What is a Current Account Mortgage?Written by John Mussi
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Current account mortgages work by turning your mortgage into a large overdraft. They allow you to set off all savings you have against all debts you that owe. You combine all your debts with all of your income in a single current account. So every time your salary is paid in, you reduce amount of 'overdraft'. Every time you take money out, overdraft increases. This means you can overpay and underpay without being penalised for it. The more savings and income you have in your account, less interest you will pay overall. Since interest is calculated on a daily basis, you will immediately benefit from any overpayments you make. At any time you can borrow back some or all of money you have managed to overpay on your mortgage. These mortgages are ideal for those who are paid regular bonuses so consequently can reduce mortgage balance quickly. The good thing about current account mortgages is that interest charges on all your borrowings are at a cheaper, variable rate for mortgages instead of more common credit card rates. To compensate for this, rates on current account mortgages, tend to be slightly higher than standard mortgages. You may freely reprint this article provided author's biography remains intact:
John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.
| | Press Releases Scams and Successes: Reading Between the LinesWritten by Chad Pington
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Another potentially windfall-esque discovery amongst Press Releases is being on front end of those to discover a release indicating that a firm which had previously been slated to file for bankruptcy has reached an agreement with creditors to continue. The proposition of bankruptcy is a very real threat for some Penny Stocks, and as a consequence typically price of such stocks is trading at only about a cent because if firm goes under shareholders lose their entire stake. If a company is able to avoid bankruptcy price will typically multiply many, many times over offering early investors opportunity to multiply their money 10 or 20 times over in less than a day. (Not bad for a day’s work, eh) The key to understanding press releases is ability to simultaneously act upon two contradictory thoughts. Remember that Penny Stock market, because it is less institutionalized, is often more about predicting emotional and erratic behavior of your fellow investor rather than simply making next rational and logical decision based on numbers. In this sense, it is important when reading a Press Release to consider how your fellow investor will interpret information initially, for this will come to formulate much of initial direction and drive of stock. But it is also vital to consider Press Release more meticulously. If you find that company appears to be leaving important information out, seems to be muddling numbers and percentages, or uses any of catchphrases for standard scams, avoid stock altogether. Even if your’ fellow investors initially drive up price of stock and you believe you could have been at crest of that rising wave, you cannot be sure when scam will hit. You can have no idea whether inside investors are planning to dump their stock at 50% 100% or even 200%. And though you may be able to earn a profit once or twice, by playing game to can ensure that after a time you will guess wrong, sell out too late, and be stuck holding thousands of shares worth less than paper they are written on.
Chad Pington writes about many different financial topics, but he is most interested in writing about Penny Stocks.
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