Author: James Paul
Cash advance loans can be very helpful in times of financial struggle, but they can also cause havoc if they are not used prudently. Overcoming financial problems is essential to maintain a debt free lifestyle. In general, cash advance loans are very essential in so many ways. However, borrowers should never make them their first option and always their last. There are myriad of reasons why this statement should not be overlooked. Primarily, the interest rates that they carry are quite high compared to other loans as such, borrowers may end up owing more than they can afford. On the…
The rent amount is on a steady rise which means that the homebuyers can easily manage their mortgages by renting a room and invest the income for buying a home. Depending on the regions where they are renting, they can make a saving of tidy figure. The homeowners in the area of low house prices stand a good chance of earning a surplus over their mortgage expenses as compared to those living in the south. The government-supported rent scheme has paved way for attractive earning as much as £4,250 a year or £354 a month tax-free. According to Santander -…
For many, a peculiar role reversal happens when they hit middle age. Aside from the aching bones, lack of energy and planning for a much-needed retirement trip; many in their 40s, 50s and 60s are faced with caring for an aging parent. A recent MetLife survey found that nearly 10 million adults over 50 are emotionally and financially supporting an aging parent, a number that has steadily increased over the past 20 years. As an older or middle-aged adult yourself, you’re torn between providing an acceptable level of care while planning your own retirement or saving for your children’s future.…
It can be a good quandary. Someone buys life insurance in case something unforeseen happens, or the inevitable and their heirs are left with a valuable asset. In today’s trying economic times, and as people live longer than previously expected, a life settlement may become the best choice for someone to live an independent lifestyle in their golden years. Life or sometimes known as viatical settlement is one where someone sells their life insurance policy to a Life Settlements provider for an amount in-between the cash surrender value and the overall death benefit for an amount to be used as…
We protect our health, our vehicles, our boats, our motorcycles, our homes, and even our jewelry with insurance in the event of a health issue, accident, or theft. When we think of insurance, we often think about these items – our valued material possessions, and our health, because of the high cost of healthcare. Even with all this insurance available, there is one that we often ignore, or maybe doesn’t even cross our minds, and that is emergency food storage as insurance. Who would think that we have to get food insured? We may even take it for granted that…
Earlier this year on July 9th, Finance Minister, Jim Flaherty announced new changes to the mortgage rules. The new measures included shortened amortization periods (30 to 25 years), lowering the maximum amount Canadians could borrow against their home when refinancing (85 to 80 percent), fixing the maximum gross debt service ratio (39 percent) and limiting government backed insured mortgages on homes over $1 million. The main objectives for these changes were to stabilize the housing market and reduce the increasing homeowner debt throughout Canada. After the announcement, many homeowners and property investors were left wondering how these changes were going…
It is said that the only two unavoidable things in life are death and taxes. Doing your taxes correctly is one of the biggest pains people suffer from every year. You can hire a professional to file your federal income taxes for you, but that will end up costing you a lot of money. Avoiding the stress and frustration of filing your taxes on your own comes down to being well organized and know what you are doing. Definitely, many taxpayers are nervous about filing taxes on their own, especially when you are doing your own taxes for the first…
The average adult faces a whole lot of demands—demands on their time, their attention, and most of all, their wallet. You have bills to pay, people to interact with, studies to do, projects to accomplish, and the list goes on. The list of all the things you have to care about and pay attention to can start to grow longer and longer, and with each demand you find your money supply shrinking and shrinking. There’s only one solution: find a source of more finances in order to make for the lack. Payday loans are gaining popularity. They are easy to…
Making good cost projections is integral to your success as a house flipper. When you don’t predict your numbers accurately, you run a major risk of loss on your investment and the loss of your investor’s money as well. For me, predicting accurate costs are so important to my house flipping business, as they predict all my profits and losses on every flip… and unfortunately I have learned the importance of doing this accurately by not doing it accurately! So whatever you do, make sure you accurately pay attention to the costs you predict for your house flip projects. As…
Student loans are often the first type of debt that many people take on. They are also next to impossible to eliminate during a bankruptcy, so they have the potential to follow a person for the rest of their lives if they’re not able to pay them off quickly. Unfortunately, it can be difficult to make payments when your income doesn’t provide enough money. Because this is actually a common situation for many new graduates, the option to defer payments is becoming more popular. As the U.S. Department of Education explains, a student deferment loan is a period during which…