Mortgage Calculator

Mortgage Calculator – Before taking a loan from a bank or any financial institutions we always think twice and we will engaged in calculation of repayment, EMI, interests, taxes etc. It is easy to calculate for few peoples and most of the peoples are getting tension over that. They don’t have exact information about their loans repayment or EMI. Extra principal mortgage calculator –  If you are going to take any kind of loans like Home loans, personnel loans or whatever you should know the tax rates and repayment. In this kind of particular cases Mortgage Calculators will takes main role to calculate the taxes and EMI.

Loan Calculator – This is the right place for you to know about Mortgage Calculator. You don’t need to worry about that, we will give you all king of Mortgage Calculators information, national and internal also. Mortgage calculator will estimate the tax benefit of buying home or anything. Input your loan parameters and the month you purchased the home. Your itemized deductions including your mortgage deductions will be compared to your standard deduction to calculate the tax benefit of purchasing your home. A particular loan is secured by property is called a mortgage. Calculation of this mortgage is mortgage calculator. In exchange of funds received by the home buyer to buy property, a lender gets the promise to that buyer to pay back the funds within a particular time frame for a particular cost. The borrower’s has procession of the property, but lender is the one who owns it until it is completely paid off.

Amortization Calculator, Mortgage Calculator, Loan Calculator, Mortgage Payment Calculator,Mortgage Loan Calculator,Home Loan Calculator, 30 year mortgage rates

Mortgage Payment Calculator

Mortgage calculators or mortgage payment calculator are the automated tools which helpful to users to determine the financial implications of changes in one or more variables in a mortgage financing arrangement. Most of the customers will use mortgage calculators to determine their monthly repayments or EMI. Loan principal, balance, periodic compound interest rate, number of payments per year, total number of payments and regular payment amount are the major variables in a mortgage calculation. Mortgage calculation is capable to be found on financial handheld calculators like HP-12C or Texas Instrumentals TI BA II Plus. While purchasing or buying a new home or property, buyers always choose to finance through mortgage. Mortgage is the process to get a loan and mortgage calculator is to calculate the repayment of that loan. Most of the mortgage calculators are used to find the answers such questions as follows:

  • Amar borrows $2,50,000 at a 8% annual interest and pays the loan back over 25 years, with $ 2500 annual property tax payment, $1200 annual property insurance cost and 0.5% annual private mortgage insurance payment, then what will be the monthly payment?

Any potential borrowers can use an online mortgage calculator to see how much property he / she can afford. A lender can compare the person’s total monthly income and monthly debt load. Mortgage calculator will help you to add up all income and compare this to all monthly debt payments. It is also strong factor in a potential mortgage payment and other associated housing costs. But the mortgage calculator will not include cost like as maintenance costs, landlord insurance, and refurbishment also other taxes like property management costs, service fees, etc.

Mortgage calculators use in following factors:

  • Adjustable rate mortgage – To find out much monthly mortgage payments might be with an adjustable rate mortgage.
  • Fixed rate mortgage – To find out how much monthly mortgage payments might be with a fixed rate mortgage.
  • Fixed or adjustable rate – Understand the financial differences the fixed and adjustable rate mortgage.
  • Closing costs – You can estimates your closing cost.
  • 15 or 30 years term – You can learn how a different term effects your mortgage payment and overall cost of the loan.
  • Is I better off refinancing – You can find out, if you will benefit from refinancing.
  • Extra payments – You can learn how advantageous extra monthly mortgage payments might be.
  • Mortgage insurance – You can easily understand how possibly reduce mortgage insurance.
  • Down payments – You can easily do a research that, how much of a down payment you should consider.
  • Refinancing costs – You can easily know that what is your refinancing costs might be.

Payment Calculator

Adjustable Interest Rates – Since 2002 adjustable rate mortgages are available and around the world but within two or three years the calculations became complicated. Lending become more creative which complicated the calculations. Subprime lending and creative loans such as the ‘pick a payment’, ‘pay option ‘and hybrid’ loans brought on new era of mortgage calculations. Payment calculator or Number of creative things where added on this mortgage calculator, so that peoples can easily make their repayment calculations. By the late 2000, Great Recession brought an end to many creative things like ‘pick-a-payment’ on this mortgage calculator. This method was helped to reduce the more completed calculations that went along with these mortgages.

