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6 Must Know Tips for Finding the Right Mortgage Company

6 Must Know Tips for Finding the Right Mortgage Company

The joy that comes with owning a house is overwhelming, but from the financial aspect, purchasing a home is not an ordinary decision; it is the first foundation for a variety of decisions over the course of a lifetime.

Just like any major financial decision, before agreeing to settle on any mortgage, your goals and aspirations should be your deciding factors and choices. However, choosing the right mortgage company requires some vital steps to avoid pitfalls.

Following are the tips for choosing the right mortgage company.

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1. Mortgage Company Reputation and Review

The reputation of a company is vital and directly proportional to it growth, therefore, when searching for companies and consultants alike, you should also consider checking on their reputations and what people has to say about them.

Most importantly, not only should you look at their current, past reviews and remarks; you will also need to go on a personal investigation or hire someone. When you get an opportunity to speak with an employee of the Mortgage company or consultants, ask questions about remarks and comments you read online, this could clear you of some uncertainty.

2. Consider The Type of Lender

All companies irrespective of services usually come in different sizes of big, medium or small. If you want to deal with someone who is more personal and down to earth, opt in for a smaller mortgage company but they may not be able to get you good interest rates, unlike the medium and larger company or consultants who often have different and flexible rates. Also, ensure you do a thorough research and comparison.

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3. Ask Close Acquaintances

You could look around and ask your close ones who already own a home. Ask them how they had a smooth process, ensure you ask every single question about the mortgage company in question.

Here are some questions that could be helpful.

  • How were you treated?
  • What was the application processes?
  • Is there interest rate flexible?
  • How did you hear about them?
  • Rate the company’s services on a scale of 1 to 5?
  • Do you think I should go on with them?

4. Hire a Broker

Not everyone has the strength to do all of the research themselves. One important decision will be whether to do it yourself or to use the services of a broker who can save you time when you are looking for a mortgage company.

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However, you need to know that brokers earn commission by arranging deals between the borrower and loan agent. Some have been known to pair a client with the mortgage offering the broker mouth-watering profit, instead of the lowest cost to the client.

Do your homework on any broker you are considering before hiring one.

5. Check Out their Website

A company with a website dedicated for the purpose of mortgaging will go a long way in telling you how serious and committed they are. These websites should be filled with information on mortgages, like basic FAQ’s, types of mortgage and lots of information that can be a deciding factor for you.

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More importantly, such a website will provide access to customer services contact details.

6. Real Estate Agents Can Assist

Ask your real estate agent for good mortgage consultants, even though some agents have affiliated mortgage lending businesses, most will do more and refer the best mortgage company and consultant around town.

Some real estate agent will also tell you companies that take real care of their clients. Using a real estate agent could get you a discount at closing or a free upgrade. Do not ever underestimate their ability on this.

To own a home, do not rush it, follow due diligence and embark on a rigorous decision-making strategy, so as to get it right. Partnering with a good mortgage company can really make all the difference.

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Published on July 7, 2020

Brain Training: 12 Fast, Fun Mental Workouts

Brain Training: 12 Fast, Fun Mental Workouts

Exercise isn’t just for your body. Just as important is keeping your mind strong by training your brain with fun mental workouts.

Think of your mental and physical fitness the same way: you don’t need to be an Olympian, but you do need to stay in shape if you want to live well. A few cognitive workouts per week can make a major difference in your life.

The Skinny on Mental Workouts

Physical fitness boosts your stamina and increases your muscular strength. The benefits of working up a mental sweat and brain training, however, might not be so obvious.

Research suggests that cognitive training has short- and long-term benefits, including:

1. Improved Memory

After eight weeks of cognitive training, 19 arithmetic students showed a larger and more active hippocampus than their peers.[1] The hippocampus is associated with learning and memory.

2. Reduced Stress Levels

Mastering new tasks more quickly makes the work of learning less stressful. A stronger memory can call information to mind with less effort.

3. Improved Work Performance

Learning quickly and remembering key details can lead to a better career. Employers are increasingly hiring for soft skills, such as trainability and attention to detail.

4. Delayed Cognitive Decline

As we age, we experience cognitive decline. A study published by the Journal of the American Geriatrics Society found that 10 one-hour sessions of cognitive training boosted reasoning and information processing speed in adults between the ages of 65 and 94.[2]

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Just like in physical exercise, what’s important isn’t the specific workout. To be sustainable, cognitive workouts need to be easy and fun. Otherwise, it’s too easy to throw in the towel.

Fun Brain Training Exercises for Everyone

The best about fun mental workouts? There’s no need to head to a gym. Feel free to mix and match the following activities for daily brain training:

1. Brainstorming

One of the simplest, easiest ways to engage your brain? Coming up with solutions to a challenge you’re facing.

If you aren’t good at solo ideation, ask a partner to join you. When I’m struggling to come up with topics to write about, I call up my editors to bat ideas around. Friends or co-workers are usually happy to help.

2. Dancing

Isn’t dancing a physical workout? Yes, but the coordination it requires is also great for training your brain. Plus, it’s a lot of fun.

