Tuesday, August 11, 2009

Think of Commercial Mortgage When You need Funding for Your Business-It’s A Better Alternative to Business Loan

Commercial mortgage is a type of business loan that a business owner uses to fund his requirements for acquiring new assets to expand his business. It’s quite similar to residential mortgage. The lender uses the borrower’s business property as collateral. The reason why more and more businessmen opt for this loan is that it provides the best way to fund the acquisition of business properties and also for other business purposes. The interest paid on it, is generally tax deductible. The interest rate with this loan is comparatively lower than unsecured business loans. The income that is generated from the property is used to cover mortgage payment. The normal period or term for this loan is longer than its other counterparts. Generally, the period is 10 years with a thirty year paying off or amortization. This means that the loan payment is same as a 30 year loan but in case he wishes to sell it, he’ll have to do that at the 10 year mark.

It not only gives you a huge amount of capital to fulfill your business needs but also allows you to fine-tune the repayment structure according to your convenience. It is a gainful way of obtaining fund for various business activities. You can also raise extra money to fund your other business activities using this mortgage. The approval of your loan depends on some factors like the credit record of your business and repayment capacity. For this, your last 3 years of audited financial statements, profit and loss account, balance sheet and cash flow statement will be needed to apply for this loan. This is an easier alternative to business loans. There are mainly two types of rates that you can choose for repayment namely, fixed and variable.

Saturday, May 23, 2009

Writing a personal financial plan

Most of the people today understand the essential of writing personal finance ideas. Mainly every person, who are maintaining there achievements, is obligated to write and to hit to a critical plan of action. In foreign countries we are hardened by a mindset that says immediate indulgence is perfect. This attitude doesn’t instruct us to map our investments or our lives. In its place it does just the reverse and create reason to many personages to misuse their money and to live paycheck to income.

Before writing a personal financial plan we have to to write the list each of our monthly budgets. Be sure to write down the whole thing single thing we think of, including both requirements and lavishness. Necessities can take in things such like food, clothing, &shelter.

Friday, May 1, 2009

Ways to Pay for Retirement

In this world we trend to get most of our income from one place and that is our job. But In the retirement time our income gets more like hotchpotch from different sources.
Recently Gallup’s survey released this week that Gallup has identified ten ways of income that Americans are using to fund retirement.

Saturday, April 25, 2009

Erase credit card debt

Before staring first we need to do is stop our credit cards. It means if we don’t have hard cash then we can’t have it at all. Paying money for all of the things that we buy is just a single step. The second step should be too adding our little payment. We can pay on that particular credit card for years. Particularly if we have numerous cards to pay off.
With many credit cards, we can select the one with the utmost interest rate to make a bigger than the smallest amounts too pay as rest making the minimum payment to the others. Here is the video on credit card debt.

Monday, April 13, 2009

Personal finance for doomers from Visionvictory

It’s true that United Status is going to experience something more Drastic. This is a video from visionvictory on this last Friday news Updates Lots of finance questions…? The first thing he wants to cover to the people with credit card debt. Before you make financial decision you should meet bankruptcy attorney… Please see the video for further.