How Good a Deal Is Your Bank's Mortgage Insurance Plan?

Written by Ivon T. Hughes


Continued from page 1

The other big difference is cost. A third party insurance policy's premiums will not go up, so you would payrepparttar same premium today that you'd pay ten years from now. You won't get that same guarantee from a bank which can and probably will increase your premiums duringrepparttar 112352 life ofrepparttar 112353 policy. In most cases, you'll probably pay more through a bank anyway. In fact, you could pay as much as 40% more than you would if you shopped around and found your own insurance provider. Not to mention thatrepparttar 112354 policy you take out through your bank will gradually decrease in value while a plan you select from an outside source will be worthrepparttar 112355 same amount duringrepparttar 112356 entire policy period.

Of course, many people don't mind paying more for their mortgage insurance because it's more convenient than dealing with insurance agents. The truth is that you can easily find a policy that fits your needs and provides affordable premiums viarepparttar 112357 Internet. An organization, such asrepparttar 112358 Hughes Trustco Group, can even generate quotes for you from multiple insurance providers so you'll know that you're receivingrepparttar 112359 best deal possible onrepparttar 112360 policy you want.

The bottom line is that mortgage insurance is important and should be part of your home buying or refinancing preparations, but that does not mean you need to pay more or letrepparttar 112361 bank make important decisions for you. Instead, you should find your own personal plan from a third party provider which will let you stay in control of your policy and will save you money inrepparttar 112362 long run.



Ivon T. Hughes, The Hughes Trustco Group Ltd. Canadian Insurance Broker - Get a FREE Quote TODAY! Tel: (514)842-9001 Email: info@trustco.ca Web: http://www.trustco.ca



How To Avoid Credit Card Abuse

Written by
Copyright: John Vink



Continued from page 1

The second shortcoming regarding using credit cards, comes fromrepparttar additional costs or expenses of using credit cards, ifrepparttar 112351 full monthly outstanding balance is not paid byrepparttar 112352 due date. This is due torepparttar 112353 interest charge, orrepparttar 112354 cost of borrowing money. Generally, credit cards carry a higher interest rate, in comparison to say a line of credit at your local bank (bear in mind that there are low interest credit cards available). If you do not pay offrepparttar 112355 full outstanding balance byrepparttar 112356 due date, you will find that you will have an interest charge added to your account, generally calculated onrepparttar 112357 full amount ofrepparttar 112358 original outstanding balance.

Yes, that’s right, generallyrepparttar 112359 interest charge on credit card bills is not forrepparttar 112360 difference between what you have paid and what you still owe, but rather onrepparttar 112361 full amount. For example, say your outstanding balance to be paid by your due date is $1,000 and you pay $999 byrepparttar 112362 due date, you will actually incur interest charges onrepparttar 112363 full $1,000 and notrepparttar 112364 $1 still owing.

If a credit card user has difficulty in paying their credit card debt,repparttar 112365 addition ofrepparttar 112366 monthly interest charge onrepparttar 112367 full outstanding balance will make paying offrepparttar 112368 credit card debt even more difficult.

If you pay off your credit card balance in full byrepparttar 112369 due date each month, you can avoid additional expenses (interest charges) that might contribute to financial difficulties regarding bebt repayment. By paying off your credit card balance in full byrepparttar 112370 monthly due date, you may also improve your credit rating.

To avoid credit card abuse, remember to try to follow these two important tips:

  • Don’t make more purchases on your credit cards, than you are able to pay off in a reasonable time.
  • Pay offrepparttar 112371 entire credit card balance each month, beforerepparttar 112372 due date.

For more credit card information and online credit card applications, please visit www.lots-of-credit-cards.com.



John Vink edits and manages a number of web sites, including 2 financial related web sites:




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