Thursday, May 31, 2012

Creative Financing - Ten Ways

Do all the creative financing techniques you hear about really work? Yes, actually. They probably have all worked somewhere for someone at least once. The point isn't if they will all work for you. The point is to know what is possible, so you can find your own creative ways to invest in real estate. Here are ten methods to get you thinking.

1. Hard money lenders. You can ask around or find these online. They specialize in short-term loans at high interest. You typically use this type of financing for a "fix and flip." You can often get the money fast, and if you make ,000 on a project, who cares if you paid ,000 interest in six months.

2. No-doc and low-doc loans. No (or low) documentation of your income or credit required. Again, you can find banks that do these online now. The catch is that you will only be able to borrow up to 80% of the purchase price or property value. If you have 10% in cash, you might be able to borrow the other 10% from a friend or the seller.

3. Seller-carried second mortgages. Sometimes a bank will loan you 90%, and allow the seller to take back a second mortgage from you for 5%, leaving you needing only 5% for a downpayment.

4. Land contract. Called "contract for sale" or other names as well, this just means the seller lets you make payments, and delivers the title upon payment in full. I sold a rental this way for ,000 down, because I wanted the 9% interest, and the higher price I got this way.

5. Credit cards. If a seller will take ,000 down on a fixer-upper that you expect to make ,000 on, why not use credit cards? This is a true 0-down deal for you, and if you turn the project in six months, you will have paid 0 in interest on an 18% credit card. Don't let 0 get in the way of making ,000.

6. Retirement accounts. The laws get pretty complex in this area, but you can check with a tax attorney to see how you might borrow from your own retirement account to finance real estate investments.

7. Friends and family. Keep it all business, if you use this source, but loaning you money at 7% isn't a gift if their money is getting 2% in the bank.

8. Note buyers. The seller needs cash. He raises the price, and sells to you for 0,000 with no money down, taking back two mortgages from you for ,000 and ,000. He arranged (or you did) for a note buyer to pay him ,000 cash for the first mortgage at closing, getting him the cash he wanted. You pay two payments now, one to each note holder.

9. Get a loan on other property. Interestingly, if you take out a home equity loan for a vacation, and then forget to use it for that, you can use it for the downpayment on an investment property, without violating the rules of the bank that gives you the primary mortgage. In other words, you got in with no cash of your own.

10. Partnerships. For bigger projects, you could arrange for five investors to each put money into a partnership, with your share being the management responsibility instead of cash.

Wednesday, May 30, 2012

Believe, Think And Behave Like The Multimillionaires And Billionaires.

Copyright (c) 2006 Leo Foster. This is copyrighted material. You may reprint this material as long as you do not change, add or delete anything. It must include author's name, Copyright Notice and URL. All rights reserved.

There is ONE and ONLY ONE REASON for failure in any business venture: a losing Self-Image.

There is ONE and ONLY ONE REASON for success in any business venture: a powerful, winning Self-Image.

Your Self-Image is your most valuable possession. It is your identity (ID), which you carry with you wherever you go. It determines who and what you are, what you can or cannot BE, what you can or cannot achieve, what you can or cannot have, It determines how healthy you are, how successful you are, how much money you have, what kind of relationships you can or cannot have. Your Self-Image is made up of all the beliefs, values and rules you have about yourself, the world and everyone and everything in it. These beliefs, values and rules you hold automatically determine your attitudes and behaviors. Your outer world is simply the "out-picturing" of your 'hidden' Self-image.

With a winning Self-Image everything becomes easy. The most difficult goals are achieved. With an inadequate, loser Self-Image, the simplest and easiest of goals turns into a failure.

With a winning Self-Image just about everything becomes possible. With a negative, loser Self-Image everything turns into failure and disappointment.

Unfortunately, all those limiting, destructive, restricting beliefs, values and rules (and their resulting attitudes and behaviors) are stored very deep in the recesses of your own Subconscious mind and out of your conscious awareness.

Looking at and analyzing his/her hidden Self-Image must be the FIRST thing everyone does before embarking into any business venture - no matter what type of business it is.

Most people FAIL miserably because they never look at the their Self-Images. Most never know such a thing exists or believe it has nothing to do with their success or failure.

The mistake most people make is to attempt to be successful money-makers, become money magnets, make money fast, get rich, be millionaires or multimillionaires and have lots of money in the bank BEFORE looking at the Self-Image that is going to achieve all those goals. They JUMP before they LOOK!

Most people simply start buying money making programs to make money at home, make money on eBay, work at home, make money online, make money with a website, make money on real estate or investing in the stock market or commodities. These people should NOT blame those programs for their failures. They never even think about asking themselves some basic questions such as "Do I really believe I am going to succeed?", "Do I have what it takes so win?", "Is it going to be easy and fun or really hard and complicated for ME?"". This is simply one way to look at their hidden Self-Images, without using that name.

Do you believe your Self-Image is adequate enough to allow you to achieve all your financial goals? How do you know that since you CANNOT SEE your Self-Image?

Beliefs such as "I am a success". "I am a winner", "It is real easy for me to make money". "I am a money magnet" and similar positive beliefs are NOT the ones keeping you from having all the money you want.

Useless beliefs such "I am a loser", "I am a failure", "I am not good at making money", "We can never afford it", "It is so hard for me to make money", "Life is hard", "Making money is a constant struggle for me", "The more I try, the less money I have" are the culprits of your failure achieving your financial goals.

And how about "Money is not that important", "I'd rather be honest than rich", "There are more important things than money"? These are known as 'values'. And if you indulge in any of those thoughts, you can be certain that you place very little priority on making money. Other things are more important to you that money. With those values you will NEVER make the money you desire. With those values you will never be motivated enough to create that burning desire and invincible spirit that will not rest until victory is achieved. Just the opposite. You will automatically do everything to continue in the struggle you are experiencing right now.

If you have those 'useless' beliefs and values, you will constantly sabotage yourself and subconsciously do anything to AVOID taking the necessary steps in the direction of making more money.

You can buy all the programs to make money online, make money from home, make money on eBay, open your own business. You can buy the most famous investment program or real estate courses where people a lots less competent than you are winning and making money. You can study all you want about making money in the stock market or commodities. And maybe you are one of those people who already spent lots of money and energy on those programs only to find out that NOTHING seems to work for you!

But UNLESS and UNTIL you identify and eliminate those 'useless' beliefs and values that are negative, destructive and which LIMIT your ability to attract and make the amounts of money you desire . . . .unless you change your inadequate, loser Self-Image . . . NOTHING WILL WORK FOR YOU!

It is not enough for you to become aware that you do not give high enough value to money, that you believe it is real difficult for you to make money, that you believe that it is better to give than receive and/or you believe you will never be rich. Or any other type of limiting, destructive beliefs or values.

THEY MUST BE ELIMINATED COMPLETELY from your mind and your thinking!

Most books, courses and seminars do not show you ways to eliminate/erase all those limiting beliefs and values, attitudes and behaviors that are making you a REPELLENT to money -- and your life a living hell!

As long as these limiting, destructive beliefs and values stay in your Subconscious mind, no amount of positive thinking will help. You will continue having struggles with money. You will continue having a hard time making enough money to survive. All the actions you take will be exactly the ones needed for you to FAIL again and again.

YOU will not win and will not make money. NOT until you remove all those BLOCKS from your Subconscious mind and 'imprint' the right new beliefs, values and rules - which will automatically cause you to have the 'right' winning attitudes and behaviors, and attract the right people, situations, conditions and circumstances. Change your Self-Image or ANYTHING ELSE WILL FAIL.

It is NO fun to lose. It is NO fun to fail. It is painful to lose. It is PAINFUL to fail. It is very PAINFUL being considered a LOSER by the people in your life.

And it is even MORE PAINFUL to have to come up with all sort of excuses to explain to your family members and friends why you are not succeeding - and try to explain it in such a way as to avoid being considered a LOSER by them.

And, in spite of all your effort to hide it, you KNOW they all see you as a big LOSER! They may not say anything, they may even agree with you. But, in their minds they all think you are a BIG LOSER! And that is incredibly PAINFUL.

You can continue experiencing that deep, hurtful PAIN of destroyed expectations and unfulfilled dreams, and continue suffering and experiencing an ever increasing level of frustration, disappointment, failure and PAIN in your life.

