A Guide to Sourcing The Right Mortgage Broker

mortgage broker

If you and your partner have decided that renting is no longer an option, you will soon have to negotiate the murky world of mortgages. For the very lucky few, borrowing money is not necessary, yet for the rest of us, it is the only way we can own our own property, and one thing you will need in your corner, is a good independent broker, and with that in mind, here is a guide to sourcing the best mortgage broker for your specific needs.

  1. Performance Based Industry – The mortgage broker industry is very much performance based, and any established broker would have an excellent reputation in the field. If a person is happy with the home loan they got through a broker, they are likely to mention it to their friends, and with this word of mouth recommendation, the broker is not short of clients. If, for example, you are looking for a mortgage broker Central Coast homeowners trust, there is an established provider who can tailor the loan to perfectly suit your needs.
  2. No Cost Services – For the borrower, the mortgage broker’s service should be free, as they receive a small remittance from the lender, and that is good news for any potential buyer. This allows you to have all the benefits a broker brings at zero cost, making it the obvious choice, yet there are some companies who perform better than others, and we must always remember that the broker is limited to their connections with lenders, and an established broker would have a large number of lenders on their books.
  3. Online Solutions – The days of driving around looking for a mortgage broker’s office are well and truly behind us, and with a simple online search, it is possible to bring up a list of potential candidates, and after some browsing, you can make an initial online enquiry. With online applications, you can receive a mortgage pre-approval within a few minutes, and any queries you might have can be answered through their website.
  4. Independent Advice – Ideally, a broker will have the client’s best interests at heart, and as he is not tied to a specific lender, he can shop around on the client’s behalf, looking for a loan that is tailored to suit their client’s needs. You can also refer to informative articles that highlight the many benefits of independent financial advice, which can help you in other areas of your life.
  5. Prompt Response – When making an online enquiry, you should receive a prompt response, and the absence of this should be enough to continue your search by looking elsewhere. The ideal mortgage broker would typically respond to an online query within a few minutes, and with their expert staff, any questions you might have will soon be answered.

If you have an experienced mortgage broker in your corner, finding the right home loan is much easier, and with a free to use service, the borrower can find the right mortgage that ticks all of the boxes.

Tips To Save Money and Get Out of Debt Fast

Save Money and Get Out of Debt Fast

Debt is a way of life for a majority of people at one point in their life or another. The main debts that many people owe are student loans, credit card bills, and mortgages. All of these debts differ immensely when it comes to interest rates and terms to pay the balance off. Saving money on a monthly basis will allow you to work your way out of debt rather than living paycheck to paycheck. Simple tweaks in habits can make a huge difference as it is a misconception that you will have to change everything just to save a little extra money a month.

Skip Going Out To Eat

The amount of money that is wasted by going out to eat is immense. The same meal could cost 10 percent of what you are paying to have someone else prepare it for you. Reducing the amount of meals eaten out can make a huge impact on the budget especially for a large family. Planning meals has to be done so there is not a scramble trying to figure out what is going to be for dinner. You can save some money on groceries by using a Sams Club coupon code from Groupon. The quality of the food that you buy can go up as well as you will be saving money from not dining out. If you are going to go out to eat make sure it is during a special like that of the popular Taco Tuesday that is a staple of nearly every establishment that serves tacos.

Quit Smoking and Drinking

The amount of money that is spent on alcohol and cigarettes is astounding. For a heavy smoker who smokes a pack a day this can come out to $50 a week and $100 if you live in a place like New York City where taxes on tobacco are high. Depending on the type of alcohol that you drink this can add up quite quickly. A 12 pack of craft beer can cost up to $20 so even having two beers a night can end up costing you close to $100 a month. The fact that many people make bad financial decisions while drinking makes giving up drinking the best idea if you want to save money.

Look Into Cheaper Options For Insurance

There seems to be insurance for everything from the home to your vehicles. Most people do not shop around for insurance as they simply use the company that their parents had used. The fact is that independent insurance agents can sell policies from a variety of insurance companies. Agents that work directly with an insurance company can only offer you packages from one company thus not guaranteeing the best protection for the best price. The only drawback is that many companies offer customer loyalty discounts which can drop prices lower than an independent agent could sell it for.

Get Rid of Your Cable

The need for cable is waning as there are a plethora of streaming services that cost a fraction of what a basic cable bill comes out to. Many people have their services bundled so this might be cause for an increase in telephone or internet charges. This increase usually is only a few dollars and you can be saving over $100 a month depending on what quality of cable you have. One issue that arises is that of watching sports but with live streams this no longer is an issue. Most NFL games can be found online and put on your TV by using an HDMI cord. Streaming services like Hulu have games available to watch on a weekly basis.

