The Supremacy of the Platinum Credit Cards

By Gray Rollins

Platinum credit cards offer more benefits and purchasing power than the Gold or Standard credit cards. The status associated with Platinum credit cards is one of the reasons people prefer this card. In today's society where image is so important, possessing a platinum credit card says you are a successful person. This card is for those with a high income and excellent credit rating.

Among the platinum credit cards in the circulation, the American Express Platinum card is simply the best card of all with worldwide acceptance. It offers the greatest benefits a credit card can serve. If your credit score or credit history is good enough, you can even reach the credit limit of up to $100,000. This card may seem to be high in value, but you will eventually earn in return this value because, as long as you maintain a good credit score, you can earn 1.5 reward points for each of your purchases.

MasterCard Platinum credit card is another card that is accepted worldwide and offers reasonable interest rates for purchases. The MasterCard credit card company only requires prompt payments to maintain the reasonable percentage rate.

This platinum credit card is perfect for individual who are earning high income to afford the monthly payment of the balance due each month. Paying only the minimum of the outstanding balance of failure to pay on time will cause the interest rate to go up to 35%.

The Discover More Platinum credit card is another card that offers convenience through its high spending limits, zero annual fees, attractive introductory APR for purchases and balance transfers for 12 months, and some more rebates on purchases and cash back bonuses. Credit history and details can be accessed through online account access.

Platinum card suits people with high income and financial capacity. Individuals who are qualified to avail credit cards would prefer the Platinum credit cards rather than the silver or gold credit cards. This is because Platinum credit cards can provide many services such as concierge services, travel services, and other important and essential VIP services as demanded by the professional cardholders.

Platinum credit cards are available for businesses. They have several options that are standard with the card so you can save money when shopping for your business as well. The membership rewards are similar to the regular credit card for personal use. There are companies that are affiliated with the credit card company so you can save from 3 to 25% on purchases you make with these companies. Some of the platinum credit cards for business offer a 0% APR for the first year and there are some with no annual fee.

Platinum credit shopping cards are also available in any credit card company. This card is not like the regular credit card that can be used for any type of services; this is just meant for shopping. Purchases made through this card will also be reported and posted in your credit history and payments made will also be reflected to the credit score.

About the Author:

All Platinum Cards are not created equal. In fact, some are just downright lowsy. Get the finest Platinum Card available by applying for the American Express Platinum Card today and you'll receive 25,000 points to get started.

Taking Home Mortgage Loans

By John Bear

If you are looking to refinance your current mortgage, there are several options available for you. Homeowners refinance their mortgage for many reasons and these include eliminating private mortgage insurance, receiving cash out at closing, obtaining a fixed rate, and so forth.

Refinancing a home loan involves getting a new mortgage and thus, you are required to present the mortgage company with various documentations. However, if you prefer privacy, there are also ways to obtain a loan with minimal documents.

Like taking a no document refinance loan, for example. This type of loan wouldn't reveal or require you to state detailed information regarding your finances. But in order to obtain this loan, you must have a good credit report. Unfortunately, not all lenders are equal. There are lenders who grant refinance with little or no documentations, but there are also those hard-to-please lenders who wouldn't just go for that idea. Now, in order to attain a no doc loan, you will have to provide your social security number and loan amount. Then the lender will just check your credit scores to see if you are qualified. Basically, all you need is a very high credit score.

Now, if you think low document home mortgage loans are quite the same as no document loans, you're wrong. Low document loans require the applicant to supply recent paycheck stubs or income tax returns for the past two years. The income and employment history of the applicant have to be stated as well. These types of loan programs suit the self-employed or contract workers well and those individuals who receive cash payments.

No document refinance loans, on the other hand, are much preferred by individuals who simply want to maintain their privacy. There are just some people who are not willing to just give out detailed information on their employment, income, and finances.

While lenders are not always thrilled to approve loans with little or no documentation, they reason that an applicant with a very good credit history is less likely to tarnish their perfect record. Thus, they are ideal candidates for a no doc loan.

