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How are Home Loans Preferable Over Cash Payments?

by

Arwind SharmaThe choice of deciding the home of your dreams must not be the one you make in haste. A lot of research and thinking is put into searching for a home. Many times, a decision was taken in haste proves to be dreadful in the long run. You don’t want to fall prey to the same. People nowadays fall into a think tank when it comes to the payment procedure of a home they want to purchase. Should it be a cash payment? Should it be a Home Loan? These are the two important questions that linger in the minds of the buyer.There are several aspects that need to be considered in Cash Payment v/s Home Loan. They both have their pros and cons and thus analysis of the same will help us get a better understanding of the same. We shall study the advantage and disadvantage of each one of them to see which option is the best one – Using your savings for your home purchase or borrowing a Home Loan from the bank?Advantages of Cash Payment:When you are making a cash payment nobody will ask you about your credit history. You simply aren’t answerable to anyone as you decide to use your lifelong savings to buy the home. Savings are risk-free. Savings are the amounts made up over the course of years and decades. Savings are risk-free. There is no leveraging in cash payment. You’re the sole owner and there are no leverages. With cash payment, you also have the chance to get a discounted amount as the amount is being paid in cash. Finally, you aren’t indebted to anyone. Thus you are stress-free when it comes to the ownership of the home and its dues. Those are rest-assured. Advantages of Home Loan:There’s a sense of accomplishment in Home Loans. It’s strange but it’s true. Banks help you achieve your dreams through Home Loans. You can not only buy but even furnish the home of your dreams with Home Loans. Moreover one can avail tax benefit with the help of a Home Loan. A bank loan will help you increase your liquidity. Thus these are basic advantages of Cash Payment v/s Home Loan. Let’s discuss the disadvantages now:Disadvantages of Cash Payment:There is low liquidity. A compromise is a must when it comes to cash payments. For instance, if you want to buy a house along with a car and the assets have been liquidated you will be required to compromise now. You aren’t leveraged in terms of cash payments. Under cash payments, real estate is not easily convertible. These are the disadvantages of cash payment. Moreover paying with cash rules out the other form of investment. Disadvantages of Home Loans:The amount of rate of interest charged is stressful. The tenure for which you are required to pay the loan is long. You are more likely to fail in case your ability to repay the loan is hindering. Mortgage approval is not realistic for many of us as we do not possess ample amount of property or assets. Thus these were the advantages as well the disadvantages of Cash Payment v/s Home Loan. You can decide which one is better based on Pros and Cons Cash Payment v/s Home Loan. We can say that there are noticeable benefits in both of them. And the number of drawbacks are less as compared to the advantages. Thus housing sector is ultimately the beneficiary in the Cash Payment v/s Home Loan discussion.

Arwind Sharma is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has worked extensively in the finance sector and has been dealing with the entire range of investment and finance. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. Arwind has also amassed a great name for himself as a financial blogger. He has written numerous pieces on the Financial topic like

Home Loans

, Fixed Deposit, Personal Loans, CIBIL score, etc.

Article Source:

