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Tuesday, June 29, 2010

A lovely collection of photos...

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Sunday, June 27, 2010

Need an Insurance Broker?..Just look right Here...

Many people get great deals on their insurance  without ever even talking to an auto insurance broker. Many people think that it just isn't possible to get a good insurance quote without going through a broker.This thought, however, is wrong. Here  are a couple of things that might help you to decide if you should use a broker or not.

An auto insurance broker
will save you time. One reason that many people still use brokers is because they do not have time to shop around for insurance themselves. They hire a broker who can take their information and find the best rate for them.

A broker will save you money. An auto insurance broker is going to have inside information what is going on with different insurance companies. It is there job to know about the best deals. An auto insurance broker is a sure fire way to save money on your insurance rate.

A broker will also cost you money. A broker is not going to give you this inside information for free. They are going to charge a fee for their services. Sometimes, the fee that they charge will cancel out the savings that they can get you.

If you do have the time, however, it might be a good idea for you to skip over the broker step. Many people are saving money by shopping for their own insurance on the internet. Almost all insurance companies have websites that allow customers to shop for rates. There are even comparison websites that allow people to compare many different companies at the same time.

So should you use a broker? If you do not understand insurance policies
, and do not have the time to do the research, then a broker is a good idea. However, if you can spend the time to find your own rate, you will be able to find your cheapest option....

Mortgage Rates In India ...

The top players in this industry are housing finance companies, commercial (local as well as foreign) banks, cooperative banks and other non-banking financial companies (NBFCs). Presently Housing Development Finance

Corporation (HDFC) is the market leader followed by State Bank of India (SBI). The Industrial Credit and Investment Corporation of India (ICICI) Bank and the Life Insurance Corporation (LIC) Housing Finance Limited also have significant market share. The industry sources has reported that, 8 to 10 percent of the market share that foreign-owned banks have in the industry, Citibank has 5 percent share, followed by Standard Chartered and HSBC with about the 3 to 5 percent.

The Mortgage Financing industry was estimated approximately at US $ 18 billion in India. The mortgage industry is undergoing a change as the market is dominated by banks in the direct housing finance sector. Though the housing finance industry in India is growing for the past few years still financing through the organized sector continues to account only for 25% of the total housing investment in India (Source: LIC Housing finance).

The formal mortgage finance sector continues to elude the lower income groups. The twin problems of affordability and accessibility that hinder the progress of housing in South Asia need to be addressed. For this, governments have to withdraw from direct participation in the housing and housing finance sector and instead need take on the role as facilitators to create the enabling environment to encourage private sector capital. Further efforts of the government are required to strengthen foreclosure laws, land records need to be computerised and archaic land laws especially rental laws need a complete overhaul. Small steps such as encouraging credit bureaus, introducing mortgage insurance, allowing real estate mutual funds and creating a favourable environment to facilitate foreign direct investment in housing will help stimulate the housing finance sector. The road is long but not untenable.

Saturday, June 26, 2010

Types Of Mortgage Loans...

Fixed Rate Mortgage Loan

A fixed rate mortgage loan is a mortgage loan in which the interest rate remains the same from the day you take out the loan until the day you pay it off.  It is among the safest type of loan you can take.  A fixed rate mortgage loan is good if you know you will be living in your home for a long time and you don't have to worry about your payment ever increasing.  The biggest advantage is the fact that your interest rate will never change.  A disadvantage is that many may find it difficult to come up with the huge down payment that is usually required.  Another downside is if the lender reduces its rates, you will end up paying a higher rate for the fixed period.  The rate on a fixed rate mortgage loan is generally higher than an adjustable rate mortgage loan.

Adjustable Rate Mortgage Loan

An adjustable rate mortgage loan is a mortgage loan where the interest rate is occasionally adjusted based on a specific index.  It is usually made to finance or refinance real estate and is secured by a lien on your property.  An adjustable rate mortgage loan is know as an ARM for short.  It is initially significantly lower than a fixed rate loan but may adjust up to 2 percentage points per year reaching a fixed cap over and above the fixed rate.

