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Why Buying A Term Plan Online Is Beneficial For You?

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If you have not yet invested in term insurance for your family, what are you waiting for? Life is not certain, and it never goes according to your ideas. That is why you need to ensure that your family is financially secure after you are not there to protect them. A term plan is the best option here, but you will have to consider a few factors while buying it. Out of all the points, the purchasing platform plays a crucial role. Here are some benefits you can obtain if you buy your term plan online, instead of going to an agent. 

Better Rates

The premium of your selected policy depends on various factors, such as assured sum, policy tenure, and riders. However, one more factor that affects the amount is the platform from where you are buying the term plan. When you purchase it offline, you need to go through many intermediaries, which significantly increases the plan’s costs. On the other hand, you cut all the middlemen by opting for an online policy. As you directly deal with the policy provider, your plan rates can get considerably low.   

Better View

In case you are naive to the policy world, online term insurance plans would be your best choice. The reason being you can get a better view of what you are opting for. As term plans have different aspects, the offline person may not be able to tell everything to you. This can lead to complications, plus, you will not opt for some features that would be beneficial for you. Online portals have everything open in front of the policy buyer. Therefore, you can clearly examine everything and then only go for it. 

Better Tools

When you ask an agent to assist you with your policy’s coverage amount, they do their calculations according to their expertise. But being a human, they can make mistakes. In order to avoid this and remain secure with the amount, you can opt for a term plan online. With the help of online tools, you will be able to decide the exact assured sum you will need. 

Explore The Riders

As stated earlier, you get a better view of the policies on online platforms. So you can easily go through all the available riders and check which one is beneficial for you. Also, the prices of these add-ons are written systematically. Therefore, you will not have any trouble in comparing how they will affect your premium. 

Easy Access

Another benefit of buying term insurance plans online is that you can easily access the policy, following the purchase. You will no longer have to deal with the middlemen to check on your policies. You can just open the online portal of the provider and get a clear sight of the plan. 

Along with these, there will be several other advantages that you can obtain by buying the term plan online. Do not delay anymore and purchase it on time, so that you will not have to pay higher premiums for shorter policy tenures.

Mahesh is leading digital marketing initiatives at RecentlyHeard, a NewsFeed platform that covers news from all sectors. He develops, manages, and executes digital strategies to increase online visibility, better reach target audiences, and create engaging experience across channels. With 7+ years of experience, He is skilled in search engine optimization, content marketing, social media marketing, and advertising, and analytics.

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USDA Loan Indiana

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There are a lot of things to understand when trying to get financing for a home and qualifying for a USDA loan. I am going to explain the most important factors when considering the home you are buying, the finance company you want to use, as well as what the criteria are in order to get pre-approved.

The first and most important thing to know is that there are strict income qualification factors. By going to the USDA eligibility site you can actually calculate what your family size is and how much money you make in order to see if you can even qualify for a USDA loan. Typically a family of four or less in Indiana with an income of less than 75,000 will qualify. A family of five or more can make up to 100k and still qualify for a USDA loan. There are other considerations like disabled children or dependants as well that you want to look into. Speaking with a professional loan officer will help you understand the process a little bit better.

The second thing is making sure that the home you desire is in a USDA qualifying area. You can Google USDA eligibility and type in the address of the property to see if the address qualifies. If that doesn’t work you can ask me or your local lender if the property you like will qualify. Once you are approved via USDA your realtor should know what areas qualify and what don’t so make sure when choosing a realtor they know that you are financing the new home purchase with a USDA loan. Also speaking to a professional loan officer will help you understand more clearly what areas qualify and which ones don’t. Typically cities with less than 25,000 people are going to qualify. Rural areas also usually qualify as well.

The third step is to get with a loan officer to get approved. Usually you will need at least a 620 credit score to get a USDA loan. Some lenders go down to 600 but it is more difficult to get approved with lower scores and most professional loan officers will not do it, because there is a chance you would not close. USDA also has strict income qualification factors beyond gross income. Their debt to income ratio is more strict than any other program. Your maximum debt to income can usually be no more than 41%. So all of your debts combined plus your new house payment cannot be more than 41% of your total GROSS income. Your loan officer can help you understand based upon your budget what homes you should be looking at based upon value and total payment with taxes and insurance.

