Tag Archives: loan

Affordable Housing: Investing for Profit with a Purpose

affordable housing in Ogden The United States government uses affordable housing as a term to define a housing, whether they are owner-occupied or rental, that is affordable to anyone’s income. They describe affordable when the price is at or below 30 percent of the income. Investors who are seeking for a housing grant in Ogden from lenders like Wasatch Peaks Credit Union to start their business need to refer to this article to fully comprehend what affordable housing really is.

Determining Affordability

Subsidized housing programs as listed in Section 8 assists lower income families to better afford rent by settling a part of the market rate for rental units. Ascertain the median income in your location by looking into different sources of data.

For instance, the U.S. Census Bureau collects the average income of cities, counties, and states. Some real estate websites also offer this data for individuals who want to purchase homes in specific regions. Those interested can also get the data from housing authorities, economic development agencies, local and state governments.

Calculating Median Income

For investors who are considering affordable rent, they need to compute 30 percent of their median income. The result will serve as their calculated gross income per affordable rental unit.

Meanwhile, those interested in affordable homeownership should estimate 35 percent of their median income for the association fees, homeowner insurance, property tax, interest, and principle. They then have to compute for the anticipated sale price by subtracting a number of fees, insurance, and tax based on the going interest rates for the location. Afterward, they have to determine the purchase rate by utilizing the interest, principle, and difference.

They can always ask a mortgage or banking professional to help if they’re having trouble calculating the amount. Before jumping into the market, they need to understand everything about this investment to fully comprehend what is they’re really offering. They’re not only earning, but they’re also helping people and the community through affordable housing.

What Is a Title Loan and How to Get One

Getting a Title Loan in West JordanIf you are in need of quick cash, getting a car or motorcycle title loan in Sandy, Utah is a good option.

Here’s what you need to know:

What is a title loan?

Simply put, a car or motorcycle title loan is a type of quick cash loan you get by using your vehicle as a collateral. The process if quite similar if you pawn your jewelry. An authorized personnel like Utah Money Center will loan you the amount your item is worth and charge interest. If you don’t pay the loan back, you forfeit your pawned item. The same process applies to title loans.

How much can I borrow on a car title loan?

The lending company will decide on the value of your car. Following an inspection and appraisal, they will decide on how much they think you can get for your ride. This is why it’s important to keep your vehicle in good shape and make sure it’s clean before you bring it to the lenders for evaluation.

How long can I loan my car or motorcycle?

Some title loans last for months, some years. The duration is dependent on your agreement with the lending company. What you need to remember is that unlike pawned jewelry, you can still use your vehicle even if the car or motorcycle title loan is in effect. However, if you fail to pay back the money you owe, the lending company will take you vehicle.

Can I get a title loan even if my car is not fully paid?

You can, definitely, as long as the authorized lender believes your car has enough equity. In terms of other loans, some title loan companies are willing to accommodate customers whose vehicles are currently under a loan from a different establishment. You need to make an inquiry first to make sure the latter is possible. Lending companies are willing to come up with the best possible solution to your cash situation.

Ask Questions

Before signing a title loan contract, ask all the questions you need to ensure that you have a complete idea on the loan you are getting. Title loans are good options for quick cash needs, as long as you are able to make the payments on time and before the loan expires.

self-publishing

All On Your Own: The Cost of Self-Publishing

self-publishingWith the advent of ever-progressing technology comes a range of innovations and trends. Books, for example, have transcended the printed word. Now PDFs and e-books are available for perusing on devices such as tablets, mobile phones, and laptops, and through sites and apps like Kindle. This promotes the idea that more and more people are getting into the habit of reading.

Given the growth in the population of readers, is today not the best time to be a published writer? Submitting your work, from poetry to prose, blog or listicle, a compilation of jokes or what-have-you for publication can be a form of validation for your writing. This is a good way to find a readership, but if in case you find difficulty in securing a publisher, then by all means, self-publishing is no longer as vain as it used to be.

Doing Things Your Way: What It Takes to Self-Publish

First off, what you need to know is how self-publishing can be costly. Similar to any investment, you need to have capital. In Australia, there are fast personal loans amounting to as much as $10,000—these can be a means to getting to your end, which is to find your work in the hands of an audience.

