Category: Finance

Upgrading your Home with Energy Efficient Appliances

A tenfold of home owners out there dream of saving money. Usually, this can be done through the installation of energy efficient upgrades. There are those who opt to remodel their space by adding new windows or even placing solar panels. All of these may work if you have the budget.

Needless to say, to change a home can be quite expensive. Some people are left with no choice but to use their savings or finance upgrades. They may direct this from their credit card or their home equity. As a matter of fact, there has been a home loan program from FHA which enables borrowers to finance their energy efficient upgrades. They do this for their home refinance or purchase loan. There are still options.

Today, the Federal Housing Administration comes with an Energy Efficient Mortgage program or EEM that may assist home owners to save money and then help the environment all at the same time. What are the usual features?

The Features of the EEM Program

  • In order to qualify, you may have to focus on homes that are occupied by owners only.
  • You might have to purchase or refinance. This is considered to be an excellent way for buyers who are eyeing for an older home. There are upgrades which may be supported by a purchase loan.
  • The usual cost of improvements is noted by a particular energy consultant or even the home energy rating system (HERS). This type of expense may be related to home loan itself.
  • Homes should have one to four units. They are the most legible one.
  • The borrower is compulsory to at least have a 3.4% down payment. This can be of the purchase price or appraised value.
  • Just remember that the cost of your improvement must be less than 5% of its appraised value.

Indeed, to consider a type of energy efficient improvement is not that easy. There are requirements that have to be fulfilled. They have to be taken upon prior to anything else. For whatever you intend to install, it has to cost less than the amount that has to be saved from the energy expense. This must be over the entire useful life. This means that if you intend to purchase new windows, you must evaluate how long it would take before the replacement. Such is a chance to save money and energy.

Once you have determined your projected savings, the upgrade expense will not be hard to know. Doing so would prevent you from borrowing too much money which is not asked by the upgrade anymore. There are tons of requirements that can protect consumer. When you have already installed upgrades, paying in cash may still occur.

For the aforementioned to be realized, do not forget to work with an approved lender. This should not be complicated if you know what are necessary in this kind of venture. Before starting, do not forget to do your own research so that you can succeed.…

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Should You Trust a Financial Adviser?

Financial advisers are sometimes referred to as financial consultants. They can also be retirement planners, financial planners or wealth advisers. These people are in demand for an understandable reason. As compared to other sellers out there, who deal with condoms, condos, cars, and clothes, it is understood that they only perform their job and customers accept what they offer. When it comes to financial advisers, they are uncomparable since they are unique by nature. Every person will tell you that he or she can make your money grow.

Working with a Financial Adviser
Maybe you are wondering – what can you get from financial advisers? What can they do for you? These are some of their work’s features:

  • To have a long-term and high-interest bank account is the usual result of working with a financial adviser. If there is no claim that they are capable of growing your money, then there is no point in working with them anymore. You must ensure that you are going to earn more. Higher returns must be ideal here.
  • Please understand that financial advisers are no expert when it comes to horticulturalists. Do not expect that tye can grow money right away or that they can transform your savings to become gold. They are not an alchemist. However, they can teach you how to manage your finances.
  • In order to obtain a reasonable living, hiring a financial adviser has a cost to pay. The person may be able to take a part of your money in commissions or fees. This is true most especially for those who have their own business. There are most advisers out there who say to have the knowledge when it comes managing your wealth. However, they only claim such to get clients, unless you can verify how dependable they can be really.

Who gets financially stable with this? The customers or the advisers? You must know how these advisers are being paid. There are six categories in which they are divided too. These are the following:

  • Pay-Per Trade – The adviser would take a percentage fee whenever he or she sells, invests or buys. This is the type of approach used by a ton of stockbrokers out there.
  • Fee – There are financial advisers out there who are going to charge an hourly fee when you are assisted and helped to manage your money.
  • Commission-based – Almost majority of advisers are paid from the commission because of companies out there that sell products.
  • Fee-based – This is when advisers push clients to save their money on a scheme which gives off a high commission. Such is considered the best returns for most savers out there.
  • Free – Once the bank discovered that you have money to put in the invested, you will be ushered directly into the office. This is when you can talk to an expert so that you may be able to manage your money without charge.
  • Performance-related – There are some advisers out there who normally accept work somewhere and get their pay from the annual profits their clients make through the investment.

