Your house is a big investment – probably one of the biggest you’re every likely to make. It is also the place that you and your loved ones call home; a shelter and haven from the outside world. That’s why it is so important to ensure that your home and family are protected in the event of your death. It’s not a topic that any of us like to dwell on, but the sad fact is that should you die and the family are no longer able to afford repayments on the house, they will lose the property and the roof from over their heads.
Having a good life insurance policy in place to protect your property in the event of your death is vital. When you die, your family will have enough to worry about without the added stress of how they are going to hold on to the family home. Your life insurance policy will ensure that this problem is eliminated, with the mortgage balance being paid in full upon your death.
The main types of mortgage life cover
The type of mortgage life insurance cover that you require will depend upon what type of mortgage you have, a repayment or an interest only mortgage. There are two main types of mortgage life insurance cover, which are:
Decreasing term insurance
This type of mortgage life insurance is designed for those with a repayment mortgage. With a repayment mortgage, the balance of the loan decreases over the term of the mortgage. Therefore, the sum of cover with a decreasing term insurance policy will also go down in line with the mortgage balance. So, the amount for which your life is insured should match the balance outstanding on your mortgage, which means that if you die your policy will hold sufficient funds to pay off the remainder of the mortgage and alleviate any additional worry to your family.
With the decreasing term insurance, the cover is usually taken out over the term of the mortgage, and payment is made should you die during the term of the policy. Once the policy has expired, it becomes null and void, so you will receive nothing at the end of your policy if you are still living. There is no surrender value on this type of cover, but it does provide a cost effective means of protecting your home and family during the life of your mortgage.
Level term insurance
This type of mortgage life insurance cover is for those that have a repayment mortgage, where the principle balance remains the same throughout the term of the mortgage and the repayments made by the property owner cover the interest payments on the mortgage only.
The sum for which the insured is covered remains the same throughout the term of this policy, and this is because the principle balance on the mortgage also remains the same. Therefore the sum assured is a fixed amount, which is paid should the insured party die within the term of the policy. As with decreasing term insurance, there is no surrender value, and should the policy end before the insured dies no payout will be awarded and the policy becomes null and void.
Terminal illness benefit
Both of the above types of cover normally include terminal illness cover, which means that the mortgage is cleared should you be diagnosed with a terminal illness rather than waiting until you actually die. This helps to ensure that you do not have the additional worry of trying to meet repayments when a terminal illness takes away your ability to work and earn money, and at a time when the whole family has enough to worry about without having to stress about meeting mortgage repayments.
Critical illness cover
Critical illness cover is another type of insurance policy that can be added on to either of the above mortgage life insurance polices and provides an extra element of protection and peace of mind. This type of cover can also be taken out as a stand-alone policy, but usually proves much better value if simply added on to a main insurance policy.
With critical illness cover you will be eligible for a payout in the event that you are diagnosed with a critical illness. If you then go on to recover from the critical illness, the payout is yours to keep but the policy becomes null and void following your claim. The illnesses that are covered by this type of policy are defined by the insurer so you should ensure that you check the terms when taking out critical illness cover.
Adding critical illness cover to your policy will only increase your repayments by a small amount, but can provide valuable protection if you are diagnosed as critically ill and are therefore unable to work. With your mortgage repaid from the payout of this policy, you will not have the additional worry of trying to keep a roof over your head at a time when you should be concentrating on trying to make a recovery.
As indicated by the features of the two main types of mortgage life insurance cover, the policy you go for will depend largely upon the type of mortgage you have. Both types of cover offer value for money, with some really low cost deals available. Of course, the amount that you pay will ultimately depend upon the level of cover you require. For total peace of mind it is always advisable to go for a policy with critical illness cover incorporated into it.
Having some form of mortgage life cover is essential to protect your home and your family. After working hard to buy your own property, the prospect of it being repossessed in the event of your death can be worrying both for you and for your family. A mortgage life cover policy will ensure that this does not happen, and will give your family the security of knowing that whatever happens they will still have a roof over their heads.
In today’s high-stakes world of real estate sales you may, at some time be approached by your realtor and be asked to have your home staged. This process is becoming ever more popular in home sales and as it gains popularity it becomes ever more necessary; due to the fact that staged homes simply show better. This simple fact has led to the explosion of the home staging industry and it takes little effort to find a stager in almost any town or city.Any stager will operated along the same principles; get rid of clutter and mess and improve the visual qualities of all rooms.This is true in all staging as homes in their lived-in condition can sometimes be harder to sell as they do have that “lived in” look. This can make it more difficult to sell a home as places such as this tend to impart too much of the seller to the buyer, thereby making it hard for the buyer to gain a sense of comfort in the home.