Lastly and tying into the approval process don’t be afraid to shop a few lenders. Don’t talk to 20 loan officers or you will get confused and overwhelmed. Keep shopping to 2-4 loan officers and do business with not only who you feel comfortable with, but who has the experience necessary to get the loan completed, who has a good reputation in the local community (look at reviews and things online), and who offers the best loan for your situation.

Also remember that USDA is strict on what home can qualify for the loan. So make sure you ask your realtor if the home you love will qualify for USDA!

I hope I have helped you understand the USDA process a little more clearly if there is anything I can do to help please feel free to reach out.

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How to Work Out an Automobile Debt Settlement

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All of us are tired of the problems pertaining to transportation, and who does not like to possess a car of his own? In addition, sometimes we need to buy automobiles like trucks and vans when we have our own business and they are required for the easy transportation of goods and services. In addition, when we do not have enough funds of our own, we opt for automobile loans. In addition, all our mirth of getting a new car or truck soon changes to despair when due to unforeseen circumstances we find that we are unable to pay back the loans and most likely, our beloved car would be foreclosed. Knowing a few things about automobile debt settlement could come in handy in such cases.

Reasons for High Interests in Car Loans: This might be a little more difficult than other types of debt settlement programs. Moreover, the rates of interest for automobile loans charged by the creditors are significantly higher than other types of loans. This is because of the highly volatile nature of the asset itself. Even if you have had put the car up as a collateral while applying for the loan, the creditor might find that it is simply not there when they decide to go for foreclosure.

Because the car might have been damaged beyond repair in an accident, and the insurance might refuse to pay up citing a variety of excuses or an unfaithful debtor might simply have driven it out of town without informing them. Alternatively, maybe, the car may simply lose all its value due to poor maintenance. So, before taking out an automobile loan, be sure about your methods to pay them back.

How Can you Negotiate: Because the creditors usually look forward to the collateral for the repayment, chances are that they would settle for a loan reduction if they find the condition of the car less than satisfactory. In addition, if they find that the reduced amount that they would get from the debtor would be more than the value of the automobile, if foreclosed.

This usually happens in the case of accidents when rising medical bills and car loans have to be settled together. Also, if you can provide proper documents and slips regarding your financial distress, considerate creditors would often agree to a negotiation. Providing the address of your garage, for their security can also help you to gain their trust. You can also show them your record of successfully paying off your previous debts, which again helps in most cases.

With a little bit of saving and careful negotiation it is indeed possible to save your car from foreclosure. You should know your options and the laws to make it as better as you can

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Can A Credit Union Help Build Or Rebuild Your Credit?

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The most important way of upgrading or reconstructing your credit is establishing a new credit history. And, an excellent place to go for assistance is a Credit Union because they live by the philosophy of “People Helping People”. They are dedicated to their local communities and focus on improving the quality of life for their members.

They offer financial tools designed to reconstruct blemished credit scores. Credit Unions understand that having “less than perfect” credit makes it difficult to obtain a loan; so they want to help guide their members with get back on track” loan programs. Here are some ways that some credit unions nurture your finances back to health:

Loyalty Loan Programs: These loans will help with immediate needs and also help rebuild your credit. These loans reward the members with on-time payments with a lower interest rate and loan payment over the life of the loan.

• Ability to borrow with an unhealthy credit score

• Flexible qualifying guidelines

• Incentives to lower your loan interest rate and monthly payment

• Improves your overall credit rating and credit score

Credit Builder Loans: These loans are usually made by Credit Unions to help members build or rebuild their scores. This type of loan is approved for a small amount, normally not much more than $1,000. Instead of the member getting the loan amount like they would with a conventional loan, the money is placed into an interest-bearing account. The member makes payments monthly, and after a year or two, the loan is paid off and the money, plus interest is given to the member.

