A good balance between debt and income is an important factor for lenders when approving a mortgage application. This also refers to debt-to-income (DTI) ratio, which compares your total debt to your income.
You can calculate it by dividing your monthly debt by your monthly gross income (the result in percentage). Primary Residential Mortgage, Inc. and other mortgage companies in Fort Myers note that lenders use your DTI to determine your ability to handle the payments and the amount of house you can afford.
The Ideal DTI Ratio
If you have a low DTI, lenders will consider you an attractive candidate. Most companies want to see a ratio of 36% or lower. It is also important that no more 28% of your income will go to monthly home loan payments. Some other lenders still accept borrowers with a DTI ratio of 43% (usually the highest). For ratios beyond that, the lender is likely to deny your application, as your recurring expenses are extremely high as compared to your salary.
Lower Your Debt
There are a few ways to lower your DTI, one of which is lowering your monthly debt. You can do this by buying less and saving more. Determine where a significant portion of your income goes each month. If it goes to morning coffee, try to make your own coffee at home. You can also benefit from making dinners at home if you always dine out.
Try to Earn More
Increasing your income is another way, but it’s not easy for some borrowers. You can do it by taking a part-time job, working extra hours, or taking more tasks for an extra pay. You can also take a training course or get a certification to improve your earning potential and marketability. If you are married, you can ask your spouse to take an extra work or return to work (for stay-at-home parents).
Other than lowering your debt-to-income ratio, you should also take other steps to improve your chances of securing a loan. These include improving your credit score, fixing errors in your credit report, and saving more for a bigger down payment.
The Batam Island in Indonesia is expected to account for 20 per cent of the country’s target of 15 million foreign tourists in 2017.
Wisnu Bawa Tarunajaya, assistant deputy for Tourism Human Resource Development, said that Bali would remain as the country’s top destination amongst overseas visitors, with 40 per cent of the target number. Jakarta would account for 30 per cent of the expected tourist count, while other parts of Indonesia would attract the remaining 10 per cent of the target.
Tarunajaya said that those from Australia, China and other ASEAN countries are likely to be make up the population of foreign visitors in Indonesia this year.
In Batam, shopping malls like WOW Getaways with duty-free items are a reason why tourists love to explore the area. Some particularly like the place’s bustling nightlife, and the idea that there are nearby resorts and beaches makes it more attractive.
While it may not be as popular as Bali, Tarunajaya said that Batam would be one of the key areas that will help Indonesia in realising the target number for 2017. In the previous year, the government had aimed to record 4.4 million of foreign tourist arrivals in Bali.
The Ministry of Tourism is believed to be planning the development of alternative tourist attractions in the country, which it sees as a way to stimulate competition in the tourism industry, according to Tarunajaya.
These development projects include the Lake Toba in Sumatra, Tanjung Klayang in Bangka-Belitung province, Thousand Islands in Jakarta, Tanjung Lesung in West Java, Mandalika in Lombok, Labuhan Bajo in Flores, Wakatobi in Sulawesi and Morotai in Maluku.
There is a bright side on Batam being a less popular choice than Bali. It just means tourists can experience a more relaxing holiday or vacation due to fewer people. This is especially good for those that want to avoid crowds and hope to make their trip as worthwhile and stress-free as possible.
Diamonds are forever; you hear this often enough that it becomes true. But much like ill-fated relationships, diamonds don’t last ‘til the end of time.
The Hardest Natural Substance
The only thing that can cut a diamond is another diamond. This is true, but the hardest natural substance on earth isn’t immune to degradation. It can, over time and in certain conditions, deteriorate to graphite – the mineral you’ll find in pencils. A diamond degrades to graphite at high temperature.
Because the hardest natural substance in the world is also made of carbon, it will burn just like coal. Apart from high temperatures, poor handling can also affect the valuable gem.
Dirt from the oil in your fingers can take away a diamond’s brilliance. When it loses its sparkle, your diamond jewelry can lose its appeal. Over time and with enough damage, its value also goes down.
