Here's How to Take Care of Your Skin During Winter

We all want clear and amazing skin; there's no doubt about that. It can instantly boost your self-confidence and make you feel good about yourself. Different types of weather can take a toll on your skin, though, especially winter. Read more

Weekend Wanderlust: Embracing the Elements in Pagudpud, Ilocos Norte

A weekend road trip is a perfect way to unwind after a long week of hard work. When the wanderlust hits, self-drive rental car options in Manila, Philippines allow you to explore the hidden gems and not-so-hidden retreats the Read more

The Right Way to Do a 1031 Exchange

A 1031 exchange is a tax-deferred method of selling one qualified property and acquiring another like kind of property within a specific time frame. It is a tool to let go of a property today and exchange it with Read more

The Right Way to Do a 1031 Exchange

Posted on by Administrator in Money Talks | Comments Off on The Right Way to Do a 1031 Exchange

propertyA 1031 exchange is a tax-deferred method of selling one qualified property and acquiring another like kind of property within a specific time frame. It is a tool to let go of a property today and exchange it with one you want tomorrow.

If you are considering a 1031 exchange for your land or property, consult an advisor or an expert to clear up further misconceptions and complications.

1031 exchanges that are done strategically can minimize risk to a real estate portfolio and reduce tax cuts. They can be used for investment properties but not for personal residences or properties that are primarily held for sale.

Delayed 1031 Exchanges

The sale and purchase of a property do not have to co-occur, as the chances of finding someone with the exact property you want and who wants the exact property you have are slim to none.

This explains why most 1031 exchanges are delayed. You can sell an investment property to anyone who wants it at the time and then wait to get an exchanged property you want.

The Qualified Intermediary (QI) or Accommodator comes in here. They serve as a middle-man who holds sale proceeds for you and later uses them to buy your chosen replacement property.

Permitted 1031 Exchanges

Exchanges are not just for big investors. Anyone who owns investment property should consider this kind of exchange, provided they have a good set of advisors.

Keep in mind that you cannot do a 1031 exchange with a property you hold only for personal use. You cannot, for instance, exchange your personal residence for another. There are, however, certain parameters you can use to exchange mixed use rental and vacation homes.

Consult with a QI or with your advisors to know if your land qualifies for a 1031 exchange and learn how to maximize its use.

3 Quick Tips on Applying for a Second Mortgage

Posted on by Nihonmagazine in Money Talks | Comments Off on 3 Quick Tips on Applying for a Second Mortgage

Tips for applying for a second mortgageSo you urgently need some money and are looking to apply for a second mortgage. That’s a wonderful idea, given the numerous benefits that come with such a loan. Not only do you stand to avoid paying PMI, for instance, but also qualify for a significantly larger loan amount.

Having said that, there are a few tips to keep in mind as you apply for a second mortgage. Here are three of them.

1. Get a few quotes first.

Some homeowners don’t know this, but you don’t necessarily need to take a second mortgage from your current lender. It’s best to shop around and find what another mortgage company in St. George has to offer. Ask your real estate agent for recommendations. Get quotes from online lenders too.

2. Get the timing right.

There are a few factors that should determine when it’s best to apply for a second loan. The equity in your home will determine how much money you can borrow, so it’s best to apply when home prices in your area are highest.

Also, refrain from applying for a loan when interest rates are high. Wait till the interest rates decline, then try to lock in a fixed rate.

3. Prepared for the fees involved.

Applying for a second loan can involve a lot of paperwork and charges, so get ready for that. Typically, the lender will require that your home is appraised afresh to determine its value and how much equity you have in it, and that attracts appraisal fees.

Applying for a second mortgage can be a smart way to raise some money when you are in need. As you go through the application process, it’s a good idea to know what is involved, so you make the best decisions.

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.