MMA loans – MMA Fighter Tue, 20 Jul 2021 19:11:28 +0000 en-US hourly 1 MMA loans – MMA Fighter 32 32 Emergency fund calculator: find out how much to save in an emergency Fri, 16 Jul 2021 19:23:09 +0000

How much should I have in an emergency fund?

Typically, we need enough funds in an emergency savings fund to cover our monthly living expenses for three to six months. If you’re not sure how much you need, this emergency fund calculator can help you set an emergency savings goal.

How to calculate the amount of the emergency fund

Since the goal is to have enough storage to cover three to six months of expenses, it all starts with determining how much it takes to cover a month of bills. One of the easiest ways to do this is to comb through your checking account to identify essential expenses. List these expenses. For example, your list might look like this:

  • Housing $ 1,400
  • Transportation costs $ 400
  • Utilities $ 250
  • Food $ 800
  • Gasoline $ 200
  • Credit card $ 75
  • Insurance $ 125
  • Personal loan $ 200
  • Average medical expenses (including deductible) $ 150

Add these amounts together. In this case, the total is $ 3,600. This means that an adequate emergency savings account would contain between $ 10,800 and $ 21,600. It might seem like a daunting amount of money to set aside for monthly expenses, but you don’t have to do it all at once.

Where is the best place to keep an emergency fund?

Emergency savings funds can be kept in a regular savings account, but the interest rate earned on that account is likely not high enough to keep up with inflation. Instead, consider an account that offers a higher interest rate, while still allowing access to funds if an unforeseen expense arises.

High yield savings account

A high yield savings account is like the best savings accounts, with one big exception: it pays a higher interest rate. Typically, this rate is at least 10 times the National Annual Percentage Return (APY). It provides access to funds in the event of a problem, such as unscheduled household repairs, while retaining the benefit of a higher compound rate. You will likely find that an online-only bank offers the highest current rate due to its low overhead.

Source link

SKEMA and NYU School of Professional Studies Sign Unprecedented Agreement to Allow Enrolled Students to Study in New York Thu, 15 Jul 2021 11:41:00 +0000

PARIS, July 15, 2021 / PRNewswire / – SKEMA Business School announces the signing of a new agreement with New York University School of Professional Studies (NYU SPS) Business Programs Division (DPB).

SKEMA and NYU School of Professional Studies Sign Unprecedented Agreement to Allow Enrolled Students to Study in New York

This agreement will establish the creation and launch, in New York City, a tailor-made course that will complement the courses offered by SKEMA’s Global Luxury and Management (GLAM) program, an MSc accredited by the Conférence des Grandes Ecoles française. The program, which is open to students with a bachelor’s degree or above, offers a one-year and two-year track, with a limited cohort of 50 students. Four courses will be offered by NYU SPS, starting with NYU SPS / SKEMA Business School 2021 “Luxury Business Ethics”.

Students will spend their first semester in United States on the American campus of SKEMA (Raleigh, North Carolina) as well as on the NYU SPS campus, and will continue their second semester on the new ‘Grand Paris Campus’ (France) Flagship which opened in early 2021.

Live the present luxury and think about your future

In addition to the courses taught at NYU SPS, the program includes a study tour of New York City, including tours of large luxury companies such as Tiffany & Co.

According to Antoine Ledru, CEO of Tiffany & Co, SKEMA 1995 alumnus and member of the GLAM program board: ‘United States are one of the main luxury markets. Being able to understand it from the inside with its players in the field is an undeniable added value for a young graduate who aims to embark on a career in this sector. ‘

In addition, the GLAM MSc allows students to understand the diverse world of luxury – Paris, new York, Champagne, Cannes or Monaco – across a wide range of sectors: fashion, hospitality, travel, automotive, yachting, services … The program also addresses the new challenges of luxury – CSR & sustainability, digitalization and customer-centric processes – and ends with the completion of a master thesis and an internship of at least 4 months.

According to Patrice Hodayer, Vice Dean in charge of programs, international and student life: ‘The development of strategic agreements is one of the pillars of our SKY25 strategic plan (SKEMA Years 2020-2025). The choice of NYU SPS, already recognized for its expertise in the luxury sector, illustrates this perfectly and allows our students to access one of the best universities in the field. ‘

The cost of the program is € 25,000 for 1 year or € 35,000 for the 2-year MSc format.

PS: The program is also accessible at no additional cost to SKEMA students Large school Program / Master in Management.

Contact: Christine Cassabois,

Photo –
Logo –

SKEMA logo

SKEMA logo

SOURCE SKEMA Business School

Source link

$ 27.07 Billion Digital Lending Platforms Market, Globally, by 2028 at 18.13% CAGR: Verified Market Research ™ Wed, 14 Jul 2021 14:15:00 +0000

Strong initiatives by financial institutions to improve customer experience and the government’s strict digital lending rules are expected to drive market expansion throughout the forecast period.

JERSEY CITY, NJ, July 14, 2021 / PRNewswire / – Verified Market Research recently published a report, “Digital Lending Platforms Market“By solution (Business Process Management, Loan Management, Lending Analytics), By service (Design and implementation, Risk assessment, Consulting), By deployment mode (Cloud, On-premise), By vertical (Banking, Financial services) , Insurance), and by geography.According to verified market research, the global digital lending platform market has been valued at $ 7.14 billion in 2020 and should reach $ 27.07 billion by 2028, with a CAGR of 18.13% from 2021 to 2028.

Download the PDF brochure:

Browse the table of contents in depth atDigital Lending Platforms Market

202 – Slips
126 – Tables
37 – Figures

Global Digital Lending Platform Market Overview

To adapt to customer needs and a growing preference for online finance services, BFSI companies are rapidly implementing digital business models. Digitization, in particular, allows BFSI companies to allow customers to choose the channel of their preference. According to Insider Intelligence’s Mobile Banking Competitive Advantage Study, 89% of respondents said they use mobile banking. Additionally, 97% of Millennials reported using mobile banking. Currently 1.9 billion customers worldwide use online banking Online banking applications, in particular, can help financial service providers adapt to changing business conditions and protect their existing markets respective. As a result, the increased use of online banking channels is expected to drive demand for digital lending platforms shortly.

