Tuesday, October 30, 2012

Interest Only Loan Rate

Interest only (IO) loans are loans that provide the option to pay just the interest on a loan for an initial period of repayment, say 5 years or 10 years. It also gives the choice of paying the interest plus as much principal as you want. The main advantage of this loan is the low interest you pay each month even though the interest rate is the same as that on conventional loans. IO loans also help to control the monthly payment and cash flow each month. After the initial period, the repayments are raised to fully amortized levels. These loans allow for a large principle prepayment if desired.

Interest only loans can be fixed-rate mortgages (FRM) or adjustable-rate mortgages (ARM). Though it is generally felt that interest only loans have lower interest rates, this is not true. In fact, they may have higher rates, because the risk is greater in IO loans. While going for an interest only loan with adjustable rates, it is very important to consider what the future interest rates are likely to be. This is because repayment in the future will consist of both interest as well as the principle.

For interest only loans based on the adjustable mortgage rates, the interest rate is calculated and changed based on the index rate. The Index rate depends on the average of Interbank offered rates for one year US dollar denominated deposits in the LIBOR (London Interbank Offered Rate). This Index is published in the Wall Street Journal. The interest rate is adjusted according to the index plus the margin (rounded to the nearest 1/8 percentage point). The interest rate cannot change by more than 5.00 percentage points than the initial interest rate over the whole term of the loan. Similarly, it cannot decrease less than the margin on the loan. Interest only loan products can be 30, 20, 15 or 10 year fixed mortgage with varying adjustable rates.

With increasing real estate prices, interest-only loans are becoming a preferred option for many. There are also many lending companies that are giving attractive options on interest-only loans. Information about interest-only loans is available on the Internet. They also contain easy-to-use interest only calculators that tell you the kind of repayments you will have to make. The current interest rates on interest only loans are also available on the Internet.

Saturday, October 27, 2012

10 tips to securing a home loan

We've only got about one page to list these 10 tips for securing a home loan, so let's jump right into it!

1) Get your credit score up

This is the key rule. Do not even think about getting a home loan until you've paid off your debts and worked your credit score up.

2) Get your credit score up

Seriously! What you should do is settle all your old debts, and then cut up all of your credit cards, but one or two. Use those for simple things like buying gas or grocery shopping and then pay them off on time.

3) Live within your means

Credit cards gave birth to a generation of people buying more than they could afford, with many of them winding up hundreds of thousands of dollars in debt as a result. Your spending money should be cash only.

4) Make sure the time is right

Sadly, we're not all ready to own a home. If you don't have savings and a reliable career, if you're already in debt, you'll want to improve your financial standing before going after home ownership.

5) Do your research

Basically, get online and do a lot of reading up on the ins and outs of home loans and the real estate market. If you develop a strong knowledge of the market, you're more likely to get what you're after.

6) Know what entices potential lenders

It's more than just having a nice job and a good credit score. Remember, they do background checks. If you've never held a job for more than a year, that's a turn off for lenders. Other things can help, too. If you have multiple sources of income, let the lender know about them.

7) Never borrow more than you think you can pay off

This is how American homebuyers got into so much trouble last year. They were knowingly borrowing more money than they could repay in the hope that home and land prices would forever appreciate.

8) Be willing to shop around

Don't grab the first loan anyone will give you. In getting a low interest rate on a loan or mortgage, you'll want to look around and see who can offer you the best deal. You may get lucky, but don't count on the first bank you walk into to give you the best overall deal.

9) Don't buy a pricier house than you need

This is more a tip for actually buying a house than it is for getting a loan, but it can help on that front, too. If you're a bachelor, what on earth are you going to do with a two story, two and a half bathroom house? Don't go overboard in selecting your home and the lender probably won't feel that you're asking for too much.

10) Don't be afraid to ask for help

If you need a real estate agent or some expert advice on securing a home loan, then go for it. A qualified home loan professional might save you a vast sum of money.

Friday, October 26, 2012

Printing Digital Photos on Matte or Glossy Paper

When printing digital photos, there are essentially two options for choosing the paper is printing on matte or glossy. The choice between matte or glossy is not only a question of how you want your prints to look. There are other things that you should consider.

Some people love bright shiny things. In general, these people also choose to use glossy photo paper printing paper as opposed to dull. Other people prefer to relax more things or are back, and most times end up pressure on matte photo paper. But your personality is just enough to be the right choice between matte and shiny.

