Your complete guide to achieve financial freedom. Proven tips, tools and tactics for you to achieve financial freedom. Make money, save money and effectively manage your money.

Personal Financial Freedom

Written by Dian Herdiana on 10:02 AM

It is important for everyone to understand basics of personal finances and also effectively use them .

Any individual has two types of income . Assured income as well as income which is not assured.
Assured income is one which will keep flowing whether you are personally working or not . For example, Rentals, dividends, royalties , Interest , etc .

On the other hand income which is not assured is one which stops flows the moment you stop working. For e.g Paycheck, Bonus, etc ..

Similarly , there are broadly two types of expenses .Fixed and discretionary. Fixed expenses like , taxes, Debts, Insurance, household expenses , etc .

To achieve " personal financial freedom " we should be concerned about a Flow , which we can term as freedom flow . This is the difference between the Total expenses and the assured income .If the result is negative , then one can smell freedom . On the other hand if the result is positive , it implies continued imprisonment in the trap of debt.

There is a simple formula by which one can determine how long would a person take to achieve "personal financial freedom" .

N = Freedom Flow / AIOP x Plough back

Where , N = No of years required to achieve threshold of freedom .

Freedom Flow = Total expenses - Assured income

AIOP = Assured Income that can be generated as a percentage of the plough back. A 10 % conversion is a good reference .

Plough back = (total income) - ( total expenses ) . This is the money available for conversion to assured income .

To take an example, if for a person ,
Assured Income = $25,000
Total Income = $ 1,00,000
Total Expenses = $ 85,000
AIOP = 10 %
Then the plough back is $ 40,000.
So , as things stand , the number of years required to reach the threshold would be :
60,000 / .1x 40,000 = 15 Years .

Now , let us say the person is able to reduce his total expenses by 20 % and improve his AIOP to 15 %, then the number of years required for him to achieve threshold would be :
43,000/.15 x 57,000 = 5 years .

Such is the power of this equation , which essentially means that we should
Keep the freedom flow as low as possible . Increase income and reduce expenses .

Maximize AIOP

Maximize the plough back .

This formula , however does not take into account inflation . It is best to use this as an indicative tool rather than dissect it for accuracy .

Potharaju Ravindra is the author of bestsellers like GIVE ME BACK MY GUITAR published by Macmillan and FOOLS WORK HARD FOR OTHERS. To know more about him and his company please visit . To exchange views with him please visit his personl blog at

What Home Loan Lenders Look for in Would-be Homeowners

Written by Dian Herdiana on 9:43 AM

Nothing spells stability like a house does. This is why it is the ultimate goal of every wage-earning, tax-paying American to own his own house. All too often, the easiest way to own a house is through mortgage. How does mortgage work? You secure money from home loan lenders to buy a house.

There are two things that lie close to home loan lenders' hearts. The first is profit. The second is your ability to pay. Every now and then, there are home loan lenders who truly care about the well-being of their clients, but this type of home loan lenders is few and far in between. In dealing with home loan lenders, you must keep in mind that they are running a business and the bedrock of every healthy business is return on investment. Therefore, home loan lenders put high premium on taking care of business and what better way to do this than by ensuring that everyone who takes out a mortgage is able to meet payments on time?

The Importance of Credit HistoryHome loan lenders look at your credit history to gauge your ability to pay. Your credit score speaks volumes about the kind of debtor you are. A credit score is a standardized measure used by home loan lenders to assess potential borrowers' ability to discharge debts. 900 is considered an ideal score while scores of 620 and above will qualify you for a conventional mortgage. Should your credit score fall below 620, you will have to utilize more creative means for financing and bear with higher interest rates.

Dealing with Poor Credit HistoryCredit problems, however, do not disqualify you from getting a mortgage from home loan lenders. It will be more difficult for you to take out a loan, but the operative word here is difficult, not impossible.

If you have poor credit history, what you do is keep your record clean for at least two years. Pay off those credit cards and car loans. Such payments will reflect favorably on your credit history and would make you less of an investment risk to home loan lenders.

The Significance of Debt-to-income RatioHome loan lenders consider not only your credit history but also your debt-to-income ratio. Your debt-to-income ratio is the money you make each month pitted against the debts you pay off monthly.

