Mortgage interest rates have started to creep up! There may never be a better time to:
Purchase a Home
Get a Home Equity Loans
Get a Equity Line of Credit
Consolidate Your Debt
Get a Second Mortgage
Make a Home Improvements
If your credit rating is less than perfect you can even apply for bad credit loans
Check out our mortgage calculator to see your estimated payment for different loan amounts, interest rates, and terms.
What's advantage for you:
Bad Credit Loans
If your credit is truly damaged, you may need a
"SubPrime" loan. These loans may have higher interest rates, but they can often get you approved when no one else can.
Refinance Your Home Mortgage
Refinancing replaces your existing loan with another lower interest rate loan
for the same amount. This can save you tons of money when market interest rates drop 1 or more percentage points
lower than your present rate. Refinancing can be used to reduce your interest rate, change the term of your loan,
or to consolidate your debts.
Home Equity Loans
With a Home Equity Loan you can use your home as collateral to consolidate
bills, make home improvements, buy a new car, plan a vacation, etc. The minimum amount available for a loan is $10,000, but you can borrow as much as $250,000.
There are no closing costs or fees associated with the loan.
Signup for a free debt reduction analysis and see how you can save lots of money!
If you don't want to refinance your existing first mortgage,
but would like to use your home equity for debt consolidation or just to get cash for any purpose.
The Title I loan is for individuals requiring funds for home improvement,
but who have little or no equity in their property or who live in a state where equity loans are very limited.
If you have some equity in your home you may want to consider refinancing for your home improvements.
Title I loans bear a higher interest rate than other loan types available.
First Time Home Buyer Loan
Generally, a lender will
want your monthly mortgage payment to total no more than 29% of
your monthly income before taxes and other paycheck deductions
are taken out. Use our mortgage calculator to see what will be
your monthly payment
Take just 5 minutes and find the loan that fits your needs and save thousands of dollars, and best of all it's FREE!
Mortgage Interestrates Blog
What You Need to Know About Predatory Lending
While a lot of people may see lending companies as the solution to all of their problems if they need immediate money to pay for their bills or pay for an emergency, there are a lot of companies that actually take advantage of the situation and milk the borrower until he or she has nothing left. I have read about these companies in real reviews for truthfinder and some other similar background check services.
These companies are engaged in a practice that’s known as predatory lending and it’s a type of lending that makes use of the desperation of borrowers who need money right away. How exactly do you spot a company that engages in predatory lending? Here are a few signs to watch out:
Take note that all lending companies make use of risk-based pricing. They would usually price or set interest rates based on the credit history of the applicant. They would make the applicant go through their background check services and see how the applicant is as a payor. However, predatory lenders take this pricing to the extreme by charging extremely high interest rates for those who are most likely to default payment. That way, the lenders will already guarantee their interest every month.
Excessively High Fees
Another sign of a predatory lender would be extremely high fees. Predatory lenders would charge extremely high document preparation fees, closing costs, and more. If you see that a lending company has fees that are so much higher than the market’s fees, then you better watch out.
If you notice that there are some packages in the loan that are pretty useless, then you’re most likely borrowing from a predatory lender. For instance, if there’s something called credit insurance (which is an insurance cost in the event the borrower dies), then take it as a red flag.
Misrepresentation of Information
Have you ever had a slick salesman trying to sell you a loan opportunity and try to disclose as little as possible? Then you’re most likely trying to be persuaded by a predatory lender. One of the things that you may want to watch out for would be when the advisor will keep on targeting your emotions rather than presenting the facts of the loan. If ever you notice inconsistencies in the contract (especially the fine print) and what the salesperson is saying, then start being wary. One very obvious sign is if they’re rushing you to sign the papers. Do not ever rush to sign anything. Read every word carefully and digest everything properly.
Predatory lenders do not have a license for their practice. When someone is trying to sell you a loan opportunity, always ask them for their license details and do your research. If they cannot present a license, ignore them. If they do, then double check to see if their license details are legit; you can do this by checking what financial institute they’re affiliated with and calling up the respective institute.
In this day and age, it is very common for anyone to fall prey to predatory lenders because of desperation. Even if you are desperate though, always take time to consider your options. Always borrow money from legitimate institutions that are quite known in the financial world. Don’t fall for false promises of lenders helping you when you’re down. Always do your due diligence so you can protect yourself from these people.
Getting a Business Insurance for Hosting Companies
Working on a web hosting company means that you work on the ‘invisible’ side of the internet, though it’s not as bad as it seems. This means that you only have to put your mind into working on how to maintain the servers, store numerous files, and host a lot of services that is needed by many people on a regular basis.
However, like normal businesses, web hosting companies like certahosting.co.uk can also be liable to lawsuits and property loss. No matter how small your web hosting company is, it can be so important for other businesses that benefit from it, so if anything goes wrong, you will be responsible for their loss.
The Right Insurance Policy for your Business
No matter how large the risk is for your company, you can still mitigate it and go on without fearing bankruptcy if you know which insurance policy you should get. The following are the recommended insurance policies with the protection a web hosting company needs:
General Liability Insurance
General Liability Insurance offers a core of commercial liability coverage that concentrates on universal concerns. Instances like accidental damage to the property of a client or a guest being hurt while staying on the company premises can be covered by this kind of insurance.
Errors and Omissions Insurance
Even while working on web hosting companies or as a tech professional, there are still chances that you’ll encounter clients making various complaints that will eventually turn into lawsuits. A small misunderstanding, incompatibility issues, and data breach can cost you a lot of money when it heads to court. Thus, you must include Errors and Omissions Insurance to your risk management plan as it will cover you in this kind of instances.
