Friday, July 27, 2012

Unsecured Credit Cards With Bad Credit: Some Points To Consider

Many will say that credit cards are more trouble than they are worth because of the ease with which credit card debt can be run up. But managing credit cards properly can mean avoiding such trouble. In fact, when seeking unsecured credit cards with bad credit, it is essential to prove to the card issuer that a mature attitude is being taken.

The challenge of getting card approval is not made any easier when the applicant has a poor credit history, but that is not to say that approval is impossible. Depending on the degree of bad credit involved, the compromise that may have to be made, may range from a higher rate of interest charged to a very low credit balance.

It may even be necessary to provide some collateral, just to get back into the credit card game. However, unsecured credit cards are still possible to get if the right moves are made to convince the issuers that the card will be managed properly, despite the poor credit rating.

Compromises to Accept

Having a bad credit rating is likely to have a negative effect on a credit card application. But the compromises that may have to be made when applying for unsecured credit cards with bad credit are not extreme. In fact, they are generally quite reasonable.

The first is a higher rate of interest charged to purchases and cash advances. This is the best way in which a card issuer can recoup their investment, but when getting card approval it is a good idea to speak to the issuer to ensure the rate is fair. Some cards may charge as much as 20%, which is expensive unless spending is kept down.

The second is to keep the card limit to a minimum. The lender may issue unsecured credit cards with limits as low as just ,000, which means that expense can be kept to a minimum. However, resist the temptation to take out a number of low limit cards just to build up the total credit.

Show Good Habits

Credit card companies love to increase limits from time to time, thus increasing their profits. Even with unsecured credit cards with bad credit, the call will come. For this reason, keeping a disciplined spending habit is important.

As mature card management is applied, the benefits increase. When originally getting card approval, the interest charged may be high and the credit limit low, but gradually, the limit will improve and the interest rate will reduce. It is the interest that is key.

It is good idea therefore to set a threshold on how much of the unsecured credit card limit is to be spent - for example 40% or 50%. This means that bad credit is gradually improved, repayments are kept affordable, and there is always emergency funds available when necessary.

Conditions to Look Out For

Of course, accepting compromising does not mean accepting everything. Some card issuers offering unsecured credit cards with bad credit may add a series of extra fees that are not necessary. It is not just a matter of annual card fees and balance transfer fees, but also additional monthly card fees and low credit fees.

These are often hidden so reading the small print on the card terms is necessary to discover if they exist or not. If they are charged, getting card approval can then prove to be very expensive.

Extra fees will apply as a compromise, and unsecured credit cards are always going to be more expensive than the alternative, but understand that a reasonable limit exists. So, check out what extra fees exist before signing up to anything.

Wednesday, July 25, 2012

LIC-Endowment Assurance Policy- With Profit

Suitability
* This plan is suitable for people of all ages who wish to protect their families from a financial crisis that may occur due to their death.
* The amount assured if not paid by reason of his death earlier will payable at the end of the endowment term where it can be invested in an annuity provision for the rest of the policyholder's life or in any other way he may think most suitable at that time.
Premiums
Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by you, throughout the term of the policy or earlier death.
Benefits
Survival Benefits
The Sum Assured along with the vested bonuses is payable in a lump sum on survival to the end of the term. An additional Sum Assured is payable on death.
Death Benefits
The Sum Assured along with the vested bonuses is payable on death in a lump sum.
Disability Benefit
The policy holder is not required to pay further premiums if he becomes totally & permanently disabled due to an accident before reaching the age of 70 & the policy is in force. The Disability Benefit is available in respect of the first Rs.20, 000 sum assured on any one life) and the policy will continue to be in force.
Accident Benefit
By paying an extra premium of Rs.1 per Rs.1000/- sum assured per year he or his family are entitled to the following benefits on death or permanent disability caused by accident. Even students above the age of 18 years can avail this benefit.
Premium Stoppage
If payment of premiums ceases after at least 3 years premiums have been paid , a free paid-up policy for a reduced sum assured will be automatically secured provided the reduced sum assured, exclusive of any attached bonus, is not less than Rs. 250/. The reduced sum assured will become payable on the event as set in the policy.
Bonus
Every year the Life Insurance Corporation distributes its surplus among policyholder to with profits' polices in the form of bonuses. Substantial bonuses have been declared in the past after each valuation of policy liabilities.
Eligibility
* Minimum age at entry : 12 years
* Maximum age at entry : 65 years
* Maximum age at maturity : 75 years
* Minimum Sum Assured: Rs 30,000/-
* Maximum Sum Assured : No Limit
* Policy Term : 5 to 55 Years
* Mode of Payment : Monthly, Quarterly, Half Yearly, Yearly, Salary Saving Scheme

Tuesday, July 24, 2012

Pound till payday-Immediate solutions for economic obligations

To acquire financial security and to tackle different types of financial problems, one need to have sufficient amount of money. Pound till payday program is specially designed and anticipated to those person who are in need of instant cash to end his or her financial odds. Most of these problems arise during the middle or end of the month and usually before the salary date. It is now very easy to have such kind of monetary assistance because of their easy availability in an unsecured form.

It is safe and secure to have quick cash flow right from the comfort of home. In UK most of the salaried people work for full-time and part-time on regular employment. The above mentioned loan facility is very beneficial to these people who may face various types of unexpected problems before payment date. Problems like bill payments of telephone, electricity, water. Internet etc or other unexpected expenses like accidental, medical, travel etc may arise at any time.

The above mentioned loan facility provides instant cash flow continuously through out the month to fight against the financial obligations. Again the person can get the desired amount along with a flexible repayment option to repay the loan amount. This repayment option will totally depends upon the capacity of the borrower. An applicant can avail such kind of loan facility only within a few hours after approval of loan amount.

This type of loan facility is very popular in UK to avail continuous flow of cash in bank accounts. People with bad credit history can also avail such kind of loan facility right from the comfort of his or her home or office. Bad credit has nothing to do with the approval of a desired loan amount. There is no need to produce any kind of credit details along with the application form. To avail instant pound or cash one has to visit the website of a loan arranger for the best deal to choose.

One can apply online with a simple online application form where only a few details of the applicant has to be filled up. No faxing of documents and no security is to be deposited to avail such kind of cash facility. Once approved the loan amount is instantly transferred to the bank account of the borrower for immediate uses. To avail such type of loan facility no collateral is to be deal in. Pound till payday provides quick solutions to ongoing financial issues with a flexible repayment option.

What is a Final Expense Insurance?

Death is a pretty delicate topic and many people avoid talking about it due to how painful it can be for them. No one likes to think about the end of their lives, no matter how old they are. Bottom line, we all know that our existence will end someday and it is essential that those who are left behind by the deceased will not be in the lurch for the reason the death cannot be anticipated. One means to ensure that the expenses of a burial are already taken care of is getting some kind of insurance.

Final expense insurance sometimes referred to as burial insurance or death insurance is a type of insurance that is meant to cover expenses related to a funeral. Although it is similar to life insurance for seniors, there are differences that make it unique and much more affordable.

The fact is that funerals these days can become quite expensive. There is the funeral service, cemetery plot and headstone, cost of the casket, funeral procession, and other miscellaneous costs involved. Final expense insurance is meant to eliminate these financial burdens so that families can focus on grieving and mourning their loved ones' death.

This type of insurance is pretty similar to life insurance "no exam" policies in that an individual can choose not to take an exam. Although premiums for this type of final expense insurance may be higher than other standard policies, they will still be lower than with a life insurance. The reason is that final expense policies have a much lower face value, often in the range of ,000 to ,000. This means that the insurance company takes on less of a risk which then allows individuals to save money.

In the other hand everyone wants to know how the life insurance no medical exam will affect the premium rates. Some people believe that the rates with be higher because there are no real checks on a person's health and well-being. On the other hand, some believe that this is just a more efficient way to set people up with life insurance. The best way to find out more is to research online and learn about the companies that offer these types of policies.

However, a term life insurance is actually a great option for those that want to spend less but still get the benefits of a life insurance policy. While final expense policies are more than perfect for those individuals near death and that have no existing life insurance policy, younger individuals and their beneficiaries may get beneficence from the attainment of a term life insurance policy.

Monday, July 23, 2012

The pros and cons of secured loan UK

The whole concept of secured loan in UK revolves round collateral. Collateral is a technical term which means the property that is used as security in a loan. Any property of significant money value has acceptance as collateral. However, in UK a home is most frequently used as collateral. Though secured loans in UK are offered against the equity available in a home, in special cases no or zero equity is also accepted.

