Bankruptcy New

By Barton Simmons

 Since the slump in house prices during the early-to-mid 1990s, millions of UK homeowners have seen the value of their property rise by considerable amounts. This has made many a UK homeowner equity rich and, on paper, very wealthy. But, with all the equity tied up in their home the reality of the situation is often very different as homeowners struggle to find the money to make ends meet or to pay off other loans. If this is you then don’t despair…equity loans are the answer to just this problem!

Releasing equity

Equity loans are loans secured on the value of your home minus loans already secured on your home, the most significant of these pre-existing loans secured on your home being mortgage loans. The difference between the value of your property and loans secured on your home is known as equity. Equity loans are loans secured only on the free equity value of your home. A wide selection of equity loans are available from loans companies, and the low loans rates associated with equity borrowing makes loans based on equity one of the cheapest ways to borrow money in the UK.

Loans based on equity release are very flexible in repayment duration. For instance, loans drawn from equity with a repayment duration to match the length of your remaining mortgage loans are just as readily available from equity lenders as short loans of 36 to 48 months in duration. Do take into account though that short duration loans require higher monthly repayments to equity lenders.

Equity heaven

Releasing equity tied up in your home through equity loans improves personal cash flow and really takes the pressure off servicing other loans that you’ve acquired. But, equity borrowing offers so much more than just paying outstanding bills and loans. With loans based on equity in your home you can move forward with your life. Maybe you’d like to use the equity-released money to buy a new conservatory? Perhaps you’d like a second honeymoon or to take regular exotic holidays using the equity? If you’re looking to profit from the equity released then you can always re-invest the equity as loans to buy property to let or renovate. When you think about it, there really is no limit to what loans secured on equity in your home can do for you.

One word of caution though. Before taking out loans secured on equity in your home, do consider how you will meet the monthly repayments. You don’t want to get yourself into a position where you have to sell your home to service your loans secured on equity.

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An Overview of Structured Settlements

By Barton Simmons

 For most people when they buy a house it is considered their life’s largest deal. In some cases of structured settlements the compensation and financial considerations for a persons life duration and the total present value of the settlement can reach few millions of dollars. Therefore it is strongly advised to use professional services like annuity consultant and a lawyer specialized in this field in order for you to avoid painful costly mistakes. Here are some tips:

- Think twice before you make a decision. Do you really need that money or you want to feel rich, secure, powerful etc’

- Take only part of the money not all of it, in case of an injury claim the Court needs to approve your request, the judge will want to know what do you need the money for.

- Some Funds will try to convince you that due to Inflation and rising cost of living your annuity payments have less and less buying power over time. Remember that if the Structured settlement was done properly it has a cost-of-living adjustment (COLA) feature build into it in order to offset the effects of inflation over time. So the funds claim on this issue is only partially true as the cost of living index is an artificial and biased measure of the actual inflation over time. Still even 70% protection is reasonable.

- When you get a large sum of money take into account that each bank is F.D.I.C. insured for up to $ 100,000 only! That means that if your sum of money is bigger than that you will need to open additional Account/s in a different bank/s in order to be covered.

In addition take into account that as long as you deposit your money in C.D’s (e.g. Certificate of Deposit) you are covered, but if you invest your money In fixed income, stocks, bonds, and mutual funds. These securities are NOT F.D.I.C. insured!

- In case you transform Lottery winnings payments or a large sum of money from structured settlement, keep it as discrete as you can, It is not recommended to go and buy a Rolls-Roys or any other flashy car, that will bring the criminals and the charity people to chase you. That might even cause your children start to ask for money. Try to keep it a secret.

- It is a good Idea to get more than one or two offers from various private funds before making a decision, remember you are a very lucrative customer, the funds should fight over you! Don’t be timid to negotiate and manipulate them to maximize your money.

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The Facts About Retiring in Thailand

By Richie Lindsay

 When many people retire, they just stop working and continue to live where they currently are. This is not for me. I live in Hawaii and have been here for 23 years and love the islands, but I don’t want to retire here.

The cost of living in Hawaii is not conducive to retirement living unless you have a ton of money. I have a nice nest egg, a pension coming and a military retirement, but I don’t want to struggle with day to day living in Hawaii.

I prefer to live in a country where it will take about 25% of what it costs me now to live. That place is Thailand.

I have been stationed there as a soldier, participated in military exercises there, and take two or three vacations in Thailand every year. It is my personal paradise and where I will spend my golden years.

If you have ever visited Thailand and been to Bangkok, Pattaya, or Phuket, you will think I am crazy saying that you can retire for $550 per month. But, keep in mind that living in Thailand permanently is different than being there for a two or three week vacation.

During a vacation you tend to spend all of the money that you saved up over the year and have a great, blow-out holiday. If you live in Thailand, you won’t be going out bar-hopping and just throwing your money around like you do on vacation. Plus, if you live in a place, you tend to know the places to get the best deals and prices.

As I’ve gotten older and have a lady that I see in Thailand, I don’t have the need to go out as much. We still go out for dinners and shopping and site-seeing, but I spend a lot less than when I am in Pattaya on a single man’s holiday.

My last trip I spent three weeks in Khon Kaen, northeast of Bangkok. My hotel room was basic and cost about 12 dollars per day. My lady would cook breakfast for me and then pick up some goodies from the local street vendors for my lunch. We would go out for dinner and have three or four plates of food, a couple of beers, and some water.

My daily expense for this was about $25. This is for meals and my room. Granted, I spent a little more when we went out shopping and I also saved a bit by drinking beer in my room instead of bar-hopping. Movies were bought at the mall for $3 and watching a movie in the room, drinking a beer, and having a pizza was cheap entertainment.

Once I retire in Thailand, I will buy a house, so the hotel bill is gone. My soon-to-be wife will be able to cook for us in the house and we won’t go out for meals as much. We will still go out, but it won’t be every night.

Even if you don’t own a house, getting a monthly rental in a city away from the touristy areas will still be cheap. Getting by on less than $20 a day is easy unless you are out in the bars and clubs every night.

I recommend that you visit Thailand and see what this beautiful country has to offer and see if it is the right place for you to retire.

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