Amortization Calculator

Mortgage Analyzer – Since Financial crisis of 2007-08, it was a recent trend that was founded many individual bad mortgage decisions on residential borrowing; due to using of old tools in that calculator. A new generation of mortgage calculation tools has been emerged. They are better equipped to estimate the long-term cost and financial risk of various types of mortgages. By using new tools and techniques “Mortgage analyzers” became more popular than “mortgage calculator”.  Adjustable rate mortgages analysis is the main advantages of that, where the potential cost and amount owing on the mortgage are estimated under thousands, sometimes it will reach millions of peoples future mortgages rate scenarios are estimated. Conventional mortgage calculators are capable of handling just a handful of scenarios.

Repaying a Mortgage – The mortgages are usually paid back to bank or financial institutions in the form of monthly payments which includes interest and a principle amount. Mortgage repayment calculator will tell you the exact EMI amount which you have to pay to bank for taking loan. The principal amount is repayment of the original amount borrowed, which reduces the balances. The interest is in other hand, it is the cost of borrowing the principal amount for the past month. Commonly a monthly mortgage payment or EMI includes taxes, interests, insurance and the basic principle amount. Commonly the taxes are remitted to local governments as a percentage of the value of the property. These tax amounts can vary based on where the borrower lives and these are commonly reassessed on an annual basis. The lenders are protected by property mortgage insurance (PMI) from loss incurred if a borrower defaults, whereas hazard insurance protects both the borrower and the lender from property loses. Property mortgage insurance will not required, in case you will put 20% or more down on your home. As long as you will not behind on payments, PMI payments are automatically terminated when either you are at the midway point of your loan in time or when the loan-to-value reaches 78%. You may also give request to cancellation when you LTV reach 80%.

Mortgage Rates Today

Do you know how to applying for a Mortgage? The Steps Involved

Mortgage rates today –  Everyone will feel that, the process of applying for a loan will be stressful. The first thing a borrower should do before going to their bank is to take a copy of their credit reports and check it for any errors. If there is any incorrect information will found, it needs to be disputed as outstanding issues can cause a mortgage application to be rejected or lenders may charge higher charges. The borrowers must know that, what kind of home or property is desired, what their budget affords? How much they quality for? These constraints will determine the mortgage types and terms. The borrower is charged a fee for the appraisal service and usually included in the closing costs. Once the mortgage application will get complete, the borrower will be asking you for a considerable amount of information. That’s why the borrowers should be prepare to give the lender the following information’s:

  • Bank information’s like account numbers, address, name and three months of bank statements.
  • Tax returns and balance sheets for the self-employed.
  • W-2s, pay stubs, proof of employment and two years worth of income.
  • Three months of investment statements.
  • Debt currently owed, including amount due and account numbers.

Current mortgage rates – Once your application is completed, the lender will review the application and decide whether we should give approve or not. If it is approved, the last step or process will be meeting in which documentation is completed and deal is closed. In case if it is rejected or denied, the prospective borrower should talk to the lender in order to devise a plan and find out why the application was rejected or denied. By rules and regulations, the prospective borrower should receive a disclosure statement from the lender in writing that states why the application was turned down.

Current mortgage calculator

Employment History and Your source of Income – You have the ability to pay is one of the primary decisions in considering a loan application to get approval. The information would be like employment history and income statement must be submitted. The other information as follows :

  • Employer’s name, address, time on the job, job title, average overtime, salary, bonuses and students may be required to provide transcripts.
  • In case you are self employed, financial statements for two years and all tax forms must be provided, including a profit and loss statement for the current financial year.
  • Two years of W-2 forms and most recent paycheck stubs.
  • If case if there are gaps in employment history, there must be a written explanation.
  • Verification of Employment form may be sent to the current employer.

Mortgage loan calculator

 Closing – Closing process is the last step in for applying mortgage. All the parties signatures, the necessary papers and officially seal and deal. The full ownership of the property will transfer to the buyer, so the closing date makes for a great opportunity to make any necessary changes al the last minute. These procedures are may changes by state-to-state, but most of the states the following people are present at the closing time:

  • The borrower’s and the Lender’s attorneys.
  • A closing agent that may work for the lender.
  • Title company representative.
  • Seller of the home.
  • Real estate agent for the seller.
  • The borrower (also known as mortgagor)
  • The lender (also known as mortgagee)

The borrower is required to sign number of documents at closing time. Followings are the description of those documents which are need on that procedure.

