4 Reasons Seniors get a Reverse Mortgage Even if they are Millionaires

Smart Move for Retirement Planning

Reverse Mortgage Equity Lines

Reverse Mortgage Expert

Paul Scheper, CRMP, CSA, MBA

Your Lender For Life!

Loangevity Mortgage

Why half of all reverse mortgages are made to homeowners who don't need the money today.

It’s better to have the equity line and not need it than to need it and not have it, in case you might need it down the road.”

— Rick McKinley, Prudential

IRVINE, CA, UNITED STATES, November 27, 2020 /EINPresswire.com/ — A reverse mortgage is just a loan. It also is just a line of credit. It is just a way for senior homeowners (Age 60 plus) to live a more comfortable retirement. As a line of credit, a reverse mortgage equity line operates as a “stand by” cash reserve, a “just in case” fund for aging homeowners to access in case unexpected life events occur later on.

Here are four things to know about Reverse Mortgage Lines of Credit (with emphasis on the government insured Reverse Mortgage Equity Line:

1. A Reverse Mortgage Line of Credit typically increases every year. The “credit line limit” on a reverse mortgage grows each month based on how much of the credit line is not used. This unused amount grows at whatever the interest rate is on the government-insured reverse mortgage (or at 1.5% for Jumbo Reverse Mortgage Credit Lines). As an example, on the FHA insured reverse mortgage, if the interest rate were 4% on the loan, then your line of credit would increase by the matching and offsetting 4% every year regardless of the value of the home. That's right… even if the value of your home goes down, your REVERSE MORTGAGE Line of Credit is guaranteed to rise each year. This means that if you opened a $200,000 reverse mortgage credit line today at age 62, and did not touch the unused line of credit for 20 years, the credit line would more than double. It gets bigger on the unused portion. It grows if you do not need the money, which is why so many homeowners get the reverse mortgage line of credit.

2. A Reverse Mortgage Line of Credit Limit grows on the unused balance. This allows many seniors to get a reverse mortgage at the young, ripe age of only 62 years old, and let it sit and grow (based on the unused balance) to have a reserve account “just in case” life events require more money. Most seniors tap this unused line of credit in case unexpected home repairs pop up, or a spouse might need nursing home care, assisted living, or in-home caregivers, having access to a huge chunk of money (via the credit line growing for all of those years), it helps seniors be prepared and ready in case unexpected “life events” turn up.”

3. A Reverse Mortgage Line of Credit does not require the borrower to make any monthly payments ever, and if that's what a borrower chooses to do, the loan will be repaid when the home is sold or upon the death of the borrower and spouse, or when the home would presumably be sold or refinanced by the heirs. The interest on a reverse mortgage can be paid either monthly, or at the end of the loan, or at any amounts chosen by the homeowner.

4. A Reverse Mortgage Line of Credit does not recast like a traditional equity line. A traditional home equity line of credit is an interest only loan for 10 years, after which time it becomes fully amortizing, meaning that the monthly payments will shoot up ten years after you got the loan. So, if you got a regular HELOC at 62, you'd be facing payment shock at 72, when it's likely that your income has gone down. On a reverse mortgage equity line, there is no frightening “payment shock.”

In addition, qualifying for a HELOC today is no easy task for people in their retirement years. It's no longer about how much equity you have, it's all about your monthly income, which is the one thing retirees generally don't have in large supply. With real estate home values high, and interest rates so low, now might be the time to get a reverse equity line, even if you don’t need the money today. It’s a good thing to have, just in case you need the money down the road. Rick McKinley, of a Financial Planner with Prudential has some sage advice about looking into reverse mortgages. Says McKinley, “It’s better to have the equity line and not need it than to need it and not have it, in case you might need it down the road."

Paul E. Scheper, President
Loangevity Mortgage
+1 9496367242
email us here


Source: EIN Presswire

Top 10 Reasons People get Reverse Mortgages

Top 10 Reasons People get Reverse Mortgages

Loangevity Mortgage

A reverse mortgage might be the answer

You can’t take it with you – Enjoy Your Retirement Now

Reverse Mortgage Expert

Paul Scheper, CRMP, CSA, MBA

Top 10 reasons why a reverse mortgage might be suitable

A reverse mortgage is not a free lunch, nothing in life is free.”

— Troy Paepke

IRVINE, CA, UNITED STATES, November 27, 2020 /EINPresswire.com/ — During the Covid-19 pandemic, Reverse Mortgages are more popular than ever.
Here are the TOP TEN reasons that, since 1988, over ONE MILLION homeowners have obtained a reverse mortgage.
And, ironically, these ten reasons are the same "top ten" reasons people choose reverse mortgages in the year of Covid-19.

