Finance

Mar
17

Steps To Get Mortgage for Your Dream House

Posted by Admin at 4:27 am

Owing a house is always a long cherished dream of every inspired individual. So, if you are planning to buy a home in the near future, you need to avail right mortgage for you. Here go simple but very valuable steps….

(a) The initial step is to order your credit report to major credit reporting agencies working in your country.

(b) Credit report is very important as it will decide the amount you will get as loans.

(c) Credit report imitates your professionalism in paying the amount. How ‘on time’ you are with your EMI. It also shows the detail of amount you have to pay for the other loans, if you are carrying any.

(d) A good stand with your credit signifies assured service and your loan gets easily approved.

(e) While submitting the credit reports, ensure that its error free. A silly mistake can cost you thousands of bucks.

(f) Before seeking any mortgage you should go through the market because the rate of mortgage keeps on fluctuating

(g) After proper examination of the market you are ready to go for loan. Now select which mortgage is best for you. You can choose from government and non -government loans.

(h) Finally decide how much you are paying down payment. With what amount you are comfortable as EMI. The years it will take to pay back and your income stability in the mean years.

(i) Fulfill your dream, construct or buy home of your vision.

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Mar
15

How to Develop Skills of Personal and Financial Plannings

Posted by Admin at 1:53 pm

Planning is always for one’s own good. You, yourself are responsible for personal financial planning and investment. The success rate of the investment totally depends on your thoughtful skill and envision.

Entrusting any decision related to investment motivated by professional advisers may attract severe financial risk. So it is always better to go for adequate personal knowledge, control and better understanding to minimize the risk of investment.


Individual personally should read the offer page document to understand the risk of the investment. Any carelessness from the investor side may indulge him in  dreadful challenges for definitive success. this situation arises due to lack of financial planning and knowledge.

However a genuine investor can argue with me on the point, ‘how to gain knowledge’? And I have still not a very strong point to defend myself. The information coming out of investment industry is not very appropriate and also lacks detail. Electronic media and different financial news channel and internet have tried to disseminate information and it has been successful to some extent.

Still you have to be very careful as investing money is not buying it is actually earning, so earn for your own good.

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Mar
05

Tax Benefits Of An Annuity

Posted by Admin at 9:48 am

After two posts on annuity, I am with the third one. In the first two I have discussed on different form of annuity, now I will talk about other economical benefit of annuity. The first one is tax rebate.

The amount you make a payment to an annuity has already been taxed, so you need not to pay any extra taxes on the invested amount. But off- course you will have to pay the tax if it come under tax limit when you start getting payment. Gains are taxed as regular income, while annuitization is treated favorably.

Now comes, the amount which you can choose for premium. It totally depends upon your earning and your comfort. There is no such limit for the amount. You can go for the amount you can afford. So invest accordingly and enjoy the tax benefits.

What’s running in your mind, o…oo planning to increase the annuity value. It is a good idea carry on.

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Mar
04

Deferred And Immediate Annuity Comparable Studies

Posted by Admin at 10:37 am

In my previous post I have talked about annuity, its functionality, how is it helping the retired senior citizen of the society.

I have also tried to give a basic introduction on fixed and variable form of annuity. In my today’s post I will discuss on two other form of annuity i.e. Deferred annuity and Immediate annuity.

Deferred annuities are for those people who had enough fiscal mobility and can stand without payment for years or two. In the meantime the amount you have invested get reaper in term of interest.

So, if you are among those who can resist year or three after retirement without any investment, deferred annuity is perfect for you.

Immediate annuity as the name suggests allows you immediate payment of annuity, you need not have to wait. If you are looking for same status and earning even after retirement Immediate annuity is ideal for you.

I think I have made my point, in my next write up I will try to look on other economical benefits of annuity and how it can save your tax.

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Mar
02

Annuity Investment: Helping You In Your Old-Age

Posted by Admin at 4:18 am

Welcome readers today I will make you know about Annuities. It is gaining a lot of popularity, and especially among those sections of people who are about to retire or planning a retirement in the near future.

So, at first I would like to define what actually annuity is, so that my young reader doesn’t get confused with the term. ‘Annuity is a kind of insurance which allows customers to receive periodic or intermittent payments for a sure amount on the basic of time and money you have invested’.

So the amount you will get monthly after retirement will be based on the premium you invested in the job years of life. To give you a clearer view I will provide you a comparable study on different Annuity levels.

Fixed vs. Variable Annuity

The first one is Fixed and variable annuity. Fixed annuity offers you monthly payment option. The insurance company in which you are investing will give you fixed interest rate. On this interest rate your annuity will grow.

And if you go for variable annuity, there are chances of variation in payment .The rate of the interest depends upon annuity investment you are making.

The investment preferences afforded by variable annuities permit you to spend in sub accounts, these sub accounts are something like mutual fund accounts but are  but are contained between annuities. so it is always suggested to choose annuity according to your own preferences.

In my next blogs I will discuss about Deferred and Immediate annuity and will focus on Tax benefits of Annuity. Enjoy reading By by.

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