Or, you can end it all by learning HOW TO get rid of all your negative, limiting beliefs, re-build your Self-Image into a powerful one, make you supremely self-confident, make you think, believe and behave like the multimillionaires and billionaires, and give you all the tools to achieve the success and financial wealth you always dreamed about.

Once you make the necessary changes in your Self-Image, you will be able to clearly see the EXACT type of business BEST suited for you (make money online, at ebay, investing, real estate, you name it!). And it will be easy and even fun to take all the steps necessary to FINALLY succeed.

You do not need to settle for less when you can have just everything you always wanted.

Be a money magnet: Make money fast, get rich and be a millionaire the easy and fun way - using your mind!

YOU CREATE YOUR OWN REALITY. Right now, you seem to be creating a very PAINFUL reality. You can continue to suffer if you want to. I doubt this is your choice, though.

Therefore, when you get to that point where you sincerely say to yourself "THAT'S ENOUGH", I HAD IT", and you are ready to stop the PAIN of losing and failing, and start having FUN and SUCCESS, learn HOW
TO change your Self-Image and HOW TO DOWNLOAD into your own mind the winning Self-Image of the millionaires, multimillionaires and billionaires.

Once you DOWNLOAD it into your own mind, you will start believing like them, thinking like them, behaving like them -- and consequently achieving similar results practically 'automatically'.

The ONE thing that is keeping you from learning and using the tools and techniques to be a millionaire is your inadequate Self-Image, the FIRST thing you must change if you want to succeed.
= = = = = = = = =

Mel Gibson Astrology Predictions

Mel Gibson is an American actor, film director, producer, and screen writer who is in the news currently for having domestic violence problems with his ex girl friend Oksana Grigorieva. Mel Gibson (born Jan 3, 1956, 16:45 PM, Peekskill, NY) is a Gemini ascendant with ascendant degree at 21 degrees 50 minutes. The lord of first house (self) and 4th house (real estate) is Mercury, and Mercury is in conjunction with 5th house (entertainment business) lord Venus in Capricorn sign.

In Mel Gibson's chart as the lord of 1st house is also ruling the 4th house as well and Rahu in the constellation of Mercury gave him multiple real estate properties. The lord of 7th house (Marriage) and 10th house (Career) Jupiter is in the constellation of Ketu in Taurus sign which represents Venus, the lord of 5th house of entertainment business as well, as Libra sign falls in 5th house. Ketu is in the constellation of 2nd house lord (Finance) Moon, and Moon is in 4th house of real estate. So the connection between the 10th house lord and 5th house lord through Ketu gave Mel Gibson a career in entertainment business. The connection between 7th house lord and 5th house lord gave him a marriage with Robyn Moore Denise that lasted 29 years. The lord of 5th house (children) Venus is in the constellation of 2nd house lord Moon, is strong for 5th house matters, that is why he has seven children.

Mel Gibson got divorced on April 13th, 2009 soon after he entered Saturn Mahadasha in June 2008. Saturn is the lord of 8th house of punishment, fine, suffering in life, dangerous situations, and fights in relationships and 9th house of change in career, and is in 5th house of love affairs in its own constellation. So Saturn connects the 8th house, 9th house and 5th house in one stroke. The evil Saturn from 5th house aspects all important planets in Mel Gibson's astrology chart. Natal Saturn aspects the natal position of the ascendant lord Mercury by its 3rd aspect and the natal position of the 7th house lord Jupiter by its 10th aspect. At present transit Saturn in Virgo is right near the natal position of the 2nd house (money, finance) lord Moon which indicates financial loss, and is aspecting the natal position of the Mahadasha lord Saturn in Scorpio by its third aspect is not good at all when Mel Gibson is having problems with his ex-girl friend. The 7th house lord that represents his ex girl friend and his fans is Jupiter, is badly aspected in transit by the mahasdasha lord transit Saturn, and is giving him problems with his ex girl friend and his fans. Jupiter is also the lord of 10th house of career, so Mel Gibson's career is stalled at present. Saturn mahadasha will bring a big change in Mel Gibson's career as Saturn is a strong significator of 9th house which represents a change in career and is not good for the career as 9th house negates 10th house matters. Saturn mahadasha will be a sensitive time for Mel Gibson as Saturn is a strong significator of 8th house of punishment, suffering in life and quarrels in relationships especially when Saturn will be in Scorpio and will aspect the natal position of the ascendant lord Mercury and the natal position of the 7th house lord Jupiter from Dec 2014 to Dec 2015.

Gurmeet Singh Astrologer

Tuesday, May 29, 2012

The Facts About Bankruptcy Dismissal

Bankruptcy provides an opportunity for someone experiencing financial hardship relief from overwhelming debt. By filing for bankruptcy a debtor can petition to have their debts expunged through a Chapter 7 bankruptcy or develop a debt repayment plan that outlines more financially favorable terms in a Chapter 13 bankruptcy. Filing a bankruptcy petition serves to protect debtor from negative consequences associated with defaulted payments on debts. By the time you have defaulted on payments to creditors, your credit standing has been negatively impacted. Although filing for bankruptcy will be reported to credit agencies, it does afford an opportunity to begin repairing your credit as soon as you receive a discharge of your debt. However, not everyone filing for bankruptcy will receive a debt discharge, but instead may have their petition denied in a bankruptcy dismissal.

Voluntary Dismissals

If you filed for a Chapter 13 bankruptcy, you may voluntarily request a bankruptcy dismissal. Typically, a dismissal is only voluntarily requested if they courts notify the debtor that their debts are not dischargeable through bankruptcy. You may also request a dismissal if you secured enough income to repay your debts without the aid of bankruptcy. In a Chapter 7 bankruptcy, there is little freedom to request a dismissal. Once a bankruptcy petition is filed in a Chapter 7 bankruptcy, the court must approve a voluntary dismissal.

Involuntary Dismissals

Most often, someone receiving a bankruptcy dismissal is the decision of the bankruptcy court. The court will dismiss your bankruptcy case if you failed to follow the court order or pay the necessary fees. Bankruptcy laws require anyone filing for bankruptcy to complete a credit counseling course, failure to complete this course can lead to the dismissal of your case. Another reason your case may be dismissed if you have not filed a tax return over the four years preceding your bankruptcy petition. Also, your bankruptcy case is likely to be dismissed if you fail to make the necessary payments outlined in your Chapter 13 plan without requesting a voluntary dismissal.

Consequences of a Bankruptcy Dismissal

Dismissal can lead to negative consequences for the debtor, resulting in more problems than prior to filing for bankruptcy. Once a case is dismissed, you will no longer be protected from collection efforts by creditors. You will be responsible for managing their debt payments to creditors without assistance from bankruptcy provisions. Dismissal from bankruptcy also means you are no longer protected from further damage to your credit standing. The Fair Credit Reporting Act regulates credit reporting practices and allows a bankruptcy filing to remain on your credit report for up to 10 years. There is no guarantee the bankruptcy filing will remain on your report for that duration. You should be aware that even if you do not complete the bankruptcy proceeding, by receiving a dismissal, your credit report will reflect a bankruptcy. Receiving a bankruptcy dismissal can also lead to complications with future bankruptcy filings. Any disregard for court orders will prohibit you from filing for at least 180 days. However, you may be able to reinstate your bankruptcy if you received an involuntary dismissal due to failure to meet paperwork or fee requirements. Dismissals also affect your protection from creditors through an automatic stay, which prevents creditors from making collection attempts. If your bankruptcy case was dismissed within the last year, you are allowed only 30 days of protection from creditors with an automatic stay.

To protect your bankruptcy petition from being dismissed, contact a qualified bankruptcy attorney to assist you through the process. Your attorney will make sure you qualify for bankruptcy, help you complete and file all the necessary paperwork and even make payments on your behalf. It is important you are up front and truthful about your financial hardship and any assets you own. Hiding important information can lead to bankruptcy fraud, which carries serious legal consequences.

Monday, May 28, 2012

Consolidating Credit Card Debt

Consolidating credit card debt
Is consolidating credit card debt a good option?

Well, the answer will more often be yes than no. Consolidating credit card debt is often regarded as the first step towards credit card debt elimination. However, even before you move to take first step towards consolidating credit card debt, you must understand that consolidating credit card debt (or balance transfer) is an action that you are taking to eliminate credit card debt. Consolidating credit card debt is not a means of deferring the problem for later.

