Did Bitcoin made the dollar obsolete? Will any new coin be a hero and a winner in the battle of a paper-digital money world? Preiscoin or OneCoin. Or what else? Who is responsible to answer these questions? Network marketing junkies continue to advise their friends to convert dollars into digital bits. It’s easy to answer why this advice is not fully adequate as it’s not logical. The Internet changed the entire life of people, but the way we bank is not new as it has not changed since the 15th century. And events like near-financial meltdown of 2008 or even Great Depression show us just how fragile the system is. If digital currency becomes a must-have, that it will mean than hundreds of years have already passed after XXI century.
Yearly Archives: 2016
Refinancing your home mortgage
You are probably aware that refinancing is a way to replace your old mortgage with a new one. It’s now becoming more and more popular among homeowners in terms of reducing their interest rates and even sometimes take cash out of their home equity. What are the main benefits of mortgage refinancing? The major one is reducing your interest rate. Imagine that you now pay 8% on your mortgage and there is a chance to refinance it at 5%. Why not save so much money? That’s simply one of the best ways to improve your financial situation reducing all other kinds of debts. What also can be changed during the refinancing, is terms of the mortgage. For example, if you decide to shorten the terms from 20 to 10 years, you’ll make your loan cheaper and will pay it off faster. Alternatively, you may stretch the terms and reduce your monthly payments. So, the either way has many positive sides.