Cyber or Online Liability Insurance
Cyber or Online Liability Insurance has two types, the first-party and the third-party cyber liability. The former helps the business cover the expensive costs due to data breach like advertising and conducting PR movements to reestablish reputation, addressing cyber or online extortion demands, notifying the affected customers or clients about the breach, and credit monitoring services. The latter, conversely, can help you cover costs when your client experience the data breach, then decides to sue your company in order to recover their losses. It can help you in terms of court costs, fees for an attorney, and judgments or settlements.
Business Owner’s Policy
Business Owner’s Policy is very handy for IT professionals because it acts as a safeguard in case an uncertainty occurs. It covers your business both in terms of a liability claim and natural disasters such as a tornado, fire, and even criminal activity that can also damage your property.
Property losses, liability claims, and natural disasters—they can all be unexpected for every business so it’s important to prepare insurance plans beforehand. No matter what business you have, the cost brought by these kinds of events can bring you to bankruptcy so you don’t want to take them for granted.
For web hosting companies, it’s a good thing that there are existing insurance policies dedicated for them to act as their safeguard. With the right insurance policy, you don’t have to worry about the risks that are going to happen anytime.
How To Choose A Handyman For Your Garage Door At Home
Despite how simple their purpose may appear to anyone at first, garage doors are amazingly powerful fixtures in their own right. They can greatly enhance the façade of any home and provide protection for your car from harsh outdoor conditions. However, there will be times when your garage door breaks down and a simple do-it-yourself fix can’t put it back into shape. When that happens, don’t fret because all your broken down garage door needs is a good home handyman like electric gate repair Hacienda Heights to give it a quick fix. Don’t have anyone in mind? These qualifications below might help you find the right one for you.
The Right Attitude
When choosing someone to do major repairs for you, it’s good to have a person who can deal with everything professionally. There are several individuals who put themselves out there as garage door repairmen when, in fact, they’re just in it to make a few quick bucks. Real professional handymen take good care of their customers and are more than willing to lend an ear to listen how they want the job done because they know that every case is different. Who wants to work with a rude guy, anyway?
An Adequate Amount Of Experience
Driving a nail through plywood sure is something that can be done right for the first time, but garage doors are on a whole new level of complexity that might leave your dad scratching his head for ideas. Similarly, when you hire a repairman, make sure that he has an adequate amount of experience in the field or have at least come across the same kind of problem you are currently experiencing with your garage door. By doing this, you are assured that the job will be done well and efficiently, and they can even give you advice on what to do to avoid wrecking your garage door again.
A Good Image
Nothing brings in or turns away more customers effectively than reputation. In choosing a handyman, it pays to look around and listen to what people have to say to mitigate the risk of making a bad investment for your much-needed garage door repair. Talk to people and ask their opinions, visit the handyman’s website, social media accounts and pages and read online reviews from previous customers. Once you are satisfied with your little background check, decide.
Say, you have already rounded up the perfect man to repair your garage door—a great personality that you can work with at ease and a veteran in the door repair field who is also highly recommended among your peers. Now here comes the million-dollar question: can you pay him? If the answer is yes, then good for you! But if your budget for the repair isn’t enough, it might be wise to negotiate. Try asking if it’s alright to pay in installments through a bank check, credit card, or any mode of payment you can think of that suits your financial capability. If things come down to the worst, don’t be afraid to compromise and hire someone else instead.
Repairs are a regular part of life, and investing in the services of a repairman is a practical move that can save anyone from purchasing an expensive new garage door with an equally hefty installation cost. After all, nothing lasts forever, but with a good home handyman, things can last longer.
Tips to Get Approved for a Mortgage Loan for your Delivery Business
Most people do not know about getting a mortgage loan. They assume that a mortgage loan is the same as a car loan or any other loan. They do not know the difference and end up getting disappointed when their mortgage loan is denied. Below are a few tips and 2018 review on sun basket for mortgage loan approval for your home meal delivery business.
Know Your Credit Score
It only takes a few minutes to pull your credit report to find out your credit score. A low credit score and credit fraud can be the reasons why your mortgage loan for your delivery business is being denied. The minimum credit score in 680. This is according to the Home Loan Learning Center.
There also other factors that affect your credit score. They include several missed payments and derogatory credit. To improve your credit report, clear all your loans and pay your bills on time. Before applying for a mortgage, clean your credit history and fix any other errors on your credit report.
Before a lender can approve your mortgage, you need to make a down payment. This means that you need to have some cash depending on the mortgage loan requirements for your delivery business. However, on average, a lender requires a 3.5% down payment. The higher the down payment, the higher the chances of having your loan approved.
Down payments are not the only expenses you require. You require money for home inspections, title deed searches, application fees, home appraisals, and credit reports among other reports. You also require money for the closing cost, which is 3-5% of the total mortgage balance.
Maintain Your Job
Sticking to your employer while in the process of getting a mortgage is crucial. Now that you are about to open your own food delivery business, it is tempting to quit your job in preparation for the new one. This will be a warning flag for lenders. They approve the loan based on your income status and having a change in your employment that results in a lower income or no income at all can delay the mortgage process.
Clear Other Loans
The less you owe creditors, the better your qualification for a loan is. Lenders evaluate the debt to income ratio when approving the mortgage. The entire monthly debt payments should not be over 36% of your total income. Clear all consumer loans to increase your chances of having a mortgage approved.
Also, avoid new debts before the mortgage has been closed. In addition, avoid making major purchases until the mortgage has been closed. These mean that you should not buy a new car or large home appliances. Co-signing someone else's loan can also affect the score.
If you are not approved for a mortgage loan for your delivery service, do not get disappointed. Use it as a motivation to improve your credit scores. Implement a realistic plan and stick to it. Several people have risen from bankruptcy and ended up purchasing their first house or opening their delivery business and so can you.
How to Renovate Your Rental Property Kitchen
Most people enjoy healthy home cooking, and as potential tenants are on the hunt for their next rental property, the kitchen is a significant consideration. One of the biggest challenges when renovating a kitchen is the budget. With that in mind, right here is a look at how to renovate your rental property kitchen.
