What is a Caveat Loan?
The Meaning of a Caveat Loan
Caveat loans are a short-term asset based loan product usually financed by private lenders. Compared to conventional forms of finance, a caveat loan can be established quickly (i.e. within 24 hours from the time the loan application is first lodged). The loan is secured on the value of concrete assets, such as:
A house or unit
A block of land
A commercial property
The Purpose of a Caveat Loan
For a business owner or a property developer it is inevitable that you may find yourself needing money quickly. So, a caveat loan is the right loan for you as it will enable you to:
Commit to any potential business growth by providing you with the required increased working capital
Secure the required funds for construction or development projects (Secure the required funds for property development or construction projects)
Get the cash-on-hand you need for urgent bills and expenses
Enhance your day-to-day business cash flow
Prevent foreclosure or repossession of your property
NOTE: – It is important to note that caveat loans are not offered to consumers who seek to use the funds for purposes to which the National Consumer Credit Protection (NCCP) Act may apply. The loan facility can only to be used for business or for investments other than investments in residential property.
Features of a Caveat Loan
Features for you to consider when you are applying for a caveat loan:
Fast approvals to meet your immediate needs
Quick settlements
Loan terms up to 3 > 12 months
Security to be in the form of real estate
Loan repaid at the end of the agreed term
Approval Requirements for a Caveat Loan
To get approval for a caveat loan, the lender/credit provider will require you to have:
Accessible equity in owned property (e.g. your residence or your business)
A reasonable exit strategy in place. You must be able to show the lender/credit provider how you plan to pay back your caveat loan (e.g. you may decide to sell the Security or use the profit from the sale of a business)
Do not worry if you have Bad Credit History
If you are in a situation where you need a loan and have a bad credit history, do not worry. Because generally credit checks are not required to be performed on caveat loans, even if you have:
A Discharged Bankruptcy
A Bad Credit Rating
A Court Judgement
A Part-9 Debt Agreement
Find an Expert Non Conforming Broker to help you
Contact a reputed brokerage firm with access to numerous private lenders /credit providers. The firm’s professionally qualified and expert finance brokers will structure your caveat loan to suit your individual needs and budget.
How To Save Money Buying A House
Buying a new home is a significant investment that can sound scary sometimes. But, it is also a relatively safe bet, and it could even help to boost your retirement savings. However, if you play your cards right, you can get your home at a much more affordable price. While getting a good deal is very important, there are a few other factors at play that can save you money in the long run.
Shop For An Affordable Mortgage Rate
Mortgages are very important, and the rates vary from lender to lender. So a great way to reduce your cost is to shop around a bit for competitive rates for investment home loans for up to five firms.
Also, it would be of great help if you learn about the options available to you. For instance, a shorter loan term might mean higher monthly fees. Most importantly, ensure you have options, so you don’t feel trapped when making a choice.
Use An Experienced Agent
This might sound counterproductive as agents cost money. However, they also come with years of experience, and if you get a good one, they’ll ultimately save you money. This is because they will negotiate a great deal and protect you from unnecessary costs that you might have never heard of.
Get A Fresh Pair Of Eyes
Finding the perfect home is a collective effort that could involve your family and friends. For example, you’ve just been shown a lovely home and are over the moon. Stop for a second and call a friend or family member to also look at the house as they are more likely to point out defects that will cost you more money.
Improve Your Credit Score
The simple rule is that the higher your credit score, the lower your loan will be. This obviously means you stand to gain a lot if you have a better credit score. You can improve your credit score in several ways, including paying your credit card balance, and so on.
Find A Home In Need Of Maintenance
Everyone wants to buy a lovely house with all the upgrades and curb appeal. On the flip side, it means you can snag a great deal on a home that needs some work. This method is tricky as you need to balance the cost of maintenance necessary with the amount you’re saving.
So, if the work required is too much, it might be best to turn away. Finally, putting some work into the house and subsequently creating a masterpiece gives you a sense of pride (along with some money to spare)
Conduct Your Own Inspection
Agents can sway you with lovely words, and inspectors might not always tell you everything, so you’ll need to look out for yourself a bit. This means paying close attention during the house inspection and even taking notes if necessary.
Also, you can tag along with the inspector and take a look at a few things yourself. Who knows, you might find something that turns you off and potentially cost you money you don’t have.
5 Empowering Tracks From Female Icons To Make You Feel Inspired
Sometimes we all need a little lift. Whether you’ve had a recent knock to your confidence, have been going through stress in your personal or professional life, or have always struggled with your self-esteem, music is an essential tool for lifting your spirits and making you feel better about yourself.
According to a study by Heriot-Watt University, the type of music you listen to not only influences your mood, but also your personality, with indie and rock/heavy metal fans reporting the lowest levels of self-esteem, while fans of jazz, blues, opera, classical, pop, rap and soul all reported high levels of self-confidence.
So if you’re having a ‘down day’, why not boost your spirits by listening to some powerful, uplifting tracks? Here are five perfect confidence boosters.
Britney Spears – Toxic
Britney’s own struggles with her mental health and conservatorship have made her an inspiration for many people across the world.
This classic song is timelessly sensual, and the heavy beats throughout make it impossible not to dance to. A welcome blast of nostalgia, this tune has filled dance floors across the globe with fans old and new.
The video features Britney as a female spy playing the sexy flight attendant, seducing her passenger before she makes her escape on a motorbike and breaks into a high-security facility guarded by a laser security system.
