26 May 2017
Business Adviser

What Your $142,200 Can Get You in Ogden, Utah

Bills and coins beside a calculator

There are reasons why Ogden, Utah is at the top of the list of many homebuyers. It offers both locals and tourists a wide variety of outdoor and indoor recreational options, giving them plenty of opportunities to never feel bored. There is also the simple fact that the city boasts of natural beauty and wonders.

You can enjoy all these when you choose to become one of its residents. And much thanks to the city’s lower-than-national-average cost of living, you can have your very own home here for just $142,200 – a price (as of writing) that goes well below the countrywide average.

Securing a mortgage: The first step to home ownership

Only a very few people have cash at hand to buy a home right off the bat. A majority of the population needs the help of mortgage lenders; entities that have significantly aided millions of other consumers afford a home.

And while taking out a mortgage is your first and biggest step towards home ownership, there are several pre-application must-dos first. One of these is to check and compare current mortgage rates in Ogden.

What rates look like in the city

At the time of this writing, rates for fixed-rate mortgages (the most common type of housing loan) in the city averaged at 3.57. This represents the average rate of 3.92% for 30-year FRMs, 3.67% for 20-year FRMs, and 3.13% for 15-year FRMs.

Adjustable-rate mortgages, on the other hand, averaged at 3.09%. This consists of the 3.02% rate of 7/1 ARMs, 3.11% for 5/1 ARMs, and 3.14% for 3/1 ARMs. Note that the rates for both the 7/1 and 3/1 ARMs went down by several points.

As mentioned above, residential properties in Ogden have an average price of $142,200, but you will find many others for a lower price. So as early as now, start shopping around while further reinforcing your finances to realize your dreams of home ownership.

2 May 2017
Business Adviser

What Makes a Woman Successful

Woman holding a phone to her ear

Every woman wants to be successful. It’s a goal that will say a lot about their passion and their contribution to the world. But the road to success is always paved with challenges, some of which may discourage you or make you believe that you are not enough.

But if you get past these hurdles, there’s a bigger chance that you will realize your potentials and reach your goals. It all boils down to mindset and proper planning. According to Her Magazine, if you want to be like Beyoncé or you look up to successful women in business, you should be willing to do things differently. Here are some of them.

They Appreciate Failures

Mature women know that you can’t be successful without experiencing failures at some point. Sure, these mishaps and misfortunes can bring you down, but they’re necessary for your growth. Don’t expect perfection; it doesn’t exist. Knowing that failures are a constant in your path to success, mature women learn how to take risks. You will also get to learn this, too!

They Take Care of Themselves

Successful women take care of themselves. They know their limitations, and they take rests, too. Otherwise, their health will be compromised, which, in turn, will affect their performance. What you can do at this point is to acknowledge that you’re just a human, not a machine—and that you need some time to relieve stress and do other things that will make you happy.

They Harness Relationships

Successful women know that their achievements cannot be solely attributed to them. They believe that they’re a result of their own discretion and of course, the help they receive from others. With this, they spend time broadening their network and fostering relationships.

These are just some of the things you need to keep in mind if you want to be successful. The next thing you need to do? Get out your notebook. Write down your goals. And specify your plans.

28 April 2017
Business Adviser

Moving On: Recovering from a Toxic Career

A woman leaving her job while carrying a box of her belongings Whether it’s a difficult boss, gossiping officemates, biased managers, or an underpaid and overworked position, situations like these in workplaces are best left behind. Now that you’ve packed your things and said your goodbyes, it’s time to take stock. Here are a few pointers to get you up again and back in the game:

Take a Step Back

“Worrying is like a rocking chair. It gives you something to do, but it doesn’t get you anywhere,” says Van Wilder in his original movie. Instead of being anxious, take the time to rest, relax, and spend time with family and friends. Most likely, you had to give up your extra me time due to work, so feel free to reconnect and recharge. You deserve this break after everything you’ve gone through.

Forgive Yourself

While working in a toxic work environment, you probably had to endure power plays and blame games in your career. It’s understandable that you walked away with a few self-esteem issues, feelings of guilt, and even remorseful decisions. Whether you were fired or chose to resign, forgive yourself for whatever issues you’ve created due to your toxic job. It would be easier to move on when you have a clear conscience and better self-image.