As a rule of thumb, the mortgage you can get will be somewhere between 2.5 to 2.75 times your income. If you make $90,000 a year, for example, you might be pre-qualified for a mortgage of $225,000 to $247,500.

In determining your debt-to-income ratio, home loan lenders consider your car payments, student loans, and credit card balances. If your monthly income barely meets your monthly expenses, your home loan lender will naturally require you to pay a higher interest rate. The logic for this is simple. Even without payments on your house, you are already having difficulties making ends meet. Thus, you represent high-risk investment to home loan lenders. To justify their funding of a high-risk investment, they will have to charge you more. This is the only way your mortgage will appeal to them, despite all associated risks.

In taking out a mortgage from home loan lenders, you will need both patience and cunning. More importantly, you will need to make decisions. Just be sure to gather all the information you need. You cannot go wrong with informed decisions.

Want to compare mortgage rates?

Visit our site today and get access to secured home equity loan rates from the best mortgage lenders.

4 Tips To Reach Total Financial Freedom Sooner Than You Ever Dreamed!

Written by Dian Herdiana on 8:26 AM

STOP and picture what it would be like to have TOTAL Financial Freedom, or to be Rich or Wealthy and have FULL CONTROL over your life. Certainly financial freedom is something we are all striving for... right!?! I mean who wants to work for the rest of your life and have nothing to show for it?

...or... Who is happy living paycheck-to-paycheck and having someone else control how much money you can make?

...or... Who likes being told what time you have to wake up every morning, what you must do everyday, and what time you can go home in the evening?

...or... Who enjoys earning just enough to pay off your bills, but never having enough left over to build savings or even to 'splurge' on fun things like vacations or traveling?

...or... Who can care less about having enough money in your retirement 'nest egg' to enable you to enjoy your 'well deserved time off'?

You see, you'd have to agree, I think the answer to each of these questions is the same, "DEFINITELY NOT ME!"

So what does it take for you to achieve TOTAL Financial and Time Freedom where you don't have to work anymore and you don't have to worry about how much money you are earning? And, is it even possible?

WAIT. Yes it is possible! There is a "Proven System for Financial Success and Getting Ahead" that wealthy people have followed for generations to build financial security and wealth.
If you're still reading this article, then you're interested in learning how YOU can set yourself free and gain control over your life, your financial destiny, and your future. I'm going to share some practical tips that can help you gain your freedom.

The main thing to understand before we get started is wealthy people DO NOT Work For Money... Instead, they have Money Working For Them! If you follow these 4 tips I reveal in this article, you'll be able to reach financial freedom sooner than you ever dreamed.

1. You Must Change Your Values From 'Poor' to 'RICH'!

To become wealthy, you have to think like the rich think. Adopt 'rich values' and have a positive attitude towards money. You deserve to be financially free and to have as much money as you need to live the life of your dreams. You need to get educated about how to create multiple streams of income for yourself.

Eliminate 'poor values' which is thinking like an employee or a small business owner.

Employees wait to be told what to do and they expect everyone to 'take care of them' (ie: their company, their boss, their union, the government, etc). Thinking like an employee keeps you very 'weak' minded and 'needy'.

Small business owners very rarely become wealthy because they think they have to do it all by themselves. They believe, "If you want it done right... you got to do it yourself." That's why they start their small business so they can have some level of control and dignity over their life. Sadly, thinking this way has massive limitations for your financial growth potential.

LOOK! If you remember only one thing from this article, remember this...
The richest people in the world build networks... (ie: 'TV networks', 'Telephone networks', 'Computer networks', etc.) and everyone else looks for work. Money doesn't make you rich -- business skills do. You can always use business skills to make as much money as you need or want.

If you believe you need 'job security' or you need to 'play it safe' and don't take risks, then you are falling prey to FEAR.

You will never become wealthy working for someone else because you cannot have Job Security and Financial Freedom... You must choose... which is more important to you?

If you desire financial freedom, then start by learning how to control your fear. Everyone of us has a 'little coward' inside of them and a 'courageous person'. Gain control over your fear and don't let the coward win - let the courageous person win!

LISTEN... Building A Business makes you rich. "If you want to be rich, MIND YOUR OWN BUSINESS!"

