Boat Covers 101: Various Types of Covers

Are you a boat owner who is looking for tracker marine boat covers to protect one of your most valued assets? It is no doubt that you understand the importance of a boat cover; however, do you know the Read more

Improve Your Blood Pressure with These 5 Simple Lifestyle Changes

Lowering or improving your blood pressure can reduce not just your risk of stroke and heart disease, but also your risks of cognitive decline, eye disease, and kidney disease. The good news is you don’t need major life changes Read more

Dehydration: Symptoms and Treatment

Dehydration happens when your body loses more water than you take in. It may be due from not drinking enough fluids, excessive sweating on a hot day, or vomiting or diarrhea. As your body loses water daily through sweat, Read more

Finding a Home You can Afford with Your Disposable Income

Posted on by Ann Klatt in Money Talks | Comments Off on Finding a Home You can Afford with Your Disposable Income

Modern Home at nightHouse prices never stay the same. There are so many factors at play. Even if you checked houses on the market a year ago, your data would not be accurate anymore. That’s one thing home buyers who have delayed purchase may learn the hard way.

What you get for your salary a year ago may not be the same as what you can afford in this year’s market. Here’s how to make sure you only get what your budget can accommodate:

Use a Loan Calculator

In Utah, lenders like American Loans often have a home loan calculator on their website to guide you in your search for a property that falls within your price range. But don’t just consider your take-home pay for the mortgage. You also need to factor in your other loans, as well as your spending money for basic necessities. It won’t make sense to own a house when you barely have enough for living a decent life in it.

Know the Cost of Living

The mortgage is just one of the expenses you will need money for every month. You also have to allocate money for food, bills, and miscellaneous expenses. The price of necessities depends on where you are. In an urban setting, prices may skyrocket beyond you can imagine. Meanwhile, in less developed areas, your dollar can go further due to prices being lower.

Consider Accessibility

The price of transportation is also a big consideration when looking for a house within your budget. You may think a less expensive but bigger house is a catch, but how much will you spend to go to work and back home? Transportation costs, whether in the form of bus fares or gas money, sneak up on you and add to the household expenses, which you could have used in a smaller but more accessible home.

When looking for a house, you want it to be perfect for your family’s needs. More importantly, it should be perfect for your financial capacity.

Your First Car: 5 Things You Must Consider Before Making the Purchase

Posted on by Mike Cage in Money Talks | Comments Off on Your First Car: 5 Things You Must Consider Before Making the Purchase

Car salesman handing over keys to buyerOne of the decisions you have to make as a responsible adult is to buy your own car. Just the thought of it can be exciting enough to get you looking at different makes and models already.

You could start looking for ways to finance it, such as saving up or scouting for credit union loans in Fort Worth If you don’t trust your driving skills yet, you could take a few lessons first. But among all the things you have to consider before buying a car, below should be your top 5.

5. Your Priorities

Is this the best time for you to buy a car? If so, would the type of car you had in mind be appropriate for what you intend to use it for? Knowing your priorities is important when buying a car. You have to make sure you’re buying the right one that’ll meet your needs.

4. Your Budget

This might sound like a no-brainer, but your finances must be in good shape before you decide to make a big purchase such as this. It’s not only about having the money to make a down payment. You also have to think long-term and consider car maintenance costs, insurance, emergency funds, and loan payments.

3. Your Credit Score

The interest rates of your car loan will depend on how good your credit score is. So, if you’re in the process of preparing your finances for your first car, keep your finances intact. Don’t miss any payments and don’t make any late payments on any of your current loans or bills.

2. The Car

Once you’ve straightened out your finances, then you can go and do your research on the different types of cars you have in mind. Speed, handling, and fuel capacity are just some of the things you’ll need to find out. Luckily, you know have the internet for all that, or you can go out and just check out a dealer.

1. Test Drives

Buying a car without test-driving it is a bad idea. So, be prepared to do a few test drives once you’ve shortlisted your choices. Besides, it’s fun to sit behind the wheel of a few prospect vehicles and feel out if the car fits you like a glove.

A car is a big purchase decision to make. Don’t let your emotions make that decision for you. Being prepared will arm you in case the whole car-buying process becomes too overwhelming that it affects your decision-making powers already.

Make a list. Ask friends for advice. Do everything you can to learn about the process and soon you’ll be cruising downtown with your pride of a car.

Debunking Common Hard Money Loan Myths

Posted on by Ann Klatt in Money Talks | Comments Off on Debunking Common Hard Money Loan Myths

a hand dropping a coin into a piggy bankIf you want money to invest fast, then a hard money loan is the answer. Private hard money lenders are experts in this type of financing, which offers investors the quick capital they need for their investment projects. Unfortunately, hard money loans are surrounded by misconceptions, probably because of the little information available.

