Archive for the ‘Finance’ Category

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FHA - For the people?

Thursday, October 29th, 2009

Susan is a good friend and escrow officer who I have done business with for years. We were just discussing an idiosyncrasy pertaining to a transaction that we are working on. This deal is a refinance that will pay-off an FHA insured loan.

Paying off a FHA loan is a special case in lending, because it is the only loan in which the lender who is being paid off gets to collect interest until the end of the calendar month (and keep it), regardless of when they are paid.

For example… if an FHA loan is paid-off on April 1st, the old lender is entitled to collect interest for the full month of April, collecting money that they have not earned. The new lender will also collect interest for the month (but they earn it).

I know of no other case where this can be done. However, FHA loans ALWAYS allow the lenders to benefit in this way at the expense of the borrower.

While there is no question that the FHA has done a good thing in opening the door to homeownership for many families, I still can not get past two glaring questions…

Isn’t the FHA supposed to be doing things to help the PEOPLE, rather than favoring huge banks?

How much unearned revenues are collected from Americans each year as a result of this unfair practice?

Posted in Banking, Business, Finance, Payday Loans | 2 Comments »

Islamic Finance get boom.

Saturday, August 1st, 2009

Islamic Finance is the tern use in by financial institutions & allow the use of islamic law, all the directions, rules & regulations sourced from the Quran and the Sunnah. The Islamic prohibits taking or giving interest which is the most essential & chief feature in Islamic banking.

The basic sources of Shariah principles are the Quran, the religious book, which are followed by the consensus of the jurists and interpreters of Islamic law Introduction Profit sharing and fee-based financing approaches have developed in compliance with Shariah laws. These special modes of financing have emerged in retail, private and commercial banking for debt and capital markets, insurance, asset management, structured and project financing, derivates, etc.

The Islamic finance system gives the path for the establishment of new rules in the banking system in the world. infact it is seen that the current capitalist system has failed.

Posted in Banking, Business, Finance, Financial Institutions, Money | 2 Comments »

Banking Sector Crisis..

Monday, July 27th, 2009

Banks & financial institutions is for sure the major backbone of economy in any country. It serves as a major participants when in came’s to development in the country. Unfortunately due to the recent economic downfall in the world Banks from all over the world also suffers losses, So as a matter of fact many if them needs to revise the financial policy associated with banks & other financial institutions. Similarly debt consolidation activities are also altered as it was in previous policies & regulations. Privately owned banks & financial institutions get relief by the central bank to manage their operation. One the other hand few of the famous banks did merger with one another to cope with the problem of financial crunch.

The worldwide financial break down is a part of world economy, there is a theory that every economy has to suffer loss after they enjoys extensive boom, similarly every business gradually or slowly must have to reaches it peaks when its rate of return is at its meximum level. after it reches its peak little by little it starts decline & finally reaches to the bottom line where its productivity became zero, then the gworth process starts & so on. so the current recession can also be considered as the practical approach world economic theory & we need to wait for few years to make all financial matter & business operation run smoothly as it needs to be for a better economic growth are prosparity.

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Posted in Banking, Business, Debt Consolidation, Finance, Financial Institutions | No Comments »

Importance Of Financial Planning.

Wednesday, April 29th, 2009

Financial planning is essential at every step in our life, Weather you are running a business or a simple house wife, Managing your funds is crucial for rapid growth as well as long term success. For example if you are having a large scale business portfolio & you maintain a fair record of your finance resources then it is definite that you are not going to suffer loss due to financial constraints. One the other in highly sophisticated export business a well experienced & smart financial manager is likely to be the most valuable asset within the organization when it came’s to financial planning. Economists from all over the world are working hard to find solution about the current economic recession in the word.

Similarly the best utilization of available resources is directly related to the accurate implementation on excellent financial plan within any organization. So weather you are a working professional or running your own business, it is very important to manage your money about how it can be utilized in best possible ways. moreover it makes you able to make more profit & money saving habit.

Posted in Business, Finance, Money | No Comments »

I Got my car insured!

Friday, March 13th, 2009

insuranceYes eventually I took this decision, this is almost more then a year since I bought my own car, Unfortunately last year i happen to encounter an accident while driving on the GT road. The total cost of repair was around $ 500. So after that incident I decided to get my car insured because it’s very important & you will be always in a risk if your vehicle is not insured. The reason I didn’t insured my car right at the time of its purchase is that it was a second hand car & in my part of the world getting insured your second hand car is not considered a worthy decision. Secondly I don’t want to spent money on insurance policy because it’s also a burden upon you the pay fee on monthly or yearly basis. Anyhow later I realize it’s good to insured the car atleast I can move the car on roads without any fear of loss. So during the past couple of months I was in search of a good insurance company for that purpose. I got opinions from my friends & colleagues in this regard. Finally I choose one that is very easy to deal with. Their team is very quick especially their customer services department is famous for the quick support they provide to their customers..so Wish me good luck :)

Posted in Car insurance, Finance, Insurance | No Comments »

Success behind business ..

Friday, March 6th, 2009

We believe that the success of a moving company should not be made at the expense of its clients. Instead, growth should be encouraged by working hard, investing in the right equipment, and hiring a pool of impeccably trained professional staff.

Furthermore, we adhere to the principle of Fair Market Price. In line with this standard, our Finance Department has rendered fees that cover our direct costs plus a modest profit margin. We have developed a price structure that remains to be one of the most attractive in the industry, at the same time, without compromising Excellence in Service Quality . This was all practical because we got a fast cash loans instantly .

We would like to be your mover of choice in the years ahead. Therefore, we would endeavor to keep our prices in the competitive forefront for you to remember us in any of your future relocation needs. Keep in mind, your satisfaction is our number one priority.

Posted in Finance | No Comments »

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