Mat of glossy paper are printed by a special chemicals, the levels on the digital photo prints. Like all chemical implementation matte or gloss have different properties when it comes to heat, dust and other photo prints handling. Glossy photos have a shiny surface. They tend to be brighter and more cool. Glossy paper sports richer colors, because they tend to be more dynamic and more alive. The finished prints with a glossy layer also appear to be sharper and more fresh, or in contrast.

Glossy paper, although many drawbacks. Prints, which many people and are designed so that it affects many are typically implemented as glossy prints since matte prints tend to fingerprints and other organic stains easily. You can try just a glossy digital photo and touch them with your fingers. Look at the photo from the vicinity and you will clearly see your fingerprints on it. If you have photos brilliantly colored with fingerprints or other organic substances they need to be cleaned. Cleaning all photo prints can cause damage to the pressure for example by scratches it. The reason is simple cleaning with rubbing and rubbing a photograph means, rubbing his chemical shifts, they damage resulting in scratches and other imperfections.

Glossy photographs are also not useful if planned to be used outdoors or in an environment that is very lit. The reason is simple glossy photo prints reflect light and glare product if they have a strong light source. Matte photo prints on the other hand, a weight of fingerprints and other organic substances, which would otherwise stain a glossy photo paper. Black and white photographs to see much better when printed on matte paper. When viewing matte photo prints in a highly lit environments, there is no glare and no light, which again from the photo print.

Matte prints on the other hand, tend to fade the colors. Rich color digital photos usually do not look as vibrant and rich, how they might look when printed on matte paper.

It is clear that the choice between matte and gloss is a question of how the photos are used. Before choosing the type of paper used, you should consider how and where the photos are displayed. For color photos, which easily into a well-protected photo album a brilliant choice is better. For black-and-white photos mat is always the first choice. For rich color photos are outdoors and views from many different people the choice is not clear. Use glossy paper, when you're ready, that the photos have a short life span before they stained and damaged. Use a dull, if you want them to last long.

Saturday, October 20, 2012

Benefits Of Having Weather Stations For Home And Personal Use

Have you ever considered the idea of weather stations for home and personal use? There are certainly a number of great benefits for having a modern weather stations set up within your own home, not least because they are now very easy to install, have all sorts of features, and are extremely good value as well.

One of the best things about these home weather stations is the fact that you will constantly be updated as to fluctuations in weather patterns in your exact area. Outside weather sensors will regularly transmit information about the current weather to an attractive display which is set up anywhere within your house. You can check on this display at any time in order to see exactly what the weather is going to be doing.

These weather stations will therefore allow you to keep up-to-date with any bad weather that might be approaching. This can be extremely useful, particularly if you have a specific outdoor task that you need to get done. You can gather together information that will help you maintain your garden, your pond or aviary, your greenhouse, and any bits of furniture that you might have outdoors. If the weather station says that there is going to be a sudden downpour, then surely you would like to be warned about this so that you can bring in any outdoor chairs that you have outside your home?

Of course, on top of all this, you can gain a decent understanding of how the weather is interpreted and what exactly drives it. At the end of the day, or whether will provide the background for all sorts of outdoor recreational activity, and therefore the better your understanding, the more you will be able to enjoy yourself on any occasion.

All of the features that you might want from your home weather station can be purchased in a very easy to install package. It is best to look online for some options that you could choose from, and find out about the various features on offer with each one.

Of course, the price will also vary between the different products that you look at as well. Depending upon the features of the home weather station, you may be able to get something for as low as about 0. However, as with anything else in life, you certainly do get what you paid for, and therefore you are more likely to find something of high quality starting at the 0 mark and above.

Certainly, that is not to say that the lower priced home weather stations are going to be completely ineffective. They will still function in many of the same ways as the higher priced models, but if you have a little bit more money to play with, it would certainly be advisable for you to invest a little bit of extra finance into the product.

If you are interested in getting a home weather station for your house, therefore, it would certainly be a good idea for you to read into it a little bit further to expand your knowledge and get a greater understanding of whether or not you may want to proceed with your interest.

Monday, October 15, 2012

Signing Up For A Credit Card Online

Many people use the Internet exclusively to pay bills, access their bank accounts, and perform other finance management tasks. The Internet has become the easiest way to access and explore credit as well. If you've spent any amount of time online at all, you've probably noticed sites that offer credit cards in addition to other financial products.