Find Fruitful Options

You will always have a choice. That applies to your career, too. Look up similar jobs that are available in your area. Reconnect with other contacts and ask for available vacancies in their companies. Put up a business that’s related to your interests and skills. If you need a certificate from a hair school to start off, Collectiv Academy says that you can find many schools in Salt Lake City to take the plunge. This is the ideal time to pursue what you’ve always wanted.

Recovery time is necessary after you’ve gone through critical conditions in your past employment. You owe it to yourself and your new job or venture to work at the peak of your capacities. Don’t fret, choose wisely, and move on. It may not be easy, but it’s only that simple.

27 April 2017
Business Adviser

Factoring in the Factors: Things that Affect Property Prices

home for sale

When you’re looking to buy a real estate property, you might have asked yourself how developers have arrived at such a price. True enough, properties don’t come cheap. Their prices technically say a lot about what you should expect once you have bought one.

Whether you’re purchasing a property for your investment or your living purposes, there are some things you need to keep in mind—the factors that affect real estate prices. Below are some of them, as enumerated by a reliable provider of flexible mortgages in West Jordan.

The Location

As real estate brokers would always say, three things matter when it comes to home buying: location, location, location. The same factors apply to property valuation. The closer the home to public amenities, such as groceries, schools, hospitals, and parks, the more expensive they can get. The crime rate and safety of the neighborhood are other factors that come into play.

The Design

Just like in any other item, such as shoes and dress, aesthetics are another factor that dictates the price of the property. In conjunction with size, the theme, landscaping, and interior design are the things you should look into. If you think that the design and vibe of the house are too upscale, it just makes sense to say that it’s going to be expensive; reflect on how much the developer or previous homeowner paid for a beautiful house.

Market Value

The law of supply and demand has something to do with how homes are valued. The prices of the homes in the neighborhood can also be the same with the price of the home you’re planning to buy. The things that affect the market value include the following: age of the structure, location, and the sale’s existing contract.

Above are just some of the factors that affect the value of homes. If you want to gauge specifically the price of the home you’re eyeing to buy, you can always consult a reliable broker.


11 April 2017
Business Adviser

Different Loans That Could Impact Your Creditworthiness in the Eyes of Lenders

A credit score report When you’re searching for a home loan, you probably know that your credit score is a huge deal since it could make or break your chances of getting approved. However, before nitpicking your credit score, it is imperative that you look into your other debts and how these impact your credit score.

Your Car Loan

Your auto loan is a secured debt since your lender could repossess your vehicle if you default on your loan. In most cases, however, a car loan is great for your credit score since it diversifies your debts. Likewise, since it’s harder to obtain than a credit card, some lenders might see it as a positive.

Your Student Loans

Although student loans are a type of unsecured debt, they won’t necessarily impact your credit score if your payments are on time. And because they’re typically paid off in decades, they help your credit rating. Also, other loan types, considering that you consistently repay them on time and hold them for a long period could raise your credit score.

However, a home loan specialist in Tempe warns that student loans would also count toward you overall DTI or debt to income ratio, which means that a substantial student loan could impact your ability to be eligible for a home loan.

Your Other Home Loans

Home loans are secured debt since the lender holds a vital collateral, the borrower’s house. When repaid consistently on time, however, a mortgage would positively impact your credit score. On the other hand, missed or late payments on your other mortgages won’t sit well with prospective mortgage lenders.

Your Payday Loans or Something Similar

These won’t typically be included in credit reports. However, defaulting on a payday loan would affect your credit rating. Additionally, these loans are unsecured debt and come with very high-interest rates.

Now that you know how these different loans could impact your creditworthiness in the eyes of prospective mortgage lenders, you have to learn how to navigate the ins and outs of these consumer loans to make certain that your credit worthiness stays intact.

6 April 2017
Business Adviser

Here’s Why the Lack of Physical Office Can Hurt Your Business

Man pointing on a line going upA lot of small businesses, especially those that offer mostly services rather than products or goods, often forego a physical office, seeing as they can operate online. In such cases, business owners just use P.O. Boxes, with some even skipping it all together. And while it may seem to help them save a lot of money, such organizations are missing out on a lot of things.

