Month: July 2022

Indians have been known to wear anklets since their ancient history. Until the present, modern Indians wear plain anklets, jeweled anklets, chain anklets, and other kinds as part of their outfits and at times, traditions.

In 2021, the demand of Indians for silver amounted to approximately 1.8 thousand metric tons. In 2016, the demand for payals or traditional anklets consisted of about 70 percent of the market in the same year. This is because Hindu women believe that gold is the metal of gods. Therefore, wearing them on the lowest body part is said to be a bad omen and disrespectful. Hence, they prefer silver. With this, we can say that Indians love their silver payals. But, why do Indian women wear them?

Energy Storage

Many people hold the view that by wearing a payal, energy is not lost but instead re-vibrated back to the body. This is due to the Hindu concept that our hands and feet constantly emit energy. It is believed that wearing precious metals shields a person from adverse environments and stops this energy from being released.

New Bride

Payals are a traditional gift to a new bride in India. Usually, new brides wear these. These anklets frequently tinkle as the new bride enters her husband’s home, signaling her presence. Sometimes the bride will even place a ring with a connecting piece on her middle toe to symbolize her marriage to her husband.

Sign of Being a Woman

Family members would gather and welcome the woman with much respect if they heard anklets clicking in their location.

Sign of Being Single

Single women usually are asked to wear an anklet with a peculiar sound. When walking, anklets with tiny bells that generate this unique noise bring attention to their legs and feet.

For more information, visit:dcl=9098

Costa Rica Real Estate Baby Boom

As the real estate market in the US takes a nose dive, alternative investments like Costa Rica real estate could keep you afloat and in the sun! In times like this it’s good to have an alternative to futures, options, and hedge funds. The real estate market in Costa Rica is said to be one of the most stable in the world. It has been quietly booming for a few years and is expected to continue on its path. 
What makes Costa Rica real estate such a promising investment?  

About 15 years ago, you could buy a piece of land 50 meters from a beach of powder white sand and aqua blue water for $10,000 and it would be worth $900,000 today. There are still investment opportunities like this available in undeveloped costal areas, and up and coming trendy tourist destination. Although there are fewer than in the past, steals like this can still be found. Real Estate Investing!

But more importantly, foreigners continue to move to Costa Rica, bringing their savings with them. Many are retiring or buying a second home, some are retiring young and some are coming to do business. There are several reasons for the influx. Property is cheaper than in the US, as is the cost of living, and a familiar standard of living can be maintained with the added benefit of beautiful beaches.

Furthermore, in 2010 the baby-boom generation will start to turn 65 and retire. Baby-boomers will retreat from their failing retirement plans and insufficient Medicare system and move to independent retirement in the sun. Costa Rica will become the new Florida, and you can already see the retirement developments going up and banking services for transferring Medicare checks.  Real Estate Investing!

Real estate has always been a great investment in terms of providing cash flow, assets and tax breaks. With the US market in the dumps, Costa Rica offers the opportunity to invest in a new growth market, in a country with a stable economy, and a friendly foreign policy. Costa Rica real estate is an excellent alternative investment offering high returns with low risk.  Real Estate Investing!

Preparing the wedding of your dreams is a stunning time in a couple's life. Couples want to have a spectacular day to express with family & buddies. Unfortunately, a wedding can get costly speedily. This is why, it's vital to budget.

Why a Wedding Budget is Important

Making a budget for a wedding is advantageous. Couples can stay organized. They can also save money. Couples who make a wedding budget can save themselves plenty of tension.

5 Steps for Making A Wedding Budget Couples Can Absolutely Do

Step #1 – Assess Your Income

Couples want to review sources of money when producing a wedding budget. Often, couples have three sources of money to give consideration to. The very first is the individual savings that they can apply to the wedding. 2nd is what they can set aside from present revenue after paying monthly expenditures. The 3rd is any money that has been contributed from family & buddies. Once you realize how much money is available, you could move on to the next step.

Step #2 – Tracking Spending is Crucial

Tracking expenditures for a wedding is vital. 1 reason is in case you spend less in one region, you could apply the money to a diverse region of the wedding that may want it. Additionally, any unspent money could be put into savings. Your budget need to include columns for estimated, modified, & actual spending. When calling wedding vendors for estimates, make certain to ask if taxes & gratuity are included in the estimate that they give.

