Category Archives: Investments

3 Tricks You Should Use to Sell Your House Quickly

House for SaleTo make a speedy sale, there are things you could do to achieve just that. You could clean it out, set the right price, and use a good broker to sell the house for you. Know a number of tricks experts use to make a speedy sale even when it's the off-season.

Set the price right from the word go

When selling a house, nobody wishes to sell it at a loss. They want to make more money and think that they should set a high price in case they get lucky and if they do not, they will gradually reduce the price. This is a grave mistake for those looking to sell their house in St Louis fast. The first month when the house is on the market is the most critical and it will attract a lot of attention. Make the most of it and price it right from the start.

Make the house easy to show

The more flexible you are about house visits, the more potential buyers will be able to assess the house. Make it easy for potential buyers to make visits at any time with little or no notice, whether it is early in the morning or even on weekends.

Fix the house to improve curb appeal

Before anyone buys a home, they will first visit the house and then they can make a decision whether they want to buy it. This is why first expressions matter. When you are getting ready to sell your home take some time and enhance the curb appeal. Small improvements go a long way. You can change the mailbox or plant some lovely flowers.

Remember to declutter the house and depersonalize so that the potential buyer can picture themselves in the house. Use this easy tricks and see your house bought within a few short days.

Home Improvement Projects to Do Before the Year Is Out

A House Being RepaintedWhen looking to do improvement projects around the home, you may be overwhelmed the list of potentials. If you are looking to sell the home at some point in the future, choosing which project to start with can be more challenging. Here are few ideas to help you out.

Fix the gutters

One thing that often gets overlooked when homeowners are looking to improve the value and appearance of their homes is the gutters. But waiting to clean or repair your gutters until debris tearing from your roof can cause havoc in your home’s drainage system. Get a gutter repair expert in Southern Maryland to help fix things before it’s too late.

Remodel the kitchen

The kitchen, without a doubt, is the heart of the home. A great kitchen can make spending time there a great experience. It is also the first rooms interested buyers will look at when viewing your home. And you need not completely overhaul your current one. Installing new countertops, light fixtures and a few new appliances can make an incredible difference. 

Update your swimming pool

Who doesn’t dream of spending lazy weekend afternoons around their private pool? A pool, sure, is a glamorous perk, one that will amazingly improve your home’s comfort and value. But you need to keep it in top shape by maintaining it in top shape and throwing in a few additions every once in a while.

Consider finished basements

Finished basements can take your home’s curb appeal to the next level, not to mention make your home more appealing to buyers when the time to sell comes. An experienced contractor should help you do the project in a weekend, besides suggesting which material and style best complement your home.

The list of the projects you can do to improve your home’s visual appeal and value can be long. Start by picking a few projects that you can comfortably do this year, and begin them right away.

UK Construction Sector Suffers Lowest Output since August 2016

Construction Workers at SunsetThe pace of commercial construction in the UK fell to its lowest rate in August since the same period in 2016, according to the Markit's purchasing managers' index.

The index showed that the sector’s reading fell to 51.1 from 51.9 in July. Some economists believe that Brexit played a major role in the decline, which indicated that the referendum vote continues to manifest its negative impact more than a year after it took place.

Index Reading

An index reading below 50 signifies growth in activity, yet the latest reading came as a surprise instead of good news. Analysts had expected the index to reach a reading of 52. Tim Moore, associate director at IHS Markit, said that civil engineering work manifested sluggish growth.

On the other hand, housing activity served as the only bright spot in the sector due to strong demand for new homes. The residential sector somehow keeps the industry afloat, yet jobs in other construction sectors have become fewer as companies received fewer new orders for the second month in a row.

Building Maintenance

Even as construction work hit a snag, it does not necessarily rule out the need for continued building maintenance in the UK. Companies will still need to conduct routine checks and get the services of building maintenance and repair specialists like the M&E Maintenance Solutions Ltd to prevent any untoward incidents, including the widely publicised accident at the Grenfell Tower in West London.

While continued maintenance work remains ideal, most companies are expected to let go of office projects and consequently affect demand for commercial space, according to Samuel Tombs, Pantheon Macroeconomics chief UK economist. This contingency measure would occur if negotiations for Brexit will remain slow.

Construction activity serves as a major economic indicator in the UK, which is why the government should hasten negotiations on Brexit to clear uncertainty and encourage builders to get back to work. 

 

4 Things to Do Before Moving to a New House

Couple's new houseIf you have ever moved to a new house, then you know how stressful the process can be. Now that you are about to do it again, you want everything to run smoothly. With these simple tips, you can look forward to moving without any hassle.

Get professional help

There is a host of professional movers out there who can do all the heavy lifting for you. Look for a reputable truck for hire service company in your area. You may want to save some money by doing everything yourself, but unless you have the knowledge and experience, nothing beats professional service.

Start packing early

How much time do you need to pack your things? Well, that is not enough. Packing usually takes more time than you expect. Start packing as soon as you confirm the moving date. Begin with the things you do not use regularly and the rooms you rarely visit. Your spare rooms, garage and attic are excellent places to start.

