Is it High Time to Apply for a Home Loan?

When is the perfect time to buy a home? The answer to this question will depend on many variables. For many, it’s a recent wedding celebration that inspires couples to look into “for sale” homes in their dream community. There are also others who simply want to enjoy privacy, and are tired of having to share a home with roommates. Whatever your motivation is, you need to know the basics of home loans processing (including arizona home loans).

Before setting your eyes in mortgage application, here are pointers worth remembering:

  • You need to remember that there is a huge initial investment when you apply for a loan. Although you are applying to borrow cash to purchase your home from a mortgage lender, you will need to cover upfront costs. There are initial payments that you need to take care of before closing. Make sure you have enough financial resources to cover for down payment, processing costs, insurance, and lawyer’s fees to name a few.
  • Banks, credit unions, and mortgage lenders look at an applicant’s income-to-debt ration when before they pre approve a loan. This means that mortgage payments and other debts need to stack up against your income. Most lenders will use the 28/36 rule when approving a loan. The mortgage payments plus insurance should never exceed a homeowner’s 28% pretax income. All other debts should not exceed 36% of pretax monthly income. Once you have met these requirements, your lender will most likely give you preapproval for a loan.

Buying a home is more expensive than you think. Although your mortgage lender will facilitate the purchasing for you, you need to understand that balancing finances is more than identifying your monthly income and expenses. Apart from monthly payments for your mortgage and regular expenses, you need to consider other costs that may arise from getting a home loan approved including homeowner’s insurance payments, HOA fees, renovations, maintenance, and utilities to name a few. Make sure that you are financially ready and able to tackle all these expenses once your mortgage is activated.

Three Italian Food Facts Your Never Knew

There is a mish-mosh of food “facts” out there about different cuisines and much of it is far from the truth. Here are three things you probably never heard when it comes to Italian food.

Garlic bread is not something that is eaten in Italy. This is another one of those American inventions (I remember eating my first garlic bread in one of Italian restaurants Miami). In Italy, bread is served plain since it is meant to be used to eat extra sauce that remains on plates once food has been eaten.

As authentic as it probably sounds, fettucini Alfredo is not something that was invented in Italy. If you head there and you ask for this dish at any restaurant in the country, they will not have any idea what in the world you are talking about.

Oversaucing and spicing heavily is another thing that people falsely associate with Italy. True Italian cuisine relies on subtle flavors and fresh ingredients. Food is allowed to shine since it is not bogged down with excess spices and heavy ladles of sauce.

Now that you have had a bit of a refresher course on Italian cuisine, you will know what to expect if you ever decide to visit Italy (or you can just get some Brickell Italian food).

3 Tips To Help You Select A Garden Fountain

A garden fountain can make your landscaping around your home look great (and you might need tree trimming). To know how to get one, we put together 3 tips for you. It’s a great addition to any home and we’re sure you can find what you need after reading this.

1. A fountain must come from a trusted source, especially if it will be made of expensive materials. Look at reviews for companies and it should become clear who you can trust and who to avoid (I know a tree service but I’m not sure if they supply fountains).

2. We think you should also figure out who is going to deliver the fountain. Will they install it too? If so, what will the cost be on top of what you are paying for the fountain? These things should allow for you to get a better idea of the overall price and process involved with installation.

3. How long is the fountain supposed to last? There are many materials and if something were to be left out in the weather it would eventually break down. Some are going to have problems faster than others, especially if you don’t clean what you get regularly. Wildlife like birds can get debris into the fountain and sitting water can cause mold to appear.

Three Tips To Help You Get A Temporary Resident Permit

Entering Canada can be difficult if you have a record or might be considered as inadmissible for one reason or another. You can still be accepted in the country if you apply for a Temporary Resident Permit. Applying for a TRP should be easy if you follow these three tips.

3. Explain Why You Are Not Admissible

You need to show why you are not admissible in Canada. You should send any relevant court documents with your application. You should also include receipts if you had to pay fines and send any relevant documents if you had to complete any programs after being charged.

2. Explain Why You Need To Get Into Canada

You can obtain a Temporary Resident Permit if you have a good reason to go to Canada. You need to send any relevant documents to explain why you want to visit Canada. You could for instance send your registration confirmation for a conference you want to attend. The reason of your visit does not matter but you need to submit any relevant documents to show that you want to enter Canada for a specific reason.

1. Fill Out The Application Properly

Your application will be processed a lot faster if everything is filled out properly and if you include all the relevant documents that will be needed to proceed your application. You will also need to pay a fee to obtain a permit. Think about getting help from an immigration lawyer to make sure your application is properly filled out.

It is best to submit your application for a Temporary Resident Permit a few months ahead of time. Put together an application that includes all the documents that explain why you are not eligible to enter the country and submit as many documents as possible to show what you will be doing in the country.

The Top 3 Factors that Affect Life Insurance Premiums

Life insurance premium payments can be as affordable or as expensive as you want it to be. It all boils down to how much cover you need, and the other miscellaneous benefits or advantages that you want it to have as well. If you are a high-risk policy owner, you simply can’t take out the first life insurance option that you see. It always pays to invest your time on shopping around to make an informed decision!

  • How much is a life insurance policy?

The monthly premium payments will be determined by the amount or extent of coverage needs. Another factor that affects the amount of payout to your beneficiaries is the likelihood that you will die in the near future. The older you get, the higher the premium payment will be!

Here are a few things that play major roles in the calculation of an insurance policy!

  1. Age

If you purchase an insurance at a young age, you are sure to get lower premium payments. People over the age of 50 will be assessed with higher insurance premiums assuming they are more likely to die soon, or they are already suffering from poor health.

  1. Marital Status

Married individuals are more likely to be assessed of lower premium payments. The household’s income may be divided into two individuals, thus insurers will assume the cover won’t be as much as single policy owners.

  1. Smoking habits or history

Cigarette smokers are always assessed of higher premium payments due to their likelihood of developing illness more than non-smoking individuals!