Fulfill Your Dream of Owning a Home With the Home Loan

Staying in own home is a dream of everyone. People see dreams of owning home at their own choice, but everybody doesn’t able to afford that. Nowadays in the country like India, money is not a barrier of the dream of owning a home. Because all the government and on-government banks in India offer Home loan. These loans are specially given to those people who wants to build-up their own home or purchase a home.
Indian banks offer home loan under different categories, these include:-
Home Purchase Loans – This kind of basic loans are being provided for purchasing a new home.
Home Construction Loan: Banks provides this kind of loan for construction of home.
Home Extension Loan: One can get the loan for expanding or extending his existing home.
Home Improvement Loans: People can avail these loans if they have the requirement for implementing repair works and renovations of their existing home.
Bridge Loans: This loan is the best loan for those people who wants to sell his existing home and wish to purchase a new home. Banks help people by giving this loan to finance the new home.
Balance Transfer Loans: This kind of loan is given to pay off an existing home loan and avail the option of a loan with a lower rate of interest..
Home Conversion Loan: Banks provide this kind of loan to those people who has already purchased home by taking home loan and then wants to move on to another home and for that he requires some extra money. Under this category of loan the existing loan is being transferred to the new home and the extra amount is to be included.
Land Purchase Loans: One can avail these loans for purchasing land. The bank will give the loan without checking whether the borrower taking the loan for construction his home or using it for some other purposes.
Refinance Loans: Those who have taken loans from their friends or relative to purchase their homes, this kind of loan helps them a lot to repay that debt amount to them.
Stamp Duty Loans: To purchase a property, stamp duty is essential. This kind of loan helps people to pay for the stamp duty.
In India, banks provide home loans against fixed and floating rate of interest. Under the fixed rate home loans the interest rate remains fixed for the whole period of the loan. By taking loan under this category the borrower will get the facility of getting a fixed interest rate. But in this case they have to pay a higher rate of interest. On the other hand, under the floating rate loans the rate of interest fluctuates accordingly. The borrower will get the facility of getting a low interest rate. But the interest rate can rise any time and the borrower has to pay a much higher interest rate than the fixed rate of these loans. The repayment of home loans are to be given through Equated Monthly Installment (EMI). The home loan EMI depends on the amount and the repayment period one takes.
In this age of technology, one can apply for the home loan Online. By applying online one gets relief from the lots of hassle like visiting to the lenders, seeking for the best home loan deal, do the huge formalities and fulfill the long paper works. By availing these loans online one just has to sit on a Internet enabled computer, make a search for the best home loan deal and after choosing one just has to fill a form, that’s it. By doing some simple procedures you dreams can come true.

CNBC Fast Money And The Halftime Report

CNBC Fast Money is a financial talk show in the US mainly discussing stock trading. Since 2007, it is aired every night at 5 pm or an hour after the conclusion of the NYSE. But in 2011, this financial investing TV program was moved to Mondays to Thursday to give way to special programs and forex trading on Fridays. The show is taped in NASDAQ headquarters in New York. After Dylan Ratigan, who is now the host of Fast Money?
Vibrant and dynamic, the panel referred to as the Fast Money Five and host Melisa Lee offers an interactive stock trading talk show. When the trade is closed, Melissa and the Fast five provides input about the significant financial trends and how viewers can gain profit. How can you gain fast cash with this program?
Often visited by experienced traders and panelists, CNBC Fast Money offers valuable insights for viewers who are interested in stock trading and individual or corporate investors searching for crucial information. With interesting segments and program features that provides marker for the most significant pops, drops and notable players in the stock market, this program is directed to the financial world and catered to help traders in the succeeding days. What about the program’s ratings?
The first 13 episodes of CNBC Fast Money in 2006 at Wednesdays 8 pm were very low at estimated 110,000 viewers a week. The program was moved to a new timeslot at 5 pm resulting to its better reception and higher ratings. Viewership has doubled within a few weeks. Then after this 5 pm test, the network re-launched the program back at 8 pm hoping it might have gained footing after the amplified viewership. It failed. Ratings plummeted again. Fortunately CNBC retried the program at 5 pm and had gained its intended viewership for good. What about the Halftime Report?
CNBC Fast Money Halftime Report has similar format but airs after noon. This show debuted in 2010 and was initiated from the segment on CNBC power Lunch. This special edition is hosted by Scott Wagner and airs live from Global HQ in New Jersey. Initially aired as a 30-minute talk show, the halftime Report became a one-hour TV program in 2011 and moved up to the noontime programming. This is the replacement of the cancelled show “The Strategy Session,” which suffered from very low ratings. Individual and corporate traders and investors can watch this show to monitor current trends in the stock trade and get the latest insights from the experts.

