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Posts Tagged ‘equity’

Questions To Answer Before Buying A House

April 22nd, 2018 Comments off

You saw a picture pretty home being sold online and you definitely want it. Should you buy it outright? Definitely you won’t. You’ll have to take a good and long hard look into it before you sign the dotted line and live in that house forever. That’s right. People are getting smarter when buying homes after the mortgage and real estate industry tripped.

If you are buying a home for the first time you should take the time to learn something about real estate. Make sure you understand the terms of real estate contracts and mortgages. Don’t buy a home that costs more than you can afford to spend. Make sure the house doesn’t need expensive repairs.

Consider the neighborhood. Are the other homes well kept? Look into crime statics for the area. Keep in mind that homes in upscale neighborhoods come with upscale price tags. Make sure the house is in good repair, or that the seller will do necessary repairs before the sale. Make sure you lender will provide a mortgage.

Needed home repairs can give a buyer a bargaining position on the price of the home. Check with your mortgage lender on their requirements. They may be unwilling to grant a mortgage on a home that needs repairs or they may require you to put the money for repairs in escrow. Make sure to check the basement and attic for evidence of flooding, leaks or other potential problems. Mold can be expensive to remove and unhealthy to live with.

In the kitchen, check how many appliances are there to estimate if your appliances can fit in without additional outlets; check the floor, is it level or does it shake? Inspect the floor for stain — can these be removed with the usual cleaning mop and cleansers? If the sink top is marble, examine if it needs to be re-polished. Inspect the plumbing. Are there leaks? How about the tap water? Does it run well or drips?

The bathroom is another expensive remodeling job. Are the tub/shower, the sink and the toilet in good condition? Is there any evidence of leaks? Any cracks? Are the cabinets in good shape? Do you see any sign of mold or mildew? Mold and mildew can be indicators of more serious problems. Are the floors buckled? That can indicate a plumbing problem.

Examine the attic carefully. Make sure it is well insulated so that you won’t lose heat from your home. Look for any signs of leaks. Sometimes even roofs that appear to be in good shape have leaks that can be expensive to fix. What sort of ventilation does that attic have? Look at the exterior and check the maintenance. Count the windows and doors.

If you are seriously considering a house, walk around the neighborhood in the evening when people are home. Is this a neighborhood of young families or retirees? Will you be comfortable living among these neighbors? Try to see the house in the rain. Problems that weren’t apparent before may show up when it rains. If everything checks out and the house is within your budget, now is the time to make your offer.

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How To Get The Best Home Equity Loan?

July 8th, 2014 Comments off

Home equity loans are one of several highly preferred financing solutions for individuals or residence bidders who are in big need of a greater sum of money. The impact that it produces in the financing market is that it is the most suitable choice you could take specifically if you are frustrated with a terrible credit.

This sort of loan basically allows the customer to lend the money they need through their residence as the guarantee of the loan. As a result, with this form of setup, creditors or mortgage suppliers are also in a safer place. Collecting the guarantee is really easy because you practically cannot turn tail with your home or hide the secured property in case you fail to repay on your house loan. This gives creditors the added certainty of approving the bank loan even if you are truly having liable files in your credit profile.

It is vital to note that property equity loan is altogether different from property equity personal line of credit. Personal line of credit is fairly good for folks who have decent credit standing and it allows them a more manageable contract of borrowing the sum of money they need. In addition, you also get the ability to utilize your loan if you need more capital to use. Even so, the common feature of both opportunities is that you can use your property as secured funds for the loan.

When it comes to a property equity loan, one can find common applications which this option can definitely help. As an illustration, you can decide to apply it to finance many of the larger bills you need to take care of such as major dwelling remodeling or redevelopment. It is as well a good financial account for college education payments of your girls and boys, consolidate debts which have high interests to offset and to settle the investment or property you plan to obtain in the future.

An increasing number of borrowers are seriously getting fascinated with this kind of arrangement because of the countless attractive features it presents. For example, you are not required to maintain a good credit ranking in order to get recognized or to meet the requirements. This loan option likewise has a a typically lower cost interest.

The re-payment you are asked to comply with are as well tax deductible and additionally, you have the ability to obtain a great amount of capital for your payments.

There are lots of ways to help you get the best house equity loans which might really support you in your numerous financial problems.

Visit Home Equity Loans Guide and learn more about loans and mortgages.

Do I Rent Or Buy?

