Want a Good Mortgage? Plan for Minimal Debt

You’re finally at the point in your life where you’re ready to buy a home. This is an exciting and important time filled with plenty of ups and downs. It’s no secret that buying a home is a huge commitment and with a difficult housing marketplace out there, it’s important to set financial boundaries and be realistic with what you can afford. Like most home buyers, you’ll probably get a mortgage to pay for your new home, which means it’s important to get the best mortgage interest rate possible.

Even a small decrease in your mortgage interest rate can amount to hundreds of thousands of dollars over the course of your loan, so it’s a major point in planning for your home. If you’re already handling debt and it’s seeming like you might never be able to move towards a good mortgage rate, then you should enlist the help of Licensed Insolvency Trustees (also known as bankruptcy trustees) at David Sklar & Associates to help you erase your debt and plan to build your wealth. You need to know what your options are to manage the debt you already have in order to move forward and realize your dream of homeownership. 

Should I Be Debt Free?

Everyone has their own beliefs when it comes to what relationship you should have with debt and credit. Some people strive to be debt free, though this isn’t always the best way to build a strong financial profile. You need to be able to manage your debt properly, make regular payments, and meet your financial obligations in order to prove you have good credit. Being debt free might not help you build the robust credit profile you need to secure a good mortgage rate, it’s just when your debt has gotten too difficult to manage that you should take action.  

How to Get the Best Mortgage Rate

A home is the most expensive thing you will buy in your lifetime, so getting the best possible deal on your mortgage is incredibly important. You should treat this like any other major purchase: shop around, compare, ask questions, and do your research. You can visit mortgage rate comparison sites to see what different mortgage rates are out there.

To build a strong financial profile and get the best mortgage rate for your home, here are some tips:

  • Improve your credit score
  • Lower your debt-to-income ratio
  • Have a steady record of employment
  • Have as much cash as possible for your down payment
  • Have cash reserves set aside
  • Act quickly once you’ve found the right one

Seek Help from Licensed Trustees

If your debts as they stand do not exceed $250,000 and you have the ability to make regular payments, then getting rid of your debt via a consumer proposal might just be the thing you need to get back on track towards healthy credit and financial freedom. Licensed trustees can help you set up your proposal as well as evaluate your situation to discuss all of your options so you only go with the best solution. From there, you can move towards home ownership and a good mortgage.

5 Automotive Marketing Ideas to Boost Your Business

There are many vehicles registered daily including passenger cars, motorcycles, trucks, buses, and other vehicles. So when it comes to marketing ideas for your automotive business, we have few ideas and tips for you to imply.

Web Presence

In the era of technology and online stuff, it must be necessary to show your significant web presence to improve your business. Studies show that up to 97% of people look first on the internet to buy or customize or fix any vehicle. So try to show your strong web presence with website, social media, blogs, posts, business pages, and email marketing. Do not forget to use the proper keywords and phrases that customer search for, for example, “auto repairs near me” or “auto repairs near me open Sunday” etc.

Network establishment

Try to build relationships with others person in the same industry. If you are selling car parts, then try to make contact with other retailers and wholesalers or other repairs or the service providers. It may help you to find out some parts that you needed in an emergency, but you don’t have. Even referrals or mouth publicity from these contacts also boost your business. So it is unquestionably a good idea to build as many connections as you can even with your competitors to grow up in the industry and with industry.

Motivate Referrals

Everyone loves discounts or free things or gift, even if it is a small one. If your service is poor, then no one recommends you, but sometimes it happens that the best service provider also does not get recognition even if it deserves. For that, you can motivate your customers by providing gifts, or discount coupons by inviting and liking the page or signing up for a newsletter or feeling a survey, etc. Remember, most people are suspicious while dealing with a new person in automotive businesses, so a recommendation from the known person is a powerful tool for your business growth.

Be Accessible

When it comes to finalized deal related to customization, automotive sales, and repair work, people look for online and do the sufficient research and make a decision before come to you. So try to help them in doing so by providing detail information related to your services and products. You can post all of the stuff on your website blog, your Facebook page, or Instagram profiles. Provide a section for questions and answers so that customer asks their doubts. Do not forget to share your contact details and address. Respond quickly and politely to any inquiries. It may also help you to track each customer’s email id and contact number to follow up in future.

Approved by Insurance Companies

I know it seems tiresome, but can’t you do this much for your business? Go and become approved by auto insurance companies. It may help that customer who looks for repairs after accidents. And your customer will become happy to get post-accident auto repairs or non-accident related repairs.