6 Ways Of Getting A Hard Money Loan

There are many questions in the mind of borrowers by whom a hard money loan has never been availed. If you compare the process of getting a one with that of a bank loan, you will find the former to be straightforward and easier. The processes of hard money = and investment property loan have much similarity to each other. But additional paperwork is needed in the owner occupied process because of government rules and it is also a longer process.

Follow these six steps to get a hard money loan easily and quickly.

Find a local hard money lender

The first way to get one is to find a lender who lends money in your locality. You can search the internet to get to know about such money lenders. You can also visit a local real estate network and get referrals from real estate professionals about a local money lender.

Interview selected hard money lenders

After knowing about some money lenders in your locality, start interviewing them. Call each hard money lender to begin the interview. Go through a brief conversation with him to understand each strategy properly. A rough quote with points and interest rate should be given to you by him.

Select a lender and apply for the loan

The process of hard money is very quick and easy. You have to fill a short personal financial statement about yourself, liabilities, expenses, income, assets, subject property and employment. About 15 minutes will be taken by you to apply for it.

Sign disclosures

E-sign consent is the primary disclosure. Permission is given to the money lender so they can send documents to you through mail. You have to follow the privacy policy, fair lending notice, hazard insurance disclosure and mortgage disclosure statement to apply for the loan.

Sign documents

The loan documents will only be ready when you will sign the disclosures. There are certain things that make up the loan documents -

• Payment Guarantee
• Note
• Escrow Instructions
• Deed of Trust
• Arbitration Agreement

Wire down payment

When the lender receives your entire signed document, the down payment will need to be paid by the borrower. Once it is confirmed by the escrow that they have received all the documents then the loan will be funded by them.

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Hard Money Loans – Know What You Should Do

Hard Money Financing:

Basically, the plus point of a hard money financing is it can be accessible at the time when the other funding services of the banks are closed for you. Thus, it is the best funding alternative when all the other doors are closed for you. In a more business-oriented vision, in the field of real estate, hard money funding is secured by the properties you own. You can avail the loan by the property and you can purchase another property with the money you are getting from the loan.

Property Types for Hard Money Loans:

There are several sorts of property that you can bring into play when the hard money financing is concerned. Those properties include commercial property, multifamily residential property, or single family residences. Generally, the lenders of this particular category consider this kind of lending as the form of investments for their future specialization in that particular property. You need to keep in mind that the lenders do not have any interest in the property you are going to purchase with the money. Instead, they will be eager to see what you are keeping as collateral. So, keeping an eye on whether the specialty matches your property.

While talking about the kinds of properties, you should be aware of the property from which lenders normally shy away. The owner-occupied residential property is something which doesn’t penetrate the lenders because this property adds some additional hurdles to acquire the property. Since the lenders want an easy access to the collateral in case the users fails to complete the repayment process, they tend for the easier collateral option.

How to use:

Suppose you own multiple properties and some of them are on the verge of a sale but suddenly you get an amazing offer of purchasing a new property. You cannot help leaving the property because already all your money is stuck somewhere else. Then the importance of hard money funding arises. You can avail a loan and acquire the property and after the pending sales are done you can quickly pay the loan back.
Without the above, you can take the loan to renovate your existing property to make it more attractive. If you are quite certain that after the property gets sold, you will get a handsome amount or the renovation can play the role of the catalyst in the process, availing the loan is not a bad thing to do.

Benefits and advantages:

There ample of advantages which can make you feel like the king. Though there are some disadvantages as well, but overall, you can find the loan program as a reliable source of funding when you want the money badly.

1. Urgency:

This is the most significant benefit what the loan can provide. If you want the money in a week or an instance like that, you certainly will not get it from anywhere else. The hard money funding can make you avail with the money without taking the countless time.

2. Lack of Criteria:

The most relaxing part of this loan is the lack of criteria it has. If you want another loan service, it will give you a list of things which is needed for the success of the loan but hard money will need just the real estate property to give you the money.
These are the entire story behind the hard money financing. You just need to check what the real requirements that you have. If you find the requirement urgent and own a real estate property, don’t hesitate to get the loan.