Consolidating credit card debt is indeed a good option in more than one sense. Not only do you get relief from the rapid increase in your credit card debt, but also get other benefits too. Offers for consolidating credit card debt are in abundance and are very attractive indeed. Almost all the offers for consolidating credit card debt have an initial low APR period during which the APR is generally 0% (or some low figure). In fact, this is one of the main things which make consolidating credit card debt a very attractive option. Besides this low APR, the offers for consolidating credit card debt also include things like no interest rate on the purchases made during first 5 months (or some other initial period) of balance transfer. This is another thing that lowers the speed at which your credit card debt gallops. So these are the two most important benefits that credit card suppliers deploy to attract people into consolidating credit card debt with them. Then there are other benefits which include things like additional reward points on the member's reward program of the credit card you are consolidating credit card debt to. These reward points can be redeemed for other attractive goods/rebates/rewards etc. Sometimes, the new credit card (i.e. the one you are consolidating credit card debt to) might be a credit card that caters more to your current spending needs both in terms of the credit limits and the way you spend your money. For example, the new credit card might be a co-branded one offered by an airline that you have started travelling with very frequently in the recent times and consolidating credit card debt on such a card may open up much more benefits as compared to your current credit card which was based on your needs at the time of you applying for your current credit card. The credit card you are consolidating credit card debt to might open up discount offers to you.

Sunday, May 27, 2012

Benefits Of Real Estate Business And Investment

In the domain of real estate business there is no need to be apprehensive as yet for the Americans, are still recovering from the fear of debts which had controlled their finances until recently and it is only with the help of such resources as a low interest consolidation or the best debt management programs that the citizens could finally get respite from the trap of debts. But now when the economy has started to look up from the financial void, it is time for the citizens to change their views about some of the businesses which are capable of providing better returns in the long run. Gone are those days when businesses were looked with greater awe. Though there are persistent risks which are involved with this business, it is of more worth to calculate the advantages of being involved in this business.
Let us have an overview of the same in the next few lines:
If you have been comparing an array of business opportunities lately, you will be glad to know that a real estate investment is less risky than other businesses and they are in fact quite stable provided that you have actually been able to encompass the pettiest of aspects that are related to this business, and you have taken this opportunity seriously. However the lesser risks are associated with such factors as stability in the rate of mortgage followed by the appreciating value of the land and various other socio economic issues.
There is no need to have a huge capital at least initially to start off with the business. The property can be secured by negotiating a lower amount, and some money should be kept for holding the property as a security.
A real estate investment will not tale up a hell of all your time but only if you are calculating and clear sighted about the prevailing marketing conditions at that point of time.
As far as investing in real estate is concerned leveraging still remains as the best option wherein you can invest a portion of your money and the rest can be borrowed from a bank or any other financial institution.
If you are able to select the correct geographical location, you are likely to get a high value of appreciation over a period of time.
Along with paying your mortgage debts you will be creating a home line of equity which is to imply that you will be able to approach the original price of the property without any debt.
Unlike other investments where you may lose a lot of your money for paying the tax amounts, the tax exemptions on a real estate investment is much more than any other business.
Therefore a real estate investment is the best bet for the value of a property is almost always on the rise which provides a good impetus for the growth of this business, but you have got to treat it with the necessary vigilance and the required acumen.

Saturday, May 26, 2012

Interest Rate Hedge Used To Mitigate Risk Of Loans

Subjecting themselves to interest rates risk will be any banking institution concern when making loans to customers. This is particularly true when the interest on loans is not fixed, but floats or adjusts according to the market or an index of some kind. Necessary to appraise the value of a loan, banks often find this a difficult job when the interest rates vary. When a bank carries a rather significant portfolio of loans whose value is not fixed, the problem is therefore compounded either negatively or positively. To be able to minimize the risk and prevent a major change in the value of the loans it makes, a banking identity may choose to make an interest rate hedge to ensure the bank's loan portfolio remains secure and profitable.

Entering into specific contracts with its borrowers allows the bank to create an interest hedge which protects them from loss. One form of contract is referred to as an interest rate cap. Not only requiring a fee from the borrower, this will cap or set a ceiling on the amount of interest that a borrower pays. For instance, the borrower can be protected against a rise in interest rate should a floating interest rate on the loan states that it cannot exceed above 8 percent, meaning the borrower has a specific cap, ensuring they will always be able to afford their loan as it matures.

Borrowers who are able to put a lower limit on the interest of their loan might actually get money back for being willing to enter a contract for an interest rate floor. This is another way that a bank can hedge its interest rate financial risk. Even if the market dictates that the interest on a loan should drop to 3.5 percent, if the borrower has consented to an interest rate floor of 5 percent, the borrower will pay the rate that is higher.

In some instances a borrower might choose what is called an interest rate collar. This is simply a combination of an interest rate cap and an interest rate floor. It puts both a lower and upper limit on rates of interest for the bank loan. These kinds of agreements are often without a cost because the fee a borrower might pay for the cap might be equal to the benefit it might receive for the floor.

Another way a bank can hedge the risk of interest rate modifications on a loan is to allow a borrower to enter into an interest rate swap. A swap permits a borrower to transform the floating interest rate on its loan to a fixed rate or one that doesn't change with the market. Any costs associated with the swap can be included in the rate change.

Banks can furthermore enter into contracts with their borrowers in what is known as forwards. By agreeing to something that can occur in the future is basically what a forward agreement is. Balloon payments is one instance of a forward, in which the loan could have a large amount due at the end of the loan. The borrower is thinking about renewing the loan at the end of the four month period but wants to lock in a fixed interest rate now. The locked in interest rate won't go in effect until a future date, thus, making this called a forward.

These are just a few examples how a lending institution protect themselves when entering into any type of loan as the interest rate hedge will ensure the value of their portfolio is certain to always be in their favor.

Wednesday, May 23, 2012


The Adobe InDesign CS5 qualification is one component of the Adobe Qualified Professional (ACE) qualification. The Adobe Qualified Professional (ACE) qualification was designed for visual artists, Web designers, movie professionals, program integrators and designers looking for identification for their skills with Adobe items. This examination costs roughly US 0.

It acknowledges an applicant's ability to use the features of the software for developing eye-catching animated, and use of page changes and control buttons for developing interaction when developing InDesign programs. After passing the 9A0-142 examination, you can generate credit towards the Adobe Certified Expert (ACE) qualification. After getting qualification of ACE you can get tasks as a visual artists, Web designers, movie professionals, program integrators and designers looking for identification for their skills with Adobe items.

After passing the 9A0-142 examination, you can generate credit towards the Adobe Qualified Professional (ACE) qualification. After getting qualification of ACE you can get tasks as a visual artists, Web designers, movie professionals, program integrators and designers looking for identification for their skills with Adobe items.

What to anticipate in the InDesign CS5 ACE exam?
This Adobe 9A0-142 examination includes multiple-choice questions. There are no example type questions and the exam is not flexible. You will be needed to effort roughly 72 questions in 120 minutes. And 78% of lowest represents are needed to complete.

Preparing for the Adobe 9A0-142 InDesign CS5 ACE exam
There is no shortcut for success. Several research that the best way to learn is to take a test! Exercise an assessment that is. Taking practice assessments before a following examination seems to be the most well-known method of learning, even more preferred that other well-known methods such as repeating and idea applying.

The 9A0-142 is the examinations essential to get an Adobe Qualified Professional on InDesign qualification. It includes the principles needed to use CS5 which is the most well-known and enhance edition of Adobe InDesign. All these principles and subjects are mentioned in prep-kits which are made by specialized group of professionals. It helps the hopeful to expert the examination and its effective execution in market. By exercising these components the learners will find it easier to break the examination in first effort.

What is covered in the Adobe's 9A0-142 InDesign CS5 ACE Exam?
The 9A0-142 protects following examination essentials:

1. Laying out a document: This purpose protects 18% of examination questions and 13 questions are requested from this.
2. Working with text: This purpose protects 21% of examination questions 15 questions are requested from this.
3. Working with tables: This purpose protects 7% of examination questions 5 questions are requested from this.
4. Managing graphics: This purpose protects 10% of examination questions 7 questions are requested from this.