When you do opt for a no doc or low doc home mortgage loans, just be prepared to pay a higher interest rate on your home loan. Of course, a higher interest rate may be well worth it if it means getting some privacy and faster processing.

But do take note that if your reason for refinancing your home mortgage loans is to get a lower rate, then a no doc would not be the best deal. To be safe, get a quote from a lender and have the no doc refinance rate compared with your current interest rate before refinancing.

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Equity Concerns Answered Concerning the Reverse Mortgage

By Almado Vanrock

One of the biggest questions I get from my prospective reverse mortgage customers centers around what happens to the home and more importantly the homes equity after death.

Borrowers getting reverse mortgages can expect their lender to allow them to pull cash out of the equity of the home equal to 50% to 75% of the formal valuation of the house.

Where the lender makes money is on the accumulation of interest on top of the money which is loaned to the borrower. When the home is sold, many times at death of the borrower, the bank is repaid.

Reverse mortgage lenders use a calculation, based upon value, age, and interest rates to determine the amount to lend. This calculation creates a recognized safe position for banks.

Based upon the calculation their bets are relatively covered and the vast majority of borrowers will have equity at their passing or when the home is sold, whichever comes sooner.

If the borrower dies the home is passed along to the estate for liquidation to pay the mortgage company back. The mortgage company allows roughly 12 months for a sale.

Remember, a reverse mortgage lender makes money while the home is accumulating interest. It doesnt want to take the home back. So, as long as the heirs abide by FHA guidelines while selling the home, the lender will offer extensions.

It will eventually sell. When the home sells the bank is repaid the original principal amount loaned plus accumulated interest over the years. That is all the bank is entitled to receive.

If any equity is left over the heirs get it as outlined in the will. It is a common misconception that the reverse mortgage lender is entitled to any of the remaining equity.

Every so often more will be owed than the home is actually worth. In this event the heirs are in a safe zone.

The HECM or reverse mortgage is a non-recourse mortgage. This means the most the bank is entitled to receive is the sale price of the home minus closing costs. If more is owed, too bad for the bank.

Regardless of some of the mythology reverse mortgages are fairly safe for the borrower and estate.

About the Author:

Get the low down in an excellent guide to California reverse mortgage here. Many questions answered regarding the reverse mortgage of California EDU site.

Practical Guide On Debt Consolidation

By Don Pedro

A huge load of debt hanging over the head can make life difficult as it affects the normal day to day life, the performance of a person even it can affect badly on the mental and physiological health. There are many who find themselves in a crisis due to debt and find no way out of it. But it can be managed with a well planned approach.

People suffer from debt due to varieties of reasons. Most of the times people find themselves in debt due to the high interest rates. And then, another big reason for debt s using multiple credit cards and at the same time spending too much with shop until you drop mentality. Debt can take away the joy from life; however the situation can be improved by consolidating debt.

A solution to the debt crisis can be debt consolidation, where one consults the debt consolidation professionals and together they make plans to rid the sufferer of debts step by step. A credit card debt consolidation means the debts from multiple credit cards are transferred to one credit card which makes debt management easier.

Along with a debt consolidation plan you will also need a debt reduction plan. The debt reduction programs are lead by professionals who will then act as an intermediating between you and the creditors. You won't need to pay different creditors every month.

A proper debt consolidation program can rid you of significant amount of burdens you are carrying n the shoulders. Debt consolidation allows paying only one single creditor in stead of paying different creditors each month.

Those who have more than one credit card and have dues in them, its extremely difficult for them to keep a track about the debts and the amount that is to be paid for the debts in all those cards. A credit card consolidation allows them to take care of all the debts by just managing only one credit card.

And if someone needs consultancy on how the credit card consolidation works or want to make a plan with the professionals to finally get rid of the increasing debts he/ she can now browse the internet and ask for a consolidation loan from the companies online.

Debt consolidation agencies have their website posted n the internet as well. You can simply go through their site and if you feel it would be helpful for you to consolidate your debts, contact them for assistance.