2. The #1 Asset A Person Can Build Is To... "Build A Business"

This IS the Secret! You are ready for total financial freedom... aren't you? Well, you must build your own business in order to achieve it.

3 out of 4 American adults (over the age of 18) want to start their own business. Sadly, few ever do.

The Reasons: Most people can't afford to invest 5-10 years for their business to become successful... Or they can't afford the amount of money it takes to build a business.

Face it, the statistics are frightening... this fact is verified by the U.S. Small Business Administration (SBA):

50% of small businesses fail in their first year and...
95% of small businesses fail within their first 5 years.

Above all, people have a fear of failure and this is why most people don't start a business for themselves. Instead, they go for "job security" and play it safe.

WAKE UP RIGHT NOW... "Job Security" is a JOKE!

You are well aware of the massive number of company layoffs that are happening today. Why would anyone commit so much of their time to working on something they have NO control over.

The truth of the matter is that you don't own your JOB, it owns you. You'd have to agree that working a JOB (or a career) is like a form of slavery.


You don't have control over how much money you can earn, what time you have to wake up every morning, where you have to be each day, what you have to do while you are there, what time you can get off...

By knowing this information, you can learn how to regain control of your life, your time, and your paycheck.

Something else you should consider is how risky your retirement program really is.

If you believe that your 401K and your Mutual Funds are going to take care of you... you also probably believe in the Easter Bunny and the Tooth Fairy.

Please don't get angry at me, someone sold you that bill of goods. Mutual Funds are not safe and not smart and you should never bet your financial future on the stock market. They are extremely risky for your financial future.

Today, most importantly, you want to own your own business to get your dignity back and take back control of your own life.

WARNING: Don't start a business that "owns" you either. This is a death trap too. If you are a sole-practitioner, you've basically created a business that controls you and not one that you control.

Remember, you are striving for TOTAL Financial and Time Freedom and if you have a small business that requires 110% of your time and energy, this is no better than having a JOB.
Let's face another harsh reality... when you trade your time for a paycheck, you are nothing more than a 'slave to the clock' and you will never become wealthy.

3. Have Courage & Strength To Fight For Your Freedom.

By now you should begin to realize that this is a life or death battle in the fight for your personal financial and time FREEDOM.

It takes courage and it requires strength to win this fight. If you're an employee you've given up your choices... someone tells you how much you make, when you go home, if you get downsized, etc.
You are fighting to be in control of your own choices.

Think about it this way, your boss or your supervisor is a bully telling you how to run your life.
And, the more security you "need", the less freedom you have. I hate to be blunt, but if you are needy, you are weak. And if you're weak, you won't have the strength (nor courage) to win the fight for your freedom.

We already discussed how FEAR is the main reason why more people don't start their own businesses.

I challenge you to get the courage to not care about what others think. To gain the mental and emotional toughness to withstand the world of 'big business'. You must learn how to make the yourself stronger.

If you want to be succesful today, you have to develop the mental, emotional, and core toughness and get the necessary education for running a 'big business'.

You deserve your freedom, that's what the American Dream is all about. Fight for your rights and stand up for yourself. Don't let others decide your choices or your lifestyle for you.

4. Network Marketing is the "Perfect Business"

The first thing to do is choose a type of business. There are all kinds you can evaluate from franchises to home based businesses, and more.

However, many wealth experts and financial gurus agree that a "Direct Selling Business" (also known as: Network Marketing, MLM, or Multi-Level Marketing) Is "THE PERFECT BUSINESS".

Although there are dozens of reasons why this is, I'll briefly share the top 3 reasons why Network Marketing is the Perfect Business.

(A) Network Marketing offers a way for anyone to immediately get into BIG Business with very low start-up costs. In most cases for just a few hundred dollars, overnight anyone can legitimately "be in business".

This is a brilliant way to get in with low cost and build a very big asset that can set you free. Network marketing gives the average person a fighting chance to take control of your life.

(B) Network Marketing gives you the CHANCE to build some self-confidence and get stronger.

Remember we said you need to increase your strength and courage to become tougher and stronger so you can take control of your life become financially free? Well, network marketing offers you that too.

It helps train you in the "real world of business" so you can learn how to fight for your freedom. You are in total control of your financial destiny.

