Need Extra Money? - Refinance or Equity Line of Credit, Which is Right for You?

Written by Ashlee Hovsepian


You may be looking for some extra money to fix uprepparttar house, go on a vacation or buy a new car, and you want to take some equity from your home to do it. To do this you could either refinance your home and take some of your equity or apply for an equity line of credit instead. The question is which one is right for you? There are some things to consider about both options when determining how you should obtainrepparttar 111752 money.

Refinance Your Home

-Are you currently paying a high interest rate and would like to reduce it? -Does your lending company charge closing costs or points to refinance? -Consider that you will be borrowing this money and be paying interest onrepparttar 111753 full borrowed amount forrepparttar 111754 duration of your mortgage -Isrepparttar 111755 interest tax deductible? Speak with your tax advisor.

Equity Line of Credit

-You are only charged interest forrepparttar 111756 money you take out. -You may repayrepparttar 111757 minimum amount or additional monies without penalty. -What arerepparttar 111758 interest rates? Are they lower thenrepparttar 111759 current mortgage rates? -Are there any fees associated with opening an equity line of credit with our financial institution? -Isrepparttar 111760 interest tax deductible? Speak with your tax advisor.

How to Make Trading Profitable?

Written by Joseph Sgro


How to Make Trading Profitable?

If you have read: "10 Simple Rules to Make You Serious Money inrepparttar Sharemarket and Keep it!" you will have read about options.

Here is a free excerpt ofrepparttar 111751 Trading Ebook: (This is a short version)

http://www.southwest.com.au/~tutor/js1dload.html

You don't necessarily want to buy any stock, but you do want to control, by outlaying a little money. Does this sound like something you could get excited about?

Well, if so, welcome to trading options for quick returns or quick losses!

The amount you outlay is only a small part ofrepparttar 111752 purchase price, but you could control a large pile of stock.

Whenrepparttar 111753 asset rises or falls your option will also rise and fall in value. Generally you can expect that options will show greater volatility and it's by trading these ups and downs that you can make superior returns, which make stock investing look foolish.

Some Key Points About Options =========================================================

Option traders use this volatility to make superior profits.

You see you can make money whenrepparttar 111754 value falls by purchasing a "PUT OPTION" and you can capture price rises when you buy a "CALL OPTION".

Now there are many option strategies, but I believe in keeping it simple - that way I understand what I'm doing and you should too!

People who buy stocks, also protect their holdings by using options.

You seerepparttar 111755 idea of using leverage to buy is a very old one. Let's face it we may not want to spendrepparttar 111756 money, but we want to control and options give usrepparttar 111757 opportunity to do so.

Options can do 2 simple things:

*they give you "the right to buy"

and

*they give you "the right to sell",

at a future time and at a future price.

You are not obligated to buy or sell, butrepparttar 111758 life of your option is diminishing fromrepparttar 111759 moment you enterrepparttar 111760 contract. Soonrepparttar 111761 option will expire worthless. So you must trade it!

When we are ready, we either exercise our option, we sellrepparttar 111762 option and make trading profits - or we cancel our obligation, if we are option writers.

We can also cancel our obligation if we have written a "PUT" by buying it back. Likewise if we write a "CALL" we can buy it back and cancel our obligation to sell stock.

I've discovered a home study course you should take a look at if you are interested in usingrepparttar 111763 power of leverage.

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