Tips for improving your Credit Score before getting a Home Loan

One of the best ways to improve your chances of getting a home loan is to improve your credit score. It is because better credit scores may give you access to better interest rates and more beneficial home loan products.

Here is a list of some quick tips to help you get the best possible credit score. While there is no guarantee that all of these options will immediately boost your credit score, they may help you establish habits that will strengthen your credit score.

Show you can pay your bills on time, every time

Lenders/credit providers will want to see that you can repay a home loan on time. So, here is a list of bills that you should pay on time, every time:

>>Your credit cards;

>>Your rent;

>>Your medical and utility bills; and

>>Any other service that may use a collection agency for the recovery of delinquent accounts.

If you miss a payment date by a few days, call the service provider immediately to make the payment, and don’t be afraid to ask the provider for a one-time forgiveness.

Check your Credit Rating

You should regularly check your credit report with a credit reporting agency (such as Veda Advantage and Dunn and Bradstreet), as it will:

>>Give you an idea if you have any defaults or negative repayments history recorded in your report;

>>Give you time to get the credit report corrected before a lender/credit adviser accesses your report; and

>>Enable you to verify your credit score with a credit reporting agency.

Note: You should be aware that due to the changes in the Privacy Act in March 2014, lenders/credit providers have the ability to access your credit reports and can see the past 24 months of your repayment history.

Maintain your Available Credit

Before applying for a home loan don’t open any other credit cards or lines of credit. It is because lenders/credit providers will see you as being a risk if you suddenly take out loans for cars, electronics, furniture, etc.

Also, refrain from closing your credit cards or other lines of credit. Instead, consider paying off your balances as a lower debt will improve your debt-to-credit ratio.

This is best illustrated by the following example:

Having a total debt of $4,000 with a $20,000 available credit will look better than having just $500 in debt with $800 available credit.

Establish a Savings History

If you are borrowing more than 80 percent of the purchase price of the property, you will be required to meet the “genuine savings” requirements of lenders/credit providers. Your savings will need to add up to around 5 percent of the purchase price of the property.

For example, on a purchase price of $700,000, you will need to have savings that add up to $35,000.

Note:Saving a larger deposit should help to reduce or avoid paying “Lenders Mortgage Insurance” (LMI) and you may even be offered a more competitive interest rate by the lender/credit provider.

Avoid applying with too many Lenders/Credit Providers

Avoid submitting your home loan applications to several different lenders/credit providers at once. It is because these loan applications will appear on your credit report. You should only submit your home loan application:

>>After you have compared lenders/credit providers; and

>>After you have decided to go with a particular lender/credit provider.

Your Employment Stability

If you have had the same job for several years, then this is a big tick. So, prior to applying for a home loan, try to establish a stable employment history as it will enable you to make regular loan repayments.

If you have changed your job recently, do not worry. You may satisfy the requirements of lenders/credit providers, if:

>>You have been in a similar role; and

>>You have been in the same industry.

Disclose all Information

Lenders/ credit providers may think that you have other debts that have not been disclosed. So, always be upfront and disclose all information as non-disclosure of relevant information may result in your home loan application being declined.

Seek Expert and Professional Advice

All these tips should help you to improve your credit score. However, you should speak to a professionally qualified and expert finance broker who can help you to create a personalised credit improvement plan. Establishing this relationship with a finance broker will help you to determine which potential lender/credit provider best meets your needs.

All the Best!

Singh Finance is a reputed Australian finance brokerage firm. Its team of expert finance brokers will help you improve your credit score as well as find you a low rate home mortgage loan. Call on 0424 190 908 today or enquire online now.

Boost Business Revenue with Immunity Boosting Health Supplements

Consumer surveys reveal that the recent pandemic has changed the perception of health and wellness. People are more inclined towards organic foods that provide nutrition. They are choosing organic health supplements to access benefits such as:

a. Boosting overall wellness

b. Ensuring protection against common flu and cold symptoms

c. Preventing headaches and migraines

d. Alleviating some allergy symptoms, etc.

Organic Immunity Boosting Supplements: Start your Business Now

If you are interested in selling immunity boosting supplements, the time is now. By choosing to work with a reputed contract manufacturer, you can enjoy better economies of scale, earn more revenue, and establish your brand as a market leader.

1. “Boost Immunity” is the Buzz Word

With the increasing need for maintaining and increasing immunity power, the global immune health supplements market will experience phenomenal growth from 2020 to 2030.