  • The HUD-1 settlement itemizers the services by the lender that is related to the loan and charges both the sellers and the buyer. This is required by federal law.
  • The one selling property must bring the deed with them to the closing. It must be signed and notarized so that the lender can have deed filed at the country Deed Registrar since it is public record.
  • The statement that will gives you the actual rate of interest, APR, fees and other costs is the Truth-In-Lending statement.
  • The mortgage note is must be signed. Because it the buyers promise to pay according to the terms. These items will including payment dates, amount and where the payments should be remitted to.

Types of Mortgages 

Before knowing the mortgage calculators, just have look towards mortgage. We will tell you the types of mortgage which are used in previous times and which are using in current times. Through this knowledge you will come to know that what kind of mortgage procedure or type is suitable for your property loans. The mortgage calculations are based on your property loans. Comparing 30 years and 15 years Fixed Home Loans to ARMs or 30 year mortgage rates : Whenever the property owner approaches the lender and they begin the process of filling out the mortgage loan application, it is a very good idea to know what types of mortgages are available and what are the advantages and disadvantages each of them. Bu knowing the advantages and disadvantages you will able to know that what kind of mortgage is suits to you.

Fixed Rate Mortgages

Home loan calculator – In this particular mortgage, the interest rate remains the same throughout the entire life of the loan is a fixed rate mortgage. These mortgages are the most popular in every community. It representing over 75% o all home loans. They commonly come in terms of 30, 15 or 10 years with the 30 year option being the most popular all over the world. Usually the 30 years option is the popular and 15 years will build equity much faster. The highest advantage of having a fixed rate is that, the homeowner knows the exactly when the interest and principal payment will be for the length of the loan. It will allows the property owner to make budget easier because they know that the interest rate will never change for the entire duration of the loan.

Home payment calculator – Even, Not only are fixed rate mortgages the most popular of home loans, but they are also the most imaginable. The rate that is agreed upon in the beginning is the rate that will be charged for the entire life of the note. The homeowner can budget because the monthly payments remain the same throughout the entire length of the loan. So, it is very big benefit for them. When rates are high and the homeowner acquires a fixed rate mortgage, the homeowner is later able to refinance when the rates go down. If the interest rates go down and the homeowner wants to refinance, the closing costs must be paid in order to do so. Some banks wishing to keep a good customer account may wave closing costs. If a buyer buys when rates are low they keep that rate locked in even if the broader interest rate environment rises. However, property buyers or home buyers pay a premium for locking in certainty, as the interest rates of fixed rate loans are usually higher than on adjustable rate home loans.

2-Step Mortgages – It is not high but it is average kind of mortgage. An adjustable rate mortgage has same interest rate for part of the mortgage and a different rate for the rest of the mortgage is called a 2-step mortgage. The interest rate changes or adjusts in accordance to the rates of the current market. Here the rate of interest will continuously changes, because the rate of interest is depends on current market rates. The borrower, on the other hand, might have the option of making the choice between a variable interest rate or a fixed interest rate at the adjustment date. Those borrowers who make the decision to take a two-step mortgage are taking the risk of the interest rate of the mortgage adjusting upward after the expiration of the fixed-interest rate period. Bankrate mortgage calculator – Many borrowers who take the two-step mortgage have plans of refinancing or moving out of the home before the period ends. Minimum number of borrowers will follow this method.

5/25 Mortgages – The 5/25 mortgage method is also called a “30 due in 5” mortgage and is where the monthly payment and interest rate do not change for 5 years. i.e. the rate of interest will remain constant for or same for 5 years. At the beginning of the sixth year, the interest rate is adjusted in accordance to the current interest rate. i.e. payment will not change for the remainder of the loan. This is a good loan if the homeowner can tolerate a single change of payment during the loan period. Average number of peoples will follow this method of mortgage.

Loan amortization

Balloon Mortgages – Balloon mortgages last for a much shorter term and work a lot like a fixed-rate mortgage. In this case, the monthly payments are lower because of a large balloon payment at the end of the loan. There is a reason, why the payments are lower is because it is primarily interest that is being paid monthly. Balloon mortgages are great for responsible borrowers with the intentions of selling their property or home before the due date of the balloon payment. However, homeowners can run into big trouble if they cannot afford the balloon payment, especially if they are required to refinance the balloon payment through the lender of the original loan. It is little risky method of mortgage.

