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Applying for a Home Loan? Here are 5 factors you must know

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Are you applying for a home loan? You should certainly keep more than a few factors in mind. Home loans come in handy whenever we have to purchase our dream houses which most of us, particularly the professional salaried classes, cannot afford otherwise. According to RBI loan guidelines a home loan is thus one of the biggest investments of our lives and has to be planned carefully in order to maximize one’s benefits from the same. Bear in mind that a home loan is a long-term investment and should be handled responsibly. You should only apply for a home loan in case you are sure that you will be able to responsibly manage and repay debt that you have on hand. You should also plan for emergency situations well in advance.

Too many people make the mistake of not having enough surplus funds saved up to cover rainy day expenses or cater to needs like sudden medical treatment and other exigencies without having to compromise on home loan repayments every month. Make sure that you have a corpus saved up as an emergency fund and this should encompass 3-6 months of your net monthly salary which naturally includes the amount that you are repaying as the home loan. Do not default on your home loan by all means. Defaulting means automatically ending up with a lower credit or CIBIL score. Any default leads to your score coming down drastically and this will hamper your overall credit rating and drive a wedge in your relationship with your lender. Make sure to repay your home loan timely and also try and prepay some part of the loan whenever you can. If you wish, you can always use your surplus funds or bonuses to repay some part of the home loan principal amount. Not only will this help you slash the overall interest costs payable on the loan, the EMI will come down. Now, if you keep the EMI unchanged even after prepayment, the loan will be reduced even further. This is a good strategy to take if you are considering applying for a home loan.

On that note, here are 5 factors related to home loans that you should definitely be aware of-

  1. Principal Amount Tax Deductions- There is an income tax deduction under 80C where you can get up to Rs. 1, 50, 000 as the deduction on the principal amount that you have repaid annually. However, bear in mind that this section covers several other investments such as insurance so you will have to plan and apply for deductions accordingly. This is also the section under which you get deductions on registration charges and stamp duty paid for your property.
  2. Interest Amount Tax Deductions- You can get up to Rs. 2 lakh as a tax deduction on the interest paid annually on your home loan under Section 24. This is another way to reap high benefits in terms of tax savings.
  3. Tax Deductions for First-Time Homebuyers- If you are a first-time home buyer, you will be eligible for a deduction up to Rs. 50, 000 under Section 80EE provided you meet certain conditions. 
  4. Joint Loan Applications- If you apply jointly for a home loan with your spouse or eligible family member, not only does your home loan eligibility increase, both co-borrowers can get the same home loan tax benefits in case they are both co-owners of the property. This maximizes tax benefits for a family.
  5. Down Payment- You will be required to pay anywhere between 15-20% of the property price upfront as the down payment. This has to be arranged prior to applying for the home loan. Try and pay as high as you can in order to keep the home loan EMI low.

Business

Stage Rental To Add Style To Your Event

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Whether it’s a small event or a gathering of many individuals, it is necessary to have a staging area. It differentiates other parts of a venue from a region where people need to focus when someone is making an important announcement and performing to entertain the crowd. The stage works like a focal point that grabs the attention of performers and organizers.

When hosting a fashion show, a ceremony, a business party, or an entertainment event, it is necessary to have an area to set up the stage. From a place to stand up during a speech or performance to speaker platforms, there are many things that can be organized on a stage.

Instead of arranging things to set up a stage, an organizer can hire stage rental services and focus on other necessary things related to an event. For example, an individual in LA can hire cost-effective services for stage rental in Los Angeles. The service provider provides all the necessary equipment to set the stage, while an organizer can work to handle other parts of the event.

Things To Consider When Getting Stage Rental Services

The services of stage rental are extremely famous these days among event organizers and people who frequently plan events. However, choosing the best service provider isn’t as easy as it seems. There are multiple things that an individual needs to consider when choosing a stage rental service provider, and below are some of them:

Equipment

All service providers aren’t the same. From equipment to services and the price, there are many things that differentiate them from each other. When hiring the rental services of a company, the first thing to check is equipment. Check whether or not the flooring options of a service provider have sufficient space to keep different types of devices.

Types Of Stages

There are different types of stages that come in different sizes. For example, modeling stages are different from dance platforms. They could be different from each other in terms of shape and size. When getting the services of stage rental in Los Angeles, it is essential to consider the event type to understand which kind of stage is required to hold equipment and provide performers with the space to perform without hesitation.

Dimensions Of The Stage

In addition to the shape of a stage, it also essential to understand its dimensions before hiring it for an event. This will help to figure out the distance between the stage and the ground. Apart from that, it will let the organizer know whether or not the stage area is sufficient to perform operations on it. In this way, one can hire the best stage rental services for an event.

Materials 

Collect information on the material a service provider has used to make the stage. It should be the material that creates a powerful and reliable stage for performers. Apart from that, a nicely-built stage will help to carry out activities on all types of grounds. Also, there should be strong materials to hold other equipment on the stage.

Labor

When you are hiring stage rental in Los Angeles, try to find out if the company will set up the stage or you need to hire people for the job. There are companies that set the stage for an organizer and also provide them without various other kinds of services that make an event successful.