Consumers are looking for immunity boosting ingredients, and with the COVID-19 pandemic, the demand has accelerated more towards food supporting the immune system. Instead of taking allopathy medicines, people want organic food supplements that can aid in keeping their immunity in better shape.

According to Google trends data, when you combine the searches for food and immune systems, the numbers skyrocketed by 670% between February-March 2020. There is a growing demand for organic health supplements that enhance immunity. And so, supplement manufacturers are creating products in all forms (tablets, capsules, powders) for people to strengthen their immune systems.

2. Growing Awareness among Consumers

The tremendous growth in the sales number of health supplements is due to rapidly growing lifestyle changes, increased urbanization, and improved health consciousness. Consumers are becoming aware of health issues, and immunity has become a vital part of it. People who follow balanced diets take additional nutritional supplements to save time during their hectic schedules.

Instead of synthetic supplements, organic immunity boosting health supplements help the body fight infections naturally. With ingredients such as Ashwagandha, Giloy, kalmegh, amla/Indian gooseberry, haldi/turmeric, Tulsi/basil, Trikatu, and dalchini/cinnamon, etc., the body can strengthen itself without any harsh chemicals. So, if you sell organic immunity booster products without any harmful chemicals and synthetic additives, people are more likely to choose them instead of other options available on the market.

3. Unhealthy Lifestyle and Old Age

Urban adults and the older population can become a potential market for your products. Why?

The general lifestyle pattern is getting unhealthier. A sedentary lifestyle and low nutritious value of food (due to excessive use of pesticides) are making people nutrient-deficient and thus, reducing their chances of fighting infections successfully. Constant yo-yo dieting and giving up on essential nutrients make the body weak and prone to infections. And, so supplements become necessary for optimum health, especially when you are dieting.

If you are concerned that your diet is not meeting the nutritional requirements, taking a daily supplement may provide health benefits and boost your immune system. As we grow older, our immunity reduces, thus making us more prone to infections. Dietary supplements may help older people maintain a healthier immune system.

4. More Effective and Advanced Supplement Formula

As the health food supplement industry is growing faster than ever, scientists are researching different and more advanced ways of ensuring efficient ways to boost the nutritional content of the supplements. With nanotechnology, reputed contract manufacturers can create innovative health supplements that protect your body against infections. This way, your body can receive and absorb nutrients easily.

So, when you decide to sell organic supplements, test out the veracity of the claims so that your customers get the best products. Discuss the latest developments in the health industry to learn how to make your products more successful.

So, why wait? Let’s build a Brand!

There is no doubt that the importance of immunity has increased today! And immunity boosting supplements will strengthen immunity and play a significant role in the coming years. So, it is the right time to work with an ISO-certified contract manufacturer and build your brand of immunity strengthening supplements.

Hospital Furniture and its importance in Healthcare systems

Hospital Furniture is one of the essential in medical care for the hospital. It includes trolleys, side screens, hospital beds, chairs and tables. Medical furniture along with modern medical devices have an important role to play within health care. They not only help clinicians to perform the procedures with utmost safety of subject, but also make patients feel comfortable during and after treatment.

It is also important to understand that a wide variety of different hospital furniture are used during medical examination of the patients enabling medical staff to diagnose properly. Also, ICU hospital furniture aids in the safety of critical ill patients. Clinical furniture, thus, has a multitude of applications and functions in any medical facility.

Hospital furniture is an important part of any healthcare system. Its design and functionality can make or break the quality of care patients receive while hospitalized. From beds and stretchers to medical carts and chairs, different types of furniture are necessary to provide a comfortable and safe environment for patients and staff. It is essential that furniture be comfortable, functional, and durable to ensure patients have a positive hospital experience. That’s why it’s important for hospitals to choose the right medical company as per their required needs.

TYPES OF HOSPITAL FURNITURE IN HOSPITALS

With the tremendous hike in demand for medical services, the furniture in a medical facility needs to be renovated and changed daily in terms of designs, characteristics and various other parameters to meet the clinical requirements.

The wide variety of hospital furniture includes:

Hospital Beds: They must be designed in such a way to ensure the comfort and convenience of the patient as well as medical professionals. They should be in different types, features, sizes and colors. Various categories of medical beds include Coronary Care beds. They have additional features like side rails, highly soft mattresses etc for complex treatments. Adjustable beds: These beds help in relieving back pain of patients or swelling of the legs. By using this, the patients get more comfort and faster recovery in several chronic medical issues. Plain beds: Used in the general wards of the hospitals, they are the most commonly used ones. They can be operated manually by staff and can also be used for personal care services at home.

