Why do you need an IBC?

Written by Peter Flowers

Virtually anyone with a net worth can benefit fromrepparttar use of an IBC. Imagine operating your business and personal affairs with 100% confidentiality, with no restrictions on your business or tax penalties on your profits in your chosen jurisdiction. Imagine operating withoutrepparttar 149339 constant fear of law suits or creditors waiting inrepparttar 149340 wings to attack your hard earned profits.

Currently banks automatically report to government agencies onrepparttar 149341 activities of their clients, including you. What's worse, your hard earned savings can now be legally garnished from your bank account by government agencies and creditors who may

believe they have a claim against you. In fact, you stand a 1 in 4 chance of being sued if your net worth exceeds $100,000.

Not a lot of money!

Listed below are some ofrepparttar 149342 benefits of having an IBC:

  • Offshore banking - Hold offshore bank accounts in an IBC name and bank in complete privacy while utilizing tax-free jurisdictions.
  • Hold assets confidentially - Protect what you own. Withrepparttar 149343 ever-increasing chances of litigation being brought against you and your business, don't take any chances; use an IBC to shield your assets. IBC's can protect you from product liability, malpractice suits if you are inrepparttar 149344 medical field, creditors and even divorce proceedings.
  • Hold titles to properties and other physical assets - IBC's can be used to hold real estate, valuable collections, precious metals, and shares of any offshore company of your choice.
  • Preparing for retirement - Take steps to protect your assets for retirement. Place assets into an IBC where no tax is applicable. Make sure your loved ones will gainrepparttar 149345 full benefit of your estate without large death duties consuming their inheritance.

Option One Mortgage Loans Getting An Option Arm Or Option One Mortgage Loan

Written by Carrie Reeder

Have you heard about or been interested in finding out more about option one mortgage loans? They are becoming very popular, but its important to understand how they work before you apply for one. I will describe, in this article, an overview ofrepparttar most common type of option ARM mortgage loan or option one mortgage loan.

How do they work? Option one mortgage loans are basically interest only mortgage loans, except thatrepparttar 149293 first year, you pay only 1.25% ofrepparttar 149294 interest onrepparttar 149295 loan. The remainder ofrepparttar 149296 interest that is accruing is being added torepparttar 149297 loan amount. The second year ofrepparttar 149298 loan you pay more interest until gradually you are paying either full interest only payments or fully amortized payments (interest & principle). The reasonrepparttar 149299 loans are called option loans is because every time you have a payment due, you haverepparttar 149300 option of payingrepparttar 149301 less than interest only portion, interest only or a fully amortized payment. This option would be good in a situation where your income is sporadic.

This mortgage loan type typically gives you 4 payment options in every bill.

Here are your typical monthly payment options:

Option #1 Pay a 15-Year fully amortized payment amount (p&i)

Option #2 Pay a 30-Year fully amortized payment amount (p&i)

Option #3 Payrepparttar 149302 interest-only portion ofrepparttar 149303 loan (Interest Only)

Option #4 Make a partial interest payment (1.25% - 1.95% depending on your loan type) and defer payingrepparttar 149304 additional interest torepparttar 149305 total loan amount. (Deferred interest can be counteracted by making bi-monthly payments and by property appreciation)

This type of loan is good if you want to:

Wait a while to refinance again If interest rates drop again, so does your payment. If you want to accelerate your payments and increase equity quick, pay more on your loan and it will be applied to future payments & will be directly applied torepparttar 149306 principle balance. Will you want a 30-year loan? Keeprepparttar 149307 option to pay your loan as a 30-year, 15-year, or interest only payments.

Cont'd on page 2 ==>
ImproveHomeLife.com © 2005
Terms of Use