Home Loans & Mortgage Loans Better Understood (Part-2)

In our last post we discussed different terminologies and definitions that are used in Home Loans / Mortgage loans. In this post we shall discuss in details the different type of interest rates available with various financiers while they provide Home loans. Primarily there are two types of interest rates, one is the “floating rate” and the other is the “fixed rate”Floating Interest Rate

Floating interest rate, also known as “Variable Interest Rate” or “Adjustable Interest Rate” refers to any type of interest rate that is not fixed and keeps varying over its tenure typically using a base rate. In India the base rate is fixed by RBI and the general nomenclature for this is Prime Lending Rate or simply PLR. The actual floating rate of interest paid by borrowers is generally a margin rate added on to the PLR. Very rarely we come across situations where the floating rate is lesser than the base rate.

It is to be noted that Home loans / Mortgage loans in most countries are floating rate loans. In India very unfortunately borrowers predominantly do not understand the concept of floating rate and often mistake that the tenure of the loan is sacrosanct and that it does not change. This can be attributed to the fact that very few borrowers essentially understand the terms and conditions before they sigh the mortgage documents.

Typically, floating rate loans will cost less than fixed rate loans, depending in part on the yield curve. In return for paying a lower loan rate, the borrower takes the interest rate risk: the risk that rates will go up in future. In cases where the yield curve is inverted yield curve, the cost of borrowing at floating rates may actually be higher; in most cases, however, lenders require higher rates for longer-term fixed-rate loans, because they are bearing the interest rate risk.

Fixed Interest Rate

Fixed interest loans are interest rates that typically do not fluctuate at all over their tenure. The borrower in this case can know for sure what is their future payments as it is largely not changed. Generally fixed rates are higher than the floating rates and people generally do not prefer either due to ignorance about floating rate or due to the fact the floating rates are typically lower and can offer lesser EMI in the immediate time frame.

A fixed interest rate is based on the lender’s assumptions about the average discount rate over the fixed rate period. For example, when the discount rate is historically low, fixed rates are normally higher than variable rates because interest rates are more likely to rise during the fixed rate period. Conversely, when interest rates are historically high, lenders normally offer a discount to borrowers to fix their interest rate over time, as rates are more likely to fallduring the fixed rate period.

Further Details : Apartments for Sale in Chennai

 

Home Loans & Mortgage Loans Better Understood (Part-1)

In our first post on the above series, we shall be looking at Home Loans and Mortgage loans more from the Indian perspective, understand a bit of different interests rates available in the market and how banks service

Mortgage Loan – Definition

Mortgage loan generally refers to the loan secured by pledging an already existing home for financial needs. This definition is purely in Indian context. In India Home loans are for purchasing a new home where the disbursement of the loan amount is made in full by the financier / banks or for constructing new home where the disbursement is released in stages by the financier / banks vis-à-vis the progress made in the construction.

Typically in western countries Mortgage loan generally refers to all types of Home loans. According to Anglo-American property law, a mortgage occurs when an owner pledges his or her rights to the property, as a collateral to the loan.

As like any other loans, mortgage loans and / or home loans comes with interest rate and the payment is by generally EMI as per the amortization schedule spread over a repayment period ranging from 20 years to 30 years depending on the policies of the financier / bank that provides with the loan.

Now let us see some popular terminologies used in the financial circle when dealing with mortgage or home loans;

Property: The physical residence being financed in question here refers the property.

Borrower: The person borrowing the loan in exchange to mortgaging his / her interest on the property who in other words is either having or is creating an ownership interest in the property is called a Borrower.

Lender: Usually a bank or other financial institution qualifies to be called a Lender. Typically In India, lenders can also be individuals who lend money. In America, lenders may also be investors who own an interest in the mortgage through a mortgage-backed security. In such a situation, the initial lender is known as the mortgage originator, which then packages and sells the loan to investors. The payments from the borrower are thereafter collected by a loan servicer.

Principal: The original size of the loan, which may or may not include certain other cost refers to the Principal Amount. As and when principal amount is repaid in parts, the principal will go down in size and the loan interest is calculated for the remaining Principal amount only.

Interest: A financial charge for use of the lender’s money is referred as Interest. There are many different varieties of Interests employed by bankers. We shall discuss them elaborately in our next post.