Some people find it risky to take loans against their home. Being aware of the fact that they will have to lose their property if they fail to pay off the loan, they shrink back from taking secured loans. It cannot be denied that there is risk of property repossession in this type of loan. Yet, all people do not avoid taking them. Rather, plenty of people think of it as a cost-effective method of raising fund. In fact, there are genuine reasons behind the popularity of secured loans in UK.

First of all, it is a gainful bargain for the borrower. He gets the chance to undertake a major financial venture as this loan allows him to take out a hefty amount of money. He has the leverage to borrow as much as his home equity lets him to. Even in some cases he can borrow more than his home equity allows. There are lenders who sanctions loan amount of up to 125% LTV.

Besides, secured loans UK offer high level of flexibility in repayment terms. Longer duration of time to repay the loan, low APR, smaller monthly instalments are all awarded to the borrower. This is done as reciprocation to the gesture he shows by offering collateral. Moreover, the lender also gets the freedom to use the amount advanced by personal secured loan UK for a plethora of personal needs. So far the risk factor is concerned; all the flexibilities mentioned here are enough to back the borrower to easefully pay off the loan and avoid property repossession.

Sunday, July 22, 2012

Simple Guide With Regards To Car Loans Having A Low Credit Score

These days there are plenty of people that are in a situation that they need to buy a new car and on the other hand they are faced with bad credit history that prevents them from getting a car loan. However, there is an alternative for bad credit car finance services is with some finance companies that don't mind the bad credit ratings. These services are the best and not the only alternative when it comes to car finance for bad credit.

Most of these specialized services can be found online. Just Google words such as "Car finance with bad credit UK" or "Car finance with bad credit UK" and you will be able to find the best ones. Once you find them you can start visiting their web sites and see what terms they can offer to you. In addition to that you can get a free quote from most of them. However, you need to be aware that here we are talking about services that are on disposal only for UK citizens and only on the UK territory.

The fact that these services don't take in consideration your previous credit rating is the main differences between these finance services and the classic money lending services. The only thing that they consider is your current financial situation and how you are dealing with your debts at present time. There isn't a car that you can`t buy if you use this type of service. Every brand of cars that can be found in the UK is at your disposal. Besides from new cars you can go for used car as well. That is as long as the car is not older than four years. However, some bad credit car finance services don't offer loans for used autos.

Going with such service means that you can have everything wrapped up within hours from your submitting your application. Once you submit the application the process is started and it can easily be you to have your new car in your garage the same day or even the same afternoon. Once you submit the application, someone will review it, than you will receive a call from a consultant that will tell you the details and once agreed the car can be delivered to you or you can take it from the dealership by yourself. As soon as you understand everything and agree with the agreement you can go and get your car. They are very satisfied with the terms that are offered to them and how the business is conducted.

Saturday, July 21, 2012

Salient Tips On Getting The Best Denver Home Loan

Mortgage Companies are established in various areas to help people who wish to purchase their home or refinance the mortgage on their existing home. Since mortgages are available in various packages, it is important for customers to be able to select the best packages for their requirements. Information is available online for learning about the configuration and effect of interest rates on one's finances. At the end of the day, you should be able to pay off the mortgage loan with the tenor mentioned in the loan contract.

Denver home loans are available with Beacon Financial Mortgage lenders who are reputed in the field and offer low interest rates and various options for customers. If you are cautious about taking mortgages and require discussing your options with a counselor you can call them and they will offer their best customer service.

Denver home loan rates are available for people who are credit worthy and maintain a high credit score. They can get better interest rates with mortgage companies. If your credit score is low, some companies like Beacon Financial Mortgage will make an individualized decision to help you with a proposal. The advantages with selecting a company such as Beacon Financial is that they are accredited and do not charge any lock fee, application fee or other such fees. They have streamlined the mortgage process and have the ability of closing your loan in 15 days.

Try to get the best Denver home loan when you wish to purchase property or a home. You will want to ensure that the home becomes your own after many years of paying the mortgage loan interest rates. You may pay the same amount of interest rate every month when you decide on a fixed rate mortgage. You can either take the fixed rate for a period of 15 to 20 years or you can use the option for a five and seven-year fixed rate loan with balloon payment at the end. This is different from adjustable rate of interest.

If you are interested in finding the best options then you should log on to the websites of several mortgage companies and read the types of loan interest rates to find out which one will benefit you in the long run. Do not hesitate to contact the customer service support and ask them to answer your queries. You should have no doubts when you are paying out money in order to purchase a dream home that you are living in currently.

Most of the popular and reputable sites offer tools and calculators and set up track sheets to let you see the current rates of interests especially when you plan to purchase properties. Make sure you are well informed about Denver home loan rates and make the right decision when you visit the mortgage company. You have the option of deciding on the loan program that you wish to take and the mortgage counselor will help you to select the right option.

Building Online Web Shop With Fatcow

In case you need a webhosting firm that allows you to use your purchasing cart and to just accept on-line credit card funds, FatCow E-Commerce is certainly what you're looking for. The corporate was based back in 1998 and are doing enterprise ever since. They have managed to determine an amazing area of interest within the webhosting industry and other highly developed services, including electronic commerce.

E-Commerce from FatCow offers perfect and environment friendly web companies, equivalent to domain registration, shared hosting and numerous e-commerce services. Thus, in case you are looking for a robust, reliable and totally practical webhosting services, corresponding to FatCow E-Commerce, an entire hosting plan is out there on your private and enterprise needs.

Primary Features of FatCow E-Commerce

The FatCow E-Commerce is perfect for small on-line businesses as they'll simply set up their online buying carts by taking advantage of the FatCow e-commerce services. These e-commerce services permit users to setup numerous e-commerce applications with the assistance of consumer-pleasant and manageable online tools.

FatCow E-Commerce advertising and marketing instruments embrace:

1. Yahoo Search Advertising and marketing Credit ();
2. Google AdWords Credit score ();
3. HubSpot's WebWeb site Grader;
4. RatePoint Feedback Service (60 days free trial);
5. Free fundamental plan - Submitnet.

The FatCow E-Commerce advertising and marketing is another alternative in webhosting because it gives a simple and calculated pricing plan of the supplied companies to avoid their prospects from getting confused.

Why to Choose FatCow E-Commerce?

FatCow Assist had an ideal affect over the trade to offer customer help and full satisfaction, which requires only proficient and responsive approach from FatCow support team. As FatCow E-Commerce hosting providers can give you an uninterrupted 24/7 on-line presence, your on-line business will only benefit from it.

Your on-line product gross sales are undoubtedly going to achieve success with using the web promoting instruments provided by FatCow. These instruments include:

1. PayPal Shopping Cart Integration;
2. ShopSite On-line Retailer;
3. Accepting Online Credit score Card Payments;
4. Shared SSL;
5. PowerPay.

When you've gotten great software at your disposal (Gbook, Survey, Ballot, Counter Tools, and so forth,) wonderful programming companies (Script Library, MySQL Databases, Python, CGI Listing, PHP 4 and 5 Assist), associates and partnerships program (Referral & Reseller Programs) and first-class platforms (Multi-GB Connections, Load-Balanced Platform, 24/7 Facility Monitoring and so forth) it is extremely easy to supply E-Commerce services.

Total, E-Commerce from FatCow affords you first-class services together with reasonably priced packages and plans that will be of great assist of turning your online business into an important and lucrative presence on the market.

Friday, July 20, 2012

Why Are Asian Women Looking For Husbands Overseas

There are thousands and even millions of Asian Women Looking For Husbands Overseas today. In other words, online dating sites are the bridge that help them to find foreign men in the West. Why are these Asian girls interested in looking for men overseas? Finance and respects are two things. Having lived in the United States for over 20 years, I have some experience about why mixed relationships and marriages between American men and Asian women. I have lived in Asia for a long time so I gained some experience about the culture. I gotta say that single Asian women looking for husbands overseas make the right choice. Whether they choose Asian men or Western men to marry with, they are on the right track. Go for it, girls. You will obtain your dream.

When I still lived in Asia, I have seen many couples argue every day. Most of the time, the husbands keep hitting the wives. So, domestic violence happens in such couples. It happens every day. However, I have not seen any such violence in America, where I live. The husband treats his wife with respects. The wife loves her husband more and more by the way he treats her in a good manner. So, you know what? This is the modern way of living in America that thousands of Asian women dream of. In fact, every girl dreams of getting married with a guy who respects and loves her in such the same way she does for him. So, Asian women looking for men overseas are making the right decisions. Men in the West treat their ladies in better manner.

