Loans have always helped people to achieve their financial goals or take care of emergencies. Although the lenders get a profit from the interest paid, they are always at the risk of losing their money. To avoid this, many of them require some form of security such as an asset.
When an asset is used, an appraisal is conducted to assess its value. This could be an existing property or the one you actually intend to buy with the loan you are applying for. The portion of the asset that is used to secure the loan is called the loan to value (LTV) ratio.
For those who are used to applying for loans, this might not be new, but for newbies, there is a lot to learn to understand how the loan to value ratio works.
Understanding the Loan to Value Ratio
It should be clear to the borrower what the loan to value ratio means. It will show you how much of the property you own and how much the lender can claim should you default on paying. If your outstanding loan equals half the value of the property you have used as a security, then the LTV ratio is 50%. Simply, the loan to value ratio is calculated as follows.
Outstanding loan/value of the appraised property x 100.
It applies to different types of lending such as land and home loans, asset financing, and business loans to mention a few. Hence, you need to negotiate with your lender to determine how you will go about it.
How Loan to Value Ratio Works
When lenders provide an amount of money near the value of your property, they consider it a higher risk. Hence, they must consider other factors on top of the loan to value ratio to get an assurance that you will pay.
- Your monthly income - Whether you own a business or are employed by one, a stable monthly income is a plus. The lender will ask for a bank statement or any other document that proves your financial stability.
- Credit score - Even with a property, the lender might want to know your past credit history. A stable credit score is a plus since it shows that you have been paying your loans and bills well. If yours is low, you need to start working on improving it.
Does the Loan to Value Ratio Affect Interest?
Loans that are considered high risk generally have a higher interest rate anywhere in the world. That said, mortgage borrowers with a loan to value ratio of over 80% understandably should pay a higher interest rate. In such a case, the borrower is also required to obtain insurance coverage to protect the lender from loss. With this, the lender can offer a lower interest rate because some risk is mitigated.
Borrowers with an LTV ratio of 50% and below are in a position to negotiate a good interest rate even without insurance coverage. After all, the lender can easily recover their money from the sale of the asset at an auction.
Other Things to Know
There is no definite loan to value ratio that will warrant or deny you a loan. Homebuyers can get financing even at an LTV ratio of 95% if they pay for insurance coverage. Hence, the final decision lies with the lender; they assess numerous factors before they give you a loan. So, all you need is to apply in the right way and wait for the lender to process your application.
As you can see, getting a loan with a loan to value ratio that is appropriate to your situation is not rocket science. Your lender will check many other things, and if they find these compelling enough, they will grant you the loan.
Project management is not a straightforward undertaking. Project managers have to deal with a number of stakeholders and contributors, interact with clients, and engage in delegation that enables them and their team to function with efficiency and beat project deadlines.
Managing complex projects with multiple variables that involve even more contributors cannot be done without a set project management approach.
Choosing a project management methodology will enable project managers and contributors to work in tandem, as they will be aware of the process and workflows involved within the methodology or approach being used for the management of the project.
It is no secret that choosing the right project management methodology can prove to be extremely beneficial for any organisation. On the other hand, choosing the wrong methodology can prove to be an expensive mistake that can compromise your team's and organisation's ability to complete the project on time.
The Challenge With Selecting The Right Methodology For Project Management
The complex part about choosing the right methodology is that there is no one-size-fits-all methodology that you can use for any and all projects.
Since each project is (usually) different in nature, the methodology used may also be different for each project. Think about it, each project has its own set of deliverables, deadlines, contributors, technologies, objectives, and stakeholders.
With so many variables, finding one approach that satisfies the needs of all sorts of projects is not feasible.
Besides this, the availability of technology and the technical expertise of your team also matters. For instance, if you are using a free project management software, you must first ensure that it supports the charts, graphs, or any other management tools that your selected project management methodology demands.
Similarly, if these management features or tools require the users to be technically adept, you may also want to consider the technical capabilities of your team while selecting the project management methodology for your project.