Step #3 – Don't Let Surprises Catch You Off Guard

Before signing any agreements, make certain to read agreements thoroughly. Minor charges can add up rapid. I.e., caterers can charge additional for setting up & cleaning up after a wedding. A large number of wedding photographers charge additional for digital access to the photos from your wedding. By avoiding surprises as much as you could, you will not have your budget fall apart.

Step #4 – Limit Use of Credit Cards

While charging points for your wedding on a credit card seems like a handy thing to do, keep away from it. Should you can't pay off what you charge speedily, don't do it. If couples end up with a substantial credit card bill from holding their wedding, they'll put themselves in debt that they didn't need to. Paying as much as you could in cash is a intelligent thought, as there will not be points like interest charges to worry about later.

And bear in mind that in case you ARE going to use a credit card, be intelligent about it & decide upon the proper one. In accordance with -, you need to find a credit card that has good rewards, low interest rates, & one that will approve you reliant on your credit score. Several individuals even take advantage of a low-interest introductory offer on a credit card for their wedding. Either way, just be certain you're doing this responsibly.

Step #5 – Imagine Techniques to Save

Saving on a wedding is intelligent. There are quite a few parts of the wedding couples can give consideration to. Can you hold the wedding someplace for a decreased fee or even zero cost? Might you make decorations for the wedding yourself? Would it be less costly to provide food for the reception yourself? You could even hold the wedding & reception in the same location. Discovering approaches to save can help couples with their budget.

Summary

Preparing a wedding could be exceptionally emotional. By deciding to make a budget for their wedding, couples can control spending & limit tension. This way more time could be spent enjoying their unique day.

Private Residential Mortgage

I have come across many note sellers that ignore the advice of being prepared. Properly structuring a note for resale can be the difference between selling the note fast and with little friction as opposed to selling yourself short or worse, not selling the note at all. In order to properly structure a mortgage note for resale is as follows:

1) Get the biggest down payment possible. 25% is the Note Buyer’s ideal amount in a perfect world although, you can definitely get away with 15% – 20% if need be. Anything under 15% equity becomes very risky for a Note Investor. In the case of a down payment under 14% equity, you will have a very tough time getting a high bid on that note. Anything under 10% down, will unlikely sell at all.  Housing Market!

2) Make sure you (the seller), pull credit on the potential borrower. 600 FICO score – 700 FICO score would be ideal. Remember; the worse the credit score is, the bigger the down payment you should require! Make sure you keep a copy of the credit report so you may present to the mortgage note investor underwriting the transaction. As far as credit scores, 650 or higher is considered great to excellent credit. 610-649 is good, 609-590 is fair 589-500 is poor and below 500 – don’t even bother. Also try to gather D.T.I. or Debt to Income information from the borrower as well. How much money she/he has coming in per month verses what dollar amount is going out per month. A standard credit report will show you what the borrowers monthly bills are. All you need to do after that is get an accurate dollar amount of what the borrower truly makes after taxes. This way there will be no surprises for you or the Note Investor and this will insure you the highest bids out there! 45% is the max D.T.I. ratio you should allow. This means, if the borrower’s income is $5,000.00 per month, 45% DTI ratio would be $2,250.00 (5,000 x 0.45 = 2,250.00) in debt per month. The borrower only owes 45% of what they make to monthly debt.  Go Now!

3) It helps tremendously if the seller orders and completes an appraisal before submitting the note to a Note Buyer. The reason being, presenting an exact legal appraisal to a Note Investor allows for a more accurate bid, thus a hassle free transaction. This way when the note is underwritten, there will be no surprises on the collateral property whatsoever. This step is not necessary although, by doing this your are drastically increasing your chances of a very smooth note sale.

4) Include a high interest rate with the shortest term possible. Meaning, be sure that your borrower can afford the payments at the shortest term she/he can legitimately agree to.

5) Try to keep the loan under a 10-15 year payback date. Anything over 12 years usually takes a much steeper discount then say a 10 balloon. The Note Investor generally likes to be out of an investment in 5-10 years. Ideally, if your borrower situation permits, 5-10 is the first choice. 

6) Include a prepayment penalty based on your states regulations and laws.  Go Now!

Please keep in mind; the above information is just a guide. If you have any legal questions about mortgage origination laws in your state, please consult a licensed mortgage broker/banker (in your state) or an attorney. Always be prepared!
Knowing this info before hand is the difference between a smooth transaction and a complete nightmare! Good Luck!