Getting out of debt is as simple as saving as much money as possible and putting it towards the unpaid balances. Do not accrue any types of late fees and work on refinancing a debt for a lower interest rate if this is an option. Take your debt seriously and be proactive about getting rid of it!

RRSP and Every Related Term – The A to Z

RRSP

You can’t work forever, so it is essential to save for your retirement years. It is also important to save for other momentous life events like your child going to university or college. Depending on your savings objectives there are a number of saving plans you can use such as an RRSP, TFSA and RESP.  Here is a guide to some of the popular savings accounts in Canada.

What is a RRSP?

An RRSP is a registered retirement savings plan. This is a personal savings account with special tax benefits. Under this plan, your contributions are tax deductible up to your contribution limit. Your investments are also able to grow tax-free while inside the plan. RRSPs also give you another tax advantage. When you do pay taxes on your investments, they will likely be taxed at a relatively low rate since you are likely to withdraw the bulk of the cash when you are retired and presumably in a lower tax bracket.

What is a TFSA?

A TFSA is a tax-free savings account. You can put aside money in a TFSA so that it grows tax-free inside the account. You can withdraw this money at any point in the future. TFSAs are great ways to create an emergency fund and supplement your retirement savings.

What is an RESP?

RESP stands for registered education savings plan. For many people, paying for their children’s post-secondary education is a primary concern. An RESP allows parents, grandparents and friends to contribute towards building a fund for a child’s education. The contributions are not tax deductible, but the interest earned on the contributions inside the plan is not taxed until it is paid to the student and is taxed to the student.

How to pick the perfect plan?

An RRSP is an important retirement savings vehicle. It is also a good way to invest tax refunds especially if you want to use the money to buy a home. TFSAs are good tools for short-term and long-term savings. It is more liquid than an RRSP and allows you to invest in a range of investments tax-free. If you have children or grandchildren dependent on you for their education, opening up an RESP is a must. This account can be started even while your child is still in diapers, so long as there student has a Social Insurance Number.

How to get started

The first step is to do your homework and look into the various options available. Now, you may read a lot of information online and in magazines but this won’t make you an expert. That is why it’s important to talk to a financial advisor. An advisor can help you understand the pros and cons of each plan and determine which one is best suited to you. That’s not all. Your advisor will also help you complete the formalities and necessary paperwork. Once your investments have been made, an advisor can help you review your portfolio regularly.

This post contains sponsored links from Sun Life Financial.

4 Tips To Help You Get The Best Experience From A Healthcare Recruitment Agency

healthcare job

One of the easiest ways to save yourself from the hassles of a healthcare job search is to approach a good recruitment agency. Provide them the details of your education, work experience, and expectations, and they will work to ensure that you get hired by a good company. Below, we look at four tips that can help you get the best experience from these agencies.

Commitment

It is human nature to see someone who commits to something as having good character, and as being trustworthy. This is true at recruitment agencies too. If you show the agency that you are committed to them and believe in their expertise to find you a good job, then it is very likely that the agency will work hard to ensure that they do place you in an excellent post. So, when dealing with the agency, always be prompt with your answers. And if an agency suggests some improvement, say your hairstyle, then try to implement it as soon as possible.

Have CV Ready

Always have your Curriculum Vitae (CV) ready in multiple formats so that you can hand it over to the agency whenever the need arises. If you are unable to send the CV immediately, then the agency might see it as a negative. And in the worst case scenario, the agency might end up accepting another application and promoting that individual just because you failed to submit your CV on time. Ideally, you should have the CV ready in word format and as a PDF. And when asked for it, forward both the formats to the agency.   

Meet Personally

Ensure that you meet with the agency representative face to face. While sending CV is one thing, relying on it to create an impression on their minds is foolhardy. After all, the agency will only go through a written description of you and will never know your true personality until and unless they meet you. This is why it is necessary to set up a meeting with the agency as soon as you send them your CV. And be sure to impress them with your knowledge and wisdom about the niche you are working in. This will considerably boost your chances of getting a good job through the agency.  

Provide Interview Feedback

Not every interview recommended by the agency is going to be successful. There will be many interviews where you will spend hours and still will not be hired. However, the main thing to remember is to report to the agency as soon as the interview is finished. Tell them about how the interview went, whether the interviewer was rude or decent, whether you think the interview was a success, and so on. This will not only help the agency do better as a recruiter, but will also create a good impression in their minds about you.  

