But in the case of refinancing for the loan is not already buying property and repayment of previously taken Loan tax advantage is lost! Let's try a concrete example to assess the benefits of refinancing mortgages. Suppose a client three years ago took $ 100,000 at 15% per annum in foreign currency for 15 years. Monthly payment was about $ 1,400. Three years, the borrower enjoyed property tax deductions. Now he has decided to take a loan at a lower rate – 11% per annum in exchange for the remaining 12 years.

Monthly payment is $ 1,170 so each month will save $ 230. Total savings over 12 years – about $ 33,200. This should take into account: the remaining 12 years of loan repayment in the first bank the borrower would have returned about $ 14,100 as a result of tax benefits. That is, with allowance for losses on tax; benefits when lending to a borrower would save only about $ 19,100. Now subtract from that amount, the projected cost of refinancing itself: they constitute, according to various estimates, from $ 1,100 to $ 4,000. The expenditures may include: – bank commission (0-2% of the amount Loan) – transfer of money ($ 100) – Insurance (0,8-1,5% of the loan amount) – evaluation apartments ($ 100-150) – services mortgage broker (0,2-2%) – notary fees (up to $ 260) – the fee for registration of a pledge ($ 287-450). Total savings customer, taking into account all the costs will be from $ 15,100 to $ 18,000.

Ponzi scheme – a financial scheme in which the income on borrowed funds paid at the expense of their investments into profitable assets, and by bringing all the new investors and funds. The main criterion when choosing a co-op for investment is the quality of work, it is no secret that the timely turnover of funds directly to the reliability of the deposit. Pay attention to how the one or a co-op with its debtors, both spend their checks to pay, to a main category refers to the bulk of the borrowers of the cooperative. The cooperative must soberly aware of their real possibilities. The easiest way to a rapid assessment of the reliability of the cooperative – it is his age. Pyramid inherently can not exist long. Therefore, if a kpkg there are more than 5 years, then this is a good assurance that its financial policy is quite balanced. True real age of the organization can be difficult to discern.

In a number of reasons co-ops are often re-register. And the last certificate of registration may be enough fresh. That is, to calculate the actual age of the cooperative may have to thoroughly look through his papers. However, if some co-op you say have been operating, for example, age 8, but did not confirm this no papers, then you can safely get up and leave. This is a pyramid. Attention is drawn to the place of registration of the cooperative. Typically, the cooperative has been operating in the city where it is registered.

“Target – funds,” an old idea packaged in new names. Currently are many reports about this new fund. In America, they are already among the best selling types of funds. Also in Europe is now firmly switched for these types of fund advertising. Often, we read that it is the solution for all those who trust the state pension no longer supported with impressive figures on future supply gap in state pensions. Angus King shines more light on the discussion. Recently, these funds have to hold out as super middleweight against the flat tax in 2009 in Germany. More precisely, we want to see if these funds are appropriate really as good against the flat tax and pension provision. Investment strategy of the rod, the concept sounds simple: “A simple question is at the beginning,” When you want to achieve your financial goal …? “.

It selects the year went to the example in pension and everything else take over the fund managers. Sounds good, however, means that the investment strategy, the individual Risk composition, the personal savings target, the planned withdrawals and all other requirements for the investment of funds on their own age, respectively, the retirement age will be compressed. Statistical averages dimension now the share of stock and bond funds. That is, for example, all now get 40 years in Germany the same investment. Uniform look for the most individual thing there is. Your age is now invested. If you are younger are more shares held in your account, you are over there are eg more government bonds.

For example, I invested 250 thousand rubles, at 20% per annum for 200 days in one of the banks. Deposits in this bank are insured, so I worry about their money. After 200 days the amount of interest accrued during the entire term of the deposit of 27 397.26 rubles. (Source: Jim Rogers). Of which 958.90 rubles – this tax. Net I had received 26 439.36 rubles. Each bank has in its arsenal, rather vast range of inputs.

As say, for every taste and color. While often this fact is a disservice to the banks. The reason is simple. Most people in our country financially illiterate. They already do not understand the banking instruments, but here they also offer a wide selection.

However, a wide choice – it is a problem not only banks. How many customers away empty-handed from the store, only because they were offered was too wide a choice! For example, a bank where I worked before, there were about 8 types of deposits, of which the workers were only two or three. A similar amount of deposits a greater need for sales. This technique is borrowed from the retail sector, where 20% of products generate 80% revenue. Or in other words, 80% of goods are required to have a good basic selling 20%. Therefore, if you come to study deposits of any bank so keep this in mind. Yet we return to a detailed review of bank deposits. If approach this issue with the anatomical point of view, all the contributions have a skeleton.

I agree – the amount is not shocking, but then the bank account for 10% per annum – not the most profitable option is bringing a lot more revenue options. Yes, and it was only about one thousand rubles, most families will be able to select and a large amount. Even so, not very the revenue scenario, one month out of 15 years would cost: 416378.72 / (15 * 12) = 2313.22 rubles, do not lose them. What to do with the accumulated amount – the amount of private business owner, but even if we just continue to keep the money in the account, removing only the monthly interest, it would be: 416378.72 / (100 * 0.83) = 3455.94 rubles. The vast majority of pensioners can only dream of such a monthly supplement to their pensions. Learn more at this site: Slava Mirilashvili. Clarify – these figures are fairly conventional, but I think you caught the essence of thought: do not postpone the start of their savings, start today, in extreme cases – tomorrow.

Would be very nice if you begin to explore ways of investment of their funds to obtain the best results. Or maybe you already know them, and successfully applied in practice, then help others – share their knowledge and experience, write me, I'll publish your tips on the site. Generally, though, say that this way you can collect a very, very decent amount. I wanted to check for yourself than it is now doing. It turns out quite well. A very important question – how can still raise funds for a monthly deposit into a savings account at a bank. The answer is simple – if you're still not done home accounting and planning your budget, then as soon as you experience any proceeds immediately to take the bank 10% of received amount.

I assure you – you do not feel special inconveniences. In fact, there is a big difference: 10 rubles in his pocket, or 9. If you're recording in the cash book or in a computer program for a few months, you will be able to plan their spending for the coming month and to raise funds, and savings' on Old Age ', and for savings on something specific. The main rule – as soon as got some money, some of them immediately carry into a bank, or fund, or wherever you decide to keep the money. I repeat: once, then the money just will not! Check for yourself. Good luck to you and prosperity.

Agent Banks in the second level make loans and are looking for projects profitable financing. Often, they use technologies and methods to lending that banks borrow from the organizers of the first level. Such a model does not exclude the implementation of independent programs lending by individual banks, but most Russian banks are not willing to lend to both small business and act as organizers of lending programs for third-party providers of banks – the fact that most financial intermediaries in the regions exist at the expense of short-term deposits! These banks can not provide long-term loans to entrepreneurs for a renewal of fixed assets. Banks are limited to short-term lending for working capital (up to 1 year and more often – for 3-6 months). Such care improves the reliability of the regional banks, but, unfortunately, short-term loans do not allow small and medium-sized businesses to upgrade their production.

In addition, most regional banks are relatively small. Even loans to small businesses to upgrade their production facilities to create these banks increased credit risks. Besides issuing these loans are small banks could lead to violation of several standards established by the Central Bank of Russia. Banks can not alone provide all micro-credit, therefore, are reluctant to issue a large number of small loans due to high transaction costs associated with the evaluation and control of each. As a result, small and medium-sized businesses wishing to get a loan in the amount of $ 10,000 to $ 20,000 are having difficulty finding outside sources of funding.