Planning for a Mortgage Application After Bankruptcy

Getting approved for a mortgage after a bankruptcy has always been tricky. Now, it is very difficult in the current mortgage climate, but it is not impossible.

The best way is to plan ahead, the same as with any real estate or mortgage transaction. The time to worry about how to get the next loan is before filing bankruptcy. Most people do not have a plan and the process after the BK is a lot more difficult.

All lenders follow the same basic underwriting rules for standard loan types. If you understand these rules it will help while planning the next move.

For conventional mortgages a Chapter 7 or 11 Bankruptcy must usually be discharged for 4 years. In rare exceptions such as a BK caused by the death of a wage earner it may shorten the waiting period to only 2 years. And a Chapter 13 might also get by with only 2 years. Notice I did not say an exact period but used words like “usually” or “might.”

Borrowers with a bankruptcy in the last 7 years will always require manual underwriting by an actual live mortgage underwriter as opposed to automated underwriting software. They will look at the entire loan application, not just the credit report. So the entire application must make sense to the underwriter.

For example, if the BK was caused by the death of the primary wage earner and the surviving spouse has made several late payments after the BK was discharged then the … Read more

The Importance of Stocks & Sauces

The great French Chef Master, Auguste Escoffier wrote:

“Indeed, stock is everything in cooking, at least in French cooking. Without it, nothing can be done. If one’s stock is good, what remains of the work is easy; if, on the other hand, it is bad or merely mediocre, it is quite hopeless to expect anything approaching a satisfactory result.”

Escoffier and other French chefs revolutionized early French cooking by inventing a lighter and reduced sauce, a variation of traditionally heavy cream sauces, known as stock.

Since the 16th century, stocks have been used in soup and sauce preparation. Stocks are the extraction of flavor from ingredients with a liquid base. The ingredients often include include bones, vegetables, herbs and spices simmered in water.

There are a few French stocks and sauces that are used traditionally. ‘Glaces’ are stock that have been reduced, while a ‘demi-glace’ is reduced even further to form a thick brown sauce. They are used for numerous dishes to intensify the flavor, texture and color. A ‘jus’ is the natural liquid rendered from the drippings of a roast. An ‘au jus’ is usually prepared using stock and meat trimmings. An ‘essence’ is the vegetable equivalent of a meat stock added for a touch more flavor in the sauce.

Why are stocks so rich in flavor? Simmering ingredients allows extraction of flavor in addition to reduction in volume – it’s this reduction that concentrates the flavor of the stock even more.

As a result, stocks and sauces are … Read more

Why Do Businesses Need Custom Mobile Application Development?

All customers use mobile apps. In fact all customers prefer a mobile app over a website these days. It’s simply too convenient to have anywhere anytime access to the facilities we use so often. For example, banking apps, shopping apps and apps for paying domestic bills etc. Are so popular these days that we wonder how we got things done without them! Well, more and more businesses today ensure that their customers have easy access to their business.

Businesses of today, in fact, depend on mobility solutions and custom mobile application development to cater to their unique requirements. Custom apps create extraordinary value to businesses especially if they are developed by targeting the right customer base and are tailored to perform as per business requirements.

Here’s how custom mobile application development could be beneficial for your business:

Improves efficiency

Custom mobile applications are built with the business requirements in mind and at the same time cater to the needs of your customers. Since the focus is on your business, they are developed to improve the efficiency of your business. Statistics show that by implementing mobile solutions, businesses saw a significant 46% increase in their operational efficiency. Conducting business become easy for you and you can better manage your customers too.

Increase in productivity

This is in a way linked to the first point. Once business efficiency is improved, it positively impacts the productivity too. It is a known fact that the productivity sees a 41% rise after implementing mobility solutions. … Read more

Computer Books Are Important to Have on Your Small Business Book Shelf

Computers are a way of life and yet two decades ago computers did not even exist, well, not personal computers like the type that every single person in America owns and has in their home or office. Sometimes keeping up with the technology is not easy at all.

There are always new words to learn with each new technology and it is as enough you have to learn a whole new language just to understand what those in the industry are talking about. There are always new buzzwords and you must learn at least some of these words otherwise you cannot comprehend what the computer experts are trying to explain to you.

It is for this reason that I’d like to recommend a very good book to you and one, which I believe you should have in your own personal library so that you do not get behind on computer vocabulary. The book is called;

“Computer; a dictionary of computer words of the English Language (new Revised Edition) Trident Press international; Date: 2001.

So, you ask why did I like this book so much, well indeed, I’d like to explain just why this book is a must read and why it is my contention that you should own a copy to have in your own personal library at home or in the office. First, the back of this book has 120 pages labeled; An Introduction To Personal Computers.

While the first part of the book is a pocket dictionary … Read more

A New Definition of Technology – The Scientific Texts That Guide Human Activity

The advances in technology will send humans to Mars in the near future. Internet of things, 5G, artificial intelligence, automated driving, and so on and on, probably no one is able to list all the new technologies that are emerging. The complexity of the technological world is wonderful but just as bewildering, and difficult to grasp. Yet, the researchers, engineers, and technicians just need to focus on their own portion of the work. The complex robots are composed of smaller functional units that are manageable by the respective professionals. They are guided by scientific texts and in the minds. Despite the complexity of technologies, they will finally be traced to the simple origin in scientific texts.

Wikipedia defines technology as “Technology is the sum of techniques, skills, methods, and processes used in the production of goods or services or the accomplishment of objectives, such as scientific investigation.” In the search, technology is defined as “the application of scientific knowledge for practical purposes, especially in industry.” The definitions are broad, seemingly to include all useful ways of humans achieving something. Indeed, technology is itself a broad term with many valid definitions. Both definitions are correct in that they describe facts. But they don’t explain the meaning of the terms such as “techniques”, “application” and “scientific knowledge”, which are vague terms and could involve all the things in the universe.

Since we defined science in terms of texts in the paper “a new definition of science – the textual foundation that … Read more

How to Avoid Top iPhone Application Development Mistakes

The launch of iPhone has revolutionized the way world talks about Smartphones. iPhone development has become the benchmark of mobile application development. IPhone developers are churning out newer applications day in and day out to meet growing needs of users. Offshore development centers around the world are busy developing business applications, fun applications, and many others for iPhone users across the world. Most of the businesses outsource their custom development projects to these centers to get better deals.

Competition that surrounds iPhone application development, has led to the development of many unsuccessful apps, which have served neither the businesses nor the developers. Thousands of dollars have been lost behind these unsuccessful development projects most of which have failed due to some common mistakes committed by developers.

Common Mistakes to Avoid in iPhone Development

Don’t try to over invent – It is wise to keep the apps simple. This saves time for developers as well as appreciated by the end user who uses it. In most cases development needs can be fulfilled by the iOS SDK that has an expansive library for UI elements. In some rare case, you might need to build a novel UI from scratch. The development process becomes complex and unreliable when every element is invented from scratch. Try getting buttons, sidebars, dialog, and tables using the same UI from SDK rather than going for custom development.

Keep the resolution right – As in a photograph or video, it is very important to get the resolution correct … Read more