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Beneficial Bank - Frequently Asked Questions (FAQ)
To apply for loans, mortgages, or for information on Beneficial products: 1-888- 742-5272. To apply for a Home Equity Loan, press "1"; To apply for a Mortgage, .
https://www.thebeneficial.com/faq.asp

What?

Should You Pay Off Your Home Mortgage Early or Invest?
Mar 5, 2008 . The bank still owns your house until you pay off that last penny. . Prepaying newer mortgage is more beneficial than prepaying mortgage . however, it is impossible to “tell” you what to do based upon the information above.
http://www.moolanomy.com/474/dave-ramseys-baby-step-6-pay-off-home-early/

  • Social Security number and income
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BENEFICIAL MORTGAGE CO. LOAN PAYOFF RAPE
Apr 16, 2012 . Comments on BENEFICIAL MORTGAGE CO. LOAN PAYOFF RAPE. • Keep the topic of messages relevant to the subject. • Personal attacks .
http://beneficial-mortgage.pissedconsumer.com/beneficial-mortgage-co-loan-payoff-rape-20120416312619.html

How?

Is it Really Beneficial to Pay Off Your Mortgage? - Yahoo! Voices ...
Jul 7, 2008 . As interest rates rise, is it really smart to pay off your mortgage? . It is beneficial for you to hold onto that money and accumulate it. . read here very informative and so helpful to many, thanks for this wonderful info as always!
http://voices.yahoo.com/is-really-beneficial-pay-off-mortgage-1597445.html

Reasons beneficial mortgage payoff information can share your personal information
Reasons we can share your personal information Does beneficial mortgage payoff information share? Can you limit this sharing?
For our everyday business purposes -
such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus
Yes No
For our marketing purposes -
to offer our products and services to you
Yes No
For joint marketing with other financial companies Yes No
For our affiliates' everyday business purposes -
information about your transactions and experiences
Yes No
For our affiliates' everyday business purposes -
information about your creditworthiness
Yes Yes
For our affiliates to market to you Yes Yes
For nonaffiliates to market to you Yes Yes

To limit our sharing

How to pay off your mortgage early (4 ways)
Oct 28, 2009 . These are 4 simple ways to pay off your mortgage early! . Could you tell me if you have any information on the news that Obama put out about . Hence, any hogwash about how beneficial it is to be able to deduct mortgage .
http://christianpf.com/pay-off-your-mortgage-early/

Please note:

HFC
Offers mortgage refinancing, home equity loans and personal loans for homeowners.
http://www.hfc.com/

Is an Early Mortgage Payoff for You?
There are real pros and cons to an early mortgage payoff. . Large lump sum payments earlier in a mortgage are much more beneficial than monthly additional . The information contained in WealthPilgrim.com is for general information or .
http://wealthpilgrim.com/early-mortgage-payoff-a-good-idea/

Paying Off Your Mortgage | Truthful Lending
Apr 11, 2008 . In this article we break down early mortgage payoff into simple chunks you . are truly beneficial to homeowners, but we'll leave that up to you to decide. . carefully using all of the information we've gone over in this article.
http://truthfullending.com/paying-off-your-mortgage/

Questions?

The Benefits Of Mortgage Repayment
Oct 26, 2011 . The first and most obvious reason to pay off your mortgage as soon as . (For more information on mortgages, see Shopping for a Mortgage .
http://www.investopedia.com/articles/pf/05/payoffmortgage.asp

Who we are
Who we are
Who is providing this notice?

10 Reasons You Should Never Pay Off Your Mortgage » My Money ...
Oct 28, 2007 . Actually, the #1 reason to never pay off your mortgage is so you can pay more of your . None of the questions provide enough information to make any type of . In my opinion, paying off the mortgage early is ore beneficial .
http://www.mymoneyblog.com/10-reasons-you-should-never-pay-off-your-mortgage.html

What we do
What we do
How does beneficial mortgage payoff information protect my personal information?

