Tag: How

How to Backup iPhone to Computer with #how #to #backup #iphone #to #computer, #how

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How to Backup iPhone to Computer

Download AnyTrans and follow this tutorial to backup your music, photos, contacts and other data from iPhone to computer, no matter on PC or Mac.

Want to learn more about iPhone backup extractor? You can check this tutorial about top best iPhone backup extractors to get several excellent iPhone/iTunes backup. And then go on this guide about how to backup your iPhone to computer with ease.

Your iPhone keeps some very important information like the photos of your kids, your favorite songs you purchased from iTunes, phone numbers of your friends or customers, etc. That’s why backing up data on iPhone is essential in insuring against any accidental damage or loss to your iPhone, like iOS 9 upgrade. factory reset, jailbreak, etc.

How to Backup iPhone to Computer

Similar to computer backup. everyone who owns a mobile device has no excuse for skipping backing up their mobile data regularly. With iOS, you can backup an iPhone via iTunes or iCloud. iCloud stores the data in the cloud, iTunes allows you to backup iPhone to computer. However, you cannot selectively back up iPhone data with iTunes, and Apple doesn’t allow you to view the content in iTunes. So how to backup iPhone to computer selectively and keep the backup data viewable on computer?

In this post, we will show you how to back up your iPhone to computer using the traditional way (with iTunes), and also give you a second choice (backup iPhone with an iTunes alternative ).

Part 1. How to Backup Your iPhone to Computer with iTunes

Step 1. Install the latest iTunes on your computer. Plug in your iPhone to computer and run iTunes.

Step 2. Click the Device button, and under Summary click on Back Up Now. iTunes will start to back up your iPhone.

Step 3. This may take few minutes, click on iTunes Preference Devices to check the backup list. You cannot read or view the content in iTunes backups directly on your computer.

Backup Your iPhone with iTunes

Part 2. How to Backup iPhone to Computer without iTunes

AnyTrans is one professional iPhone to computer transfer tool that you can use to backup specific items instead of all data from iPhone to computer, iTunes and even to another iOS device (no matter iPhone, iPad or iPod). In addition, it also enables you to create iTunes backup and view contents on iTunes backup. Now let’s download AnyTrans and follow the simple steps to backup your iPhone.

Step 1. Open AnyTrans > Connect your iPhone to computer > Click “Content to PC/Mac” button.

How to Backup iPhone to Computer – Step 1

Step 2. Choose the contents you want to backup > Select the Export Path > Click on the Right Arrow to start the transfer.

How to Backup iPhone to Computer – Step 2

Within few minutes, AnyTrans will finish the whole backup on your computer. And you can view them later and keep them safe in your computer.

You can also make an iTunes backup with AnyTrans by clicking the Backups option on the homepage, and then clicking the Backup Button to start backing up your iPhone. In addition, AnyTrans also shows you all the iTunes backup files on your computer, and you can select a backup file to view the content like notes, contacts, messages, call history, calendar, etc.

Backup iPhone to Computer with AnyTrans

Does This Work to Backup iPad or iPod touch?

Yes, this guide is exactly the same for all iOS devices, whether how to backup iPad to computer, or how to backup iPod touch to computer. Have a try to back up your iPhone to your computer with AnyTrans.

The Bottom Line

If this post helps you in backing up your iPhone to computer, please share it with more friends. And any problems, welcome to share them in Comments Section below.

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  • Transfer Files from iPhone to Computer – This post helps you to transfer music, videos, books and other files to PC, Mac computer. Read more >>
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How Does E-Trade Work, how much does etrade cost.#How #much #does #etrade #cost

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How Does E-Trade Work?

Based in New York, E-Trade offers online brokerage and wide ranging retail financial services. The NASDAQ-listed company has 30 branches spread across the country. E-Trade uses e-commerce systems and a professional workforce located in branch locations to offer retail financial services to investors. Eligible investors can choose among several types of accounts. The company offers investors free specialist research, charts, real-time quotes and stock screeners.

