Curtain business – Abajo El Telon http://abajoeltelon.com/ Fri, 11 Feb 2022 03:46:15 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://abajoeltelon.com/wp-content/uploads/2021/10/icon-120x120.jpg Curtain business – Abajo El Telon http://abajoeltelon.com/ 32 32 Instant cash loans compared https://abajoeltelon.com/instant-cash-loans-compared/ Fri, 11 Feb 2022 03:46:13 +0000 https://abajoeltelon.com/?p=1079 Cash loans for instant cash should be used only to cover financial emergencies or unexpected expenses and are not long-term solutions to financial problems. Many instant cash loan lenders permit their client’s access to their services Loans Online online. If your application is approved, you will receive your money within a few hours or even the next […]]]>

Cash loans for instant cash should be used only to cover financial emergencies or unexpected expenses and are not long-term solutions to financial problems. Many instant cash loan lenders permit their client’s access to their services Loans Online online. If your application is approved, you will receive your money within a few hours or even the next day. You are still able to get an instant cash loan when you have a poor credit score, but you must think about all your options prior to signing an agreement for a loan. Cash loans that are instant can be an expensive method of borrowing money as lenders charge high charges and interest rates because of them being viewed as dangerous.

How do I apply for a cash loan instantaneously in just three stages through Oak Park Financial

  1. Compare alternatives with the above table. When you have found an institution and click “More information” to read the terms and fees of the loan or “Go to the site” to complete an application.
  2. See if the lender responds generally takes about 60 minutes.
  3. If your application is approved, you can be paid the money the same or the next business day.

How do you Compare instant cash loan

A comparison of loan options can assist you in saving money and locating the best option for you. If you’re considering your options, think about the following charges and considerations before submitting an application:

  • The amount of the loan. Maximum loan amounts typically range from $2,000 to $3,000 however, they can go up to $5,000 or even $10,000. The amount an applicant is granted will depend on the amount requested and their income, credit score and their ability to pay. The borrower should only request loans that they are able to pay back within the agreed time.
  • Terms of the loan. The term of the loan could be as little as 16 weeks, or even 24 months in some instances. It is important to remember that while a longer loan duration will reduce the monthly payment, it can also raise the total amount that the borrower pays monthly charges.
  • Paybacks. Customers are required to pay a specific amount in regular intervals which are consistent with their salary (for instance weekly, fortnightly or monthly). Before applying, estimate the amount your payments will cost and if they will be in line in line with the budget you have set. Certain lenders permit customers to make loans repayments earlier in order to save money, so make sure you know whether this option is available for the loan you’re interested in. The ability to repay a loan before the due date will save you costs in fees and other costs.
  • Rates and charges. With most instant cash loans, you’ll have to pay an initial fee and a monthly fee and monthly fee, which are an exact percentage of the principal amount. The exact amount of fees can vary among lenders, however the cost of establishment is fixed at 20%, and fees for monthly payments are set at 4percent for loans of up to $2,000. In addition, arrears fees are charged when a borrower fails to make the repayment.
  • Time to Turnaround. While some lenders are able to issue funds in 30 minutes or even an hour, other lenders can transfer the money within one working day.

Who is eligible to take out cash loans in a flash?

Although the criteria for eligibility for a cash loan that is instant is fairly flexible, not everyone will be considered eligible. Although the criteria for eligibility will differ between lenders however, the following guidelines will generally be the norm:

  • Age. All lenders to whom they lend money will require that you be older than 18 to be eligible for financing.
  • Assets. Since they are typically unsecured they do not need the status of a homeowner or possess assets worth more than to be eligible for a cash loan in an instant.
  • Income. You’ll typically need to show proof of income to be eligible for a cash loan in an instant. Most lenders will require an income minimum requirement that is as high as $1500 per month.
  • Credit score. Although most payday loan companies do not require that you have a good credit score to be eligible for loans, the majority of lenders will deny your application if there is an active bankruptcy in your credit file. If you’ve been discharged of bankruptcy, you could be approved, based what the loan provider.
  • Centrelink. If you’re dependent on Centrelink payment, then you could be eligible for a loan in the event that less than 50 percent of your income comes from Centrelink and your payments are not greater than 20% of total income.
  • Residency. The majority of lenders need you to have an Australian citizen or permanent resident to be eligible for the loan. However, there are a few loans that are available to non-residents.

What’s the dangers of cash loans that are instant?

  • Disreputable lenders. Verify that the lender holds an ASIC credit licence and isn’t in the business of charging higher rates than ASIC will allow. Also , ensure that the lender is easy to contact and that it displays charges, rates and terms of the loan in a clear and transparent manner.
  • Unaffordable payments. Be aware of the amount of regular repayments and be sure you will be able to repay the loan during the period of the loan. If not, additional charges could be charged to extend the loan. Be aware that the terms of repayment for cash loans that are instant are much shorter than traditional loans.
  • Multi-application. Every loan application is reported within credit records. Although lenders may not be concerned about the credit history of a person, multiple applications within a short time frame can negatively impact your credit score going forward.
  • Find rates and charges. Be crystal clear on the charges that you will incur for the late payment or a failure to pay the loan.
  • Legal concerns. Once the loan agreement is signed, the borrower is bound by its terms as long as the amount of the loan as well as any fees or rates are paid. In general, immediate cash advances are not secured. That means the loaner is able to begin legal actions against the client when the borrower fails to pay.

What is to get a cash advance in an instant?

Since they are loans that are not secured in which the money is directly transferred into your bank account, you can take advantage of the cash loan in a flash for any purpose that is legitimate. However, as they’re not a long-term solution to financial problems They should only be used to provide emergencies to fund. The most common uses for cash loans that are instant include:

The advantages and disadvantages of cash loans that are instant.

Pros

  • Time to turn around. If approved, you could receive money within 30 minutes or even one business day.
  • Online application. Individuals can apply for these loans online. They can complete the application in a couple of minutes and get a reply within 60 minutes.
  • A good credit history is not essential. If you have a poor credit history does not mean you are ineligible the loan.

Cons

  • A high cost. Because these loans pose more risky to the lending institution, this means that fees are more than those of other loans.
  • Not a long-term solution. Cash loans that are instant don’t have the intention to provide a long-term financial solution. If you’re struggling financially seek out a free financial advisor prior to applying for loans.
  • Potentially a Debt trap. While getting a loan that has “easy approval” could appear to be a tempting option however, cash-based loans that are instant can possibly lure those with financial issues into more financial trouble.

Alternatives to cash advances that are instant

If you’re concerned that you might not be eligible for instant cash loans There are a few options to consider. These include:

  • Personal loans. Certain banks offer instant personal loans for existing customers.
  • Overdraft. Certain banks permit customers to request an overdraft service, which is linked to an existing account for transactions.
  • Cash advance credit card. Credit cards can be utilized to withdraw cash, however it is considered to be an advance in cash. Cash advances are immediately subject to interest (which could be up to 23 percent p.a.) as well as a fee for cash advances.
  • No interest loans. If you’re having financial difficulties you might be eligible for a no or low interest loan.

