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Let’s Talk About the Flexible Mortgage



Flexibility is the key to stability. That’s why it’s necessary for this type of mortgage to jump in the list. So basically, we are going to talk about the Lifetime mortgage. Yes, it’s suitable to have the name- “Flexible Mortgage”


Well, that’s what we’re going to talk about in this article. The pensioners pile up major stress regarding drastic fall in their regular income. They fear the absence of financial stability in their future years. But, what if this financial instability is cut down by the financial flexibility? Sweet!

So, the knife of financial stability is particularly termed as Lifetime Mortgage.

• What is it?

Lifetime mortgage. It’s a long-term loan that’s secured against the borrower’s property and is repaid when he/she dies or moves to the long-term care. During the loan term, the borrower continues to stay in that property and maintains it-

• How does it Work?

When you are at least 55 years old, you need some kind of financial stability to take care of your monthly expenses and other essentials. What you can do is… you can take out a loan against your home where you live. You’ll be using the money for whatever you need. You’ll still continue to live there and retain your ownership until you die or move to a long term care. That’s when this loan will be repaid.

After you die or move to a long term care, the property against which you took the loan will be sold. The amount fetched out will be used to repay the loan amount to the lender. The remaining amount will be passed on to your heirs.

• Flexibility is divided into further flexible branches!

Drawdown Plans- At this age, regular income is what you’ll crave. But without a job, would that be possible? Yes! With the Drawdown Lifetime Mortgage, you can plan the loan amount into regular incomes for yourself.

So, you’ll still be complimenting your regular expenditure with stable income support. The advantage? The interest will be charged on only the amount you take out for your necessities. So, basically your interest is not going to roll-up and that’s a stress revealing thought!

Enhanced Plans- This is a kind of generous flexibility. It is preferably based on the borrower’s health and lifestyle. Any impairment or serious health issue of the borrower can result in lower life expectancy. This influences the lender to provide larger amount than normal mortgage deals.

Protected Plans- You took the Lifetime Mortgage against your home. Now, when you’ll die, nothing will be left for your family. But you don’t want that, right? So, opt for protected lifetime mortgage plan.

According to this, you’re free to fix up some part or furniture of your home which will be excluded for the mortgage deal; that you can save up as inheritance for your family. It cannot be used to repay the mortgage loan.

Interest Payment Plans- Interest payment mortgage plan is a way to periodically reduce the mortgage debt. If you wish to repay the monthly interest charged against your loan, you need to opt for this plan.

It will prevent the interest roll up. Reducing the compound interest, the final amount to be repaid at the end of the mortgage term will remain equal to the amount borrowed. This is an appreciable option for those mortgage borrowers who have reasonably good retirement income.

• Flexibility Comes with a Price

Being flexible is an advantage but for benefiting yourself with this financial boon, you need to pay some costs. It’s highly necessary that you are perfectly aware about that. So, the costs that’ll be involved in taking up this Lifetime mortgage deal are:

Arrangement Fee: You will have to pay this to the lender while arranging the preferred lifetime mortgage deal.

Legal Fee: When the lifetime mortgage plan is finalized, you will be required to pay some legal and valuation fee.

Advisor Fee: This kind of decisions need through discussions and advice from a learned financial advisor. So, you need to pay the fee for a wise advice.

• Some facts you don’t want to know but you should know!

Well, it needs courage to except the cons of something that shines out as an amazing option. But, like a quarter, everything has two sides. And it will be foolish to stay unaware about these not-so-welcoming facts.

– Curbed State Benefits: The benefits offered by the government like the council tax benefits and pension credits can be affected by this mortgage deal.

– Reduced Inheritance: The rolled-up compound interest can blow up the amount of mortgage to be repaid resulting in highly reduced inheritance for your family.

– Early Repayment: If you’re able to and wish to repay the whole amount prior to the mortgage term decided, you will have to pay an early repayment charge too.

– Equity Release is not highest: The Lifetime Mortgage Plan cannot offer as much as the Home reversion Plan.