Account Opening Process

It typically takes less than 15 minutes to open an E-Trade account online. You must be a U.S. citizen or resident and at least 18 years old to be eligible. Fill out an online application form providing the name and address of your employer, address of your current residence, Social Security number and date of birth. According to information published on the E-Trade website, the company reserves the rights to verify your identity information through third parties, and, if necessary, request additional identification documents such as a driver s license. E-Trade sends a confirmation email and login instructions for an approved account.

Account Fees and Initial Deposit Requirements

E-Trade offers investing and trading accounts, retirement and education savings accounts and E-Trade checking accounts. Ordinary investing and trading accounts cost $9.99 to open as of 2014, while Plus Pro Elite investment accounts cost between $7.99 and $9.99. You need a $500 initial deposit to open individual, custodial or joint brokerage accounts as of 2014. Futures trading and forex trading accounts require $10,000 and $2,000 initial deposits, respectively. The E-Trade One Stop Rollover IRA requires a $25,000 minimum deposit, while the other retirement and education savings accounts — that is, rollover, traditional and Roth IRAs — don t require minimum deposits. You only need a $100 initial deposit to open an E-Trade checking account.

Commencing Account Transactions

To begin trading on E-Trade, login to your account and click on the Fund Account tab. Use the drop-down menu to navigate through the funding process. Fund your account using free quick transfer, wire transfer, account transfer or check by mail. Funds for mailed checks are loaded within five days of receiving the check. Funds for free quick transfers are loaded within three days, while funds for wire transfers are loaded the same business day. The account transfer function lets you move cash or investments from other financial institutions. To begin trading, click on the Place Trade tab to access the order entry ticket. Fill out your order type, quantity of shares, stock symbol, price type and term. Submit your order and wait for a trade confirmation message. Download the E-Trade mobile trading app to your phone or tablet and use real-time alerts to monitor your account.





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Car insurance – How to get the best deal – Money Advice Service #how

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Car insurance – How to get the best deal

The cost of car insurance has risen steadily over the last few years. Are you making the most of online comparison sites, best buy articles and insurance brokers? Follow our five simple steps and you could save yourself hundreds of pounds by getting the right car insurance.

1. Lower your risk

Cheap car insurance is not necessarily the best car insurance but there are a number of things you can do to lower your insurance risk and push the price of your car insurance down.

Make your car more secure

Top tip

Call BIBA (0870 950 1790) to get an insurance quote. If you have special circumstances they can help put you in touch with a specialist broker. Always seek more than one quote before you make your final decision.

  • Fit an approved alarm or immobiliser.
  • Park in a garage or driveway if possible
  • Make sure security devices are Thatcham approved.

Drive an average model

  • Choose a make and model from a low insurance group for a lower premium.
  • Insurers prefer popular models which are not as expensive to repair.

Be accurate about your mileage

The lower your annual mileage, the lower your premium.

However, don’t underestimate your mileage as this could invalidate your insurance when making a claim.

Drive safely

  • Prove that you are a low-risk driver – some insurers will give you a discount if you have taken a Pass Plus or advanced driving course. Find out more about Pass Plus on the GOV.UK website
  • Insurance claims or points on your licence will increase your premium.
  • Consider getting a policy which includes an assessment of your driving with telematics (‘black box’ technology). If you can prove you’re a careful driver, this could result in a lower premium.

Add a second driver

  • Smooth out the risk by adding a second, low-risk driver – even if they don’t use the vehicle much. (Adding newly qualified young drivers will increase the premium.)
  • Don’t break the law by pretending the second driver is the main driver.

2. Lower the price

There are a few things you can do which might lower the price of your car insurance.

Insurance Premium Tax rise

The Chancellor announced a rise in Insurance Premium Tax from 10% to 12% in June 2017.

Pay for your car insurance annually, not monthly

  • Check with your insurance company because sometimes you are charged interest if you pay by instalments.
  • You could save up to £125 on a £700 premium by paying annually. (Source: Which?)