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Online Bill Pay and Its Benefits

For every one of us, there are several bills that are paid on a monthly basis. The list includes rent or mortgage, electricity, credit cards, cell phone, internet and cable, among others.

Most people pay an amount in double digits. It is natural that at times, one of these bills slips their mind so they have to pay the late payment fee. A 2016 survey by a financial firm reveals that more than 1/3 of customers or 35% of respondents paid late in the past year, and 65% were charged with a late fee.

Most banks and credit companies that offer online bill payment make it easier to manage and pay bills to avoid extra fees. Besides paying bills from the convenience of their computer at any time, people can save on stamp costs and the trouble of traveling all the way to a mailbox.

It is not something new to pay bills online since it is done by a vast majority of Americans. However, most of them do it with the use of different websites and providers. So, there is a possibility of missing a payment.

As an alternative, wouldn’t it be better to receive and pay bills via the bank with just one list in one place? Think of how this could simplify matters.

How the System Works

This is just plain and simple. The individual logs in to his bank account, then goes to the online bill pay platform. He chooses the bill provider and keys in the account number corresponding to each bill, then authorizes his bank to send the payment for him.

The bank can send the payments electronically or by a paper check in order for the individual to pay bills online, even though the biller does not have such an arrangement. He may either select a one-time payment or arrange a recurring one. Usually, he can choose to pay the whole balance, the minimum due or just a certain amount.

Aside from paying companies like electricity or Internet providers online, the bank can also send payments to individuals – like, for example, a landlord, to eliminate the need for a checkbook.

Setting up

Thought the initial setup is not that fast, it can save time and problems later on. These are the things needed to be done:

Bring together all bills, account numbers and addresses to where payments will be mailed.
Key in the information of each company into the online bill play platform of the bank.
Choose the date when payment will be sent.
Choose between one-time payment or recurring.
Set reminders of each bill’s due date.

Most service providers and sellers provide the option of getting an electronic bill. Whenever an e-bill is available, the bank will often alert the individual. He can then choose whether to let the statement be sent to his online bill pay center or inbox/mailbox. E-bills usually take effect in a number of billing cycles.

Reasons to Use it

Online bill payment helps people manage their bills and be reminded of due dates. It is easier for them to see the flow of their money, making sure that there are sufficient funds to cover every payment. This is difficult to do if paying through several websites.

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Spend Money on Everything That Fulfills You

The humans of the earth have a habit of spending their hard-earned money on things that do not please them, but their society. The wedding celebration is one of those things that requires a lot of money, but it ends up being a waste, at least partially if not entirely. The bigger the status of a family, the greater are their expenses on a wedding. For some people, a celebration turns out to be a nightmare. So much so, that they end up taking loans just to celebrate an occasion that could have been done in a simple, yet enjoyable manner. The youth these days is more interested in spending more on their honeymoon and lifelong travel plans rather than one day of marriage celebration, which is just an example of extravagance.

Spending money on travel

Going to a new city is not just seeing new sights; it is the emotional fulfillment that matters. Traveling to the serene hills and soul-quenching beaches can be the best thing in the world. You can put aside some money every month from your earnings to fulfill your travel plans. When you talk to a monk in a Buddhist monastery, you will have much more clarity about his religion. When you hear your voice echoing from the depth of the mountains, it will reverberate in your heart. When you go for scuba diving in the ocean, you will test the potential of your abilities. When you let yourself fly from a height of 7,000 feet in a tandem Paraglide, you will feel the air touching your face in the purest form, and those few minutes will relieve your soul from the world. Among many other things in the world that gratify your mind and heart, travel can liberate you the most.

Spending money on education

Educating yourself as well as others is a part of emotional fulfilment that people often seek. When you have money, you love to spend it on things that amuse you. However, it gives another level of satisfaction when you make a few expenses for the sake of others. Try teaching your children or those of others; it enlighten your mind a notch higher. Many travelers around the world become part-time teachers in whichever city they go. They seek satisfaction in teaching the underprivileged kids or simply impart a skill that they know, but other adults in the society do not. Receiving and giving education is something that keeps millions of travelers going, be it in the form of academic knowledge, culinary skills, or martial arts.

