How a Home Equity Loan Refinance Can Save You Money – Should You Refinance Your Texas Home Loan?

In Texas you can refinance your home as well as your investment property. And with today’s low mortgage rates, lots of people are doing just that using home equity loans

Plus some are doing the two-birds-one-refinance-approach: Refinance the home and pull cash out.

When it comes to refinancing, you have two options. A “rate and term” refinance or a Texas home equity loan “cash out” refinance.

With a home equity loan you pull equity out of your home or investment property.

Most people refinance to get a lower rate; this is called a “rate and term” refinance. One is keeping the same loan amount, they are just lowering or changing the rate or term of the mortgage.

Maybe they are moving out of a 30 year note to a 15 year note. This is called a rate and term refi because they are just changing the rate or the term of the original loan.

Lower mortgage rates do mean lower payments. But some clients choose a “cash out” refinance (Home Equity loan)- which means they pull equity (cash) out of their homes or investment properties for other purposes …like paying off debt or buying additional property.

For example, let’s say a family has a $450 car payment where they owe $15000. If they have enough equity in their home, it’s common for a family to refinance the home and pull enough cash out of their home to pay off other costly debt; like credit cards, cars, etc. The house payment might go up $50 but the car payment is eliminated. So a family has $400 more each month.

Some suggest against home equity loans to pay off debt stating it’s not wise to take a 3-5 year debt and spread it across 15-30 years. And these people are right. However, when I help a client save $400-500, sometimes $1000/month now these families can afford to pay extra on their 30 year mortgage and pay it off in 12-15 years.

In fact, most of the time a family will pay their home off earlier-after a home equity loan-than they would have before.

You can always call us to see if Texas home equity loan cash out refinance makes sense for you.

Home Equity Rules

Home equity loans have slightly higher rates than traditional rate and term refinances because one is raising the original loan amount. Plus when one pulls cash out of a home or investment property this is a higher risk loan. Higher risk = slightly higher rate.

And in Texas you are limited to 80% of your home’s value. Meaning if your home is worth $200,000, the most your new loan could be is $160,000. If you owe 100K, you could take out 60K or up to 80%

Then there’s the 3% home equity rule: This means the total fees associated can’t exceed 3% of the loan amount. This mostly effects those with smaller home loan balances. For example, if your home is only worth 75,000 and we are limited to 80%-your loan could only be 60K. 3% of 60k is $1800. So if your title company charges $700 for the title policy and your appraiser charges $325 and the bank charges $500 to underwrite your loan it’s not hard to be over 3%. This would mean the mortgage company could only charge $275 to be under the 3% rule.

12 day Home Equity Rule, 3 day wait-until-we-fund rule:

In Texas we have to wait at least 12 days from mortgage application to close. I even have to get a special 12 day letter signed. Then once we close, we then can’t fund the home loan for 3 days. Texas has weird home equity refinance rules so you want to work with an experienced mortgage company who does a lot of these type of loans. If you have additional questions, please call us at 512-996-8194, we help people all over Texas.

For many people home equity refinances can be a great way to jump start a new financial plan. I offer them to my clients to help them: Get out of debt, pay off bills, have more money to save and invest. My clients have saved hundreds each month by paying off high interest credit cards. My personal record is saving a family $1000/month using a home equity loan.

Once they save this money they plan to pay extra on their mortgage so they pay a 30 year note in 15 years. So used correctly, a home equity mortgage is a great way to move forward financially.

After 5 years in the mortgage business I’ve come up with my personal lending philosophy. Because anyone can do a home loan. However, my business is helping move people forward financially-starting on the mortgage level; the biggest expense for a family.

Most of my clients know my personal philosophy with mortgage lending. There are lots of mortgage people out there who promise “the lowest 30 year mortgage rate or the “best Texas 15 year mtg rate”-but this isn’t really my approach. I tend to favor what is best for the client’s short and long term. If one needs a 15 year mortgage with low closing costs, let’s use this program. Need to consolidate debt, let’s use a home equity loan.

I just don’t believe in one-size fits all mortgage plans. As soon as my clients all look the same, have the same income/debt, goals, then I’ll become a one-size fits all mortgage guy. But for now, I work with low income people, millionaires, investors, first time home buyers, second home mortgages, etc.

One’s mortgage can be either a debt instrument or a better financial tool, it’s really up to you and your mortgage professional. And in today’s economy where the realities of $5 gas aren’t really unreasonable you should work with a professional who will take the time to listen and bring the right mortgage plan to the table. Because once a mortgage is in place you must live with it.

Some questions you should ask yourself when buying or refinancing a home or investment property:

1) How much debt do I currently have? How much debt am I currently servicing each month?

2) How much in liquid savings do I currently have? Could I choose a mortgage that will help (a) lower my bills and (b) help me to save more money each month? Rate is important but now the only thing to consider. Who cares if the 15 year mortgage rate is the best rate, if it’s not affordable to you-it’s not the wise loan. Go with the 30 year rate.

