Author

Robbin Davidson

Browsing
In Finance

What you Should Know about Home Loan Protection Plans

No Comments

Home loan protection plans are a form of insurance policy that provides cover for home loan payments if the insured person is unable to work because of illness or an accident. The benefits are paid directly by the insurer to the mortgage lender, reducing the borrower’s pressure.

The following are things you should know about a home loan protection plan:

Most insurance companies usually provide this for a low monthly premium. So you should ideally take at least five years before taking a home loan so that the insurer can process everything on time. You should know that home loan protection plans are not insurance. It is just a form of credit enhancement where the insurer pays your monthly mortgage payments if you cannot work for any reason. So it helps in reducing the pressure on the borrower.

In case you take a home loan protection plan, then the lender should not charge any pre-payment penalty from you for paying off your home loan before maturity. Also, you won’t be able to take a home loan protection plan when you already have an existing life cover or any other insurance policy in place. You need to cancel these and then only take home loan protection plans.

It is best to take the coverage for at least 10-15 years, giving you enough time before taking another one. You should know that it takes about nine months once you decide to take home loan protection insurance and start paying premiums. Also, depending on who the insurer is, you may be allowed to take home loan protection insurance even if you are self-employed. So this will help in reducing your expenses because there is no need for paying premiums to an employer.

You should also know that most insurance companies ask you to take a mandatory health check-up before selling this product. Also, most home loan protection plans cover only a specific number of years if you suffer from an illness or an accident. So it becomes difficult to continue paying the premium once you are out of this benefit period as the cost goes up compared to when you first started paying for this policy.

You should also know that insurance companies do not provide any joint coverage for this product, which means that the policy covers only one person, and it cannot be transferred to someone else after your death. It would be best to consider this before buying home loan protection insurance.

After paying premiums for a few months, you may be offered to convert your home loan protection plan into an endowment policy that will help you invest and save for your future. You should also know that it is best to include your spouse as the nominee on the home loan protection plan so that in case of an unfortunate accident or death, your family will not have problems paying off the dues on time.

Depending on the insurer, you may be allowed to change the frequency of premium payments according to your need. You should also know that most insurance companies do not cover the cost of repairing your home in a natural disaster such as an earthquake. If you are an active-duty military member or veteran who has met the length of service requirements, you likely qualify for VA loan requirements.

Your credit score should always be good for you to be eligible to take home loan protection insurance, but that is not the end of it. You also need to have a steady source of income that will ensure your repayment capabilities. So work out all these factors before taking up any home loan protection plan.

Last but not least, you should know that the paid-up value is only half of the original sum insured in most cases. So, you have to consider this before taking a home loan protection plan. Again, you should also know that insurance companies consider the borrower’s age, and only those above 40 years can take this policy for themselves without any spousal involvement.

In conclusion, Home loan protection plans are a form of insurance policy that provides cover for home loan payments if the insured person cannot work because of illness or an accident.

by
Read More
In Business

5 Reasons You Need a B2B Content Marketing Strategy

No Comments

9 out of 10 B2B marketers report that content marketing is integral to their overall strategies.

However, as a B2B business owner, you may be unaware of the hype around content marketing. You feel it’s another marketing fad that will quickly fade. So, there is no need to invest in a B2B content marketing strategy.

Yet, these business owners are mistaken are content marketing is a powerful tool to boost brand awareness.

Keep reading to discover five reasons you need a B2B content marketing strategy.

  1. To Boost Customer Engagement

To take your B2B Company to the next level, you must establish an emotional connection with your customers. You want to answer the question of “why should people buy from your company?” To many companies, it’s an uphill battle boosting customer engagement as they’ve no idea how to do it.

If you face this obstacle, you should consider investing in B2B content marketing. The wonderful thing about content marketing is its power in targeting people’s emotions. It makes people buy into your company’s story and become loyal to your brand.

That’s why you need to work with the top B2B content marketing agency to achieve this goal with ease.

  1. To Cut Down Marketing Costs

Although content marketing is 62% less expensive than traditional marketing, it creates 3x more leads. So, if you’re looking for tips for reducing B2B marketing costs, then consider investing in content marketing. You can start with simple things, such as adding a blog section to your business’s website.

  1. To Boost Your Website’s Visibility

Most companies assume that having a website is enough to generate leads, yet it’s not. You must work on improving the website’s visibility to boost traffic and leads. And that’s why you need to invest in content marketing to leverage its power in boosting SEO ranking.

  1. To Build Brand Trust

Ordinary consumers have the leeway of buying from companies they don’t trust, which businesses lack. The reason is that most businesses spend a fortune, and they can’t deal with untrustworthy companies. So, as a B2B company, you must build brand trust through content marketing.

