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What is a hard money loan?

Hard money loans are for borrowers who do not have the best credit history or those who need to secure a loan quickly. These types of loans do not come from the traditional mortgage lenders such as banks. Instead, they come from an individual, private investors, or a fund of investors. The loan is given based off of a physical property or asset that will be used as collateral for the lender. This is why hard money lenders are not concerned with your credit score or level of income. As long as you have a piece of property, be it a single-family residential, multi-family residential, commercial, land, or industrial, that the potential lender can put a value on, they are likely to approve your loan. If you default on the repayment of the loan, they can then simply seize your property as collateral and resell it to gain back their money.

Hard money loans are short-term bridge loans. The period of the loan agreement is usually set around 12 months. However, since hard money lenders do not use the traditional underwriting process as commercial loans, the loan term can be extended to last two to five years. Interest rates for hard money loans are usually higher than traditional loans. They require either monthly payments of interest alone or monthly payments of interest and a little principal, with a balloon payment once the end of the loan term is reached.

Borrowers tend to opt for hard money loans for various reasons, but mainly due to their speed of approval, approval rate, and flexibility. Since a hard money lender is more concerned with the value that your physical asset, or collateral holds, as opposed to your finance history, as long as you obtain a relationship with said interested lender and have said collateral, you will be able to close a loan fairly quickly. As hard money loan deals do not operate under the same strict policies that traditional loans do, and they look at each proposed deal on an individual basis, they allow for more flexibility. You can negotiate certain things, such as a longer loan term. It makes for a somewhat more personable loan experience.The maximum Loan to Value Ratio, or LTV for a hard money loan is usually pretty low, at around 50 to 70 percent. This makes it easy for the lender to know that they can turn over your property to gain their money back if you fail to repay them. Whether you are investing in a property, or trying to keep your own, it needs to be valuable enough for them to place an equity on it. This is why hard money loans tend to be approved at much higher rates for people of all backgrounds, bad credit or not. Hard money loan lenders may not even look at your credit history.

While hard money loans are easier to get access to, and have a faster overall approval process, they can be very expensive. It is up to the lender to determine what your collateral is worth. If you cannot repay the cost that they decide on, you risk losing a lot of money. If you think you can confidently make enough money to pay the amount they choose to loan back within the given borrowing period, a hard money loan may be for you.

The Importance of Retaining a Lawyer for a Divorce

Getting a divorce may seem simple, but it can be challenging for anyone without legal knowledge and experience. The average individual does not completely understand how complicated the divorce system is. The paperwork alone includes filling out numerous forms and adhering to the rules, in addition to understanding the legal ramifications involved in a divorce case. Regardless of how educated a person may be, getting a divorce requires knowledge of the legal process that most people do not possess. Trying to get a divorce without a lawyer is not a good idea and may prove to be costly and emotionally draining. Many life situations make it a necessity to retain a divorce lawyer.

When Children are Involved
Determining which parent receives legal custody of any minor children is one of the most important issues involved in a divorce. Both parents must decide who will be responsible for making major decisions for the children once the divorce is finalized. If parents cannot agree on a parenting plan, a divorce lawyer is absolutely necessary. Child support is one of the most important decisions that must be agreed upon by both parties. Without a lawyer, one parent may take advantage of the other. No one with children should attempt to go through a divorce without a lawyer.

When Property is Involved
Property ownership can cause major problems in a divorce situation. Usually houses and property must be sold before assets can be divided equally and equitably. In order for one party not to take advantage of the other, a lawyer must be involved in the negotiations. For most people, a house represents their largest asset. Vehicles and other personal property must be evaluated and divided. Without a lawyer, one person may end up responsible for the mortgage and other debts. A lawyer helps a couple decide who is entitled to which assets and determines who pays support and how much will be paid. Only a trained experienced lawyer can help an individual understand and explain the divorce laws in a particular state.

