I've
just
spent 3 days decluttering the office and all the Affluencia real estate
products have to go!
I need to make way for new stock for 2010
so I've decided to give you all a really valuable Christmas gift and
price our remaining CD and DVD packs very generously. In
fact, it's
a down right bargain when you consider the amazing value and
content
you'll receive.
Why are the prices
so low?
I'd rather these resources go to great homes and help you on
your
investing journey than be boxed up and put into storage - what a waste!
Find out more here.
Feature
Article
What is Mortgage Insurance?
Typically,
most home buyers choose to apply for a loan to finance their
purchase instead of using their personal funds. Those with a good
credit rating and sound financial status have more chance of easily
obtaining a loan compared to applicants with a poor credit
history.
But
some people may be unaware that, along side the normal requirements
they'll need to meet, they may still be required to pay for
mortgage insurance.
Mortgage insurance is an insurance policy that aims to protect lenders
from losses in the event a borrower defaults on his or her
loan
and the property gets repossessed. Many novice investors make the
mistake of thinking mortgage insurance protects them. In
fact, the opposite is true.
Mortgage insurance is normally
required for loans
amounting to more than 80 percent of the property’s total
sale price.
Mortgage insurance, however, may only cover a certain percentage of the
loan amount ranging from 20 to 50 percent. In cases where a
borrower does, indeed default, the insurer will be responsible
for paying that
particular amount.
In Australia, this type of insurance is commonly termed as lenders
mortgage insurance or LMI. As a general rule, this
insurance will be sufficient to pay out the mortgage
loan in full to the lender or bank.
It is usually the lending institution that applies for the LMI to cover
mostly residential loans. Even so, it is the
borrower that pays for the LMI. Mortgage insurance is a
one-time fee paid
at the time of loan settlement. The fee is based on the amount of
the loan and the deposit he or she needs to pay for his
purchase.
Similar to the process of applying for a loan, a lender first verifies
the credit history and financial capability of a borrower before a
mortgage insurance company will provide insurance coverage.
By Wendy Moore
Copyright 2009 Affluencia Pty Ltd
WANT TO
USE THIS ARTICLE?
You
can as long
as you include the following:
Wendy Moore is
founder of www.savvywebwomen.com and
creator of
the Web Secrets Success Club - the step-by-step, hold
your hand membership program that gives you the tools and confidence to
become
internet savvy. To receive your F.R.E.E. Special Report and weekly
how-to
articles to expand your online internet toolkit, visit www.savvywebwomen.com.
Five
Minutes with...
Alisse Bradley of The Prosperity Whisperer
Question
1
What
has been your biggest challenge in business and how did you overcome it?
My biggest challenge in business has always been self doubt,
questioning myself about whether I am good
enough and if I know enough… It was an honest colleague who
helped me
to move beyond this when she said
to me, “Alisse you are definitely good enough, however, when
you stop
thinking about how YOU feel and
start to focus on what you can do for someone else, then you will be
great.” It may have felt a little
harsh at the time, however I have never forgotten this, and when I feel
the doubt creeping in; I simply
shift my focus and ask ‘How can I be of service?’
Question
2
If
you had to start your business again from scratch, what would you do
differently?
Knowing what I know now…I would employ a Business Coach to
assist me
with connecting my life purpose with my business vision, identify my
niche market and to set my business plan.I would employ a Feng Shui
expert to assist me in creating my outer environment to reflect my
goals and set me up to easily attract an abundance of health, wealth
and success.
I would employ an Emotional Breakthrough Coach to assist me in
identifying and overcoming my limitations, the fastest way possible. I
have done this now for my business, however in the beginning I
wasn’t
aware that this was the best investment I could make… I
thought my
assets were outside of me and now I know that the greatest asset you
have in your business and your life is you. Life really does get better
as you get better.
Question
3
Who
do you admire and why?
Dr Wayne Dyer, I have immense admiration for him. Like many people I
have witnessed his incredible journey by way of reading his books and
listening to his audios. He is a master of self evolution and like so
many of us; he has lived some real life trials and tribulations. He has
experienced challenges in his relationships, his parenting, his health
and his own behaviors and yet he has shown us what matters the most in
life and that is to ‘always do your best’. He does
a great service to
humanity and this is why it became so important for me to manifest a
face to face meeting with this man. I did, and in 2008, I met Dr Wayne
Dyer, and spent some one on one time with him. It was evident that he
does in deed have a very, very kind heart! That is important I think.
Question
4
It
takes a lot of determination and dedication to succeed in business.
What keeps
you motivated?