3) How long do I plan to keep this home? Is this home appreciating?

4) What is my long term financial plan, and how does this new mortgage help me accomplish this plan?

#4 is where the rubber meets the road. And this is where I spend the most time with my clients; constructing the long term plan and then customizing the mortgage to fit this plan. Most people chase the lowest rate when getting into homes however without a mid-long range goal they usually end up paying more in the long-term.

Take the sub-prime meltdown. There’s nothing wrong with sub-prime loans. Sometimes things happen that cause people’s credit to go in the trash. Divorces do happen and sometimes medical bills come out of no where and people have a lot of collections. Jobs are sometimes lost and savings are use up before they were originally intended. The problem with sub-prime loans is not that they are bad, but that they need to be on Fixed rates. Not adjustable. This country has lost billions of dollars during the sub-prime meltdown for one reason: People chased the lowest rate when they bought the home and ARMs have lower rates than FIXED rates. And since ARMs had lower rates people chose ARMs over Fixed rates.

So thousands of people with bad credit bought homes on ARMs and today we have a major problem: Because people chased the lowest rate.

Having a long term financial plan. Example, let’s say you’re self employed and don’t have a company retirement plan-401k-to rely on. One approach in solving the “no 401K/IRA” problem is to own real estate. The goal is to own a few choice properties so when you do retire you will have these properties paid off and creating passive retirement income. Imagine if your mortgage broker took the time to understand your long-term goals and structured the new loan around these goals. Funny thing, most people are 15-30 years from retirement and the typical home loan is paid off in 15-30 years. Bottom line: The home you buy today could help you retire tomorrow-and you need the right home loan to go along with it.

Remember, most mortgages are based on a 15 or 30 year basis, why not structure your first home to help you retire in 30 years. I know this seems unrealistic because most people don’t keep homes that long, but going into a mortgage with a plan is better than just going into a mortgage.

Most people don’t want to take the time to think about money-but in the end-the lack of money causes a lot of other challenges in life.

This is how I’m different from the other Texas Mortgage Loan people. I believe I can either help people move forward financially or I can just get them into debt. Sure it’s easier to “sell low rates” but not at the expense of helping a client in the long term.

PMI (just so no-or at least try to get out of it.)

My clients avoid PMI when possible. But to do an 80/15 or 80/10 or an 80/10/10 one’s mortgage rate is slightly higher but the benefit is avoid pointless PMI and having lower closing costs. This is another example of why “chasing the lowest rate” isn’t always the best. Loans with PMI are better than loans without. But the benefit of not have PMI is huge. Not only will you pay less when your home loan doesn’t have PMI but your closing costs are less too.

Right now I want to touch briefly on these 3 issues and why one should be thinking of them when you buy or refinance a home. Actually, your mortgage person should customize your loan around these three points for you. If they don’t-run. If all they sell is a mortgage rate did they really serve you?

Mortgage brokers and banks love to advertise low mortgage rates. “We have the lowest rates in Texas!” But let’s think about the loan like this: “How much did it cost you to get this rate.” Because low mtg rates are one thing, but how much did it cost to get the rate?

Let’s look at one of Today’s Mortgage ads. (April 17) They are advertising a 4.87% rate.

Funny. The real 30 year rate is around 6% but they know people want “low rates” so they advertise a great rate. But when you look at the points it will take to get this rate, you’ll see there’s more to getting a mortgage than just rate. Closing costs.

For example, if you’re buying a $200K home should you really “buy the rate down” with points to get a good rate? To buy this low, low rate, it will cost $6,000 just for discount points. And yet people do this all the time. Mortgage people advertise low rate because people want low rates.

Sorta reminds me of when I bought my Toyota Tundra. I wanted to save a nickel so I went for the 2×4 instead of the 4×4 all-wheel drive. I was so proud of getting the “lowest price in town” but when it snowed or iced I had to ask my wife to drive her front-wheeled drive Honda Accord.

This is one reason why I suggest working with a mortgage broker (like me) who approaches mortgage lending from a total financial planning perspective. Because if I notice a client has a ton of credit cards and misc. debt-this 6K should not go towards a new (tax deductible) debt but towards paying off old, high interest debt that’s not tax-deductible.

Or to use real numbers, if you have the $6000 to pay towards debt, retire 15% interest debt that’s costing you $500/month instead of trying to save $200 on your mortgage. Then pay $100 extra and you’re still saving $300. Use this $300 for savings, investing or having fun.

But what about all the interest I’ll save by having a low rate? Shouldn’t I try to get the best rate so I can have lower monthly bills? Yes. Once you’re out of consumer debt-and you no longer have to pay $500 out, begin to apply $100-$200 extra on your mortgage payment. This will take years off your mortgage, usually taking a 30 year mortgage to a 12-15 year. This will save you tons in interest and give you lower payments.

