Loan Insurance – 4 Walls And A View http://4wallsandaview.com/ Sat, 15 Jan 2022 15:19:48 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://4wallsandaview.com/wp-content/uploads/2021/06/icon-5.png Loan Insurance – 4 Walls And A View http://4wallsandaview.com/ 32 32 Mortgage rates today, January 15 and rate predictions for next week https://4wallsandaview.com/mortgage-rates-today-january-15-and-rate-predictions-for-next-week/ Sat, 15 Jan 2022 15:19:48 +0000 https://4wallsandaview.com/mortgage-rates-today-january-15-and-rate-predictions-for-next-week/ Today’s Mortgage and Refinance Rates Average mortgage rates rose significantly yesterday. The terrible start to 2022 continued, despite some worthwhile falls. And those rates are back to their highest level in two years. There could be some relief on Monday morning, thanks to some friendly moves in the markets yesterday that came too late for […]]]>

Today’s Mortgage and Refinance Rates

Average mortgage rates rose significantly yesterday. The terrible start to 2022 continued, despite some worthwhile falls. And those rates are back to their highest level in two years.

There could be some relief on Monday morning, thanks to some friendly moves in the markets yesterday that came too late for lenders to adjust their rates. But I predict that mortgage rates could rise next week. Of course, the future is never certain.

Find and lock in a low rate (January 15, 2022)

Current mortgage and refinance rates

Program Mortgage rate APR* Change
30-year fixed conventional 3.733% 3.755% +0.09%
15-year fixed conventional 3.069% 3.107% +0.07%
20-year fixed conventional 3.477% 3.516% +0.12%
10-year fixed conventional 3.01% 3.083% +0.07%
30-year fixed FHA 3.786% 4.56% +0.02%
15-year fixed FHA 3.078% 3.729% +0.04%
5/1 ARM FHA 3.574% 3.868% +0.02%
30-year fixed PV 3.65% 3.848% +0.13%
15-year fixed VA 3.229% 3.57% -0.18%
5/1 ARM GO 3.035% 2.832% +0.1%
Pricing is provided by our partner network and may not reflect the market. Your rate may be different. Click here for a personalized quote. See our rate assumptions here.

Find and lock in a low rate (January 15, 2022)


Should you lock in a mortgage rate today?

I would lock in my mortgage rate if I were you. Because I think it’s likely that those rates will continue to climb for some time, probably several months or more.

Of course, I could be wrong. No one can predict the future with certainty. But it seems to me that the forces that are putting upward pressure on rates are powerful and long-lasting. Unless something big happens.

So my personal rate lock recommendations remain:

  • LOCK if closing seven days
  • LOCK if closing 15 days
  • LOCK if closing 30 days
  • LOCK if closing 45 days
  • LOCK if closing 60 days

However, with so much uncertainty right now, your instincts could easily turn out to be as good as mine, or even better. So let your instincts and personal risk tolerance guide you.

What’s Moving Current Mortgage Rates

How come mortgage rates are rising as the Omicron variant wreaks havoc on the US and global economies? Surely they would fall normally.

Well yes. But investors are looking to the future and betting that Omicron will, in a short time, become less prevalent in the United States and will have left high levels of immunity to COVID-19 among the population. Economically, the pain the variant inflicts now will leave the country much stronger.

It is far from an established science. But we can already see that Omicron generally crosses populations very quickly and most people experience mild symptoms, if any. Of course, some, unfortunately, suffer more severely and relatively few die.

What the UK can tell us about Omicron

The UK was one of the first advanced countries to be affected by Omicron. It reported its first two cases on November 27, 2021. And, yesterday, its daily infection count fell to 99,652 from 178,250 seven days earlier.

Certainly, its hospitalization and death rates continue to rise. But that’s because there are inevitable delays between infection, the need for hospitalization and, in relatively rare cases, death.

Of course, the UK and the US are not directly comparable. The proportion of the British population who have had two or more vaccinations is significantly higher than here.

And people in the UK are more densely packed on their fairly small island, meaning viruses are likely to spread faster. America’s population density is 84.2 people per square mile. The UK is 679 people per square mile.

But the UK experience seems to support the hypothesis that Omicron will spread rapidly through populations and then quickly fade away. What we cannot yet be sure of is the level of protection an infection offers against other infections by it, other variants, and especially any new variants that appear.

However, the first signs are encouraging. And investors don’t seem outrageously optimistic betting on the pandemic looking much better in the spring.

Indeed, if all goes well, we could even witness the beginning of the end of the pandemic. And COVID-19 could soon go from a pandemic to an endemic disease, similar to the seasonal flu.

Other Pressures on Mortgage Rates

Meanwhile, the forces trying to drive up mortgage rates remain strong. We can say that inflation is the main one.

Earlier this week we saw the Consumer Price Index hit a record high not seen in 1982. And a Producer Price Index that suggests inflationary pressures are building rather than weakening. That alone should push up mortgage rates.

But, also this week, the Federal Reserve made it clear that it plans to play tough with inflation. That could mean four interest rate hikes this year, each of which would likely impact all variable rate loans.

Some think the Fed is talking big to buy time. But we will have to meet expectations over time.

We already know that the Fed plans to end its program in March that kept mortgage rates artificially low. It did this by buying industrial quantities of mortgage-backed securities (MBS), a type of bond that largely determines these rates.

