6 Tips to Help you Find the Best Deal on Your Mortgage

When you are short on cash, it’s best to go for a mortgage, as there are banks and NBFCs that offer you loan against this collateral.
However, it is important that you find the best deal on mortgages so you don’t end up making an unprofitable bargain.

The interest rates that you would pay for your mortgage would depend on a few factors that you need to look at before applying.
In general, any investor would love to pay as little as possible and spend that money on other things.

Here are few tips to help you get the best deal on the mortgage you take:

1. Research and Shop Around

When shopping for mortgage schemes, don’t settle for the first quote you find. If you are taking the loan for buying a new home,
your real estate agent might direct you to a few set of lenders and claim that they offer the best interest rates.

However, make sure that you research the market and settle only for the best deal.Securing the best mortgage can be complicated and it can be a time consuming process. Compare the interest rates online before taking the final call,
whether you’re approaching a local lender or a big financial institution.

2. Spruce up your Credit Scores

Brushing up on your credit score is important before applying for a mortgage loan.
Your eligibility and the interest rate offered will depend on your credit score.

The better your credit score, the lower the rate and the more choices for home loans you would have.
Home loan against property is a common mortgage scheme offered by most of the banks and NBFCs.
Even if you already have a home loan in your name, you can still get mortgage loans.
You know abut the home loan eligibility criteria and need to provide the right set of home loan documents.

3. Increase the Down Payment

It’s not easy to save enough for the down payment. However, paying more for the down payment can help you get a better interest rate.
You can also save yourself from paying for mortgage insurance which is charged by many lenders if your down payment is really low.

4. Income Stability and Employment

Lenders prefer borrowers who show proof of a steady employment for at least the past 2 years. In an ideal world,a person who has been in the same company for the past 2 years or has shifted to a better-paying job is a preferable candidate to lenders have strict norms for self employed people, and you’ll need to document your business income along with your tax returns for the past two years.

5. Debt-to-Income Ratio

DTI or debt-to-income ratio can be measured in two ways.

The first is a backend ratio that measures the total of your minimum debt payments and your new housing payments on a monthly basis divided by your overall income.
The front end ratio, on the other hand, focuses only on your housing costs without taking your debts into account.
The lower these ratios are, the more likely you are to get a better deal from banks and NBFCs.

6. Lock your Rate

If you manage to find a low interest rate but still want to shop around, don’t forget to lock the rate.
This would ensure that you at least have that rate if you don’t find something lower.
Most of the lenders would allow you to lock the rate for a period of 30 days.

All About Memory Foam Mattress

Memory foam mattresses is relatively new and has come in the market only in the 1990s. The memory foam was first tried on various beddings as trial before it was introduced in the mainstream market. In the early times the memory foam mattress in India was found only in hospitals and in certain sports equipment. This foam is basically made of polyurethane foam which is visco elastic by nature. It is called memory foam as it comes with certain unique properties. The memory foam pillow and mattress have a specific property of molding itself to the human form. They are much more adaptable and flexible in giving extra support to your body. Earlier memory foam was used for patients with orthopedic issues as it gives support to the bones and take the pressure of them. Gradually the memory foam has become cheaper to manufacture and so it has developed mass appeal today. They have replaced the spring mattresses in India and other countries.

Today there are a number of such mattresses available in India and other places. You can get some of the best memory foam mattress India today. It is also possible to order memory foam and spring mattress online or get it from a normal brick and mortar store. Many people can find these mattresses a little expensive so they us mattress protectors in India or opt to use memory foam toppers which can be used on regular mattresses. This way you can get the benefits of memory foam without spending too much of money. These toppers are thinner than a mattress obviously and will therefore wear out faster. The constant weight of your body can suppress the toppers and make them very thin quickly. They are great only for a short period of time.

The memory foam mattresses in India is a better option as they do prove cost effective over a period of time. They will not have any wearing out issues like the toppers. The body warmth warms the mattress, especially its top layers when you lie on them. This warmth actually makes the mattress flexible and durable. This actually helps the memory foam mattresses mold themselves to the shape of your body. The lower portion of the mattress remains cooler and therefore continues to remain supportive. Once you get up and leave the mattress, the spring helps it go back to its original shape and size. This versatile feature of the memory foam, can help you sleep comfortably and allows you to naturally move around in your sleep without causing any disturbance. The support is gives is unparalleled as your back bone aligns itself properly and helps prevent aches and pains that occurs due to a bad sleeping postures. The memory foam mattress in India are good for those will various allergies too. The material repels dust mites and is almost dust resistant. Mites cannot feed on this kind of memory foam and the few of the mites on the surface can be vacuumed easily. Thus memory foam mattresses and pillows are comfortable, durable, versatile and flexible.

White Gold Engagement Rings: Choose A Class Apart!

There was a time when Gold was revered as the epitome of tradition. Shining, pretty and absolutely awesome, this yellow metal had it all until other options arrived. Don’t get us wrong, we are not against gold. After all, it’s a precious metal and looks pretty.

White Gold Engagement Rings are the next stage of evolution. Made of platinum, these rings look stylish and sophisticated, of course conveying the sentiment of love through their exclusive design. In terms of malleability and ductility, white gold possesses a nature similar to the real gold. However, in terms of beauty, it is truly for those who have an elevated taste.

Some interesting options in white gold engagement rings include:

The plain band: Nothing is more beautiful than the simple band like design. Yes! The concept of wedding bands has existed since eternity and there is no denying that it continues to be very enchanting even today.

The complementing design: There was a time when wedding bands had to be identical. In fact, originally, wedding bands never had to be in pairs. Having one was enough because tradition claimed that the guy had to give the wedding ring to the girl. The girl need not reciprocate the favor with equal velour. Now since the tradition has evolved keeping it a couple mix, a new and interesting idea would be to go for different wedding rings. We mean, why not choose complementing designs.

Blend it with diamonds: White gold shines and when you choose an exquisite design with diamonds in it, the beauty simply amplifies. Yes! Diamond studded designs in white gold are trending and if you are fond of some jazz, this could be a great choice.

How should you choose a great band?

Choosing a white gold engagement ring is not tough. There are experts who will do the metal identification and authentication for you. But if you want to understand more detail, it is advisable to do a little research proactively. When you choose white gold rings, they have to shine but in addition to the shine, you have to ensure that you are buying quality stuff. So, ensure that you buy a ring with the required certification.