Key developments in Digital Lending Platforms Market

  • In november 2018, Fiserv worked with DadeSystems, a provider of payment processing solutions. The two organizations will work together to create and deliver SaaS or standalone banking products to their integrated business customers.
  • In October 2020, Roostify has entered into a collaboration agreement with Google Cloud to use the artificial intelligence (AI) and machine learning (ML) capabilities of Google Cloud to help lenders process mortgage applications faster and more effectively.

The main market players are Fiserv (United States), Newgen Software (India), Ellie Mae (WE), FIS (United States), Mambu (Germany), CU Direct (United States), Argo (United States), Sigma Infosolutions (United States), Tavant Technologies (United States), Docutech (United States), Roostify (United States).

Verified market research segmented the global digital lending platform market on the basis of solution mode, service, mode of deployment, vertical, and geography.

  • Digital Lending Platforms Market By Solution
    • Process management
    • Loan Analysis
    • Loan management
    • Origin of the loan
    • Risk and compliance management
    • Other
  • Digital Lending Platforms Market By Service
    • Design and implementation
    • Training and education
    • Risk assessment
    • Consultant
    • Assistance and maintenance
  • Digital lending platform, by deployment mode
  • Digital lending platform, By vertical
    • Banking
    • Financial services
    • Insurance
    • Credit unions
    • Retail banking
    • P2P lenders
  • Digital Lending Platforms Market By Geography
    • North America
    • Europe
      • Germany
      • France
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • LINE
      • Middle East & Africa
      • Latin America

Browse related reports:

Peer-to-Peer Lending Market (P2P) by type (consumer loans and business loans), by end user (consumer loans, small business loans, student loans and home loans), by geography, forecast, 2020-2027

Block Chain in the Supply Chain Finance Market by product type (IT solution, FinTech, banking, consulting), by application (cross-border payment, trade finance, digital currency, identity management), by geography, forecast, 2020-2027

Digital workplace market By Component (Solutions & Services), By Vertical (BFSI, Telecommunications & IT Services, Media & Entertainment, Manufacturing, Healthcare & Pharmaceuticals & Others), By Geography, Forecast, 2020-2027

Digital Experience Management Market by component (solutions and services), by vertical (banking, financial services and insurance (BFSI), IT and telecommunications, healthcare, manufacturing, media and entertainment and other verticals), by geography, forecast, 2020-2027

Top 10 conversational AI platforms change the course of the customer journey

Visualize Digital Lending Platform Market Using Verified Market Intelligence:

Verified market intelligence is our BI compatible platform for the narrative storytelling of this market. VMI offers detailed trends and accurate information on over 20,000 emerging and niche markets, helping you make critical decisions impacting revenue for a bright future.

VMI provides a holistic overview and global competitive landscape with regard to region, country and segment, and key players in your market. Present your market report and findings with a built-in presentation function, saving over 70% of your time and resources for investor arguments, sales and marketing, R&D and product development. VMI enables data delivery in interactive Excel and PDF formats with over 15+ key market indicators for your market.

About Us:

Verified Market Research is a leading global research and advisory firm serving more than 5,000 clients. Verified Market Research provides advanced analytical research solutions while delivering insightful research studies. We provide insight into strategic and growth analyzes, the data needed to achieve business goals, and critical revenue decisions.

Our 250 analysts and SMEs offer a high level of expertise in data collection and governance using industry techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study over 14 categories of Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Power & Energy, Healthcare, Pharmaceuticals , automotive and transport, information and communication technology, software and services, information security, mining, minerals and metals, building & construction, agricultural industry and medical devices from more than 100 countries.

Contact us:
Mr. Edwyne Fernandes
Verified market research
United States: +1 (650) -781-480
UK: +44 (753) -715-0008
APAC: +61 (488) -85-9400
US Toll Free: +1 (800) -782-1768
E-mail: [email protected]
The Web:
Follow us: LinkedIn | Twitter


SOURCE Verified market research

Source link

$ 11.59 billion Thermostatic Valve Market Size by 2028 Tue, 13 Jul 2021 10:05:00 +0000

SAN FRANCISCO, July 13, 2021 / PRNewswire / – The Global thermostatic valve market size is expected reach $ 11.59 billion by 2028, registering a CAGR of 5.29% over the forecast period, according to a new report from Grand View Research, Inc. The COVID-19 pandemic has affected almost every sector of the industry. Consumer attention has shifted to everyday essentials, impacting non-essential industries like plumbing. Several home improvement activities were suspended in 2020.

Main lessons and findings:

  • The comfort and safety provided by thermostatic valves is a major factor that is expected to drive the demand for products across the world.
  • Based on the type of product, the global market is categorized into single lever, two-handle mixers, and others. The crutches segment held the maximum share of revenue in 2020 due to the high demand for these products in the residential sector
  • Government support plans for affordable housing and low home loans are major factors encouraging homeowners to invest in renovating and renovating their homes.
  • Asia Pacific is expected to experience the fastest growth rate from 2021 to 2028 due to the increase in consumer disposable income, the availability of advanced products and the increase in the housing and residential construction sector

Read the 85-page market research report, “Thermostatic Valve Market Size, Share and Trend Analysis Report by Product (Single Lever, Two Handle, and Others), by End User (Residential, Commercial), by Region and Segment Forecast, 2021-2028“, by Grand View Research

Several key market players provide modern faucets, which provide aesthetic appeal and are hygienic to use. Also The World Health Organization (WHO) has recognized the shortcomings of the conservative design of public toilets, propelling the need for thermostatic faucets in hospitals and other health facilities.