5. Understanding shade and transparency: This purpose protects 8% of examination questions and 6 questions are requested from this.
6. Creating and dealing with long documents: This purpose protects 10% of examination questions and 7 questions are requested from this.
7. Building Entertaining Documents: This purpose protects 8% of examination questions and 6 questions are requested from this.

8. Importing, forwarding, and dealing with cross-media: This purpose protects 8% of examination questions and 6 questions are requested from this.
9. Managing prepress and printing: This purpose protects 10% of examination questions and 7 questions are requested from this.

Monday, May 21, 2012

Va Home Loan With Bad Credit: Facts To Consider

Military veterans face the same financial challenges as the rest of us, especially when it comes to buying a home. But thanks to the Department of Veteran Affairs (the VA), they have been given a clear advantage that can help them buy the property they want, even with a poor credit history. Getting a VA home loan with bad credit is made simple.

Mortgage providers do not grant loans to just anyone, and there are plenty of stringent rules that work against veterans. As former military members, they earned a good but not large income, so the ability to buy a home is limited. Approval despite bad credit might seem unlikely, but through the VA, a mortgage is made much more affordable.

Of course, the VA does not issue mortgages, but simply underwrites them, guaranteeing 25% of the total sum borrowed. That is enough to make the difference necessary, making a VA home loan the mortgage of choice for veterans and their families.

Qualifying for VA Assistance

There is an idea that, when seeking a VA home loan with bad credit, simply being a former member of the armed forces, home guard or coast guard is enough to ensure qualification. But this not actually the case. There are criteria to meet, and rules that need to be adhered to.

For example, applicants will not succeed if they have defaulted on a loan recently, or if they have been ruled bankrupt at any time in the previous two years. The reason is that to gain approval despite bad credit, the lender needs to be satisfied the risk is minimal. And the lenders are not the VA.

However there are conditions to these rules too. With bankruptcy, for example, if it was brought on by circumstances beyond your control, then the wait to qualify is reduced to just one year. And if bankruptcy involved repaying some of the debts, then it is possible to apply for a VA home loan immediately.

The Role of the Credit Score

As with any kind of loan, improving the credit score helps the applicant greatly in securing a VA home loan with bad credit. There are ways to improve the score, with small personal loans useful in clearing individual outstanding debts. However, when bankruptcy was a feature in the past, there are other measures to take.

When confirmation of a bankruptcy discharge is received, it is a good idea to send a copy to the credit rating agencies. With this information, they will adjust the credit score upwards. Gaining approval despite bad credit is made easier when the term of bankruptcy is over.

Restoring the credit rating can also be done by opening up two secured credit card accounts, with modest balances (perhaps 0 each) allowing the borrower a chance to rebuild their credit score. And as the score improves, the chances of getting a bigger VA home loan increases.

Getting Secured Credit Cards

A great advantage with getting secured credit cards before applying for a VA home loan with bad credit is that credit scores can be improved in advance. Online lenders are easy to find on the Internet, and their secured credit cards are highly competitive in their terms.

Of course, the fact that secured credit cards are backed up by a deposit lowers the interest that is charged on them, but they present the opportunity to rebuild the credit reputation of the cardholder too. This improves the chances of getting approval despite bad credit.

But it is also worth remembering that the terms of a VA home loan ensure that the repayments are made more affordable. By guaranteeing 25% of the mortgage borrowed, the risk is 75% of the sum, thereby lowering interest and keeping repayments down. With an improved credit score, the savings can be even greater.

Car Loans: 3 Indicators of Trustworthy Car Loan Organizations

Are you currently trying to find car loans on the internet? You're not by yourself. There are actually plenty of folks who use the world wide web to gather details, read news, communicate, and shop. Shopping for auto loans online is practical, convenient, and straightforward for folks who are searching for cost-effective and fantastic rates. Thanks to the web, it's straightforward to discover auto loan lenders who supply reasonable and much better offers compared to the offers of traditional vehicle lending organizations. If you still haven't located the right auto loan organization with the services you are looking for, regardless of whether it is a car refinance or loans for folks with bad credit score, read these 3 signs to assist you minimize your list of companies.

They have a secure web site. Having a secured site is really a must amongst organizations selling products or solutions online. Before you log in any personal details, which includes your credit card details, make certain they have got a secure web site. Secure websites are characterized by https protocols on their URL. Also, they have got SSL certificates that confirm the security service they're utilizing. Doing transactions with web sites having the https protocol means the transmission of details from your internet browser to their web server is safeguarded and can't be employed for just about any other function. If you are only making use of an auto finance calculator, there's no need for the web site to be secure.

They have the BBB logo on their website. The BBB logo is usually situated around the homepage with the website. The Better Business Bureau is an organization seeking to develop a network of trustworthy organizations clients can assume to practice ethical conduct. This is a third party agency that gives business ratings from A+ (highest) to F (lowest) based on numerous elements such as company problems it has received, kind of business, background information, licensing and federal government actions, and more. Examine regardless of whether your favored organizations providing car loans are BBB accredited business to give you a peace of mind regarding their credibility and service.

They have a privacy policy. Privacy policies are created to shield you and also the business you are going to transact with. Study their privacy policy, generally located at the bottommost component of their site. It should include info about the organization and how they intend to use your individual info. Regardless of whether it's for everyday enterprise, marketing, or affiliate advertising purposes, they should be able to provide you with that info. Browse the privacy policy of organizations offering car loans very well to avoid any misinformation and future difficulty.

The use of auto finance calculator from organizations providing auto loans is safe to do in any website. Bear in mind, doing business with a automobile loan company must be carried out with a secure site to avoid identity theft and credit card fraud from occurring. To evaluate their credibility, read their privacy policy and do some groundwork regarding their enterprise on BBB. Securing these 3 can assist you to find the right organization.

Sunday, May 20, 2012

Mortgage Loans For The Self-employed: Making Home Purchase Possible

Everyone wants to buy a cozy home to live in, and everyone has the right too. But unfortunately what home can be bought depends on the mortgage that is deemed affordable. For many people with their own businesses, qualifying for a mortgage is a challenge, but mortgage loans for the self-employed are available to improve their chances.

The reason that the self-employed find it harder to secure mortgage loan approval is the lack of job security. A business can go to the wall, especially in these difficult financial times. But an employee does not have to worry about the same things, and are able to rely on their salaries more.

By providing the required documentation, it is possible to get the mortgage loan needed.

Criteria to Qualify

Because of the large percentage of the workforce that is self-employed, there are plenty of options open to that niche market. However, there is still a need to meet the necessary criteria to qualify for a mortgage loan for the self-employed. The criteria inevitably involves furnishing proof that the applicant has a business and that everything with it is fine.

The range of documentation is not that wide, but it is enough to ensure that everything is above board. Typical documents needed to secure mortgage loan approval include a business license, the business credit report and trading tax returns. With this information, lenders are able to ascertain just how secure the business is, and the level of debt the applicant already has on his plate.

Other proof required is that the income is reliable, that the applicant has been self-employed for at least 3 years, has no recent bankruptcies or foreclosures in the credit report, and proof of a down payment. Once these are confirmed, the chances of securing a mortgage loan are improved considerably.

Knowing Your Limit

Budgeting is hugely important when it comes to mortgage loans for the self-employed. And so it is a good idea that your limit is known before the application is submitted. The first step is to find out your credit score, and to check what effect it will have on mortgage terms like interest to be charged and the percentage purchasing price offered.

Efforts to secure mortgage loan approval may be extensive when going into this level of detail, however, the effort is certainly worth it. If the bad credit score is between 620 and 650, it will probably mean getting 65% the purchasing price. This means a down payment of 35%, or a second mortgage of that amount, is needed to push the purchase through.

Knowing what terms are around the corner allows the applicant time to put things in order before making the mortgage loan application. For example, improving the credit score to 680 could see 75% of the purchase price provided, or an excellent 700 ensuring an 90% financing deal.

Finding A Lender

Different lenders offer different deals, so finding a lender that offers a mortgage loan for the self-employed that has low interest rates and good repayment terms can require some searching.

Efforts to secure mortgage loan approval generally involve making concessions, but that is not to say that any terms should be accepted. A basic decisions is to choose between fixed rate and variable rate mortgages. A good lender will be able to advise properly on which is the most suitable option given your circumstances.