(C) And finally, Network Marketing levels the playing field for everyone because you get paid for performance... not your educational degree, your family background, your race, or even your current situation.

It's all about performance! You get paid on performance PERIOD. For example, nothing and no one is in control of how much you make. The more money you want to make, it's up to you. Simply perform and you earnings are potentially unlimited.

Network Marketing offers all of this (plus much more). If you are part of a good network marketing company, they will do their very best to make you strong enough to withstand the rigors of big business so you can stand on your own 2 feet and grow your business (your asset) as large as you wish.

Bottom line... Network Marketing gives you back the control of your life, your choices, and your dignity - and that's PRICELESS!

So I'm sure you'd agree that Network Marketing is the perfect business... for some people... check your heart soul & guts to see if it's for you.

On the other hand, if you like people telling you how much you can earn and what time you have to report to work every day, then it's not right for you.

I love sharing this kind of information with people who are dedicated taking control of their lives. They don't want job security but instead want financial freedom.

My recommendation to you is that you "Demand your freedom so badly that you will do whatever it takes to get it. You must have a burning desire in your guts to want to have TOTAL FINANCIAL and Time FREEDOM!"

Also, remember to keep an open mind and give your freedom a chance. There are plenty of ways great Network Marketing companies that you can participate in that will help you achieve your goals.

In short please surround yourself with friends and family who want you to become rich and above all, adopt a positive attitude towards money... and get educated about how to grow your business.

If you want to be rich, "MIND YOUR OWN BUSINESS". Stop asking for permission and take control of your life... You really do need to get stronger today!


About The Author:

Marc Gamble, the author, is a wealth consultant and business advisor who teaches individuals, business owners, entrepreneurs, and professionals how to reach financial freedom sooner than they ever dreamed.

Using "Next-Generation" online marketing strategies and Online Streaming Video Technology, anyone can quickly and easily discover how to explode their income and revenue... reaching a whole new Level of Financial Growth and Ultimate Lifestyle Creation.

For Your Insider's Guide To Wealth Creation: "4 Simple Steps To Reach Financial Freedom Sooner Than You EVER Dreamed!"...

Just jump on over to:

(c) 2007, Want to use this article in your publication? Reprints welcome so long as the article and by-line are reprinted intact and all links made live.

Refinancing - Best way to measure costs and gains

Written by Dian Herdiana on 5:37 AM

Refinancing is a term in the finance industry that refers to the process of paying off a current or present loan with a second loan. If the situation is right, refinancing can be very beneficial for those who engage in it. So how do you know when the situation is right for refinancing?

First thing's first, refinance only works if the interest rates are low. If they aren't, then refinancing is out of the question. The goal is to save you lots of money which you would have used to pay off your monthly recurring bills on your current loan. With refinancing, there is the possibility that this monthly repayment amount will be reduced since the rates would be considerably lower.

However, interest rates are very fickle. They vary in accordance with the changing economy. So it can therefore be assumed that interest rates are never low for long periods and neither are they high for long durations of time. Because of this inherent flexibility of interest rates, refinancing may not always be beneficial to people. For home owners with second mortgages, mortgage refinancing may backfire. The same goes for those people with a lot of debt or those having trouble paying their bills on time. By refinancing, they may end up paying more than when they stick to the loan they already have.

What is the best way to measure costs and gains from refinancing?

Now, that you have learned when the best time for refinancing is, which is when interest rates are low, the next question that you would need to find the answer to is: What is the best way to measure costs and gains from refinancing?

As stated earlier, there are advantages and disadvantages to refinancing. The trick is to have foreknowledge of what you're in for. For some, the best method to find out what the gains are in refinancing is by comparison.

Compare all costs of your current loan and a new mortgage over a future period. Since the loan period may vary according to how steadfast you are in paying your bills, just make the best guess as to how long you will have the new mortgage. If the total costs are lower with the new mortgage, then you should refinance.

How to Avoid Mistakes in Refinancing

To be sure, the benefits of refinancing are astounding, provided that the situation is ripe for a mortgage refinance However, because of these perceived great benefits of refinancing, many people have the misconception that refinancing won't cost them money. Just for the record: Refinance is just like any other loan and of course, it will cost you money. What makes it stand out is the fact that it can cost you less compared to most other loans.

