How Getting a Refinance Could Impact Your Credit Score

How Getting a Refinance Could Impact Your Credit Score

Mortgage RateA refinance might solve your issues if you’re looking to lower your current mortgage rate and reduce your monthly payments. But take note that opting for a refinance could impact your credit score. Below are some vital things you need to consider before shopping around for a refinancing deal.

Potential Lenders Would Look at Your Credit History

Credit inquiries would be displayed on your credit report. Every single credit inquiry could reduce your credit score. In general, if you are shopping around for a refinance deal within several days of each other, your credit report would show these loan applications as one credit inquiry.

However, if you shop around and apply for a refinance deal for several months, these would show up as separate credit inquiries and applications. In turn, your score would significantly drop, and you might find it more difficult to get a great refinance deal or even qualify for one

Closing your Old Home Loan Could Backfire on You

When refinancing, you are basically closing out your current mortgage with a new mortgage. But when your credit score is concerned, your credit’s age matters a lot because FICO bases 15% of your score on the age of your credit, says a mortgage broker from First Class American Credit Union, a top credit union in Fort Worth.

Basically, lenders consider a long credit history as an accurate indicator of your ability to manage debt, he adds. This means that closing out your home, especially if you’ve been paying it off for years could negatively impact your credit score if you are also looking to obtain a new mortgage.

Using Equity in Your Home Could Negatively Impact your Credit Score

If you have enough equity built up in your home and are looking to use it for doing some home improvements through a home equity line of credit or home equity loan, you would be increasing your debt. This is crucial since 30% of your credit score would be based on your debt load. This means that taking on more debt would likewise raise your credit-to-debt or credit utilization ratio. In turn, this might communicate to lenders that you’re a high-risk borrower.

The Main Takeaway

Getting a refinance could save you some cash if you manage to lower your mortgage rate. However, it’s vital that you consider how refinancing might affect your credit score. If you’re intent on refinancing and want to avoid unnecessary surprises, check your credit history first and go from there.

A refinance might solve your issues if you’re looking to lower your current mortgage rate and reduce your monthly payments. But take note that opting for a refinance could impact your credit score. Below are some vital things you need to consider before shopping around for a refinancing deal. Potential Lenders Would Look at Your Credit History Credit inquiries would be displayed on your credit report. Every single credit inquiry could reduce your credit score. In general, if you are shopping around for a refinance deal within several days of each other, your credit report would show these loan application ...

3 Ways You Can Make Your Children’s Summer Worthwhile

3 Ways You Can Make Your Children’s Summer Worthwhile

Kids Holding Different BallsA few weeks have already gone by since the summer season started. And have your kids been spending all this time just sitting on the couch watching TV or playing video games? If yes, it’s high time you make them do more worthwhile things.

1. Enroll Them in Classes

Be it for sports, music, art, dance, or martial arts, enrolling your kids in a summer program will help them learn and develop new skills. Remember, however, to only have them take classes they’re truly interested in. If your kids are into sports, for example, get them into a baseball program. And so they can also practice at home, buy them bats, mitts, balls, protective gear, and a radar gun for sale at sports stores as well.

2. Get Them to Do Chores

Help your kids develop a sense of responsibility by assigning them household chores. For one, you can ask them to give you a hand with folding the laundry you already washed. Or maybe get them to help you move things around so that the living room can be thoroughly cleaned. When making your kids do chores, just ensure that the tasks are age-appropriate and that you reward your kids, say with ice cream or pizza, now and then.

3. Encourage Them to Volunteer

Lastly, encourage your kids to do volunteer work to teach them to be giving and compassionate. Your local orphanage and nursing home could surely use some volunteers to help them take care of their residents. If your kids are animal or nature lovers, they can also do some work for an animal shelter or participate in a tree-planting activity. From time to time, join your kids while they’re volunteering to show your support for what they do.

Make your kids do worthwhile activities during summer. This way, they don’t stop learning even when they’re on their school break.

A few weeks have already gone by since the summer season started. And have your kids been spending all this time just sitting on the couch watching TV or playing video games? If yes, it’s high time you make them do more worthwhile things. 1. Enroll Them in Classes Be it for sports, music, art, dance, or martial arts, enrolling your kids in a summer program will help them learn and develop new skills. Remember, however, to only have them take classes they’re truly interested in. If your kids are into sports, for example, get them into a baseball program. And so they can also practice at home, buy them ...