It is also worth considering options like a shorter term (15 years), or a mixed variable and fixed rate deal. Whatever the options, however, make sure it fits your mortgage loan budget, otherwise it could spell financial disaster.

Saturday, May 19, 2012

iPhone Apps Developers

We all know that mobile technology industry is growing very rapidly, and various technical devices are existing that is spreading smart phones market more and more. Today, many devices are available in the market and iPhone is the king among them. It has been launched by Apple Inc. that is a multimedia enabled and best for internet usage.

iPhone has created its own market in the mobile industry. It has created a competitive atmosphere in the market. It has come with the tremendous features and dynamic applications. It has amazing features that allow its developer to create tremendous applications for it. Thus, the demand and the market of iPhone apps developers have been increasing rapidly. Recently, Apple Inc. has launched iPhone 4 and iPhone OS 4 that are more advanced devices in this device series. The devices come with the new and advanced features that are beneficial for iPhone apps development.

Today, iPhone Apps Developers are developing applications for the following categories looking to the demand of the market:

Utility software
Business and finance
Traveling and outdoor
Social networking
Shopping cart/m-commerce

Experience and Skill in iPhone Applications:

If you are iPhone users and want to develop an application for it then you must check the experience and the skills of the iPhone apps developers working for the company providing mobile applications. Their experience and expertise will help you in search of best and professional Apple apps developers for your device. They are capable in creating dynamic apps that will make your device attractive and eye-catching. They are efficient in developing personalized as well as organizational level applications.

Full Knowledge of SDK:

iPhone application developers have the complete knowledge of iPhone SDK (Software Development Kit) to develop an eye-catching apps. They also have the perfect understanding of Apple store that enables them for the creation of user-friendly apps. They have a capability to create apps that suits your business, and easy to use.

Expertise in Custom iPhone Apps Development:

If you already have applications in your device and want to change it to make it dynamic, then you need an expert apps developer who can customize your apps and provides you fresh and user-friendly apps. If you have an idea to customize your application then they can create or develop it as per your idea and give a final touch to your thoughts.

Supportive Towards Clients:

iPhone developers or programmers are co-operative towards the clients. They do the work according to your instructions, and work only for your project, if you have hired them. They have developed eye-catching and creative apps for both personalized and organizational purpose. Hire iPhone apps developers is a tremendous service offered by mobile application developer company to increase the value of your iPhone.

Upgradation and Technical Support:

Apple apps developer provides great upgradation and technical support service whenever you are needed in your project. That is an additional benefit for you.

Thus, you can make your iPhone device more advanced, more entertaining and more powerful, if your applications are dynamic.

Friday, May 18, 2012

The Advantages Of Having An American Express Starwood Preferred Guest Card

American Express and Starwood Hotels & Resorts Worldwide, Inc. launch the Starwood Preferred Guest Business Credit Card for small business owners and the enhanced Starwood Preferred Guest Credit Card for consumers.

Cardmembers can take advantage of greater benefits and richer rewards, making it easier than ever for consumers, and now small business owners, to earn free nights at more than 825 Starwood hotels and resorts around the world and award flights with more than 30 airline partners.

Credit Card Features:

10,000 Starpoints bonus with first purchase ? enough for up to three free nights(1)

Double Starpoints on stays at participating Starwood Hotels & Resorts and purchases at select Starwood retail outlets, such as Bliss Spa and more(2)

Automatic upgrade to Gold Preferred Guest membership status by spending ,000 on the Card in each calendar year. Access to private sales with select Starwood retail outlets.

The new Business Card incorporates all of the improved benefits of the Starwood Preferred Guest Credit Card, as well as programs and services tailored specifically to the needs of small business owners, including the OPEN Savings(SM) program which was designed specifically for small businesses and gives automatic discounts on purchases at OPEN Savings(3) partners, such as Delta, FedEx Kinko's and JetBlue. In addition, the Business Card provides expense management reporting, an online spend tracking system and spending limits on additional cards that aid in better managing employee spending.

Credit Card Benefits:

One (1) Starpoint for every eligible dollar spent on the Card

Redeem Starpoints at over 825 participating Starwood hotels and resorts in 95 countries with no black out dates? if there's a standard room it's yours.

Transfer Starpoints to over 30 frequent flyer programs, most on a one-to-one basis

Receive 5,000 Starpoint bonus when you transfer 20,000 Starpoints to miles(4)

First year fee-free, and annual fee thereafter; fee-free additional cards

Automatic enrollment as a Starwood Preferred Plus member

Receive a 50% off certificate, good towards a Starwood hotel stay, upon Card approval and annual renewal

No limit on the amount of Starpoints a Cardmember can earn

Competitive Introductory purchase Annual Percentage Rate (APR) for six (6) months

Retail and travel protections such as Global Assist, Car Rental Loss & Damage Insurance, Purchase Protection Insurance, Travel Accident Insurance, American Express Card Baggage Insurance, Buyers Assurance Plan, Express Cash Emergency Card Replacement, Emergency Check Cashing, and 24-hour customer service.

The new Starwood Preferred Guest Business Card and enhancement to the Consumer Card are an expansion of the existing relationship between Starwood and American Express. The new Cards make it easier than ever for consumers and small business owners to quickly earn exceptional travel rewards through spending on their cards. Starwood and American Express have enjoyed a strong cobranded card partnership since 1996, when American Express first launched the ITT Sheraton ClubMiles Card.

Credit Card Benefits Eligibility Requirements:

(1) To be eligible to receive 10,000 bonus Starpoints, you must make your first purchase with the Starwood Preferred Guest Credit Card within one year of Card approval. Bonus Points will appear on your Starwood Preferred Guest statement 8-12 weeks after your first purchase. Bonus Starpoints are for first-time Starwood Preferred Guest Credit Cardmembers only. You may have more than one Starwood Preferred Guest account, however, if you have or had any such account you are not eligible to receive bonus Starpoints you may be offered for any other such account.

(2) You will receive one additional Starpoint for each U.S. dollar of Eligible Spending charged on your Card Account at Starwood branded hotels and resorts then participating in the Starwood Preferred Guest loyalty program, and at stand-along retail establishments and on-line stores that, in each case, are wholly-owned by Starwood Hotels and resorts Worldwide, Inc.

(3) OPEN Savings(SM): Payment must be made with an American Express Business Card. Savings will be credited to your American Express Business Card billing statement. All savings referenced are in addition to any offers made by participating companies. Participation and offers are subject to change without notice. Terms and conditions apply.

(4) A 5,000 Starpoint bonus is based on airlines with a 1 Starpoint to 1 mile conversion rate; equivalent bonus will be awarded in accordance with other airline conversion rates.

All rights reserved. Article may be reprinted as long as the content remains intact and unchanged and all links remain active.

Monday, May 14, 2012

5 Tips for a Less Stressful Busy Season

A good deal of CPAs develop a range of feelings about those crazy months leading up to April 15. They appreciate the hefty revenue that's part of the deal, which can support their practice for the rest of the year. Regrettably, too many ignore their accountant websites and other important aspects of the firm for months on end, and they completely give up on staying healthy. In spite of the extra money it brings, ironically, busy season can sink an accounting practice.

Check out how shrewd accountants maximize the profits of busy season while minimizing the stress:

1. They Invest in accountant websites That Do the Grunt Work for Them

During busy season, time is money. Taking precious time to file paper returns and fix broken printers slows accountants down - and ultimately equals less revenue.

To cut down on needless waste, smart CPA firms choose accountant websites that are loaded with time-saving tools and features. The following website features take care of a lot of the grunt work that can slow down a CPA during busy season:

- Secure file exchange

- Electronic tax prep forms

- PayPal or another credit card processing program

- Automated newsletter

- Frequently asked questions page

- Map and driving directions

2. They Update Their Accountant Websites BEFORE Busy Season Hits

One of the greatest contributors to stress is a disorganized work space. Paper piles and file stacks can easily overwhelm desks and surrounding areas when work load is at its peak. Important documents can get lost in clutter mountains leading to angry clients.

Accountants who prepare for busy season before the first of the year are more relaxed and more effective in their client work. These CPAs get their accountant websites all set to go, clean off their desks, and generally declutter their space. And they're careful to "hibernate" any projects that can wait until after April 15th by placing them out of the way where they won't add to the general chaos.