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How to Select the Right Licensed Money Lender in Singapore

Today, it has been observed that in order to get away from a financial hurdle, deriving a loan is the answer. This is the key both for business, and personal purposes. There is always a list of money lenders that you can check upon if you are not sure. This can be availed online. If you are one of these people who are having a problem with such, it would help a lot to go online and look for your options.

For most beginners, and even for anyone who is already experienced in borrowing money from lenders, working with a licensed money lender is the safest resort. Remember that this comes with a law that you have to oblige too. There are acts, and rules that will govern the venture. This is a way for the borrower, and lender to be protected.

What to Look for in a Money Lender

There are things that you have to be aware of in looking for a money lender. These are some that you have to note:

  • Pursue a licensed moneylender which offers favorable terms, and quality service. The years of experience may also have to be taken down note here. This is where their reputation may be based. If you are not yet sure about the company you are eyeing for, research some more.
  • You should avail the service of a provider which has worked for permanent residents, citizens, and foreigners with a decent and realistic rate. You will not be able to learn about this if you will not spend time in asking people you know. Do so.
  • Check on the types of loans offered. These are personal loans, foreigner loans, payday loans, and short-term business loans. The processing time may also have to be considered. There are times when you might receive the cash in a few days. This should cater borrowers who have low-income. It would help to really come with a flexible schedule. That has to be disclosed too.
  • Licensed moneylenders are far from traditional banks. The latter would ask for the processing of loans, and it goes with a tenfold of requirements such as documents which are too complicated for beginners. As for the earlier, they are not tied up with traditions. They do not follow old banks too. They are only incorporated for borrowers who ask for short-term loans, and instant cash.

Before you approach a moneylender, consider the financial help you are about to avail. Please remember that in here, you are given loan contracts that you have to fulfill. The loan commitment you are to take here must be satisfied. As this is the case – only get the amount that you have the capacity to pay. If you cannot, you will only put yourself in more trouble. You will not want this to happen of course.

There are laws that govern anyone who will lend, and borrow. Do not be ignorant of them. Take your time, and study!…

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When Can Personal Loans Save You?

With a clean credit history, you are definitely qualified for personal loans. Start to expect a fast processing of your application and for sure, you will enjoy an approval in no time. Personal loans are considered to be an all-purpose loan which is availed securely or otherwise. There are so many ways to use the loan. Most of them do not need to be discovered by the lender.

The interest rate on the loan is highly affected by the credit score and tenure of the borrower. When it comes to the payment terms, it may take months up until a year to be completed. It really depends upon the agreement.

The Call for a Personal Loan

When do you need a personal loan? There are situations that may require for you to avail one. These are some you have to watch out for:

Cash emergency

This happens to everyone. If you are in need of an immediate cash, it may work to utilize short-term personal loans. These will bridge the shortage you are experiencing for sure. The funds you may obtain here are perfect for cash emergencies including home repair, medical expenses or a foreign trip.

Bad credit status

You may use a personal loan if you have suddenly lost a job. Yes, nobody wants this to happen. But it is better safe than sorry. At least, you know an option you can count on. There is a spurt of the moment experiences that may put expenses on your end. You can always avoid bad credit anyway. Once you are facing a shortage of funds, just borrow!

Consolidation of loans

If you are already drowning in debt, the next thing that you must do is consolidate your payments. This is done so that you may simplify the process you go through all the time. As you go for a single personal loan, you are only obliged to settle a single payment. Doing this may be a chance to settle your other loans as well. This is more practical than paying all your debts at once.

Supplementary fund for students

It is not easy to be a student. Aside from the academic demands you have to fulfill, your expenses can be an additional challenge to you. If you need funds for your studies, a personal loan may work just fine. This is readily available. Aside from this, it may also be a way so that you can build a good credit history for yourself.

Business fund

To get a personal loan for a business is promising. If done successfully, the money you will borrow is invested in a more meaningful venture. This is also a chance to maintain sound terms with business associates and suppliers. Once you have this funding option, your business is provided with a flexible way to operate. This can prosper if you strategize more!…

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How to identify registered money lending companies in Singapore?

licensed money lender singapore

Money lending is one of the growing businesses in Singapore. Most of the people desire to have money for their various reasons, whether it is for developing a new home, for setting up a new business or buying a new car or something else. What would be the reason for which you are going for lending money, you should remain alert and careful during the entire process. You should also need to make a proper research in the market for ensuring the security of your loan; after all, it is the matter of your hard earned money.

