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Mortgage and Banking – Booming Trend That Can Help You During These Difficult Times

Mortgage and Banking – Booming Trend That Can Help You During These Difficult Times

Interest rates might be low right now, and the Feds make special adjustments from time to time out of desperation to keep the mortgage and banking industry on its feet. But at the end of the day, we know that these factors are just temporary solutions. It’s like a band aid. It only covers the sore that still exists. We know that for the mortgage industry to make a legitimate comeback, the real estate market has to make a legitimate comeback first. That’s how it works and has always worked. Anything different just means that it’s a stack of cards without a solid foundation, or like the foolish man that built his house upon the sand.

This drop in rates might be giving us some temporary business right now with refi’s, but it is really only giving us a false sense of hope because the real estate market might still be years away before it comes back.

The trends do not lie. Let’s look back over the last 30 years. I’m just pointing out the evidence that economic and banking trends go through cycles. We are currently in a downward trend without hope of any immediate change.

Our current trend might last another 5 years or so. We obviously don’t know exactly how long it will last. But I suggest you find some other way to make money in the meantime or you might as well try and squeeze blood out of a turnip. You just cannot make consistent money in the mortgage industry as easily as you can on the INTERNET with the same amount of effort.

Internet business is the booming trend right now. Get in on this booming trend at least until the real estate and mortgage industry come back.

Other people have done the same thing and it is working for them. I’m not suggesting you jump of a cliff just because everyone else is doing it. I’m just suggesting that if something is NOT working, why force it. Do something that works. Right now the Internet is where it’s at. Give it a shot.…

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5 Tips For Keeping Your Bank on Your Side and Supportive of Your Retail Business

5 Tips For Keeping Your Bank on Your Side and Supportive of Your Retail Business

Banks are vitally important for any retail business from day to day trading through to long term funding. A healthy banking relationship will be vitally important to keeping the retail business healthy.

Maintaining a good banking relationship can be a challenge for retailers. It takes attention to detail and hard work. Retailers can be often sidetracked in their business days and not remember to take of the banking relationship.

Here are five tips which can lead to a better banking relationship and thereby provide the business with protection against damage to the relationship.

Be on time. With trading figures, annual accounts and any other regular reports that you bank requires you to provide. Being on time will win a tick from them and ensure that you are not on their businesses to watch and be concerned about radar.

Send them your newsletter. If you have a customer newsletter, put your bank manager on the list. Treat them like a customer and through this help drive a better connection between their business and yours. Newsletters go on your file and give local branch employees something to show off if they are talking to more senior people in the bank about businesses they like.

Ask for regular meetings. You set the agenda for briefing sessions where you let the bank know how business is going and how you are leveraging your relationship with them. Even informal meetings are reflected in internal banking reports and these can strengthen your position with the bank.

Recommend the bank. If the bank is serving you well and you are happy, recommend them to others. Be honest in your recommendation, let your friends know why you like this bank and what they have done for you. Let the bank know when you do this as it helps them see you and your business in a broader light.

Invite bank employees in. If you are holding a sales or some other event, invite bank employees to participate. They could be good customers. They will also appreciate seeing the business first hand.

Treat the banking relationship as personal and one which needs to be nurtured each week. The better your communication the better the relationship. Be sure to set time aside for this in your work schedule and to include the bank wherever possible and practical.

The business outcome is flexibility when you need it and access for free advice at times of important business decisions.

Good banks appreciate good relationships with their retailer customers. You will find that they invest more time in businesses which invest time in them.…

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Top 5 Ways Banks Take Your Money

Top 5 Ways Banks Take Your Money

If you haven’t noticed, bank fees are going up every year. Just like any other service, you need to compare prices between your current bank and others out there.

Here are 5 ways that your bank may have its hand in your wallet today.

1. Overdraft Fees: The national average for an overdraft is now $28.35. Consider the fact that your bank may present that check several times before you realize that has bounced and this can quickly add up to a lot of money.