We’ve received a lot of questions regarding cash loans

Can I get an loan even if I’m not earning a salary?

There are a few lenders that offer cash loans for people in need provided that the applicant is able of being able to repay the loan. Some lenders require an income minimum requirement while others will offer loans based on an asset or an Guarantor. There are lenders who will accept Centrelink payment as income.

Is it possible to get the loan in the event that your credit cards are a bit over the limit and I require an immediate loan in an emergency?

They can serve as a safeguard in such situations. Be aware that lenders will be taking into consideration any credit card is currently held by a person when determining whether they’re able to pay for to pay for a loan. The applicants should also think about what the next installment on their credit card is due and whether they’ll be able to pay it through a second loan.

Are cash-based loan loans costlier than alternatives?

Cash loans are regulated by the federal government, and there are limits on the fees charged. However, they are more costly than conventional lending options because of the short-term nature of loans and the fees allowed that are more expensive than standard. It is important to keep these higher expenses in mind before they apply.

Does a company need cash loans?

If someone is in the need urgent business capital or is waiting for outstanding bills to get paid, they may think about a cash loan for their business however, they might find invoice financing an option that is more cost-effective.

Are there any guarantees for approval for a cash loan?

The guarantee of approval for any loan in Australia is now a thing of the past. In the wake of Global Financial Crisis, lenders have tightened the rules for guarantee cash advances. If a bank offers someone the option of a cash loan that is guaranteed approval, they must be cautious and be aware that the loan cannot be guaranteed.

I haven’t received my money yet but I’m wondering if I can get an advance on my cash?

Sometimes, a person may require just a little cash to make it through until payday. This is why payday cash advances can help.

Do you need cash now?

If you need the cash from their cash loan right now It could be worthwhile to evaluate a selection of lenders offering the same day cash. There are alternatives that are less costly readily available.

Are online cash loans safe?

The Australian Securities and Investments Commission (ASIC) oversees the payday lending and cash loan industry with a keen eye. Every lender must adhere to an array of rules and regulations specifically designed to protect the consumers. Even with all these security policies in place however, it is still essential to investigate and verify the authenticity of the lender, because loans for cash are often attracting untrustworthy lenders.

If I’m unable to repay my loan in cash, what alternatives are I left with?

If a person is unable to meet their loan payments within the timeframe due It’s crucial for them to make communication with the lender as fast as they can. The lender should try to collaborate with the borrower in order to work the problem out.

Be aware that these types of loans are usually employed in emergencies So, always consider comparing the options prior to submitting an online application.

]]>
Tampa drug dealer got more PPP money after being flagged in a news story https://abajoeltelon.com/tampa-drug-dealer-got-more-ppp-money-after-being-flagged-in-a-news-story/ Fri, 11 Feb 2022 01:59:13 +0000 https://abajoeltelon.com/tampa-drug-dealer-got-more-ppp-money-after-being-flagged-in-a-news-story/ Tampa medical assistant Anthony Yarand was featured in a 2020 Miami Herald investigation after his businesses received numerous Paycheck Protection Program loans, even though he was facing a slew of drug charges. But the negative publicity and his ongoing legal troubles haven’t slowed Yarand down. Companies linked to him have been approved for even more […]]]>

Tampa medical assistant Anthony Yarand was featured in a 2020 Miami Herald investigation after his businesses received numerous Paycheck Protection Program loans, even though he was facing a slew of drug charges.

But the negative publicity and his ongoing legal troubles haven’t slowed Yarand down. Companies linked to him have been approved for even more money in 2021.

This is despite the fact that business owners facing criminal felony charges have been barred from receiving money from the federal COVID-19 relief program.

In total, Yarand-linked businesses, which had a dermatology clinic and a skincare line, have been approved for more than $1 million from the program, with nearly 60% of that total coming in 2021 after the Herald shed light on Yarand’s bad loans, according to the latest data from the US Small Business Administration, which administered the program.

Small business loans, a signature board in the federal government’s COVID-19 relief efforts, were forgivable if used for payroll and other approved expenses and nearly $650,000 of the money for which Yarand enterprises were approved were forgiven.

While some approved loans that appear in the data were canceled by banks before borrowers got the funds, the fact that Yarand companies got many of the loans given to them forgiven suggests that they received most of the funds they requested.

The $800 billion program relied on banks and other lenders to vet and approve potential borrowers. The lenders did not bring in the money themselves, but they received a commission for each loan they approved on a sliding scale based on the size of the loan.

The fact that Yarand companies have continued to be approved for these new loans, in some cases by the same lenders who approved the first loans in 2020, raises the question of what due diligence, if any, these companies have performed. before approving funds. Banks were also required to approve loan forgiveness requests, and all of Yarand’s forgiveness requests were approved after the Herald’s story has been published.

While the program has undoubtedly kept many struggling businesses afloat, the example of Yarand’s businesses illustrates why the program has been plagued with so much fraud. The Small Business Association’s Office of Inspector General estimated that $7 billion in loans were issued to potentially ineligible or fraudulent recipients in the program’s first year alone.

The majority of Yarand’s business loans have been approved by online financial technology, or FinTech, lenders or their partner banks. These lenders have been associated with a high share of fraudulent lending in the scheme and two of the lenders who have approved more than a third of the money Yarand’s businesses have received, Cross River Bank and Celtic Bank, are currently doing the under investigation by the House Oversight Committee. Select the coronavirus crisis subcommittee for approving a disproportionate number of fraudulent PPP loans.

Harvest Small Business Finance, which approved two loans on behalf of Yarand, was the main partner of Womply, a digital marketing platform turned PPP loan facilitator that is also being investigated by the same committee.

Looking for real-time news alerts?

Subscribe to our free Breaking News newsletter

You will receive updates on major issues and events in Tampa Bay and beyond as they occur.

You are all registered!

Want more of our free weekly newsletters in your inbox? Let’s start.

Explore all your options

Yarand’s 2021 business loans came as his case gained momentum in the Hillsborough County court system.

Related: ‘Everyone was a suspect’: Medical assistant arrested for dealing meth and charged with heroin

Yarand pleaded guilty on August 10, 2021 to nine drug-related charges, including drug trafficking, and was sentenced to two years in prison. Two days later, the two $20,000 PPP loans taken out in Yarand’s name were cancelled.

“A Complete Crook”

Anthony Loren Yarand’s dermatology clinic, Anthony Loren Skincenter, was, by all appearances, a success.

The clinic boasted of being one of the “top 3% injectors” in the United States, according to Allergan, the maker of Botox and other injectable dermal fillers. And Yarand launched a line of Anthony Loren skincare products in 2013.

But he managed to alienate some business partners along the way.