In other words, choosing the right project management methodology depends on a myriad of internal and external factors.
Selecting A Project Management Methodology
Clearly, with so many variables affecting your decision, you need a process that enables you to select the right project management methodology.
While the process employed for this purpose may vary for different organisations and project managers, there are certain considerations and steps that are common in all such processes. These are:
Analysing the internal and external variables that will affect the choice of project management methodology. These may include project objectives, the nature of the project, client preferences, contributors, timelines, and any other factors that you may find relevant to this decision.
Determining which project management methodology will align best with your project's goals and timelines will require you to consider the pros and cons of all relevant methodologies. Consider each methodology individually and think about how it will influence the outcomes of the project. The objective here is to find a project management methodology that will produce the best efficiency with the least amount of risk.
Implementing the methodology chosen in the previous step will allow you to test your hypothesis. Remember, even at this point, it is alright to pivot your project management methodology. In fact, this is our next step.
Measure results after you have implemented the methodology of your choice. See how it is affecting the productivity, analyse if your project is progressing as it should. It is also a good idea to take feedback from your team members.
Optimise based on the intelligence gathered in the previous step.
The above-mentioned steps are a great starting point for selecting the right project management methodology. Keep in mind that the process of selecting a project management methodology is a continuous one. In many projects, different methodologies work best at different stages of the project.
Security is a crucial aspect of digital life. With the current global pandemic, more of our daily activities are occurring online. Things such as banking, grocery shopping, and working from home are all happening virtually. While online life is undoubtedly necessary and can be convenient, it does raise privacy and security concerns. It's essential to keep all of your systems and software up-to-date with the latest security patches.
Recently, Microsoft retired the venerable Internet Explorer (IE) browser in favor of the new Microsoft Edge for Windows 10 and Linux. Updating from Internet Explorer to Edge is a quick and easy process. But what can you do about all those passwords still saved in Internet Explorer? Leaving the passwords won't harm your computer, but having all your login credentials stored in an outdated database can be a potential security risk.
Follow the simple steps below to erase your stored credentials from IE and keep your information secure.
Delete IE Passwords to Enhance Security
Internet Explorer has been the most popular browser for over two decades! People have gotten used to its familiar interface and developed habitual workflows. IE has reached end-of-life according to Microsft. Versions of IE prior to 11 no longer receive necessary security patches or support.
Experts agree that old and outdated software that has access to your sensitive information poses a security risk. The inherent dangers become even more significant when it pertains to internet browsers. Because so much of our personal information is digital and always connected, safeguarding that information is essential.
If you have recently transitioned from Internet Explorer to an updated web browser, here's how to erase your stored passwords from IE:
- From the main Internet Explorer window, select the Tools icon in the upper right-hand corner of the window (the gear icon)
- In the Tools menu, select Internet options
- Once in the Internet Options window, select the Content tab, and then click the Settings button in the AutoComplete section.
- From the AutoComplete Settings window, click the Manage Passwords button, which will open the Credential Manager
- In the Credential Manager, scroll through the list of saved passwords to delete individual credentials. Click the "expansion arrow" to see details, and then click the Remove link to delete the password
- Click Yes in the prompt to confirm deletion of the password
If you have many passwords stored in Internet Explorer and want to remove them in one broad stroke, you can do that too! Here's how:
- Select the Tools (gear icon) from the main Internet Explorer window.
- Highlight Safety, and select Delete Browsing History from the Tools menu
- In the Delete Browsing History window, check the boxes for Form data and Passwords
- Click the Delete button
There will be no confirmation for this action, so be sure that you want to erase all your IE passwords before you click the button! The items you delete are gone for good, and there's no way to recover them.
Please note that this will not erase any of the saved passwords or login data for Microsoft Edge. Using the Credential Manager from the steps above will only affect Internet Explorer and legacy Windows applications.
Keep Your Data Secure by Making it Obscure
Now that your passwords and login details with been removed from your outdated browser, you can have extra peace-of-mind, knowing that there's one less attack vector.
