Archive for: ‘March 2015’

Buy Your Dream Property Through Commercial Real Estate Financing

March 8, 2015 Posted by admin

It requires huge funding for buying a real estate but not many aspirants can afford the finance from own sources. Therefore, commercial real estate financing becomes a necessity in gaining access to much needed funds. Through availing commercial real estate financing, one can build, purchase or refinance commercial properties like offices, hotels, apartments, warehouses, guesthouses, pubs, shops, nursing homes, industrial facilities etc.

Because of huge amount involved, commercial real estate financing [http://www.commercial-loan-financing.co.uk/commercial_real_estate_loan_financing.html] is essentially a secured one. The lender would like to secure the financing by taking in possession the title deed of the concerned property. The title deed will remain with the lender till the loan is fully paid back. Another requirement is that the borrower should give a down payment which is often 20 percent of the real estate value.

For a commercial property purchase lenders can offer £1000000. The financing however will depend a lot on credit history and financial standing and repayment capacity of the borrower. Annual Percentage Rate on commercial real estate financing ranges from 6 to 20 percent. One can opt for variable or fixed rate of interest. Variable interest rate may be lower at the time of the financing deal but as it is determined by market, the rate may even escalate in future to harm the borrower. Fixed interest rate remains constant irrespective of changes in the market rate. The borrowers can pay back the loan in up to 30 years.

Before sealing the financing deal, the lender would like to ensure if the project or property is worth lending a huge amount. To evaluate the property for its viability, lender looks into the income it produces as compared to debts and interest on it. If the ratio of net operating income divided by debts, called debt coverage ratio, is above 1.2 then financing the project is considered safe. A ratio below this indicates that property is loosing money or anyhow breaking even. Some lenders like to see debt ratio which is arrived at on dividing monthly debts or housing expenses by gross monthly income. Usually debt ratio of above 25 percent is not considered safe for investment by the lenders but some may raise the bar to even 36 percent. So, lower debt ratio is more likely to ensure easier commercial real estate financing.

While searching for right commercial real estate financing lender, make use of commercial mortgage lenders database that enables direct access to your type of lender and therefore you avoid falling in the hands of brokers. The database is available on internet. All you do is to give adequate information in the commercial real estate financing application and the database matches information for locating the lender as per your loan requirement.

Commercial real estate financing enables you in acquiring the property of your choice. For a better deal you may hire a real estate attorney to scrutinize the offers from different lenders.

A Short Guide To Improve Your Personal Finances

March 4, 2015 Posted by admin

Taking care of your finances can be a hard thing to do. With these harsh economic times, people are finding it harder and harder to figure out what they should be doing to get their finances in order. You can stop worrying about your finances, once and for all, if you take advice from this article.

Be sure to remember to file your taxes on time. Instead of waiting until the last minute, file your taxes as soon as possible to get your return even earlier than usual. If you will owe money to the IRS, file just before the due date which is April 15.

Investment,

Check your financial assets for a down payment source. You may be able to cash out certain investment accounts and use the money without penalty, if it is for a primary residence. You may also be able to borrow against certain assets, giving you the money you need. Check with your investment professional for options.

Never base a tax investment on current tax laws. Do not buy real estate if your turning a profit on it relies heavily on the current tax laws of your state. Tax laws are often subject to change. You do not want to find yourself out a lot of money just because you didn’t properly plan ahead.

Buying precious metals such as silver or gold can be a good way to earn extra money for ones personal finance. Such metals can hold their value better than other commodities that are available to invest in. Gold and silver will often provide one with a solid investment for them.

Financial Planning,

Make note of free financial services whenever they are mentioned. Banks often tell their customers about free services they offer at the most inopportune times. The wise customer does not let these opportunities slip away. If a teller offers the customer free financial planning services when he or she is in a rush, for example, the customer can make note of the offer and come back to take advantage of it at a better time.

Create an up to date financial plan. This will allow you to see how you are doing in all areas of your finances. Review any insurance plans, income taxes, estate and retirement planning, investments, savings and current debts. Be specific in your goals and be realistic. For more complex financial planning, it is a good idea to seek the services of a CPA.