Budgeting rental property kitchen renovation includes the consideration of how you are going to finance it, how much you can effectively afford, and how much return you will get out of it. For instance, if you are funding the renovation from a loan, you should consider how much interest is being charged and how it relates to the incremental returns from the renovation.
While considering your budget, you need to be keen on what you can comfortably afford. You do not want to get stuck mid-process. That would mean that your property will remain uninhabited until you can finish the renovation, a factor that will lower your income. Also, ensure that you have enough savings in case of emergencies.
The first thing to note as you consider how to renovate your rental property kitchen is the material’s durability. How you take care of your house is not the same way your tenants will. Tenants’ abuse of your rental property is normal. Even when you get long-term tenants, they will not take care of it with the same magnitude as they would with their own.
As you take into account the materials to use, consider the ones that do not need regular maintenance and replacement. For example, laminating the bench-tops is an inexpensive yet striking and practical move to do for your property. Melamine is another economical choice for the doors and drawer fronts, and as they are hard wearing, you will not need to maintain or replace them regularly.
The choice of materials needs to be utilitarian and, at the same time, eye-catching to avoid compromising the quality of your rental property.
The success of healthy home cooking significantly depends on the kitchen appliances. While renovating your rental property kitchen, considering cheap appliances is not ideal. Such appliances break down regularly, and the repair and maintenance cost will lower your returns. However, it does not mean that you should get expensive appliances.
The kitchen appliance market is competitive; shop around and ensure that you get value for your money. Some ovens, dishwashers, sinks, fridges, and microwaves are expensive as a result of the brand and do not necessarily mean that they are any better than middle-range appliances.
Go for high-quality yet affordable appliances. Also, note that even when you go for the expensive brands, your tenant will be thrilled, but it does not automatically translate to higher rent as they may not be willing to pay that extra buck.
Renovating your rental property kitchen ensures that your property is modern and competitive in the market. The renovation also appraises the value of your property. However, avoid strenuous renovations as they may not be worth it and, at the same time, may lead to prolonged income loss as you struggle to finish the process.
Singapore's Redbrick Mortgage Advisory Development Explained
Being successful takes courage. There is going to be no success if you do not take the first step to it. Apparently, Eugene Huang has conquered these preliminary steps. In fact, he already knows so much about mortgages that his mission right now seems to be to help more people that he can.
Huang was first a mortgage advisor, but then he did not settle for less. He wanted to achieve more. So, he worked hard and became the head of the sales team which, as of the moment, already handles SGD24 billion.
Huang realized that it is the customers who pay his salary and not the banks which made him value the customers more. And so, his mission of helping them as much as he could have emerged. Since talking about real property is a serious and most often than not, complicated, Huang built the RedBrick Mortgage Advisory. What this does is that it provides an opportunity for the customers who want to buy a property to have convenience in comparing interest rates and mortgage package offers.
With his expertise in mortgage and a friend who owned a web design Singapore company, the RedBrick has been founded. Although, his co-founder has left the business shortly after having been established.
So, what could be the primary advantages of RedBrick among other similar business?
As you may have realized in the past few years, the marketing venture of businesses has upgraded with regard to the development of technology. In this decade, almost everything has been made simple through the presence and availability of the online community.
RedBrick has the primary advantage of being established online. With the appropriate web design, more and more customers find it accommodating and absolutely more convenient to go to. From this, you can just imagine how competitive the web design in Singapore is.
Expertise and Insight
Although the platform has a lot of advantages for RedBrick to be successful, it is undeniable that its expertise and insight also has somehow affected the flow of customers in the business. It is important to note also that Huang knew that customers would very much prefer talking to real people when it comes to purchasing a house or any of the like. So, it is vital for him to be physically present for his customers who are seeking advice.
Trust has also played part in the success of the RedBrick. In reality, there would be no customers if the trust has not been established properly. And for RedBrick, according to Huang, it was like they were selling trust. Meaning, RedBrick has totally been successful in its mission to reach out to more people.
From Singapore's Redbrick Mortgage Advisory Development, there has been a lot to be learned. This is especially so when it comes to handling customers and maintenance of web design. How your website may look like to your customers has an impact as to their impression towards the products and services that you are actually offering.
Things You Should Know If You Plan to Invest in a Property in Vietnam
Vietnam is one of the most promising Asian countries of today. It has remained open to foreign investments, and it is very competitive in the manufacturing sector ever since businesses decided to move away from China. If you are planning to invest in a property in Vietnam, Below are a few things by travel.voyagevietnam that you should know.
Taxes in Vietnam
In Vietnam, there is a value-added tax of 5%. There is also a registration fee worth 0.05% of the value of the property. In addition, there are capital gain taxes of 0.15% of the profit made in the property. The rental income has a tax rate of 20%. However, very few people pay this fee. Vietnam has a land tax which ranges from 0.03% to 0.15% depending on the size of the land. Just like the tax for rental income, this tax is rarely paid.
Safety in Vietnam
The government keeps track of all the properties in the major cities. The land registry is well documented. It is very unlikely to encounter any problems with buying land unless you are buying in a very remote rural area. Any challenges encountered when buying a property will be on the seller's side and will not depend on the government. It is important to know the reputation of the seller before buying a land or property. Buy from well-established companies that have done projects before. Small firms that are still developing have a huge risk of the property not being completed on time or even the project stopping altogether. Sellers may tend to hide some problems like water damage, too, so be very careful.
Currency Used to Buy Properties
The real estate market use gold bars to make purchases instead of cash. The Vietnamese Dong constantly suffers from inflation, and it is one of the poorest performing currencies. Despite the economy doing very well, the currency does not. This makes the sellers wary to use the Dong for large transactions like buying a property.
