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Home Loan Mistakes to Avoid

money on the table and a house in the backgroundApplying for a home loan comes hand in hand with shopping for a new property, unless, of course, you are one of the lucky 1% of the population who can afford and pay with straight cold cash. Realistically, having a home loan, let alone applying for one, is a process that most people can easily go through if they follow the right process.

Knowing the mistakes to avoid when applying for a home loan in Portland is important, especially if this is your first time. Primary Residential Mortgage, Inc. cites some of them.

Not shopping for the best loan

As a first-time home loan applicant, you must shop around for the best deal on the market. Take your time and educate yourself about the trend that you need to know. That way, it will be easier to choose something that you won’t regret in the long run.

Having a bad credit

Having a bad credit before you apply for a home loan is almost always the reason people get their applications rejected. Make sure your credit score is admirable, if not reasonable enough, to impress the lender.

Not being able to budget properly

Have a weekly or monthly budget and stick with it for a long time. Doing so can help you manage your monthly expenses, including the mortgage fees and other initial payments that you would need to make upon application.

Not locking your mortgage rate

Mortgage rates fluctuate depending on the current market standing. Therefore, it’s a must to lock down your rates, lest you want to be surprised with an inflated rate in a few years’ time.

Mistakes are bound to happen, especially for first-time mortgage applicants. However, avoiding mistakes is always possible if you know what you should do.

May 24, 2018 at 11:58 amFinance

Tips for Hiring the Right Logistics Personnel

logistic personnel workingRunning the logistics department of any business is important. After all, this department is responsible for handling the management of supply and demand. Just a simple glitch in the process can mean trouble for the entire business.

As such, it is important that you establish an efficient and reliable process. This will aid in the deployment of the products to the sales team or the clients. And for this to happen, you need not only machines, tools, and equipment; you also need the right people.

Here are some pointers to help you find the right people for your logistics department:

Adept at handling tools and equipment

The field of logistics requires personnel to handle and manoeuvre tools and equipment. With this, you need to know whether an applicant can handle tools and systems, such as industrial packaging sets and solutions. To gauge their capabilities, you may present them with real-life problems and look at their proposed solutions that used a piece of equipment or tools.

Have a logistics background

It is important that the people you will be hiring have a background in logistics. If you are going for new graduates, you may choose those who have logistics courses or majors. But if you are looking for experienced employees, pick those who already worked for a logistics company before.

People smart

Interpersonal communication is important in establishing rapport with colleagues and clients. Your staff must have the right amount of guts and people smart for them to thrive in the industry. They may also have negotiation skills, which will surely help save time and effort.

Finding people for your logistics team can be challenging. But if you use these parameters, you will have an objective approach to picking the right people who will take on the task.

May 16, 2018 at 9:10 amDirect Service

How to Get the Right Type of Water Treatment Equipment for your Home

Residential water filtrationWe all want to consume and bathe in clean and fresh water, which is why more and more families today are getting water treatment equipment to make sure that they get the safest and cleanest water possible.

It can be confusing though, as not every one of us are equipped with the knowledge of water treatment systems. This is the reason why today, we will discuss what to look for in Fort Wayne water treatment manufacturers and what to find when it comes to water treatment equipment.

Talk to the Experts

First, have your water at home tested by a certified and licensed water testing laboratory. Once you have received the results, have a water quality expert take a look at your results.

They can easily identify the problem, and if they are willing enough, they can discuss the best course of treatment for your water. Make sure to get an unbiased water quality expert so you would get the best advice that any expert can give.

Do your Research and See which Treatment you Should Get

The internet offers a wide variety of information when it comes to water treatment, so make sure to take advantage of that. Educate yourself by learning about the different water treatment processes and pollutants.

If you know which treatment device you will need, you won’t be fooled by vendors who are only trying to sell their products without the intention of helping their customers out.

Request for Certain Documents

You have to be sure if the water treatment company that you are getting is qualified and certified to do the job. Ask your vendor if they have written proof of certifications from the National Sanitation Foundation, as well as from the Water Quality Association.

Once they provide you with these, you can now go ahead and start working with them to make sure that you get the cleanest water in the area.

Interview your family and friends and ask about recommendations and how they were able to choose their equipment. Do your research to make sure that you get the best out of all equipment.

May 7, 2018 at 10:21 amHealth & Lifestyle

Why Demand for Construction Supplies Remain Steady in Australia

Sydney Australia city viewDemand for construction essentials ranging from nut and bolt suppliers to concrete products remain stable in Australia, thanks to the steady flow of work in the commercial and retail sectors.

Based on the Rider Levett Bucknall’s (RLB) Crane Index, there were 684 cranes at work across the country in April. The index based the number of cranes in use as an indicator of construction activity.

Industry leaders

Non-residential construction has offset a decline in the number of cranes for residential projects. So far, in the second quarter, the RLB index recorded a 42% increase in cranes for commercial and retail projects.