Do contact your financial advisor. Explain your personal situation with every detail, discuss the pros and cons in much more detail, ask out all the questions jumping inside and get a customized perfect solution for yourself.


TA: Bitcoin Prints Bullish Pattern, Why Close Above $44K Is Critical




Bitcoin price started a decent increase above the $42,000 level against the US Dollar. BTC is now eyeing a key upside break above the $44,000 resistance zone.

  • Bitcoin started a recovery wave above the $42,000 and $43,000 resistance levels.
  • The price is still trading below $44,000 and the 100 hourly simple moving average.
  • There was a break above a major bearish trend line with resistance near $42,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could accelerate higher if there is a clear break above $44,000.

Bitcoin Price Starts Fresh Recovery

Bitcoin price remained well bid above the $42,000 level. BTC formed a support base and started a decent increase above the $42,500 level.

There was a break above a major bearish trend line with resistance near $42,500 on the hourly chart of the BTC/USD pair. The pair climbed higher above the $43,000 and $43,500 resistance levels. It even tested the $44,000 level.

However, the bulls are struggling to gain strength above $44,000. Bitcoin is still trading below $44,000 and the 100 hourly simple moving average. A high is formed near $44,024 and the price is now consolidating gains.

It even tested the 23.6% Fib retracement level of the recent increase from the $39,579 swing low to $44,024 high. On the upside, an immediate resistance is near the $44,000 level. The first major resistance is near the $44,200 level and the 100 hourly simple moving average.

Source: BTCUSD on

A clear break above the $44,000 and $44,200 levels could start a strong increase. The next major resistance is near the $45,000 zone, above which the price could rise towards the $47,000 resistance.

Dips Limited In BTC?

If bitcoin fails to clear the $44,000 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $43,000 level.

The next major support is near the $42,000 zone. The 50% Fib retracement level of the recent increase from the $39,579 swing low to $44,024 high is also near the $42,000 zone. A downside break below the $42,000 zone could start a fresh decline. In the stated case, the price could even revisit the $40,000 level in the near term.

Technical indicators:

Hourly MACD – The MACD is slowly gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $43,000, followed by $42,000.

Major Resistance Levels – $44,000, $44,200 and $45,000.

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Judge Denies SEC’s Crypto Transactions to Ripple



Judge Denies SEC’s Crypto Transactions to Ripple
  • Court denies in granting SEC’s crypto transactions to Ripple
  • Judge says SEC employee’s crypto history is completely irrelevant to the subject 
  • SEC states it has no fundamental obligations or policy upon crypto trading amongst its employees

The battle between Ripple and the U.S Securities and Exchange Commission (SEC) has been on fire since last month. Besides, the SEC now cornering the Ripple platform’s cryptocurrency, the XRP, Ripple fights back profusely. Also, according to the SEC, the Ripple platform and its cryptocurrency XRP are said to be completely insecure with many flaws in terms of security aspects. 

In spite of this, Ripple has filed a charge upon the federal court of New York at the end of August. Accordingly, Ripple requests the court to handover the SEC employee’s crypto trading history and transaction details. This is to the fact that if the employees have traded XRP, then with this Ripple wants to prove that the platform and its native token, the XRP are completely safe and secure. 

However, the entire court seems to be in favour of the SEC, as the judge denies granting Ripple’s request.

The Judge’s Decisions

The federal court judge, Sarah Netburn is found to be rather in support of the SEC and against Ripple. Accordingly, the judge states that the SEC’s Ethics Counsel did not implode Ripple or anything in link with it. 

Moreover, the judge states that in such a case it’s completely unnecessary for the SEC to give out the crypto trading history of its employees. And so, it’s not needed, declares the judge. 

In addition, Sarah points out that the court’s federal rules are to protect the U.S citizen’s privacy rights. 

The Battle History

Furthermore, it seems the SEC and the court favouring it are using the same statistics as that of Ripple previously. 

Accordingly, taking the history into account, at first the SEC has requested Ripple to provide it’s internal communications access. 