Now we are faced with the possibility that this program will not only be interrupted, but also reversed. If the Fed starts selling some of these MBS (and its MBS holdings are worth $2.6 trillion) later in the year, mortgage rates could rise significantly.

In the meantime, I expect them to rise fairly slowly. However, there is always the possibility of them falling. It seems unlikely. But an unexpected event of shattering importance could well change things.

Economic reports next week

We have a light week for the economic reports ahead. And none of the ones listed below are likely to cause much movement in the markets unless they include surprisingly good or bad data:

  • Tuesday – National Association of Home Builders (NAHB) Index
  • Wednesday — December building permits and housing starts
  • Thursday — Existing home sales in December. Plus weekly new claims for unemployment insurance through January 15
  • Friday — December leading economic indicators

We could experience a quiet week as far as economic reports are concerned.

Find and lock in a low rate (January 15, 2022)

Mortgage interest rate forecast for next week

Mortgage rates could rise overall next week. We may have passed the worst of the big increases. And there is always the possibility of limited falls.

But I would be surprised if we saw a week-over-week decline. That said, I’m not used to being surprised.

Mortgage and refinance rates generally move in tandem. And the removal of unfavorable market refinancing charges has largely eliminated a gap that had grown between the two.

Meanwhile, another recent regulatory change has likely made mortgages for investment properties and vacation homes more accessible and less expensive.

How your mortgage interest rate is determined

Mortgage and refinance rates are typically determined by prices in a secondary market (similar to stock or bond markets) where mortgage-backed securities are traded.

And it depends heavily on the economy. Thus, mortgage rates tend to be high when things are going well and low when the economy is struggling.

Your part

But you play an important role in determining your own mortgage rate in five ways. And you can affect it significantly by:

  1. Shop around for your best mortgage rate – They vary widely from lender to lender
  2. Boost your credit score – Even a small bump can make a big difference to your rate and payments
  3. Save the biggest down payment possible – Lenders like you to have real skin in this game
  4. Keep your other borrowings small — The lower your other monthly commitments, the higher the mortgage you can afford
  5. Choose your mortgage carefully – Are you better off with a conventional, FHA, VA, USDA, jumbo or other loan?

Time spent getting these ducks in a row can earn you lower rates.

Remember it’s not just a mortgage rate

Be sure to factor in all of your homeownership costs when calculating how much mortgage you can afford. So focus on your “PITI”. It’s your Pprincipal (repays the amount you borrowed), IInterest (the price of the loan), (the property) Jaxes, and (owners) Iassurance. Our mortgage loan calculator can help you.

Depending on your type of mortgage and the amount of your down payment, you may also need to pay for mortgage insurance. And that can easily hit three figures every month.

But there are other potential costs. So you will have to pay homeowners association dues if you choose to live somewhere with an HOA. And, wherever you live, you should expect repair and maintenance costs. There is no owner to call when things go wrong!

Finally, you will have a hard time forgetting closing costs. You can see those reflected in the annual percentage rate (APR) that lenders will quote you. Because it spreads them effectively over the term of your loan, making it higher than your normal mortgage rate.

But you may be able to get help with those closing costs. and your down payment, especially if you are a first-time buyer. Read:

Down payment assistance programs in every state for 2021

Mortgage Rate Methodology

Mortgage reports receive daily rates based on selected criteria from multiple lending partners. We arrive at an average rate and APR for each loan type to display in our chart. Because we average a range of prices, it gives you a better idea of ​​what you might find in the market. In addition, we average the rates for the same loan types. For example, fixed FHA with fixed FHA. The result is a good overview of the daily rates and their development over time.

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State comptroller claims $ 82 million in savings from early repayment of COVID-19 loan https://4wallsandaview.com/state-comptroller-claims-82-million-in-savings-from-early-repayment-of-covid-19-loan/ Fri, 07 Jan 2022 01:17:59 +0000 https://4wallsandaview.com/state-comptroller-claims-82-million-in-savings-from-early-repayment-of-covid-19-loan/ SPRINGFIELD – Taking advantage of larger than expected state revenues, the Office of Illinois Comptroller Susana Mendoza has announced it has made final payment on a $ 2 billion federal loan used to cover expenses related to COVID-19 almost two years in advance. Paying the $ 302 million before the required loan repayment date of […]]]>

SPRINGFIELD – Taking advantage of larger than expected state revenues, the Office of Illinois Comptroller Susana Mendoza has announced it has made final payment on a $ 2 billion federal loan used to cover expenses related to COVID-19 almost two years in advance.

Paying the $ 302 million before the required loan repayment date of December 2023 saves state taxpayers about $ 82 million in interest, the Mendoza office said in a press release on Wednesday.

One of two US Federal Reserve loans to the state for pandemic-related expenses, the $ 2 billion was granted in December 2020. About $ 1.8 billion was used on Medicaid bills. Illinois, and the remaining $ 200 million has been allocated to state employee health insurance. .

The Mendoza office was able to use higher-than-expected state revenues to repay the loan, under a deal announced in May by Gov. JB Pritzker, Mendoza, and Democratic legislative leaders.

As part of this plan, the state comptroller would “use the outperformance of state revenues and effective cash management to repay debt in full in the next fiscal year,” according to a press release. published at the time that promised savings of up to $ 100. million interest charges.

“All invoices that bear interest, we target them first. It’s just about maximizing the revenue generated by paying the right bills first, ”said Abdon Pallasch, spokesperson for Mendoza. “In this case, it was the above-forecast revenues that allowed us to increase our prepayment even more than we had hoped for in May.