7 Tips to Help Save Interest on Your Home Loan

Here are 7 tips on to save on interest by paying your home loan faster.
Owning a home is one of the most common aspirations among people from all walks of life. No matter what his status in life is, every person will give anything just to be able to build a home for his family.
There are people who have been blessed with a fortune so they can easily build not one but even two or more homes for their families. Some people who have made it their life aspiration to own their own homes manage to fulfill their dreams by availing of a home loan.
Owning a home through a loan is not an easy task because first of all, the person has to have a good credit history. He has to find a suitable mortgage provider that can give him the amount he needs to buy or build his home. Not only that; he also has to choose the best home mortgage he can get to maximize his financial resources.
Before finalizing his application for a home loan, any borrower should evaluate his capacity to pay off his loan for a specific period. Loan providers prefer to give long term loans because this is how they make money. Every borrower should choose a pay-off period that is advantageous to him.
There are advantages and disadvantages to getting a long term home loan. A long term long can be beneficial to the borrower because he can negotiate minimal monthly payments for his home loan. This would be advantageous for him especially if he can negotiate a home loan with a fixed or locked interest. However, this can also be disadvantageous for him if the interest rates go down.
On the other hand, a long term loan can be disadvantageous for the borrower if the interest rate is not fixed and sudden economic factors cause a notable increase in interest rates. Getting a long term home loan can also be more expensive because while the repayment term is long, the total amount mortgaged can be twice or even thrice the principal amount loaned depending on the terms of the lender.
In general, paying off a home loan the soonest possible time would be more beneficial to the borrower. For one, he is assured that he owns his home without worrying about the property being forfeited and in effect losing all his investment.
1. Read and review the terms of the home loan agreement, Check all the
Financial and pay off terms to make sure the loan is not totally onerous for the borrower. Calculate the total amortizations you have to pay and choose a term that you can easily pay off in a monthly or quarterly period.
2. Always make the home loan amortization a priority when it comes to budgeting. When the family income comes in, the borrower should always deduct that amount needed to pay off the home loan amortization to make sure it is not spent on other expenses.
3. Ask the loan provider if a rebate is given for early or on time payments. Some lenders give a rebate every time the amortization is paid on or before the cut off date. The savings you will get from paying early can be given to the lender as an advance home payment. The amount may be meager but it will add up and will later lessen the paying period.
4. Allot a percentage or better yet, apply all the bonuses and other financial gains to the home loan payment. This will be considered as an advanced payment and will get you a breather in case there is an emergency and the money for the home loan is used for a more important expense like health emergencies.
5. Always be vigilant abut how the interest rates go up and down. When the interest rates fall down substantially, refinancing the home loan may just be the best option. However, make sure that the refinancing scheme will lessen the financial burden on your part.
6. Encourage family members to take on extra work or projects to add to the family income. The benefits of owning a home will redound to the whole family so it is important to make the members aware that pitching in home loan payment will always work for the benefit of the whole family. Each member who gets and extra income can allot a portion of that income to paying off the home loan. No matter how meager that extra income may be, it will add up and will help in paying off the home loan the soonest possible time.
7. Save, save and save. Owning a home is a project that requires the head of the family and even the family members to save and scrimp to pay off the loan fast. The family can help by saving on energy consumption or other household expenses. The savings from other household expenses can be used to add to the home loan payment.
For average income earners, only a home loan can make the dream of owning a home a reality. No matter how meager the monthly income is, there is always a chance of owning a home. However, the family should find ways to pay off the home loan fast so they can finally and totally own their home.

