Are you planning to refinance an apartment building which holds several units? Are you interested in investing in a two-home property recently listed in the local property market? Then multifamily financing is for you. However, which loan type among the many is the most feasible to avail? Try the Fannie Mae multifamily loan for your investing needs.
Unlike a conventional mortgage, a portfolio loan or a short-term multifamily loan, which have 4%-12% interest rates, the government-backed Fannie Mae only charges a minimum of 3% to a high of only 6%.
Largest Government-sponsored Financing Product
Fannie Mae is the largest provider of financing for the multifamily market. It provides support for affordable investments in both individual and group properties, and for securing loans underlying such properties. Also, Fannie Mae helps those who want to invest in properties like apartment buildings, housing communities, and cooperatives with five or more individual units via DUS (Delegated Underwriting and Servicing) lenders. Under the nationwide DUS program, lenders are empowered to underwrite, close, and sell loans on properties that have not yet been reviewed by Fannie Mae.
Terms and Considerations
Before deciding to avail of the loan, some terms and important information must be considered:
1. The loan amount ranges from $100,000 – $5,000,000+ (with a maximum loan-to-value ratio of 80%).
2. A typical down payment is pegged at 20%.
3. Average lender fees may range from 0% – 1% on loan origination fees, 2% – 5% on closing costs, and 1% for a prepayment penalty.
4. On average, the amount of time for a loan to be approved is 60 to 90 days.
5. The building must have two to five or more units, with 85% minimum occupancy, at 9-month liquidity at the minimum, and at least three months of stable occupancy. One must also have a personal credit score of at least 680, and a debt-service coverage ratio of at least 1.25.
As one of the most populous counties in Florida, the Palm Beach County is home to many residents reaching their senior years. This means there is an increasing need for quality health care services for seniors.
For those who desire to live in their homes and remain with their family as they age, great options for home care in West Palm Beach are available.
Understanding the Need for Home Care
Data shows that about 21% of the population or 44.4 million Americans provide unpaid help to someone aged 18 or older. These represent around 22.9 million households that need home health care. In most cases, it’s better to hire professional aid as the unpaid caregiver may need to attend to other responsibilities, such as working outside the home or caring for children.
Elders who experience changes in vision, hearing, cognitive function, and dexterity have an increasing dependence on personal assistance. This may be due to the natural course of aging or a serious event, such as stroke or accident. Home care meets the patients’ desire to stay at home and live comfortably.
Types of Agencies
Every state regulates and licenses its own home care system. As such, there may be variations in every agency. Here are two popular options:
• Home Health Agency – Being licensed and Medicare-certified, a home health agency is one of the most popular options for home care services. It provides treatment and rehabilitation services to patients in the comfort of their homes. Skilled therapists and nurses look after the resident as prescribed by a physician.
• Custodial Care Provider – Services from this agency are not typically reimbursable under Medicare. The care is paid-for privately and can be offered by unlicensed nurses and therapists.
Caring for an aging loved one is easier with the help of professionals. With home care services, seniors can live their days with the same familiar faces and surroundings.
There is no excuse not to start saving early. It’s preparation for the next chapter of your life. You don’t need to reach a certain age to start thinking ahead. Anything can happen, and the savings you have set aside might be useful even if it’s not for the original purpose it was intended for.
Prepare for the following chapters of your life:
When you’re in your last years of high school, you start to think about the college you’ll want to go to. Sending in your application and passing their standards depends on your grades, but you still need to pay for your tuition. Parents who have a bit more to offer may have already set up a college fund for their children, but that doesn’t mean you can’t help by looking for a part-time job.
As soon as you start working, you should be setting aside a portion of your income for your future family. Even if you have no plans of getting married just yet, the amount you save in banks can be handy when you finally get to that stage. And if you’re not a fan of marriage at all, this can still go into sustaining your lifestyle, especially if you don’t want to work for someone else your whole life.
When you reach the age of 65, you are eligible for retirement. Some retire earlier than this, if they’ve got enough money saved or if they are physically incapable of working anymore. You’d want to have financial freedom when you’re aging because there are medical expenses to deal with. You’ll also want to enjoy the same lifestyle you enjoyed while you had a steady monthly income.
When you’re an adult, you need to think about your future. Being financially independent starts with thinking ahead.
Consider this scenario: your parents throw you out of their house because after five gap years you still seem not to have any plans for your life whatsoever. They are sick of it and want you out of their basement ASAP. They don’t care where you go. They won’t even pay your moving expense.
As if that’s not hard enough, you try to look for a truck for hire and you find out the very act of moving is just as complicated as the idea.
Here’s how we can help you.
Focus and plan
Ask your parents for a little more time—maybe a couple of days so you can carefully plan your forced escape. Use this timeframe to accomplish these:
1. Estimate the size of truck you need. This means reacquainting yourself with the stuff you’ve accumulated over the years which your parents didn’t buy since you can’t probably take those with you.