Foreclosure or Repossession: The possibility that the lender has to foreclose, repossess or seize the property after paying the principal along with the applicable interest and other charges if any is essential to any mortgage loan.

AZ CRM - Hosted CRM solution

Hosted CRM is an arrangement in which a company outsources some or all of its customer relationship management (CRM) functions to an application service provider (ASP). The hosted CRM model is said to increase return on investment (ROI) by decreasing costs and allowing a company to focus more resources on its main business areas. In-house CRM, on the other hand, while more expensive, is also said to allow more customization. Companies offering hosted CRM include Siebel, Salesforce.com, and UpShot.

Salient features of Hosted CRM solutions:Simplicity And Ease Of Integration

There’s no sense in investing in CRM technology if you can’t get your workers to use it. Nothing hurts adoption more than a difficult to use and difficult to implement application.“Simplicity and integration into daily routines are very important features".As is often the case, “the more complicated the software and the more functionality it had — which usually did not relate to what we required — the more people refrained from using it. What we needed was a simple CRM system which integrated with software that we used on a day-to-day basis.”

Remote Access

A CRM solution that can only be used in the office is really no solution at all. Data must be entered into it from all manner of locations — at trade shows, at customer sites, from partners’ premises — and remote workers can’t be handicapped by a dumbed-down version of the solution.

Stronger Multichannel Support

Primarily because of the need to support mobile access, but for other reasons as well, support must be stronger and available through more than one channel. “A service phone number is essential and not just online help; instant chat lines are good, too,” said Jennifer A. Goldman, CFP, principal at My Virtual COO.

Integrated Analytics

It is not enough to collect data; you must also understand it and what it signifies before you can use it as a basis for action. CRM solutions must provide business users with access to decision-making analytics, both for sales and for marketing.

Campaign Management

A CRM solution should provide powerful campaign managementfunctionality, enabling workflow from initial campaign concept through build, test, deployment and measurement.

Points to ponder

Simplicity and ease of integration

 Flexibilty and customization

 Lead generation and follow-up tracking

 E-mail & SMS based leads management

 Tailor made solution for your business needs

 Track your sales activities

Online Event Management Software

AZ EVENTS - Online event management:

Our event management offers a user-friendly environment for facility scheduling and event management. Its features are focused on preparing all facets of a facility, providing you with the ability to efficiently organize information and run custom reports. The system is an outcome of sustained research and applied principles of Project Management to the Events paradigm. The system can be promptly installed and used for employee meetings, stockholder meetings, supplier days, college / university events, marathons, fund-raising events, balls.
Salient features of Online Event Management:Database Management
Manage individuals such as registrants, groups, staff, etc.
Communication
Send mass emails that are personalized for each recipient, invitations, event updates, newsletters, and save email template for future use.
Reports
Make and print reports with any type of information you like including Abstract Reports,Accommodation Reports,Departure Reports,Badge Reports,Faucalty Reports,SPOT Reports,Registration Reports,Workshop Reports,Barcode Reports,Hall Entry Reports etc.You can have an unlimited number of custom reports and template can be made to your desired look and layout.
Contact Management
Note and track every communication with your contacts. Certain types of messages are automatically logged such as confirmation emails and mass emails.
Registration
Public access to event information and User Registration.
Points to ponder Registration management with e-payment
 Exhibitor management
 Web presence management
 Powerful reporting-business intelligence
 Barcode based delegates identity cards
 Cash flow management for registrations
 Complete CMS for the entire event
 Attendee management

Software Solution for Health Care Industry

 

E - Care - health care management:

Health administration or healthcare administration is the field relating to leadership, management, and administration of hospitals, hospital networks, and health care systems. Health care administrators are considered health care professionals

Salient features of Health care Management:Registration

On the system the user are able to register according to its hierarchy, so that a username and password will be provided to the user in order to login to the system. The user database and records are maintained by the system and also you can add, update and delete the records from the system with proper privileges.

Patient Record Maintenance

The system maintains a detail record of each patient who will be admitted to the hospital. The patient case papers will be generated automatically and will be maintained in proper format. Whenever a regular patient will visit hospital his complete diagnosis chart along with case papers will be provided by the system. Also patient will be able to view his information and diagnosis details online by logging on to the system on the internet which will be of great help to patient as well as there family doctors.