Don’t pay for what you don’t need

  • Consider the cover you have under other insurance policies or elsewhere. For example, some bank accounts include car breakdown cover.
  • Sometimes your insurer or broker might try to sell you add-ons, like legal expenses cover. You might be able to get these products more cheaply elsewhere, or you might not need them at all.

Considering buying breakdown cover separately

  • If breakdown cover is included in your car insurance, check the price and the level of cover – you mightfind better cover for the same price or less elsewhere.

Protect or increase your no claims bonus

  • When changing insurers, make sure you can carry over your no-claims bonus.
  • Consider paying an extra premium to protect your no claims bonus, if you haven’t claimed for five years or more.

Think about adding a voluntary excess to your car insurance

  • Add a voluntary excess to your compulsory excess to lower your premium.
  • Remember you’ll get less back if you make a claim (after both voluntary and compulsory excesses have been deducted) so you need to be able to afford it.

Imagine you reverse into a bollard and do £300 worth of damage to your car.

If your excess is £150, then your payout would be £150. But if you claim, you’ll lose your no claims bonus and push up the price of your premium.

Are you likely to claim?

If not, you might as well increase the excess (providing you can afford to) and pay less for the policy.

Also, remember that unfortunately, even if you don’t claim you do have to tell your insurer that you’ve had an accident and your premium might go up as a result.

3. Shop around

The more time and research you put in to obtaining quotes, the more likely you are to get a better deal.

This is especially important if you’re over 70 or under 25, and at the first year renewal when premiums can go up significantly.

If you have the time, get quotes from at least two comparison sites and use insurers and brokers that don’t feature on comparison sites.

Remember, cheapest is not necessarily best. Get the right cover or your policy will not pay out when you need it.

Compare like for like – if you’re only looking for fully comprehensive deals, you can use the Defaqto comparison system.

Try a broker to see if they can get the same cover at a lower price – it’s free to ask.

Don’t have much time?

Use best buy tables to compare policies from a few reputable insurers.

Under 25?

4. Check the policy

Read the Key Facts and Policy Wording documents.

Otherwise, you won’t know if you’re getting the right cover.

If you’re renewing a policy with the same insurer, it’s up to you to check if the terms and conditions have changed.

5. Ask for a discount

Go back to your current insurer and ask them to beat your best quote.

Did you find this guide helpful?





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How to start a vending machine franchise: Starting a business advice and business ideas

#vending machine business

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How to start a vending machine franchise

Vending machines are pretty much part of our everyday lives. Drinks, snacks and all manner of personal goods are dispensed into our waiting grasp at the push of a button. But just because this process involves no human interaction doesn t mean the machine did it all by itself.

A vending franchise is the means to this end and it often proves to be a surprisingly varied career opportunity.

What is it?

The world of vending machine franchises is not large but considering the products on offer, it is significant. Unusually among franchises there are a number that can be run on a part time basis as well as full time so you can largely choose your hours. Although be aware this is not the case with all.

Drinkmaster largely does what it says on the franchise. It provides machine dispensed coffee, tea, chocolate and soft drinks as well as soft drinks like orange, blackcurrant and so on.

The franchisee s job is to promote the brand to potential customers throughout a designated territory, deliver products and provide customer care. And although it is their job to grow the territory, they have an existing client base from day one.

SSL International is the parent company of Durex vending, which services mainly pubs with condom vending machines. Unlike the others this is only a fulltime franchise but you make your own appointments so is therefore still flexible in terms of hours.

Some technical aptitude is required for the work as you are required to service machines as well as re-stock and collect money. But to really grow the business, you will also need to find new business so a good way with people is also a helpful attribute.

A Vendor supplies bottled Evian and Volvic flavoured water to any public space that might provide a marketplace: schools, leisure centres and so on. This is really a part time franchise at least to start with 10 machines can be serviced in one day. It is ideally suited to people who want an extra income.