4 Must-Try Dishes when You’re in Costa Maya

4 Must-Try Dishes when You’re in Costa Maya

mexican foodOne of the greatest things about visiting Costa Maya is the delicious Mexican food. The village has a great tradition when it comes to culinary, and there are various exquisite dishes to tickle your palate. With the Caribbean Sea just around the corner, you’re sure to taste fresh seafood daily.

If you’re looking for things to do in Costa Maya while on a cruise, why not go on a trip to different restaurants and see the most exciting dish they can offer?

Chilaquiles

This traditional breakfast dish is extremely popular among Mexicans, and it's a staple food item at festivals. Chilaquiles feature lightly fried corn tortillas cut into quarters and topped with red or green salsa. Pulled chicken and fried eggs are usually added for more flavor, as well as cream and cheese. The locals often serve it with a healthy dose of refried beans called frijoles.

Tamales

The Mayan, Aztec, and Inca tribes developed tamales as a nourishing on-the-go food to take into battles. It is made of corn dough stuffed with either a savory or sweet filling. The cook wraps them in corn husks or banana leaves and leaves them to steam. Fillings vary from cheese and meats to vegetables, fruits, and chili.

Tacos Al Pastor

This famous dish dates back to the 1920s when Syrian and Lebanese immigrants came to Mexico. Since then, it has become one of the most popular varieties of tacos. Tacos Al Pastor has thin strips of juicy pork, pineapple, coriander leaves, and onions, served in a corn tortilla.

Pozole

This delicious soup has pork, chicken, and vegetarian versions for all types of diners. Pozole features hominy corn with plenty of species and herbs, topped fresh vegetables. The traditional way of cooking it is to stew it for hours, often overnight.

If you’re stopping by at Costa Maya, these are some of the absolute must-try dishes. After all, food is the best way to explore its remarkable Mexican heritage.

One of the greatest things about visiting Costa Maya is the delicious Mexican food. The village has a great tradition when it comes to culinary, and there are various exquisite dishes to tickle your palate. With the Caribbean Sea just around the corner, you’re sure to taste fresh seafood daily. If you’re looking for things to do in Costa Maya while on a cruise, why not go on a trip to different restaurants and see the most exciting dish they can offer? Chilaquiles This traditional breakfast dish is extremely popular among Mexicans, and it's a staple food item at festivals. Chilaquiles feature lightly ...

3 Online Marketing Strategies That Will Rule Over 2018

3 Online Marketing Strategies That Will Rule Over 2018

Online Marketing Business ConceptThe Internet is a very effective medium for businesses to reach their target market. That is why it is essential to understand the next stage of online marketing so that you can step ahead of the game. Although hiring creative advertising agencies such as Blue Gorilla Digital is a great way to create the perfect digital marketing campaign, it is always best to know the latest updates on online marketing.

Here are a few of the most popular online marketing trends for this year.

1. Content Marketing

Content marketing is a fresh concept utilized by a growing number of Internet marketers. Through the content on your business website, you can attract customers or establish your brand's identity. The materials produced should always contain information beneficial to your readers and should be desirable enough to be shared to various social media platforms.

2. Chatbots

Another trend that is gaining popularity is chatbots. These are automated software applications used for customer service concerns, engagements, and even general questions that people may have regarding a business. Chatbots can easily handle hundreds of customers simultaneously, making it far more superior than email marketing.

3. SEO

Search engine optimization or SEO is another online marketing strategy that aims to drive traffic to a specific site. Most marketers use this type of strategy by creating web content specially made to respond well to various search engines. It may include various categories such as videos, articles, or images as well.

These are just a few of the most common trends that will rule 2018. You might want to work with a credible digital marketing firm to create an ad campaign specially designed for your business needs.

The Internet is a very effective medium for businesses to reach their target market. That is why it is essential to understand the next stage of online marketing so that you can step ahead of the game. Although hiring creative advertising agencies such as Blue Gorilla Digital is a great way to create the perfect digital marketing campaign, it is always best to know the latest updates on online marketing. Here are a few of the most popular online marketing trends for this year. 1. Content Marketing Content marketing is a fresh concept utilized by a growing number of Internet marketers. Through the conte ...

