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Refinancing A Mortgage

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Refinancing A Mortgage

It happens thousands of times every month; homeowners look to refinance their current mortgage into a new loan that will put them in a better financial position. The good news for homeowners is that the refinance process is much easier than when they bought them. For one thing, you don’t have to deal with a seller and there is a lot less paperwork.

That being said not everyone looks to refinance their mortgage, even though a new loan will improve their finances because they’re not sure how to go about the process. Or they had such a bad experience when they purchased the property that they don’t want to go through that again (even though it’s a much simpler process).

What You Need To Know:

When you refinance your current mortgage it’s important to remember the simple fact that you don’t have to work with the person who sold you the home. That alone should save you hours and hours of time. And because you don’t have to deal with a seller when you are refinancing a mortgage you have far fewer documents to complete and sign.

Here are the steps you need to take to ensure an easy and quick refinance transaction.

  • If you don’t know the basic terms and phrases used in the mortgage industry take 10 minutes to learn the basics. It will really help with your search for a new mortgage.
  • Establish a plan of action. Why are you refinancing? If you’re taking cash out to consolidate debt or improve the home then great! If it’s to move from a 30 year fixed rate mortgage to a 20 or 15 year fixed rate mortgage then good for you. Or maybe you have a high rate mortgage now and rates are much lower; that’s a great time to take advantage of the market. Whatever the reason is to establish your plan of action and never refinance unless you’re better off after the refinance.
  • Put together your income documentation, along with your homeowner’s insurance and mortgage statement. Having these ready will show the Loan Officer you have a good understanding of the process and that you are prepared.
  • Review your credit history (get a free credit report from one of the three credit bureaus) and review the homes that have sold in your area (Zillow is a great website for this).
  • Find a great company to work with that has the highest rating on various review sites (Better Business Bureau, Yelp, Zillow, etc). And make sure your Loan Officer has more than two years of experience.

Doing these things will really help your loan process and give you the best chance to locate a low rate mortgage at great terms.

How Long Does A Refinance Take:

I think this is probably one of the top questions most people have when it’s their first refinance. Understandably because the home buying process can seem like forever. Some escrow periods (purchases) are 45-90 days but don’t worry; a refinance should not take that long.

In most cases, the length of a refinance is significantly shorter than that. In fact, sometimes a refinance is completed in two-three weeks. Certain refinance programs allow for a very fast process. For example, the FHA Streamline Refinance loan program is super easy and really fast – no income docs, no appraisal and it really does not get easier than that.

Don’t have an FHA loan currently?

No problem! Both Fannie Mae and Freddie Mac issue appraisal waivers and some lenders will verify your income independently (so no income docs) and if you qualify you too can get a speedy refinance done.

Whatever your choice is knowing that a refinance of a current mortgage is a great opportunity to help your current financial position. Saving on a monthly payment, home improvements or shorter-term are just a few of the examples discussed that could provide a huge benefit to you and your family.

BUSINESS

Mowers for Medium-Sized Lawns!

Umar Nisar

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Mowers for Medium-Sized Lawns

It is usually a hard decision to make whether to go for a walk-behind or a ride-on mower.

You have also heard that before choosing any lawnmower, you need to consider the following things:

· Choose the right sized machine

· Get the best price

· Find which models are reliable

· Get the lawn finish you require

· Spare parts availability

· What size engine is needed

· Match machine to the size of lawn

· Access the latest deals

If you have a small or a large lawn, then the decision is obvious and straightforward. The difficulty comes when you have a medium-sized yard. Do you want to walk all that distance behind a mower, or can you justify a ride-on?

But first consider when a lawn is considered as small, medium and large. A large lawn is 2.5 acres or more, medium lawn is 1-2.5 acres and small lawn is up to 1 acre.

It is unquestionably true that some people have ride-on mowers when it simply isn’t necessary, which is just a waste of money. These are expensive machines, with only a few models below the $1,500 price tag. You should have to manage your budget.

If you decide to buy a ride-on, consider the lawn’s shape, as it is much easier if the edges are either straight or only gently curved and if there are no awkward corners. Some people even go around the edges first with a walk-behind.

There are different sizes of ride-on mowers available, and some are very maneuverable, even in tight corners. Also, the grass collecting method of the machine has a bearing on its maneuverability and suitability.

The least obtrusive system to maneuverability is the mulching deck, as there is no grass collector needed, and hence the mower is probably shorter and more compact.

“Mulching deck mowers are very easy to negotiate around a medium-sized lawn, as there is no grass collection box.”

At the opposite end of the scale are tow-behind collectors (albeit these are not very common) and the brush collectors.

