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Log Cabin Living: Reasons the Benefits Go Far Beyond the Aesthetics

Log Cabin Living: Reasons the Benefits Go Far Beyond the Aesthetics

Some who used to play with Lincoln Logs as kids got mesmerized by the appearance and construction of wood.  So much that the very same people decided to live in a log cabin when they got older.  Sure, log cabins are quite appealing to look at yet there are reasons beyond the aesthetics for choosing to live in one.  Read the following and see how the reasons stack up in favor of electing to live the log cabin life. Financial Freedom Sure, a ‘Mc Mansion’ in Beverly Hills is probably cozy but you have to be a millionaire, or invest millions in your home, to live in one.  Traditionally, kids grew up believing that settling down and buying a home in the suburbs afforded a happy life.  That still may be true yet more people are deciding on alternative lifestyles and making unique decisions.  Assuming that you’re not thinking of building a mansion-sized ‘cabin,’ a log cabin is a modest investment, which allows for more financial freedom.  Some want to live in a nice home but they don’t want to be slaves to their living spaces, sacrificing vacations and limiting their lifestyles in order to afford a house.  Log cabins are beautiful, comfortable, and allow owners to keep more money in their pocket. Green Mind Today, more people are... Read Full Story


Latest from Rikk Miller, Financial Writer

Rick is a financial writer. He is associated with several financial communities.
His expertise is woven around various aspects of the real estate industry. He is a financial writer who excels in writing finance articles.

Renting Out Your First Property

Renting Out Your First Property
By: Rickk Miller, July 19, 2016

If you are looking for a good way to build up a pension, something for your future, buying a property and renting it out is a great way to do it. In the UK, the US, and much of Europe, thousands of private individuals become landlords for the first time, every year. Here we provide some guidance to make sure that being a landlord, for the first time, is a pleasure rather than a headache. Don’t go it alone Our first tip is to resist the temptation to do everything yourself. Renting out a property sounds easy on paper, but in reality, it is actually quite difficult. There is a lot that can go wrong. For example, what happens if someone stops paying his or her rent? Would you know what the quickest way to get the missing rent paid, or how to evict the tenant? In all likelihood, you would not. You would need to hire a lawyer to help you. This takes time, and in the meantime, your rent is not being paid. Staying within the law In most parts of the world, the standard of rental properties is heavily regulated. You need to be aware of these regulations, and make sure that you stay within the law. If you are new to the rental market understanding and complying with all of these rules is extremely difficult. This fact means that you are usually better off hiring a professional letting agent rather than trying to do everything yourself. Hire the right agent Whether you are looking for York Estate Agents, England, or New York, America, you need to do your research. You have to bear in mind... Read Full Blog Post

Amenities and Aesthetics: The Benefits of Living in an HOA Community

Amenities and Aesthetics: The Benefits of Living in an HOA Community
By: Rickk Miller, June 7, 2016

If you’re tired of mowing the lawn, you wished someone else would come by and paint your house for you — for free — or you just want to live in a safe and well-manicured neighborhood, then you might want to live in an area where there is a homeowner’s association (HOA). Here are some of the reasons homeowners like it. Maintained Properties In an HOA neighborhood, the HOA takes care of the lawn and what are called “common areas.” You can see examples of these in Bellerive homes for sale. These are areas that are open to everyone, and include areas and sidewalks where people in the community walk and where children can play, like neighborhood playgrounds. It may also include dog-walking areas where residents walk their dog or other pets. HOAs usually do a fantastic job of maintaining amenities, like lawns, common areas, parking lots and spaces, and even the front of homes, lighting for the neighborhood, and playgrounds. More Amenities Want a swimming pool but don’t want to maintain it? Wish your children had someplace safe to play? How about a safe community you can walk around in? Or, trails where you can take your dog without worrying about getting lost or paying an entrance fee? These are the types of areas that HOAs maintain. Some HOAs include things like walking trails, sport courts, swimming pools, barbecue pits, neighborhood parks, clubhouses, and other common areas open to all residents. Some of these areas can even be booked for special events, like weddings or parties. Aesthetically-Pleasing Homes Want to live somewhere that you know your property value won’t go down, even if rowdy neighbors move in next... Read Full Blog Post

How Much Does It Cost to Build a House?