Another reason that Asian women looking for men in the West for marriage is the secured finance. I have seen many couples in Asia where I have lived, argued with each other because of unsecured finance. They don't have much money. In other words, they don't have a chance to work and make money. Some developing countries in Asia don't provide opportunities for people to work. They can't take care of their family. Most of the cases, they lack of money in raising their children. The husband gets bored and go out drinking with his friends. The wife stays home and take care of the kids. Life is not fun. When the drunk husband comes home, she won't dare to say anything. If she says something that upsets him, he will hit her. That's it.

So, why don't they look for the husband overseas? They can come to the west to work and make more money. I saw two Filipino brides in my neighborhood migrated here by getting married with their Filipino husbands. One girl who came her for only 3 years, she changed her life. She can drive a car and live in a house with enough conditions that she never dreamed of before. Another girl looked like a country-side girl 4 years ago, now she is like a city girl.

So, if you are one of single Asian women out there and dream to change your life, then you should go online to find a husband oversea. You will make your dream comes true. Be patient and keeps looking for the right guy, you will find him someday. Stick with your dream. There are thousands of foreign men looking for Asian women online, you can find Mr. Right soon.

Thursday, July 19, 2012

Top 5 Reasons To Invest In Property

People who make the right decision in investing money stand to earn high rewards for taking such a calculated risk. However, this decision should be made only after doing a thorough search on the various prospects in the diversified field of financial investment.

Investing in property is one of the surest ways to reap rich benefits out of your investment. Here are the top five reasons explaining why you should invest in property.

1. Property prices are always on the rise, and investing in a property which you can lease out, ensures an immediate return from your investment. This provides you with peace of mind and a sense of security. As the property appreciates, you can also earn more on the rent. In case you want to buy another property, you don't need to sell the existing one you have the option to release equity relating to the property and still retain your ownership.

2. Investing in property enables you to have direct control over the ownership and for rental purpose, you have the option to increase the rental income without having to consult others or take permission from anybody. This differs to shares, where the dividend is not in your hand. Investing in property also allows you to insure your property against any damage or loss of rental income. Buy-to-let investors are able to protect themselves from any financial loss arising out of any damage caused by tenants, through Landlord Insurance.

3. You do not need any expertise or vast experience when you invest in property. Every common person can do it, especially when there are so many sources to gather information about market trends which relate to your property. To make the most out of your investment in property, you can increase your return on your investment by buying a property which needs a thorough renovation. On bargaining, you will be able to purchase the property at a cheap price and after renovation work, you are able to sell off at a much higher price. This can cause you to earn more on your investment in property.

4. Investing in properties provides you with the advantage to use leverage by mortgaging the property and borrowing up to 80% of the property valuation. In the case of stocks, you will get a maximum of 50% on the value of the shares. You get a distinct advantage over other forms of investment, with no risk being taken. Fluctuations in the prices of properties are a slow process, where you find enough time to safeguard yourself from any downfall in the property value. Generally the cycle is slow, which makes properties less volatile in the market compared to shares which may have a steep downfall involving heavy losses.

5. The tangibility of a property is the main advantage of the investor, where the person is able to see and touch the property. Moreover, in the case of urgent requirements of money, the property can either be sold or mortgaged within a short time. In the case of shares, you will find it difficult to transfer your shares, especially when they are dipping. You are able to invest in properties according to your budget. If you have a big budget, you can go for premium properties which will give you higher returns within a short span of time. In the case of a small budget, you can choose from various categories of property. This is not the case in stocks, as there is a binding as to the minimum number of shares you have to buy. Investment in properties at residential places which are developing provides you with the advantage to reap rich benefits once the area is fully developed and the basic amenities are provided. You can also buy a property in such a place where there are future plans for providing large scale public utility services. In such cases, your property suddenly receives appreciation in valuation.

Investing in property is a wise move which involves minimum risk with possibilities of maximum returns. Select the right real estate agent to make your investment and gain high returns.

Wednesday, July 18, 2012

Benefits of Asset Finance- The Reason Behind its Popularity

Asset finance is a sort of financial arrangement with the help of which one can purchase any business related equipment be it new and used cars, machinery or office equipment. As the loan can be arranged easily, many business firms take the asset finance route to expand their business infrastructure and this is adding to its growing popularity as an affordable finance solution.

Here are some major benefits associated with asset finance:

Helps in saving working capital

Buying equipment outright needs a huge amount of capital investment that at times prevents the business owner from investing in other projects. But with smaller, frequent lease payments, one can save some much needed cash and invest it in other areas of the business. It helps a company to adapt quickly to new business opportunities and meet unexpected requirements.

Helps in responding to opportunities

To take advantage of sudden unexpected opportunities, one needs money. And especially businesses are almost always in need of easy finance solutions to keep pace with latest technological developments. Timely response to the changing needs of the business holds the key to success. Asset finance is one of the quicker solutions that can be arranged in relatively shorter time.

Helps in managing the budget

Asset finance allows one to make regular fixed payments for a particular period of time leaving one comparatively free from inflation worries or changes in interest rates. Hence, it becomes easier for a business firm to plan its future budgeting.

Helps in maintaining existing credits

With asset finance, there would not be any problem in maintaining other existing credit lines arranged with a bank or other financial institutions. Hence, if necessary, a business firm is free to use other bank facilities any time.

Has a flexible nature

Under each and every asset finance agreement, a lot of meticulous attention is given to the lender's requirements. Most of these finance solutions are tailor made to ensure that the future targets of the business can be achieved as planned.

No need for any deposit

For arranging an asset finance loan, there is no hard and fast rule for a deposit. The borrower just needs to make regular payments to repay the loan as per the terms of the agreement.

Maximum tax benefits

As the lease payments are referred to as expenses, it means the payments may be offset against taxable profits. It ultimately helps in reducing the overall cost. Moreover, the untaxed portion can be used in a profitable manner.

Payments as per the lender's convenience

For the repayment of an assent finance loan, the lender has the flexibility to choose the repayment option. While payments can be made through direct debit, there are also provisions to choose the period - monthly or quarterly. One can decide the right option depending upon their financial conditions.

These positive factors do make it seem as if asset finance is the best solution whenever your business is in need of fast cash. But before applying for asset finance, it is advisable to understand all its pros and cons.

Rather than taking the plunge without adequate homework, it is advisable to take the help of some consulting company which is networked with the top lenders and can help you to get competitive and tailored asset financial solutions to suit your business requirements.

Friday, July 13, 2012

Financial Analyst Resume

Financial analyst resume in format and presentation is nothing different from any other resume. Scroll down to know more about this resume.

In the rat race to excel in the professional field these days, aspiring professionals do not leave a single stone unturned. One of the umpteen ways in which aspiring and ambitious candidates try and woo the employers is through the resumes. A well-crafted resume not only speaks volumes of your personality on the whole, but also portrays your strengths effectively. That is the crux of a resume, be it an architect, a marketing manager or a financial analyst. Talking of financial analyst, it is one of the hot jobs up for grabs in the career market. Why not then take a look at what a financial analyst resume writing is all about? Coming up is the text on the same!

What Does a Financial Analyst Do?
A financial analyst, simply put does an assessment and scrutiny of the profitability and stability of a business, or a project or even a sub business. This analysis can be done for inhouse clients or external clients by the financial analyst. 'Sell-side' analyst job is all about writing reports and notes giving opinions, while 'buy-side' does not need this. Financial analysts see the big picture and help a great deal in financial management.

Financial Analyst Resume Summary
The fact that you need to give your financial analyst skill sets, strengths and qualification and experience at a glance before the actual resume starts does not need to be told. It is absolutely inevitable. So if you are a financial analyst, with a good enough experience, may be you can write (if you have the qualifications) - Chief financial officer with 12 years of corporate accounting and management experience. Have an expertise in accounting systems development, financial reporting and fiscal management. Have developed and implemented financial and operational control which can improve Profit & Loss account. This has to be proved by record. Along with the resume attach the requisite documents.

