The Factors That Determine Mortgage Approval

When applying for a mortgage, the lender you have chosen will take many factors into account.

These factors not only influence what type of loans you can qualify for but also what your monthly payments will be and how many years you will take to pay the loan off completely.

Knowing these factors and doing what you can to improve them all can make a tremendous difference when you go and see your lender and start the process that will get you your new property.

Some of the basic factors apply for just about any loan but are especially important if you are trying to get a mortgage.

 The big one is credit !

How good is your credit Get copies of all of your credit reports from the 3 major consumer reporting companies and check each one for errors.

Many times they have errors that can be corrected in just a few weeks and that helps boost your score.

 If you have credit cards, pay them off as well as any other outstanding bills.

A nice large down payment will always improve your chances of being approved.

If your credit isn’t completely top notch, the bigger the down payment, the more likely you will get improved.

If your credit is great, you can still put down as much as possible to lower the monthly payments or decrease the total loan time.

Above all else, don’t lie to your lender.

If you tell them you are a supervisor of a power plant and they find out you are a DHL man who only had the job for 6 months, you will be totally screwed !

 Be honest and your lender will do their best to work with you.

All The Best.

ELearning Is The Go Of The Age

The idea of eLearning is to popularize an in-depth, convenient, interactive mode of education through the Internet. 

Scientific research reveals that the best way of learning methodologies are the mix and match of 3 modes namely Instructor Led Test ILT, Web Based WBT and Computer Based CBT.. 

The popular terms are ILT, WBT and CBT. The more demand of career orientation in this highly competitive professional world and the simultaneous problems of routine study system through the formal mode of education (ILT) have left us with the only option of eLearning. 

The reach of the Internet to the furthest corner of the world has really eliminated the geographical distance. 

The forums and online helps have made eLearning real time. 

The laptop has given one the flexibility to enhance his skills even while traveling.

The time-bound schedule of ILT has put it slightly below in the common mode of learning. The lack of updating and upgrade ability in case of CBT has not allowed it to top the list even having the flexibility of carrying heavier graphics and movies.

Rather now the people are becoming aware of even today’s updates through Internet.

The convenience factor in eLearning has been fueled by the factor of “learning at one’s own pace”.  

The dollops of at his own residence has made eLearning more dependable way of education.

Now, what are taught in eLearning? The answer in one word is “Infinity”. 

Some may teach Computers, some management, some again cooking and mixing. 

There are sites today, who are teaching  even plantation and e-security. 

Lets assume, you are tired at the end of the day and your strain has become a stress on you, which has started affecting your personal life badly. 

Don’t you feel to get a course in Stress Management? If you think of the cost, it may be at a price of $100, that too on the higher side.

The pro-metric certifications have been continuing for long. Sun, Oracle and Microsoft have been continuing their online certifications for years. 

Many educational portals have come up in the recent past including some top shots coming up with their eLearning mode. 

eLearning caters to the need of the age group between 6 and 65. 

If a housewife does not find time or a senior executive of a multi-national firm feels shaky for attending courses with the junior people, eLearning is the only solution for her to accomplish further education and enhance the knowledge base.