Internet Banking: Relevance in a Changing World

Surprising, but true – Internet-based activity is not the preserve of the young “digital native” generation alone. A 2008 survey says that Generation X (those born between 1965 and 1976) uses Internet banking significantly more than any other demographic segment, with two thirds of Internet users in this age group banking online.
Gen X users have also professed their preference for applications such as Facebook, to share, connect and be part of a larger community.
This is some irony in this, since online banking, as we know it today, offers minimal interactivity. Unlike in a branch, where the comfort of two way interaction facilitates the consummation of a variety of transactions, the one way street of e-banking has only managed to enable the more routine tasks, such as balance inquiry or funds transfer.
It’s not hard to put two and two together. A clear opportunity exists for banks that can transform today’s passive Internet banking offering into one that provides a more widespread and interactive customer experience.
It is therefore imperative that banks transform their online offering, such that it matches the new expectations of customers. Moreover, Internet banking must journey to popular online customer hangouts, rather than wait for customers to come to it.
There are clear indications that the shift towards a “next generation” online banking environment has already been set in motion. It is only a matter of time before these trends become the norm.
Leveraging of Social Networks
Forward thinking banks are leveraging existing social networks on external sites to increase their visibility among interested groups. They are also deploying social software technology on their own sites to engage the same communities in two way discussions. Thus, their Internet banking has assumed a more pervasive persona – customers are engaging with the bank, along with its products and services even when they’re not actually transacting online.
Heightened visibility apart, banks can gain tremendous customer insight from such unstructured, informal interactions. For example, a discussion on the uncertain financial future among a group of 18 to 25 years old could be a signal to banks to offer long term investment products to a segment that was previously not considered a target. Going one step further, a positive buzz around a newly launched service can create valuable word-of-mouth advertising for the business.
Collaborating through Web 2.0
The collaborative aspect of Web 2.0 applications has enabled banks to draw customers inside their fold more than ever before. Traditional methods such as focus group discussions or market research suffer from the disadvantages of high cost, limited scope and potential to introduce bias. Feedback forms merely serve as a post-mortem. In contrast, Web 2.0 has the ability to carry a vast audience along right from the start, and continue to do so perpetually. Thus, an interested community of prospects and customers participate in co-creating products and services which can fulfill their expectations.
The pervasiveness of Web 2.0 enables delivery of e-banking across multiple online locations and web-based gadgets such as Yahoo!Widgets, Windows Live or the iPhone. This means next generation online banking customers will enjoy heightened access and convenience
A New York based firm of analysts found that 15% of the 70 banks tracked by them had adopted Web 2.0, a number of them having done so within the last 12 months.
Standard Chartered Bank employees connect with their colleagues through Facebook and use the platform to share knowledge, clarify questions and participate in discussions on ongoing company activities.
Bank of America, Wachovia Bank and Commonwealth Credit Union have built a presence within interactive media to create awareness and keep up a dialogue with interested communities. They have employed a variety of methods, ranging from creating YouTube communities to launching campaigns on Current TV, a channel in which viewers determine content.
Personalization of Online Banking
Vanilla e-banking divides customers into very large, heterogeneous groups – typically, corporate, retail or SME, with one type of Internet banking page for each. That’s in sharp contradiction to how banking organizations would like to view their clientele. Banks are moving towards customer-specificity, almost viewing each client as a “segment of one”, across other channels, and online banking is set to follow suit. For instance, a specific home page for home loan customers and another for private banking clients could well be a possibility in future.
Interestingly, National Bank of Kuwait had the foresight to do this several years ago – they enabled customers to determine which products they would view and access, and were rewarded with a dramatic increase in online transactions.