Once you have your capital, what you need now are your publishing options. This includes low-cost publishing services, thanks to print-on-demand technology. These services have a variety of packages catering to a client’s needs. In addition to traditional publishing, it is noteworthy to cite how e-books comprise 30-35% of all US book sales, whereas 60% of these book sales, both print and digital, occur through an online seller. Say ‘hello’ to Amazon, mate.

Succinctly, listed below are three things you need to be aware of and consider in self-publishing.

  • Decide on your platform: digital, print or both?
  • Does your book have illustrations and color?
  • Marketing is an important aspect of publishing; do take note.

If you do decide to self-publish, it will be beneficial to you if you do your research—because your book can either be memorable, forgettable or regrettable. It depends on how you deal with it.

Be Shrewd: Find the Right Home Loan

Home LoanMany Australians — 61 per cent to be precise — are worried about a potential crash in the property market. Prices peaked last year, but the price growth is forecast to slow down this year. Because of this, only 61 per cent of Aussies feel that now is a good time to buy a home, compared with 71 per cent last year.

2015 showed a strong growth in the property market, and many first-time homebuyers like you may have experienced being outbid by competitors with deeper pockets. As frustrating as that may be, not all hope is lost as 2016 may be the year that you finally get your dream house, depending on how you view things and also on the moves that you make.

The decline in the market this year means you can get a better understanding of things. When there’s finally a consistency in the market, both buyers and sellers are aware of what’s really going on. Now, you can make better decisions. As a first time buyer, this may be the perfect time to spend because the market is less aggressive and you face less completion from investors with money to burn.

Of course, you can still be shrewd when it comes to looking for money loans. Financial experts at Rapid Loans advise buyers to be vigilant. After all, being extra careful never hurt anyone. A few ways to be on the safe side are:

  • Deal with all your current debts
  • Assess your credit score
  • Make sure you have all the necessary paperwork
  • Get preapproved
  • Select the right lender
  • Don’t spend beyond your capabilities
  • Finance only what you can’t pay for with cash
  • Read and understand the fine print

Just because the market shows that your dream house is ripe for the taking doesn’t mean that you should blow caution out of the water and get the first loan that seems like a good deal. Before you finalise anything, take a step back and follow these tips.

Businessman Processing an Online Loan

Seven Reasons Small Businesses Go for Short-Term Loans

Businessman Processing an Online LoanSmall businesses that need additional capital or operating funds, but have yet to establish a credit line can turn to short-term loans, which are payable within a year or less. While the amount available for this type of loan is not much, there are several advantages for the borrower:

  1. Quick approval. Since there are no credit checks required when applying for short-term loans, it takes less time to get it approved.
  2. Shorter payment duration. The amount approved for this type of loan varies, depending on the creditor. According to Rapid Loans, lenders also personalise the loan by looking at the borrower’s needs. Since the amounts are not huge, amortisation is not so heavy and is typically suited to the borrower’s ability to repay.
  3. Less Interest. Like most loans, especially for business purposes, short-term loans have smaller interest rates in total. While the value of the interest may seem bigger, because of the shorter payment duration it comes out less costly compared to long-term loans.
  4. Better than credit cards. While using your credit card for operation expenses is convenient because there is no need for application, in the end, the total value settled with the credit card company comes up higher.
  5. Faster accessibility to cash. It does take a relatively short time to get a short-term loan approved, once you submit all requirements. It takes even less time to access the money after loan approval.
  6. Less risky for lenders. Since the amounts available for short-term loans are small, often $1000 or less, lenders have less risk in case borrowers default on payment.
  7. No need for collateral. For those wanting to establish good credit history so they can eventually borrow bigger amounts, short-term loans are good practice. There is no need for collateral when borrowing such amounts, only the commitment to pay. If you’re serious about building a good credit history, you will take care to make those repayments.

Whether it’s to augment the working capital or for emergency purposes, short-term loans enable people to meet their needs. What is important is the ability to pay these small amounts borrowed and establish integrity as a borrower.