Category Archives: Finance and Legal

When is the Right Time to Refinance Your Mortgage?

Man writing Mortgage Refinance with black marker on visual screenHomeowners have various reasons when refinancing their mortgage. It can be to lower the interest rate, to reduce the monthly payment, or to shorten the term of the loan.

You have a lot to think before you decide to go for refinancing. Here are some key points to help you know if it is the right time and option for you to refinance your mortgage.

Interest rates have gone down

Many homeowners in Phoenix, Arizona choose to refinance their mortgage when interest rates are at an all-time low. A lower interest rate can decrease your monthly payment, and consequently, increase your savings.

You want a shorter repayment period

Aside from decreasing your monthly payment, a lower interest rate can also shorten the term of your loan. Say, you want to cut your 30-year mortgage to a term of only 15 years. Refinancing to a lower interest rate can shorten your term in half with only minimal change in your monthly payment.

You want to lower your monthly payment

On the other hand, you may want to lower your monthly payment, even if you cannot reduce your interest rate. You can do this by refinancing your mortgage to a longer term.

You plan to stay in your home for a longer time

If you have plans of moving out after a few years, it may not be a good idea to refinance. Refinancing will cost a small percentage of the mortgage’s principal. If you do not plan to stay in your home for a longer time, the cost of refinancing may negate any potential savings you could generate from a lower interest rate or a shorter term.

Refinancing will only be a smart move for you if it will reduce your mortgage payments or shorten the term of your loan. Carefully assess these points first before you finally decide to go for refinancing.

4 Surprisingly Profitable Investments You Should Try Out

Gold coins and bullionsSmart people are always looking for creative ways to make more money. They know ordinary money-making routes are already flooded, so they would rather choose other less common ventures that yield better returns. If you are like them, the good news is there are lucrative opportunities along the road less taken. Check out these profitable ventures:

Trade in gold coins

There is something about precious metals that excites people. Through time, man’s faith in them has never faded. In fact, Atkinsons Bullion noted that the allure of gold coins is still strong in London as it has ever been. Investing in these coins, therefore, is one of the activities many adept entrepreneurs do over the recent years. It would be wise to do the same.

Invest in preferred stock

If you are an investor looking for monthly or quarterly returns, then investing in preferred stock could be a good idea for you. Preferred stocks trade as both stocks and bonds. Unlike some types of stocks, preferred stocks have limited liquidity risk. Moreover, a trader can sell them at any time without worrying about penalties.

Consider utility stocks

The best thing about utility stocks is their ability to stay stable in price. That means you need not worry about price fluctuations that come with different sectors like technology and entertainment. Typically, utility stocks return a percentage of between two and three above treasury securities.

Invest in fixed annuities

Fixed annuities are an ideal investment if you are planning to save towards your retirement. Fixed annuities allow you to store and grow as much of your money as you want tax-deterrent. The thing to keep in mind is to find a financially stable carrier so you know your money is safe.

There are many opportunities to make money if you take the time to look around. The idea is to be willing to think of out of the box if you want to get the most out of your investments.

Tactics for a Problem-Free Title Loan Repayment

Coins, calculator and contract on a tableWhen it comes to securing a title loan, you should treat it the same way you would your mortgage, car loan, or any other loan. In fact, you need to pay more attention to this type of financial service, seeing as it comes with a higher interest rate than traditional personal loans and a form of short term loan.

This doesn’t mean you should no longer consider it as a viable option when you need to secure cash as soon as possible. With the right tactics, Utah Money Center says that you can repay your title loan in Provo without any problem and even have the chance to improve your credit. Here are three of the most effective strategies that’ll help you pay back what you owe.

1. Only apply once you’ve established the offer is the best for you.

The best offer awaits those who take the time to find them. Unless you do your research and look for a lending institution offering the most reasonable rates, you may find yourself stuck with a title loan contract with considerable interest. Many lenders are offering this type of financial assistance in Provo, so take as much time you can in comparing them.