When you buy or refinance any property take the time to look at the bigger picture because a mortgage or refinance can either help move you forward financially or just get you into debt.

Payday Loans

Paysaver Payday Loans makes Internet Lending “Easy”

Paysaver Payday Loans offers payday loan, cash advance loans and fast cash services for whatever you need.

At PaySaver Payday Loans we promote honesty and integrity and we were proud to have been named as “The Australian Payday Loans Specialists” by our peers. We were given this title because we were one of the first to perfect the payday loans business in Australia.

We recognised the need for people to have a safe, secure, simple & fast way of obtaining payday loans of small amounts of money without the hassles, delays and costs associated with formal bank applications.
We then developed a unique system of lending exclusively via the Internet and Fax which has proven to be the most cost effective, efficient and fastest way of obtaining payday loans to date.

Our slogan is “Your personal ATM on the net” because you now have the convenience of applying for payday loans from the safety, privacy and comfort of your computer.

Simply send us your payday loans application and 30 minutes later, upon approval, your money is sent directly to your account!

Can Paysaver Payday Loans it get any better than that? – Yes it can!

After your first loan is successfully repaid your payday loans you are promoted to PaySaver Express where your approval time is reduced to only 15 minutes.

PS. We have kept our payday loans prices the same since we started trading back in early 2004 and that is why we have the lowest payday loan fees in Australia!

Paysaver Payday Loans gets you the funds you need ASAP. Why wait for your cash advance when you can get it overnight? Our loans are 100% safe, fast and completely online – so think of us for your payday loan fast cash needs.

It keeps getting better! We’ve made it incredibly easy to qualify for payday loans by offering our industry-leading application process to you at no additional expense to you.

There are no credit bureau reports on your payday loans, never an application fee, and of course, no credit checks. If you are at least 18 years of age, receive a regular source of income, and have direct deposit enabled on your bank account, you’re practically approved for Paysaver Payday Loans – don’t wait any longer apply for payday loans as you can apply for these unsecured payday loans today!

We specialize in providing overnight payday loans for individuals who are in need. We strive to bring people of all types pay day loans that are reasonably priced, quickly deposited, and managed by a professional lending team – why settle for less when you get an advance on your payday loans today!
Need short term payday loans cash advance to take care of that emergency, that unforeseen bill or just to reward yourself? Paysaver Payday Loans is a fast and secure way to get payday loans from the privacy of your own home!

Applying and qualifying for a payday loans advance loan is quick and easy, and confidential and requires minimal faxing.

Once you’re approved for our payday loans cash advance, we will electronically deposit the money directly into your checking or savings account. We offer flexible payment options and a discrete service that gets you the cash you need right now.

It’s that easy, why not apply and make Paysaver Payday Loans your loyal partner today.
Ever run a little short of cash before your next payday?

It happens to most of us at some stage. A night out with friends, registering your car or maybe just paying a couple of bills? Nothing a few hundred dollar payday loans won’t fix.

However, it can be frustrating if the cash is days away and you need it earlier. whatever the reason a Paysaver Payday loans is always there.

It’s even harder if you’ve had a minor, bad credit mishap, are too busy to get away from work or don’t want to commit to paying off a large, long term loan or credit card then try a Paysaver Payday Loans.
Paysaver Payday Loans has helped thousands of Australians in your situation with a convenient, clear and secure alternative. Quick turnaround times mean that you can be paid in as little as 20 minutes.

Beware of Tax Preparers Who Promise Large Refunds But Won’t Sign Your Tax Return

In my experience as President of SmartServ Solutions, I come across many new clients each year. Most new come to us as a result of my snazzy advertising or through a referral from one of our existing clients. Still others come because they are looking to get a bigger tax refund. I am all for getting the most money back from Uncle Sam. That is, the most legal money. In recent weeks, I have come across a large number of previously filed fraudulent tax returns from 2005. It is a very disturbing trend occurring in the tax preparation business. Before I explain what is going on with the fraudulent tax returns, I would like to give a brief overview of the different types of tax preparation companies. I would classify the tax preparation business into three major categories:

The large faceless tax franchises

Most of the large franchise tax places hire seasonal part time workers who are moonlighting for extra money. They receive training each year from their corporate offices on the new tax laws, but tax preparation is not their primary profession. This leads to in many cases sloppy work and missed deductions. Most of the franchise tax places close down after April 15th.

Independent tax preparation and accounting firms

Independent firms are typically small firms where tax preparers work year round and additional support staff is hired during tax season. Many of these types of firms stay open all year and supplement the rest of the year after tax season with related financial service businesses like accounting, mortgages, investments or insurance.