In addition, product innovation is expected to drive adoption of thermostatic valves among consumers. For example, Delta Faucets provides Touch2O technology, which enables water flow to be activated by flouting the capacity field anywhere around the device. Additionally, the increase in product offerings through social media and e-commerce platforms is influencing the way consumers buy products. Many market players are looking for both direct-to-consumer and online channels.

According to the WHO, in several developing countries, the impact of nosocomial infections (HAIs) is greater than in developed countries. In addition, the advent of smart faucets has reduced frequent contact with the handles, making them more hygienic. Companies are increasingly focusing on strategic partnerships, as these growth strategies allow targeting a wider audience and increasing brand visibility.

Grand View Research has segmented the global thermostatic valve market on the basis of product, end user, and region:

  • Thermostatic Valve Product Outlook (Revenue, USD Million, 2016 – 2028)
    • Single lever mixer
    • Two handle mixers
    • Other
  • Thermostatic Valve End User Outlook (Revenue, USD Million, 2016 – 2028)
  • Regional Outlook for Thermostatic Valves (Revenue, USD Million, 2016 – 2028)
    • North America
      • we
      • Rest of North America
    • Europe
    • Asia Pacific
    • Central & South America
      • Brazil
      • Rest of the center and South America
    • Middle East & Africa
      • South Africa
      • Rest of Middle East & Africa

List of key players in the thermostatic valve market

  • Grohe SA
  • Kohler Co.
  • Moen, Inc.
  • Cera Sanitaryware Ltd.
  • Rocca Sanitary
  • Jaguar Group
  • Geberit AG
  • Reliance Worldwide Corporation Ltd.
  • Masco Corp.
  • LIXIL Corp.

Browse Grand View Research’s coverage on Global home care and decoration industry:

  • Tap market The global faucet market size is expected to reach $ 28.7 billion by 2025, according to a new report from Grand View Research, Inc., with a CAGR of 5.7% during the forecast period.
  • Smart Faucets Market The global smart faucet market size is expected to reach $ 667.3 million by 2025, according to a new report from Grand View Research, Inc., with a CAGR of 12.0% during the forecast period.
  • Smart bathroom market The global smart bathroom market size is expected to reach $ 6.69 billion by 2027, according to a new report from Grand View Research, Inc., with a CAGR of 10.5% from 2020 to 2027.

Go to Grand View Compass, our intuitive BI market research database of over 10,000 reports

About Grand View Search

Grand View Research, a United States-based market research and consulting company, provides syndicated and personalized research reports and consulting services. Checked in California and headquartered at San Francisco, the company has more than 425 analysts and consultants, adding more than 1,200 market research reports to its extensive database each year. These reports provide in-depth analysis of 46 industries in 25 major countries around the world. Using an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and assess opportunities as they arise.


Sherry james
Corporate Sales Specialist, United States
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll free: 1-888-202-9519
E-mail: [email protected]
The Web:
Follow us: LinkedIn | Twitter


SOURCE Grand View Research, Inc.

Source link

Private student loan borrowers got no relief during pandemic Tue, 13 Jul 2021 07:00:00 +0000

We want to help you make more informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and earn us a referral commission. For more information, see How we make money.

Most federal student loan borrowers received a helping hand from the government during the pandemic. Thanks to legislation passed last year and an executive order from President Biden, people with federal student loans can stop repaying them until October 1, with no interest accrued on the balance.

But that doesn’t help Benny Kuo.

Kuo, product marketing manager in Oregon, is one of some nine million student borrowers ineligible for the penalty-free forbearance period granted to most federal student loan holders. This is because these loans come from private entities and not from the federal government.

“I was a little frustrated with the way the government took action for federal student loan borrowers, but not for the private sector. I didn’t quite understand why, ”says Kuo. “I felt left out. All these different constituents of the community benefited from a break during this period, unlike the private borrowers of student loans.

Benny Kuo
Benny Kuo, director of product marketing in Oregon, graduated with nearly $ 50,000 in student loan debt. Kuo lost exclusive government protections when he refinanced his federal student loan into private student loans in August 2018.Marissa Solini Photography

When Kuo graduated from an MBA in 2017, he had nearly $ 50,000 in student loan debt. In an effort to lower its interest rate, Kuo refinanced its federal student loans to private student loans in August 2018 through a local credit union. The interest rate on its loans went from 6.8% to 3.27%, with a 5-year repayment plan.

“I had a good, stable enough job and felt secure that I could lose all the benefits of federal student loans for a lower interest rate,” says Kuo.

Kuo, who is now 29, was able to maintain a stable income during the pandemic and plans to pay off his student loans by September of this year, but he acknowledges that this is rare.

“I feel very fortunate to be still employed throughout the pandemic. I understand that I am one of the lucky ones, ”he says.

Data from the Student Borrower Protection Center, a nonprofit organization, shows that high-income students are more likely to get student loans from private lenders and are generally able to repay them over time. While students from low-income backgrounds and students of color are less likely to borrow, those who take out private student loans often struggle to repay, according to the report.

How private student loan borrowers were left behind

Not all student loans are created equal. Private student loan borrowers do not have access to the same protections as federal student loan borrowers, from reduced or suspended payments to repayment assistance opportunities.

“I see it as the government saying that the people who went through the federal program did the right things and took a break, but the private student loan borrowers who may have been unlucky aren’t getting it,” sums up Kuo.

The pandemic has made this reality clearer, and the student loan provision of the CARES Act is the most obvious example. After several extensions, federal borrowers are not required to make a single payment for their student debt until October 2021. Meanwhile, private student loan borrowers have had few options to turn to for relief and have remained largely at the mercy of their creditors.

“A lot of them have offered some kind of relief, but none of them have been very generous. Most private student loan companies maybe offered a three or six month forbearance or allowed you to skip two months of payment without interest, ”explains Robert farrington, CEO of The College Investor, a site offering advice to student borrowers. “But none of that compared to what we’ve seen with federal student loans.”

