When you first received your structured settlement, getting regularly scheduled payments seemed like a pretty good deal. You had money to pay your bills, always knew when that next check would arrive. They were comfortably predictable. But maybe your situation has changed and things are a bit different now.

In life, the only thing you can really count on is change. Your life today isn’t the same as it was even a year ago, so why are your finances restricted by the same structured settlement payments from a different time in your life?

No one understands your financial situation better than you do, but here’s just a few reasons some previous customers wanted to sell their structured settlement payments:

• Paying off college loans or other debt
• Medical expenses
• A down payment on their dream home
• Money to start their own business

You have goals and dreams you want to make a reality, but maybe those regular payments can start feeling restrictive and might be holding you back from what you want to do. Maybe it’s going back to school, starting your own business, or putting a down payment on a home. The full amount of money you have in your structured settlement would go a long way in helping you achieve those, but not if you only get your money in those small scheduled payments.

You have a structured settlement, but you need cash now.

That sounds like something we might be able to help you with.

J.G. Wentworth Is The Industry Leader In Purchasing Structured Settlements

More than 25 years ago, J.G. Wentworth began providing customers with lump sums in exchange for their future payments. Since then, we’ve purchased more than $2.9 billion of future payments, making us the largest purchaser of structured settlements in the United States.

J.G. Wentworth’s extensive experience in purchasing structured settlement payments means that we can get you your money as soon as possible. We’re committed to offering industry-leading customer service, which is why we’re proud of our A+ rating from the Better Business Bureau.

How Much Can I Get?

Depending on the details of your settlement, you might be able to sell some or all of your future payments for a cash lump sum. When you speak to one of our representatives, they’ll let you know how much of your structured settlement payments you’ll have to sell to get the cash you need.

How much you get for your payments depends on the terms of your structured settlement and the determined payment schedule. You won’t be able to exchange those future payments today for their face value because the value of money changes over time. This is due to something known as the Net Present Value, or NPV for short.

Unless you spend a lot of time thinking about investments and financial markets, you might find the idea of Net Present Value a little confusing, so we tried to explain it for you in this video:

 

We have more than 25 years of experience in purchasing these future payments and our representatives take pride in helping you get the largest lump sum for your structured settlement payments.

What Payments Can I Sell?

Many people think that if you choose to sell your structured settlement payments, you have to sell them all. While some do make the decision to do this, most people find that they only need to sell some of their future payments to get the lump sum they need.

When you speak to one of our representatives, we’ll try to give you a few options for how to sell your future payments to us. You can then choose the option that makes the most sense for your situation.

Sell a Limited Number of Payments

Depending on how much cash you need, you may be able to sell a limited number of payments to get your lump sum. How this option works is that you’ll sell payments that you’d be scheduled to receive over a specified period of time in exchange for a lump sum. All your other payments outside of that set period will remain the same.

Sell A Portion of Every Payment

If you don’t like the idea of having your structured settlement payments end early, you can choose to sell a portion of each payment instead. If you choose this option, you’ll end up getting a little less on each settlement check, however you’ll still receive something in regular settlement payments.

If you want a larger lump sum, you might have the option of selling your entire structured settlement payment stream. You’ll stop receiving regular payments completely, but you’ll have more cash to work with after completing your sale.

Every sale is unique, and what option works best for you depends on how much cash you need now, what your payments look like, and what makes sense for your personal budget and situation. To learn more about the options you have for selling your structured settlement payments, you can read more about it , or give us a call and we’ll try to give you the answers you need.

How To Get Cash For Your Structured Settlement Payments

Before making the decision to sell your structured settlement payments, it’s important to think about how this will impact your finances. Right now, you budget based on receiving regular payments from your settlement, which after you receive your lump sum these payments may be reduced or gone altogether, so it’s important to plan accordingly.

Before making any decision, you may want to consult your financial advisor in order to understand exactly what selling your future payments would do for your budget. When you’re ready to know what your options for selling are, give us a call.

Contact a J.G. Wentworth Representative

After you fill out the online form or call our toll-free number, we’ll put you in contact with an experienced J.G. Wentworth representative. They’ll ask about your structured settlement and how much you’re looking to get as a lump sum.

Once your representative understands your settlement and how much money you need, they’ll offer you a few options for how we can help you get that cash. We’ll give you the details about each deal so you can review them and make the best decision for your unique situation.

