Archive for February, 2018

What You Need To Know Before Getting A Car Title Loan

Man handing over car keysAt some point in people’s lives, there may come a time when they would need to spend a certain amount of money, money which unfortunately they don’t have on hand. A medical emergency perhaps, or major house repairs that aren’t covered by their savings.

When this happens, one option for getting the money needed is to turn to cash loan service providers like Utah Money Center. In Salt Lake City, there are different kinds of loans available for those who need to borrow money fast. One of these is a car title loan, which is a small and short-term loan in which the title on a vehicle is used as collateral.

Here’s everything you need to know about a car title loan and when it’s ideal to apply for one.

How does it work?

Borrowers need to pledge their vehicle as loan collateral by giving the vehicle’s title to the lender until the loan is repaid in full. In order for you to borrow against your car, you need equity in it. In most cases, borrowers need to own the vehicle free and clear (with a clear title to show for it), but there are cases when lenders approve loan applications even if borrowers are still paying off a standard purchase loan.

How much can you borrow?

The loan amount is based on the car’s value or the equity in it. In general, the greater the car’s value, the bigger the amount that you can borrow. However, the full value of a car is rarely given because the higher the amount lent, the more difficult it will be for borrowers to pay it back. Lenders may give only the amount that they can get for the car if they have to repossess and sell (it if the borrower is unable to repay the loan).

What is the usual loan period?

Car title loans are often due for complete repayment within 30 days. In cases where borrowers are unable to repay within that period, they can extend repayment by rolling over the loan. This means they get a new 30-day loan, but they would have to pay new loan fees and additional interest.

What do you need to apply?

Applying for a car title loan requires you to complete a loan application, after which you will need to present your car, a photo ID, proof of insurance, and the clear title. You may also be required to provide duplicates of your car keys.

When applying for a car title loan, make sure you review the loan terms. Ask the lender to tell you the total cost of the loan as well as the annual percentage rate or APR. Lastly, borrow only what you can repay in full by the date the loan is due so that you avoid paying for a loan rollover or worse, losing your car.

February 9, 2018 at 7:53 amFinance

Report: Construction Spending hits Record Amount in Southwestern Utah

Two engineers planningConstruction spending in Southwestern Utah, including for industrial supplies online or offline, reached a record amount in 2017, according to an NAI Excel report.

The report based its analysis on residential and commercial construction projects such as houses, hotels, offices and retail buildings.

Slow Recovery

NAI managing director Neil Walter described the record-high construction spending in Southwestern Utah as a “slow moving” expansion since 2010. Aside from building activity, the level of spending has been beneficial to the real estate market as well.

Property prices have climbed, while vacancy rates for residential and commercial buildings have remained at favorable numbers. Multifamily vacancies, for instance, have stayed below 1%. The declining vacancy rate also led to the expected addition of around 900 more housing units in 2018. Another benefit of the high construction spending involves jobs. The Department of Workforce Services expects the creation of more jobs this year, due to a positive outlook of most construction firms on the strength of the construction sector in the state and nationwide.

Construction Outlook

A majority of the construction firms in the U.S. expect higher demand for all services in 2018, according to Stephen Sandherr, Associated General Contractors of America (AGC) CEO. For this reason, these companies intend to hire more people to meet the projected growth in demand.

The AGC and Sage Construction and Real Estate’s survey showed that 75% of the respondents plan to expand their workforce this year. American contractors believe that the private office market will account for most of their projects. Transportation- and retail-related construction projects ranked next to their list, followed by water and sewer infrastructure.

Conclusion

A record-high increase in construction spending arguably benefits economic and job growth, as well as provide business to enterprises that depend on building projects. Where do you intend to launch your next project this year?

February 8, 2018 at 9:00 amDirections

Taking Care of Loved Ones with Alzheimer’s

A man with alzheimer'sAlzheimer’s disease is a serious problem that affects the elderly all over the world. The illness causes changes in the brain, which result in loss of memory and impairment of other mental faculties.

It usually begins with memory loss and progresses to affect the patient’s reasoning ability, decision-making, judgment and other day-to-day activities.

Consistent Care and Monitoring

Without proper guidance and care from loved ones or caregivers, patients who have this condition will find it difficult to survive. Across America, facilities have been set up where the elderly can receive the best Alzheimer’s and dementia care.

The place has caregivers, medical staff, therapists as well as experts who are trained and equipped to handle the challenges of watching over a patient with this condition. At the early stages, it is still possible for family members to take care of their parent or loved with Alzheimer’s or Dementia.

Incidentally, the two conditions are not the same. Alzheimer’s is a form of Dementia, and the situation can worsen to become full-blown where the patient is no longer able to function by himself. Dementia may be caused by severe head or injury or even a stroke.

And while there are now brain scans that allow doctors to track the early onset of Alzheimer’s, the technology is not yet able to predict who will develop it down the road.

Preparing for the Worst Case Scenario

Brain scans of an Alzheimer's patientOf course, if your family has a history of Alzheimer’s disease, there is an increased risk that you will also be developing it. In this case, it’s better to equip your family members with the basic knowledge and emotional understanding needed when caring for an Alzheimer’s patient at home.

Your doctor can give you more tips and prepare a checklist for the things you need to make your loved one with Alzheimer’s or Dementia more comfortable at home. There are also exercises to help them stay active and alert through the day.

However, experts do advise that when the condition worsens, the patient may need admission to a care facility that can monitor and care for them round the clock.

Some people may consider this the worst case scenario, but it may be in your loved one’s best interest to be checked in to a facility that is better equipped to handle their needs.

February 5, 2018 at 2:41 pmHealth & Lifestyle

4 Ways to Make Sure Your Boat is Safe from Thieves

Boatshed on the River in blue houseThese days, nothing is safe from thieves. Even the boat that you thought was something thieves will not dare rob is already in danger. This is why it is important for boat owners to make sure that their boat is not going to be the next victim of any theft attempts.

The following are ways to improve the safety of your boat from thieves.

Cover boat properly

One of the most basic rules for preventing theft is concealment. When they are not able to see your interiors of your boat, they are less likely to pay mind to it. This is why bass tracker covers are very important tools to prevent theft.

Apart from this, it also protects your boat from getting destroyed by extreme weather conditions.

Do not keep valuables in the boat

Do not risk getting your valuable documents or possessions from being stolen. Get them and store them in a safer environment instead so that you will not have to deal with them later on.

Use a trailer lock

If you are parking your boat in a pier or a dock, it may be best to use a trailer lock so that it will be difficult to move it. This is already a step in the right direction against losing the boat.

Install boat alarms

Houses and cars are not the only ones that have security alarms. Boats are now also equipped with alarms that can help in preventing the boat from being stolen. Make sure to choose one that is easy to use and has customized reliability that fits its context.

Sure, no one can really say that their boat is 100-percent safe from whoever is planning to rob it. But, at least, these steps can do a lot in making it difficult for them to take anything that is yours.

February 1, 2018 at 9:59 amDirect Service