The “guy” or “girl” who gets big tax refunds

These people are everywhere. They typically work out of an apartment or small store. Their reputation for getting extremely large tax refunds has spread like wildfire. Everybody either knows this person or someone who goes to someone like it. Their offices or apartments are usually standing room only and people will wait hours and hours just for a chance to get their taxes prepared here. There is an unfortunate reality about this type of outfit. An income tax return can be easily manipulated to create a large “temporary” tax refund. I will get in to the reason why I say “temporarily” shortly. Some people actually get and deserve tax refunds upwards of $10,000, $15,000 or even $20,000. The right combination of children, babysitting, mortgage interest and taxes, large withholdings and education expenses will in many cases create such a large tax refund that is legitimate. However, there are many unscrupulous tax preparers in this category who illegally add some or all of the above deductions and credits to anyone’s tax return.

The sad truth is that the IRS will send you the money if you file a fraudulent return claiming an undeserving refund. The IRS is a slow moving big government bureaucracy. They may move slowly, but they do move. They have the capabilities of catching up with most of the tax fraud that is out there. It usually takes them a year or two or three after a tax return like this is filed, but they do catch those involved. What most people who utilize these types of tax preparers fail to realize is that they are completely responsible for the tax return that they file. A defense of “my tax preparer did it” or “I didn’t know” isn’t good enough for the IRS. Once you are caught filing such a tax return, you will be subject to pay back all of the money that you received illegally plus penalties, plus interest and possibly fines. And the IRS will get their money. They will use their power to place a tax levy against fraudsters which will give them the right to freeze assets like bank accounts and garnish salary. This is why I call an undeserving tax refund a “temporary” one. The IRS or State Department of Taxation also has the power to seek jail time if they find that there was fraud committed. Obviously, the unscrupulous tax preparers don’t tell this to their unsuspecting clients. I truly feel bad for these people. Most of them don’t understand the implications of filing a false tax return. I have met many people who have had their lives ruined by such circumstances. Life is too precious and it is not worth ruining your life for an extra couple of thousand dollars on your tax return that you don’t deserve. One tell tale sign that your tax preparer may be committing fraud on your tax return is that they refuse to sign the preparers part of your return. A tax preparer is required by the IRS to sign your tax return if they prepared it for you.

I want to personally caution all taxpayers of filing such a fraudulent tax return in order to receive an unjust refund. There are many legitimate deductions and credits that are available that can be found if you look hard enough. Please choose a tax preparation company who will go the extra mile for your interests while not putting your financial future in jeopardy by getting you in trouble with the IRS.

The Facts About FHA And VA Home Loans & Refinancing

Government-Backed Loans – Government loans refer to those loans that are guaranteed by one of two federal agencies. The two types of government loans are: Federal Housing Administration (FHA) loans, and Veterans Administration (VA) loans. The advantage of financing using FHA loans are that they are easier to qualify for and allow a borrower to finance more of the loan amount than non-government loans. Whereas with a Conforming loan a borrower may only be able to finance 80% of the loan amount, a FHA loan allows a borrower to finance 97% of the loan amount. FHA loans are recommended for those borrowers who are first-time buyers, have little money to put down, have a short credit history, or are having trouble qualifying for a Conforming loan. The two main advantages of financing using VA loans are that the VA allows borrowers to finance 100% of the loan amount, and that, the VA only requires proof of veteran status to qualify for the loan. The only drawback to government loans is that mortgage insurance is required at all loan to values (LTV), unlike Conventional and Jumbo loans where payment of mortgage insurance is determined by the amount of equity a borrower has in his home.

VA Loan Information

VA loans are designed to provide assistance in purchasing a home for United States Veterans. A benefit of a VA loan is that you can purchase a home with no down payment. In addition, it is slightly easier to qualify for a Veterans Affair loan when compared to a regular loan.

Many people for who actually qualify for a VA Loan are not aware of it.

Who qualifies for a VA Loan?

The following table shows what type of service (and for what duration is required in order to be eligible for a VA Loan:

Wartime

Service during:WWII-09/16/40 to 07/25/47 Korean-06/27/50 to 01/31/55 Vietnam-08/05/64 to 05/07/75 Persian Gulf-8/2/90 to undetermined. You must have at least 90 days on active duty. Plus, you must have been discharged under other than dishonorable conditions. If you served less than the standard 90 days, you may be eligible if discharged for a service connected disability.

Peacetime

Service during periods:-07/26/47 to 06/26/50 & 02/01/55 to 08/04/64 & 05/08/75 to 08/01/90To qualify for a VA Loan, you must have served at least 181 days of continuous active duty. Plus, you must have been discharged under other than dishonorable conditions. If you served less than the standard 181 days, you may be eligible if discharged for a service connected disability.

