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Digital Currency - Cashless Society and Future of Money

By Ken
  What can replace cash? Due to lots of innovation in this 21st century, nothing seems impossible around the globe. Reality is in front of us, as money will strip off its tangibility and cryptocurrency will appear out as individual units for virtual exchange. This requirement can be fulfilled with the help of Internet, iPhone or any Android-Gadget. Cashless transactions are practiced globally. Various countries like India, Sweden, and Belgium etc... have taken a back step from paper currency. Sweden has an objective to become the first country in terms of cashless economy. Two years ago, demonetization took place in India and most of the population in Belgium does their payment through cards or mobile phone apps. Even, there is a creation of law to limit the cash transactions up to a certain amount. The capability of digital currency Exchange There is a great opportunity for everyone to invest in tokens. The waves related to Cryptocurrency may give an allowance to receive the tokens w
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Refinance Home Mortgage - Pros & Cons

By Olivia Brown


Most of us take major decisions regarding our personal finance without knowing the results. But this is not really a wise idea.  You should be very careful while going to manage your money. Today, I shall tell you about the benefits as well as drawbacks of refinance home mortgage.

A Refinance Home Loan is a loan which is different from the original Home loan. You can opt for home refinancing, when you want to pay-off your home purchase-money loan i.e; original loan.  Sometimes it's beneficial when the mortgage rates are low enough, but not all time. Have a look :

Refinance - Advantages : -

  • The first and the most important advantage of refinancing your home is  shorter monthly payment. You have to pay really lesser and monthly cash flow to you is large.
  • You can take the opportunity to lessen the term of your refinance home loan by paying at a higher rate.
  • You may go for an investment at a higher rate of return than the present rate with the cash in your hand. So....make the most out of it.


Refinance - Drawbacks : -

  • Check out the amount you are paying for getting the loan. Try Mortgage Calculator and it will help you to understand whether the refinancing is truely fruitful for you.
  • Sometimes, you may be attracted by the low mortgage rates. But remember...there are many examples of providing very low rates initially. As the time goes, it increases rapidly.
  • Avoid all the possibilities of becoming a serial refinancer. It will reduce your risks.

Refinancing is neither an excellent idea, nor a risk always. You should choose your Refinance Home Mortgage scheme only affter evaluating your financial position properly.
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