Illinois saw an increase of nearly $ 6.8 billion in the General Revenue Fund in the fiscal year that ended last June, according to a report from the Commission on Government Forecasting and Accountability.

This is not the first time Illinois has borrowed from the Federal Reserve’s Municipal Liquidity Facility. The state borrowed $ 1.2 billion in June 2020 to pay for Medicare-related expenses, making a final payment on that loan in June 2021.

On Thursday, the Mendoza office also announced the extension of a program banning the deduction of unpaid fines from income tax refunds for families eligible for the income tax credit. The program, which aims to support low-income families during the pandemic, has been extended for a second year.

“Again this year, financially struggling families are relying on their income tax refunds to pay the bills they deferred because COVID has caused hardship,” Mendoza said in the statement.

Under state law, towns and cities in Illinois can ask the comptroller to withhold unpaid traffic and parking tickets and other fines and court judgments from a taxpayer tax return.

Municipalities can still seek to collect fines through private collection agencies or other means.


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Delhi insurance agent fools Barodian of Rs 12 lakh | Vadodara news https://4wallsandaview.com/delhi-insurance-agent-fools-barodian-of-rs-12-lakh-vadodara-news/ Tue, 04 Jan 2022 23:00:00 +0000 https://4wallsandaview.com/delhi-insurance-agent-fools-barodian-of-rs-12-lakh-vadodara-news/ Vadodara: Cybercrime detectives arrested a man for having duped a barodian of Rs 12 lakh by posing as an executive of an insurance company. Dinesh Lohera was arrested at his residence in Delhi after cops tracked him down using his phone number and bank accounts. Police said Lohera used to call Praveen Parmar, a resident […]]]>

Vadodara: Cybercrime detectives arrested a man for having duped a barodian of Rs 12 lakh by posing as an executive of an insurance company. Dinesh Lohera was arrested at his residence in Delhi after cops tracked him down using his phone number and bank accounts.
Police said Lohera used to call Praveen Parmar, a resident of Karelibaug, and offer him loans on different insurance policies. The cops are now checking to see if anyone else was involved with Lohera in the fraud. Parmar had filed a cheating complaint worth around Rs 12 lakh to the cybercrime police on December 30, 2021.
Parmar had told police that in 2019 he received several calls from a woman offering insurance policies. He refused to take out the policy, but soon received a call from a man who identified himself as Rahul Sharma and offered him a loan on an insurance policy. The accused asked Parmar to take out a policy of Rs 39,000 for a loan of Rs 12 lakh.
Parmar took out the policy but did not get any loans, after which Sharma told him the amount was repayable. The accused then again asked Parmar to take out another policy worth Rs 64,000 for which the latter paid in June 2020. After a few days, Sharma asked Parmar to take out another policy with a company to have his loan processed.
Between March 2021 and November 2021, Parmar paid another Rs 10.20 lakh in 24 different installments. But he never got the loan amount or any policy as a result of which he contacted the police.

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CFPB’s arbitrary attacks on payday loans https://4wallsandaview.com/cfpbs-arbitrary-attacks-on-payday-loans/ Sun, 02 Jan 2022 22:03:00 +0000 https://4wallsandaview.com/cfpbs-arbitrary-attacks-on-payday-loans/ The new director of the Consumer Financial Protection Bureau, Rohit Chopra, began to shake his interventionist saber just two months after his confirmation in the Senate. Whether it’s pushing the Federal Deposit Insurance Corp. To block bank mergers or attack bank overdraft fees, Mr. Chopra is moving aggressively. If the CFPB’s credit and pawn shops […]]]>

The new director of the Consumer Financial Protection Bureau, Rohit Chopra, began to shake his interventionist saber just two months after his confirmation in the Senate. Whether it’s pushing the Federal Deposit Insurance Corp. To block bank mergers or attack bank overdraft fees, Mr. Chopra is moving aggressively. If the CFPB’s credit and pawn shops ‘Buy now, pay later’ surveys are a leading indicator, it appears to be only a matter of time before Mr Chopra reconsiders the progressive irritant perpetual — payday loans.

A study we recently completed calls into question the wisdom and legality of the CFPB’s latest attempt to regulate payday lending, a rule from 2017. This rule provides the model for efforts to regulate payday loans out of business. ‘existence. This massive rule limited payday loan clients to no more than six loans per year, unless they could meet a strict government-imposed repayment capacity standard.

Our results show that the CFPB’s approach to regulating payday loans is ill-conceived and needs to be adjusted. We have found that the CFPB’s focus on the authorized number of payday loans is not a reasonable consumer protection policy.

We looked at 2013 data on 15.6 million payday loans, made to 1.8 million unique borrowers, to determine whether the number of loans a consumer took in a year is a meaningful estimate. consumer welfare. We examined the terms and use of payday loans and estimated the effects on consumers if they were prohibited from taking more than six loans per year. We focused on the interaction of this limitation with two common ways that states regulate payday loans: limits on eligible loan fees and loan amounts.

Our findings will surprise the writers of the CFPB rules. Contrary to research cited in the CFPB’s 2017 rule, which stated that “loans are almost always made at the maximum rate allowed”, we found that neither fees paid nor loan amounts inexorably reached maximum levels allowed. when these permitted levels were reasonable.