Source: Free Articles from


Tony Forster has a keen interest in living debt free having been "up to his ears" before I realized the need to take control. I am compiling a useful online resource at enabling anyone to find the perfect money managment for them.

Best Hard Money Bridge Loans Explained

Written by Dian Herdiana on 6:44 AM

What you need to know about hard money bridge loans - This form of credit is not for every one hopefully this article can elaborate. When weighing up lending companies a major factor is the lenders interest rate payable. The main area you should be concerned about though is the reason why you need a hard money bridge loan and whether getting one is going to solve your property problem. You need to compare the costs with the benefits of getting the finance now!

Let us now explore various times when you may need a bridge loan. Times you could use a business bridging finance loan are listed below :

Circumstance 1 - A business needs to raise cash fast - In this instance a business may need to buy out a competitor or expand it's existing business and it doesn't have time to wait for a commercial mortgage or business loan. Bridging finance can normally be raised in as little as 2 or 3 days.

Circumstance 2 - A company needs to purchase stock - If a companies liquidity is low and it doesn't have enough to buy a bargain lot of stock then hard money bridge loans can be used a temporary financial fix.

Circumstance 3 - Purchasing a property at auction - With land and property auctions it is normal that transfers of funds take place very shortly after an auction ends. If you have no commercial mortgage or loan in place then bridging finance is a perfect short term solution.

Circumstance 4 - Venture capital - Many entrepreneurs us this type of credit to take advantage of deals where money is needed now not in a couple of weeks. Because of the speed that these loans can be arranged in they are perfect for this type of application.

Circumstance 5 - Any legal reason - If you have another use for commercial, domestic or any reason whatsoever then you'll be glad to know that you can use this type of credit for any reason provided that it is legal.

From the above you can see the kind of uses for hard money bridge loans, but the uses are as varied as the people who need the finance. The best thing to do next is to get quotations for bridging loans if you think one could help you. On the footer you can find links to a site which offers cheap bridging loans for all circumstances.

Lets now explore the price an example for a loan for the sum of £100000 at a rate of 1% per month would cost you £1000 for a 1 month period. Many factors such as security offered and a customers risk profile can give a lower or higher rate. Interest rates vary depending on the security offered and your credit file.

Many people don't apply for hard money bridge loans because they expect to be rejected, or have already been turned down by their bank. You may be surprised though as we can accept applications from people with previous bankruptcies.

If you think a bridging loan could help you then visit Bridge Loan

Damian is the owner of many finance related websites. Including mortgage, loans and debt advice. For more information visit Bridge Loan

30 Year Fixed Rate Cash Flow Option Refinance

Written by Dian Herdiana on 2:19 AM

The Pay Option ARM mortgage has become one of the most popular home loans in the USA, and is definitely the fastest growing option in high cost states like California, Florida, New York, New Jersey and Connecticut. While many people love the start rates which can be as low as 0.25%, there are a lot of people who don't feel comfortable with the possibility of their payments increasing in as little as 1 month on many of the most common programs. The common wisdom is that Option ARMs are incredible products for savvy homeowners and investors, but may be too powerful for the average homeowner to handle. With all of the turbulence in interest rates and the mortgage sector in general this year, Adjustable rate mortgages may be too risky an option for most borrowers, and many are looking for ways to lower their payments and at the same time fix their rate to weather the storm. Since Fixed Rates usually mean higher payments, many homeowners are left wondering what the best thing is to do.

Introducing Hybrid ARMs

An innovative new category of loans has been recently introduced for homeowners who want the security of a Fixed Rate mortgage, with the flexibility and exceptionally low payments of an Option Arm. These home loans go by many names, including Hybrid Option & Fixed Option Arms, but they have one thing in common: A fixed payment for several years. Some of these mortgages have fixed interest rates, some of them have fixed minimum payments which don't go up, and some of them have both!

So what are the key benefits of Hybrid ARMs?

