Archive for January 2010
A commercial mortgage is similar to a residential mortgage in that funds can be borrowed over a long period of time, usually a maximum of 30 years, secured by a first charge on the property being bought.
In taking first charge, the lender is first in the queue to recover any debt if the property ever needs to be sold. This could happen because the mortgagee wishes to move on and sells, or perhaps has defaulted on the repayments causing the lender to foreclose.
If a first charge business mortgage already exists, it is common for different lenders to advance funds secured by way of a second charge which puts that lender as second in the ’security queue’.
Unlike residential mortgages, almost all commercial mortgages are variable rate loans which vary in line with the Base Rate set by the Bank of England’s Monetary Policy Committee. So, if a mortgage lender offers terms which include an interest rate of say ‘2% over base’ then a base rate of 4.5% would result in an interest rate of 6.5% being applied to the loan.
Some lenders will link their interest rates to LIBOR, which is the London Inter Bank Offered Rate. LIBOR is published every day in the Financial Times and can be found on a variety of other financial websites.
Commercial Mortgages can be secured against all kinds of freehold or long leasehold properties, such as shops, pubs, care homes, restaurants, offices, industrial factory units and more. Applying for a commercial mortgage is very much like that of a residential mortgage except that the maximum that can be borrowed is 60% of the assessed Market Value, although one or two lenders will advancelend up to 75% depending upon the proposal.
These percentages are known as the Loan-to-Value ratio, or LTV. A lower LTV means that the risk to the lender is reduced. The higher the LTV, the greater the risk to the lender and it is likely that a higher interest rate would be charged.
Lenders will not usually advance above 75% LTV to ensure that there would be enough security in the case of a forced sale, perhaps through auction when it is expected that property will sell at a discounted rate. When looking for a commercial mortgage it is advisable to shop around for the best deals and to use a specialist commercial finance broker who will possess the necessary expertise to advise you accordingly.
Many of us may talk about financial independence or financial freedom but the question is how many of us actually achieve it? In today’s economic climate, financial freedom may appear to be only a dream. That does not have to be so.
Carefully consider setting in place a money management program. Make your money management plan simple, realistic and achievable so that you can stick to it.
Here are some money managing ideas that can set you on a course to financial independence.
Set Your Goals
Defining the goals for your life and work is crucial to your success. Your goals should be specific. When you set your goals, prioritize them so that the path becomes easier to follow. (Eliminating credit card debt should be a priority goal.) Whatever goals you set, always keep them in focus. Reinforce your goals as often and in as many ways as possible, so when in times of trouble, you can remind yourself of their importance.
Spend Your Money Wisely
Within your expenses, differentiate between needs and wants, then avoid or eliminate the extraneous wants. Before making any purchase, be true to yourself and the goals you set by asking yourself “Do I really need that?” Only you can answer this question but you must be honest with yourself and remember your goal of financial freedom. Living frugally is about living smarter, so that you can afford to live the life that you have only dreamed of living.
New Trends Towards Financial Management
Economic insecurity is a fast rising concern for most people. Many who are faced with the possibility of near bankruptcy, due to the rising cost of living and the weak job market, are focusing their attention on alternatives, to help support themselves and their families. Many are on the look out for secondary sources of income as back up in case of a financial emergency such as a job loss.
Those already suffering at the hands of the social trends are desparately trying to make ends meet and are looking for a chance to restart their careers.
Achieving financial freedom is not about how much money you earn, but how wisely you use what you earn.
If you have a product or service and have considered launching your product or service online, please read on…
Even if you don’t have a product, you can still do a product launch online with a new or existing service. Online marketing technologies are very efficient at building buzz around your product.
You have two options for your product launch:
1) Internal Launch – You can use your existing customer list and build a product launch into your existing product launch to drive sales and more leads from existing customers. If you aren’t doing this, you are leaving money on the table. Guaranteed!
2) Online or External Launch – If you have a product or service that you can deliver outside of your local area this is a great way to build a pipeline of leads and sales for your business. By leveraging online video, social media, blogging, and other people’s lists you can create a real nice bump to your revenue in a very short time span…
If you haven’t considered a product launch, you should. Business all over are leverage the new tools online to drive more revenue faster with less effort.
You can do a product launch on your own, or hire a product launch manager and marketing consultant to help you use a proven method to drive revenue into your business.
Most times, the launch manager requires and up front retainer with a percentage of your revenue from the launch. Just keep in mind this is money or revenue you may not be realizing now, so paying a fee to drive more leads is negligible in the big picture. Especially if you have a new product your are bringing to market.