Staff Record Maintenance

The system keeps track of the entire staff of the hospital. The details of each and every staff (User) will be maintained online and a username and password will be provided to concern users so that they can log on to the system and perform activities related to there concern department. Also a user with proper access and rights is provided and can add, delete and modify records of the existing users to the system.

Doctor Consultant

The system will provide a forum for the senior as well as junior doctors so that they can consult with each other online. It will be of great help for the doctors, surgeons and practice students to keep track of there activities and schedules as well as it will save a lot of time of users since they can consult, communicate and share information online.

Billing System

The entire billing system for the patient will be automatically created. It will include the expenses of all kind and in the end when the patient gets a discharge the entire bill will be generated automatically. The bill will contain all the expenses, which should be charged to the patient for the period for which he was admitted to the hospital. Out Patient Billing is also taken care-of.

Infrastructure Maintenance

The system keeps a detail record of the existing infrastructure and its record. All the assets and liabilities will be kept well maintained and any addition or removal will be kept updated.

Medical Equipment Maintenance

The total medical equipment maintenance will be taken care of. The items included will be disposable, non disposable equipments and their proper maintenance.

Points to ponder

Web based health care management

Paitents management

Easy cash flow

Customized reporting

Barcode based patient identification

Infinte medical records

 

Realty Listings pro is a property listing solution

At the core Realty Listings pro is a property listing solution 

which caters to all realty professionals, in spite of the type of property they are selling, leasing or sharing. Fully featured system includes extensive search options, image uploading and easy to configure listings. Get all your listings on the web with easy to use web-based real estate listing management solution Create property listings,property types,terms and conditions and even upload images for floor plant availability etc. Full featured searching available. An easy-to-use interface, customizable to your business needs, allows you to define the exact behavior of your searches and workflow management.

Salient features of Realty Listings Pro:Secured Document Distribution

We always care for our green earth, Distribute and access your documents in cloud based concept by sharing those with any node of your business including vendors, clients, tenants and more.

Search Engine Optimization

Boost your property site ranking on search engines like GoogleTM with our build-in SEO module. Meta-tags control, automatic keyword and description generation etc. Built-in and configurable search engine optimizations helps you to ensure your listings are indexed by Search engines.

Lead Generation 

In built one stop solution to leads management, manage, alert and remind your potential clients. Create to do lists, follow-ups and reminders and build successful relationship with your clients. Leads are viewable and manageable via the administrative interface with certain privileges.

Content Management Section

Create and manage the static pages like corporate information, privacy policy etc, and Easy to use user-interface to manage pages.

Property Listings

Supports multiple property classification like residential, Commercial etc. To explore more features and demo please fill the form here.

Points to ponder

Customized property listings

 Automatic Google Maps API integration

 Simple integration in external websites and property portals

 SEO compatible

 All in one solution for real estate website and listings management

 Automatic social media integration

Event Management Solution in Chennai

Our event management offers a user-friendly environment for facility scheduling and event management. Its features are focused on preparing all facets of a facility, providing you with the ability to efficiently organize information and run custom reports. The system is an outcome of sustained research and applied principles of Project Management to the events paradigm.The system can be promptly installed and used for employee meetings,stockholder meetings,

supplier days, college / university events, marathons, fund-raising events, balls. Salient features of Online Event Management:Database Management Manage individuals such as registrants, groups, staff, etc.

Communication

Send mass emails that are personalized for each recipient, invitations, event updates, newsletters, and save email template for future use.

Reports

Make and print reports with any type of information you like including Abstract Reports,Accommodation Reports,Departure Reports,Badge Reports,Faucalty Reports,SPOT Reports,Registration Reports,Workshop Reports,Barcode Reports,Hall Entry Reports etc.You can have an unlimited number of custom reports and template can be made to your desired look and layout.

Contact Management

Note and track every communication with your contacts. Certain types of messages are automatically logged such as confirmation emails and mass emails.

Registration

Public access to event information and User Registration.

Points to ponder

Registration management with e-payment

Exhibitor management

Web presence management

Powerful reporting-business intelligence

Barcode based delegates identity cards

Cash flow management for registrations

Complete CMS for the entire event

Attendee management