Finding Best Mortgage, It's an art !!!

by ExpertBlogger 7. October 2017 16:18

Getting a home is a dream of every living organism on the earth, be it an animal, a bird or a human being. This is a dream for a common man to buy a house for himself/herself and the family in today’s times when the rates of the property and the interests on the home loans are sky hiking. To get the best deal from the floating deals in the market is a big task for a property investor and to end up with a profitable deal that can ensure minimum interest rate. 

There are many pre requisites of striking a good deal in the home buying and selling market. The most important of which is the mortgage option that should be calculated appropriately before opting for it. Apart from this a good credit score, a reserved amount for the down payment and a good lender.

Let’s discuss some point which can be borne in mind before taking a step forward towards the dream property:

A small down payment can suffice for buying the property, unlike the popular notion of paying 20% of the cost to the builder/owner which lenders mostly tell the buyers. For e.g. as part of rural development the US government zero-down mortgages in order to uplift the poor.

The buyers who do not have a perfect credit score for buying the house can opt for government insured lending schemes.

The lender’s job is to calculate the minimum reserve needed to qualify for a mortgage. A lender’s duty is to ensure that in order to make a down payment the buyer’s savings should not exhaust and there should remain some reserve for the times to come and contingency needs.

If the credit score falls less than the 20 percent down payment amount then the buyer is asked to go for the mortgage insurance that may lead to higher payments for the property.

The mortgage insurance is an overhead till the loan is paid. However to get rid of it one can refinance the load if he/she wants under certain special circumstances.

During the mortgage the debtor will be asked by the lender to pay all the closing costs of the mortgage which will ensure into the low rate of interest, however in doing so the credit score of the debtor will go down and hence leading to the mortgage insurance. One should be careful in opting for all the options at the time of mortgage.

To get a good mortgage deal the buyer/debtor should keep a low profile while the mortgage is being processed , being said that , all the credit cards / spending trends etc. should not be made or made only if absolutely necessary. During the lenders survey the spending activities of the buyer if surfaces, then the possibility of the mortgage to be nullified or get cancelled is higher.

Another most important factor that people ignore is availing the veteran loan. Serving the nation or retired nationals both can avail the benefits on the mortgage under Veteran scheme.

A good mortgage broker can give you a plethora of options to buy the best loan without being biased of his/her products. Go for a licensed mortgage broker, that can give you access to the maximum options in least time interval.

In order to get a good credit score, one should start clearing his debts or any outstanding money to be paid before going for the mortgage. The ideal credit score of 700 credits gives a buyer an upper hand in buying a good loan. 

With good credit score one should also focus on a fairly good cash reserve. A good cash reserve is measured in terms of the number of months one can make the house payment in cash. This will help in positioning the buyer in a better place to get the best deal on the mortgage.

Never go for a mortgage without comparing it with other deals in the market.

Lastly, try to figure out as for how long you’ll be in the house that you plan to buy. If in the long run one decides to sell it off then mortgage rates can be adjusted. The adjustable rate mortgages offer low interest rates and also low initial down payments. However, when the interest rates will start to leap, these ARM’s would create a problem to the buyer with increase costs on the loan.

One must be judicious in going for the perfect mortgage scheme based on his/her requirements and long and short term benefits, always look at your need and keep in mind demand and supply structure for your targeted areas.

Tags: , , , , ,

Expert's View | Finance

Think about your insurance, It's Important!!

by SuperUser 12. August 2017 14:16

Some scholar has said that Health is wealth and all of us like to be healthy, wealthy and wise. However, life is unpredictable and it often throws a curve ball at you and suddenly a normal life style translates into a spree of visits to the healthcare centers, a tedious regime of having medicines and the feeling of anxiety each time the visit is made to the physician. Health hazards are inevitable and in today’s times they lead to some serious outflow of money if a proper health insurance policy is not in place. A good health insurance plan acts as a cover during the difficult times when the raging costs of medical care poses financial crisis towards an individual and his/her family. With stupendous development in the technology, the health care has also advanced to match that, however a good healthcare for all kind of ailments which include the life threatening ones as well isn’t so easily accessible yet. The quality treatments and procedures for complex diseases and are still unaffordable by a major chunk of people.