Even before the pandemic, private student loan borrowers had fewer options for getting help. Private borrowers hold about 8% of overall student loan debt, but account for nearly 30% of complaints received by the Consumer Financial Protection Bureau, according to 2020 data.

The private student loan market, with $ 130 billion outstanding, continues to grow but remains largely unregulated, so terms and conditions for private student loans can vary widely from lender to lender. Much like auto loans and credit cards, private student loan lenders can set their own repayment terms and eligibility criteria. This could confuse borrowers, causing them to pay more if they don’t understand exactly what they are getting themselves into.

And when it comes to repayment assistance, the industry is also free to set its own terms.

“There is no general policy. You could put five different student loan borrowers and they would all say they got five different ways of relief if they got anything, ”says Farrington. “The best way to describe it is a lot of confusion.”

What private student loan borrowers can do

Even though the federal government does not help those with private student loans, borrowers still have options. If you have private student loans, here are some tips to help you pay off your loans and get debt free.

Start a dialogue with your lender

Experts say the most important thing right now is to get in touch with your lender, if not to discuss your repayment options, at least to stay on good terms if you miss a payment. The worst thing you can do is ignore your student loan payments.

“Private student lenders are much more aggressive with their collection tactics,” explains Farrington. “Private student loan lenders can sue you, garnish your salary, or even sue your home depending on your condition. If you need help and haven’t contacted your lender, this should be your first call.

Your private lender may be willing to offer you flexible repayment options, so it’s always worth asking if you’re having trouble, Farrington says. If you don’t know how to ask or where to start, you can use these tools and sample letters from the Consumer Financial Protection Bureau as a guide.

There is also adjournment or forbearance, but these options should be your last resort. When you go on hold or forbearance with a private lender, your loan payments are temporarily suspended, but interest continues to accrue.

“If you are unemployed or facing other financial difficulties, deferral and forbearance are much better options than defaulting on your private loans,” says Farrington.

Make a repayment strategy

Getting rid of your student loan debt requires strategic planning. First things first: check your balance and interest rate, then come up with a repayment plan.

To do this, you will need to review your budget. Go article by article and see if there are any expenses that you can reduce and redirect to your loan payments. Any extra money you can free up can directly reduce your balance. Carpenter says the best way to reduce your student loan balance is to make additional payments on top of your minimum amount owed. That’s what Kuo did. He calculated how much interest he was accumulating and paid his principal premium each month.

“One positive element in all of this is that all student loan borrowers have been encouraged to take a close look at their personal circumstances,” says Matt Charpentier, CEO of College Funding Services, a Massachusetts student loan consultancy.

Once you’ve reviewed your budget, consider two of the most popular repayment strategies: the debt snowball and the debt avalanche. If you go for the debt snowball method, you will make minimum payments on all debt except the account with the lowest balance. With the Debt Avalanche method, you’ll first focus on the account with the highest APR or annual percentage rate.

Pro tip

Pay attention to your student loan amortization schedule, which determines how much of the payments goes to interest and how much of the principal balance. If possible, try to allocate more of your payments to your principal balance to pay it off faster.

“If you have a mix of federal and private loans, now is a great time to devote whatever you have in your budget to these private loans and try to eliminate them, or at least reduce them as much as possible, since you you’re not having to make federal loan repayments, ”says Farrington.

Lower your interest rate by refinancing

Refinancing your private loans can be a way to significantly reduce your monthly payments, thanks to the low interest rates these days. If you have high interest private loans, refinancing can reduce your current interest rate by a few percentage points and save you money over time. Unlike federal borrowers, private borrowers do not lose any refinancing protection.

“With the current rates, you want to shop around to possibly refinance,” Carpenter explains.

But refinancing only makes sense if you can tick certain boxes. To get the best loan rates and terms, you’ll need a relatively high credit score, a good credit history, and a salary that can support payments. You’ll also want to make sure that you can save a significant amount on your loan repayments by refinancing, otherwise there’s no point doing it.

While there is no hard and fast rule of what constitutes a good credit score, you will want to be in the 600 and 700 to get an attractive rate.

If you are able to do so, refinancing can be a great option, and it could also give you peace of mind.

Kuo does not regret refinancing his federal loans into private loans, even though the repayment of the former has been suspended.

“I felt comfortable taking the risk of knowing I had a better interest rate and saving a lot of time on my student loans,” he says. “It’s much better for my financial goals and my mental health. “

Source link

HELOC Interest Only Explained (Home Equity Line of Credit) Mon, 12 Jul 2021 07:00:00 +0000

We want to help you make more informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and earn us a referral commission. For more information, see How we make money.

A Home Equity Line of Credit (HELOC) can be a good deal – if you can find one.

As people’s home values ​​increase, HELOCs, which allow you to borrow the equity in your home and turn it into cash, are getting harder and harder to come by. Lenders are pulling out and have even stopped taking HELOC applications altogether. Other banks only work with existing customers.

HELOCs aren’t the only way homeowners can tap into equity. If you have the ability to look around, refinancing with withdrawal might be a better option. but if you do decide to use a HELOC – and you can get one – it’s best to understand the limitations and alternatives up front. This type of financing requires research and planning on the part of the owner.

Here’s what to consider before getting one.

What is an interest-only HELOC?

A home equity line of credit is revolving debt that allows homeowners to borrow against the equity in their home. It begins with a withdrawal period of between five and 10 years, followed by a repayment period of approximately 20 years.

In the case of an interest-only HELOC, borrowers are only required to pay interest on the amount they withdraw during the drawdown period. Then, once they enter the repayment period, they have to make both principal and interest payments.