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How to Start Investing in Stocks with Only $1, 000 #cheap #business #cards

#investing in stocks

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Start Investing With Only $1,000

So you have a $1,000 set aside, and you’re ready to enter the world of stock investing. But before you jump head first into the world of stocks and bonds, there are a few things you need to consider. One of the biggest considerations for investors with a minimal amount of funds is not only what to invest in but also how to go about investing. Not long into your investment journey you may find yourself bombarded with minimum deposit restrictions, commissions and the need for diversification, among a myriad of other considerations. In this article, we’ll walk you through getting started as an investor and show you how to maximize your returns by minimizing your costs.

More from Investopedia:

What are the account minimums?
To the inexperienced investor, investing may seem simple enough – all you need to do is go to a brokerage firm and open up an account, right? What you may not know, however, is that all financial institutions have minimum deposit requirements. In other words, they won’t accept your account application unless you deposit a certain amount of money. With a sum as small as $1,000, some firms won’t allow you to open an account.

Stocks
Stock brokers come in two flavors: full-service and discount. As the name implies, a full-service broker provides much more in the way of service, but it only deals with higher net worth clients. It’s not unusual to see minimum account sizes of $50,000 and up at full-service brokerages.

This leaves the $1,000-investor with the option of a discount broker. Discount brokers have considerably lower fees, but don’t expect much in the way of hand-holding. Fees are low because you are in charge of all investment decisions � you can’t call up and ask for investment advice. With $1,000, you are right on the cusp in terms of the minimum deposit. There will be some discount brokers that will take you and others that won’t. You’ll have to shop around.

You also could purchase shares directly from a company through direct stock purchase plans (DSPPs). But some of these plans have a minimum investment amount restriction, which ranges between $100 and $500.

With the advent of online trading, there are a number of discount brokers with no (or very low) minimum deposit restrictions. One of the most popular online trading sites is ShareBuilder. You will, however, be faced with other restrictions and see higher fees for certain types of trades. This is something an investor with a $1,000 starting balance should take into account if he or she wants to invest in stocks.

Mutual Funds and Bonds
If mutual funds or bonds are investments you would like to make, it is simpler in terms of minimum deposit amounts. Both of these can be purchased through brokerage firms, where similar deposit rules apply as stocks. Mutual funds also can be purchased through your local bank, often for less than $1,000 when you have an existing relationship with the bank.

If you want to purchase government bonds, this can be done straight from the government through TreasuryDirect. The only restriction here is the minimum purchase amount of a bond, which can range from $100 to $1,000.

Learn the Costs of Investing

Commissions
Before you open an investment account, you must also consider the costs that you will incur from purchasing investments once the account is open. In most cases, every time you purchase an investment, it will cost you money (through commissions). With a limited amount of funds, these transaction fees can really put a dent on your $1,000.

Investing in stocks can be very costly if you trade constantly, especially with a minimum amount of money available to invest. Every time that you trade stock, either buying or selling, you will incur a trading fee. Trading fees range from the low end of $10 per trade, but can be as high as $30 for some discount brokers. Remember, a trade is an order to purchase shares in one company – if you want to purchase five different stocks at the same time, this is seen as five separate trades and you will be charged for each one.

Now, imagine that you decide to buy the stocks of those five companies with your $1,000. To do this you will incur $50 in trading costs, which is equivalent to 5% of your $1,000. If you were to fully invest the $1,000, your account would be reduced to $950 after trading costs. This represents a 5% loss, before you investments even have a chance to earn a cent!

If you were to sell these five stocks, you would once again incur the costs of the trades, which would be another $50. To make the round trip (buying and selling) on these five stocks it would cost you $100, or 10% of your initial deposit amount of $1,000. If your investments don’t earn enough to cover this, you have lost money by just entering and exiting positions.

Mutual Fund Fees
There are many fees an investor will incur when investing in mutual funds. One of the most important fees to focus on is the management expense ratio (MER), which is charged by the management team each year based on the amount of assets in the fund. The higher the MER, the worse it is for the fund’s investors. It doesn’t end there: you’ll also see a number of sales charges called “loads” when you buy mutual funds.

In terms of the beginning investor, the mutual fund fees are actually an advantage relative to the commissions on stocks. The reason for this is that the fees are the same regardless of the amount you invest. So, as long as you have the minimum requirement to open an account, you can invest as little as $50 or $100 per month in a mutual fund. The term for this is called dollar cost averaging (DCA), and it can be a great way to start investing.

