Sunday, January 12, 2014

Ford Motor Company: Driving Safely Into The Future

As one financial analyst remarked recently, if business were politics, Detroit would be the Middle East. However, in the midst of one of the worst auto depressions in history, Ford Motor Company seems to be thriving. Or, at least doing better than its competitors.

Case in point: Ford's F-150 pickup truck is currently the best-selling vehicle of any type in the United Sates, and it doesn't look like it may be in danger of losing this title any time soon. But, it's the compact, fuel-efficient cars like Ford Focus that give us a glimpse of what the future may hold for this automobile giant.

Ford Focus symbolizes the company's turnaround. This car, built on a platform that allows the auto manufacturer to produce half a dozen different cars from the same components, is designed to sell around the globe. Ford expects to sell more than a million of these vehicles this year.

The company, it seems, put the last traces of the recession in the rearview mirror. They not only avoided bankruptcy and federal bailout, but turned into the world's most profitable automaker. The transformation, however, hasn't happened overnight.

Upon taking the CEO job at Ford in 2006, Alan Mulally went on a crusade to save the Ford. Because of the economic recession, Ford Motor Company had to match its current production to the lower demand. They set about reworking some of the traditional models, and adding the new ones. The company got rid of its European car brands that were acquired under the previous leadership, and sold the customer-services operations. They focused all of their resources on the Ford brand.

All this unfortunately proved insufficient to save the company. Ford was forced to mortgage its most valuable assets - just to keep the company going, and hopefully finance the much-needed restructuring. This massive loan was taken just two years before the financial crisis hit, making credit unavailable. Thus, unlike its competitors, Ford had enough money to ride out the economic downturn. A desperate move turned out to be the right thing to do at the right time!

Today, Ford Motor is moving to integrate the company globally. Despite failing in the past, their Ford Fiesta compact is back in Japan. Both Fiesta and Fusion midsize sedan sales are growing at record rates. The second-largest of the Detroit carmakers, and one of the greatest automobile manufacturers of all time, Ford Motor Company has successfully regained its position as an American icon and is now looking to sell cars to the whole world.

What Does It Mean To Have A Reverse Mortgage?

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With the population getting elder, and that wave of baby boomers reaching retirement age and beyond, a new way to lend and borrow money was required. Not every single retiree would have a surefire retirement plan or enough savings to continue on for twenty years or more.

However, many retirees do have homes that are paid off or mostly paid off, and this is where the mortgage industry stepped in and created a brand new product as a solution to the problem.

What Is a Reverse Mortgage?

A reverse mortgage is a loan where the homeowner borrows money with their home as collateral just like any other mortgage. However, in this scenario the borrower already owns the home and several of the regular rules and parameters don't apply.

For one, someone taking out a reverse mortgage does not have to make any payments on the loan and their credit history is largely irrelevant. Since there are no payments, there doesn't have to be any income, either. The person taking out the mortgage has the amount of the loan to use as their living money throughout their retirement years. Since the home is being used as collateral for the loan, the condition is that it must be sold when the owner passes away or decides to move, in order to repay the mortgage. Sometimes, the heirs are able to decide whether they want to sell the home to repay the mortgage or just repay the loan themselves and keep the home.

How Does the Process Work?

Naturally, a reverse mortgage is a welcomed option for many retirees who own their own home. It enables them to access a large amount of cash at a time when they might not have much to go around. Of course, an agreement like this must have several legal parameters in order to benefit both the borrower and the lender.

To begin, a lender in a reverse mortgage situation must guarantee that the balance of the loan will never exceed the fair market value of the home. Meaning, the borrower can never owe more than the home is worth. This enables seniors to access their home's equity without worrying about future market values and fluctuations.

To be eligible for a reverse mortgage, you must be at least 55 years old and if you have a spouse, he or she must also be at least 55 years old. The minimum amount for a reverse mortgage loan is $20,000 and the maximum is $750,000. The amount the borrower gets depends on age, value of the home and location of the home. An independent home appraisal is carried out to determine the home's value. None of the closing costs of the mortgage are paid for out of pocket by the borrower.

All of the money received by the borrower in a reverse mortgage is tax-free and the loan amount has no effect on any government benefits the borrower may be receiving. As long as the borrower and his or her spouse are living in the house, no monthly payments are required.

Some Common Misconceptions

Some people see a reverse mortgage as a way for banks and other lenders to take advantage of elderly people, and as such there are many misconceptions about the process.

Many people believe that the lender owns your home once the money is loaned out. This is not true, as the borrower remains on the title as the owner of the home. You have to pay your property taxes and have the necessary insurance up to date, but you own the house.

