Different Types of Mortgage Loans That You Can Apply For

There are many varieties of mortgages available. Sometimes it can be difficult to see which mortgage loan is suitable for you. I will discuss the three major types of mortgage loans in the marketplace. Most banks and lenders offer mortgages that belong to one of these categories:

Fixed mortgage loans are the most popular and common among the three kinds of mortgage loan. You take a home finance loan from a lender and you pay a certain repayment amount for a fixed time frame. Most people usually choose 30 year fixed mortgages as the monthly repayment amounts are low and the interest rates usually evens out in a 30 year period. You can get a quick loan through http://floridarealtyandmortgages.com/.

Convertible loans are becoming popular as it allows people to keep their mortgage loan options open making it possible for more flexibility. If you find rates of interest are too high, you can convert to your fixed rate mortgage loan. If rates of interest are low, you can also convert to ARM based mortgages. There are too many varieties of convertible loans under this classification. However I list one type of convertible loans I dealt together with.

A balloon loan is a fixed rate convertible loan. Normally, you start off by repaying small monthly repayments for a period of years, usually 5 or perhaps 7 years. At the end of this period, you will need to settle the loan at once.

These are mortgage loans which might be only being offered to a small grouping of people. For example the FHA mortgages are only available for first time home buyers or people together with bad credit.

An Insight into OM Exemptions and Accredited Investors in Exempt Market

exempt marketExempt market can provide you excellent investment opportunity but for that it will be necessary for you to have good knowledge of the market. As such in the following sections we will be looking at two of the important terms related to exempt market which are; accredited investors and OM exemptions.

Accredited Investors

As per National Instrument 45-106, in an exempt market an accredited investor is:

  • A person who along with spouse or alone owns financial assets with aggregate realizable worth before taxes exceeding $1,000,000.

It is worth mentioning here that financial assets refer to GIC’s, cash, RRSPs, mutual funds, stocks, bonds and similar liquid investments.

But assets such as rental property, home or vacation property do not fall in the category of financial assets, rather they are fixed assets.

  • A person with before tax net income more than $200,000 in last two consecutive years or combined before tax net income of person as well as his spouse to be more than $300,000 in last two consecutive years.

In addition to it, the person reasonably expects his net income level to rise in current year in comparison to the last two years.

  • A person who with his spouse or alone has $5,000,000 worth of net assets.

OM Exemptions

The Offering Memorandum (OM) exemption can be used by investors except for those residing in the two provinces of Quebec and Ontario.

In case you are residing in Nova Scotia, British Columbia, Newfoundland or New Brunswick then some of the other things to note include:

  1. Even though suitability is still applicable, there are no limits on who is allowed to invest.
  2. It is necessary to deliver the OM to investor to on or before subscription agreement is signed.
  3. It is required to get investor signature on risk acknowledgment form.

If you are living in Manitoba, Alberta, Saskatchewan or Prince Edward Island then only eligible investors can invest. As such the definition of eligible investor consists of people with:

  • Net assets more than $400,000 either alone or along with spouse. Additionally, such person’s before tax net income should be more than $75,000 in the last 2 consecutive years.

The person should also be reasonably expecting net income level to surpass that of last two consecutive years. OR

  • Before tax net income is more than $125,000, either with spouse or alone in last 2 consecutive years. The person should also be expecting the income level to increase in the current year. OR
  • A partnership where all partners are considered as eligible partners. OR
  • An estate or trust where trustees or beneficiaries are regarded as eligible investors.

As can be see you will have to meet any one criterion for becoming an eligible investor.


As we can clearly see there are many different guidelines which need to be followed for becoming accredited investor as well as for using OM exemption. For developing a successful investment portfolio you will have to understand these aspects and act accordingly. 

Different Types Of Stock Investing

If you are familiar about daily stock analysis then may as well invest on stock markets. Many people who have saved some money wonder how they can invest it smartly. Stock investing can be the best choice- but since investing brings both benefits and downsides as well, it is important that you understand what types of stocks you can invest in. Choose to learn more about binary options and join an opzioni binarie forum for this.

The first type, preferred stock, that usually acts like bond so that it is completely different from common stock. Moreover, preferred stocks are mostly long-termed, they are not very profitable, and in case of bankruptcy, the stockholders always come first. On the other side, most of the people prefer common stocks that can be bought through a broker. When you invest in this stock, you are actually buying a part of a company. However, finding a company that will become more valuable in the future is a challenge, considering today's economy. In case of bankruptcy, the investor will get only "leftovers", and in many cases, nothing at all. Bottom line is; your financial stability in the future does not solely depend on how much you earning today. It all depends on how you make the most of your earnings and this can be best done by doing the proper investment. So, think about it.

How To Choose A Financial Advisor Who Can Meet Your Financial Goals?

An essential key for selecting your financial advisor is to know what questions to ask. Most consumers who are looking for economic and investment planning services don't ask some of the most basic questions when locating, interviewing, and choosing the best financial advisor for their specific needs.

Choosing the wrong financial advisor can bring financially disastrous consequences to your financial security. Checking your financial advisors history, credentials, philosophy, compensation and experience in the financial services industry can quickly help you analyze if a financial advisor is  right for you or not. To learn real estate and land development basics contact angus reed.

A financial advisor with higher level experience should be preferred. Along with good experience it is also important that the financial advisor can help the client to fulfill his financial needs. Some questions you could ask your financial advisor are:

• How long have you been working with customers as their economic advisor?

• How long were you recommending investment and insurance policy products?

• How long were you actively and consistently generating financial plans for clients to help them achieve their economic goals?

• What is your training background?

• How many years did you would spend on training to become a financial advisor?

• How many written financial plans have you ever created for clients?

Home Loans – Important Things To Watch Out For

Homeowner loans generally is a quick and easy way for you to finance major investments and purchases. With home loans, you can tap into the value of your biggest asset in order to pay for things that are important to you.

With all the loan products available, nearly anyone who owns a house can find a loan company to offer them a mortgage loan. Here are some things to consider when you're shopping for home mortgages.

1. Look beyond the INTEREST RATES.

While the APR is generally considered the single easiest way to compare one home mortgage loan with another, the way that APRs are calculated just isn't quite standardized. Unscrupulous lenders are finding ways to 'hide' charges in the APR calculation, making their loans more expensive than the APR would connect you with believe. Browse through the link http://www.loans4yourgold.com/ to gain some additional knowledge about the process of taking home loans.

2. Be careful of repayment insurance.

Repayment insurance is supposed to assure you and the lender that your loan will be paid in full if something should eventually your ability to make the particular payments. Some lenders will offer you repayment insurance from the company that they choose — often at rates so excessive that you'll pay nearly around you borrowed to start with. Shop for repayment insurance equally you do for the mortgage loan itself.