If you are in a position to buy a vacation home, you are probably in better financial shape than many other people! Just because you can afford a vacation home (or second home) doesn't mean you can't save a little money. Here are some tips and tricks to consider when buying a vacation home to save a little money along the way.

1. Be a desirable borrower. With your primary residence, you have to jump through a lot of hoops to qualify for a down payment, mortgage and loans. When you buy your second home, the process becomes even more stressful, as you need to be a very good investment for a lender to even consider giving you money. The lender can assess your financial viability and tell you whether or not you're a healthy investment.

2. Save cash. Use this money to make a down payment on your home, however much that may be. If you're buying a second home, it's important to think far ahead to save money later on. When you make important decisions under pressure, you're likely to spend more money, which isn't always the best course of action. The more money you can save up front, the less you'll have to borrow and eventually pay back.

CRX Markets is Europe's leading marketplace for working capital financing.

Our digital marketplace brings corporates and financing partners together. Our web-based solutions enable working capital financing on both sides of the balance sheet.

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Choose security: protection against rising interest rates through a full amortization loan

The interest rate trough in construction financing seems to be over. In the medium term, interest rates may rise again. That's why our customers are now asking more often how protection against rising interest rates in construction financing can look like. Since construction loans often run 20 to 30 years until the loan is fully paid off, this question is more than valid. Basically, there are two ways to secure the most favorable construction financing interest rates until the loan is repaid in full.

Variant 1: Combination loans of building societies as protection against rising interest rates

Those who are building in the near future can currently still enjoy very favorable interest rates. But if you finance for 20 or 30 years until the loan is fully repaid, you must assume that these favorable mortgage rates will not remain so. You only have to remember that 10 years ago a construction loan still cost around 5 percent interest and not around two percent, as is currently the case. Stiftung Warentest has taken up this question and tested offers from intermediaries and banks and at the same time compared 2 variants as protection against rising interest rates.

The combined loan of the building societies consists of a building savings contract and a repayment-free loan, with which the later disbursement from the building savings contract is pre-financed. The difference to a classic bank loan lies in the repayment concept. For the advance loan, the customer pays only interest, but no repayment. The repayment is taken over later completely by the following building society contract. Instead of repaying the loan, the borrower transfers savings installments to a building savings contract. If the building society sum then z. B. after ten years is assigned, one replaces thereby the advance loan.

Mohan Reddy A living example for success by design

We've all heard of bucket lists. Many of us have created them for retirement: where to travel, try new activities, and maybe even have a new place to snowbird. But you may not be familiar with this type of bucket list: the bucket system of money management. I have found this is critical to successful investment planning.

One of the most basic parts of any financial plan is the amount of risk you should take in your investments. This involves some sort of risk assessment and is used by the vast majority of investors and investment professionals to determine an investment policy statement or the risk level of their portfolio.

As a Certified Financial Planner™ Practitioner, I also conduct these assessments for my clients. Unfortunately, many people stop here and ignore everything else that needs to be considered when planning an investment strategy. I use the simple concept of bucket-of-money theory as a system to visualize the difference between short- and long-term goals.

Blackthorn, also called Prunus spinosa by biologists, with its distinctive thorns and its deep dark blue berries, is frequently encountered and accordingly well known. In the past, the fruits of this wild plum species were very popular for juices, liqueurs and jams, and recently they are again enjoying increasing attention. But what is there to the well-known wisdom that the fruit of sloe is poisonous raw and can only be consumed processed?

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Are sloes poisonous raw?

First of all, this question can be answered in the affirmative when viewed objectively. The seeds of blackthorn, which is a stone fruit, contain the prussic acid glycoside amygdalin, which is converted to prussic acid in the human body after consumption. However, one should already put this into perspective at this point, since other pome fruit kernels also contain the same substance. The amygdalin content of apple cores or bitter almonds is significantly higher than that of sloe berries. Furthermore, it should be emphasized that the skin and flesh of sloes do not contain this substance and are therefore not toxic and completely harmless from a purely medical point of view. In general, the berries of blackthorn should not be eaten together with the seeds. But even eating individual seeds is considered harmless.

a laptop and a notebook

Consumers take out a loan for various reasons. They use it to finance their studies, a trip or to reschedule debts. What many people do not know, however, is that a credit request can affect your own credit rating and Schufa. Learn now what to look for in a loan application so that it is carried out schufaneutral.

In 2016, there were 7.67 million new installment loans taken out in the Federal Republic of Germany. What defines a credit request? How to make a credit request without negative SCHUFA impact? Does the credit condition request represent a good alternative to ensure a stable credit rating? These and other questions are answered in the following article.

Credit inquiry: definition and difference from credit application

Many terms, one solution – The credit condition inquiry

If you are looking for a suitable loan, you will encounter many different terms. This can quickly lead to customer confusion.

How dangerous is Tijuana ? The border city between USA and Mexico

During our three-week tour of the southwestern U.S., we opted for a day trip from Los Angeles to Tijuana, one of the, supposedly, most dangerous cities in the world. Before the trip, we asked ourselves numerous questions, which we'd like to address here in case you'd like to take a trip to Mexico, too.

What exactly is Tijuana ?

Risk insurance as effective protection in the event of death or disability

"I wish to live a long life in the best of health – but if something should happen to me, I would like to protect my relatives and business partners from financial loss!"

This quotation cannot describe the purpose of the risk insurance more aptly. Because by definition, the purpose of term insurance is to cover financial gaps in the event of disability or death, and protect dependents or business partners from financial harm.

Burlington payday loan downtown city

A Burlington payday loan can provide you with a reasonable sum to help you manage an urgent, immediate need. For some, it is a viable option if they are unable to borrow from family and friends or they don’t have access to other forms of credit.

However, every lender offers their own form of a Burlington payday loan. Some are good, while others are less desirable. The same can be said about payday loan lenders.

Consequently, we’re providing you with some quick tips that can help you separate the good from the bad.

A balanced fund offers the upside potential of stocks, but limits risk by also investing in bonds. "A comfortable position for investors:in who are concerned about equity market volatility," says Rob van Boeijen, fund manager of Triodos Impact Mixed Funds.

In addition to risk control, the key feature of Triodos Investment Management's (Triodos IM) balanced funds is "that they offer investors the opportunity to contribute to a sustainable future," Rob adds. Before joining Triodos, Rob worked for a traditional asset manager for many years. "In conversations with clients, I was getting more and more questions about what exactly they would invest in. They did want to make a positive financial return, but only by investing in something that didn't violate their principles. At Triodos, this is our core responsibility. We apply this belief to all of our products."

Triodos Impact Mixed Funds – three versions

The Triodos Impact Mixed Fund comes in three different designs: Defensive, Neutral and Offensive. All three versions have received the top rating of the FNG Seal 2021 with three stars.