Buzz for the Biz: Maximizing the Power of Video in Your Next Event

Buzz for the Biz: Maximizing the Power of Video in Your Next Event

Man Working on His Video CameraThere’s no doubt about it, video content is king. It’s a material businesses can’t afford not to have. New brands keep popping up, so the pressure to stay relevant is high. In Colorado, for example, launching a start-up business has gotten a lot easier with the introduction of MyBizColorado.

More people will be inclined to do business in this western state. So the challenge for companies is now a notch higher: how do you sustain the buzz about your business? The answer most firms turn to? Video.

Video, in its interactive feature, pulls people in as it tells a story in moving pictures. It shows, rather than tells. It’s the reason cat videos are one of the most popular content on the internet. But while videos are popular on the digital media, there’s also power not yet maximized when they’re used in events.

Below are some of the ways you can leverage video on your next event. Make sure you take this into consideration when planning for event production; Denver Co video specialists such as One Floor Up can help you with this.

Produce a Same-Day Edit Video

Film behind-the-scenes footage. Tech crew setting up? Speakers going through their notes? Put that on the camera. People love to see what they were not able to see. Of course, make sure that you catch the highlights of the events as well.

If you’re having a conference, you should feature quotable quotes from the speakers on the video.

Install a Video Booth

Photo booths are a thing of the past. What’s in now is video booths. This will instantly make your event memorable for attendees. For conferences, you may want to put the video booths near the registration and have attendees record what they’re most excited about in the talks.

You can use this content and repurpose it as part of your post-publicity.

Livestream Your Event

Facebook live is not just an option for events. It’s almost always a necessity - and for a good reason. Facebook live lets you broadcast in real time what’s happening in your event. For those who want to attend your conference, and are not able to, they’ll be able to get updates from your Facebook live video.

Of course, be strategic in what to livestream and what not to, especially when your conference has fees.

Keeping the buzz about your business is more challenging than ever with the cutthroat competition. Maximize the power of video at your next event.

There’s no doubt about it, video content is king. It’s a material businesses can’t afford not to have. New brands keep popping up, so the pressure to stay relevant is high. In Colorado, for example, launching a start-up business has gotten a lot easier with the introduction of MyBizColorado. More people will be inclined to do business in this western state. So the challenge for companies is now a notch higher: how do you sustain the buzz about your business? The answer most firms turn to? Video. Video, in its interactive feature, pulls people in as it tells a story in moving pictures. It shows, rat ...

Safety Gear You Should Have When You Go Skiing for the First Time

Safety Gear You Should Have When You Go Skiing for the First Time

a couple going on a ski dateSkiing and snowboarding have become popular winter sports. Thanks to different skiing camps, newbies can now learn the basic skills with proper guidance. Today, many families consider these activities as weekend hobbies.

While skiing can be fun, safety should always come first. Pedigree Ski Shop recommends finding a reliable store that offers the right gear and accessories. Other than vests and jackets, here are some of the basic items you should have:

Wrist Protectors

Fractured arms and wrist sprains are among the common injuries in skiing and snowboarding. This is mainly because of the instinctive reaction when you anticipate a fall. Some beginners may also experience numbness or tightness on their wrist due to a bad grip. Wearing the right size of wrist protectors can help prevent these injuries.

Knee Guards

Even professionals don’t go to the skiing tracks without knee guards. In this sport, you need to carry the weight of your upper body. This means you need to maximize those lower extremities. With all that weight and constant motion, it's advisable to wear knee guards at all times. Experts recommend having an extra cushion or the “squidgy” types for better stability and control.

Protective Shorts

Wearing padded shorts provides more support to the coccyx and vertebrae. It also helps prevent thigh and hip injuries when taking a hard fall. Another good thing about these specially designed shorts is the extra warmth they provide. They also make your muscles more flexible and help prevent cramps and strains.

These are just some of the basic but important items you should wear when you go skiing. It's always better to be safe than deal with injuries and other problems.

Skiing and snowboarding have become popular winter sports. Thanks to different skiing camps, newbies can now learn the basic skills with proper guidance. Today, many families consider these activities as weekend hobbies. While skiing can be fun, safety should always come first. Pedigree Ski Shop recommends finding a reliable store that offers the right gear and accessories. Other than vests and jackets, here are some of the basic items you should have: Wrist Protectors Fractured arms and wrist sprains are among the common injuries in skiing and snowboarding. This is mainly because of the instinctive r ...