This countered a 10% decline in residential cranes nationwide. Sydney accounted for a majority of the cranes with 346 in use, followed by nearly 160 cranes in Melbourne. Brisbane and the Gold Coast have 67 and 23 cranes, respectively, while Canberra and Perth have a combined 50. The rest are located in Adelaide, Hobart, Newcastle and the Sunshine Coast.

Sydney apartment boom

An apartment building boom in Sydney explains why most of the cranes at work are in the city, despite the broader decline in residential construction in other parts of Australia. CoreLogic’s analysis of data from the Australian Bureau of Statistics showed that there are more than 16,700 approved projects in New South Wales.

These projects likely broke ground after being approved in the last quarter of 2017. The additional supply would benefit home buyers, as property prices in Sydney are expected to fall in the next two years. The level of apartment construction in New South Wales contrasted the trend in Victoria and Queensland, where activity has begun to slow down.

A stable construction activity presents a win-win for builders and suppliers. As demand remains steady, suppliers will offer competitive prices for construction supplies to lure as many customers as possible.

May 2, 2018 at 8:19 pmStraight Study

4 Tips to Build a Farming Business in a Rural Area

Farmer feeding livestockTech is not the only industry that is experiencing a massive surge in demand. As the population of the world is increasing, the need for food is also rising in ways humanity has never seen. This is the reason why farming has become a good idea for a business for most entrepreneurs.

However, it can be a struggle to do it in a rural area due to the logistical and accessibility issues. These four things can help you build a farming business in a rural area.

Stock up on fuel

When you are in a rural area, there is a big chance that you are nowhere near a gasoline station where you can purchase fuel. Fuel is especially useful in running several farm equipment so you cannot afford not to have it when you are working.

One effective way to store your fuel is within fuel tanks. Search for a supplier of portable fuel tanks, so you no longer have to go to the gasoline station every time.

Buy a small truck

A small truck is very versatile on the farm. You can use it for transporting supplies to the farm. But most importantly, it saves you a lot of delivery fees as you can do the task yourself.

Choose crops that would do well in the weather

You want your yield to be of high quality and quantity. This is why you should choose crops you know grow well in the area.

Make sure you have access to water

To say that water is important to crops is an understatement. This is why you should have a water source.

Establishing a farming business can be incredibly challenging especially when you are venturing into it for the first time. But the financial rewards of this industry are worth the hassle you will get.

May 1, 2018 at 8:06 amInfo Tech

Daycare Hunting: 3 Essential Questions

Children enjoying daycare“Choosing a daycare is one of the most important decisions that a parent is going to make,” says Linda Anderson, the senior director at the National Association for the Education of Young Children (NAEYC) Academy. And she couldn’t be even more right.

Parents need to look for a daycare center that meets the highest of standards if they want their child to grow up right. With many Phoenix daycare centers out there, however, it’s possible to be overwhelmed. To help you get through this challenging task, here are some important questions to ask:

1. Where do you start looking?

A good starting point is the recommendations of friends and family members. If that isn’t enough, roam around the neighborhood and look for a daycare center in your area. This makes more sense, as it’ll be convenient for you and your kid. If you want a more efficient search online, narrowing down your options is ideal. Choices in child care differ — there are formal child care centers, family day care, and in-home care. Know your and your child’s preferences first then start browsing.

2. What should you look for in a daycare?

The first thing you need to be on the lookout for when visiting a potential daycare is how the staff interacts with children. In an ideal setup, the caregivers should be actively playing and interacting with each child. Children need all the attention they can get, so it’s best that their first caregivers are warm and responsive.

3. What are their policies?

It’s essential that you and the daycare are on the same page in terms of parenting philosophies and particulars like discipline, television hours, feeding, and sleeping. Before committing to anything, talk with the administrators and caregivers in the daycare you’re eyeing.

As parents, you want the best for your children. While choosing a daycare is one of the essential decisions you’d make, it’s also one of the most challenging. Ask yourself these three important questions to get the best.

April 25, 2018 at 2:16 pmStraight Study

Four Tips for Saving on Warehouse Storage Expenses

Two businessmen talkingIf a business is to maximise its profits, the company must ensure that operations cost is brought down. One of the things that contribute to a high operations cost is storage expenses for finished products.

In whatever industry you are in, warehouse productivity is an important factor. These are four things that can help in decreasing the cost of warehouse storage for your company:

1. Get great shelving.

Retail shelving is an important feature of a good warehouse. You will need shelving solutions that are cost-effective, customisable and accessible. It should make putting stocks and removing products easy.

This is why long-span shelving is great for your business. The great thing about it is that it is strong but not too heavy and can hold a wide variety of products. Search for a supplier of heavy-duty long-span racking system near you.

2. Maximise the storage options you have.

You may not realise it, but the space you utilise in the storage facility contributes to the costs. You need to maximise the space you have by storing more in it. You also have to consider the ease of accessing a particular set of products as time is also a resource for the company.

3. Implement inventory protection mechanisms.

Billions of dollars are lost yearly in warehouses all over the world. You must protect these products and supplies against damage, theft or misplacement. You could do this through several different mechanisms such as proper packaging and employee training.