Tax Benefits to Home Ownership

Understanding the Mortgage Interest Income Tax Deduction

This is the another kind of mortgage or interest rate calculator which will benefits you in tax savings. When a consumer considers purchasing or selling a home or property, they should consider the fact that there are many tax benefits that could potentially make owning a home quite profitable. By far, the buying of a home or property can be one of consumer’s biggest investments. Due to various tax benefits put in place by the government to encourage consumers to purchase properties, homes, buying a home could be a very wise decision. Ultimately, the consumer taking advantage of these tax benefits could save a great deal of money either at the time of purchase or the time of sell. Due to the various restrictions and conditions regarding these tax benefits, it is important to consult with one’s financial advisors or accountants to fully understand the benefits and opportunities of tax benefits to those who own homes. It is a best home mortgage calculator.

Current Mortgage Rates

Mortgage Interest rates

By far, the deduction of mortgage interest stands to be one of the most advantageous tax benefits. The interest paid on various mortgages on the primary residence can often be deducted if the consumer ops to itemize deductions on their federal Income Tax Return. It is possible that the consumer could potentially claim a deduction for any interest that they have paid on mortgages for building, purchasing a home or even a mortgage taken for home improvement, as long as the house secures the mortgage. Many different factors can restrict a consumer from the opportunity to deduct this interest, so it is an absolute necessity to speak with one’s financial advisor or accountant. Commonly, repairs or improvements made on the home cannot be deducted; however, home improvements made can make the house last longer, change it to be acceptable for a different use, or simply increase the home’s value, resulting in the consumer’s home becoming more tax valuable if the improvement is funded through refinancing or a second mortgage. This is the best mortgage rates.

Do you know the reasons to refinance Mortgages?

The above described mortgages are the best mortgage rate calculator. It is very important for the homeowner to have a clear understanding of their financial situation and objectives – keeping them in mind in order to acquire the loan most appropriate for them. This blog will tell you a few of the major reasons as to why people decide to refinance their mortgages.

Lower You’re Monthly Payment – House payment calculator – Suppose mortgage rates happen to be lower than; when they were; when the home or property was originally financed, or if the homeowner decided upon an adjustable rate mortgage accompanied with a lower interest rate than the current rate, monthly payment will decrease. That is assuming the homeowner doesn’t significantly shorten the loan term or cash out equity. When the home owner refinances, that means that monthly payments will be lowered and there will be extra money for those personal desired extras such as new cloths, dinners, or investing into a retirement or education fund.

30 years fixed mortgage rates –  However, that is not the only reason to refinance, but it is possible for the homeowner to not have the funds to bring to the closing table at the end of the initial mortgage loan. Most of the time, all of the closing costs of the initial loan can be placed into a new loan, which means less money will come out of the homeowner’s pocket. There is a general rule in the industry that states that if the present interest rate is lower than the mortgage by two percentage points, refinancing is something to consider. Mortgage lending competition is starting to turn the industry toward a looser rule of thumb. Those homeowners with good credit can get special deals on their closing costs from various lenders. In these cases, refinancing in order to achieve lower interest may make sense. Here is a rate table highlighting current rates in your area.

Build Equity Faster – In case the property owner or homeowner is in the position to make a monthly payment that is higher than usual because of good fortune or an increase in salary, the homeowner may want to think about switching from a 30-year mortgage to a 15 or 20 year mortgage. This allows the homeowner to build equity quicker and save more money on the financing fees. In other words, the homeowner builds equity at a faster rate without putting out substantial amounts of money every month. If refinancing costs are hard to justify, one doesn’t need to refinance to lower the payment term. Loan amortization calculator – One can simply pay extra each month or consider bi-weekly payment options.

Use The Equity In Your Home – The property owner or homeowner can use a cash-out refinance loan to tap into the equity that has been build up in the home. The homeowner may want to consolidate debts and pay off credit card accounts, send a child to college, or make improvements to the home. Cash-out refinance is an easy way to pay off credit card debt, but you should only do it if you won’t quickly run up the credit cards again. If you run up the credit cards again you end up with the same credit card payments & yet more debt against your home. Through cash-out refinance or mortgage amortization calculator, at closing the homeowner receives a lump sum. Those who are responsible put the money to good use. This may mean they are planning for retirement, making home improvements, or paying off other creditors charging higher interest rates.