About the Author:

Don Pedro offers insightful information about Business Debt Debt Consolidation Online , or Debt Consolidation Loans Alachua County on the site at http://www.debtconsolidationclass.com

Deflationary Times - Cool Personal Checks

By Carol Zulof

People are often confused about the economic conditions they find themselves. Everything has a cool check about label, and the extremes are that either we are living in inflationary times or a period of deflation.

Deflationary times means it costs less to buy goods and services. The purchasing power of the dollar increases and is able to buy more.

Opposite of inflation is deflation and with deflation, most assets decline in value. You see the level of value of your home decline in value as well as gasoline. Corporate equities, mutual fund shares, insurances and pension reserves and equity in non corporate business decline.

The value of the U.S. dollar goes up in a deflationary environment. Quite the opposite of an inflationary environment.

Along with deflation, the buck value goes up. Its value goes up against foreign currencies. The buck buys more.

Review the level of value of your personal purchases. Are you getting more for you money? Is gas costing less, can you buy more home than you used to, are you getting better deals in the stores? Dollar credit is drying up and the value of the dollar is going up across the world.

If you see your dollar buying more, it means the guage of value of the dollar is increasing. The United States Dollar increases against foreign currencies as a market basket of value and it also buys more goods and services as a whole abroad.

The coolest, cool personal checks for the safest place to have you money in deflationary times in Treasury bills. The least ugly investment worldwide is U.S. currency.

About the Author:

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Mortgage Refinance Loans Guide

By John Bear

If you are already in the process of refinancing your home mortgage loan, choosing the right type of mortgage for your situation could save you thousands of dollars. There are two types of mortgage loans to choose from when refinancing depending on your financial needs and tolerance for risk. Here are several tips to help you select the right type for mortgage when refinancing your home loan.

As stated, mortgage refinance loans come in two types: loans with fixed interest rates and loans with adjustable interest rates. Fixed rate mortgages have ten to fifty years of term lengths and will have payments based on an interest rate that will not change for the duration of the loan.

Adjustable rate mortgages, on the other hand, are specifically based on a financial index and that will include the mortgage lenders margin. Hybrid loans is another type of mortgage that are a combination of fixed rate and adjustable rate mortgages.

The interest rate on your Adjustable Rate Mortgage will only change every time the lender resets your loan. When the lender resets your interest rate and payment amount, they will then use the financial index your loan is tied to plus their own margin. The most common index that is used by mortgage lenders is the one-year treasury note. Adjustable Rate Mortgages have the advantage of lower initial payments, but these loans have more risk for borrowers once the lender begins adjusting the loan.

Homeowners who know the risks with adjustable rate mortgage refinance loans will surely be able to save thousands of dollars when refinancing. So better not write off adjustable rate mortgages just because someone just told you that you'll have payment shock when the lender starts adjusting your loan.

Now, there are several advantages to accepting an adjustable mortgage. As a start, a low rate mortgage will allow buyers to purchase pricier home even while maintaining an affordable monthly payment. And because of the record of low rates, home buyers who obtain an adjustable rate mortgage may enjoy falling rates without even having to refinance their mortgage. Thus, they can avoid the closing costs and other fees.

Adjustable rate mortgages would definitely suit individuals who plan on moving in a few years. Some individuals do enjoy the stability of living in a place for many years. So in this case, fixed rate refinancing would be the best choice, but if somehow you prefer the flexibility of moving every three to five years, then you can save some money with an adjustable rate.

Home mortgage loans can be refinanced whenever you like, and in fact, some lenders suggest that the loan be allowed to mature for at least 12 months. But if you detect a change in the market trends, having to refinance shortly after purchasing your home is a smart move. Contemplating refinancing, you must then be prepared to pay additional closing fees. For more ideas, contact your current lender and inquire of prepayment penalties on your mortgage refinance loans.

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How to Decide Between Low Interest and High APR Credit Cards

By Caden Flynn

Many people only consider low interest credit cards when looking to signup for a new card. One reason for this is that the credit card suppliers advertise these low interest cards more than other types of cards. However, shouldn't you consider other types of cards when looking for a new credit card? It is true that for some people, interest rate should be the most important factor in credit card selection. While low interest cards are a viable option to consider, there are also other factors to consider.

