Money and Technology

Saving, investing and making money with technology

3 Upgrades That Will Make Your Rental Apartment Worth More

If you’re investing in real estate, it’s wise to do everything in your power to ensure that the property you’re renting out will give you the best return on your investment. With apartment rentals, this usually means doing a few upgrades that can make the unit more appealing. However, there’s a fine line between doing upgrades for investment purposes and over-investing in the property.

To help you in walking this line, here are three upgrades that will make your rental apartment worth more.

Give The Place A New Coat Of Paint

While it might seem like something too easy to even bother doing, adding a fresh coat of paint to your rental property can be a great way to make things like brand new. And, if you do it right, you can get some great quality paint without too much of a financial or time investment.

According to Jimmy Moncrief, a contributor to Landlordology.com, this upgrade will be most cost effective for you if you’re able to get a discount on a bulk order of paint. By doing this, you’ll be able to paint however many units you have and all the rooms within them in the same color. One of the benefits of this is that, if and when the time comes that a room or entire unit needs a touch-up, you’ll have the exact paint on hand to make those quick fixes.

Increase Energy Efficiency

Another way you can make your rental apartment more valuable and worth more to your current and future tenants is to make upgrades that will result in your units getting more energy efficient.

There are countless ways that you can make a space more energy efficient. According to Erin Eberlin, a contributor to The Balance Small Business, one of the best things you can do is to add windows where possible and replace any windows that aren’t energy efficient. By doing this, you’ll create more natural light that will help to heat the unit. And by putting in double pane windows, there will be more insulation during all seasons of the year.

Replace Hardware and Fixtures

To increase the elegance of your rental apartment, an easy and inexpensive option is to replace some of the hardware and fixtures throughout the unit. These small changes can really make a big difference in the space.

According to Kirstin Wong, a contributor to The New York Times, some of the best replacements to make include switching out cabinet handles, upgrading light fixtures, putting in a new faucet, and replacing light switch plates. These new details can make your unit look much more sophisticated.

If you’re wanting to make some small but impactful upgrades to your rental apartment, consider using the tips mentioned above to find the projects that will give you the best return on your investment.

Continue Reading

Investment Strategies for High-Demand Services

Going into business in a high demand industry is a double-edged sword. Because so many people need what you do, there is an understanding that there will always be work. However, since it’s not a secret that there is always going to be a work, that means lots of different businesses are going to be vying for the same clients and customers. So even though you have a large potential group of people who will utilize your services, you have to make sure that something about your business model brings them to you instead of your closest competitors.

One way to solve this riddle is by choosing appropriate investment strategies to give yourself that advantage. A few examples of these investment strategies will illustrate this point. No matter what your industry is, you need to be able to leverage social media to your advantage. Invest in learning social media and invest in promoting and advertising through social media channels.

Next up as an investment strategy is to put money into the curb appeal of your building. Even if appearance has nothing to do with your actual product or service, it is a competitive advantage to have a more aesthetic layout to your business operations. Lastly, if you have a digital footprint, you might as well invest in it being good. And to do this, you have to learn how to optimize your blog space.

Social Media

Using social media for your business may be very foreign to you. Especially if you learned how to run and manage your company a decade or so ago, trying to figure out how to put it within the realm of the social media infrastructure that people are used to now can be quite exhausting. However, once you understand the basics of each platform, you should be able to develop a consistent plan for getting your message out there. If you are at a loss of how to start, simply look at what your competitors are doing.

Curb Appeal

As far as investments go, you can’t go too far wrong by putting money into curb appeal. Especially if your building is somewhere that has high visibility, one of the great ways to attract new clients and customers is to have a welcoming-looking entryway. Make sure your landscaping gets done. Make sure your parking lot is clean and well-maintained. Ensure that the exterior of your building always looks as good as possible, and that will give people a reason to come and check you out even if they aren’t sure that you have the type of product or service that they want.

Optimized Blogs

If you have content online, you might as well optimize it for search engines. Again, if this is unfamiliar territory to you, you should spend some time researching how to do search engine optimization, and what kinds of results you can expect from what types of effort.

Continue Reading

Signs that Indicate Need for Web Hosting Upgrade

when to Upgrade Hosting Plan

Shared hosting is the commonest type of web hosting among start-ups. One of the major reasons why a majority of start-ups opt for it is to save money.

On the other hand, a dedicated or a VPS server has its own sets of benefits too. What should you do if you have a business website which is hosted on a shared server? Should you upgrade its hosting to a dedicated server?