• No qualifications necessary, except a reliable source of income.

• Usually a 12-month term

• Member’s repayment behaviors are reported to the credit bureau

Free Credit Counseling: Many Credit Unions offer free financial counseling. Members that take advantage of this program eventually see increases in their scores which helps create a more financially healthy member.

Repair your credit with a secured credit card: A secured credit card can be a creditworthy tool for people with less than perfect histories. Most of the time, a savings account is used as collateral for the secured card. Secured credit cards are the first step for members who can’t qualify for a regular unsecured credit card. Just be aware that most credit unions don’t promote their unsecured card options, so make sure you ask.

The quickest way to build up a satisfactory score is to borrow and pay back the loan on time. It isn’t difficult, it just takes some discipline. Locate a Credit Union near you and check out what options they have to offer. Rebuilding or establishing new credit is easier with a Credit Union so start constructing a healthier credit history today!

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Tips to Get Lower Gold Loan Interest Rate Instantly

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Gold Loan Interest rates

Gold is considered an ideal asset by most Indian households. Passed down as heritage, gold articles hold substantial value in the market.

This is why most individuals lean on high-value secure credit forms like gold loans during financial emergencies. To comply with this demand, multiple lending institutions levy a nominal gold loan interest rate. Additionally, the RBI’s decision to maintain the repo rate at 4% has made the borrowing rate feasible.

To understand how the rate of interest on gold loan works, one needs to understand the calculation method.

How is the gold loan interest rate calculated?

The gold loan interest rate calculation is done by deducting the principal amount from the total amount to be repaid at the end of the tenor. Depending on the interest component, individuals can make repayment.

Borrowers can also evaluate their EMI structure by employing the simple formula P × r × (1 + r)n/((1 + r)n – 1). Here P stands for the loan amount, r stands for interest rate, and n denotes tenor or number of months.

For instance, a borrower avails a gold loan of Rs.2 lakh for a tenor of 20 years. The interest levied on the loan is 6%. They are obligated to repay a monthly EMI of 1,433 and approximately a total interest of Rs.14 lakh.

To ease out this complex calculation, individuals can use an online gold loan EMI calculator. This smart tool gives a detailed breakdown of the repayment obligation when tenor, interest rate, and loan amount is entered. Borrowers can tweak these figures until they reach a suitable interest rate. This will also help them compare lenders and find the one that levies the lowest gold loan interest rate.

In terms of repayment, a gold loan extends multiple options. An individual can opt for a traditional EMI structure or pay the interest periodically and principal at the tenor end. They can also choose to repay interest upfront and principal later.

Availability of these options and affordable interest rate contributes to the growing demand for a gold loan among borrowers. Doubling up of gold loan segment in India to Rs.6,064 crore as of 31st March 2021 substantiates this fact.

However, focusing on the benefits won’t make the borrowing successful. Instead, potential borrowers should have detailed knowledge of the factors impacting gold loan interest rates.

What are the factors that impact the gold loan interest rate?

The gold loan interest rate differs from one lender to another. The factors like the purity of gold and LTV ratio impacts the loan amount sanctioned by the lender. Some other factors are-

  • Inflation

Inflations can raise the demand for credit forms like a loan against gold. Technically, the value of a currency drops drastically, forcing individuals to look for secured funding alternatives. Moreover, as the value of gold increases, individuals can gain affordable interest rates on gold loans.

  • Current gold price

When the market price of gold rises, chances of leveraging gold ornaments’ equity also increase. Lending institutions are obligated to levy affordable interest rates if a borrower mortgages multiple gold articles. In a situation like defaulting, lenders can take care of the losses by auctioning the securities.

  • Relationship with lenders

Lending institutions are flexible about CIBIL scores. However, maintaining a healthy credit report and repayment history leverages a borrower’s reliability. Disclosing additional income sources will again ascertain one’s repayment capability. As an asset-backed credit option, financers will agree to borrowers’ demand of levying a reasonable interest rate on gold loans.