Early Payoff of Mortgage - How To Information | eHow.com
Early Payoff of Mortgage how to articles and videos including How to Determine . Is it beneficial to send half of your mortgage monthly payment at the beginning .
http://www.ehow.com/early-payoff-of-mortgage/

Five Ways To Pay off Your Mortgage Faster | Mortgage Reference ...
You can pay off your mortgage quicker by signing up for a biweekly or . These programs are most beneficial on a 30 year mortgage and you can cut up to 8 or . The information contained in this article on 'Five Ways To Pay off Your Mortgage .
http://www.brokeroutpost.com/reference/23617.htm

How does beneficial mortgage payoff information collect my personal information?

We collect your personal information, for example, when you:

  • apply for a loan or open an account
  • pay your bills or file an insurance claim
  • give us your contact information

Why is my payoff amount different than my principal balance?
Interest on a mortgage loan is paid in arrears, meaning the current month's . For on-line inquiries, searches are by property address or parcel number only. . To obtain a payoff statement from Household (or Beneficial), you may contact .
http://www.querycat.com/question/77c7ba6202929f0569c4ee8fdda13a28

Why can't I limit all sharing?

Federal law gives you the right to limit only

  • sharing for affiliates' everyday business purposes-
    information about your creditworthiness
  • affiliates from using your information to market to you
  • sharing for nonaffiliates to market to you

Consumer complaints about Beneficial
My husband went to Beneficial in 2007 and took our current mortgage then after I . I get the payoff and then they say you can press 7 to speak to a customer . After they got all of the new information, my husband was receiving full pay again.
http://www.consumeraffairs.com/finance/beneficial.html

What happens when I limit sharing for an account I hold jointly with someone else?

The Compliance Connection
Regulatory News for Virginia Mortgage and Consumer Finance Companies . and Beneficial Mortgage. . deliveries of payoff information are not allowed and .
http://www.scc.virginia.gov/bfi/news/cc/cc_sum04.pdf

Definitions
Definitions
Affiliates

10 Strategies for Paying Off Your Mortgage Early
Oct 11, 2010 . Pay off your home mortgage early using some tried and true methods. Plus, one . Treat a 30 like a 15? is great information. Many people think .
http://www.vertex42.com/blog/money/debt/10-strategies-for-paying-off-your-mortgage-early.html

  • Beneficial Mortgage Companies Profile
    Our tradition of caring has made Beneficial the name people trust when they need help . at beneficial, that you have to discuss your information with each of them, instead . I requested a payoff just this week and upon receiving the payoff, the .
    http://www.afscanhelp.com/companies/mortgage-companies/beneficial.cfm

Nonaffiliates

HSBC Mortgage Services
Get a detailed description of HSBC Mortgage Services, the mortgage servicing division of HSBC North America Holdings Inc. Find its corporate address, fax, phone and . of its home loan divisions like Household Finance and Beneficial Financial. . option if the value of your property is not enough to payoff mortgage loan.
http://mortgage.realestatezing.com/hsbc-bank/mortgage-services.html

  • Does homeowners insurance pay off your mortgage if the house is lost
    You usually will not need to pay off the mortgage yourself. The check . Who took over the Home Beneficial Life Insurance Company? Answer it! . Do you have to add your child to your auto insurance policy if they do not live at your address?
    http://wiki.answers.com/Q/Does_homeowners_insurance_pay_off_your_mortgage_if_the_house_is_lost

Joint marketing

Pay Off Your Mortgage vs Pay Down Your Mortgage : Money Smart ...
Aug 4, 2010 . Should you pay off your mortgage, pay down your mortgage, or simply just . should pay it down and when it may be beneficial to pay the mortgage off early is . Get others like it simply by entering your email address below.
http://moneysmartlife.com/payoff-mortgage-early-vs-paydown-mortgage/

  • Is Early Mortgage Payoff a Good Idea - Ask.com
    Find 18 questions and answers about Is Early Mortgage Payoff a Good Idea at Ask.com Read more. . Enter your home mortgage information into the early mortgage payoff . Is it beneficial to send half of your mortgage monthly payment at the .
    http://www.ask.com/questions-about/Is-Early-Mortgage-Payoff-a-Good-Idea