I agree it does take a lot of determination and dedication to succeed
in business; however that’s not a bad thing when you are
doing what you
love. Brian Tracy writes in his book ‘The 21 Success Secrets
of Self
Made Millionaires’, “When you start doing what you
really love to do,
you’ll never work another day in your life.”
It is easy for me to stay motivated because my business is my passion
and my purpose. I don’t have to force myself to do anything
as I simply
love what I do and I am thrilled to be a part of this creative process
called life. Those parts of my business which don’t thrill
me, I
outsource to someone who is equally as passionate about their job. This
keeps my energy high.
Question
5
What
are your 3 biggest success tips?
1. Let me share with you my favorite
learning’s from 3 very incredible business leaders. Neale
Donald Walsh
tells us that “Business is your highest spiritual
understanding
demonstrated.
I am convinced of this…. The universal law of compensation
tells us
that we will be equally rewarded for the measure of service that we
give to others…. And this is what business is about,
providing a
service. The trick is for you to really understand the service that you
provide and this requires you to tap in to the needs of others. To do
this successfully you will need to continue to learn and grow as a
person and you will be aptly rewarded for your effort.
2.
Bob Proctor is famous for the statement, “What has money got
to do with
your dreams”. (This makes it challenging for anyone to ever
make the
excuse, I can’t afford it, when you are around Bob).
For me, this statement is about trust and not always trying to control
everything… The only thing you have to do is make a decision
about what
your dream is, then follow your heart. Don’t ever block your
path by
looking at your current position and then limiting yourself to it. The
universe has an interesting way of supporting you and making possible
the things you have made a definite decision about.
3. I could not close without quoting my
friend Dr Wayne Dyer. Wayne is adamant about this one…..
“Don’t die
with the music still inside of you.”
I think every single one of us has a purpose for our life…
something
that we must do while we are here… something that gives us
that sense
of fulfillment. It reveals itself to us in our talents and our passions
and when we do it, it feels as though there is a whole other force at
work, that we are truly delivering an inspirational message for all to
hear. I think in the end this is what will matter most…
Tell us
about Alisse ...
An International Speaker, Prosperity Coach, Female Entrepreneur and
wife and mother of 4 beautiful children, Alisse lives her passion
everyday. She specializes in Purpose Powered Business, teaching women
simple step by step processes, which have them, connect with their
authentic self, achieve an abundance of health, wealth and success, and
ultimately experience the freedom they truly desire in their lives.
Alisse has developed her own unique coaching method of
‘energy based modalities’ and ‘universal
principles’, combining her varied studies in Feng Shui,
Astrology, Neuro Linguistic Programming and Mental Mastery, and she has
worked personally with some of the worlds leaders in these fields,
including the acclaimed Bob Proctor of ‘The Secret’
fame, the ‘Father of Motivation’ himself Dr Wayne
Dyer and ‘Feng Shui Master’ Marie Diamond also of
‘The Secret’ fame and renowned consultant to the
celebrities.
For more about
Alisse
visit www.theprosperitywhisperer.com
Are
you a Successful Sister?
Each
week, we'll spend five minutes with a successful sister. Like
to be considered to share your story? Let us know by emailing
contact@affluencia.com
Need
A Speaker
Would
You Like Wendy To Speak Live at Your Next Event or Be a Teleseminar or
Webinar
Guest?
Her presentations and
workshops are ideal for anyone looking to get savvy on the internet
or discover the tools and techniques to successfully use Social Media
and the internet in business.
To book Wendy, send an email to contact@savvywebwomen.com.
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Links
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About
Wendy
Wendy
Moore is founder of www.savvywebwomen.com
and affluencia.com
and committed
to showing women everywhere how to be internet savvy.
If you liked today's issue, you'll love Wendy's products and coaching
programs to help you build confidence and add the necessary tools and
techniques to better utilise the power of the internet.
Wendy made it to the very top of the corporate IT world, managing
multi-million dollar budgets, before gut-wrenching stress demanded she
reappraise her life and follow her true passion.
With over 14 years
experience in the Information technology industry, Wendy now educates,
empowers and inspires others and says, "It's all about education and
gaining from other's experiences. I'm passionate about helping women
in small business better understand and utilise the amazing power of
the internet. If you could make money without
seeing a single client, how would getting your time back change your
life?"
You can learn more about Wendy and her courses, programs and products
at her website, www.savvywebwomen.com
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Affluencia Newsletter is written by Wendy Moore. If you have
any questions or comments, please send them to: contact@affluencia.com
Affluencia.com,
GPO Box 2000, Melbourne Vic Australia 3001
Tel: 61 (3) 9686 2288 Fax: 61 (3) 9682 4010
Email: info@affluencia.com
Copyright 2009
Affluencia Pty Ltd. All rights reserved.
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