Reduce risk with Diversification
Diversification is considered to be the only free lunch in investing. (If you are new to this concept, check out Introduction To Diversification, The Importance Of Diversification and A Guide To Portfolio Construction.) In a nutshell, by investing in a range of assets, you reduce the risk of one investment’s performance severely hurting the return of your overall investment. You could think of it as financial jargon for “don’t put all of your eggs in one basket”.

In terms of diversification, the greatest amount of difficulty in doing this will come from investments in stocks. This was illustrated in the commissions section of the article, where we discussed how the costs of investing in a large number of stocks can be detrimental to the portfolio. With a $1,000 deposit, it is nearly impossible to have a well-diversified portfolio, so be aware that you may need to invest in one or two companies (at the most) to begin with. This will increase your risk.

This is where the major benefit of mutual funds comes into focus. Mutual funds tend to have a large number of stocks and other investments within the fund, which makes the fund more diversified than a single stock.

A Small Step Toward a Large Future
It is possible to invest if you are just starting out with a small amount of money. It’s more complicated than just selecting the right investment (a feat that is difficult enough in itself) and you have to be aware of the restrictions that you face as a new investor.

You’ll have to do your homework to find the minimum deposit requirements and then compare the commissions to other brokers. Chances are you won’t be able to cost-effectively buy individual stocks and still be diversified with a small amount of money. Given these restrictions, it’s probably worth starting out on your investment journey with mutual funds. However, like all aspects of investing, it’s up to you to do the research and figure out the strategy that suits you best.

by Chad Langager

Chad Langager is the Senior Financial Editor for Investopedia.com. Chad graduated from the University of Alberta Business School with a degree in finance.

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How to Create an Excellent Business Plan #green #business

#business plan

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How to Create an Excellent Business Plan

See how to craft the 3 most important parts of a business plan: the financial plan, the marketing projections and the executive summary. Before that, you must understand the concept of the plan.

A business plan is a management tool that acts like a guide when you need to plan a new venture, a market action or even expand your business. With a business plan in hand, an entrepreneur is able to better understand the situation they’re in, and will be able to determine which strategies to adopt in which moments, primarily when planning out their future actions.

Where to start?

To start out with, there aren’t any rules that should be strictly followed when creating a business plan and the entrepreneur shouldn’t be worried about failing or succeeding. The starting point should be defining your venture. The clearer the foundation, the easier it’ll be to continue the work you just started.

In general, a business plan comes with the following structure:

  • Details of the venture
  • Business sector
  • Products or services to be offered
  • Target audience or potential consumer market
  • Capital required
  • Monthly revenue estimates
  • Forecast of how long it’ll be before the invested capital can be returned
  • Partners and entrepreneurs involved, their positions, and a description of their respective jobs

Business Plan and Business Model

A lot of entrepreneurs have a hard time understanding the difference between a business plan and a business model. To a lot of people, these two documents look like the same thing. However, they are fundamentally different. The business model is an objective document that aims to present a thorough analysis of a company’s concept, so as to evaluate the very idea’s viability.

The business plan, on the other hand, is a more elaborate document that comprises all the information, calculations, and analyses that demonstrate the business’ viability. It should include the steps involved and the investment required to set up the company – alongside expenses, revenue, and return on investment forecasts. The business plan is important because it’s the document that can be given to potential investors.

Both documents should be drawn up harmoniously and should reflect the same strategic planning, seeing as the information contained in one will directly influence the other.

Financial Planning

Financial planning is another important point. With it, you can determine the expenses and investments involved in setting up and then keeping the business operational. You should also establish the working capital and where this capital will come from – you or a loan. In the financial plan, you should also include the profitability and the sales forecast, as well as the cost of production up until sale. These are indispensable to a business plan. They illustrate the financial situation of the future company.

Marketing Projections

One of the most important parts of the business plan is the marketing projections, because is in this section of the plan that you are going to show which ways your business will follow and how you ll manage to do that. For that to happen is important to have real data about you industry and is even better when you already have experimentations about sales and revenues per channel that you ll use.

