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Here Are 3 Things a Great Mortgage Lender Will Do for You

Couple talking to mortgage lenderMillions of people buy homes each year, with the majority of them taking mortgages to finance the homes. So how does one decide which loan to take and which to shun? Obviously, you’ll want to get the best rates. But even more importantly, you want to work with a mortgage company like City Creek Mortgage in South Jordan you can trust. Here are traits that will tell you’ve gotten the right person.

They ask questions

When a mortgage provider seems in a rush to give you a loan without inquiring important information about your financial status, take a step back. There is no way a lender can give you a precise quote of the mortgage you qualify for without first asking for information regarding your credit rating, monthly income, the type of home you want to buy and so on.

They communicate clearly 

There are many things involved in a mortgage application, some of which you may not know. A great mortgage provider should be able to explain everything in a way you can understand. Every signature you put on a document will have financial implications for you. Ask questions where you don’t understand.

They work in your comfort zone

Often you’ll find that you can get approved for a certain amount of mortgage whose repayment may prove a bit uncomfortable for you. A reliable mortgage lender will look for a solution that makes you more at ease. They could give you the option to take a smaller loan size, for instance, or offer you a different loan program.

You may have heard about excellent loan lenders and terrible mortgage providers, but unless you’ve ever dealt with both, you’ll never tell the difference.  However, once you are aware of the signs of a reliable mortgage, you can find someone who’ll make the process much easier for you.

December 22, 2017 at 12:50 amMind of Money

3 Credit Card Mistakes to Avoid

credit card purchaseCredit cards are one great invention that has revolutionized operations. Connecticut banks know this. If you use it correctly, a credit card can build your credit score and earn you offers. On the other hand, if you use it in the wrong way, a credit card can affect your credit history.

With that in mind, here are three mistakes to avoid with your credit card irrespective of whether you are using it for the first time or not.

1. Making “Just Enough” Minimum Monthly Payment

A credit card has a minimum monthly balance, and it is tempting to want to pay that exact amount. While doing so might save you some cash, you might end up paying more interest on a purchased commodity if your balance is low. Pay more than the minimum monthly payment to clear the balance quickly.

2. Getting More Than One Card

Every time you fill in a credit card application form, your credit report gets a hard inquiry. This causes a drop in the credit score, and having more than one such makes the matter worse. Does that mean that you cannot have more than one credit card?

No. You can have more than one credit card, but do not apply for your second credit card right after getting your first one. Allowing ample time between card applications will be good for your credit report.

3. Taking Large Cash Advances

Cash advances have higher interest rates than most purchases. These accrue interest from the first day. Cash advances also have a flat fee and a small percentage of the cash you are taking out as a cash advance. Avoid taking cash advances unless absolutely necessary.

Credit cards are part and parcel of personal banking. You can shop with ease and access money whenever you need it. However, using your credit card can either improve or worsen your credit score. Avoid the common credit card mistakes mentioned here for financial success.

December 19, 2017 at 1:00 amMind of Money

Treatment and Recovery from an Eating Disorder: It Pays to Help Yourself

girl with eating disorderGetting started with a treatment for eating disorder involves helping yourself or working hard to stay well. This is because there is always the risk of returning to your old habits after several months of successful treatment. For those with anorexia, this includes patterns of losing weight. For bulimia and binge eating disorder, it becomes harder to resist purging or compulsive eating habits.

It is best to get in touch with your doctor or healthcare team to continue to stay well. Treatment centersfor eating disorders share a few tips for helping yourself:

Talk to others.

This may seem hard, but talking about your concerns with the people you trust is beneficial in recovery. It is also a good idea to surround yourself with people who love and support you and want to help you succeed.

Join a support a group.

Eating disorder support groups can offer a safe environment where you can talk confidently about your concerns and get support and advice from those who know what you are going through.

Follow your treatment plan.

Even if you feel like you are doing better, there is no reason to neglect or ignore other aspects of your treatment or therapy. Always follow what your healthcare team advises you to do.

Focus on your physical and mental health.

This means exerting more effort to get to ample nutrition that your body and brain need to recover. This is because eating disorders can interfere with your ability to think and understand situations clearly.

Know what triggers your symptoms.

These may be stressful life situations or certain times of the year. Talk to your psychologist in creating a plan for dealing with them or ask more support from friends and family. You can also attend therapy sessions more often at such times.

Engage in fulfilling activities.

Doing something enjoyable or worthwhile can make you think less about food and body appearance. Try an activity that you enjoy or have always wanted to do, like learning a new skill or hobby.

Recovery can be a long process, but it is always possible. You just have to believe in yourself and do everything you can to get better and stay healthy.

December 19, 2017 at 1:00 amHead of Health