We found that two otherwise identical consumers in different states could take out a different number of loans to acquire the amount of credit they needed, simply because state laws differ as to how much a consumer can legally borrow on one. ready. If a consumer in a state with a loan limit of $ 500 needs $ 600, the borrower will need to take out two loans. Without a ceiling, a single loan would suffice.

We found that borrowers in states with low authorized loan amounts ($ 500 or less) take about 50% more loans than borrowers in states with high authorized loan amounts (over $ 500 or none). loan amount ceiling). In low-dollar states, borrowers took on an average of 9.31 loans. In high-dollar states, borrowers took on an average of 6.27 loans.

Additionally, despite the tighter borrowing limits on loan amounts at one point in time, borrowers from low-dollar states ended up borrowing the same total amount during the year as borrowers from high-dollar states. Ultimately, consumers in low-dollar states had to take out more loans to meet their needs. Overall, our research reveals the arbitrariness of the CFPB’s obsession with the number of loans as a useful measure of consumer welfare.

The concern of the CFPB in 2017 was the borrowers who repeatedly “renew” their loans. A rollover occurs when a consumer borrows, say, $ 500 with a promise to repay the full amount within two weeks. In two weeks, however, if the borrower does not repay the loan in full, the loan can be “rolled over” simply by paying the fees (typically around $ 19 to $ 21 per $ 100). The rigid standard of repayment capacity and the six payday loans per year seem, to us at least, to come from refinancing by payday borrowers. Rollovers represent a large number of loans but are carried out by a minority of borrowers.

Fortunately, cold heads prevailed and in 2020 the CFPB, led by Director Kathleen Kraninger, rescinded the repayment capacity provision in the 2017 rule. The CFPB believes that while the rule had come into full effect, it would have eliminated 59% to 80% of all payday loans.

Unfortunately, the scrutiny of small dollar loans is back on the CFPB’s execution menu. But our research is very clear: the CFPB should stop its efforts to impose a single regulation on payday lending. Consumers are managing their finances much better than Washington bureaucrats believe.

Mr. Miller is Professor of Finance at Mississippi State University and Principal Investigator at Consumers’ Research. Mr. Zywicki is Professor at the Antonin Scalia School of Law at George Mason University and Research Fellow at the Law and Economics Center.

Newspaper editorial report: Kyle Peterson, Mary O’Grady, Dan Henninger and Paul Gigot predict what is to come in 2022. Images: AFP / Getty Images Composite: Mark Kelly

Copyright © 2021 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8


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How to be in better financial health in 2022 – Forbes Advisor INDIA https://4wallsandaview.com/how-to-be-in-better-financial-health-in-2022-forbes-advisor-india/ Sat, 01 Jan 2022 03:30:00 +0000 https://4wallsandaview.com/how-to-be-in-better-financial-health-in-2022-forbes-advisor-india/ A new year is a good time to review our financial decisions. It’s time to track our spending habits, our investments over the past year and whether those decisions were in line with our overall financial goals. The intention here is not to criticize or regret what has happened, but rather to understand our own […]]]>

A new year is a good time to review our financial decisions. It’s time to track our spending habits, our investments over the past year and whether those decisions were in line with our overall financial goals. The intention here is not to criticize or regret what has happened, but rather to understand our own financial behavior. It can help us align our behavior with our life goals or rethink some of our financial decisions.

Regular review is also an important part of financial planning. Managing money isn’t easy, and it requires an honest examination of your own financial habits, biases, expectations, and cash flow. But it is essential if we are to instill financial discipline and understand our own behavior. Ultimately, this is the first step towards improving your financial health.

Steps to improve your financial health in 2022

Financial health refers to your monetary state. Good financial health is characterized by a steady income stream, a growing cash balance, a strong portfolio, and regular spending that does not show sudden spikes. Getting to this point can seem difficult, especially when you are starting out with limited income and heavy expenses.

This is where financial planning comes in. A good financial plan should help keep you on track to achieving your overall financial goals.

1) Review your investments

It is essential that you periodically review our portfolio to assess the condition of your assets, their maturity and to keep an eye on your cash flow. With age, your investment portfolio will also change depending on your risk profile. For example, you are more open to high risk, high return investments at a young age when you have few dependents. On the other hand, you are likely to be more careful in your 40s where you may have multiple responsibilities and cannot afford to take high risks.

The year-end portfolio review is also the perfect opportunity to list all of your investments in one place to see your overall asset allocation. This includes all asset classes including gold real estate, mutual funds, EPF, and stocks. The next step is to track the returns on your investments throughout the year and see if they are meeting your expectations. So if you were expecting a 12% return from a mid-cap stock, where is your investment now?

At the same time, you can compare an asset’s weighting against its returns to determine the balance between high return and stable investments. The portfolio review gives you an accurate picture of the weighting of each asset, the overall returns of your portfolio and re-evaluate this distribution based on your current risk tolerance.

2) Consider unnecessary expenses

One of the main goals of a review is to understand our spending habits. While we may aim to follow predefined spending goals, most of us are often unaware of our actual buying habits. This is usually why our end-of-month savings are sometimes lower than expected. Fortunately, we have the means to control our actual spending more reliably.

The first would be to try and maintain a budget spreadsheet each month that you record every purchase or release from your account. If managing a spreadsheet seems too difficult, check your bank account, including all credit card purchases. There’s a good chance you’ll find unnecessary spending or unhealthy spending habits, like an annual subscription to a magazine you no longer follow.