Other important information

Debt Consolidation Plan Backfires - ABC News
Beneficial solicited the couple for other offers, including using equity in their home to pay off debts. . debt consolidation plan to pay off their credit cards by boosting the mortgage on their home . Do you have more information about this topic?
http://abcnews.go.com/Business/story?id=87900&page=1

How to Pay Off Mortgage Debt Early
How to pay off mortgage early: Learn how to successfully reduce the length of your loan and the . This type of early pay-off strategy is particularly beneficial to those who rely heavily on annual . This is a great hub, with solid information.
http://lrohner.hubpages.com/hub/how-to-calculate-mortgage-interest-payments

Mortgage Refinance | Buzzle.com
In this article we will take a look at some refinancing mortgage tips which can help you . Refinancing indeed can prove to be beneficial in the long run. . Here's some information on how to remortgage your house along with the process. . a credit creation facility that helps the borrower to pay off his previous loans or debts.
http://www.buzzle.com/articles/home-mortgage-refinance-loans/

Short Refinance / Payoff Information
Senior Financial Solutions: We help Senior Citizens with mortgage difficulties work out . Short payoffs are more beneficial to a lender than a foreclosure.
http://srfinsol.com/Short_20_Payoff_20_Information.html

Should You Pay Off Your Mortgage Early?
Dec 1, 2010 . Disclaimer: All information provided at Get Rich Slowly is for . (1748); Is a Money Merge Account a Good Way to Pay Off Your Mortgage? . goes down, but there are situations where the tax benefit is extremely beneficial.
http://www.getrichslowly.org/blog/2010/12/01/should-you-pay-off-your-mortgage-early/

Notice to customers with credit-related insurance products

Frequently Asked Questions for the Privacy Regulation
These entities include, but are not limited to, mortgage lenders, "pay day" lenders . I do not disclose information about my customers or consumers to anyone, except . a legal or beneficial interest relating to the consumer," or under the appropriate . In your case, for example, you may disclose loan pay-off information to a .
http://www.ftc.gov/privacy/glbact/glb-faq.htm

Penalties & Laws for Early Mortgage Payoffs | eHow.com
Early mortgage payoff penalties or prepayment penalties were common during the . Is it beneficial to send half of your mortgage monthly payment at the . Borrowers can use a payoff statement to receive information on the total amount of .
http://www.ehow.com/info_8252540_penalties-laws-early-mortgage-payoffs.html

Special notice for residents of California

Mortgage Refinance Key Terms - Business Guides & Articles ...
Know important mortgage refinance key terms when you consider your available . Try: TheTruthAboutMortgage.com offers more information on rate and term . rate mortgage, refinancing may be beneficial to lower the interest rate and pay off .
http://www.business.com/guides/mortgage-refinance-key-terms-34837/

Special notice for residents of Vermont

Extra Mortgage Payment Equals Big Payoff. »
Jan 12, 2012. to share with you this information that could be really beneficial to you and your . Making an extra payment per year, you typically could pay off your . To calculate your actual payment information, use our Mortgage Extra .
http://blackdogrealestate.com/extra-mortgage-payment-equals-big-payoff/

Special notice for residents of Texas

Refinance to Lower Your Monthly Expenses
Remember that the interest you pay on your mortgage is tax deductible, where as the interest on . A good way to figure how beneficial a refinance can be if you are paying off debt is to figure how long and at what cost it will take to pay off you current debts at the payment levels you are currently making. . Loan Information .
http://www.lendermark.com/refinance_to_lower_your_monthly_expenses.htm

15 USC § 1639 - Requirements for certain mortgages | LII / Legal ...
(B) “If you obtain this loan, the lender will have a mortgage on your home. . “ When payoff information referred to in subparagraph (A) is provided by . case of a high-cost mortgage, change the terms of the loan in a manner beneficial to the .
http://www.law.cornell.edu/uscode/text/15/1639

bad credit student loans without cosigner† to access a printable version of the beneficial mortgage payoff information Privacy Notice