  • Global movement of gold price

Even the slightest change in gold price globally can impact the gold price in India. This is because India is the largest gold importer. Gold is always seen as the compatible financial source by borrowers; therefore, demand for a gold loan increases during economic turmoil. To leverage this demand, lenders extend suitable interest rates on this credit form.

These are some essential factors that impact a gold loan interest rate. Individuals should evaluate their financial stability and current market condition before making a loan application. Additionally, one should keep a tab over the updates made by RBI regarding the LTV ratio.  This will help them make the most out of their gold possessions.

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Different Types and Uses of Advanced Construction Equipment

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The construction industry is experiencing more demand than ever before, given that urbanization is taking place at a faster pace the world over. The role that construction equipment plays therefore is of paramount importance. The more a company understands how to derive the maximum efficiency from each piece of equipment it has, the better its project execution becomes. Here’s a look at the many purposes served by different kinds of advanced construction equipment:

  1. Earthmoving & Mining: Construction equipment that is capable of lifting huge quantities of earth in one scoop falls in this category. While bulldozers and articulated trucks are part of this kind, they are quite versatile and are widely used in highway construction projects. Some of the other specialized equipment is:
    • Surface Mining equipment, which includes electric shovels for mineral extraction, drills, mass excavators and giant draglines, which are extensively used in civil engineering.
    • Underground mining equipment, while similar, needs to function under different space parameters. Advanced pieces of such machinery include scalers, scissor lifts, and continuous miners.
  2. Excavation: Any kind of operation that requires digging, excavation, making trenches, etc. falls under this category. Many of the examples of machinery that are grouped under this require a great degree of flexibility and maneuverability, because of the limited area they might be operating under. The most popular and versatile of the lot is the backhoe loader. Apart from this, the other kinds that find widespread use are dredges (which are used in waterways to access sediments under water), excavators (in forestry, pipelines, and even mining) and trenchers for laying underground cable networks or to facilitate sewer systems.
  3. Lifting: Since the construction industry involves a great deal of hoisting material, people and other equipment, there are numerous specialized types of machines for this purpose, although some lifting can be done using excavators etc. They are developed taking into account various factors like machine capacity at specific heights, the speed of wind, maneuver radius, etc. The most popular equipment in this category includes boom trucks, forklifts, manlifts (specially designed for greater height reach without any impediments), cranes of many specialized varieties and pipe layers.
  4. Roads: Building a road is a project that necessitates the use of a rather wide variety of heavy machinery. Earthmoving, clearing areas, lifting work (especially when building a structure like a bridge) and paving are all activities that need different equipment. Cold planers (for milling asphalt), compactors (for ensuring a smooth, eve surface), curb machines, and crushing machines are just a few examples.
  5. Railroads: The use of several types of highly specialized machinery is needed when constructing railroads. Many factors like high cargo levels, passenger transit, energy consumption and safety have to be taken into consideration; so the equipment needed to serve these purposes has to be just right. Some of the commonly used machinery includes ballast tampers and ballast regulators. While the former help to render the railway tracks more durable and to facilitate perfect track alignment, the latter is aimed at distributing the gravel underneath the tracks more evenly.
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Valkor’s Gold Making Guide – Making Maximum Gold

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Some World of Warcraft players are surprised to learn exactly how much gold other players can make strictly through mining. Mining gold in World of Warcraft (WoW) has always been thought of as the “slow” method to acquiring large amounts of gold. But if you had the ability to look into other players’ accounts who strictly use the mining technique to acquire gold, you would probably be very surprised to see how much gold some of them have been able to acquire.

One of the “secrets” to mining large amounts of gold is to get a hold of a good gold making guide. There are a lot of these guides available, given that WoW is probably the most popular online computer game ever made. One of the leading Gold guides is called “Valkors Gold Making Guide”. This particular guide has been around for a few years now and was written by a player with several years of playing experience under his belt. It has become a best seller in the “gold making” category of WoW guidebooks for the simple reason that it works.