It’s important to maintain the value of your diamond jewelry because it can help you with future financial problems, such as emergency repairs at home. When you retain the brilliance and value of your diamonds, you can use it as collateral to get a substantial loan. A diamond loan service would serve you better than if you were to pawn your diamonds. A loan gives you better terms, which will allow you to reclaim the precious jewelry.
But how do you take care of your diamonds? First, handle your precious jewelry with care. Second, clean it with a degreasing solution, and gently scrub away dirt with soft, clean toothbrush. And third, store your diamond jewelry in individual, fabric-lined packages. You can also wrap your diamonds in soft tissue paper.
Precious jewelry needs proper care. Even the hardest substance on earth needs thoughtful maintenance. When you look after your diamond jewelry, it may just outlive you.
Everyone could use a bit more money in their savings account. In fact, there is no point to being wasteful. It doesn’t help you; it burdens you, and it burdens the environment, as well. Here are some simple tips to make sure you have more money left for your savings every payday.
Mind how you use water
Water is the most important liquid in the world, but there’s still a lot of it so it’s cheap. The problem is, there will come a day when clean water will become rare and expensive. Just watch Waterworld and The Book of Eli. Do your part in saving water. Fix any leaks in your plumbing. In fact, call a plumbing contractor in Denver like Done Plumbing & Heating and have them repair or replace leaky pipes. Instead of setting your sprinklers to automatic, water the garden yourself. Don’t buy or use a dishwasher. Buy rubber work gloves and dishwashing soap and do it manually.
Mind how you use electricity
A dishwasher isn’t just a water-waster; it’s also an energy hog, so wash your dishes manually. Instead of using a clothes dryer, buy a clothesline and air dry your clothes and sheets when the weather permits. Replace all your old light bulbs with LED; LEDs cost more to buy, but they are brighter, last longer, and use only a fraction of the power your old bulbs use. Get rid of old appliances that do not comply with modern energy use standards. Check if your refrigerator doors still seal in the cold air. Have a professional check your home insulation. Poor insulation is one of the most common reasons households spend more on energy.
Sell your car
If you don’t really use your car anyway, just sell it and replace it with a bicycle. If you still need a vehicle, but what you own now is a gas-guzzling SUV or a pony car, sell it and buy a smaller and more fuel-efficient model, like a Mini, a Honda Fit, or a Chevrolet Spark. All of these cars are big enough for a family of four, but they cost a lot less to own. You even save on parking space.
You can also just sell your car and put the money in your savings. Take the bus or train to work, ride your bike, or carpool with friends. It’s so much cheaper and you don’t contribute to the traffic situation.
Don’t buy new clothes
How many sets of clothes do you have? Do you even wear all of them? Get rid of the ones you don’t wear anymore by selling them online or in a garage sale, or donate them. Stick to enough work clothes for one to two weeks, some clothes for home and for going out, some for working out or playing sports, and that’s it.
There are so many ways to save more money if you are only willing to look at how you spend it. Follow this advice and watch your savings grow.
The perfect wedding is a conflation of small details from the centerpiece to the tables to the tents and to other little things that make your big day memorable. Color is a vital element that creates a certain mood for you and your guests. It lightens the ambiance, make the affair intimate and elicit fond memories long after the, I dos.
The Navy, Yellow and Blue Trio
Color creates an experience and sets the tone once guests enter the wedding venue. The combination of navy, yellow and blue is perfect for country summer themes. To pull this off you need attention to detail such as customized invitations that match, monograms and distinct fashion for everyone invited. This preppy theme is relaxed and ideal for outdoors weddings.
Black, Pale Green and White Combo
This trio of colors makes spring wedding themes fabulous. These colors are airy, light and exude confidence and style. The lightness of the hues match well with any design you implement for the venue. Keep the combination from seeming too stark by adding ecru white or cream into the mix. The dusty and natural green luster of the succulents provides you with an opportunity for a greenery-inspired ambiance.
Apres Party and Tent Rental suggests that the little details complete the ambiance and experience. The centerpiece, tables, chairs, tents, china and glassware set the tone for an unforgettable wedding.
Yellow, Gray and Silver
Avoid wedding color and style mistakes by going with a combination of yellow, gray and silver. The combination of these three colors is ideal for fall weddings. To create the perfect looking venue, pair this with clean lines, sleek style details and graphic prints to produce a modern look.