2. Credit cards:. Late fees and over-limit charges are already steep but could go higher. Legislation is being proposed that could limit these charges, but the feeling is that the banks will find another way around that. The point here is to pay your bill on time and not go over your limit.

3. Annual Fees: Many years ago it was quite common to pay an annual fee to use a credit card. During the credit boom, competition drove most of those away, but indications are that they may be coming back. Banks are allowed to start charging you an annual fee on a card that you already own as long as they notify you in writing, so make sure you read anything from your bank carefully.

4. ATM Fees: Fees to use an ATM continue to rise and if you use an ATM that is not owned by your bank, you may get charged by both your bank and by the other bank. If you have to use an ATM, take out enough cash to last awhile. Taking out $500 and getting charged $3 is not as painful as taking out $20 and getting charged $3.

5. Free Checking: Your Free Checking account may not be all that free anymore. If your bank doesn’t have zero monthly fees, no minimum balance, and no limit on the number of transactions you can have, it may be time to shop for a new bank.

While none of these fees seem to be all that significant on their own, they can add up to some real money over the course of a month or a year. Make sure you are always tracking these expenses and always remember that you always have options in finding a new bank if you don’t like the way you are being treated at your current bank.…

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Banks and the Competition For Your Money

Banks and the Competition For Your Money

Banks have become desperate for cash over the past year. One of the largest contributing factors is the roiling economy. Traditional banking institutions make a large majority of their revenue by loaning people money and then selling those loans to investors. They then use the cash from the loan sales to make new loans.

The system works perfectly as long as borrowers make their payments on time. Unfortunately, the current economic climate has decimated the ability of consumers and businesses to pay back their loans. That has placed banking institutions in a precarious position. Rising defaults have starved them of cash. The good news is that the competition for your dollars is heating up.

Why Your Dollars Are Popular

If you’ve been following annualized rates lately, you’ll have noticed that traditional, large banks have reduced the yields on their accounts to all-time lows. Meanwhile, smaller establishments have begun to increase their yields. One of the reasons for this dynamic is due to the recent federal bailouts. Large institutions have received infusions of cash while most smaller banks have not.

Because the small banking establishments have a great need for new money in order to compensate for the rise in loan defaults, they’re willing to offer higher yields in order to attract customers. In some cases, they’ve offered rates that exceed 4% on savings and checking accounts.

Possible Drags On High Yields

Before you open an account at the first bank that gives you a higher-than-average rate, you’ll need to do some research. There are several factors which can drag a high rate down – or at least make it less attractive. For example, some of the banking establishments that are offering high yields are financially unstable. If you’re depositing less than $250,000, your money will be guaranteed by the FDIC. If you intend to deposit more, you’ll need to consider its safety.

Also, be aware of fees. A lot of banks charge extra fees for transferring funds, allowing your balance to drop below a minimum, or even using your debit card. These charges add up and can make an otherwise attractive yield irrelevant. Finally, avoid putting your money into long-term vehicles for higher yields. In the current economic climate, a 5-year CD won’t provide a big enough jump in the rate to justify locking your cash in. You’re better off placing your funds in a 1-year CD or money market account.

As you would when buying a car, television, or computer, shop around and do some investigative work. With a little effort, you can enjoy much higher rates on savings and checking accounts than what large banking institutions offer.…

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Want To Make Your Career With Banks?

Want To Make Your Career With Banks?

With the ever increasing personal wealth of an individual, people are seeking the help of banks for keeping their money safe which leads to making a career in banking sector. If you are thinking that there is nothing you can do now because you do not have time then I think you need to think over it again as the technological advancement has lead to an increase in Online Banking Courses. With the help of this course you have good amount of time to study at home. These days there are number of colleges coming up with online courses in banking. Following are the list of few of the renowned colleges:

* American Bankers Association

* Keller Graduate School of Management of DeVry University

* Penn Foster Schools

* Post University – Online

* Columbia Southern University

* Harrison College – Online

* Bank Administration Institute

* Derivatives Institute Learning Center

* Digital University

* The Graduate School of Banking at the University of Wisconsin-Madison

So you can see here that when so many universities are providing these Online Banking Courses then there must be a scope for it. As Online Education is gaining popularity and as there are so many students all around the world enrolling for the course so this shows the increasing trend of this new type of education. Become a part of it and enjoy the benefit of the same. Banks really pay you a handsome amount of salary once you have sufficient experience in the sector so be ready and increase your job opportunity with this banking course.

