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A Complete Guide To Understanding Home Loan Interest Rates

Home loan rates can be a complicated plateau to manoeuvre through. There are, however, a few major factors that do stand out. This guide should help you to screen through the major sections that need to be kept in mind about this subject:

Types of interests

This section may seem basic; however, it’s not. There are three types, obviously. Yet, you need to know some of the important aspects that may affect your EMIs and the repayment structure in the long run.

• Fixed rates: These rates are higher and so are the hikes after the first few years. So, you should know when your interest rates will elevate again. If you opt for fixed interest rates, you should aim to increase your earnings accordingly.

• Floating rates: These are vulnerable to economic fluctuations. They can work in your favour if they lower over a certain period of time, though you must know that the tenure for home loan repayments stretches from 20 to 30 years. Unless you earn a significant income over the course of the years to pre-pay the loan, you will be paying EMIs for that duration and may also face unexpected recession and interest rates hike twice or thrice in that period.

• Hybrid rates: These rates combine the best of fixed and floating. You make two home loan agreements that divide your home loan into two types of interest rates and repayment plans. Though it seems like the best of both worlds, you need to understand that it can backfire too. You need to read the home loan agreement papers and the fine print carefully and protect yourself against any backfires.

The factors that influence your home loan interest rates:

All applicants may not be able to get the advertised rates. Very few people, in truth, are in a position to avail the best home loan rates in India. Although you can influence home loan proposals to get the best possible interest rates for your housing loan. So, what are these factors?

• CIBIL credit score
• Repayment ability
• Company appraisals
• Employer
• Annual earnings – income, assets and liabilities
• Any other loans
• Your interest rates negotiations

There are always more factors that can come into play, depending on how you choose your house loan package. So, it makes sense to make an effort to mould all these factors in your favour. It is not always possible to transform them all; yet, if you take an expert’s advice and use it to your advantage, you can potentially get much lower housing loan interest rates in India .

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Tips to Improve Your Child’s Health

Many children these days suffer from obesity and diabetes and other such diseases because of the busy lifestyles that families lead. Parents are busy working, children are busy studying, and because of these busy lifestyles, people have gotten used to things that are making both them and their children sick.

What can we do to improve our children’s health?

First of all, we should remember that these practices shouldn’t be followed just by children, but by adults as well, because children follow by example. If parents live a healthy lifestyle, then so will the children. Many children’s doctors in Mt Gravatt and other areas of the country recommend that parents join their children in healthy daily activities.

Eat healthily – Include more fruits and vegetables into food as these are rich in immune-boosting nutrients which help the immune system to effectively fight diseases. Eating more vegetables and fruits can also prevent diseases such as cancer and heart problems.
Exercise – Exercise is needed by children as well, and they constantly need to keep moving around to stay healthy. Family exercises such as biking, hiking, or jogging can be a lot of fun as well as good for everyone’s health.
Sleep – Children need between 10 and 16 hours of sleep per day, depending on their age.
Limiting device and sedentary screen time – less than 1 hour per day for the 2-5s and less than 2 hours per day for the 5 -17-year-olds.
Avoid second-hand smoke – Second-hand smoke causes many respiratory diseases in children. Protect them from second-hand smoke as much as possible.
Clean teeth – Children have beautiful smiles, and you can keep that smile looking great with good oral health. Children should brush their teeth for two minutes, twice a day to maintain good oral health and to reduce cavities and infections.
Clean hands – Hand hygiene is very important to stop the spread of diseases. Teach children how to clean their hands properly, especially after being out in public areas.
Express their feelings – Children’s mental health is very important as well. They should be able to express their feelings, whatever those may be, freely, in order to reduce the stress they may be feeling within them.
There are many clinics that provide services in child health in Mt Gravatt and other areas, where you can get more information on good health habits for children.

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Bespoke software advantages and disadvantages

By making a decision to go forward with a bespoke software solution for your business, you can be giving your company a platform to grow, develop, and expand. However, many companies don’t invest in custom-made software, tailored for their specific needs and instead settle for off-the-shelf products.

Let’s find out whether or not they are the making the right decision.

Disadvantages Of Bespoke Software
In our experience, there are two main reasons that companies don’t always choose a custom software solution:

1) Initial Costs

The up-front cost is usually the biggest disadvantage associated with custom-tailored programs. Bespoke software projects often cost more than off-the-shelf solutions, due to the amount of time and effort needed to create masterpieces. Eventually, however, the benefits such software gives you can bring you much more money than you spend on it.

2) Waiting Time

Since bespoke software is created from scratch, you will need to wait some time for your developers to build it. However, as it is the perfect fit for your business, it is (in our opinion) worth the wait.

Advantages Of Bespoke Software
There are, on the other hand, numerous advantages of having your own bespoke software developed.

At Make IT Simple, our software developers have created programs that solve business problems, that improve efficiency and productivity, that improve business intelligence and performance measurement, and that help get a competitive edge. In many cases, the software we have developed has become the product for our clients, which is simply not possible with an off-the-shelf solution.

Here’s why many businesses choose to go with this option:

1) Individually Crafted Solution

Bespoke software is similar to a custom-tailored suit. It fits your parameters perfectly. Meanwhile, the suit you buy at a discount shop usually needs some adjustments to look good. The same is true for off-the-shelf products. They are an all-purpose solution, which can be used by many companies, and often you end up trying to change your business to fit the technology rather than fitting the technology to your business.

2) Return On Investment

While bespoke software development involves investment, you can often start experiencing financial benefits almost immediately. When it is well planned and well built, the time/human resource savings can quickly pay for themselves, as can the competitive edge you can gain from developing better systems than your rivals. Bespoke software also forms part of your company’s IP and can add value to the business.

3) Better Security

Common off-the-shelf products have one huge disadvantage: Hackers know all the ins and outs of such programs and often take advantage of the weaknesses. That’s why you can’t feel 100% secure when using such software. Meanwhile, custom-made programs are only exploited by your business, cutting the chances of hacks and break-ins to a minimum. It also reduces the incentive for hacking – with an off-the-shelf product, if you are successful in hacking one system you can potentially access thousands more.

4) Scalability

If your company grows or expands to cover other market sectors, the off-the-shelf solution may not cope – and you have little or no input in the way the system develops over time. Bespoke software can develop and grow together with your business. Make IT Simple offers lifetime product support to help you change the program whenever needed.

5) Time-Saving

Jim Rohn once said “Time is more valuable than money. You can get more money but you can’t get more time.” We create products that save you an impressive amount of time on software integration and employee training as well as automating and speeding up critical business processes.

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