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A Look at the Different FHA Loan Types

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an fha loan contractA mortgage is one of the most important deals you will enter in your life. No wonder there are various mortgage deals from both private and government-backed agencies. One of the most popular ones is from the Federal Housing Authority (FHA).

Below are some of the most common types of FHA loans in St. Louis. See which loan type will suit your financial standing and needs.

Conventional fixed rate

As the name suggests, this is one of the most common types of loan where the borrower pays a fixed amount for the whole duration of the loan.

Conventional adjustable rate

Like the fixed rate, adjustable rates are also payable for a certain period. The only difference is various fluctuations in the market determine the rate of payment. This means the amount you pay every month varies. A fixed amount is paid on the first three to five years of the mortgage.

Hybrid mortgage

A hybrid mortgage is pretty much like a conventional adjustable. The difference is that instead of having a fixed rate for three to five years, borrowers who have hybrid mortgages have a 10-year fixed period.

Balloon mortgage

Blowing air into the balloon will make it expand larger and larger. Balloon mortgage payments are also the same. Borrowers initially pay small payments at the beginning of the mortgage and increase the amount, or pay the totality of it in the future. This mortgage type is best for people who are certain that they will have a huge amount of money to come.

Relocation mortgage

If your existing home is for sale, and you are looking for a new one to move at while it is on the market, then relocation mortgages are the right type for you.

Understanding the different types of mortgage can help you better choose the right mortgage type to avail.

3 Things to Look for in a Quality Boat Cover

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Covered boats in dock

Covered boats in dockEvery day, your boat faces many different conditions that can be potentially harmful and damaging. This can add up to very expensive spending on maintenance and repair if you’re not careful.

One of the simplest ways to go about protecting your boat is to invest in quality bass boat covers. With so many options out there, it’s important that you be careful about your choice. Here are three different things to look for when you’re shopping for a boat cover.

Protection

The first and most critical consideration when shopping for a boat cover is the level of protection that it can offer. The most basic options offer superficial protection from wind or scratches. The very best options offer protection from all weather conditions. This adds value to your purchase because you can trust that your boat is going to stay in top shape for longer.

Fit

A second thing that you need to check is if it’s a perfect fit for your boat. Sure, it might be easy enough to choose to get a universal cover. But universal covers are usually loose in fit, which makes it very vulnerable to being blown away. With a boat cover that perfectly fits your boat, you can be sure that it’s going to stay on and protect your boat for longer.

Warranty

Finally, make sure that the cover you’re purchasing comes with robust and comprehensive warranties. Warranties are your protection and peace of mind that anytime the product doesn’t meet your standards, you can have it replaced immediately. This ensures that your boat remains protected constantly no matter what happens. 

Look for these three qualities and you can be sure that you get the best boat cover that your boat needs.

Strategies on How to Promote Safety in Warehouse Operations

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warehouse racking

warehouse rackingWarehouses are some of the most dangerous work sites in Australia. Workers in these environments have an increased risk of suffering from occupational injuries.

Hazards arise from accidents caused by machinery and equipment, carrying of heavy loads and the most common of all: slips, trips and falls.

Warehouse managers can considerably reduce the risks of accident with the right safety policies. With these in place, the warehouse can remain a productive and healthy environment for workers, as well as the equipment.

Here are a few of the strategies to include in your safety initiatives:

Slip, trip and fall protection

Of all workplace accidents, falls take the lead in terms of frequency. And this doesn’t just apply to Australian warehouses. Regardless of the industry or sector, falls are the most common injury-causing hazards. Many cases of accidents also result from slips and trips, which is why employers must address all three risks as one and implement preventative measures against them.

Pallet racking damage is a major Workplace Health & Safety Issue. A solid and durable warehouse racking system is a must to keep both your staff and equipment safe.

You may also invest in anti-slip matting or flooring, bright lighting systems and guard rails.

Correct stacking and racking methodologies

Many of the goods and products in warehouses are placed overhead – on racks and shelves. These organisational systems must therefore boast the durability to bear heavy objects without the risk of collapsing. Selective pallet racking is one type of system that can be designed to meet virtually any pallet size or weight.

Equally important is to have all workers undergo training on proper stacking and racking methodologies, as incorrect procedures can result in equally grave accidents.

Your warehouse employees deserve safe and healthy working conditions, so do the equipment and goods. There must be no compromise in safety: invest in proper safety training, equipment and protective gear.

Here’s Why You Should Upgrade Your Warehouse Storage Systems

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warehouse

warehouseCompared with other types of workers, warehouse employees are at a much greater risk of accidents and occupational hazards.

From slips, trips and falls to injuries caused by malfunctioning equipment, a wide range of potential injuries face workers every day. Warehouse owners or operators must implement stringent safety procedures to improve and maintain the safety of workers.

With proper safety practices, you can prevent many of these unwanted and often dangerous incidents taking place in your own facility. Considering your business revolves primarily around storage, then an upgrade to your warehouse racking system is a good place to start.