Money Monitor from Yes Bank allows customers to choose their landing page – for example, they can set “all transactions”, “net worth” or “portfolio” as their default view. Other features include the ability to categories transactions as per customers’ convenience and the printing of custom reports.
Empowerment Online
Beyond doubt, Internet banking has created a more informed, empowered class of customers. This is set to climb to the next level once customers are allowed to proactively participate in many more transaction-related processes. The Internet has already made it possible for customers to compare product loan offerings, simulate financial scenarios and design custom retirement portfolios. Going forward, they would be able to consummate related transactions – which means, after comparing interest rates, they could originate a loan online, and once secured, they can begin to repay it online as well.
Portalization
The emergence of Web 2.0 technology coupled with banks’ desire to personalize their e-banking to the highest degree is likely to result in “portalization” of Internet banking. The idea of banking customers being able to create their own spaces online, filled with all that is relevant to them, is not that far-fetched. Customers can personalize their Internet banking page to reflect the positions of multiple accounts across different banks; they could include their credit card information, subscribe to their favorite financial news, consolidate their physical assets position, share their experiences with a group and do more – all from one “place”.
Money Monitor enables customers to add multiple “accounts” (from a choice of 9,000) to their page. Accounts could be savings or loan accounts with major Indian banks, or those with utilities providers, credit card companies, brokerage firms and even frequent flyer programs. Users can customize their pages as described earlier.
As banks seek to develop their Internet banking vision for the future, in parallel, they will also need to address the key issues of security and “due defense”. While it is every marketer’s dream to have customers work as ambassadors, adequate precaution must be taken to prevent the proliferation of malicious or spurious publicity. Therefore, before an individual is allowed to participate in a networking forum, he or she must have built up a favorable track record with the bank. The individual must be a recognized customer of the bank, having used a minimum number of products over a reasonable length of time. Qualitative information about the person’s interaction with the bank’s support staff (for example frequency and type of calls made to their call center, outcome of such interaction and so on) may be invaluable in profiling the “right” type of customer who can be recruited as a possible advocate.
Collaborative Web 2.0 applications may necessitate opening up banks’ websites to outside technology and information exchange with third party sites, raising the spectre of data and infrastructure security. A robust mechanism of checks and balances must be built to ensure that the third party sites are secure, appropriately certified and pose no threat to the home banks’ sites. Likewise, before a third party widget is allowed to be brought on to a site, it must have passed through stringent security control.
Due diligence must be exercised before permitting users to place a link to another site to guard against the possibility of inadvertent download of malicious software, which could, in the worst case, even result in phishing originating from the banks’ sites.
It is equally important for a bank to guard its customers against invasion of privacy, data theft or misuse. The concept of portalization envisages deploying technology to bring information from other banks’ or financial service providers’ websites into the home bank’s site. The home bank must ensure that its customers’ personal or transaction related information, which may be shared with the other providers, is not susceptible to leakage or outright misuse.
Banks will do well to partner with an Internet banking solution provider which has not only the expertise to translate their vision into a cutting edge e-banking experience for the user, but also the foresight to define boundaries for safety. With security concerns adequately addressed, next generation Internet banking is full of exciting possibilities. Banks that seize the opportunity may find that Internet banking can become a means of differentiating themselves from competitors, rather than a mere cost cutting tool. Clearly, providing a more powerful and interactive e-banking experience, is the way forward.

