CENT Swabhiman Plus, a life-long reverse mortgage annuity launched by Central Bank of India and Star Union Daiichi Life Insurance. This product is specially designed for the senior citizens. This product will provide them with a monthly or quarterly or half yearly or annual income as mutually agreed by then borrower and the bank against his/her home.The earlier version of reverse mortgage scheme has been improvised to provide much more benefits...more
Getting a mortgage was never an easy thing to do, but in today"s economic climate, the mere thought of a mortgage can make your hair, and your finances, stand on end. And the rules change depending on where you live. Living in Canada, there are essential things you"ve got to know to get through the process of purchasing, refinancing or adding value to your home, as only a mortgage broker can tell you.Governments Reward DebtorsThe government loves...more
Most people do not experience productive aging because of their wrong perception of retirement. Most of us only see it as a time for leisure and a very long vacation. Aging is just a gradual decrease of our bodily functions, not their termination. Here are some guidelines to a productive aging:1. Carefully plan aheadThis includes carefully planning your retirement as well as yourself. Planning ahead for these things will result to productive aging and less stress later on. A well-planned individual always gets the exact same results that he has envisioned. Imagine what would you want for your retirement and plan for it ahead of time.2. Discover what makes you tickRetirement is supposed to be the time when we can finally do what we love doing if we did not get a chance for it when we were still working. The leisure part will only last for a few months. Consider it as your gift to yourself after decades of hard work. If you want a productive aging, find a way to monetize your passion. This way, you can overcome your boredom and have a steady income as well.3. Have the desire to remain productiveAs a career person, quitting your career for good will result to a lot of issues later on...more
People who are successful in achieving their financial goals know that it did not happen overnight, after a week, a month or even a year after that. In contrast, it took them years to build personal wealth. They set specific financial goals, managed the risks and strive hard to achieve them. In making strategies, it is important to focus them on...more
Obama's $75 million Home Affordability and Stability Plan is a rescue attempt to save the plummeting housing market. The President has the conviction that by restructuring their mortgages, homeowners who are struggling to make ends meet, will be able to save their homes. This initiative comprises of two parts:1. Home affordability...more
In every retirement plan, saving money is involved although only a few successfully saves enough money to fund their retirement or to invest in something that could produce a steady flow of income. A good retirement investment is something that should eat up only a small portion of your hard-earned savings and has a high return of investment.Volunteering and starting a business are among the most popular things that retirees do. A brick and mortar business however especially for retirees is not advisable since stress in this industry is inevitable. The most suitable business for retirees is the kind where it is doable in your own home such as a home business without personal selling. No personal selling means that you do not need to sell tangible products personally (like meeting your customers and delivering the products yourself) or it would not be suitable for retirees now would it?Most individuals do home based businesses part time and they are still earning enough money for them to consider the idea of quitting their day jobs. Since a retired person does not have a job, more time can be spent on the business. More time equals more output for the growth of the business and...more
Many real estate investors become frustrated with the tenants and the toilets. And when you look at the way they manage, it's no surprise.The most important part of investing in rental real estate is to have a good property management system. In...more
Everyone wants to acquire riches, but many dont know how. If youre clueless on where to start or what to do, that ends now. This article reveals wealth building tips and tools for anyone who's interested to improve their lifestyle. I believe...more
Gold Appreciation in Value Brings Good Wealth Gold Wealth , A long Term Investment .About 20 years ago, Leon Richardson wrote 2 articles about the market of Gold. They are Catch Them Young and A Golden Chance. These 2 articles gave people an...more
Very often, readers request advice on how to conquer their financial challenges. Most times their major issue is that they are not earning enough to pay their basic bills. As the cost of living increases, this problem only gets worse.The reality is...more
It is no secret that millions of Americans are looking to refinance their existing mortgages. Homeowners that bought during the bubble are finding themselves in over their heads. Borrowers that entered into ARM loans are now looking for a lower fixed...more
The worth of commercial remortgage as a source of additional finance for several commercial purposes needs no measure. Clinching a deal from lenders is now more difficult than before because of fraudulent cases. The service of a remortgage broker can...more