Before heading further do consider BigRock hosting coupon to check web hosting plans along with Windows hosting and WordPress hosting at plans starting just at Rs 99 along with SSL Certificates.

Here is a list of indicators that will tell you when you should upgrade to a dedicated server.

1. Slow speed at the time of peak usage

Business websites ought to remain functional all the time. Sometimes a website may be down for maintenance. But this happens on a one-odd occasion.

Visitors to a website always expect it to remain operational all the time. Businesses also try to do the same. Due to the high demand during peak hours, there can be slowness in the loading of a website.

In today’s world, one thing people hate to do the most is to waste time. If a website takes seconds to load, most visitors may still hold on to their patience level. However, they are more likely to run away and go to a competitor’s website if a business website takes a long time to load.

If your website has started showing signs of slowing down abruptly, it may be an indicator that you need to upgrade the hosting plan for your business website. Rather than relying on a shared server, it is imperative that you consider getting a VPS or dedicated server for hosting your website.

2. An unexplained or abrupt spike in traffic

You put in all your SEO efforts to see a surge in the number of visitors. So, there is a good reason to celebrate if it comes your way all of a sudden. But this blessing can turn out to be a curse if your website is not equipped to handle the sudden rise in the number of visitors.

It is a good idea to get a VPS hosting for your website. Shared hosting is for websites that show up less than 10,000 visitors every day. If you are getting anything more than this number of visitors on your website, you should consider making a change in your hosting plan.

Good bandwidth will improve the experience of the visitors to your website. This will, in turn, encourage them to keep coming back to your website.

3. Custom needs

The scope of customization or modifying the set up of a shared hosting server is pretty slim. In fact, there is hardly room for a change. A shared server goes by what works well for a majority of websites that host it.

If you have a website with a different set of requirements, it is not feasible to use a shared server. Instead, it would be a good idea to go for a dedicated server. Remember that change is the name of the game for businesses to survive in the competition in the industry.

A business needs to keep evolving. The same holds true for business websites. This is the only way to stay relevant in today’s world. If you believe in this logical principle, consider upgrading to a dedicated server from a shared server.

4. Limited security features

Shared servers for hosting may save you money in terms of maintenance but it has one of the serious downsides that can challenge the very foundation of your online business. It possesses various security risk due to a shared environment of websites.

While there is no denying the fact that security technologies have improved a lot, cybercriminals have also become smarter. They are always in search of an opportunity to get into a website via cyber attacks.

You are more likely to realize the importance of securing your website with an increase in business activities via your website. An increase in business activities means a rise in the number of visitors and a corresponding rise in the number of transactions. Keeping this in mind, you may want to do everything to ensure that the data of your customers remains secure and does not get stolen.

A dedicated server, with its own security setup, can prevent the chances of a website getting hacked to a large extent. Furthermore, you also get the choice of adding the security features of your choice such as anti-malware, anti-virus, and firewall to boost the security of your website.

If you see one or more of these signs on your business website, think about upgrading your hosting plan. Of course, the cost will be a factor but you can manage it by using special offerings such as BigRock offers and promo codes for world class service at affordable pricing.

Continue Reading

4 Strategies to Win Big in Online Poker

Online poker tournaments make competing easy for amateur players. You won’t have to drive far away from your home, and the buy-in is affordable for anyone. In 2003, Chris Moneymaker was the first person who qualified online to win the World Series of Poker (WSOP) Main Event. The entrance fee for the satellite tournament he entered was less than $100, and he got $2.5 million. Anyone can play poker, but you need to learn all the ins and outs of the game before you can win consistently. Here are some strategies to help you win big in online poker.

1. Be Prepared to Play for a While

Online tournaments often start with huge fields of players, and they can take several hours to complete. If an event starts in the evening, you should be prepared to play for most of the night. Make sure you can get plenty of sleep, and don’t schedule anything important on the day after a big tournament. You could need that time to sleep. Poker strategy is mostly mental, not physical, but staying fit, exercising, and eating healthy foods can give you more endurance than other players. You’ll be less likely to make mistakes because of fatigue.

2. Be Patient

Every poker player wants to stay in the game and try to win, but folding can be a much smarter decision. You should fold more hands than you play. That way, you won’t have to risk much of your bankroll without a good chance of winning. Playing is more exciting and entertaining, but you can learn how other players behave by observing hands after you fold. You can find out who bluffs most and whether players have tells by waiting patiently to see how several hands play out. That way, you can make the best decisions about whether to fold.