How Much Does It Cost to Build a House?
By: Rickk Miller, May 2, 2016

As you look into getting a new home, you have a lot of decisions to make. Building a new home allows you to make all of the choices that will give you the house of your dreams, but that does come with a price. The cost of building a new home varies greatly – usually somewhere between $100,000 and $600,000 – and it’s almost always more expensive than buying a home that’s been around for a couple of decades. However, certain factors play a big role in the cost of a new home, and it’s possible to make tweaks to a plan to make it more affordable. Understanding these factors can help you decide whether buying a new home is the right move for you. Builder’s Style The way that the home is built can play a big role in the overall cost. Modular homes are the most affordable option for a new home. These are built in a factory, then transported in pieces to your building site and assembled like a puzzle. Modular homes have a reputation for being made from low-quality materials, but the process has certainly evolved over the years. Current versions are better than the ones made several years ago. Homes that are completely custom-built are the most expensive. This involves working with an architect who will create a design from your home, then a contractor will build it. It’s the right choice for someone who has a very specific – and possibly unusual – idea of what they want their home to look like. Most people choose the option in the middle – working with a quality home builder and development company. These companies... Read Full Blog Post

Get the Right Mortgage for Where You Are Right Now

Get the Right Mortgage for Where You Are Right Now
By: Rickk Miller, April 7, 2016

There is no such thing as one size fits all. This is especially true when it comes to mortgages. Not only does one size not fit everyone, it doesn’t even fit one person in every stage of life. That is why it is so important to understand the various types of mortgages and what they can do for you. In the same way that there is no mortgage that fits everyone, there is no right or wrong mortgage. Some have decidedly better terms than others. But some of those packages deemed bad by some allow others to purchase a house when they would otherwise never have been able to do so. Therefore, rather than focusing on the best mortgage, you should focus on the best mortgage for you at the various stages in your life. Here’s how to match a mortgage to the stage of life in which you happen to find yourself: Insufficient Retirement One of life’s cruel ironies is that as you enter the stage where you are making less money, the business of staying alive often gets more expensive. When retirement and a major decline in health happen at the same time, most people find that their retirement plans were insufficient. And that they have grossly underestimated how expensive aging issues can be. Even in such a scenario, it is possible to make ends meet. What you need to do is calculate your finances for a reverse mortgage possibility. Rather than a traditional loan, you receive payments for your home instead of making them. This is an excellent type of mortgage for those who have no need to pass the home down to the kids. However, the... Read Full Blog Post

Business Tax Credit Considerations for the Real Estate Industry

Business Tax Credit Considerations for the Real Estate Industry
By: Rickk Miller, March 24, 2016

Taking advantage of tax credits starts long before tax season. It’s something that real estate businesses have to consider before breaking ground on a project or putting up the first “For Sale” sign. From the projects you take on to the people you hire, there are a number of tax credits and incentives that can help you keep more of your revenue. Identifying Business Tax Incentives Before you can claim tax credits you have to first identify them and then follow the requirements so that your company is eligible. This can be a very labor-intensive process since incentives and regulations can change at any time. ADP business tax credits and incentives allow real estate businesses to more easily identify applicable tax credits within a database of over 3,000 incentives. They also have mapping software that allows you to search for tax incentives based on geographic location. Where the Business is Located Like real estate, taxes are all about location. Federal taxes are just one piece of the tax pie. State, county and city taxes can also come into play. Some cities are luring in new businesses with tax breaks for a specified period of time. This can make startup much easier on a real estate business, however, forecasting for the added expense once taxes do kick in has to be done first. The most tax-friendly states that offer the lowest combined tax rate are also worth considering if you are looking to start a business or relocate. For example, Delaware doesn’t have a sales tax and the property taxes are among the lowest in the country. This could be extremely beneficial for a business that is just starting out and... Read Full Blog Post


Latest from Mark Healey

Mark is a content development specialist who enjoys researching and writing about various topics. He is passionate about the digital space and is involved with promoting and distributing beneficial content throughout internet communities.