To have long-term success in financial planning, consider debt investment opportunities. If you have a student loan at 2% interest but you can get a 2.75% savings rate in a bank account, it makes more financial sense in the long run to make the minimum monthly payments, while saving up a lump sum to pay it off entirely. Coversely, any debt with an interest rate higher than a savings interest rate should get priority.

Investments,

Proper budgeting is a huge part of being successful. You must invest your capital and protect your profits. If you are able to properly manage your profits, you will see a return from your investment. Set a percentage of your income to go into investments.

Getting a college education is one of the best investments you can make. An education will pay for itself and give you lifelong skills you can use to earn a living. Reports show that those with a bachelors degree, earn almost double of those that only have a high school diploma.

When it comes to personal finances, one of the best ways to simplify is to automate. Rather than manually transferring money into different accounts such as savings, investments, and more- schedule these payment to transfer automatically each month. You’ll never have to worry that you’ve forgotten to move your money where it needs to be.

Investors,

If you are thinking of starting a business, but are worried about your personal financial situation, pitch your plan to investors or a financially-sound potential business partner. It might not be ideal, but you can get your business off the ground if your idea sounds profitable enough to the right people.

You should start feeling a lot better about yourself now. All of the knowledge that you have gained from this article is a great start towards getting your finances in check. Start applying what you learned and see what happens in just a few weeks and then, wait a couple of months to see how much of a difference it makes. You will be pleasantly surprised with the results.

Enhance Your Future With Our Personal Finance Tips

March 2, 2015 Posted by admin

You need to select a broker you can trust when you start to work on your personal finances. Check their references and listen to what they say to judge their honesty. Your level of experience is important in this situation.

When investing, refrain from ones that have large fees. Brokers that deal with long term investments charge fees for using their services. Anything you pay them in fees works to reduce your overall earnings. Most of your investment funds should go toward your actual investment, not high commissions or management fees.

Instead of spending money buying gifts, try making presents instead. This can save hundreds in department store prices during the holidays and give a personalized touch to your gifts. A little creative thinking can save you money that you can use to build your savings.

Let us help you with your bad credit loans needs. Getting personal loans with us is easy.

Frequent flier programs are great for people who travel by air a great deal, whether it be for business or recreation. There are a number of credit cards that give free miles or a discount on air travel with purchases. Many frequent flier programs allow you to redeem miles for reduced rate motel stays.

Your credit score might even dip a bit when you first start working on it. This does not mean that you have done anything wrong. Keep paying your bills on time and doing the right things, and your score will rise eventually.

Stabilize your finances by opening a savings account and regularly depositing a set amount. A savings account may prevent you from sinking into a loan if disaster strikes. The account becomes your safety net that grows through time. You may not be able to save a ton each month, but save what you can.

Everyone makes mistakes now and then, especially with their personal finances. If you bounce a check once, you may be able to request that the fee is waived by your bank. This trick can only be used by someone who has kept positive balances and hasn’t used overdrafts before.

You can buy many foods in bulk and save money. Protein may be bought as a half side of beef which you place in the freezer, or large quantities of poultry or fish that are frozen and individually wrapped. Buying products in larger quantities is almost always cheaper than the smaller counterparts. To save time, try cooking it all at once in meals that will last throughout the week.

Stay current and organized with your paperwork including tax documents, and develop a sensible filing system. All important documents, receipts and records should be kept in one central location so that you can easily lay your hands on them when tax time rolls around.

An individual that is fully aware of the true value of his or her possessions is far less likely to discard a valuable item or sell it for an unsuitably low price. People stand to receive a nice surprise when they discover they own something valuable and it’s worth a lot of money.

If you are looking to improve your credit report, it is a good idea to have between two to four active credit cards. Building a credit history with a single card takes a long time, but having more than four open cards is a sign that you cannot control your finances. Stick with two to three cards, and be mindful of how you use them in order to build a solid credit history.

Iit can be hard to deal with your personal finances if you do not know how to do so. With an open mind and the right information, getting your finances where you want them does not have to be a problem. To get yourself back on your feet financially, use the tips presented here.