3. Make Sure You Have Some Extra Cash

In many online games, wealthy or successful players can call your raises with huge holdings, forcing you to fold. To avoid this, you should always have much more than the minimum buy-in available. For example, if the minimum is $20, you should have about $4,000 to keep wealthier players from beating you. Having some extra cash also lets you take a few losses and be prepared to come back during the next hand and win. Just make sure you don’t risk a lot until you bet some experience.

4. Use Poker Software

Many computer programs can help you analyze the behaviors of other players. Poker replayers let you replay a hand or an entire tournament to learn more about your opponents. Many programs can also color-code players based on their strength or provide a heads-up display (HUD) with detailed information. You can also take notes or use software to help you play multiple hands at once.

Starting as an online competitor can be challenging, but you can become a winner with smart strategies and practice. Concentrate, keep improving your skills, and remember to have lots of fun.

Continue Reading

Why Everyone Should Have Emergency Savings Put Aside

You’ve probably heard from money experts that everyone should have an emergency fund.    Far too many people rely on their credit cards or assume they can borrow money if they’re really in a pinch. However, having an emergency fund put aside is much more reliable than putting yourself into debt or burdening your family.

You should have at least a few months salary put aside to protect you and your family if things go sideways.  Here are some of the biggest reasons why you need to have an emergency fund put aside.

Job Loss

You never know when you or your spouse can suddenly find yourself unemployed.  Whether you’re injured on the job, or the company wants to make sudden layoffs.  In order to ensure that you can take care of your family, you should always have at least several months salary on deck.  

Putting enough money aside to have several months salary in savings may mean having to give up certain pleasures for a while.  However, the peace of mind knowing that you and your family is taken care of if you don’t have any money coming in is worth it.

Home Repairs

You never know what can happen when you own your own home.  A pipe can burst in a split second, or a tree could fall on your house.  As a homeowner, it’s up to you to cover the damages.

Usually, repairs don’t come cheap either. Therefore, having a significant amount of money aside is helpful to ensure that you can pay for the damages, whatever the price.

Car Troubles

Cars are tricky things.  One minute they’re running fine, and the next minute they’re breaking down on the side of the road.

You can never be sure when the car is going to let you down, regardless of how old it is. Having emergency savings means that you can pay for any unexpected repairs without worrying about going broke.

For many people, their car is essential for them to be able to go to work and take care of their family. Therefore it’s critical that if something comes up, you can fix it.

Medical Problems

No one wants to assume the worst can happen; however, things can come up suddenly with our health.  While insurance may cover some of the bills, it won’t cover everything.  Savings makes it possible to cover the medical costs for you or your loved ones should something serious happen to your health.

Unexpected Costs

Unexpected costs can come up when we least expect. Whether it’s last minute travel or having to replace a broken appliance.  Miscellaneous emergencies can happen at any moment. Your emergency fund is there to make sure that you’re covered.

Continue Reading

Why Fintech Cybersecurity Needs More Innovation Than Ever Before

The cybersecurity industry has been under heavy fire recently due to the breaches of major corporations around the world, especially in financial institutions. Such breaches ingrained alarming insecurity, fear, and anger in all of us because the resulting fallout of the hacks left millions of people’s sensitive data open to theft.

The threats, however, respond in kind with consistent innovation that seeks to fool even the greatest information security firms. Individuals only have a limited amount of resources to fight the wave of hackers that seemingly grows every year. In this article, we will discuss why we need more cybersecurity innovation and what we can do to increase our chances of staying secure online.

IoT: Innovations and risks

The Internet of Things is the shared goal of tech companies to make every single object that you use on a daily basis a smart device. Essentially, your toasters will connect to the internet and will converse with your refrigerator. In addition to this, your toaster will even check for the best toasting practices and your fridge will automatically buy the groceries that you run low on. This utopian kitchen may sound like a dream, but, it has the potential to be hackers paradise.

When every device is connected to the internet they are simultaneously being exposed to millions of potential threats. With the explosion of blockchain technologies, this heightens the threat. While a toaster on the fritz doesn’t sound like a major threat, your smart home being compromised is always dangerous.

For instance, if a hacker break into your toaster than that means that they are most likely in your network. Once in your network, they could potentially connect to every device that is connected to your network and steal your family’s sensitive information.

Why security companies are lagging

This presents a major problem for IoT companies, cybersecurity companies, and early adopters of the technology. There is an immense risk for connected homes as they are dependent on their network being fast and reliable.