Thousands of copies of this book have been sold and are being used daily by World of Warcraft enthusiasts to make and sell gold for maximum profit. The guide covers a lot of ground in its 145 pages, but one of the main themes throughout the book is not just the making of gold, but also selling in the auction house. Too many players make the mistake of going to the auction house unprepared. Valkor’s Gold Making Guide spends a lot of time teaching your how to go to the auction house fully prepared so that your can maximize the spread between your buying price and selling price. “But low, sell high” is as true in the online computer gaming world as it is in the real world because the difference between the 2 prices is your profit.

WoW players who are best prepared for the fast-paced action in the auction house usually profit the most. Experienced Auction House WoW players typically will always do better in the game than players who may have expertise in other parts of the game but lack Auction House skills.

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Mines of Moria Leveling Guide

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Mines of Moria is the latest expansion for the well-known MMORPG The Lord of the Rings Online. Announced on March 14, 2008 was finally released on November 18, 2008.

The storyline is set in Moria, the complex underground land of the dwarves, in north-western Middle-earth and it was extended by six more books. Two brand new classes were introduced (warden and rune-keeper) as well as a new weapon enhancement system. The character level cap was also increased by ten levels.

The fastest way to go through the ten new levels is to follow this step-by-step Mines of Moria leveling guide:

Eregion (Level 50-53)

Start by doing the quests at Gwingris, in northern Eregion. The next steps will take you to Echad Eregion, South of Gwingris then to Echad Dunann, to the East. After completing the quests at these locations, go to Echad Mirobel South-Western area of Eregion, then the storyline will take you to the Walls of Moria to defeat the guardian of the entrance to the mines, The Watcher.

The Great Delving (Level 53-54)

After finishing Volume II, Book I you may adventure inside the kingdom of the dwarves, to Durin’s Threshold and then, East, to Dolven-view.

Durin’s Way (Level 54-55)

Next, the Mines of Moria leveling guide will take you the Chamber of the Crossroads in Durin’s Way, the northern wing of the Mines of Moria.

The Silvertine Lodes (Level 55-56)

The Silvertine Lodes is an intermediate mine between The Great Delving and The Waterworks. The quests here are about all concentrated in the Deep Descent.

The Waterworks (Level 56)

The second part of your level 56 should take part inside The Waterworks, one of the deepest area of the Mines of Moria. The easiest way to get here is to jump in the pit at the Deep Descent in Silvertine Lodes. You can find most of the quests at the Rotting Cellar, in Waterworks.

Durin’s Way (Level 56-57)

The following quests will head you to Jazargund and outside to Zirakzigil, back to Durin’s Way the northern wing of the Mines of Moria.

Zelem-melek (Level 57-58)

The most important place of the mines is the Twenty-first Hall, in north-eastern Zelem-melek. There is an Auction Hall and Crafting Hall, you can also find all the trainers here as well as an important number of quests.

Redhorn Lodes (Level 58-59)

The Redhorn Lodes area is situated South-East from Zelem-melek. The Orc-watch is the most important node of quests here.

Flaming Deeps (Level 59-59)

One of the high level zones of the Mines of Moria, Flaming Deeps, is located South of Zelem-melek. Go to Anazarmekhem at the northern entrance to this zone and start questing there.

The Foundations of Stone (Level 59-59)

This is one of the areas inside the mines with an increased degree of difficulty. Although there are solo quests at the Shadowed Refuge, but it is best to do them with a friend.

Lothlorien (Level 59-60)

The area where your leveling should end is Lothlorien. All the quests here are at Mekhem-bizru.

This Mines of Moria leveling guide shows the best order to go throught the zones of Eregion, Moria and Lothlorien. Most of the quests can be done by solo players but you will have your share of group content quests.

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Magical Panorama Route and Oliver’s Restaurant and Lodge

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Imagine… dramatic mountain scenery with isolated buttresses, sheer cliff faces and unusual geological features; imagine spectacular gorges, fairytale waterfalls and thick lush forests. I introduce to you ‘The Panorama Route’ in the Magical Mpumalanga Province of South Africa. Mpumalanga meaning ‘The place where the sun rises’.