Best of luck with your product launch!
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Determining a quality personal computer game
0 Comments | Posted by admin in General Topics
If you have someone on your gift-giving list who’d enjoy a computer game, you are not alone.
This year, approximately one out of every 2 personal software program acquisitions will probably be a game. And there will be loads to select from. Hundreds of great new games will debut this holiday season.
A little simple sleuthing in the vicinity of the game player’s computer is going to prepare you for a trip to the mall. There’s a small box on each and every game container that states the system needs for using that game. Games customarily ask for some of the most powerful computers, so take along the answers to the following questions to figure out whether or not the game can get good results on your special someone’s computer.
- Is the computer a Mac or PC? Is the Desktop utilizing Windows XP or Windows Vista or Windows 7?
- What is the computer procesor type and its speed?
- Does the computer possess a CD- ROM? How fast is it?
- Does the computer contain a sound card? Is it ‘Sound Blaster’ compatible?
- What is the graphics resolution(i. e. VGA or SVGA) ?
- Does the computer use a broadband connection?
- Is there a game pad or joystick?
And once you’ve gotten these details, you are able to shop away. Among the least complicated ways to ensure a welcome gift on the special morning is to coordinate interests along with games. Fantasy novel readers may enjoy a role-playing game(RPG) like Daggerfall. Golf fans will enjoy working on their game with the Tiger Woods Golf Game; navy historians might be pleased about a war game, similar to Aces High; and automotive sports fans are probably eyeing Virtual Formula One, World Circuit2 or X- Car.
It may not be a bad idea to seek games that support many participants. One of the year’s hottest trends is web game free — playing a game against opponents across town or across the country over the Internet. Again, take a look at the box to see if a game has a multi-player capability. Online gaming brings a lot of life to a computer game.
Hawaii vacation rentals are a favorite way to enjoy the islands without being amongst a throng of tourists typical of hotels and resorts. Hawaii’s rentals are diverse and all you need to do is go online and punch it into a search engine, and you’ll be flooded with rentals and package discounts and deals. These are complete with information about what they have to offer and phone numbers if you would like to make a reservation.
Kauai Island is one. This is a beautiful island, referred to as the ‘Garden Island’ because of its wealth of natural features such as Waimea Canyon, the ‘Grand Canyon of Hawaii’ according to Mark Twain, and an abundance of high cliffs and waterfalls. There is a three mile stretch of beach here known as Hanalei Bay that offers only eight holiday homes: some of the best Hawaii vacation rentals on the archipelago, where you have the choice of 4-bedroom family homes or cottages for two.
You’ll find that most all of Hawaii’s rentals are located within a very short distance of fine restaurants, shops and popular activities. Hawaii has long been famous for it’s scenery. The white sandy beaches are remarkably beautiful, and the crystal blue waters will take your breath away. The beauty of a waterfall has always captured hearts and Hawaii has some of the most spectacular to be found anywhere. Add to this Hawaii’s superb year around weather and you have a vacation spot that can’t be beat.
You have many options at hand to put a vacation package together. In addition to your accommodations these will include car rental, air fare, some meals along with a list of tours and island adventures to take in while you enjoy the hospitality of Hawaii.
There are a multitude of tourist attractions available and they’re spread out across all the islands. Some examples are places like the Maui Theater and the A & B Sugar Museum also located in Maui. Then there’s the Arizona Memorial and the Sea Life Park in Oahu, where they also have the Polynesian Cultural Center. There’s the rain forests and Kilauea Volcano on the Big Island – and hundreds of more attractions sure to make your vacation an unforgettable experience.
If you start missing home then try some basketball on the many courts available, scuba diving and fishing round the coast, playgrounds aplenty, canoeing, boating, horse riding, hunting and lots more. You can have pizzas and burgers to remind you of home, or visit one of the many night clubs the islands offer. Or simply make it quiet and peaceful and enjoy a stroll on the beach on one of the beautiful moonlit nights Hawaii can offer with fabulous sunsets.
Hawaii vacation rentals are vacation heaven simply for some of the reasons mentioned above. Besides the great accommodations provided by Hawaii rentals, the entire island chain is alive with things to entice you into having the time of your life, and a vacation you’ll never forget.
Looking for a rental in Hawaii? GreatHawaiiVacationRentals.com provides detailed information to finding a Kauai vacation rental or a Maui vacation condo.