February 14th, 2014 Comments off

First time buyers, couples or young families often consider buying a new property a no-brainer, as long as they can come up with the capital for a deposit. But since the economic crash, house prices have fallen and, although rising, are unpredictable. Nobody can really afford to buy a property with the chance of it decreasing in value but who wants to flush their money away on rent when they could be making an investment.

There are many benefits to renting, maintenance and upkeep is not your responsibility in any way. Most contracts are only around 12 months so after that you can up roots and move on if you wish. There are certain legislations in place to protect you and you have no chance of falling into negative equity.

Whatever way you put it, rent is dead money, you pay it in and that’s it, you won’t be seeing it again. You can often over budget yourself and pay so much in rent that you cannot afford to save for a deposit to actually buy a house. You may get a landlord or agency that is reluctant to spend any money on maintenance and need constant chasing; you should make sure you have a decent landlord who is registered and will put your deposit in the right place as stated by law.

Should you find yourself with the spare cash for a deposit, paying for a mortgage will be paying money into something that should ultimately hold its value if not increase your investment allowing you to purchase a more expensive property. You can avoid any of the problems associated with a landlord and can ultimately do whatever you want in your own pad, your house, your rules.

There are quite a few costs involved in buying a house and setting up a mortgage; solicitors fees, surveyors etc, this could also include any repair costs needed to make the property liveable. Choosing a mortgage is difficult as you will need to find the right one for you, interest rates can vary and some banks and lenders offer more than others. You will be responsible for the property both aesthetically and legally.

Basically, it comes down to two things; do you have the equity to buy a property? And are you willing to take a risk with an investment? If so, then buy, if not, consider renting below you means for a while.

Many looking for a house rent Wirral often look for Wirral houses rather than flats or property shares which could help save money in the long run.

Birla Sun Life Mutual Fund Celebrates 15 Years Of Wealth Creation

October 26th, 2012 Comments off

Birla Sun Life Mutual Fund (BSLMF) is celebrating completion of 15 years & has turned out to be one of the leading Mutual Fund houses in India today. Since its inception, the fund house has registered impressive growth in terms of business (asset under management) and has offered funds to its investors that have created wealth for them consistently.

Established in 1994, Birla Sun Life Asset Management Company (BSLAMC) is a joint venture between Aditya Birla Group, a well known and trusted name globally amongst Indian conglomerates and Sun Life Financial Inc, leading international financial services organization from Canada.

Known for its consistent performance, BSLAMC has received recognition from various institutes of international repute like the CRISIL, Asian investor Magazine, The Asset Magazine ICRA and Lipper. It is the only fund house in India to have won the coveted “Mutual Fund House of the Year” from CNBC TV 18 Crisil twice in a row. BSLAMC is amongst the top 5 asset management companies in India with an average asset under management of Rs 68,066 crores as on December 31, 2009. An impressive mix of reach through 106 branches, full range of product offerings across equity, debt, balanced & structured asset classes and strong investment performance has helped the Company enjoy trust of over 2.3 Million investors.

Aditya Birla Financial Services Group is a broad based and integrated player in the financial services space with a strong presence across verticals viz., life insurance, asset management, retail broking, distribution and wealth management, NBFC, insurance broking & advisory services and private equity. ABFSG is rapidly growing in line with its vision to be a leader and role model in the Indian financial services sector.

The seven companies representing Aditya Birla Financial Services Group are Birla Sun Life Asset Management Company, Birla Sun Life Insurance Company, Birla Global Finance Company, Aditya Birla Money (erstwhile Apollo Sindhoori Capital Investments), Birla Sun Life Distribution Company, Birla Insurance Advisory & Broking Services and Aditya Birla Capital Advisors.

The consolidated revenues from these businesses crossed USD 1 billion mark in 2008-09. ABFSG has its wings spread across more than 500 cities in India through over 1500 branches and over 2 lacs channel partners. Today ABFSG collectively enjoys trust of over 4 million customers, manages assets over USD 16 billion and prides itself for having a talent pool of over 15,000 committed employees.

ABFSG is a part of Aditya Birla Nuvo Limited (ABNL), a USD 3 billion conglomerate having leadership position across its manufacturing as well as services sector businesses. ABNL is a part of the Aditya Birla Group, a USD 29 billion Indian business house operating in 25 countries across the globe.

Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide. As of March 31, 2009, the Sun Life Financial group of companies had total assets under management of $375 billion globally.

The average AUM of Birla Sun Life Asset Management Company as of 31st December was Rs 68,066 crores making it the fifth largest fund house in India, while the number of investor folios today stands at over 23 Lakh. Birla Sun Life Asset Management Company offers a wide range of products to suit the wealth and income creation needs of investors across asset classes including Portfolio Management Services, Offshore Fund and Real Estate Fund.

In a celebratory event for marking the completion of the 15 years, some of the first set of investors who are associated with BSLMF even today, were felicitated by Mr. Kumar Mangalam Birla, Chairman – Aditya Birla Group. These investors have realized multifold gains from their investments, underlining the need of having a long term horizon in case of equity investments.

In order to provide investment solutions to its investors on an ongoing basis, the fund house has focused on investor needs and launched innovative products. BSLMF was the first to introduce Birla Cash Plus as a Quasi Money market fund. When stock markets were volatile and investor sentiment weak in the year 2002, the fund house identified the opportunity to invest in high dividend yield companies through Birla Dividend Yield Plus. Further, Birla Sun Life Tax Relief ’96” (BSLTR’96”), has been adjudged “the World’s Best-Performing Equity Fund”, according to Lipper global data. Birla Sun Life Tax Relief ’96 has secured the 1st rank based on thirteen-year annualized return of 35.33% in Indian Rupee as of 30th September 2009.

Mr. A. Balasubramanian, CEO-BSLMF said, “We have entered into the 15th year of our foundation amidst challenging environment as we move closer to the leadership position in the industry, following strong business growth. We are celebrating the occasion with solemn commitment of continuing to focus on the needs of our investors and serve them better.” “Over a decade and half of experience over various market cycles has helped us formulate time tested processes to help us deliver consistent investment performance for our investors”, said Mr. Balasubramanian thus concluding the event.

Looking to know more about Birla Sunlife MF’s 15 years of wealth creation, then visit Birla Sunlife Mutual Fund to find it all.

categories: birla sunlife mutual fund, birla sunlife 15 years of wealth creation, mutual fund, invest, equity, finance, stock, share, tax, wealth

Get Bigger Profits With Automatic Forex Trading

September 14th, 2012 Comments off

Due to the introduction of automatic and automated forex trading systems, forex trading has gained tremendously in interest and popularity in recent years. Now the market which was previously open to banks and similiar big financial institutions is luring in medium and even small investors.

Forex trading involves the exchange of one currency of one country for the currency of another country. As forex trades happen round the clock with transactions of billions or perhaps trillion of dollars everyday, thus it is considered one of the largest and most active financial markets.

With the advent of the internet, network, communication technologies, and sophisticated automated forex trading systems, participating in the forex market is now open to virtually anyone having a computer, an internet connection, a forex brokerage account and a good trading platform.

Trading forex requires constant monitoring due to the fact that the market does not close. But with an automated forex trading system, you can specify in advance your entry and exit price. Together with a small seed amount and with the help of a broker, your trading orders will be executed instantly.

An automatic and automated forex trading system allows you to benefit from the profitability of the forex market without having to become an expert in trading. In automated trading through managed accounts, the trading program or human experts executes the trades for you.

With a reliable auto trading platform, you are not required to do the actual trading yourself and therefore you save your time. And if you can watch the market constantly, you can mange multiple accounts from your trading platforms, simultaneously, which was never possible with manual trading. Automated forex trading systems present advantage of trading multiple systems and multiple markets.

You do not need to miss any profitable trade even if you are not present in front of your computer terminal. An automatic and automated forex trading allow your trades to be made at any time of the day or night, regardless of your presence.

An automatic and automated forex trading helps you in taking advantage of multiple forex strategies and different systems. Because different systems are designed to be triggered by different trade indicators, you can diversify your investment as well as your risk.

An automatic and automated forex trading also eliminates human emotions and psychology that can often affect proper and profitable trading decisions. With an automatic and automated forex trading system, you will be capable of monitoring many currency pairs at a time and you can follow and execute all of them.

Even though the automated trading system will trade for you, it is good to learn some basics on forex trading. Learn more about fundamental and technical analysis and some popular indicators.

Just being automated, the trading system never guarantees you success as the market is influenced by many variables and parameters. The forex automated system is not just mechanical, but is fully programmable and you can customize them according to your needs.

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