1. To live in their homes forever, or for as long as possible;
2. To not fear “outliving” their money;
3. To payoff and replace their existing mortgage (which requires a mandatory monthly payment) with a reverse mortgage, which allows all payments to be deferred until the end of the loan;
4. To off high interest rates on credit cards;
5. To make necessary home improvements;
6. To handle medical bill payments, co-pays for insurance, and medicare deductibles, and prescription drug costs;
7. To replace Social Security Income when a spouse passes;
8. To replace the cash flow when an IRA-401K-Pension stops paying out;
9. To replenish savings, to improve monthly cash flow;
10. To establish a line of credit, just in case problems/challenges occur later on in retirement.

Reverse mortgage safeguards make this a safer, more sensible solution than ever. Mandatory counseling sessions help the seniors ask questions and get the numbers. There are restrictions on how much a senior can borrow and there are more choices than ever.
The five words that describe a reverse mortgage – It is just a loan. Sometimes it’s a suitable and appropriate way for a senior homeowner to age in place, to be happy, and comfortable. It need to be the right loan, for the right person, for the right property, and for the right reason.

Qualifications are very similar to getting a traditional loan, except the income and credit score requirements are not quite as robust. The homeowner must continue to make regular property tax payments, and insurance and association dues, just like with all home loans. The main difference is there is a age requirement, an home equity minimum and an occupancy requirement. "It's not a free lunch, nothing in life is free," says Troy Paepke, of Loangevity Mortgage. Paepke further points out, "The borrower still pays mortgage interest, but instead of paying it monthly, it can be charged at the end of the loan."

Paul E. Scheper, President
Loangevity Mortgage
+19496367242 ext.
email us here


Source: EIN Presswire

Reverse Mortgages 101: A Primer

Reverse Mortgage Expert

Paul Scheper, CRMP, CSA, MBA

Reverse Mortgages - The Basics

Reverse Mortgages Explained

Financial Implications of a Reverse Mortgage

The Sense & Cents of Reverse Mortgages

Education is the key to understanding Reverse Mortgages

A reverse mortgage needs to be suitable, sensible and appropriate for senior homeowners.”

— Paul E Scheper, CRMP, MBA, CSA, SRES

IRVINE, CA, UNITED STATES, November 27, 2020 /EINPresswire.com/ — A Reverse Mortgage is just a loan. It's like all loans — their are fees to get one, and interest to be paid on it. The biggest difference is that a reverse mortgage does not require a monthly payment to be paid "to" the lender. Instead, the interest on a reverse mortgage can be deferred, or accrued, or "tacked onto" the growing loan balance.

A homeowner who is 62 or older and has considerable home equity can borrow against the value of their home and receive funds as a lump sum, fixed monthly payment or line of credit. Unlike a forward mortgage—the type used to buy a home—a reverse mortgage doesn’t require the homeowner to make any loan payments. It's not too good to be true, because it is just a loan. It's not a free lunch.

For over One Million senior homeowners, a Reverse Mortgage removes financial stress because, unlike other mortgages, no payment is due until the home is no longer the primary residence of the borrower. So borrower(s) are not required to make monthly mortgage payments. (Note: the homeowner must make their normal tax, insurance and HOA dues on time.) Cash flow increases removing the financial stress. Homeowners qualify if they are 62 or older, own their home, occupy their home as their primary residence, and have enough equity to pay off any current mortgages or liens. They also have to demonstrate their ability to pay the property taxes and insurance in the future.

A reverse mortgage contains a "non-recourse" provision, which helps the senior homeowner (and their heirs) to have no personal liability. The borrowers or their heirs are never required to pay more than the fair market value of the home upon repayment of the reverse mortgage. The mortgage is only on the property and is not the liability of any person. So if one stays in their home a long time and the balance due is more than the value of the home, the borrower or their heirs are not responsible for the difference in payment of the debt. The same is true if the property value decreases.

When initiating a reverse mortgage, generally the older the borrower(s) the larger percentage of funds they can access. The Line of Credit grows on the HECM, making more funds available for future use. The proceeds are tax-free and Social Security and Medicare are not affected because it is a loan against the property so the proceeds are not considered income. (Note: Consult a tax advisor and/or legal services for your situation.)

Income, assets and credit score do not determine one’s reverse mortgage interest rate as they do with a conventional mortgage. The initial interest rate on a conventional mortgage will be higher with lower income, assets and/or credit scores. The initial interest rate on the HECM adjustable rate programs (the most common Reverse Mortgage program) is based on the U. S. Treasury CMT (effective December, 2020), plus a margin. The interest rate has often been lower than what one could qualify for on a conventional mortgage. While the interest rate is not impacted by income and credit, they are used for the financial assessment to determine borrower’s ability to pay property taxes and insurance into the future.