Wheelchair-Accessible Home? 5 Tips for Finding One

Wheelchair-Accessible Home? 5 Tips for Finding One
By: Mark Healey, May 31, 2016

Buying a house is no easy task. Finding the right home in the right location, with the right number of bedrooms, a big kitchen and enough general living space is not easy to do without compromises, and becomes even more challenging when adding a need for an accessible home to the mix. If a wheelchair-accessible home presents itself to you, take advantage of it, because they are uncommon in the housing market. But if it’s not possible to buy a wheelchair-accessible home (or convert one yourself), here are some things to look for in the next home you buy. Single-level home In order to make the entire house accessible, make sure it’s actually accessible. Stairs are a great way to ensure anyone with a mobility challenge won’t be able to reach half of the house. Don’t forget to consider the outdoor parts of the property. A steep driveway will make getting the mail problematic, and a backyard with multiple levels or hills means it won’t be enjoyed to its full extent. Open floor plan Hallways aren’t the only spaces that need to be wide enough to maneuver. Large rooms with enough space to leave space between furniture, and between sections of the room is vital in order to comfortably and safely move around the house. It’ll give more space to everyone: friends you invite over for a dinner party, family who comes over for a birthday party or even anyone who’s there to help and perform caregiver responsibilities. Wide hallways & doorways For a powerchair or a manual wheelchair user, this one is obvious. Not only does the chair itself need to fit down hallways and through doorways, but... Read Full Blog Post

Increase Your Home’s Value with a Home Gym

Increase Your Home’s Value with a Home Gym
By: Mark Healey, January 14, 2016

American obesity is still on the rise, and it’s becoming increasingly important for us to become more health-conscious. The most important thing that we should be doing is watching what we eat. As the old adage goes, “you are what you eat,” and America’s public shows that’s true. Aside from watching what you eat, you should also take the time to get regular, moderate exercise. Combining these two ideas will help you lose weight and feel better about yourself. Working out is imperative and the exercise helps boost your immune system to fight off viruses, bacteria and other maladies. For many of us, working out in a gym is intimidating. Both men and women can suffer from a lot of potential problems— from insecurity issues with how we look, to how much we can lift and how heavy we are. Due to this problem, more homeowners are building their own home gyms. Not only does this make working out a much easier task, it can even increase the aesthetic value of a home. If you are considering building a home gym, there are a few initial steps. First, you’ll need to figure out if you want to convert an existing room into your home gym. If you can’t convert an existing room or your garage, a new addition is another option. Certainly building an additional room will be an expensive project, but it will increase the value of your property enough to justify buying new exercise equipment for your home gym. It’s important to note that if you want to build a home gym correctly, make sure your new addition has relatively high ceilings. This will give you more range when... Read Full Blog Post

When the stuff inside your house becomes “home”

When the stuff inside your house becomes “home”
By: Mark Healey, December 29, 2015

To a little kid, a move is exciting: it’s an excuse for a newly decorated bedroom, new toys and new neighborhood friends. But to anyone else, a move sometimes signifies leaving more than it presents the opportunity for novelty.But for anyone who spent their childhood (or adulthood, or anything in between) moving, it’s not the house that stores the memories, like many of us think. Quite often, it’s the things inside the house that are filled with meaning and hard to let go of. What makes a “home” Instead of the walls of the house, it’s the dresser set that traveled with the family during each move, and stood next to your bed in each new bedroom, and the dining room armoire holding Grandma’s china that really hold the memories. They’re the constants in pictures, in the background of the home videos, and the things that fill memories. Redecoration can help On top of the furniture that travels to each house, with each new home, the opportunity to redecorate and buy new things will always exist, a process that adds to the memories. A chest bought in one city might stand next to a sofa bought in another, both undoubtedly with their own stories and memories. While moving can always be an excuse to clean out the house and purge what isn’t absolutely necessary, it’s really an exercise on deciding what’s important and meaningful and what should be taken by a Boston junk removal company. Move after move, the less important belongings will be naturally filtered out, and the important will stay, making an appearance in another room in another house. Things to leave behind The things left behind... Read Full Blog Post