Studies suggest that dance boosts multiple cognitive skills.[3] Planning, memorizing, organizing, and creativity all seem to benefit from a few fancy steps.

3. Learning a New Language

Learning a new language takes time. But if you split it up into small, daily lessons, it’s easier than you might think.

With language learning, every lesson builds on the last. When I was learning Spanish, I used a tool called Guru for knowledge management.[4] Every time I’d learn a verb tense, I’d create a new card to give me a quick refresh before moving on.

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4. Developing a Hobby

Like languages, hobbies take time to develop. But that’s the fun of them: you get a little better—both at the hobby and in terms of brain function—each time you do them.

If you’re trying to train your brain and improve a certain cognitive skill, choose a hobby that aligns with it.

For example:

  • Attention to detail: Pick a hobby that requires you to work patiently with small features. Woodworking, model-building, sketching, and painting are all good choices.
  • Learning and memory: Choose an activity that requires you to remember lots of details. Your best bets are hobbies that require lots of categorization, such as collecting stamps or coins.
  • Motor function: For this brain function, physical activities can double as fun mental workouts. Sports like soccer and basketball build gross motor functions. Fine motor functions are better trained through activities like table tennis or even playing video games.
  • Problem-solving: Most hobbies require you to problem-solve in one way or another. The ones that test your problem-solving skills the most, however, take some investigation.

Geocaching is a good example: Using a combination of clues and GPS readings, geocaching involves finding and re-hiding containers. Typically done in a wooded area, geocaching is a fun way to put your problem-solving skills to the test.

5. Board Games

Playing a board game might not be much of a physical workout, but it does make for a fun mental workout. With that said, not all board games work equally well for cognitive training.

Avoid “no brainer” board games, like Candy Land. Opt for strategy-focused ones, such as Risk or Settlers of Catan. Remember to ask other players for their input.

6. Card Games

Card games build cognitive skills in much the same way board games do. They have a few extra advantages, though, that make them worthy of special attention.

A deck of cards is inexpensive and can be played anywhere, from a kitchen to an airplane. More importantly, a deck of cards opens the door to dozens of different games. Challenge yourself to learn a few in an afternoon.

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7. Puzzles

Puzzles are great tools for building a specific cognitive skill: visuospatial function. Visuospatial function is important to train because it’s one of the first abilities to slip in people struggling with cognitive diseases like Alzheimer’s.[5]

Choose a puzzle you’ll stick with. There’s no shame in starting with a 500-piece puzzle or choosing one that makes a childish image.

8. Playing Music

Listening to music is a great way to unwind. But playing music goes one step further. On top of entertaining you, it makes for a fun mental workout.

Again, choose an instrument you know you’ll stick with. If you’ve always wanted to learn the violin, don’t get a guitar because it’s less expensive or easier to pick up.

What if you can’t afford an instrument? Sing. Learning to control your voice is every bit as challenging as making a set of keys or strings sound good.

9. Meditating

Not all cognitive exercises are loud, in-your-face activities. Some of the most fun mental workouts, in fact, are quiet, solo activities. Meditating can help you focus, especially if you have pre-existing attention issues.

Don’t be intimidated if you’ve never meditated before. It’s easy:

  • Find a quiet, comfortable place to sit or lie down.
  • Set a timer for 10 minutes, or for however long you have to meditate.
  • Close your eyes or turn off the lights.
  • Focus on your breathing. Do not try to control it.
  • If your thoughts wander, gently bring them back to your breath.
  • When the timer goes off, wiggle your fingers and toes for a minute. Slowly bring yourself back to reality. Remember the sense of serenity you found.

10. Deep Conversation

There’s nothing more mentally stimulating than a good, long conversation. The key is depth: surface-level chatter doesn’t get the mind’s wheels spinning like a thoughtful, authentic conversation. This type of conversation helps in training your brain to think more deeply and reflect.

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Choose your partner carefully. You’re looking for someone who’ll challenge your ideas without being confrontational. Stress isn’t good for brain health, but there’s value in coming up with creative arguments.

11. Cooking

When you think about it, cooking requires an impressive array of cognitive skills. Developing a cook’s intuition requires a good memory. Making sure flavors are balanced takes attention to detail. When something goes wrong in the kitchen, problem-solving skills come into play. Motor control is required to stir, flip, and whisk.

If you’re going to cook, you might as well make enough for everyone. Invite them into the kitchen as well: coordinating with other chefs adds an extra layer of challenge to this fun mental workout.

12. Mentorship

Whether you’re the mentee or the mentor, mentorship is an incredible mental workout. Learning from someone you look up to combines the benefits of deep conversation with skill-building. Teaching someone else forces you to put yourself in their shoes, which requires empathy and problem-solving skills.

Put yourself in both situations. Being a student makes you a better teacher, and teaching others gives you insight into how you, yourself, learn.

Final Thoughts

Your mind is your most important possession, and training your brain is needed to maintain its health. Don’t let it get soft.

To keep those neurons firing at full speed, add a few fun mental workouts to your schedule. And if you’re still struggling to get your brain in gear, remember: there’s an app for that.

More Tips for Training Your Brain

Featured photo credit: Kelly Sikkema via unsplash.com

Reference

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