Harmful spending habits could include the tendency to buy high-end electrical gadgets or overspending in restaurants. Identifying these patterns is the first step in dealing with them. Cut back on dining out and carefully review your subscriptions. On the flip side, it can also help you plan for unforeseen expenses like hosting clients for lunch or buying gifts for friends or colleagues. You can set aside a specific amount each month for such expenses.

3) Automate your savings or investment

One of the safest ways to ensure sufficient cash flow for savings or investments is to automate it. This can be all the more useful for those who find themselves spending more than they should. The annual review can help clarify your spending habits and how much you should invest monthly, quarterly, semi-annually, or annually in your portfolio.

Automating your savings becomes even more important for investments that may seem small today, but are needed in the long run. This includes investing in a retirement fund in your 30s or health insurance when you are young and fit. By automating these savings, we can ensure that our biases do not prevent us from making these investments.

You can set up automatic transfers in sync with your income cycle to ensure these allocations are made as soon as you have sufficient funds in your account. It also ensures that you are never behind on your payments or premiums. It also ensures that you have a clear limit on your spending potential, it helps you maintain financial discipline.

4) Channel the money in different avenues of investment

How diverse is your portfolio? You must have a pretty good idea by now, thanks to the portfolio review. When you take a close look at your overall monetary situation, this is a perfect opportunity to expand it further. But a portfolio reallocation should be mindful of current financial conditions and your own risk profile.

For example, while pharmaceutical companies took the lead last year, in 2022, sectors like fintech, real estate, manufacturing, logistics and autos are expected to pick up. A wave of IPOs are also expected to hit the market this year, providing attractive investment opportunities in high growth companies. The growth of startups and the flow of investments into the digital economy can help you expand your portfolio to include more small-cap, high-growth companies. With the recovery of some of these stocks, this is the perfect opportunity to further diversify your assets into stocks.

At the same time, investments in large corporations, government securities and mutual funds will ensure a more stable balance. Likewise, you can consider expanding into different markets, such as the United States, to limit your exposure to a single economy. It can also help you avoid the impact of the depreciation of the rupee.

2022 also offers the opportunity to work towards investing in long-term investments like real estate or to further strengthen your retirement corpus by investing in retirement funds.

5) Strengthen emergency funds

The past two years have shown us the importance of savings and a nest egg that can help you get through tough times. An emergency fund is designed to provide us with a financial alternative in the event of an adverse event, such as a sudden loss of income. It can also include big unforeseen expenses, such as major repairs to your car.

Loss of income or sudden expenses can not only impact our overall lifestyle but can also put our wallet at risk as we fail to make timely payments or are forced to cash out some of the money. between them in order to face our debts. An emergency fund is intended to cover all these short-term expenses. This can represent three to six months of your salary depending on your income and expenses.

For many of us, our debts can often increase with age as we have to think about children’s school fees, IMEs, loan payments, or the rent on the house. People with a high number of liabilities should therefore build a fund that can withstand a loss of income of at least six months.

To avoid overspending the fund, it is best to put it in a separate savings account, especially if the fund is small enough. For a large fund, it is best to invest in a very liquid fund such as mutual loan funds where your money can grow while allowing you to quickly cash out your assets when needed.

6) review your debt and rework your budget

Debt can seem like a heavy burden, but it is often a necessary part of our modern life. And in some cases, it may even be better than making large cash payments for every purchase. That said, it’s always best to know your debts at the start of the year. Prioritize your debt based on interest rates. It is always best to pay off high interest debts first. However, low or zero interest debt can be paid on schedule and can help you manage your finances in a more planned way.

Examining your debts and payments is necessary to establish your budget. As you browse through last year’s finances, you will see a clear pattern of expenses, investments, and income. These will help you set a more realistic budget that you can stick to. You can continue to tweak it as you rework your investment decisions throughout the year.

Final result

Finally, let 2022 be the year you work to improve your financial literacy. Good financial health has a direct impact on our well-being. It can help us meet our basic and non-basic needs, fully explore our potential, and enable us to lead lives on our own terms. As we age, this allows us to take time off when needed, to provide for the needs of our loved ones and to ensure good medical follow-up.

Financial literacy is the first step in learning about money and how it works. Today, you also have easy access to professional help in managing your finances through multiple platforms, whether digital or through professionals. So take the time to understand your own behavior, your goals, and how to align the two.


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Chubb Supports Debt Restructuring For Nature Project In Belize https://4wallsandaview.com/chubb-supports-debt-restructuring-for-nature-project-in-belize/ Thu, 30 Dec 2021 16:08:05 +0000 https://4wallsandaview.com/chubb-supports-debt-restructuring-for-nature-project-in-belize/ Chubb supports the participation of the United States International Development Finance Corporation (DFC) in a landmark debt restructuring and ocean conservation project in Belize. Chubb Global Markets and Sovereign Risk Insurance, along with other private insurers, provided $ 300 million in reinsurance to DFC as part of an innovative political risk insurance deal designed to […]]]>

Chubb supports the participation of the United States International Development Finance Corporation (DFC) in a landmark debt restructuring and ocean conservation project in Belize.

Chubb Global Markets and Sovereign Risk Insurance, along with other private insurers, provided $ 300 million in reinsurance to DFC as part of an innovative political risk insurance deal designed to help Belize reduce its debt public and to finance marine protection.