There is no obligation to accept any offer if you decide you would prefer to keep your payments. This is a major decision, and one that you should only make with as much information as possible, which is why we’ll always give you a free quote, no strings attached.

We Take Care of the Paperwork for You

If you look over your options and decide selling your payments is the best choice, you’ll need to send us a copy of your structured settlement agreement, as well as a few other documents we’ll need for court. Selling your structured settlement payments usually requires a lot of legal paperwork.

Your J.G. Wentworth representative will let you know everything we’ll need from you for the process. If you can’t find some of the paperwork, don’t worry, your representative will walk you through the process of obtaining it and assist you in any way that they can.

Once we have all of the required documentation we will file a petition for the transfer of your structured settlement payments with the appropriate court.

A Judge Approves the Sale

All structured settlement payment sales must go before a judge. Structured settlements are awarded after a lawsuit or injury claim is settled. It is required that if you wish to sell your payments, the sale must be determined by a judge to be in your best interest.

This is an important step, but one that J.G. Wentworth makes easier thanks to our familiarity with the laws and 25 years of experience to draw on.

You Get Your Cash

Once the sale is approved, you get your lump sum. In many cases, you’ll have the money in your account or a check in hand in as little as three business days after the approval to purchase your future payments has been received.

After that, you’re free to spend the money per your needs. No extra paperwork, just your own cold hard cash available now, instead of locked up in payments far in the future.

We’re Here if You Need Money Later

If you didn’t sell all your structured settlement payments, you’ll continue to receive those you have remaining at the same schedule you did prior to the sale. However, what if you need another lump sum? It’s still your money, after all.

If you’ve already sold a portion of your structured settlement you may still have the option to sell part or all your remaining payments. We’ll be happy to give you your options, even if we weren’t the ones who purchased your structured settlement payments during that first sale.

It’s Your Money: Use It When You Need It

At J.G. Wentworth, we believe that everyone should have the opportunity to access their money, when they need it, since no one understands your finances better than you do. For more than 25 years, we’ve helped customers meet their needs . If you have a settlement, but you need to access that cash now, give us a call and we’ll let you know how we can get you your lump sum.

If you bought a house with a down payment of less than 20 percent, your lender required you to buy mortgage insurance. The same goes if you refinanced with less than 20 percent equity.

Private mortgage insurance is expensive, and you can remove it after you have met some conditions.

How to get rid of PMI

To remove PMI, or private mortgage insurance, you must have at least 20 percent equity in the home. You may ask the lender to cancel PMI when you have paid down the mortgage balance to 80 percent of the home’s original appraised value. When the balance drops to 78 percent, the mortgage servicer is required to eliminate PMI.

Compare mortgage rates on Bankrate.com.

Although you can cancel private mortgage insurance, you cannot cancel Federal Housing Administration insurance. You can get rid of FHA insurance by refinancing into a non-FHA-insured loan.

Canceling PMI sooner
Here are steps you can take to cancel mortgage insurance sooner or strengthen your negotiating position:

Refinance: If your home value has increased enough, the new lender won’t require mortgage insurance.
Get a new appraisal: Some lenders will consider a new appraisal instead of the original sales price or appraised value when deciding whether you meet the 20 percent equity threshold. An appraisal generally costs $450 to $600. Before spending the money on an appraisal, ask the lender if this tactic will work in the specific case of your loan.
Prepay on your loan: Even $50 a month can mean a dramatic drop in your loan balance over time.
Remodel: Add a room or a pool to increase your home’s market value. Then ask the lender to recalculate your loan-to-value ratio using the new value figure.
Refinancing to get out of PMI
When mortgage rates are low, as they are now, refinancing can allow you not only to get rid of PMI, but to reduce your monthly interest payments. It’s a double-whammy of savings.

The refinancing tactic works if your home has gained substantial value since the last time you got a mortgage. For example, if you bought your house four years ago with a 10 percent down payment, and the home’s value has gone up 15 percent over that time, you now owe less than 80 percent of what the home is worth. Under these circumstances, you can refinance into a new loan without having to pay for PMI.

Many loans have a “seasoning requirement” that requires you to wait at least two years before you can refinance to get rid of PMI. So if your loan is less than 2 years old, you can ask for a PMI-canceling refi, but you’re not guaranteed to get approval.

