Fairfield Funding, Georgia’s leading provider of structured settlement and annuity purchasing services, has hired new staff to accommodate the tremendous growth in the structured settlement division and improve customer service. David Gentile and Piotr Lubczynski have just joined the growing Atlanta based financial company. They both have extensive experience in customer relations and account management.
Scott Dingman, Managing Partner at Fairfield Funding, says: “we are very excited with the tremendous growth in our structured settlement division. In order to ensure that we are continuing to provide our customers with the highest level of service we are very pleased to announce that Piotr and David have joined the Fairfield family.”
The structured settlement funding segment is very specialized and given the high number of players within the space, it is also very competitive. Fairfield Funding’s growth was achieved thanks to the attention to details, fast execution and above all excellent customer care. The structured settlement company is a direct funder and in combination with a continuous focus on streamlining operating costs, the financial firm is able to pass considerable savings on customers. Attentive customer service combined with lower costs explains the current successful growth.
Fairfield Funding extensive suite of structured settlement funding services includes cash for annuity, cash for settlement, cash for structured settlement payments, cash for lottery, pre-settlement, life settlement, and other annuities. The goal of the experienced funding services team is to deliver funding solutions targeted to clients’ individual and unique needs and allowing them to get the most cash from their structured settlement. In most cases the friendly Fairfield Funding consulting team recommends its clients to keep as much as possible of their structured settlement payments and only use the minimal amount to reach their financial needs. Structured settlements can be converted into cash payments either in full or in part. By choosing to sell portions of a structured settlement, the transaction can be customized so that both a lump sum of cash is received while the steady cash flow provided by the annuity payments continues.
“I really enjoy working closely with each customer to develop a solution that fits their current needs.” Piotr Lubczynski.
Fairfield Funding (a Division of APIS) is a full service funding company specializing in the purchasing and funding of structured settlements, life settlements, pre-settlement, lottery, and other annuities. Collectively, Fairfield Funding management has over 50 years of experience in the financial services arena. The Atlanta based company is specialized in meeting the short-term financial needs of its clients through low cost funding transactions. Savings from low operating costs are passed on to its clients.
Source
Saturday, November 28, 2009
Sunday, November 15, 2009
Planning is key to success
Australian consumers like to think of themselves as financially literate people, able to assess financial products and make an informed choice. Paul Ryan disagrees.
Ryan is a founder of a website called Home Loan Hints, which offers borrowers an opportunity to ask questions about mortgages.
Ryan says: “It is true that we know more about finance than we did a decade ago but we are still not good at doing the preparation before going out to get a loan or reviewing the loan. We are not good on the detail. Ask people what their home loan or credit card interest rate is and most can't tell you.”
Ryan is also the head of non-bank lender and broker Opportune Home Loans. He says he set up Home Loan Hints without any Opportune branding because he felt that borrowers needed an independent source of advice. He has assembled a panel of home-loan experts to answer the questions.
The questions and answers stay on the site so browsers can consult them. Questions cover whether to fix loans, buying investment properties, the pros and cons of reverse mortgages, government grants, insurance and how to work out loan serviceability.
Ryan recommends borrowers attend to a few important matters before they go looking for a home loan. “Many young borrowers have no idea about their credit rating. Apart from the past couple of years, credit has been very easy to get and people have become accustomed to applying for multiple credit cards and store finance. They do not realise that each time they apply for credit it goes on their credit file.
“Their credit rating is something they have to look after," he says. "They should get a copy of their credit rating and make sure there are no mistakes on it.”
Ryan says savings are critical. Most lenders now require a minimum 5 per cent of “genuine” savings before they will consider providing mortgage finance. That means deposits that did not come from government grants or gifts from parents.
Borrowers need to look at different loan options and work out what features they want. “People need to assess this question critically. A lot of people end up paying a premium for redraw and offset functions they never use. A cheap, basic variable-rate loan might serve them just as well,” he says.
Ryan says lenders will assess the borrower's ability to service a loan based on interest rates that are 2 percentage points higher than the current rates. People can easily check that out for themselves. “People ask a lot about costs involved in making additional payments, paying a loan out early and so on. This is after they have taken the loan out. These are things that should be checked out before signing a contract.
“They should have a plan to review their loan on a regular basis, either with the lender, a broker or on their own. They need to keep a list of their requirements when they borrow and then refer back to that list to make sure the loan is meeting their needs."
How to bridge the gap
Finding bridging finance is one of the most difficult tasks a property buyer can face, says Opportune Home Loans director Paul Ryan. “Bridging finance is expensive and
hard to find. If you have bought a new property before the old one is sold, the first thing you have to do is negotiate a long settlement period on the purchase and
arrange the sale of the old property as quickly as possible.”
Ryan says the most popular bridging loan with the loan writers he knows is St George’s Relocation Home Loan. The loan is structured so the borrower only
borrows the amount of the deposit for the new property at purchase and then draws down the balance at settlement.
Source
Ryan is a founder of a website called Home Loan Hints, which offers borrowers an opportunity to ask questions about mortgages.
Ryan says: “It is true that we know more about finance than we did a decade ago but we are still not good at doing the preparation before going out to get a loan or reviewing the loan. We are not good on the detail. Ask people what their home loan or credit card interest rate is and most can't tell you.”
Ryan is also the head of non-bank lender and broker Opportune Home Loans. He says he set up Home Loan Hints without any Opportune branding because he felt that borrowers needed an independent source of advice. He has assembled a panel of home-loan experts to answer the questions.
The questions and answers stay on the site so browsers can consult them. Questions cover whether to fix loans, buying investment properties, the pros and cons of reverse mortgages, government grants, insurance and how to work out loan serviceability.
Ryan recommends borrowers attend to a few important matters before they go looking for a home loan. “Many young borrowers have no idea about their credit rating. Apart from the past couple of years, credit has been very easy to get and people have become accustomed to applying for multiple credit cards and store finance. They do not realise that each time they apply for credit it goes on their credit file.
“Their credit rating is something they have to look after," he says. "They should get a copy of their credit rating and make sure there are no mistakes on it.”
Ryan says savings are critical. Most lenders now require a minimum 5 per cent of “genuine” savings before they will consider providing mortgage finance. That means deposits that did not come from government grants or gifts from parents.
Borrowers need to look at different loan options and work out what features they want. “People need to assess this question critically. A lot of people end up paying a premium for redraw and offset functions they never use. A cheap, basic variable-rate loan might serve them just as well,” he says.
Ryan says lenders will assess the borrower's ability to service a loan based on interest rates that are 2 percentage points higher than the current rates. People can easily check that out for themselves. “People ask a lot about costs involved in making additional payments, paying a loan out early and so on. This is after they have taken the loan out. These are things that should be checked out before signing a contract.
“They should have a plan to review their loan on a regular basis, either with the lender, a broker or on their own. They need to keep a list of their requirements when they borrow and then refer back to that list to make sure the loan is meeting their needs."
How to bridge the gap
Finding bridging finance is one of the most difficult tasks a property buyer can face, says Opportune Home Loans director Paul Ryan. “Bridging finance is expensive and
hard to find. If you have bought a new property before the old one is sold, the first thing you have to do is negotiate a long settlement period on the purchase and
arrange the sale of the old property as quickly as possible.”
Ryan says the most popular bridging loan with the loan writers he knows is St George’s Relocation Home Loan. The loan is structured so the borrower only
borrows the amount of the deposit for the new property at purchase and then draws down the balance at settlement.
Source
Subscribe to:
Comments (Atom)