A Reverse Mortgage is a very useful home loan option especially for senior homeowners. If you are qualified for a Reverse Mortgage, you need not to pay any monthly payment. Equity of your home repays the reverse mortgage when you sell your home, or die or move out permanently. You, or your children can keep the excess of what you owe the lender.

Tips, which can help you, qualifying for a reverse mortgage:
1) Your age should be at least 62 years.
2) You should have a home on your own name.
3) Older you are, higher the amount of reverse mortgage.

Reverse mortgage is beneficial for you if you regularly require money for your living without facing any financial scam. For instance, your age is 65 years, it is obvious that you cannot work on your own in this age; you have no additional source of income but your are a owner of luxurious home, in this critical situation reverse mortgage can help you.

Reverse mortgage is also helpful in situation when you don’t want to leave your home for your children. In this situation, your home will repay reverse mortgage after your death. Reverse mortgage is available in all the major cities of United States. If you are residing in or around California, then you can take the benefit of California reverse mortgage.

If you are unable to go to a bank or any financial institute for a reverse mortgage loan, you can get information about all type of senior homeowner loans online and can apply online too. Your money will be directly transferred to your account.

A reverse mortgage calculator is a pre-application estimate of how much the applicant is liable to receive, and all that it takes to find out is to enter a few simple pieces of information such as age, spouse or work partner’s age, estimated home value, and that’s it.

Money received as reverse mortgage will be tax-free. Reverse mortgage thus permits you to live in your home happily in your golden years. However, we advice you to consult a financial adviser before applying for a reverse mortgage.

Direct consolidation loan gives the opportunity to the borrowers to consolidate all of their educations loans into a fresh loan know as federal direct consolidation loan. Getting converted all the education loans into one gives many advantages to the borrower such as low interest rates, payment to one lender, reduced monthly installments etc.

Federal direct consolidation loan is one in which an individual takes a loan not from any commercial lending institution but directly from the Federal Government, while federal loan consolidation is the act of consolidating outstanding loans.

A federal direct student loan is a loan offered by the government to students that need financial help for collage expenses. This program was started by the Department of education and with its help any student can now study properly without having to worry about his financial situation. Without this program, many students who had the intellectual ability of getting through collage but not the financial resources wouldn’t have any chance at higher education. But because the federal direct student loan aim for students with financial difficulties, anyone can now go to a great collage based on intelligence only and not on money.

The way a federal direct consolidation loan works is simple. The student is issued a new loan equal to his total loan amount after the government pays off all his outstanding loans. The new loan issued gives the student the benefit of enjoying a lower monthly payment by extending the student’s repayment term (which can stretch up to 30 years). The credit rating of the student also improves since his outstanding loans are effectively cleared when the old loans are repaid.

Their would be multiple factors affecting your decision for direct consolidation loan. But you must look into the following factors carefully while doing so. It will be good idea for you to go for federal direct consolidation loan if you have more than one one or two education loans with more than two monthly payments to be made.

As you get cheap interest rates on federal direct consolidation loan, therefore, its becomes more attractive to go for. One of the most important factors that you must check that how much principal and interest you have paid for the existing loans. If you have not paid more interest and the loans are not very old you must go for consolidation loans.

Sebagian umat Islam ada yang meragukan kehalalan praktik perdagangan berjangka. Bagaimana menurut padangan para pakar Islam? Apa pendapat para ulama mengenai trading forex, trading saham, trading index saham dan komoditi? Bagaimanakah hukum Trading Forex dalam pandangan Islam?

Nabi Muhammad SAW bersabda: “Jangan engkau menjual sesuatu yang tidak ada padamu”
(HR. Abu Hurairah)

Oleh sementara fuqaha (ahli fiqih Islam), hadits tersebut ditafsirkan secara “saklek” (apa adanya). Pokoknya, setiap praktik jual beli yang tidak ada barangnya pada waktu akad hukumnya haram. Penafsiran secara demikian itu, tak pelak lagi, membuat fiqih Islam sulit untuk memenuhi tuntutan jaman yang terus berkembang dengan perubahan-perubahannya.

Karena itu, sejumlah ulama klasik yang terkenal dengan pemikiran cemerlangnya, menentang cara penafsiran yang terkesan sempit tersebut, seperti Ibn al-Qayyim. Ulama bermazhab Hambali ini berpendapat bahwa tidak benar jual-beli yang tidak ada barangnya itu dilarang. Baik dalam Al Qur’an, sunnah maupun fatwa para sahabat, larangan itu tidak ada.

