Month: October 2019

How to find your dream job

Job search is a time of change, and also a very important time for the development of your personality. Use this time to rethink your goals, find out what you really want, what exactly you do best and what you definitely want and don’t want to do. It is best to read literature of interest, develop additional skills, and then the work that you will find will be the work of your dreams.

For find perfect job need to use different ways and must not scared for try something new.

You can use different sources, we recommend:

1. Job search engine – this is the most practical place to search. There are a lot of such sites on the internet, you can use Jooble – there are most vacancies here (we can say that almost all vacancies from the Internet are collected). You can always take advantage of many other job search sites and even post your resume on these resources so that employers can find you themselves. We also recommend that you subscribe to daily or weekly job postings upon your request.
2. Company sites – If you already know which company you want to work in, then go to the website of the company you want in the sections “Work with us” or “Career”, usually they place vacancies there. Choose and communicate with the employer directly.
3. Employment service – there are always vacancies. It is necessary to register, get suitable offers and make a choice.
4.People you know – quite a working option. Ask your friends and acquaintances, maybe companies, where they work, need new employees. Perhaps this is what will help you get a job.
5. Social networks – on your page write that you are in searching of work and perhaps those you know will recommend this or that vacancy yourself, word of mouth will work. You can always find groups with vacancies at the request of “vacancy” or “job”
6. Newspapers are no longer the most relevant option, but still it works. Newspapers or magazines with advertisements publish a ton of vacancies. Usually, these vacancies are for workers, but it’s also very realistic to select offers for office workers.
Always use as many sources as possible to find the desired job, and you are sure to find a dream job.

Travel Insurance Guide: Here Are Some Tips For Buying Travel Insurance, Which Is Right For You!

A vacation is supposed to help you relax; however, unexpected circumstances can occur at any time. What if you are looking forward to your vacation, have booked flights and paid for the accommodations but suddenly have to cancel your trip at the last moment? What if, after you have reached your beautiful holiday destination, you fall sick or encounter some medical emergency for which you need to fly home immediately?

In such situations, if you do not have travel insurance, then you can stand to lose out a lot of money.

What Are Some Tips For Buying Travel Insurance?

Whether you want to opt for the cheapest travel insurance or pick your insurance based on some other requirements, you need a travel insurance guide to help you choose an insurance that fits the bill.

Here are some things that you should keep in mind when buying travel insurance:

  • Where are you traveling to? If you plan on going somewhere close to home, then travel insurance may not be a necessity, although it still will be a helpful addition to your trip. However, if you are flying overseas, then travel insurance is a must. You do not want to be stuck in a strange situation in a foreign land where you will not know the language or the customs.
  • What is your mode of transportation? Whether you are traveling by car, a train, or opting to take a flight, you will need to know before you buy your travel insurance. Whichever mode of transportation you opt for, the coverage for your travel insurance will change depending on it.
  • How long will you be traveling? The length of your trip will have an impact on which travel insurance you will buy. If you are going on a short trip, the extent of coverage may not be much. When you are going on a longer trip, you will need to buy travel insurance which will cover you for a variety of situations.

What Should You Be Paying Special Attention To?

The above three considerations are paramount when it comes to buying travel insurance. However, if you want to buy the best travel insurance plan, then you will be to pay attention to other terms of your policy, as well. Here is what you should keep an eye out for when you are buying a travel insurance policy:

  • Selecting an annual or single trip policy: if this is your first time buying a travel insurance policy, then you will need to select if you want to opt for insurance for a specific trip or you want to buy an annual policy. With an annual scheme, some insurance policies will have on the maximum number of days they will cover in a year or for a particular trip. However, if you are someone who does not travel frequently, then you may want to opt for a single trip scheme.
  • Buy an individual or family plan: Whether you are traveling alone or with your family will have an impact on the insurance policy that you buy. Buying a family plan is usually a cheaper and more effective option than buying individual plans for all members of your family. However, make sure that you understand the family plan before you purchase it as many policies have a cap on the maximum number of immediate family members that you can cover with your plan.
  • What activities will you be participating in? While most people love to spend their vacation relaxing, some others want to undertake adventures and participate in exciting activities. If you plan to participate in exciting adventures, then you may want to check whether or not your travel insurance will pay for any medical emergency which may occur. While most travel insurance strays away from covering high-risk activities, some insurances are designed specifically for those who love adrenaline. Make sure you check every option before you make any commitments.
  • Traveling with expensive equipment: When traveling, you will want to look and feel your best. You will also want to capture the best movements of your vacation. Or, if you are traveling for filing something or for other professional purposes, it makes sense that you may be carrying expensive equipment with you, such as expensive cameras, laptops, or other items. When you are traveling, things may get stolen or lost, and you will want to make sure that the cost of your expensive items is covered by your travel insurance.
  • Terrorism: does your travel destination have an unstable political climate? Does the destination have any history of unexpected acts of terrorism? In this case, you will want to check your travel insurance thoroughly to see whether or not your insurance policy covers these emergency situations.
  • Cancellations or delays: Most people buy travel insurance, which comes into effect only on the day of departure, but it is wise to buy a plan which starts a few days before that. If your trip happens to be canceled or delayed, travel insurance will cover much of the expenses of your trip.
  • World-wide assistance: When you are traveling overseas, you do not want to be stuck waiting for hours to contact your travel insurance agencies due to time differences. Hence you should opt for a travel insurance agency which has world-wide support as well as 24-hour assistance. When you are in an emergency situation, it is crucial at you have the ease of accessing your travel insurance company right away.

