Questions You Should Ask Yourself Before You Buy a House

Buying a house is a lifetime investment and therefore there are a few factors you should consider. To avoid making a mistake, these are 5 questions you should ask yourself:

  1. Do you have money in the bank?

Mortgage lenders prefer working with homeowners who have enough money for a 20% down payment. However, if you invest more money in the down payment, your monthly payment will be less. Therefore, determining if you have money in the bank is the first step in becoming a homeowner.

  1. Do you have a lot of debts?

If you don’t have enough money in the bank for a down payment and you have numerous debts, you should not consider buying a home because you will end up stressing yourself or being foreclosed. You should try reducing your debts first to focus on buying a home with the little money you are making.

  1. Did you just start a new job?

Moneylenders like seeing stability and if you just started a new job you might not qualify for a loan. However, if you have been working for several years or got a promotion in the same career path, chances are high your credit score is good and money lenders will work with you. When you start a new job or you are on probation, you can lose your job at any time and this would lead to financial difficulty. Normally, money lenders do not like taking risks with people who have just started working.

  1. Do you plan on starting a new job?

If you are planning to start a new job with a better salary or working conditions, you are in luck because you can make monthly payments with ease. But, do you like the area you live in or are you planning to move after a few years? You don’t have to buy a home only to sell after a year or two (probably at a loss). Instead, you can rent an apartment and buy the house when you have made up your mind where you want to settle with your family.

  1. Will you still have some money in your bank after buying the house?

Finally, when you rent a house or an apartment, you rely on your landlord to pay for maintenance. This is not the case when you buy a home because you will have to cater for everything. Remember, you have a family to take care of, a life to live and other things to take care of besides paying the monthly payments. Ergo, you should have some money in your bank account. Who knows, you might encounter an emergency!

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Dividing Your Real Estate When the Time Comes


If a person has property or even some money they may want to divide it evenly to their children when they pass. This way they cannot be accused of having a favorite. If one child is well-off and the other is struggling is it okay to leave them more money and how to do this without hurting any feelings.

While many do want to be fair they should communicate with family members about the amount each person is going to get and the reason behind it. While one child is better off financially and may not need the money they may have hurt feelings if they do not get an equal share.  An inheritance is more than just money. There is a lot of emotions behind the inheritance and which person gets what.

Emotional Aspects of an Inheritance

People have a perceived impression of an inheritance. They think that if a sibling gets a smaller amount they are not approved of or the other sibling is the favorite. This can lead to years of hurt feelings. When dividing things unevenly it is important to do so with care and predation.

Talk Before making the Decision

A person should speak to their family members before putting things in writing. They should explain the reasons behind the even distribution and hope that the family will be understanding.  The family may be understanding and others may need an additional reason. If one is unhappy a person should think about their decision. Instead of leaving the money directly to their child they may want to put it in a fund for the grandchildren or a college savings plan. Inheritance does not have to do with only money. Family heirlooms should be divided equally too.

If one child is better off financially at the time the will it written it does not mean this will be the case in years to come. Financial situations can change. People do get laid off and other issues may happen. It may be a good idea to leave behind money just in case something may happen. A parent wants to make sure their children are taken care of at any age.

Consult with an Attorney

A person should work with an estate planning attorney and they can recommend how to divide up the assets including the money and non-monetary items.  A person does not want to leave behind hurt feelings. They should allow the family to know why they have made certain decisions and allow their children to know they are equally loved.

When in question the best thing a person can do is speak to their family and then speak to a lawyer. If they are not going to divide things up evenly than the family should know that ahead of time. This way it can be discussed and no one will need to be bitter. A person should put their wishes in writing. This way their final wishes and their division of valuables will need to be followed.

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Mortgage Points For The Purchase of Real Estate

The idea of buying and selling demands a sober mind, especially when the transaction involves a considerable amount of money like the one encountered in the mortgage contract. A mortgage contract demands a crucial understanding and appropriate decision making skill on whether to consider buying down the rate or not. Buying down the rate is also known as paying mortgage points.

Definition of mortgage points

Mortgage points come in different kinds. However, the most crucial ones that must be considered in his case are the points that help in earning a discount on the mortgage value. The discount points lower the interest rate of the mortgage. The lenders consider it a fair deal to include mortgage points because lenders do not spend their entire time in the borrowed homes for the rest of the duration loan.

Precisely, mortgage points are the upfront payment of interest to help the lender minimize the cost by absorbing some percentage of it directly, and the borrower enjoys a palatable and affordable interest rate. The effect of the mortgage points is usually mutually felt, and either the borrower or the lender benefits in the long run.

Worth of mortgage points

The underlying value of the discount point is one percent of the value of the mortgage loan. In such a scenario, if the value of the mortgage is $1000000, then the discount points will be $1000.  The worth of the points is, however, dependent on the lender. One discount rate point may reduce the worth of the mortgage loan by a quarter or eighth percent.

Break-even point of mortgage points

The benefit of the mortgage points is felt based on how long the borrower stays in the house. If the borrower decides to leave the house after less than ten years, then the breakeven point will not have been attained and may not enjoy the impact of the mortgage discount points. The lender benefits more in this case. However, after the breakeven point, the borrower saves at least 4cpercent of the mortgage loan in the long run and the discount points cover it. The value of the discount points can be calculated using the mortgage points calculator.