The Panorama Route offers the traveller a number of spectacularly scenic viewpoints to experience this wonderland and includes views of the Blyde River Canyon (the 3rd largest canyon in the world) and its Three Rondavels, God’s Window, Pinnacle Rock, Bourke’s Luck Potholes and a number of beautiful waterfalls such as Mac Mac, Lone Creek and Lisbon Falls. The region also has an historical influence and a visit to the historic gold mining town of Pilgrims Rest is a must. Take a stroll down its quaint little main road viewing the restored historic buildings and miners huts, visit the museum to view the old mining relics, stop in at the tourist office and join a guided tour to experience the life in the gold mining hey days and try your hand at gold panning.

Most of the Panorama Route is situated on the Highveld. The views from God’s Window and Pinnacle Rock look out over the Lowveld way below. These 2 areas experience comparatively different climates. The Lowveld is subtropical, due to its proximity to the warm Indian Ocean and latitude. The Highveld is comparatively much cooler, due to its altitude of 2300m to 1700m above sea level. The Drakensberg Escarpment receives the most precipitation, with all other areas being moderately well-watered by mostly summer thunderstorms. The Highveld often experiences severe frost, whilst the Lowveld is mostly frost-free. Winter rainfall is rare, except for some drizzle on the escarpment.

My suggestion to you when travelling to South Africa is to combine a 2-night stay in or near The Panorama Route, with your African safari experience in the world-renowned Kruger National Park or in the private reserves just west of Kruger. Three of my absolute favourite luxury game lodges are Londolozi Private Game Reserve, Savanna Private Game Reserve and Lion Sands Private Game Reserve. These are all situated in the Sabi Sands Game Reserve well known for its excellent game viewing and in particular, its brilliant leopard sightings.

Now to bring you back to your experience on the Panorama Route, my suggestion here would be to stay at the award winning Oliver’s Restaurant and Lodge. This lodge has built a great name for itself. It is owner run and offers a friendly home away from home experience. Situated on a peaceful and tranquil country golf estate within easy reach of the Panorama Route, Kruger National Park and Nelspruit, the closest international airport.

Oliver’s Restaurant and Lodge rooms are luxurious, spacious and beautifully appointed. Attention to detail is superb. Personal service is top class. Cuisine is to die for. These combined attributes make it an absolute pleasure to stay here.

Spend the day lazing at the pool or being lavishly pampered in their wellness spa. A game of golf is right on your doorstep at the White River Golf Club. Outdoor activities in the region are plentiful and include quad biking, gorge swinging, white water rafting, hot air ballooning, helicopter scenic flights, hiking and horse riding. Obviously with Kruger National Park being only 25km away, you could also enjoy the day game viewing in your own vehicle. Pack a picnic lunch and spend the day roaming around the park spotting our fascinating African wildlife.

So one sees the abundance of options available to you in this area. It is well worth spending a couple of nights here to become acquainted with it and its friendly people. Just another magnificent part of our Rainbow Nation!

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High Potential in Kimberley Mine Dumps

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History of the Kimberley Diamond Fields

South Africa’s first diamond was found in 1866 in the Northern Province, along the Orange River banks. Following the discovery of the diamond, there was a extensive diamond rush, with thousands of hopeful prospectors flooding the area in search of alluvial diamonds along the river’s banks as well as by the banks of the nearby Vaal River.

Within a few years, several large diamonds were found, among them one located on a farm called Jagersfontein, which later became a famous diamond mine. After a number of discoveries, the area became known as Beaconsfield, which is today a suburb of Kimberley. One year after the discovery of the Jagersfontein diamond, the Kimberley and De Beers pipes were discovered nearby Bultfontein, and similar discoveries were made at farms such as Benaauwheidsfontein, Dorstfontein and Vooruitzicht. A fifth was found 20 years later, known as the Wesselton pipe.

While the pipes were initially worked by individuals, as the depth of the digging increased a more effective solution became necessary. In 1888 the De Beers Consolidated Mines came into being, under ownership of Cecil John Rhodes, a combination of the Kimberley and De Beers Mines.