So before you completely disregard the thought of establishing a brick and mortar office, consider these drawbacks that lack of one brings.

Consumers may find it questionable

Today’s consumers have become more cautious when it comes to business transactions. Most of them look for contact information before making a transaction, and in most cases, just a phone number and an email address won’t cut it for them. So they’ll most likely find it questionable if they can’t see a physical address in your contact details.

A physical space doesn’t just make it look like you have a fruitful and credible business; it reflects all the hard work you’ve put into establishing it. In a sense, an office is a tangible product of all the hours you spent building your organization from the ground up. So it doesn’t just concern your potential clients; it also makes you even prouder of what you do.

A place for building professional relationships

With the help of commercial office rentals in Park City, you can have an area designed specifically for meeting with customers and building relationships with them. The last thing you want is to have clients going to your home every time you need to meet with them since this can greatly tarnish the reputation of your business. Your consumers will think that you don’t have the finances to set up a workplace, so they highly likely won’t want to invest their money in you and your brand.

The great thing about this city is that it boasts of all the qualities of a great business location, so you’ll have higher chances of drawing the attention of your target market.

5 April 2017
Business Adviser

More Pinoys Wanting to Invest, yet Financial Literacy Still Important

A market graph analysis report More Filipinos have saved money in the first quarter for potential investments, despite many of them still lacking enough financial knowledge, according to the Bangko Sentral ng Pilipinas (BSP).

The BSP’s consumer expectations survey showed that those with savings rose to 34.9% of households in the country from 32.6% in the last quarter of 2016. These people either saved money for real estate investments or medical insurance in the Philippines.

Reasonable Investments

Aside from healthcare and property, more Pinoys have set aside money during the first three months of 2017 for business capital, emergency situations, education and retirement, according to the poll. The percentage of respondents that are able to allot money as savings also increased to 45.1% in the same quarter from 41.1% in the previous three-month period.

However, the BSP’s consumer finance survey also indicated that many Filipinos remain uneducated in terms of financial literacy.

No Savings

Despite the increase in people wanting to invest, the BSP said that financial literacy is still much needed in the country. That’s because only two out of 10 households have money deposited in savings accounts.

Filipinos living in Region 7 have the least number of savings compared to those in the National Capital Region. Department of Economic Statistics Director Rosabel Guerrero said that the government and private sector should do their part in raising awareness and promoting financial literacy.

The poll surveyed 18,000 households across different regions nationwide. Insufficient funds emerged as the top reason among respondents that have no deposit accounts.

No matter what type of investments you plan to choose, it’s important that you familiarize yourself with how they work to mitigate risks and ensure the highest possible return. After all, you don’t want to save money for potential investment only to see them vanish into thin air due to poor financial planning.

3 April 2017
Business Adviser

Five Reasons to Love Limousines

Girl in a limousineWhether it’s for a bachelor's party or business trip, a limousine never disappoints. In addition, we’re not talking about the comfortable leather seats or the built-in bar. Rather, we are talking about a limousine’s ability to make important events special and magical. Here are five reasons to love limousines.

1. No distracted driving.

Distracted driving can easily ruin your special event. Conversely, a limousine ride gives you the licence to get as distracted as you need to. Your job is to sit comfortably and do your thing as a professional chauffeur does the all the hectic driving.

2. A limo keeps everyone together.

Many reasons can keep people who are supposed to travel and arrive together kilometres apart. Some people get started late, others start on time but get caught up in nasty traffic, and others may just get lost. With a limousine, everyone arrives together and no one misses out. This is the main reason why hiring a limousine service is the best option.

3. No wasting time in traffic.

A limo allows you to get some work done or take a deserved nap or drink as you wait for traffic to clear. That means you won’t get frustrated or bored, two feelings that can ruin your special event.

4. Parking is someone else’s trouble.

Have you ever arrived at a hotel or event centre on time only to get late because parking was a kilometre away and it was raining? Looking for parking in busy places can indeed be a nightmare. A limo meets you at the door to and from your event.