Moving is Expensive: Here are 5 Tricks to Cut Costs

Moving is Expensive: Here are 5 Tricks to Cut Costs
By: Mark Healey, August 11, 2015

Everybody knows that moving is one of the most stressful events in a person’s life. Changing environments, a new office, and the process of packing could make any one go crazy; and that’s without looking at the financial impact of a big move. Use the following tips to reduce the fiscal burden of your next move. DIY This is the first and most obvious way to move without overspending. Find a quality truck rental company and move all of your belongings yourself. If you are staying in town then use pizza and beverages to inspire your friends to help you move. The cost of a nice lunch for your friends will be significantly less then hiring a mover. Make sure to choose a group of friends that you trust though. A careless friend could break something important or expensive without the means to reimburse you. You should also be aware of your liability if anyone is hurt on your property helping you move your stuff. This is the cheapest option; but tread carefully. If the move is sloppy and your walls get dinged up with dollies and boxes, you will need to hire a One Day Painter to get the house back in shape for it’s next inhabitants. Go local Some times doing it yourself with a move is just not possible. Some objects are hard to move like pianos and pool tables and require professional help. The best thing to do in this circumstance is go local. Hire a Professional Mover to help execute the move without damaging your belongings or property. Cut costs by buying the boxes and having everything ready to load when the movers arrive!... Read Full Blog Post

Moving Safety 101

Moving Safety 101
By: Mark Healey, June 19, 2015

Moving from one house to the next is one of the most exciting and stressful undertakings you will do in your lifetime. While there is obviously a lot to think about such as organization, timing and budget; one thing that is too commonly overlooked is safety. Safety is the most important aspect regarding moving, especially when heavy furniture and stairs are involved. If you choose not to hire a Massachusetts moving company use these tips to avoid adding stress or a hospital visit to your next move. Clear Pathways The fist step you should take to ensure no one is hurt during your move is to clear all walkways in and out of the house. When moving heavy furniture people often walk backwards and if they were to trip over anything it would be an absolute catastrophe. Remove all hazards from these walkways to ensure no furniture (or bones) get broken. It’s a good idea to call you’re a professional junk removal company prior to moving day to get as much junk out of the way as possible. Pack Smart While it may seem counter intuitive, the best way to pack is by putting larger, heavier items (such as books) in the smallest possible box. Instinct tells us to fit as much of these items as possible in one large box. The issue is that to many heavy items in one box could lead to muscle injuries for anyone helping you move. By placing lighter items in the biggest boxes and vice-versa you can keep all the boxes a similar, manageable, weight. Be Prepared This means have the right equipment for the task. A dolly is an invaluable asset... Read Full Blog Post


Home & Garden

Log Cabin Living: Reasons the Benefits Go Far Beyond the Aesthetics

Log Cabin Living: Reasons the Benefits Go Far Beyond the Aesthetics
By: Rickk Miller, August 26, 2016

Some who used to play with Lincoln Logs as kids got mesmerized by the appearance and construction of wood.  So much that the very same people decided to live in a log cabin when they got older.  Sure, log cabins are quite appealing to look at yet there are reasons beyond the aesthetics for choosing to live in one.  Read the following and see how the reasons stack up in favor of electing to live the log cabin life. Financial Freedom Sure, a ‘Mc Mansion’ in Beverly Hills is probably cozy but you have to be a millionaire, or invest millions in your home, to live in one.  Traditionally, kids grew up believing that settling down and buying a home in the suburbs afforded a happy life.  That still may be true yet more people are deciding on alternative lifestyles and making unique decisions.  Assuming that you’re not thinking of building a mansion-sized ‘cabin,’ a log cabin is a modest investment, which allows for more financial freedom.  Some want to live in a nice home but they don’t want to be slaves to their living spaces, sacrificing vacations and limiting their lifestyles in order to afford a house.  Log cabins are beautiful, comfortable, and allow owners to keep more money in their pocket. Green Mind Today, more people are concerned for the planet.  In addition to recycling and carpooling, some people are taking concern a step further and seeking sustainable homes.  Wood is a responsible choice in selecting a building material.  Yes, trees are used to produce the lumber, but particular suppliers ensure that more trees are planted than used.  Logs are a renewable resource; once a home is... Read Full Blog Post