Comfort for viewers is incredibly important, too many prospective sales have left homes because they just “don’t feel right.” Much of the time this is due to your daily items being in their line of sight, This is one reason why some stagers will suggest that you use rental furniture specially chosen for the staging process. With rental or replacement furniture, the stager can tailor colors and patterns to compliment the home and you can get started on your packing without having to worry about showing an empty home. Unfortunately ‘lived in” is not really the look you are shooting for here, what is preferable is the “showroom” look that you see in magazines and furniture stores. This has become the reality of home sales. Simply cleaning the home has ceased to be sufficient to ensure a quick sale and buyers are looking for something more in homes that they view and the responsibility to provide that has fallen to the seller. Sellers must supply more of a complete package than ever before and staging has proven to a great way to do this.
Slovenia property is the news when a well known TV Program in the UK Put it in its top ten best property investment locations with a forecast growth of nearly 300% for the next 10 years. Primoska is a popular region and Primoksa property investment is an ideal location to seek capital growth and rental income.
After Ljubljana and Gorenjska, Primorska is the third most visited region in Slovenia.
Primorska is a province located in the west of Slovenia and is comprised of three distinct regions:
The Soca Valley.
– A stretch of beautiful Adriatic coastline
– The famous wine growing central region.
– Pri morju in Slovenian means near the sea.
One of Primorska’s main attractions and an area that is one of the fastest growing in terms of popularity in all of Slovenia is the 50km stretch of coastline.
This coastline separates it from its neighbors, Italy and Croatia. The coastline is underdeveloped and an area of outstanding natural beauty and not yet overrun with tourists. The main town on this coastline is the delightful Venetian city of Piran which is located on a compact peninsula that juts out into the Adriatic.
The first walls of the city date back to the 7th century and then extended in the 12th century; They achieved their present appearance in the 16th century and were built as protection against marauding Turkish raiders and pirates.
Piran has an Italian influence but the standard of living here is cheaper. It is close to Italy and Venice is just 1.5hrs away. On a clear night the lights of Venice twinkle across the Adriatic. Piran is a small, compact, fishing town and has not changed much in appearance in the last 400 years.
Being the centre of the tourist trade on the coast, with its close proximity to Venice, more people are looking at buying property in the area than ever before.
This is one area set to boom with more tourists coming to Piran and high quality accommodation in tight supply. An indication of the building that has taken place can be seen at the Portoroz Marina, which is arguably one of the most modern and best equipped on the Adriatic.
Primorska is actually Slovenia’s most diverse region and while the coast is popular there is much more to enjoy.
a Valley is a beautiful area, dominated by the Soca River which gives the region its name.
With its clean, crystal clear distinctive turquoise water, the So
a River and its mountainous backdrop is a stunningly beautiful location.
a runs from the north-west of Slovenia down to the casino town of Nova Gorica in the west.
The region is famed for offering great outdoor pursuits including: Slovenia’s highest ski resort at Kanin, the So
a River of course provides a number of sports from fishing to white water rafting.
Bovec is a small town and a popular place to buy property, located at the northern end of the So
a Valley, at the base of the Kanin mountains and is used as a base buy visitors to enjoy the outdoor sports of the region.
Central & North Primorska
This is an area that features rolling hills and valleys, dotted with vineyards.
This is the main wine growing region in Slovenia and is a get away from it all destination with property still relatively cheap in comparison to other areas. So if you are looking for an inexpensive introduction to Primoska property investment this region is ideal.
Goriska brda Dolina and Vipavska dolina are the best known vineyards producing quality red and white wines finally; BriÃ…¡ki okoliÃ…¡ has a well known Rebula and White Pinot. The Primorska wines are distinctive and are dryer, contain more minerals and more pigment than wines from the other regions of Slovenia.
The Karst region is located between the Trieste Bay and the Vipavska Valley and is a thick forested limestone plateau dotted with picturesque ancient stone villages that have changed little in centuries, vineyards and features UNESCO protected caves and the world’s largest known underground canyon at Ã… kocjan. It is also gives its name to amazing shapes created by waters in the fusible stone. This karst phenomena can be seen in over half of Slovenia
Due to its location, Primorska property in Slovenia has emerged as a great place for overseas property investors to seek solid capital gains and income.