An FHA Mortgage Loan

An FHA loan is a loan made by a federally qualified lender and insured by the Federal Housing Administration.  It is a home mortgage that allows for a purchase or refinance with a low down payment.  An FHA loan is perhaps one of the easiest mortgages to obtain because the requirements are extremely flexible, and the down payment is very low.  It is excellent for someone who has less money to put down, and someone who has large debt or whose credit is poor. 

A VA Mortgage Loan

A VA loan is a loan that is guaranteed by the Department of Veterans Affairs, or VA.  It is available only to veterans and is geared toward providing modest housing for individuals with moderate to low incomes.  A VA loan is an excellent opportunity for eligible veterans to purchase a home, often at a lower interest rate.  It is literally no money down and is simply a fixed rate mortgage with a very competitive interest rate.

Home Mortgage Loans...

Home mortgage loans are the largest debt that most Americans will take on in their lifetime. It is a very long commitment and you don't want to make that commitment with the wrong lender.  A home mortgage loan is sometimes called a rent-to-own arrangement.  The loan is generally long term and has terms up to 40 years.  It can be a big commitment and you need an experienced professional guiding you through the process, answering your questions to help you find the lowest interest rate possible.
Credit scores are used by mortgage lenders so they can decide whether someone is capable of making payments on a mortgage.  Credit is the money borrowed from various financial institutions in order to satisfy a need.  Your credit score can impact your ability to obtain a home mortgage loan rate at the lowest posible interest. 
Interest only mortgages are loans that allow the borrower to pay only the interest on the loan for a predetermined period of time.  They generally have a period of five to ten years, after which time your loan becomes a standard ARM loan.  Interest rates for home mortgage loans are rising, putting downward pressure on real estate prices.  Knowing the difference between interest rates and points is important.  Points are fees paid to the lender or broker for the loan and are often linked to the interest rate; usually the more points you pay, the lower the rate.  They are usually tax deductible and considered to be prepaid interest.

Sunday, June 6, 2010

Some Mortgage and Loan Tips...

Debt Consolidation Refinance Loans...

For millions of homeowners, refinancing is the perfect way to consolidate debts. You can consolidate your debts, eliminate outrageous interest rates and fees, and make one low monthly payment. Credit cards, medical bills, and unsecured loans can all be combined into one monthly payment when you apply for a debt consolidation refinance loan. The time has never been better to apply due to the current low interest rates being offered by mortgage lenders.
Information and quotes are free and you can apply to several lenders with one simple online application.

Refinancing your home in order to consolidate debts has tax advantages as well as lowering your monthly payments. You can roll all your debts into one low monthly payment and receive tax deductions on your refinanced mortgage. A debt consolidation refinance can give you extra money each and every month, eliminate high interest rates on credit card debts and unsecured loans, and give you a fresh start on attaining your financial goals.

If you have overdue bills that never seem to get paid off and you feel as if there is no end in sight to the constant financial pressure and stress, a debt consolidation refinance loan is the perfect answer to your problems. Information on a debt consolidation refinance loan is available to you immediately when you complete a short, simple online application. You'll be contacted by multiple lenders in as little as 24 hours who can give you expert advice on consolidating your high interest debts into one convenient, low monthly payment. The quotes are free and there will be no initial credit check. Simply review the offers and choose the lender that best suits your needs.

You can avoid multiple inquiries on your credit report by applying to several lenders at once with one quick online application. A debt consolidation refinance loan can enable you to eliminate debts and save money. Even if your credit history is less than perfect, you can refinance your home and consolidate your debts with one easy application. Multiple lenders who can assist you during each step of the refinancing process will contact you within hours after receiving your application. You'll get no-obligation quotes from lenders who are eager to advise you about the numerous options that are available to you.

If you complete the short online application today, you will soon be on your way to a debt free existence, free from the stress and pressure created by those high interest debts.