2. Book early. Ideally, you should book a truck for hire a couple of weeks before the day of moving. To get around the fact that your parents want you out ASAP, try doing the dishes and keep your room clean. These acts of goodwill can buy you time.
3. Compare services. Do not book the first contractor you find. Get to know at least three and see what each has to offer. Pricing is, of course, your priority since you are most likely broke so keep in mind not to schedule your moving out on popular days. Surely you don’t have a date on Valentine’s Day which makes you lucky since moving is cheap thereabouts.
Hire a Driver VS DIY
The last thing your parents want is to get a call from the police after you’ve been pulled over due to traffic violation while driving a hired truck. How ironic is that? If you’re not comfortable driving a large vehicle, it’s best to hire a professional.
Moving out of your parents’ house is difficult as it is. Following this basic guide can make your life a little simpler.
Did you know that you could get money from those metal scraps lying around your garage? Yes, it may be scrap, but do not throw them out, as you can sell those to a scrap metal recycler.
While scrap metals can undergo recycling in whatever manner, it would not hurt to take certain measures to make the most money out of them. Yes, the more “presentable” your scrap metals are, the more money you can get out of it.
Curious as to how this could happen? Read on and find out the best ways to earn money out of your scrap metals.
No recycling facility will make a good offer if they have to do the cleaning themselves. Make sure to clean out your scrap metals properly before selling it to the facility to get good money. Just rinse it and make sure that no non-metal contaminants are present in the metal.
Make sure to remove the metal scraps gently and carefully when detaching it from the item that it is attached to. No facility would buy scraped-up metals that look worn off and tarnished.
Know the Value
Do extensive research on metal scrap selling and buying even before heading out to the recycling facility. This will give you a good grasp on the value of your scrap metals, as well as how much you should actually be getting for them.
Know Where to Go
Ask your friends about recycling facilities that they know and have been to, as well as how much they got when selling their metal scrap. You can also do your research online and read reviews from past customers.
Never go to a place that is notorious for underpaying their clients. Always keep in mind that extensive research is key.
Good luck with selling, and always remember to be wise when doing so!
Mouldings line up the nooks and corners of the home. While some might neglect these little aspects, it is important to give them just as much attention, especially in choosing the proper material to use. When exploring your options for decorative mouldings, here are some considerations for the wooden variety.
Durability and Top Choice
Decorative wooden mouldings from Miskas Wood Mouldings are still a great choice for the house due to their durability. With the right treatment and choice of wood, they are definitely a great addition to the home. Most wooden mouldings are considered high-quality, as they can be easily carved and constructed according to one’s design preferences.
Granted, polyurethane crown mouldings have been improved to withstand temperature changes in the same way that decorative wooden mouldings could, reported Inviting Home. However, there is still something to be said about using wood in the home that gives it a warm and homey ambiance.
Great Finish and Easy Installation
As a renewable and natural resource, wood is still one of the favored options for mouldings. The ability to shape it to fit any corner of the house is also a great advantage. With the right waterproof coating and a smooth finish, this kind of moulding can bring an elegant look to your living space.
Den Garden adds that wooden mouldings and trimmings offer easy installation and removal. And since wood is reusable with the proper varnish and finish, you can create an entirely new look with the same material.
Reclaimed Wood for Eco Purposes
Nowadays, making a conscious effort to help the environment is necessary in every aspect — even in the home. This is why using salvaged wood and other materials can not only be beneficial to nature, but also provide a touch of eco-friendliness to your home.
Decorative wooden mouldings that make good use of reclaimed wood and timbers can be varnished and finished in the same way as your walls, HouseLogic reported. The difference is that they have been upcycled, making good use of old timbers.
Wooden mouldings still have a place in the home, especially for those that have rustic and homey interiors. Make sure to get the best quality wood and get your money’s worth with a beautiful home.
Long since called the “Immortal Health Elixir” in China, kombucha has been around for 2,000 years now. And it’s many thanks to the Far East that health-conscious people from all over the world can enjoy this beverage’s many benefits.
While you may find many people discussing its weight-loss effects, this isn’t just the sole good that this fermented drink brings. Brew Dr. Kombucha explains just how beneficial this ancient drink is not just to your figure, but also to your heart, brain, and most especially, gut.
The difference it makes
Kombucha has two primaries that make it stand out from the rest of the other healthy beverages out there: the ingredients it consists of, and the process (as well as the results) of making it.
Mixing black tea and sugar (natural fruit sugars, honey, or cane) and allowing it to ferment – this is what kombucha is all about. This may lead to you wondering what’s so special about it. Simple: the process, which results from the interaction amongst yeast, bacteria, and sugar, creates a carbonated, vinegar-containing drink packed with healthy goodness.
What kind of goodness?
From enzymes to B vitamins, probiotics to acetic acid, and lactic acid to gluconic acid, these are just some of the healthy constituents of the fermentation process’ byproduct. Furthermore, the aforementioned bacteria produce cellulose, which primarily serves as a barrier for the cells against damages.