Check out PrincipalPeople.co.uk in case you are looking for a trusted healthcare recruitment agency that can help you find your dream job.

5 Things You Need to Change About Your Finances in the Next Year

As 2018 draws ever closer, you’re probably going to start thinking about your resolutions for the next year. Some of these should undoubtedly focus on your personal finances and how that situation can be made healthier and more sustainable for you and those around you. Making positive changes will put you in a much better long-term position so read on find out about 5 of the best changes you should make next year.

  1. Make More Budgets

Making more budgets for you and your family to follow is always a good thing and they should be decided on together with the other people in your household who will be impacted by them. Learn more about budgeting and how you can get it right at investopedia.com/budgeting/basics2.asp. Once you get this right, you will learn to stay within your limitations and avoid problems of overspending in unnecessary things.

  1. Spend More Time Assessing Your Finances

Simply paying more attention to your financial situation and how it can be improved will have an impact on your finances over the next year. That’s why you should start spending a little more time each week on assessing your finances and looking for problems there. You can then take action faster and nip problems in the bud, which has to be a good thing.

  1. Put More Into Your Pension

Your pension is your financial future so you definitely need to put more thought into how you’re going to keep it topped up in the weeks and months ahead. If you allowed yourself to get a little slack with regard to your pension situation, you should make a commitment to putting more into your pension pot in 2018. Doing so could massively transform your financial future for the better.

  1. Negotiate Your Existing Debts

Your debt levels might feel like they’re set in stoke right now but that might not actually be the case for you. There is often room for manoeuvre if you’re willing to ask the right questions of the right people. Places like debtsettlement.co can help you get a more manageable debt settlement that’s easier for you to pay off. Your creditors will be more open to negotiation than you think.

  1. Create an Emergency Fund

It’s always a wise idea to create an emergency fund for you and your family to fall back on when necessary. All kinds of damaging situations can arise if you’re not careful about how prepared you are for financial hardship. Having a strong emergency fund in place will give you the safety net that’s so vital in life these days. It can get you out of all kinds of tricky situations faster than would otherwise be possible.

There is no better time to start thinking about your financial situation than right now. By doing so, you’ll be able to start putting plans in place for how you can change things for the better when the new year rolls around in a couple of weeks time.

Fun Hobbies You Can Pursue Which Will Earn You Extra Cash On The Side

hobbies

We all have at least one hobby to brag about. Whether it’s creative, scientific, indoors or outdoors, there’s something for everyone. What many people don’t know is that they can pocket some cash while doing the things they love. So, if you’re planning on becoming a freelancer or just want to earn extra money alongside university or a full-time job, read on to learn about the best hobbies which will support you financially.

 

Reading/writing

If you’re an avid writer in your spare time, think about turning this into a way to earn some extra dough. There are plenty of online companies which will pay for your content writing abilities, as well as other skills such as, proofreading and editing. If your dream is to become an author, make that dream a reality and make a start on that novel! Also, if you’re a voracious reader, consider doing book reviews in your spare time. For the bookworms out there this sounds like heaven; getting paid to conduct the hobby you love the most! Writing reviews can also be done for any other entertainment mode, for example, movies, TV shows and music festivals.

 

Stock Market

On the contrary, for the number crunchers among us, this is the perfect activity to get into. The stock market can be a volatile place to delve into, especially if you don’t know much about it. However, if you do your research and keep up-to-date in the world of the stock market, you can go a long way and achieve financial gains. The internet is filled with tons of advice and index information about the best stocks to make an investment. For those who like to keep informed about the latest stock figures, check out a stock seasonality screener. Math lovers and dare-devils are sure to thrive by undertaking the stock market in their spare time and earns you money too. Just be prepared to gain and lose!

 

Sports/fitness

Do you sleep and eat football? Is the gym your home-from-home? If so, consider making it a money-making hobby. Become a personal trainer and share your passion for fitness. You could either pop into your local gym and ask if they’re hiring for trainers or go freelance. You could also become a sports coach. If either of these professions is something which you want to pursue, ensure that you check the qualification requirements first.

 

Photography/art

Have you ever considered selling your artwork or turning your photography skills into a way to earn extra dough? What better time to do it than at the start of 2018? Go freelance and create your own website to share your work publicly. Update it regularly with all of your amazing artwork or photos, and soon you could be earning money through donations. Not only is this great for tucking away some cash, but it acts as an online portfolio to show potential future employers for that dream job. If it all gets too much and you need to organise your finances, use online money tools to do the work for you. There are tons of resources online which are there to help!

