A Bean Bag Chair With

Whenever it comes to home loans, there are two options available. They are home equity loans and refinancing home loans. As compared to the two, the expert opinion is that the latter is a much better option as compared to the former. Let us now analyze the reasons for the same.

What are advantages of refinancing as compared to other types of loans?

1) Interest Rate: Refinancing has a lower interest rate while other finance options have steep interest rates. This is one main reason why it is considered better than other home loans especially in situations of bad credit. It is much more expensive and costs a lot more dollars if you opt for equity option for loans.

2) Refinance Loan: Many feel that home equity loans are better as you can get 100% of the value of the house as a loan. However, it is better to take a minute to reconsider this point. Financial institutions allow you to refinance only up to 75 to 80 percent of your house value for a good reason. This is a check point for you to access your financial position and to make sure you do not accumulate more debts than your assets can manage. Therefore, if you refinance, then if you need more money later for some remodeling, etc., then you can fall back on the other loans.

3) Use of home equity: this finance option should be used only in emergency situations. For instance, it should be used when you need quick cash without hassles like when you want to get off a credit card debt or when you need money for an immediate medical surgery. Only when no other option is available, opt for this type of borrowing. This is because you cannot get a loan approval immediately in emergencies and this borrowing option can fish you out of such sticky situations. However, if you use these loans without any forethought, in a negligent manner, you will get caught in a rut. Therefore, use your special finance option carefully.

It is apparent, from the above, that refinancing is a much better option as compared to home equity and thus, should be used as the first choice. Only when you need cash urgently without many formalities, you should go in for the latter option.

http://www.homemortgagewhiz.com/index.html

If you are a learner driver and either have a car, or know someone who's willing to let you use theirs, it could be useful to practice with between your driving lessons.

First of all the rules:

1. You must display L-Plates clearly front and back.

2. You must have a valid signed provisional license.

3. The car must be roadworthy, legal and current car insurance for you to drive.

4. You must be supervised. This person must be over 21 and have held a license for at least 3 years, and sit in a position where they could control the car if needed (front passenger seat is the sensible choice)

So, now you're out on the road, you need to remember a few things. The person sat next to you has very little control over the car, which means you've got to be confident that you can stop the car in an emergency. Also, you supervising driver is not a driving instructor, so be careful if they are telling you to do things that go against what you have been taught.

This can be the tricky part, but a bit of diplomacy can help here. Best to choose the person carefully. They need to be fairly relaxed. What you don't want is them grabbing for the wheel every time you go round a parked car. If you don't feel comfortable with the person who's supervising you, either ask someone else, or best not to go out at all.

Private practice can help many people with learning to drive, but it can also get you into bad habits, and make you less confident if something happens that you can't deal with.

If your not sure, get some advice from your driving instructor.

Rob Laird - ADI
http://www.rpldriving.com
Driver Training In Essex