However, Ripple denied it. Also, Ripple justified that revealing all those related data and documents is a completely time consuming process and its cost is also a concern.

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Conflux (CFX) Price Sky-Rockets 60 Percent in the Last Week



Conflux (CFX) Price Sky-Rockets 60 Percent in the Last Week
  • ShuttleFlow is a Conflux-based cross-chain asset bridge.
  • Sponsors pay the user’s transaction costs to assist with onboarding.

Promoting global token economy infrastructure. Conflux connects artists, communities, and markets globally. It is a high-speed first layer consensus blockchain that uses a Tree-Graph consensus algorithm to process blocks and transactions in parallel for improved speed and scalability.

It is the first regulatory compliant, public, and permissionless blockchain in China, linking decentralized economies to enhance the global DeFi ecosystem. Moreover, Conflux uses a well-tested PoW consensus to offer protocol-level security and anti-reentrance attack mitigation.

Increased Issue of Tokens

ShuttleFlow is a Conflux-based cross-chain asset bridge that allows smooth asset transfers across protocols. Moreover, it is the blockchain that can scale without compromising security or decentralization.

Built-in staking interest supports creative DeFi applications. The increased issue of tokens presently yields an annualized rate of 4%. Sponsors pay the user’s transaction costs to assist with onboarding. This mechanism enables individuals with no wallet balance to participate in the blockchain. 

Conflux’s token economy revolves around the $CFX token, which holders may use to pay transaction fees, stake for rewards, rent storage, and participate in network governance. Also, CFX compensates miners who guarantee the Network’s security. The Shanghai Free Trade Zone will explore cross-border trade using the offshore Renminbi (RMB) stable coin.

As per CoinMarketCap, Conflux Network price is $0.393001 USD. In the last 24 hours, the coin has gained 2.55% percent of its value. Furthermore, comparing the current CFX market cap to yesterday’s market value shows an increase.

The CFX gained sixty percent in the past 7 days. Moreover, Conflux Network has recently demonstrated great promise, and now may be an excellent time to invest.

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Bitcoin Falls to $40k Resulting in Over 180,700 Investors Liquidated



Bitcoin Falls to $40k Resulting in Over 180,700 Investors Liquidated
  • UK’s Financial Conduct Authority publicly warned investors.
  • The largest crypto by market cap fell 10% in the previous week.

Fear of default by Evergrande Group, a Chinese real estate company, triggered a new round of crypto selling. 182,798 traders had been liquidated as of this report. The largest single transaction was a $14.52 million Bitfinex-ETH liquidation order. values the global crypto market at $1.84 trillion, down around 1.6% from the previous day. The largest crypto by market cap fell 1% in the last 24 hours and 10% in the previous week.

After Tuesday’s sell-off, Bitcoin seems to have steadied around $40,000 support. After such a drop, analysts expect BTC to stabilize later this week.

A Parabolic Rise is Long Over-Due

Before the flash collapse earlier this month, funding rates were high, according to Delphi Digital, a crypto research company. However, the market was not as aggressive this time, resulting in a slightly better result. The developments surrounding Evergrande may cause increased volatility in the coming weeks.

On the charts, strong overhead resistance at $55,000 may limit short-term purchases. The U.S. With the Fed’s policy meeting ending on Wednesday and Bitcoin options expiring on Friday, volatility may remain high this week.

After this year’s relative Bull Run, an anonymous cryptocurrency expert told Nairametrics a parabolic rise is long overdue. Moreover, several weeks ago, the UK’s Financial Conduct Authority publicly warned investors about the risks of trading crypto assets.

The global crypto market is in the red due to the Evergrande crisis, dubbed as China’s Lehman Brothers. The uncertainty caused by Evengrande’s crisis impacted global stock markets. This crisis has a ripple effect on the cryptocurrency market as well as the global equity markets.

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Study Reveals Even By 2030, C02 Footprint From Bitcoin Mining Not a Concern



Study Reveals Even By 2030, C02 Footprint From Bitcoin Mining Not a Concern