In 1897, the rights to dig the Kimberley Mines were bought by a new company – Kimberley Mining Limited (KML). They mined until 1914, using a method known as opencast pit mining. This continued until World War I, in 1914. After the war ended in 1918, the mine was simply maintained for the next 8 years. At that point De Beers Consolidated took charge, but other than a few samplings of the mine’s contents, once in the 1950s and again in the 1980s, the mine has lain dormant. In 2002, the New Diamond Corporation (NDC) took control, but without funding the dumps and the mine became available. Today the Meepo Investment Consortium, part of the New African mining operations, has the rights to both the Caravan Park Dumps and the Kamfersdam Dumps of the Kimberley mines.

Town of Kimberley

Kimberley itself was established in 1871 following the diamond discoveries, and the town’s growth was largely as a result of the various mines built in the surrounding area. The town is named after kimberlite rocks – geologic volcanic rock formations that occur in vertical pipes, and which contain diamonds. Over time, the formations erode and the diamonds are carried downstream by rivers and streams to collect in alluvial diamond deposits. Not all kimberlites contain diamonds, and of those found not all are of sufficient quality or quantity to attract interest. However the alluvial diamonds found are usually of higher quality than those found inside the kimberlite pipes – because by the time the alluvial diamonds are discovered in their riverbed locations, low quality stones have been destroyed by the river’s current and only high quality stones remain.

One of the world’s premier areas for diamond mining, the Kimberley area is known today globally by members of the industry. It is nearly 500 km from Johannesburg and nearly 1,000 km from Cape Town.

Abandoned Mine Dumps

Today, in the area surrounding Kimberley there are a number of abandoned mine dumps that may have economic potential. Three of those dumps are: The Caravan Park dumps, the Kamfersdam dumps and the Eddie Williams Oval dumps. The Kimberley Municipality owns the mining rights to these areas, which they hope to turn one day into low-cost housing. Diamond Recovery can be carried out at the plant which is secured, and has both water and electricity. There is a perfect area for disposing of tailings. Kimberley’s infrastructure means it can be easily reached by airplane, railway or other means of public transport, a great boon to mining the area.

Reliability of Reports

While surveying has been done of late, it is not easy to judge the reliability of the resultant report. Primarily, both tailings and waste material have been dumped together, making the grades somewhat unreliable and although samples were taken from certain areas, the grades in other areas not tested could be vastly different. Today’s successful diamond recoveries from the Kimberley tailing dumps could be indicative of poor techniques used initially in the diamond recovery plants of the previous century. Another possible explanation is that previously the material was ground too coarsely and the smaller stones were not released or that the poorer graded material was dumped along with the tailings. As an experienced investor in New Africa Mining, I would say that this material’s diamonds, through the processes of weathering, have been released and are turning up in great quantities, also increasing the number of diamonds being recovered.

Caravan Park dumps

West of the Kimberly Mine Museum, these dumps hold material originally mined from the Kimberley mine – one of the biggest mines that existed as the 19th century drew to a close – from 1871 until 1914. The diggers mined to an ultimate depth of 1,097 meters. The caravan park sits on top of material that is between 1 and 2 meters thick, and as it contains some 595,000 tons of tailings, graded 9 cpht, there are approximately 53,550 carats worth of total diamonds located in the grounds here, with the largest diamond recovered from this dump so far weighing in at nearly 23 carats. In 2005, the dumps were mined for a total of 187 days and 1,122 hours. A total of 74,800 tons were mined and 4,874.28 carats were recovered at an average grade of 6.7 cpht. Estimates are that some 42% of the original dump material exists, which means that there is extraordinary potential for mining and a great return on the investment it will require to bring these mines to a fully active working state.