“During the drawdown period, the revolving door swings back and forth,” said Bill Westrom, founder and CEO of Credit Line Banking and, a financial advisory service. “Consumers have access to the inside and the outside. If this is an interest-only drawdown period. You only pay interest on the outstanding balance. This credit limit is an infinite pool of working capital as long as you pay it back. At the end of the drawdown period, it becomes an interest and principal payment, and the door only opens one way. You pay off the loan for the next 10 to 20 years.

Pro tip

You don’t have to wait for your repayment period to start repaying the principal on your HELOC. If you make regular lump-sum payments during your withdrawal period, you will experience less payment shock during repayment.

Interest-only HELOCs are generally variable rate loans. The rates are tied to the prime rate, which is the index used for many types of debt. As with other interest rates, it fluctuates with the rate set by the Federal Reserve. This means that you will not be able to take advantage of today’s low mortgage rates.

When does an interest-only HELOC make sense?

An interest-only HELOC is a way to borrow money at a favorable interest rate for purposes such as home renovations, debt consolidation, etc.

“The home equity loan can be a useful tool when used correctly,” said Melissa Cohn, executive mortgage banker at William Raveis Mortgage. “A home equity loan is good if you have one-time use of it. You have to buy something, pay taxes, etc. As long as you can handle the repayment, this is a useful tool.

With mortgage rates so low, however, many homeowners instead choose to access their home equity by refinancing their mortgage, which could generate cash and reduce interest on your entire mortgage. The number of refinancing loans has increased dramatically, which is part of the reason HELOCs have been more difficult to obtain.

An interest-only HELOC is also not a good substitution for other favorable types of financing. For example, some people use HELOCs to cover the cost of higher education. People who are eligible for federal student loans should consider them first, says Leslie Tayne, a debt relief lawyer at the Tayne Law Group.

When to avoid an interest-only HELOC

While an interest-only HELOC can be a great opportunity, you need to understand its limitations.

First, this type of financing will not work for homeowners with little equity in their home. According to Westrom, lenders have become more strict about the amount of equity homeowners can borrow. While they allowed homeowners to borrow up to 100% of their home’s value, most now limit it to 80%. If you don’t have 80% of the equity in your home, you will likely need to consider alternatives.

You also need a strong credit rating and history. Lenders want to see a good track record of past loans and debts. Check your credit history and make sure it looks great before you apply. If your credit needs improvement, consider other options to develop it.

One very important thing to remember is that HELOCs are secured by your home. If you don’t repay the loan, the bank can foreclose on your house.

What to do at the end of your HELOC draw period

At the end of your HELOC withdrawal period, you will be required to make payments on both principal and interest on your line of credit. If you still have a balance on your HELOC at this time, you can expect your payment to increase. Homeowners should start preparing early to be ready for their new payment.

“Put the date on your calendar and set a reminder nine months, six months and three months before the principal takes office,” Tayne said. “Talk to your lender and find out what your payment might be. It takes time to prepare.

In fact, the best way to prepare for the end of the withdrawal period is to make payments on your principal balance throughout the withdrawal period. Just because you don’t have to pay interest for the first few years doesn’t mean you shouldn’t be paying more. The more diligently you repay your HELOC during the draw period, the lesser the payment shock you will experience when signing up for the refund.

“Look at the principal and interest on a loan for the same amount of money,” Westrom said. “Make this payment to your HELOC or higher.” This way you decide on the length of the loan. Any extra money you put into the HELOC is always there for you. You can throw in more knowing you can back out in an emergency.

HELOC interest-only alternatives

An interest-only HELOC isn’t the only option available if you need cash for a home improvement, debt consolidation, or any other purpose. There are alternatives that people can turn to.

Refinancing of collection

Even though HELOCs may be the first to think about when considering tapping into your home equity, many experts suggest refinancing with cash.

A withdrawal refinance is when you take out a refinance loan that is greater than your current mortgage balance. Then you receive payment for the difference between the previous balance and the new loan.

With cash-out refinancing comes all the benefits of a mortgage, such as low fixed interest rates and a fixed repayment term. But unlike the interest-only HELOC, you can only borrow this money once. There is no revolving door like there is with a line of credit.

Home equity loan

Like a HELOC, a home equity loan allows you to borrow against the equity in your home. A home equity loan, often referred to as a second mortgage, is not a revolving loan like a HELOC is. Instead, you borrow a lump sum and then have a specific repayment term to pay it back.

According to Cohn, these loans have both advantages and disadvantages. “The interest rates are higher and the payments are higher, but you don’t have any rate risk,” Cohn said.

Personal loan

Depending on your situation, a personal loan may be a better option. Unlike a HELOC, a personal loan is not guaranteed by any collateral. Therefore, you cannot risk losing your home if you cannot make your payments.

On the other hand, because it is unsecured debt, personal loans generally have higher interest rates. Personal loan rates range from 4% to 36%. Check out NextAdvisor’s guide to the pros and cons of a personal loan.

Source link

The personal sacrifices of young doctors during a pandemic Mon, 12 Jul 2021 02:00:00 +0000

KUALA LUMPUR, July 12 – Anna, a 26-year-old indentured domestic worker at a public hospital in Klang Valley, comes home from work at 10 p.m. Then she has dinner, her first meal of the day, before falling asleep and starting work at 5 a.m. the next day.

Anna (not her real name) works six days a week. She starts her day by drawing morning blood for all 12 to 15 of her patients and searches the hospital’s internal pathology database for their results. She checks their recovery progress and performs physical exams for patients as part of the morning visits.

She then joins and assists her medical advisers (OM) for the MO rounds, then the specialized rounds thereafter. After all rounds are complete, she executes treatment plans – no more blood tests, orders for imaging tests, referrals to other departments and deals with emergencies in the department.

In the meantime, if new patients are admitted to her wards, she has to care for and monitor them carefully, as well as draw their intake blood and set up their IV lines – the entire process. admission takes about an hour. In the afternoon, she attends the afternoon rounds and the cycle repeats. On her day off, she still comes to work sometimes to complete administrative tasks that she was not able to accomplish on work days.