  • Fixed Minimum Payments for 1, 3, 5 or 7 years
  • Fixed Interest Rates for the Full Term on Many Programs
  • Minimum Payment is typically 55% lower than a Regular Loan
  • Increased Cash Flow, Decreased Risk Makes Housing Affordable & Secure
  • Interest Only Payment Option Continues Even After Recast
  • Greatly Reduces the Sticker Shock of a Fixed Mortgage
  • Greatly Reduces the Payment Shock of an Adjustable Mortgage
  • Controls Negative Amortization
  • Retains Flexibility of an Option ARM
Like an Option ARM, Your Payment Coupon Has 4 Options on it
  1. Minimum Payment
  2. Interest Only Payment
  3. 15 Year Fixed Amortized Payment
  4. 30 or 40 Year Amortized Payment
The 30 Year Fixed Cash Flow Loan
Improving on Hybrid Option loans may seem difficult, after all they appear to be the best of both worlds. But there are still those of us who want the security of a fixed rate for 30 years. For those among us (and I include myself in this group) who want to have their cake and eat it to, a powerful tool has been made available to us which takes the solidity of a 30 year fixed mortgage and adds the best feature of the Option ARM mortgage, Interest Only option and the Option to Defer Interest and make a minimum payment. This type of loan is not offered by most mortgage companies, probably because it is not as profitable as the more popular adjustable rate mortgages, but I for one cannot find a better or more innovative product on the market today. You'll understand why I was surprised to learn this type of mortgage has been around for a very long time, however it was only available to a select group of high net worth individuals. Now I know what I've been missing. Here are some highlights of these 30 Year Fixed Rate "Cash Flow" mortgages:
  • Fixed Rate for 30 Years
  • Interest Only Payment Options for up to 20 Years
  • Ability to Defer Interest like the Pros
  • Usually Stated or No Income Verification Requirements
Please stay tuned for more articles about this innovative class of mortgages. We can only hope that the few mortgage companies who offer them can continue to do so with all of the recent happenings in the mortgage industry.

Tristan Hunt is a seasoned financial professional with a wealth of experience in the mortgage business, advising clients on their biggest single investment at Refinance One, one of the nation's leading specialty mortgage companies.

Phone: (800)515-8443

Favorite Topics Include: Adjustable Rate Refinance,Fixed Rate Refinance & Fixed Rate Cash Flow Mortgages

Your Ticket To Financial Freedom

Written by Dian Herdiana on 3:46 AM

Now days it is nearly impossible today for the average family to thrive on a single income. However, the skyrocketing cost of child care makes it difficult for both parents to work. Fortunately, the internet has made making money online a suitable income option without the need for commuting or day care.

Making money online means much more than entering contests and sweepstakes; it is not uncommon to see a professional create a home business in computer programming, accounting, medical billing, and many other fields. Making money online has never been easier! All that is required is a computer, a reliable internet connection, and an idea.

Often times, the most challenging task involved in making money online is coming up with the perfect idea. We're not all computer programmers, web developers, or content writers. However, we all have some talent or skill that others will pay for. Making money online is as simple as figuring out what you do well and deciding how to leverage that talent into an opportunity.

For example, a friend of mine had little computer experience, but was interested in making money online. I suggested that she think about what she enjoyed doing and using that as the basis for her home business. She said that her greatest skill was the creation of unique homemade jewelry items. She hired another home business professional (a web designer) to build a website for her and she is now making money online selling her jewelry creations.

Making money online by starting a home business is not the daunting task that many budding entrepreneurs assume. If you carefully consider your skills and talents and figure out how to leverage those abilities on the internet, you'll be making money online in no time!

About the Author:

Vincent Murphy can help you to find the best home based business ideas andopportunities so you can work at home visit:

Read more articles by: Vincent Murphy

Article Source:

Homeowner Loans - The Types And Differences

Written by Dian Herdiana on 1:45 AM

Homeowner loans or mortgages come in two basic types. There are fixed rate homeowner loans and adjustable rate homeowner loans. These terms refer to the interest rate applied to the loan.

Both types of loans have pros and cons. Before a person decides on which type of homeowner loan to get they should understand each type so they can make the best decision for them.

Fixed rate loans have a locked in interest rate. When the loan is made, the current interest rate is used for the life of the loan. The biggest advantage to this type of loan is that the monthly payment amount will not change.

However, if the rate locked in at is rather high then in the long run the homeowner will pay a lot for the loan. Fortunately, there is the option of refinancing when interest rates fall. This does involve more paperwork and can include additionally costs. Some people may not prefer this option due to these factors.