There are no restrictions on how the proceeds can be used. Borrowers can stay in their home as long as they choose and access the cash now.
Reverse mortgages help seniors plan for future and maintain lifestyle. The main reason people like reverse mortgages is because they offer seniors a sense of control and comfort with their retirement plans, along with financial freedom and peace of mind.

Are reverse mortgages right for everybody? No. Before getting a reverse mortgage, seniors should meet with an approved FHA lender to receive a "suitability test" to make sure a reverse mortgage is the right loan, for the right person, at the right time, and for the right reason.

Paul E. Scheper, President
Loangevity Mortgage
+19496367242 ext.
email us here


Source: EIN Presswire

SEYMOUR FINANCIAL RESILIENCE INDEX TM PROVIDES DEEP DIVE ON FINANCIAL RESILIENCE & VULNERABILITY OF CANADIANS

During COVID-19 over 18 million adult Canadians are not ‘Financially Resilient’, with the financial health and resilience gap widening between June and October

The Index exposes the financial vulnerabilities of households during good and bad times, which can be contradictory or hidden from traditional measurements.”

— Eloise Duncan, CEO and Founder of Seymour Management Consulting Inc

NORTH VANCOUVER, BC, CANADA, November 26, 2020 /EINPresswire.com/ — SEYMOUR MANAGEMENT CONSULTING INC. RELEASES OCTOBER SEYMOUR FINANCIAL RESILIENCE INDEX TM PROVIDING A DEEP DIVE ON THE FINANCIAL RESILIENCE AND VULNERABILITY OF CANADIANS DURING COVID-19

Seymour Management Consulting Inc., a Canadian financial consulting firm and leading independent authority on financial health, released its October 2020 Seymour Financial Resilience Index TM.

A unique Index and the first of its kind in the world, the Seymour Financial Resilience Index TM Index measures a consumer or household’s ability to get through financial hardship, stressors and shocks as a result of unplanned life events based on nine behavioural, sentiment and resilience indicators. The index measures a households’ ability to bounce back from financial stressors and shocks at the national, provincial, segment and individual household levels, including for Big Five bank customers. The Index is comprised of four “resilience segments” – “Extremely Vulnerable, Financially Vulnerable, Approaching Resilience, Financially Resilient.”

“We created the Index because we wanted to bring to light the behaviours, sentiments and factors affecting Canadians’ financial resilience,” says Eloise Duncan, CEO and Founder of Seymour Management Consulting Inc. [‘Seymour Consulting.’] “The Index exposes the financial vulnerabilities of households during good and bad times, which can be contradictory or hidden from traditional measurements. Our data shows that as Canadians, we’re by and large dutiful in paying our liabilities and debts on time, but many of us have financial challenges underneath, that can influence our ability to get through financial stressors or shocks; influence our relationship to money or have impacts on our current and future behaviours.”

The Index, and FHI dataset, provides a new macro-lens for policymakers, economists, bankers, lenders and other organizations on the changing financial resilience of households, including for example, those who have or haven’t experienced job losses and/or reduced hours as a result of pandemic impacts, and who have or haven’t accessed Government COVID-19 financial relief or mortgage or loan deferral programs from their Financial Institutions.

Adds Duncan, “Using the iceberg analogy, financial resilience is what is under the water and not generally visible. It can be large (Financially Resilient) or small (Extremely Vulnerable). The index and financial resilience score shines a light under the water to see just how resilient we are. It can be a tool to help inform and guide Financial Institutions, Governments and other organizations across our ecosystem to support their customers, citizens, key populations and communities in a more meaningful and targeted manner.”

Developed over four years by Eloise Duncan, CEO and Founder of Seymour Consulting and her team, the Index is complemented by the longitudinal data and measurement on the financial health of Canadians, based on Seymour’s Financial Health Index [FHI] studies survey data.

“The Index provides a financial resilience score from 0-100, across the four financial segments from “Extremely Vulnerable” to “Financially Resilient”, with “Financially Resilient” households representing only 28% of the adult Canadian population, and all income demographic groups represented across all four segments ,” adds Duncan. “What we’re seeing based on the October index is increasing financially vulnerability particularly for households impacted by job losses and/or reduced hours, which are disproportionately impacting ‘Extremely Vulnerable’ and’ Financially Vulnerable’ households. Based on our data, of concern is how some households, despite working harder to adjust their behaviours to make ends meet and having accessed Government COVID-19 support and/or payment deferral programs or other help to bridge through, are still falling behind, with their financial resilience scores worsening. Incidentally more of these people are also feeling less well supported by their primary Financial Institution, and/or are having difficulties in accessing financial services, education, advice or help.”