What To Cut Out When In ‘Survival Saving Mode’

Saving

When it comes to repairing your finances thanks to mistakes made in the past, you may need to adjust your behaviour – at least from a financial perspective. Your finances are never static, it requires a constant observation and planning to keep them above board. Of course, the more you have, the more able you are able to systemize income and take care of it without worry. However, not all of us have that luxury. Sometimes, we find ourselves relatively destitute, and this can put us in ‘survival saving mode.’

We’re not here to list the many ways you can get to this place, or to judge you for it in the least. Almost everyone worries about finances and has difficulty from time to time. What matters is how you approach the situation to correct it without worry. We’re here to help you correct it, by educating you about a prioritizing mindset.

When your finances are very poor, you must take all methods necessary to correct it, lest the problems continue and grow exponentially. To make the most of this, you must cut out the following:

 

Premium ‘Anything’

Paying over the odds for a great quality product is likely not going to be your default course of action from now until the issue is resolved. Savings can occur dramatically this way. From toilet paper to vine tomatoes, choosing the basic or supermarket-own option can help you live relatively the same way but without the ‘best’ mentality that can often waste money. Some items should be cut out completely. Bottled water, sugary drinks and snacks, entertainment and other items are simply not needed.

It sounds overkill, but it’s true. You can entertain yourself for almost nothing these days with books, television and other items. Make humility your default method of living, and you’ll be stunned at how much further your income stretches, and how many payments can be made towards your debt sooner.

 

Spending Before Thought

It’s easy to grab items from a store shelf that you enjoy, purchase it and not worry about the cost. This is a terrible habit to get into. Your budgeting should become an exact science from now on, and not an esoteric art. Using services such as YNAB (You Need A Budget) and repair.credit can give you a positive boost towards your money management perspective.

Thought, reflection and improvement are habits which need applying to your schedule, and will help you make wiser purchasing decisions. Even if your credit is in the toilet, or you’re having a really hard time making funding stretch, you can be sure this will give you the tools and mentality needed to make a start.

 

Vices

We all have vices. We all need vices to a certain extent. They humanize us and can make life a little easier. If you’re in terrible financial standing however, you might need to cut out this reckless spending. This can be a great opportunity to begin your life anew with better habits. It’s difficult we know, but cutting out cigarettes, alcohol at the weekends, deserts, eating out and other indulgences can open your finances up to a massive degree. Every penny counts when you’re trying to meet a debt deadline.

 

With these implements cut out, you’ll find your life has improved, as your humble necessity will make a return. Learn what you can during this process, it will help you with better spending decisions no matter how affluent you become later in life.

 

Things To Know If You’re Low On Dough

Low On Dough

Most households have faced financial difficulties over recent years. As a result of the recession, we’re all a little more protective of our money. And that’s no bad thing. You have more control over your personal finances than you might realize. No matter how much you earn at work, there’s always more you could be doing to make your money go further, whether that involves investing in property or moving your money to a better bank. Here are some things to know if you’re low on dough.

 

Debt doesn’t vanish.

But it’s also not a universally-bad thing. If you’re low on money then it can certainly be hard to pull yourself out of debt but pooling any excess income towards repayments (above all other luxuries) will reduce your debt before interest climbs; additionally, it’ll improve your credit and make it more likely for you to get loans in the future. Of course, before you reach that point, you have to solve your current monetary problems. When it comes to borrowing money, you simply need to plan ahead. If you can afford to make the repayments on time then you should definitely take a loan to help your immediate situation.

Perhaps low credit is preventing you from getting the loan you need but you could check out sites such as personalloan.co that give you a reasonable loan regardless of your credit score. Again, the important thing is that you only take on debt you can afford to repay. Your credit rating is a mark of how trustworthy you are in a financial sense; the better you are at repaying your debts, the more likely you are to get good loans in the future. Additionally, if you’re low on dough, then clearing your debt is the best way to stop your financial situation from spiraling further down the drain. In order to reclaim control of your money, you need to reduce your expenses to nothing more than necessities and debt repayments.

 

 

Cut costs to increase your savings.

You always hear people talking about the importance of savings accounts but you might struggle to save up any money when the entirety of your income goes towards paying the rent and other bills. However, that might just mean that you’re wasting money unnecessarily. There are plenty of ways to cut costs in life and none of them have to involve compromise, believe it or not. Once you start saving more money, you won’t have any excuses not to put it in a savings account, as we’ve discussed before.

