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June 9, 2017


https://www.youtube.com/watch?v=nWht5hrLFO0

Great Tips About FHA Loans McAllen TX That Anyone Can Use

January 24, 2017
Learn more about FHA Loan McAllen Texas here...

So you're in search of that dream home and wondering what it takes in order to pay for it. That is where the home mortgage comes in, and you will want to understand how to get one. The tips in the article below are simple to follow, and Valley FHA Loan Pros in 78501 will show you what it takes to secure your new home.

Do not sign up with the first mortgage lender that you come across. There are so many out there that you would be doing yourself a disservice by being hasty. You should shop around a bit to make sure that the rate you are being offered is competitive and fair.

Do not sign up with the first mortgage lender that you come across. There are so many out there that you would be doing yourself a disservice by being hasty. You should shop around a bit to make sure that the rate you are being offered is competitive and fair.

If you're thinking of getting a mortgage you need to know that you have great credit. Lenders review credit histories carefully to make certain you are a wise risk. Bad credit should be repaired before applying for the mortgage, otherwise you run the risk of your application getting denied.

Try again if your house is worth less than what you owe and you've been unsuccessful in refinancing it. The HARP program has been re-written to allow people that own homes get that home refinanced no matter what their financial situation is. Consider having a conversation with your mortgage lender to see if you qualify. If this lender won't work with you, you can always find a different lender.

If you are able to pay more for your monthly payments, it is a good idea to get a shorter-term loan. Most lenders will give you a lower rate if you opt to pay your mortgage over 20 years instead of 30 years. Borrowers who get shorter term loans (such as 15 or 20 years terms) are considered less risky than those with longer term loans, resulting in lower interest rates.

Know your credit score and keep unsavory mortgage lenders at bay. Some unscrupulous lenders will lie to you about your credit score, claiming it is lower than it actually is. They use this lie to justify charging you a higher interest rate on your mortgage. Knowing your credit score is protection from this fraud.

If you can afford the higher payments, go for a 15-year mortgage instead of a 30-year mortgage. In the first few years of a 30-year loan, your payment is mainly applied to the interest payments. Very little goes toward your equity. In a 15-year loan, you build up your equity much faster.

Make sure you look at multiple mortgage lenders before settling on one. You definitely need to do some comparison shopping. There are a lot of different mortgage deals and rates out there, so stopping at just one could really mean wasting thousands of dollars over the life of your mortgage.

Lower your number of open credit accounts prior to seeking a mortgage. Lots of cards, even with no balance, make you look irresponsible. To make sure you're getting a good interest rate on your mortgage for your home, you should have fewer credit cards.

Learn all about the typical fees and costs associated with a mortgage. There are often odd-seeming line items involved in closing a loan. It can get pretty overwhelming. You can learn the lingo with a little practice and go into mortgage negotiations better prepared.

If you have filed for bankruptcy, you may have to wait two or three years before you qualify for a mortgage loan. You may end up paying higher interest rates, however. The best way to save money when buying a home after a bankruptcy is to have a large down payment.

Chose a bank to carry your mortgage. Not all companies who finance homes are banks. Some of them are investment companies and private corporations. Though you may be comfortable with them, banks are usually the easier option. Local bankers can usually cut down the turn-around time between application and available funds.

When trying to figure out how much of a mortgage payment you can afford every month, do not neglect to factor in all the other costs of owning a home. There will be homeowner's insurance to consider, as well as neighborhood association fees. If you have previously rented, you might also be new to covering landscaping and yard care, as well as maintenance costs.

Having a high credit score means you will get a better rate. Get credit scores from all the big agencies so that you can check the reports for errors. To get the best possible loan rate these days, a score of at least 620 is probably needed.

Before shopping for a home mortgage, Rebuild or repair your credit. A good credit credit and history score qualifies you for a better interest rate. It is also frustrating to find the perfect house but not qualify for the loan you need. Before buying a house will save you money in the long run, taking the time to fix your credit.