There is an ongoing discussion about whether keeping track of the latest technological updates and trends is one of the hardest things you will ever have to do. Well, the truth is that we are a part of this new digitalized era that is filled with various technological advances. All of this only contributes to the overall development of technology and with that the implementation in every possible aspect of our lives. To put this in other words, no matter which side you are on, the reality is that technology will only get even bigger and better, so you need to jump on this wagon if you do not want to feel left out.
This only implies that you will become even more tech-savvy than you have ever imagined being. Because no matter the age of the users, everyone has the ability to learn to operate with technology. But this only indicates that technology is moving towards being an easy and simple segment to understand. Whit this the number of users will only increase.
If you continue reading you will find out what you need to know about the latest tech updates.
The Future of Entertainment
Technology is responsible for this major shift in the entertainment aspect of your life. There is more and more attention driven to the fact that people enjoy playing online games, especially, Casimba, the best online roulette games. This indicates that technology is changing the way you are used to enjoying these classic casino games. You will no longer have to be at a land-based casino in order to place bets in your favourite game.
The latest technological development is focused on bringing your favourite games to your smartphone, so you can enjoy them no matter where you actually are. More and more casino game developers are creating compatible versions of their games that are best suited for every type of smartphone.
This means that for you to be able to play your favourite game, you need to have an internet connection because the device is already in your pocket.
The World of Apps
Everybody is familiar with the latest technology trend which is the world of application, or apps for short. Because of the general shift to a mobile aspect of technology, there are so many useful apps that are thriving right this moment.
But, we will spend eternity trying to mention every single one of them. So, to avoid keeping you here forever, we just want to show you that you have the complete control of finding the most suitable apps for your particular needs and take all of the benefits they have to offer.
There are so many things out there, starting from editing photos, games, social media platforms, educational platforms, all the way to self-improvement ones and so much more.
You just need to be aware of your particular preferences, search for the app, download it, and enjoy all of the advantages that come with it.
The use of personal computers (PCs) is already a necessity, not only for work purposes but also to get through the requirements needed in school. For this reason, almost all households now have a reliable PC, or even a laptop, to be used as necessary. However, there are instances wherein your PC encounters certain errors that prevent it from working as expected. Before you think about replacing your PC immediately, read on to know the benefits of having your PC repaired instead.
One of the primary benefits of having your PC repaired over buying a new one is the amount that you will save. In buying a new computer, you may need to shell out a significant sum upfront, which is sometimes not a viable solution. On the other hand, having your PC repaired can only be a fraction of the cost of getting a new one. However, this depends on the kind of issue that your PC is encountering.
The amount of money that you have to spend also depends on the service that the technicians need to perform to address the root cause of your PC's problem. To ensure that you are getting the value of your money in having your PC repaired, make sure to look for reputable and reliable computer technicians. In this case, part of their quality computer service is ensuring that your PC problems are solved within a reasonable time. This can be attributed to the fact that reliable technicians have sufficient experience when it comes to these issues, allowing them to identify and solve your PC problems rapidly.
Save Valuable Files
Another benefit of having your PC repaired rather than getting a new one is a possibility for you to retrieve and save your valuable files. In case you decide to get a new computer, then you may no longer access the files that you have in your old PC unless you have it repaired. This means that even if you get a brand new PC, you will still need to have your old PC serviced for you to retrieve the files that you need, particularly if you don't have any backup or you don't leverage cloud storage.
In having your old PC repaired, you are somehow extending its lifespan, particularly when some of its components are upgraded during the repair process. This means that you get to use your computer longer, without having to worry about having the money to buy a new PC. This is an advantage that you should not take for granted, particularly because brand new PCs don't come cheap.
It is inevitable that at some point in time, your PC may already encounter certain issues that mitigate it from working properly. While you may think about getting a new one instantly to ensure that your work is not disrupted, perhaps you should consider first whether your PC can be repaired. In this case, you can reap the benefits of having your PC repaired or serviced, as listed above.