Physician assistants must have a supervising physician review their records and sign off on their work. Derek Eichler, who was friends with Yarand at the time, agreed to be Yarand’s supervising physician in November 2011.

“I had been around him with patients and he was really good at what he did,” Eichler said. Eichler said they agreed he would receive 10% of Yarand’s proceeds as a fee for his work.

But while Yarand’s business boomed, Eichler’s income remained steady. He grew suspicious and eventually broke off the relationship and filed a lawsuit against Yarand in 2017 claiming he was owed money.

Yarand countered that their contract did not specifically state that Eichler was to receive 10% of his proceeds as a fee. He then argued that Eichler’s complaint had exceeded the statute of limitations and that a complaint filed with the Florida Board of Medicine that Eichler’s primary practice was more than 75 miles from Yarand’s office meant that he had not legally provided the services he had accepted.

The trial is ongoing.

“In retrospect, he was a complete crook,” Eichler said.

Two other doctors sued Yarand and a lawyer in 2011 after he invested in what was believed to be a series of dermatology clinics offering Botox and similar treatments. Yarand was eventually dropped from the suit, but a jury found in favor of the two doctors, ordering the attorney to pay over $550,000 in damages.

Yarand’s businesses began applying for PPP loans in the spring of 2020. Anthony Loren LLC and Skinfully Yours LLC were approved for a total of $117,363 by Cross River Bank in late April and early May 2020. Both listed the address from Anthony Loren Skincenter on their applications.

Three other Yarand-related businesses listing the same address were approved for an additional $207,559 in May and June through different lenders. A newly formed company called Your Face is Hot LLC, listing Yarand’s home address, was approved for $108,045 in July. The company filed its first incorporation documents with the State of Florida on June 4, 2020, well past the February 15, 2020 date when companies were supposed to have been created to qualify for loans under the program.

The program was closed in August 2020 but reopened in January 2021.

At that time, the Herald’s A December 2020 article featuring Yarand had been published, but two of Yarand’s businesses were still approved for a second round of funding in January by Cross River Bank, for a total of $178,074. In February, the U.S. bank approved Anthony Loren Skincare LLC for a second PPP loan of $67,385 after approving the company for a first PPP loan of the same amount in June 2020.

In total, Yarand-related businesses have been approved for four more PPP loans totaling $489,575, including a Daytona Beach company, Uneek LLC, which was reinstated in February 2021 after failing to file annual returns with the State of Florida in 2020 and 2021.

The company’s most recent annual report lists Yarand as one of its officers and the business address was changed to Yarand’s clinic location shortly after the PPP loans were approved.

Yarand was also approved for two $20,833 PPP loans in his own name in April and May 2021 by Harvest Small Business Finance, both of which were pardoned two days after pleading guilty to drug charges.

the Herald contacted all the banks that provided loans to Yarand’s businesses. None of them were willing to discuss Yarand’s loans or how they screened potential borrowers for eligibility.

Yarand’s clinic now appears to be closed, and Yarand’s license was suspended in October. Yarand’s attorney did not respond to a request for comment.

‘Blinking lights’

Yarand is now calling an Okaloosa County jail cell, but at the time of his arrest in March 2019, Yarand was living on the cul-de-sac of an affluent, gated suburban community in Tampa Bay called The Retreat at Carrollwood.

Yarand had bought the house a year earlier and soon after began to gain notoriety among his neighbors due to his raging pit bull and a constant stream of vehicles showing up at his house at all hours of the day, said said Jeff Ziegler, a neighbor and former St. Petersburg police officer.

Sometimes, says Ziegler, the young men would be dropped off in the middle of the night by taxis and knock on neighbors’ doors looking for Yarand.

“It was a quiet neighborhood, people were outside, kids were playing,” Ziegler said. “You could have put flashing lights on your house and drawn less attention to yourself.”

In February 2019, officers from the Hillsborough Sheriff’s Office received a tip about a “cosmetic doctor named ‘Anthony Loien’ who distributed methamphetamine and other illegal substances to young men in the Tampa area” who lived in retirement in Carrollwood, according to a search warrant.

Sheriff’s deputies quickly realized the complaint referred to Yarand and searched a trash can outside Yarand’s home shortly after, finding edible marijuana and a glass pipe that tested positive for methamphetamine.

When Hillsborough County sheriff’s deputies broke down Yarand’s door three weeks later to execute the search warrant, they found just under 170 grams of methamphetamine and smaller amounts of heroin, cocaine and drugs. ecstasy in a safe in Yarand’s room, along with $6,800 in counterfeit cash.

They found marijuana, steroids and other counterfeit cash elsewhere in his home.

Yarand said at the time that he used the fake money for poker games and that the drugs were not his, but belonged to an ex-friend.

Yarand stayed in the neighborhood as his case slowly progressed through the Hillsborough County court system, but eventually sold the home in July 2021 for $620,000 and purchased an $869,000 lakefront home a few miles north. South.

Yarand went to jail three months later.

]]>
Rishi Sunak risks reversing £4bn of taxpayers’ money taken by COVID fraudsters https://abajoeltelon.com/rishi-sunak-risks-reversing-4bn-of-taxpayers-money-taken-by-covid-fraudsters/ Fri, 11 Feb 2022 00:11:01 +0000 https://abajoeltelon.com/rishi-sunak-risks-reversing-4bn-of-taxpayers-money-taken-by-covid-fraudsters/ Chancellor Rishi Sunak is under pressure for loan fraud committed during COVID. Photo: UK Parliament/Jessica Taylor/Handout via Reuters The UK Treasury plans to write off around £4billion in COVID loans that ended up in the hands of fraudsters, with MPs saying the ‘ignorance’ displayed by HMRC makes it ‘soft’. The Public Accounts Committee has slammed […]]]>

Chancellor Rishi Sunak is under pressure for loan fraud committed during COVID. Photo: UK Parliament/Jessica Taylor/Handout via Reuters

The UK Treasury plans to write off around £4billion in COVID loans that ended up in the hands of fraudsters, with MPs saying the ‘ignorance’ displayed by HMRC makes it ‘soft’.

The Public Accounts Committee has slammed HMRC’s ‘unambitious plans’ for recovering a total of £6billion which it says was incorrectly paid in COVID support loans. According to the committee’s report, Chancellor Rishi Sunak risks “cancelling at least £4billion” of taxpayers’ money.

Losses are expected to top the reported £2billion as HMRC has yet to release its 2021-22 error and fraud estimates. Current figures only take into account 2020-21.

Meg Hillier, chair of the Public Accounts Committee, said: “The level of fraud and error in furloughs that employers will get away with is a real concern. What signal does it send when HMRC waives billions of pounds of fraud and error directly linked to COVID support packages? With the current state of public finances, we cannot afford to be so cavalier with so much taxpayers’ money.

