Connect with us

Bitcoin

Refinancing with a Flexible Home Equity Loan – Turn Your Mortgage Constraints into Money Savings

Published

on

If you feel too constrained from your current home equity loan payment plan, it’s time to reconsider your opportunities.

Let’s see the four ways your current home equity loan is constraining you:

1) You have constraints on payments.
Simply you have to pay the due amount depending on your current debt and the interest rate you are sustaining.

2) You can have significant cashflow fluctuations when during the year you have to sustain recurring and expected big yearly expenses.
This gives some problems in the cashflow of the period and money shortage.

3) You have big cashflow fluctuations due to yearly big expenses (e.g. summer vacations).
Similar to the previous one but it’s much larger in size. When this happens, and you already know when it will, simply you need an extra-ordinary management effort of your finances.

4) Oh, of course it’s possible you are paying very high interest rates and simply you’d like better loan terms. But of course your current terms are tying you to your current payment.

The two steps to a better way

1) Find a type of home equity loan that gives you more and allows you to overcome these problems.

2) Refinance your current home equity loan with the new one.

Well, if you suffer from “loan payment flexibility syndrome” you are lucky. In fact there are currently equity loans which are designed to help you. They are the “Flexible Home Equity Loans”.

These are Equity Loans that allow you to overpay instalments to reduce debt (so interests), underpay instalments when you are short of money (if you have overpaid before) and to skip a payment in the year if your previous overpayments have given you enough margin.

How are we going to substitute our current loan with a new one? Well, refinancing it, i.e. asking for a new loan that with new terms that will pay the previous one. So it’s a way to replace the old loan with a newer one, based on new contractual terms. It’s important to leverage the new terms for three different points:

1) contractual flexibility (what you are searching);

2) interest rate paid (for fixed rate mortgages) or spread paid (for base tracker equity mortgages);

3) lower costs.

So, what are the 5 steps that allow us to do this?

1) Ask your current lender

Ask if they provide flexibile loans and what can be done if you need more flexibility.

2) Research the market

As you can see, searching the marketplace is essential when considering loans, since flexible loans, equity loans, and other loans change in rates. Check for lenders in internet and track their offers.

3) Exploit market offer

As home equity loans and re-mortgaging loans are common, there are a variety of loans to select–and most have their own variations. Understand market offer and what is making them different.

4) Exploit market competition

Mortgage companies are competing against each, other offering some of the best rates on the market. Exploit this market competition to get lower interest rates and close-to-zero loan expenses.

5) Close the deal

First, ask your company for a refinancing. Use what you have gathered in the previous steps (i.e. what your lender’s competitors are eager to do with you to gain a new customer) to ease your negotiation.

If your company is deaf, ask another company to give better terms and use the new money to close the previous debt with the old lender. Pay attention to the closing costs of the previous contract (there are usually penalties related to anticipated extinction).

Now, action

So, we have a new contract. Then?

1) Exploit overpayments to reduce interest paid

As flexible rate equity loans offer you the ability to overpay your mortgage, do it as soon and as often as you can.
In fact overpayments will reduce the debt, so you are going to pay fewer interests independently of what is happening to interest rates.

2) Exploit underpayments

If you have overpaid “enough” (depending on the contract you have signed), then you can also “underpay” toward mortgage, providing you have made the minimum required amount and number of payments.

3) Exploit holiday package
As these loans also provide “holiday packages” for underpayments, go for it! So if you pay enough overpayments, you can stop payments for a month to take a vacation. This will lessen the biggest cashflow problem we spoke about.

Finally…

The flexible rate equity loans are for sure a method to leverage your resources to improve your equity loan. If you feel your equity loans is a too big constraint, give a look to this option.

Bitcoin

Famous Futuristic George Gilder Weighs BSV Over BTC at Summit

Published

on

Bitcoin (BTC) Prices Hold Steady After a Severe Turmoil
  • The Summit is held annually to help investors discover new market trends.
  • Gilder highlighted the advantages of BSV over BTC to the current issues.

As per renowned futuristic George Gilder, a “dynamic Bitcoin” that has “really created a miracle in recent months,” BSV is on the verge of becoming the de facto standard for all global currency in the next five to ten years. The Famous futurist gave an online “Six Predictions Summit” presentation to a group of financial experts, highlighting the advantages of BSV over BTC as the answer to the current economic and technical issues.