Do not forget to consider the local property tax rates before you enter into a home mortgage contract. Just because you can afford the mortgage payment does not mean that you will be able to afford the taxes on the home. In some areas the taxes on a modest home can feel like a second mortgage, so be sure to look into this.

Before you apply for a home mortgage, be sure to check your credit score. You can get a copy of your credit report for free once a year from one of the three big credit reporting companies. Check to be sure your credit report is accurate. Correct any problems you find. Before applying for a home mortgage, it is very important to have a positive and clean credit report.

A home mortgage is usually the best way to finance a home. Home loans can be a complicated subject to understand, so learn everything you can to avoid making bad decisions. Apply your new knowledge and get the very best deal you can.

German finance minister holds out against Greek debt cut

December 5, 2016
BERLIN (AP) -- Germany's finance minister is underlining his opposition to a debt cut for Greece and urging Athens to push ahead with reforms before a meeting with his eurozone counterparts.

Eurozone finance ministers will review progress on the Greek bailout program Monday. The International Monetary Fund argues that Greece needs better terms on its debt payments for its economy to recover, but top bailout lender Germany has been reluctant to commit to debt relief measures.

Finance Minister Wolfgang Schaeuble was quoted Sunday as telling the Bild am Sonntag newspaper that a debt cut "wouldn't help Greece."

He added that "Athens must finally carry out the necessary reforms. If Greece wants to stay in the euro, there is no way past that completely independently of the debt level."

Middle Eastern Stocks Slump as Investors Weigh Brexit Fallout - Bloomberg

June 26, 2016
Middle Eastern stocks followed declines across global markets on uncertainty over how Britains decision to leave the European Union will affect economies in the region.

Dubais DFM General Index lost 3.3 percent, the most since January, as Emaar Properties PJSC declined 4.7 percent. Saudi Arabias Tadawul All Share Index fell 1.1 percentas more than 85 percent of its members retreated. The Bloomberg GCC 200 Index, a gauge of the biggest and most liquid stocks in the region, dropped 1.3 percent, the most in a month.

Global markets buckled and about $3 trillion was erased from equity values on Friday following the U.K.s referendum on EU membership, which ended with a majority backing the Leave campaign and Prime Minister David Cameron resigning. Amid the volatility, oil, the biggest source of income for governments in the six-nation Gulf Cooperation Council, fell the most in four months.

Theres a lot of uncertainty over Brexit, and traders hate that, said Hatim El Atabani, theAbu Dhabi-based head of prime equity brokerage at Al Ramz Capital LLC. I want to know who the sellers are. If its foreigners, then this selling pressure could last a few days, because itll take a while for them to sell their positions given how low volumes have been in recent days. Trading on Sunday has increased because of the uncertainty, he said.

Dubai Selloff

Al Ramz has mostly cash positions, and is looking at levels to re-enter the market, which we believe we havent reached yet, said El Atabani.

About 320 million shares were traded on the DFM General Index, almost twice the 20-day average.Real estate companies and banks dominated the selloff in the emirate.

Dar Al Takaful PJSC, an insurer, was one of only two stocks to buck the declines, adding the most allowed with a 15 percent jump. The Shariah-compliant company, which is planning a rights issue, said in a statement to the exchange its not aware of a reason for the gains. The shares advanced 43 percent last week.

Saudi Bond

On Saudi Arabias main gauge, 356 million shares were exchanged, 67 percent more than the 20-day average. Out of the Tadawuls 172 index members, 149 fell. The Saudi Arabian Monetary Agency, the countrys central bank, has revised its investment policy related to euro- and sterling-denominated assets, the Saudi Press Agency reported.

The U.K.s decision to exit Europe may impact Saudi Arabia via the oil price drop and cause risk aversion in emerging markets saidJohn Sfakianakis, the Riyadh-based director of economic research the Gulf Research Center, a think tank. If the overall economic contagion is more globalized, the ripple effects will be felt in Saudi Arabia and the wider region as equities drop, commodity prices fall and volatility increases.

Brent crude, a benchmark for half the worlds oil, fell 4.9 percent on Friday to $48.41 per barrel. Oil prices have declined more than 50 percent over the past two years, putting a strain on Saudi Arabias finances.