Read on to discover the truth behind the common myths about hard money loans.

Myth #1. Hard money lenders are loan sharks

One of the most common misconceptions surrounding hard money lenders is that they are criminals who have shops at the pool hall to service loans through violent henchmen. This is far from the truth because private hard lenders in Florida and any other state are successful investors and entrepreneurs. They are experts in the field; therefore, they understand the financial needs of borrowers.

Myth #2. Hard money loans are difficult to obtain

On the contrary, hard money loans are easy to apply for and secure. Unlike the conventional loans, these loans focus on investment opportunities as opposed to your credit score and bank account. But that doesn’t mean every borrower can access the loans. It means hard money lenders overlook some issues that conventional lenders pay attention to, such as your income statement.

Myth #3. No cash is required

Most potential borrowers have this misconception that they don’t need money as long as they fall under a specific loan-to-value ratio. Most lenders will require the borrower to provide their general financial situation, which is essential in knowing that the borrower has enough financial reserves and capabilities.

Hard money loans are a lifesaver to investors who need cash immediately. Having understood the truth about these loans, you can now rely on them to buy investment real estate. It’s important to research about the lender before getting into business with them.

3 Effective Ways to Increase Hotel Revenue

Posted on by Ann Klatt in Money Talks | Comments Off on 3 Effective Ways to Increase Hotel Revenue

Hotel Financing LoanIncreasing hotel revenue is possible, but apparently, it isn’t easy. It’s difficult to start especially when you also look after its day-to-day operations. If you want to increase your hotel’s revenue, you might need some help from other people along with these effective strategies.

Upgrade Your Amenities

People consider a hotel’s amenities when they make a choice. They love to have comfortable beds, thick towels, an in-room coffeemaker, and of course, Internet access. Review your hotel’s facilities, and you’ll be surprised to know that many of those that you have already need renovation or replacement. Additionally, you can apply for a hotel business loan so you could have new additions to your hotel.

Think of Great Offers

This is a must, especially during low occupancy seasons. Offer limited-time room rates, discounts for families, or promotional rates for business travelers. You can also partner with event organizers by providing accommodation and transportation to their staff and vendors.

Utilize Online Marketing Strategies

There are many ways to market a hotel business, though one of the best approaches today is going online.

Create a Website

Most hotel bookings are done online these days because it’s more convenient for many people. Start a website. It’s easy for people to know your hotel and remember your business if you’re visible online. Make sure that the website is easy to use, provides complete information and pictures, and mobile-friendly.

Use Social Media

You can set up an account on different social media sites and make regular posts about your latest offers and promotions. This is one way to let people know of your services. Some people could even share your updates with friends and family, therefore expanding your posts’ reach.

Partner with Hotel Booking Sites

Some people prefer comparing hotels at one search so consider partnering with hotel booking sites.

A hotel business has good chances of increasing its revenue. The process wouldn’t happen overnight though, but when you use effective marketing strategies, improve the facilities, and provide unbeatable offers, there would be more profit in no time.

Your Mortgage Interest Rates: Why it Isn’t the Same as the One Advertised?

Posted on by Nihonmagazine in Money Talks | Comments Off on Your Mortgage Interest Rates: Why it Isn’t the Same as the One Advertised?

coins piled upWhen it comes to financing a home with a loan, we all want the lowest rate possible. If you’re in the market for a mortgage and see an ad with an incredibly low rate, it is tempting to contact the lender right way and start your application. While this seems like the best move, be sure to take a closer look and see if there’s a disclaimer when getting the loan.

Low Rates and Disclaimers

Disclaimers in mortgages are usually in the form of asterisk, which is a special requirement when nabbing the deal. To the get low rate, for instance, the lender may require you to pay a sizeable payment (low loan-to-value ratio) or a high credit score of 750 or above. If you don’t meet these requirements, you may get still get the loan with an interest rate higher than what’s advertised.

Lenders Favor Less Risky Borrowers

Home loan companies in Phoenix note that buyers with good borrowing scenario (high credit score, large down payment, stable income, etc.) are more favored by the lenders. This is because they are considered less risky who are likely to pay off the mortgage on time. If you’re not this type of buyer, however, you can still get a loan, but your interest rate is likely to be higher, as you are considered more of a risk.