If you want to make an excellent business plan, define the marketing and advertising strategy you intend to use. Evaluate your costs, which communication channels were chosen, and the return on each one.

Executive Summary

The third most important part is the executive summary. I suggest that you make an effort to fit this entire section in just one page. The thing here is that you want to keep the attention of the reader on the business plan and make him eager to read and analyse the rest, so be succinct as possible.

Temporal Horizon

The financial projection should cover a period of about 3 years. Beyond that point, it can be complicated to make realistic projections, especially in today’s rapidly changing market. If you’re in need of third-party investment, it might be necessary to create a plan with a larger temporal horizon (should the bank request it, for example). Even if the financial resources are coming out of your pocket, it’s still important to establish an initial strategy in order to make sure that the business functions properly and pays off your initial investment.

This post was written to present the reader with the basic concepts of a business plan. However, it’s important to remember that good ideas and a team that understands the business sector are essential to the success of your investment.

Este post também está disponível em: Portuguese (Brazil)

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How to Write a Business Proposal: 13 Steps (with Pictures) #business #partnership

#business proposal

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How to Write a Business Proposal

How can I write a proposal for maintenance for air conditioning systems?

Answered by wikiHow Contributor

  • State the problem and tell whoever you are writing to about why the A/C system needs maintenance, Then state your proposed solution to the problem. After that, double check everything that you wrote down to make sure you like how it looks, then sign your name and you’re done!

How can I produce a business proposal 1000 words specifically looking at the communication process of a chosen organization?

Where can I read a sample Sales Proposal?

A proposal for a rental property for an equine rehab. Brand new 4-5 bedroom house in West Palm with animals including riding horses. How would I write that?

How do I write proposal offering to solve a persistent problem?

How do I write a problem for solving a business proposal?

Video Edit

Tips Edit

Do not overuse similar words.

Check spelling and grammar.

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4 Ways to Get a Doctorate in Theology, how long does it take to

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How to Get a Doctorate in Theology

Theology is the systematic study of religion. Theologians research, analyze and discuss spiritual, philosophical and historical texts. Theological experts develop an understanding of religion, publish written works on tests of religious theories and explain a variety of religious topics.To get a doctorate (a Ph.D/doctor of philosophy degree) in theology, students must complete specialized training and coursework at a university, seminary or school of divinity after completing bachelor and master degree work prior.

Steps Edit

Method One of Four:

Part 1: Learning Prerequisites for Ph.D. Programs Edit

How long does it take to get a doctorate degree

How long does it take to get a doctorate degree

How long does it take to get a doctorate degree

How long does it take to get a doctorate degree

How long does it take to get a doctorate degree

Method Two of Four:

Part 2: Applying to a Doctorate in Theology Program Edit

How long does it take to get a doctorate degree

How long does it take to get a doctorate degree

How long does it take to get a doctorate degree

How long does it take to get a doctorate degree

How long does it take to get a doctorate degree





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6 Tips to Get Approved for a Home Mortgage Loan, how do you get

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6 Tips to Get Approved for a Home Mortgage Loan

Some people don t know the first thing about getting a mortgage loan. They hear reports of dropping interest rates and lower home prices and hastily decide to jump into home ownership. But the process of getting a home loan differs from getting a car loan or renting an apartment, and applicants who don t recognize these key differences are often disappointed when a lender denies their mortgage loan application.

Educating yourself is key, and there are a number of ways to avoid this heartache and disappointment when applying for a mortgage loan.

Getting Your Mortgage Loan Approved

Buying a house is already stressful, and being ill-prepared heightens the anxiety. Why put yourself through this? Learn how to think like a lender and educate yourself on the best ways to get your mortgage loan approved:

1. Know Your Credit Score

It literally takes a few minutes to pull your credit report and order your credit score. But surprisingly, some future home buyers never review their scores and credit history before submitting a home loan application, assuming that their scores are high enough to qualify. And many never consider the possibility of identity theft. However, a low credit score and credit fraud can stop a mortgage application dead in its tracks.