Kamfersdam dumps

Some six kilometers north of Kimberley, the Kamfersdam dumps hold material from the Kamfersdam mine, first discovered in 1880 and mined until 1914, when World War I broke out. By that time it had been mined to 104 meters deep. The Kamfersdam tailings dumps are all situated next to the abandoned Kamfersdam Mine north of Kimberley. The historically head grade of Kamfersdam was 28 carats per 100 tons (cpht). The two tailings of this dump total 5.2 meters or 5.4 million tons of tailings, which means there are an inferred.63 million total carats at 12 cpht. If 1 million tons are mined here per year, there should be another 4 – 6 years in which to make use of this resource. Despite the 12 cpht inferred, it is actually quite difficult to ascertain the grade of the material located in this dump, though it can be used for now. It will be important to discover the actual grade, as well as the average value per diamond carat – especially if it is to be compared with the diamonds found in the Caravan Park dumps so that a true estimate of its economic value can be ascertained. Over the next 4-6 years,mining these dumps should be an extremely lucrative venture, well worth the investment and a reliable source of income and investment return.

Eddie Williams Oval dumps

Some 3 kilometers north of Kimberley, these are a number of dumps that have very few resources left inside and are not worth discussing much further, so this paper will refrain from providing any more details at this stage.

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A Short Primer To Get A Canadian Commercial Mortgage In The US

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Owning a commercial property in the United States is the dream of almost every Canadian citizen living in the USA. Many of them have no idea of how to obtain a commercial finance or mortgage. Certainly, purchasing a commercial property in the US presents its own challenges, if you are not a US citizen, rather a Canadian. As per a survey by the National Association of Realtors (NAR), more than half of the property transactions are done in cash in the US.

However, commercial mortgage lenders are willing to extend credit to Canadian citizens on attractive terms. Sometimes these lenders even provide credit to them without a credit history in the US. Getting a commercial mortgage depends on the residential status of the Canadian citizen. Canadian borrowers can be categorized into the below categories based on their residential status.

  • Non-permanent residents with a valid Work Visa (G1-G4, E1, E2, H1B, L1, H3, H2B, and H2A)
  • Permanent Residents with a Green Card (form 1-551)
  • Foreign nationals whose residence is not in the US

Paying for mortgage

If you are a Canadian citizen who wants to purchase a commercial property in the US, then be prepared to pay more for your commercial mortgage as US mortgages are compounded monthly as opposed to commercial mortgages in Canada which are computed semi-annually. In addition to this, there may also be tax deductible in the United States for its Permanent Residents. Whereas, there is no such tax deductible available for Canadian citizens interested in purchasing a commercial property in the United States by getting commercial mortgage finance.

How to apply for Canadian citizen mortgage?

Canadians can apply for a commercial loan in the US remotely via Email or phone, if they do not mind a few long distance charges. Most of the lenders and brokers strongly recommend that Canadian citizens should have a US business bank account via a ITIN (individual tax identification number) in order to facilitate the funding of finance and transfer of the down payments for the closing.

Some of the reputed lenders offer secured mortgages of up to 75% of loan-to-value (LTV) at very competitive interest rates. Canadian citizens can avail such finances in all 50 states of US. In order to attain maximum client satisfaction, such transactions are closed in 30-45 days. The closing of Canadian citizen mortgage should be done in person in the United States, preferably at the offices of the commercial loan lenders.

Documents required for processing of the mortgages?

  • Legible copy of valid Canadian passport
  • Copy of Canadian Credit History Report
  • Fully executed legible purchase and sale contract which is signed by all the parties Verification of funds or deposit
  • 3 months bank statements showing that they have enough funds for a purchase
  • Personal Financial Statement stating Assets & Liabilities
  • Professional Reference Letter from CPA & Personal Banker
  • Bio or Resume on the Sponsor outlining previous ownership and experience managing such sizable investment
  • property if more than a $1M.+ investment
  • Real Estate Schedule of Existing Real Estate Owned In The U.S or Canada
  • Copy of U.S Individual Tax Identification Number
  • Copy of Earnest Money Deposit or Escrow Letter
  • Canadian Primary Residence

The final thought

Many commercial loan brokers and mortgage lending companies in the US offer commercial loans to Canadian citizens after verifying their financial track record, residency status and work history.

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