Home Equity Lines

The property market in North Cyprus is flourishing alongside the reunification talks that are currently underway between North Cyprus

Over the decades, well meaning but often misinformed persons have decried what they have called “the high cost of weekly premium industrial insurance.

Two further developments helped to reduce the cost of industrial insurance in the twentieth century. As early as 1911 the company inaugurated a plan whereby industrial policyholders willing to pay weekly premiums directly and continuously to the home office or to a district office would receive a refund of 10% of the premiums. The following year this provision was included in the policy and became a contractual right of the insured. The Metropolitan was the first company to grant this allowance.

Large numbers of policyholders have taken advantage of this provision; in fact, more than 30% of the weekly premiums in force are now paid directly to the company, without collection commissions to agents; and the amount returned to policyholders in 1942 for such direct payment was about $7,700,000.

It is interesting to note that almost 30 years after this practice was adopted by the Metropolitan, it became a statutory requirement for companies in New York State, illustrating once again how the company

If you are a homeowner with a mortgage to pay, then if you haven

With 2008 becoming the year of the

Anyone who has a mortgage will no doubt have worried how they would manage financially in the event that they lost their income due to involuntary redundancy or incapacity (ie accident or sickness). It is a frightening thought that with just a few missed payments you could face going Court and even having your home repossessed. The good news is that you can protect your ability to maintain your mortgage repayments in the event of financial distress caused by one of these events, by taking out a mortgage repayment insurance policy.

Mortgage payment protection insurance - or MPPI for short - is an innovative insurance that protects homeowners against the financial fallout of losing their income due to no fault of their own. Should you need to make a claim on your policy, then you will start to receive a tax free benefit anywhere from one to three months after the event, depending on the policy you buy.

Some providers will offer the additional benefit of you being able to back date your claim to the first day of unemployment or incapacity, meaning that you do not lose out financially whatsoever.

This mortgage insurance payment will continue to run for one to two years

You may ask why you need mortgage protection insurance, believing that it is just another expense when your money is stretched already. However, have you considered what would happen if you were to suddenly lose your income due to involuntary redundancy or incapacity such as from having an accident or falling sick? How would you service your monthly mortgage debt? Even missing just a few payments will send you in to arrears which could see you in Court facing repossession. It really doesn

Mortgage payment protection insurance (or MPPI) is an insurance product that can help you keep up with your monthly mortgage repayments in the event that you lose your income due to involuntary redundancy; recovery from an accident; or prolonged illness. This means that at an already stressful time, you will not have to worry how to keep your home safe from repossession.

You may think that you will never need to use this type of insurance policy, but anyone of us is vulnerable to redundancy, especially in an uncertain economic climate. And having an accident or being hospitalised due to illness, with a long recovery period afterwards, is something that can happen to anyone. You simply cannot put a price on the peace of mind that a mortgage payment protection insurance policy could give you.

So, how does the cover work?

Well, the mortgage protection insurance will start to pay out a tax free monthly sum anywhere from thirty to ninety days after you are made redundant or become incapacitated. The waiting period depends on the individual policy terms and conditions so do check this when looking for your cover.

The sum you receive can go towards maintaining your monthly mortgage commitment as well as associated costs such as home, life and critical illness insurance, up to the provider

The strength and stability of a financial system is strictly measured by its ability to function in a state of equilibrium under normal and distressed conditions. If this main criteria is met, then the system

No matter what your current economic situation, it’s important to know how to save money. In addition to safeguarding you when hard times hit, frugal practices are often better for the environment. Here are ten tips to get you started on the frugal path.

Buy used.

If it’s not a safety hazard to do so, you should buy things used as often as possible. One great example is children’s clothes. You can save a lot of money if you buy your kids clothes used instead of new. They’re going to outgrow the clothes in a few months anyway and since kids wear out their things so fast, it doesn’t make much sense to buy new.

Cheap is good, free is better.

Sometimes people give perfectly good things away. Check Craigslist and Freecycle regularly to see what free things you can find. There’s no better price than free! This is another way to keep good products out of the landfills.

Careful coupon use.

Coupons can be an effective way to save money if you