A system that grows with your business

When upgrading warehouse operations, warehouse managers usually think of expansion.  Expanding operations means catering to more customers, which also translates to more profits. Consider first the additional facilities this upgrade will require, such as proper and safe storage equipment. One way to achieve this is through the use of adjustable pallet racking systems.

Also known as selective racking systems, adjustable pallet racking systems have become a popular and sought-after warehouse storage solution for their suite of useful properties. The adjustability of the system allows for increased storage, while keeping goods and more importantly, your workers, safe from potential collapse.

According to storage systems manufacturers, selective pallet racking is the most desired option because it offers 100% selective storage up to 12.8-m in height, meaning it utilises valuable air space.

More storage in a restricted space

Next to operations expansion is expansion of the physical space.  And this doesn’t always pertain to increasing the ground area of the facility. In some cases, warehouse managers make way for more space – and hence, storage – by maximising the available space. This is attainable through innovative and well-designed racking systems that utilise air space and are tailored to the facility’s specific requirements.

By investing in high-quality storage systems, you can keep warehouse operations properly organised, prevent the risk of workplace injury, and create more opportunities to prosper and grow.

3 Ways Franchising Can Benefit Your Small Business

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A businessman at a meeting

A businessman at a meetingHas your small business been successful the past years? Have you been thinking about expanding it? Have you been researching topics like “How to Franchise My Business” or “Is Franchising for Me”? Then perhaps it’s time to take action.

Franchising has been a growing practice for many businesses, and it continues to grow even through the age of technology. In 2017, there were over 745,000 franchise establishments in the US estimated to be in operation.

If done strategically, franchising can make your business grow in ways you have never imagined. Here’s a breakdown of how you’ll benefit from franchising your small business.

It provides for the expansion capital.

If you’re branching out, you might have to borrow money to fund that kind of expansion. In franchising, whatever the franchisee pays will be enough to cover this. You won’t have to worry about registration, rent deposits, fixtures and other expenses. The franchise fee can pay for all of that.

It eliminates employee-related issues.

Whoever buys your franchise will also employ their own managers and staff. This frees you from having to deal with labor issues such as worker’s compensation, employee complaints or background checks.

It gives your business the chance to expand overseas.

With the help of technology and the world wide web, you can franchise your business to international prospects. This automatically makes your business an international brand. Going global will now be more achievable.

Remember that any business move must be planned and executed well to reap its maximum benefits. Franchising is no different, especially since you’re dealing with entities that will be carrying your brand.

One wrong move can make your franchising strategy go the other direction. So, take your time and trust your instincts, because that’s what good entrepreneurs do.

The Preparations You Need to Make Prior to Filing for Divorce

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Girl contemplating divorceDivorce is almost always an extremely difficult time for everyone involved – the couple, their children, other family members, and even friends. There are many cases though, wherein dissolving a marriage is already the best move, however sad and unfortunate it sounds.

Every state has its laws and regulations regarding this matter, and in Colorado, anyone who wants to file for marriage dissolution has to meet certain requirements first. For instance, as a resident of Boulder, you have to file with the correct local court, which is the 20th Judicial District / Boulder County. An attorney specializing in family law can help make the process smoother and less taxing for you.

The legal grounds for divorce in CO

The Centennial State is a no-fault state. In other words, you don’t necessarily have to prove spousal misconduct, such as neglect or adultery so that you can file divorce. The only legal ground for divorce here is having a marriage that has ultimately broken.

Note, however, that spousal misconduct can affect certain aspects of the divorce though, such as parental responsibilities, marital property division, and alimony. As such, it’s best that you also gather the necessary documents if you’d have to prove any of these.

Preparing yourself for the potential outcome

In most cases, a divorce can change the lives of the people involved, particularly in financial terms. Whether or not you have children, this is one of the most important things you have to prepare yourself for. The courts may or may not grant alimony (the monetary support that a spouse found to have committed the marital misconduct gives to the other spouse), so prepare for the worst-case scenario.

The bottom line is, you don’t have to feel scared or alone when seeking a divorce. A legal professional can guide you throughout and even after the proceedings, providing you with both legal and emotional support that every person going through divorce needs.

What You Need to Know as a Snowboarder Newbie

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Man doing snowboarding

Man doing snowboardingYou’ve recently enrolled in a snowboard course near Chicago from institutions such as Chestnut Mountain Resort, and you feel like you’re ready to hit the slopes. As a beginner snowboarder, however, there are important tips to remember to avoid injuries and other mishaps.

Bear in mind that injuries are common especially when it’s your first time. You are still prone to lose your balance. Though serious injuries are rare, you can still suffer from fractures, sprains and wrist problems. So don’t rush on the tricks and take it easy with these tips.

Take your lessons seriously

Unless you’re gifted with extraordinary talents, taking snowboarding lessons will go a long way. Not only will you learn the proper technique, which is crucial, but you’ll also be given the appropriate lessons before you jump into a more serious technique that might put you off balance.