What Determines Your Interest Rate

Even if you saw a home loan advertisement with a remarkably low rate, don’t always assume that this will be your rate. Keep in mind that there are a number of factors that determine and affect your mortgage interest rate. These include:

  • Your credit score
  • Loan amount and home price
  • Amount of down payment
  • Type of loan and loan term
  • Type of interest rate (fixed or adjustable)
  • Location of preferred property and type of property you’re buying

Borrowers with stellar credit histories and solid finances have the greatest advantage when nabbing low-interest rates. If your financial health is not in good condition, you may either wait and try to improve it or meet with a reliable lender to know which type of loan suits your situation. Just be sure to always the read the fine print or terms when assessing your mortgage options.

When a Patient Can’t Pay

Posted on by Nihonmagazine in Money Talks | Comments Off on When a Patient Can’t Pay

Doctor writing her notesThe U.S healthcare system is one of the most expensive in the world. It’s so expensive, in fact, that even patients with insurance struggle to pay. There is a growing trend of placing more responsibility on individuals to contribute towards their own care. Insurers are increasing out of pocket expenses and paying for less, so even when the patient has a policy, they may be left with a large bill.

That’s why for many, paying for medical bills is difficult or impossible. In 2016, 68% of hospital bills for $500 or less were not paid off, as patients choose between paying them or buying food.

More Than Half of People’s Debts are Medical

The most frequent debts that people carry are medically related. More than half of overdue debts shown on credit reports are unpaid medicals bills, lowering credit scores and affecting their ability to obtain loans or buy a home. A similar number of people have this debt passed to debt collection agencies and risk losing their home or assets. In the past these debts would have been written off by the hospital or negotiated down, but there is a better way to deal with the problem.

How Revenue Cycle Management Can Help

Hospital revenue cycle management can reduce the number of unpaid bills and lost profit. It is a fully computerized system that staff can use to monitor patients from the first booking in phone call to receipt of payment for the final bill. The software gives the patient the option to pay online – an option that increases compliance because of its convenience. It also allows patients the chance to pay by interest free instalment so if they don’t have the funds, they can pay it off a bit at a time. As insurance details are easily accessible via the system, it also speeds up insurance claims, another bonus that keeps patients and their doctors happy.

Private or public, hospitals can’t continue serving without a continuous flow of revenue. But to ignore the fact that medical bills are now higher than ever, it would be a disservice to people who have little to spare on medicine. Revenue cycle management ensures that a practice can look forward to a steady stream of revenue while still providing medical and surgical assistance to those who need it.

Why Jewelers Should Invest in a Laser Engraving Machine

Posted on by Joseph Stevenson in Money Talks | Comments Off on Why Jewelers Should Invest in a Laser Engraving Machine

Woman holding a jewelry boxJewelry businesses in the U.S. should no longer just focus on the razzle and dazzle of each product line, as more Americans have turned their eyes on bespoke pieces and custom designs.

The Millennial generation, in particular, is keener on buying something precious yet reflects their individuality, even if it’s just a jewelry box made from wood. A laser-engraving machine should help jewelers attract more customers while improving their craftsmanship at the same time.

Laser’s Benefits

You don’t need to buy different kinds of laser engravers, as a single equipment on the market can be used for a variety of surfaces. This advantage lets you save money and do more work in the process. Whether it’s a golden or wooden surface, the multi-functionality of lasers is a good addition to your resources.

With the right skill and expertise, laser-engraved pieces reflect detailed work even when your client only asks for minimalist designs. Some of your Millennial customers would likely choose a simple yet elegant piece for everyday wear, instead of a flamboyant one that’s usually reserved for special occasions.

High-End Problem

Luxury jewelers have recognized the importance of Millennials to the survival of their brand, as evidenced by many companies that are turning to different marketing solutions to woo younger people. Unlike previous generations, Millennials aren’t too invested in buying jewelry.

This represents a problem for them since their generation already comprises a significant portion of the working class, which means that every dollar they spend on more affordable jewelry indicates a loss for them. Aside from laser machines, many high-end jewelers are relying on young celebrity endorsers to reignite Millennials’ waning interest in jewelry.

When choosing a laser-engraving machine, you should choose a supplier that can offer a leasing contract. The equipment can be quite expensive, so opting to lease one allows you to stay within budget and find out if it’s the best kind of equipment for your business.

3 Ways to Start Building Your Dream Home

Posted on by Nihonmagazine in Money Talks | Comments Off on 3 Ways to Start Building Your Dream Home

Modern houseAre you hesitant to start building your dream home because you’re unsure what to do first? Here’s a guide to the initial steps you should take to turn your dream into a reality.