A wedding is just one instance of wasteful expenditure; people can manage many other things in much less money than they expend. The money and resources that they save are worthy enough to be used in much better places. Momentary happiness is one thing and seeking a lifetime of bliss is another. You can be there at the mountaintop in the Himalayas and still feel the discontent in your heart. On the other hand, you can cook a pizza for your family and friends to attain immense happiness that you always wanted. You should always do the soul-searching to realize what makes you happy and satisfied. It is of no use doing things for other’s sake, be it anyone in the world, if it does not soothe your mind. In the end, it is you who would evaluate your life and judge its worth. If you can bring a smile on your face while thinking of all the years you have spent till now; your life was absolutely worth living.

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SEO to Take Your Website to a New Level

So you want to get more targeted traffic to your website. However, it seems that all the large companies are taking the visitors from right before your nose. I have good news for you. With proper Search Engine Optimization you too can have lots of traffic to your website.

In order to rank a website properly to get the visitors knocking on the door, I follow these four steps:

Keyword Research

Deciding which keywords to use is critical to the success of any website. If you target keywords are not properly researched you end up doing a lot of work for a few visitors. I personally use professional SEO Tools to assist me in this process. Over the years I have also learned exactly what to look for. Ensure that you get the best advice on which keywords to target.

On Page Optimization

In order for Google and the other major search engines to find the correct information from your website, you need to feed them what they want. If your site is not properly optimized, there is no guarantee that your keyword will be on the first page of Google. It is also important to analyze your Competitors sites to see what advantage they have over you.

On Page Optimization refers to the task of ensuring that every bit of detail on your website page is in exactly the perfect spot and quantity, so that Google will prefer your page above that of your competitors.

Link Building

Once everything on your website is in the perfect position, it is important that you have enough links pointing from other quality sites to your site. You can have thousands of links, but if the quality and structure is not correct, it can actually harm your site more than doing any good.

When you select and place links to your sites, you should take great care in ensuring that every bit of quality measure is in place. Professional SEO software can keep track of those links to ensure that the other party keeps the links in tact. When the link is broken or removed, you can pick it up and restore the links

Testing and Tweaking

The SEO job is never done. Once you have all the perfect rankings on your keywords, there is also the task of testing the keywords to see if they are still ranking up there over time. Every now and then you have to tweak them to stay in that position.

Offering an SEO service is not just about doing a few tricks to get the site on page one, it is more of creating a quality structure in which the site will always rank high no matter what Google does to the Algorithm. As long as you build quality sites with all the bits and pieces in place, you will always have lots of targeted traffic to your site.

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Evaluating an SEO Company

It is important to work with an established and repeatable professional search engine optimisation company. Otherwise, the time and money you spend on their concepts can hurt your business rather than help it. You can slide further and further down the pages on the search engines, making it very hard for you to get traffic.

You need to evaluate the SEO company before you hire them. Don’t dive in and then later on wonder what you got yourself wrapped up in. You need to verify they are honest so ask about the methods they use to assist their clients. If anything seems unethical or even in a shade of grey rather than black and white, you don’t want to work with them.

Realistic Expectations

As the professional search engine optimisation company shares with you their methods, listen to what they are saying they can do for you. They should give you realistic information about the length of time it takes to see positive changes. Any company that tells you they can boost your search engine rankings overnight isn’t being honest.

They should answer your questions openly and honestly too in order to get you the very best overall results. If you feel they are evading your questions, they aren’t the company to work for. You may have very little knowledge about SEO and need their help to get the basics understood. They should be patient and very helpful, not pressuring you to hire them.

Verifications

Ask the professional search engine optimisation company how they are going to verify the efforts they put in motion for your business and those outcomes. They should have a solid plan of action that includes reports, data analysis, and other tools that show what they have been working on and to prove those methods are working for you.