Financial Analyst Resume Objective
The resume objective and the purpose may differ from one individual to another. But on the whole a financial analyst resume objective has to reflect clearly your career and professional aims and aspirations. For instance, the objective can be something like - To obtain a responsible and challenging position with a growing company where my work experience will be duly applied and appreciated, utilization of my opportunity for advancement will also be achieved. These two aspects are very very crucial, be it a financial analyst resume or even otherwise. These things may undergo a bit of change and will be altered in case it is, let us say a senior financial analyst resume. A senior financial analyst's resume will look pretty heavy duty, with a detailed description of job profile - reports handled, financial statements reviewed, contribution in financial planning and so on and a summary which will not be so short! On the other hand entry level financial analyst resume will have lesser job experience and less of things or rather achievements and major objectives to talk about.

Financial Analyst Resume Templates
The above factors are isolated now, let us take a look at what a financial analyst resume will need to have. In short what is included in a financial analyst resume template. These things are -
1. Contact information with full name, campus and permanent address, telephone numbers and email.
2. Career objective
3. Summary of qualifications and experience
4. Area of expertise
5. Achievements and accomplishments
6. Educational qualification and background
A financial analyst needs to have graduate level training in finance such as MSF or MBA degrees, or they are qualified accountants (that is CMA,CCA, ACCA, CGA or CA designation). Experience in the industry is most of the times preferred and that has a major impact on financial analyst salary.

This was about financial analyst resume or if you want to give it a more sophisticated, designation, you can say financial business analyst resume! At the end of the day it is all about your work experience and the career objective! All the best! I sign off here!

Wednesday, July 11, 2012

Financial Modeling: Investment Property Model

Building financial models is an art. The only way to improve your craft is to build a variety of financial models across a number of industries. Let's try a model for an investment that is not beyond the reach of most individuals - an investment property.

Before we jump into building a financial model, we should ask ourselves what drives the business that we are exploring. The answer will have significant implications for how we construct the model.

Who Will Use It?

Who will be using this model and what will they be using it for? A company may have a new product for which they need to calculate an optimal price. Or an investor may want to map out a project to see what kind of investment return he or she can expect.

Depending on these scenarios, the end result of what the model will calculate may be very different. Unless you know exactly what decision the user of your model needs to make, you may find yourself starting over several times until you find an approach that uses the right inputs to find the appropriate outputs.

On to Real Estate

In our scenario, we want to find out what kind of financial return we can expect from an investment property given certain information about the investment. This information would include variables such as the purchase price, rate of appreciation, the price at which we can rent it out, the financing terms available fore the property, etc.

Our return on this investment will be driven by two primary factors: our rental income and the appreciation of the property value. Therefore, we should begin by forecasting rental income and the appreciation of the property in consideration.

Once we have built out that portion of the model, we can use the information we have calculated to figure out how we will finance the purchase of the property and what financial expenses we can expect to incur as a result.

Next we tackle the property management expenses. We will need to use the property value that we forecasted in order to be able to calculate property taxes, so it is important that we build the model in a certain order.

With these projections in place, we can begin to piece together the income statement and the balance sheet. As we put these in place, we may spot items that we haven't yet calculated and we may have to go back and add them in the appropriate places.

Finally, we can use these financials to project the cash flow to the investor and calculate our return on investment.

Laying Out the Model

We should also think about how we want to lay it out so we keep our workspace clean. In Excel, one of the best ways to organize financial models is to separate certain sections of the model on different worksheets.

We can give each tab a name that describes the information contained in it. This way, other users of the model can better understand where data is calculated in the model and how it flows.

In our investment property model, let's use four tabs: property, financing, expenses and financials. Property, financing and expenses will be the tabs on which we input assumption and make projections for our model. The financials tab will be our results page where we will display the output of our model in a way that's easily understood.

Forecasting Revenues

Let's start with the property tab by renaming the tab "Property" and adding this title in cell A1 of the worksheet. By taking care of some of these formatting issuing on the front end, we'll have an easier time keeping the model clean.

Next, let's set up our assumptions box. A few rows below the title, type "Assumptions" and make a vertical list of the following inputs:

Purchase Price
Initial Monthly Rent
Occupancy Rate
Annual Appreciation
Annual Rent Increase
Broker Fee
Investment Period

In the cells to the right of each input label, we'll set up an input field by adding a realistic placeholder for each value. We will format each of these values to be blue in color. This is a common modeling convention to indicate that these are input values. This formatting will make it easier for us and others to understand how the model flows. Here are some corresponding values to start with:

0,000.00
,550.00
95.00%
3.50%
1.00%
6.00%
4 years

The purchase price will be the price we expect to pay for a particular property. The initial monthly rent will be the price for which we expect to rent out the property. The occupancy rate will measure how well we keep the property rented out (95% occupancy will mean that there will only be about 18 days that the property will go un-rented between tenants each year).

Annual appreciation will determine the rate that the value of our property increases (or decreases) each year. Annual rent increase will determine how much we will increase the rent each year. The broker fee measures what percentage of the sale price of the property we will have to pay a broker when we sell the property.

The investment period is how long we will hold the property for before we sell it. Now that we have a good set of property assumptions down, we can begin to make calculations based on these assumptions.

A Note on Time Periods

There are many ways to begin forecasting out values across time. You could project financials monthly, quarterly, annually or some combination of the three. For most models, you should consider forecasting the financials monthly during the first couple years.

By doing so, you allow users of the model to see some of the cyclicality of the business (if there is any). It also allows you to spot certain problems with the business model that may not show up in annual projections (such as cash balance deficiencies). After the first couple of years, you can then forecast the financials on an annual basis.

For our purposes, annual projections will cut down on the complexity of the model. One side effect of this choice is that when we begin amortizing mortgages later, we will wind up incurring more interest expense than we would if we were making monthly principal payments (which is what happens in reality).

Another modeling choice you may want to consider is whether to use actual date headings for your projection columns (12/31/2010, 12/31/2011,...). Doing so can help with performing more complex function later, but again, for our purposes, we will simply use 1, 2, 3, etc. to measure out our years. In Excel, we can play with the formatting of these numbers a bit to read:

Year 1 Year 2 Year 3 Year 4...

These numbers should be entered below our assumptions box with the first year starting in at least column B. We will carry these values out to year ten. Projections made beyond ten years do not have much credibility so most financial models do not exceed ten years.

On to the Projections

Now that we have set up our time labels on the "Property" worksheet, we are ready to begin our projections. Here are the initial values we want to project for the next ten years in our model:

Property Value
Annual Rent
Property Sale
Broker Fee
Mortgage Bal.
Equity Line Bal.
Net Proceeds
Owned Property Value

Add these line items in column A just below and to the left of where we added the year labels.

The property value line will simply project the value of the property over time. The value in year one will be equal to our purchase price assumption and the formula for it will simply reference that assumption. The formula for each year to the right of the first year will be as follows:

=B14*(1+$ B)

Where B14 is the cell directly to the left of the year in which we are currently calculating the property value and $ B is an absolute reference to our "Annual Appreciation" assumption. This formula can be dragged across the row to calculate the remaining years for the property value.

The annual rent line will calculate the annual rental income from the property each year. The formula for the first year appears as follows:

=IF(B12>=$ B,0,B5*12*$ B)

B12 should be the "1" in the year labels we created. $ B should be an absolute reference to our investment period assumption (the data in our assumption cell should be an integer even if it is formatted to read "years," otherwise the formula will not work). B5 should be a reference to our monthly rent assumption, and $ B should be an absolute reference to the occupancy rate.

What this function says is that if our investment period is less than the year in which this value is to be calculated, then the result must be zero (we will no longer own the property after it is sold, so we can't collect rent). Otherwise, the formula will calculate the annual rent, which is the monthly rent multiplied by twelve and then multiplied by the occupancy rate.

For subsequent years, the formula will look similar to:

=IF(C12>=$ B,0,B16*(1+$ B))

Again, if the investment period is less than the year in which this value is to be calculated, then the result will be zero. Otherwise we simply take the value of last years rental income and increase it by our annual rent increase assumption in cell $ B.

Time to Exit

Now that we have forecasted property values and rental income, we can now forecast the proceeds from the eventual sale of the property. In order to calculate the net proceeds from the sale of our property, we will need to forecast the values mentioned above: property sale price, broker fee, mortgage balance and equity line balance.

The formula for forecasting the sale price is as follows:

=IF(B12=$ B,B14,0)

This formula states that if the current year (B12) is equal to our investment period ($ B) then our sale price will be equal to our projected property value in that particular year (B14). Otherwise, if the year is not the year we're planning to sell the property, then there is no sale and the sale price is zero.

