http://www.articletrader.com/ Articles at ArticleTrader en-us http://www.articletrader.com/business/franchising-of-home-based.html http://www.articletrader.com/business/franchising-of-home-based.html Wed, 30 Apr 2008 00:00:00 -0500
Do you desire Home Business Ownership but cringe at the thought of starting from scratch?

Possibly a Home based Franchise is your answer.

A Franchise is a business in which "... the franchisor, the owner and developer of the franchise system licenses [you] franchisees to use trademarks, service marks, logos, or advertising owned or developed by the franchisor." (International Franchising Association, Franchising basics).

With some franchise programs, the business operates using the Franchisor's brand name only.

Other programs are less restrictive and allow for the usage of both a trade name in addition to the franchisor's brand name.

Common to all franchise programs, the franchisee[ you] is responsible to pay the franchisor, advertising fees, initial fees, service fees, and or royalty fees.

You are responsible for payment whether your business is profitable or not.

Additionally, many franchisor's provide educational programs to franchisees before the inception of the business.

Often times, they've done demographic studies and other studies to ensure that you have greater odds of returning a profit.





Major Franchise Types



• Unit Franchising

Is the most simple type of franchise in which the Franchisor grants the franchisee the right to operate a single operation at a specified location or within a particular territory.

• Area Development Franchising

In accordance with a "development schedule", the franchisee agrees to establish a predetermined number of "unit franchises" within a particular territory.

• Subfranchising/Master franchizing

Is quite similar to Area Development Franchising with the major difference being that the franchisor grants the subfranchisor the option of opening the unit franchises herself or selling the the franchises to third parties. (Common with International franchising)

• Affiliate Franchising

This type of set up is typically used by an owner of an established business who decides to join/affiliate with a franchised chain.

This allows for the benefit of the franchises brand. This is common with many real estate.

• NonTraditional

This type of set up is customized between the franchisor and the franchisee.

Franchises are not the same as Dealerships and distributorships

A dealership or distributorship differs from a franchise in that there is no FEE involved. Dealers purchase products usually from the manufacturer at wholesale prices.

Note however, that a dealership can become a Franchise IF a FEE is paid to the franchisor AND the distributor is dependent upon the franchisor's pay structure.

Considerations when buying a franchise



• There's a benefit to purchasing a franchise that is well known

• Will the franchisor provide ongoing education and support?

• Were demographic studies performed?

• How many of the franchises have closed operation? Why?

• Have you STUDIED the franchiser's Comprehensive Disclosure Statement? It's required by Law that prospective Franchisee's are provided Comprehensive Disclosure, a copy of the franchisor's Standard Franchise Agreement, Audited statements, a list of the names of all of the Franchisees, as well as a copy of all documents that require the franchisees' signing.

By law, each of the above must be provided at least 2 weeks prior to purchase date.

• I've heard the saying, "if you buy a McDonald's, be prepared to eat burger's for breakfast lunch and dinner." In other words, your business requires commitment.

Additional Sources of information

•Success Magazine


•Franchise Sales Press *Get this magazine since it is known for its focus on franchise opportunities. Further, they perform regular interviews with both franchisees as well as with franchisors.

•SBA Small Business Association

•Brokerage firms and analysts Since stock information on A public company is useful.

•Franchise Lawyer •Federal Trade Commission Public Reference Branch

•UFOC "Uniform Franchise Offering circular -- the material that is provided by law, by the franchisor to the qualified franchisee. This is likely the most telling of all information gathered.

•Attorney General's Office

•BBB located in the city of the Franchisor's headquarters.

•Your Banker should have access to the Dunn and Bradstreet Report on the particular Franchisor.

•Contact the franchisor's franchisee's listed in UFOC. *** Prepare a list of relevant questions prior to calling.



Purchasing a franchise usually equates to a reduction in investment risks since the" system" and Franchise name is established, training and ongoing support is provided, market research has been conducted... Conversely…

franchise ownership can be costly. Consequently, it is critical that you investigate the franchise thoroughly prior to purchasing.

There is a continual rise in the number of franchises. Obviously, there's a HUGE market for this method of business ownership. When approached methodically and practically, Franchise ownership can be Very lucrative and much simpler than beginning a business from the ground up.

Be wise and ensure that you conduct sufficient research prior to committment.

If you’ll need financial backing, then you will need to create a business plan. There’s a handy Business Plan workbook available at our site.




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Source: http://www.articletrader.com ]]> http://www.articletrader.com/computers/keeping-your-pc-healthy-at-little-cost.html http://www.articletrader.com/computers/keeping-your-pc-healthy-at-little-cost.html Wed, 30 Apr 2008 00:00:00 -0500 Do your kids, family or friends fill it with all the stuff they find on the internet?

Your computer, just like your car, needs to be serviced regularly to keep it running efficiently. You wouldn't fill your car up with petrol from an old rusty can with a layer of dirty water on the bottom, so you shouldn't allow your pc to be treated that way either.

Any pc connected to the internet is a target for viruses, spyware, and adware and trojan horses.

You need to protect and clean your pc of these nasties which slow down your costly computer.
We will show you how to do at little or no cost in this free report.