Read This If You Need Fast Money The Legal Way

If you need fast money, you must first check your resources. If you need money fast and need money now, you must first check yourself to see what you and are not willing to do. Thanks to the internet, if you need fast money, and legally, the means are ever available to you.
There are numerous ways to earn if you need fast money. One of the fastest and easiest ways to make money fast is to sell a gig on any of these popular gig sites, such as Fourerr, Fiverr, and Uphype, etc. I posted one gig and made my first sale less than two hours later, literally.
Now I do not want to come off as some salesman or turn this into some spammy brochure, nor do I want to seem like some sort of schemer, but one of the best ways to earn if you need fast money is utilize social networks such as Facebook and Twitter. The thing with these social networks is that they are familiar to everyone, and everyone who is friends has some sort of credibility with each other. If you lightly promote some sort of product, program or system to your friends on these social networks, especially those who you know need money fast and need money now like you do, you will make money fast. As it has been said though, it is not what you do it is all in how you do it.
If you need fast money, the best way to go is online. Your first step is to pick a niche. Find out what your friends are looking for. Find out who needs what. If you choose to go the gig route, you can almost create your own market for whatever you are selling. However, when dealing with the social networks, just ask. You will find that there is an existing market already at your reach that you can quickly bank from.
To be honest with you, the making money niche is a great niche to profit from, but the internet is saturated with these kinds of offers and programs. So your chance of getting enough traffic from Google to any affiliation you make with any of these offers, without knowing how exactly, will not turn you a profit fast. However, you know your own circle. You know how to speak to them. You know how to press their buttons. So do it!
If you need money fast, sift through the resources that are available to you now, and go for it. Find an offer or system that is appealing, and simply suggest them to your friend list. Them knowing you personally alone will give you a jump start in getting them to come out of their own pockets for you. The key is to not try to sell them anything, just ask them to simply check it out, and let the product or system do the rest for you. If they ask you about your own results, embellish a little. Do not blatantly lie, but stretch your truth some. You make up for this when you help them out or direct them to where their questions will be answered, and you stay in a good light.
If you need fast money and look hard enough, you will usually find that you have exactly what you need already to make that money you need now. It is a classic situation. You steadily search outward for something that you had all along. Look at what is in front of you right now!

What Next in the World of Tax Preparers Oversight?

The last three weeks have been rather eventful in the world of tax preparers oversight!
It all started last March when three tax preparers filed a law-suit against the IRS, seeking to end the testing requirements that would require tax return preparers to demonstrate competency, and to maintain proficiency by taking 15 hours of continuing education courses, in order to continue preparing and file tax returns for their clients.
A couple weeks ago came the news that U.S. District Court Judge James E. Boasberg of the DC District Court had ruled in favor of the plaintiffs, declaring that contrary to the IRS’ assertions, the agency does not have statutory powers to regulate individual tax preparers. The Judge enjoined the IRS from continuing to administer tests to certify the competence of tax return preparers.
Last week it was announced that the IRS, working in conjunction with the Justice Department, had moved to lift the initial injunction, while it prepared an appeal to be filed within the next 30 days.
The lead attorney for the tax preparers who filed the suit against the IRS was confident after the initial decision emitted by Judge Boasberg was definitive and unequivocal in its intent to halt the IRS regulation requiring individual tax preparers to take a competency test, and expressed confidence that the Judge would not go back on that decision.
However, on February 1, the Judge responded to the motion from the IRS, in conjunction with Department of Justice and modified his earlier decision. At least for the time being, the IRS does not have to shut down the tax return preparers registration program but, on the other hand, under the modified decision the Judge made it non-mandatory for tax preparers to take the competency test and pay the required testing fees to the IRS. Under the Judge’s modified ruling, preparers may take the test on a voluntary basis and are not required to pay the test fees. However, tax preparers are still required to apply for and obtain a registration number, or PIN, from the IRS, in order to qualify to file tax returns.
Under the new ruling, the IRS does not have to dismantle the costly and complex program it already put in place at a cost of millions of dollars, as such steps would have proven unnecessary should the present court decision be reversed on appeal.
The IRS has indicated that it will appeal the US District Court’s ruling that the agency does not have the power to license the hundreds of thousands of tax preparers who work on individual tax return preparation, and alludes to the fact that immediate discontinuing of the tax preparer oversight program would substantially disrupt tax administration. Already, there has been a delay on the date to begin filing individual returns, which was moved to January 30. Some returns will not start being processed until later.
In light of the events that have transpired in the last few weeks, one thing is certain. The IRS will appeal the Court’s decision to suspend the RTRP competency testing and the plaintiffs who filed the initial lawsuit will probably continue to try to derail the IRS’ intentions to regulate the tax preparation industry.
But judging by opinions aired in blogs by tax practitioners who have already studied for and passed the RTRP test, the oversight program is necessary to curb potential fraud and malpractice, reduce the gross errors in tax returns that end up working to the disadvantage of the taxpayer, but above all, point to having the RTRP certification as a symbol of professional pride and demonstrated competency, which will work to the advantage of the tax professional by raising taxpayers’ trust and confidence in the work of their tax preparer..