If her ward is converted to a Covid-19 ward – something Anna and her colleagues will only be informed a few hours in advance – all of the patients she receives and manages for the day would be Covid-positive patients, who tend to come in droves.

Junior servants like Anna have been deployed to Covid-19 services to help with unmanageable workloads at the Department of Health (MOH) hospital where Anna works. Anna claimed that she and her colleagues had not received formal information on how to protect themselves with personal protective equipment (PPE).

Instead, the medical trainees at the public hospital would have received only two PDF documents: one on how to put on and take off PPE and one containing a table of what constituted appropriate PPE when meeting with the patients under investigation (PUI) or confirmed Covid – 19 positive cases in different contexts, seen by Code blue.

In January, the Director General of Health, Dr Noor Hisham Abdullah, announced in an internal circular that internal agents would be recruited to help manage Covid-19 patients. However, this recruitment was limited only to the senior executives of their fifth and sixth assignments, having carried out or in the course of medical assignment, having passed their evaluation and completed their logbooks in the respective services, possessing a license of. complete exercise without disciplinary problems. Anna is only on her third posting and is still serving under a provisional license.

“We are in the middle of a war. The pandemic is a war, a war that bears no fruit. We all give our 200 to 300 percent to work and neglect and abandon our families for our patients. We are tired. We are so, so, so tired. Everyone is already KO, but we continue because … we continue kesian our patients, ”Anna shared with Code blue.

Junior doctors are not only physically fatigued by the increased workload caused by the relentless Covid-19 outbreak in Malaysia, with infection and death rates on the rise despite a total lockdown that lasted for nearly six weeks nowadays.

They are also battling emotional exhaustion from grieving the growing number of patients who have succumbed to Covid-19.

“It is very difficult to describe this feeling of loss to someone who is not in the medical field. They don’t understand why you cry for your own patients when you’ve done all you can. “

Anna (not her real name), junior flight attendant at a Klang Valley public hospital

At the same time, junior contract doctors like Anna do not have time to care for and treat personal crises.

“During [my grandmother’s] funeral, I was already thinking, ‘How many days of leave do I have left? How many days do I want to take for emergency leave? When you’re in a contract position, you have to constantly ask yourself, “Is it really worth sacrificing so many days?” “Will I have enough time off for an MC?” I have to figure all this out before I can factor in my feelings when my grandmother passed away.

Anna managed to attend her grandmother’s funeral but returned to work two days later, when she was still grieving painfully.

Contractual trainee physicians only have eight days off for a four-month assignment, including applied leave, emergency leave, and sick leave. If the servants test positive for Covid-19, their quarantine period is deducted from their eight days of leave, and the balance will count as an “extension” of their assignment.

“At this point, I don’t even know how I’m going to go through life because I don’t even have time for myself. I only have time to come home, eat and get some sleep. If I have to take care of my baby, my husband… I don’t know how people do it.

Amidst work fatigue, Anna is plagued with worries about her future. As a contract doctor, she has no job stability and no chance for career development unless she obtains a permanent position or leaves the country. Her monthly salary of around RM 5,000 will stagnate and will not be enough to support her parents and future family when she gets married.

The young woman is currently fighting at the moment just to provide for the needs of her parents, her brother and herself as the sole breadwinner, to repay her housing loans, her groceries, her rent, her expenses. personal loans, among other expenses.

She shared that she was tired and frustrated with her situation, as were her co-workers.

“Everyone is tired. The threshold is so low that if I were to scream that I want to strike now, I bet 10 people would follow me for sure. Everyone is so tired, so exhausted. What do we have to lose? Absolutely nothing, ”admitted Daniel (not his real name), contract agent at a teaching hospital in Klang Valley. Code blue.

The Hartal Doktor Kontrak campaign plans to organize a nationwide strike on July 26 for some 23,000 contract doctors unhappy with the lack of permanent positions for them in the public sector. The Department of Health (MOH) simply granted existing contract doctors a one-year “one-time” contract from Dec.5, 2021 to Dec.4, 2022, according to a statement. Malaysiakini report July 6.

“If you ask me, I don’t believe in Hartal’s goal of getting permanent positions, but I believe their strategy is the way to do it, which is a strike. You cannot win wars without fighting. Every war must have a battle. This is the battle; this is the fight.

Daniel (not his real name), project manager at a teaching hospital in the Klang Valley

Daniel pointed out that the people who are considering taking part in the strike are all contract doctors whose contracts are about to expire and therefore have nothing to lose.

“If you want to prove a point, this is the way to go,” Daniel said, “Because when that happens the system will collapse. It is only when the system collapses that we can truly build a better health system. ”

On the other hand, Ruben (not his real name), a contract agent from Sabah, disagrees. “Honestly to God, I don’t know which doctor would go on strike knowing their patients are in bad shape. It goes against your instinct as a human being to help someone else.

Ruben said Blue code he only heard about Hartal’s CodeBlack movement and the Malaysian Medical Association (MMA) last weekend when his friend showed him social media posts.

MMA’s CodeBlack movement is simply a social media campaign – which encourages doctors to go to work in black clothes and change their personal profile photos to monochrome colors – which is not affiliated with Hartal. The MMA, the largest association of doctors in the country but not a workers’ union, does not tolerate a strike by healthcare workers during a pandemic.

“Do you know the first thing my colleague said?” ‘Do you really think this is going to work?’ Ruben said skeptically. “Don’t try to change something that doesn’t want to be changed. It is useless. “

However, he admits he’s not entirely pessimistic. “I always give the benefit of the doubt for everything. Hope… I hope everything these guys are doing at CodeBlack can actually help.

The MMA announced in a Facebook post last Wednesday that they had had a meeting with the Ministry of Health and have been informed by the Minister of Health, Dr Adham Baba that a solution to the contract doctors’ problems will be sent. to Cabinet for approval this week.