Once work starts coming in, it helps to spend a couple minutes at the end of every day to tidy up the office. Folks who do this report feeling empowered and well-prepared for the next day.

3. They Let Go of Dead Weight

All accountants have clients who trigger ulcers when they walk through the door. They complain, haggle over fees, even leave nasty comments on firms' accountant websites.

It may be hard to do, but it's okay to fire obnoxious clients, and smart CPAs terminate these relationships. The time accountants waste dealing with these troublemakers is better spent working with the clients who are easy and problem free.

4. They Know When to Ask for Help

Think of all the time-consuming, administrative tasks accountants perform each day: e-mail, processing and filing returns, updating their accountant websites, sending out client reminders, answering phone calls, etc. Wouldn't it save time to hand all this off to someone else?

Busy season is the perfect time to hire interns. Many interns are fresh from schooling and more than happy to get real-life office experience. It's a win-win situation that can greatly diminish CPAs' workload.

5. They Aren't Married to the Job

During busy season, many accountants work 10, 12, 14 hours a day - or more. But not all of them. The most successful CPAs set boundaries for themselves.

Take a page from their playbook. Instead of burning the candle at both ends, set a fixed time at the end of the day when you power down your computer and go home no matter what. A few more hours of sleep will greatly enhance your mood and boost your efficiency.

And remember to tell your clients that you can't work miracles. They should know that they MUST hand in their materials by a particular date or you'll be filing for an extension on their behalf. End of story. Don't let a client's procrastination be the cause of a panicked rush on April 14th.

This year, try out some of these tips - and most important of all, make your health and well-being a priority. Once a week, forget about accountant websites, tax organizers, and dissatisfied clients - and relax. Go to a some live music, draw a bubble bath, or make a date with your pals. When you do, you - and your practice - will come out of the busy season much better off!

Saturday, May 12, 2012

Your Ultimate Guide to Baby Developmental Toys

If you are going to attend a baby shower or have your own baby soon, you should consider buying baby developmental toys. Developmental toys for babies are anything that aids in your baby's development whether it is development of his motor skills, mental skills, and senses. Aside from helping them in their physical and mental development, these toys are also very fun and enjoyable. Your baby can have fun and at the same time learn new things for his development.
It is important not just to buy only one kind of developmental toy for your babies since these toys usually address only a single or a couple of developmental skills. You can buy several types of developmental toys and your baby will not get tired of playing with them. It is not enough to buy baby developmental toys. It is even more important to buy the right ones. Buying the right toys will ensure that your baby's needs are met. To help you choose the right developmental toys for babies, here are some things that you should know.
These toys come in different kinds. There are crib toys like rattle and hanging toys, stacking toys, shape sorters, books for babies, building blocks, and so on. These toys address different skills. For instance, baby books help babies recognize everyday objects such as milk, pants, bicycle, and so on. With your help, these books will help the baby learn how to name objects around him. Stacking toys and shape sorters help develop their problem solving skills and eye and hand coordination. They can play with other babies with these toys which can also help develop their social skills.
You have to know your baby's needs according to his age or skills. For instance, most one-year-olds can already sit by themselves. You can buy building blocks or shape sorters to babies who belong in this age group. For babies who still stay in the crib for long periods of time, you can give them crib mobiles or rattles to develop their sense of sight or hearing. Buying age-appropriate toys will ensure that your baby's needs are addressed. This will also prevent them from feeling bored if you buy toys that are too simple or frustrated if you buy too complicated toys for their age.
Make sure that the toys are safe. If you are going to buy plush or dolls, make sure that there are no small attached parts like eyes or strings like ribbons. Your baby might accidentally swallow the small parts or he might get choked with the ribbons or loose thread. The material used for making the toys should also be safe. Choose something that is hypoallergenic or non-toxic. You do not want your baby to get poisoned or develop rashes after playing with low quality toys.
You have to consider these things when buying baby developmental toys to ensure that your baby will not only enjoy but also help them develop their mental and physical skills. These are great gift ideas for your young ones on their birthday or this coming Christmas.

Wednesday, May 9, 2012

How to Succeed In a Credit Repair Business - 5 Rules

There is one business that has greatly prospered in the current economic recession - the home credit repair business. Unlike their larger counterparts, these micro businesses are often preferred because they tend to emphasize person-to-person relationships. While some of the principles that such small businesses adhere to for success might not be replicated on a large scale, most of them are worthy of emulation.

Here are 5 such rules that will be beneficial in all types and sizes of business.

1. Maintain confidentiality - Sure, you've heard it before. However, when it come to home credit repair business many find it difficult to follow this principle. If you wish to succeed concentrate on your efforts on your client's needs; how best to deliver your service; how best to do so on a bargain budget.

This is not a business where you just turn a bad credit report around; this is a business where you need to win the trust of your client. In this business trust is paramount because people will come to you with troubles that are very personal and sensitive in nature.

2. Promise less, deliver more - it's easy to guarantee fast credit repair, reversal of a bad credit report and so on. But, just how proficient are you to do so as a home credit repair business? Even if you are able to follow through on all your promises, it's definitely better to promise less than you can actually deliver.

Why? Because you will have at the end of the deal a delighted customer, who will be pleased beyond description with the service he or she has gotten. A happy customer could send you at least 30-40 referrals.

3. Be zealous about your work - so what if it is a small credit repair business? You have to put in your best efforts to deliver. You need to project an impression that you completely believe in what you say and for that you need to love what you do.

No matter what business you're in you will not succeed unless you are passionate about what you are doing and totally committed. In order to succeed in the credit repair business you need to not only be one hundred percent a believer, but also love to help people with their financial troubles. Unless you are in love with workbooks and numbers, economics, financial planning, and can counsel about finance management, you can not succeed in such a business.

4. Network, network, network - networking is the best market provider for any home credit repair business. In order to see your network grow rapidly you need to build a brand image that reflects trust and efficiency. People should come to you because they trust you and know that you have the ability to help them.

A person who has a bad credit report will be very upset if they find out that you did not honor confidentiality. Since your clientele will come initially from close friends, colleagues and family it is very important that you maintain confidentiality in every aspect.

5. Be the best - It doesn't matter if you stay a small business or plan to expand into a large one. The one thing that will differentiate you from the competition always, will be your ambition to be best and its reflection in your actions. People who come to you should be sure that they are getting the best credit repair money can buy.

Tuesday, May 8, 2012

Banking and International Operations of the Finance Industry

Banking is a highly regulated industry. It acts as a financial intermediary between customers with capital deficits and surpluses. The global regulatory authorities govern the banking and international operations by putting several restrictions, on the financial activities of the banks.

The banks generate revenues, by charging interest on the money lent. The bank pays lower interests on the deposits, and lends out money on higher interest rates. This allows the banks to profit from the differential interest rates. The banks charge a transaction fee, which is a form for their stable revenue. It also provides a platform for smooth financial performance. More active and revenue generating tool is, the provision of financial advice to their customers.

The financial system is an economic cycle, which depends on the requirements and strengths of customers needing loans. It is a way to channelize resources and interconnect financial institutions. It allows directing funds from household savings to the industrial sector, and enabling them to share risks.

The finance industry comprises of banks, stock brokerages, credit cards, insurance, investment and consumer finance companies. The international operations of the finance industry have to be run under legal international practices, regulated by leading authorities of the world. The changes and reforms in the banking regulations allow progressive policies and practices.

There are some financial institutions in Canada which they have the largest revenues and deposits. They carry the biggest market capitalization. The banks focus on investment banking services and, in particular middle market clients. The group of banks of Canada has been listed as the largest Canadian companies, which work internationally operational in several countries.

Of the major focus of the group of banks is the international operation. The banks invest funds in Caribbean region. The residents receive financial services provided by First-Caribbean international banks. Those institutions have a joint venture merging uniting the Caribbean operations. The banks not only cater to the financial needs of the residents, but extends its services to non-residents as well.

The banks are members of several bankers associations all over the Caribbean region. They also offer various financial services to students, small business and enterprises. They work worldwide in association with MasterCard, Visa, CarIFS, Maestro and MultiLink Network.

The banks operate nationally and internationally as Financial Group. This group receives high competition from other big bankers. It has growing banking operations outside Canada. It has huge commercial banking business in Caribbean and considers the region as its local market. The banks are listed on the stock exchange to facilitate the financial services internationally.