Read more: COVID puts over a million workers on Universal Credit

The Bounce Back Loan program was set up in April 2020 with the aim of keeping small businesses afloat during the coronavirus pandemic. A total of 1.5m loans worth £47bn have been issued under the initiative.

To streamline the process, paperwork for the program was minimal, with self-certified applications and no credit checks.

Now HMRC says 8.7% of furlough payments were made either to fraudsters or in error.

In 8.5% of payments to the Eat Out to Help Out scheme, which was set up to help restaurants reopened in the summer of 2020, and 2.5% of the money given to freelancers and entrepreneurs under of its self-employed income support payments, the money was stolen by workers or businesses claiming money to which they were not entitled.

The leader of an organized crime gang, with 48 convictions to his name, managed to get £50,000 from the scheme.

Read more: NFT market swells to $44 billion as money laundering schemes increase

A Tory minister in the House of Lords has already resigned to attack the government’s handling of fraudulent COVID business loans.

Lord Agnew accused the Treasury of having “little interest in the consequences of fraud on our society”.

“Every taxpayer pound lost to a tax evader will make honest, everyday people feel the post-pandemic pinch harder and harder,” Hillier said.

The committee said that HMRC’s failure to fulfill its core mission of collecting tax due “risks rewarding the unscrupulous and sending the message that HMRC is soft on fraud”.

MPs recommend that HMRC take a number of steps to reassure Parliament and the public that it is serious about tackling errors and fraud in COVID support schemes and ‘takes all recovery action there where it pays to do so”.

Watch: What is the Bounce Back Loan program?

]]>
Itau sees loan portfolio slowing in 2022 and provisions rising https://abajoeltelon.com/itau-sees-loan-portfolio-slowing-in-2022-and-provisions-rising/ Thu, 10 Feb 2022 23:31:00 +0000 https://abajoeltelon.com/itau-sees-loan-portfolio-slowing-in-2022-and-provisions-rising/ A man is reflected in an Itau branch window in Rio de Janeiro, Brazil April 29, 2019. REUTERS/Sergio Moraes Join now for FREE unlimited access to Reuters.com Register SAO PAULO, Feb 10 (Reuters) – Brazil’s biggest private sector lender, Itau Unibanco Holding SA (ITUB4.SA), said on Thursday that 2022 is likely to be a year […]]]>

A man is reflected in an Itau branch window in Rio de Janeiro, Brazil April 29, 2019. REUTERS/Sergio Moraes

Join now for FREE unlimited access to Reuters.com

SAO PAULO, Feb 10 (Reuters) – Brazil’s biggest private sector lender, Itau Unibanco Holding SA (ITUB4.SA), said on Thursday that 2022 is likely to be a year of weaker loan portfolio growth and higher provisions for loan losses, in a difficult economic environment in Brazil. prospects.

The bank, however, indicated that it would probably maintain its return on equity, a guarantee of profitability, around 20%.

Its loan portfolio is expected to grow between 9% and 12%, below its expansion last year, the bank said. Nevertheless, its net interest income with customers should grow at a faster rate, between 20.5% and 23.5%.

Join now for FREE unlimited access to Reuters.com

As consumers and businesses feel the burden of weak or no economic growth this year, loan loss provisions are expected to reach 9 billion reais compared to last year. The cash set aside for bad debt should be between 25 billion and 29 billion reais, the bank said.

Itau also sees Brazilian inflation pushing up its operating costs, which are expected to rise between 3.5% and 6.5%. Last year, the lender managed to rein in double-digit inflation, with spending rising just 2%.

Despite fiercer competition between banks and fintechs, Itau expects its commission income to grow between 3.5% and 6.5%.

“Our outlook for 2022 takes into account our continued recovery

path and the good results achieved in 2021,” chief executive Milton Maluhy said in a statement.

QUARTERLY PERFORMANCE

Itau posted a stronger-than-expected fourth-quarter profit on Thursday, driven mainly by strong gains in consumer loans and its insurance unit.

Recurring net profit, which excludes one-time items, rose 32.9% year-on-year to 7.159 billion reais ($1.36 billion), above a consensus estimate of 6.828 billion reais compiled by Refinitiv.

The bank’s 90-day default ratio was roughly in line with the third quarter, at 2.5%.

Its net interest income increased by 20.6% compared to the previous year, to 21.2 billion reais.

($1 = 5.2496 reais)

Join now for FREE unlimited access to Reuters.com

Reporting by Carolina Mandl Editing by Chris Reese and Lincoln Feast.

Our standards: The Thomson Reuters Trust Principles.

]]>
PenFed Credit Union Mortgage Review | Find the best loan for you https://abajoeltelon.com/penfed-credit-union-mortgage-review-find-the-best-loan-for-you/ Thu, 10 Feb 2022 22:14:22 +0000 https://abajoeltelon.com/penfed-credit-union-mortgage-review-find-the-best-loan-for-you/ The Pentagon Federal Credit Union, widely known as PenFed, provides borrowers with access to many types of mortgages: conventional, variable rate, jumbo and Department of Veterans Affairs, as well as refinance loans and home equity lines of credit. The financial institution, which serves 2.5 million members, was established in 1935 and is based in McLean, […]]]>

The Pentagon Federal Credit Union, widely known as PenFed, provides borrowers with access to many types of mortgages: conventional, variable rate, jumbo and Department of Veterans Affairs, as well as refinance loans and home equity lines of credit. The financial institution, which serves 2.5 million members, was established in 1935 and is based in McLean, Virginia.

  • Receive credit from the lender of up to $2,500 at closing.
  • Pay no lender fees.
  • Choose from a variety of loan types.

  • Has no Federal Housing Administration or Department of Agriculture loans.
  • Does not publish prices on its website.
  • Requires membership in a credit union.

Borrowers looking to buy a home, refinance a mortgage, or tap into equity will find many options, including:

  • Conventional fixed rate loans.
  • Adjustable rate mortgages.
  • VA loans, including “streamlined” refinancing.
  • Power Buyer program combining pre-approval and price lock-in.
  • Advantage program for the purchase of a first property.
  • Home equity lines of credit, also known as HELOCs.
  • Giant loans.
  • Rate and duration or cash-out refinancing loans.

If you’re ready to apply for a loan, search for the product you’re interested in in Mortgage & Home Equity at the top of penfed.org. Then click the Get Started Online button, which allows you to submit a form to request a callback, or contact 800-970-7766 to discuss your mortgage options. The same form also has a pre-approval button that you can select to begin this process.

If you are a PenFed member with an online account, you can apply for a loan directly from there. Access your account from the Login button in the right corner of any page on penfed.org.

Terms and conditions vary widely depending on the type of mortgage you choose.

Borrowers pay no lender fees except for optional discount points. PenFed charges a $30 returned payment fee and on HELOCs a late fee of 5% of the overdue amount or a minimum of $20.

Lender credit is available at closing based on your loan amount after application. Credit for loans up to $199,999 is $500; the credit is $1,000 for loans of $200,000 to $699,999; and it is $2,500 for loans of $700,000 or more.