The insured transaction, a $ 364 million loan structured and arranged by The Nature Conservancy (TNC) and Credit Suisse, will allow the country to reduce its debt burden by approximately $ 250 million and generate approximately $ 180 million for marine conservation over 20 years.

DFC provided approximately $ 610 million of political risk insurance (covering the principal and interest of the loan) to support the transaction, thereby ensuring that the loan received an investment grade rating.

Due to the large size of DFC’s exposure, the backing of private political risk reinsurance was a critical part of the transaction.

Gallagher Re

DFC’s support for this project represents one of the most innovative examples of climate finance and a model for the future, as it reduces Belize’s indebtedness, generates investments in the protection of the sea and biodiversity and promotes climate resilience in the country’s “blue” economy.

Through this loan, Belize is able to redeem and repay a significant portion of its external commercial debt, create significant annual cash flows for marine conservation through 2040, and establish an endowment to finance conservation. marine for future generations.

This transaction represents the largest marine conservation-focused debt restructuring in the world to date and is the second transaction for TNC’s “Blue Bonds for Ocean Conservation” program.

Price Lowenstein, Chairman of Sovereign Risk Insurance, said: “The private political risk insurance market is delighted that we were able to support DFC in such a meaningful way in this groundbreaking transaction.

“This is a great example of a public-private partnership that can serve as a model for future ‘blue’ debt financing. Not only are we helping make a remarkable conservation project possible, but we also support sustainable economic development and community resilience through critical debt relief. “

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Local News: FEMA Assistance Available for Tornado Victims (12/28/21) https://4wallsandaview.com/local-news-fema-assistance-available-for-tornado-victims-12-28-21/ Tue, 28 Dec 2021 19:23:02 +0000 https://4wallsandaview.com/local-news-fema-assistance-available-for-tornado-victims-12-28-21/ Homeowners and renters in Arkansas affected by the recent tornadoes and severe storms on December 10 and 11, 2021, who live in counties recently designated for individual assistance, can seek assistance from FEMA. The designated counties are: Craighead, Jackson, Mississippi, Poinsett and Woodruff. If you have home or tenant insurance, you should file a claim […]]]>

Homeowners and renters in Arkansas affected by the recent tornadoes and severe storms on December 10 and 11, 2021, who live in counties recently designated for individual assistance, can seek assistance from FEMA.

The designated counties are: Craighead, Jackson, Mississippi, Poinsett and Woodruff. If you have home or tenant insurance, you should file a claim as soon as possible. By law, FEMA cannot duplicate benefits for losses covered by insurance. If you are uninsured or underinsured, you may be eligible for federal assistance.

The fastest and easiest way to apply is to visit desertassistance.gov/.

If it is not possible to apply online, call 800-621-3362. The toll-free lines will operate from 6 a.m. to 10 p.m. CST, with the exception of December 24, 25, 31 and January 1 when they will be open from 7 a.m. to 5 p.m. CST. If you are using a relay service, such as Video Relay Service (VRS), Captioned Telephone Service, or the like, give FEMA the number for that service.

You can also use the FEMA app on your smartphone.

When you request help, have the following information ready:

▪ A current phone number where you can be contacted

▪ Your address at the time of the accident and the address where you are currently staying

▪ Your Social Security number, if available

▪ A general list of damages and losses

▪ If insured, the policy number or agent and / or company name

As soon as it is safe to do so, start cleaning. Take photos to document the damage and begin cleaning and repairs to prevent further damage. Remember to keep receipts for all purchases related to cleaning and repairs.

Disaster assistance may include financial assistance for temporary shelter and home repairs as well as other programs to help families recover from the effects of the event.

US Small Business Administration (SBA) low interest disaster loans are available to homeowners, tenants, businesses of all sizes, and most nonprofits. Similar to FEMA, the SBA cannot duplicate benefits for losses covered by insurance.

?? ▪ For small businesses, those engaged in aquaculture and most non-profit organizations, up to $ 2 million is available for working capital needs even if there has been no damage property, with a maximum loan of $ 2 million for any combination of property damage and working capital requirements.

?? ▪ For owners: up to $ 200,000 is available to repair or replace their primary residence. For Homeowners and Renters: Up to $ 40,000 is available to replace personal property, including vehicles.

Businesses and residents can apply online at https://disasterloanassistance.sba.gov. Applicants can contact an SBA customer service representative by phone at 800-659-2955 or by email at FOCWAssistance@sba.gov. SBA will answer specific questions about how a disaster loan can help each survivor recover from disaster damage and provide one-on-one assistance in completing applications for these loans.


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IT companies lead in post-pandemic financial measures https://4wallsandaview.com/it-companies-lead-in-post-pandemic-financial-measures/ Mon, 27 Dec 2021 03:28:13 +0000 https://4wallsandaview.com/it-companies-lead-in-post-pandemic-financial-measures/ CHICAGO – MARCH 30: Texas Instruments displays smart tag that uses radio frequency … [+] identification technology (RFID). RFID tags are used by retailers and manufacturers for tracking inventory and product flow. (Photo by Scott Olson / Getty Images) Getty Images Information technology (IT) companies received the most funding of any industry in terms of […]]]>

Information technology (IT) companies received the most funding of any industry in terms of volume, highest average amount of funding, and highest average income, new primary financial data study finds by Biz2Credit. The study also found that demand for IT services increased during the pandemic, leading to improved financial performance, and IT business owners had the highest average credit score.