eArticlesOnline.com}

Saving Money to Acquire Ideal Abode at Lake Havasu City Homes for Sale by Barry RodriguezEmployed and at the same time handling to save money is a good tactic in preparation for your future home purchase at Lake Havasu City homes for sale. Finding a down payment for your home purchase is not an easy task. Its really hard to produce money for your down payment nowadays especially if you dont take time to prepare it earlier. If you have the desire to own a residential property nowadays, the ultimate way to do is start saving your money now for you to be able to gain financial return for buying properties at Lake Havasu City real estate. The routine of saving money from your hard labor is the most excellent systematic preparation for prospect home owners because buying a property is the most expensive purchase you will ever cede in your whole life. If ever you can own a property, you will be encountering and oblige to pay mortgage and as well as taxes, continual home maintenance expenditures, continual home insurance and so on and so forth. These days are the critical moments for home buyers they should be prepared financially for any hardship season that would struck to their lives so that they can escape themselves from entering into the dangers of residential home foreclosure because of unwanted misfortunes that most people today come across. Take for case in point, when you plan to purchase a property in Lake Havasu City real estate. During the event of picking out properties at Lake Havasu City homes for sale, you suddenly buy the residential property that captivated your interest. In most cases after long years of continuous payment for mortgage, you unexpectedly lose your job and financial turbulence pop up into your mode of living. If in case you dont have sufficient financial assets to battle with the mortgage payments most probably you will end up losing your residential house that you had sweated and labored so hard in acquiring it. That is why saving money is very important for we cant predict exactly when these hard days would come.You exactly have the ideal now that wonted savings is extremely useful in preparatory for any financial burdens in the near future and you should incorporate it to your monthly routine. Saving money is indeed a challenging task but at the same satisfying and can mold your life ensured at all times. Although you can choose several techniques that can help you scrutinize your financial assets having the basic understanding to know them are very helpful and its a great benefit in running your financial assets. If youre scheduling to pay money for a house in Lake Havasu City homes for sale, it’s an imperative way to analyze your financial condition first to be able to conclude if youre really that prepared. One strategic way to track down your financial assets is practicing some basic accounting task for you to find out your unnecessary and necessary expenditures and if how your money travelled. For those folks that are inexperience about accounting method to track down their expenditures and are not exposed to accounting technique, its very hard for them to monitor where their money goes. But if you are well equipped with the basic ideas about accounting techniques then it would much more comfortable for you to monitor your expenses and you can make some essential changes if ever something went wrong in your finances.Another proven technique in tracking down the flow of your finances is by via journal. The habit of using financial journal is simpler compared to the usage of accounting method. By means of financial journal it will simply remind you if your goals are accomplish and it will boost your motivation to push you to achieve your goals. For example, you are preparing money a down payment for the house that caught your attention at Lake Havasu City homes for sale. In this scenario, for you to be able to purchase this residential house you need to prepare an exact amount of money every month to be able to purchase the residential property that you are considering. In using financial journal, you just simply jot down these important matters in your financial journal and try to work on it by making a strategic plan. By using this kind of method in tracking down your expenses, you can use either a simple notebook or using computer software that you can record your expenditures each day. Like for example, Walking from work instead commuting a bus or taxi, because of walking you can save 10 dollars every day. Put a note like saving money for my future home! Jot these things in your financial journal and use it as a motivating factor in achieving your goals. Barry Rodriguez is a reliable writer who makes about articles related to real estate. To know more information about Lake-Havasu-City homes for sale and Lake-Havasu-City real estate visit our website. Article Source: eArticlesOnline.com

byAlma Abell

Retirement is more enjoyable when you have enough money to do the things you enjoy. Unfortunately, many retirees are unable to travel and enjoy their final years because they don’t have enough income. A reverse mortgage can provide the cash flow older adults need to ensure their bills are paid and have some money left over to have fun. While a reverse mortgage in Newport News can help seniors stabilize their income, there are a few things everyone should know about this unique kind of loan before deciding to get one.

In order to qualify for a reverse mortgage, the youngest applicant must be at least 62-years-old and either own their home free and clear or have a very small mortgage that can be paid off with the proceeds of the reverse mortgage. The applicants must live in the property but it can be up to a four-family residence, a manufactured home or an approved condominium. There are no income or credit restrictions on reverse mortgages.

After the reverse mortgage has been approved by lender, homeowners receive payments from their lender. The proceeds can be used in any manner so whether a senior needs the money for living expenses, home repairs or a dream vacation, they do not have to answer to anyone. Many seniors structure their reverse mortgage payments so they get a monthly check but lump sum payments are also an option. With a lump sum, seniors can make upgrades to their home so they can age in place or purchase a recreational vehicle and go on a road trip.

Unlike home equity loans, a reverse mortgage in Newport News does not need to be repaid as long as the borrower is living in the home. If the borrower moves out of the home or dies, the principal balance and interest on the loan becomes due. In some cases, the borrower’s heirs pay off the loan with life insurance proceeds. Another option is to sell the home and pay the balance. Because the lender does not own the home, the heirs are free to keep or sell it after the loan is repaid.

Submitted by: Mary Weber

Bingo tournaments

are a series of bingo games that are held over a certain time period, usually over a weekend or a few consecutive days.

In land-based bingo halls,

bingo tournaments

are held over special weekends. These are often organised by churches or non-profit organisations to raise money for charity. Many schools also host tournaments to raise money for school events or for items needed by the school. These are usually arranged by a school committee of parents and teachers.

A number of bingo games are played throughout the tournament, and the winners of the tournament are the players who have won the most games throughout the event. Usually there are a number of winners, from first place to twentieth place or lower. While many charity bingo tournaments are not played for cash prizes, winners can still win other prizes. Often these prizes are donated especially for the bingo tournament, and often consist of hampers and gift vouchers.