This track and video is a guaranteed way to feel invincible, and deserves a place on your playlist no matter your mood.
Kelis – Milkshake
A cheesy classic that is guaranteed to make you feel all warm and gooey inside, Kelis pumps up the heat in this 00’s RnB track. Underpinned by intricate drum beats and electric elements, Kelis’ self-confidence is infectious, and it’s hard not to find yourself smiling at the lyrics.
This track is a great way to get into a flirtatious mindset, making it a great choice before going on a date or heading out for the evening.
And if you’re staying in? It’s a great mood lift. But beware! You may find yourself craving a sweet treat.
Eve (ft. Gwen Stefani) – Let Me Blow Your Mind
This RnB classic will capture your attention with its assertive rhythm and powerful vocals from 00’s icons Eve and Gwen Stefani. Featuring a laid-back – yet self-assured – beat, and catchy guitar riff, this is a great track for driving, and its empowering feel is sure to help you feel motivated.
Got a job interview lined up, or thinking of asking for a raise? This anthemic number is a quick way to feel positive and more assertive.
The video features Eve and Gwen Stefani crashing an exclusive event on quad bikes, causing a stir among the privileged attendants, and shoving the performer off stage to perform their own music, before finally being arrested and taken to the station in a police van.
This ‘baddie’ track helps you to tap into the hidden ‘bold’ side of your personality, and lifts your mood while keeping you feeling calm and cool.
Fergie – MILF$
If you have kids, it can be difficult to feel sexy. When you’re running around cleaning the house, changing nappies, or up to your elbows in dishwater, you can easily forget your sensual side – leaving you feeling frumpy and lacking in confidence and motivation.
Thankfully, Fergie’s comeback track is a quick remedy to your low mood and lethargy.
Featuring attractive mothers dressed in curve-hugging latex and silky lingerie going about their daily life in a dreamy, colourful suburbia, this track is a quick way to transform your self-esteem and transport you to a world where you are not just a mother, but a goddess too.
Why not shake off the day and tap into your feminine energy with Fergie, your sexiest PJs, and a bottle of your favourite wine?
Marina And The Diamonds – How To Be A Heartbreaker
Low confidence after a breakup? You’re not alone. Having your heart broken can leave you feeling depressed, undesirable, and unmotivated. So flip the tables on your ex and become a heartbreaker with Marina’s catchy club classic.
This empowering dance track will make you want to move your body and get in touch with your bad girl side, with its heavy beat and pounding rhythms.
Plus, if your libido has suffered as a result of your low mood, take a sneaky peek at the video – it will get your blood pumping with its steamy shower shots and smoking hot male models.
The Pandemic Effects on Hospitality Industries and How They Overcome It
The COVID-19 pandemic affects many aspects and many sectors of life. As a result, economic sectors are fully affected, and the hospitality industry is no exception. The hospitality industry is known to be the source of job opportunities and supports many livelihoods of millions of workers and their families. Because Indonesia is primarily reliant on the service sector, the tourist industry plays an important part in the country’s growth. The increase of the COVID-19 cases has brought about a huge increase in the number of workers getting expelled or having their work ended. How did the hospitality industry survive in this era? The pandemic has provided several opportunities for numerous hospitality industries to use specific mechanisms in order to overcome pandemic difficulties.
Tourism and hospitality industries affected by the COVID-19 pandemic, including hotels, restaurants, resorts, travel agencies, travel and transportation, and real estate, show a significant losing number of tourists. According to the president of the Indonesia Tour Guide Association (HPI, 2020), 45,000 visitors have cancelled their plans to visit main tourist spots in the country between January and May. Furthermore, According to UNWTO (2020), 100-120 million direct and indirect activities were in jeopardy, and foreign tourist numbers decreased 56% year on year from January–May 2020. These noteworthy diminishing numbers primarily influenced the Indonesian financial state. For example, hotel profits have dropped by up to 40%, having an effect on hotel operations and risking business continuity. The drop in international visitors has an effect on the salary of restaurants whose clients are more prevailing than foreign visitors (Block, 2017). Following the dropping, many hospitality industries are taking awareness of tourists’ health risks and protocols taking an advance.
The recovery of hospitality industries is indistinguishable from the progressively sophisticated information innovation utilized to pull in potential visitors to choose to travel. The regaining of tourist attractions after a pandemic is required to utilize other promoting techniques to advertise their items inventively. First, social media marketing reaches many internet users who are looking for tourist information hospitality industry. This strategy is helpful in advertising and attracts many tourists to find more information related to a tourist attraction in the designated region. Second, Tourism industry players and visitors, as well as government action, are required to arbitrate between the two groups. Government policies must be in the form of the finest judgments to characterize the middle ground between commercial actors and visitors (Anggarini, 2021). This means that provided policy in the hospitality sector during-post pandemics maintains the best solution for both tourists and hospitality owners. Last, all tourism-related activities must adapt to current conditions, in which humans must live alongside Covid-19 (Anggarini, 2021). By all means, many factors, including health issues, hygiene, and safety for tourists, are priorities.
In conclusion, even though the pandemic is really affecting the hospitality industry as a whole, it gives many advancements of movement done by the hospitality industry to survive. Many resources are being used as the development of technology to provide data destinations insight. In addition, the sophistication of information technology can also facilitate the government in supervising the implementation of safe travel in accordance with government recommendations. All these initiations are good examples of overcoming pandemic situations while running hospitality industries.