The probiotics – the healthy bacteria – line the digestive tract, making it function even better. And this isn’t only in terms of having a healthier, more regular bowel movement. These bacteria also allow for greater nutrient absorption efficiency, as well as providing your immune system with support to better fight off illnesses and infections.
The bottom line is, incorporating kombucha into your everyday diet can help you achieve optimal immune health. And it doesn’t also hurt that it can help you have an easier time managing your weight goals.
You may have already heard of what ulcers are, but not everyone knows that leg ulcers exist. However, the only thing these two terms share is the fact that they are characterized by wounds. Leg ulcers are more like sores that are created when skin is broken, exposing some tissues beneath. Leg ulcers must be prevented or treated immediately so that bacteria will not get into the skin. The following tips will help either prevent or address leg ulcers:
Seek ulcer treatment
If you feel that the leg ulcer that you currently have is that bad, go to the doctor and seek treatment right away. Venous ulcer treatment centers like the Heart of Dixie Vein Center in St. George will be able to get a proper assessment of the state of your health and recommend actions to sole it as soon as possible. The healthcare professional may urge you to stop some unhealthy practices like smoking and overeating.
Keep the wounds clean and dry as much as possible
You may already know this, but when you have wounds that were caused by leg ulcer, the wounds must be kept clean and dry. As much as possible, the healthy tissue that surrounds the wound must be dry so that it will not get bigger. That said, the dry skin must also be moisturized.
Have regular exercise
One of the leading causes of leg ulcers is when the person has poor calf muscle pump function. To facilitate efficient blood flow, regular exercise is needed.
Use compression stockings
Another way to increase blood flow to the legs and calves will be to use compression stockings. They can prevent leg ulcers from happening again.
Leg ulcers are not very common, but this does not mean that you just leave it as is. It should be acted upon right away so that it will not get worse.
BIS Oxford Economics expects the slowdown in Australia’s mining industry to end in 2018, as the country will lead the world in terms of exporting liquefied natural gas (LNG). LNG production will occur because of significant investments in the oil and gas sector, BIS Economist Rubhen Jeya said.
By 2022, the country will become the largest LNG exporter worldwide. This bodes well for companies such as Durotank that offer fuel tankers for sale since a rebound in mining activity will require more storage solutions.
Jeya said that mining production in the next five years would grow around twice the pace of Australia’s economic development. In 2017-2018, production will increase by 5.5 percent from 2.5 percent year over year. This anticipated increase will benefit many coal reserves, including the Bowen Basin area in Queensland.
Despite the exclusion of Adani’s $16 billion Carmichael coal project, the mining industry should expect activity to pick up once again in 2018, said Adrian Hart, BIS associate director of construction, maintenance and mining.
Hart believes that development plans take out of “mothballing, out of care and maintenance and back into production” will be key factors for the industry’s rebound.
The benefits of a mining rebound will include as much as $330 million of construction activity in 2018 from three coal projects in Queensland. These comprise the Byerwen Coal Project at Glenden, Styx Coal Project near Ogmore and the Taroborah Coal Project near Emerald.
Hart said that these projects have the potential to generate about $950M in construction work between 2018 and 2019. Aside from economic benefits, these projects will also provide people with jobs.
It seems the market downturn for Australia’s mining sector will come to an end in 2018 with several projects in the pipeline. Do you think the future looks bright for the industry?
Congratulations, you’re almost finished with high school. Now, what’s next? With college just around the corner, it’s important to set your sights on an institution that will take you seriously and hone your skills for the next years.
Choosing the right university involves not only you but your family and the teachers as well. They will invest time in your education. Ideally, a great college needs to be well-rounded in that it should cater to students of every discipline.
Interest in Business
While some students intend to work at big companies after college, others plan on starting and running businesses. Business-related courses in Singapore, New York, or wherever the student might be, should be a staple at any good college. Additionally, as it is a highly competitive field of specialization, the college offered must hone students’ potential through top-quality education.
If you plan to pursue finance management and business operation, then the university should have accounting or business classes available. The availability of these specific fields of discipline — along with competent instructors who have a long list of achievements and experience in the industry — is a sure indicator that the college will be a great place to study in for the next four years.
Pursuit of Science
A great college should have a reputable track in the sciences. You’d think that by now everyone would be more accepting and less narrow-minded, but you’d be surprised at how some people still believe in creationism, misconceptions, and concepts that defy science.
It’s important to know if the institution you’re eyeing has expertise in science and technology. It’s better if they have the initiative to offer innovative programmes such as game design or information technology.
Reverence for the Arts
Aside from Science, a top college should also hold art in high regard. It’s not uncommon for people to dismiss art and humanities courses as less profitable, but that is not the value of learning art. Its value is to train you to think critically and creatively.
This gives you an edge over others because you can come up with different ideas that might solve problems or introduce new approaches.
Those are just among the top fields you can study for your college. The final choice, of course, will lie on your shoulders and should be in line with your passion, or at least your interests.