  1. To Shorten the Buying Cycle

Many B2B companies have a hard time expediting the buying cycle. The reason is that most of their target customers take forever to decide. To overcome this obstacle and enhance the conversion rate, invest in content marketing.

You want to use content to persuade potential customers why you’re the best business in the industry.

Boost Sales by Investing in a B2B Content Marketing Strategy

You need to invest in a B2B content marketing strategy to give your company an edge. The plan is to use content marketing to boost brand awareness and leads. Also, content marketing will boost your website’s visibility and build trust.

So, to achieve all these goals, seek the help of the top B2B content marketing agency.

Please check out our other articles for more business, finance, and investing content.

 

by
Read More
In Business

Gamma Capitals Review – What to Expect from this Broker? 

No Comments

When you have made up to trade in the financial markets, you would obviously be eager to begin. However, this doesn’t mean that you throw caution to the winds and sign up on the first platform you find. If you have done any research, then you should understand that the broker you choose for your trading journey is integral to your trading experience. Thus, it is not a decision you make in a couple of minutes and without any research. You have to know what to expect from a broker and this Gamma Capitals review is exactly what you need, if you are considering this platform. 

Located in Limassol, Cyprus, Gamma Europe Ltd. introduced Gamma Capitals as a trading brokerage for facilitating traders in different parts of the world. Even though it is relatively new in the market, they have managed to develop a loyal following and this is because of their quality services. What can you expect from this broker? Read on to find out:

Asset offerings 

You need to know what assets you can expect to trade via a broker before you open an account with them. This saves you from having to go through the registration process, only to find your preferred instruments are unavailable. The asset offerings at Gamma Capitals are such that every trader will be able to find something that appeals to them. They have added a wide array of trading instruments for their clients and this allows you to enjoy plenty of flexibility. 

You can trade in some of the world’s leading financial markets and this includes forex, commodities, cryptocurrency, stocks and indices. This variety allows anyone who signs up with Gamma Capitals to diversify their trading portfolio for minimizing their trading risks and giving their returns a good boost. 

Sign up procedure 

It is also essential to take a look at the sign up process of a broker to know what requirements, if any, you will be required to fulfill to open an account. This step can often be intimidating for people because some platforms have very complex and lengthy requirements. Luckily, this is not something you need to worry about with Gamma Capitals because their sign up procedure is quick and straightforward.

When you want to open an account with Gamma Capitals, you will only have to visit their website and fill out the form that opens up when you click on the ‘Open Account’ option. You have to enter some simple details, like your first and last name, phone number, location and an email address and a password. Agree with their Terms and Conditions, confirm your age and the process is over.

Trading software 

You also need to know what to expect in terms of trading software because this plays the most important role in your overall trading experience. The good thing about Gamma Capitals is that it definitely doesn’t disappoint. You will find that they have developed an innovative web trading platform that doesn’t have to be downloaded anywhere. You can access it through the browser and enjoy superior trade execution, along with one click trading. 

They have also added the MT4 trading platform, which is known as one of the top software in the market. Most importantly, you can also download mobile trading apps that Gamma Capitals has added for both Android and iOS ecosystems, so their clients can trade on the go. No matter which platform you go for, you will experience no trouble in navigation. In addition, they have been added with some of the best trading tools in the market, which can help you in making the most of your trading activities. 

Final Word

Along with these offerings, you will also see that Gamma Capitals has ensured a safe trading environment for its clients and are very supportive in terms of customer care and educational resources that can lead to a good trading experience for everyone. 

by
Read More
In Loan

What Are The Benefits To Refinance A Mortgage?

No Comments

The time when a downturn occurs in the interest rate of a mortgage is the best one to refinance it. 

Paying off an existing loan and then regaining a new one in place of it is usually translated as mortgage refinance. Refinancing a mortgage calls for several reasons. 

The main reasons lie in its irresistible benefits, which will be discussed below in this article.

1. Lower Interest Rate

A better mortgage silverdale wa or lower interest rate can be the most influencing reason for a borrower to refinance it. If a sudden dip has occurred in the interest rate of the mortgage, you can opt to refinance it at current rates.

The other reason for refinancing may also be your improved financial condition that makes you eligible for a lower rate.  

2. Reduced Monthly Payments

Lower monthly payments can be in your hands for a lower interest rate. Moving the date of payment further for a mortgage will help you pay less in a month. 

It is when your mortgage payoff date coincides with the old home loan.  