Some people think that the closing costs are extraordinarily high and will take a big chunk of your mortgage loan. In reality, the fees are similar to any other mortgage product and will vary depending on who you hire for legal advice and other services. And since the fees do come off the total of the mortgage, no out of pocket expenses ever incurred.

You cannot be forced out of your home as long as you or your spouse are alive and living there. Since there are no monthly payments, there is no way the lender can foreclose. If you live until you are 120 years old and choose to remain in the house, that's up to you. You can also use the loan amount for whatever you want to spend it on. You are not restricted in any way to what you spend it on. Most use it for living expenses and just enjoying their golden years, but it's entirely up to you.

Thursday, November 15, 2012

Crisis Loans - Fast Cash Debts For The Center Of The Month

By the center of the month isn't too remote and one in all the foremost valuable time of the year approaches, many of us are responsive to and anxious concerning however they'll pay their home bills for many weeks before receiving their next cheque. Of course, the bills should be paid and might not forget. many of us ar turning to short monetary answer referred to as emergency money loan, or in different words payday loans or sum. additionally to short money advances is approved and paid into your checking account identical day you apply!

The criteria that you simply can got to meet so as to be thought-about for a sum or day money loan is extremely easy and straight forward: you have got to be locals for eighteen years or additional, you need to be employed and have your regular payment paid into your checking account , you need to have a monthly realize regular payment is paid into your checking account, checking account ought to even have a charge account credit facility.

One issue that folks usually worry once applying for emergency loans, is that if they need a nasty credit history or have previous credit issues - that they'll mechanically be rejected by the investor. although you have got a CCJ before, this doesn't essentially mean a day loan or sum application are rejected.

Sunday, November 11, 2012

Virtual Help for the Cash You Need

You know what? Actually the problems that you find in your life are the aspects of the development for you. It means that because of the problems you have, you can be smarter and wiser than before, you know how to face any possible condition in your life and more importantly, you can be more confident is living the future. It is a common thing if you have to ask for the help you need to other ones because oftentimes you do not have to solve anything alone. Well, payday loans are the help you can get for the cash you need urgently.

It is clear that payday loans are the help you can ask to the lenders when you need some money immediately, but you do have no enough in your account. It is getting easier for you to apply for the payday loans because of the online lenders are ready to help you with some you need by doing the virtual deal. However, you should remember that you can only get the cash as you expect, especially related to the approved amount and the time to transfer, by applying to the trusted lender. The links above will direct you to my recommendation.

Payday Loans Online for the Pound You Need

As the internet user, I am sure that you have understood well that internet always provides you the information and anything you need even money. You know that now you can get money you need by applying for the payday loans online so that you do not need to waste your time to visit the physical lender to process the application. The lenders come also from a lot of different countries so that you can choose the most suitable one for you. However, you should be careful in choosing to whom you will apply for the payday loans online because you must need the best to help you.

There is good news for you who live in the United Kingdom, because you can apply for the payday loans online to the lenders in your area. Just like in other countries, there are several payday loans online you can apply for your urgent need of pound sterling. Finding recommendation could be one of the things you need before you apply for the payday loans online. Well, on this article I have provided the links of recommended payday loans lender for the pound. Just simply click the links to be redirected to the site. 

Sunday, September 30, 2012

Do Car Ads Create Distracted Drivers?

When out driving, the most important topic is safety. We leave in our vehicles with intentions of making it to or from without any harm to ourselves or others. Unfortunately, this not always the case. One of the top factors today that compromise safety are distracted drivers. But, does this include reading ads on cars?

The government agency distractiondotcom have set out on a crusade to limit the number of traffic crashes related to avoidable distractions. The source lists the following as the most common risk factors:

    Using a cell phone or smartphone
    Eating and drinking
    Talking to passengers
    Reading, including maps
    Using a navigation system
    Watching a video
    Adjusting a radio, CD player, or MP3 player

It also states that "sending or receiving a text takes a driver's eyes from the road for an average of 4.6 seconds, the equivalent-at 55 mph-of driving the length of an entire football field, blind."

How does this relate to car ads? Well, think about what looking at an ad on someone's vehicle entails. Your looking at something designed specifically to entice you into contacting them about a product or service. The time it may take you to read the entire ad may take longer that 4.6 seconds. Not to mention, your going to probably try to save the contact information some kind of way so you can contact them about the product or service. Even if you don't write or type the information, whatever other means of recording it will still make you a distracted driver. So, you become a candidate for traffic crashes every time you read a car ad while drive.