5. Feel like a celebrity.

You deserve to feel like a VIP on your special event. Riding a limo will surely make you feel like a rock star.

Taking a limo ride is convenient. You don’t have to drive and park yourself. A limousine ride also offers a way to travel with unparalleled luxury and sophistication. Talk to a limousine hire service about a ride that meets your style, budgetary, and transportation needs

31 March 2017
Business Adviser

Why Is Your Debt-to-Income Ratio So Important?

Couple Looking at Their FinancialsYour debt-to-income ratio or DTI is made up of your overall debt payments each month divided by your monthly gross income. This crucial number is important to lenders since they use it for measuring your ability to handle your mortgage payments monthly.

The Importance of Your Debt-to-Income Ratio

On your end, your DTI is vital since it can tell you plenty of things about your financial health. For instance, let’s say your debt is 60% of your monthly income. This means that you’ll have a hard time paying off your debts if there’s a sudden change in your circumstances, such as a medical emergency. You would also have a more difficult time repaying your debts than another person with a 25% DTI.

From lenders and creditors’ perspectives, your DTI is a critical measure of borrower risk, explains a loan officer from a renowned mortgage lender in St. George. Borrowers with higher DTIs have a higher chance of defaulting on their home loans. When applying for a home loan, determining your DTI would be a huge component of the underwriting process. Generally, the highest debt-to- income ratio you could have is 43% if you want to qualify for the best mortgage deals.

What This Means for Your Mortgage

What’s the ideal debt-to-income ratio? In general, lenders peg the ideal DTI ratio below or at 36%, meaning that yours shouldn’t be higher than that. This magic number would afford you more room than if your DTI is, say, 43%, which leaves you less susceptible when your expenses and income change. But if you could manage your financial situation to put your DTI significantly lower than 36%, say between 18% and 24%, then you would be so much better off.

Your debt to income ratio plays a vital role in whether or not you get approved for a mortgage. A DTI lower than 36% is perfectly fine for mortgage lenders, a DTI below 20% is excellent, while anything that’s higher than 36% is considered risky for mortgage lenders. Put simply, the lower your debt-to-income ratio, the more mortgage options you could qualify for.

31 March 2017
Business Adviser

How’s Finding Work in Utah? Know the Answer Right Here

A Group of Employees Are you thinking of moving out of state to start anew or to seek better jobs? You may want to take a look at Utah.

There’s a reason why Utah is called the Beehive State: people there know how to work hard. The business industry also doesn’t stop buzzing about new opportunities:

1. You don’t have to worry too much about finding a job.

Utah is one of the few states that experienced a soaring job growth in 2016. Until December 2016, the state added more than 35,000 new jobs, which increased the employment growth rate to almost 3 percent. It is nearly twice as that of the national average.

2. Utah’s economy is doing well too.

Based on the data provided by the Small Business Administration (SBA), Utah’s economy grew at a rate of 2.9 percent, which was faster than the national average at 1.9 percent.

3. Business ownership is diverse.

The same SBA data revealed a more than 50 percent increase in ownership diversity in the state. From 2007 to 2012, the highest changes in business ownership based on demographics belonged to the Hawaiians or Pacific Islanders followed by African Americans, Hispanics, and Asians.

4. There are many great industries to choose from.

Although Utah doesn’t belong to the states with the most number of Fortune 500 companies, they have several fastest-growing companies. According to Inc. 500, these firms include Legend Solar, which took the 29th spot in 2016, because of its more than 7,000 percent growth and $13 million revenue. Others are Phoenix Recovery and Counseling Centers, PrinterLogic, Shopper Approved, and Lancera.

When it comes to largest employers, JobsBank USA cites America First Credit Union, Autoliv, Backcountry.com, and Bank of Utah.

To be clear, Utah doesn’t have a high average wage as it ranks 37th, but the cost of living is certainly cheaper than its neighboring states such as Arizona and Colorado. If you’re looking for stability and many employment options, the state certainly has something to offer.

Nevertheless, competition can still be tough. To give yourself a head start, take some project management courses in Utah, which can make you more eligible to supervisory positions.