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What Are The Advantages Of Housing Finance?

Opting for housing finance to buy your dream home has been known to be the best and fastest way, for the longest time now. However, most home loan borrowers are not aware of several other benefits of this facility in India. For starters, home loans provide a considerable amount of income tax exemption. Though the rules for IT exemption could vary each year, paying your EMIs would save you a major chunk of your income tax payments.

Housing finance in India has been made easy these days with simple step-by-step instructions available online. These directives allow customers to check their own house loan eligibility, to understand and complete the loan process efficiently, and to make easy and quick repayments through the online medium.

There are several professionals and businessmen around, who could advance their income considerably, these days. Housing loan companies in India understand that and provide accelerated repayment options that allows such professionals, businessmen and many others, to repay their loan quickly and minimize the amount of interest that needs to be paid over the period of 20 to 30 years.

This further enables home loan customers to pay their loan and interest much faster while also improving their credit status alongside. Most housing finance companies offer several customized options such as accelerated repayment, variable repayment and balloon repayment schemes, which prove to be extremely beneficial to professionals like doctors, CAs, lawyers, etc., who enjoy a considerable surge in their income over the years. These schemes also benefit businessmen, who earn sizeable profits after they break even in their businesses.

Though every borrower may not see it in this way, a strategically bought property would see considerable amount of capital gain over the years. A smart investor could buy a home with the help of a housing finance company and sell it later with a substantial amount of profit. One of the self made millionaires in America, Robert Kiyosaki, has referred to this kind of investment strategy in one of his famous books – Rich Dad Poor Dad.

Last but not the least, a home loan is the best way to convert your rent into your EMI and enjoy the privilege of owning a property. Most of us pay a considerable amount in the form of rent each month that doesn’t even add any value to the net worth. However, if you take a home loan, you can make repayments of a similar amount and own a property that is yours to live in, rent out or sell.

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More Older Americans at Risk of Foreclosure

While reports emerge about the nation’s improving housing market, the effects of the ongoing foreclosure crisis still affects millions of Americans, especially the elderly. The American Association of Retired Persons (AARP) recently reported that nearly than 600,000 people age 50 and older are facing foreclosure, and an estimated 625,000 are at least 90 days delinquent on their mortgage payments. At the end of 2011, nearly three percent of loans held by older Americans had been foreclosed; eight times the number of foreclosures affecting older homeowners in 2007 (the year before the crisis).

The report also highlighted an even bigger problem for older homeowners: the vanishing equity in their homes. 3.5 million older homeowners are now “underwater” in their mortgages; meaning that they now owe more on their mortgage than the property is worth. This dilemma prevents many from downsizing or creating additional retirement income from selling their home for a profit.

The problem is compounded when these homeowners (many of whom live on fixed incomes) fall behind on payments or have little savings. According to a report by the Federal Reserve, just over half (51 percent) of families headed by people aged 64-74 had no retirement savings. Among families headed by a person aged 75 or older, two-thirds had no such savings.

For those forced back into the workforce, the situation is not promising. Older Americans have fewer working years left to build back what they may have lost, and do not have the same earning power as they once did. With few options to increase income and pay down debt, older homeowners often succumb to foreclosure.

These issues exemplify the need for elderly homeowners to understand how foreclosures work, and the various options available to prevent them from losing their homes. For example, a Chapter 13 bankruptcy may be an option in order to save a home. The automatic stay imposed through a bankruptcy filing buys a debtor more time to establish a repayment plan. No collection efforts may take place while the stay is in effect. As such, foreclosure proceedings are halted as long as a foreclosure sale has not taken place.

A bankruptcy can also reduce (or eliminate) other troubling debts, such as high interest credit cards and medical bills, making it easier to afford the mortgage. Moreover, bankruptcy allows a debtor may keep assets accumulated through a retirement plan (instead of sacrificing them in an attempt to pay down bills) and remain in possession of the home while following a court-approved payment plan.

Troubled homeowners also have the option of seeking a mortgage modification, which would lower payments to match the current value of the property and the homeowner’s income.

If you are facing foreclosure, it is important to understand all of your legal options, even before considering bankruptcy. Contact an experienced attorney to learn more.

Article provided by Law Office of Robert Braverman, LLC
Visit us at www.bravermanlaw.com

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Glucosense: A very vital supplement in our life

Glucosense is one of important, powerful and healthy natural supplement that can be packed and supplied with full ingredients’ to help for proper health metabolism of glucose in the blood. It is known for controlling the blood sugar level in our bodies. Some of us they really wonder how do blood sugar level needs to be regulated and what really can cause him fluctuation. Blood sugar control is one of the important things in our bodies as it can develop the future problems that are related to diabetes. In this case we take glucisense as a healthy supplement that can assist us to live with diabetes I and Diabetes II.

It is made possible by the ingredients which are contained in the supplement which play different vital roles to keep the glucose level in the blood regulated in our blood. Glucosense contains several ingredient that make it possible to supplement multiple rules. This gradients works in a different way with each other but them all come to the same goal. These ingredients have a positive effect on the blood flow to the peripheral nerves. It is also an active stimulant for the regeneration of nerve fibers in the body. Therefore it is popular in the treatment of diabetes Type I and Type II as they are known to damage nerves system. A good example is Chromium which is responsible for the maintenances of healthy blood level. It also known for absorption as well as support of insulin In this case it will offer regulations of glucose level in blood for a long period of time.

This mean that this product can be used regularly since it has been made from natural ingredients which has no effects . It can be purchased from vitasave.ca, which sales its products as affordable price. So you can get one or even you direct someone to buy these products with exclusive deal.

Some benefits of glucosense are:

· Support healthy glucose metabolism

· Metabolizes carbohydrates, fats and proteins.

You can Glucosense from vitasave.ca, which is one of the most dominating natural supplements site online in Canada and has been selling high quality, natural supplements for a long time and you will have free shipping.

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