For industrial spaces, select concrete-textured gray accents and for a more glamorous appeal, set the table with silver mercury glass votive.
The colors you choose for your big day enables you to set the tone and mood of the entire evening. Choose the colors based on your venue, weather and theme.
For both professional and aspiring chefs, a fully fitted kitchen is the ultimate dream. If you are into cooking shows, you may have noticed that fitted kitchens are those that are readily equipped with shelves, cupboards, and other essentials. This set up allows the chef to work more efficiently, as everything is within reach. Whether you are a chef in the making or even just a foodie who enjoys prepping your own meals, then you sure want to set up your own fitted kitchen.
There are two options in setting up fitted kitchens in Milton Keynes. Either you DIY (do it yourself) or hire a contractor.
Installing Your Own Kitchen
Installing your own fitted kitchen will help you save on cash. Be warned, though, that this entails a lot of time and effort. A DIY kitchen means choosing and installing the fixtures on your own. You also need to think about the materials for the cabinets, shelves, and countertops.
It would be a great idea to decide on a theme before making any purchases. If you are not confident about your own handyman skills, however, you may want to look at some online resources before deciding to start work on your kitchen.
Choosing Store-Bought Kitchens
Thanks to modern innovations in kitchen technology, you can now find a wide variety of fitted kitchen providers. A store-bought kitchen not only saves you the hassle of fitting each equipment one by one; it also eliminates the need to find a contractor. All you have to do is to go through the catalogue of your local home depot and order the kitchen of your dreams. It truly is as simple as that.
Whether you are starting from scratch or renovating your existing kitchen, you may want to find the type of fitted kitchen that suits your needs and preferences. Working in the kitchen of your dream will surely help enhance your cooking experience.
The housing market in the United Kingdom is on the rise again, and there are now more reasons to sell your home. With the increasing demand, you can sell your property and earn quite a hefty profit. It is not as easy as it sounds, though. You need to have a good understanding of how it works to avoid getting less of what your house is worth.
First-time property sellers, for instance, might feel a little lost on what to do. Those selling for the first time ever are more likely to fall prey to dirty tricks and make costly mistakes. Avoid from getting all too overwhelmed and keep yourself informed.
Keep your eyes peeled and look out for these common but oft-overlooked mistakes:
Overpricing your property
Some first timers tend to overprice their property in an effort to create more wiggle room during negotiation. Doing so, however, makes it difficult to attract more buyers. Remember that people are always on the lookout for properties with a lower asking value. Online estate agents in UK suggest doing a market analysis before determining a reasonable price range for your house.
Hiding major issues
Any major fixes need to be addressed as soon as possible. Hiding it from your potential buyers reflect badly on you as a seller. Besides, buyers are likely to find these faults sooner than later when they inspect your home. Renovate the home before putting it up for sale to increase its value.
Going overboard with home staging
You want to make your home look as excellent as possible when staging. Overdoing it, however, defeats the purpose. You want it to feel as welcoming as possible without the extra frills. A perfectly staged home makes it easier for potential buyers to picture themselves living in the house.
By knowing how to avoid such common mistakes, you can make the most of your sale. It is best to prepare yourself for whatever may happen when selling your home. For good measure, consult reliable estate agents for more insights on current market conditions.
In the construction industry, workers face many distractions every day. The risks linked with distracted work have received serious attention in the past few years. Many companies know it’s a huge problem, yet it may not be possible to completely eliminate distractions.
In 2013, statistics reveal that a total of 4, 405 people experienced work-related fatal injuries, making it a major drain on earnings for several industries. As a business owner, the best thing you can do is to recognize distractions and come up with solutions to minimize them.
Read on to know the common distractions workers encounter and what to do about them.
Lack of Attention
With your endless business projects and hectic schedules, you may not always notice what your workers are up to. Some workplace accidents are due to personal issues and inattention. Some employees tend to bring their worries and stress to work, putting themselves and others in danger. Perhaps they are climbing on a ladder without knowing they don’t have protective equipment, or are mixing hazardous chemicals with their minds wandering somewhere else. To avoid possible injuries, discuss employee problems privately and keep them safe.