The reports they share with you should be easy to understand too. Ask them to show you samples of such reports for other clients so you get a good idea of what you would be receiving from them if you hire them. Then you aren’t going to have any surprises with such paperwork.

Communication

Change is going to occur in any business and with any niche market out there. Are they ready for such changes? Do they invest time and energy in forecasting so your SEO is effective now and in the future rather than becoming obsolete? Do you feel you can openly communicate your needs with the professional search engine optimisation company?

They should have an arsenal of tools in place that allow them to convey a professional image for your business on all levels. It doesn’t matter if they are creating articles, backlinks, social media, and other options to spread the word about what your company has to offer.

How do they Rank?

In all honesty, a professional search engine optimisation company with the right methods in place is going to have their own business highly ranked. If they don’t, that should make you doubt what they are going to be able to do for you. It is easy to check on this and the results can be very encouraging.

Affordable

You shouldn’t have to pay a fortune for a professional search engine optimisation company to assist you with your needs. Compare prices, look at packages, and make sure you know exactly what they are going to be able to deliver to you for the money you are going to spend. If you don’t feel you can get good results, keep looking for another provider.

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Why UX Is Important for Your SEO Strategy

Gone are the days when Google used to consider content as the absolute factor to determine site ranking. Over the years, it has also started taking overall user experience into account on the basis of page load time, visual design, tone of content and call to actions.

All these factors indirectly affect your SEO, because if the user has positive experience on your site, you’ll get more traffic, shares and links, thereby leading to higher search ranking. Google has started considering the “user experience” factor of your site with behavioral data like click through rate, load time and navigation paths.

Therefore, your SEO team has to think beyond the keywords to understand what users really want. In other words, they have to work with the UX team. A proper synchronization between the SEO practices and the UX implementation is quite crucial for the ranking of your website.

If any of these two is not working well, it can lead to the declining of your website’s performance-even your website can be bloated as the un-authoritative domain. Before knowing how to combine UX and SEO, let’s learn about UX:

What is UX?

UX stands for User Experience and was coined by Don Norman in 1990′s while working at Apple Advanced Technology Group.

Put another way, user experience defines a person’s experience with your website or digital product. It is determined by various factors like usability, accessibility, performance, design/aesthetics, utility, ergonomics, overall human interaction and marketing. For example, if your website loads quickly and has friendly navigation, it enhances user experience.

Some of these factors can be controlled by designers and developers while some are environmental or just user preference.

UX is the emotion, intuition and bonding a user feels while visiting your website. Broadly speaking, it is all about the effectiveness of a site’s design, navigation and user friendliness.

For example, a user is likely to attract towards an infographic-type layout rather than a plain text page serving the same information. Or you can learn from e-commerce sites which are well organized and contain user friendly navigation as well, in spite of their complex structure.

User experience is essential because it can create the momentum that helps your business thrive. And you should not forget that a user can decide in just a few minutes whether your site or app is worth their time.

UX is crucial for small and start-up businesses as well because the site is their first impression to users for a future traffic.

Why Should UX and SEO Work Together?

Each side has its own contribution in the progress of the website. Whereas SEO uses keywords and data to improve your site ranking, UX uses wireframes and interactive designs to impress the users. In this way, both work to get users on the website.

Should they work together? Google is more particular about your website’s user experience, thereby benefitting those websites which provide good user experience through their design, navigation, and load time. But, you need good SEO strategy to fetch users to your site to convert them to your loyal audience.

SEO and UX go hand in hand for a successful website. SEO’s data is required by UX. UX’s web design is required by SEO.

What are the Benefits of Aligning UX and SEO for Your Website?

Your Site is Usable and Searchable:
Any website is useful as long as you can find it. Over 90% of the entire online experience begins with a search, and if the appearance of the site is not appealing, a user will leave. So, make sure that your site is searchable and looks appealing to the user.
You Can Use User’s Search Data to Build Better UX Layout:
SEO teams generally focus on keyword data to know how users search and what they need. The user search data can also be utilized to know what type of design a user likes.
You Keep Post Launch Errors at Bay:
You must know that a broken link or an error page is not only a SEO concern; it can be a user problem. For example, those who click on a link to find the information they are seeking are not interested in checking out your error page. Therefore, both SEO and UX should resolve the issues ahead of time to enhance user experience.
How to Link SEO with UX for Your Website?