The common family does not have the resources or expertise to deal with a compromised system. Once a home network is breached, we must call a cybersecurity company to aid us in our struggles.

Cybersecurity companies have a difficult time keeping up with the myriad of mutations that spew forth from the underbelly of the internet. They too, like most of us, rely on the services of our largest IoT companies like Google and Apple.

The IoT companies, in kind, are under a constant stream of cyber-attacks that occasionally leaves them vulnerable. It is, in fact, this hierarchy of hacking exploits that creates a lethal chain reaction that has the ability to shut down smart homes and, potentially, smart cities.

How to be proactive in a dangerous time

All is not lost, however, as there are a number of tools that users can employ to secure their devices and networks. Passwords are, truly, our first line of defense against malicious internet users that want to steal, or commandeer, our data.

A good, strong password consists of no less than 8 alphanumeric characters, switched cases between upper and lower, and special characters. A password generator can be used to automatically create strong passwords that can be used for any system with any password length requirement.

After creation, it is suggested that you use a password manager to securely encrypt all of your passwords in a central location. A good password can completely thwart the advances of brute force hackers and disallow unauthorized users from accessing important files. This, in addition to file system encryption, can make your devices as safe as humanly possible.

Conclusion

From toasters to tablets, these days you need cybersecurity for everything that you use on a daily basis.

The overt betrayal of our trust in massive, unsecured companies has made us all too aware of the risks online. In response to this, innovation in cybersecurity has reached a new zenith in pursuit of a better and safer internet.

Cybersecurity companies alone cannot deal with the massive threat of hackers without major innovations in the industry to keep up with the incredible influx of malicious users and the software they create. The best chance we have is to make our passwords strong and wait for the cybersecurity companies to deliver a solution to the growing problem of hacking.

Continue Reading

5 Biggest Mistakes That People Make With Their Money

Making mistakes with your finances along the way is normal.  You may experience moments of desperation, or act without thinking things through every time.

Mistakes are fine as long as you learn from them.  Although they aren’t always easy to clear up, financial mistakes are an opportunity to learn something valuable.  Here are some of the most common mistakes that people make which you may be making too.

Failing To Plan For The Future

When you’re young and carefree, you’re probably not thinking about your retirement or potential illnesses.  However, as you get older, these things will start to become more of a reality.

It’s important to plan for your family’s future by putting aside savings and getting life insurance such as the ones from Pretected.  That way you know that your family is well cared for if anything should ever happen to you.

Late Payments

Each time that you’re late on a payment, it goes onto your permanent record.  As a result, you may find yourself trapped in a vicious cycle that you can’t get out of.  The more late payments that pile up, the longer that it takes to clean up the mess.

Late payments result in lowered credit scores, costly penalties, and unnecessary stress.  Always make your payments a priority by paying on time every single month.

Using Too Much Credit

Your credit card isn’t there as a source of free money for everyday expenses.  It’s there for emergencies or large expenses which you want to pay in several installments.

Don’t get yourself into a mountain of debt by running your credit card like it’s cash.  You won’t just have to pay it back, but you’ll be expected to pay it back with interest attached.  Experts recommend never going over 30% of your total credit limit at a time.

Failing To Plan For Unemployment

If you are unhappy with your job and decide to quit suddenly, it’s a disaster waiting to happen if you didn’t properly plan for it. You should only quit once you have a backup plan in place, or have saved an adequate amount of money to keep you going in the meantime.

While there’s nothing wrong with taking a dive and trying out a new career, it’s essential that you do intelligently.

Failing to Budget

People who have a budget have a strong handle on their finances.  Without a budget, it’s impossible to organize your money in order to reach your financial goals.

Create a budget and try to stay as consistent with it as possible.  Otherwise, you’ll lose track of where your finances are going and potentially miss out on opportunities.  People who plan ahead and think about the future usually meet the greatest financial success.

Continue Reading

Few Reasons To Opt For Commercial Roofing Inspection

You know, when someone asks me when was the last time I got my roof checked? Most of us don’t have any answer because most of us don’t opt for roofing inspections. Many of you consider it to be a time consuming and expensive process. Moreover, you think that you will hardly benefit anything out of this inspection. But you could not be any more wrong. Roofing inspection can help you in many ways. Some of the important ones are discussed below:

And also, when you get the roofing inspection done, you will get an in-depth report on the existing condition of the roof. You will come to know which portion has become weak and need immediate repair, if not done, it can lead to leaking problems in the future. Leaking can be a serious issue as it damages the property.