In order to combat this challenge and to cater healthcare to every individual which is the right of every human being Affordable Care Act popularly known as Obamacare was chalked out and executed in America during Obama administration. It clearly cites the importance of a good and quality treatment given to the citizens irrespective of any caste, creed, and gender or class discrimination. Some of the highlights of the controversial ACA are healthcare with gender discrimination, increased cover for individuals, saving the individuals from the unfair costs incurred by insurance companies, providing the healthcare to kids and to larger states of America etc. The ACA bill has made a strong statement throughout the world for the compelling need of robust and effective health policies to be implemented and it’s more of a State’s affair than an individual’s. In developing countries like India health insurance companies have penetrated the market , however they still have a long way to go , as a major chunk of society that includes the people living at or below the poverty line still are unaware of the importance of health insurance and they do not bother to seek one too. The people that belong to middle class and upper middle class sections have become aware and also they buy the medical cover too. In the nineties era buying a health insurance was more of a rich’s affair and a luxury, however with the advent of unhealthy lifestyle and globalization this has become more of a compulsion now. The ease of cashless benefits, appropriate and timely treatment and the reimbursement of the charges incurred irrespective of one’s financial condition. Uninsured people have higher probability of dying due to poor health results than the people who are insured and have medical covers. The uncertainty of situations have led the employers to give a medical cover to their employees in the circumstances where they or any of their family member gets into a medical problem. The follow up medical provisions also become accessible without any hassle. Health hazards are irrespective of age and apart from casualties there are chronic diseases especially noticed in youngsters these days due to pollution, stress, unbalanced diet and sedentary lifestyle.

Health covers are carefully designed to cater to every age group and patients with exceptional needs as well. Getting a policy done at an early has its benefits in form of low premium costs, less waiting period, better coverage and quick renewal. The government of states have started promoting health covers in order to provide good health care to the citizens under unexpected conditions. To combat medical emergencies and to avail better care at the affordable costs, should be the aim of every health plan worldwide. The private and government companies both have a large market in the health insurance sector. The providers and the companies have direct tie up and this has yielded a convenient channel for the insurers to get everything without any manual intervention.

Health insurance is the major breakthrough in the healthcare industry now-a-days due to uncalled for situations and newer medical conditions. Every individual should rightfully be insured and he/she should do this at an early age and for everyone in the family.

Tags: , , , ,

Expert's View | Finance

Kid's Entertainment or Entertaining Kids

by ExpertBlogger 14. July 2017 17:46

Kids are always fascinates me in all aspect, I have a little daughter and I have seen her growing up , like any other kids she is TV freak, she always wanted to watch TV and specially the cartoon series and image you don’t let her see the movie or program then you know what is going to happen next., it make me always curious is does these kids always want to watch animated series or do they like any other kind of program which we have not given them chance to see , so I started doing some experiment with my daughter and started to show her non animated program, some of them about the animals some were about different topic but not animated characters ,those were real characters , real people or real animated and what I found it she actually like that too, kids are like melting wax you can shape them anyway you want, We are the one who introduce them to TV and this is we who have made them addictive to seat in front of TV for long time and eventually fed them with ton of animated programs . 

I think the major reason of attaching comic character to kids is they do crazy thing which in real time we can only think, they connect with kids with the things kids want to but have you thought that if we could able to do same thing while playing or while talking to them that they want to do then they will be less interesting with TV or any other entertainment media. Again it was always question for me when I try to play with  kids is what to play I mean they always wanted to something different then how can you find out game which can play inside house with 2 people and without any instrument. Every day I use to scratch my head and come up with some or other silly game just to get her always from the TV. Sometime I use to pass sometime fail sometime I could able to dazzle them with my idea and sometime idea was just a trash or trashed by kids but most of time it use to work . 

I remember some silly games like stacking up glasses on top of one another and then throwing plastic ball on the stack and whoever get most of glasses down win or another one is pirate game where I use to put her inside the laundry bucket and tie to bucket with some rope and just pull her pretend that I am pirate pulling the boat and everywhere is water and she ca not step out , we go ahead and then find for treasures and other things we enter into dark room, we have created storms and such little silly thing , use pipe for telescope or just use bath towel for hat but kids just loves these silly thing and enjoy.

I have observed from all these experiment that kids really are not looked into Tele vison, they can play with you if you are ready to spare some time with them, and they can come give up their shows for you. Just remember you have very little time before they grow up and then they will not have any time for you so please use your time for them and before switching on TV just ask simple question with loud voice and then you can see the difference “Who want to play with me??” 

Tags: , , ,

Expert's View | Television

Does Internet is Winning Race against Television and Radio?

by ExpertBlogger 24. June 2017 11:01

In the year 2005 when popular video hosting site was launched by three ex-employees of PayPal little did they know that their concept would revolutionized the world of entertainment and will make them the millionaires by the millennials. The concept of video sharing over the internet has not only changed the face of media but has created a boom in many businesses. You Tube is one such medium that has taken the viewers with a storm and sending a strong blow to the television industry. The television is unable to come at par with such internet discoveries. The free of cost nature of internet makes it so accessible and preferable by the viewers. The loads of long forgotten videos and clippings just get so easy to access, whereas the absence of time capsule in a television makes it less popular. There are enough evidences that reveal the fact that video streaming is the Gen Z thing and is enjoyed by them more than the static entertainment medium like television. They can watch anything under the sun over the internet at any time and any place they want. Anyone can share the videos which they have and in this way internet gets richer in its content.