Before we start here is our disclaimer we take no responsibility for any harm YOU may do to your computer with this information. Use it at your own risk and be sure you are confident of what you are doing before you start. It's a good idea to make a restore point before installing/uninstalling or changing anything (see below for details)


Firstly Viruses, these are the most newsworthy of the baddies, and because of this most people have heard of them. They are the pc version of the Flu, or in a worse case scenario, Sars, and can kill your computer. There are new viruses released almost daily, and you need to keep up to date with Antivirus software to stop them. Fortunately there is a free program which can help you protect your pc. This is called AVG and is available at http://www.grisoft.com just follow links through the site to AVG Free Edition. Register your email address, download and install it to your pc.
The program is pretty straightforward to use but make sure you keep it updated at least weekly by double clicking the AVG icon (four colored square) in the taskbar and then clicking on update in the window, tick internet as the source and you are good to go. It will automatically update and restart the main Antivirus program. Remember prevention is better than cure though and don't open attachments in emails or even sent to you over instant messengers unless you are sure of the person sending them, even then if you have AVG installed right click the file and use the “scan with AVG” menu item to double check.


Trojan Horses come next on our hit list, mostly these are small programs which record either keystrokes or other information and try to send it back to someone to steal your details. But they can be used to take over your pc completely or partially to use your resources to send spam emails, or launch attacks on other computers on the internet, often for denial of service (DOS) attacks. Most Trojan Horses are removed by the AVG antivirus software, or if not it will alert you to its presence, and you can Google http://www.google.com to find how to remove it. A good prevention measure to stop Trojans accessing the net to send their payload is to use a software firewall; again there is at least one free program you can download, called zone alarm. It will ask you weather to allow programs to access the internet or not, meaning if you get something you know you didn't install accessing the net you can tell zone alarm not to allow it. To download zone alarm, go to http://www.zonelabs.com and follow links to the download section, and then to zone alarm (they are not as prominent as the ones for the Pro version which you pay for). It is a good idea to run a firewall to stop attacks coming in from outside as well your details going out. Windows XP with Service Pack 2 installed has a built in firewall, but zone alarm is much more configurable and does a better job overall.


Spyware and Adware can also be responsible for a lot of pc problems. These are often programs piggybacked onto a free download offered to help you with some other task like form filling on websites (Gator is a well known example but they are open about it). Spyware is used by less scrupulous companies and individuals to report back your surfing habits so they can send ads you're more likely to respond to. These slow down your surfing and also run in the background using your pc's power to do their dirty work. Sometimes the information sent back is even more sinister than just your browsing habits, so beware of software you download and check first. Adware is very similar although is usually contained in tracking cookies (small text files downloaded by your browser containing information to track you through a website). Often these 2 terms are used interchangeably. Another nasty which falls in with these is Scumware, which is a term used to describe software which hijacks another program (usually your browser or modem dialler) and displays only content which its maker wants you to see and often prevents you seeing anything else. The diallers reset your modems settings to dial another (usually very expensive) number rather than your ISP's one. Thankfully some thoughtful individuals have kindly donated their time to give us free programs which will release you from the grip of these fiendish programmers. Download firstly Adware from http://www.lavasoft.de and install and run that (if it finds nothing on your pc I would be extremely surprised) secondly download Spybot Search and Destroy from http://www.safer-networking.org/en/download/index.html and install and run that too, it will pop up a dialog to say it has found adware also on your machine, but it doesn't really mind so close it and continue. As with virus software you should use these and update them both regularly, as you can be sure the people on the dark side of the internet are updating their stuff to keep you hooked into it. Both programs have a button for downloading and installing updates automatically so there is no excuse not to do it before every scan, which we would recommend doing at least monthly and more frequently if possible.


.So now you are protected from viruses, trojan horses, and other pc illnesses so that's it right?
Not quite, I have to say one of the most important things on your pc is your personal data, you can re-install Windows, Office and all the other programs on your computer from the cd's, but your prized pictures, your kids half written essay for that all important exam or your wife’s recipes handed down from generation to generation carefully typed out and saved can't be. Back it up. NOW. Onto cd's if you have a cd writer or if not get one installed or use floppy discs. But for the sake of your sanity BACK IT UP.


And finally some tips to keep your pc running at its optimum.
Before making any changes to your pc or programs, it's a good idea to make a restore point by going to Start, then accessories on the start menu, then clicking System tools and finally the system restore icon. Follow the prompts and create a restore point to return to if it all goes wrong. Sometimes a slow pc is just the result of too many programs running, close down those you're not using, obvious but often overlooked. If you're anything like most pc users you have a bundle of programs start when your computer does, and sitting in the task tray at the right of the start menu. You can close these down manually but if you don't use them at all then why not remove them? If you may want them but not everytime you start up you can go to start, then click RUN and in the text box type “msconfig” without the quotes. Don't worry now this looks daunting but all you need to do is click the tab at the right marked “Startup” and there is a list of all those programs which run as soon windows starts, now apply a little caution and lookup (http://www.google.com again comes to your aid) any you don't recognize. Now those you're sure you don't need running at startup untick the box. Next time you start windows will put up a box to tell you you've disabled some things, as long as your pc works ok now, tick the box to not show it again. If you took of something you need or want back run msconfig again, and retick the box in the startup tab again, next time you restart it will return. My last tip is to run defrag monthly, go to start, accessories, system tools and run defrag, this can often speed up a slowing pc as it makes all the files on your hard drive quicker to access.


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Source: http://www.articletrader.com ]]> http://www.articletrader.com/internet/web-design/the-underlying-integration-creative-suite.html http://www.articletrader.com/internet/web-design/the-underlying-integration-creative-suite.html Tue, 29 Apr 2008 00:00:00 -0500
A few months ago, Acrobat launched its main creative design packages including Photoshop/ImageReady, GoLive, InDesign and Illustrator. After a long period of silence, it came up with a much better package.

Adobe’s Creative Suite now comes in two new packages, the Standard Edition and the Professional Edition. The Standard Edition is composed of Adobe Photoshop, Adobe Illustrator and InDesign. This package contains most of the print-oriented flagships. On the other hand, Adobe GoLive and Acrobat Professional comprise the Professional Edition, which focuses on web design.