Online bingo tournaments work much the same way, expect that these tournaments are played for money, so the prizes are cash prizes. Most online bingo tournaments work using a point system, so players earn certain points for every game they win on certain days in the tournament. Players who have scored the most points win the tournament. Many sites have additional competitions or draws in which players can enter by making a deposit.

Some free online bingo sites only give cash prizes for tournaments. Every game a player wins throughout the month adds up, and although these games are played for bonus credits or fun bucks, players who have won the most games throughout the month have the chance to win cash prizes.

Some websites hold different types of tournaments each weekend. These include chat game tournaments, in which the players who have won the most chat games throughout the weekend win cash prizes. Other popular tournaments are the bingo game tournaments, which apply to every bingo game won during that weekend, and slots game tournaments, in which every slots game won adds up points and cash prizes can be won by the players who have won the most slots games in that weekend.

Bingo tournaments are a fun part of bingo, as they give the game some added excitement. Players also get the chance to tally up their wins over the set time period. As a result, bingo tournaments can be quite competitive. As long as players remember to respect one another and have fun, tournaments are a great way to get to know fellow players over an extended time. In online games, chat during the bingo tournaments is always entertaining and lots of fun.

About the Author: Mary Weber has been an online bingo fanatic for over 7 years. She has written many informative and original articles for the website

Online-Bingo.net

including information on

bingo tournaments

.

Source:

isnare.com

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Three Special Things About Solterra Homes

by

Adrian Scovill

What makes it fulfilling to own a house is to have it designed according to your personal preferences. And the quality of the house makes it more satisfying. Your house is one of the best investments that you can make, so choosing the best home builders could assure you that you ll get the best home experience ever.

Fairfield Homes and Dorn Homes, being the top home builders in Arizona, offer the newest home community in Green Valley, Solterra Homes. The origin of its name, Sol which means Sun and Tierra which means Earth , is just as unique as its home features. Solterra is one great combination of perfect location, superb designs, quality construction and energy efficiency. Along with the alluring views of the Santa Rita mountains, Solterra has three special things to offer to you:

Home safety features

Fairfield Homes and Dorn Homes have exerted much effort to give you quality construction to assure your safety and security. Each Solterra home has fully integrated smoke detectors to keep you away from risks of house fires. It also has high security deadbolts and ground fault interrupt safety outlets in the kitchen, bathrooms and exterior. And to give you a more secure bath experience, the houses also feature pressure balance scald guard tubs and shower valves.

Energy Savers

Dorn Homes is known for its expertise in energy efficiency that surpasses the current standards set by the U.S. Government s Energy Star Program. With Dorn Homes Building Science specifications, Green Valley homes for sale will be more energy efficient than any other homes. Each unit comes with an electronic programmable thermostat, thermal envelope insulation and a programmable exhaust fan in laundry with automatic ventilation. It also has high efficiency 14 SEER central-air conditioning and a manual mechanical damper for fresh air intake. The 2×4 exterior walls are built with blown-in cellulose insulation and the roof deck is secured with a R-38 batt insulation. And to efficiently manage heating, the ventilation and air conditioning installed in each home has a mastic sealed ductwork.

Membership to Green Valley Recreation

Your first home in Solterra comes with a membership to the most famous recreational campus in Arizona. Green Valley Recreation is an organization that serves the leisure and social needs of the adult retirement community of Green Valley, Arizona. It owns a $18 million property which includes one Member Services Center and 13 Recreation Centers. Green Valley recreation offers many services and activities for adult lifestyle. You can choose from over 60 clubs that offer activities from cultural events, arts, crafts, woodworking shops etc.It also has swimming pools, fitness centers, spas, tennis, racquetball and state-of-the-art equipment.

Fairfield Homes and Dorn Homes, with its building lasting legacies and its luxury building standards, have built one great community in Green Valley. Solterra Homes will be the perfect community that will fulfill your dreams of owning the perfect house.

Get your

Solterra Homes

property, including a membership to Green Valley Recreation, Arizona s most famous recreational campus network boasting over $18 million dollars in facilities including 13 recreation centers, swimming pools, spas, fitness centers with state-of-the-art equipment, racquetball, and tennis.

Article Source:

ArticleRich.com