Future Finance Solutions

Why An IRA May Be The Perfect Investment Vehicle

April 5, 2009 by · Leave a Comment 

Individual Retirement Accounts, known as IRA’s, are basically a savings plan for retirement. Created by the government in 1981, the IRA was designed to help individuals save money and provide them with an incentive to put  money aside for their retirement. When the IRA was released, it offered tax advantages to those who chose to participate in this new style of investment vehicle. During the years since its inception, the IRA has gone through a number of changes that have impacted its inherent tax advantages and the eligibility of those who would participate. This article offers a brief overview of how today’s IRA’s work and why they may still be the perfect investment vehicle for your retirement.

Benefits Of An IRAThe primary benefit of an IRA is the tax advantage it offers. Money that is contributed to an IRA is allowed to grow while enjoying a tax-deferred status. That is, the taxes on any capital gains made from the  investments within the IRA are deferred until the IRA is distributed. As a result, the IRA account is allowed to grow at a faster pace than would otherwise be possible if the capital gains were taxed each year.

The effect of compound interest in a tax-deferred investment can be dramatic.A secondary benefit of an IRA is that the money that is contributed to the IRA is often tax deductible from your taxable income for the year during which the contribution is made. So, even though you earned the money as income during the year of contribution and the money is still working for you as an investment asset, you may not have to pay taxes on the portion of your income that you contributed.Is It Too Early To Invest In An IRA?Typically, younger people have the most benefit to gain from setting money aside in an IRA. The younger a person is, the more significant the effects of compound interest on a tax-deferred investment. That is, a person contributing to an IRA each year from age 21 is likely to see more dramatic impact from compound interest on tax-deferred capital gains than a person starting at age 50. However, the tax-deferred status of the capital gains in an IRA make investing in an IRA worthwhile regardless of age.How Can Your IRA Be Invested?While some think that IRA’s can only invest in CDs, bonds and other conservative investments, this is actually not the case. Assuming that your tolerance for risk is high enough, you can invest in stocks and mutual funds within your IRA if you wish.

In fact, the effect of compounding on tax-deferred capital gains can be far more dramatic when an IRA is invested in stocks and other securities-based investments. So, there is no need to avoid participating in an IRA if you would like to take advantage of growth-oriented investments. You can easily do so within your IRA.Though people are often intimidated by IRA accounts because they perceive them as complicated, IRA’s are actually simple. They are a great way to save money for retirement and they offer special tax advantages that are not otherwise available to you. Further, you can invest in most growth-oriented, securities-based investment vehicles within your IRA. Remember, the earlier you begin investing in an IRA, the greater impact the compounding effect will have on your tax-deferred capital gains.

Fixed vs Variable Home Loans, What’s the Difference?

April 5, 2009 by · Leave a Comment 

One of the main differences between home loan types is whether they are a fixed or variable rate loan. A fixed rate home loan is one in which the interest is fixed to a specific rate. This is an excellent choice for those times when interest rates seem to spiral out of control. On the other hand, it’s not so good if they plummet and you can’t take advantage of it.

A variable home loan is one in which the interest rate is not fixed, but paid on the rate of the day – high or low. As you can tell, it too, has its good side and bad side. When the interest rates fall, you get the advantage, but when they rise it’s not so good. To survive, you may have to budget strictly.

Many home loans offer split rate flexibility. That is, the interest rate is fixed for a certain number of years, and then it can be either made variable or fixed again, depending on the interest rate climate. This offers a measure of security, yet you still could miss out if interest rates plummet just after you’ve fixed yours to stay put. It’s a risk that you’ll have to take.

California Mortgage: Assistance In Times Of Need

April 5, 2009 by · Leave a Comment 

Article Written by : Financial Resources 101
A home or a property (like land, estates etc) when kept as a security for taking money on loan or payment of arrears the process is said to be mortgage.

Today mortgages are common in the real estates and home owning procedures. There are various legal entities in mortgages. Mainly people like to purchase houses and properties and the money is aided by mortgages. It is much more beneficial to people when they are purchasing areas, homes, and lands when they do not have sufficient money. On making a part payment they can purchase the required property as the rest is subsidized by mortgages.