Dalam sunnah Nabi, hanya terdapat larangan menjual barang yang belum ada, sebagaimana larangan beberapa barang yang sudah ada pada waktu akad. Larangan tersebut bukan ada atau tidak adanya barang, melainkan garar. Garar adalah ketidakpastian tentang apakah barang yang diperjual-belikan itu dapat diserahkan atau tidak. Misalnya, seseorang menjual unta yang hilang. Atau menjual barang milik orang lain, padahal tidak diberi kewenangan oleh yang bersangkutan.

Prof. Drs. Masjfuk Zuhdi dalam bukunya yang berjudul “MASAIL FIQHIYAH – Kapita Selecta Hukum Islam”, diterangkan bahwa Forex (Perdagangan Valas) diperbolehkan dalam hukum islam.

Perdagangan Valuta Asing (Valas) timbul karena adanya perdagangan barang-barang kebutuhan atau komoditi antar negara yang bersifat Internasional. Perdagangan (Ekspor-Impor) ini tentu memerlukan alat bayar yaitu uang, yang masing-masing negara mempunyai ketentuan sendiri dan berbeda satu sama lainnya sesuai dengan penawaran dan permintaan diantara negara-negara tersebut, sehingga timbul perbandingan nilai mata uang antar negara.

Perbandingan nilai mata uang antar negara terkumpul dalam suatu bursa atau pasar yang bersifat internasional dan terikat dalam suatu kesepakatan bersama yang saling menguntungkan. Nilai mata uang suatu negara dengan negara lainnya ini berubah (berfluktuasi) setiap saat sesuai volume permintaan dan penawarannya. Adanya permintaan dan penawaran inilah yang menimbulkan transaksi mata uang. Yang secara nyata hanyalah tukar-menukar mata uang yang berbeda nilai.

HUKUM ISLAM DALAM TRANSAKSI VALAS

1. Ada Ijab-Qobul yaitu perjanjian untuk memberi dan menerima
    * Penjual menyerahkan barang dan pembeli membayar tunai.
    * Ijab-Qobulnya dilakukan dengan lisan, tulisan dan utusan.
    * Pembeli dan penjual mempunyai wewenang penuh melaksanakan dan melakukan tindakan-tindakan hukum (dewasa dan berpikiran sehat).

2. Memenuhi syarat menjadi objek transaksi jual-beli.
    * Barangnya suci (bukan najis).
    * Dapat dimanfaatkan dan diserahterimakan.
    * Jelas barang dan harganya.
    * Dijual (dibeli) oleh pemiliknya sendiri atau kuasanya atas izin pemiliknya.
    * Barang sudah berada ditangannya jika barangnya diperoleh dengan imbalan.

Perlu ditambahkan pendapat Muhammad Isa, bahwa jual beli saham itu diperbolehkan dalam agama.

“Jangan kamu membeli ikan dalam air, karena sesungguhnya jual beli yang demikian itu mengandung penipuan”. (HR. Ahmad bin Hambal dan Al Baihaqi dari Ibnu Mas’ud)

Jual beli barang yang tidak di tempat transaksi diperbolehkan dengan syarat harus diterangkan sifat-sifatnya atau ciri-cirinya. Kemudian jika barang sesuai dengan keterangan penjual, maka sahlah jual belinya. Tetapi jika tidak sesuai maka pembeli mempunyai hak khiyar, artinya boleh meneruskan atau membatalkan jual belinya. Hal ini sesuai dengan hadist Nabi riwayat Al Daraquthni dari Abu Hurairah :

“Barang siapa yang membeli sesuatu yang ia tidak melihatnya, maka ia berhak khiyar jika ia telah melihatnya”.

Jual beli hasil tanam yang masih terpendam, seperti ketela, kentang, bawang dan sebagainya juga diperbolehkan, asal diberi contohnya, karena akan mengalami kesulitan atau kerugian jika harus mengeluarkan semua hasil tanaman yang terpendam untuk dijual. Hal ini sesuai dengan kaidah hukum Islam :

Kesulitan itu menarik kemudahan.

Demikian juga jual beli barang-barang yang telah terbungkus/tertutup, seperti makanan kalengan, LPG, dan sebagainya, asalkam diberi label yang menerangkan isinya. Vide Sabiq, op. cit. hal. 135. Mengenai teks kaidah hukum Islam tersebut di atas, vide Al Suyuthi, Al Ashbah wa al Nadzair, Mesir, Mustafa Muhammad, 1936 hal. 55.

JUAL BELI VALUTA ASING DAN SAHAM

Yang dimaksud dengan valuta asing adalah mata uang luar negeri seperi Dollar Amerika (USD), Poundsterling Inggris (GBP) , Ringgit Malaysia (RM) dan sebagainya.

Apabila antara negara terjadi perdagangan internasional maka tiap negara membutuhkan valuta asing untuk alat bayar luar negeri yang dalam dunia perdagangan disebut devisa. Misalnya eksportir Indonesia akan memperoleh devisa dari hasil ekspornya, sebaliknya importir Indonesia memerlukan devisa untuk mengimpor dari luar negeri.