For example, reducing your energy bills is a good place to start when cutting costs. If you insulate your walls and double-glaze your windows then you won’t have to use so much energy to warm up your home because the heat will be more effectively trapped. You could hang your clothes to dry rather than wasting energy on a tumble dryer. You could even save money by cycling or walking into town rather than driving. As suggested over at bettermoneyhabits.bankofamerica.com, you need to think of all the aspects of your lifestyle you could change in order to save money and then put those savings into an account for the future.

 

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What Affects Your Credit Score?

Everyone has plenty of reasons to use a credit card; to pay off your phone bill, to keep an account in use for you and a friend, or to improve a score so you can do more with your finance. Going along with that, credit scores are one of the best results of using a credit card. So, using a credit card is often part of daily life, but what kinds of credit can be listed on a credit report? What do they do to your level at the end of a check? Here’s some answers you’ve been looking for.

 

credit score

 

You’re Compared Against Others

If you can handle credit better than other people in your area, you’re more likely to find yourself a loan at a local and national rate. Each country has their own average when it comes to FICO, and being on par or above it is what really matters. We’re not going to know how exactly this is calculated, but it’s a trend many checkers boast about.

 

You Always Need a Few Types of Credit

If you can prove that you have a good history with many different types of credit, people are more likely to lend to you for a variety of reasons, and all at your choosing! Maximizing your credit score is something we’re looking to do for our own reasons, and the best way is to show how responsible you are with the types out there. So what are they?

They can include your mortgage loan and rates, the credit cards you use for retail, and banking cards, and how well you handle your rent. Some can boost your score wildly whilst others are just complementary. On the other hand, it’s not so bad if you can’t handle multiple avenues at once, so don’t panic if you’re thinking that whilst reading this!

Even if you’ve end up going over a limit on a card or two, you can turn to credit card debt consolidation. Using this can be a smart move, as you have all your debt in one place and paid off in installments altogether, making it a lot easier to make your money back. It also shows off your resourcefulness to the people that matter.

 

It Mainly Depends on Payment History

If you’ve paid your bills when you need to, and haven’t delayed any payments or defaulted on them, you’ve got yourself a good credit score immediately. On the other hand, what you owe when it comes to using a credit card (the money you’ve spent that’s stored on there), factors in the other half of the calculation. All in all, if you’re near your maximum spend amount, you’re considered a risk, and your credit score likes to show this off to lenders.

 

Your credit score is affected by a lot of factors. It’s not everything, but you’ve got to be quite disciplined with how you use a credit card to make sure you garner a good score when you need to.

Useful Online Money Tools That Will Save You Time

When it comes to managing your money, time is precious. Nobody wants to waste hours dealing with their finances. You use the internet to do everything from watching TV to online shopping, so why not use it to handle your money as well? Take a look at some of the top online money tools that will help you save time.

online money tools

Budget calculator

A budget calculator is a great way to help you manage your finances. Setting up a budget is a good way to manage your household or business expenses, allowing you to plan for savings, debt reduction and learning to live within your means. Many people fail to stick to a budget because it’s not calculated or recorded properly, but this is something that can easily be resolved by managing your budget online. The BudgetTracker is a free service that helps you to budget your income easily and quickly, saving you not only time, but money too.

Pay stub creators

If you work for yourself, run your own business, or you’re simply prone to losing your pay stub, then using a checker can be the quick and simple way to help you manage your paycheck details. A paystub generator free tool can create you a paystub in minutes, making it easier for you to prove your income. This tool is especially useful for tax periods, helping you manage your returns easily.

Comparison websites

A comparison website is a website that compares the prices and rates of different providers such as insurance or credit card companies, allowing you to get a range of quotes for the things that you need. Not only does this help you to save money by finding the best quote, but it can save you a lot of time from having to look up prices on each individual website. Many companies will offer rewards and incentives through using a comparison website, so take a look at the different offers to help you get the most value.

Online accounting tools

Many people lack confidence with managing their money, and can be put off handling it themselves because it appears time-consuming or complicated. However, the best online accounting tools allow you to manage your money easily, without the need to hire an accountant. Online accounting will save you time and help keep your records in one, easy-to-manage place, making it easy to track your finances and file your tax return at the end of the year.

 

Learning to manage your finances is important, and any tools that you can use to help you do that will help you save time and let you benefit from more accurate reporting. If you need some help staying on top of your accounts, this useful article will tell you all you need to know about banking basics to help you become more money-confident. With a new year just around the corner, get 2018 off to a fresh start by learning to manage your money.