Retirement Planning Calculator  Click Here
Casinos Deutschland
options trading

Are You Looking for Financial Advisor? [ May 7th, 2012 ] | 279 views | Leave a Comment

Looking for a good financial advisor can be very difficult. If you are interested to find a financial advisor to help you in financial planning, it’s advisable to look for a well-known financial services firm.

financial_advisor

With the increasing customer demand, there are a lot of firms offering financial advisor jobs to those who are professional and entrepreneur these days. Apparently, they are not only offers a professional career path, but also provide an entrepreneurial opportunity.

If you have good financial planning then it will allow you to earn well above the average. Needless to say, financial advisor service is one of the fastest growing services sectors which offering the most attractive compensation if compared to other jobs. The reason is it can provides a wide array of opportunities, including wealth management, risk management, investment planning, retirement planning, and many other finance related services.

Read More …

Leave a Comment | Posted in » Other

How to Calculate Loan Interest Monthly Rest and Daily Rest?

If you have purchased house before then you may hear that the home loan is calculated on monthly rest and another is on daily rest. But, nowadays most banks calculate your mortgage interest based on daily rest. Have you even heard people saying that daily rest loans are more cheaper? If you do not know what this means, then you really need to understand how it works.

Monthly Rest vs Daily Rest Interest

Here are my brief explanations.

i) Monthly Rest

Your loan interest for the current month will be calculated based on the previous month’s outstanding balance (which consists of principal and interest not paid, if any).

The Advantage of Monthly Rest

You do not have to worry about making installments at a certain date, as long as the payment comes in before month end.

Example: For a RM100,000 loan at 4.05% interest per year, monthly rest for a 30 years loan. The monthly installment is RM481, paid on the 20th of the month.

Month 1
Outstanding loan amount: RM100,000
Interest charged: RM481
Monthly capital repaid: RM481- RM337.5 = RM143.50
Outstanding loan at month end: RM100,000 - RM143.50 = RM99,856.5

Read More …

July 16th, 2010 | Posted in » Finance Tips | 3 Comments | 5,901 views