After tapping the local bond market last year for the first time since 2007, the kingdom is planning its first sovereign dollar offering. It appointed JPMorgan Chase & Co., HSBC Holdings Plc and Citigroup Inc. for its international debt sale, people with knowledge of the matter said on Sunday.

Meanwhile the three-month Saudi Interbank Offered Rate, a benchmark used to price loans, fell for the second time in three trading days. The rate had been rising as liquidity tightened in the kingdoms banking system.

Gulf Declines

Fourteen out of the BGCC gauges 200 members rose. Qatars QE Index retreated 1.2 percent, ending an eight day winning streak. Omans MSM 30 Index slipped 0.6 percent, the first drop in four days. Abu Dhabis ADX General Index lost 1.9 percent, the most since May 3. Bahrains BB All Share Index fell 0.7 percent and Kuwaits SE Price Index sank 1.1 percent.

The impact on GCC markets is on two fronts, according to Mohammed Ali Yasin, managing director of NBAD Securities LLC in Abu Dhabi. One is the negative sentiment from the uncertainty and major losses in U.S. and European markets, he said by e-mail. The second is the re-balancing effects of the global portfolios that invest in emerging markets, which our GCC markets are part of.

The MSCI Emerging Market Index closed 3.5 percent lower on Friday.

Egypt Plunge

Egypts EGX 30 Index tumbled 5.5 percent, the most since January, on volume almost 50 percent more than the gauges 20-day average. Commercial International Bank Egypt, the nations biggest publicly traded company, was the biggest contributor to the decline with a 4.3 percent drop.

The severity of losses in Egyptian stocks are catching everyone by surprise, investors are imagining every scenario up to the break up of the whole European Union, said Hesham Wafa, a Cairo-based institutional sales trader at Mubasher Trade. Its clearly an overreaction though, as is usually the case in Egypt. Were already seeing foreign buyers take advantage of the dip, and we expect a bounce-back as early as tomorrow.

The stock gauges 14-day relative strength index fell below 30 for the first time since January, a sign to some investors that equities have fallen too fast and may be poised to rebound.

Dont Panic

The plunge prompted the head of the stock exchange, Mohamed Omran, to issue a rare statement asking investors not to panic, according to the state-run Middle East News Agency. Egypts market has been through worse, which has helped strengthen the ability of market participants to deal with such crises, he added.

Separately, Beltone Financial Holding, the Egyptian investment bank owned by billionaire Naguib Sawiris, has filed a lawsuit against the heads of the countrys regulator and stock exchange following the repeated cancellation of trading in its shares. Even though the companys equity dropped for a seventh day, the longest losing streak since August, its up 116 percent this year, compared with a 2.2 percent loss for the EGX 30 Index.

Israeli Slide

Israels TA-25 Index slumped 3.3 percent as of 3:15 p.m. in Tel Aviv to the lowest level in more than four months. The gauge is less than 10 points away from entering a so-called bear market, when a measure declines 20 percent from a recent peak. Every company on the gauge dropped.

Relative to Europe the declines in the Israel market are fairly muted as the impact is expected mainly from the risk a global economic slowdown could have on exports, said Yaniv Pagot, the head of strategy at Ayalon Group Ltd., an institutional investor in Ramat Gan, Israel. If investors are now thinking where to be, the Israeli market is not so bad as there wont be much impact on companies profitability and financial stability isnt at risk.

Still, Israels Finance Minister Moshe Kahlon said the government has setup a situation room together with the central bank to monitor developments following the U.K. vote to leave the European Union. The EU is Israels largest trading partner.

The yield on the countrys 6.25 percent benchmark bonds due October 2026 fell 11 basis points, the most since September on a closing basis, to 1.72 percent.

The shekel sank 1.8 percent on Friday, the most since January 2011, while the cost to insure Israeli bonds against non-payment using credit-default swaps rose 10 basis points, the most since June 2013, to 85 basis points, the highest level since February.

