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When Is the Best Time to Refinance Mortgage?

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*Article contributed by Sarah Williams.

Refinancing mortgage involves repaying a current loan and getting a new one as a replacement. Seeing as refinancing can cost around 3% to 6% of the loan principal, homeowners need to determine if it is a sensible economic move. Remember that as with the initial mortgage, it involves assessment, title inspection, and application expenses so you will need to consider those factors.

Not entirely convinced that refinancing your mortgage is the optimal financial step for you? Below are a few indications that this is the best time to refinance mortgage:

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A Short Money Lesson

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There are some rare weeks where we’re a bit too busy to make long and detailed articles. Thankfully, even short ones can contain valuable lessons that you shouldn’t miss, so here’s one from Prosperity: How to Attract It by O.S. Marden!

In a certain chapter of Marden’s book, he talked about the list of personal finance rules from New York’s Y.M.C.A., and it’s called the “Ten Commandments for a Young Man’s Financial Life”. Check them out here!

Ten Commandments for a Young Man’s Financial Life

  1. Work and Earn.
  2. Make a Budget.
  3. Record Your Expenditures.
  4. Have a Bank Account.
  5. Carry Life Insurance.
  6. Own Your Own Home.
  7. Make a Will.
  8. Pay Your Bills Promptly.
  9. Invest in Reliable Securities.
  10. Share with Others.

And there you have the very basics of good personal finance! This is a short lesson, but if you want more details on each of them, just click on the links above to learn more!

Greed at Fear (Kasakiman at Pagkatakot): Ang Dalawang Emosyon sa Pag-Invest

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English Version (Click Here)

“Be fearful when others are greedy, and greedy when others are fearful.” Matakot ka kapag nagiging sakim o mapagkamkam ang iba, at maging sakim o mapagkamkam ka kapag natatakot ang iba. Iyon ang sinabi ni Warren Buffett, ang chairman ng Berkshire Hathaway at siya ang isa sa pinakamahusay na investors sa buong mundo.

Paano mo magagamit ang payong iyon para maging mas mahusay sa pag-invest? Basahin mo muna ito!

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Foreign Currency Accounts for Expats: What to Consider When Finding One

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*Article contributed by Justin Rampono.

As an expat or a person who lives outside your native country temporarily for retirement vacation, work, or business, money should be accessible through the right banking arrangements. That’s why you need to choose the best foreign currency account from a trusted and reputable bank with a solid capital base, and one that complies with international regulations.

In this post, you’ll learn the important considerations when choosing a foreign currency account.

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