LIBORATED.com Announces Official Launch
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Web site is dedicated LIBOR index, discusses borrowing and wealth management strategies tied to LIBOR CALABASAS, Calif.--(Business Wire)-- LIBORATED.com (www.liborated.com), the number-one online LIBOR resource, today announced its official launch as an independent Web site dedicated to the LIBOR index. LIBORATED.com provides information on LIBOR and summaries of finance and business news relating to LIBOR itself and financial products and instruments with rates tied to the index. LIBORATED.com also presents LIBOR-oriented editorials, case studies and loan product reviews. Established in 1986, LIBOR stands for London Interbank Offered Rate. Compiled and published by the British Bankers` Association (BBA), LIBOR is an average of interest rates "contributor banks" charge for short-term, unsecured loans in the interbank market. This bank-to-bank lending is an indicator of banks` overall willingness to lend and is used as a rate index for a global array of financial contracts, such as mortgages and bonds, worth over $300 trillion per estimates. The BBA announces LIBOR rates in 10 currencies and multiple maturities every business day at 11 AM GMT. Paul Wylie, a mortgage and real estate industry veteran and author, is founder of LIBORATED.com. "LIBOR has become increasingly important to global finance," said Mr. Wylie. "LIBOR has a direct effect on market mood and cost of funds. Borrowers, business owners, and investors will benefit greatly when they understand LIBOR and investigate financial products that are pegged to LIBOR rates." LIBORATED.com describes its service to "the borrower/investor who has a long-range view and feels comfortable with fluctuation, is willing to take informed, calculated financial risks such as higher insurance deductibles, and understands the management of risk to maximize monthly cash flow." LIBORATED.com discusses the potential advantages of adjustable rate mortgages and hybrid mortgages (fixed for a period before switching to adjustable) with interest rates based on the LIBOR index. The site also examines small business loans pegged to LIBOR, with an emphasis on borrowing for business expansion. LIBORATED.com identifies borrowers who could potentially benefit from "LIBOR loans" including people purchasing or refinancing high end residential properties, small business owners, commercial property owners, and investment property owners. "LIBOR loans can be an excellent strategy for buying personal residences and investment properties and for accessing business capital," said Mr. Wylie. "These loans can maximize cash flow when rates are favorable but require risk management and financial planning to deal with rate increases. LIBOR loans are best suited for sophisticated borrowers who can achieve a level of financial liberation we call `LIBORATED.` Our site is designed to attract and inform this type of borrower." About LIBORATED.com: LIBORATED.com provides sophisticated consumers, homebuyers, homeowners, investors, and professionals with timely LIBOR index news, rates, opinion, LIBOR-based loan product reviews, and educational tools and analysis that convey the benefits and risks associated with LIBOR-based loan products. LIBORATED.com is not affiliated with the British Bankers` Association (BBA) or any financial institution. To learn more, visit www.liborated.com. LIBORATED.com Jason Karpf 805-413-2454, office 805-558-9000, cell jason@jasonkarpf.com Copyright Business Wire 2009
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