Shekel forward-rate agreements for three months, which are used to speculate on rate moves, dropped the most since February 2015 on Friday to 0.055 percent, as some traders speculated the Bank of Israel may lower borrowing costs during the period.

The benchmark rate has been unchanged at a record 0.1 percent for more than a year. The nations central bank will announce its interest-rate decision tomorrow at 4 p.m. local time.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE

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Insurance covering building industry losses cut after Stonewood Homes trade fallout - Stuff.co.nz

April 17, 2016
TIM FULTON

Last updated11:36, April 17 2016

Credit analyst Alan Johnson says trade credit insurance might have clouded a picture of Stonewood's financial strength ...

JOHN KIRK-ANDERSON/FAIRFAX NZ

Credit analyst Alan Johnson says trade credit insurance might have clouded a picture of Stonewood's financial strength under its previous owners.

An insurer offering building contractors protectionagainst baddebt has more than halved its premiumsafter the receivership and re-sale ofStonewood Homes.

Ben Rickard, from insurer Builtin, said itcut the cost of its policy by more than 50 per cent in a "relaunch" after Stonewood.

Rickard said ithad onlyaccepted small to medium-sized firms who would not generally be able to afford other trade credit insurance. Since relaunching its policy in February, Builtinofferedcover for up to $50,000 of outstanding debt at a cost of $720/year.

READ MORE:

*The Construction Contracts Act -payments and disputes under a construction contract

*Rebuild chief Warwick Isaacs quits for Stonewood Homes role

*Stonewood hires heavy hitters

*Stonewood doubles warranty for homes

It had been hard to convince tradesmen the old premium was value for money, he said.Builtinhad sold about 100 trade debt policies in Canterbury and more elsewhere.

Builders have anarsenal of laws, products and guarantees to save them from losses when another company collapses, insurers say.

Several insurers said tradecredit policies wereusually only taken by larger companies paying a premium based on theirrevenue. Acompanywith $100m of revenue could expect topay a premium equivalent to0.1 per cent of theirturnover. The premium for a $1m company might be 1 per cent of revenue.

Trade credit provider, Martin Jones, country manager for Atradius, saidsome smaller businesses decides against the policy because of the cost but others were not aware it was an option.

Credit insurance coveredthe payment of an undisputed debt arising from a trade transaction. Theinsurance didnot cover quality of goods or services nor did it cover sales to private individuals.

Atradius' policyonly coveredthe risk of non-payment and not any other trade risks associated, Jones said.

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It covered commercial risks, insolvency and "protracted default", which it defined asnon-payment at 180 days past due.

QBE Insurance trade credit manager,Ian Clague, said it offered a "specialist product" marketed by brokers on its behalf.

He said in percentage terms,largerbusinesses paid less than smaller firmswhich oftendecided the cover wastoo expensive or had a "won't happen to me" attitude tobad debt.

Credit Works Data Solutions manager,AlanJohnson,said trade credit policiescould have misledStonewoodHomes sub-contractors wanting evidence that it was wise to keep supplying the former owners with goods and labour.

Tradesmen supplying Stonewood under its previousownership would have looked to major suppliers, like hardware merchants, for signs that Stonewood was a safe bet, hesaid.

Smaller tradespeoplemight not have known that some ofthese suppliers were insured against bad debt, Johnsonsaid.

Certified Builders chief executive,GrantFlorence, saidbuilding sub-contractorswho wanted to protect themselves against bad debt already had options under theConstructionContractsAct.

Payments under construction contracts are usually made in instalments referred to as progress payments. The Construction Contracts Act saysparties are now free to agree on a single payment instead of several instalments.

-Stuff

Effectively Make Use Of Your Money

November 29, 2015
Dealing with personal finance is a skill that every adult must learn. Many people never learn the right way to handle their money, having learned the skill from their parents, who also learned from their parents,. That is the problem. Here are some solid suggestions for handling personal finances well.

Shop around before committing to a specific lender for financing. Talk to several loan officers, and always get terms on paper. You can also let the loan officer know of other rates you have been quoted, giving them a chance to compete for your business. Additional fees and charges as well, although be sure to not only compare interest rates.