The Right Cheap Loans For You

If you are looking for a loan, you know that one of the worst things that could happen would be if you were forced to pay more money for the loan than you wanted to pay. When this happens you are going to find out that you have trouble, so you have to be sure to do everything that you can do to make sure that you are finding cheap loans that are going to fit with your needs and be the loans that you want to have.
There are many ways to find cheap loans. First of all you have to have all of the information with you at all times. Be sure that you have planned out what you want the loan for, that you know what you are going to use the money for and what that is going to mean for you. This is very important because people who are going to get you cheap loans are going to want to know what the money is to be used for. Then, you also have to tell them how you are going to make the money to pay back your cheap loans. This is also important because the bank has to be sure that you are going to be paying them back and that they aren’t going to be losing money.
There are some things that you have to be careful of when you are looking for cheap loans. First of all you have to be very sure that you are able to pay them back, and you also have to watch carefully when they are explaining them to you. One of the dangers is that you will be offered cheap loans that don’t’ have a fixed interest rate, which means that they are going to be very cheap to you right now, but as time goes on they could get very expensive and this could happen without any warning. If this happens you are going to be in trouble, so you should do whatever you can to make sure that this doesn’t happen.
If you are paying close attention and if you are asking the right questions when it comes to your cheap loans, you should be able to handle them with no problem. You are going to want to make sure that you have all of the information that you need when it comes to your cheap loans, because you are going to need to make a good decision. It is a decision you are going to need to be able to live with. This is very important because cheap loans are not going to be easy loans to get. You are going to have to work hard, and you are going to have to make sure you are dealing with the best. If your credit is less than perfect, you may have to work even harder. However, in the end, with a long term loan, you will be glad you worked for great rates and terms.

Cheap Loans- Secured Loans Cost You Far Lesser Than Unsecured Loans

If one surveys the UK loan market, there are as many diversified loan products available as there are lending institutions. There is no dearth of good loan deals, only of good judgement. It is normally observed that first time borrowers fall prey to the trap of lenders, who despite the good credit record of the borrower let them agree for a loan at a high APR. This is mostly in the case of unsecured loans. Though, on the surface level, unsecured deals may seem tempting. But, once you go in to the depth, you find that the borrower is many times at a great loss by choosing an unsecured personal loan over a secured one.
Secured loans are cheap loans when one takes the APR charged and other charges like agreement fees, brokerage charges, and early redemption penalties into account. Since there is low risk involved in the loan deal for the lender, he offers low APRs on secured loans. The loan deal is secured by assets like home offered by the debtor. It’s the simple rule of thumb, lower the risk for the lender – lower the cost of loan for the borrower. With increasing debts and defaults on them, the rate of interest charged on unsecured loans by the lenders has increased considerably. Banks have become stringent in their credit policies as well regarding unsecured debts.
So, whenever there is choice between secured and unsecured loans, compare loans extensively. Secured loans may fetch you the following advantages that an unsecured might not.

  • Easier to obtain- You don’t really have to “hunt” for lenders in case of secured loans. Owning a home in UK and willingness to pledge it as collateral is in itself a big enough invitation for varied loan quotes from lenders. The creditors may offer you cheap loans if you are a homeowner. So, procuring a secured personal loan is not such a daunting task as availing an unsecured loan.
  • Hefty amounts can be procured- You can raise huge funds from the equity available in your home. In case of unsecured loans, on the other hand, the loan amount approved is generally small. For major financial requirements, like buying another house, property, starting a new business, going for further studies, etc, secured loan is a viable solution.
  • Long loan tenure- It is always better to repay the hefty amounts in small installments over a prolonged period. Secured loans allow this freedom to the borrower. This makes the installments easy to pay for the borrower. This feature is not there is the case of unsecured personal loans. So, compare loans on this parameter as well.
  • So, before availing any loan, compare loans to get cheap loans. After all, by availing a loan, you are incurring debts that have to be paid back. And, the more the flexibility of loan conditions, the more ease you’ll find in making regular installments.