PenFed Credit Union members can take advantage of discounts on home insurance from Travelers and TruStage, underwritten by Liberty Mutual.

How can you qualify?

Requirements vary by loan.

For a conventional PenFed loan, you will need a credit score of at least 650, plus one year of W-2 forms and one to two months of pay stubs as proof of income. A variable rate mortgage, however, requires a minimum credit score of 620.

A jumbo loan requires a credit score of at least 700 and a minimum of six months of cash reserves. If you want a HELOC, the requirement is a credit score of at least 660.

Some loan terms can be found online, including down payment amounts, as well as details about other types of mortgages. But your best bet is to contact PenFed directly for information based on your financial situation.

PenFed Credit Union requires a credit score of at least 620 for a mortgage, which is FICO’s fair credit range.

PenFed Credit Union operates in all 50 states, plus Washington, DC; Guam; Porto Rico; and Okinawa, Japan.

Is your dream home within reach? US News’ Mortgage Calculator will show you how much home you can afford.

PenFed Credit Union receives an A+ rating from the Better Business Bureau, but it is not accredited by the BBB. Trustpilot gives PenFed 4.6 stars out of 5, an excellent score, based on approximately 600 reviews.

The Consumer Financial Protection Bureau received 156 mortgage-related complaints in 2021 about PenFed Credit Union. Common issues were problems during the payment process, applying for or refinancing a mortgage, and closing a mortgage. All complaints received a prompt response; 114 have been closed with explanation, 25 have been closed with monetary relief, 16 have been closed with non-monetary relief and one is ongoing.

PenFed offers a number of ways to receive customer service:

Call for mortgage information, including help with applications. Contact 800-970-7766 from 9 a.m. to 10 p.m. EST Monday through Friday and 9 a.m. to 6 p.m. ET Saturday. If you have questions about the First Mortgage Service, call 800-585-9055 from 8 a.m. to 8 p.m. ET Monday through Friday and 8 a.m. to 5 p.m. ET Saturday.

Contact us online. Click Contact at the bottom left of any penfed.org page, then fill out the form to receive an email or call back. At the top of this form you will also find a place to securely upload documents and access articles by subject, as well as other resources. Live chat support is available if you click the box on this page titled Need Help?

Connect by email or fax. Send mortgage payments – note that cash is not accepted by mail – to PO Box 679260, Dallas, TX 75267-9260. Fax questions about your loan to 703-633-7091.

PenFed’s digital mortgage tools allow you to:

  • Use calculators for affordability, closing cost, and mortgage or refinance payment.
  • Get a rate quote or mortgage pre-approval.
  • Apply for a mortgage from your PenFed online account.
  • Upload documents securely.
  • Email or live chat with customer service.
  • Pay once or set up automatic payment with PenFed’s Access Bill Pay.
  • Access answers to FAQs and articles on many topics.
  • Use PenFed’s mobile app to check your loan status and make mortgage payments.

  • People who hope to claim credit from the lender and pay no fees.
  • People who prefer an online mortgage application.
  • People who want a variety of loan options.

]]>
“No Credit, No Job” is the Exotic Mortgage Winner of 2022 – Orange County Register https://abajoeltelon.com/no-credit-no-job-is-the-exotic-mortgage-winner-of-2022-orange-county-register/ Thu, 10 Feb 2022 22:10:13 +0000 https://abajoeltelon.com/no-credit-no-job-is-the-exotic-mortgage-winner-of-2022-orange-county-register/ Conventional mortgage refinance volume has fallen off a cliff as rates are more than a point above Freddie Mac’s all-time low of 2.65% set in January 2021. Conventional loans are also very slow, due to a shortage of homes for sale. But the mortgage machine needs to be fueled. And so, there are always exotic […]]]>

Conventional mortgage refinance volume has fallen off a cliff as rates are more than a point above Freddie Mac’s all-time low of 2.65% set in January 2021.

Conventional loans are also very slow, due to a shortage of homes for sale.

But the mortgage machine needs to be fueled. And so, there are always exotic mortgages for hard-to-qualify borrowers when demand dwindles among the A-paper crowd.

Are we going to go down in memory of the mortgage meltdown first? Confusing and complicated during the Great Recession, there was a cornucopia of thin or even zero down payment financial instruments with names like “undocumented mortgages” (no documentation of income), NINA (no income , no assets) and of course NINJA (no income, no job, no assets).

Fast forward to 2022. Brand new from the exotic world of mortgage manufacturing comes what I call NADA JOB, NADA CREDIT (no job and no credit report) for investment property financing.

If you are a real estate tycoon in the field of witness protection, this loan is calling you.

Seriously, it doesn’t matter if your credit is filled with past foreclosures and bankruptcies. Or your average FICO credit score is a big, bad 500. Or even if you don’t have a social security number in your name.

A title search on you will be performed. If you are bankrupt, for example, then no loan for you. Or, if you have a publicly recorded court judgment outstanding in your name, the title insurance company will not insure title. No title insurance, no loan. These are pretty much the only disqualifiers.

Job? What work? No one needs a job or any type of proof of income to qualify for this special funding. Having a job is such a pre-COVID thought, to the right? Either way, if you have a job, there’s no place to put it on that mortgage application. Nobody cares.

Here are the basics: The maximum loan amount is $5 million for any one- to four-unit investment property, even mixed-use. Owner occupancy is not permitted!

You must put at least 30% down payment on a purchase or you must have 30% equity remaining after completion of the rate and term refinance or cash-in refinance.

The interest rate is 4.5% amortized over a 30-year fixed rate. Not bad. The borrower will have a lump sum payment due in five years and a first-year prepayment penalty of 2% of the loan balance if you decide to pay off the loan in less than a year.

You must preload four years or 48 months of principal and mortgage payments into a bank account accessible to the Mortgage Manager each month when your mortgage payment is due. You can use cash-out (from a cash-out refinance) to anticipate required mortgage payments.

Here’s an example: An investment property has a sale price of $2 million. The borrower must deposit 30% or $600,000, leaving a loan balance of $1.4 million. The monthly payment of principal and interest at 4.5% over a fixed term of 30 years is $7,094. Multiply $7,094 by 48 months (for these payment reserves) for an additional $340,512. In effect, the borrower comes back with 47% of the sale price for this to happen. But you also don’t have a payment for the house for four years.

Unlike standard conventional financing, there is no need to prove where the down payment funds or cash reserves are coming from. Can you tell, straw buyer?

Initially, the borrower will pay 3 points or less to acquire this financing instrument. Each point represents 1% of the loan amount or $14,000 in the example above.

Another hot exotic mortgage is a new 3-month bank statement loan, perhaps especially good for self-employed borrowers (self-employed for two years or more) struggling with stop-start-stop COVID-19 issues. over the past two years. .