First, you need to understand what an APR (annual percentage rate) is, and why it is important in selecting a card. APR is the interest rate, which is used to determine the interest on your credit card balance. If you make the full payment of your credit card bill, no interest will be charged. However, if you only make a partial payment, the balance will incur interest until it is paid off.

Because of this, if you are not sure if you will be able to pay the full bill every month, you should look into low interest credit cards. The low interest rate can help reduce your total amount due by reducing the interest you will pay on your card's balance. Low interest cards will slow the rate at which your credit card debt builds up, making it easier for you to pay it off faster. As a result, low interest credit cards can be a viable choice for many people.

However, there is another group of people who don't really need a low interest rate. If you are capable of paying off your credit card bill in full, and intend to do so every month, then you will not incur interest at all, so the interest rate is irrelevant. For this group of people, credit cards are mainly used for convenience and other benefits. The interest rate should not be an important factor in selecting a credit card.

Thus, the need for a low interest rate or knowledge on apr rates are more felt by a particular group of people. However, even if you are searching for a low interest credit card, there are other benefits to consider. You should compare the various cards side by side to choose the one that is right for you. Nobody should choose a card based only on the interest rate.

First, you need to evaluate whether you will be able to pay off the balance on your card each month. This will determine how much the interest rate should be a factor in your decision. Then, you should compare the various card options, in order to find the one which will best fulfill your needs. After all, choosing a new card is not a frequent task, so it should be done well.

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Personalized Check Designs

By Mary Stewart

People are starting to realize that the internet affords more comparative choices for choosing check designs. The huge choices at one?s fingertips offers more variety by allowing the purchaser opportunity to buy direct from the large check printers. These established printing companies in turn pass back a large price break.

There?s a wide diversity of choice when it comes to categories available when choosing a particular check design. American wonders, sports checks, ethnic, flowers and nature, seasonal, transportation themed, animals and wildlife, religious and joyful heart themed plus a boatload of other choices

There are even more choices from temple themes, roller coasters, castles, buildings, educational, watercolors, plain checks, geometric patterns, cartoon designs and career motifs. The list explores an exhaustive and diverse scope of artistic check designs that have a category of interest to fit almost anyone.

Helping the environment by get green is fast becoming a conscious choice for shoppers. Using recycled checks or using 100% soy-based inks are an earth friendly alternative. Many check manufacturers have a heart not only giving you great value in your personal check design selection but also environmentally friendly affirmation.

For many of the specialty check printer manufacturers, all check designs are printed with soy-based ink on recycled 24lb. MICR bond paper. As a check travels through the check clearing system, it passes through machines called reader/sorters that sends a magnetic charge to the check which allows it to read the information contained within the MICR line very quickly. The Federal Reserve and all banks require that checks be printed with MICR toner for ease of processing and soy-based ink is often the friendly choice. Now that's a plus for the environment.

Scientific research conducted by Erhan and Bagby found that the pigment cartier in 100-percent soy ink degrades almost twice as completely as ink made from soy oil. Even better four-fold results were obtained when compared to standard petroleum inks.

Recoverable materials through recycling centers are used to produce equal quality virgin fiber. Grass roots labor forces as well as small businesses contribute to the overall effort resulting in quality and price justifiability for print check manufacturing using these alternative resources.

When you purchase online directly from the printer they provide one with original check designs and usually have other complimentary products such as address labels, contact cards and checkbook covers at considerable savings. 50% is the typical savings and fast shipping is available.

About the Author:

When you buy check designs online direct from the check printer they not only create a professional check but also address labels, contact cards and checkbook covers featuring beautiful unique designs but bill you about 50% less. http://checkdesigns.us

Personal Finance Planning: Save It All In The Bank

By Jenni Snook

It is true, that by changing habits, being frugal and using personal finance planning, one can reduce their costs by quite a wide margin. At the same time, your bank balance must also grow. Saving money seems to be very difficult for many people. They either lack the discipline or simply don't realize where their money is going. Throughout this article, you will find some helpful tips to assist you in improving your bank balance and this way, enjoy a sense of security in case anything happens.

