Archive for January, 2011

Do You Know How Much Your Home is Worth?

Posted by Aaron Myers On January - 30 - 2011 0 Comment

Refinancing today is a lot more about asking, “can I…” rather than “should I…” This is primarily because of housing prices around the country, which have made it virtually impossible for homeowners to take advantage of today’s low rates. So, let me ask you again, do you know how much your home is worth?

Since housing prices maxed out in the summer, they have fallen about 3% across the country. Current reports say that they are going to drop even further before this summer. If you’ve been waiting in the refinance line for more than a month, you may want to have another look at this important stat. Otherwise, you may find that when you go to close, you’ll be surprised.

Having a professional appraisal done is definitely the most accurate way to keep track of your home’s value, but it is also the most expensive. Many online service

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Real Estate and the Small-Scale Investor: Is It Right for You?

Posted by Brittany Kelly On January - 28 - 2011 0 Comment

Owning a home is one thing; many people often daydream about building their own real estate empire one day. However, just like blue cheese, real estate investing might not be the right choice for all small-scale investors.

Are you aware of the gravity of the investment?

A real estate investment requires serious commitment. You need to abide by basic business principles whether you want to deal in houses or apartments. Real estate is one avenue where the need to recoup your initial investment and thereafter make a profit is more greatly emphasized than other investments.

If you aim to sell, you have to get more than what it cost to buy and fix up the property. If you aim to rent, the income from rental should subsidize a generous portion of the mortgage.

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Pros and Cons of Paying Your Bills with Credit Cards

Posted by Tyler Cox On January - 27 - 2011 0 Comment

Paying your bills with credit cards can be a convenient way to stay on top of what you owe. In most cases you can even increase your cash-back earnings on your rewards cards with your bill payments. Before you link your credit card account to all your utility bills, though, be sure to consider the pros and cons of paying your bills with credit cards.

Pros of Paying Bills with Credit Cards

Consider these benefits of paying your bills with your credit card

Automatic payments give you fewer bills to fill out each month. This can be great if you travel a lot or just have a lot of other things to juggle in life.

Avoid worrying about services being turned off or interrupted coverage since you’ll never miss a payment.

Paying online can be quicker and easier than filling out a paper bill and putting it into the mail.

Rewards points can add up faster when you put your utility bills on your credit card.

Cons of Paying Bills with Credit Cards

While putting bills on plastic can be rewarding, there are also certain risks to consider

Autopay gives your credit card information or bank account info to the company issuing your bill.

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The Truth about No-Cost Refinancing

Posted by Aaron Myers On January - 26 - 2011 0 Comment

Honestly addressing mortgage related issues is an attitude I’ve always tried to maintain. So, rather than talk one-sidedly on the topic of no-cost mortgages, I’ll let the facts tell the story:

1.      Higher Interest Rates

The interest rate of a no-cost mortgage is typically between 0.25 and 0.5% higher than comparable loans where fees are paid up front. Because you aren’t paying up front, there may be more fees required and your lender will have to pay them. The higher rate ensures that the lender gets the overall benefit from the transaction.

2.      No-Cost Mortgage Types

A no cost mortgage can come in a variety of types. Usually either the lender or third party fees are covered by the lender. In some cases both are covered by your lender and then added into your interest rate and/or overall loan balance. In almost all c

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Has Life Got Harder for Expats Living in Dubai?

Posted by Aaron Myers On January - 25 - 2011 0 Comment

Since Dubai’s economic bubble spectacularly burst, many elements of life in the emirate appear to have changed.  International and media perspectives relating to Dubai have certainly changed, along with local sentiment towards foreign nationals apparently.  Everything from the property economy to the quality of life in Dubai appears to have diminished…

But is this a true reflection of what life’s like for expats still living and working in the emirate?  Following the local police chief’s seemingly barbed remarks against the expatriate community in Dubai earlier this month, we thought we’d get in touch with a few expat readers living in the UAE and ask them whether life has got harder for them since it’s been all change in Dubai.

It seems that there has been more of a reality check than a clear and universal degradation of living and working conditions for Western expats, and that those who are employed in Dubai can still enjoy many of the trappings long associated with life in this affluent part of the world.  It’s also true that elements of life have become harder for certain expatriate groups.  If you’re thinking about going to live and work in Dubai, read on to discover what you can now expect.

Where once living in Dubai as an expat meant a tax-free, wealthy lifestyle where you were surrounded by affluence and excess, today’s Dubai offers a very much more modest environment for expats – although ‘modest’ in Dubai terms is certainly relative!

Dubai is still home to the biggest, greatest, tallest, most expensive, blah, blah, blah – but much less is made of Dubai’s superlative boasts because the world has seen its economy falter, read about its offshore islands sinking and heard about the local backlash against foreigner behaviour. 

Now Dubai is an emirate approached with a little more trepidation, and perhaps appreciated with a little more respect by many.

Earlier this month much was made of the Chief of Police’s comments about a need to place a cap and curb on foreign workers entering Dubai – many have labelled his comments racist, but on speaking to one expatriate, we were told that actually, he has a point.

“Dubai’s local population only makes up something like 15% of the total in the emirate – that’s just wrong.  Whilst there are those bitching and moaning and saying that Dubai wouldn’t ever have achieved anything without its massive foreign workforce, I do see that mass immigration has caused real problems in Dubai.