4. Use cross-docking techniques.

Cross docking is when products are directly sent to customers instead of through middlemen. Cross-docking terminals help in the efficient transfer of goods.

The key to bringing down the expenses of factory storage is by optimising what you already have and making proper use of new additions to your facility. This way, the warehouse will be more efficient than it already is.

April 18, 2018 at 5:37 pmStraight Market

4 Ways to Prepare Your Business for Exporting

Export concept shotNow that you’ve determined that there’s a real demand for your products globally, you can further explore the idea of exporting. But do note that making your products available globally requires much more than making a feasibility study and analysis.

Improve the supply chain efficiency.

Your logistics performance has a significant impact on your export capabilities. You need to make sure that you have a foolproof system in place. This involves the simplest things like choosing the best supplier for a metal strapping tool for better packaging and engaging with credible partners for innovation processes.

Boost your domestic operations.

According to the Australian Trade and Investment Commission, you can’t expect to penetrate markets overseas successfully if you don’t have solid domestic operations. Identify the gaps in your processes and find solutions to improve efficiency and productivity.

Attend export coaching courses and sessions.

Doing business domestically is very different from going global. Don’t venture into it blindly. You need to learn the basics of exporting to make sure that you follow all the requirements and policies. You also need to educate yourself on export pricing and marketing.

Get market insights.

Distributing your products to a different market means you have to factor in more determinants. These include financial risks, cultural gaps and political dynamics. Get access to insights on market behaviour and assessment of the competition to remain relevant.

The decision to export shouldn’t rely on identifying your export potential. You need to make sure that your company is ready for it. Do market research, improve your operations and increase your supply chain efficiency. It’s a huge endeavour to take on, so make sure that you are well equipped.

April 17, 2018 at 8:02 amStraight Study

A Guide to the Various Types of Auto Loans

Approved Car Loan ApplicationAbout 85% of new car purchases are financed through loans. Approximately half of the people who borrow money to buy a car get their loans from car dealerships while the rest get their financing from credit unions and banks.

There is an 80% chance that you will be borrowing cash for you to get the keys to your new ride. As such, it pays to understand the various types of loans as well as the best auto loan rate in Utah. That said, this article focuses on your auto loan options.

Unsecured vs. secured auto loans

With a secured loan, the car acts as the collateral to the loan. That means the financing company has the security interest indicated in vehicle title. So if you default payment, the financing institution will seize the vehicle.

Other financing institutions offer unsecured loans. This means the lending institution has no security control over the vehicle. Consequently, these loans are only offered to people with substantial assets and income, as well as those with high credit scores. Additionally, due to their high-risk nature, these loans come at a significantly high-interest rate in comparison to the secured loan.

Simple interest vs. pre-computed interest

Pre-computed interest is calculated based on the total amount of the interest rate over the period of the loan. The total figure is then divided by the number of months you will be paying the loan. That means your monthly payments will include the specific amount of interest regardless of the remaining loan balance.

Simple interest loan, on the other hand, calculates the interest rate based on the outstanding loan balance. That means, if you took a car loan for $10,000 and you now have an outstanding amount of $5,000, the interest will be calculated based on the $5,000 and not $10,000.

Regardless of the auto loan that you want, shopping around is worth your while. Picking a loan is not just another paperwork procedure in car purchasing process. The loan is a purchase by itself and is likely to cost you thousands of dollars.

April 7, 2018 at 1:00 amFinance

How to Qualify for a Jumbo Loan?

Man computing using a calculatorA jumbo loan is the kind of mortgage you need to buy a property with a jumbo price. It chiefly refers to the size of the loan, but its classification depends on what’s considered the “conforming loan” in the region. In Utah, the difference jumbo and FHA loan limits can be about $150,000.

Unlike conforming loans, jumbo loans are not guaranteed by the government. In other words, the lenders that issue them a big risk appetite. Considering they don’t follow the underwriting guidelines of Fannie Mae and Freddie Mac, qualifying for a jumbo mortgage is harder than usual. As only a few lenders offer jumbo loans, their interest rates are naturally higher.

If you’re planning to apply for this kind of mortgage in Salt Lake City, here’s what most lenders are looking for:

Extra-Large Down Payment

Jumbo loan lenders might be open to taking greater risks, but they’re not willing to provide 100% financing. In most cases, you’re expected to put down at least 20% of the total property’s price. On the bright side, you won’t have to pay for private mortgage insurance for years, which offers no personal benefit to you.

Low Debt-to-Income Ratio

Applying for this mortgage puts your income under closer scrutiny. Your prospective lender will go great lengths to make sure you have an unquestionable capacity to repay for it. Apart from providing evidence of your employment and earning potential, you’ll also need to provide plenty of other assets.

Excellent Credit Score

Of course, stellar credit standing is a prerequisite for jumbo loan approval. The lowest FICO score to qualify for it is 700. Obtain a copy of your credit report and identify any error in your file before speaking with a lender.

Most people don’t qualify for jumbo loans for good reasons. Securing a mortgage of such size is a privilege, which can be abused without stringent qualifications.

March 30, 2018 at 1:00 amFinance