3. Strive To Make Early Payments

Shortening the mortgage term will save you money in terms of interest rate. Try to agree with a borrower for a short-term agreement because it helps to pay the mortgage off faster. 

Most of the borrowers provide the lenders with the option of a 30-year home loan which can then be reduced to a 15-year fixed loan rate. 

The 15-year mortgage rate is quite lower than 30-years, so making early payments or shortening the term of the agreement can save you from a big payment amount.  

4. Prefer Fixed-Rate Loans

ARM (adjustable-rate mortgage) can extremely hit your wallet in case of rapidly fluctuating interest rates. 

If at this time you hold ARM, prefer to refinance it to a fixed-rate loan for a constant interest rate for the remainder of your mortgage. It will help you out to stay safe and unconcerned about increasing payments if rates increase.  

5. Obtain Cash-Out Refinance To Pay Off Debts

The benefit of mortgage rates as compared to other debt rates is that they are usually lower. To pay off debts, obtaining cash out can be a better option. It is because it reduces total monthly and interest payments.

Mortgage can also help you out in lowering monthly payments against the debt principle as it can be held over a longer period. 

Moreover, cash-out can help you access your home equity which you can use for multiple purposes, e.g., paying off large debts rates, home renovation, medical bills, legal expenses or university tuition, etc.

6. Mortgage Better Than Debts For Any Purpose

Cash-out refinance is better again here. With it, you can ask for a money loan against your home equity to fulfill any financial concern. How does it work? 

A closing check is performed, and the amount of borrowed money is added to your mortgage principal. Why is a mortgage better than debts? Here is the reason behind the lower interest rate for a mortgage in contrast to other high-interest rate debts. 

Moreover, these debts are also tax-deductible, so you can save a lot by getting funds through a mortgage. 

7. Remove A Person From A Mortgage

Refinancing provides you the facility of removing a person from a mortgage when he/she is no longer responsible for the loan. 

It mostly occurs in divorce cases. It can also be done to eliminate the name of a co-signer when there’s no more need for his/her support.

Wrapping Up

In the light of the above discussion, mortgage refinance benefits you in several terms and ways, e.g., it helps to reduce your monthly payments, lower the interest rate, have better investment as compared to high-interest debts, and many more. 

But the only thing you need to learn is how to utilize the opportunity well. However, mortgage refinancing will not disappoint you either. 

by
Read More
In Business

Tax Lawyer vs CPA: What’s the Difference?

No Comments

That time of the year is upon us once again: tax season. Time to gather your W-2s, 1099s, and get all your receipts and documentation in order.

Some people just have to file a single piece of paper and move on with their lives. For other folks, tax time is a stressful few months of pulling together business expenses, pay stubs, donation receipts, and more.

If you’re in the second camp, you may be wondering, “Could I get some help with my taxes? What’s the difference between a tax lawyer vs CPA? Who should I reach out to for help with this?”

If this is you, don’t worry. Keep reading to learn everything you need to know about the difference between tax lawyers and CPAs.

What is a Tax Lawyer?

Tax lawyers, sometimes also called tax attorneys, are experts in tax law. They have to pass the bar exam and have spent years studying the intricacies of the legalities of taxes. A tax lawyer is trained first and foremost to represent clients in legal disputes surrounding liens, wage garnishment, and fines.

One of the benefits of connecting with a tax lawyer is that your conversations with them as a client remain confidential, meaning that you don’t risk incriminating yourself through any of the details that you share with your lawyer.

What is a CPA?

A CPA, or a Certified Public Accountant, has to have a degree in accounting, business, or some other form of finance education. They also have to pass the CPA exam and complete an extensive number of supervised hours in order to get their certificate.

CPAs are well-versed in all areas of tax law and regulations, and they are experts in filing taxes and various forms of financial recordkeeping.

Tax Lawyer vs CPA: Who Do You Call?

If you’re simply looking for some assistance with filing your end-of-year taxes, connect with a CPA. They can help you with most of your day-to-day questions and can even help you navigate an audit from the IRS.

If you need to get legal help for taxes, you should contact a tax attorney. They can help if you owe the IRS money, want to submit a claim, or need representation in court. They’ll work with you to set up monthly payments, or even get your debt settled for less than the amount you owe.

Go Have the Best Tax Season Ever

Now you never have to wonder, “What exactly is the difference between a tax lawyer vs CPA?” Remember: these professionals are here to help you, and you should ask for their help if you need it! Go forth and use this knowledge to find the help you need to make your upcoming tax season stress and worry-free.

Looking for more advice on how to take control of your finances? Check out one of the many articles in the business, finance, and other sections of our site. We have all the information you need!

by
Read More