Its close proximity to the Italian Alps, Austria, and sea coast offer several different areas all with something to offer and there are locations to suit all tastes.
If you are an overseas property investor and looking to invest in Slovenia property then Primorska property has a great deal to offer.
Due to the surging rates of foreclosures, people may choose the apartment or temporary housing options this year. There’s even a figure stating that 1 million people rented apartments last year compared to 139,000 more people looking into buying a house.
Leaving the house? Keep safe! Here are some friendly reminders for those in the go.
Have the cylinders of the door locks changed. It is possible that other people might hold the keys to your house.
Trim shrubs and high hedges so that you could easily see if there are burglars around your home.
Remove things that provide access to second-floor windows like tree branches and trellises.
Lock doors and windows that lead to rooftops, balconies and fire escapes if you’re not at home.
Engrave your Social Security number on your valuables so that they would be harder to be sold.
Don’t record your name, whereabouts or any personal information on your answering machine.
Get a dog.
Ask a neighbor or a friend to visit your house from time to time to do the chores.
Halt the mail and newspaper deliveries.
Ready for an apartment make-over? Stop right there and read on!
Let’s do the Switch! If you live in a one bedroom apartment, switch your living room with your bedroom. This way, your living room becomes a different room and gains a door. Also, you could never miss a guest because the front door is in your bedroom. If you live with roommates, switch bedrooms with one another.
Color your world! Experiment with colors and design, choose different walls, have a painting party! But of course, don’t forget to tell the management first!
House of fun! Get rid of boring furniture and spruce up your living room. Rummage through garage sales and check out funky items and gadgets.
So, still bored with your apartment? No need to move out, just try these out!
Living in a dorm? Here are some wise tips to store your items.
* Find out details about your dorm room and what is included. Many colleges and universities post floor plans and pictures on their Web sites. Will your desk come with shelving? Will you be provided with a chest of drawers or a closet? Will the door’s width fit standard-size door racks?
* Pack and move your dorm room supplies using double-use items. For example, use containers (such as Yaffa blocks) or mesh totes that you can load with belongings and use as storage once you are settled in your room.
&bullThink vertically when organizing your closet. Use double rack hangers to hang several items. Purchase a hanging shelf to store shoes, sweaters, or accessories.
Make sure that you are present to ensure that all services are performed to your satisfaction.
Check the inventory sheet before signing. Don’t sign it if you haven’t checked your things!
Check if there was something left or taken by mistake.
At unloading, check off each item as it is delivered and make notations for loss or damage before signing the form.
Ask the driver to assemble anything that has been disassembled and ensure that all parts are there.
Be sure that items in storage are clearly marked and check if they are still there.
Back when I was a young buck, trampling through the snow during Utah’s cold winters was something I enjoyed. But then, one day, I grew up and realized that driving in the stuff when you’re late for work wasn’t so much fun. Then, as I aged a bit more, I found myself staying indoors as much as possible when the white stuff hit the ground. My temperament for cold days was growing short, and I longed for warmer times. And that’s what brought me to find Midland, TX real estate as being so attractive.
In my search for a better climate, I studied all the cities with well known Mediterranean-style climates, such as San Diego and Los Angeles, and even the more tropical ones such as Miami. The big disadvantages of these big cities is that everybody else likes the climates there as well, creating a supply and demand situation that puts the real estate in those towns out of reach for your average American.
And that brings me to Midland, TX real estate. Midland might not have the much sought after Mediterranean or tropical climate, but it does have very mild winters with average highs in the mid-50’s during January (the coldest month), but can often climb into the 60’s or even 70’s. This is a far cry from Utah’s harsh winters and freezing temperatures which can last for months on end.
In fact, you’ll typically only get below freezing temperatures overnight in Midland during two months of the year. And unlike the dry desert climate of Utah, Midland’s summers receive about seven inches of precipitation — accounting for half the annual average — helping to bring in some humidity and keep the air clean.
But what good is living somewhere if there’s nothing to do?
Things to Do in Midland
Midland has a rich culture that dates back to Texas’ frontier days where many of the old western tales originate. A popular attraction is the George W. Bush childhood home which was dedicated in 2006.
A symphony and Chorale as well as a community theater have been performing music, musicals, comedies, dramas and more since the middle of the 20th century. And, of course, Texas is well known for the oil it produces. Museums revealing Texas’ oil history are a popular stop of the tourists, as are the oil fields.
Midland also sports a minor league baseball team, an affiliate to the Oakland Athletics.
