Wills in business during COVID-19 era? Talking to only one lender. This one is a biggie. First-time buyers might get a mortgage from the first (and only) lender or bank they talk to, potentially leaving thousands of dollars on the table. “A good mortgage loan officer can look at your situation and diagnose any potential roadblocks ahead to give you a clear understanding of your home-buying options,” Arteaga says. How this affects you: The more you shop around, the better basis for comparison you’ll have to ensure you’re getting a good deal and the lowest rates possible. What to do instead: Shop around with at least three different lenders, as well as a mortgage broker. Compare rates, lender fees and loan terms. Don’t discount customer service and lender responsiveness; both play key roles in making the mortgage approval process run smoothly.
Today’s buyers are very educated about comparable sales in your home’s area. You want your home to look like it is a great deal. In order to compete with other sellers, you should have your Realtor provide you with sales prices for similar homes that have already been sold in your area. Find out what your home is worth and then set your selling price 15% to 20% lower. By doing so, you will get multiple bids and more than likely end up with a bidding price that is well over what your home is worth.
For estate trustees and executors who are waiting for the issuance of letters probate and certificates of appointment, which are delayed by court shut downs, the volatile stock markets have created an added nightmare. Any trustee who is responsible for an investment portfolio in an estate or trust must be alert to the impact of the market volatility which has been far wilder during the past months than for many years before. Even if purchases cannot be made, the ability to make sales of securities in order to do as much as possible to protect capital values is something that the trustee needs to arrange with the brokers who hold the accounts. Find additional details on Wills And COVID-19.
Video-witnessing should therefore be a last resort for those cases when there is no other option for getting a Will signed. The government have issued guidance on the steps to be followed. All parties need to be present at the same time by way of a two or three-way live video link. The witnesses must be able to see the will-maker signing the document, not just their head and shoulders. The Will/Codicil then needs to be taken or posted to the witnesses to add their signatures, again via further live video session(s) with clear sight of the witness signing.
Spend Less Than You Earn: Yeah, yeah, I know, it sounds obvious, right? Well, it must not be because according to CNBC, 78% of Americans working full-time are living paycheck to paycheck. Here’s the thing: It’s easy to KNOW that you should be spending less than you earn, it’s a lot harder to actually do it. However, if you want to escape the paycheck-to-paycheck lifestyle that so many others live, you need to spend less than you earn. This is one of the most crucial but basic personal finance tips ever. In order to do this, you need to track your spending. You can do this by either writing your purchases down or by using a free personal finance app. Business Debt: There are a lot of online business ideas you can start on the cheap these days, but a small investment can also go a long way in certain endeavors. Business loans are considered good debt because they are put towards something with the goal of increasing your net worth.
Examples include retail tenants requesting payment holidays from their landlords (landlords being the borrowers under loan agreements) which has in turn triggered potential breaches with respect to interest cover ratio covenants. Lenders and borrowers are generally seeking to stabilize their lending arrangements. At the start of the COVID-19 pandemic we saw a large number of enquiries as to whether a material adverse effect (MAE) under a loan agreement could be invoked to refuse funding or in some cases to call an event of default. See more details on https://techbullion.com/wills-and-covid-19-safeguarding-your-assets-during-a-global-pandemic/.