Every year, we greet our loved ones with have a prosperous new year. We dont mind it at all and just hears it as a New Year greeting without any meaning to it. How weird it is when in fact, it has always been what we long for every time the year starts. You may have wished for it last year but did you really get it? Did you have a prosperous new year or is it otherwise? Statistics show that only twenty percent of those who have resolutions stick...more
Many homeowners are looking to refinance their house and save money on their monthly payments. Although this is a great option when you are in financial trouble, refinancing with the wrong term could create more financial issues. Many borrowers do not know they can choose a different term for their mortgage loan. Paying for a longer term means you are paying a higher interest rate. It also means you are paying more of your monthly payment towards...more
Do not give into sales talks or insurance agents persuasive comments which make you feel that it is a mandatory policy that you should have if you want a mortgage loan. Clearly understand the terms of the policy and find out till what period are you covered for? You must mention till the age of retirement in the form itself, if you want to be covered till the period of retirement. How many consumers would have taken up this cover if they had known that at the very time they needed the protection the most, the price of it could significantly increase or the amount of cover decrease?What ever specifications you may need, clarify this with your policy seller. Some may not cover voluntary unemployment and most of them will not cover you for self employment. If you are self employed and you are made to buy this policy it will not serve good to you. Make sure that it is the right policy for you and gives you the coverage that you require. There is no point in buying a policy which will not cover self employed people and you run your own business. You may end up paying a lump some EMI (Equated Monthly Installment) on the policy. Little do you know that in case of accident, sickness or...more
Could it be that sophisticated intelligence is only a sliver of a factor when it comes to our success? The answer is that the most effective plans for achieving financial freedom are also the simplest, and that's why the four bucket financial system works so well. Let's look at how...Wealth Building By: bradpreece27 About the Author...more
Financing the purchase of a real estate property is one of the applications of commercial mortgages. You can tread the path to becoming a real estate owner by financing for a commercial property with a mortgage loan. Paying mortgage payments is a gradual process on completion of which you will get the absolute ownership of the property. Making...more
There's a massive difference between being wealthy and being rich. Not all rich people can be wealthy but all wealthy people can be rich. Confused!?...let me explain.If you are a millionaire, are you by default wealthy? Ahmm, not necessarily so. A millionaire by definition is someone whose net worth (asset value minus debt) exceeds a millionaire dollars/euros etc. However, if a person did have 1 million in assets but these assets were not generating income then that person by my definition is rich but not wealthy. Why Making Money Won't Make You RichYou can make a lot of money and still be broke. I know many people who have made millions of dollars in the course of their life but are now neither rich nor wealthy. Why is this? Well, not all people are blessed with naturally good money management and investment skills. Some people can be more interested in living a certain lifestyle now rather than planning and building an asset base that will enable them to live the lifestyle they want for the remainder of their lives. It's not how much money you make that matters, but how much money you keep. How Rich is Rich?We often say so-and-so is rich because he or she has a high-income...more
About Finding the Best Mortgage Protection Insurance Mortgage protection insurance is a must today. Mortgage protection helps the insurer ensure that his/her family retains the home even after his/her unfortunate death. However, there...more
UK Mortgage Insurance-Need for Mortgage Protection InsuranceInsurance is a great way to safeguard your self from the uncertainties in life. Mortgage Payment Protection Insurance is designed to protect you from getting into debt or missing the...more
An Essential Introduction to Mortgage Insurance Rates One of the wisest and most important decisions that a homeowner would ever make in order to secure the future of his dependants is to buy adequate mortgage life insurance coverage...more
Choosing the best mortgage rate Canada is the highest thing on every persons mind when trying to get a home mortgage. These days, there are numerous brokers who seem to be ready to deliver you extremely good offers. In addition, you might unearth...more
Why do you see numerous line items on your mortgage statement? Whatever happened to just principal and interest? That is why most buyers want to know as they check out their first mortgage statement. Moreover, borrowers wish to know that they can...more