Refinance or not

Jun 14th, 2009 | Refinancing | 1 Comment

Refinance or not. This is the question. While refinancing may ever seem the best options when we the pressure of the montly payments falls over us, you should be aware that in some cases refinancing may be against your interest and may be not worth the costs. If you have reached this page, you may be consirering if you should refinance or not. Here you have four points where your refinancing plan may be not as good at it seems at the first glance.

  • If you have been paying a loan for many years, for instance more than 10 in a 30-year mortgage, refincancing may not be recommented since it’s going to increase the global cost of your loan.
  • If you’ve missed payments, or you don’t have a good payment history, probably you won’t get a good refinancing rate to make refinancing worth it.
  • To get the best conditions, you’ll need to keep your borrowing to less than 80% of your home value. So, maybe refinancing is not worth it when when you have already borrowed more than 80% of your home value. Consider this when you are thinking in refinancing or not.
  • Do you have a spending problem? While asking for some extra cash during a refinancing to pay daily debts is a common procedure nowadays, it may be a fatal mistake. Your short-term loan is turning a long-term one. If you face this situation refinancing may act against your interest in the long run.

Getting started in Domain Investing

Jun 1st, 2009 | Investing online | 1 Comment

While a long time of skepcisism, Mainstream media has finally discovered the domain industry. And while the main interest grows around domain names, it seems like a perfect time to invest, or continue investing, in this relatively new market.

If you are new to domain names, you first need to understand what makes a domain name valuable, this will definitely save you a lot of money in the long run. Domaining is about buying domain names that could become valuable in the future and marketing them to make them attractive to potential users. Without doubt is one of the markets that still can reward you with an almost incredible return on investment if you are good enough.

Some key factors that matter when you think to put your money in a particular niche or domain name are ease of retention, commerce potential, length, extension value, and avoidance of numbers and hyphens… But it’s not just size and extension that matters. And we will write about this soon at blog finances.

Once you have learned this very first lesson, you can start creating your portfolio, and to do this I would recommend you to visit our past article Investing in domain names, that will show you some ways to enter the domain business without leaving too much money in the chance.