Tag Archives: finance

Finding the Best Mortgage Rate in Utah

Couple in a Meeting for House Mortage

Obviously, the best mortgage rate is somewhere in the vicinity of all-time lows. Today, home ownership is more attainable than ever, with fixed mortgage rates below 4%. Finding a good rate is the first step when choosing the right lender. The experts at City Creek Mortgage recommend some tips on finding the lender that offers the best mortgage rate in Utah.

Compare Mortgage Rates

Although your real-estate broker may direct you to reliable lenders that they may have worked with in the past, do not rely on that. After all, your broker’s main concern is to close a quick deal. The process of securing a mortgage can be complicated, especially to first-time homeowners. Thus, you need to look around for the best possible deal.

Work on Improving Your Credit Score

When applying for conventional loans, a good credit rating is of the utmost importance. The higher your score is, the more preferential rates you will qualify. You will also have more loan choices.

Come Up with a Higher Down Payment

While saving enough money for a down payment is not easy, paying a higher down payment will help you get a lower interest rate. This will allow you to save more in monthly payments down the road. You will also avoid paying for mortgage insurance that most lenders charge if you make a low down payment. A 20% down payment would be ideal for a 30-year mortgage.

Consider How Long You Intend to Stay

If you are sure you will stay in your new home for only a short time before you resell, an adjustable rate mortgage would be more beneficial. This way, you can enjoy the low initial interest rates that come with an ARM. You can then sell your home once your interest rate is set to change. However, this will only work if you are sure you won’t stay in your home for a long time.

Compare rates, improve your credit score, put more money upfront, and consider how long you will stay in your home. Follow these tips to find the best mortgage rate for you.

Conversion Rate Optimization Mistakes You’re Making

Conversion RateConversion rate optimization (CRO) has grown to be one of the most important aspects of today’s online marketing. However, there are two sides to conversion optimization. You get to perform tests, measure the activity, and select a winner that will give the best conversion rate for your business. The options could be signing up for a demo, buying products, or signing up for an email list.

While marketers give you elements to measure before making a decision, these measures can be taken too far. Numbers don’t always reflect quality. Here are some mistakes you might be making.

Your website is not ready for CRO

PR Caffeine says it’s important to reach out to your audience online. A lot of marketers will tell you every website can benefit from CRO, but that’s not always the case. If you haven’t tested the true product market, you’d rather spend time improving your product before implementing CRO strategies. Ultimately, what you’re offering will have a huge impact on your conversion rates.

Your advertisements do not match your experience

Most website owners believe they’re offering the best deal, so they end up with ads that over-promote. Once users see the content, they are disappointed to find that you don’t have the experience or the information to back it up.

According to Facebook, customers don’t like click-bait articles — those that promise one thing but never quite deliver. They will leave and never come back. Invest in learning more about the product you’re offering to be able to present value to your users.

You neglect external factors

While redesigning your website can significantly make a huge difference in improving your site’s design, it can end up affecting your conversion rates. When new users are supposed to relearn how to use your site, they’ll end up leaving. Other external factors such as new technology implementation, a positive press release, or a major disaster could have an impact on your conversion rates.

Conversion rate optimization helps your business improve its revenue. Avoid these CRO mistakes that could negatively affect your business in the long term.

Is a Title Loan the Right Tool for Your Needs?

Title Loan

Title LoanOne of the most popular “quick” loan types, car title loans are second only to payday loans in ubiquity. Their convenience and the relatively lax requirements for borrowing make them perfect for short-term borrowing needs.

It’s easy to get a car title loan, even with poor credit. After you’ve been approved, industry professional UtahMoneyCenter.com explains that you retain full use of your car. The lender will return your vehicle’s title the moment you settle the balance, making it an exceptionally hassle-free process.

But, like any other tool, there are right and wrong situations to use it in. A title loan’s annual interest rate is usually higher than even a credit card, since it is meant for emergencies. In other words, you need to be sure that you can responsibly pay it off.

Who Benefits the Most from a Car Title Loan?

The best case scenario is if you are someone with a high income, but just currently need some quick cash. Whether it’s because you have poor credit or all your cards are maxed out, you are looking for a fast and easy loan. You’re confident that you can pay off the balance in full when the time comes, and will thus be able to keep the interest cost to a minimum.

If you have been struggling to make ends meet for months, however, then a title loan probably isn’t the best choice. You may finally get some breathing room, but if your income is already stretched, then the loan’s interest will just add to your burden next month. There’s a good chance that you’ll fall behind in payments, and the debt will mount until your car is repossessed.

Not everyone should get one of these loans; it could be a better idea to just sell your car yourself. Even if you fit the ideal customer profile, don’t be careless. Always shop around, choose a trustworthy lender, and read the fine print before borrowing.