The CDs have lost their sheen ever since videos on internet has plunge into the market. Like the television many video hosting websites also has channels for the artists and performers from any field and they can upload their videos and become famous as well as earn as much money as a budding entrepreneur can. There are channels for cookery, make – up artistry, standup comedy, arts and design etc. on internet. The channel owners are the common people from amongst ourselves who exhibit their talents on this free medium and get numerous fans who subscribe to their You Tube channel and hence increasing the viewership. You Tube also help in running the small businesses of the up-and-coming entrepreneurs by giving them the compensation for as many subscribers they could have for their channel. The study on You Tube’s popularity revealed that the viewers of You Tube channels find the content that is published on it as more authentic and they could relate to it more easily as compare to the content that is telecasted over the television.

Internet videos are the most accessible application and most popular one in the smartphones. It is a personalized television where the viewer has full autonomy to decide what to watch and when to watch. You Tube can be watched from any device including smart TV., smart phones, I pad etc. The speed of streaming and the quality of videos that are uploaded on You Tube are the two areas where an improvement is needed in order to transform it into new age television. Alone YouTube attracts tons of viewers and billions of videos are pulled daily by the internet users. You Tube has successfully enchanted the Millennials as the content it offers is far wider in scope and varied than compare to a television.

Internet videos and other digital media has risen in popularity because of the advent of the much handy devices that can be developed on a chip. With all the technological advancements that lead to the fading of traditional methods of entertainment, TV still holds 70 % of viewership because of the high budgets and bigger canvas on which it plays and also because of its mass pervasiveness. However TV is just not about anything whereas You Tube is all about anything which we want to see anywhere.

Video streaming has also diversified into advertising world. It plays the ad just before a video clip and may be between the clips, however the good thing is viewer has the full control to skip the ad while it is playing whereas television does not authorize a viewer with this. The feature which is remarkably distinguishing is the ‘share‘, you can share the content you are watching with anyone be it on WhatsApp, Facebook or Twitter. The war of television and Internet video streaming will be won by the potential contender which can create such engaging channels that could cling onto the minds of the audience and are more relatable. The way digital media is diversifying both Television and YouTube would re vamp their look and accessibility and will reach the widest audience. 

Considering all this above do you think that Internet is winning race against Television? 

Tags: , , ,

Expert's View | Radio | Television

Have you done your investment yet?

by ExpertBlogger 10. June 2017 10:54

In my last article I have wrote about the need for investment and how that is necessary for everyone. I know some people always wanted to see their money in the bank and it make them happy but the point is that money does not grow and even it is growing it is growing with very slow rate.

Now when we talk about stock market investment then people often get reluctant because of its high risk nature and the research goes around it. I know the stock market investment is away been at high risk but it is always seen has high profit bit to do that you have be on your those to do you reinvestment and follow market every single day along with that you to follow new for the companies which you own the stock and make a wise decision depend or every trend in market, yes it seems hard and it is but if you are good at it then you can make lot of money sitting at home and doing smart click

This article is not about telling you to trade stock but there is also another opportunity to invest which is combatively low risk it is called mutual fund, these are the type of investment according me everyone should be doing because mutual fund managers and companies does their own investment and research for investing in all the stock and along with that they do other investment apart from the equity investment. Over last few years people have made decent profit by investing in mutual funds. 

If you don’t have money on upfront then there is provision done by mutual funds where you can do systematic investment every month and you can take advantage of ups and down of volatile market. It has been seen is pervious year the if market is gone down there is very little effect on mutual funds because they will holding diversify portfolio where other means of investment give you support when stock market is not in your favor.

Now when we think of investment there and many brokerage account which allow you to buy /sell or trade stock and mutual funds but there is always fees attached with that and that can be overhead but now there are many free stock trading providers are in market which allow you to trade freely without any charge on trade transaction and that is huge pulse for new buyers which want to enter. We always think about secure investment but there is need for investment then you have to balance between high risk and low risk investment opportunity because you should feel that you have miss the bus in thinking and people have made smart money. 

So what you are waiting for go ahead and taste the water, it’s never too late for investment. 

 

Disclaimer:  Stock market investment are subject to market risk, please do you own research about your plan before investing.

Tags: , , , , , , ,

Expert's View | Finance