The formula to calculate broker fees takes a similar approach:

=IF(B18=0,0,B18*$ B)

This formula states that if the sale price for a particular year (B18) is equal to zero, then broker fees are zero. If there's no sale, there's no broker fees. If there is a sale then broker fees are equal to the sale price (B18) multiplied by our assumption for broker fees ($ B).

Our mortgage balance and our equity line balance we will calculate on the next worksheet, so for now we will leave two blank lines as placeholders for these values. Our net proceeds from the property sale will simply be the sale price less broker fees less the mortgage balance, less the home equity line balance.

Let's add one more line called "Owned Property Value." This line will show the value of the property we own, so it will reflect a value of zero once we have sold it. The formula will simply be:

=IF(B12>=$ B,0,B14)

B12 refers to the current year in our year label row. $ B refers to our investment period assumption, and B14 refers to the current years value in the property value line we calculated. All this line does is represent our property value line, but it will show zero for the property value after we sell the property.

On to the Financing

Now let's model how we will finance the property acquisition. Let's name a new tab "Financing" and add the title "Financing" at the top of the worksheet. The first thing we need to know is how much we need to finance.

To start, let's type "Purchase Price" a few lines below the title. To the right of this cell make a reference to our purchase price assumption from the "Property" tab (=Property!B4). We will format the text of this cell to be green because we are linking to information on a different worksheet. Formatting text in green is a common financial modeling convention to help keep track of where information is flowing from.

Below this line, let's type "Working Capital." To the right of this cell, let's enter an assumption of ,000.00 (formatted in blue text to indicate an input). Our working capital assumption represents additional capital we think we'll need in order to cover the day-to-day management of the investment property. We may have certain expenses that aren't fully covered by our rental income and our working capital will help make sure we don't run into cash flow problems.

Below the working capital line, let's type "Total Capital Needed" and to the right of this cell sum the values of our purchase price and working capital assumption. This sum will be the total amount of capital we will need to raise.

Capital Sources

A couple lines below our "Total Capital Needed," let's create a capital sources box. This box will have six columns with the headings: source, amount, % purchase price, rate, term and annual payment. Two typical sources of capital for acquiring a property are a mortgage and an equity line of credit (or loan). Our final source of capital (for this model anyway) will be our own cash or equity.

In the sources column, let's add "First Mortgage," "Equity Line of Credit," and "Equity" in the three cells below our sources heading. For a typical mortgage, a bank will usually lend up to 80% of the value of the property on a first mortgage, so let's enter 80% in the line for the first mortgage under the % purchase price heading (again, formatted in blue to indicate an input value).

We can now calculate the amount of our first mortgage in the amount column with the following formula:

=B5*C11

B5 is a reference to our purchase price and C11 is a reference to our % purchase price assumption.

In the current market, banks are reluctant to offer equity lines of credit if there is less than 25% equity invested in the property, but let's pretend that they are willing to lend a bit. Let's assume that they will lend us another 5% of the property value in the form of an equity line. Enter 5% (in blue) in the equity line of credit line under the % purchase price heading.

We can use a similar formula to calculate the equity line amount in the amount column:

=B5*C12

Now that we have the amount of bank financing available for our purchase, we can calculate how much equity we will need. Under the amount heading in the row for equity, enter the following formula:

=B7-B11-B12

B7 is our total financing needed. B11 is the financing available from the first mortgage and B12 is the financing available from the equity line of credit. Again, we're assuming that we'll have to cough up the cash for anything we cannot finance through the bank.

The Cost of Capital

Now let's figure out what this financing is going to cost us. For interests rates, let's assume 5% on the first mortgage and 7% on the equity line. Enter both of these values in blue in our rate column. For terms, a typical mortgage is 30 years and an equity line might be 10 years. Let's enter those values in blue under the term heading.

The annual payment column will be a calculation of the annual payment we will have to make to fully pay off each loan by the end of its term inclusive of interest. We will use an Excel function to do this:

=-PMT(D11,E11,B11,0)

The PMT function will give us the value of the fixed payment we will make given a certain rate (D11), a certain number of periods (E11), a present value (B11) and a future value (which we want to be zero in order to fully repay the loan). We can then use the same formula in the cell below to calculate the payment for the equity line.

Now we're ready to map out our projections. Let's start by copying column headings from the property tab (Year 1, Year 2, etc.) and paste them on the finance tab below our capital sources box. Let's also pull the owned property value line from the property tab (marking the values in green to show that they come from a different sheet).

Now let's forecast some balances related to our first mortgage. Let's label this section of the worksheet "First Mortgage" and below it add the following line items in the first column:

Beginning Balance
Interest PMT
Principal PMT
Ending Balance

Post Sale Balance

For year one of our beginning balance, we will just reference our first mortgage amount (=B11). For years two and later, we will simply reference the previous years ending balance (=B25).

To calculate the interest payment for each year, we simply multiply the beginning balance by our assumed interest rate (=B22*$ D). B22 would be the current year's beginning balance and $ D would be our assumed interest rate.

To calculate each year's principal payment, we simply subtract the current year's interest payment from our annual payment (=$ F-B23). $ F is the annual payment we calculated before, and B23 is the current year's interest payment.

Our ending balance is simply our beginning balance minus our principal payment (=B22-B24).

Finally, our post sale balance is simply our ending balance for each year or zero if we have already sold the property (=IF(B19=0,0,B25)). This line will make it easy for us to represent our debt when we go to construct our balance sheet later on.

We now repeat the same lines and calculations for projecting our equity line of credit balances. Once we are done with these two sources, we have completed our financing worksheet.

Taking a Step Back

We can now drop in our mortgage and equity line balances back on the property tab in order to calculate our net proceeds. For the mortgage balance we use the formula:

=IF(B18=0,0,Financing!B22)

B18 refers to the current year's property sale value. If the value is zero, then we want the mortgage balance to be zero, because we are not selling the property in that particular year and don't need to show a mortgage balance. If the value is not zero, then we want to show the mortgage balance for that particular year which can be found on the financing tab (Financing!B22).

We use the same formula for calculating the equity line balance.

On to Expenses

Let's label our expenses tab "Expenses" and add the same title to the top of the worksheet. This worksheet will be simple and straightforward. First, let's create an assumptions table with the following input labels:

Tax Rate
Annual Home Repairs
Annual Rental Broker Fees
Other Expenses
Inflation

Next to each of these cells, let's enter the following assumption values in blue:

1.10%
0.00
0.00
.00
1.50%

Each of these assumptions represents some component of the ongoing costs of managing a property. Below our assumptions box, let's again paste our year headings from one of our other worksheets (Year 1, Year 2, etc.).

Let's drop in a line that shows our owned property value that we calculated earlier and format these values in green. We will need these values in order to calculate our tax expense, so it'll be easier to have it on the same worksheet.

Below this line, let's add a few line items that we'll be forecasting:

Home Repairs
Rental Broker Fees
Other Expenses

Taxes

Our first year of home repairs will simply be equal to our annual assumption (=B5). For subsequent years, though, we will need to check to see if we still own the property. If not, our cost will be zero. If so, we want to grow our home repairs expense by the inflation rate. Here's what the function for subsequent years should look like:

=IF(C=0,0,B15*(1+$ B))

In this case, C is the current year's property value, B15 is the previous year's home repair expense, and $ B refers to the inflation rate. For rental broker fees and other expenses, we can use the same methodology to forecast these expenses.

For taxes, we will need to use a different calculation. Property taxes hinge on the value of the property, which is why we have used a percentage to represent the tax assumption. Our formula to calculate taxes will be as follows:

=B13*$ B

Since our taxes will be zero when our property value is zero, we can simply multiply our property value (B13) by our assumed tax rate ($ B). And now we have forecasted our expenses.

Putting It All Together

Now comes the fun part. We need to put all of our projections into presentable financial statements. Since this will be the part of the model that gets passed around, we'll want to make it especially clean and well formatted.

Let's label the tab "Financials" and enter the same title at the top of the worksheet. A couple lines below, we'll start our balance sheet by adding a "Balance Sheet" label in the first column. Just below this line, we'll drop in our standard year headings, only this time we want to include a Year 0 before the Year 1 column.

Along the left side of the worksheet just below the year headings, we'll layout the balance sheet as follows:

Cash
Property

Total Assets

First Mortgage
Equity Line of Credit
Total Debt

Paid-In Capital
Retained Earnings
Total Equity

Total Liabilities & Equity

Check

Our cash value in year zero will be equal to the amount of equity we plan to invest, so we will reference our equity value from the finance worksheet (=Financing!B13) and format the value in green.