The lender calculates the average of deposits on your company’s bank statements over the past three months, excluding an expense factor. The remaining average deposits are counted as income. For example, you can achieve a loan to value ratio of 75% with an average FICO score of 700 up to a loan amount of $3 million. This is for the owner-occupied primary residence only. That 30-year fixed rate is somewhere above 5% with maybe 1-2 origination points.

Do the current exotic mortgage flavors require enough skin in the game to avoid a repeat of the Great Recession exotic mortgage meltdown? I hope so.

Freddie Mac Rate News

The 30-year fixed rate averaged 3.69%, 14 basis points (fierce) higher than last week. The 15-year fixed rate averaged 2.93%, up 16 basis points from last week.

The Mortgage Bankers Association reported an 8.1% drop in mortgage application volume from the previous week.

At the end of the line : Assuming a borrower gets the average 30-year fixed rate on a conforming loan of $647,200, last year’s payment was $340 less than this week’s payment of $2,975.

]]>
Chinese app misuses Bengal woman’s KYC details to create fake bank accounts https://abajoeltelon.com/chinese-app-misuses-bengal-womans-kyc-details-to-create-fake-bank-accounts/ Wed, 29 Sep 2021 07:03:15 +0000 https://abajoeltelon.com/chinese-app-misuses-bengal-womans-kyc-details-to-create-fake-bank-accounts/ In March 2020, Shonali was fired from a lecturer position at a private university in West Bengal. Faced with a cash crunch, the 48-year-old speaker turned to Chinese instant loan apps. These apps provide loans instantly without collateral but with high interest rates. Starting in September, Shonali used the money she lent from these apps […]]]>

In March 2020, Shonali was fired from a lecturer position at a private university in West Bengal. Faced with a cash crunch, the 48-year-old speaker turned to Chinese instant loan apps. These apps provide loans instantly without collateral but with high interest rates. Starting in September, Shonali used the money she lent from these apps to meet her expenses. However, by October it had begun to fail.

These applications provide micro-loans of as little as 1,000. However, the problem here is that they have a much shorter repayment period and very high interest rates. Standard interest rates are not only 1% per day on average, but also compounded on a weekly or fortnightly basis. Also, they usually charge 14-15% of the principal amount as a processing fee.

To repay a loan, she ended up taking out loans from almost 25 of these instant loan apps. The principal amount cumulated to 2.4 million. It was a debt trap. Following this, she received countless threats and harassing calls to repay the loans. “We payed 7.8 lakh with interest in repayment of the loan. The harassment almost drove me to suicide, but I survived,” she told The News Minute. However, her nightmare was far from over.

In December, she briefly lost access to her HDFC, ICICI and SBI bank accounts. Someone had also changed their net banking credentials. Then she received an email from Kotak Mahindra Bank congratulating her for opening a bank account. She also received an OTP email from Bitbns, which is a cryptocurrency exchange.

How did the apps access his private information?

Shonali had to share his Aadhaar card details with these apps as KYC to avail the loans. Buying and selling digital currencies in cryptocurrency exchanges does not require KYC. However, if a bank account needs to be linked to any of these exchanges, a KYC verification is mandatory.

Reportedly, KYC data is used to open bank accounts. These bank accounts – linked to crypto exchanges – are used to siphon money overseas.

“There might be many fake bank accounts used for crypto exchanges that we don’t know about,” said Sandeep Sahoo, director of Savethem India Foundation. The foundation is made up of cybersecurity professionals who study instant loan and online betting apps operated by the Chinese. They also assist victims of such fraud and connect them with law enforcement.

Luckily, with the help of banks and Kolkata Cyber ​​Crime Police, Shonali was able to recover her lost money.

Who else is the data shared with?

When Shonali defaulted on her payment in one app, she was redirected to another app to repay the original amount by default. Apparently, once installed, this app gets full access to contacts, gallery, location and other details. Entities that run these lending applications are also linked to online betting and gaming applications. Thus, the user’s information is shared between several applications of which the user is not even aware. Of the 25 apps used by Shonali, four apps are already under investigation by Hyderabad Police.

Police are investigating numerous similar apps in Delhi, Karnataka, Tamil Nadu, Telangana and the Law Enforcement Branch. The Hyderabad Police Criminal Division had sought to remove hundreds of these apps from Google Play Store. However, cybersecurity researchers claim that many of these apps still work with value.

Police have arrested seven Chinese nationals and 35 Indians in the crackdown on the apps.

Read also : Moradabad man leads double life, works as government teacher and cop

]]>
How to know if your NIRSAL COVID-19 loan is approved https://abajoeltelon.com/how-to-know-if-your-nirsal-covid-19-loan-is-approved/ Wed, 29 Sep 2021 07:03:15 +0000 https://abajoeltelon.com/how-to-know-if-your-nirsal-covid-19-loan-is-approved/ NIRSAL Microfinance Bank has responded to inquiries from several Nigerians who appear to be in the dark about the approval of their COVID-19 NIRSAL loan applications. Things you should note First, you should take note of the following: It is absolutely necessary that you check your status to determine if you are still on track […]]]>

NIRSAL Microfinance Bank has responded to inquiries from several Nigerians who appear to be in the dark about the approval of their COVID-19 NIRSAL loan applications.

Things you should note

First, you should take note of the following:

  • It is absolutely necessary that you check your status to determine if you are still on track to receive your covid-19 support loan.
  • Before you can access the portal, you must have a profile with the platform. This means that you must have previously applied when registering online. You can only log in if you have created your profile.

READ: FG reopens passport application, payment portal

Second, the Nirsal Microfinance Loan will only be disbursed to those who are considered qualified applicants. Below are the steps and links applicants should follow to check their loan status:

  • According to the previous guidelines, the first step to take is to carefully scan your email address. Those who have obtained their loan application will receive emails indicating that they have obtained access to the loan. If after applying online there is still no mail that your loan has been approved, it is best to click here or visit https://agsmeisapp.nmfb.com.ng/
  • In case you don’t remember which loan category you applied for, the two main loan categories available are SMEs or Individuals/Households.
  • Next, you need to verify your account by submitting your BVN. If you are lucky to have been approved for the loan, a window will open showing you the amount approved for you.
  • The next thing to do is claim your loan. Provide your bank details and information in the correct format. There is a space for this on the portal.
  • The final step is to locate the terms and conditions required for the loan and then read and understand all aspects of it.
  • You will also know the manager in charge of your payment and their contact details, as well as the loan repayment procedure.

READ: SoundCloud creates ‘donate button’ for fans to support artists affected by coronavirus

How to repay the loan

Contrary to some applicants’ expectations that the loan is non-repayable, the federal government has warned that the loan must be repaid by successful applicants.

Please note that 5% of the total funds received will be deducted before payment is released to you. The most important thing here is to make sure you are not in default.

The loan must be repaid in 3 years. Since your BVN has been linked to all your accounts, if you do not repay, the amount will be deducted monthly from your account.