The Price of Midland Real Estate
I’ll be honest. If I were a multi-millionaire, I’d pack up and head for San Diego today. But, since I’m not, I’ve got to take into consideration the price of homes and figure out a way to live within my means.
This is where Midland, TX real estate shines. With a Midland home costing half the national average, you’ll find some of the most affordable homes in the nation.
If you speak to any successful person you will find that he has or has had great mentors to get him to where he is today. If you want to become successful in property, I would advise you to find someone you can learn from and who can help you to take that first step. If at all possible, find a mentor you can speak to personally, rather than someone who will only speak to you if you are part of a group in a seminar-style setting.
A mentor will be someone whose work you admire. He will be someone who has achieved what you want to and is in a position to get you where you want to be quickly. A mentor will also have access to a network that you may wish to be part of.
For example, your property mentor will have a team of property finders, solicitors, financiers, surveyors, architects and builders etc who he uses in his daily business. Good professionals often take years to source. However, you could greatly enhance your chances of success by tapping into the same team that your mentor uses.
As a property entrepreneur, I have several mentors who have helped me to achieve quick results that would otherwise have taken me several years to attain.
A good mentor will
-Challenge and criticise you to get the best results possible
-and much more until you succeed
So how do I find a mentor?
There are several methods you should be using to find your ideal mentor. Ive listed a few here:
By attending networking events and meeting other successful property investors, you should very quickly be able to pick out a couple of people you think could help you in your property career.
Its then a question of approaching them and asking them if they offer any mentoring. If they dont, ask them if you can help them in their business for free in return for some general guidance. This normally works quite well.
-Surf the internet
Use the internet to research existing property entrepreneurs in your area. Again, look for someone who has achieved what you wish to achieve and looks like someone you could work with.
-Ask a friend
If you have any successful property investor friends, you could ask them to guide you. Alternatively, ask them if they have any mentors that they wouldnt mind you working with.
-Source authors of property books and courses
If there is any book or programme that you have bought in the past and learnt from, you may want to approach the author and ask him if he offers mentorship. This is a great way to find an established and recognised expert.
Once you have chosen a mentor, you will be spending a lot of time with him so please ensure he is someone you are comfortable working with him. Good communication is essential. Common goals and similar interests will definitely help here.
For the last around two quarters the booming real estate sector has been facing tremors of government policies as a result of which this sector has faced a sluggish growth. On top of it the RBI has once again recently announced increase in bank home loan interest rates consequent upon which the progress interalia, of real estate sector has been thrashed to the maximum as the actual users, who are supposed to be the driving factors of real estate market, have run away from the market deferring sine die their home requirement.
However, to revive the real estate market, need of the hour is to make such a policy which may really be favorable to the actual users of lower level, middle class and upper class. Some suggestions are, however, given below:-
1. Reduction in home loan interest rates for first time actual user. This should be strictly based on an affidavit followed by an enquiry.
2. No reduction in home loan interest rates for second home buyers
3. Full income tax rebate on interest amount to the first home buyers.
4. To control strictly the cost of various inputs such as cement, steel & bricks etc. so that the construction cost is reduced to the maximum to attract the lower and middle class actual buyers.
5. Financing problem of big builders be solved through Real Estate Investment Trust like autonomous body at reasonable rate of interest so that they can complete their projects as per stipulated time schedules.
6. While permitting CLU/environmental clearance and any other permission/license to the builders, concerned governments should impose mandatory conditions for construction of specific percentage of homes for EWS, LIG, MIG & HIG i.e. say in the ratio of 20%, 25%, 30%, and 25% respectively so that lower income group people may also join the main stream of the nation.
7. The regulating authorities may also consider to increase FAR which will provide more number of house in the sanctioned plan which will help in solving the housing problem to some extent.
8. Since more than 20 million houses may be required in the near future, the government concerned must be ready to augment the necessary infrastructure compatible with the urgent need of ever growing housing requirement so that inhabitation may not suffer from the basic requirements such as roads, water supply and transport facilities etc. etc.
9. Stress should be laid to develop infrastructure facilities on priority in Tier-II and Tier-III cities so that the pressure of Tier-I cities could be diverted to Tier-II & Tier-III cities on economic ground itself as the plots/ flats including industrial & commercial properties will be available at comparatively cheaper rates than Tier-I cities with similar facilities.
10. Government should provide special incentives or subsidised schemes to both builders as well as home/plot/commercial property buyers in Tier-II & Tier-III cities so that more and more people can opt for their future homes there.