Originally Posted On: https://johnsavadjian.wordpress.com/2022/01/20/is-combining-investments-the-right-idea-when-getting-married/ Getting married involves more than its fair share of decision making. One of the biggest of…
Originally Posted on: https://johnsavadjian.wordpress.com/2022/02/22/financial-planning-resolutions-for-2022/ Now that we’re approaching the tail end of February, it’s not too early to assess the…
The COVID-19 pandemic has affected nearly every aspect of our lives. And with so many people laid off or working reduced hours, many people’s personal finances have been thrown into complete disarray. In other words, the pandemic is changing the way people deal with money. While there is still a great deal of uncertainty ahead of us, financial planning should not take a backseat just because it’s become more difficult to forecast for the long-term. Regardless of your current financial situation, there are steps you can take to lessen the financial hardship of the Covid-19 pandemic and prepare for the future.
So you say that you’re about to fulfill a lifelong dream of owning your own business. Being your own boss. Before you get the gears in motion, first… stop and catch your breath, then compile a list of items to ask the mortgage broker who will, hopefully, be able to bring those dreams to fruition. Your best bet for choosing a mortgage broker is to locate someone who is both trustworthy and an expert in commercial real estate financing. Let your lender be a friend and help guide you through this process.
Before you grab a pencil and paper to write your list of questions to ask the lender, there are a few questions you need to address about yourself first:
Hospitals today are not the same as you may remember from back in your youth. Hospitals, for the most part, are all about making a profit these days, and, since the Affordable Care Act (“ACA”) became a reality, more and more people find themselves with elective surgeries are on the rise. The ACA has also increased the need for more hospitals, as well as doctors and related hospital staff. Truly the ACA has been a win-win situation in the medical field, especially when you discover that as recently as 2014, hospital’s uncompensated care costs were estimated to be a whopping $7.4 billion, or 21% lower in 2014 than they would have been in prior years due to the absence of coverage expansions. One of the ACA’s chief aims was to incentivize hospitals to promote high-quality care and avoid unnecessary re-admissions, and slowly and surely this is coming to fruition.
Most people are familiar with the process used to gain a residential mortgage for the purposes of purchasing a home, which seemingly never-ending monetary obligation the homeowner must make until that loan is paid in full. Perhaps you remember your parents, or a relative, celebrating the payment in full of that loan by having a “mortgage burning celebration”.
Procuring a loan for the purpose of purchasing a building, maybe to be used as a family business, or a retail store, can be a rather arduous process. You must have all your finances and paperwork in order before you even attempt to begin that venture. Is this a daunting task? Well, you could make it easier on yourself if you secure the help of an expert who specializes in loans for retail construction. Such an expert would be instrumental in paving the way for a potential future business owner to achieve a commercial loan with minimal obstacles to that ultimate goal.