Dengan demikian akan timbul penawaran dan perminataan di bursa valuta asing. setiap negara berwenang penuh menetapkan kurs uangnya masing-masing (kurs adalah perbandingan nilai uangnya terhadap mata uang asing) misalnya US$1 = Rp. 9.000,00. Namun kurs uang atau perbandingan nilai tukar setiap saat bisa berubah-ubah, tergantung pada kekuatan ekonomi negara masing-masing. Pencatatan kurs uang dan transaksi jual beli valuta asing diselenggarakan di Bursa Valuta Asing (A. W. J. Tupanno, et. al. Ekonomi dan Koperasi, Jakarta, Depdikbud 1982, hal 76-77).

DONATING YOUR CAR TO CHARITY | HOW TO DONATE A CAR TO CHARITY

When you want to donating your car, the charity you have chosen is responsible for the tax vouchers needed. It also saves you the hassles of having the car appraised, looking for buyers, or paying for car repair charges that often come with older cars. To save you the trouble of constantly paying these costs, it is better to consider donating the car instead.

Although most charities receive cash donations, the number of car donors has been steadily increasing through the years. Most car donors opt to donate their old cars instead of selling them since the resale value of their cars are way lower than they expect.

Giving your car to charity may generate more value than selling it at a really low price and is far more practical than just not using it. Donating used cars may solve the problem of getting rid of old cars.

It is common to donate old car appraised for less than its expected market value. Donating your car to charity proves to be a better option since it generates more value, especially since it is tax deductible.

There also have been cases when stolen cars retrieved by the owners are donated simply because the cars no longer “feel the same.” First check with your local charities and see if they can accept car donations. For those charities that are not set up to handle donations they hire companies that are set up to resell your car, usually called car donation brokers through car donation programs.

Make sure to ask if the charity is IRS-approved 501 9(c) (3) or is a qualified religious organization such as a church, temple or mosque in order to accept the donation.

Once you know what charity you’re going to donate it to, you can save the charity some money by dropping off the car or vehicle yourself. Some charities charge a removal fee and you can avoid this. If the car or vehicle is worth more than $500, that you can claim a charity tax donation.

If your car is worth more than $500 then you’ll need to file IRS form 8283 with your tax return. So check the IRS form for exact details. You’ll also need your charity receipt and a copy of the change of ownership in the title.

This is basically how to donate cars to charity. To donate a car to charity is a nice and helping step for the needful. While you think of donate a car to charity always go step by step and giving a proper focus to below mentioned follow ups:

Step 1: Determine What to Donate
First, decide what type of car you want to donate to the charity, whether SUV, RV, small car, luxury car or else.

Step 2: Determine the Value of Vehicle
Since January 2005, a new tax law has been in effect, the IRS is responsible for deciding the value of the car that has to be donated. You will get the receipt at that time when the charitable trust picks the car from your place and later on will send you another receipt determining selling price of your donated car which will act as your deduction on the tax return.

Step 3: Complete Donation Form
You need to fill the form for donation. After your form has been reviewed then the process of donation will begin with a bang.

Step 4: Acquire the Title, Arrange for Pick up
The pick ups are performed by the shipping companies, therefore make the special instructions before the donation of the car. This way you can easily how to donate cars to charity.

CHEAPEST MOTOR INSURANCE | MOTOR INSURANCE QUOTES

Finding a cheap motor car insurance is not very difficult. Finding the right type of motor car insurance that fits your situation and the desired coverage may be a little more difficult. With all policies and quotes you see online and in person, how do you know which insurance is best for you and your family? Here are some tips to help you get the best deal on car auto insurance.

Many people do not know that you can get cheap motor car insurance by following the advice is very simple. One of the first things you want to do is get price quotes online. Almost all vehicles motor insurance brokers today offer a fast free quote on the site.

This quote will allow you to compare offers from brokers to see who offers the best conditions, even if they are not usually very broad and inclusive information. Get about four or five quotes would be more than enough. Always remember that the cheapest price does not mean the best deal. This is probably a better deal, there will be for you to your desired amount of coverage.

Save on cheap motor car insurance can also be done by following these simple tips as well. Increase the deductible on your motor car insurance. Increasing your deductible will lower your insurance premiums. The main reason for this is that you need to take more charge in the event of an accident.

Another way to reduce your motor car insurance is to protect your vehicle in the street and in a safe place like a garage. Motor car insurance brokers like to see people who are proactive in protecting their vehicles and themselves. Take a defensive driving course can reduce your insurance premiums and motor vehicle. Every little bit counts.