Hospital Tables: When a patient is confined to a highly specialized clinical procedure, they can be very helpful during treatments like surgery, like operation tables. Various supply companies provide them with various essential parameters like safety and functionality. They come in different sizes, designs, colors, with adjustable folding, and with comfortable easy operating features.

Hospital Trolleys: In case of any medical emergency, the staff at hospital needs to carry equipment like an oxygen cylinder to the Operating Rooms and Operation Theaters. They are used to carry and transport hospital accessories from one place to another with minimal effort and more comfort. Wide variety of trolleys have wheels for easier transportation. Baby trolleys, oxygen cylinder trolleys, emergency trolleys and stretchers are some of the examples of trolleys commonly used in every medical facility.

IMPORTANCE OF USING MODERN FURNITURE

Modern furniture plays an essential role in the hospitals. It can be a good way of interacting with patients as they enter it. It can also provide them a place to relax. It can influence a patient’s feelings, both positively and negatively. Furniture is an integral part of any medical infrastructure; it also enhances good interaction between the patient and staff, or providing clinicians to complete the task in a proper and optimal way. Hospitals should emphasize on patients and visitors’ comfort.

In the outpatient department, medical furniture is often selected based on longevity and area considerations, patients and their families feel relaxed and comfortable to reflect, leading to a decrease in patient stress and a negative mindset. Hospitals are the support center of human well being and the patients spend most of their time on beds which amount to a high percentage of their time on hospital stay.

As the quality parameters are mandatory in medical sectors, furniture brings forth a peaceful and comfortable environment that contributes to the healing process. The quality of furniture from different companies differs, and one should choose wisely. Furniture which is important for a well-established medical center includes: medical cupboards used for storing general instruments, bassinet, bathtub, cradles, crib and shower gurneys, bedside tables, lockers, cabinets, lift chair and wheelchair.

MAINTENANCE AND CLEANING OF MEDICAL FURNITURE

Furniture can be maintained and cleaned in the following ways: When moving cabinets from one area to another, it should be lifted off the ground. Avoid damaging the legs. Clinical Furniture such as soft beds should be located in a dry place, to prevent negative effect on the elasticity. The floor where furniture is placed must be flat and the four legs must be properly grounded. It should be located in a good ventilated area, not close to fire sources, and not exposed to the sun which can damage it. In medical centers, frequent sunlight can easily oxidize and deteriorate metal coatings of most of the hospital furniture. Dust should be gently swept away with a soft duster. Try not to scrub with liquids. It must be wiped gently with a damp soft cloth. Do not scrub with alkaline water, so as not to negatively impact it. The brightness of the paint may cause the surface paint to shed off.

When cleaning and maintaining healthcare furniture, one must first make sure that the cloth used is properly cleaned. After wiping off the dust with the one cloth, one must make sure to turn it over or replace it with another clean cloth before using it. One should not be lazy and should avoid using the dirty side over and over again repeatedly. The reason is using the dirty side of the cloth over and over again will promote the dirt to shed off on the surface of the medical furniture repeatedly, thereby affecting the shiny surface of the furniture. Additionally, one should remember to wash and dry the cloth after every use. Different furniture from a wide variety of medical equipment suppliers use different fabric materials. For furniture made of fabric materials, like fabric sofas and cushions. One can use cleaning and maintenance agents to clean them.

CONCLUSION

The use of modern furniture is important for the comfort and safety of patients. Furniture that is not maintained and cleaned properly can present a health hazard to patients. Healthcare professionals should be aware of the importance of proper maintenance and cleaning of hospital furniture. Hospital furniture is an important aspect of a hospital. It helps to provide a comfortable and relaxing environment for the patients. In addition, it also helps in the treatment and care of the patients.

There are different types of hospital furniture that are used in hospitals. Some of these include beds, chairs, sofas, tables, etc. The use of the right medical for modern healthcare furniture is also an essential parameter to help improve the look and feel of a hospital. It can also help to create a more relaxed and calming environment for the patients. In addition, it can also make the hospital appear more professional and up-to-date. Hospital furniture should be regularly cleaned and maintained in order to keep it looking new and fresh. This will ultimately lead to quality patient care.