Accommodation and food services had the highest average approval rates for funding requests. This was the second largest percentage of funding given to small businesses. These companies suffered greatly during the pandemic and were able to take advantage of funding programs like the Paycheck Protection Program (PPP) that were put in place to help them. Accommodation and food services industry finished second in terms of total funding volume

the Biz2Credit 2021 Best Small Business Industries Report analyzed the financial performance of more than 200,000 businesses that have used the company’s online funding platform to apply for funding, including forgivable loans through the Paycheck Protection Program (PPP) of the SBA, in 2020-2021. Analysis looked at the following metrics: annual revenue, operating expenses, loan approval rate, total amounts funded, business owner credit scores, and company age.

Main conclusions:

The sector with the highest total funding volume in 2020 was the Technological Information (IT) industry, which obtained 18% of all funding issued. The second most funded industries in the country were accommodation and food services (15.3% of funding volume) and health care and social assistance (8.2% of funding volume)

· THIS business owners had the highest average credit score (636), followed by Real Estate (633), Finance and Insurance (624), Professional and Technical (623) and Health Care (619).

The companies of IT sector had the highest average income ($ 1,518,640). Wholesale trade ($ 1.3 million), manufacturing ($ 1.1 million), retail trade ($ 750,000), accommodation and food services ($ 626,000) and health care and social assistance ($ 612,000).

· Accommodation and food services had the highest approval rate for financing requests at 57%. Retail trade (55%) and healthcare (54%) followed closely, while Transportation and warehousing was the industry with the youngest companies. This corresponds to the greatest number of recent startups.

· Health care and social assistance had the oldest companies with an average age of 91 months (7.6 years).

Further findings revealed that a Chartered Professional Accountant (CPA) and Chartered Professional Accountant (CPA) proved invaluable to small business owners during the pandemic. The report also analyzed how often companies across different industries worked with a CPA on funding applications. He looked at data from over 40,000 small businesses that have partnered with CPA firms to process and fund more than $ 1 billion in PPP loans through the CPA business finance portal. The cloud-based funding platform was developed by Biz2Credit and CPA.com specifically for accountancy firms and recently added a term loan option to support the growing role of CPA firms in business advisory services. .

The platform data was analyzed as part of the Biz2Credit report. The top five industries working with CPA firms are accommodation and food services (17.8%), construction (13.6%), healthcare (13.3%), professional services (12.0%) and other services (9.5%), which include beauty salons, repair shops, laundry services and a range of other services.

We know from our experience with small business relief efforts during the pandemic that CPAs are a critical bridge in securing funding for many business owners. Providing CPA firms with easier access to financing for their clients will have benefits going forward, but especially for industries that fare less well as the recovery strengthens.

The report covers industries based on the NAICS classification system including accommodation and food services, business and professional services, healthcare, information technology, manufacturing, personal services, retail and wholesale.

The study aimed to identify the top industries for small businesses in the previous year and measure the performance of businesses based on their industry affiliation. All of the companies included in the survey had fewer than 250 employees and less than $ 10 million in annual revenues. The report covered small businesses across the country, from start-ups to established businesses. Biz2Credit also analyzed Paycheck Protection Program (PPP) loan data from the SBA database.


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5 surprising (and useful!) Ways to save for a down payment https://4wallsandaview.com/5-surprising-and-useful-ways-to-save-for-a-down-payment/ Fri, 24 Dec 2021 23:15:48 +0000 https://4wallsandaview.com/5-surprising-and-useful-ways-to-save-for-a-down-payment/ Presented by Beltone – A leader in audience health care. Buying your first home evokes all kinds of warm, fuzzy emotions: pride, joy, contentment. But before you get down to the good stuff, you need to whip up a down payment – a colossal sum if you follow the guide’s advice for saving 20% ​​of […]]]>
Presented by Beltone – A leader in audience health care.

Buying your first home evokes all kinds of warm, fuzzy emotions: pride, joy, contentment. But before you get down to the good stuff, you need to whip up a down payment – a colossal sum if you follow the guide’s advice for saving 20% ​​of the cost of a home.

Here are five creative ways to build your down payment faster than you ever imagined.

Critical home rehabilitation funds are available for eligible residents of Surprise.

1. Crowdsource your dream home

You may have heard of people using sites like Kickstarter to fund creative projects like short films and concert tours. Well, who said you can’t outsource your first home? Forget the traditional register, fine china and 16-speed blender. Use sites like Feather the Nest to increase your down payment.

2. Ask the seller to help you (really!)

When sellers want to close a deal quickly, they may be willing to help buyers pay closing costs. Less closing costs = more money you can apply to your deposit.

“They’re called sellers’ concessions,” says Ray Rodriguez, regional director of mortgage sales for the New York metro area at TD Bank. Talk to your real estate agent. They might help you negotiate something like 2% of the overall selling price in dealerships to help cover closing costs.

There are limits to the concessions depending on the type of mortgage you get. For FHA mortgages, the cap is 6% of the sale price. For Fannie Mae secured loans, the limits vary between 3% and 9%, depending on the ratio between the amount you put up and the amount you finance. Individual banks have varying limits on concessions.

No matter where they are paid, concessions must be part of the purchase contract.

Related: New Law Protects You From Unexpected Closing Costs

3. Examine government options

The US Department of Housing and Urban Development, or HUD, offers a number of homeownership programs, including help with down payment and closing costs. These are usually available for people who meet specific income or location requirements. HUD has a list of state-specific links that direct you to the appropriate page for information about your state.