Credit scores and credit activity have a major impact on mortgage approvals. According to the Home Loan Learning Center, a large percentage of lenders require a minimum credit score of 680 (620 for FHA mortgage loans) and if your score falls below 680, lenders can deny your request for a conventional mortgage loan.

In addition to higher credit score requirements, several missed payments, frequent lateness, and other derogatory credit information can stop mortgage approvals. Pay your bills on time, lower your debts, and stay on top of your credit report. Cleaning up your credit history beforehand and fixing errors on your credit report are key to keeping up a good credit score.

2. Save Your Cash

Requirements for getting a mortgage loan often change, and if you are considering applying for a home loan in the near future, be ready to cough up the cash. Walking into a lender s office with zero cash is a quick way to get your home loan application rejected. Mortgage lenders are cautious: Whereas they once approved zero-down mortgage loans, they now require a down payment.

Down payment minimums vary and depend on various factors, such as the type of loan and the lender. Each lender establishes its own criteria for down payments, but on average, you ll need at least a 3.5% down payment. Aim for a higher down payment if you have the means. A 20% down payment not only knocks down your mortgage balance, it also alleviates private mortgage insurance or PMI. Lenders attach this extra insurance to properties without 20% equity, and paying PMI increases the monthly mortgage payment. Get rid of PMI payments and you can enjoy lower, more affordable mortgage payments.

However, down payments aren t the only expense you must worry about. Getting a mortgage also involves closing costs, home inspections, home appraisals, title searches, credit report fees, application fees, and other expenses. Closing costs are roughly 3% to 5% of the mortgage balance paid to your lender before you can seal the deal.

3. Stay at Your Job

I know someone who quit working seven days before she and her husband were to close on their mortgage loan. I have no idea why, and unfortunately, it didn t turn out well for them. They weren t able to close on their new home and they lost out on a great deal.

Sticking with your employer while going through the home buying process is crucial. Any changes to your employment or income status can stop or greatly delay the mortgage process.

Lenders approve your home loan based on the information provided in your application. Taking a lower-paying job or quitting your job to become self-employed throws a wrench in the plans, and lenders must reevaluate your finances to see if you still qualify for the loan.

4. Pay Down Debt and Avoid New Debt

You don t need a zero balance on your credit cards to qualify for a mortgage loan. However, the less you owe your creditors, the better. Your debts determine if you can get a mortgage, as well as how much you can acquire from a lender. Lenders evaluate your debt-to-income ratio before approving the mortgage. If you have a high debt ratio because you re carrying a lot of credit card debt , the lender can turn down your request or offer a lower mortgage. This is because your entire monthly debt payments including the mortgage shouldn t exceed 36% of your gross monthly income. However, paying down your consumer debt before completing an application lowers your debt-to-income ratio and can help you acquire a better mortgage rate.

But even if you re approved for a mortgage with consumer debt, it s important to avoid new debt while going through the mortgage process. Lenders re-check your credit before closing, and if your credit report reveals additional or new debts, this can stop the mortgage closing.

As a rule, avoid any major purchases until after you ve closed on the mortgage loan. This can include financing a new car, purchasing home appliances with your credit card, or cosigning someone s loan.

5. Get Pre-Approved for a Mortgage

Getting pre-approved for a mortgage loan before looking at houses is emotionally and financially responsible. On one hand, you know what you can spend before bidding on properties. And on the other hand, you avoid falling in love with a house that you can t afford.

The pre-approval process is fairly simple: Contact a mortgage lender, submit your financial and personal information, and wait for a response. Pre-approvals include everything from how much you can afford, to the interest rate you ll pay on the loan. The lender prints a pre-approval letter for your records, and funds are available as soon as a seller accepts your bid. Though it s not always that simple, it can be.

6. Know What You Can Afford

I know from personal experience that lenders do pre-approve applicants for more than they can afford. After receiving a pre-approval letter from our lender, my husband and I wondered whether they had read the right tax returns. We appreciated the lender s generosity, but ultimately decided on a home that fit comfortably within our budget.