These Study Habits Will Get You Better Grades

These Study Habits Will Get You Better Grades

Woman Studying and Reading a BookAre you having a difficult time with your subjects in school? If so, you may have to improve your study habits or learn certain skills to get back on track or improve your grades. Teachers from Salt Lake City charter schools cite the following hacks to help you.

Explain the concept

You may have been reading a passage, a chapter or a book repeatedly, take a break from doing so and try to explain the concept in your head or aloud, or to friends who are studying with you.

The ability to break down salient points and summarize math, English or other subjects shows your grasp of all these topics. This makes it easier for you to retain and recall information once you start taking a test.

Distributed study and practice

The teacher already said you would have a test on a specific date. You always have the option to cram a day or two before it takes place, but don’t expect to get a good score with this mindset.

Cramming makes it difficult for you to recall information you need because you overloaded your brain with concepts. The ideal thing to do is to spread your study days into weeks or several days before the exam. Doing so allows you to remember things you’ve studied.

Join a study group

Studying is made easier if you do it with a group. The latter allows you to ask questions about topics you don’t understand or exchange ideas and notes with others. This enables all of you to remember concepts easier and correct mistakes before a test.

Ask thoughtful questions

While in class, actively listen and participate; ask tough questions about the topic. Asking ‘why’ and more details allow you to understand the concept. This may lead to other questions, but it will help you not just get better grades, but also become a better student.

These are some study habits you can adapt to do well in school and remember even difficult concepts in any subject. Doing well in each school year helps you get into your chosen program, college or university in the future.

Are you having a difficult time with your subjects in school? If so, you may have to improve your study habits or learn certain skills to get back on track or improve your grades. Teachers from Salt Lake City charter schools cite the following hacks to help you. Explain the concept You may have been reading a passage, a chapter or a book repeatedly, take a break from doing so and try to explain the concept in your head or aloud, or to friends who are studying with you. The ability to break down salient points and summarize math, English or other subjects shows your grasp of all these topics. This makes it ...

Perks of Taking Your Construction Management to the Cloud

Perks of Taking Your Construction Management to the Cloud

Men in a construction siteConstruction management software has made construction processes more efficient. But with the arrival of cloud technology, the rules of the game have changed; hence, management efficiency has been redefined.

Cloud-based construction management software, experts at Loadspring note, cuts more time and delivers results, faster. It steps up improvements in real-time communication and helps an organization get closer to the marketplace.

Accurate and efficient

In cloud-based systems, paper-based documentation is eliminated. Via a central repository, the system gets rid of the need for the burdensome, tedious paperwork. Because it is centralized, the system can correlate documents for tracking and archiving.

Accuracy and efficiency also go beyond the normal search and filtering components of management software. Through a built-in search functionality, data retrieval is far easier. Drawings are likewise automatically tracked in these new systems. Every member of a team can see every version and step of the project.

Accessible

Cloud-based systems offer 24/7 accessibility to project data. An internet connection is all that’s needed to access the project. Users can create, review, and share data anytime, anywhere. In effect, monitoring deadlines and diagnosing problems happen in real-time, reducing the effort and hours spent on edits and rework. This saves the company money, in the process.

Field management is also made easier, as a result, as a user can easily upload an image wherever he or she is. This image becomes instantly available to anyone permitted to access the project, either for viewing or for giving feedback.

Market-linked

With the use of Google maps and a site location track feature, companies and other institutions will be able to find the construction site. This makes logistics far more efficient since all concerned have access to the exact site location.

To take advantage of the online setup, the software uses an e-commerce model, which allows construction companies to sell their product directly to contractors. An account can be created where products can be listed. Contractors can readily check these listings real-time.

Improvements in cloud technology have brought forth many advantages, across a range of industries – construction management being among them.

Construction management software has made construction processes more efficient. But with the arrival of cloud technology, the rules of the game have changed; hence, management efficiency has been redefined. Cloud-based construction management software, experts at Loadspring note, cuts more time and delivers results, faster. It steps up improvements in real-time communication and helps an organization get closer to the marketplace. Accurate and efficient In cloud-based systems, paper-based documentation is eliminated. Via a central repository, the system gets rid of the need for the burdensome, tedious pa ...