Framework for New World Order Required

According to Gilder, “immutable, unhackable” Bitcoin and the blockchain have produced freedom from political control currency. “Dual hacking crises” (technology hacking and economic hacking) affect today’s globe. Still, they may be addressed by establishing a new global economy and laying a framework for new world order.

The Six Predictions Summit is held annually to help investors discover new market trends. Due to current travel and other constraints, this year’s event was hosted online instead of in person. Renowned investing trend spotters Jim Rickards, James Altucher, Ray Blanco, Zach Scheidt, and Alan Knuckman joined hosts Doug Hill and Matt Insley on the show.

George Gilder has referenced Bitcoin’s “digital gold” myth at several points. Aside from noting that “the original Bitcoin, BTC” and Bitcoin Satoshi’s Vision or BSV are distinct, he reaffirmed gold’s usefulness as a long-term store of wealth.

Gilder said:

“Bitcoin Satoshi Vision has really created a miracle in recent months, rather than the static Bitcoin, which people hold on for dear life. It’s a dynamic Bitcoin that moves with the advance of technology.”

Despite the fact he called BTC “Bitcoin”, “the original Bitcoin” was not the answer he was talking about. The asset was regarded by him as being of no use to anybody except speculators, terming it as static.

Continue Reading

Bitcoin

Is the Future of Real Estate in the Metaverse?

Published

on

Is the Future of Real Estate in the Metaverse?

Although the metaverse is not a new concept, it has recently gained much more attention. Many are now becoming familiar with the idea, and are looking into what its future offers and how they can be a part of it. The metaverse will completely transform the current way of life for the average individual, affecting work, trade, entertainment, leisure, exercise, social interactions, and everything in between.

Apart from the retail players, big tech companies are also getting into the space. Facebook, the world’s most popular social media platform as of 2021, has recently rebranded to “Meta”, showing its commitment to this new space. According to an official announcement, rebranding was necessary because the company is shifting its focus to bring the metaverse to life. Footwear and apparel giant Nike is also preparing for the metaverse and has signified interest in creating its own space, as well as Adidas, another powerhouse brand.

The metaverse will transform many aspects of life by improving interpersonal interactions, establishing communities, and helping businesses grow. The climate required to create and operate a successful business will also change considerably. Firstly, the metaverse will allow businesses, regardless of size, to establish digital stores for their goods and services. A significant advantage of these capabilities for the average company is that opening a physical store is no longer necessary. This could significantly reduce overhead costs without having to sacrifice customer reach. In a virtual world, a company can tap into wider audiences beyond the physical boundaries imposed in a real-life setting.

There are also multiple metaverse use cases for the entertainment sector. For example, entertainment brands could use metaverse locations to preview music to excite virtual fans, holding mega concerts to listeners around the world. Furthermore, fans may also get the chance to meet and interact with their favorite celebrities, an opportunity rarely possible in the real world.

Additionally, people can gather for leisure activities in virtual parks to play or bond over shared interests and ideas. These locations could replicate attractions available in the real world, engaging all different types of users in the process. For instance, people can build teams based on varying activities, including everything from traveling, virtual combat, or playing chess. The metaverse will offer a slew of new opportunities for individuals and brands alike.

One of the less obvious but very promising advantages of the metaverse is the opportunity to capitalize on virtual real estate. Regardless of sector or industry, the shift to the metaverse still requires individuals and businesses to establish a presence on the metaverse; this is where virtual real estate comes in and plays its part.

All metaverse offerings, including commerce, healthcare, entertainment, and other sectors, must set up shop somewhere in the metaverse to reach their desired base. Individuals can also invest in virtual properties for various reasons, In parallel to the traditional real estate market, Investors can earn profit by purchasing properties and leasing them to businesses and other franchises. Investors can also simply buy virtual properties, hold them into the future, and later flip them for a potential profit. With 500 million dollars sold just in real estate in the metaverse, last year projections state that it will double this year!