When you are paying for the premium for your travel insurance, you hope that you never have to use your insurance policy. However, that does not mean that you should blindly select any policy which gets recommended to you. Ensure that you research the travel insurance policies offered to you and check what they cover before you make any commitments. Ensure that your travel policy insurance will cover your unique needs when you are traveling.

Demat Account for Minor

Demat account is the primary requirement for trading and investing in the Indian stock market. The introduction of demat account has resolved many problems that traders and investors use to face earlier when the shares were held in the physical form. With this account, the whole process of completing a transaction has become smoother and quicker.

In order to transact in the Indian stock market, it is mandatory to open a demat account with the broker by completing the necessary formalities. The demat account is often used by individuals to invest their savings. Many people open a demat account for their children so that they can invest for their future.

In this article, we will learn about the details of demat account for minor.

Let us first learn about the condition that must be fulfilled for demat account opening for minor.

Condition for Opening Minor’s Demat

A demat account for minor is legal and can be opened in his/her name. However, the only condition for opening a demat account in the name of the minor is that it must be opened only by the natural guardian (parents) or court-appointed guardians. The guardians must fill the standard demat account opening form. Along with that, two KYC forms must be filled i.e. one for the minor and another for the guardian. The KYC form has to be signed by the guardian.

Let us now learn about the documents and details to be submitted for minor’s demat account

Documents and Details Required for Minor’s Demat Account

The guardian needs to submit the necessary documents like identity proof, address proof, passport size photograph, PAN card copy, etc. to the depository participant. The depository participant will verify the submitted documents and capture the minor’s PAN details in the DPM system after the verification. On successful processing of the documents, demat account for minor will be created.

There are some restrictions on a minor’s demat account in comparison to a regular demat account. In this section of the article, we shall learn about those restrictions.

Restrictions for a Minor’s Demat Account

  • The minor’s demat account cannot be used by the guardian to trade in certain segments like currency derivatives (F&O), equity derivative trading (F&O) and equity intraday.
  • A minor cannot be a joint holder to any joint demat account.
  • The minor’s account can be used only for purchasing or selling delivery shares.
  • The demat account of a minor cannot be linked to a trading account.

After learning about the restrictions on minor’s demat account, let us now learn about the procedure to be followed when the minor turns major.

Procedure To Be Followed When Minor Becomes Major

If the word “minor” is present during the time of account opening then the current account needs to be closed and a new demat account should be opened.

However, if the word “minor” was not present in the “Account Holders Name” then the following procedure must be followed;

  • New KYC application or details of KRA registration of the account holder must be submitted.
  • A new account opening form shall be submitted by the account holder.
  • The depository participant shall give an agreement copy consisting of the rights and duties of both parties to the account holder.
  • The details of the guardians shall be deleted and the account holder’s signature shall replace the guardian’s signature.

The above mentioned is the procedure to be followed when the minor turns 18 years of age i.e. turns into a major.

If you too are looking to invest in shares by opening a minor’s demat account, you may consider Kotak Securities. Their friendly and customer support staff shall assist you in completing all the formalities of the account. Moreover, by opening a demat account with them, you ensure yourself against any fraud in your demat account. Kotak Securities is known for its ethical working standards and it is the most reputed broking firm in India.

Mortgage Loan Modification

Mortgage Modification

A mortgage modification is a change to your current mortgage loan terms. It is similar to a refinance however you are not paying off your current loan and taking out a new one, and since you are simply “modifying” your current loan, it is not based on your credit score.