Places to Invest in The Country
When you travel to Vietnam, there are several places that you can invest in. There are different towns, cities, and neighborhoods to choose from. You can choose urban areas like Ho Chi Minh City, or you can choose beachfront resorts like Da Nang. You can choose from large cities or small cities as well. The small cities have a few hundred thousand people. Each city has something different to offer. Take for example, Hanoi, the second largest city in the country, offers a completely different experience from Ho Chi Minh City. Hanoi is more suitable for political investments as compared to Ho Chi Minh City which is suitable for financial investments.
Despite the fluctuating value of the currency and a few restrictions on foreign investors, Vietnam is a good place to invest a property in. It has huge profits, and there is a variety of properties to choose from when investing. You just have to choose the right property in the right location to get the most of your investment.
Movies You Might Want to Watch Before You Decorate Your Home
If you’re running out of inspiration for your home decoration, you don’t need to worry as you can actually find inspiration in just about anything – even in putlocker movies. So, grab some popcorn and watch one or two of the movies we listed below.
This Is Where I Leave You
Ha-ha! Now I know how the title sounds, and I am not here endorsing this movie, though, the whole set of the movie is a shining star in the dark night for those who are looking for bright and welcoming interiors like typical and simple yet beautiful homes. Give it a shot.
So, what is up with this one? Well, it gives a summary about French designs that are mostly focused on color saturation and vintage styles. Not to mention the supreme decorum they have in them. The sets of boudoirs shown in this movie are undoubtedly the finest ones if you are considering for proposals to make your house more and more imaginative.
This is for those who are a little more predisposed to avant-garde designs. Are you one of them? If yes, then this movie is best for explaining macabre, gothic color scheming and furniture choices for off-the-wall designs.
Under The Tuscan Sun
What about folks who like Italian villas? No problem! We have just the flick for you. There’s no modest choice for this one. It is, by far, the most relevant and up-to-the-mark movie regarding the sets shown as Italian villas and are perhaps the best ideas you can have off of this.
Eat Pray Love
Exotic designs in this movie are to be seen in every scene but do not fool yourself as there is more than what meets the eye in this movie. The main character travels all across the world, so there are plenty of choices to make.
The Royal Tenenbaums
This movie is nothing less than a full-on meal for your eyes! Each room shown in this movie is the result of a different imagination.
Based on the time during WWII, this movie symbolizes the feats of British designs. If you want your home to be full of expensive sparkling marbles, rumbling walls and shining floors. This might be just the movie for you.
Down with Love
This movie features the pink over-the-top apartment of Barbara Nova. You will surely be fascinated by the pretty bright colors and unique sets of furniture in the setting. You will also be left in awe with Barbara’s beautiful rooftop terrace.
500 Days of Summer
If you want to give your space a warm, quirky and inviting effect, then you will surely get inspiration from Summer’s bedroom.
Decorating a house is certainly an exciting task. However, it can also be an exhausting one. Luckily, there’s an endless list of movies that you can watch to get home decoration inspiration. You just need to pick the right movie, and you’re good to go.
Funding Surgeries by Selling Homes
Today, despite getting medical insurances, there’s no denying that surgery is one of the most expensive procedures in the medical field. Thus, a lot of us find alternatives to lessen the burden of paying the heavy expenses. One of the most common options to alleviate the cost is actually selling your own house to pay off the bills. Here is a recent in-depth news about what’s really happening:
Grey Power Predicts an Increase in Surgery Demands
According to recent statistics, Progressive Spine & Orthopaedics specialists warned that by 2026, the demand for hip and knee replacements will double. Grey Power, an insurance broker company, mentioned that multiple elderly patients have resorted to selling their homes in order to fund elective surgeries to avoid possible long-term disability and pain.
In fact, out of 1500 members that took the company’s survey, 56 of them mentioned that they sold their homes just to pay for their elective surgeries. One of the main reasons why they’re pushed to sell their homes is because they can’t access the public healthcare system and find cheaper alternatives.
The Government Not Funding for Elderly People
Tom O’Connor, Grey Power’s president, stated that the previous and current government leaders have failed to recognize the demand for elective surgery. In reality, the aging population has no proper and enough funding to support their surgical needs, thus making them inactive or possibly disabled. For O’Connor, this becomes a huge burden in the long run because it will significantly affect an area’s capacity to produce and maximize its resources.
In Grey Power’s survey, they also found out that around 200 members are waiting to undergo surgery for 6 years. 22 of them also declined as they can’t wait anymore and that they’re already too old to proceed.
Orthopedic surgeons, together with other secondary practitioners support the idea. Even a spine surgeon, sees the importance of caring for the overall health of the muscles, thus joining the plea for a change in the healthcare system.
According to the New Zealand Orthopedic Association (NZOA), the health system of today will not be able to cover and cope with future demands. This would mean that people, especially the elder ones, would be subjected to pain unless something is done to make surgery accessible.
What is Needed
In order for people to not resort in selling their houses, the existing crisis should be dealt with seriousness. For instance, aside from the needed financial aid that the government should provide, other related health practitioners such as nurses, anesthetists, therapists, and the like should be trained just for this, and the hiring process should already be running today. In addition, clinics, hospitals, and hospices should now be constructed to cater to the looming number of patients in the near future.
It is sad to hear that people end up selling their beloved homes just to cater to their basic medical needs. After all, medical health is something that we all should have access to, no matter how much we earn. Regardless of the income, health care systems should be something that we can get right away. Hopefully, in the future, it will change for the better.
How to Buy a House with Bitcoin
There are many emerging trends in the trading industry. In the recent past, much has been said about bitcoins. For the few who have not heard of them, they simply refer to a cryptocurrency which does not involve the central bank and utilizes the encryption technique to regulate funds. When crypto trading with bitcoins, no third party is involved. The buyer and sellers transact directly.