Here are the career opportunities with Banking Courses, you can make your career in varied fields where you can get the good as well as reputed job:

Careers in Investment Banking

Careers in Taxation

Careers in Forensic Accounting

Careers in Financial Analysis

Careers in Banking

Mutual Fund Careers

Careers in Insurance

Career in Chartered Accountancy

Career in Cost and Work Accountancy

Company Secretary Career

Career in Capital Market

So up until now you might have gained sufficient knowledge related to Banking Courses, so what are you waiting for just go ahead and make a career in banking.…

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Radical Transformation of Businesses Through Banking Services

Radical Transformation of Businesses Through Banking Services

Economical conditions of the countries are shifting dramatically, posing new threats to the prevailing fiscal policies. Banks need to perform in a more balanced way without overburdening promising business sectors. Today, regional banks are operating in a more intricate environment to attract customers, innovate & develop new banking instruments to provide them with smooth mobile banking services. But mobile banking services are not only the best option to provide instead banks need more refined & calibrated approach for complete business infrastructure & operational support. Fortunately, banks are thinking globally and transforming & aligning their processes from manual to automate. This has empowered banking and financial institutions at much broader level, allowing them to develop new instruments that can bring change in the economical landscapes.

In fact, to radically transform prevailing trends of treasury management, wealth & private banking, retirement services, brokerage, loan, capital markets, institutional asset management, insurance and wealth & retirement administration, banks are changing their policies and providing elasticity to that. They are broadly focusing & dwelling on the major areas for comprehensive reforms such as:

1. Keeping abreast of the advanced innovations, creative nuances in payments technology

2. Assessing opportunities for the banking and financial services industry

3. Musing on mobile-social technology and media gyrations

4. Overcoming implementation challenges

5. Developing strategies for delivering fiscal innovations to market

Many banks however remain over-burdened by the mounting pressure of innovation and technology adoption. All they need is an integrated approach and sound software applications, which enhance their true capabilities and allow them to work more in a synergistic way. Moreover, these rising challenges and customer demands are collectively forcing banking and financial institutions to balance the need for better advanced technologies, which result in cost reduction. This will anticipate improvements in business efficiency and customer satisfaction.

Banks also extend their help for businesses to lease technology-based equipment, and expand their business horizon with additional resources and other commercial equipment in a tax-effective way. Moreover, banks want businesses to become responsive to change and embrace newly emerging opportunities offered by them, this is why they are busy in developing exact solutions to meet business objectives. Some of the adroit (banking technology based) solutions are listed below:

1. Improved cash position through a reduction of manual transactions

2. Improved planning with integrated & consolidated reporting solutions

3. Enhanced business predictability

Banks are also grabbing award-winning integrated applications (banking and finance) to empower themselves and provide superior business-friendly, mission-centric and object-oriented solutions to businesses, which can result in full flexibility and visibility. In this way they can help businesses to grow profitably by optimizing their core resources. Whether your business is growing or not, you can reduce the time you spend on your financial administration, management and transactions with the help of banking and financial institutions.…

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How to Offshore Business and Safeguard Assets