Other questions about VA Loans:

1) Is the spouse or children of a veteran eligible?A spouse is eligible if the veteran died as a result of a service connected disability or died while on active duty. The children are not eligible. 2) Who makes the loans?Private lenders make the loans. However, the VA guarantee protects these lenders against loss. The guaranty will allow lenders to make loans without other requirements (for example, a down payment). 3) Can I get a VA loan if I have been foreclosed on in the past?Yes. The best way to find out how to qualify for this is to contact a mortgage specialist. They can give you advice on what you can do to ensure you can qualify for a loan.If you are considering a VA Loan, remember that there are still a variety of different mortgages. A mortgage broker can be a useful tool to help find the most appropriate mortgage for your purchase. If you plan on living in your home for a long period of time, you may want to consider the traditional fixed-rate 15- or 30-year loan. Another option is to choose an adjustable rate mortgage and consider refinancing again in a few years. Short-term mortgages include balloon mortgages and one-year adjustable rate mortgages.

Is an FHA loan the best home loan for my situation?

You have many decisions when choosing which type of loan is best for your situation. Is the FHA loan the best? What about a VA loan? When is a Conventional loan better than an FHA loan?

A mortgage specialist can analyze your situation, and help you determine which loan is best for you. In many cases, there are other loans more beneficial than an FHA loan. Although in some situations, FHA loans are the best choice.

About the FHA Loan program. With an FHA Loan, your home loan is insured by HUD. The FHA Program is designed to help give home buyers the opportunity to qualify for a mortgage, when they may not otherwise qualify. HUD assumes some of the risk on the loan. The requirements are not as high for an FHA loan as they are for Fannie Mae or Freddie Mac Loans. Plus, a borrower can purchase a home with only 3% down. In some cases a borrower can qualify for gift programs which allow them to purchase a home with no money out of pocket. There are a variety FHA loan programs that you can take advantage of. A mortgage specialist can give you advice as to which is best for you.

Cheap Loans – Dirt Will Seem Costlier!

Loans culture has grown considerably in recent times. Like any growing industry, loans industry has healthy competition. This competition has furthered the cause of finding cheap loans in UK. Cheap loans are not offered on platter. There are tricks to the trade of finding cheap loans.

Though borrowing money is not always an easy decision but there are times when loans are a necessity. Cheap loans are provided for every circumstance and reason – Personal loans, secured loans, unsecured loans, mortgage, car loans…….

When looking for cheap loans pay attention on various aspect of loans – interest rates, loan term, monthly payments are all instrumental. Interest rates are an obvious way to start your cheap loan search. Find out the lowest interest rates that are offered for your particular loan. Cheap loans are not the first loan you stumble upon while searching for loans or the first loan that is offered to you. There is always a scope for finding a cheaper loan than the one you found in loans market.

You will have to research for finding cheap loans. This may not be your favorite job but will be certainly active in locating cheap loans. For cheap loans you will have to go to various lenders and ask for quotes. Quotes give an idea of the loan cost to the borrower. After taking quotes compare the loan quotes to settle on cheap loans. Online the chances of finding cheap loans are doubled.

The terms and conditions for cheap loans are quite flexible. This has lead to those with imperfect credit also qualifying for cheap loans. In fact a separate category of bad credit loan ensures that cheap loans are a viable possibility for every borrower.

Getting cheap loans also depend on collateral and equity. Secured loan will always be a cheaper option than unsecured loans. Equity will sanction the amount you can borrow. If you have ample equity than you can qualify for larger amounts at cheap interest rates.

Your employment record will also affect your chances of finding cheap loans. A borrower can qualify for cheap loans if he or she has a stable income with a good employment record. You can find cheap loans for bad credit history but a good credit score is integral in finding cheap loans. Every lender will be looking at credit score before extending cheap loans. A good credit score will make you a primary contender for cheap loans.

If you want to borrow large amounts then mortgage is the best and cheapest loans option. Mortgage will be available at the lowest interest rates and terms at all the leading finance companies. It is a cheap way of borrowing money and considerable types of mortgages exist keeping in mind the requirements of borrowers.

If you are having more than two unpaid debts then debt consolidation is a cheap loans option. Debt consolidation loans are cheap way of uniting unpaid debt at low interest rates and low monthly payments. It is a cheap way of becoming debt free.

Student loan is an extremely cheap way of paying for college education. All students are eligible to apply for student loans and it is in fact the cheapest loan in the market. The interest rate for student loan is fixed. But you obviously have to go to a university for it and there is a limit to how much you can borrow.

Another way of procuring cheap loan is shortening the loan term. Shorter the loan term is the lesser will be what you pay as interest rate and it will be prove cheaper to your pocket. A shorter loan term will be less expensive and it is always such a pleasure to pay the loan in shorter time span.

There is no single cheap loan for everyone. In fact cheap loans are in accordance to your financial condition. If you are looking for cheap loans then you can get extensive information on the net. Read it all, explore your options and then settle on cheap loans. Cheap loan is all about finding a loan and then finding another one to beat that loan.

