D' Finance Bench

The Right Place To Sit At For Financial Advises

A Frugal Lifestyle

The word “frugality” has left a more negative connotation for most people than simply being a saver, a cheapskate or tightwad. There is a thin line difference to saving and too much frugality to the point of being awkward and ridiculous. This is where the negative connotation comes from.

But if you are guided with the right principles and reasons in deciding to live a frugal life, you would never go wrong.

If you have decided to live frugally, no need to be worried of insults. Keep your head up high. And keep your focus through these tips. Continue reading

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September 23, 2012 Posted by | Money Management | , , , , , , , , | Leave a comment

Ways to Make Cents at Home

MoneyIn the midst of all these skyrocketing prices, come the how’s, ways and means to save money and earn extra.

There are creative but practical ways you can engage in to help the family save and at the same time earn extra. The things that have been sitting in your attic for sometime and those that become all too familiar and useless might mean extra bucks. This way, it saves you space, cleaning materials and containers. This reduces maintenance expenses.

Garage sale at home is a save-and-earn endeavor for starters. Look at the success of flea markets where people can buy almost anything at a lower price but large amount of income for vendors.

How to maximize the potential of flea markets and bargain sales to help you save? Primarily, a flea market is a place where almost all who have something to sell can sell for tremendously lower costs but good quality items. If you have the right tools and enough preparation for a day’s trip to a flea market, then you are ready to go with some handy tips: Continue reading

September 23, 2012 Posted by | Money Making | , , , , | 1 Comment

How to Avoid Foreclosure

Foreclosure is a very stressful ordeal. Many homeowners that are facing foreclosure often avoid dealing with the facts that put them into this situation in the first place.

While there are some home owners that knowingly engage in mortgage fraud and never intend on making a single payment, most homeowners are honest people who have simply been caught in unfortunate circumstances.

Many homeowners facing foreclosure have made payments faithfully for years, but they find themselves in a situation where they are simply unable to make the payments anymore.

There are numerous reasons why home owners can be facing possible foreclosure. Job loss is one of the most common. Having a sudden illness or medical emergency can also be a reason for not being able to make house payments on time.

There are other extenuating circumstances, such as divorce or the inability to pay an interest rate that has increased. No matter what the cause for the situation, there are several steps you can take in order to avoid foreclosure on your home.

The best defense is a good offense. Don’t ignore the situation. Don’t just toss the letters from the mortgage company into the garbage and avoid phone calls. If you know that something is happening and that you will be unable to pay your mortgage payments on time, the very first thing that you should do is call your mortgage lender.

The second thing to remember is that your mortgage holder does not want to foreclose on you. Most mortgage lenders want to work out some sort of payment schedule so that you can keep your house and they will be able to get their payments.

Be honest with the mortgage company. Let them know what your situation is and when they can expect to have a payment. Your main goal is to keep the mortgage company from filing a Notice of Default. If a lender files a Notice of Default, your options are severely limited, so you need to take control of the situation and make the first move towards finding a resolution.

By contacting your mortgage company in requesting time to make up the payments that you have missed, you’ll be well on your way towards avoiding foreclosure.

September 23, 2012 Posted by | Mortgage | , , , , , , , | Leave a comment

How To Modify The Terms On My Loan?

Today, consumers are now allowed to modify the terms of their loans if they are incapable of paying the premium as stated on their original contract. Note that you cannot just modify your loan simply by declaring to the lender that will not be able to pay because you are broke. You must show proofs (legal papers, e.g bankruptcy declaration) that you are incapable of re-paying your financial obligation.

Here are the common methods used by majority of consumers to lower their loan terms. You may ask a professional financial adviser of how these things run and the complete set of documentation required for your case. Continue reading

September 21, 2012 Posted by | Loans, Mortgage | , , , , , , , , | 1 Comment

Things That You Should Know About Home Mortgage Rates in Canada

Home mortgage premium rates in Canada changes from time to time. The current market status is the general reason why there is inconsistency on mortgage interest rates. Various products have been offered by different financing companies to consumers. Generally, the interest rate of home mortgages in the areas of Canada ware based from the rate of bonds that was issued by the Bank of Canada. The bank’s current rate is what indicates the country’s current status affecting all the things on where financing is involved. Canada Mortgage and Housing Corporation (CMHC) is an agency that provides mandatory rules to financing companies in the areas of Canada. These rules keep the balance and fairness in between the borrowers and the lenders. Continue reading

September 3, 2012 Posted by | Mortgage | , , , , , , , , | 1 Comment