The Caribbean retail banking network cater over every single country and the territories around. There are a lot of branches offering finance planning, monitoring and investment opportunities to the local people and non-residents. This network has boosted the confidence of the shareholders who have been offered to invest in one of the most successful banking institution in the world. This banking and international operations network also offers the benefit of the expanded market. It provides increased lending capacity of the group of banks, with a wide range in financial products.

Sunday, May 6, 2012

Payroll Puerto Rico, Unique Aspects of Puerto Rico Payroll Law and Practice

The Puerto Rico State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:

Department of the Treasury
Bureau of Income Tax
Intendente Alejandro Ramirez Bldg.
Paseo Covadonga, Stop 1
P.O. Box S-4515
San Juan, PR 00905
(787) 721-2020

Puerto Rico has no State Income Tax. Therefore, there are no State W2's to file, no supplement wage withholding rates and no State W2's to file.

The Puerto Rico State Unemployment Insurance Agency is:

Department of Labor and Human Resources
Bureau of Employment Security
Prudencio Rivera Martinez Bldg.
505 Munoz Rivera Ave.
Hato Rey, PR 00918
(787) 754-5262

The State of Puerto Rico taxable wage base for unemployment purposes is wages up to ,000.00.

Puerto Rico has no provision of quarterly wages on magnetic media.

Unemployment records must be retained in Puerto Rico for a minimum period of five years. This information generally includes: name; social security number; dates of hire, rehire and termination; wages by period; payroll pay periods and pay dates; date and circumstances of termination.

The Puerto Rico State Agency charged with enforcing the state wage and hour laws is:

Department of Labor and Human Resources
505 Munoz Rivera Ave.
Hato Rey, PR 00918
(787) 754-2119

There is no provision for minimum wage in Puerto Rico.

The general provision in Puerto Rico concerning paying overtime in a non-FLSA covered employer is one and one half times regular rate after 40-hour week except under contract, custom, nature of work.

There is no provision of new hire requirements in the Puerto Rico law.

There is no provision of rules for direct deposit for Puerto Rico.

Puerto Rico has no Wage and Hour Law provisions concerning pay stub information except that employees paid by direct deposit must get a voucher showing all deductions.

Puerto Rico requires that employee be paid every 15 days.

In Puerto Rico there are no statutory requirements concerning the lag time between when the services are performed and when the employee must be paid.

Puerto Rico payroll law requires that involuntarily terminated employees must be paid their final pay by next regular payday.

Puerto Rico has no general provision on when voluntarily terminated employees must be paid their final wages.

There is no provision in Puerto Rico law concerning paying deceased employees.

There is no provision of when unclaimed wages should be paid in Puerto Rico.

There is no provision in Puerto Rico law concerning record retention of abandoned wage records.

There is no provision in Puerto Rico law concerning tip credits against State minimum wage.

In Puerto Rico the payroll laws covering mandatory rest or meal breaks are only that all employees must have 1-hour meal period after 3rd and before 6th hour of shift unless agreed otherwise.

There is no provision in Puerto Rico law concerning record retention of wage and hour records therefore it is probably wise to follow FLSA guidelines.

The Puerto Rico agency charged with enforcing Child Support Orders and laws is:

Child Support Enforcement Program
Department of Social Services
P.O. Box 3349
San Juan, PR 00902-3349
(787) 767-1500

Puerto Rico has no provisions for child support deductions.

Please note that this article is not updated for changes that can and will happen from time to time.

Saturday, May 5, 2012

Securing Home Loans With Bad Credit: Some Tricks That Make It Happen

Excellent credit histories are pretty rare these days. Even mortgages, arguably the biggest single debt anyone will take on in their lifetime, are being applied for by applicants with low credit scores. But is it even possible to get home loans with bad credit?

The simple answer is yes. Approval for any kind of loan depends on the strength of the application, not on the credit score the applicant has. Employment and affordability are much more significant factors in any loan approval process, so securing mortgage approval is about having a good income and a healthy debt-to-income ratio.

But that is not to say matters cannot be improved in advance of submitting an application. The right moves (and 3 in particular) can strengthen the home loan application overall, increasing greatly the chances of success. These three involve knowing your financial reputation; taking time to improve your credit score; and offering a large down payment.

Know Your Financial Reputation

Knowing your own financial reputation is a very useful thing when it comes to building a strong loan application. This is done by reading your own credit report, which details the nature of your credit history, and reveals the weaknesses that lenders will take note of. Knowing where the faults lie can help greatly when seeking home loans with bad credit.

The credit score is only a calculated value of the risk factor of a particular applicant, but the accuracy of that evaluation has come into question in recent years. But they still have a limited influence, with low scores meaning higher interest rates charged, which in turn affects the affordability of the required repayments. So, the chances of securing mortgage approval can still be affected.

When the score is very low (around 500), then it is obvious that some effort needs to be made to improve it if a home loan is to be secured. But if the score is high (around 700) the application is going to be pretty strong in any case.

Increase Your Credit Score

But how can these scores be improved? Well, the only way is to reduce the amount of debt that exists by paying at least some of them off. With every debt cleared, the score is adjusted upwards, so gradually the score rises to a higher level. This can help to secure a home loan with bad credit, with the interest is lowered and the debt-to-income ratio improved.

Clearing debts can be done in two ways. Firstly, with a single consolidation loan paying all of the remaining balances in one go. Because 4 individual loans come with 4 individual interest rates, the overall cost can be quite high. Replacing them with one loan and one interest rate creates considerable savings. So, securing mortgage approval becomes easier.

Also, because the amount of debt falls, the debt-to-income ratio improves. More funds become available for any new debt, so a home loan can be deemed affordable.

Consider a Larger Down Payment

A down payment is important, not just because it seals the transaction, but because it lowers the amount needed to borrow to complete the transaction. This can be very beneficial when seeking a home loan with bad credit, with smaller loans meaning lower monthly repayments.

For example, a 10% down payment on a home worth 0,000, means a mortgage of 5,000 is required to purchase the property. But a down payment of 20% lowers the required home loan to 0,000. This effectively lowers the monthly repayments from 0 to 0 (over 30 years).

And with greater affordability, securing mortgage approval becomes that little bit easier. Of course, saving ,000 to make a 20% down payment is the difficult part, and can typically take years to do.

Friday, May 4, 2012

Silver Libertad - Neglected And Undervalued Silver Coin Carries A Rich History

Probably the most underappreciated and ignored silver bullion coins is the Mexican Silver Libertad.

Most coin lovers along with other buyers invest in well-liked bullion coins including the U . S . Silver Eagle or even the Canadian Silver Maple Leaf and so are unaware of the beauty along with valuation on this excellent coin.

I can't imagine one more coin which design boasts from difficult struggled freedom to endlesslove to early quest for civilization much like the silver Libertad actually does!

Prior to diving to the specification of the actual coin, let's check out the unique design.

The opposite side of the coin showcases the particular coat of arms of Mexico, which is a golden Mexican Eagle that's holding a snake in its beak while he is perching on a cactus. The particular eagle is actually flanked by the wreath combined with words and phrases, Estados Unidos Mexicanos, the standard Spanish name for Mexico.

The coat of arms highlighted on the coin is renowned along with symbolic occurred because of the particular achievement of an time tested prediction.

In the days of the Aztec, ahead of the city was started, this particular group started to search the particular Mexican valley spot to reside.

The particular God they patronized revealed for them the fact that they {would understand when they had the correct place whenever they observed an indication. This indicator ended up being a good large eagle, located on a cactus, holding a snake in the beak.

And the Aztec created their particular fantastic city, Tenochitlan, in the precise region exactly where these people noticed The eagle. The region was really any swampy isle, in Lake Texoco.

the location eventually became thus so big as well as regal thatl conquerors coming from Europe whom discovered ended up dazzled because of it.

Tenochitlan became what's right now, modern-day Mexico City.

Currently let's glance at the obverse aspect of the Libertad silver coin.

The actual obverse side of the coin showcases the Angel de la Independencia. She's portrayed as rising in the air across the famous volcanoes of Iztaccihuatl and Popocatepetl.

The particular angel is a symbol of the freedom involving Mexico In the heart of Mexico City presently there stands a well-known column that is a symbol of both triumph and liberty. The actual angel is actually designed after this popular column generally known as Independence Column.