They should also look into getting a specific breed of dog if one has a specific purpose for which they are going to use their dog. One is often able to find a certain dog for a specific job, because of the large variety of dog breeds available. There are many dog breeds specialized for different things such as retrieving, guarding, or herding. The right breed can make a big difference in ease of training.

Selling some household items that are never used or that one can do without, can produce some extra cash. These items can be sold in a variety of ways including many different online websites. Free classifieds and auction websites offer many options to turn those unused items into extra money.

Replace older incandescent bulbs with high-efficiency CFL bulbs. If you replace your bulbs, you can lower your electricity costs and benefit the environment. CFLs also last considerably longer than most older-styled light bulbs. Buying bulbs less frequently can help you save money.

Make note of free financial services whenever they are mentioned. Banks often tell their customers about free services they offer at the most inopportune times. The wise customer does not let these opportunities slip away. If a teller offers the customer free financial planning services when he or she is in a rush, for example, the customer can make note of the offer and come back to take advantage of it at a better time.

If you want to minimize the amount that you spend, in a spreadsheet, track every single penny spent. This will allow you to see where you are wasting money and where your necessities are. Analyze this information, and improve your overall spending habits to put more money in your bank account.

Never use your credit card for a cash advance. Just because your card offers it doesn't mean you should use it. The interest rates on cash advances are extremely high and utilizing a cash advance will hurt your credit score. Just say no to the cash advance.

Spend less than you make. Living even right at your means can cause you to never have savings for an emergency or retirement. It means never having a down payment for your next home or paying cash for your car. Get used to living beneath your means and living without debt will become easy.

Make sure that you are only paying for the amount of home insurance you need. You cannot file a claim for more than the value of your house and it's contents, so having high insurance coverage could mean you're paying for something you can't even use. Do an inventory of your house and get a rough estimate of what you would claim, then speak to your insurance agent to make sure that your coverage matches that amount.



Recycle your old VHS tapes and even plastic bags into yarn! They call it "plarn" and avid craftspeople all over are recycling anything that they can twist around a crochet hook or weave through a loom to make useful water proof items out of one-hundred percent recycled products! What can beat free craft material?

A great tip for personal finances is to never buy anything with cash. It is very difficult to track cash and know penny for penny where your money is going. Rather you should use your bank card for everything, and write down in a journal or budget log every time you use it. Then analyze it at the end of the month and determine where you need to cut back.

Before you sign any loan, always talk to someone that knows about loans and lending. You can check with a lawyer or someone else you trust so they can look over all of the paperwork. It is best to know what you are signing so you can avoid surprises.

Set a financial goal to work your way toward financial security. Your goal can be small initially, such as paying off one credit card. Later, you can grow that goal to something like being a millionaire by retirement age. Setting a goal gives you something to work toward. In order to get there, it also allows you to outline specific steps that you will follow. Both are important steps toward improving your financial situation.

Look for a free checking account, as there is no need to waste money unnecessarily. Get something that has no minimum balance requirement, no transaction fees and no monthly fees. The majority of banks still offer free, no interest checking accounts. If you sign up for direct deposit, others have checking accounts that can be free.

Understand that keeping track of your personal finances requires actual effort. It's not enough to simply add up some things in your head. Keep track of your monthly spending by thoroughly checking all statements and receipts. You need to be on top of things if something's not lining up right.

Before the grace period ends, make sure that you always pay off your credit card balances. You will end up owing much more in interest, and this is where people get into debt problems, if you fail to do this. Make sure that you pay attention to what purchases you be and make sure to know when the grace period ends.

If you are young, ignore the conventional wisdom of investing in 80 percent stocks and 20 percent bonds, and instead aim for a 50-50 balance. Given the volatility of the market, you can still lose quite a bit by putting most of your money in stocks. It might also cushion you against huge losses, though having a mix of both may reduce your returns a little bit.

People are trying their hardest to make their money go further in today's economy, as stated before. It takes a lot of thought to decide what to spend money on and how to use it wisely. Luckily, the personal finance tips from this article will allow you to do just that.