Blue code keeps the identities of the three agents of the house interviewed anonymously because of the government order to gag officials.

Source link

Milan Market Update – four closed deals, five exits, five loan returns and six goals Fri, 09 Jul 2021 16:51:22 +0000

The AC Milan transfer window wheels are firmly on the move with a number of signings already sealed but there is still a lot to work on.

Milan News writes how Milan have already closed the permanent signings of Mike Maignan, Fikayo Tomori and Sandro Tonali while Davide Calabria signed his renewal earlier today and the arrival of Olivier Giroud from Chelsea and Brahim Diaz from Real Madrid is expected be sealed next week.

Departures: Brothers Gianluigi and Antonio Donnarumma, Hakan Calhanoglu, Soualiho Meité and Mario Mandzukic all left Milan either when their contracts expired or because their loans were exhausted.

Goals: In terms of signings, Milan want a right-back and a left-back to allow starters Davide Calabria and Theo Hernandez to catch their breath more. a central midfielder who can alternate with Franck Kessie.

Additionally, Maldini and Massara are working on an attacking midfielder to replace Calhanoglu, a right winger to rival Alexis Saelemaekers and a young striker to grow up under. Zlatan Ibrahimovic.

Returnees: Several players will return from their loan periods, including Andrea Conti, Mattia Caldara, Alessandro Plizzari, Tommaso Pobega and Lorenzo Colombo. For each of them the chances of staying are minimal because they could serve as counterparties, coins to make capital gains or be loaned again.

Below is a summary of the operations that Milan has carried out so far or that they are currently working on …

Signed: Maignan, Tomori, Tonali, Calabre.

Almost official: Giroud, Brahim Diaz.

Positions to be reinforced: right back, left back, midfielder, attacking midfielder, right winger and young striker.

Departures: G. Donnarumma, A. Donnarumma, Calhanoglu, Meité, Mandzukic.

Return on loans: Conti, Caldara, Plizzari, Pobega, Colombo.

Source link

China reaffirms commitment to openness and mutual benefit Fri, 09 Jul 2021 10:27:00 +0000

Xi Jinping, general secretary of the Communist Party of China (CPC) Central committee, characterized from China international engagement with these slogans at a ceremony marking the 100th anniversary of the founding of the Party in Beijing July 1.

“The Party cares about the future of mankind and wishes to move forward in tandem with all progressive forces in the world,” said Xi, also Chinese president and chairman of the Central Military Commission.

Although it does not wear aggressive features, the Chinese nation will never allow any foreign force to “intimidate, oppress or subjugate it,” Xi added.

In the context of a changing international landscape, it is relevant for the CPC to send a clear message. Indeed, he is right to be confident and articulate. The Party has come a long way from a small group of revolutionaries to the world’s largest political party bringing prosperity to the most populous nation.

A highlight of Xi’s speech was the announcement that China has built a moderately prosperous society in all respects.

China is the second largest economy in the world since 2010 and its GDP per capita has passed the bar $ 10,000 benchmark in 2019. In 2020, it ended absolute poverty with a targeted approach to poverty reduction.

Moderate prosperity, or xiaokang, is rooted in traditional Chinese culture. It is considered as a threshold of completion necessary for the long-term project of creation datong, or a great unity of peace and harmony, Josef Gregory Mahoney, professor of politics at East China Normal University in Shanghai, mentionned.

In addition to a well-developed and comprehensive social protection system, Confucius described the datong a society with a deeply socialist ethic, where the infirm and the elderly are cared for, where people care for all children as if they were their own, where doors and portals can remain unlocked, said Mahoney .

Many of the developments observed since China adopted the policy of reform and openness in 1978 and, more recently, aligns closely with some of Confucius’ core concepts, he said. These include significant efforts to eradicate corruption, advance the rule of law, develop the green economy and tackle pollution.

Under the leadership of the CCP, China has transformed and increasingly contributes to the advancement of mankind, said Qu Qingshan, head of the Party History and Literature Institute of the CPC Central Committee.

China has sent over 40,000 peacekeepers to UN peacekeeping missions, more than any other permanent member of the Security Council, and is the second largest contributor to UN peacekeeping funds .

China has provided grants, concessional loans, and technical and personnel assistance to other developing countries while sharing their experience in poverty reduction with them.

Xi proposed the idea of ​​a community of destiny in light of the fact that no country can tackle the many challenges facing humanity on its own. The Belt and Road Initiative, also proposed by Xi with the aim of improving connectivity along and beyond the ancient Silk Road routes, has found resonance within the international community. Some 140 countries have signed cooperation agreements with China in this framework to date.

“We will work to build a new kind of international relations and a human community of destiny, to promote high-quality development of the Belt and Road initiative through joint efforts, and to use from China new development achievements to provide the world with new opportunities, ”Xi said in his 1st of July word.

China is a stabilizer and engine for the global economy, contributing 30% of global growth, said Qu. In 2020, the world suffered a severe recession under the impact of the COVID-19 pandemic. from China GDP grew 2.3% year-on-year, making it the only major economy to record positive growth and rekindle hopes for a rebound in the global economy, Qu said.

Foreign direct investment in mainland China jumped to 481 billion yuan ($ 75.3 billion) in the first five months of this year, a 35.4% year-over-year increase from 2020 and a 30.3% increase from the same period in 2019, the commerce ministry said.

“We will continue to advocate cooperation rather than confrontation, open rather than close our doors and focus on mutual benefit rather than zero-sum games,” Xi said.

By Beijing Review reporter Yan Wei
Comments to

Photo –

SOURCE Beijing Review

Source link

Movement Mortgage Review 2021: Quick Closures, Many Options Thu, 08 Jul 2021 07:00:00 +0000

We want to help you make better informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and earn us a referral commission. For more information, see How we make money.