California mortgage

There are various types of mortgages for different states and countries with their respective conditions. The California mortgage is only applicable for the inhabitants of California. The conditions for California mortgage are devised in such a way so that the business organizations as well as individuals can go for mortgages in order to repay debts or to obtain loans.

It has made suitable arrangements for procuring mortgage loan. These loans come in great use by the consumers and other business clients to make purchases. They can be debt consolidation loans as well as home equity loans. The California mortgage loan needs insurance in case of occurrence of foods, tornadoes or other natural calamities. This is the chief feature of the California mortgage and also the main point of difference with any other state mortgages.

It is an apposite suggestion for those who want to apply for the mortgages of California is to go to a registered bank. This saves the clients from facing a large number of liabilities. Moreover the loans are available from the private lenders and also the bank at attractive rates. Special assistance services are also available for the first-time and also the regular customers.

There are some mortgage providers who offer loans and other services based upon the specific requirements of the clients. This is done to avoid unnecessary problems. You can search for the other mortgage providers and lenders also.

Washington Mortgage in comparison with the two State mortgages revealed above seems to be more beneficial and less unwieldy. It is only available to the residents of Washington as also to the other people migrating here to stay ceaselessly. Mortgage loans can be easily acquired by production of necessary documents and other evidences.

Home equity loans, debt consolidation loans for buying homes or mortgages are available on production of income tax returns, residential proofs. The local banks and other reputed lenders are there to assist in times of need.

Debtips is a resourceful channel to make you finance literate and helps you in managing your personal finances. A Mortgage is a method of using property as security for the payment of a debt. Most mortgage lenders offer a variety of formats. Check out the California Mortgage Loan options.

Florida Mortgage Loan For Total Mortgage Solutions

April 5, 2009 by · Leave a Comment 

Article Written by : Avoid Debts
Mortgage schemes are actually financial loans offered to interested individuals. Real estate property must be put on stake to obtain mortgage. Such loans are paid back in regular monthly installments.

Florida mortgage loan is ideal for people in and around the area. There are various mortgage options to suit every purse. Most people have dreams of purchasing their own houses. But they are unable to fulfill them as and when they wish because of fund shortage. Mortgage loans are indeed a boon in such situations. With the wide variety of schemes with benefits by various organizations, finding a suitable mortgage plan is a simpler task today. Our elders stayed away from mortgage as long as they could for fear of risks. These days, the scenario has changed drastically. Youngsters who earn lump sums of money are interested in such schemes to buy their own home and settle down at the earliest.

Florida mortgage loan states that the property that the client purchases represents the collateral for the loan borrowed. Florida mortgages have several well defined steps to make the deals. Firstly, the borrower is expected to apply for the loan he chooses. This requires a great deal of homework. Clients must do some background research and get knowledgeable about the market situations. They must be at least vaguely aware of the market worth of their property before offering it as security. There are several websites such as the California mortgage pages which guide first time borrowers regarding the procedures and any risks involved. There is a simple application procedure where the homebuyers may fill in a form and submit their expectations. This is definitely not obligatory and it is free of cost. This is done to attract potential loan applicants. The criteria to apply are equivalent to other forms of loans. The mortgage agents may schedule a meeting with prospective borrowers. They evaluate the borrower’s property in terms of location, opportunity and market estimate.

Of course, people applying for mortgage the very first time may have several apprehensions regarding the risks. After all, a huge amount of money is at stake. But the risks are same for all, whether it is a fresh client or a seasoned borrower. Getting the best Florida mortgage loan plan is made easy if the borrower does extensive research before embarking on the loan procedure. There are useful grants and lower payment facilities offered to fresh borrowers. If the borrower is capable of making a substantial down payment, he is usually granted the loan if all other prerequisites are satisfied. So prepare well and grab a good scheme.

Debtips is a resourceful channel to make you finance literate and helps you in managing your personal finances. A Mortgage is a method of using property as security for the payment of a debt. Most mortgage lenders offer a variety of formats. Check out the Florida Mortgage Loan options.

Discount Mortgage Company Supports New Closing Cost Program

April 5, 2009 by · Leave a Comment 

Article Written by : The Wise Money

Wilmington, NC (PRWEB) January 19, 2008 — AAXA Mortgage, based in Wilmington, North Carolina, has agreed to help Century21 Mike Bowman with the promotion of their closing cost credit program. The program offers closing cost credits for homebuyers who use Century21 Mike Bowman as their real estate agency when purchasing a home.