Reasons Why You Need To Be Well-prepared For Your Roofing Emergencies:

With roofing inspection you will get to know whether the roof style installed is the correct one for your commercial building or not. Roofing helps in preventing clogging of water. If the roofing style is not right, rainwater and other dirt will get clogged in the roof, which in turn will affect the drainage system.

What safety measures have you taken in advance for the shelters you live under? None? How are you trusting on the security it is giving to you then? According to many surveys conducted in United Kingdom, people were found to be negligent about their roofs getting no repair from last more than ten years.

Good quality material? Still no care behavior not accepted
However, a really good material may give you peaceful good 5-6 years’ safe roof life very easily yet it is not recommendable to depend totally over the contractor’s work in all the cases. Even if you have been probably trusting their work and living under the roof made by them since last five to six years, it is now the time to get some things inspected by some professional roofing service.

Even small scale damages aren’t bearing a redemption.
Also there are some people who have noted down some abnormalities with their roofs but ignore them saying “little amendments can be postponed”. The case is not similar with the roofs most of the times. The roof may feel itself to be wrecked more than you are thinking it to be, so you should choose roof repair Tampa. So this money saving attitude isn’t helping you for long, at least not in times of several crises that may fall.

Roofing Emergencies for Whom you need to Prepare today:

You may be deliberately overlooking the roof holding its tears right now considering them to be some minor damps that would get bettered (dry) by their own. But those roofs may catch you in the times when you won’t have any one to clear your tears (precisely a (quality roofing service).

Roles of A Roofing Contractor You Must Know About

There are certain group of workers who repair and replace roof on homes and commercial buildings. As there are many self-employed workers but there are few construction firms that will hire many roofing contractors to do some major projects like installing roofs on housing projects that have been recently constructed.
Approximately they work for around a year. Only because of the knowledge of home constructions few builders have been able to become Roofing Contractors in Arkansas.

They must obtain a business license, before a roofing contract can start getting clients, which to operate a business in the city, state, or county is a form of legal authorization. Through a certification process they will also have to go. To gain a good understanding of the work they do this involves spending time working with an experienced roof contractor.

When it comes to protecting your real estate property investment the roof on your home or business is the first line of defense! The most expensive single item is the roofs generally that will be replaced by the property owners.

Continue Reading

Digital Tokens Today: ‘Its Time for Bitcoin to Grow Up’

Two significant developments have made headlines this month:

 

Binance will cover the losses from the heist because …

  • Of course they would in order to keep customers from abandoning them, and
  • The amount was only about 2% of their overall holdings.

Much of the blame for this hack lies within the Bitcoin format itself to the point that Binance had already delisted the original coin, now known as Bitcoin SV (for Satoshi Version).

Here’s Jimmy Nguyen, Founding President of the Bitcoin Association, on BSV fighting back to retain its relevance in both the crypto world and the real world:

 

This is the Holy Grail of any digital token.

Because of the blockchain’s core versatility, it’s totally inconceivable that there there will ever be one dominant token such as Bitcoin. However, there will be a few that rise above the rest, just like there’s a basket of major hard currencies today.

And that’s what the ultimate cryptocurrency race is all about, which is of immense interest to ecommerce store owners who are already generating serious revenues due to accepting them for payment.

Currently, Ripple is the one banks and other financial institutions not only favor, but are scaling up:

 

Following the money is rarely a bad idea, and if the banking system is shifting to digital tokens like Ripple, then the ecommerce entrepreneurs who likewise adapt will be well-positioned to benefit from a greater market share due to a greater variety of payment methods they’ll accept.

"Better

The irony, of course, is that the cryptocurrency movement was inspired by the concept of decentralizing the financial system.

World peace is a cool concept, too, but it’s also foiled by those troublesome issues of human nature and coveted power getting in the way.

 

If the decentralization crowd can’t be trusted to police their own, then for the good of the movement, real policing must be part of the system. At least, for now.

As Nguyen himself said even before the Binance hack:

 

Somehow, this must also include putting more Bitcoin into circulation by customers as opposed to speculators.

From a practical standpoint, the thought of this happening when the share of actual commercial transactions via Bitcoin stands at only 11% of the total in circulation is absolutely ridiculous:

"graph

It’s a major reason why Bitcoin is vulnerable as a dominant player.

With over half of its supply held by investors and speculators, Bitcoin’s gonna be subject to wild swings in value, which can be totally unappealing and impractical to those who would use it to pay for items in the real world.