Adjustable rate loans have an interest rate that changes as the interest rates change. With this type of loan the monthly payment will change. The homeowner will not ever know exactly how much they need to pay until the due date.

The good point about this type of loan is that they allow the homeowner to take advantage when rates drop right away. However, if rates suddenly rise the homeowner is stuck with them.

Some people prefer to start with an adjustable rate if the market has been steadily falling. Once they reach a comfortable rate they then switch to a fixed rate loan so they can lock in at the lowest rate possible. Some people go with a fixed rate loan and simply refinance whenever the rates fall drastically.

The choice between a fixed rate and adjustable rate homeowners loan is something that should be made carefully. Lenders have created homeowner loans that combine aspects of both types of loans to try to entice buyers. Mixes loans may start out as fixed and turn to adjustable or start out adjustable and turn to fixed.

They may offer a fixed rate at a discount for a few months and then lock in at the current rate after that initial time period. These types of mixed loans are really a sales tactic, but they can prove to be very helpful for a person who is unsure which type of homeowner loan to go for.

Homeowner loans can be very confusing, especially when it comes to interest rates. The whole idea is to choose the loan that will cost the least. However, with interest rates changing all the time it is often hard to figure out just what the best rate is.

One of your options is to find a good mortgage broker, ask your friends and family if they can recommend one to you. Using a mortgage broker will make your life a lot easier, saving you both time and money.

They will be able to look at your requirements and circumstances and go away and find a homeowner loan that best fits your criteria. They will charge you a fee, but in long run you will save money.

About the Author

James Copper writes on all areas of finance and investment. He works for Any Loans who help borrowers find the homeowner loans available to them.


7 Steps to Creating Wealth Now

Written by Dian Herdiana on 3:19 AM

Profits are like babies, easy to conceive but hard to deliver. However, once you learn how profits are attracted you can deliver them over and over again. You can even do this from the comfort of your own home.

What is it like to work from home earning huge profits? Well, it gets boring at times. You may be wondering, what do you mean it gets boring? You see the key to earning a six-figure income is to know how much you need to make each day. Once you know this you can set your daily goals.

For example, imagine you want to earn $100,000 in a year trading. There are approximately 250 trading days or work days in a year. In other words, you have 250 days in a year to work in which to earn $100,000. If you divide $100,000 by 250, you will see that you must earn $400 each day or $2,000 a week to make $100,000 a year. You can break this down to where you determine the amount for the month as well.

Once you have determined how much you need to make daily or weekly the next step is to look for investments that will get you to your goal in the quickest manner. As you look through your investments options, you are looking for what will be moving.

This is kind of like jumping on a train that is going your way and is going to get you where you want to be on time. You do not want to be on a train that is moving too slow and will make you late. The same is true when you are investing. You want something that is moving and will get you where you want to be, either on time or early if possible.

After you determine your investment(s), you must now take action. Call your broker and give him or her your instructions for the day or week, including when to take profits and what to do to minimize any losses, should they occur. This way you do not have to spend all day looking at a computer or watching your investment(s).

Did you notice that you set the amount of money you are willing to lose, if things did not go your way? This is essential to becoming a highly successful trader. No one wants to lose money so, if losses occur you want them to be as small as possible.

Also by knowing in advance the most you could lose, it helps make the experience more enjoyable. This is because you are not worrying how the investment(s) is doing. You know at the very least you will walk a way with a minimal loss. This is how fortunes are made because it takes the emotion out of investing.

The entire process takes less than 30 minutes a day. You then have the rest of the day to do as you please. This can get boring because most likely the people that you want to spend the rest of the day with are at work hustling for money and barely getting by.

They are at jobs where they are not appreciated and drastically under paid. If only they would take the same steps you did. They would soon realize that sometimes you get notified an hour or two later letting you know that your daily or even weekly profit objectives have already been reached.

I have summarized these strategies into seven tips I call, Dave Diamonds ™. They are as follows:

Dave Diamonds ™

1. Know your daily goals

2. Look for what is moving now

3. Determine your path

4. Take action

5. Limit your exposure or risk

6. Know when to take profits

7. Bring other people along for the ride

As you can see earning substantial profits does not have to be hard. You need a plan and someone to show you the way. To learn more about these and other tips visit and sign up for a FREE newsletter.