Retirement Plans and Pensions
Retirement plans present a challenge for a couple contemplating a divorce. If either individual planning a divorce receives or plans to receive a pension in retirement, a lawyer is definitely required. A court order is required to help resolve problems including any retirement funds including 401K accounts. Retirement assets are sometimes used as a bargaining tool for some people. Without legal counsel, one or both parties can make mistakes that have long-term consequences.

Importance of Choosing the Right Divorce Attorney in Long Island
There is no law that requires anyone to retain a lawyer in order to get a divorce. Anyone can file for a divorce and represent themselves in any case, including those involving child custody and support. Lawyers are trained to deal with complicated issues that may arise. Because divorce lawyers know the law, they are much more capable of helping a couple obtain a divorce that is fair for both parties. Not using a lawyer can prove to be more expensive in a divorce than retaining one. Legal services can help those with a low income find free legal services. Some private lawyers work on a sliding scale fee which helps with financial situations. Not all lawyers are alike. It is important to review ratings before choosing one. Each situation is different and choosing the right lawyer is important.

What Is A Waist Trainer?

Everyone wants to look perfect for the opposite sex. Women, especially, are held to a higher beauty standard than men. Women do whatever it takes to create the perfect pretty picture for men to admire. One of the things women are constantly pressured to do is have an hourglass figure.

This means grueling hours in the gym, dieting until everything loses its flavor, and using weight loss tools of all types. Have you ever wondered how Scarlett O’Hara felt wearing that corset? While it wasn’t a weight loss tool, it definitely helped create a pretty picture for men to admire. Enter the waist trainer.

What is a waist trainer? What is it training your waist to do? Is it an exercise or workout equipment? These are some of the questions that come to mind when people read the words “waist trainer.” Let’s examine what it is and what it does.

What Is A Waist Trainer?

There is a big difference between the waist trainer and other products. Other products are made of latex. They do not cinch the waist, so not giving the waist much definition.

A waist trainer is basically a steel-boned corset. When donned, it moves the floating ribs and rearranges the internal organs. The waist is cinched to within an inch of its life. The woman can’t eat much of anything because there’s no room for it to digest. She won’t be able to walk fast or run because she won’t be able to breathe. All she can do is look incredibly shapely.

What Is It Training The Waist To Do?

Many women wear corsets as back support. New mothers wear waist trainers to hold everything together instead of bouncing around. Following a C-section, some mothers are instructed to wear a corset. They could have a condition in which the intestine pushes through the abdominal muscles. It’s called diastasis recti.

Most women wear a corset for one night to a special event in order to look slim. Waist trainers do help women lose weight because they restrict the stomach from taking in too much food. That’s no reason to rearrange all your innards, though.

Is It An Exercise Or Workout Equipment?

A waist trainer was meant to be used temporarily as a one-time “lookin’ good!” kind of tool. Women should not wear a steel-boned corset to work out. Since the body pivots on the waist and hip, wearing something that severely cuts that movement won’t do the body much good. You won’t be able to reach, bend, or kick.

You won’t be able to breathe, either. With your organs squashed together, wearing a corset to work out will make you sick. If there’s anything in your stomach to throw up, you will. Do yourself a favor and work out without outside help, so to speak.

Waist trainers are perfectly safe to use if you only want to look good at company parties. If you have back trouble, by all means, wear a steel-boned corset. Just be sure not to wear them so tight they restrict your body’s natural movements, both inside and out. We want to see you happy and healthy!

 

What Does a Personal Injury Lawyer Do?

Personal injuries occur in numerous ways. You may be involved in a vehicle collision. Slip and fall, construction accidents, medical malpractice, and animal bites are a few examples of personal injuries. A lawyer that specializes in personal injury can represent and help you to get compensation for these injuries when they are the fault of someone else.

Receiving Compensation

When you are injured and seek the advice of a personal injury lawyer, he or she will assess your situation. This is essential prior to advising you on what your options are and how to proceed. If they feel that you are entitled to compensation, they will decide on the best course of action. Of course, the final decision is up to you, but you must remember that personal injury lawyers have many years of experience handling these types of cases.