Get the Money You Need to Invest Through soft Money Lenders

Investing in commercial real estate, like any investment, is an assessment of risks and potential rewards. Like any commercial venture, there are always risks, and there are tools in place to help you reach those rewards, often for incremental increases in risk.
One of the easiest tools to use (and misuse) in commercial real estate development is debt and credit. We’re going to characterize the money you get from lending as “soft money”, money you pay to have access to, as opposed to hard money, where you’re taking an outside investor on to your property.
Fundamentally, paying interest in money is paying someone else for the privilege of using their funds to make your projects work out. Interest rates are driven by the Prime Lending Rate, which you’ve no doubt heard news stories about. The prime lending rate is the rate that banks charge other banks for loans, and is generally set by the Federal Reserve. All other interest rates made in a given quarter have their rate set as the prime late plus a small addition to the rate (or, in some cases, a large addition.)
To determine what sort of money you’re going to want, understand that the banks are in the business of lending money – and getting paid back with interest for it. They want to minimize risks, and they’ll run a credit check on you, and on your business. Most people who have the financial means to make the down payment on a property have cleared up their credit problems ahead of time, but be aware that a personal or business bankruptcy in the last few years can get you denied for a loan or make you pay for an exorbitant amount.
Soft money has interest charged on it; the interest rate is the percentage of the initial money borrowed that has to be paid (in profit) to the lendor each year. Thus, if you borrow 100,000 dollars at 8% interest and pay it off in one year, you’ll have paid $108,000 for the property. Those interest rates are cumulative over time; there’s a rule of thumb used in the financial market for compound (cumulative) interest rates called the Rule of 72: Divide 72 by the number of points of interest your money is making, and that’s the number of years it will take for the cumulative interest to equal the amount of the initial loan. Using our earlier $100,000 investment, at 8% APY, 72 divided by 8 is nine, which means that paying that loan back over 9 years means you’ll have paid out $200,000 for the property. Always factor your interest rates into your cost calculations on return on investment, and monthly cash flow calculations.
Now, the good news is that some interest, especially when applied to residential properties, is tax deductible for your business, but still, you’ll need to assess several things with your property before getting the initial loan.
The first one – what’s the largest down payment you can afford, without hurting your own cash position? Larger down payments result in saving money in the long run, but can be an important cash flow hit early in the history of the investment. Larger down payments will usually (but not always) translate into lower monthly costs on the property (the primary exceptions are when you’re buying a residential property with high tenancy rates – these command high initial down payments because of their favorable capitalization rates and revenue potential, but still have the attendant costs of running a residential property.)
Second, how quickly do you intend to sell this property? The longer you intend to hold on to the property, the better a long term loan will look. This is because banks charge lower interest rates for longer period loans, due to the rule of 72 mentioned above. If you want to buy, renovate and turn, you’re going to want to get a shorter term loan, because it’s harder to sell a property with attached debts and second mortgages. In particular, any property that needs substantial improvement may need to have its interest rate needs assesses carefully – it’s not difficult at all to take a commercial property and turn it into a money pit that consumes all your profits.
For sources for your loan, the obvious place to look is a bank, preferably one with a strong business lending history. Understand that due to the regulations put on the Savings and Loan industry in the 1980s, it’s very hard for small businesses to get a substantial sum of money; there are regulations that keep them from lending to new businesses to prevent a future bailout. Another source for your loan can be a credit union or building society; these are tools that allow multiple investors to pool resources to build businesses – this is one reason why credit unions require all customers be called members, and why they require a $5 deposit.
Not so obvious places for your loan: If you’re coming out of the military, you’re entitled to a Veterans Administration loan, generally at very favorable rates, and bypassing a large number of credit checks for loans of $150,000 or less. While the intent of this loan program is to let veterans buy their first homes after mustering out, these loans are excellent tools for new investors to buy, renovate and turn properties over for a quick profit.
Similarly, Small Business Investment Relations (or SBIR) loans can often be had from local chambers of commerce, if you can provide a solid business plan for how you’re going to make a profit and pay the loan back. Housing and Urban Development loans can also be had for investors who intend to hold on to a property for low income housing, though this tends to be best as for a “buy and hold” strategy.