News Flash, car ads are not meant to be read by drivers! Just as all the other things on the above list can be performed while the car is sitting still, so can reading car ads. Don't get me wrong, just because your operating a vehicle doesn't mean your not being targeted by the ad. Just keep safety as a priority and read them when your vehicle is parked or stopped. Avoid traffic crashes by driving responsible.

If you find yourself interested in reading more of an ad, try to pull on side of the vehicle at a stop sign or red light. I'm sure if you get the drivers attention, he or she won't mind getting you any information you need on the product or service. Drive safely, don't be a distracted driver, and avoid traffic crashes.

Sunday, September 23, 2012

How to Winterize Your Car: 10 Helpful Tips to Prepare for Winter

When the weather starts to change and summer is coming to an end, the last thing on your mind is your car. With the possibility of snow and ice on the horizon though, making sure your car is in top shape is critical to avoid being stranded on the side of the road in the cold! Here are 10 helpful tips to winterize your car and make sure your ready for the harsh weather ahead.

1. Change your oil

If you're due for an oil change, now is the time to get one. Make sure your using the right kind of oil for your car and double-check the owner's manual to make sure there aren't any special considerations for winter time. Some engines use different viscosities of oil depending on the time of year. Oil tends to thicken as the temperature drops which could leave your engine under-lubricated if you use the wrong type of oil.

2. Get a tune up

Making sure your car is properly tuned up is important all year-long. In the winter time, this is especially important to prevent cold morning headaches. Your car's electrical system, including spark plugs, wires, etc., is crucial for making sure your engine fires right up on a cold winter morning. Take the time to make sure this is one headache you won't have to worry about this year.

3. Get your battery checked

Cold weather and batteries don't mix. When the temperature drops, a worn battery can quickly become a dead battery leaving you stranded. Stop by your local auto parts store and have them check your battery to make sure it will last through the winter. If there is any trouble, pick one up while you're there, most places will put it in for you free of charge. Keep the terminals free of corrosion and you should have no worries.

4. Check the radiator fluid

Have your cooling system checked for leaks, and make sure to fill it with the proper antifreeze type and mixture to protect your engine during the harsh winter months. Proper levels of antifreeze are needed for your heating system to work properly as well as to protect your engine from overheating and leaving you stuck on the side of the road. Replace worn hoses, fix small leaks, and make sure everything is in good working order.

5. Adjust your tire pressure regularly

Keeping your tires properly inflated is important all year-long. Properly inflated tires reduce gas mileage and wear on your tires. In the winter months, properly inflated tires help maintain traction with the road. Snow, ice, and wet conditions all make traction difficult. Cold weather also hardens the rubber on your tires making slippery conditions all the more dangerous. Take the time once a month to inflate your tires to the recommended pressure. Use a tire gauge and check the owner's manual or the sticker on your car for proper pressure guidelines.

6. Considering changing to snow tires

If you live in an area with considerable snow fall or you're worried about the safety of inexperienced drivers, you may consider switching to snow tires. Designed for the harsh conditions of the winter months, these tires use softer rubber with special treads that keep the tires free of snow. This provides increased traction keeping your tires glued to the road. They are a considerable cost and would need switched back to all-season tires in the spring, but can offer significant traction improvements and may save your life.

7. Keep an emergency kit in the car

This is a good habit to get in to all times of the year but is especially important in the winter months. Make sure to have an emergency kit in your car. In the winter months, add some warm clothes and blankets, heat pouches, extra food (your body burns more calories when it's cold), and anything else that could make being stranded a little less miserable. You should always keep a first aid kit in the car as well in case of emergency.

8. Make sure your four-wheel drive system is working properly

If you have a four-wheel drive car, make sure its four-wheel drive system is working properly. Have a service center inspect your system and top off the lubricants. Make sure you and everyone who uses your car knows how to properly work the system and when to use it.

9. Check the windshield wipers

Winter weather calls for special wiper blades. Ice and frost can destroy summer blades designed to remove rain water. Purchase special winter wiper blades that have extra thick rubber to help remove stubborn ice and snow. Make sure to switch out your summer washer fluid for the winter version which includes additives to prevent it from freezing.

10. Check the belts

The belts of your car are the life line of most of your engines critical systems. Belts power the water pump (cooling system), the alternator (charges the battery), and many other important systems. Cold weather weakens an engine's belts and if your belts are showing signs of wear, now is the time to change them. A broken belt is one of the easiest ways to end up stranded and is pretty inexpensive to replace. Make sure yours won't be a problem this winter.