The Different Types of Home Loans

Are you in the market for a new home or maybe an upgrade from your current home? Before you go jumping with both feet into the unknown you should probably do a little research about all the different types of home loans that are out there now a days for new buyers. Some of the jargon used in the descriptions of these loans can be confusing; while some may sound good they might not be right for you and vice versa.

Today we want to take a closer look into fixed rate home loans. This type of home loan vary greatly from an adjustable rate home loan. The fixed rate loans mean you pay the same amount each month, each year, for the entirety of your loan. The adjustable rate means your mortgage rate can fluctuate from year to year depending on the bank and figures. Traditionally the adjustable rate loans seem to be the better choice…in the beginning, when they begin to adjust and increase you could end up paying double what your payment started at.

This adjustment has been a problem for many homeowners; once the rates change it can double your payment if not triple it depending on how high the jump is. A fixed rate home loan is one of the safest choices when it comes to home loans, because you will always know what your payment will be and if it does change with a fixed rate loan the amount won’t be that drastic.

A fixed rate home loan can be chosen with more flexibility. For example, NPBS feature-rich fixed rate home loans come in 1, 2, 3, 4, 5, 7, or even 10 year increments. These time frames for repayment can vary depending on the institution that is taking care of your loan, some places will allow you to opt for a 15 or 30 year fixed rate loan as well. Don’t let the fixed rate loan title fool you, when you have some extra cash you can pay more onto the principle of your loan in order to repay it quicker.

When you take out a reverse mortgage it pays you, rather than you having to make monthly payments to your lender. How a reverse mortgage works is by allowing you to request reverse loan payments to be made to you on a regular basis or ask for one large payment all at once. By taking out this particular type of home loan, you can avoid having monthly loan payments. You won’t owe the balance back on the loan until you move out of your house. In the event that you pass way, your family can choose to allow the house to be sold, in which case the lender would keep proceeds equal to the loan balance and any leftovers would go to your family. Alternatively, your family can pay off the loan balance themselves and keep your home.

It cannot be stressed enough to be smart when you are purchasing a new home, do your research when it comes to types of loans as well as all the different institutions that can provide loans, you might have better luck at a bank a little further than your current location. Bigger cities or towns tend to have better rates when it comes to home loans, so browse around before you settle on a final home loan.

Eco business: how to keep yours clean

It seems like the facts about climate change have been around forever, and for younger readers that might well feel like the case. Yet no matter how vital the information contained in An Inconvenient Truth or The Shock Doctrine seem, few companies have been willing to jump on the climate change bandwagon and help the environment in a meaningful way.

Major brands like Tesco, B&Q and DuPont have made great gains with carbon reduction in their business, yet their progress is relatively minor when compared with the amount that realistically needs to change if the climate is to remain stable.

Every business has to be able to markedly reduce its carbon footprint if the world is to remain safe for habitation. But, as Naomi Klein’s book The Shock Doctrine has made abundantly clear, free market capitalism will continue to diminish the climate and environment.

But you’re not a mega-corporation polluting the world with a chimney stack and wads of money. You’re a straight-up small business with an honest work ethic.

And your effort doesn’t have to be like spitting in the wind. With specific products you can make your company eco-friendly and do your bit for the environment – without ruining your profits.

The right adhesive

If you’re in the construction business, you’ll be more than aware of how much waste goes into the manufacture of any product. Sawdust on the floor, spent glues congealing on work surfaces and pieces of pointless plastic stacking up in the waste basket – it’s all symptomatic of a wasteful environment.

You don’t however, have to waste everything in a workshop. For a start, try out Tensor’s composite adhesive, which is designed to minimize wastage thanks to its high-pressure canister. Investing in one of these canisters will minimize waste, maximize the longevity of your product and, in turn, contribute towards a cleaner environment.

Keep employees in the know

If you’re reading this, chances are you’re a free-wheeling climate change radical. But that doesn’t mean your employees are on the same wavelength. Some might even be cynical about the existence of climate change, especially if you’re located in the US.

