Category Archives: Home Mortgage
Rent to Own Homes Are a Trendy Option in Today’s Market
With the financial recession setting in, people who want to go in for ownership houses are not able to get loans either due to very high interest rates or due to bad credit rating. Hence, the need for going in for rent to own homes. If you buy the home property by opting for a rent to own method, it helps in easy possession of the homes later. You would not have to rake your brains with the mortgage companies and the Banks.
The concept behind rent to own the property is gaining immense popularity and everyone is opting for this method. The advantage in going for this method is to ensure that you are happy with the neighborhood even before actually buying the property outright. It is advised that you stay in the rented home and see for yourself whether you are comfortable with the house and the surroundings and then give your commitment on purchasing the house. This option is the ideal solution for investors.
Many of us are lucky to have a way out by going in for rent to own homes. If you are a first time investor in the realty market, then it makes sense that you go in for rent to own homes. This method is also adopted for vehicles wherein you first go in for a lease agreement with the company and later during the lease period, you could always buy the vehicle if you are happy and satisfied with the vehicle.
With the increase in the interest rates charged by the Banks, buying ownership property is not a preferred choice. Moreover, the down payments which need to be effected keep on increasing day by day. When we are faced with such a situation, going in for rent to own homes is definitely a practical choice. The down payments which need to be made are also minimal. The other great advantage when it comes to opting for rent to own home is the fact that people do not have bother about the property’s closing costs. A mutual agreement is established between the landlord and the buyer.
In few cases, payments made as rent are accumulated as payment effected towards the cost of the property. Sometimes, the landlord insists on some extra payment which is normally higher than the monthly rent. Instead of making a down payment, you would have to make this additional rent amount. These rates are however negotiable. The tenant has the option of shifting to another home if he is not very satisfied with the property. He has the flexibility of not purchasing the property. He can take this step without any repercussions.
There would be absolutely no increase in the cost of the property and it would remain constant throughout the tenure of the lease. The landlord does not have a right to increase the cost during the lease period. The risks associated with rent to own option has to be borne by the tenant since he needs to keep in mind that he is dealing with an individual landlord and not with a Bank or any financial institution.
Hence make sure you do not cheated by unscrupulous investors who want to make a quick buck out of the deal.
Find More Home Mortgage Articles
Accept Business Credit Cards: Empower Your Business and Your Clients
Businesses today are increasingly making use of business credit cards to transact, both as vendors and as buyers. This trend in spite, there are still a number of vendors who do not accept business credit cards from their business clientele. The truth of the matter is that if such a vendor wishes to achieve higher trading volumes and increase its client base, accepting business credit cards changes from being an optional, to a must.
Accounts receivable is not only a nasty trap, but also creates a vicious cycle. Vendors that do not accept business credit cards, often agree to extending credit to their clients in order to retain their custom. Although this may be a necessary business practice, it does place unnecessary strain on the business finances: Unnecessary, because by accepting business credit cards, you can retain your clients and mitigate your cash flow risk at the same time.
The benefits of accepting business credit cards are numerous and include:
Boost Your Sales: When your clients are in a position to purchase what they want immediately, most of them will. When they make that immediate purchase, your sales are boosted. A simple browse – either in your store or on your web site – may turn into a profitable visit if you enable your clients to make payments with their business credit cards.
Bolster Your Cash Flow: Many merchants who do not have sufficient cash flow with which to support growth, may be victims of high accounts receivables. One of the quickest ways to free your business from this trap is to start accepting business credit cards. Stop billing your clients and start billing their banks instead! When you accept business credit cards, the revenue from the sale will reach your bottom line much sooner than accounts receivables would.
Put Smiles on Your Clients Faces: Clients obtained their business credit cards for a variety of good business reasons and will want to use these. Dont allow your clients to find alternative suppliers purely because your business is not able to process business credit card transactions. When business clients are searching for a supplier, and they want to pay by means of their business credit cards, they will search until they find a supplier who does. Accepting business credit cards places you in the running for their business and that is a good place to be!
Put Smiles on Your Financial staffs Faces: Your accounting department will be very happy when you decide to accept business credit cards as payment for purchases. They will be freed from the hassles of paperwork and the headaches of collecting all your accounts receivables on time. If one compares the collection of outstanding accounts from many of different clients to collecting from the relatively few merchant services that issue business credit cards, the latter is a walk in the park.
Accepting business credit cards may be necessary to enhance and grow the business relationship you enjoy with your clients. It affords your clients the opportunity to make use of their preferred method of payment and liberates you from the accounts receivable trap at the same time.