Make sure the lender has a reputation for transparency. You don’t want to find yourself shocked upon seeing hidden and unexplained exorbitant charges.

2. Secure loans one at a time.

A common mistake many borrowers have made is taking out multiple loans consecutively, usually to pay off a bigger loan. You should avoid this at all costs, as it will only make your financial situation even more difficult. If you need cash as soon as possible, then consider applying for a car title loan and only this. Once you’ve paid it off, and you still need cash, then look for other alternatives.

As you can see, you don’t have to fear title loans, if you practice proper borrowing habits.

Accountant Computing on a Calculator While Taking Down Notes

Accounting Automation: Why Automation Benefits The Workforce

Accountant Computing on a Calculator While Taking Down NotesRecently, though there has been some pushback regarding software automation due to fears of losing jobs. However, automation has actually opened up new opportunities by eliminating repetitive, time-consuming work. It is a cost-effective solution that saves thousands of dollars each year.

ScaleFactor, Inc., an accounting software developer in Austin, Texas, states that automated accounting can save as much as $37,000 a year compared to hiring a full-time bookkeeper. Indeed, the finance sector is one of the areas where automation has the greatest impact.

A Capacity Boost

Automation undoubtedly frees up valuable time and work, eliminating some of the most tedious aspects of a job. Bankers, for example, have been switching to automated processes, increasing their capacity by as much as 30%.

Despite fears of downsizing their workforce, these bankers actually manage to maintain them, allowing their staff to focus on higher-value work instead. Instead of spending hours doing the bookkeeping, they work on completing research, brainstorming, and improving client relationships.

Automation Has Proven to be Beneficial

Along with the improved capacity of banks, automation has proven to be beneficial in the past too. One example is the typists of the 1950s to 1970s. Offices would have large rooms dedicated only to typing and making copies, employing primarily women who were good with a typewriter. Eventually, automation, in the form of copy machines, fax machines and eventually the computer, eliminated the need for these large typing pools.

While some people argued that it took jobs away from the women, the truth is that the female labor force increased during this same time period. By the 1970s, female workers increased from 20 million to 75 million.

While the rise of feminism and a greater push for workplace equality was one factor in these increased number of working women, automation has a hand in this. Women can now focus on higher quality work, giving them a more diverse set of skills to use in the workplace.

Automation is therefore a useful tool in increasing a workforce’s capacity. Though it eliminates some old jobs, it opens up new opportunities. 

Four Reasons to Refinance Your Mortgage

A couple speaking with a financial adviserAccording to a recent survey, half of American families are living from paycheck to paycheck, struggling to increase their monthly savings. Only the top 5% of U.S. Households have additional income to match the rising housing cost since 1975. More people are considering to refinance their mortgages in Fort Myers to minimize their expenses and increase their savings. Here are four reasons why you should refinance your mortgage.

Shorten Your Loan Term

Refinancing can help you shorten the term of your loan. Currently, interest rates are at their record low, and this is the opportunity to have your loan recalculated to a shorter payment schedule with a much lower interest rate. A mortgage calculator may come in handy to see your new payment scheme.

Lower Interest Rates, Increased Savings

A 30-year mortgage is above 3% while 15-year loans may even yield a lower rate. Refinancing your mortgage in Fort Myers may help you get a lower interest rate and reduce your payments. This would also help you increase your monthly savings that you can invest or spend on other things.

Fixed-Rate Loans

Take advantage of the current low-interest rates and apply for a fixed-rate loan if you don’t have one. This could protect you in case the interest rates increase or change in the coming years.

Cash-Out Home Equity

This might be a good financial move to use refinancing to cash out your home equity. Depending on your situation, you can use this to start a new business or investment, given that you can responsibly manage your debts.

More Financial Flexibility

The current low-interest rates in the US economy is a good opportunity to refinance your mortgages. This can help you have more financial flexibility and even have more savings.