This is your company, however, and you make the rules. No matter what the personal beliefs of your employer, you have to make it clear that you won’t stand for poor recycling protocol.

You can do this by sending out regular emails outlining your recycling and energy policy, and having semi-regular training sessions with them will ensure that, despite their conflicting opinions with you, they won’t have any excuse for avoiding eco-protocol.

The Argument for Requiring Renter’s Insurance

The trend towards investing in real estate properties isn’t slowing down, as an increasing amount of individuals are throwing their hat into the landlord-ing ring and renting out personal property for a supplemental income.

Americans are slowly shifting their mindset towards permanent renting instead of the old American Dream of buying a home. In fact, according to the New York Times, our nation’s homeownership rates have fallen for nine years straight. Combine that with the fact that rental rates are rising and you’ve got yourself a promising investment. Maybe you’ve decided to join the ever-expanding pool of landlords, or perhaps you’re already renting out your space and have been through the ins and outs of the process. In either case, there’s a new trend to remain aware of—renter’s insurance. As the rental market becomes more competitive, landlords have their pick of the litter when it comes to tenants, but as the old saying goes “It’s better to be safe than sorry”. Cue the argument for renter’s insurance. A vast majority of professional property management companies are now deciding to require renter’s insurance in their lease terms, with a whopping 84 percent of those surveyed in 2015 requiring renter’s insurance before leasing out a property. Small-time, independent landlords are now picking up on the trend, and there’s never been more reason to make this a lease provision.

Deductible Damage

Deductibles are the unwelcome part of insurance, but unfortunately there’s no way around them. Should damages occur in your rental property, say as a result of a tenant accident or some type of storm, you’ll have to shell money out of your own pocket to cover deductible costs. If your tenant has renter’s insurance, their coverage would likely cover the costs of your deductible.

The Proverbial Lawsuit

Hate to say it, but the law usually sides with the tenant in legal disputes, even if it seems that they’re in direct breach of your rules. It’s essential for property owners and their families to take the utmost in precautions when renting out a home. Should something happen at the home, a safeguard of renter’s insurance will help handle damage costs. Most times, when there are damages at a home, whether they be caused by natural elements or tenant mistakes, landlords will often find themselves being forced to cover the costs. If it moves to court, legal fees alone will cost a pretty penny. If your tenants were to have renter’s insurance, the damages might be covered, leaving you and your personal assets out of the equation.

Weed Out Bad Tenants

It can’t be said enough: you need to make sure you screen your tenants properly. There are thousands of tenant horror stories out there, resulting in huge damages to personal property and large cuts to property owners’ wallets. Hopefully one of your first steps as a landlord was to use a good screening service; if you haven’t yet, get on board the train with tenant screening from and make sure you tell tenants upfront that they have to purchase renter’s insurance to even be considered during the application process.

Make Sure They Renew

You pick a tenant, they show you proof of their renter’s insurance, and so begins a cohesive relationship between landlord and tenant for the foreseeable future. If you’re lucky enough to land yourself a long-term renter (every landlord’s dream), ensure you remain on top of the insurance issues. When it comes time for their lease renewal, ask your tenant to again show you proof of renewing their insurance.

Renter’s insurance from Progressive is a positive for both renters and landlords, and both parties stand to gain. If you’re renting out personal property, consider a lease provision that requires purchase and renewal of renter’s insurance for the entirety of a tenant’s stay in your property. This will keep your family and personal assets safer from legal action, and your tenants will have more to fall back on should an accident or natural disaster occur. It’s a definite win for everyone.

Easy Ways To Earn Money At Home Without Breaking A Sweat


ComputerThe Internet has become a really big part of everyone’s daily lives. Should you need to find a recipe of a chicken pot pie you have been meaning to make for your family, the Internet has got your back. A quick Google search will provide you a step-by-step guide on how to make that delicious meal possible. Do you wish to follow the score of your favorite sports team? Or do you want to check if your mother’s flight has been delayed or on time? Everything is practically one Google search away.