“AAXA has always been about delivering great value to our clients. When we were approached by Century21 about this program, it was a no brainer. Not only can customers get some of the lowest mortgage rates in the Country through AAXA’s lenders, but now they can have some, if not all, of their closing costs reimbursed by their real estate agency. That has to be about the best value package in the real estate and mortgage industries” said Brian Mitchell, VP of Operations, AAXA Discount Mortgage, Inc.

“We know that customers have plenty of choices when shopping for home financing and we rely upon our rates and service to help us stand apart from the crowd. Coupling our lenders’ discounted rates with Century21 Mike Bowman’s closing cost credit program will make us hard to beat.”

Although Century21 is headquartered in Grapevine, TX, they have a network of agents throughout the Country to assist buyers. The process is very simple. All a homebuyer has to do is contact AAXA Mortgage and one of AAXA’s loan advisors will let Century21 Mike Bowman know that he or she is looking for buyer representation. Century21 will then have an agent in the buyer’s market contact them to discuss properties and moving forward. The closing cost credits will appear on the HUD-1 statement at closing. This program is not available in all states.

About AAXA Discount Mortgage:

AAXA Discount Mortgage has been offering its clients some of the best mortgage rates and lowest closing costs in the Nation since 2000. AAXA conducts business in twenty-six states and is headquartered in Wilmington, NC. The company also has full service offices in Arizona, South Carolina, and Texas. AAXA uses state-of-the-art technology to simplify the lending process and drive down the cost of home financing. The company works with some of the Country’s largest and most progressive wholesale lending institutions to ensure that its customers have access to some of the most competitive pricing and programs in the marketplace. Product offerings include traditional conventional financing such as 30 year mortgages and 15 year home loans, as well as, interest only loans, adjustable rate mortgages, jumbo loans, lot loans, and second mortgages.

Engaged Couples Rarely Discuss Sex, Finances Or Other Issues Before Wedding

April 5, 2009 by · Leave a Comment 

Article Written by : Business and Finance Net

(PRWEB) January 18, 2008 — The estimated 2.3 million pairs of American brides and grooms who will wed this year will spend, on average, $20,000 on their ceremonies and receptions — a large expenditure to create a memorable and festive event that will last for only five hours. Few couples, approximately three in 10, will participate in any form of premarital education. According to Ted Beasley, founder of YourPreMaritalCounseling.com, a few open and simple conversations between the bride and groom about difficult subjects can increase their chances of not becoming a divorce statistic.

A review of 23 longitudinal studies found that premarital counseling reduces the risk of divorce by 31 percent. Marriage preparation, whether it is in the form of counseling with a therapist or clergy member or simply in the form of the bride and groom reading a book together, creates the most important habit of a successful marriage: communication. “Engagement is actually the perfect time to talk about all of the hard subjects. You’re already committed to the marriage. There are obviously no deal-breakers, so why not be honest about some of your areas of disagreement?” commented Beasley.

Over the past 15 years, Beasley has officiated over 100 weddings and counseled thousands of couples with relationship challenges. “You would be surprised how little conversation has taken place between these two people who are about to make the biggest promise of their lives,” said Beasley. “They rarely feel comfortable airing their concerns about personality differences. They have not communicated their sexual expectations. And the ultimate taboo is money. Few couples agree in advance on a budget or even who will keep the books.”

Many couples are either too stressed or too optimistic to make time for marriage preparation. There is not the requisite pain in their relationship which drives so many married couples to a therapist. Miquele Dunkeley, a graduate of Beasley’s premarital counseling, was surprised at how unprepared she and her husband, Mark, were for marriage. “You spend countless hours planning for the perfect wedding, the perfect memory. Ted helped prepare us for the day after the wedding, when the marriage began. My husband and I dated for 5 years before we got married and I never realized how many topics we had never discussed.”

Most researchers agree that conversation alone is not enough to preserve a marriage. The most effective premarital programs are skills-based, teaching couples strategies for communication and teamwork around highly-charged relational issues.