Basically, these packages are combinations of the strengths each application offers. They are integrations of tools for handling colour management, screen display, type handling and more. They allow cross-application, meaning any file done in one program can be opened to the other programs as long as the file was created on one of the programs that comprises the packages. When a file is transferred, all other options can be applied. For example, when you open an Illustrator file to Photoshop, that file will be opened as a Photoshop file.

Every creative application on the package uses PDF file format. Not just a PDF format, they use the latest PDF 1.5 format. PDF format allows you to import and export directly. You can embed vector PDFs from Illustrator and bitmap PDFs from Photoshop in a multi-page InDesign PDF. This can also be exported for PDF web display or repurposed via GoLive.

Adobe Creative Suites has a new integrated file management system, which is essential in the software’s workflow and tight integration. Different components and versions of a project are hard to manage, especially when you are going to use a lot of programs, as in workgroups. But Adobe has a solution to this, the Version Cue. Version Cue, through the application of Save dialog, enables you to store all job elements and important version of your project. The Open dialog accesses visual thumbnails of the project file. You will also be warned if other users are using the same file. In other words, it provides file versioning and management.

The packages also contain XMP or eXtensible Metadata Platform standards. This allows you to search for files according to related information like keywords or authors.

Creative Suite applications are guaranteed excellent tools to provide you with your desired result. Think of these packages as the total of all these applications.


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Source: http://www.articletrader.com ]]> http://www.articletrader.com/finance/inside-secrets-to-get-a-construction-loan-to-build-your-own-house.html http://www.articletrader.com/finance/inside-secrets-to-get-a-construction-loan-to-build-your-own-house.html Mon, 28 Apr 2008 00:00:00 -0500
Home loan banking and the internet has changed the mortgage and construction loan industry forever. Today's construction loan choices include the 30 year fixed, 15 year fixed, 1 year ARM, 3/1 ARM, 5/1 ARM, 7/1 ARM, 10/1 ARM and don’t forget the popular interest only loans.

The construction loan of the past was a short term 1 year loan that the customer would have to refinance into a new loan once the construction was completed.

This two time process cost the customer two sets of closing costs and you would have to re-qualify for the new loan once the home was completed.

The most popular construction loan today is the "One Time Close" but not all are created equal. Just like any product there are the best loans, good loans and downright bad loans.

With today's technology you now have the ability to obtain a construction loan from the best banks in the country and sign your loan documents at your local title company or escrow office. This benefit allows you to have the most competitive construction loan available.

The loan that you should apply for is simple; ask for the lowest rate, one time close for a specific period of time that you think you'll be living there.

2. Which lenders/banks have the best construction loans and what do you need to apply?

There are plenty of banks willing to lend money for mortgages, refinancing, home equity loans and every other type of loan. But if you're planning on building a new home, where do you get the best construction loan with the most competitive pricing?

More importantly what is a good construction loan?
A typical construction loan nowadays is a construction to permanent loan that may or may not allow you to lock-in today's low interest rates until the home is completed. If you choose a loan that does not allow you to lock in upfront, the interest rate may end up higher along with your monthly payment.

The most important thing when searching for a good construction loan is to find an experienced construction loan specialist that knows which banks are the best.

The best banks can offer you a low rate now, upfront, before you start building your new home.

3. Should you go directly to your local bank or to a loan broker for your loan?

Most banks offer loans, and going to them is like shopping at a Ford dealer. The only thing you can get at the Ford dealer is a Ford. But what if you want choices?

One way to get different choices is to go shopping to every bank in town. Or you can call an experienced construction loan broker who has done all of the homework for you and has direct access to hundreds of banks nationwide.

A broker is a representative for hundreds of banks. Although the broker serves as middle-man, his or her services will not cost you anything extra. That's because brokers get loans at wholesale rates, and pass them along to their clients at retail prices, just like any other business.

The difference between wholesale and retail is how brokers make money. Therefore, you get the same rate from a broker as if you went directly to the lender yourself.

In Fact, because or their volume, many brokers are able to offer their clients better deals than you can get by talking to the banks on you own.

With an experienced construction loan broker you can shop dozens of the most competitive banks nationwide, work with wholesale pricing and can negotiate on rates and pricing.

4. Should you lock in your construction loan before you start building or let the interest rate float?

If the rates are heading upward, lock. If the rates are stable, relax. If the rates are headed downward, float.

Right now interest rates are at an all time low and can only go up in the near future so make sure your construction loan is locked into today's best interest rates with the ability to float downward.

Inexperienced loan officers will offer their customers an enticing low adjustable rate during construction without an upfront lock-in and the customer may end up having to lock into higher interest rates when the home is completed.

Or the customer is sold on a higher rate during construction with a float down option after the home is built. Again, the rate could be much higher when the home is completed.
Meanwhile the loan officer has been paid and has moved on to the next loan. The only time you want this type of loan is if it’s the only loan you qualify for.

Most loan officers do not explain this to their customers until it's too late (Closing).

Always ask. Is the construction loan rate locked upfront or floating during the construction loan period? Then ask, is the rate during the construction loan the same rate when the loan converts into the mortgage period.

5. What experience does your construction loan officer have and does it matter?

When it comes to money its amazing how fast any loan officer becomes an instant expert at construction loans. You must keep in mind that all loan officers are salespeople. Yes, I know they have fancy titles like loan officer or vice president but the title is nothing but a fancy name for loan salesperson.

Loan salespeople usually have one main goal in mind when helping you with your loan request and that is the commission. By the way, the fancy name for commission in the loan business is called a loan fee, points or yield spread premium (YSP).

Now don't get me wrong, there are a lot of good honest sales people (loan officers) that work very hard at providing you the best service and rates. What’s important is distinguishing the good from the bad.