It is not a big deal for lending money from a licensed money lender singapore company. There is various government registered firms and banks which provides you loans at lowest interest rates. But the only thing you need to before applying for the loan is that make a proper research related to the loan facilities they are providing and whether they are registered or not.


How to check whether the money lender is licensed or not?

It is not a big deal to find whether the money lender you are looking forward to borrowing money. Go for detailed verification and check the list of licensed moneylenders in Singapore before borrowing money. Here, we are providing you with some of the things that can make you realize that they are the licensed moneylenders or not.

  • Licensed money lenders have their SingPass user ID which you can ask for verification.
  • Licensed money lenders never go for taking the help of hooligans for recovering money. Instead, they go for the legal procedure for that.
  • Licensed money lenders never go for incomplete note of contract for the loan, instead of it they go for complete paperwork before authorizing the loan
  • Licensed money lenders also provide you with the copy of the note of contract for the loan they are providing to you.
  • Licensed money lenders never go for withholding a part of your principal loan amount of reason.
  • Licensed money lenders have they’re printed as well as online media sources for both businesses as well as consumer directories.
  • Licensed money lenders have their own websites belonging to the money lending including their full address, contact numbers and the different interest rates they are providing to their customers.
  • Licensed money lenders advertise their business through advertisements placed within or on the exterior of the money lender’s business premises. They never ask you for money on the phone or other references.


What to do if you got any fraud?

  • If you got any fraud while lending or borrowing money you can do the following things:
  • Register your complaint with the telephone number 1800-2255-529.
  • Your registered complaint does not disclose any details of yours to the moneylender. Instead, you will have to attend an interview with the officials for the regarding information along with documents of proof. The officials will properly investigate the procedure thoroughly and then proper action will be taken against the culprit.

If moneylender has gone with any unfair practice towards you; you can then go to the Small Claims Tribunal Court under the Consumer protection for making your complaint.…

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3 Ways To Save Your Business From Going Bankrupt

Businesses don’t always see light at the end of the tunnel. There can be downfalls. This can be due to poor management, incompetent workers, bad decisions, and other factors. When you find out that your company might go bankrupt, you should take certain steps to save it from sinking.

  1. Find out how much money you must pay to the creditors if you want to stop your company from going bankrupt. Then calculate how much you need monthly to survive. Try to think of ways to pay the creditors and run your family. It can be by selling your fixed asset like holiday home or through some passive income.
  2. Try to reduce the cost of business. You should consider the cost of labor, income tax, office rent, utilities, interest expense, etc. If necessary, you can layoff a number of employees who are taking high salaries, provided that they are not vital to your company. You can shift to a smaller office and reduce office hours to save utility bills, as long as it doesn’t affect the operation of the business too much.
  3. Re-negotiate contracts with people involved in the business like your suppliers, banks, and other parties. For example, you can request your bank to lower the interest rate for your credit or you can ask the leasing company to extend your leasing period.

You have to go through a very hard time to pull your company from this dreadful situation. But you should stay calm and do what is necessary to save your company from going bankrupt.…

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Things to be remembered before borrowing money from a licensed moneylender

People who have planned to borrow money from any licensed moneylenders must know the basic things about the moneylender policies. Also, it doesn’t mean that you need to approach only the moneylenders for borrowing money. There are plenty of sources available from the government financial sectors to help the people regarding money and all. Have it as your first preference before approaching any moneylenders for loans.

Also look for the licensed moneylenders who have the legal authority based on the government rules and regulations. Check with the terms and conditions before lending money from the licensed persons. Try to understand the contract, particulars, payment plans, interest and more. Never get loan beyond your regular income which may cause you problems in future while repaying the loans. Demand the loan amount based on monthly/yearly income which may be a convenient thing for you to repay is as per the scheduled plans.

Interest rates

Check with the official government sites to know the interest rates fixed officially by the government. The interest rate will be fixed around 4% for monthly payments based on the total loan amount borrowed from the moneylenders. The fee amount of the moneylenders also a fixed one based on certain aspects from the licensed moneylenders.