How to Make Fast Money

Do you want to make fast money? Are you interested to make money working from home? This page would help you out to make money fast and easy through the strategies this article will provide to you. Trust me, many people have proven themselves because they began learning how to make money fast and had to step up doing it.
First and foremost, you should have the interest to write articles of different topics and categories. The web has lots of information related to articles, essays, eBooks and reports. You could use that as reference in writing web content articles.
There are thousands of websites for writers that can provide you to make cash online. By writing for several hours a day, you could easily make money on internet. In other words, writing online is one of the make money ideas available you could do at home. Learn how to earn money by writing as many articles as you can. Wait for several months and you could make lots of money fast.
Go to popular blog sites and sign up. Don’t worry because registering accounts and submitting articles are free. However, if you want to make money quick, it’s better to create your own websites. It is the fast way to make money because there are more easy things you could do to monetize your sites.
When one of your websites is ranked number 1 on major search engines like Google, you can make extra cash through that. Achieving that is very easy. You only need to have a large number of traffic.
Another idea you could add if you have websites is the use of Google AdSense. This is an ad program that helps you make fast money. Let the AdSense make money while you are away from the computer, sleeping, having a break or a long vacation. AdSense works when the Google ads on your web pages are clicked. To have the assurance, let someone click on the ads of you sites and make money.
Writing doesn’t end there. You need to distribute your articles to blog directory sites. It’s another strategy you could easily do on how to make lots of money fast. Build backlinks through keywords which would link to your main sites and redirect viewers to your main websites. Isn’t that very simple? Yes, it is very simple and it will help you make fast money online.
Next, you could also do some affiliation with online businessmen. With the use of promoting or selling products, you can make money on the internet. You could also sell your own products if you want. Try selling some items on eBay and you will earn money. This money making idea also applies when you have your own websites. You get money from the number of traffic plus the amount of items sold. It could be a good way to make fast money or quick money. If you don’t have any items, you could just simply become an affiliate to others who sell products and services. It is still a chance to make money easy because you get about 75% commission of sale.
Affiliate marketing is an avenue you could do to make fast money. As the internet continues to become the fastest and quickest source of great ideas to make cash online, then you should start making money fast by doing this strategy.
One of the easiest tasks to get rich is through PPC. PPC is Pay-per-click which lets you click ads on the web and make fast easy money. It is a very easy job everyone can do to make money at home.
There are some people who will hire people to do some PPC task because this will help their websites bloom. For the people who click ads, it’s another way of making money fast for them. Like I’ve said, it’s one of easiest way you could learn on how to make money online. Yes, you will be really making money out of this.
Free online surveys are another easy way to make fast money. By answering few questions, you could make fast money. You could enjoy doing this to earn money because you are only going to give your own opinion and ideas.
Easy money is definitely a goal by everybody. If you have that dream, make sure to do the money making strategies this page have provided for you. Those are great ideas to make big money fast. Be flexible and have the determination if you are really interested to make fast money. Who knows, you might just be doing extra money later on.
Those are the quickest and easiest ways to apply on how to make money and how to make cash fast. If you start right away, you could not surely stop doing. Instead, you make money online every day. If you want to make money now, start doing it. Remember to make extra money, too, because extra tasks are the secret on how to gain money fast. Don’t wait and make fast money now!