Fulfill Your Dream of Owning a Home With the Home Loan

Staying in own home is a dream of everyone. People see dreams of owning home at their own choice, but everybody doesn’t able to afford that. Nowadays in the country like India, money is not a barrier of the dream of owning a home. Because all the government and on-government banks in India offer Home loan. These loans are specially given to those people who wants to build-up their own home or purchase a home.

Indian banks offer home loan under different categories, these include:-

Home Purchase Loans – This kind of basic loans are being provided for purchasing a new home.

Home Construction Loan: Banks provides this kind of loan for construction of home.

Home Extension Loan: One can get the loan for expanding or extending his existing home.

Home Improvement Loans: People can avail these loans if they have the requirement for implementing repair works and renovations of their existing home.

Bridge Loans: This loan is the best loan for those people who wants to sell his existing home and wish to purchase a new home. Banks help people by giving this loan to finance the new home.

Balance Transfer Loans: This kind of loan is given to pay off an existing home loan and avail the option of a loan with a lower rate of interest..

Home Conversion Loan: Banks provide this kind of loan to those people who has already purchased home by taking home loan and then wants to move on to another home and for that he requires some extra money. Under this category of loan the existing loan is being transferred to the new home and the extra amount is to be included.

Land Purchase Loans: One can avail these loans for purchasing land. The bank will give the loan without checking whether the borrower taking the loan for construction his home or using it for some other purposes.

Refinance Loans: Those who have taken loans from their friends or relative to purchase their homes, this kind of loan helps them a lot to repay that debt amount to them.

Stamp Duty Loans: To purchase a property, stamp duty is essential. This kind of loan helps people to pay for the stamp duty.

In India, banks provide home loans against fixed and floating rate of interest. Under the fixed rate home loans the interest rate remains fixed for the whole period of the loan. By taking loan under this category the borrower will get the facility of getting a fixed interest rate. But in this case they have to pay a higher rate of interest. On the other hand, under the floating rate loans the rate of interest fluctuates accordingly. The borrower will get the facility of getting a low interest rate. But the interest rate can rise any time and the borrower has to pay a much higher interest rate than the fixed rate of these loans. The repayment of home loans are to be given through Equated Monthly Installment (EMI). The home loan EMI depends on the amount and the repayment period one takes.

In this age of technology, one can apply for the home loan Online. By applying online one gets relief from the lots of hassle like visiting to the lenders, seeking for the best home loan deal, do the huge formalities and fulfill the long paper works. By availing these loans online one just has to sit on a Internet enabled computer, make a search for the best home loan deal and after choosing one just has to fill a form, that’s it. By doing some simple procedures you dreams can come true.

10 Steps to Launching a Green Business

In the summer of 1989 I was taking a subway home with some friends that I co-founded an environmental non-profit with here in Brooklyn. I remember complaining about how tired I was of having to search and buy eco products in mail order catalogs (this was pre-internet days).

Basic eco-products like toilet paper made from recycled and non-chlorine bleached paper.

Back then there were no stores in NYC that sold it. In order to get it, you had to buy a case via mail order. A case of 96 rolls.

I remember complaining, “What am I going to do with 96 rolls of toilet paper in my small apartment!”

And that is when it hit me. What about having a retail store that screened all its products for their environmental impact? The task of researching and learning about the environmental (and social) issues that go into making products can overwhelm most customers.

I asked them, “So what if we created a store that did that for the customer? And you did not need to buy 96 rolls of something to get it.”

At the age of 25, that was the beginning of Earth General, which opened two years later in 1991.

Within six years Earth General grew to being one of the largest environmental retail stores in the country with over 3,000 products all screened for their environmental impact. Things like organic cotton clothing, natural body care, green cleaning products, recycled office supplies and stationery, all natural gardening products and so on.

Yet while our stores were popular in New York City, the concept was a bit ahead of its time and my investors and I closed them in 1998. Today, 10 years later, they would probably do quite well.

In fact today, most things (authentically) “going green” are looking very promising. For example, one of the mainstream issues on everyone’s mind is energy. And of the many things being developed in the energy sector, one segment to really watch in the very short term is nanotechnology.

If you are not familiar with nanotechnology, you need to be, as it looks likely to be dramatically changing our lives within the next couple of years.

According the Center for Responsible Nanotechnology (CRN) Nanotechnology is the engineering of functional systems at the molecular scale. It is all about building things and using materials at a very small level. From this things like new, lighter, yet sturdier materials can be built.

For example, imagine cars made from materials as light as plastic, yet sturdier than steel. Lighter materials in our automobiles mean more energy efficiency, which in turn means more miles per gallon.

For more about this as well as a sense of the many, many applications currently being researched in nanotechnology, read “GreenBiz” recent article, Sweating the Small Stuff: A Market Opportunity.

Still need convincing that going green is a wise choice? On May 12th, The Wall Street Journal published an excellent story, Does Being Ethical Pay?