Check license of the moneylenders

  • The most important thing before approaching any moneylenders for loan check the authorized things. First, ask for the user id and password from them.
  • Then check for the details such as personal documents, employment permit and more.
  • Note for the behaviour of the moneylenders too.
  • Granting loans via phone, SMS, email without any legal enquiries.

Some of these factors are not acceptable for any licensed moneylenders. So check for the details as earlier as possible to apply for loans. You can also register your complaints about the unlicensed moneylenders on the government portal as well. Few of the advertisements also shared regarding the loan approvals from licensed moneylender and unlicensed moneylenders. Under the advertisement regulations licensed moneylenders are allowed to advertise via printed materials, online forum and fixed external places.

Clarify the doubts with licensed moneylenders

Before signing up for the loan amounts with the licensed moneylenders should clarify the doubts regarding the terms, interest and schedule, etc. You can ask for more clarifications from the moneylenders as well regarding the loan details. It is your responsibility to ensure everything before getting the approval.

Things to follow after approval

Once you got the loan approval from the licensed moneylenders, you must understand the term and follow the terms until the repayment schedule. Also, check that you have received the loan details from the moneylenders along with the principal money.

You can also register for the unfair practices or contract issues against the licensed moneylenders. So there won’t be any misleading from the moneylenders were encouraged at any stage. Also, follow the loan terms and contracts based on the signup. You can make the complaints with the official site at any time regarding your problems.

At Loan Advisor, you can choose from the best-reviewed moneylenders. All the shortlisting has been taken care of to save you time.…

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4 Things You Should Know As A First-time Stock Investor

Investing in stocks is a good idea if you want to grow your funds steadily. But it is very important that you learn about the market well and not rely entirely on someone else’s decision on whether to buy or sell a stock. As a first-time stock investor, here are some of the things you should know.

Number of stocks to buy

It is better to buy about 15 stocks across various industries to diversify your portfolio. An alternative can be to invest a large amount of money in index funds. You should try to eliminate guesswork as much as possible when you are investing in stocks.

Decision about dividends

Some stocks provide dividends to the shareholders, while others use it for reinvestment towards the growth of the company. Dividend stocks are safe. But reinvestment can get you more money in the long run.

Know the business

It is important to know the business in which you are investing. You shouldn’t invest in something you don’t understand. For example, if you have a background in finance then you are very less likely to understand how a biotech company works.

Know the red flags

You should always be alert to companies that don’t earn a profit or whose share prices decrease all the time. If a company is under lots of debt then also you should avoid investing in that company.

You should always look at the historical pattern of the companies you are thinking of investing in. The history can repeat, so there are lots of things to learn from it. You must remember that learning should be a major part of your journey with the stock market. The more you learn about the market, the better will be your investments. You must invest carefully so that you can be a gainer in the long run.

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4 Types Of Passive Income That Can Make You Grow Rich

Most of us have a full-time job. Some of the money that we earn is usually put aside in a savings account. But you can make good use of this money and earn more from it through passive income. Even if you have some spare time after you come back home from work can be utilized by doing a part-time job. The main thing is that you shouldn’t keep your time or money idle. Here are 3 types of passive income you can generate.

Make YouTube videos

Making videos has become a child’s play. Anybody can make a video using mobile or a simple digital camera and upload it to YouTube. If making YouTube videos is your hobby then you can change it into an earning source. You can do movie reviews, tutorials on any topic, music, etc. and upload them to YouTube. Just attach Google AdSense to the videos. There will be ads in your video and whenever a visitor will click on the ad, you will get money. You must promote these videos on social networks to increase your income.

Affiliate marketing

If you have your own website or blog, then you can earn money through this technique. You can promote a certain product on your site and get paid for the service. You can either get a flat fee or get a commission from the sales.


If you know photography and think that you are quite good at it, then it can become your source of income. You can sell your photos to sites like iStockphoto or Shutterstock. You can earn by either getting a flat rate or a percentage of the pictures sold.

Write an e-book

You can write an e-book. It will take a lot of effort to write the book, but it will pay off at the end. You will be able to promote your book on your own site or use affiliate marketing to do so.

All these will generate passive income for you if you can take some time to find the right job and do it dedicatedly. You will eventually be able to make a lot of money from it.…

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