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.
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.
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.
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.
Piermont Grand Punggol Near to My Waterway Punggol
Being located at the core center of Punggol, Piermont Grand is a newly developed executive condominium full of unique, modern and quality facilities. Piermont Grand is situated at a prime land which is soon becoming the first digital district in Singapore.
It’s among the best condominium to live as there are a ton of means to access it. Investing in it is worth as you will have a serene and unique lifestyle at Punggol. Piermont Grand is in a modern state, its modern and unique facilities such as tennis court, expansive swimming pool, fitness center, clubhouse, guard house, sun deck, BBQ pits makes it a haven of amazing and fantastic lifestyle.
Piermont Grand Located Next to Shopping Centers
Piermont Grand sits in a shopping centers vicinity. The number of shopping centers uprooting next to the development are amazingly high offering residents a variety of choices when they go shopping. Among the most famous shopping centers found near the Piermont Grand EC Punggol Walk include waterway point, compass One, Punggol Plaza and many others which are found a few meters away from Piermont Grand Sumang Walk.
Piermont Grand EC Near to My Waterway @ Punggol
Another interesting fact about Piermont Grand is its strategic location next to My Water way @ Punggol Park. The park offers families a ton of outdoor activities to have fun and spend valuable time together creating social bonds and exchanging ideas. Besides sitting next to plenty of transportation options and shopping centers, the development is surrounded by elite schools which offers convenience to children and parents by saving their travel time to and from the school.
Children have much time for schooling , doing assignments and resting after classes. Parents also have enough time to attend on more burning issues since no fetching of children after classes. Among the elite schools located in Piermont Grand proximity include Punggol Green, Oasis pry schools and Edgefield and Mee Toh schools.
Piermont Grand Located Near to TPE and Punggol MRT Station
Introduction of cooling measures by the government has provoked investors to focus on new classes of assets among them commercial & retail mixed developments. Mostly, there has been an increase of second-hand properties stamps duty from 7% to 12% recording a 5% increase. Due to this, the second properties buyer should look on quantum and freehold properties which may be slightly expensive at the city center.
The easiness of accessing Piermont Grand has made it the favorite among investors. The development can be accessed in various ways such as Punggol MR T Station as well as various buses operating along Punggol Central and Punggol way. Also, it can be accessed through Tampines Express way(TPE).
Riviere Condo Jiak Kim Street
The best amongst the contemporary is what Riviere Condo deserves. Build beside the beautiful Singapore river and the ever-bustling Jiak Kim Street, Riviere(River in French) and Condo(from Condominium) simply is astounding and at large a unique construction at the heart of Singapore city. The new development is located just at the heart of Singapore river and undertaken by Fraser property which was formerly Zouk site along with other luxurious amenities located at Clarke Quay. Riviere Condo exactly located at Jiak Kim street is simply a walk away from Great World City MRT Station and other shopping complexes located near the Singapore river.
Facts about Riviere Condo Jiak Kim St
Fraser Centrepoint Limited(FCL) bought the former Zouk site at $995.4m over 9 other bidders. Some fancy facts about Riviere Condo Jiak Kim St;
● 145,063 Sq ft. Site area and 551,245 Sq Ft. Gross Floor area.
● Property tenure of 99 yrs under leasehold development.
● 455 residential units planned.
● A rare property which possesses both the cosmopolitan character that too so close to nature.
● Fitted with latest and modern amenities. Multi-function gym, clubhouse, function room, tennis court, swimming pool, guard house, BBQ pits, and children playground.
● A unique yet serene lifestyle prevails within the Riviere Condo Jiak Kim St.
Popular places to visit around Riviere Condo Jiak Kim St.
Nothing is more feasible than having your house at the middle of the city and you can access everything round the clock from Riviere Condo Jiak Kim St. Let us browse through the imminent luxury within reach. Riviere condo theme will be waterfront living that revitalize the soul and residents of the development is within a short reach to many of the food and beverage restaurants located along Singapore River.
Located at a walking distance from the Clarke Quay MRT station, the six-floored Great World City mall offers what luxury and extravaganza are all about. 40,000 Sq ft. shopping area and top global fashion brands like Mark & Spencers, Dorothy Perkins, Zara and etc. Supermarkets to pick your daily supplies, restaurants with outstanding dishes and shops and offices worth the commercial benefit. There is more than everything available that you may need.
Fort Canning Park Near to Riviere Condo Jiak Kim Street
An ecological heritage worth the mention located just near the Singapore River. Known by many names like Government Hill, Singapore Hill or Bukit Laragan, the 48m high hill was named after Lord Canning, the Governor-general of India(1881) and subsequently Government Hill as he was heading the government. Fort Canning is like a well-preserved forest amidst the concrete jungles that overlook the Singapore river. A historical background worth the mention as the hill was used as a place for different shrines in the past. A beautiful outdoor spot for gathering to celebrate may it be precious moments or simply strolling around for some inner peace. Have a walk and you can relate what more than meets the eyes actually means!
Buying a property is especially complicated when the location is high profile and lots of investment is required. The doubt lingers, Is it worth everything? Well, Riviere Condo Jiak Kim St. has its own share of problems but the benefit lies in plenty from having a residence in the heart of the city to a sweet home in nature’s lap. A weekend party in the best club’s just at a walking distance or jog in the dawn/dusk through the River valley road into Fort Canning and enjoy the nature as you seek inner peace from sunrise to sunset and beyond it.