Property, first mortgage, equity line and retained earnings will all be zero in year zero because we haven't invested anything yet. We can go ahead and add in the formulas for total assets (cash plus property), total debt (first mortgage plus equity line), total equity (paid-in capital plus retained earnings) and total liabilities and equity (total debt plus total equity). These formulas will remain the same for all years of the balance sheet.

For the year zero balance for paid-in capital, we'll use the same formula as cash for year zero (=Financing!B13).

Returning to cash, we will use this line as our plug for the balance sheet since cash is the most liquid item on the balance sheet. To make cash a plug, we make cash equal to total liabilities and equity minus property. This should ensure that the balance sheet always balances. We still need to watch to see if our cash is ever negative, which could present a problem.

On a balance sheet, property is usually represented at its historical value (our purchase price), so we will use the following formula to show our property value and format it in green:

=IF(C5>=Property!$ B,0,Property!$ B)

C5 represents the current year. Property!$ B is a reference to our investment period assumption and $ B is a reference to the purchase price. The value of the property will be either zero (after we have sold it) or equal to our purchase price.

Our first mortgage and equity line balances we can simply pull from the post sale balance on the finance tab. We format each line in green to show that it is being pulled from another worksheet.

Paid-in capital, will be equal to either our original investment (since we won't be making additional investments) or zero after we have sold the property. The formula is as follows:

=IF(C5>=Property!$ B,0,$ B)

C5 represents the current year. Property!$ B is a reference to our investment period assumption and $ B is a reference to the year zero value of our paid-in capital.

We will have to skip the retained earnings line until after we have projected our income statement as it hinges on net income.

The check line is a quick way of telling if your balance sheet is in balance. It is simply equal to total assets minus total liabilities and equity. If the value is not equal to zero, then you know there's a problem. As an extra bell and whistle, You can use conditional formatting to highlight any problems.

Calculating the Bottom Line

Below the check line, let's set up our income statement in the same way we set up our balance sheet - with an "Income Statement" label followed by our year column headings. We will layout our income statement as follows:

Rental Income
Proceeds from Sale
Total Revenue

Home Repairs
Rental Broker Fees
Other Expenses
Total Operating Expenses

Operating Income

Interest Expense
Taxes

Net Income

Rental income, proceeds from sale, home repairs, rental broker fees, other expenses and taxes can simply be pulled from the other worksheets where we have calculated them (and formatted in green of course). Interest expense is simply the sum of the interest payments for both the first mortgage and the equity line on the financing tab.

The other line items are simple calculations. Total revenue is the sum of rental income and proceeds from sale. Total operating expenses is the sum of home repairs, rental broker fees and other expenses. Operating income is total revenue minus total operating expenses. Net income is operating income minus interest expense and taxes.

Now that we have our net income figure, we can jump back up to our retained earnings line in our balance sheet to finish that up. The formula for retained earnings starting in the first year and going forward should be as follows:

=IF(C5>=Property!$ B,0,B17+C43)

Again, the IF function looks at the current year (C5) and compares it to our investment period (Property!$ B). If it is greater than or equal to the investment period, then we have closed our our investment and the value is zero. Otherwise, the formula for retained earnings is the previous year's retained earnings balance (B17) plus the current year's net income.

And Now for Cash Flow

To answer our original question of what our return on this particular investment is going to be, we need to project the cash flow to the investor. To do so, let's create another section below the income statement called "Investment Cash Flow," which also has our year column headings. We'll also want to add the following lines:

Initial Investment
Net Income
Cash Flow

Our initial investment line will only have a value in the first year zero cell, and it will be equal to our paid in capital only negative (=-B16). Our initial cash flow is negative because we make the equity investment to finance the project.

The rest of our cash flow comes in the form of net income. Since we have the net proceeds from the sale of the property flowing through net income as well, we can simply set the net income line equal to net income from our income statement. To maximize our potential return, we will assume that net income is paid out each year rather than being retained (this could result in some negative cash balances, but for simplicity's sake, we'll make this assumption).

Cash flow is simply the sum of the initial investment and net income for each year. The result should be a negative cell followed by some negative or positive net income figures (depending on our model's assumptions). Now we're ready to calculate our return.

A couple lines below the cash flow line, we'll label a line "IRR" or internal rate of return. The internal rate of return is basically the discount rate at which your future cash flow is equal to your initial cash outflow. In other words, it's the discount rate that gives the project a present value of zero. The formula we will enter to the right of this label is as follows:

=IF(ISERROR(IRR(B51:L51)),"N/A",IRR(B51:L51))

We're adding some fancy formatting to the formula to make sure that if the IRR function can't calculate the return, it shows up as "N/A." The basic function for IRR will simply reference our cash flow cells (B51:L51).

We can now play around with our model inputs to see if our assumptions and our project make sense. If you have data from a similar project, you may want to input those values to see if your model closely follows the actual results of the project. This test will help you determine if your model is working properly.

Remember, a model is only as good as the assumptions you put into it, so even with a detailed working model of a project, you will still need to invest a lot of time researching appropriate assumptions.

This is just one example of a financial model. Other models may be more simple or much more detailed. In order to be a great modeler, you have to practice.

Tuesday, July 10, 2012

Home Loan Calculator - How Much Can You Borrow?

Getting different answers from different home loan lenders?
Home loan lenders use many factors to work out what you can afford to borrow. Each has their own policies, resulting in different answers. Below are some of the key criteria common to all lenders.

Income
Your income is the key to how much you can borrow. Your home loan lender will look at the amount of income you earn and also the type and regularity. Part-time earnings or overtime will be viewed more favourably if earned consistently over an extended time.

Your present expenses and debts
When reviewing your ability to repay a loan, home loan lenders want to know that you can also meet your other commitments, including credit cards and personal or car loans.
It may be wise to minimise or reduce your other loans and expenses before seeking home finance.
Also consider asking your lender how your maximum borrowing limit may change if you consolidate any debts with your home loan.
The lower your other loans and expenses, the more income you can allocate to home loan repayments - increasing the amount you can borrow.

What type of borrower are you?
To gauge what you can afford to pay, mortgage lenders consider the kind of work you do and the number of people linked to your application, including children and any other dependants.

Loan purpose
The amount you can borrow changes according to the purpose of your loan.
Property investors can often borrow more than owner occupiers with similar criteria this is because lenders calculate the benefits from negative gearing when doing the calculations.

Location and property type
Property prices do fluctuate and lenders will often limit the amount they will lend in certain areas and property types. It's wise to contact your lender if you plan to buy in a unique location like the inner city or an outlying regional area or are considering a property that is non-standard' in size or construction style.

Interest rate and loan term
The interest rate and loan period affect the amount you can borrow the higher the interest rate or the shorter the loan period, the higher your repayments. Your home loan lender may use a factored rate when doing your calculations. This is the standard rate plus a margin to ensure you can make payments in the event that rates rise.

Your deposit amount
This is a key factor in determining the amount you can borrow as it is linked to the loan-to-valuation ratio (LVR). A maximum 95% loan-to-valuation ratio is common, although 100% home loans, where no deposit is required, are also available from some lenders.
For a loan set at 95% of a property which is worth 0,000, you will need at least ,000 before costs. For a property worth 0,000, the minimum deposit rises to ,500.

The golden rule
As a rough guide, when taking out a home loan in Australia you can generally borrow between three and four times your total gross income, although it will vary on a case by case basis.

The first step is to obtain a home loan quote from your lender. This will help if you are going to auction or need to figure out how much to save, for your new home.

Sunday, July 8, 2012

Sandwich Generation Financial Considerations

There is a growing population of people who have found themselves caring for their aging parents while supporting their own children. They are called the "sandwich generation". Caught between the often conflicting demands of raising children and caring for aging parents or other relatives causes life for this generation to become increasingly stressful and hectic.

This is a phenomenon that the Canadian Government began to report on as far back as 2002 when Statistics Canada reported that almost 3 in 10 Canadians of those aged 45 to 64 had unmarried children under the age of 25 in the home, or some 712,000 individuals were also caring for a senior. More than 8 in 10 of these sandwiched individuals worked, causing some to reduce or shift their hours or to lose income.

Caring for an elderly person in many cases led to a change in work hours, refusal of a job offer, or a reduction in income. Some 15% of sandwiched workers had to reduce their hours, 20% had to change their schedules and 10% lost income. Also, 4 in 10 sandwiched workers incurred extra expenses such as renting medical equipment or purchasing cell phones.

