To Refinance...or Not, That Is The Question??? Written by Hilda Schultze
What does it mean to refinance? Why would someone want to refinance? There are many cases when a person would refinance. When we use term refinance, we are typically referring to a loan such as a car or house loan. It may also be a business loan. For purpose of this article, we are going to discuss home loan but most of same rules of refinancing apply to other types of loans as well. Refinancing your home can be defined as process of applying for a new mortgage, and using money you receive to close out your older mortgage. Many homeowners already take full advantage of this, because they are sometimes able to find a mortgage loan at a better interest rate. With help of this, they can pay off their mortgage much sooner, and ultimately have a lower amount to pay back. Because a refinance plan essentially amounts to taking out a new mortgage and closing out former mortgage, steps involved resemble those involved in taking out your original mortgage. It is important to bear in mind therefore that process will likely involve at least some of same expenses, because of this. But considering vast amount of money that refinancing can save you, homeowners find that it is often well worth trouble. Some people may even choose to save up a certain amount
| | Group Term Life Insurance and the Options Available Written by Brad Triggs
Group term life insurance is more affordable than individual life insurance policies because costs to insurer are lower. They have less paperwork to handle, and are guaranteed multiple accounts from one sale - which is their incentive for offering this type of policy.A group term life insurance policy offers life insurance coverage to all employees of a particular organization, or to any other group of people that apply for it. It covers unexpected death of an employee, and group term life insurance benefits are usually calculated based on employee’s lost income wages. Offering group term life insurance is much more affordable for a company than offering individual life insurance policies for each employee. Considering how important it is to offer competitive benefits in order to attract best employees, group term life insurance is a great option for both employer and employee alike. Many group term life insurance plans can also be converted into individual policies if an employee leaves company, which is an attractive flexibility option. Insurance premiums are even tax-deductible, which makes group term life insurance even more attractive to any employer.
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