The following questions allow you to quickly find out if your loan officer is experienced at construction loans.

1. How long have you been doing construction loans? 5 years or more is best.

2. What is the loan to cost (LTC) required for construction loans? This is cash equity such as down payment on land. This can range from 5 to 20%.

3. What is better? The voucher or draw disbursement system and why? Draw is now the most popular because the customer has the control of the money.

If the loan officer (sales person) can answer these questions with no problem then they have passed a pretty good litmus test.

If you really want to throw a curve at them, ask the loan officer if they have ever built a home themselves and what type of construction loan did they get.

If you find a loan officer that has gone through the experience of building a home themselves then the odds are you have found an experienced loan officer.

6. Qualifying for your construction loan, exactly how is it done?

The first thing your loan officer wants to see is your completed loan application. The loan application called the (1003) will tell a story of your financial picture.

The completed loan application will tell the loan officer many things including,
1. What type of loan you want.
2. How much money you need.
3. Your social security number.
4. Your current employers.
5. A list of all you assets (money) and liabilities (bills).
6. How much money you make.
7. How much real estate you own.

Once the loan officer has your loan application in hand they can determine whether you can qualify for a loan.
One of the first items pulled is your credit report. The credit report is going to tell 3 main important things.

1. Show your current credit score. The credit score can range from 500 to 800.
2. Show a complete list of all your monthly liabilities (bills).
3. Show all past credit problems including bankruptcies, foreclosures and late payments.

With this information the loan officer will do an analysis to determine if you can qualify for the loan amount that you’re looking for.

This analysis determines a ratio called the (income to debt ratio) and depending on the banks underwriting guidelines this ratio will usually range from 36% to 45%.

The income to debt ratio is the percentage of monthly debt payments (including your new mortgage payment, taxes and insurance). This ratio should not exceed 36% to 45% of your monthly income.

Some banks will allow you to exceed this ratio if you have an excellent credit history and excellent credit score.
The current and the most popular method of qualifying for a loan today is the stated income loan.

Stated income allows you to qualify without verifying your income on your tax returns, W 2's or pay stubs. The only thing the bank verifies when applying for a stated income loan is your credit score, liquid assets and that you're employed.

7. How not to be taken by the oldest trick in the book "Bait and Switch"?

The mortgage lending business is notorious for baiting and switching.

Baiting and Switching is when a loan officer or advertisement offers you one thing and then tries to sells you something else.
Typical signs of baiting and switching are obvious, some basic examples are:

1. Over the phone, you are offered a much lower rate than any other quote and once you've sent in your application the rate you were quoted has all of a sudden vanished.
2. You are offered a construction loan with no points and no loan fee's. What you are not told is that you are paying for it with a higher interest rate and the costs are built into the loan.
3. You are told that you will not have any payments while you're building. What you're not told is that all construction loans have this option and it's called "interest reserves" and the payments are added to the loan amount.
Remember three important facts and you will always be in good shape.

1. If it sounds too good to be true there's usually a reason.
2. Always get your quote in writing, (ask for a good faith estimate).
3. If you are satisfied with the rate and construction loan program that you are quoted, ask to lock it in upfront.
On the flipside, it is very important to realize that most loan products typically go hand in hand with banking guidelines. These guidelines are provided to loan officers to coincide with the customer's qualifications.

For example, if you have a very high (FICO) credit score with land free and clear, you have more loan options than the person with a very low (FICO) score and no land equity.


8. Now for the biggest secret of all, ready? All banks have access to the same rates and the only reason everyone ends up with a different rate is directly related to how much your loan officer and bank is going to profit from you.
You should probably read that one again.

Your loan officer gets paid like all sales people either by:
1. Salary plus commission
2. Commission only.
It doesn't matter if you walk directly into a bank or work with a broker, basically everyone gets paid the same.
If you walk directly into a bank the loan officer most likely gets a basic salary and a percentage of the loan origination fee (points and yield spread premiums). If you work with a broker the broker usually works on a straight commission (points and yield spread premiums).

Becoming a broker allows the loan officer the ability to offer their customers the best loans with the most options.
It always amazes me when I see TV commercials or hear radio commercials advertising $395, zero closing costs. I always wonder if people understand how they can do that.
Ok, here is how it is done.

The inside secret is that in exchange for these low or zero closing costs the lenders will make their profits and cover the costs of the loan by charging you a higher interest rate.
This higher interest rate pays what they call in our industry a (YSP) yield spread premium.

By charging you a higher interest rate over the life of the loan the bank can easily afford the commercials, commissions, payroll, and cover the costs of the loan while still making a profit. Also the service is usually very poor and impersonal.

So the next time you see advertising with no closing costs you will know exactly how they are doing it.

So please remember that there is no such thing as a free lunch in any business. Business wouldn't be business if there were no profits. The most important thing is that you want the best loan available at a fair price with an experienced loan officer.

9. What are interest reserves and contingency funds doing in your closing costs?

The two things most customers do not factor into the cost of the building their new home are interest reserves and contingency funds.

Interest reserves are added to your loan amount to make the monthly payment on your loan. Yes, you read that correctly, you will not have to make a monthly construction loan payment while your home is being built.

The payments are made from this interest reserve account and no, it’s not free. This reserve is added to your construction loan amount.

Interest reserves were designed for the benefit of the customer. Most people building a new home are either paying rent or have an existing mortgage payment while their home is being built.

The last thing a customer needs is another monthly payment while building. So, banks created the interest reserve account by adding up the estimated interest payments over a 12 month period and add this to the loan amount.

If you do not want interest reserves added to your construction loan amount you can ask to make your own monthly construction loan payment.