The October Index release shows how Canadians’ sentiments and consumer and financial behaviours are changing in the first eight months of the pandemic with real differences by province and across the four financial resilience segments.

• 67% of Canadians agree that the pandemic has made them re-think their relationship with money, and 33% now worry often about having their household income reduced as a result of COVID-19 or a future recession.
• 63% of households have significantly reduced their non-essential expenses in October, up from 61% in June and 42% of households have drawn down on their savings, up from 30% in June.
• 15% of households report saving significantly or moderately more now compared to pre-pandemic (but this is 31% for Financially Resilient Canadians) whereas 51% of Financially Vulnerable and 41% of Extremely Vulnerable households respectively are saving significantly or moderately less.
• Canadians have been creative in other ways to reduce their expenses and make ends meet, with 9% moving house or changing accommodation to reduce living expenses; 17% having sold or pawned something to get by and 11% having deferred utility payments.
• Many Canadians are paying down debt or consolidating their debt and reducing their borrowing for everyday expenses. That said, 27% Canadians reported that they worry often about managing their overall debt load in October.

The Index shows many differences in the financial resilience scores, behaviours and vulnerabilities for different demographic groups; also based on different financial stress/ wellness, resilience/ vulnerability and consumer and financial health indicators tracked since 2017. For example, as of October, Extremely Vulnerable households are working much harder than ever to make it through – with 80.7% if them reported having significantly reduced their non-essential expenses, up significantly compared to 70.3% in June. 43.6% have had to increase borrowing for everyday expenses (up from 31.4%) and 66.2% have drawn down on their savings, compared to 49.7% just three months prior.

For more information about Seymour Consulting and the Index, visit http://financialhealthindex.org.

About Seymour Management Consulting Inc.
Seymour Management Consulting Inc. is a Canadian financial services consulting firm founded in 2009. We are the leading independent authority on financial health in Canada and members of the C.D. Howe Institute. Through our team of experts and partners, and by applying the Seymour Financial Resilience Index TM, we deliver measurement, research and analytics, strategic consulting and collaborative innovation. Our vision is for financially healthy, resilient Canadians.

Cynnamon Schreinert
HartleyPR
+1 604-802-2733
email us here


Source: EIN Presswire

Do Canadian Zero-Till Farmland Portfolios Meet ESG Mandates?

As a number of investors move to ESG mandates there is a need to find assets which are ESG compliance while providing suitable risk adjusted returns.

CALGARY, AB, CANADA, November 26, 2020 /EINPresswire.com/ — As a growing number of investors move to ESG driven mandates there is a pressing requirement to find assets and strategies which contribute to ESG compliance while still providing suitable risk adjusted return prospects.

One such strategy to consider is Canadian farmland, where zero-till farming is a common practice. Zero-till involves eliminating all or many tillage operations, and placing seed, fertilizer, or manure with minimal soil disturbance. There are several features of zero-till that contribute to ESG, including:

Reduced Fuel Consumption: The practice of zero-till has been shown to require less than one-third of the fuel per acre of conventional tillage.

Reduced Erosion: By leaving crop residue on the soil’s surface during periods in which no crops are growing, it is possible to reduce erosion. As a result, zero-till is estimated to have 10-20 times less erosion than conventional tillage.

Improved Water Retention: Crop stubble and residue helps soil retain moisture, instead of evaporating at the surface.

Reduced Compaction: Farm equipment is heavy and by reducing the amount of equipment passes, soil compaction is significantly reduced.

Carbon Sequestration: Research has shown that zero-till farming practices have contributed to increasing the carbon sequestration of prairie farmland by 400% since the mid-1990s. Research shows prairie farms are now storing more carbon than they emit and that Canadian cropland can sequester as much as 22 million tonnes of atmospheric carbon dioxide per year by using best management practices such as zero-tillage.