Engagement Ring Styles: What’s “In” This 2018?

Engagement Ring Styles: What’s “In” This 2018?

Close up image of a diamond-studded engagement ringThe classics will always have a place on top shelves, but trends this year will not disappoint those who crave the unexpected. If you’re planning to purchase a diamond ring from supplier such as Utah's AAA Jewelers, here’s a little guide to new trends in bridal jewelry this 2018.

“Anything Goes”

This year’s motto revolves on stone cuts that were once considered as unusual for bridal jewelry, such as pear shapes, marquise, and trillion. Clients are becoming more adventurous when it comes to their choices, as new stone types like the gray diamond emerge as a trend.

Portrait-cut diamonds are also increasing in popularity, as well as rose-cut stones and geometric silhouettes. Shops are seeing more people get interested in mixed metals, tinted stones, and vintage rings.

A Reflection of Yourself

With the plethora of customization options, there’s plenty of opportunities to create a ring that truly speaks for yourself. As opposed to tradition, engagement rings are shifting toward craftsmanship and uniqueness.

When you are picking something that is personal to you, something that no one else has, it will remain a sound ring choice.

Unexpected Change

It’s okay to go crazy and be bold with your ring. If you think your taste will change several years down the road, you have options because resetting rings is now a thing.

Redesigning the engagement ring is something most couples want when they reach a milestone, whether it’s their 5th- or 10th-year anniversary. If you’ve picked out various bands and stacked them together, you can still reset it to look classic and traditional when you feel like it.

When it comes to engagement rings, modern brides-to-be have started showing a sharp eye for the avant-garde—unique settings, colorful stones, unusual shapes, and so forth. With this new freedom, 2018 is proving to be a wonderful time to express your individuality.

The classics will always have a place on top shelves, but trends this year will not disappoint those who crave the unexpected. If you’re planning to purchase a diamond ring from supplier such as Utah's AAA Jewelers, here’s a little guide to new trends in bridal jewelry this 2018. “Anything Goes” This year’s motto revolves on stone cuts that were once considered as unusual for bridal jewelry, such as pear shapes, marquise, and trillion. Clients are becoming more adventurous when it comes to their choices, as new stone types like the gray diamond emerge as a trend. Portrait-cut diamonds are also i ...

Home Prices In Utah May Spur Higher Reverse Mortgage Activity

Home Prices In Utah May Spur Higher Reverse Mortgage Activity

Mortgage loan agreement application with house shaped keyringReverse mortgage programs in Utah seem like a better option now due to the increasing home rental prices, which are exceeding the salary of low-income households.

Those who earn the national minimum wage of $7.25 per hour would have to work 98 hours every week to afford a two-bedroom unit in the state, according toa National Low Income Housing Coalition report.

Beneficial Market

While higher home prices are a bane for buyers and tenants, it presents an excellent opportunity for retirees to unlock the value of their investment. A reverse mortgage allows Americans who are at least 62 years old to access the equity in their homes without having to sell it. This type of mortgage, however, carries a lot of responsibility for homeowners in terms of real estate taxes and insurance.

Even if there is no monthly payment, those who apply for a reverse mortgage would still need to insure their home and pay property taxes. The risk of default remains a probability as well, since unexpected expenses such as healthcare costs may cause you to miss on payments. You also need to live in the property for the duration of the loan. Otherwise, it would immediately become due.

Risk Management

Retirees can protect themselves by doing a lot of research and consulting with different mortgage companies. You can shop around for at least three mortgage lenders to compare the best rates and find the best deals.

Take note that your reverse mortgage would depend on your age and value of your property among other factors. Older people who own houses with higher values tend to get more money.

Conclusion

If done right, homeowners can see a reverse mortgage as a valuable addition to their retirement fund. When choosing a mortgage firm, it’s better to consult with a company that offers multiple loan options.

Reverse mortgage programs in Utah seem like a better option now due to the increasing home rental prices, which are exceeding the salary of low-income households. Those who earn the national minimum wage of $7.25 per hour would have to work 98 hours every week to afford a two-bedroom unit in the state, according toa National Low Income Housing Coalition report. Beneficial Market While higher home prices are a bane for buyers and tenants, it presents an excellent opportunity for retirees to unlock the value of their investment. A reverse mortgage allows Americans who are at least 62 years old to access the ...