Contingency funds are added to the loan amount just in case you need more money to build your new home.

With all good intentions construction loans tend to have cost over runs. The bank adds 5% to 10% of the cost breakdown and adds this amount to the loan amount just in case you have cost over runs or need better appliances.

If you don’t need or use this extra contingency fund then it will not be added to your mortgage upon completion of your new home.

So when you apply for a construction loan ask your loan officer to provide you a copy of the estimated construction loan budget.

The budget is created from your costs and includes every cost within the loan including land balances, closing costs, interest reserves, contingency and bank fees.


10. What is loan to value (LTV) and loan to cost (LTC)? Why it’s probably the most important factor in getting approved for a construction loan besides your income and credit.

Initially most banks are concerned with loan to appraised value (LTV) but banks are really more concerned with how much cash you have in the project (LTC).

If you were buying a home instead of building you would normally have to put 20% of the purchase price as a down payment.

Since you’re building a home your cash equity usually comes in the form of how much cash you put down on your land.
Cash equity is king when applying for a construction loan.

For example, if you bought a $200,000 piece of land and the land is owned free and clear you have a lot of cash equity.
With this much cash equity you will most likely not have to bring in any additional cash.

Or if you bought a piece of land over 12 months ago for $100,000 and its now worth $200,000 the bank will use the current value because you bought it over 12 months ago.
In both cases you have brought $200,000 cash equity to the table.

Now if you just bought a piece of land for $200,000 and you only put down $20,000 most banks will want to see 10% to 20% cash into the total project.

Other qualifying cash equity that can be counted are any pre-paid’s such as plans, grading, permits etc. These pre-paid's can be used for cash equity or you can be reimbursed from the construction loan at closing.


11. Should you hire a builder or be an owner builder?

Do you really want to be an owner-builder? The goal of being an owner builder is mainly to save money. Some people can save quite a bit of money if done correctly.
Some people are not meant to be owner builder.

Possible problems when acting as owner builder are:
1. Construction cost over runs.
2. The best banks with the best rates require a builder or supervisor.
3. Managing contractors to finish on time or to show up for work.
4. Depleting your personal savings.
5. The need to borrow more money.
6. Loan extension penalties.
7. Being taken by unscrupulous contractors.
8. The need to refinance your construction loan.
9. Foreclosure.

I could go on and on about the horror stories I hear from Owner Builders that did not get a construction loan and acted as their owner builder.

If you have never built a home before and absolutely need to act as owner builder please take my advice and hire a reputable builder to supervise you and the building of your new home, for a much smaller fee than their normal fee.

The builder/supervisor will help you with the cost breakdown and manage the subcontracting on an as needed basis. If one of your contractors gets out of hand or you need help of any kind, you can call the supervisor for assistance.

Your job is to make sure you are hiring the right people to complete your home. It can make the difference between happiness and misery.

For those of you that have experience at building homes but do not have a license ask about our owner builder program. To qualify you will need a resume showing your experience.

If you decide on hiring a builder to do everything make sure you hire a reputable builder or supervisor with a good reputation and plenty of references.

Ask your friends if they know a good builder and when you start to hear the same name over and over you know you've found a good one. Ask the building inspector for a list of reputable builders.

The most important point is shop around until you find a builder with the most reputable and honest background.
If you pay a little more for an honest and reputable builder or supervisor you will be very thankful before, during and after your home is completed

12. How does your builder determine how much your home will cost to build?

The Estimated Cost Breakdown of your home is probably one of the most important forms in the construction loan package. This is the breakdown of each particular cost of construction of the home. The foundation, lumber, framing, plumbing, heating, electrical, painting, and builder's profit, etc.

The builder usually completes this form to show you exactly what it will cost to build your new home. The most important thing to remember here is that you do not want to underbid any line item and you do not want to overbid any line item. You want accurate numbers from real bids (not guesses) and a 5% contingency for cost overruns.

Good builders will send out the house plans to their contractors for specific bidding on each main item or can estimate the home themselves. The builder will send one set of plans to the foundation contractor, one set of plans to the framer, one set of plans to the plumber, etc, etc.

When all the numbers come in, the builder will fill out the cost breakdown and come up with a total cost to build your new home.

Bad builders will use the WAG method of estimating the cost of building your new home. The WAG method stands for "Wild Ass Guesses". This method is the most dangerous since it can lead to under and over bidding.

The last method of bidding is simply to over inflate every single line item on the cost breakdown. This is the most profitable method for the builder and the most expensive to the customer.

This is why you want to find an honest, reputable builder with a good reputation in your community. Once the cost breakdown is completed and you plan on hiring this builder to build you new home you will need to type up a contract. The contract needs to equal the added total of the cost breakdown.

Most builders will provide the contract but make sure you read it carefully and that you add your requirements as well. There are two types of contracts

1. Fixed Contract: This contract is simple and straightforward. Take the total of the cost breakdown and put that fixed number into the contract. The builder will provide a list of responsibilities.
2. Cost plus Contract. This type of contract is usually for large construction loan projects.
A. The customer wants to make a lot of changes to their home as its being built.
B. The construction loan period to build the home is 18 months so construction costs can change drastically. The builder prefers this contract to protect the costs and profits.

13. How does your builder get paid while your home is being built?

There are two methods that banks use to make sure your builder gets paid while building your home.

The Voucher Reimbursement system has been around for quite a while. As usual you'll have some builders that are very familiar with this method of payment and do not like change.
Most builders are really only concerned with how fast they can be paid and how often they can be paid.

Most banks find that the voucher system is simply too much paperwork to deal with anymore. The builder is given a big book of vouchers that looks like a check book and when they want to get paid or need to pay a contractor they need to fill out a voucher form. This voucher form is a request for payment and as long as the contractor has signed the lien release the bank will pay the amount requested.