Ways to Start Saving on Water Today

Water billEven if you live in an area where the water supply is abundant, it is still crucial to find the means to save on this important resource. To begin with, saving water helps keep your utility bills low. Additionally, you get to conserve the environment.

These simple water-saving ideas will have a big impact on your wallet and surrounding both now and in the long run.

Drill a well

You will save significantly on your water bills by drilling a well on your yard. Talk to an expert on water installation firms in Park City such as Exterra Drilling Services to give you an estimate on how much doing so will cost you.

A well is a constant source of clean, affordable water for your domestic use and for watering your landscape.

Make use of a dishwasher

Contrary to what most people think, using a dishwasher can help save more water than washing utensils by hand. Just make sure you only run your dishwasher when full to avoid using excessive water.

Take care of leaks

The water wasted due to leaky pipes and toilets can be jaw dropping. A toilet that is leaking can waste hundreds of gallons of water per day, while a leaky faucet will make you pay for thousands of gallons of water you never used every year. Regularly inspect your plumbing system and promptly repair any leaks.

Recycle water

All your cooking water and water from your shower can be for watering your plants. This reduces the need to use clean water in your garden, hence significantly saving on water each year.

Add mulch to your garden

A layer of mulch can greatly reduce the amount of water evaporation in your garden, which is a clever way to make the soil retain water for longer. As a result, you keep the frequency of your watering down and cut on your water expenses.

There is something you can do to keep your utility bills low, which is a good thing for your bank account. Take the time to identify new ways to start saving on water without necessarily affecting your comfort levels.

What You Need to Know About the Community Health Center Financial Crisis

Improved Financial ProcessIn the latest news, federally qualified health centers have benefited from the Affordable Care Act. They were able to receive temporary funding. Community health centers have a different story, however. These health centers, according to study, are experiencing continued problems with their financial processes.

Problems Left and Right

You may be working in a community health center yourself, and you may have noticed the increase in patient volumes in the health center. Every other community health center is experiencing this, and they are having a difficult time catching up. Other problems of community health centers are unstable revenue cycle streams for healthcare, inadequate staffing, as well as limited funds for the implementation of alternative payment schemes.

Prediction vs. Reality

The patient volume increase may be traced to the fact that many community health centers are not only treating the uninsured but also the insured. The mentioned study showed that the number of insured and uninsured patients did not decrease as predicted under the Affordable Care Act. In fact, the number of insured patients at community health centers skyrocketed by 35% from 2010 to 2014.

What You Can Do

Of course, funding will be needed to remedy the issues hounding community health centers. For the meantime, however, you and your healthcare center may be able to enhance the financial processes with the available resources that you have right now. Rev-Ignition recommends consulting with professionals who know about revenue cycle management solutions.

Improve Financial Processes

Other things you can do is investing in an online medical billing tool. This can help the center by ensuring that as much people pay their hospital bills. Payment will become much more accessible and flexible as well. In addition, you can also pinpoint patients who are most likely to pay their bills.

You can improve your center’s revenue cycle management further under the guidance of professionals in the field. With the improvement, you may yet be able to patch up some of the cracks that the ACA has wrought in community health centers.

When You are Out of Budget: Online Marketing Can Help

Online Marketing in BrisbaneMarketing your company can take a whole chunk of your budget when you are just starting in business. You have a myriad of competition that has long established themselves in the game. Breaking into the market requires the proper introduction of your brand to you target audience. When you do not have the money for ads on television or print, it can be difficult to reach your intended market.

Hiring marketing companies in Brisbane can help give you that edge even when you are starting. These experts may tell you that the future of marketing may not even involve traditional media. With more and more people spending most of their time online, this is a free platform for you to get your name out there. Here are some low-cost ways you can reach out to your audience online.

Be Social Network Savvy

In the age of memes and viral marketing, finding a way to reach hundreds of people at once has become easier. All you need to do is create relatable content that people can easily associate themselves with. Whether your attack is through humour or through fact-sharing, the content you make can easily make rounds online. Learn how to create powerful content that goes well with your brand and you are sure to make a great impression.