But the Internet has a lot more to offer than this. Much has been said about its capability to connect people from different parts of the world. But the possibilities you can get and do online should not and does not stop there.

Say you are at home, have an awful lot of time to do anything but can not seem to determine what, how about you earn some real money on the Internet? And the best part of this is you do not have to leave your house to make this possible.

Today we will be listing a few easy ways how you can earn some bucks without breaking a sweat. You can do these while waiting for that chicken potpie or while watching your favorite game on television.

Create An Awesome Blog

Blogging has been on the forefront of earning money online, and it has been here for quite some time. Although it takes time for the money to kick in, it sure as hell rewarding when people have started noticing your website.

When creating your blog, you must choose a topic that you really are interested in. It can be a hobby that you already have, for example: create a blog about the current fashion trends in Hollywood or otherwise. Or if you love your little furry friend, why not make a blog about dogs?

Blogging requires time and dedication. Once you got the hang of it and you post continuously, you will be able to build your readership along the way. Marketers will notice that your site is racking up in traffic and they would want to place an ad on your blog. This way, you can charge them for either a website banner or a sponsored post. Here is a tip though: blogging can be addictive, but the money you will be able to earn from it is going to be huge.

Sell Your Talents To Those Who Need Them

If you are someone you would consider to be really good in numbers, or if you paint really well, why not offer your services to those who need them? A lot of websites, including Craiglist, give you to freedom to post your ad for free. Some people look for an artist who can produce a logo for their business. Some will ask you to write about an essay on World History. Play your strength, and earn from it.

But there are times when it is us who need help. Sometimes we need help about setting up our home security or someone to help us on our homework and exams. There is a site called Prestoexperts that exists to help you. They have online experts on subjects ranging from education to technology and to health. They even have licensed online counselors to help you in your time of need.

Do Online Surveys

If you do not plan to spend a lot of time freelancing for online work, then perhaps doing online surveys is for you. A huge number of sites offer money in return of your answers to their surveys and questionnaire. This way companies, or their clients, can hear valuable feedback from consumers in order for them to do better in the future.

Auction Your Stuff On eBay

For sure, there are things inside your room that you no longer use but you could not find the courage or perhaps time to get rid off them? At this time and age, selling stuff online is already an acceptable way for you to get rid off stuff you no longer use while earning. It can be an old phone that is still in good condition, a desk lamp, or even a shirt from a Nirvana concert years ago. Things like that shirt have a sentimental value due to its antiquity. You can bet that a lot of people will bid on it and you can just sit and watch them compete for it by outbidding others. The price will go up and all you have to do is watch.


Be A Freelance Writer

Many websites would pay for your article. If you have a knack of writing stuff out of thin air, then freelance writing may be for you. What a freelance writer does is you would have to write an article based on your client’s needs and specifications. It can be anything under the sun, from guides to make your own sushi to more complex than binary options trading. You must be flexible because you never know what your client will ask of you to write.  Some websites pay per word, some pay per article. But the more article you turn in, the more money you earn.

Create Arts and Crafts And Sell Them Online

Believe me when I say that many people are so tired of buying the same product that has been mass-produced. It can be a shirt that says “I love NY,” or a coffee mug that says, well, “Coffee!” If you have a talent in making awesome and incredible things out of raw materials, then this is going to be for you. Make a bracelet that customers can easily customize so they can spell their names; a shirt that have a really wicked designed; a coffee mug that have really clever quotes that make their mornings good.

Have you recently earned money from doing an online work? Tell us more about it on the comments section! We would love to hear more!

Images by negative space and Alejandro Escamilla under CC0 Public Domain.

When Life Hands You Lemons, Get a Line of Credit

A recent study has found that the majority of Americans find themselves spending money they don’t have on essential car repairs or utility bills. For some low-income families, the cash shortage can be significant enough that they spend more than 182% of what they make in a year. Even the middle and upper classes aren’t without their difficulties, as each rung spends 89% and 61% more than their respective incomes. When you look at the numbers, borrowing money in order to cover basic needs seems inevitable.