“On the one hand you cannot deny that without the often mistreated Asian community doing all the hard labour and menial jobs, and without the Westerners doing many of the professional and managerial jobs, Dubai would never have expanded and advanced so rapidly and so successfully.  But on the other hand, it’s a fact that the locals are uncomfortable being in the minority, and that’s just not fair or right.

“I don’t know why anyone’s surprised that local Emiratis are uncomfortable with their immigrant heavy population.  I for one am not surprised that there has been a tightening up on the enforcement of local laws and moral standards and that expats have been caught out by this.

“Back in the heyday it was almost as if any foreigner who came here thought they could behave as though Dubai was a debauched playground.  Those who were earning the big money thought they could act like playboys and girls and get away with it.  Thankfully that has changed and I for one think that’s a good thing.

“To directly answer the question posed, my life hasn’t got harder in Dubai – but life for those who took the emirate for granted or who believed in the fairytale and lived their life on the edge of their financial abilities have really suffered.”

Looking at some facts to get a feel for how life has changed in Dubai: – there are certainly fewer jobs in Dubai than there were just a couple of years ago as the real estate economy has faltered for example, some companies have withdrawn local presence or gone out of business and because the overall economy just cannot sustain expansion. 

Properties have apparently fallen in price by 60% from their peak, with many stating that they have about another 10% to fall before they reach realistic values. 

We know that expats have been imprisoned for everything from falling behind on finance repayments to having sex outside marriage, and that there are properties lying empty and abandoned, as well as cars on finance that have been dumped at airports as those expats who fell foul of Dubai’s collapse made a hasty exit from the emirate.

However, according to our research we know that many expats still live and work quite happily in Dubai.  They still enjoy the vast shopping malls and excellent restaurants, they can access world-class entertainment, benefit from fantastic weather and enjoy tax-free salaries. 

They can live in fabulous homes, employ staff, have their children well educated at high standard schools and colleges, and basically enjoy every element of life that they once enjoyed without restriction – as long as they continue to be wealthy and stay on the right side of well-documented laws.

Summing it up for us, one expat reader stated: “Other than seeing a few of my friends leave Dubai following redundancies, my life hasn’t altered one bit.  My job’s relatively safe, my salary hasn’t been cut, I still own my own home and drive a nice car.

“I do all the same things I always did from socialising with friends and colleagues at work during the week, to going to the cinema, shopping and lazing around at the weekend.  I’m earning more than I could anywhere else and making the most of that by putting a lot of it away in case my circumstances ever change.

“I know that others have suffered.  I know people who have had to leave very fast and who can never return because of the financial difficulties they got into and couldn’t get out of, and that’s really sad.  I know that there are Indian workers suffering because they’ve got no money to get home to their families because of the collapse in the building industry, and I also know some people who are really fed up with life in Dubai.

“But at the same time, many expats have never had it so good.  Dubai’s not going anywhere, it will recover, and if you’re in now you can make hay and make the most of the fact it’s not so over crowded and out of control any more! 

“We all know how we should behave, those who forget the rules probably deserve to be reminded of them.  Yes, the laws are different to our own back in the UK and the punishments seem harsher, but really, you don’t have to curb your lifestyle to stay on the right side of the law in Dubai.”

Whether life is now harder for expats living and working in Dubai seems to depend on how badly impacted they were when the economy imploded.  Those who retain work can maintain their good lifestyle – others who have not been so lucky have of course fallen out of love with the emirate.

If you’re thinking about living and working in Dubai we would urge you to visit first and make a decision based on what you see and feel once you’re in-country.  Remember that you’re a guest in the country at all times – familiarise yourself with customs, traditions, laws and moral rules and be ultimately respectful. 

You can get a lot out of the emirate, but don’t treat the country or its citizens with disrespect and expect them to welcome you.  You’re not in the State because it doesn’t have local skilled workers of its own, you’re in Dubai because it just doesn’t have enough skilled workers because its population is smaller than its expansion and development aspirations.  If expats and Emiratis accept this fact, the entire multinational population with thrive.

Tags: Dubai

How To Withdraw Money From Paypal To Malaysia Banks Account

Posted by Tyler Cox On January - 24 - 2011 0 Comment

We have received several email from malaysian readers questioning about if they could withdraw money from paypal directly into their malaysia banking account?

The fact is that Paypal does have ability for us to withdraw money from paypal using debit cards long time ago. But until recently, there is some changed from paypal where they are now allowing Malaysian to withdraw from paypal to our banks account in Malaysia without using the card. This is really a good news.

For those who’s are doing online marketing or e-commerce and receive credit card payment from online using paypal, you should now learn how to withdraw money from paypal to bank accounts instead of to your card. there are actually some benefits of doing this.

Paypal Withdrawal – To Banks Account in Malaysia vs Card

The best things is that if you withdraw RM400 or more from your paypal to banks account in Malaysia, the transaction fee is nothing, its FREE. If yo

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Direct Express Debit MasterCard

Posted by Tyler Cox On January - 21 - 2011 0 Comment

If you’re tired of having to wait for your paper benefits check in the mail, listen up! The U.S. Department of Treasury announced waiting for those paper checks are soon to be a thing of the past. The Treasury will now provide all federal benefits through a prepaid “Direct Express” Debit MasterCard. This also goes for the 8 million of you receiving Social Security Disability Insurance benefits. This scheme is projected to save Saving Social Security, and ultimately the taxpayer, $1 billion over the next decade with the absence of paper costs. You can also choose a direct deposit option to your checking account. Either way you go, you don’t have to choose until March 1, 2013.