Advantages and disadvantages of discount points

The bottom-line impact of the mortgage points is that they make it easier to afford the payments. The borrower will require a lower monthly payment, which will result in high cash flow and higher chances of qualifying for a better loan.

The borrower also enjoys long term savings when they stay in the hired homes past the break-even point. They also help in reducing the tax effect.

The points may also be harmful in that one needs more cash in the closing, and must be in the long for a long duration of time if they have to enjoy the break-even point. One may also get ripped off unknowingly.

Conclusion

The mortgage points can be a win to the borrower and may end up owning a home in the long run. It only demands a quick calculation before committing to the loan.

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10 Creative Hacks to Add Plants to your Home Small Space

For environmental sustainability, greenery is a common way to make you feel happy. Nature feels calm, relaxed, and even more productive. The different phenomenon has emerged to encourage more people to have greeneries in their homes.

The plants are common in people’s big moments in life, such as weddings and funerals. Such events are in parks or gardens with ample space. In our homes, the dilemma is where to keep them and how to keep them alive. Below are some innovative ways to add plants to your small space.

1. Mount extra shelves

Around, under, or inside your widow is a place you can add shelves to place the plants. You can get a custom-made or the suction-cupped shelves for your window. The shelves also can be placed at the ledge of the window hence giving it a more in-depth look. For a cat owner, the shelf will restrict the cat from playing with the plants.

2. Create a Succulent Wall

The succulent wall is a perfect art and greenery added to your home. The wall does not take up any space on the floor or the counters. You can design the wall but planting it using the wall planter. Additionally, you can get pre-made succulent walls, which are relatively cheap.

3. Display on a Picture Ledge

The picture ledge is a secure place to add more plants to your home. The ledge has a groove of the length side to keep the art from falling off. The ledge will assist in keeping the plant in place in case a cat or anything tampers with the plant. More so, the picture ledge is cheap than the regular shelves.

4. Hang on the Unused Coat Hook

The coat hook is an innovative place to hang the plant. You can add a pop of green in many places in your room. If the shelf has the top storage, it will be an added place for another plant.

5. Mount a Tension Rod

A mounted tension rod can hang multiple plants. Sturdy rods can hold bigger plants such as the leggy vines, while smaller tension rods can mount smaller plants like succulents.

6. In Your Shower

In the shower is one of the underrated places to plant a plant. Plants in the shower are eye-catching and high décor. You can mount a hook on the ceiling and hang a plant. Additionally, a suction-cupped shelve is another smart way to have a plant.

7. Grow Plants in Water

Propagation is one of the ways to increase plants in your home. It is a process where you cut a healthy plant below where the stem and the leaf meet. Stick the plant in a jar, and the roots will grow without any soil. Not all plants are water plants; they can only thrive there for a short time.

8. Grow what you can eat

Another smart way is to row what you can eat. Herb garden, small citrus trees, vegies, and an endless list of edibles you can have in the garden.

9. Mount a Wire Grid for Versatility

Wire grid alongside S hooks is a space to have more plants. You can have a customizable look on the wall with different plants. The plants should be in a position to water and trim if needed.

10. Plant as Art

Plants in your home can be a piece of art. You can hang eucalyptus in a nice design. Incorporate more plants in your artwork like trying to hang dried flowers or any nicely placed plant on the wall.

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Newton Hawker Centre

Do you know about Newton Food Center? It is one of the most popular food joints in Singapore. It is located in Newton. Over the years, this food joint has been gaining a lot of popularity for all good reasons. That is the reason why the Singapore Tourism board promoted it as a tourist attraction. When was the popular joint opened? It first came into full operation in 1971. In 2005, this food joint was closed since the Singapore government wanted to revamp the food joint. It took a year for full renovation. By July 2006, all the operations were back to normal.

Newton Food Centre Located at Bukit Timah Road

What happened during its renovation? It is good to know that the food joint was not fully closed as the permanent premises were being renovated. At this time, its owners relocated along Bukit Road. However, they suffered huge losses that were inevitable. There was a lower turnout at the new site. Away from that, they experienced a shortage of parking facilities.

Some of the motorists risked parking along the side of the roads. Road barriers were erected to prevent roadside parking. This encouraged the motorists to park at the parking lot. By the end of June 2006, stall owners had moved from the temporary food center to the original place. Newton Food Centre is located near to Kopar at Newton and is for sale soon by Chip Eng Seng CELH Development. Newton Food Centre is located near to Kampong Java Road with many amenities near to it.

Tons of Food at Newton Hawker Centre

How is Newton Food Center designed? It is designed like the nearby old colonial houses. It features a white color scheme. Its ceilings are quite high. This ensures that there is free flow of air. Also, it has some large umbrellas at the open space. This means that patrons will have an easy time serving their customers even when the weather is harsh.

Seats with Umbrellas at Newton Hawker Centre

Some of the customers who have used this facility in the past have claimed that the umbrellas do not really protect anything more so when it is raining. Do you like busking in the afternoon? This is the right place for you. Its stalls are arranged in a horseshoe configuration. What do they feature? You will come across some dedicated workers who prefer cooking local foods. In addition, there are places designed for buskers to perform and entertain customers.

There are numerous flowers that include palms and roses. The main entrance is well decorated. What is the essence of incorporating these plants? They create a plantation feeling.
Although the joint is fully licensed, it is highly criticized by the locals.

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