HUD also offers profession-based help. If you are a law enforcement officer, firefighter, teacher, or EMT, you may be eligible under their Good Neighbor Next Door sales program for a 50% discount off the HUD estimated value. of a house in the “revitalization zones”. These areas are designated by Congress for homeownership opportunities. And if you qualify for an FHA insured mortgage under this program, the down payment is only $ 100; you can even finance closing costs.

For veterans, the VA will guarantee a portion of a home loan through commercial lenders. Often, no down payment or private mortgage insurance is required, and the program helps borrowers secure a competitive interest rate.

Some cities also offer homeownership assistance. “The City of Hartford has the HouseHartford Homebuyer Assistance Program which offers down payment assistance and closing cost assistance,” says Matthew Carbray, a certified financial planner with Ridgeline Financial Partners and Carbray Staunton Financial Planners at Avon, Connecticut. The program partners with lenders, real estate attorneys and homebuyer’s advice agencies and has helped more than 1,300 low-income families.

4. Check with your employer

Employer Assisted Housing (EAH) programs help connect low- and moderate-income workers with down payment assistance through their employer. In Pennsylvania, if you work for a participating EAH employer, you can apply for a loan of up to $ 8,000 for down payment and help with closing costs. The loan is interest free and borrowers have 10 years to repay it.

Washington University at St. Louis offers forgivable loans to qualified employees who wish to purchase housing in specific areas of the city. University employees receive the lesser of 5% of the purchase price or $ 6,000 for down payment or closing costs.

Ask your employer’s human resources or benefits staff if the company is part of an WASH program.

5. Take advantage of special lender programs

Finally, many lenders offer programs to help people buy a home with a small down payment. “I would say the biggest misconception [of home buying] is that you need 20% for the down payment of a house, ”says Rodriguez. “There are a lot of programs that need a total of 3% or 3.5% off.”

FHA mortgages, for example, can require as little as 3.5%. But keep in mind that there are upfront and monthly mortgage insurance payments. “Mortgage insurance could add $ 300 more to your monthly mortgage payment,” says Rodriguez.

Some lender programs go even further. TD Bank, for example, offers a 3% down payment without a mortgage insurance program, and other banks may have similar offers. “Check with your regional bank,” Rodriguez says. “Maybe they have their own first-time buyers program.”

Not so intimidating after all, is it? There is actually a lot of help available to many first-time home buyers who want to make their dreams of home ownership a reality. All you have to do is do a little research and start looking at those real estate listings!

* Content originally published by REALTOR.com, supplied by PAAR **

Learn more about residential real estate from Signals A Z.com.


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It was the average mortgage taken out in November. Can you afford it? https://4wallsandaview.com/it-was-the-average-mortgage-taken-out-in-november-can-you-afford-it/ Wed, 22 Dec 2021 22:21:28 +0000 https://4wallsandaview.com/it-was-the-average-mortgage-taken-out-in-november-can-you-afford-it/ The number might really shock you. There’s a reason so many people have had a hard time buying a home this year. Home prices have skyrocketed nationwide, fueled by limited supply and strong demand from buyers. In fact, homes got so expensive that in November the average purchase mortgage was $ 414,114, reports the Mortgage […]]]>

The number might really shock you.

There’s a reason so many people have had a hard time buying a home this year. Home prices have skyrocketed nationwide, fueled by limited supply and strong demand from buyers. In fact, homes got so expensive that in November the average purchase mortgage was $ 414,114, reports the Mortgage Bankers Association.

To be clear, there has been a lot of activity in the upper end of the housing market (while there has been a noticeable shortage of starter homes). This could skew the average mortgage loan amount upward.

But still, for many buyers, a home loan near $ 414,114 is just not in the cards. And so the question is: will homes become more affordable in the short term? Or will many buyers have to sit back and wait for things to end?

What 2022 has in store for home prices

In the absence of a crystal ball, it is difficult to say how home prices will develop over the next 12 months. But there’s a good chance they won’t drop significantly in the first half of the year, and maybe not in the second half.

In order for house prices to go down, we need more inventory. Otherwise, buyers will have to continue to outbid each other for limited homes that are available, keeping prices high.

But buyers may not be so keen to list their homes. The surge in COVID-19 cases and the emergence of the highly transmissible variant of omicron could prevent hesitant sellers from putting their properties on the market.

Meanwhile, mortgage rates could climb a bit during 2022, but they will likely remain competitive on a historic basis. This means that buyer demand may not weaken at all, creating a scenario in which those struggling to afford a home today could stay in the same boat for months.

How To Find Out How Much A Home You Can Afford

As a general rule, your housing costs, including your mortgage payment, property taxes, insurance and any other predictable recurring expenses, should not exceed 30% of your take home pay. Based on today’s home prices, more buyers are likely to exceed this threshold. Unfortunately, that could mean having trouble meeting your housing expenses or your bills in general.

Since home values ​​could remain high in 2022, you may want to put your buying plans on hold if today’s prices are too inflated for you. This is especially true if you currently have a comfortable and flexible housing situation. If you’re able to renew a lease at an affordable rate for next year, for example, it might be worthwhile to put the search for housing on hold in 2022, work to save more on a down payment, and try to again the housing market 12 months. down the line.

Of course, you may be able to find a home now that will result in a mortgage well under $ 414,114. But whatever amount of home loan you are considering, you will need to analyze the numbers to make sure they are right for your specific budget.


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