What mortgage insurance is for
Mortgage insurance reimburses the lender if you default on your home loan. You, the borrower, pay the premiums. When sold by a company, it’s known as private mortgage insurance, or PMI. The Federal Housing Administration, a government agency, sells mortgage insurance, too.

Know your rights
By law, your lender must tell you at closing how many years and months it will take you to pay down your loan sufficiently to cancel mortgage insurance.

Mortgage servicers must give borrowers an annual statement that shows whom to call for information about canceling mortgage insurance.

Getting down to 80% or 78%
To calculate whether your loan balance has fallen to 80 percent or 78 percent of original value, divide the current loan balance (the amount you still owe) by the original appraised value (most likely, that’s the same as the purchase price).

Formula: Current loan balance / Original appraised value

Example: Dale owes $171,600 on a house that cost $220,000 several years ago.

$171,600 / $220,000 = 0.78.

That equals 78 percent, so it’s time for Dale’s mortgage insurance to be canceled.

Other requirements to cancel PMI
According to the Consumer Financial Protection Bureau, you have to meet certain requirements to remove PMI:

You must request PMI cancellation in writing.
You have to be current on your payments and have a good payment history.
You might have to prove that you don’t have any other liens on the home (for example, a home equity loan or home equity line of credit).
You might have to get an appraisal to demonstrate that your loan balance isn’t more than 80 percent of the home’s current value.
Higher-risk properties
Lenders can impose stricter rules for high-risk borrowers. You may fall into this high-risk category if you have missed mortgage payments, so make sure your payments are up to date before asking your lender to drop mortgage insurance. Lenders may require a higher equity percentage if the property has been converted to rental use.

Dayton Freight Lines, Inc

Mortgage insurance loan allows some people loan to purchase or refinance a home with less than 20% down payment or equity.While it provides a service and helps more loan homeowners into homes, mortgage insurance is an added cost that should be canceled as soon as possible. First I’ll discuss the two main categories of mortgage insurance and then how to cancel each.

It seems like every time you turn on the television, you encounter a commercial that asks whether you’re paying too much for your car insurance. Chances are your insurer won’t be champing at the bit to tell you the answer, so the burden is on you to find out. But with an Internet connection and a little planning, you can do it on your lunch hour.Whether you’re shopping for your first policy or looking for a better rate, going online is a gateway to a world of auto insurance quotes and information about the companies that issue them. As you’ll see, low cost is just one factor to consider. Let’s take a look at five tips to keep in mind when you go online to buy car insurance.

There are three loan ways to implement this kind of mortgage company marketing strategy, depending on what type of company you have. Here’s how local, regional, and national companies can approach it:Local mortgage companies can double or triple loan their website traffic by publishing local housing and mortgage information. That’s a conservative statement. We’ve actually witnessed a tenfold increase in web traffic (e.g., 20 visitors per day becomes 200 visitors), especially with companies that didn’t have much of an internet “footprint” before launching a loan publishing program.

Example: a company that does business in Austin, Texas would be wise to publish loan internet articles about “Austin mortgage rate trends.” There’s less search-engine competition at the local (city / metro) level. So it’s easier to rank well for these phrases in Google, Yahoo and Bing.

So, what else do you write about? What kind of loan website content works best for generating traffic and leads? Here are some of the most popular local topics among mortgage shoppers:

While the property/casualty industry has reported three consecutive years of significant underwriting profits, the commercial auto market as a whole reported an underwriting loss for the fifth consecutive year in 2015

In short, U.S. commercial auto insurance has evolved into a “chronically underperforming product segment” for U.S. property/casualty insurers, according to Fitch Ratings.
At the same time, Fitch notes, a number of carriers underwriting the line continue to do well.

Underwriting losses have accelerated with the segment statutory combined ratio rising to approximately 109 for the latest year. The commercial auto combined ratio averaged 106 from 2011-2015, according to analysts at Fitch.

Consumer direct marketing loan is all the rage within the mortgage industry right now. It will probably be one of the most ubiquitous buzzwords in 2015 as well. loanTruth is, consumer direct mortgage marketing has been around for a long loan time. Smart companies have been using it for years, while others are just getting on board with the idea. In this article, I’ll explain what this strategy is, and how loan you can use it to grow your business in 2015 loan.