For those financially green individuals, the thought of debt can induce heart palpitations, but there’s no reason to stress. Debt is a fact of life. According to a report conducted by the Pew Charitable Trusts, as much as 80% of Americans are in debt. Between mortgages, student loans, credit cards, and car loans, debt is unavoidable. Looking for a line of credit to help pay for sudden, on-going charges like home repairs or utility bills isn’t a sign of failure. In fact, if you do it right, it’s the best way to support you and your household.

Not all personal lines of credit are created equal;however, so it’s important that you do your homework before you check out these options. You need to confirm the lender you choose for your line of credit can provide security and responsibility through fast-acting, convenient loans. When time is of the essence, traditional lenders can’t offer all of these features, which is why so many Americans choose to investigate MoneyKey as their source for lines of credit.

Direct online lenders have an incredibly quick application process that requires very little time or effort on your part. As long as you have access to the Internet and can provide proof of your income, a valid bank account, and a working email address, you can apply. You’ll know if you qualify instantly. From there, your application will be reviewed and any of the information you provide is verified. Should everything check out and your application is approved, your limit (typically $1,000) will be available within one business day.

In order to apply to any lender, regardless of the quality of your loan, you will have to release information. To ensure your contact and financial data is protected online, your direct online lender must employ a minimum amount of digital security. Things like updated firewalls and Secure Socket Layer (SSL) should protect their website and their digital storage spaces.

To ensure your line of credit can provide a responsible solution to your financial situation, look for their license and online precautions. Your direct online lender must be licensed to issue loans in your state. Without this accreditation, there’s no way to guarantee the credit they provide abides by your state’s laws and regulations regarding money lending. This means they can raise the rates and change the terms of their loans with impunity, purposefully inflating and confusing their products so they’re harder to pay back.

While earning debt shouldn’t arouse fear or suspicion, you do want to be able to pay it back one day, so it’s critical for your financial health to ensure your direct online lender provides responsible lending opportunities. Take the time to research personal lines of credit in your state, and make the right choice about your finances.

5 Tips to Sustainable Passive Forex Growth

Also known as passive management, passive investing is a means to limit your exposure to the sometimes sudden changes associated with a discrete position. Lower transaction fees and more stable profit margins are two additional goals associated with this approach. Although passive investing is normally associated with following a market-weighted index, it is still possible in reference to Forex trading. Let us look at some general concepts to appreciate as well as why this strategy can prove to be worthwhile from a longitudinal perspective.

1. Psychology

The first tip is to have the correct psychological mindset. By its very nature, passive trading is a much less proactive approach when compared to other strategies such as day trading. The passive trader is more interested in long-term goals as opposed to short-term positions. This can also help to limit the amount of emotion involved with a given trade; essential for making objective choices.

2. Percentages

It would be a mistake to assume that passive Forex investing is a “hands-off” methodology. On the contrary, it is just as important to follow interest rates, economic data and other major indicators. However, the percentages placed within any given position can be somewhat less than those associated with short-term day trades. The theory is that once a profit goal is reached, these funds can then be withdrawn and used as a means of sustainable wealth.

3. Prudence Through Automation

Many passive traders take advantage of the tools and instruments offered at CMC Markets. Stop-loss, OCO and limit orders are three examples. Automated trading methods offer some very unique benefits. First, unpredictable losses can be curtailed. This is obviously important for those who are on a limited budget. However, this approach will not dampen any profits to be realised. Passive and prudence should always be used within the same sentence in this fashion.

4. Long-Term Market Trends

Many passive Forex traders tend to minimize the impacts of any knee-jerk reactions which often occur within the currency sector. Instead, they focus on the big picture. This is often simply referred to as “big picture” trading. Spotting long-term trends and factoring in potential impactors (a recent example could be the potential Brexit) are both methods that are employed here.