The bank will also request an inspection throughout the construction loan to make sure that the work is completed.
The Draw Reimbursement system is becoming the standard for construction loan funding for most banks.

The main difference is that the bank puts the accounting responsibility on you or your contractor. The bank uses your cost breakdown as the guide for the draws. Some banks use specific schedules of 4 to 7 draws based on completed construction milestones, such as foundation or framing.

The draw systems also allow the choice of taking draws on a monthly basis, collecting partial payment for work and material items that have been completed.

I personally prefer the draw reimbursement system because:
1. It requires less work.
2. Provides more control for both the customer and the builder.
3. The funds are wired directly into your bank account.
3. It's easier to use than the voucher system.
4. Some banks now have online draw requests.

14. What type of construction loan insurance is required and who is required to get it?

The reality of construction loan insurance. There are three types of insurance needed to build. All banks require the first two insurances, course of construction and general liability. Workman's compensation is only required if your builder has employees.

1. Course of Construction Insurance. This policy is an all risk policy to include, fire, extended coverage, builder's risk, replacement cost, vandalism and malicious mischief insurance coverage.
2. General Liability Insurance. You or your builder can provide this policy. This policy is a comprehensive general policy or a broad form liability endorsement. The minimum amount of $300,000 for each occurrence is required. If the builder provides the insurance a general policy of $1,000,000 or a broad form liability endorsement is required.
3. Workman's Compensation Insurance. If your builder owns his own company and has employees that are helping to build your home, workman's compensation is required.

If the builder simply subcontracts out the work and does not have employees per se, they will need to write a letter acknowledging that they do not have employees and are not required to have WCI.

15. Has your loan officer structured your construction loan properly and why it's so important?

I get loans all the time from customers that went to another lender or broker and were either turned down or were offered a below average construction loan.

The reason was because the loan was not structured properly before it was sent into the bank. Structuring a loan properly is simply making sure that you match the customer’s loan request to the banks underwriting guidelines.

Recently I received a construction loan request from a customer that was turned down by a large national bank. The loan officer had calculated the income incorrectly and submitted the loan as full documentation.

The customer owned his own business and had a lot of tax deductions on his tax returns. The way banks qualify customers as full documentation is very conservative and the loan was turned down.

We took the loan, found the problems upfront and submitted the loan as stated income.

The customer was approved and built a beautiful home in Rancho Santa Fe CA.

Structuring construction loans for approval is vitally important and is the last thing on most customers’ minds. Each and every time I receive a loan from a customer with a bad loan experience it is always because the loan officer did not specialize in construction loans and did not structure the loan accordingly.

Other common mis-structured loan scenarios include:
1. Low cash equity.
2. Improperly completed appraisal.
3. Unexplained credit derogatory.
4. Income incorrectly calculated.
5. Mismatch of customer loan request to the correct lender.
6. Plain and simple incompetence
The old saying “you get what you pay for” is especially true when obtaining financing in building your new home.


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Source: http://www.articletrader.com ]]> http://www.articletrader.com/home-and-family/gardening/how-to-get--attached-to-hybrid-tea-roses.html http://www.articletrader.com/home-and-family/gardening/how-to-get--attached-to-hybrid-tea-roses.html Wed, 23 Apr 2008 00:00:00 -0500
Hybrid tea roses are among the most beautiful flowers in the world. They are the florist's rose.


The blossoms are fantastic and each flower can have as many as 60 or more petals. You can not find a more beautiful cut flower.


The fragrance also makes the hybrid tea rose an excellent choice to give as a bouquet or to grow in your garden.


Hybrid tea roses are different from other roses because they produce their flowers usually one bloom to a long stem rather than in clusters. Most hybrid tea roses produce flowers during the entire growing season and the plants grow 3 to 6 feet tall.


Caring for hybrid tea roses is no more difficult than other roses although you do need to give them special care in colder climates. They are no more or no less pest or disease resistant than other kinds of roses.


‘La France’ was the first hybrid tea rose grown in 1867 by a French nurseryman, Jean-Baptiste Guillot. He cross-bred two old garden roses and developed an entirely new kind of rose.


Hybrid tea roses should be planted 18 to 36 inches apart or they can be planted with other flowers in large pots.


There are hundreds of choices when looking for hybrid tea roses. Choices can be made by color, names or fragrance. There are hybrid tea roses named after famous people including presidents and their wives.


The very first tea rose was a cross between a China rose and Rosa gigantea. These plants are more bushy than the hybrid tea rose but the well-shaped flower buds remind us of today’s modern hybrid tea roses. Tea roses come in shades of white, pink and yellow.
Start thinking about adding a tea rose or hybrid tea rose to your garden this year.


Did you find this article useful? For more useful tips and hints, points to ponder and keep in mind, techniques, and insights pertaining to gardening and gardening implements, do please browse for more information at our websites.


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Source: http://www.articletrader.com ]]> http://www.articletrader.com/finance/insurance/the-most-effective-way-to-lower-your-auto-insurance.html http://www.articletrader.com/finance/insurance/the-most-effective-way-to-lower-your-auto-insurance.html Tue, 22 Apr 2008 00:00:00 -0500
You should never go without auto insurance though, despite the costs. Almost all the states require you to protect yourself with a minimum amount of liability coverage. Naturally, the bare minimum is not adequate enough for the average car owner. And as you add in additional coverage for your car, you realize that you will be paying a fairly large sum annually.

So, understanding auto insurance can actually help you to decide on a suitable insurance policy that won't vacuum clean your wallet! Here, we have gathered 10 of the best tips for lowering your auto insurance, by as much as 40 %.