Discard unnecessary things

There is no better time to de-clutter than when moving house. This is your perfect excuse to get rid of that extra furniture you rarely use. Get rid of those old books and magazines you read two years ago.

Get familiar with your new neighbourhood

You do not want to be a total stranger in your new neighbourhood. Visit the place a few times before the moving day and get to know your future neighbours and community. The local pub, retail stores and cafes are good places to start with. Who knows, you may even make some good friends in the process.

Moving to a new house does not have to be as difficult as you imagine. If you plan carefully and start early, you can make the process easy, quick and fun.

Getting the Best Mortgage Rates

Couple in a Meeting

Purchasing a home is one of the most important investments you will ever make, but it is also the most expensive. The mortgage you need will be a substantial amount for you to finance it. The mortgage rate you pay can either save or cost you a lot of money over the lifespan of your loan.

Diligently looking for the lowest mortgage rates you can qualify for just might be the best financial strategy you can make.

Here are steps to make sure that you get the lowest mortgage rates here in Utah.

Improve Credit Score

Lenders will determine your qualification for a loan and charge you the rate based on credit score. People with higher credit scores get lower interest rates by lenders. They require a score of at least 620, but the higher your credit score is, the lower the interest rates lenders will offer you.

A borrower with a 740 credit score and above gets to be in the best position to get the loan and lower rates.

Research and Compare Rates

Contact several lenders via phone, email, or in person. Do your research and compare rates between lenders before committing to one of them. If you do not have the time to do so, you can always hire a mortgage broker to find a lender on your behalf.

How Long Will You Keep the Loan?

The shorter the loan terms, the lower the interest rates will be. Choosing the home loan that has a fixed rate may seem like a sound decision because of the safety it provides, however, if you will only keep the property for a while or a few years, choosing a 5/1 hybrid mortgage can save you a few dollars each month.

In fact, 30-year fixed mortgage rates are about one-eighth percent higher than 20-year fixed mortgage interest rates. Shorter loan terms can save you thousands of dollars in interest payments.

Choosing the best mortgage rates, you can qualify for can potentially save you thousands of dollars in the long run. However, you do need to take a step back and check if you can still afford all your choices and decisions.

Refinancing Into a VA Loan: What Are Your Options?

Refinance Your Mortgage on Card

Refinance Your Mortgage on CardVA or Veteran Affairs loans are lifesavers for many homeowners who’re looking for extremely low home loan rates but are not eligible for refinancing with conventional mortgages. However, take note that you could only qualify for refinancing under the VA loan program if you’re a veteran, active duty military personnel, a National Guard member, or a reservist.

So What Are Your Refinance Options?

If you already have a VA mortgage, you could lower your payments every month or shorten your loan terms via the Veteran Affairs’ streamline refinance program called the IRRRL or Interest Rate Reduction Refinance Loan. Among the chief advantages of the IRRRL program is that it requires minimum paperwork. The Veterans Affairs don’t require an appraisal of your home or credit check. However, some lenders offering the IRRRL would still need these, as part of their underwriting requirements.

If you are a borrower trying to refinance your existing VA mortgage via the streamlined IRRRL program, you will be paying for a reduced funding fee than the fee you would be paying under other options offered by the VA. This fee is pegged at around .5% of your mortgage’s overall amount, and you could add this to your outstanding loan balance. Do take note however that you cannot use this refinance to repay a second mortgage. If you have a second mortgage, you’d need approval from your second lender to get your mortgage subordinated.

The VA also offers another refinance program, the cash-out option, for veterans who have an existing conventional mortgage or VA home loan, considering that they have enough equity in their homes. As per the VA guidelines, if you have sufficient equity in your home, you might be able to obtain a cash back when you refinance. Some lenders even enable borrowers to refinance as much as 100% of the value of their home to repay their old home loans.

The Main Takeaways

If you’re qualified for the VA loan program and need to refinance your existing conventional or VA mortgage, you have two options: the IRRRL and the cash-out refinance. While the VA have very lax rules regarding their requirements for refinancing, some lenders might have their approval and underwriting requirements. That being said, consult an experienced VA loan lender if you’re interested in these VA refinance programs.

Office Space Requirements for a Sustainable Workplace

An Office With An Open Plan

Setting up an office, especially one that you aim to stay for years to come, has certain daily needs. These requirements, from the simplest to the most complicated, are necessary to ensure that work is done with little interruption. Plan these out months before you begin operations, so you can easily reach your goals.

Cleanliness

A major deterrent to progress is cleanliness. It creates a subtle but growing distraction that causes discomfort when visible and when you can smell it. It is a nasty breeding ground for vermin and pests as well. Contact janitorial service providers in Salt Lake City that can serve businesses of different sizes, so you can ask for a package fitted for your budget and space.

Recreation

Though you may not have enough space or opportunities to offer recreation for your people, there are ways around it. Give your employees a relaxed atmosphere or a place to enjoy themselves by allowing some levity in your workplace and letting them customize their own cubicles. It helps establish independence and lets them feel more at ease in the environment.

