T I AT LEAST EXPLORE THEM?
No. You’re wasting your time. The e-mails you get are nothing more than spam. As a matter of fact, they’re rarely from mortgage companies. In…
SHOULD I AVOID ONLINE LENDERS?
I would suggest avoiding the pure-play online lender. Especially if you’re not familiar with the online lending process or haven’t financed very many (if any)…
WHAT HAPPENS IF I CHOOSE AN ONLINE LENDER BUT THE CLOSING PAPERS ARE ALL WRONG?
That depends upon how ‘‘wrong’’ the papers are. If it’s something minor that your settlement agent can change, it might be fixed right there at…
WHAT ABOUT ONLINE COMPANIES THAT ADVERTISE THEY WILL HAVE LENDERS ‘‘BID’’ ON MY MORTGAGE LOAN?
What a change from just a few years ago. Today you can fill out a single application online and have several lenders or mortgage brokers…
HOW CAN I USE THE INTERNET TO FIND THE BEST MORTGAGE RATE?
Carefully. But there are some good places to start. One of the bestknown websites for interest rates in general and for mortgages specifically is BankRate…
SHOULD I APPLY FOR A MORTGAGE ONLINE OR MEET WITH A LOAN OFFICER?
That’s entirely up to you. There is no right or wrong way, just personal preference. Some people feel more comfortable when they sit across the…
HOW HAS THE INTERNET HELPED MORTGAGE LENDING?
As with other industries, it’s changed the landscape. It’s fast, efficient, and highly productive. Just a few short years ago, even though people had the…
CAN A LENDER PAY ALL MY FEES?
Certainly, and there are lenders who advertise that they will pay all fees for you. And not by increasing your interest rate in order to…
WHAT’S A ‘‘ONE-FEE CLOSING’’ COST?
A few lenders have experimented with something called a one-fee quote. The industry is slow to adopt this product, and it may not catch on…
HOW CAN I GET THE SELLER TO PAY FOR MY CLOSING COSTS?
First and foremost, you have to ask. That’s part of your or your agent’s job. The seller isn’t going to give something up that he…
WHAT IS APR, AND DOES IT REALLY WORK?
If used properly, it works great. The problem is that some loan officers don’t know how to calculate the annual percentage rate ( APR ).…
HOW DO I USE A GOOD FAITH ESTIMATE TO COMPARE LENDERS?
First, you need to identify which fees count and which fees don’t. Items in the 900 and 1000 sections—the items the lender wants you to…
WHAT EXACTLY IS THE GOOD FAITH ESTIMATE?
It’s a long form, divided into six sections that are numbered— strangely I might add. The section numbers are 800, 900, 1000 , 1100, 1200,…
HOW CAN I SAVE ON TITLE INSURANCE?
If you’re refinancing, there may be discounts if you use the same title agency. Some call this a reissue of an original title report, which…
HOW CAN I SAVE ON MY CREDIT REPORT?
Your credit report, offered by an AUS, can be the source of another cost savings. In the past, the Residential Mortgage Credit Report (RMCR) would…
HOW CAN I SAVE ON MY APPRAISAL FEES?
A typical fee for a conventional appraisal is $300. But with the advent of AUS applications, sometimes those approvals also come back with reduced appraisal…
ARE FEES FOR PURCHASES AND REFINANCES THE SAME?
They can be, but some of them will be different. When refinancing, you can get discounts for reissued title policies, and if your lender requires…
ON WHICH CLOSING COSTS CAN I SAVE AND WHICH ONES CAN I FORGET ABOUT?
You can only save on closing fees that can be negotiated. Some fees are set in stone by the individual company, while still other charges…
WHY DO LENDERS CHARGE FEES?
Because they can. If your local market has established that most lenders charge a $200 application fee, then you can expect that fee. Lenders charge…
WHY ARE THERE SO MANY CHARGES?
Because there are a lot of different businesses that are active in your account. Nonlenders charge to cover their services. So do lenders. But lenders…
WHAT TYPES OF CLOSING COSTS CAN I EXPECT?
You can expect a lot of them, most of which you will never pay again until you get another mortgage. Closing costs can vary based…
WILL LENDERS DRAG THEIR FEET TO MAKE A LOCK EXPIRE?
You may be the victim of someone trying to squeeze a little bit more out of you by using market gains. If you’ve been cruising…
WHAT HAPPENS IF I LOCK AND RATES GO DOWN?
There are a few options available to you when you lock in your interest rate and rates move down immediately afterward. If you have a…
WHAT HAPPENS IF MY RATE LOCK EXPIRES AND I STILL HAVEN’T CLOSED MY LOAN?
Be prepared to get the higher rate, either whatever rate you locked in or the prevailing rate. Most lock agreements will explain this requirement, but…
DOES MY LOCK MEAN I’M APPROVED?
No. A common misconception is that a lock agreement is also a loan approval. It’s not; it’s an interest rate guarantee. If you lock in…
HOW DO I LOCK IN MY MORTGAGE RATE?
You have to specifically request an interest rate lock, because it’s not automatic. Just because your good faith estimate has a rate on it doesn’t…
WHAT DO I DO WITH MY TWO BEST QUOTES?
Compare the APRs on each offering, then ask for concessions. Yes, you’ve worn them down and made them compete against other lenders, but you still…