Movement Mortgage is an online mortgage lender co-founded in 2008 by former NFL player and Super Bowl champion Casey Crawford. We ranked Movement one of the best mortgage lenders in 2021 because it offers a wide selection of loans, concludes those loans quickly, and pays the majority of its profits to a foundation that invests in community projects.

The South Carolina-headquartered lender is licensed in all 50 states and has more than 650 offices across the United States.

Advantages and Disadvantages of the Motion Mortgage


  • Three quarters of Movement Mortgage loans are closed within seven business days

  • The lender donates the majority of its profits to a foundation supporting community projects

  • Movement Mortgage operates in all 50 states

The inconvenients

  • The business does not offer home equity loans or home equity lines of credit

  • The rates are not displayed online, so you will need to contact the lender for a quote.

Motion mortgage: loan types and products

While home equity loans and home equity lines of credit are missing from its lineup, Movement Mortgage offers a long list of other loan options for buying a home or refinancing an existing mortgage. . Currently, Movement offers the following types of mortgages:

Home improvement loans allow you to take out a loan to buy (or refinance) a home and finance improvements. Currently, you can choose between the Fannie Mae HomeStyle Home Improvement Loan, the FHA 203 (k) Home Improvement Loan, and the VA Home Improvement Loan.

If you are looking to refinance a mortgage, you can choose between an interest rate and term refinance loan or a cash flow refinance loan.

And while other lenders close home loans within about 50 days, Movement aims to accelerate that time frame. The lender goes through a “6-7-1” process, where they say they can pre-approve a mortgage in six hours, process the loan fully in seven business days, and be ready to close in an additional day. Impressively, 75% of Movement loans are processed within seven business days.

Mortgage Transparency Movement

Movement Mortgage has an easy to navigate site with a straightforward application process, and you can connect with a loan officer in minutes. It also offers a range of tools to help you determine how much home you can afford and a number of guides explaining loan types and terms. Movement clearly lists the loans it offers, but does not include the requirements to be eligible for these loans, such as credit score and debt-to-income ratio.

Movement mortgage: rates and fees

Movement Mortgage’s website is easy to navigate and its “Find a Loan” page helps you determine what type of loan is best for you. But the lender doesn’t advertise daily mortgage rates on its website, like some of its competitors do, and doesn’t publish a list of closing costs borrowers might pay.

The minimum credit score requirements vary depending on the type of loan you are applying for. According to a representative from Movement Mortgage, FHA loans require a score of 580, while conventional loans require a score of at least 620. But to receive the best mortgage rate, borrowers will need good to excellent credit.

Movement Mortgage also states that it does not charge application fees or prepayment penalties on any of its loans, and you can lock in your interest rate for free for up to 90 days. But it charges a set-up fee at closing and late fees when a borrower is more than 15 days late on a mortgage payment.

Refinancing with moving mortgage

Movement Mortgage funded about $ 30 billion in mortgages in 2020, and about 40% of those loans were for refinancings, from government guaranteed loans to conventional and jumbo mortgages. An average refinance takes around 30 days to complete, and repeat customers get a “special rate”.

Pro tip

If you are looking to minimize your upfront expenses when refinancing, you can build closing costs into the loan. This is sometimes called a “no-cost refinance”. While this is convenient, it costs more in the long run since you end up paying interest on your closing costs.

To get a full breakdown of all the fees you will need to pay, you will need to submit a refinance request. But if you are looking to minimize your upfront expenses, you can incorporate your refinancing closing costs into your new mortgage.

The mortgage move compared to other mortgage lenders

Motion mortgage Fairway Independent Mortgage Corp. loan deposit
Minimum credit score 580 (some mortgage programs may require a higher score) 620 for conventional loans; 660 for jumbo loans; 600 for FHA loans; 600 for VA loans 620 for conventional loans; 700 for jumbo loans; 580 for FHA loans; 620 for VA loans
Minimum deposit 0% to 3.5% 0% to 5% 0% to 5%
Where does the lender operate? The 50 states The 50 states The 50 states
Main types of loans Conventional, Jumbo, VA, FHA, USDA, Various Home Improvement Loans, Variable Rate, Fixed Rate, Refinance, Refinance With Withdrawal, Reverse Mortgages Conventional, Jumbo, VA, FHA, USDA, Various Home Improvement Loans, Variable Rate, Fixed Rate, Refinance, Refinance With Withdrawal, Reverse Mortgages, Home Equity Loans, Home Equity Lines of Credit Conventional Home Improvement Loan, Jumbo, VA, FHA, FHA 203 (k), Variable Rate, Fixed Rate, Refinance, Cash Refinance

How To Shop For The Best Mortgage Rate

A 2018 study by Freddie Mac found that nearly half of mortgage buyers stop at the first mortgage rate quote they receive – but that means they might leave money on the table. According to the study, mortgage applicants could save up to $ 3,000 over the life of the loan if they get at least five rate quotes.

You could save even more if you use your negotiation skills. After you submit your mortgage applications, the lender will provide you with a mortgage estimate. Use these documents to compare the interest rate, APR, lender fees, and discount points on each loan. Send the best offer to another lender and ask them to beat the interest rate or closing costs. Lenders may be willing to compete for your business, especially if you have good credit.

While these mortgage loan applications can trigger a serious investigation into your credit reports, credit reporting companies know consumers are shopping. FICO will treat all mortgage applications made within 45 days as one application. Try to submit your mortgage applications in this window to minimize the impact on your credit.

Final result

Movement Mortgage is a serious contender if you are looking to take out a mortgage or refinance an existing loan. You will need to submit a request for a quote and a list of fees you might pay, which could be a deciding factor if you just want to be pre-qualified.

But the website is easy to navigate, and you can easily complete the mortgage application online or get help at one of the hundreds of offices across the country. He is also a lender that we feel good about since he devotes most of his profits to a foundation that supports local communities.

Source link