Pay Off Your Mortgage Sooner – Maybe the homeowner has paid off a car, inherited a sum of money, or received a bonus at work, if the homeowner is planning to own their home into retirement, refinancing down from a 30-year loan to a 20 or a 15 year loan may be a good move financially. The payments will rise, free mortgage calculator; but the extra money can be used to cover the difference. By paying off the home earlier, the interest that is saved over the life of the loan is quite significant. Mortgage estimator – The homeowner will also own the home free-and-clear sooner.

Mortgage Loan Calculator

Mortgage Rates In The U.K.

United Kingdom Home Loan Advice – A loan that is secured by property or real estate is called a mortgage or mortgage rate. In exchange for the funds that the borrower receives to buy property or a home, the lender gets the promise of the borrower to repay the funds during a specified amount of time at a certain cost. The mortgage is a document that legally secures the note and gives the lender a legal claim against the borrower’s house if the borrower defaults on the note’s terms. Basically, the borrower has possession of the property or home, but the lender is the one who actually has ownership until the loan is completely paid off. Auto loan payment calculator – There are several options that are available when obtaining a mortgage in the U.K., which involves research to determine the best fit for the borrower’s financial situation.

Types Of Mortgages In The U.K.

The United Kingdom has several different types of mortgage programs available for borrowers. Basic information regarding these loan programs include:

  • Daily mortgage rates – Standard Variable Rate is the standard rate of interest used by lenders. It is linked to the base rate of the Bank of England, so whenever the base rate goes up, so do the mortgage rates & monthly payments. So, these mortgages are not directly set at the base rate, but they are usually set at around 1-2% higher. This fact makes this type of mortgage expensive, so not many voluntarily choose this type of adjustable mortgage, but it is the rate borrowers are switched to once their initial offer period expires.
  • A fixed mortgage rate has a fixed interest rate or mortgage rates today. This means that the mortgage payments will remain exactly the same each month until the initial deal expires. This option is excellent for those with a tight budget, which makes it very important for the borrower to know how much they will be spending since this options is popular amongst first time buyers. When the borrower knows there are no surprises, knowing that makes it worth choosing a mortgage with a fixed rate, especially during periods of interest rate volatility. If the borrower believes rates will rise, fixing the mortgage rate could save money. However, this also works the other way around meaning that the borrower could end up paying more than everyone around them if mortgage rates plummet.
  • Offset mortgages are a relatively new mortgage to the U.K. They work my taking advantage of the borrower’s tendency to get less interest in savings than what is paid for on debts. Basically, the borrower has a savings account that is linked to the mortgage, but instead of interest being earned on the savings, the money is used to reduce the mortgage balance. These mortgages are a good option for anyone with a large amount of cash put away. They can also be good for people who are self-employed or receive high yearly bonuses. By putting money into an offset savings, the borrower can benefit from their cash because it works against the debt of their mortgage – mortgage calculator paying extra.
  • Commercial mortgage calculator – Discounted rate mortgages do exactly what they say. They discount the lender’s Standard Variable Rate Mortgage. For example: A lender may offer a 2% discount on its standard variable rate mortgage for two years. With a standard variable rate of 6%, this would make the mortgage rate 4%. Since discounted rates are linked to SVR, they are variable, so that means if the base rate falls, the mortgage will also fall. This means a decrease in the amount of mortgage payments each month. However, rates can rise and so do the mortgage rates. Lenders may implement an SVR rise frequently and let many months pass before allowing a cut, which means the borrower will not benefit immediately.
  • Capped Rate Mortgages are great for those who like the possibility of a discount rate, but don’t want payments to vary too much. These mortgages are still linked to the SVR of the lender, but the interest rate is “capped” for a certain term. That means if interest rates rise above the capped level, the borrower will benefit. If the interest rates fall, so will the mortgage rate. This resembles being able to get security from a fixed rate mortgage – a mortgage calculator.

