Archive for September, 2007

Loan at 0% rate of Interest

Sunday, September 30th, 2007

It is really great to hear, “Avail 100 % finance on 0% rate of interest rate”, It mostly happens in the Electronics and Car or two wheeler finance. But have you ever checked if it is really 0% rate. There are many things we do not calculate, especially when we are going for 0% rate. Let me ask you one question, Can you provide your services for free?? Or can you lend me some money for say 6 month or one year for free?? Your answer will be “NO” and it is right too, why should I worked for you for free and why do I lend you money if you will not give me anything in return. So why do a company pay you a specific loan amount at 0% rate.

How do they Manage??

There are lots of things the finance companies take into mind before offering a loan on 0% rate. (more…)

Where is US$ going??

Thursday, September 27th, 2007

US$ is no doubt the whole world’s common currency and most of the international trade is based on US$. But for last few years it is loosing its shine in International market and other currencies like Euro, Canadian $, Australian $ are getting stronger if we compare them to US$. Even the weaker currencies like Indian Rupee is standing at last 10 years high against US$, according to the latest studies.Why US$ is weak??

here are lot of reasons behind this and everyone has his different thinking behind it. And the most common reasons which a simple person can understand are

  1. The basic principle which we used in 20th century is that US is printing more US$ as compare to their reserve Gold. It should be backed by the Gold if you are printing more paper currency and US $ has lost its Value almost 50% against Gold since 2001.
  2. Second Big thing which comes in mind is US’s expenditure on War against terror.
  3. (more…)

Mortgage Loan Refinancing

Tuesday, September 25th, 2007

Mortgage Refinancing means applying for a secured loan so that you can pay an existing loan secured by same asset. In simple words we can say that suppose you have loan on your home and you want to change its few conditions like time period, rate of Interest or anything else. For this you can refinance that home and can pay the old loan and start a new loan if you get more finance by refinancing for the same asset you can also pay your other bills, pay-off your credit card bills or can invest in stock market.

Before applying for a Mortgage Refinancing you should always take care of few things most important is
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