© Copyright David D. Wells. This Article and all contents are proprietary products. All rights reserved. You are welcome to forward the entire Newsletter to anyone interested as long as it is not edited in anyway and includes the Resource Box.

Often referred to as The Money Motivator, David D. Wells is passionate about helping people Crack the Wealth Code to become Money Magnets. Let him teach you the techniques used to help Hillary Clinton turn $1,000 into $100,000 in the course of a year.

Article Source:

Mortgages For Old Timers

Written by Dian Herdiana on 4:37 AM

London, London

With the whole pension fiasco many people are struggling when in their golden years. Releasing the equity from your home can be a good way to supplement your income in retirement. Make sure you use these ten points to avoid the pitfalls.

#1 Make Sure That Equity Release Is Right For You
If you are coming near to retirement or are retired and you are a homeowner you could be eligible for a cash lump sum in the form of an equity release plan. The amount you eligible for will depend on your age, property and the type of scheme.

Regardless of the equity release plan you choose, it will still affect the amount you are able to leave as inheritance. So you should make sure that you talk things through carefully with your family first.

#2 Get Financial Advice
It is always a good idea to talk to an independent financial advisor who will be able to access your current situation and what you want to achieve and find the most suitable solution.

Make sure you ask your financial advisor about the different equity release options available, the associated costs and whether any repayment charges are payable if you decide to end your plan early.

#3 Make Sure Your Provider Is A Member Of SHIP
Safe Home Income Plans (SHIP) is the organisation dedicated to the protection of equity release plan holders and the promotion of safe home income and equity release plans. All participating companies have pledged to observe the SHIP code of practice, which guarantees the safety of all their plans.

#4 Check Out A Lifetime Mortgage
Lifetime mortgages used to be called cash release plans or roll up mortgages. The amount you borrow is secured as a mortgage against your home and you do not have to pay anything back until you die, need to go into care or the loan is repaid from the sale of your home.

Interest builds up from the start of the loan until it is repaid. A no negative equity guarantee ensures the lender will always accept the value of your home as full repayment for the loan and your estate will not have anything to pay on top. This is something to talk to your financial advisor about.

#5 Consider A Home Income Scheme
A home income scheme is another type of product where the money from a lifetime mortgage is used to buy an insurance policy that provides a guaranteed income for the rest of your life.

#6 Look At A Reversion Scheme
This is where you sell all or part of the value of your home to a reversion company in return for either a cash lump sum or an income. The amount you receive will be less than the value of the proportion you have sold. You can live in your home for the rrest of your life, but you will not be the sole owner and in some cases may have to pay rent. When you die the property is sold and reversion company keeps its share of proceeds.

#7 Check Whether The Product You Have Chosen Is Regulated
The Financial Services Authority (FSA) currently regulate lifetime mortgages. If you see a product advertised as a lifetime mortgage, find out exactly what type of product it is. Regulation means advisors and lenders have to adhere to the FSAs strict code of conduct or face heavy penalties.

#8 Think About How House Prices Will Affect You
All SHIP members have a no negative equity guarantee on their lifetime mortgages. This means that if the price of your house falls you, or your estate, will not have to pay any extra to compensate.

With a lifetime mortgage, an increase in the value of your house can help to offset the interest on your loan. With a reversion scheme the company will take the agreed share of your property regardless of what happens to property prices.

#9 Check You Entitlement To Welfare Benefits
A large cash sum could affect your entitlement to state benefits. This will depend entirely upon your financial circumstances and it is an issue you should bring up with your financial advisor.

#10 Check How A Plan Will Affect Your Tax Liability
A large lump sum might also affect both your current and future tax situation, but not necessarily for the worse. If your children are looking at a large potential tax bill then releasing some equity in the house now might elevate this. But it is important that you speak to a specialist tax advisor about your personal circumstances.

James Copper is a mortgage broker with over 30 years experience. He works for as a secured loan advisor. In his spare time he writes on all things financial.

About Me

Hai! Odie is here to help YOU get in shape! Bookmark my blog now, and hoping you have a great knowledge from my blog!!

Want to subscribe?

Subscribe in a reader.