Actually, however, the term “mortgage calculator” isn't as simple as it sounds. There is a wide variety of calculators designed for a variety of needs. Whatever question you have about a mortgage, or your financial situation in relation to a mortgage, there is a good chance there will be a mortgage calculator to help you.
So what questions might a mortgage calculator be able to answer for you?
• I've seen a house I like – can I afford it? The calculator tells you to put in the price of the house and the required deposit. It will tell you the amount you have to borrow at a selected rate – e.g. the current base rate or the rate on offer – in order to buy the house.
• What is the maximum amount I can borrow for a mortgage? This is a simple calculator based on your income to give you a basic idea of what you can afford, in order to give you guidance as to what price-bracket you should be looking in. But don't forget there's no guarantee that a lender would actually give you that amount – they take other things into consideration such as your credit rating and your other commitments. (A few calculators actually enable you to enter your commitments and regular outgoings as well.)
• How much would I have to pay out a month on this loan? The calculator enables you to put in the amount you want to borrow, over how long and at what interest rate. It the gives you the monthly payments for an interest-only or a repayment mortgage.
• What would be the effect of a rate change on my repayments? With this calculator you can work out how much more or less a month you would pay in the event of a rate change. You enter the details of your mortgage – amount, rate, term etc. – and then click on increased rate or reduced rate.
• Would it be worth my while to take advantage or this good remortgage deal, given the amount of the redemption fee? This can be very helpful. Sometimes you are tempted to remortgage at a good rate but are uncertain whether the redemption fee would cancel out most of your savings. The calculator works out the maximum interest rate you would need to be paying in order to make a switch worthwhile.
These are just some of the mortgage questions a mortgage calculator may be able to help you with. As you see, most of them are very simple. They give you an indication of the direction you should take, but can't take into consideration all the factors involved in the costs of a mortgage. Everybody's situation is unique. If you are in any doubt, talk to a whole of market mortgage broker who can look at the complete picture.
To Answer Your Questions
Are you ready to start your residential cleaning service? Once you've purchased the supplies and equipment, obtained the necessary insurance, and hired your crew you will be looking for clients. Your cleaning customers will have questions for you - everything from the training you give your employees to your rates to what they should do with their pets when you come to clean. Following are questions you should be prepared to answer:
1) Can I trust your company? Are you insured and bonded? Your cleaning company should be bonded and have liability insurance, as well as workman's compensation for your employees. Be prepared with a flyer or document that lists your insurance/bond company and the types of coverage you have. You should also do background checks on all employees.
2) Does someone need to be at home when you clean? This is generally the customer's choice. If the customer will not be home you need to have the key in a safe place and if they have an alarm you will need the alarm code.
3) Do I provide the cleaning chemicals and equipment? As a cleaning company it is your responsibility to provide your own supplies. Purchase professional cleaning chemicals and equipment from your local janitorial supply house. You'll be able to save money by buying quality equipment that will last and economical chemicals that go a long way with dilution control systems, rather than using ready to use products.
4) How do I pay for your services? Make sure you state your payment policies clearly. If you require payment at the time of service, the customer needs to leave you a check or credit card number if they will not be home.
5) Will I always have the same team cleaning my home? You should always try to have the same individuals or team clean the home. This will mean faster cleaning time as your staff will be familiar with the home. It also helps the customer feel comfortable having the same individuals in their home.
6) What if something in the home gets damaged or broken? Accidents do happen. Train your employees to report any damaged or broken items immediately to a supervisor. A note should then be left for the customer explaining about the accident and that your company will take care of the damaged or broken item as soon as possible.
7) How many people will be in the home to clean? Your team should consist of 2-3 individuals.
8) What services does your residential cleaning company provides? List the services included in regular cleaning (vacuuming, dusting, cleaning of kitchen and bathrooms, etc.) and also indicate what special services you provide (carpet cleaning, window washing, etc.) and the additional charges for those services.
9) What time will you clean the home? It may not be possible to give the client the specific time that you will be in the home, but give them the hours you clean, Monday thru Friday, 8 am to 5 pm, and the approximate time you expect to be at their home.
10) Should I do anything before you arrive to clean? Your job is to clean the home. However, you may ask that your customer pick up toys, clothing and other household type items that will slow you down.
11) Do I have to sign a contract? This is a decision you will have to make for your cleaning business. Contracts are helpful as they spell out the responsibilities of both parties.
12) What do I do with my cat? Cats, dogs and other animals, birds, etc. should be in a kennel, cage or other location where they will not get in the way of the cleaning team.
Both Seanhorton & Steve Hanson are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Seanhorton has sinced written about articles on various topics from Mortgage, Finances and Internet Marketing. Sean Horton is a Director of Enhanced Wealth who offer an online. Seanhorton's top article generates over 12100 views. Bookmark Seanhorton to your Favourites.
Steve Hanson has sinced written about articles on various topics from Cleaning Business, Business Plan and Home Appliances. Steve Hanson is co-founding member of TheJanitorialStore.com, an online community for owners and managers of cleaning companies who want to build a more profitable and successful cleaning business. Sign up for Trash Talk: Tip of the Week at. Steve Hanson's top article generates over 18100 views. Bookmark Steve Hanson to your Favourites.
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