Don t let lenders dictate how much you should spend on a mortgage loan. Lenders determine pre-approval amounts based on your income and credit report, and they don t factor in how much you spend on daycare, insurance, groceries, or fuel. Rather than purchase a more expensive house because the lender says you can, be smart and keep your housing expense within your means.

Final Word

If you don t meet the qualifications for a mortgage loan, don t get discouraged. Instead, let it be motivation to improve your credit and finances. Many people have risen above credit problems, bankruptcy, foreclosure, and repossession specifically in order to purchase their first house. Just be sure to implement a realistic plan and stick to it.

How long did it take you to realize your dream of home ownership? If you re currently working toward this goal, what steps have you taken?





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Environment for Kids: Solar Energy #how #does #solar #power #help #the #environment

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What is solar power?

The primary source of all energy on planet Earth is from the sun. Solar power is power generated directly from sunlight. Solar power can be used for heat energy or converted into electric energy.

When we use solar power, we don’t use any of the Earth’s resources like coal or oil. This makes solar power a renewable energy source. Solar power is also clean power that doesn’t generate a lot of pollution.

Solar Power for Heat

Solar power can be used for heating up homes and other buildings. Sometimes solar power for heating can be passive. This is when there are no mechanical components used to move the heat around. Passive heating helps to keep houses warm in the winter, to heat up swimming pools, and even makes our car warm when we park it outside (which is nice in the winter, but not so much on a hot summer day).

Active heating is when there are mechanical components to help move the heat around. The sun could be used to heat up water or air that is then pumped around a building to provide even heat in all the rooms.

Solar Power for Electricity

When most of us think of solar power, we think of the solar cells that turn rays of sunshine into electricity. Solar cells are also called photovoltaic cells. The word “photovoltaic” comes from the word “photons”, which are particles that make up sunlight, as well as the word “volts”, which is a measurement of electricity.

Today solar cells are commonly used in small handheld devices like calculators and wrist watches. They are becoming more popular for buildings and homes as they become more efficient. One nice thing about solar cells is that they can be placed on the roof of a building or home, not taking up any extra space.


Solar cells on a house used for making electricity

How do solar cells work?

Solar cells convert the energy of photons from the sun into electricity. When the photon hits the top of the cell, electrons will be attracted to the surface of the cell. This causes a voltage to form between the top and the bottom layers of the cell. When an electric circuit is formed across the top and the bottom of the cell, current will flow, powering electrical equipment.

It takes a lot of solar cells to power a building or a home. In this case, a number of solar cells are connected into a large array of cells that can produce more total energy.

History of Solar Power

The photovoltaic cell was invented in 1954 by researchers at Bell Labs. Since then, solar cells have been used on small items such as calculators. They have also been an important power source for spaceships and satellites.

Starting in the 1990s the government has funded research and offered tax incentives to people using clean and renewable power such as solar energy. Scientists have made advances in the efficiency of the solar cell. Today solar cells are around 5 to 15% efficient, meaning a lot of the energy of the sunlight is wasted. They hope to achieve 30% or better in the future. This will make solar energy a much more economical and viable energy alternative.

Are there any drawbacks to solar power?

Solar power has two major drawbacks. One drawback is that the amount of sunshine in a specific place changes due to the time of day, the weather, and the time of the year. The other drawback is that with current technology it takes a lot of expensive photovoltaic cells to produce a decent amount of electricity.

Fun Facts about Solar Power

  • The world’s largest solar thermal plants are located in the state of California.
  • Many large photovoltaic plants are being built around the world. Some of the largest are located in China, Canada, and the United States (Nevada).
  • If only 4% of the world’s deserts were covered in photovoltaic cells, they could supply all of the world’s electricity.
  • Many people think that as solar panels become more efficient and less expensive they will become a standard feature of new homes and buildings.
  • In 1990 a solar powered aircraft flew across the United States using no fuel.
  • Albert Einstein won a Nobel Prize in 1921 for his research into photovoltaic power.

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