So, what's the deal?

Remember when your parents used to tell you that there's no such thing as a free lunch? Well, online credit card offers and other financial product offers, such as a free credit score, are rarely what they appear on the surface. Can you get your credit score through these sites? Sure, but you'll pay for it in the long run. Here's a tip: you are legally entitled to one free credit report each and every year, for free.

As long as you know what you're paying for what you'll be getting, you may be making the right decision. Be sure to read the fine print so that you know exactly what you're getting into. Make a hasty decision and you'll likely cost yourself some money.

The Free Credit Score
That flashing banner ad at the top of the screen may be screaming free credit score, but is it really free? Ads are a way to make money, not give things away for free. More often than not, those ads are a way for the advertiser to get you to buy something in exchange for something you may want.

For instance, that free credit score may be accessible only if you sign up for a credit card. Not a bad idea, you say? Check out the terms of the card issuer before you commit. Cards with high interest rates and hidden fees often use what appear to be great online deals to entice the credit novice to sign up. What good is a free credit score if you end up paying hundreds of dollars in fees for your new card?

The Sign up Now Draw
Ads enticing you to sign up for a credit card may be convenient, but what's in it for them? In most cases, online ads that direct you to sign up for a new credit card make money by receiving a finder's fee for each new account they bring to the credit card issuer. Although such practices don't really hurt you in any way, they don't help you either.

Ultimately, if you're shopping for a credit card and XYZ company is your choice anyway, go ahead and sign up for the card and get your free credit report. Conversely, if you're not in the market for a credit card, click the x and close the page. Remember, using credit wisely is all about making informed decisions. Check out what the offer entails and make your decision based on what you're getting for your time and money. A little research now may save you a ton of money down the road.

Sunday, October 14, 2012

Comparing FHA Financing to Conventional Financing for Owner Occupied Homes

It was 1934, the time of the Great Depression. Franklin D. Roosevelt had been elected President 2 years earlier and he started to establish programs to help the economy and unemployment. These were referred collectively as "The New Deal".

The U.S. Government felt that, as part of "The New Deal", a federal program was needed to increase new home construction and thereby create jobs. This is how the Federal Housing Administration (FHA) was established. This new program did create quite a few new jobs and, consequently, the FHA was off and running.

During the mid 1960s the FHA started to change. They stopped being only an insuring agency for loans and broadened their scope to include the administration of an interest rate subsidy program along with other aid for the home buyer. The Civil Rights Act, also known as The Fair Housing Act of 1968, added to the FHA's ongoing transformation away from being only a mortgage insurance program.

In 1974 the Housing and Community Development Act came into effect. This act significantly changed the Government's role in many aspects of housing and community development. It also made significant changes to the magnitude of the FHA's activities. Changes to this act, going forward from 1974, brought the FHA to the point where it is today.

For the purposes of this article I will only be addressing the advantages of an FHA insured loan when compared to a conventional loan. The criteria for this loan example will be a single family home being owner occupied.

It should be remembered that the FHA doesn't make loans or build houses. It only insures loans offered by private lenders. Mortgage insurance protects lenders against losses that result from defaults on home mortgages by buyers.

This insurance makes it possible for a buyer who cannot qualify for a conventional loan to still be able to buy a house or condominium. Townhouses and condos must be in a HUD approved complex to qualify for FHA insurance. Currently a little over one third (33.3%) of all home purchases in the U.S. are backed by an FHA loan.

There are 3 basic types of dwellings that qualify for FHA mortgage insurance. These are Single Family Real Estate Homes (SFR) - this includes Manufactured Homes (Mobile Homes), Condominiums or Townhouses in HUD Approved Communities and Public Urban Developments (PUD).

A common misconception is that the FHA buyer assistance programs are only for first time buyers. This is not the case. Any prospective home buyer can use an FHA insured loan as long the buyer doesn't have a current FHA insured loan in their name. If they do have an FHA insured loan in their name that loan must have a Loan-to-Value (LTV) ratio of 75% or less. To find your LTV ratio divide the total amount of money that you owe on your home by the appraised value of your home.

You can own rental properties as long as none of them have an FHA insured loan in place at the time you apply for your new loan. As a general rule the FHA insured loan program may insure loans with 5% down payment or, often times, less than that. This is based on the purchase or appraised price of the new home, whichever is the lower. A conventional loan usually requires a 20% down payment.