 Canadian Mortgage Calculators

Do you know how to calculate mortgage payment – Estimating Home Loan Payments in Canada – Whether or not to apply for a mortgage or home loan calculator is probably one of the most important financial decisions in a person’s life. There are many choices that must be made and a lot of terminology to learn, especially if it is the consumer’s first time purchasing a home. That is why the right advice can have a significant financial impact. It is best to be prepared and many mortgage seekers will look for pre-approved mortgages before they start shopping for the home. This allows them to establish a budget on their purchase. By knowing how much is pre-approved will help the consumer narrow down the number of homes in the search. There are also hundreds of lenders in Canada that will help the consumer in the pre-approval process and will help the consumer lock in the best interest rate possible. One such way to make the process easier is through the internet because it has changed the way people shop for their mortgages, especially with the availability of tools such as mortgage calculators to aid in the process. These are the loan payment calculator.

Renting Versus Buying Calculator – Online mortgage calculator  Through a Canadian mortgage calculator, the consumer can determine whether renting or buying is more economical based on the accommodation information and the payments.

There are several aspects that are to be considered when making the decision to rent or buy a piece of property. Below explains various advantages of renting that the consumer should consider:

  • To rent a home or apartment, the initial investment is rather low. The buyer often needs anywhere from 5 to 10 times the amount of cash to move into a home than simply rent an apartment – commercial property mortgage calculator.
  • Renting does become rather costly. The funds that are used for the down payment could be invested into accounts with high returns. This is especially true in situations where the renter remains a resident of the property less than four years – applying for a mortgage loan.
  • The renter has less responsibility. The renter does not have to worry about repairs because it is the landlord’s responsibility. When living in a home, the consumer is responsible for all repairs and their costs.
  • When renting, budgeting is a bit easier because the rent is a fixed amount that may include various expenses such as utilities. When owning a home, all utilities are separate from the mortgage payment – mortgage calculator monthly payment.
  • The renter has more flexibility to move. Leases can be short-term, which means the renter is free to move frequently.
  • Renting consists of lower insurance costs. The entire structure does not have to be insured, just the contents of the rented property.
  • The cost of moving in is low. There may be lower deposits required and no down payment may be required.

However, buying has advantages to consider: There are savings that are available for the buyer depending on the situation. Mortgage calculator florida – The cost of ownership can be less than the overall cost of renting.

  • The buyer has leverage because the buyer has control over the property and is aware of the capital gains from the beginning – mortgage calculator with insurance.
  • If the buyer plans on paying the principal balance down by a considerable amount, savings are forced. This can be rather advantageous.
  • The buyer also experiences various tax advantages such as property taxes can be tax deductible when itemized.
  • The buyer experiences personal freedom. The property is owned, which means the buyer can do whatever they like with the property without a landlord telling them they can or cannot do it.
  • The buyer has fewer restrictions. There are few rules that the buyer must obey, which usually includes restrictions regarding noise, children, and pets.
  • With mortgage payments made on time, home ownership can actually improve credit.

Mortgage Analyzer Calculator

Through the use of Canadian Mortgage Calculators, the payment and the balance summary can be calculated and the results can be seen in an amortization schedule by using the Mortgage Analyzer Calculator.

Here are the steps used in calculating the mortgage payment calculator:

  • The monthly interest or principal payment is calculated based on the total of the mortgage, the interest rate, and the term of the mortgage.
  • The annual property taxes must be determined and the number divided by the total number of payments: 12 if the payments are made monthly and 26 if they payments are made every two weeks.
  • The cost of homeowner’s insurance must be determined and then divided by the total number of payments.
  • If the borrower is required to pay private mortgage insurance, this must be figured in as well.
  • All items must be added: the private mortgage insurance, taxes, insurance, and monthly interest or principal payment.

Maximum Mortgage Calculator

The maximum mortgage estimate amount that the buyer qualifies for is based on income. The old formula of calculation, which many people are used to using to determine how much they can afford when buying a home, determined the afforded amount based on three times the total gross annual income. This is not a reliable formula, though. It is more realistic to look at the personal budget and figure out how much money can be spared. Insurance, taxes, maintenance, and other factors must be considered when looking at the budget to determine what kind of house payment can be afforded. Typically, lenders do not want to let a mortgage payment exceed 28% to 44% of the total monthly income. Now, if the borrower has excellent credit, a lender may make an exception – easy mortgage calculator.

You can come to know that – how much is my mortgage – calculate mortgage payment as above methods. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. In case you have any queries or doubts then feel free to write in comment box and we will get back to you soon.