Repayment remortgages is the cure for outdated endowment policy
on 2012-01-28
If bulls and the bears of the stock market have no effect on
your mortgage plan then you must apply for endowment to
repayment remortgage. An endowment mortgage is a financial
product offered mainly in the UK. Endowment mortgage comprise of
an interest only loan secured on your mortgage and an investment
in the stock market. As against an ordinary repayment mortgage,
the customer pays only the interest on the capital. The balance
goes into the endowment fund. This stock oriented ...More…
How To Find The Lowest Rate Possible
on 2012-01-27
The quest is on! You're in the market for a new home loan, a
refinance, or a consolidation and you absolutely insist on
finding the lowest rate possible! So what better place to do
your research, then here on the internet, late at night, with
your coffee in hand, and your family fast to sleep!
We'd like to help you on your quest, so here are 3 free tips
that we think will speed up your journey, and move you to
success:
1.Benchmarks 2.Comparisons 3.Apples and Oranges
1.Benchmarks:
You have to ...More…
OH !!!!! -- That Little Eye Of The Needle
on 2012-01-26
An article about Christian principles and financial success.
First Published Fall 1992
This article is reprinted from my previous client newsletter and
is republished by request and because it ties in with this issue
of our newsletter.
For years I was troubled by a passage in the bible that hampered
my career. The passage is in the New Testament, in the gospel of
Mark, Chapter 10, Verses 23 26. It is as follows: " How hard it
is for those who have riches to enter the kingdom of God! It ...More…
Balancing Your 3 Wealth
on 2012-01-25
Material Wealth Very often, in our pursuits for material
comfort, we neglect our spiritual and emotional well-beings. Who
can blame Singaporeans for being so overly obsessed with
material wealth? In Singapore, we are socially conditioned to
equate success with driving a big car, owning a private property
and vacationing overseas twice a year. Such a narrow minded
definition of success results in us becoming a nation with no
souls. That is not to say, material wealth is bad. We need money
to ...More…
5 Magic Points
on 2012-01-24
Buying a Home is the American Dream. It is more than a place
you put your hat at the end of the day. It defines you, protects
you, and prospers with you. Yes, Home Ownership is a noble
pursuit, but it always starts with this first, important
question: Should I buy or Rent my Home? The answer,
surprisingly, is not so obvious.
Now the question of 'affordability' is an important one, but
that's not the subject of this article. We have a free
calculator at our website. You're welcome to use it. ...More…
Interest Rates Up, Up and Away?
on 2012-01-23
Interest rates have been at their lowest levels in over 40
years. U.S. consumers have been able to purchase previously
unaffordable homes, cars and other toys. Many have used cheap
home equity loans to remodel, take vacations and pay off credit
cards. Students have taken advantage of the rock-bottom student
loan rates.
But, interest rates look to be headed up. Recently, Alan
Greenspan and the Federal Reserve escalated the Fed funds rate
from 1% to 1.25%. So, what does that mean to you and ...More…
Avoiding The Bi-Weekly Payment Scam
on 2012-01-22
Avoiding The Bi-Weekly Payment Scam by Dave Czach
On the surface, the Bi-Weekly Mortgage Reduction Plan seems
great. You divide your mortgage payment in half and pay it every
two weeks into a large escrow account. The escrow service
company then pays your payment every month on your behalf. The
amount they pay is equal to your regular payment plus 1/12 of
one payment. The extra 1/12 is applied directly towards your
principle balance - not interest. Thus, shaving approximately
9.1 years off a 30 ...More…
Bankers in Denial
on 2012-01-21
Denial is a ubiquitous psychological defense mechanism. It
involves the repression of bad news, unpleasant information, and
anxiety-inducing experiences. Judging by the German press, the
country is in a state of denial regarding the waning health of
its economy and the dwindling fortunes of its financial system.
Commerzbank, Germany's fourth largest lender, saw its shares
decimated by more than 80 percent to a 19-year low, having
increased its loan-loss provisions to cover flood-submerged ...More…
401k Hardship Withdrawals - An Overview
on 2012-01-20
Like loans, hardship withdrawals are allowed by law, but your
employer is not required to provide for them in your plan.
Again, most companies do, but some don't. The cost of
administering such a program can be prohibitive for many small
companies. Check with your Human Resources department if you're
not sure if your plan allows hardship withdrawal. Like loans,
your employer must adhere to some very strict and detailed
guidelines.
The IRS code that governs 401k plans provides for ...More…
Personal Finance 101
on 2012-01-19
The subject of personal finance is very broad, but as a
beginning, I would like to discuss what I consider the
foundation of personal finance: security.
Security
Security to me means that I am prepared for the "hit by a bus"
scenario.
I have life insurance to provide for my wife and children.
Health, disability, auto and home insurance policies also
provide me additional protection in their respective areas. I
also have a list of where these policies are, who my agents are,
phone numbers and ...More…