A new modification program was recently released by the name of the “Flex Modification” and this program gives homeowners who may have had trouble with refinancing a potential way out. The program is exclusive to those with mortgages owned/insured by Fannie Mae and Freddie Mac, however many different lenders follow similar program guidelines. Aside from Flex, there are also other modification programs still available such as “FHA-HAMP”, “streamlined modification”, “in-house modification” and more. Successor to the Home Affordable Modification Program; with Flex; you do not have to be behind on mortgage payments. You can be current and on time with your payments and unlike a refinance, it doesn’t matter if your credit is poor, have had late mortgage payments, are in bankruptcy, upside down or currently in foreclosure.

Adjustments that can be made through a modification

Typical adjustments through modification include one or more of the following:

  • Lowering of the Interest Rate
  • Deferment of any missed/skipped payments to the remaining principal
  • Extending the loan term (some investors leave the maturity date the same)
  • Forbearance
  • Principal Reduction (possible but rare in today’s real estate market)

Forbearance

A forbearance is a deferment of mortgage payments that are due and lenders at times can issue a forbearance for three months and with some cases up to twelve months. A forbearance allow borrowers to defer/skip the payments for a certain time period (3 month, 6 month, 9 month 12 month etc). This doesn’t mean the payments disappear for good and you will never owe it, they just become due and payable at the end of the three months or 6 months whichever you are doing. In fact at the end of forbearance you may have to pay back the entire deferred/skipped payments in a lump sum or the lender may agree to capitalize it into your previous loan or into a new/modified loan.

How to apply for a Mortgage Modification

If you want to be considered for a modification, you have several options. You can call your lender directly, contact a local HUD approved counseling agency or hire a professional third party. If you’re going to choose to hire a third party, never ever pay anything upfront as it is against the law to charge a borrower for a modification until the third party secures an offer from your lender that you choose to accept.

Steve Kay from New Vision Direct says: “Hiring a third party representative to help you get a modification is similar to hiring a CPA to do your tax returns, or going to a doctor for a broken bone. There is no law that says you must hire a CPA, and you can treat your own broken bone if you choose. It’s a similar consideration with modifications. Just like the doctor doesn’t technically‘heal’ your broken bone, the third party doesn’t ‘give’ you a loan modification.

“You’re not hiring and paying someone for the modification itself, but the work that goes into putting together a qualified package and more importantly the strategic planning involved with putting together the best possible package for the lender’s review. Most people don’t have the time, experience, knowledge and resources to negotiate a modification.

You really want someone on your side to advocate and help you get the lender’s bottom line offer. Keep in mind that no matter what anyone says or does, a lender may not agree to your proposal or be able to approve a mortgage modification. It’s at the lender’s discretion to give you one; however if presented and packaged strategically and correctly, a lender may be convinced a modification is a win-win for them – as well as you. Lenders want to avoid liability, defaults, lawsuits and foreclosures from happening.”

New Vision Direct work with you $0 upfront and work on a contingency where we are only due a fee if we successfully get you an offer you accept.”

Hiring an Expert

You should consider hiring an expert to represent you in negotiating a loan modification for several reasons such as:

  • Your mortgage company trains its agents and representatives to act in the best interest of the investor/note holder of the loan.
  • In some cases, you may have only one shot at submitting your request application correctly. Having an experienced expert prepare and package your application is like having a headhunter craft your resume.
  • A loan modification expert knows the system and how to work it for your benefit.
  • An expert can take all the hassles off your plate, freeing up your time and energy to get a better handle on your finances.
  • A seasoned pro knows immediately whether the offer a lender pitches is fair and square.
  • You’ll probably more than recoup the cost of hiring an expert from the amount of money he or she saves you by getting a better deal than you could on your own.

Lenders often try to dissuade distressed borrowers from hiring their own representation. After all, lenders often claim, “We’ll modify your mortgage for free.” Sure, they’ll modify it, but are they going to modify it to true affordability?

Any company engaged in assisting a consumer with negotiating a loan modification must make certain disclosures to you, including:
  1. “You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject the offer, you do not have to pay us. If you accept the offer, you will have to pay us [insert amount or method for calculating the amount] for our services.”
  2. “[Name company] is not associated with the government, and our service is not approved by the government or your lender;” and
  3. “Even if you accept this offer and use our service, your lender may not agree to change your loan.”
  4. It is not necessary to pay a third party to arrange for a loan modification or other form of forbearance from your mortgage lender or servicer. You may call your lender directly to ask for a change in your loan terms. Nonprofit housing counseling agencies also offer these and other forms of borrower assistance free of charge. A list of nonprofit housing counseling agencies approved by the United States Department of Housing and Urban Development (HUD) is available from your local HUD office or by visiting hud.gov.

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