Although there have been warnings about future negative fluctuations in the value of bitcoins, investors have continued to invest heavily in them. The housing industry also has begun to dips its toes into bitcoin trading, and now, even houses can be exchanged with bitcoins. There exist hundreds of merchants who trade in bitcoins. They include Microsoft, Expedia, and many more. And now, even the real estate industry is adopting the technology.
If you’re thinking it’s hard to buy a house using bitcoin, you’re wrong. In fact, it is very simple. There is only one thing that should be set right: both the buyer and the seller must agree on how to transact bitcoin for the property. Platforms like Auto Trader for Bitmex has made it easy to do bitcoin exchange.
The first house to be exchanged using bitcoin was in the year 2017 in Texas. The parties involved in the transaction utilized the BitPay platform. This platform converts bitcoin to dollars. BitPay has been hailed for handling other real estate transactions efficiently-- the most notable one being the Lake Tahoe property which was sold out in the year 2014 for 2,739 bitcoins.
In bitcoin transaction, BitPay plays the following roles to enable selling and purchase:
It enables you as a businessman to accept bitcoin and bitcoin cash for your business. It has retail, billing, e-commerce, and other donation tools to receive payments from customers worldwide. This platform has made the world a global trading village. With platforms like BitPay, you will be able to buy a house anywhere.
Bitcoin exchange platforms enable you as a businessman to easily manage finance in one app which offers a secure and open source wallet. The BitPay application, for example, is available on most mobile and desktop platforms.
There are many sites that have made it simple to find properties that can be purchased using bitcoins. It has a search tool that enables you to look for the keywords that you are interested in and the interface is pretty straightforward.
With the open listing, you will be able to:
To see every house as soon as it is advertised on the market. The website will keep you updated on the house or property available that’s within your budget.
It enables you as a property buyer to share offers, tours and your favorites with other buyers.
On this website, you are able to obtain exclusive detailed features of the property you are interested in.
You get smart pricing on every property you purchase.
Services are offered throughout. You can check out anything at any given time.
Though experts warn that purchasing a house with bitcoins may not be simple, it has proved to work. The only challenge that can be experienced is finding an insurance policy which can handle virtual currency transactions. But all in all, bitcoin is a powerful currency in the real estate industry and beyond.
What Every Graphic Designer Should Know About Insurance
Graphic designers can get exclusive insurance policies they can take advantage of. There are standalone and packaged policies that can also be customized for your unique needs. Let’s check them out:
Commercial general liability (CGL) insurance
This provides you with a general coverage for lawsuits in terms of property damage or third-party bodily injury. For graphic designers, this could mean:
A vendor, client, or delivery person falls or slips on your business premises
Either you or your employee damages the property of a client
You unintentionally used a copyrighted material
You were accused of false marketing
You were accused of slander or libel
CGL insurance can cover the medical bill cost or the replacement of the damaged properties. It can also cover your legal defense costs if you come across lawsuits.
Commercial property insurance
This protects your building or office space from damages like theft, fire, vandalism, weather, etc. This policy covers the replacement or repair of the damages. The commercial property insurance even covers cases of business interruption. It covers ongoing expenses like salaries, rent, etc. Should you be unable to operate or temporarily need relocation after covered causes like fire, this insurance policy can also come in handy.
Business owners policy (BOP)
A graphic design business in Singapore may also qualify for BOP. For example, you will find www.secrethideout.sg has such a qualification. It’s a convenient package policy meant for low-risk, small businesses. With this, you can have property, liability, and business interruption coverage all in one affordable custom package. Ask your insurance agent if this is something you can qualify for.
Graphic Designers Professional Liability Insurance
Clients depend on your expertise and skill. You are the one in-charge of ensuring that the branding and personality of the client’s company reflect on the graphic materials you produce. You have a whole list of other job descriptions as well. Any negligence or mistake on your end could put the reputation of the client at stake and do other forms of harm.
Even if the client files a negligence claim against you and it is relatively unsubstantiated, you still need to defend yourself once you’re sued. The Graphic Designers Professional Liability insurance helps you get protected should your services or advice cost the client financial harm or other damages. You can face lawsuit for many reasons like:
Alleged or actual errors, negligence, or omissions
Piracy, plagiarism, or copyright infringement
If you don’t get this insurance coverage, you’ll have to use your personal assets to pay for the legal defense, including the court costs, attorney fees, or any other judgment or settlement.
Other Insurance for Graphic Designers
If you have a large graphic design studio and manage multiple employees, you may need other insurance options like the following:
Nonowned auto liability coverage
Employment practices liability insurance
Workers’ compensation insurance
Cyber liability insurance
Whatever type of business you have, there are heaps of possibilities that you need to be ready for. The best way to get protected is to have the right insurance policies getting your covered.
How to Market Your Real Estate Gigs on Instagram
The New Age of Technology
In today’s age of technology, everything is pretty much easier to do. Money transactions can be done through apps, buying items is now possible even without leaving the comforts of your home, marketers and businesses can now widely advertise virtually, and many more.
Social media itself is part of the new age technology. Facebook, Twitter, Tumblr, and WhatsApp are just a few of the many social media platforms out there. Although there are risks of hacking and things like InstaPort along the way, being a part of social media gives you an advantage of knowing the latest trends, having a wider reach of audience, and so on. If you particularly belong to the real estate industry, here’s how you can do effective real estate advertising through the trusty Instagram.
Real Estate and Instagram
Instagram is a photo and video sharing social media platform. It is pretty rare to find someone who does not use or is not familiar with the application. Knowing that the main posts are just photos and videos, you might wonder, “Why should I consider Instagram when venturing real estate and how do I maximize it?” Here are some reasons to consider creating an Instagram account:
Instagram can potentially give you a bigger reach than Facebook.
Instagram hashtags are more efficient than the SEO or Search Engine Optimization method.
There are 300 million users on a daily basis. In a month, it reaches up to 500 million. On a daily average, 4.2 billion likes happen. With these data, you can say that Instagram is a very popular platform.
