The Proper Way of Selecting Your Mortgage Broker

Regardless of your reason for buying a house, be it an investment or as a residential home, it is going to be a big and important decision to make. There are several factors that have to be taken into consideration. Among which is selecting your mortgage broker. The broker will play an important role in the financials so being able to find someone who has the expertise, wide range of mortgage products as well as solid and strong performance isn’t something that can be taken lightly.

Fortunately, all these boxes are tick by Lainaa Heti. This makes the process a lot easier. However, if you are not feeling confident of taking the shortcut, you can read the next paragraphs instead.

The Beginning of the Process

There are countless of people who are uncertain where they should start searching for a mortgage. This is true if this is their first time buying a house. And even if you’ve bought one before, still your needs have changed. This is enough grounds to search for the best broker given your circumstances.

Let me give you ideas on how you can find the best brokers for your specific requirements.

Tip number 1. Referrals

It will be a good idea to ask your family, friends, peers as well as colleagues for recommendations. You will be surprised how brokers work with their clients by simply talking to someone who has had worked with one before.

Tip number 2. Accreditation

In this regard, check with your state who are the accredited members. Try to find brokers who were able to achieve a bachelor’s degree in law or business from a university.

Tip number 3. Use the Internet

Try finding mortgage brokers online. You can peruse their websites and have ideas of whether they’re fit for you or not. There are mortgage brokers who are also publishing reports and hosting seminars that are relating to their finance and property which can be read for free.

This can be very helpful in determining their experience and expertise.

The moment that you have created a list of mortgage brokers you’re considering, that is the time when you can do an interview to each of them.

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Amazon Credit Builder : Deposit-Backed Credit Card for Members with Poor or Bad Credit Score

Amazon Credit Builder is the newest program of the Amazon Store Card, and is extended to members who do not qualify for a regular Amazon Store Card. This new credit offering is designed to give customers with poor or bad credit scores, a chance to build credit card history that will be tracked by TransUnion CreditView.

Offered by Amazon in collaboration with Synchrony Bank, the Amazon Credit Builder comes with the same amenities as the regular Amazon Store Card, including the five percent (5%) cash back reward on every purchase made at the Amazon Store.

An important aspect to understand is that a credit builder account requires a minimum deposit. Amounts of credit-builder purchases including interests, will be limited to the amount required as deposit upon approval of one’s credit-builder card.

It would be wise to look closely at the features and requirements of the Amazon Credit Builder program to determine if this new credit offering will work well for you.

The Finer Details About the Amazon Credit Builder Card

Amazon’s Credit Builder program is touted as a “no annual fee offering,” but an application is still subject to credit approval by Synchrony Bank. Also, know beforehand that in order to qualify, you have to have an Eligible Amazon Prime Membership,

An approved credit-builder account starts off as an Store Card Credit Builder. After seven (7) months from the date of activation, Synchrony Bank automatically evaluates the Store Card Builder to determine if the card holder qualifies for an upgrade into an Amazon Prime Store Card Credit Builder.

Approval of a credit-builder card into a Prime Store Card Credit Builder depends on the cardholder’s payment and other credit history details, which include:

  • Seven (7) consecutive on-time settlement of credit purchases made using the Store Card Credit Builder account over a period of 12 months.
  • The cardholder’s credit file does not show recent records of bankruptcy declaration, foreclosure or repossession proceedings or delinquency events
  • The cardholder meets a credit score qualified under Synchrony Bank’s underwriting criteria.

After seven (7) months as holder of the upgraded Amazon Prime Store Card Credit Builder, Synchrony will once again evaluate if the cardholder qualifies for another upgrade, based on the same set of criteria. This time, evaluation is geared toward determining if the credit-builder qualifies for upgrade as holder of a regular Store Card.

By the way, in order to mitigate its risks as credit provider, Synchrony charges interest on every purchase made using the credit-builder card. Widely known in the credit industry as Annual Percentage Rate or APR, the Store Card Credit Builder interest rate starts at 28.24% per annum.

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Laws Governing eCommerce that You Must Know!

After deliberately thinking whether to start an eCommerce business, you have come to a decision of pushing through. For sure, you are even considering of using ASM course to help you succeed in your endeavor. However, before doing so, you need t keep yourself informed of the laws governing this industry.

Yes it is difficult to provide a complete overview of what you should be following with for your business, having understanding of certain aspects and elements of this business can help a lot in your success. Keep reading because we’ve piled up the most vital things you must comprehend before launching your online store.

Let’s Begin with Copyright, Trademark or Patent

US Patent and Trademark Office (varies from countries) describe Copyright, Trademark and Patent as…

  • Copyright – this protects original works of authorship including dramatic, literary, musical as well as artistic works like novels, poetry, computer software, architecture and songs.
  • Trademark – this is a phrase, word, design and/or symbol that’s symbolizing and distinguishing the source of merchandise. Few notable examples are logos, slogans and brand names.
  • Patent – this is basically limited duration property right that is in relation to granted by US Patent and Trademark Office and invention in exchange for public disclosure of invention.

What You’ve came For

Now that you know the basics of what you should not mess up with in the first place, let’s focus on the things that you must be mindful about before you start any advertisements or marketing strategies online.

Number 1. Compliance to online advertising – believe it or not, there are laws governing how we can’t and can advertise over the web.

Being an entrepreneur, it pays a lot to know that you’re following what’s required.

This protects your consumers and preventing deceptive and unfair marketing practices. This at the same time is great for businesses for fairness and healthy competition.

Number 2. Customer Financial Datathe PCI DSS Compliance is an abbreviation for Payment Card Industry Data Security Standard. Any online retailers should follow this standard. This is especially when they are storing, processing as well as transmitting credit card data. With this, it ensures the security and safety of any financial transactions.

Number 3. Taxes – taxes are comparable to death. It is unavoidable. The same thing goes for eCommerce. This is why you’ll notice that some shops are charging you with shipping and others don’t.

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