Who is Veripath: Veripath is a Canadian alternative investment firm. Members of Veripath’s management team have decades of farmland, private equity, and private credit investment experience. Veripath implements its farmland strategy in a way that seeks to preserve as far as possible farmland’s low-volatility return profile – the attribute that generates a material portion of Canadian farmland’s superior risk adjusted returns. Veripath does this by seeking to minimize operational, weather, geographic and business-related risks – and capture the pure return from land appreciation. Veripath holds over 32,000 acres in its portfolio and has experienced rapid growth as capital providers seek exposure to the Canadian farmland asset class. Veripath’s offerings can be accessed through several full-service Canadian broker dealers and on the Deal Square electronic order processing platform. Utilising a unique split fund, evergreen structure, Veripath opens the Canadian farmland thesis to the largest possible universe of investors and for the first time makes compliance with the various provincial farmland ownership regulations simple and straightforward. Canadian farmland allocations have several compelling characteristics that make them a worthwhile portfolio allocation for both institutional and retail investors and Veripath’s structures are available to both. For more information on Veripath please feel free to register online at www.veripathfarmland.com or call 587-390-8267.

Disclaimer: This article is only an expression of our opinions on the subject matter set forth herein and includes information from, or data derived from, public third party sources including commentaries, articles, industry publications, reports and research papers. Veripath has not independently verified the accuracy, currency, or completeness of any of the information and data contained in this article which is derived from such third-party sources. While we have a good-faith belief in the accuracy of what we write, all such information is presented “as is,” without warranty of any kind, whether express or implied. The use made of the commentary set forth in this article is solely at the risk of the user of this information. This article is intended only as general information presented for the convenience of the reader and should not in any way be construed as advice of any kind, investment or otherwise.

Veripath Farmland Funds
Veripath Farmland LP
+1 5873908267
email us here
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Source: EIN Presswire

Residential Real Estate Market Surpass $12,182.1 billion by 2027, Growing at CAGR of 9.0%

Global Residential Real Estate Market 2020-2027: Business Development and Growth Opportunities by Industry Expert

PORTLAND, OREGON, UNITED STATES, November 26, 2020 /EINPresswire.com/ — The residential real estate market size accounted for $8,567.4 billion in 2019, and is expected to reach $12,182.1 billion by 2027, registering a CAGR of 9.0% from 2020 to 2027. In 2019, the less than $300,000 segment dominated the residential real estate market, followed by the $300,001 to $700,000 segment.

The residential real estate market includes revenue generated by buying and selling of residential properties that consist of mini-flats, studio apartments, bungalows, and villas.

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The residential real estate market is mainly driven by rise in urbanization in developing countries. In addition, rise in population has led to rise in demand for residential properties. Moreover, several government policies such as Golden Visa, low interest rate on loans, and affordable housing schemes also propel the market growth.

However, there is excess construction of residential properties in developed countries, which has increased the demand and supply gap and brought the residential real estate market to a saturation point. In addition, owing to the outbreak of COVID-19, lockdown was announced, which, in turn, led to a halt in construction activities as well as impacted transactions in the market. Moreover, several countries such as South Korea are planning and expanding cities such Gangnam and Gangbuk, which are anticipated to boost the market growth.

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The report analyzes the residential real estate market by budget and size. On the basis of budget, the market is divided into less than $300,000, $300,001 to $700,000, $700,001 to $1,000,000, $1,000,001 to $2,000,000, and more than $2,000,000. Depending on size, it is classified into less than 50 square meters, 51 to 80 square meters, 81 to 110 square meters, 111 to 200 square meters, and more than 200 square meters.

The major players profiled in the residential real estate market include Arabtec Holding, Christie’s International Real Estate, Coldwell Banker Real Estate LLC, DLF Limited, Engel & Völkers AG, Hochtief Corporation, IJM Corporation Berhad, Lennar Corporation, Pultegroup, Inc., Raubex Group Limited, Savills plc, Sotheby's International Realty Affiliates LLC, Sun Hung Kai Properties Limited, and Vinci.

Get detailed COVID-19 impact analysis on the Residential Real Estate Market @ https://www.alliedmarketresearch.com/request-for-customization/7931?reqfor=covid

Key Findings Of The Study
• By budget, the less than $300,000 segment was the highest revenue contributor in 2019.
• By size, the less than 50 square meters segment generated the highest revenue in 2019.

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Source: EIN Presswire

Tile Grout and Adhesives Market Set to Reach $3,880.2 million, growing at a CAGR of 6.8% during 2019 -2026

Global Tile Grout and Adhesives Market 2019-2026: Business Development and Growth Opportunities by Industry Expert

PORTLAND, OREGON, UNITED STATES, November 26, 2020 /EINPresswire.com/ — Global tile grout and adhesives market size was valued at $2,244.0 million in 2018, and is projected to reach $3,880.2 million by 2026, growing at a CAGR of 6.8% from 2019 to 2026. Tile grout and adhesive is a mixture of cement, chemicals, sand, and water. It is used to install and fill gaps of tiles for flooring. In other words, it is a special kind of glue utilized to fix tiles all around the residential and commercial spaces.

