On how to manage your money
Home Loans
A home is a very good investment . To buy a home you have to start with on how to finance it? Suddenly many terms comes into your purview like mortgages, ARM, conventional loan, Fannie may, Ginnie may Freddy Mac , HUD and FHA, PMI ,Title, insurance like flood and property insurance.
401K is a retirement savings plan which is set up by your employer where you contribute a percentage of your pre tax salary which is often matched by your employer.
Adjustable Rate Mortgage (ARM)
The interest rate for an Adjustable Rate Mortgage (ARM) can depending on the changes in adjustment index. Interest rate adjustments are tied to a specific adjustment indexes like interest rate on certificates of deposit or treasury bill or the LIBOR rate.
Checking accounts with no monthly service fees helps us to earn interest and are free checking account.
Corporate Christmas Cards/ Business Christmas Cards
Sending corporate Christmas cards helps build customer loyalty and strengthen bond among the clients. It is also used as another marketing tool.
Credit Card Protection Insurance
Many might not have heard of credit insurance but still may be paying it. Credit insurance is offered by insurance companies through credit card companies, retail stores, banks.
Credit report will be free to all Americans beginning September 1st, 2005, regardless of where ever they live. The federal Fair Credit Reporting Act (FCRA) requires that U.S. consumers be entitled to a free credit report each year.
Freddie Mac, Fannie Mae, and Ginnie Mae
Freddie mac or Federal Home Loan Mortgage Corporation (FHLM) is a federally -chartered corporation that purchases residential mortgages, securitizes them, and sells them to investors.
Borrowing against the equity you have in your home is a home equity loan. It is usually done to pay off student loans, buy a new car, get rid of credit card debt, make home improvements, medical emergencies and taking a vacation etc
Refinancing means taking out a new loan to replace the existing loan. Then you can pay off the current loan with the new loan.
Call 1-877-ID-THEFT, the FTC’s toll-free ID Theft Hotline.
Individual Retirement Account or IRA
Any one can set up and ira who have taxable income and have not turned out to be aged 701/2 by the end of the year.
Always make meals at home and think and prepare before hand.
A Roth IRA is an Individual Retirement Account plan that provides tax-free growth if you follow certain rules.
Financial literacy is very important in saving money.Many people have a habit of spending all the money they get and buy things they cannot afford through loan, credit or debit and be in debt all through their life.
Swiss bank has the strictest confidentiality and safety compared to other banks.
VA home loan program is to help veterans of the United States armed forces finance purchase of a .