Mind of Money

Get Your First House In Four Easy Steps

Home about to be soldBuying a house and going into the many details involved can be a very challenging task for first-time buyers. That’s why it’s important to know the necessary steps to buying a home.

Get help from a solicitor

It is always important to ask for professional advice from house-buying solicitors before buying a property. Hiring an expert can save you time when looking at a property to buy

Finding the perfect home for you is not an easy task. Some people even schedule at least seven properties at a time just to look for the right house. It’s always advisable to do some research online before you schedule your trip. It’ll save you more time instead of randomly picking homes in the community.

Apply for a loan

It’s not always necessary to get assistance from a mortgage broker before you buy a home, but it’s better to get your loan preapproved in advance. Doing so will let you know how much you can apply for a home loan.

Learn how to negotiate the offer

Some buyers would often fail to compare prices of homes before striking a deal. It’s better to compare each price and see which one fits your budget the most.

Do a property inspection

Check the interior and exterior part of the house for any damage. It’s always important to conduct a home inspection before buying a house. See if there are any cracked ceilings or walls or you might regret it in the future. It’s sometimes even more expensive to pay for repairs rather than the house itself.

These are just some of the things that you may keep in mind when buying a house. Don’t be in a rush to get a house. Take time to think about it and see if you’re financially stable enough handle it.

March 9, 2018 at 1:00 amMind of Money

3 Important Tips When Applying for a VA Loan

Loan applicationsNothing beats the feeling of having the opportunity to serve your country. In the United States, those in the military are given many benefits because of their loyalty, and as a way of saying thank you for all their hard work. One of those benefits is the opportunity to apply for VA loans.

VA loans are provided by the U.S. Department of Veteran Affairs. American veterans and those on active duty can apply for this specialized type of loan, but there are some tips that will help increase the chances of being approved for VA loans in Missouri.

Get Pre-Approved

Before even looking for homes on the market, make sure you have been pre-approved. Getting pre-approved will help you determine how much you can afford when it comes to buying a new house. This will help you save time and effort, which is essential when applying for a loan.

Before getting pre-approved, be sure to get your documents ready, as most lenders will ask you for your pay stubs, tax returns, and proof of military service, such as your Certificate of Eligibility or COE.

Find the Right Real Estate Agent

Get a real estate agent to do most of the house hunting for you. Finding the right house can be stressful, but with the help of an experienced realtor, you can get the keys to your new house in no time. Look for an agent who has enough experience when it comes to VA loans, so you can get the assistance you need.

Ask your fellow veterans or soldiers for referrals or look around for a potential agent. Be sure to communicate with them all the time, so they would know exactly what you are looking for.

Check Your Credit Report

Before applying for a loan, secure a copy of your credit report, as some reports contain errors. You can get a free copy once a year, and it would be best to take advantage of that. Your lender will be basing your credibility on your credit report and score, so check everything listed on that paper to make sure it is error-free.

Getting a loan can be a tedious process, but you can simplify it by following these tips. Before you know it, you’ll be holding the keys to your dream house.

March 8, 2018 at 10:19 pmMind of Money

The Top 3 Checkout Technologies Set to Shape Retail

Credit card being swipedWith the intense competition among retail brands in the market, businesses often have two choices: innovate or die. The percentage of new businesses that close down after the first year remains the same. About 50 percent of the new players die. On the tenth year, about 96 percent may have closed down.

Fortunately, innovation doesn’t have to come at a steep price; you can remain competitive and still manage costs by using technology in certain processes.

Whether you run a new shop or own a string of stores, these three checkout technologies can help improve your business:

POS Finance

The growth of retail tech also increases the number of people not bringing cash. In a Blumberg Capital survey, about 50 percent don’t use it anymore. But not all stores are ready to adopt the cashless system.

For retails stores that don’t, there’s the point of sale finance system. It provides the customers access to different lenders. One can integrate the service in the POS, so the customer doesn’t go through a time-consuming application process.

No Checkout

A lot of people think the self-checkout terminals are already the future of retail. One bus in China begs to disagree. The vehicle is a rolling store with no staff and checkout. Customers enter by scanning a QR code. A hologram of a woman appears to give transactions a “personalized touch.”

Virtual Shopping Carts

E-commerce boomed for one reason: convenience. But can the same benefit extend in the offline world? The answer is yes, thanks to Amazon.

Amazon’s first physical retail store features two technologies now found in others: cashless and no checkouts. But it took innovation to a whole new level by creating a virtual shopping cart. Customers can walk in and shop. The cameras around the shop then pick up the goods and place them in virtual carts. The system then allows the customers to pay through their credit cards with digital receipts.

These retail technologies are meant not only to appeal to the young consumers. They’re also necessary to improve customer service and experience.

February 14, 2018 at 1:36 amMind of Money