Big machines and heavy lifting equipment can be distracting and dangerous. This is the reason workers need to make sure they are at a safe distance from obstructions or fall hazards. A rigging company in Savannah says it’s best to provide your workers a series of safety training programs. This may include fall protection, safety use of rigging products, and crane inspections. Seminars are a great way to let your staff have the right knowledge and skills. Train them to recognize and determine unsafe conditions while working with heavy equipment.
Some workers feel relaxed when they listen to music, while others use it to keep focused and motivated. Though a song can keep them entertained, it may also cause accidents. You can’t prevent them to use headphones, but you can make some safety rules about it. Advise your workers to only listen to music when they are away from the worksite or if it’s not hindering them from finishing tasks involving machines.
As a business owner, the safety of your workers lies in your hands. With the right steps and the help of experts, you can reduce workplace distractions that pose serious risks.
There has been a massive shift in men’s fashion. This shift is towards urban fashion: the style of the streets consisting of items that embody the fun, the roughness, and the in-betweens of city life. Although this trend has become visible in the streets of London, some guys still fail to pull off a look under this style. In effect, they end up making these urban fashion mistakes.
Even before Mark Zuckerberg made this a staple fashion piece, the hoodie has always been the ultimate must-have in your wardrobe. The problem, however, is that many still wear hoodies twice their size. Although some hip-hop icons might disagree, you shouldn’t wear your hoodie like this. Going up a couple of notches in size is wrong, not just in streetwear, but in fashion in general. As with any clothing, the fit must be perfect – there’s no other excuse for that.
Yes, accessories are great for urban fashion, but some people don’t know how to do it right, especially when it comes to headgear. Beanies, for one, are something most men fail to pull off. The secret to looking good with a beanie is to know how to pair it with your hairstyle. The same goes with snapbacks, although your choices are more limited with this one.
Beyond this, it also pays to know the right brands that sell well-designed headgear. For stylish snapbacks and beanies, 5Pointz.co.uk suggests brands, such as Brixton Clothing, 10 Deep, and Crooks and Castles.
One common pitfall in urban fashion is when you try too hard and go overboard with the pieces you wear. Urban fashion, in most cases, should look something quickly thrown together. Over-accessorising ruins the craft and makes it more difficult to dress your best.
As with any trend, the trick to urban fashion is to do it right – and you can do that by avoiding these common mistakes.
Burglaries are the biggest concern of any homeowner, regardless of their status. Thieves do not discriminate between the rich and the poor. More often than not, it is the working class that endures the worst of most attacks, as they are the perfect targets.
The Direct Approach
What can a family do to protect themselves? Burglar alarms are a good start, but they can be pricey, and there are ways to fool them. Homeowners should start with the basics of home protection. Pay more attention to the home’s entry points.
Burglars need to be in and out of the house fast or risk detection and capture by the police. Most of the time, they will try to pick the locks. If that does not work, they will just break down the door.
Technology is making lock picking increasingly difficult, so more criminals are choosing the direct approach. Breaking down a door does not require much power. A running kick to the lock can cause enough force to snap the bolt of a normal door. The job gets easier when the door is lighter.
Homeowners can stop this by making sure their doors are up to the task of withstanding heavy kicks. Renowned UK company joineryforallseasons.co.uk notes that a hardwood door made of solid timber could put up more of a fight against intruders. The effective way of knowing if a door is up to scratch is by knocking.
Cheap doors are mostly veneer sheets over a cardboard core. If a door gives off a hollow sound upon knocking, that means it is weak, and will succumb to break-ins. A simple solution will go a long way in ensuring the house’s security.
The Role of Physics
Another way to prevent home invasion is through physics. Things will always yield towards the path of least resistance. So, instead of installing doors that open inward, install them to open outward. It is nearly impossible to open a door the opposite way when it is unlocked; forcing it open is ten times harder.
Taking away a burglar’s plan leaves them no choice but to abandon the house, leaving all the valuables intact. Homeowners can keep the family safe, without having to spend more than what’s necessary.