On a condominium or house that appraises for 0,000.00 the FHA insured loan would require ,500.00 down at 5% while with the conventional loan the required down payment would be ,000.00 at 20%. It should be noted that the FHA has additional programs, when combined with their basic loan guarantee, can often reduce the required down payment to substantially less than 5%.

The maximum loan amount will vary and will depend on what state and county the property is located.

Use this link to see the loan limitations for your property by state: This does not apply to Manufactured Homes which have the same limits in all locations - ,678.00 for a Manufactured Home only, ,226.00 for just a lot and ,902.00 for a Manufactured Home with a lot.

In most cases you will have lower closing costs with an FHA insured loan as opposed to a conventional loan. The FHA determines what closing costs can be charged to the borrower at the federal level. The local FHA office specifies the amounts of these fees. This determination is based on what the local office feels the amount charged for these services are reasonable and customary for their area.

The fees that can be charged to the buyer are:

Lender's origination fee
Deposit verification fees
Attorney's fees
The appraisal fee and any inspection fees
Lender's origination fee
Cost of title insurance and title examination
Document preparation (by a third party)
Property survey
Credit reports (actual costs)
Transfer stamps, recording fees, and taxes
Test and certification fees
Home inspection fees up to 0

Any other costs are generally not allowed, by FHA rules, to be charged to the buyer and are usually paid by the seller. These FHA allowable charges can, and do, change so check with the FHA, your lender or your agent to get the current list.

A buyer can qualify for an FHA insured loan with a much lower credit score than a conventional loan requires. FHA rules governing credit scores state that any application made after October 4, 2010 where the applicant has a credit score of 580 or above is eligible for the maximum amount of FHA financing available. Borrowers with credit scores of 500 579 are eligible for 90% LTV.

The FHA credit rules have just recently gotten stricter. What was acceptable a year or two ago is no longer in effect. FHA loans still offer more leeway in their terms and conditions than most conventional loans.

Interest rates on FHA loans are competitive but, due to the volatility of today's mortgage market, rates can and do change often. Check with your lender, broker or agent to get the latest rates.

FHA rules are subject to change. These were the guidelines at the time this article was written November 11, 2011. Please check with the applicable agent or agency to ensure that they are still current before making any buying decisions.

Thursday, October 11, 2012

Gold Trading Guidelines - The Best Way to Trade Gold Properly

Gold trading has been gaining popularity over time. Gold is known for its stability and good fundamentals that make it easy to trade it. With the surge of online trading, you can now trade Gold with a starting capital of a few hundred dollars. Gold is a favorite commodity because of its stability and also because you can trade this precious metal with a few hundreds of dollars or thousands. Gold is the best investment you can make during economic crisis and high inflation periods Before you start trading, it is very important to know how to trade gold. You need to understand the factors that control the movements of gold prices. Gold has strong fundamentals, it has more value than any other paper currency in the world.

How to be a successful gold trader

Gold has its own characteristics

There are several ways in which gold trading differs from foreign exchange trading. Gold is a lot less volatile than most of the currency pairs traded in forex. Therefore it is very hard, sometime impossible to scalp trade gold. Because gold is much more expensive in value, you will need to make larger investments with lower leverages. However, this kind of large investment can make a huge difference to your portfolio since it will stabilize and hedge other, more volatile trades. Once you get the basics of gold trading, which shouldn't take long, you can incorporate gold trading into your trading system, or even develop a new system specifically for trading gold.

Spot gold trading or online gold trading

Buying gold online may be one of your safest investments you can ever make. The first advantage is that you will not have to worry about security or storage space as you will not come into contact with the gold physically. Online gold trading has many advantages. You will not worry on where to store it or worry for its security. You can use the available leverage if you do not have enough capital to start trading. To succeed in spot trading, there is a need to manage your money. You should also avoid over-leveraging because this is the reason why most traders fail.

Always diversify your portfolio

This is a good example of not risking everything on one endeavor. Because there are different ways of investing in gold, you should spread your investment in all of them. This is just a way to minimize possible risks. Diversification is the key of success, it protects you from major losses in one single investment. You can invest in gold bars and coins with 35% of your capital, 20% in gold stocks and 45% in spot gold trading.

In conclusion

Do not invest all your money at once, let the process be gradual as you watch the trends in the market and understand the trade better. If you are interested in investing in gold, now you know that there is more than one way of investing and to be safe, you need to invest a part of your capital in all these ways.