The key to making the best out of a real estate investment is getting in early. As with everything else, early buyers catch on quicker and are in a better position to make a profit if and when the value increases. Investors are able to pick their property at floor price in a strategic approach that will allow the potential for a larger profit as well as an easier sale just as investors do in the traditional real estate setting. Users looking to get into digital real estate in the metaverse can start their virtual portfolio and begin with Ethereum Towers.

Ethereum Towers

Ethereum Towers is a community-centric vertical megastructure set in the Ethereum Worlds metaverse. Consisting of 4,388 separate apartments, Ethereum Worlds is a major player in the space available to investors interested in taking an early chunk of the metaverse real estate market as it grows. The apartments in the structure are in two identical towers, each with 101 stories. Each apartment is an NFT on the Ethereum network and is available as an ERC-721 token.

All owners in the Ethereum Towers can use their apartments however they please. Each owner can personalize their space how they wish, giving them full autonomy over their digital real estate asset. For this, the Ethereum Towers offers a marketplace with a wide range of accessories, furnishings, and ornaments that owners can purchase and set as preferred. Since each apartment is available on the Ethereum blockchain as an NFT, ownership is guaranteed and easily verifiable.

Due to the deliberate design, Ethereum Towers apartment owners and guests can explore the social benefits of a large community with similar interests. All residents partake in a virtual social experience supported by meaningful interpersonal interactions. Each tower possesses communal areas where owners can meet and interact, regardless of any preconceived boundaries that would limit interaction in the physical world. Through these interactions, users can build a strong sense of belonging and establish friendships along the way.

Perhaps the most significant advantage to Ethereum Towers is the investment opportunity it offers. In the metaverse, unlike in the real world, digital property assets usually have a much lower entry barrier, making it much easier for interested investors to get involved before the masses. The value of the apartments are projected to increase over time as meta living becomes more popular, providing early adopters a chance to capitalize on being first movers.

Getting In Early

Investors that have been able to identify ideas that dramatically impact the functionality of the future have always prospered. Those who understand the impact and utility around the metaverse too will have a major headstart within the benefits that this realm will offer. With Facebook being one of the largest and most successful companies taking action to rebrand itself as “Meta,” this should give investors a clear idea that a new significant era is on the horizon.

 

Continue Reading

Bitcoin

Popular Analyst Predicts Major Breakout for Ethereum (ETH) on the Cards

Published

on

Ethereum To Reach $20 Trillion by 2030 as per Ark Invest CEO Cathie Wood
  • Ethereum’s price has rebounded from a two-month decline in the last week.
  • Partisans are bullish on ETH 2.0 and are targeting a price of $8,000 shortly.

Since its January lows, the price of Ethereum has risen almost 50%. The Ethereum blockchains native token, Ether, has recently shown indications of resurgence. The altcoin is benefiting from several fundamental factors.

ETH/USDT: Source: TradingVIew

Ethereum’s price has rebounded from a two-month decline in the last week and has already reached the $3,000 mark. Cryptocurrency analyst Benjamin Cowen predicted a significant breakout for Ethereum (ETH) this week. According to him, the ETH price range between $2,000 and $4,000 represents a major re-accumulation zone for a medium-term runway of higher prices.

Upcoming ETH 2.0 Crucial

It’s also predicted that the network’s different offerings would show greener candles. Additionally, Partisans are bullish on ETH 2.0 and are targeting a price of $8,000 shortly. As the price of ETH continues to rise steadily, the fear and greed index for Ethereum weighs more heavily on the greed side of things.

Every obstacle on its path to the $3,200 mark on the daily chart has been overcome by Ethereum. Bulls are fully expecting the next price drop to be taken out by them. Aiming for the $3,600 level, investors have successfully crossed the 50 SMA and the bearish sloping line.

More than 45 percent of Ethereum’s value has been wiped off since its all-time high on November 10. Since its November high, Bitcoin, the world’s most valuable digital currency, has fallen by more than half. However, prices reversed their downward trend in February.

However, if pricing fails to hold above $2,800 in the next few trading days, we might witness a further decline below $2,400. According to CoinMarketCap, the Ethereum price today is $3,195.23 USD with a 24-hour trading volume of $13,485,593,739 USD. Ethereum has been up 3.84% in the last 24 hours.

Continue Reading

Trending