Always compare insurance policies. There are states which regulate auto insurance rates, but the insurance premiums can vary by hundreds of dollars for the exact same coverage. It is definitely worthwhile to shop around. The first thing you can do is to check with your state insurance department. They often provide information about the coverage you need, as well as sample rates from the biggest companies. You can also ask your friends or look up the yellow pages. Checking consumer guides and asking insurance agents can pay off as well. You can easily find out the price range for your insurance policy, as well as discover the lowest prices in town.

However, you should not be shopping based on price along. The insurance company should provide good service at the best price. Excellent personal service is available as well, and they provide added conveniences, although they cost a fair bit more. Ask the company how you can lower your costs, and also check their financial ratings. The rule of thumb is always to get three price quotes from three different companies, and pick the one with the best value.

It can also be a good idea to increase your deductibles. When you file a claim, the deductible is the amount you pay before the insurance company pays for the rest of the damage. A higher deductible on collision and comprehensive coverage can lead to a much lower premium. For example, increasing your deductible from $200 to $400 can reduce your premiums by up to 25àHowever, you must ensure that you have the financial resources to handle the largest deductible when the time comes.

Remove certain types of coverage from your policy. Almost all the states require liability coverage for your car, but the rest of the coverage is probably dispensable. However, you do not want to be underinsured if you're in an accident, so it isn't advisable to remove all of your additional coverage. Optional coverage includes medical payments, uninsured motorist, collision, and comprehensive coverage.

Drop collision and comprehensive coverage for older cars. If you drive an older car that's worth less than $2,000, it's probably more cost-effective to drop collision and comprehensive coverage since you'll probably pay more for the coverage than you'll collect for a claim. You can find out the worth of your car by asking auto dealers and banks.

Make sure your credit report looks good. Car insurance companies often look at your credit history as there is a correlation between the risk to the company and your credit history. If you pay your bills on time and maintain a good credit history, you can enjoy lower insurance rates.

Drive less. Insurance companies often offer low-mileage discounts to motorists who drive less than a predetermined number of miles each year. You can use public transportation more often, car-pool with friends, and take the train or a plane instead of driving to another state. And you'll save on more than your coverage as you'll need to spend less on gasoline (of which prices are incredibly high).

Maintain a clean driving record. The company will give you a price break and you can save on your insurance policy after a specified period of a clean driving record. This means that you have no accidents, no serious driving violations etc, during this period of time. The simplest and surefire way to qualify for this discount is to drive carefully and defensively all the time.

Choose a low-profile car. Insurance rates vary among difference models of vehicles. Generally, sports cars and high-performance cars tend to cost more to insure, mainly because they represent more risk of theft and the drivers are often the people who drive more recklessly. Newer cars will cost more to repair or replace than older ones, so naturally they can more to insure. Low-risk vehicles include station wagons and sedans.

Ask about safety and security discounts. The insurance companies sometimes offer discounts on your insurance if your car is equipped with the following: anti-lock brakes, air bags, automatic seat belts, car alarms, tracking systems. These reduce the injury risk to you, as well as the chances of your car being vandalized or stolen.

Finally, ask about other discounts. You may receive a discount if you buy more than one type of insurance from the same company or if you insure multiple cars under the same policy or company. You may also receive discounts for taking a defensive driving course, staying with the same company for a few years, being a driver over 50, good-student discounts, and being an AAA member. If you already have adequate health insurance, you can also eliminate paying for duplicate medical coverage, thus lowering your personal injury protection costs by a substantial amount.

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Source: http://www.articletrader.com ]]> http://www.articletrader.com/finance/insurance/how-do-i-compute-my-car-insurance-premiums.html http://www.articletrader.com/finance/insurance/how-do-i-compute-my-car-insurance-premiums.html Mon, 21 Apr 2008 00:00:00 -0500

1. Having a clean driving record.
Without a doubt, car insurance cost would increase if you have been convicted of a driving conviction. Thus, it pays to be a safe driver so that unnecessary costs won't be incurred.


2. Adding additional drivers to the policy
By adding additional drivers to the policy, extra premiums will be added. Thus, do not add in drivers into the policy just because you think that this person might be using the car in the future. Consider carefully whether it is necessary to add this person into the policy.


3. The age and gender of the driver
If the driver is under the age of 25 the rate will mostly likely be fairly high. This is due to the lack of driving experience. Usually, you will need to have over three years driving to be quoted a lower rate. Also, a single male driver rates higher than a single female. This is because males are rated as a higher risk to car insurance companies.


4. Your credit report history.
Most car insurance companies take into account of your credit history. Paying your bills on time and maintaining a good credit history will allow you to enjoy lower car insurance cost.


5. Anti-theft alarm
Fix up an electronic central locking and alarm on your car. Discount could be given by insurance companies when you have anti-theft devices install in your car.


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Source: http://www.articletrader.com ]]> http://www.articletrader.com/society/marriage/how-to-enjoy-a-lifetime-of-love-and-romance-on-a-tight-budget.html http://www.articletrader.com/society/marriage/how-to-enjoy-a-lifetime-of-love-and-romance-on-a-tight-budget.html Sat, 19 Apr 2008 00:00:00 -0500
Romance isn’t about how much money you lavish on another. It’s about attracting the object of your affection. Romance is about making dreams and fantasies come true. Romance is defined as “an exciting and mysterious quality; a relationship between two lovers.” It is the “act of making your partner feel loved.” Romance is more than an act, it’s a state of being. It’s the heart, the soul and the mind working together to create an adventure, and increase enthusiasm for one another.

