Best You Think About This Before Applying For A Home Loan

So in our last post we spoke about the 4 pillars of success in business. In this post we’re going to take a closer look at the things you need to think about when getting your financial house in order. Let’s get in to it shall we.
Whether you are refinancing your home loan. A first time home buyer or even purchasing an investment property, the fact is that understanding home loan information has never been an easy task.

Before you even think of how much you are going to borrow, there are some very important things you need to consider. This will help you understand this puzzle to an inch detail and the following are some very important aspects of home loans of home loans you need to understand before applying;

1. Loan Amount

This is a very important aspect you need to put under consideration before you make any effort to apply. As far as it is important to seek advice from lenders when it comes to money matters, there is only one person to consult, you! This is a very important first step of preparing for a loan application. Evaluate to know how much you can comfortably pay per month and then go to the bank with this in mind. This will help the lender in determining how much you are eligible for as far as you repayment capabilities are concerned not based on what they think they can give you maybe basing on the state of your pay slip. To effectively do this assess your income and expenses and from the surplus, you can now make a decision on how much you are going to borrow.

2.Loan Purpose

It is clear that you should first establish a strong basis as to why you need a loan. This basis will be the force behind the right path towards borrowing a certain amount of money as the ideal home loan.

3. Loan Type

Knowing the type of loan that best suits your future is a very important aspect to making the right decisions. Evaluate yourself in order to determine which group of persons in the borrowing category do you fall in. This way, you will be able to make decisions based on facts and not fictions. If you recently got a job and you are in dire need of a home loan the low documentation loan type is a good fix for your situation. much deposit is needed

I most cases, a home loan deposit minimum is needed as a qualifier to such loans. The minimum required depends on the type of loan you intend to borrow and the period needed to repay. This way, you will have a chance to evaluate yourself basing on the amount you have saved hence, knowing the exact amount you are going to borrow. Before you decide on how much you are going to borrow, you should be in a position to tell how much money you have in the bank, and that can qualify as the deposit.

Knowing all you are needed to do before borrowing a home loan is paramount, and it is beneficial to you. This is because you will have a chance to make decisions that will not cost you before you finish repaying your loan or that will strain you too much to a point where you need to sell a property in order to repay the loan.

The 4 Pillars Of Business Growth

Your company could be broken down into 4 segments or component.

Through extensive research and study of the very most successful companies worldwide, I’ve similarly ascertained that there are 4 common focal points found in a successful strategic plan for Business Growth and Profit -Construction. Or 4 MAJOR ELEMENTS, these common focal points, are interrelated and will be made to fit together such as the pieces of a puzzle.

When you then strategically use their capacity to function cohesively, and clearly identify them in your own business, the 4 MAJOR PARTS can produce EXPONENTIAL business growth. And that type of company increase leads to an increase in bottom-line gains!

So what are these 4 MAJOR PARTS to some successful strategic plan for profit and company growth -construction?

Let’ briefly clarify what they should do with developing a tactical plan to grow your business and raise your profits, and what these 4 MAJOR PARTS are.



When you consider your company’ VISION, AIMS, and ASSIGNMENT, your primary aim is broken down into 2 components. First, you must carefully assess and clarify what direction your organization is heading in right now. What’s your VISION for the company? What are company objectives and your personal goals? And finally, what is your Mission for your own organization? Have you got these 3? In order to begin seeing real growth in your organization, you need to.

Second, you need to ascertain whether you have to change course to come up with the increase in profits you’ll need along with the business growth you want. Having clarified your VISION, GOALS, and MISSION, you’ll then know in what direction you want to steer your business to create the company growth and increased gains that you just desire.

As you implement any business growth and work through plans, keep referring back to IMPORTANT PART 1, ASSIGNMENT, & your VISION, AIMS.

MAJOR PART 1 is the guiding direction for your company, just like a compass pointing to “True North”.

IMPORTANT ELEMENT 2 of profit and the business growth -construction process is your Business Operating Systems, Management, & Training.

I liken IMPORTANT ELEMENT 2 to the engine that drives a car. When MAJOR COMPONENT 2 is considered by you in your business growth plans, you accomplish 4 things:

1. How do they play a favorable part in growing your business and increasing your gains?

2. You consider your hiring practices. How they can affect your successful business growth at the front end…, when you hire others to join you.

3. You design and assess training procedures and your direction to support the business growth which you are striving for. And,

4. Most of all, you strategically develop the operating systems that are precise your organization must have in place to efficiently and effectively run your company; whether the company owner, you, are there on the job, or not.

Are you really driving a race car that is exactly tuned or a sputtering jalopy? MAJOR PART 2 replies that question.

MAJOR PART 3 of your company increase plan is Tactical Marketing, Lead Generation, & Lead Conversion systems.

Finally, a successful company growth and profit-building tactical plan must never leave out the all-important subject of MONEY.

IMPORTANT PART 4 of your business growth plan takes a hard look at Financial Position, Reporting, & Income.

In IMPORTANT PART 4, your main focus would be to review the systems that you have in spot to understand where you are at financially, to handle your cash, to control it, and to keep it coming in. Where is the cash? Is it being spent? Are you experiencing operating systems that you have designed and set in place to control prices and expenses? Is your money coming in consistently? What Cash Flow “production” strategies are unique for your company? Are there any other “creation” strategies which you can execute instantly? What are the other ways your organization can “fabricate” added Income?

Well, there you have them.

Those are the 4 MAJOR COMPONENTS of an effective strategic plan to develop your business and boost your gains.

First comes knowledge. You’ve it.

Now, must come activity!

So it’s time for you to take actions.


1. As summarized above, write out on a sheet of paper every one of the 4 MAJOR COMPONENTS of your business.

2. Analyze each IMPORTANT PART in comparison to your business operations that are current.

3. List the focal points lacking compared to each MAJOR PART.

4. Come up with only 1 activity that you could take to enhance in all of the 4 IMPORTANT ELEMENTS.

Then you’ve got some momentum going, in case you’ve completed the 4 activity steps. Constantly focus on the 4 IMPORTANT COMPONENTS of your business. Keep working on improving in these 4 IMPORTANT COMPONENTS.

This article is an excerpt taken from your MasterMind Business Growth System, as composed by famous Business Growth Specialist and Attorney, Miguel Mendez, Jr., Esq.

Copyright 2008. . Jr Miguel Mendez, All rights reserved.

The author of this informative article, Miguel Mendez, Jr., is the Owner of MasterMind Group International. He is Speaker, Business Growth Pro, and an Attorney. Miguel Mendez performed and has signified consulting services for start up and fast growing businesses for over 22 years. For more FREE Business Increase thoughts, and to learn the best way to jumpstart your business increase in only 5 days, see []

And for that SPECIAL STRAIN of Business Proprietor Entrepreneur, Supervisor, and Professional seeking EXPONENTIAL Business Increase. The MasterMind Business Increase System is mainly for you!