Security

It's necessary and legally required to keep the safety and security of your people in mind when creating your new office. Whether it’s through security cameras or security guards, let them know that you’re looking out for them while reminding them to act accordingly when within the premises. Choose to upgrade your security and safety regulations as your profits, the number of people, and office areas increase.

These needs are not arranged in a particular order but it’s up to you to determine which are more valuable to you and are required by law. Remember, aim for employee comfort and satisfaction so their work becomes a breeze. This is a big factor to consider if you want your business to prosper and grow.

What Happens if Your Mortgage Lender Sells Your Home Loan?

Mortgage Lender with Client

Mortgage Lender with ClientIf the day comes that you’ll get a letter from your mortgage lender, stating that your home loan has been sold to another lender, then do not be alarmed. You didn’t do anything wrong and you’re not in any kind of trouble. However, you must know some important things when dealing with a new mortgage lender.

Why Your Lender Might Sell Your Mortgage

After you’ve been approved for a home loan, it’s your lender’s responsibility to service it. Servicing involves:

  • the processing and collection of monthly mortgage payments
  • responding to all your mortgage-related queries
  • reporting your mortgage status
  • handling your escrow for paying your property insurance and taxes

The thing is, lenders have the right to sell mortgages and this is normal and pretty much common. If this happens to you, mortgage experts in Salt Lake City say that the buyer of your mortgage would take over your loan servicing. Lenders sell mortgages to make some money and raise more capital for new mortgages.

What Does the Law Say?

Under RESPA, or the Real Estate Settlement Procedures Act, your lender could sell your mortgage, but it would have to disclose the potential sale to you not more than three days after applying. You would get a document, which clearly states what your lender could do. Take note that your mortgage rate and term won’t change if your lender sells your mortgage.

This Act also states that your new mortgage lender can’t charge you overdue fees for the initial 60 days following servicing transfers. This would safeguard you from extra fees in case you mistakenly send your mortgage payments to your original lender following the cutoff date of your original lender.

You shouldn’t worry if your lender sells your home loan to another lender. All you need is to be aware of when and where you should send your monthly mortgage payments after the servicing transfer.

Smart Ways to Save Up for Your Child’s College Education

College Education It is every Filipino parent’s dream to send their children to college. But with the increasing rates of tuition in universities and stagnant wages that average employees receive, securing children’s college education could be a challenge.

Some parents overcome this hurdle by working abroad, while others look for multiple sources of income from part-time jobs and rackets. Unfortunately, there are some who simply let go of their big dreams for their children. If you’re a parent struggling with the same dilemma, don’t lose hope. As a matter of fact, there are some smart, effective ways to save up for your child’s college education.

Build a College Fund

Though it is feasible, saving up on your own to build a college fund is not the best option. When emergencies happen, you’ll likely dip into your savings account and the next thing you know, there will be no money left for the college fund. So, experts say that it is better to build a college fund through the help of a third party such as an insurance company. Manulife Philippines, for instance, provides education coverage through an affordable investment plan.

Invest in Stock Market

Some financial experts say that one way to grow your money in time for your child’s college years is through stock market investment. Save up as much as you can, and buy shares from a reputable company.  You can also put it in conventional investment vehicles like bonds or time deposits. Talk to a financial advisor so you’ll know how you can grow your savings through different kinds of investments.

Sending your child to college is not far-fetched, as long as you plan your finances early and adequately. Be financially smart today, and your child will be thankful to you in coming years.

What Makes Reverse Mortgages a Valuable Option

MortgageBuild home equity, and you increase ownership of the property. When you make key improvements to your home, ones that raise its market value, you build equity. When you make larger payments toward your mortgage, you also build equity. What happens when you don’t have the cash for home improvements and mortgage payments because of retirement?

You explore the option of a reverse mortgage.

A Loan for Senior Homeowners

When short on cash, older homeowners can consider taking out a reverse mortgage loan. It’s a loan that allows seniors, age 62 and above, to convert equity into cash. If you need cash to renovate your home or to pay off debts, you can use a reverse mortgage loan to meet your urgent, financial needs.

You can get the mortgage proceeds in several ways. Primary Residential Mortgage, Inc. shares that borrowers can receive the loan through a line of credit, term payment, tenure payment, or lump sum.

Other than age, the requirements for getting a reverse mortgage loan include using the home as your primary residence and no delinquent federal debt.

The beauty of a reverse mortgage is that you don’t have to pay a monthly mortgage, unlike traditional loans.

How Do You Pay?

You only pay back the loan when you move to another property, or when you pass away. If you have children and they want to take possession of the property, they can pay the reverse mortgage. If, however, they don’t have the money to pay back the loan, then they can sell your house to repay it.

Assuming you built enough equity that the value of your home exceeds the loan balance, then your children can pocket the difference. If your loan balance exceeds the value of your home, your children only pay back what the property is worth. No more, no less.

Home equity can do more than allowing you to build ownership of the property. With reverse mortgage solutions, you can also turn equity into cash. But before you take out a loan, carefully select a good mortgage company. Learn more about the terms. And make an informed decision.