 

Then there’s the point that most of Bitcoin’s commercial users tend to be millennials and younger, and those demographic groups are well attuned into the effects of climate change.

In contrast, Bitcoin mining is toxic:

  • It produces as much carbon dioxide a year as one million transatlantic flights, and
  • In November 2018, it consumed more power than the entire Republic of Ireland.

 

Blockchain, on the other hand, is eco-friendly.

Clearly, something’s gotta change for Bitcoin in that regard, too.

Weiss Ratings is attempting to establish itself as the Standard & Poor’s of the crypto world, and it lists today’s top tokens as Bitcoin, Ethereum, Ripple, and EOS. All, however have Risk/Reward grades of D+ to D- as investment vehicles. Until the stability of more commercial transaction usage is present, these won’t be rising anytime soon.

Bitcoin was once the undisputed flagship of the digital token armada. It’s clearly waned in influence since its introduction.

 

If Bitcoin — or any other token — is to become more than a speculation widget and make an impact in the real world, it well and truly is time to grow up and accept more responsibility for its actions.

"Better

Kjell Sherman, Manager – The Norra Ljusen Trust

Norra Ljusen — pronounced norra YOU-sun — is Swedish for Northern Lights.  My name, Kjell, is pronounced shell to English speakers.

You can view a short video about how I entered the exciting world of online entrepreneurship on the home page of our Better Life Focus site. It’s dedicated to motivated marketers and provides trending Dot Com news, information, and entertainment for motivated entrepreneurs who commit to take action in their quest to reclaim their time by becoming and remaining financially independent via e-commerce.

If you’re committed to online success, we’d like to welcome you to the Dot Com lifestyle!

Continue Reading

How to Find the Best Lender

What type of loans do you offer? What are the qualifying guidelines for each?

Since there are many different types of mortgages, including:

Fixed-Rate

Adjustable Rate

Federal Housing Administration

Veteran’s Association

Things You Need to Know About Home Loans

Everybody’s dream is different and there’s no one-size fits all mortgage solution for everybody. You may prefer a shorter term loan with bigger payments and lower interest rates, or a longer term home loan where you pay more interest over time but the monthly payment is lower. Each mortgage agreement has its own pros and cons, and it’s up to you to weigh it all before you sign on the dotted line and get the keys to your dream house. Buying a house is the biggest purchase most homeowners make, so here are some insights and some peace of mind.

Knowing What to Look for When Choosing a Home Loan

Take a deep breath and kick back for a second. Signing a mortgage, especially if it’s the first time you’re buying a home, is one of the biggest financial decisions you can make in your life and it’s not something you should rush into. You can relax though, knowing that you’ve done your homework.

The Associates Home Loan of Florida is committed to providing their clients with the highest quality services available in Florida. Their outstanding professionals will work with you one on one to ensure that you get the loan solution that is tailored specifically to meet your needs. Whether you are purchasing your dream home, purchasing an investment property, refinancing an outstanding loan, or consolidating debt, and they can get you a loan after bankruptcy. Because they have a highly experienced team of mortgage advisors that can help you no matter what your needs are.

Bigger payments or more interest?

You know, one of the central questions when considering any loan, especially one as big as a mortgage, is length of term versus size of payments. If you put down a bigger down payment and agree to bigger payments over a shorter loan term, you will pay less interest over the lifetime of the loan. That said, you will also have a higher monthly payment, so make sure this is something you can keep up with. The central question in this calculation is whether or not you’d prefer to pay less interest over the loan term, or would rather have somewhat more interest over a longer term, in exchange for a monthly payment that’s easier to make. This is a decision only you can make, and one that’s best done after taking a comprehensive look at your finances, long term plans and the mortgage lenders and rates available.

Fixed vs Adjustable rate home loans

With a fixed rate mortgage, the monthly payments are locked in for the entire loan term, which can help you plan your month-to-month expenses. A variable rate mortgage can adjust in keeping with changes in mortgage rates, potentially saving you money on the interest during the repayment period. Consider which is best for you, and don’t rush it.

Depending on your lender and the type of loan you choose, your required down payment can range from 2.25% to 20% of the purchase price of the home. Establishing a monthly budget will help you put away enough money for your down payment.

Once you’ve assessed what your budget will support, consider having money automatically deposited from your paycheck or bank account to a savings account to make it easier and more convenient to put aside money each month. An account like Discover Bank’s AutoSavers Plan can help you start saving today.

Continue Reading