Rise in adoption of thermally treated tiles, growing popularity of outdoor entertaining area among residential end users, and surge in residential and non-residential construction activities drive the growth of the tile grout and adhesives market. However, threat of substitute products and fluctuations in foreign currencies may hamper the tile grout and adhesives market growth. Furthermore, increase in emphasis toward utilization of low VOC grout and adhesive is expected to offer lucrative growth opportunities for the market.

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In 2018, based on type, the adhesives segment accrued the largest share in the tile grout and adhesives market. In addition, the expansion of infrastructure sector throughout the globe especially in emerging nations such as China and India fuels the demand for construction adhesives. Thus, growing infrastructure sector is expected to drive the growth of the grout and adhesives market.

Moreover, the manufacturers of grout and adhesives are developing new products as a strategy to increase their tile grout and adhesives market shares. For instance, in October 2019, Bostik, a brand of Arkema, launched BAM, a high-performance fiber-reinforced tile mortar. The product is formulated with RapidCure technology and can be used for the installation of heavy & large tiles, mosaics, porcelain, ceramic, natural stones, and other tiles. Similarly, in April 2019, it launched Grip N Grab adhesive for installation of heavy materials such as natural stone, concrete, wood, ceramic tiles, and others. The product features advance hybrid technology, which enables strong and permanent adhesion of materials on vertical surfaces.

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Furthermore, the growth of residential sector, owing to increase in population and urbanization around the globe is projected to fuel the demand for tile grout and adhesives market in the coming years. Currently, based on application, in 2018, the residential segment have garnered significant market share, owing to the expansion of infrastructure sector in developing regions. In addition, the commercial segment is expected to exhibit significant growth during the forecast period. Proliferation of new commercial and residential properties in developing countries is expected to propel the demand for tile grout and adhesives, which, in turn, is anticipated to fuel the growth of the global grout and adhesives market.

Moreover, growth in the retail infrastructure across developing nations would boost the sales of grout and adhesives especially through hypermarkets and other channels. In terms of region, Asia-Pacific and LAMEA collectively contributed around 81.2% of shares in the global market in 2018.

Get detailed COVID-19 impact analysis on the Tile Grout and Adhesives Market @ https://www.alliedmarketresearch.com/request-for-customization/6214?reqfor=covid

The key players profiled in the tile grout and adhesives market report include Ardex GmbH, Arkema Group, BASF, Dow, Henkel, Laticrete International Inc., Pidilite Industries Limited, Saint-Gobain Group, Schomburg GmbH & Co. KG, and Sika AG. And some enterprises, such as Laticrete and Saint-Gobain., Ltd., are well-known for their grout and adhesives. For instance, in June 2019, Weber, a brand of Saint-Gobain launched, Multi Fix tile adhesive for fixing of hard body ceramic tiles. The hard body ceramic tiles are denser and stronger than the regular ceramic tiles and thus, the Multi Fix adhesive is especially designed with advance formulation, which has slower absorption rates. Similarly, in September 2018, it developed, weberjoint premium tile grout. The new grout is extra-flexible and scratch resistant that can be used for ceramic, quarry, natural stone & mosaic, and interior & exterior tiles.

Key Findings of the Tile Grout and Adhesives Market:
• The report provides an extensive analysis of the current and emerging tile grout and adhesives market trends and dynamics.
• Depending on type, the adhesive segment dominated the market, in terms of revenue in 2018 and grout segment is projected to grow at a CAGR 7.4% during the forecast period.
• By application, the residential segment led the tile grout and adhesives market in 2018.
• LAMEA is projected to register the highest growth rate in the coming years.
• In-depth tile grout and adhesives market analysis is conducted by constructing estimations for the key segments between 2018 and 2026.
• The key market players within the tile grout and adhesives market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the tile grout and adhesives industry.
• The report provides an extensive analysis of the market trends and emerging opportunities of the market.
• The global tile grout and adhesives market forecast analysis from 2018 to 2026 is included in the report.

Contact us:
David Correa
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#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
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Source: EIN Presswire

Buying a Home in Vancouver, BC – New Home, Resale home, or Pre-sale

Buying a new house in Vancouver

Buying a new house in Vancouver

buy a new or resale home

buy a new or resale home

Ran Chen Vancouver Real Estate Service

Ran Chen

Whether to buy a new or resale home will largely depend on what is available in the area where you want to live, your design preferences and what you can…

VANCOUVER, BC, CANADA, November 26, 2020 /EINPresswire.com/ — Whether to buy a new or resale home will largely depend on what is available in the area where you want to live, your design preferences and what you can afford. There are advantages and disadvantages to both options that you will need to consider. CONSUMER PROTECTION CONSIDERATIONS British Columbia’s unique system of consumer protection for buyers of new homes means that there are a number of additional factors to consider when thinking about purchasing a new or resale home (strata or non-strata):

• New home: If you are buying a brand-new home built by a Licensed ResidentialBuilder, it will be covered by home warranty insurance.