The effects of providing care increased with time spent. For example, one-half of those spending more than eight hours per month, or the so-called "high-intensity caregivers" had to change their social activities. Over one-third had to change their work schedule. Sandwiched workers were more likely to feel generally stressed. About 70% of them reported stress, compared with about 61% of workers with no childcare or eldercare responsibilities.

In 2002, the Canadian Government estimated that the sandwich generation was likely to grow because of the aging of the baby boomers, lower fertility rates and the delay in family formation. These factors will result in older family members requiring care when children are still part of the household. This is exactly what has happened and TD bank recently reported in fact that our parents are staying alive longer than ever with the average life expectancy in Canada reaching 80 years old.

In addition to supporting their parents, TD reported that more parents are financially supporting adult children. High youth unemployment (currently at 14.7%, almost double the national rate) and increasing post-secondary education costs means many young people are relying financially on their parents until their late 20s. This can translate into higher than expected household expenses, including additional life insurance coverage to mitigate the loss of, or a disruption in, household income, and even an increase in home insurance coverage that may be needed for the extra valuables in the home.

If you are in the sandwich generation strong financial and insurance planning will be key to pulling through with your finances and personal mental health intact. Insurance has come a long way and there are more types of insurance coverage available than ever to help those with aging parents plan for their care. In addition, many of these insurance coverage's will also support your children in the event you suffer a major illness. Long term care insurance, disability insurance, critical illness insurance and life insurance can all be leveraged to plan and prepare for the future. Term insurance is often inexpensive. A good insurance broker can walk you through what is available through all of the insurers, the different rates and coverage's so that you have the right combination of insurance to support your parents and your children.

Saturday, July 7, 2012

Acquiring Capital For A Business

Beginning a new business is an extremely difficult venture. The amount of time, effort, work, and money it takes just to start up is a wonder to think about. There are several different things to think about, for example what type of company you are going to start? Are you going to hire employees or do the work yourself? What type of professional licenses are you going to have to have in order to start the venture you really want to start? While all of these questions are important, one of the most important questions to ask when thinking about establishing your own company is: Where will I get the money to make all this happen? There are many different sources for money to begin an enterprise. Some are using savings you may have accrued, acquiring a business loan, or having investors.

One source of capital to use for starting a business is if you have managed to save money. Many people go through life putting away amounts of unused or extra money in different savings accounts or other interest-bearing ventures. Using cash you have saved up as capital for your business is a great way to help stay out of debt. Many times, people that start a company on a shoe string or almost non-existent budget, they wind up going into a large amount of debt very quickly. Having a resource of money that is set aside in case of an emergency is a great way to be sure you have something to fall back on. This is the most ideal situation when starting your own business. If you have money saved that can be used as a resource for start up costs, this may be preferable to starting a line of credit or taking out loans.

If you aren't fortunate enough to have saved the money necessary to start your own business, the next best alternative may be to do what many other owners do: take out a business loan. This requires a lot more than one might thing. It is much easier to get a personal loan than it is to get a business loan. With a professional loan, you need to submit professional plans on how you will pay back the money and take other specified steps to satisfy the terms for the loan. If you can indeed receive a loan to start your endeavor, it will help you toward your ultimate goal of opening.

Another way to achieve the funds for starting your own company is to round up investors who would be willing to provide you with the means necessary. This sounds a lot easier said than done, but you would be surprised what amounts of money people are willing to put up for the introduction of a worthwhile service or product. Always be cautious about using investors, however, because once they become an investor, they are typically in partial ownership of the company you have begun with their money. Make sure things are laid out very clearly in the terms of the contract of such an alliance.

There are several ways to build a business from the ground up. One of the things you must think about is how you will get the capital for such a venture. By using money you have saved, acquiring a loan, or rounding up investors for your project, you can have the money required to get off to an off and running start for your new career.

Wednesday, July 4, 2012

FHA 203K Mortgage -A Great FHA Mortgage Loan To Rehabilitate A Home!

To comprehend exactly what a FHA 203K Mortgage is we should for starters have an understanding of exactly what a FHA mortgage loan is.

The FHA provides federal government assured mortgages to home purchasers that provides the lenders the assurance to loan money to individuals they might not typically grant a home loan to.

It's not to imply that you will be borrowing funds coming from the federal government neither is it to say that by applying for a FHA mortgage loan you might routinely be accepted.

However it is to say that you will be more probably to be accepted for a FHA mortgage loan than the usual conventional mortgage when you have average or substandard credit rating, such as a bankruptcy, as well as lower than 20% for a down payment. Presently the down payment requirement is 3.5% and that is significantly lower than conventional mortgages.

One of the best deals currently offered by FHA and HUD is the HUD 0 Down Payment Incentive Program. You can buy a HUD foreclosed home with only 0 down payment and if you want to you can still use the FHA 203K Mortgage to rehab it if needed.

Now that we can comprehend the fundamentals of the FHA mortgage loan, it is time to introduce the fact, besides what the regular FHA loan provides, that there are numerous additional FHA home loan programs which home purchasers may decide to take benefit.

These includes the traditional 30 year fixed rate mortgage loan, traditional 15 and 20 year mortgage loans and even many types of adjustable rate mortgages also. You may also get qualified for refinancing or taking out the home equity by way of a home equity loan through FHA programs also.

It appears, although, that probably the most favorite FHA home loan programs that exist is a FHA 203k Mortgage. These loans have the common features of standard FHA mortgages such as versatile credit, assumable mortgages, as well as lower down payment to name some. Yet, they will go one step more by making it simple to rehabilitate a home all in a single loan grouped together.

Having an FHA 203K Mortgage may help individuals who have to renovate their present homes by acquiring financing to do. Also, home buyers may use these mortgages to buy and rehabilitate a pre-existing house in another place.

This could help everybody involved from the neighborhood by making surrounding places better for all the people of the community, to the property owners themselves by permitting people to buy what might be their own dream house, and as well as offering the money for making your dream home possible.

All of this, plus under one mortgage package deal, in the current unpredictable real estate marketplace, taking benefit of FHA programs is certainly the strategy to use!

Considering the glut of foreclosures in the marketplace which includes HUD homes for sale that a number of them needs repairs, the FHA 203K Mortgage could be the solution to acquiring or rehab your own dream home at a discount cost!

FHA Loans Below 580 Credit Score

If you have a credit score below a 580 it might be extremely hard to get a FHA loan in this current lending market. But there are other options when it comes to getting government loan. Even though FHA will insure loans below a 580 credit score the secondary market that buys and sells mortgage paper has set the stage as to what will be bought and sold in this market.

When loans are bought and sold in the secondary market, investors watch a particular borrower's performance. If they notice a particular borrower is not performing well on the secondary market they pull the plug on financing that type of risky borrower. So it's essentially like watching your own stock portfolios performance. If that particular portfolio of yours is not dong well you stop investing your money in that stock. Mortgage loans work the same way.

Over the last 6 to 7 years FHA loans were being written for all types of borrowers including borrowers below a 580 credit score. Until now there was never a credit score requirement for FHA loans. Most banks are requiring a middle credit score of 580. There are exceptions to this rule. Some banks will allow a FHA loan to go through with a credit score below a 580 if the bank or mortgage company gets an automated approval. An automated approval is a piece of software that banks use that either says "yes" or "no". Let's assume you have a credit score of 578 and your loan file is ran through this software and it says 'yes", as long as that particular lender will allow a credit score below a 578 with a automated approval you are good to go.

Some banks have internal rules for loans they will approve as well. So just because you have a credit score below a 580 does not mean all hope is lost for an approval.

If you have a credit score below a 580 here are some factors that could possibly help to get an automated approval.
- Savings in the bank
- 401k, usually ,000 or more really helps
- Money for down payment
- Low income to debt ratios

These are some key factors that could possibly get you an automated approval with low credit scores.

If you have recently been denied for a mortgage loan, get a recent copy of your free credit report and start working on your credit. The higher your credit scores the better terms you will get anyways. Bad credit does not go away; it just lingers over your head like a dark cloud. What ever your situation is there is always a solution.

How Credit Metrics Improve The Scorecards

In a world where credit is the most readily available option to obtain financial resource whether it is for personal or business capital purposes, credit metric systems are very much useful. Also called credit scorecards, these systems use quantitative measurement indicators called credit metrics or credit risk metrics. The purpose of these systems is to identify the probability of an organization or individual to pay his obligation on time and to present a clear status of a customer's present and past credit standing. But how does credit risk metrics help lenders?