While the authors found consumers would be willing to pay a premium for ethical products, they also found consumers would also punish an unethical company… to a much greater degree (by only buying that company’s products at a steep discount.)

Perhaps it’s time for you to consider ramping up your green factor?

10 Steps to Determining Your Green Product / Service:

1. Pick your passion- what about the environment are you most passionate about? What do you notice really “burns your bacon”? For help, refer to January 30th’s Power Boost: Top 10 Business Issues into Environmental Opportunities.

2. Define your target-who is your market? What customer base are you most comfortable serving?

3. Get in their head-what is the need of that customer base? What are their pains? Remember to relate this to what you are most passionate about in the environment (remember my frustration that created Earth General?)

4. Relief is on the way!-what is your solution to your target market’s pain and to their needs? Especially if they do not even know they have it! Be clear as possible on this one. Make it really stand out.

5. Support is the key-who is on your team? What expertise do you need and who will have it? What are these people’s motivations for working with you (hint: your vision on where you would like to take your business.)

6. Name the players-who is your competition? How are you better and/or different? How can you authentically show your strengths over them? No competition, then your product/service niche is too small!

7. Be a hurdle jumper-what are the barriers to entry for competition to join you down the road? Is it difficult to gain entry? If not, how can you make it difficult or how will you retain customer loyalty (hint: focus on the green/social impact of what you do!)

8. Keep clearing those hurdles-how to keep in front of the barriers to entry. As the market continues to develop, what new, cool, authentic green (and social) components can you add to the mix? Stay ahead of the pack. Stay on top of your market research.

9. It’s all in the girth-and how scalable your product/service is. Compare it with how big you want to go with this idea. Look to balance the two. It’s OK if you want to stay small, just get clear before you take off.

10. Review your passion-how do you feel about your product/service? If you feel something is off, you must address it before moving forward. If not, it will bite you in the butt later. Don’t step over this. Find solutions to what is keeping you from really playing full out.

Once you’ve worked through these 10 steps, you should be ready to rock. I’d love to hear what cool, unreasonable green business you’re ready to launch.

Action Steps for the Week:

Whether you’re working for the man or the man is working for you, it might behoove you to examine your green business game plan.

If you have one, review it again and see what of the 10 steps (from above) might need some refining. And if you’re new to the subject, really take inventory on how and what to implement into your business.

The more thought you put into this, the more likely you’ll be whistling Dixie later on.

What Kind Of Groups Operate In The North East To Encourage Business Opportunities In The UK

This enthusiastic and close knit team is working in new ways to deliver real benefit for UK wealth creation in new and emerging technologies. This network will be delivered in parallel, with both Nanotechnology led activities and strong collaborations with other leading organizations, to provide this valuable service for the benefit of the UK.

Aiding the transfer of knowledge between industry and academia, organizations offer companies dealing in small-scale technology connectivity to information on funding initiatives, existing projects, centers of excellence, new processes, patents, as well as keeping up-to-date with industry regulation. The Nanotechnology is an important part of the innovation process in the sector and has the potential to have a real impact on the fortunes of the UK economy transferring technology, facilitating innovation, ensuring the provision of suitable demonstrator facilities and the encouragement of supply chain collaborations. These organizations can provide thought leadership within the various constituent sectors o as well as contributing to the creation of regional and national UK policy.

The Center of Excellence for Nanotechnology, Micro and Photonic Systems (Cenamps) is funding research and development programs that will lead to further commercial opportunities and spin-outs in North East England.

Cenamps is an international Center of Excellence for Nanotechnology, Micro and Photonic Systems. Seeds collaborative R&D programs as platforms for near market commercialization opportunities through university spin-outs and by strengthening the knowledge base to support larger industry-linked projects in the region.

The resources that are all ready located in the North East of England are already huge. INEX is the largest and best equipped public sector micro and nano device fabrication facility in the UK. It was founded in 2002 as the business arm of the Institute of Nanoscale Science and Technology at Newcastle University, but has been an independent organization since 2004. The facility has generated millions of pounds worth of new technology since its formation, so far spinning out 11 companies in the process making investment in the UK a big player to look at.

CNBC Fast Money And The Halftime Report

CNBC Fast Money is a financial talk show in the US mainly discussing stock trading. Since 2007, it is aired every night at 5 pm or an hour after the conclusion of the NYSE. But in 2011, this financial investing TV program was moved to Mondays to Thursday to give way to special programs and forex trading on Fridays. The show is taped in NASDAQ headquarters in New York. After Dylan Ratigan, who is now the host of Fast Money?

Vibrant and dynamic, the panel referred to as the Fast Money Five and host Melisa Lee offers an interactive stock trading talk show. When the trade is closed, Melissa and the Fast five provides input about the significant financial trends and how viewers can gain profit. How can you gain fast cash with this program?