• Resale home: If the home was built with a building permit applied for before July 1999, it will not have home warranty insurance. However, if the home was built with a building permit applied for after this time, it should have been covered by home warranty insurance, until 10 years after the first occupancy.

CUSTOM VS. SPEC HOME

Do you want a ready-to-move-into home or do you want to design every detail? At one end, a custom home is designed from scratch for your site and to your specifications. At the other end, a spec home is built on speculation by the builder or developer without a specific buyer. Other options in between offer various degrees of customization.

In all cases, new custom and spec homes must be constructed by Licensed Residential Builders in British Columbia and must be covered by home warranty insurance. No matter which type of new home you are buying – a brand new custom-built home or a spec home – be sure that you have a written contract that lists exactly what work will be done and when, what you are buying, what you will be charged and when you will pay. Consider legal advice to review the contract.

If you plan to have a custom-built home built on land you own, talk with your homeowner insurance representative (the provider of insurance on your property, as opposed to home warranty insurance) before any work begins, to make sure that your policy covers the risks related to your project.

It also outlines the developer’s background such as the company’s experience in the development industry, whether it has been bankrupt within the past five years or been disciplined in the past 10 years for matters relating to real estate, mortgages of land, securities, theft or fraud, and any conflict of interest that could reasonably be expected to affect a buyer’s purchase decision.

Pre-sale purchasers will be asked to enter into a pre-sale contract with the builder or developer and to make a deposit. The deposit may be held in trust or protected by a policy of deposit protection insurance. Typically the contract will stipulate when the unit will be constructed and completed and the fixed price for the home as well as any changes or substitutions that the developer may make under the contract.

Once the contract is signed by both parties, it is legally binding. For your protection, seek the advice of a lawyer experienced in pre-sales agreements before you sign the contract. The contract provides you with the right to purchase the unit in accordance with the terms and conditions of the contract; however, there may be exemptions and reservations that could significantly change what you thought you were buying.

You have a seven-day “cooling off” period from the time you receive a copy of the signed contract or the time you acknowledge receiving the Disclosure Statement (whichever comes first) in which to finalize the sale or withdraw your offer.

Contracts for residential units purchased on a pre-sale basis are sometimes sold or “assigned” to another purchaser even before construction has been completed. This contract assignment is a legal sales transaction where the second purchaser takes on the rights and obligations for the new home contract from the original purchaser. The original pre-sale contract with the builder or developer will stipulate if assignments are permitted if a fee must be paid for the assignment and any other terms or conditions. In all cases, the builder or developer is the legal owner of the home purchased on a pre-sale or property assignment basis until a legal transfer of title has occurred.

KeyPoints:

• Housing types include detached houses, duplexes, apartments, row houses and townhouses. Your needs, preferences, household size and finances will determine the housing type that is most suitable for you.
• The main types of homeownership include freehold (strata and non-strata), leasehold and cooperative. Each has advantages and disadvantages, as well as legal implications.
• In strata ownership, you own a specific housing unit within a larger strata property, and you share ownership of and responsibility for the common property.
• Whether you are buying a custom-built home or a spec home, be sure you get a written contract that lists exactly what work will be done and when, what you are buying, what you will be charged and when you will pay.
• If you purchase a condo/townhouse before construction is completed, you will be asked to sign a pre-sale contract and make a deposit. Before doing so, be sure to read and understand the Disclosure Statement, which outlines the property’s features and your financial obligations. For your protection, seek the advice of a lawyer experienced in pre-sales agreements before you sign the contract.

Still having a question on Buying a new house in Vancouver, talk to 温哥华房地产网 (one of our realtors will happy to assist you).

Ran Chen
BuyProperties BC
+1 778-858-2876
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Source: EIN Presswire

Gabbro aggregates is the most serious obstacle in the timely completion of infra projects, says Mr. Jahangir Alam

Board of Director JHM Group – Mr. Jhangir Alam

In an effort off-set the supply shortage of aggregates in Bangladesh infra projects, JHM Aggregates has expanded sourcing from some of the best Crushers in UAE

Materials suppliers facing pressure to meet the construction demands”

— Mr. Jahangir Alam, Director JHM Group

DUBAI, UNITED ARAB EMIRATES, November 26, 2020 /EINPresswire.com/ — Materials suppliers facing pressure to meet the construction demands, Mr. Jahangir Alam, Director JHM Group says the outlook for the aggregates suppliers is alarming. Concrete is the basis of the infra projects and any shortages will have a disastrous effect on the rollout of these mega developments.