They may recommend trying to reach a settlement agreement. Filing a claim with an insurance company is another option. Your case may require filing a lawsuit. If so, the lawyer will take care of all the preparations of going to trial. They will handle your case from the beginning through the appeal process, if necessary.

A San Diego personal injury attorney will gather the evidence needed to prove your injuries are due to the carelessness or negligence of another. Researching case law that is similar and can help is another task they perform. They are responsible for filing all the appropriate paperwork and interviewing witnesses that are beneficial to your case.

What are the Benefits of Hiring a Personal Injury Lawyer?

The legal system is very complicated for the average person. When you are injured, you are already facing an emotional time. An injury can result in loss of wages, medical expenses, pain and suffering, and legal costs.

When you are injured and cannot work, the financial aspects can be devastating. You do not have money coming into the household, and the bills start to accumulate. This is even more traumatic if you are the main source of income. Insurance companies and others that may be responsible know it is a very emotional time. This is exactly why they often try to get you to settle for a small amount early on.

A personal injury lawyer can handle anyone associated with your case from insurance adjusters to defense lawyers. Both are known for trying to use your words to discredit your claim for injuries. A defense lawyer is adept at looking for anything that can be used to get your case dismissed or settled for less than you deserve. Your personal injury lawyer knows all the tricks that the defense or insurance companies use and can make certain that you do not fall victim.

When you hire a personal injury lawyer, he or she will advocate for you, allowing you to concentrate on getting the treatment needed to heal. They will make certain that every aspect of your case is taken care of before, during, and after a negotiation or trial.

For small business owners, cash flow is often a challenge. Businesses that know how to manage their cash flow are more successful than others that do not. Sometimes cash flow is not stable as monies come in from different places. For example, when customers do not pay with cash, the money is not available to the merchant immediately. Businesses still have bills to pay in the interim and need sources of cash while they wait to get paid. In other instances, merchants need cash in the short-term for purposes such as expansion and marketing. In those instances, a business can receive something called a merchant cash advance that can provide the capital to hold them over until their funds are available to them.

It is important to note at the outset that this advance is not by definition a loan. While the cash advance provider does give the business money upfront and does receive something in return, the merchant is not borrowing any money. Where there are options is in how the repayment is structured. Payments can be made at different rates and different durations.

A merchant cash advance involves a business receiving a cash advance upfront in exchange for a future portion of their sales. This is an alternative to a short-term bridge loan that usually carries a high interest rate. The advance providers recoup the advance by receiving a percentage of the business’ credit card sales for a period of time until the advance is paid back. As a business makes sales, the amount of its obligation to the advance provider declines. It is important to note that there is not a fixed daily payment that is required. If the business does not make sales that day, the advance is not paid back until it does make sales. However, there is a merchant cash advance that can be structured to take a fixed daily payment from the merchant.

The incentive for the advance providers is that the fees that are paid by the merchant to the provider as consideration for the advance. Fees that are due will usually defer based on certain factors. The fee is dependent on the factor rate which is a function of its assessment of the risk of the merchant. The higher the risk, the higher the factor rate will be for the merchant. The factor rate is multiplied by the amount advanced and that becomes the total fees paid by the merchant.

Merchant cash advances are usually obtained much quicker than small business loans. They also do not require collateral, which is unlike other types of small business loans. Usually, a merchant will have to show logs of daily credit card receipts to show the advance provider that it has the ability to pay back the loan. In addition, if a merchant does not make any sales, they do not pay back the advance. If business is slower, then it will take longer to pay back the advance.

When obtaining a merchant cash advance, businesses should receive proposals from multiple providers to find the best arrangement that works for them. Not all merchant cash advances are created equal. Some may have different terms that affect both costs and how the advance is paid back. Merchants should do their homework to learn the terms of all of these advances and be able to compare them to one another. The most important fact to learn is the total cost that is required to repay the advance. There are brokers that specialize in merchant cash advances that are helpful to consult in order to begin the process