Often visited by experienced traders and panelists, CNBC Fast Money offers valuable insights for viewers who are interested in stock trading and individual or corporate investors searching for crucial information. With interesting segments and program features that provides marker for the most significant pops, drops and notable players in the stock market, this program is directed to the financial world and catered to help traders in the succeeding days. What about the program’s ratings?

The first 13 episodes of CNBC Fast Money in 2006 at Wednesdays 8 pm were very low at estimated 110,000 viewers a week. The program was moved to a new timeslot at 5 pm resulting to its better reception and higher ratings. Viewership has doubled within a few weeks. Then after this 5 pm test, the network re-launched the program back at 8 pm hoping it might have gained footing after the amplified viewership. It failed. Ratings plummeted again. Fortunately CNBC retried the program at 5 pm and had gained its intended viewership for good. What about the Halftime Report?

CNBC Fast Money Halftime Report has similar format but airs after noon. This show debuted in 2010 and was initiated from the segment on CNBC power Lunch. This special edition is hosted by Scott Wagner and airs live from Global HQ in New Jersey. Initially aired as a 30-minute talk show, the halftime Report became a one-hour TV program in 2011 and moved up to the noontime programming. This is the replacement of the cancelled show “The Strategy Session,” which suffered from very low ratings. Individual and corporate traders and investors can watch this show to monitor current trends in the stock trade and get the latest insights from the experts.

7 Tips to Help Save Interest on Your Home Loan

Here are 7 tips on to save on interest by paying your home loan faster.

Owning a home is one of the most common aspirations among people from all walks of life. No matter what his status in life is, every person will give anything just to be able to build a home for his family.

There are people who have been blessed with a fortune so they can easily build not one but even two or more homes for their families. Some people who have made it their life aspiration to own their own homes manage to fulfill their dreams by availing of a home loan.

Owning a home through a loan is not an easy task because first of all, the person has to have a good credit history. He has to find a suitable mortgage provider that can give him the amount he needs to buy or build his home. Not only that; he also has to choose the best home mortgage he can get to maximize his financial resources.

Before finalizing his application for a home loan, any borrower should evaluate his capacity to pay off his loan for a specific period. Loan providers prefer to give long term loans because this is how they make money. Every borrower should choose a pay-off period that is advantageous to him.

There are advantages and disadvantages to getting a long term home loan. A long term long can be beneficial to the borrower because he can negotiate minimal monthly payments for his home loan. This would be advantageous for him especially if he can negotiate a home loan with a fixed or locked interest. However, this can also be disadvantageous for him if the interest rates go down.

On the other hand, a long term loan can be disadvantageous for the borrower if the interest rate is not fixed and sudden economic factors cause a notable increase in interest rates. Getting a long term home loan can also be more expensive because while the repayment term is long, the total amount mortgaged can be twice or even thrice the principal amount loaned depending on the terms of the lender.

In general, paying off a home loan the soonest possible time would be more beneficial to the borrower. For one, he is assured that he owns his home without worrying about the property being forfeited and in effect losing all his investment.

1. Read and review the terms of the home loan agreement, Check all the
Financial and pay off terms to make sure the loan is not totally onerous for the borrower. Calculate the total amortizations you have to pay and choose a term that you can easily pay off in a monthly or quarterly period.

2. Always make the home loan amortization a priority when it comes to budgeting. When the family income comes in, the borrower should always deduct that amount needed to pay off the home loan amortization to make sure it is not spent on other expenses.

3. Ask the loan provider if a rebate is given for early or on time payments. Some lenders give a rebate every time the amortization is paid on or before the cut off date. The savings you will get from paying early can be given to the lender as an advance home payment. The amount may be meager but it will add up and will later lessen the paying period.

4. Allot a percentage or better yet, apply all the bonuses and other financial gains to the home loan payment. This will be considered as an advanced payment and will get you a breather in case there is an emergency and the money for the home loan is used for a more important expense like health emergencies.

5. Always be vigilant abut how the interest rates go up and down. When the interest rates fall down substantially, refinancing the home loan may just be the best option. However, make sure that the refinancing scheme will lessen the financial burden on your part.

6. Encourage family members to take on extra work or projects to add to the family income. The benefits of owning a home will redound to the whole family so it is important to make the members aware that pitching in home loan payment will always work for the benefit of the whole family. Each member who gets and extra income can allot a portion of that income to paying off the home loan. No matter how meager that extra income may be, it will add up and will help in paying off the home loan the soonest possible time.

7. Save, save and save. Owning a home is a project that requires the head of the family and even the family members to save and scrimp to pay off the loan fast. The family can help by saving on energy consumption or other household expenses. The savings from other household expenses can be used to add to the home loan payment.

For average income earners, only a home loan can make the dream of owning a home a reality. No matter how meager the monthly income is, there is always a chance of owning a home. However, the family should find ways to pay off the home loan fast so they can finally and totally own their home.