Pass

In March 2021, the Central Bank of Nigeria (CBN), through the NIRSAL Microfinance Bank, reopened its portal for Micro, Small and Medium Enterprises (MSMEs) and Households affected by COVID-19 to access up to to 25 million naira, according to Nairametrics.

This was revealed by President Muhammadu Buhari’s personal assistant on new media, Bashir Ahmad, via his Twitter account.

He tweeted, “CBN, through @NirsalMFB, is introducing a stimulus package to support households and MSMEs affected by the COVID-19 pandemic. An individual can access up to 25 million naira.”

]]>
Fannie Mae (FNMA): What it is and how it affects your mortgage https://abajoeltelon.com/fannie-mae-fnma-what-it-is-and-how-it-affects-your-mortgage/ Wed, 29 Sep 2021 07:03:15 +0000 https://abajoeltelon.com/fannie-mae-fnma-what-it-is-and-how-it-affects-your-mortgage/ What is Fannie Mae? Fannie Mae – short for the Federal National Mortgage Association – dominates the secondary mortgage market. but what does that mean exactly? Along with her counterpart, Freddie Mac, Fannie Mae buys around 66% of US mortgages from the lenders who originated them. This frees up money so these companies can continue […]]]>

What is Fannie Mae?

Fannie Mae – short for the Federal National Mortgage Association – dominates the secondary mortgage market. but what does that mean exactly?

Along with her counterpart, Freddie Mac, Fannie Mae buys around 66% of US mortgages from the lenders who originated them.

This frees up money so these companies can continue to lend and buyers can continue to buy homes.

In large part, Fannie Mae and Freddie Mac also drive the rate you get from your mortgage lender. Both play an important role in keeping US mortgage rates relatively low.

Check your new rate. Start here (February 10, 2022)

What does Fannie Mae do?

Fannie Mae is a major player in the mortgage process, yet very few borrowers understand what it really does.

There are no branches or ATMs. You can’t borrow money from him. And yet, like magic, the interest rate you pay and the type of mortgage financing you get are greatly impacted by Fannie Mae.

To understand how Fannie Mae works, think of a local bank or building society.

If Smith Lending has $25 million that he can use to create mortgages – and if the typical mortgage is $200,000 – then Smith has the ability to generate 125 mortgages. ($200,000 x 125 = $25 million.)

In this example, if you are mortgage customer number 126 at Smith Lending, you are out of luck. There is no more money to lend.

This is where Fannie Mae and the secondary mortgage market come in.

How Fannie Mae and the Secondary Mortgage Market Work

Fannie Mae and Freddie Mac operate in the secondary mortgage market.

There, they buy mortgages from lenders and repackage them into mortgage-backed securities (MBS). Fannie and Freddie then sell MBS to investors around the world.

Going back to the example above: the 125 mortgages that Smith Lending sold are actually an asset. Smith can take those loans and sell them to Fannie Mae or Freddie Mac.

Once the sale is complete, Smith has new funds and can now fund additional mortgages in the local community.

You can see the benefit. By buying mortgages, Fannie Mae and Freddie Mac allow lenders to make more loans. With more money available for loans, consumers continue to buy homes and the real estate market remains afloat.

Additionally, these companies are taking money from global investors and putting it into the US real estate market.

More money for mortgages means – you guessed it – lower mortgage rates. Since Fannie and Freddie operate nationally, the result is that mortgage rates are largely similar across the country.

How Fannie Mae affects your mortgage

Fannie Mae is happy to buy mortgages from lenders – but not all mortgage.

For Fannie Mae and Freddie Mac to resell loans, they must be considered safe investments. This means that each mortgage must meet certain requirements or “guidelines”.

Fannie Mae’s guidelines are over 1,200 pages. For example, for 2022, the maximum loan limit that Fannie Mae will purchase is $. The company will not buy larger loans, called “jumbo” financing.

Through these types of guidelines, Fannie Mae plays an important role in deciding which mortgage applicants are considered “eligible” and which are not.

Fannie Mae Guidelines: Conforming and Conventional Mortgages

Loans that conform to Fannie Mae and Freddie Mac guidelines are called (unsurprisingly) “conforming” mortgages.

Another term you may have heard is “conventional” financing. A conventional mortgage is simply a non-government mortgage. These loans are not backed by the FHA, VA or USDA.

Indeed, it is possible for a mortgage to be both “conforming”, i.e. complying with the Freddie/Fannie guidelines, and “conventional”, i.e. uninsured or guaranteed. by a government program.

Fannie Mae and Freddie Mac guidelines are important in the mortgage world.

These requirements may include items such as:

  • Home loan amount (limits vary by state)
  • Minimum credit score requirement (usually 620)
  • Down payment requirements (can be as low as 3%)
  • Private mortgage insurance (mandatory with less than 20% down payment)
  • Debt to income ratios (generally up to 43% is allowed)

However, as a borrower, you should also be aware that the guidelines are often not absolute.

If you have a lot of monthly bills, for example, your debt-to-income ratio (DTI) could be high. In theory, this would make it difficult to obtain a conforming loan. However, “offsetting factors” like a large down payment or a hefty savings account could help offset this DTI and allow you to qualify.

In short, Fannie Mae and Freddie Mac’s loan guidelines are often less stringent than borrowers might think.

Flexible Home Loans Backed by Freddie Mac: The HomeReady Mortgage

A Fannie Mae program with many exceptions to the usual guidelines is the HomeReady Mortgage.

Instead of 5% down payment, you can qualify for the HomeReady program with just 3% upfront. Need more income to qualify? Up to 30% of the buyer’s income can come from a roommate. And no, you don’t have to be a first-time buyer.

For more information on Fannie Mae products and services, contact Loan Officers. Ask about compensation factors if you need them.

Does Fannie Mae belong to the government?

Fannie Mae (FNMA) was started by the federal government in 1938. It was designed to help revive the housing market after the Great Depression.

Because Fannie was started by the government, it is known as a “government sponsored enterprise” or GSE.

Fannie Mae was sold to shareholders in 1968 and is now publicly traded over-the-counter. It is now the 22nd largest company in the United States by revenue according to Fortune.

Fannie Mae now has private shareholders. However, in 2008, Fannie Mae and Freddie Mac were placed in federal conservatorship after the mortgage crisis.

According to ProPublica, Fannie received $120 billion from the federal government and repaid nearly $185 billion. As of this writing, it is still operated by the federal government, an issue disputed in court.

Show me today’s rates (February 10, 2022)

The information contained on The Mortgage Reports website is provided for informational purposes only and does not constitute advertising for products offered by Full Beaker. The views and opinions expressed herein are those of the author and do not reflect the policy or position of Full Beaker, its officers, parent company or affiliates.