It allows you to create and personalize your own real estate branding. You are able to tell your followers and potential clients of who you are as a person and the service you are able to provide.
You are able to interact with people essential to your brand-- it can be potential clients and even fellow real estate agents.
How to Do It?
Convert to business profile. This allows you to see the number of interactions your profile gets, giving you an idea on what and how to improve your brand.
Keep in mind that it works like a search engine. Make use of keywords, hashtags, and geo-tags to get a better reach. These are the ones that will connect you to those who are looking for you, most especially those located in your target areas.
Personalize your profile. Make your own unique brand. If you personalize your profile, it exudes a friendlier approach to potential clients. It creates a connection between you and them.
Real estate and Instagram may seem like an odd combination, at first, but it is indeed a great combination to be able to widen your clientele network—as long as you do it right. Today’s technology is evolving-- so should you. In order to thrive in your real estate industry, you need to maximize all the resources and effective social media marketing strategies within reach.
Cannabis Workers Face Difficulties Getting a Mortgage
Medical marijuana has been around for ages. Its legalization has only recently come to the attention of the public. It has also gained traction with the masses. However, it is understandable why some kind of stigma remains when it comes to topics related to cannabis.
The cannabis industry, of course, directly takes the hit. Even with the passing and approval of state legislation legalizing both medical and recreational marijuana use, it is still not entirely accepted by everyone. Despite this, the cannabis industry is a rapidly growing industry, with more and more facilities dedicated to the cultivation of marijuana and related products – such as CBD Oils – opening each and every day, with more and more employees and workers legally in the sector.
However, it is not only the stigma around cannabis that slows down the growth of this industry, but it is also the legality surrounding its cultivation, production, and usage. As with any business, companies and workers dedicated to the cannabis industry need a bank to put in their money. However, most banks in operation today are still not completely open to negotiating and doing business with any company or person involved with marijuana, as the legalities are still foggy and difficult to navigate.
Looking closer, this creates a problem for the employees and workers who are directly involved with the cannabis industry and those whose primary source of income has something to do with marijuana.
In simpler words, for legal reasons and prohibitions, the mortgage industry and the cannabis industry are still not open to collaborating together. Typically, if a worker gets about fifty percent of his income from a business related to marijuana – for example, a vape shop employee, or someone involved in selling CBD oils – the bank will not allow them to get credit for income, thus, disallowing them from taking out loans.
Although the mortgage industry has seen developments and changes over the past few years, they are still very much torn about this issue. Some experts have come forward stating that it is not that banks are incapable, it is just that they are waiting for one of them to take the lead. In this way they get to measure how other companies and the government will react thereafter, they can decide on a course of action.
There is no business that wants to lose profit after all., Enmeshing with the cannabis industry opens the banks to the large possibility of ending up with dollars upon dollars upon dollars of uncollectible loans. In addition, the unclear legal situation surrounding the cannabis industry exposes these banks to possible suspension or even termination of their licenses.
While workers and employees stationed in stores and working under the cannabis industry work hard to earn a living, concerned parties such as the bank and the government continue their efforts to address this problem. There is not much that can be done at the moment, say experts, but to put faith in the hope that banks rewrite their guidelines to better suit the needs of these employees.
The Celebration That Pushed Them to Debt
Joshua Shroyer, his wife, and their two sons were able to get by even with their student loans and mortgage. However, last 2016 they received news that they were going to have a third boy in the family. The pregnancy was difficult for both the mother and the child. Thankfully, both of them were able to get through it safely even when the baby arrived prematurely at 26 weeks.
The difficult pregnancy forced Ivonne, Shroyer's wife, off work for 6 months. Oftentimes, she was also without pay. Though she only makes $15.75 an hour, without this amount, it will make things hard for the young couple.
The family needed to have both parents earning to pay off the loans and the mortgage. By the time their child was using a baby walker, their credit cards were eventually maxed out, and the celebration of having another child was weighed down by debt. Without the credit cards as a stop gap, the family found it hard to pay their obligations. They eventually stopped paying their loans. Their credit score fell, and interest rates skyrocketed. It came to a point where the couple found it hard to put food on the table.
The Shroyers then turned to payday loans. Unlike a mortgage, you will not need to put anything out as collateral. Plus, the loan is short-term and easy to get. Most states will only need one valid I.D, a bank account, and a proof of income. Another alternative for payday loans is the bad credit loans. Though this type of loan has higher interest rates, it can easily get approved.
Shroyer applied for a $430 loan, but he was given an $830 installment loan instead. What Shroyer did was actually what people often do nowadays. People choose to get the loans with higher interest rates. Almost fifty-one percent of millennials have considered to take out risky loans to cover daily expenses. This includes payments for utilities, rent, and groceries. This is due to salaries having a lower purchasing power. Although Shroyer had to pay higher interest rates, what mattered to him the most was putting food on the table. He also thought of using the loan to pay their bills and increase his credit score again.
There are plenty of loans that can be of help in situations like what the Shroyers are in. You can go for bad credit loans. This type of loan has higher interest rates, but it is often times approved. It also usually taken out by people who have very low credit scores to allow them to build things back together again. Mortgage refinancing loans can also be an option. This type of loan can help you save money and can be used to reduce interest rates or to consolidate your debts. The interest rate decreases when the market's interest rates lower as well. The next option is to take out Home Equity Loans. You can make your home a collateral and use it to consolidate bills and more.
Now, the Shroyers are now slowly getting back on their feet. Their youngest son is already a year old. The mortgage rates increased because their credit score went down. They have to take into account everything from health care to even groceries. The couple cannot easily indulge as well. Though the family is still not out of debt, things are slowly getting back to normal.
Why Should You Buy Home Insurance for Your Dream Home?
Getting a building insurance is different from contents insurance. There are several factors that are not included in the contents insurance but are stated in the building insurance. Building insurance is often added as part of the mortgage that you are paying for your home.
