30 Jul

Finding a mortgage where you only pay interest

An interest-only mortgage is a type of mortgage you will pay only the interest rate unpaid principal amount and during this period, the loan balance will remain the same. In the 20s this type of loan was normal, and worked well as the houses did not lose their value and borrowers lost their jobs, but [...]

24 Jul

Using insurance to cover our debts

Another option to consider is the payment protection insurance. This can be very helpful and was designed specifically for the situation we are describing. It works as follows: you pay an extra amount to your monthly bill. This additional amount was attached to your account automatically, depending on how much you paid more each month. [...]

15 Jun

The false debate of the G20 Finance Ministers

According to the feedback meetings Bosan, Korea, where the G20 finance ministers gathered, discussions have been remarkably “candid”. In non-diplomatic terms, they do not agree on what should be do and decided to fight. This is good news. The Europe and understandably, was on the defensive: its difficulties in terms of public debt and its [...]

03 Apr

Prepare the austerity in the West: the great challenge

In all major industrialized countries, we’ve all experienced this last decade over our means. This resulted in a swelling public debt partly caused by the excesses of the last decade, recovery plans, the financial crisis, military spending particularly in the United States and swelling of the matter is passive social.La not just the budget year. [...]

05 Sep

Bank capital ABC

Hybrid core capital, equity loans, equity securities, guarantee certificates, etc… – Banks’ capital and the many capital concepts are not always easy to keep track of. And it applies not only to bank customers and a private man. This applies also for economists, lawyers, and in some cases the banks themselves. Recently, the FSA thus [...]

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