Many of us, when we get paid, we have our salaries already spent. What tends to occur is that people spend too much the previous week, especially when they buy something they just couldn't live without.

A great money saving tip is to take a small, comfortable amount of money out of your account and set it aside somewhere out off site. Don't forget where you are keeping this stored away, as you may need to access it at some point in time, but by keeping it stored away from you, it's doesn't stay on your mind.

If this tip is to work well, then you should only take tiny amounts of money. It wouldn't be logical to take more than you should, given that you will spend it at some point in the future. You may not realize it, but even putting away 10 dollars a week, adds up to 520 dollars over a whole year.

Another great idea would be to find out where you can find savings accounts that offer relatively high interest rates. Many banks have these and pay up to 12% interest. Nevertheless, it's important that you completely comprehend the terms and conditions that associated with such an account.

To get the high interest, you usually have to leave the money in the account for a minimum period of time, sometimes 1-2 years. It is essential that you use money that you know you can afford to part with for this duration.

In addition, you may be obliged to put minimum deposits on a monthly basis in your account to qualify for the high interest rate. It's critical that you are well aware of all terms and conditions, otherwise, this tip risks backfiring against you.

It's possible that you're thinking that saving small amounts here and there will not result in anything. Remember, even tiny amounts will start to add up. Rest assured that if you will commit to following the personal finance planning tips explained in this article, then you will end up with a sizeable improvement in your bank balance.

About the Author:

Jenni Snook is the head author of http://www.HealthyWealthySoul.com, a website focused on providing individuals recommendations and resources on personal finance planning to have both financial and spiritual happiness in their lives.

Day Trading Penny Stocks - Here's How People Make Money

By Sam Lockwood

Penny stocks have been around for a long time - they've been part of American investment strategies since the 19th century. That's where these stocks were named, since the modern penny stock actually costs somewhere between a dime and five dollars, not a penny. Let's have a look at the risks you incur by investing in these stocks, as well as the ways they can help investors profit.

Penny stocks are share offerings to investors made by companies either too new or too small to be listed in major stock exchange listings. There's a big potential for growth for relatively small investments initially, but pump and dump schemes are a real risk in this area. Just like anything else that has to do with the OTC (over-the-counter) market, buyers should remember to beware.

Choosing penny stocks reasonably means that you need to have an independent appraisal of the company's business model. Much like buying shares of any other kind of publicly traded company, it's necessary to understand everything about the company. That means knowing what they do, what they make, what products are offered, how their business model works and who their major competitors are.

One of the things that makes penny stocks so appealing is the fact that most of the businesses offering them are extremely simple. One typical kind of penny stock is a mining company that profits only when the price of the material it extracts goes above a certain level. There are also some oil exploration stocks that are valued in the same way.

Penny stocks are rated as a high risk vehicle by the Securities and Exchange Commission. Some of the risks involved include incomplete or indirect reporting of finances, fraud, and limited liquidity. People playing using a day trading strategy, sudden demand on penny stocks can create wide ranging volatility, which also makes it hard to short sell them.

Penny stocks have significantly less stringent financial reporting guidelines than listings on the national exchanges, and sometimes a stock will even de list for a few days. In the area of investing referred to as the Pink Sheets, penny stocks are known for having almost no requirements for regulation at all. They have no reporting guidelines or minimum accounting standards.

Because there are no generally accepted standards or standardization for penny stocks, they're an area that's extremely vulnerable to fraud and manipulation. People can pose as independent observers, then run up the price of penny stocks. All they have to do then is de list it, leaving buyer with nothing in what's classically called a pump and dump scheme.

That doesn't mean you should be scared away from these kinds of stocks completely. There are plenty of reasonable startup companies, and they need somewhere to start. If you're able to pick a winner out of them, you'll get a significant return.

If you have the ability to spot companies that have promise, your payout will be huge. Even if you lose on most of your stock picks, the single winner will be such a big gain that you'll forget about the ones that didn't work.

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