Preventing Air Conditioner Breakdowns: Simple Ways to Keep Cool All Summer Long

Preventing Air Conditioner Breakdowns: Simple Ways to Keep Cool All Summer Long
By: Rickk Miller, August 26, 2016

It just never fails: a sweltering heat wave settles over your area, you’re keeping nice and cool indoors, and suddenly, THUNK. Your air conditioner shuts off. Now, the heat is really on. But you don’t have to suffer through this sweaty scenario. Like any piece of equipment, air conditioning units need to be maintained year round to prevent breakdowns. A new air conditioning can cost you a lot of money and even hiring a company to maintain it for you can put a dent in your wallet. Fortunately, there are cheap, easy things you can do yourself that will keep the repairman away and the cool air blowing all summer long. Keep the Screen Clean If you look on the back of your air conditioning unit outside, you will notice that it’s really just a large fan with some cooling lines inside a big metal box. Typically, there are screens that cover the sides of the box to prevent debris from getting sucked in. These screens need to be kept clean. You should clean them at least twice a year: once in the middle of summer and again once you’ve finished using the air conditioning for the year. This will keep the screens clear and the air flowing. If you ignore this, build up over the years can cause problems. If you clean the screens regularly, soapy water and a scrub brush should be enough. If you let the debris buildup, you may need to purchase a cleaning solution that will dissolve the matted grass and leaves that have become embedded. Help Your Air Conditioner Help You If you’re in the middle of a heat wave, your air conditioner... Read Full Blog Post

How to Choose a Property Management Company

How to Choose a Property Management Company
By: Rickk Miller, August 24, 2016

Even though you want to have a hand in managing your investment property, there comes a time when you may need to hand over all of the management tasks to a property management company. In fact, there are some distinct advantages to having a professional full-service management company deal with all aspects of your investment property portfolio. Here are services to look for when you are choosing a property management company. Evaluation One of the advantages of having one company handle everything about your property is the convenience. As real estate professionals, they can evaluate the property and determine an accurate rental rate taking into account its location and condition. The company may even suggest improvements or repairs for your property that will benefit the rental rate you can ask for. Preparation Any preparation of the property for rental is the management company’s responsibility, including the maintenance of the interior as well as the landscaping. Marketing is another responsibility of the company including website listings and advertisements. After showing the property to prospective tenants, the company should thoroughly screen applicants and make sure the leasing transaction complies with all laws and regulations. Management Management of the property begins with the collection of deposits and rent, but it includes so much more. At times, there are late fees to collect and legal issues such as evictions to handle. Expect the property management company that you pick to handle all of the accounting for your property. All payables and receivables should go through their office. They should also provide detailed monthly statements as well as a full yearly financial report with a form 1099 to the property owners. Maintenance Kenny Slaught... Read Full Blog Post

How To Effectively Convey Home Design Projects To Clients

How To Effectively Convey Home Design Projects To Clients
By: Rickk Miller, August 22, 2016

Retaining clients is difficult with all the other competitors out there. Successful architects and interior designers usually focus on two important things: Client relationships Effectively communication ideas and designs to clients The stress of presenting plans to a client can be overwhelming for many architects and designers, especially because conveying the actual end result of your very thought out plan to a client may not always be successful. We have compiled a few tips to help you effectively communicate and convey your designs to your clients. When it comes to costs, be upfront Although “money” is not usually an easy topic of conversation, clients appreciate honestly. So, before you start designing your client’s future house, speak to them about all the costs involved in the design. This can include information such as why using specific, perhaps more expensive materials, will benefit the client. Remember, trust is one of the best ways to improve the relationship between your client and yourself. Provide your clients with real insight Architects and interior designers may be able to dazzle their clients with fancy frills and spills, but sometimes all clients really need is for the designer to present them with a design that sells them a true idea of the lifestyle you are selling them. Ensure that you present a design that caters to the client’s needs and wants. Use 3D Visualisations to make clients fall in love with your designs Technical representations of a design usually only speak to people who are designers. For the laymen, who has no experience in understanding technical drawings, 3D Visualisations can really bring your designs to life in a way that your clients can understand and... Read Full Blog Post