Wednesday, October 10, 2012

Get Free $100 Voucher From Google Analytics

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4. Once you've opened your account, make sure you link it to your Google Analytics account. Click the Reporting tab and then Google Analytics on your AdWords dashboard and follow the instructions to link your accounts.

For more information on how to optimize your Google Analytics account, check out our Conversion University. You can also contact a Google Analytics Authorized Consultant for personalized help and tips.

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Promotional credit must be applied to a new AdWords account within 14 days of creating the account and is valid only for new Google AdWords customers with self-managed signup accounts and with billing addresses in the US. Advertisers will be charged for advertising that exceeds the promotional credit. Advertisers will need to suspend their ads if they do not wish to receive additional charges beyond the free credit amount. Subject to ad approval, valid registration and acceptance of the Google AdWords Program standard terms and conditions. The promotional credit is non-transferable and may not be sold or bartered. Offer may be revoked at any time for any reason by Google Inc. One promotional credit per customer. Advertisers with self-managed signup accounts in the US are subject to a USD activation fee that will be deducted from the promotional credit. Advertisers outside of the US, please refer to for activation fee. Offer designed for post-pay customers. Void where prohibited or restricted by law. Expires 9/30/09.

Note: notice that Offer designed for post-pay customers. So if you don't want to be charged at all, make sure to monitor closely so your advertising campaign doesn't exceed the free advertising voucher.

Monday, October 8, 2012

Canon's New Dig!c 4 Image Processor

Canon recently welcomed a new member to its digital camera family. The DiG!C 4 Image Processor, the successor to Canon's DiG!C III, has been incorporated into some of the latest digital SLR Cameras and high-end digital compact cameras. Canon is known for making cameras that enable users of all skill levels to take beautiful photos. The DiG!C 4 Image Processor has taken Canon's trademark ease-of-use, high-tech features and image quality to a whole new level.

Canon's face detection technology has long enabled photographers to take better portraits of people and pets. With the DiG!C 4 Image Processor, Canon has improved upon this convenient feature. Now, even faces at an angle or in profile can be quickly and easily detected. Another improvement is the Face Detect Self Timer. This function puts a new twist on the self-timer. Instead of waiting a set period of time before taking the picture, the Face Detect Self Timer detects when a new face has entered the frame, and this is what triggers the camera to take the picture.

In addition to enhanced photos of people, DiG!C 4 Image Processor is making it easier to take sharp action shots, increasing the speed of Canon's Motion Detection technology. In addition, DiG!C 4 has enabled Canon to include a High ISO Auto feature which automatically sets the right ISO and shutter speed based on how fast the subject is moving. Your action shots will be crisper than ever before.

Canon's brand new Servo AF technology, which is part of the DiG!C 4 feature set, also helps you take clear pictures of moving subjects. Continuous subject tracking and focus of a moving subject means you can quickly capture the perfect moment without having to recompose the shot.

Intelligent Contrast Correction gives the user greater flexibility in correcting the colour contrast of their photos. Corrections can be made both during shooting and after, automatically brightening up the faces of your subjects. Intelligent Contrast Correction simplifies photography by increasing your ability to point and shoot regardless of the ambient lighting.

The amazing power of the DiG!C 4 Image Processor has also been harnessed to boost your movie shooting capabilities. You can now record video for longer time periods without losing image quality. The key is the DiG!C 4's movie codec, which compresses the size of the data but not the quality of the image. You can record at the highest level of quality while still using less memory.

On top of all these new features, the addition of the DiG!C 4 Image Processor has also achieved greater noise reduction. Image quality remains high even when you're shooting at high ISO speeds. The DiG!C 4 Image Processor has taken everything that's great about Canon's line of digital cameras and made it even better.

This article is brought to you by Canon Australia - The latest in Digital Camera Technology

About Canon
Canon Australia is a leading provider of advanced, simple-to-use imaging solutions for businesses and consumers. Canon's Australian R&D company, CiSRA, develops customised solutions for local customers, and exports digital imaging technologies for use in Canon products worldwide. Canon has ranked among the top-three US patent recipients for the past 16 years, and had global revenues of around $ US39 billion in 2007. Canon Australia also operates Canon Finance Australia, which offers one-stop shopping for customers wanting leasing or finance services. For more information, visit canon.com.au.