The identities of the volcanos originated from a pair of doomed, mythic Aztec lovers. Unfortunately, these two people became separated and ended up changed from the Gods into a couple of interlocked mountains to ensure finally they might be together perpetuity!

At present minted with the Mexican Central Bank, the silver Libertad is not legal tender and is regarded as a numismatic coin.

What's intriguing , Hugo Salinas, the Mexican billionaire, has been trying for a long time to produce a silver bullion coin legitimate money. His concept is to monetize and publicly distribute a one ounce silver bullion coin : especially the Libertad : combined with the Mexican Peso.

The particular proposition has been launched and passed by the 2009 Mexican legislature but unfortunately rejected from the Mexican Central Bank.

To summarize, I believe the Mexican Silver Libertad, with its fine .999 gold content and also prosperous, historic, style makes a beautiful supplement to any collector's portfolio. It's great for anyone who desires to own a small bit of history.

Ordinary Income v. Capital Gains on Selling Foreclosed Property

Ordinary Income v. Capital Gains on Selling Foreclosed Property
December 1, 2010

Facts: Wendell Garrison, in the years under question, 1998 to 2000, was a Mortgage Broker making about ,000 a year from his mortgage business. Also during this time period he and his wife bought and sold foreclosed properties, flipping them as quickly as possible, holding them for a period averaging about four months. The Garrisons reported the income from the properties as capital gains rather than ordinary income. The IRS claimed that the properties were not bought as longer-term investments, but were merely inventory in the ongoing business of buying and quickly reselling foreclosed houses. The IRS sent a notice of deficiency stating that since this was ordinary income, self-employment taxes were also due against the earnings. The Garrisons appealed the ruling to the Tax Court

Analysis and Conclusion: Prior Court rulings have outlined the criteria for whether the buying and selling of property should be considered capital gains or ordinary income (see box below). Since the Court saw the Garrisons as buying and selling homes on an ongoing basis, rather than investing in them for the longer term, the Court considered their activities to be a Schedule C business earning ordinary business income. Therefore, they had to pay employment taxes on their selfemployment income. The ruling was in favor of the IRS.

Notes: This is a particularly timely case with the vast amount of foreclosures currently on the market. No doubt, if one of your clients dabbles in the business of buying and selling foreclosed properties, they need to understand that their activities can be considered a side business earning ordinary income.

Source: National Society of Tax Professionals: Federal Tax Alert, December 2010

Thursday, May 3, 2012

Here Is What You Should Know About Txtloan, The Text Loan Provider

TxtLoan is a payday loan provider in the UK market. They are unique in that they offer loans from the convenience of your mobile phone. You have to register once and you might need to fax in some documents, but after that, you just have to send a text and you will receive a loan fast.

In case you are not familiar with payday loans, they are a type of short term financing for bridging the gap until your next pay day. It is not a long term financial solution, but if you have expenses that you must cover today, then these loans can be a great help.

If you are getting a loan from TxtLoan, then you can borrow 100 only, no more and no less. Usually pay day lenders give the option of choosing from a range of amounts, but TxtLoan is unique in this respect.

You can expect an APR of 894% on your loan. This is one of the lowest APRs on the market today. It is typical to see APRs of 1500%, 2000%, and even more with other lenders.

All loans are same day transfers, even if it's past 5pm or it's not even a business day. These text loans are available around the clock, so it can be a lifesaver if you need the money fast on a Sunday.

However, there is a same day transfer fee of 5.50. The typical repayment amount on a 7 day loan is 10%, so for each 100 borrowed, you repay 110, plus the same day transfer.

Usual terms apply: you must be over 18 years of age, be a resident in the UK, and receive a regular salary. The minimum monthly NET salary you can apply with is at least 400. You must also have a bank account which can receive direct debit.

In addition, this lender, unlike almost all others on the market, requires you to have a mobile phone and an e-mail address. But these days, that should not be a problem.

Tuesday, May 1, 2012

Total Environment - The New Age Architectural Design Firm

It's the age of metamorphosis for the real estate developers in India. All the major markets, metros, and class A cities are taking serious efforts to create new townships in and around the given city equipped with better infrastructure and other amenities like quality schools, hospitals, clubs, malls etc. Increase in job opportunities, availability of more land to developers by the state govt., tax incentives to the developers and tax benefits to potential buyers are the prime reasons for this upsurge.

With so many real estate developers in India vying for the coveted projects, it is a rare phenomenon to pick up a trendsetting real estate construction firm. Enter Total Environment one of the few realty developers in recent times to break new grounds in terms of creativity, innovation and structural marvel. Nothing short of a holistic architectural design firm. 11 years back what began as a quiet start with an initial investment of Rs.10000, 4 people and the simple idea of giving Bangalore, buildings that blend with its natural landscape, preserving the charm of the city has come a long way to be counted among the elite architectural design firm of recent times.

Their core strength is the ability to understand and meet the needs of global professionals through innovative concepts, personalized service, total transparency and of course, raising the highest quality buildings corporate and residential. Total Environment has a very unique and innovative approach when it comes to building structures. Focus is always on creating physical environments that are in perfect harmony with its surroundings. Every apartment has a terrace garden that gives the owners their own little patch of outdoors right at home. The use of natural construction materials like wire-cut bricks and exposed form finished concrete, has added a new dimension to building aesthetics. Besides being maintenance-free, these natural materials age beautifully and the passage of time gives them a life and character of their own. They are one of the few construction companies to use the DOKA system of formwork. For the clients, this translates into the assurance of high quality, long lasting and more efficitconstruction.

A 100% growth year after year comes as no surprise from this out-of-the-box architectural design firm.

Hot Prices At Target Spark A Buying Frenzy

Target, the fourth largest retailer of home furnishings in the United States, has made some moves in global circles that have consumers flocking to their website like never before. Not only are their prices still among the best anywhere in cyberspace, but a number of new promotions make their already unbeatable deals just a little bit sweeter. This article will discuss the new and improved Target online marketplace and ways to save money on almost any everyday purchase.

Fantastic Electronics at Fantastic Prices

The big holiday sales may finally be over, but for some reason the prices at Target have remained well below what other stores are charging. We're not just talking about feature items like televisions and video game consoles; their cameras, MP4 players, computers, navigation systems, and cellular phones are all at rock bottom prices right now as well. Inside sources say that Target has secured several big contracts with many of the world's top electronic manufacturers to remain one of the leading suppliers on US soil. Many of their electronics are also discounted even further through their website, so be sure to check back often and grab those deals when you see them!

The RedCard

The RedCard is Target's personal store credit card, and besides offering very competitive rates it also comes packed with several exciting features. First off, any purchase that you make with your Target card goes directly back into your community to programs like the Boys and Girls Club, the United Way, and several other great charities. They believe in supporting our youth, and just using the RedCard is an excellent way to make that dream happen.

There's a lot more than charity going on with the RedCard though, because when you use it online or at a local Target you automatically get 5% off any purchase. This isn't just on select items or ones that cost a certain amount of money; it's 5% off anything you buy, every time. If you have five prescriptions filled and pay with the RedCard you'll earn an additional 5% off any single day's the benefits can really add up! Compare that to the 1% annual return on traditional cash back credit cards and you can see why so many shoppers are taking advantage of this easy way to save.

Online Only Specials

Many retailers charge a bit more for online purchases because there's the extra burden of shipping, packing, and handling involved, but Target sees it a little bit differently. For them, it's much easier to send something from a centralized warehouse than to keep restocking hundreds of nationwide stores, so they pass that extra savings right down to their customers. In fact, they ship most purchases completely free of charge.

Be sure to check out Target's online only specials because some of the savings can be substantial. We're not talking about 5-10% off selected merchandise that they haven't been able to sell otherwise--almost a third of their website is marked down up to 20% below what other retailers are charging. With deals like these, there's little reason to shop anywhere else!

Use Target Coupons for Extra Savings

Target also has several affiliates around the World Wide Web, and one of the best ones for everyday savings is They work directly with Target to offer the latest coupons, promotions and specials, so you're not likely to find better prices anywhere else. To get in on some of the exclusive savings offered by MoneyJibe, including Target furniture coupons and free shipping coupons, visit their Target Coupons page for the latest offers and specials.