How To Stay Warm In The Winter

How To Stay Warm In The Winter
By: Rickk Miller, August 17, 2016

For a lot of us, the winter season means cold weather. Temperatures drop, and we spend the days just trying to keep warm. If you are tired of always being cold in the winter, here are some tips that can help you to stay warm. Make Sure Your Home Is Sealed Your home heating system can keep your house warm, but if there are leaks in your house, it won’t do much good. If too much air can escape through your windows, doors, or even the walls, then any heat you generate is simply going to leave your house. Perform an inspection of all of your windows and doors, and be sure there are no places for air to come in and out. It may also be a good idea to contact a local heating and air conditioning company to have them inspect your unit and insulation to do a more thorough evaluation. Start A Fire If you have a fire place in your home, be sure you are putting it to good use. Not only will a fire send off some heat, but it will help you lower your heating bill, and make any room extra cozy. For those of you that do not have a fireplace in your home, you can consider having a wood burning stove installed. (This can be a rather expensive option though, so be sure it is worth it to you. Also check and see if you can get a tax deduction for installing one!) These heat up a room rather quickly, and give you a nice flame to sit by. Electric Heating If you can’t get a fire going in your home... Read Full Blog Post





Money & Investment

Business Tax Credit Considerations for the Real Estate Industry

Business Tax Credit Considerations for the Real Estate Industry
By: Rickk Miller, March 24, 2016

Taking advantage of tax credits starts long before tax season. It’s something that real estate businesses have to consider before breaking ground on a project or putting up the first “For Sale” sign. From the projects you take on to the people you hire, there are a number of tax credits and incentives that can help you keep more of your revenue. Identifying Business Tax Incentives Before you can claim tax credits you have to first identify them and then follow the requirements so that your company is eligible. This can be a very labor-intensive process since incentives and regulations can change at any time. ADP business tax credits and incentives allow real estate businesses to more easily identify applicable tax credits within a database of over 3,000 incentives. They also have mapping software that allows you to search for tax incentives based on geographic location. Where the Business is Located Like real estate, taxes are all about location. Federal taxes are just one piece of the tax pie. State, county and city taxes can also come into play. Some cities are luring in new businesses with tax breaks for a specified period of time. This can make startup much easier on a real estate business, however, forecasting for the added expense once taxes do kick in has to be done first. The most tax-friendly states that offer the lowest combined tax rate are also worth considering if you are looking to start a business or relocate. For example, Delaware doesn’t have a sales tax and the property taxes are among the lowest in the country. This could be extremely beneficial for a business that is just starting out and... Read Full Blog Post

Save your dollars on your variable rate home loan and stay at an edge over others

Save your dollars on your variable rate home loan and stay at an edge over others
By: Rickk Miller, March 4, 2016

Are you in the market to take out a home loan for realizing your dream of becoming a homeowner? If answered yes, you must have been confused to know the wide array of home loan options available in the market. Mortgage loans are generally categorized into three types, the fixed rate home loans, the variable rate home loans, and hybrid loans which carry some features of both fixed rate and variable rate loans. Although there are many advantages of taking out fixed rate loan, it is not that variable rate loans shouldn’t be taken out. There are number of lenders like NPBS who lend variable rate home loans and if you wish to save your dollars on such loans, here are some steps that you need to follow. Reduce the term of the loan: Like most lending institutions, they offer variable rate home loans with a standard 20 year bond. If you can shorten the term of the loan by only a couple of years, you can cut down the interest rates considerably, thereby saving hundreds of your dollars. That may create the difference between seeking an early retirement and having to continue work. Pay more than the scheduled payments: If you decided to shorten the term of your home loan, you can afford to pay a little extra payment each month. For that you might have to sacrifice some of your expenses, but that will help you in the long run. Even a few hundred dollars added to your variable rate home loan payment might save thousands on interest rate. Make extra payments: Speak to your lender about the penalty charges of making extra payments on your home... Read Full Blog Post