]]>
Comparison between the 2021 Land Rover Defender and the 2021 Jeep Wrangler https://abajoeltelon.com/comparison-between-the-2021-land-rover-defender-and-the-2021-jeep-wrangler/ Wed, 29 Sep 2021 07:03:15 +0000 https://abajoeltelon.com/comparison-between-the-2021-land-rover-defender-and-the-2021-jeep-wrangler/ A British icon meets an American legend with the 2021 Land Rover Defender versus the 2021 Jeep Wrangler. Both have a reputation for being tough off-roaders. Here’s how they compare. Land Rover Defender 2021 2021 Land Rover Defender starting price: $47,125 | Price yours Where See listings near you. Above average: 6-cylinder in-line engine available; […]]]>

A British icon meets an American legend with the 2021 Land Rover Defender versus the 2021 Jeep Wrangler. Both have a reputation for being tough off-roaders. Here’s how they compare.

Land Rover Defender 2021

2021 Land Rover Defender starting price: $47,125 | Price yours Where See listings near you.

Above average: 6-cylinder in-line engine available; rich heritage; up to seven seats; excellent off-road capability.

below average: The design is not as iconic as the original Defender; some interior parts look cheap.

Consensus: The 2021 Land Rover Defender maintains its connection to its off-road farming past while being thoroughly modernized to meet the needs of the 21st century.

2021 Jeep Wrangler

2021 Jeep Wrangler Rubicon 3922021 Jeep Wrangler Starting Price: $28,295 | Price yours Where See listings near you.

Above average: Winner KBB Best Resale Value & 5-Year Cost to Own Awards; new 4xe plug-in hybrid models and Rubicon 392 V8, Xtreme Recon pack.

below average: Spartan base model; road behavior still compromised.

Consensus: The 2021 Jeep Wrangler is a satisfying blend of classic design and real off-road chops with modern safety systems, amenities and technology.

Defender vs Wrangler: off-road icons

land rover defender

Land Rover Defender 90 2021

Only a handful of vehicles (including the Mercedes G-Class, Jeep Wrangler, Ford Bronco, Toyota 4Runner and Land Cruiser) are built with so much off-road capability in mind. The 2021 Land Rover Defender tackles this task with a rugged unibody chassis, steel subframes and independent front and rear suspensions.

The base model Defender 90 2-Door, powered by a 296-hp 2.0-liter turbocharged 4-cylinder engine, starts at $46,100, plus a destination charge of $1,025. Equipped with the same powertrain but a bit more standard equipment (power front seats, 19-inch alloy wheels), the Defender 90 S starts at $49,400.

Prices for the 4-door Defender 110 start at $50,500 for the base model and $53,800 for the Defender 110 S. Both are powered by the 2.0-liter turbocharged 4-cylinder engine also found in the Defender 90 Optional is a lightweight 395-hp hybrid powertrain featuring a turbocharged and electric supercharged inline-6 ​​with power assist.

In general, the interior of the Defender looks sparse and simple, almost stripped down. The dash, interestingly, uses an exposed structural magnesium bar across its width. While some of the plastics overwhelm us, it’s a no-frills interior that fits right in with the Defender’s rugged mission.

With its strong monocoque chassis, the Land Rover Defender we sampled, fitted with air suspension, felt soft and comfortable when it needed to be, but firm and controlled on twisty roads. This new Defender is worlds more refined than the attractive archaic old.

Jeep Wrangler

2021 Jeep Wrangler Rubicon 392

The 2021 Jeep Wrangler is now in its last generation for three years, known as the JL. It remains offered in a 2-door version or in the more popular and more spacious 4-door version. All models come with a removable canopy (with doors) for outdoor adventures. An optional hardtop is available.

All Wranglers are 4WD and a variety of engines are available. A V6 is standard, or buyers can opt for a spunky turbocharged 4-cylinder, a V6 with mild-hybrid assist, or a wonderfully robust diesel V6 that debuted last year.

The new Wrangler Rubicon 392 is a limited-edition model and absolute powerhouse thanks to an SRT-tuned 6.4-liter V8 that develops 470 horsepower and 470 lb-ft of torque. That’s enough to propel this Jeep to 100 km/h in just 4.5 seconds.

Also new for 2021 is the Wrangler 4xe, a plug-in hybrid Jeep with 21 miles of electric-only range. Curiously, this will also allow for up to a few hours of quiet EV off-road driving.

In late 2021, customers will also be able to order a 2022 Wrangler with a 4.88:1 final drive. When equipped with this low ratio and 6-speed manual transmission, this Jeep becomes the first Wrangler to have a best-in-class 100:1 crawl ratio.

Similarities

high ground clearance; off-road-oriented driving characteristics; excellent off-road ability.

Advantages of the Land Rover Defender 2021

Hybrid transmission available; 6 in line super smooth; short front and rear overhangs.

Advantages of the 2021 Jeep Wrangler

Abundant engine choices, including hybrid and diesel options; huge support from the secondary market.

Which is good for me?

The 2021 Land Rover Defender 90 and 110 are 2- or 4-door off-road SUVs with a classic name but a thoroughly modern look and feel – and some seriously impressive off-road chops.

The 2021 Jeep Wrangler also offers 2-door and 4-door body styles. It’s an off-road-focused SUV with its own heritage, style and an impressive set of off-road software.

Ready to buy a Land Rover Defender or a Jeep Wrangler? Buy one on sale now near you.

Land Rover Defender 2021 2021 Jeep Wrangler
Popular powertrains
Motor 2.0 liter I4 3.6 liter V6
Powerful 296 hp at 5,500 rpm 285 hp at 6,400 rpm
Couple 295 lb-ft at 1,500-4,000 rpm 260 lb-ft at 4,800 rpm
Transmission 8-speed automatic 8-speed automatic
fuel economy 19 mpg (18 city/21 highway) 20 mpg (17 city/25 highway)
Also available 3.0-liter I6 hybrid 3.0-liter V6 turbodiesel; 2.0 liter turbo I4; 6-speed manual
Specifications
guarantee 4 years/50,000 miles 3 years/36,000 miles
Powertrain Warranty 4 years/50,000 miles 5 years/60,000 miles
NHTSA Safety Rating N / A 4 stars
Maximum seating capacity seven 5
Wheelbase 101.9-119.0 inches (90/110) 96.8-118.4 inches (2/4 dr.)
Total length 170.2-197.6 inches 166.8-188.2 inches
Width 78.6 inches 73.9 inches
Height 77.5-77.5 inches 73.6 inches
Turning diameter 37.1-42.1 feet 34.5 feet
Headroom, front 40.6 inches 40.7-42.6 inches
Headroom, rear 38.6-40.4 inches 40.2-41.7 inches
Leg room, front 39.1 inches 41.2 inches
Leg room, rear 36.6-39.1 inches 35.7-38.3 inches
Shoulder room, front 60.8 inches 55.7 inches
Shoulder Room, Rear 56.4-59.2 inches 55.7-57.7 inches
Passenger volume N / A 103.7 cubic feet

]]>