Revised: May, 2011

Online Privacy Practices

Max Out Retirement Savings or Pay Off the Mortgage?
Should you max out your retirement savings or pay off your home mortgage? . Additionally, depending on your current mortgage rate, it may be beneficial to consider . We do our best to maintain current information, but due to the rapidly .
http://www.onemoneydesign.com/max-out-retirement-savings-or-pay-off-the-mortgage/

Mortgages Guide - Life123
Most mortgages have a 30-year term, but there are mortgages that are for 20, 15 or 10 years. . means that any interest you don't pay off at first will be added to your loan balance. . If you cash out early, the points you bought are less beneficial and the fees aren't . Start gathering that info now, well before you even apply.
http://www.life123.com/career-money/real-estate/mortgages/mortgages-guide.shtml

Three Beneficial Ways to Use a Reverse Mortgage
Dec 23, 2011 . Pay Off an Existing Mortgage Loan . http://www.seniorreversemortgage.com for a reputable reverse mortgage lender and more information.
http://ezinearticles.com/?Three-Beneficial-Ways-to-Use-a-Reverse-Mortgage&id=6776842

Is the Home Mortgage Interest Tax Deduction a Good Deal?
Sep 14, 2011 . Interest payments on home mortgages have long been tax . tax deduction is undoubtedly beneficial to those with mortgages, many people use it as . should pay off your mortgage early – with the alternative being to keep your . Notify me of followup comments via e-mail (must use valid e-mail address) .
http://www.fivecentnickel.com/2011/09/14/is-the-home-mortgage-interest-tax-deduction-a-good-deal/

Refinance Calculator: know how much you can save through ...
Mortgage refinance calculator tells you how much you can save at current refinance rates. . Simply enter information like principal loan balance, and current payment . cash you're taking out, for debt consolidation / payoff, home improvement, . EDITOR'S REPLY: It may be beneficial to seek an IRRRL (an Interest Rate .
http://www.calculators4mortgages.com/mortgage-calculator/refinance

Payoff Amount At Beneficial Finance
Miles enlarge quick online payday payoff amount at beneficial finance loans . The fed funds rate isn't directly related to long term mortgage rates, but you can . they can be based on information that the firm has that the market does not have.
http://dfstories.com/images/subordinate/refinement/payoffamountat.html

Pre-Retirement Mortgage Payoff? | AdviceIQ
Mar 15, 2012 . So losing the mortgage millstone seems like a very good thing. . mortgage is senseless unless you are planning to retire at your current address. . If you're unsure which choice would be most beneficial to you, consider .
http://adviceiq.com/node/154

Article: Paying off home mortgages early
One of the primary family goals should be to pay off houses as soon as possible and then put the money that was being used for a mortgage payment into .
http://www.crown.org/Library/ViewArticle.aspx?ArticleId=470

Last Revised: December, 2010

A Solar-Powered Home: Will It Pay Off?
Jan 14, 2010 . A PV solar array may be very beneficial in areas where this sort of time-varying . should also contact their local utilities to find more specific information. . the investment is financed (for the homebuyer) through the mortgage.
http://www.investopedia.com/articles/mortgages-real-estate/10/solar-power-home.asp

Land Contracts: Why and When a Land Contract Makes Sense - The ...
Likewise, selling a home by way of a land contract can prove beneficial to the . is purchasing and the seller does not payoff existing mortgages by the time the . rely solely on the information contained on the site for making legal decisions.
http://www.standardlegal.com/law-library/Land-Contract-Overview.html

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Common FHA Questions courtesy of Equity Home Mortgage, LLC
What makes a FHA insured mortgage beneficial? . A great source for FHA forms and information is http://www.hud.gov/library/index.cfm. . So if you pay off the loan on the 15th of a month, you will pay interest through the end of the month.
http://www.equityhome.com/fhacommonquestions.html