How to Offshore Business and Safeguard Assets

Did you know that you can offshore a company to places like Dominica which specialize in offshore banking as well as IBC’s which is International Business Company. An IBC is a company that is exempt from paying the taxes of the country in which it resides. This means reduced operating costs for the company in question. This also means you can conceal your identity if you are the owner of the said company. Hence there are a variety of benefits to off-shoring to remote locations. Dominica is an enchanting island off the Caribbean and is home to one of the largest industries which hosts the off-shored companies. The only condition that you need to follow while off-shoring a company is that business is not allowed to be carried on with the host nation. Other than the yearly payment of registration fees, usually the companies can be run with little to no overhead or tax. However, countries like Seychelles and a few others have put a stop to this under the international pressure that has been exerted on them and they now

The primary reason people sometimes prefer to bank overseas is to increase the security of their assets and insulate them from economic collapse and unfortunate events which may otherwise harm the money which is kept for safeguarding in the home country. For example, in the event of a war or civil unrest, investors may lose money since banks in their country are under the control of governments and accounts could be seized thus leading too problems.

To start a International Business company or an off-shored company, one needs a company director and the shareholder to sign the registration documents. However, the shareholder is allowed to be the director and vice versa. Hence the company can essentially be run by a single person who is in charge of it. Also you will be eligible for an offshore bank account which can be accessed from the internet once the IBC has been opened. To run the IBC in Dominica it is enough if the company has a registered office with agent who is also registered. Moderate maintenance fees will also be required but this is a negligible amount.

You should not wonder how you will be able to operate an account that is located all the way in remote Dominica. For this reason, it is extremely easy to access the account even through the internet through a secure server. Another good reason to bank offshore is the privacy you get. Under certain laws, your financial information is under the safe hands of a private entity who will release them under no condition. None of the information is available to public eyes anywhere as it is against the law to release information regarding the bank’s clients who are usually the owners of the IBC.

Once you have started the IBC and have a bank account in the company’s name you can rest easy knowing that you money will be safe. Even corporate entities can make use of this arrangement for asset security purposes. In addition to this, since Dominica is an English speaking nation, you will face no hassles while operating in various offshore business facilities and you can also trade in any currency for your convenience with transfers being cleared in short duration While off-shoring banking to Dominica you will experience efficiency due to the expertise Dominican banks have in handling international accounts.…

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M&A Jobs – A Wealth of Opportunity Awaits You in Corporate M&A

M&A Jobs – A Wealth of Opportunity Awaits You in Corporate M&A

Envision yourself sitting across the desk from Steve Jobs and being asked to justify your latest strategic acquisition in the touchscreen space. It may seem like a dream job but it is not outside of the realm of possibility. In a fierce battle with Google, Apple is picking up the pace of its acquisitions. Last year, Apple brought in its first dedicated M&A person, Goldman Sachs’ Adrian Perica. Other acquisitive mobile players include Nokia and Rim.

Young investment bankers often overlook opportunities in corporate M&A. As investment banks gear up for a more aggressive hiring season corporate M&A can provide invaluable experience. As recent news reports confirm, investment banks are first hiring back seasoned Wall Street deal makers who can immediately add value. You may lose out on a job due to their experience but why not work with these seasoned pros on the other side of the deal?

Corporate M&A jobs provide an opportunity to work with experienced investment bankers but rather than court them for jobs they will be chasing after your business. They are more likely to view and treat you as a colleague sitting across from them in a board room – even if you are just taking notes for your boss — than the summer underling doing the grunt work on deals.

Following the recession, many companies have hit a limit in terms of organic growth, having rationalized operations through cost cutting and efficiency improvements. They are lean and seeking growth opportunities through acquisitions. Corporate finance departments provide a vast wealth of experience. You may find yourself negotiating the terms of loans with commercial banks, working on securities offerings and acquiring and divesting businesses.

The working culture in an Apple or Google, or any progressive workplace today, will be remarkably different from the long shifts put in at investment banks. Google will even allow you to work on your own projects, for a small percentage of your time, although if it is not related to helping the search giant finance its next play, your tenure may be shortened.

The average deal size is smaller but more are getting done, which is why corporate finance departments need you. Do not eschew entry level positions. Research assistants and analysts positions are open. There is unlimited potential to tap into the growing M&A market. In the first quarter of 2010, $16 billion in deals were sitting in the M&A pipeline, according to PriceWaterhouse, representing 344 deals versus 21 at the same time the year before.

