Benchmark Lending
Thursday, July 14, 2011
, Posted by Unknown at 7:58 PM
Why a Freedom Loan From Benchmark Lending is the Most Popular
Summarized by Irwan Hidayat about Benchmark Lending, sourced from Piter Gitundu
When you think of mortgages that enable thousands of people to acquire homes every year, you are thinking of the Benchmark Lending group which has provided much needed finances to get new homes or refinance the existing homes to many families for over ten years. They offer tailor made mortgages to suit the needs of customers ensuring that you can afford it. The Benchmark lending group was founded by Barney Aldridge in 1995 as a primary mortgage lending bank and it continues to grow. The headquarters are located in Northern California and their culture is to provide a good service with dedication and passion.
When you need to apply for a loan, the company assures you that the process is easy and, you do not have to worry about complications. You will have a loan officer guide you through the whole process briefing you on all vital issues on credit until you have a satisfactory end. At Benchmark lending group, the management consists of people who have mastered the industry and proved that they can deliver what it takes to progress the business. It consists of the President who is the Chief Executive officer. The others in the management team include the Director of Human Resources, Vice President of Sales and the Sales Manager.
The first kind of loan they offer is the Fixed Rate Loan where the rate does not change and one can get a loan to repay in 10, 15, 20 and 30 years. People who go for such a loan must be planning to keep their house for more than 10 years and, for those who do not plan to use their home equity for the period of the loan. The other kind of mortgage the Benchmark Lending group offer is the adjustable rate mortgage. This loan is for people who plan to keep their house for up to 10 years or less. A freedom loan from Benchmark Lending is the most popular because it is an adjustable loan that enables you to choose from 4 different payment methods according to your convenience every month. The loan is tailor made for people who do not have a regular or stable cash flow and for people who want to make other investments. Another loan suitable for people with fluctuating incomes is the Better Half loan and, it will help people with unstable monthly income realize their dream of owning a home. Before you take any mortgage, it is good to consider your income and your flexibility and ability to repay given the many options of repayments.
Peru raises benchmark lending rate
Peru’s central bank caught economists by surprise on Thursday night when it raised its benchmark lending rate to 3.25 per cent on inflation concerns arising from “international” price rises.Amid strong inflows of “hot money” that have pushed the Nuevo Sol to a two-year high of about 2.8 per dollar, the seven-member bank board had been holding rates at 3 per cent for the past three months.
The bank said the increase of 25 basis points was now warranted as “a preventive measure” against “the dynamism of domestic demand in an environment of international increases in food and energy prices”.
While inflation stood at 2.08 per cent this month, well within the Bank’s target range of 1 per cent to 3 per cent, Peruvians are understandably touchy on the subject, having lived through hyperinflation in the mid-1980s.
Policymakers have been walking a tightrope balancing inflationary fears with rapid currency appreciation as the economy grew at 9 per cent in 2010, making it one of the world’s fastest growing.
Like their peers in Brazil and Chile, who in the past week have launched fresh currency interventions, they face a quandary: while higher rates might damp inflation, they can be catnip to speculators.
The Bank has intervened repeatedly with an eye on both issues in the past year, buying billions of dollars in the foreign exchange market to soak up excess liquidity and smooth volatility, increasing reserve requirements for local banks four times, and on January 1 extending reserve requirements to overseas bank units.