5. New Versus Existing Capital

Staying true to the mantra of mitigating risks, passive traders will always strive to reinvest profits from previous positions as opposed to depositing additional capital. To put this another way, such a strategy is seen as “leapfrogging” from one position to another. Should losses occur, these will not ablate funds that cannot afford to be spent.

These are five excellent tips for those who may be looking to adopt a more passive trading approach. Like any strategy, passive trading takes a certain amount of skill and success will not occur overnight. Be sure to use the informative tools within CMC Markets to appreciate the further intricacies of such a methodology.

To Rent or Not to Rent, That is the Question

As the housing market continues to fluctuate, you have to wonder if it’s better to rent or buy your home. On one end, rising apartment rates in cities across the U.S. are making homeownership look more appealing to the once precautious buyer. However, there’s no longer a guarantee that the money invested in a home will net a similar, or higher return. Before deciding to rent or buy your next home, there are some important differences between renting and homeownership that you need to think about.

Let’s take a look at some of the pros and cons of renting versus owning a home.

Pros of Renting

For those afraid of commitment, (maybe you plan on leaving your job in the next couple of months or don’t see yourself living in the city for the long haul) renting offers you autonomy. Signing a year or month-to-month lease gives you the opportunity to change your plans on a whim. Let’s look at some of the other pros of renting:

You Can Pick Up and Move: Unlike with the ownership of a home, you’re not locked in to your apartment. If your job should require that you move to another state or town, you can. If you’re the extra-squirmy type, a month-to-month lease offers you the freedom you need if you don’t see yourself settling down in one place for too long.

Maintenance Included: As a homeowner, if the dishwasher leaks or the air conditioning unit breaks down, you are responsible for the repairs. This isn’t the case as a renter. All you have to do is call up your landlord or superintendent, and they will send their maintenance team to fix it free of charge.

Lower Insurance Premium: Apartment complexes are beginning to require that their prospective tenants have a renters insurance policy. Much more affordable than homeowners insurance, renters insurance covers the cost of all of your damaged, lost or stolen personal possessions. And thankfully these days, it’s not even hard shopping for insurance packages. Sites like CoverHound help you compare renters insurance from several reputable companies so you can find a policy that fits your needs and still saves you money.

Dodge a Depreciating Asset: Because the housing market is in a constant state of flux, owning one’s own home isn’t a guaranteed positive investment anymore. If you bought your home for $700,000 and the market took a downturn, putting its value at $400,000, you have now lost $300,000. While renting an apartment is a guaranteed draining of funds, you need to be wise in the home you end up purchasing and hope for a little luck to stay in the green.

Cons of Renting

All things come at a price; unfortunately, that’s just the way life goes. While renting has plenty of positives, it also has a few drawbacks:

Pet Ownership: If you own a dog, finding an apartment with an open pet policy can be a tough. Many landlords are wary to rent to tenants with pets for fear of damage to the unit caused by a rambunctious chewer. And if your pup’s a barker, you’ll have angry neighbors whom will more than likely complain to the landlord. It’s also worthy to note that some apartments simply aren’t big enough for your fur baby to run around in, leaving for a complacent-at-best, depressed-at-worst pet.

Payment Increases: With homeownership, you always know what your mortgage payments are going to be. As a renter, your monthly rent payment is subject to change, especially with a month-to-month lease. Because rents are on the rise in the urban areas, landlords are looking to lease to the highest bidder.

No Tax Breaks: Come tax season, homeowners can deduct home repairs, property taxes and mortgage interest payments from their federal income tax. Renters do not receive any tax breaks for renting.

No Equity: Homeowners (when the housing market is stable) build equity. Over a certain amount of time, real estate (when the economy is running smoothly) appreciates. This can make the house you purchased for $700,000 worth $1 million. Renters do not their unit and thus do not enjoy any property value fluctuations.

What is most important to think about of course is how you want to spend your money and where you see yourself in the next five years. These answers will help you to determine whether it is better to rent, or not to rent.