Using Debt Settlement to Get Out of Debt

Using Debt Settlement to Get Out of Debt
By: Rickk Miller, March 3, 2016

Debt settlement is the process of negotiating with the creditors to settle the debt at a reduced amount in lump sum for example 75% or 50% of the original amount you owe. The cost for the debt settlement vary across different companies and is about 10% – 15% of your total debts. Most of the time, debt settlement is used in settling credit card debts. In the past, it is hard to settle a credit card debt for a reduced amount but nowadays you can easily get a debt settled with the help of a debt settlement company. There are so many people that have credit card debt problems and credit card companies are willing to settle a debt for a reduced amount so that they can get back some money instead of nothing at all. You will be asked to stop making repayment to your creditors and make payment to a trust account that the debt settlement company has set up instead. Some of the payments will be used for covering the fees with the rest going to each of the creditors as they agree to the settlement. The missed payment will be recorded in your credit report and it will cause your credit score to drop consequently. The debt will get written off when you are at least 6 months behind payment. In the meantime, you must wait for your balance to be high enough for paying the lump sum. It is when the creditor had sold your debt to the debt collection agency that the debt settlement company starts to negotiate for a reduced debt. Debt settlement company acts as a middleman between you and the... Read Full Blog Post

5 Expert tips for a college student who is planning to buy a home of his own

5 Expert tips for a college student who is planning to buy a home of his own
By: Rickk Miller, September 8, 2015

Are you someone who is a college student with moderate level of student loan debt and who is planning to buy a house of his own? If you don’t owe huge levels of student loan debt and if you have some savings and a reliable job, investing in your home is something that you can try in order to enhance your personal wealth. We usually see a lot of coverage that is given to the slow rate of Millennials buying homes but there is no news of a graduate who has shown interest in investing in a real estate property. Student loan debt doesn’t have as bad an impact on your credit score as credit card or auto loan debt. However you have to ensure that you have the ability to repay the home loan on time after managing all your other payments. Here are some tips for the recent graduates. Pay down high interest debt: The higher are the interest rates on your loans, the higher is the priority that you should give to repay that account. If you owe a certain amount on your credit cards, take immediate steps to pay them down before the interest rates multiply and take a huge shape. The sooner you repay high interest debt, the sooner you can improve the chances of grabbing a deal on your home. Watch out your debt to income ratio: One of the biggest factors for people who don’t get a loan is a high DTI ratio. When you have too many debt defaults in accordance with your income, you will have a high DTI ratio and this is when the mortgage lender won’t allow you... Read Full Blog Post

Does the housing market still bear scars of the Recession or is it on the path of recovery?

Does the housing market still bear scars of the Recession or is it on the path of recovery?
By: Rickk Miller, July 30, 2015

It has been a very odd year for the US housing market! The year started off with the Polar Vortex that was blamed for slowing down home sales during the initial part of the year. As we’re gradually nearing 2016, the National Association of Realtors expect sales of previously owned home to fall short of 2015, while according to the latest data, sales of new home show an improvement of just 2.8%. We all know that the housing market and the ups and downs have a direct impact in the mortgage market as well. Whenever there’s a positive improvement in the housing market, there has to be a noteworthy development in the mortgage market too as people usually tends to take out more mortgages when they get favorable conditions to purchase their dream home. The recession might be over years ago but the scars are still remaining in the housing market. Take for instance the homeownership rate. In the year 2005, the homeownership rate in America was around 70% and today it stands at 64%, the lowest level that this nation has seen since 1994. However, the good news for sellers is that the demand for homes is again back and the prices of homes are continuing to rise. But for the homebuyers, especially the first time homebuyers, inflating price tags are not a positive change. Apart from rising prices, the issues of rapidly rising rent, sluggish growth in wages and huge amounts of student loans are coming in the way of American Dream. Housing predictions for 2015 now that we’re halfway through the year At the beginning of the year 2015, there have been so many predictions but... Read Full Blog Post