Video Blogging

Most people these days look to video streaming websites for answers to almost anything they need. When they need to learn how to do things or simply know more about a topic, video content has become the go-to source of information. Creating video content for your business can help people better understand your company and establish a connection.

The quality of content should be the top priority when you plan on going for the online marketing route. It may cost less to produce but people are always looking into quality before trusting any business.

Boost the Effectiveness of Display Ads with These Ideas

Effectiveness of Display AdsCertain cases indicate that display ads have an abysmal performance when measuring conversion and click-through rates. The common approach when using this type of advertising is disrupting or distracting the activity of a user, in the hopes of a click. This strategy is ineffective and may even turn visitors off even more. Despite the unfavourable odds of conversion, certain practices will allow you to improve the percentage to your favour.

Perceived Value

Singtel advertising, a.k.a. Singtel Media cites that paying attention to ads must provide its viewer with value. What is the display ad giving your visitors? Does viewing the advert provide more information or anything in return? The answer to these questions enables you to craft displays that reach your target audience and boost conversion rates.

Language Matters

Does the ad speak in the language your target audience responds to? With display ads, you have the chance to segment your market depending on their demographics. Use this granularity to your advantage with the right words that resonate with a corresponding potential customer. A ‘one-size-fits-all’ approach will only hurt your campaign and yields little to no results for your advertisers.


Forms on a display ad provide an excellent opportunity to entice a viewer to fill them out or engage them further. Interactive adverts are increasing in popularity among advertisers. If you want to incorporate this into your campaign, make sure that interactivity is real rather than faking one, just to boost click-through rates.

Emotional Core

People are emotional, sometimes irrationally so, and in some cases, make decisions based on what they feel. Use this as leverage, when it comes to creating and publishing display adverts. The four basic emotions that elicit responses are disgust, sadness, anger, happiness and surprise. People respond to these in varying ways and degrees, but most take action once they feel these.

These elements provide you with the opportunity to improve the chances of converting a visitor or at least boost click-through rates.

The SR22 Insurance Requirement: Fast Facts

SR22 Insurance Requirement In Tennessee If you’re a driver that practices safe and responsible driving, you probably won’t need to obtain an SR22. In the unfortunate event that you’ll ever have to get one, however, below are some fast facts for easy reference.

  • What Exactly is the SR22? It’s a requirement for drivers who need to maintain or reinstate their driving privileges following specific traffic offenses. It’s called the Certificate of Financial Responsibility in some states. It’s not a kind of auto insurance. It’s a document verifying that you have an active car insurance coverage that satisfies the liability requirements in your state, explains
  • Where Can I Obtain the SR22? You have to get one from a provider of auto insurance that’s approved by the state. In addition, a car insurance provider in Tennessee states that even if you already have an SR22 in your state, but are planning on moving to another state, you’ll still have to satisfy the requirements in your former state.
  • Is an SR22 Expensive? While the cost differs from one state to another, the cost is roughly between $15 and $25. But keep in mind that you could only get one if you already have auto insurance. Otherwise, you’ll have to get car insurance first and file for an SR22.
  • Will I Need an SR22 For Life? No. In general, you’ll only have to maintain your SR22 for two up to five years, with the specific duration being dependent on the reason you need it in the first place and the state requirements.
  • Can I Just Refrain from Driving Instead of Getting an SR22? Yes, but you’ll still have to get an SR22. Once you go to the DMV following your three-year no-driving vacation, you’ll still have to obtain insurance, with an added SR22 for another three or five years so that you could reinstate your driver’s license. Put simply, there’s no getting around it.

It is likewise crucial to know that depending on your specific violation, once you’re ordered to get the SR22 requirement, your current auto insurance provider might drop you because you’ll be considered an increased risk client. When this occurs, you’ll have to look around for providers willing to cover you.