Having a building insurance is very important because it can help you financially, in case of disasters caused by accidental fire, landslides, and other man-made disasters. If you do not have one yet, it is best that you get one as soon as possible or coordinate with your mortgage company to help you choose the cheapest home insurance for your home. Here are some of the things that you need to consider when choosing one.
To what extent is the coverage for your insurance?
There are two types of coverage that you can choose for your building insurance. We have the total replacement coverage and the sum insured coverage. The total replacement coverage includes all the costs that you will need when rebuilding your home. This type of insurance can be expensive considering the total amount of rebuilding your house might be more expensive than the previous one.
The sum insured insurance is cheaper compared to the total replacement coverage. This is because the insurance will only cover a certain amount and that amount can be a fixed price.
How much insurance can I get for my house?
The insurance company has two specific ways to measure the amount of coverage for your house. The company will not only measure the house based on the raw materials but they will also consider the land and location where your home stands.
One of the methods that they consider is the cost per square meter wherein they will give you the amount based on the rough guide on the size of the house and the materials used in building it. The other one is elemental estimating. This method is used to assess the different elements in the building in order to get the correct rebuilding cost, laborers' fees and prices of the raw materials.
Should I also get a contents insurance?
If your building insurance comes with a contents cover, then you won't have to get a contents insurance. But if contents insurance is excluded from your building insurance coverage, call your building insurance company and ask if them if they can bundle both. In this way, it will help you save more money rather than getting two different insurance policies.
When and where should I purchase a home insurance?
Mortgage companies automatically add home insurance whenever you decide to get their service. Make sure that you check the insurance company that your mortgage company is working with. In this way, you will know the coverage and the fees that you will be paying for the home insurance.
How much do we pay for home insurance?
There are several factors that will be considered to get the amount that you will be paying for the home insurance. They will consider the location, the amount of coverage that you wish to get your home insured for and the contents cover.
Insurance companies offer several types of home insurance that you can choose from. Most people will usually choose the cheapest amount for the insurance but you have to make sure that your house will not be underinsured. You need to read the coverage as well as the terms and conditions before buying a home insurance.
Choosing the best home insurance for your home is very important. In that way, you are financially ready to rebuild your home in case of disasters. It is best, therefore, that you contact your mortgage company to help you choose the best insurance policy for your home.
Singaporean Property Affordability Leads to Home Upgrades
The good news for Singaporean property buyers and mortgage lenders is that property is now more affordable than it was in 2013. A report out from Savills Singapore hinted towards a decline in market warmth towards increased property prices. Although many have been holding out for an increase in prices, this trend is yet to be seen. Savills' Senior Director, Alan Cheong, also pointed out that this has led many new homeowners to invest into their homes. Local resident, and new homeowner, Alex Lim, told us that he invested home upgrades. He noted that items such as ceiling fans in Singapore not only enhances the warmth of the home, but increase future property value.
The report put out by Saville detailed that the last quarter bucked the trend with a rise in private home sales compared to previous quarters. This coincided with the release of more private land available for building. This rise eclipsed the trends of the past few years and shows positive signs ahead. Household incomes are moving up and business balance sheets are looking healthier. Hotspot areas such as Riverfront Residences and Sterling Residences saw many new upgrade investments as well as property sales in the past quarter. This trend is due to continue according to the Saville report.
Reasons for Market Cooling
There are many factors in play that are impacting on the Singaporean mortgage market. Many point firstly towards increases in stamp duties for the developers. This means developers are less likely to bid on the newly available land. Without new buildings coming onto the market, the prices of the current properties rose accordingly. Developers are fickle about the small changes in prices in an already tight market. This has some larger banks in Singapore worried about the growth in mortgage loans. However, Citibank Singapore has reported recent increases in housing loans in the first half of 2018.
Locals Investing in Comfort
Many Singaporean locals who had previously been saving for their second property investment are now redirecting fund in improving their current residences. Alex Lim has invested nearly 10% of his mortgage into household upgrades. He believes that with the state of the current property market, he will realize his return on selling the property in years to come when the market picks back up again. Local businesses that offer home supplies have picked up marketing on social networks to ride the demand of local consumers.
Outlook Moving Forward
In the next short to medium terms, many analysts agree that Singaporean home loan growth will be muted. However, in the longer term, as the supply of more land picks up, the market will adjust and pick up the pace with a positive longer-term outlook. Singapore has long enjoyed a globally comparative low-interest rate. It is a gateway city to Asia and foreign investors have always seen the local property market as a positive investment. As a local borrower, always do your research and make sure you choose a loan that suits your circumstances.
What has been your experience with investing in the Singaporean property market? Is the stamp duty too high? Tell us your thoughts and we will publish the feedback in a future post.
3D Printed Houses: How to Convince Clients to Get Your Mortgage Services
3D printing has been changing the real estate world as it continues to allow the creation of prototypes of one’s dream homes. It makes it easier for people to visualize what they want to see in their future homes. It also allows them to create designs that would cater to people with different needs and space requirements. However, mortgage lenders have started to use 3D printing as a way of getting clients to apply for mortgages for them.
3D models for your homes
On most occasions, we do not usually use 3D printed models when we apply for mortgages. When we apply, we usually just give the documents and sign the papers for our mortgage. And once it is finalized, you can have the cash and proceed to purchase your dream house. However, many mortgage lenders have started to use 3D printed house models as a remembrance of how their clients were able to get their dream home with the help of their financing. It makes clients feel that they are well accommodated and well taken care of. This way, both clients and mortgage lenders feel that they were able to build a relationship from a single transaction. Hopefully, that business relationship will not only stop with that lone transaction.