YourPremaritalCounseling.com is the sole distributor of the Marriage Starters Audio Workshop in both CD box set or digital download MP3 formats. Ted Beasley’s premarital counseling program is unique in that the audio format, combined with the accompanying workbooks, allows the engaged couple to participate in skills-based preparation in a private setting, away from the prying questions of a stranger.

If you’d like more information about this topic, or to schedule an interview with Ted Beasley, please contact him at 512-779-0675.

The Doctor Is In: Mortgage MD Blog Offers Prescriptions for Wealth Management

April 5, 2009 by · Leave a Comment 

San Mateo, CA (PRWEB) January 22, 2008 — What can you do with all the equity you’ve got in your home? When should you refinance and when should you sit tight? How can you protect your real estate investments while increasing your cash flow? Answers to all of these questions can now be found on the new Mortgage MD blog at: www.rayavanzinoblog.com.

Ray Avanzino, a mortgage planner with MD Mortgage Direct, started the Mortgage MD blog to provide homeowners and prospective buyers with the practical tools they need to make some of the biggest financial decisions of their lives. “I wanted to find a way to communicate some of these big ideas in a way that would reach as many people as possible. The blog empowers readers to learn more about my wealth management strategies and start planning for success,” said Ray.

In an effort to demystify the home-buying process, Ray dispenses tips on a wide range of topics from standard mortgage loan options to effective investment strategies for clients who aren’t sure how to make the most out of their assets. Readers intimidated by the mortgage process will be happy to learn that Ray’s chatty style makes even the most complicated financial models easy to understand. Most importantly, his prescriptive advice has led many clients to increased wealth.

With regular posts and a weekly wrap-up, the Mortgage MD blog is an indispensable source of information for prospective home buyers and current homeowners. Get your Mortgage MD prescription today by visiting: www.rayavanzinoblog.com

About Ray Avanzino

Ray Avanzino and his partners have been providing top-tier mortgage services in San Mateo for 11 years under the brokerage of MD Mortgage Direct. They offer a variety of programs designed specifically to meet our clients’ financing needs including new home financing, refinancing, credit lines, commercial loans, construction loans and private money loans. They also offer a range of financial planning services from cash flow and debt analysis to real estate equity and investment analysis. They are committed to helping clients manage and protect their home equity and personal cash flow. Contact them directly at 650-576-6531. www.rayavanzino.com

Refinance.com Cuts Mortgage Rates by 0.25% Following Federal Reserve Action

April 5, 2009 by · Leave a Comment 

New York (PRWEB) January 23, 2008 — Refinance.com, the nation’s premier source for home mortgage refinancing, announced a 0.25 percent reduction to mortgage rates effective immediately in response to the emergency rate cut by the Federal Reserve.

“Refinance.com has immediately reduced our mortgage rates by 0.25 percent in response to the rate cut by the Federal Reserve. We now show 30 year fixed rates as low as 5.5% with zero points. Lower mortgage rates will help homeowners with adjustable rate mortgages and those who are facing rising monthly payments to refinance into a better loan. Homeowners should immediately contact lenders with expertise in mortgage refinancing and explore various alternatives such as FHA insured loans,” said Nicholas Bratsafolis, chairman and CEO of Refinance.com.

Homeowners can take immediate advantage of the rate cut, reduce their monthly payments, and enter into the payment certainty of a fixed rate mortgage, possibly with an FHA loan. Refinance.com offers dozens of programs tailored to each borrower’s unique situation with its broad expertise and nearly twenty years in home mortgage refinancing.

FHA provides mortgage insurance on loans made by FHA-approved lenders and Refinance.com has created an online resource for borrowers seeking to refinance their homes with an FHA refinance loan. Information, rates and mortgage calculators are available at www.refinance.com or by calling 1-800-734-REFI.

The target overnight lending rate was cut for the first time between Federal Reserve meetings since, September 2001. The cut of 75 basis points on the overnight lending rate reduces that rate to 3.50 percent. The rate cut was expected next week, however, the FOMC has tied this rate cut now to the growing financial crisis around the world.

About Refinance.com: Refinance.com is one of the nations leading mortgage companies with nearly twenty years of mortgage refinancing expertise. The company has assisted thousands of clients reach their home refinancing goals through its diverse range of mortgage and refinancing options, and specializes in FHA lending. Founded in 1989, Refinance.com is based in New York City with offices in Syosset, NY and Boca Raton, FL.