As you learn, listen to your instructors attentively for an effective ride across the slope. And though you will fall a lot at first, you’ll be taught how to fall the right way that prevents serious injuries.

Invest in your gear

If you think the appropriate equipment is only for advanced snowboarders, think again. Having the right gear on your first run is as important as wearing the proper gear when you’re ready to nail your first trick. Wearing protective gear also prevents injuries.

Wrist guards, for instance, can save you from fractures, and wearing a softer boot can help you gain more control of your board.

No matter what your goal is, it’s always good to make a plan to track your progress and ensure that you don’t stay on the same level for too long. But as you progress, anticipate more hard work, especially when it comes to your fitness.

Don’t forget to raise the bar too when it comes to your capabilities so you can become a better snowboarder in no time.

3 Must-Have Tools in Your DIY Tool Kit

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Topview of toolbox

Topview of toolboxThere’s something about DIY projects that excites most homeowners. Everyone has a creative side and what better way to express it than by doing some simple projects around the house? You even get to save money in the process.
So, which tools will you need for your DIY projects? Herrick Industrial Supply gives some recommendations.

A cordless drill

Whether you are hanging pictures, putting up cabinets, or fixing a fence, a drill is one of the tools that can make the job easier. The cordless drill is preferable because of its flexibility, particularly when you are working at height or in awkward positions where cables might become entangled. Don’t forget to buy appropriate drill bits from your local hardware or online.

A table saw

Fun as they may be, some DIY projects can pose a danger, especially if they involve cutting. The last thing you want is a couple of missing fingers at the end of a project. That may sound a little far-fetched, but you’ll be surprised what injuries a simple mistake can cause. Choose a table saw that uses a technology that stops the blade the moment it comes in contact with your skin.

A nail gun

There are few DIY projects at home that won’t require you to use nails. These days, some people use a hammer for these projects. A nail gun is a better option, as it is faster and safer to use. You’ll need a framing nail gun for bigger projects, such as fixing the fence, as well as a finishing gun for smaller projects where you’re using nails shorter than 2.5 inches.

The outcome of any DIY project at home greatly depends on the type and quality of the tools you use. The good news is that you need not buy everything at once, although it’s important to make sure every tool you buy is the best one for the job.

Top Reasons to Consider Owning A Cellphone Repair Franchise

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cellphone repair

cellphone repairAccording to statistics from the analytics firm Flurry, US users spend up to five hours a day on their mobile devices. As adoption and usage of smartphone technology increases so does the demand for repair services that can keep user devices serviceable past their original warranty period. It’s a great time to own a cellphone repair franchise, and if you’re still on the fence about it, then here are some great reasons why you should consider operating a franchise as well.

Flexibility

Owning a franchise gives you the opportunity to be your own boss. Now granted, that’s not an excuse to lounge around sipping martinis all day. Operating your own business requires just as much effort, hard work and dedication as a regular 9-5. In some cases, it requires more. But a franchise gives you everything you need to not only start your business but to help it grow and thrive as well.

Business support

While starting your own business from scratch can be a daunting prospect, franchises take a lot of the guesswork and uncertainty out of the equation. Your franchise partner will provide you with ongoing support, guidance, established processes, technology, and supplier contracts, to get you started and more.

Massive client base

According to the Pew Research Center, 95% of all Americans now own a mobile phone of some kind. Considering that phones are not indestructible, you’re looking at a market that is potentially worth billions of dollars a year.

The rapid pace at which phones are becoming more ubiquitous by the day means that capturing even a small segment of the repair market can be enough to sustain and grow your business. Armed with a knowledgeable franchise team and a proven business plan, you’d be well on your way to operating your franchise in no time.

Sheds and Shelters for Summer

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outdoor shelterThe long hot summer is here. One thing that you should begin planning about is how to store the things cluttering up your room. You need storage for toys, sports gear, boxes, bicycles, and any other item that needs to be kept away.

You should consider consulting with storage or shelter designers. When doing so, you need to know the following.

Do you have a Construction Space?

These designers are experienced and their expertise includes being creative. Hence, your seemingly small space should not be a problem to them.

The Design Stage

The designers will visit the place, assess the site, and consider your specifications. For instance, the design may depend on the purpose of the shelter and your preferences.

How long does it take to build a shed or shelter?

One thing that you must know is the length of time needed to complete the construction of your shed. The time it takes depends on the size of the shed or shelter. It also depends on the complexity of the design, the waiting time, and the weather. However, real experts will be committed to meet your deadline.

For this reason, you need to set expectations prior to the start of the project. This will allow the designers more time to make all the necessary arrangements.

Cost

The moment you think about setting up an outdoor shelter, the other thing that comes to mind is the cost. Consult with your designer to know the total cost required. This helps you in budgeting for the entire design and construction period.

A storage shelter is an important setting for all seasons. You must consider the mentioned tips before you think of moving excess items from the house. These are very important points to consider before settling to construct a shelter. It makes the construction project easier.