“Romance means intimacy and connection, which means paying attention to detail. It’s making her lunch or giving him a massage. It’s making the bed together and cuddling. It’s holding hands and leaving little “love notes” around the house. It’s touching and feeling and listening and sharing. It’s excitement and serenity, spontaneity and planning. It’s telling the other person what you want, and doing the things the other person likes. It’s connecting deeply.

Romance is about timing, imagination, exploration and creativity. Being Romantic is about…. being creative, being willing to take a risk. Sometimes it’s being sweet. Sometimes it’s being silly. Romance is about … the right attitude. And attitude can cost you a little or a lot. True romantics have the right attitude; and use imagination to cultivate loving, sensual relationships.

So just how do you develop the right attitude? Start out with little acts of affection, little things to show you care and can be romantic. Here are a few suggestions (excerpted from the book, Romance on a Budget) to help you spark your imagination.

- This Kiss (#10) – You must remember this; a kiss is still a kiss… kiss often. Repeat several times.

- Look into My Eyes (#11) – When you gaze into each others eyes, everyone else seems to disappear. And looking intensely at one another can send a message to your lover that can lead to other things.

- You Light up my Life (#15) - Spray the perfume or cologne you wear on a light bulb. When the light is turned on the scent of you will fill the room.

- What a Feeling (#19) – Tell your love how much you appreciate him/her. Write your message on a post-it-note and stick it where it is sure to be found.

- Get out of your Comfort Zone (Intro) – Do something impulsive, even a little risky that will excite your lover and ignite the romance.

Like the song says “Love Don’t come easy.” I believe that “Romance Don’t Come Easy. “ But with a little practice and planning, the results can be thrillllllllling….


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Source: http://www.articletrader.com ]]> http://www.articletrader.com/health/why-health-is-americas-major-concern.html http://www.articletrader.com/health/why-health-is-americas-major-concern.html Sat, 12 Apr 2008 00:00:00 -0500
Recent news increasingly reports that obesity is epidemic in the United States, and that it is the major cause of early
death, after tobacco. Yet the solution is really simple.

It used to be that people who claimed the simple life is the key to anti aging would be met with a big yawn, or strong doubt, or rude noises. Now, such reliable sources of health information as Centers for Disease Control and Prevention are saying that good diet and moderate exercise really are the keys to long life.

The same ad blasters who helped get us into health troubles are eager to sell us pills, potions, books, quack cures that dance all around the truth. After all, folks really want magic bullets to fix problems, so they won't have to take responsibility for the consequences of their own choices. It's not the merchants' fault if they get rich off public stupidity. Or is it?

People, WAKE UP!

America is a country in which even the poor people are FAT. History tells us that this is a very unusual situation.

It is a principle of physics that matter-energy can neither be created nor destroyed. Therefore, if our weight exceeds
the medical ideal, it can ONLY be from consuming more calories than we need. The only healthy solution is to be more careful of what we eat, and to increase our exercise. Drugs or surgery to cheat on this equation are life threatening. Wild claims to "turn up your fat burners" are total NONSENSE, even though some of the "experts" telling this are physicians and nutritionists who really should know better.

One advantage of wise food choices is that we can eat as much as we want and still not get fat. Another is that good diet can help protect us against common scary diseases that can lower quality of life and cause early death.

"Low Carb diets" are a red herring. Taking the hamburger out of the bun, but keeping the fatty meat and oily toppings, is
utter madness.

The other part of the story is that even easy exercise can stimulate the body to health, help prevent those scary diseases, and make us feel better, while helping us to live longer.
* If you don't like army calisthenics, at least walk 1 to 2 miles a day, 5 to 7 days a week.
* If back pain or shoulder aches plague you, do some simple exercise routines at home, workplace, or while walking.
* Head off wrist problems by frequent breaks to stretch them in all directions.
* If you don't have time or money for a gym membership, buy a twelve foot piece of rope for isometrics and skipping.

"We don't stop exercising because we get old. We get old because we stop exercising."

The CDC tells us that 7 out of 10 deaths are caused by chronic diseases, 1.7 million per year in the USA, and that these early deaths can be prevented by good diet and easy exercise. We can save billions of dollars per year just from good diet and moderate exercise. Now that's a bargain!


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Source: http://www.articletrader.com ]]> http://www.articletrader.com/computers/know-more-about-zone-lab-and-windows-xp-service-pack-two-firewall.html http://www.articletrader.com/computers/know-more-about-zone-lab-and-windows-xp-service-pack-two-firewall.html Fri, 11 Apr 2008 00:00:00 -0500
If you already have a personal firewall such as Zone Labs, McAfee or Norton, then a question arises as to which one you keep, because any computer repair store geek would say you should not keep both the XP firewall or your existing software because it has the dynamic Microsoft name behind it, or go with a more niche company for security such as Zone Labs.

What is this Firewall Thing, Anyway?

First, what is a firewall? A personal firewall protects your computer from malicious users by blocking unauthorized access. Who needs a firewall? The term “firewall” gives the impression that only large companies need a “wall” of “fire” to block attacks. You probably feel your computer is too small to attract an attack. But let’s not forget that hackers are hackers because they are students of behavior! They know that millions of people think they’re not targets and forego internet security. They build viruses to seek out such vulnerable computers, which can lead to a multitude of computer problems, not to mention identify theft.

Perhaps if firewalls were renamed, “personal identity insurance,” more people would realize the need to own it! So, does the Windows firewall do the job? While it will block incoming attacks, it will not block programs already installed on your computer from sending information out.

Many downloads you agree to will have spyware attached, and spyware often “phones home” with information about the user. Windows XP firewall will not stop this which is why computer experts suggest that for maximum protection you should go with a full firewall protection like the ones offered by Zone Labs, Norton and McAfee in lieu of XP’s.


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Source: http://www.articletrader.com ]]>