Create Beautiful Web Design:
Web design is the first thing a user interacts with. A silly or cluttered web design can turn them off. This is why you have to make your website design user friendly and interactive as well.
Check Your Load Time:
If your web pages are slow to load, chances are visitors will leave or won’t visit again. It means that there is no use of your SEO techniques if users are leaving your website in this manner. So, you have to speed up your website by optimizing images, minimizing resources, enabling browser caching, and reducing server response time.
SEO Should be UX Literate:
Your SEO team should be keeping up with the UX trends. Besides, they should be familiar with the basic UX principles.
Bring Your Schema and SERP Together:
Schema doesn’t just tell the search engine what your content is all about, but, above all, what it means. Recently, a study shows that websites with markup rank are four ranks ahead of the ones missing schema markup.

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Benefits of Credit Card Machines for Business

Other than credit card machines, technology has produced many notable effects, including the credit card machine. In the 21st century, people open themselves up to technology from the very center of their being. It has the added benefit of leading to an increase in the use of credit and debit cards. Additionally, the coronavirus’ arrival has also contributed to the increased use of contactless transactions. EMV cards are replacing magistrate premium cards. EMV chip cards give you the ability to make contactless payments. The merchants must have advanced payment terminals to accept such payments.

Credit and debit cards are used almost exclusively in today’s business world. To take your business to the next level, you must associate it with a credit card machine. The processing and payment services you need for online sales include a merchant processor that provides you with an online payment gateway. There will always be online modes that people will prefer to use, regardless of the volume of transactions. As a result, you have to use an advanced piece of equipment, such as a credit card machine, in tandem with your business.

Advantages:

Just because we’re living in the 21st century, it’s impossible to conceive of life without modern technology. A large number of businessmen prefer to stick to established business models. However, sometimes you have to alter your plans according to the current situation. This means that you need to be one step ahead of everyone else in the business. You will lose customers otherwise. An establishment that gets access to a credit card machine will enjoy countless benefits. Listed the benefits; so, don’t miss the following:

Obtain Legal Recognition for Your Company:

Accepting card payments using digital payment terminals is a legitimate business practice, so it should help your company a lot. The card brand name will be printed on the POS, and thus the customers will have no problem noticing it. This logo will be featured on the same online marketplace as well. The greater the number of customers from outside the country, the more money you’ll make.

Increase Your Profitability:

To accept various forms of payment, like credit cards, Google Pay, Apple Pay, and more, use a credit card machine at your business. Creating a positive impression on your customers is quite simple, but it also keeps your customers loyal. A credit card machine, thus granting flexibility in the ecosystem of online payment, provides customers with many payment options, thus allowing them to pay bills in various ways.

How to stay ahead of the competition:

Many businessmen have not yet fully embraced digital equipment, making small-business models in the early stages of transition. To accept online payments, your business equipment must be upgraded. If customers are no longer carrying cash, you can outpace your competitors. Research has shown that when customers use their cards to make a purchase, they spend more. Additionally, because you will make a substantial profit from accepting card payments, it’s highly recommended that you do so.

Cash Flow Improving Measures:

The customers’ card payments get settled quickly when they pay with a card. Everything is done electronically, so you don’t have to go to the bank to deposit the money. Additionally, you don’t have to wait for customers to pay you. Your cash flow will thus improve.

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Are You Choosing the Right Stock Market Advisory Company

What do you do if you want to learn driving a car? You will try to find an expert teacher, isn’t it? You do not want to avail the services of a novice individual to help you out, but a professional person can provide you the vital tips and most importantly guide you efficiently. Similarly, when it comes to investing in the stock market for the first time, you require a knowledgeable advice to attain your financial goals and get profitable returns.