Consider starting your search in the technology sector, which is the most active M&A sector today. It could be a lot of fun. Cloud computing, mobile, gaming and virtualization technologies are being swallowed up. The resource sector is also active. Do not overlook financial services. Stocked full of M&A experts from Wall Street and well positioned to capitalize from an M&A boom, boutique banks are acquiring boutique banks. In your search for a corporate M&A position, you may land your dream job in investing banking after all.…

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Why Real Estate Land is Valuable to People?

Why Real Estate Land is Valuable to People?

Land is land and if you get it cheap, it usually can do nothing but rise in value. Some of the biggest bargains around today are in raw land.

The major reason why land is valuable to people is:

Land is limited-availability commodity because there is only a certain amount of land available and there is growing demand for land almost everywhere.

Whenever you have a situation in which there is only a limited amount of a commodity available, and a growing demand for this commodity (such as land), the price of that commodity will rise. And the longer such a commodity is held, the higher (in general) its price will rise. So you can’t lose on raw-land investments if you:

o Pick your land carefully, after youo Analyze the direction of development,o Study the speed of development, ando Wheel and deal for the lowest price.

Towns and cities usually grow in population as time passes. This growing population needs space-that is, land. To satisfy the demand for more space, almost all communities expand horizontally. To expand horizontally, or on the flat, land must be developed, that is, subdivided into:

o Lots, witho Access roads ando Side streets, havingo Sewers, ando Water supply, ando Electricity

If you can predict the probable direction of horizontal expansion of a town or city, you can make big profits by:

o Buying raw land in the path of the community growtho Holding the land until the growth reaches youo Selling out to developers at a suitable price

Or you can, if you wish:

o Hold onto the land, instead of selling ito Develop the land yourselfo Sell the developed raw land to builderso Go into the construction business and build houses or other structures on your developed land

Thus, you can see that your potential is almost unlimited – if you buy in the direction of growth.…

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Optimum Tips for Safe Internet Banking

Optimum Tips for Safe Internet Banking

As technology progresses, ways of banking has also advanced along with it, gradually. And now each and every bank provides Internet banking service to its customers. Since the inception of Internet banking service, anyone with a bank account in any bank can access his account online via his bank’s website. In fact, nowadays people love to use internet banking more often, as it saves their time, and they do not need to depend on banking professionals for services such as funds transfer, account statement, check book request, demand draft, etc. However, as the trend of internet banking is growing day by day, the risks involved in using it is also surging at good speed. But you don’t need to worry if you too uses online banking service, as this article will tell you about the secret and safe internet banking tips.

Internet Banking URL or web address: Each and every bank uses HTTPS in the beginning of its internet banking URL. This HTTPS means Hyper Text Transfer Protocol Secure, which ensures that you are on the authentic website, for example; “https://”

Unsolicited emails: Any bank in the world never sends an email to his customers asking them to log in to their respective bank accounts to change their password using the link mentioned in the email itself. So plays stay away from that kind of emails to be on the safer side, in fact mark those emails as spam, and you can also report it to your local police department or FBI.

User ID and Password: Never share your internet banking USER ID and PASSWORD with anyone be it your best friend, your spouse, girl friend, or even kids. Additionally, change your password at regular intervals, and always use alpha numeric password with special keys as well.

Never access from cyber caf?� or public PCs: You should avoid access internet banking from cyber caf?� or public PCs, as you never know if they contain spyware and key logger, which are used by hackers to steal the information from computers and note down your keystrokes.

Use antivirus software: Always keep your system clean from virus, spyware, malware, and key logger. For this, you must use the best antivirus protection software only, as it will have various latest features like internet security to keep you safe from such threats.

You might think that these tips are very general and you already know all of them, but on many occasions, it has been found that people forget these necessary tips and end up losing their money to hackers.…