Banks and other mortgage companies can have the 3D printed version before the final signing of papers. One of the requirements for applying for a mortgage includes the blueprint of the house or the picture of the house itself. They can copy the images from there. They can print it with any 3D printers that are available in the market. If they happen to have many customers, they can ask for an additive marketing firm to help them with their 3D printing needs. In this way, the little present is ready before the official mortgage signing day.
Other 3D memorabilia
Aside from that, it does not have to be just a 3D printed version of the house. They can also have the 3D printed version of their dream car, dream business center, or building. 3D printing is applicable to services that the company can offer. These memorabilia are a perfect way of remembering how one simple dream transformed into something big.
3D printed models as marketing tool
It may seem expensive to some mortgage lenders, considering this is another expense on their part. 3D printers can be expensive, however there are websites that have found lower cost models too, e.g. visit website. Considering the massive printing requirement for each client, the amount can be really high. However, using 3D printed versions as memorabilia can be the “Yes “factor for the clients to avail of their services instead of those from other mortgage lenders in the market. Building good rapport with the client helps mortgage companies in their businesses. The clients can put in a good word for the company and refer them to their friends, which can result in more clients and better opportunities in the future.
3D Printing has slowly shaped many sectors in the sectors. Investing in it can help any company such as mortgage lenders to get more and better opportunities by building strong ties with their clients.
Interest Rate Changes Effecting New Home Owner Choices
The reserve bank's latest move on interest rates has placed new stresses on first home owners as they look for alternative methods for saving money. July saw yet another increase in interest rates that the US Federal Reserve said was needed to counter the growing employment and lower underlying inflation. Home owners who are already penny pinching each dollar are now put under more pressure to find alternative methods of saving money.
There is even more bad news ahead with rumored increases to occur again in September. As the stock markets are seeing some nervous moments and an impending financial crisis in the Turkish market, some say these increases may be a little excessive. However, quarter on quarter growth needs to be balanced and this is one of the fundamental reasons for the increase in rates. Consumer confidence is high, and this has lead first home owners to seek a better way to save money.
MasterChef Takes the Challenge Head On
Carrol Jacobs of Louisiana is one such home owner who is also building on new land. Ms. Jacobs spoke with us about the methods and means she is using to curb the rate increases on the variable mortgage. Ms. Jacobs is an avid home chef and loves cooking for all occasions. However, with these rate increases, she has had to postpone investing in a new oven and stovetop for the recently completed kitchen. Although this would cripple many chef's dreams of produce top quality meals, the always innovative Ms. Jacobs has found an alternative solution. Carrol has recently discovered the sous-vide method of cooking.
Sous-vide is a French word which means "under vacuum". It describes a way of cooking which can deliver deliciously cooked food without the hassle of an oven or stovetop. One would simply place their chosen food into a plastic bag and submerge it into heated water. Once cooked, Carrol uses her special sous vide torch to sear the outside of the meat for that BBQ look.
How to Overcome Future Interest Rate Increases
As mentioned earlier, these rate increases are set to continue, and new home owners will need to work out methods to handle the impact on the bottom line. Carrol Jacobs is innovate with her sous vide cook and torch sear process, but let's now look at some other means.
Firstly, make sure that you review your current budget plan. This could also involve possibly re-arranging your current payment schedule. Whatever happens, try to avoid using the credit card to pay for everyday items. This just increases the debt pressure with interest rates that quite possibly higher than the mortgage itself.
Next, try to book in another meeting with the lender of the mortgage. As part of US law, lenders must have hardship programs that are in place for exactly situations where paying for food on the table is a struggle. Lenders can often recommend other services that can help with financial planning and money management.
Lastly, but definitely not least, seek mental help from both close friends and family as well as professionals. What tips do you have? Email in your suggested ideas about handling the rising rates and we will feature it in future articles.
Benefits of Availing of Prize Indemnity Insurance
When you're holding a big event or a competition, one of the big costs that you'll have to think about would be the cost of
the prizes that you're going to give. People go to events for the prizes, and if you don't give out some freebies in a lottery
or some other kind of game, your event won't be as attractive. Fortunately, there is a way to pay for the cost of all of these prizes
without having to release cash on the spot. With prize indemnity insurance, you can have certain coverage of all your prizes without having
to risk any money. Let's check out some of the benefits of using this type of coverage.
It Saves You Money
First of all, you get to save a lot of money on expenses on prizes. When you make use of the coverage of your prize indemnity insurance,
your total expenses are covered by the insurance plan that you have. Your insurance plan, depending on the package, may reach up until 30%
to even 100% coverage so that you don't have to shell out money right away. Big and expensive prizes like TV or sound systems will not
be a problem for your company's budget anymore.
It Saves You All the Effort of Making a Budget
Aside from saving money, you'll also be able to save up on time and effort in making a budget. Making a budget for the contest or
event prizes will take a lot of time and effort as well as a lot of pencil pushing. Once you have an insured prize, you'll be able to
save a lot of energy and not have to think too much about making your budget. With this, you can concentrate on other aspects of the event
that are more important.
It Gives You a Chance to Have More Flexible Promotions
The more coverage you have for prizes, the more prizes you can buy. With the more prizes you have in your arsenal, you can be even more
flexible with your promotions. You can have a lottery, a big contest, a talent contest, or other types of competitions that your creativity
can think of.
It Makes Your Guests Enjoy the Event
Lastly, you'll be able to make your guests and your clients happy! Everyone loves free gifts and the chance to get a lot of free
stuff. Once you have the coverage that you need, you won't have to worry about letting everyone have a good time in the event. With big
prizes that cost hundreds of dollars covered, you have spent on prizes that customers and guests would definitely like.
These are some of the benefits that having a prize indemnity coverage would give businesses. As long as businesses would have this sort of
coverage, then they'd be able to hold fun and exciting events that'll make the guests really enjoy their time in the event. Prize
indemnity coverage is really important especially for companies that hold events often. It helps save a lot of money, aid in promotions, and
overall makes life easier for everyone.