1. Make concrete plans

The first step to materialize your dream home is to sit down and make concrete plans. Here are some of the specific plans you should consider:

  • Set your estimated budget.
  • Pick out a location to build your home.
  • Select the type of house and the design you want to achieve.
  • List a breakdown of expenses.
  • Make a timeframe to accomplish your goals realistically.

Be sure to plan these things to have an initial overview of how the construction of your house will go about.

2. Choose your team

The reality is, the plans you have made are not final, and you need a team to help you with it. You will need to select professionals in your team such as architect, engineer, designer, and the like so that you may finalize the blueprint of your house and the construction may finally begin.

They will also help you oversee your budget and guide you in choosing a property where you could best build your house. It is necessary that you consider their vantage point when it comes to improving your plans since this is their field of expertise.

3. Seek assistance

Lastly, another crucial thing you may do is to seek help. You may have saved some amount of money in preparation for building your home, but you may find yourself not being able to save enough. That is, you may seek down payment assistance for your chosen Ogden property or the construction of your new home.

For instance, if you are residing here at Ogden, there are full-service, financial service providers that residents trust. You can apply for a loan to aid you in financing the building of your home.

These are only three among other initial steps you can do to start building your home. Do begin taking those little but necessary steps now to turn your dream home into a reality.

3-Point Checklist before Getting a Loan

Posted on by Ann Klatt in Money Talks | Comments Off on 3-Point Checklist before Getting a Loan

cash lending companyYou may want to invest in a business venture, sort out your kids’ school fee, or rather settle any bills that you may have. However, you’ll find yourself in a quagmire if your savings can’t serve the purpose. If this is your story, you will definitely need a loan.

You might be wondering what the things you may need before applying for a loan. Read on to find out.

Type of Loan

You must know about the available title loans in Salt Lake City. Take your time and analyze the situation. Determine the type of loan that will suit your current financial needs. Ask the lender what they would need from you before they allow you access to their financing products. Inquire about the terms of their loans.

With this knowledge, you can find a lender who advances you a loan for your current needs and will have your back in the future when an almost similar need arises.

Credit Score

Before taking a loan, you need to check your credit score. An excellent credit score gives you access to loans from all available financial institutions and ensures that you get the best possible deal. However, experts suggest that there’s a need to study your monthly budget as well. You should asses your monthly expenditure vis a vis your income. Will you be able to settle your monthly bills and still spare some cash for your loan payments? If your answer is yes, then you’re good to go.

Interest Rates

Be sure to shop around for all available banks or lending institutions and take note of how much interest they charge on their loans. Sit down and discuss with your desired lender about the interest rate. Determine whether there are any hidden charges that you’ll likely incur while repaying your loan.

Bank loans come in handy when financial situations get out of hand. They are convenient and can save you a significant amount, particularly during emergencies. However, there are vital tips that you must know before applying for your desired type of loan. This guide should help you get the best loan deal.

4 Reasons Your Lender Could Change Their Mind After Pre-Approving You

Posted on by Ann Klatt in Money Talks | Comments Off on 4 Reasons Your Lender Could Change Their Mind After Pre-Approving You

Guy discussing the policiesBelieve it or not, getting preapproved for a mortgage may not necessarily mean that you will be the owner of a home. Sometimes, a mortgage company will preapprove you for a mortgage only to deny you the financing later.

Knowing why this could happen can help you veer away from it. Here are four reasons it happens.

1. You’ve changed employers

Some loan types have particular requirements for how long a borrower must have consistently worked at a certain job. FHA loans, for instance, require you to have at least two years of solid employment.

A sudden change in jobs after a HARP home loan company has preapproved you can lead to a denial of the financing, so desist from that.

2. You have some negative items on credit

You certainly don’t need a perfect credit score to get a mortgage. But, there are guidelines you need to adhere to when it comes to your credit score.

If your credit score is in the 600’s, then you want to avoid negative impacts on your credit once you’ve been preapproved. That means you should continue paying your bills promptly.

3. You incur additional debts

So you’ve just been preapproved and now want to take a loan for a brand new ride. That may seem like a great idea to you, except it will probably get your mortgage denied now that you’ve incurred another major debt. It’s a risk you don’t want to take once the lender approves you for a loan.

4. There are problems with the appraisal

Different banks will have different requirements when it comes to the issue of pre-appraisal. It could be that the lender does not finance homes located in a certain location. Insisting on buying a home in such a location will most likely lead to a denial.

It can be devastating to find out your bank has denied you a previously preapproved mortgage at the last minute. To avoid that, it’s wise to find out why that would happen and take measures to prevent it.