The brush collectors hang on the back of the mower and increase its length, but also because there is brush causing friction and acting as a third contra-rotating wheel at the rear of the machine, it can affect the machine’s ability to turn sharply.

The other type of collector is the chute method, where the grass is ‘blown’ by the cutting blade up a chute and into the grass collection box. There is no brush contacting with the turf, and so the turning radius is not adversely affected. However, these collectors do have more of a tendency to block under damp conditions in comparison to the brush collectors. The short chute versions that usually route the grass a short distance through the machine’s center (under the driver’s seat) are generally better at coping with damp grass than the side chute models. The side chutes are long and more prone to blockage.

It certainly is possible to use a ride-on mower in a medium-sized garden if you choose a suitably sized machine and the shape of your lawn is appropriate.

One type of mower which is very maneuverable is the articulated (bend in the middle) steering machines. In fact, these often have front-mounted cutting decks, and so it is easy to get right into the corners and negotiate curves without cutting corners with the rear wheels as the rear wheels chase the path of the front ones.

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BUSINESS

How to Buy a New Home in 2021

Umar Nisar

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How to Buy a New Home in 2021

If you are one of the many people who have purchased a piece of real estate recently then you know just how hard it can be when trying to find the next home. Today, it is easier than ever before to own real estate without going through the traditional red tape. Thanks to the Internet, you can easily look up information about properties without ever leaving your office or home.

Thanks to the Internet, there are so many websites such as Athesma that will show you pictures and information about properties right from the comfort of your home. If you want to know how to buy a new home in 2021, then there are many websites on the Internet that are dedicated to showing you the different properties that are for sale. They will show you everything from the houses that are for sale to the prices. In order to get a good idea of what you want to buy, the first thing you need to do is to look up real estate by city and state.

You want to narrow your search down to something like real estate by city and state. This will help you feel a little bit more comfortable with what you are looking at. You will be able to see a smaller version of the properties that are on display to you. By narrowing it down this way you will be able to see the houses that catch your eye the most. You can even see what neighborhoods they are in.

When looking up a property by city and state, you want to make sure that you are not overlooking any properties. It can be very hard to notice some of the homes when you are looking through so many properties. You also want to make sure that you are not overlooking properties because you do not want to miss out on the perfect house that is right for you. There are many websites that will help you to compare the properties that are for sale in your town. Once you have compared all of the properties, then you will know what you have been looking at and what you want to purchase.

A great tip for you to follow when you are learning how to buy a new home inenders is to go over the listing thoroughly. Look over everything from the description that is written on the property to the number of bedrooms and bathrooms that are listed. You need to look for the things that you like in a home. If there are things that you do not like about the property then you can eliminate it from your list. When you have looked through all of the listed properties, then you will be able to choose which property you are going to buy. You can call the agent that is listed or you can look at the property online to make the decision easier.

The Internet can be your friend when you are learning how to buy a new home in 2021. There are many websites that you can look at to get more information about certain areas or the city that you are living in. Take the time to see what the people who own the property have to say about the home. You may not find anything that surprises you but you may find something that can help you decide if a home is right for you.

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BUSINESS

Learn the art of applying emotional intelligence and motivate your team members – Meet the Dynamic Business coach Zohaib Malik

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Zohaib Malik

Zohaib Malik has over 15 years’ experience working with renowned brands in Dubai . He has been managing teams comprising of people from over 20 different nationalities and managing over 500,000 customers for different businesses.

Zohaib specializes in helping employees remain motivated , diplomatic & energetic at work . He uses techniques and steps that increase engagement at work and helps employees vision a clear career path eventually resulting in growth & promotions .

Zohaib also helps people deal with difficult and complicated bosses/managers with the end goal being able to cultivate healthy relationships at work . He frequently conducts on-demand 1-1 sessions where he coaches young managers to become emotionally more intelligent using Empathy and humility to gain optimum results from their teams . 

Zohaib believes in sticking to basics by bringing the ‘human touch’ in coaching & motivation and not complicating things for his listeners . He highly recommends 1-1 sessions and helps team-leads/managers structure them in a systematic way to gain maximum profitability during negotiations & performance management of team members .

Zohaib’s enjoying a tremendous growth in his social media presence over the last 8-9 months with over 65,000 views of his YouTube Channel and almost 5,000 followers on LinkedIn .

You can subscribe to his YouTube Channel on https://www.youtube.com/channel/UCXfNxpZx5lVcLht4HUl1kXg or connect with him on LinkedIn at https://www.linkedin.com/in/zohaib-malik-17871b61/ .

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