If you are a beginner, then it is quite obvious that you may be having no information about the process of buying the right shares in the market. In such a situation, getting the right tips from an experienced financial advisor or a registered advisory company will truly prove to be a great blessing in disguise. However, there are some of the important things that have to be kept in mind while choosing the top stock market advisory company, which are as follows:

How much assistance do you actually require?

Before you make up your mind to hire an advisor, it is imperative that you must first decide about the kind of service you require from them. You may need their help at the beginning or during the time of any issues. This is because an advisor has to formulate a map according to your requirements. Hence, it is suggested to ascertain your needs first and then take further action.

Choose a top ranked advisory company

It is a very important point that has to be taken into the consideration. Availing services of the well known advisory company or a financial advisor is an absolute necessity. Make it a point to carry out a proper background or research work about the company. Check out their credentials, reputation, experience, etc before hiring them.

Asking for a sample financial plan initially makes sense

When hiring a financial advisor, then do not forget to ask for sample plan first. It is imperative to note that there is no such thing called the perfect plan. A sample plan will help you to determine whether an advisory company is actually making sense according your requirements or not.

Conclusion

The financial planners or advisory companies can really turn out to be the greatest asset for you if you choose the best one. They are just like the professional sailors who can help you out to sail through stock investment related problems quite efficiently.

Deepak is a financial advisor who likes to provide quality tips to the people facing any issues with regard to investing in the stock market. He likes to keep himself updated about the stock market by reading articles, news and blogs, etc.

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5 Areas Where Interest Rates Matter!

Although, we hear, a lot of opinions, about, interest rates, and their trends, and impacts, very few people seem to understand, the significance, and importance/ relevance, of these rates, in several areas of our lives! After, many decades of involvement, in political campaigns, leadership, leadership training/ planning, real estate, financial sales and consulting, etc, I strongly believed, one benefits, by understanding, more about these, and how they affect, many things, in our lives! Whether, related to personal, organizational, and/ or, public finance/ spending, home ownership and related costs, credit – related issues, business matters, stock and bond pricing, etc, interest rates, truly, significantly, matter! With, that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, 5 of these areas, and how the cost – of – money, makes a significant difference.

1. Bond prices and interest rates: The price of a bond, generally, is inversely – related to interest rates! When these rates go down, prices, rise, and when they go up, the inverse occurs! Bonds have, what is known, as, a par – value, which is the price, paid, at the end of the term. Markets usually set these at 100, which represents $1,000 per bond, at maturity. However, during the period, the pricing can rise or fall, which impacts, liquidity – related issues!

2. Mortgage rates: For the last few years, we have been witnessing and experiencing, record – low, mortgage interest rates, which have helped the overall, real estate/ housing market, especially, in terms of, pricing increases! In most areas of this country, we are seeing, home prices, at their highest levels, ever, by a significant, dramatic amount! When this rate, is low, a home buyer is able to buy, more – house – for – his – bucks, because, his monthly payments, are so low! Consider, however, what might be the potential ramifications, and impacts, when these rates, will, inevitably, rise?

3. Consumer credit: Low costs of borrowing, help the automobile industry, in terms of consumer financing, etc! Although, not as much as other vehicles, rates on credit card debt, are lower, and there are often, shorter – term, promotions, offering deals! However, since, most of these are variable, and based, on some index, etc, what happens, when there is an increase, in this?

4. Business borrowing: Another area affected, is business cost of borrowing! Presently, they have had access, to relatively, cheap – money, which helps in reducing the costs of borrowing, overall operations, purchasing inventory, etc. But, what happens, when this, ticks – up?

5. Impacts on stock market prices: For some time, because bonds have paid so little, in terms of dividends, etc, many have considered, the stock market, the only game, in – town! In addition, many corporations, have seemed, better – off, than they probably are, and we have witnessed, a higher, ratio of prices to profits, than in the past! How long will this last? How high can it go?

Many factors impact these issues, especially: actual and/ or, perceived inflation; consumer confidence; politics/ government actions/ the Federal Reserve, etc. The more you know, and understand, hopefully, the better – prepared, you will be!

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