In an effort off-set the supply shortage of aggregates in Bangladesh infra projects, JHM Aggregates has expanded sourcing from some of the best Crushers in UAE.

JHM Group has been one of the leading companies operating in bulk supplying of Light & Heavy Gabbro Aggregates in south Asia & UAE. Delivering the highest quality of heavy gabbro, meeting the International standards as per ASTM C33 & Los Angles Abrasion Test.

“With regards to our aggregate sourcing, we are sourcing highest quality of heavy gabbro, meeting the International standards as per ASTM C33 & Los Angles Abrasion Test, says Mr. Jahangir Alam Director JHM Group International in Dubai.

Further he added, since its inception JHM has worked remarkably in export of Gabbro Aggregates. The dedicated Chartering team of JHM, charters Vessel from some of the reputed owners globally. We at JHM have some the best parameters in our Chartering Party.
1. We never use vessel more that 15 years ages.
2. In terms of Discharging, we always take discharge rate of 6000 MT Per day, however we have always achieved much above this.

“Once our products are certified by International Standards, we hope to overcome the market acceptability issue.

“The latter stopped accepting any new vessels at gabbro berths from the beginning of August, totally defying the fact that aggregate importers have long term contracts with aggregate sources in the UAE, shippers and contractors in Qatar.

While the availability of cement and bitumen doesn't seem to be a problem, JHM Group foresees that the aggregates situation is getting better if we keep on adopting the standards in sourcing and increase the supplying capacity.

JHM Aggregates are sourced from some of the best Crushers of UAE. Dedicated quality control team by JHM Group is always present at the time of loading of each and every cargo to ensure the quality & supply issues are solved.

For more information about how JHM Group is contributing to aggregate supplies, visit https://jhmgroup.in

Mo Ali
JHM Group
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Source: EIN Presswire

Ontario REALTORS® Now Have Access to Canada's Smartest Lead Gen Platform

Leads On Demand

Real Estate Agents across Ontario can now pre-register to buy leads at LeadsOD.com/apply

We want to make the process of obtaining leads as simple as possible so that agents can have a consistent and predictable income that's measurable. It's giving them peace of mind.”

— Sterling Wong

MISSISSAUGA, ON, CANADA, November 26, 2020 /EINPresswire.com/ — Search Corp., a Canadian real estate holdings company headquartered in Mississauga, announces the launch of its highly sought-after Leads On Demand™ platform to real estate agents across Ontario.

Leads on Demand™ has been supplying innovative lead gen and marketing tools exclusively to Search Realty agents since 2012. Today marks the official release of Leads On Demand™ to agents outside of its sister company, Search Realty.

Agents with a positive online reputation and 3 years of experience or 10+ closed deals in the past 12 months, can now pre-register to buy as many quality real estate leads as they need.

Leads on Demand™ is unlike anything else in the industry today. This turnkey, Google-backed platform generates exclusive leads deep in the sales cycle to connect agents with high-quality leads in real-time. Ontario agents can now order as many leads as they need, in any city, on-demand, to obtain a more predictable and scalable income.

Leads on Demand™ has partnered with the #1 CRM on the market, CINC Pro, to deliver the highest level of lead conversion possible. Together, they create the most intuitive lead management and tracking tool for agents today.

"This is an important step to broaden our service offerings to brokerages across Ontario," said Sterling Wong, CEO and Founder. "And soon we'll be expanding our lead generation software into other Canadian and US markets to help agents seamlessly achieve their financial goals, better serve the needs of their clients and create new opportunities that were not possible before."

"We want to make the process of obtaining leads as simple as possible so that agents can have a consistent and predictable income that's measurable. It's giving them the peace of mind knowing their pipeline will be full one month to the next," added Sterling.

To pre-register or to learn more visit LeadsOD.com/apply

About Leads on Demand™

Leads on Demand™ is an innovative, automated lead gen platform that connects real estate agents with high-quality leads in real-time. Backed by Google, this platform generates consistent leads from deep in the sales cycle to provide more measurable, predictable and scalable income for real estate agents.

Visit us at: https://www.leadsod.com/

SOURCE Leads On Demand Inc.

Elisa Reale
Leads on Demand
+1 833.563.5323
Elisa@LeadsOD.com
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Realtors Get Real Leads, Real Fast With Leads On Demand


Source: EIN Presswire