The process of obtaining historical data from a database of client records and corresponding load defaults is commonly called credit scoring. This observation is then processed, analyzed, and presented as a meaningful information. Based on the customer's historical data, the credit score system will then rank the client by order of credit risk but not necessarily pointing out the probability for default.

It may sound easy on the surface, but in reality though the process of measuring the credit riskiness of a borrower is an arduous and often challenging task to do. The reason behind is that credit risk is a tricky to model if it be compared with market risk. Primarily, there is a shortage of liquid market that contributes to the unfeasibility of pricing credit risk for a specific tenor or obligor. Secondly, the probabilities of true default are obtained ambiguously. In some cases, it can be determined through analysis of a default rate resulting from a process of subjective credit approval. And in other cases, true default probabilities can be drawn by assuming default rates according to the recorded historical experience.

The third reason why credit risk is hard to model is that there is a big challenge in measuring or observing the default correlations thus making it difficult to combine credit risk.

Credit risk metrics comes into play by minimizing these challenges. Among the most commonly used indicators in credit scorecards are capital adequacy, gross debt service, customer credit quality, customer perspective, and company perspective. All of these metrics focus on modeling credit risk rather than trying to find out if a client is worthy to be granted a credit.

Because of the emergence of these metrics, credit scorecards today have become smarter and more useful. There are now new approaches to measuring credit riskiness such as reduced form credit models, logistic regression, and hazard rate modeling. These approaches only differ in their database structures and their capacity to calculate the financial vale of the loan, provided that the risk level is known from the credit point of view.

The database of these systems is stored with every client detail, from defaulted loans to unpaid dues, which literally makes it easy for lenders to determine the products of macro-economic elements like stock prices, interest rates, and auto prices.

A credit risk scorecard is very simple to use. After the appropriate metrics are identified, the latest company accounts are then encoded. The system will then compute the financial ratios based on factors like stock turn, trade debtors, and net profit rate. Credit metrics indeed have helped improve the way lenders evaluate borrowers.

Tuesday, July 3, 2012

000-533 Ibm Security Siteprotector Systems V2.0 Sp8.1 Exam

In contrast to other IBM Certified Advanced Solutions Expert IBM certification exams, the IBM Security SiteProtector Systems V2.0 SP8.1 Exam is specially designed to gauge a candidate's knowledge when it comes to completing technical tasks such as 000-533 configuration and 000-533 maintenance of the active directory environment. The Windows Server 2008 Active, Director Exam will enable you to earn the amount of credit required towards becoming an MCTS IBM 000-533 Certified Technology Specialist.

The course which is also commonly IBM Certified Advanced Solutions Expert referred to as IBM 000-533 IBM Security SiteProtector Systems V2.0 SP8.1 Exam Exam can also enable you to earn enough credits to sit for MCITP IBM 000-533 Certified IT Professional (Enterprise Administrator). Excelling in the course enables you to be ready for numerous job positions, for example, technical support specialist, system administrator or IBM Lotus Sametime Technical Sales Mastery Test v1 Exam network administrator. This type of course IBM Certified Advanced Solutions Expert is suitable for IT students or 000-533 professionals in other IBM Certified Advanced Solutions Expert fields who would like to get a job in a complex ICT environment. These types of IT setups are usually found in medium to large businesses .

Course prerequisites

Unlike other 000-M64 exams administered by IBM Lotus Sametime Technical Sales Mastery Test v1 Exam, there are no particular conditions for enrolling for the IBM 000-533 IBM Security SiteProtector Systems V2.0 SP8.1 Exam Exam. Nevertheless, it is highly recommended that you gain at least one year of experience working in an ICT environment. In addition, persons 000-M64 registering for IBM 000-533 Certified Technology Specialist (MCTS) 000-533 certification course ought to have at least 12 months of IBM Lotus Sametime Technical Sales Mastery Test v1 Exam experience not only in implementing, but managing a network OS in an office environment 000-533 which comprises of, but not limited to 250 users, three geographical locations and three domain controllers.

IBM 000-533 Exam IBM Lotus Sametime Technical Sales Mastery Test v1 Exam Expectations

The IBM Security SiteProtector Systems V2.0 SP8.1 Exam is made up of multiple choice questions, build list and reorder, hot area as well as build a tree question. While sitting for the 000-533 exam, you may realize that some of the IBM Security SiteProtector Systems V2.0 SP8.1 Exam questions 000-M64 are adaptive. In addition, you may notice that there are couple of simulation questions tested. In comparison to IBM Lotus Sametime Technical Sales Mastery Test v1 Exam certification exams, you will not come across a case study like queries. In order to excel in the 000-533 exam, you need to score a minimum of 700 points out of a IBM Certified Advanced Solutions Expert possible 1000 points. To score at least 700 points, you need to attempt roughly 55 questions in not more than 120 minutes.
Getting Ready for the IBM 000-533 Exam

Prior to sitting for any 000-533 examination, you need to prepare in advance to guarantee success. The preparation 000-M64 process entails an understanding of the basics, and proper comprehension of the implementation process. Most IBM Certified Advanced Solutions Expert candidates registering for the 000-M64 IBM Lotus Sametime Technical Sales Mastery Test v1 Exam exam often find it challenging trying to collect the proper resources needed to excel in the exam as there are hundreds of study 000-M64 IBM Certified Advanced Solutions Expert materials accessible in the market. When searching for a study guide to assist you with IBM Certified Advanced Solutions Expert preparing for the IBM Lotus Sametime Technical Sales Mastery Test v1 Exam 000-533 Exam, look for a suitable study material which offers candidates with proper awareness of the hypotheses outlined in the exam. In addition, the study material ought to make it easy to understand the information.

Topics Covered

The following are the IBM Certified Advanced Solutions Expert different types of topics that are covered in the IBM Security SiteProtector Systems V2.0 SP8.1 Exam: Configuring forest and domains IBM Certified Advanced Solutions Expert, Configure backup and recovery and 000-M64 Configuring Additional Active Directory Server Roles.

Sunday, July 1, 2012

One Stop Electronics and Appliances Discount Codes: It's All About Buying The Best Camera At The Best Price

Before you buy a camera, do your homework. Check out any special offers online such as promos by reputable camera stores such as 1 Stop Electronics and Appliances promotional codes, read product reviews, ferret out opinions of both pros and hobbyists on message boards.

It may seem like a daunting task, but all this legwork is an important part of the buying process, especially if you're new to the digital camera scene or aren't updated with the current product offerings on the market because you haven't bought a camera recently.

If you're out of touch with the latest terms and technology, there's a danger that you could be swayed by fancy-sounding lingo and be roped into paying a lot more for equipment and features you don't need and won't use.

Before you set out on your data-gathering quest, though, you might want to set a budget. Determining how much you are willing to spend on an item will help you focus your search and help you avoid impulse purchases. Keep in mind, however, that there are many budgeting tools at your disposal, such as coupons and coupon codes available online. These tools are a must-have for any savvy shopper, as they make top-level items more affordable.

Also, remember that the most expensive camera is not always the best one for you. Manufacturers will always charge a little extra for additional megapixels or minor improvements from one model to another that you won't always appreciate or take advantage of.

Finding the best value for your money also requires that you begin your search in the right place. If you have a lead, such as a store recommended by a friend or an online store with such well-rated promotions such as 1 Stop Electronics and Appliances promotional codes, then your job is half-done. With a budget and a starting point, you are well on your way to finding your perfect camera match.

The next thing to figure out is what you plan to do with the camera. Will you be traveling and expect to take a lot of outdoor shots of breathtaking landscapes? Or do you plan to use it to capture the minute details of everyday life? Are you a blogger who needs to have pictures of inanimate objects such as plates of food, or are you a parent or pet owner who plans to take portraits as well as action shots? Even if you never plan to go pro, it's still a good idea to know what to look for and what you're getting while you shop for a digital camera.

Knowing what you expect to be shooting most of the time will let you further narrow the list of specifications that are most important to you. For instance, a parent with a toddler will want to have faster shutter speeds to capture action shots, a more adjustable ISO for indoor shots, and less recovery time and an easy to use camera to computer interface for sharing the adorable pictures online with family and friends.

Finally, while it's true that great pictures come from great vision more than a great camera, it still helps to get a head start by getting the best equipment possible.