In The End 

Instead of hiring an unreliable and unknown service provider, get the services of a reputed stage rental company. This increases the chances of organizing an event that guests remember for a long time.

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How Do Courts Determine Who Gets The Child’s Custody After Divorce?

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Under the law, children should enjoy equal rights of a meaningful relationship, from both parents. Children also need to be secured from any harm. The court needs to provide greater weight for considering the need and protection of the children. Acts and laws are gender-neutral and don’t make assumptions about roles in parenting. According to the best interests of the children, the court makes a decision. Until the year 2006, the custody of the child in most of the cases was in favor of the mother.

  1. The responsibility of the parents

When parents of any child separate before he or she turns 18, both the parents should share equal responsibility of the child. This can be called an equal share of the parenting responsibility. Both the parents should share responsibilities to make decisions, regarding major long-term problems.

It should include issues like the school the child will attend after the separation, decisions about severe health issues, also religious observance. These things will apply until and unless the court orders to remove the parental responsibilities from both the parents. The parental duties also apply, irrespective of the fact that the parents of the child were never married, in a relationship, or de facto.

  1. The parenting time

There isn’t any hard and fast rule, when it comes searching ways, using which the children will spend time or live with, after the parents gets separated. Arranging for the custody or the contact is a must for the parents. No rules specify that the child can live with the parents on the 50:50 basis.

In majority of the cases, it will be best if both the parents discuss the child’s particular needs, and reaching an agreement about the living place of the child, and how the parents will live with child.

There are various methods, using which the separated families can ensure that the child continues with the ongoing relationship with both the parents. If any of the former partners agrees on any future arrangements for the sake of the children, the involvement of the court can be avoided.

For the best interest of the children

If it’s about deciding for the children, the focus of the parents matter the most. The focus should be on for the child’s best interests. Many of the divorced or separated parents agree successfully on the decided arrangements for the children’s care, after the joint discussions.

If the parents are unable to agree on any arrangements for the children, expert services in the field of family mediation can help the parents to come to any agreeable compromise or decision, with the help of a child support lawyer in Perth.

The judge in the family court will make the decision if both the parents cannot agree on any decision. The judge will take the decision according to the child’s best interest, and according to act of the family law.

  1. Financial responsibility of the child

Both the parents will have to take the responsibility of supporting the child after divorcing or separating, irrespective of the fact that with whom the child is living with. The parents can manage about the financial factor themselves, or can also apply for any child support-assessment. The human service departments can administer the child support program, and assist the parents for providing with support for the children.

  1. The well-being of the child

It is a hard time for the children when the parents separate. It will be the best decision to concentrate on the things the child needs during those days. The parents should also focus on the child future.

One should never ever criticize the child’s other parent, or pressurize the child for making decisions about their care. Your child loves you, and to put him in a tough situation can be really harmful for him. It will be a tough time if they are told to select between any of their parents.

  1. If there isn’t any arrangement

If any of the party cannot agree on any parenting arrangement, then the primary step will be participating in a family dispute resolution, for resolving the issues. The child support lawyer will ask you to make genuine efforts on agreements prior to applying. Even if one is unable for resolve the issues, the process of dispute resolution is crafted for helping with better understanding the views of the other partner.

Before applying for the parenting order in a family court, the party needs to undergo the family dispute resolution. The family dispute resolution will provide a certificate, which the party will have to carry. The certificates are seen as a proof that the party has undergone a family dispute resolution session. The parenting application gets more weight.

Counseling services and dispute resolution

For finding the bests legal services, dispute resolutions and counseling services, you can always visit the Child custody lawyers Perth or can also call on their contact number. The divorce lawyers Perth services may assist in coming to an arrangement out-side the family court. Their effective legal suggestions may help for participating in family dispute resolution, prior to applying for a parenting order in a family court.

Their family relationship lines will provide the information, also the advice for parenting arrangements, after the separation. Child custody lawyers Perth may also refer the clients to a few local services, for example, the family relationship centers in the suburb. The divorce lawyers Perth are a source of information, also assistance for the confidentiality factor.

The best divorce lawyers in Perth also enable the families for coming to the workable parenting arrangements, out of the court. The best divorce lawyers in Perth also offer other services, which can aid in strengthening relationships and to deal with any difficulty in a relationship.

Some additional information

Get information about parenting plans and consent orders from divorce lawyers in Perth WA, if you agree on parenting arrangements for the child. If any of the party disagrees on the parenting arrangements, then one can also get in touch with the family dispute resolution agencies.

Both the parties should sit together, and clarify on the areas of disagreement. One can only apply for the parenting order or custody, only after getting a green signal from the dispute resolution centers. Your child can have an emotional impact of the legal proceedings.

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Education

Top 4 Career Opportunities in Physical Education

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A bachelor’s degree in physical education prepares graduates for a very promising career path. As more people and institutions strive to adopt a healthy lifestyle, the work of physical education expert becomes even more valuable. With only four years of study, you will be equipped with the necessary skills and knowledge you need to not only stand out in the job market but also be an expert in what you do. 

There are a lot of jobs you can partake with a degree in Physical education. We discuss four of the most promising below. 

Physical Education Teacher

This is the most immediate career option graduates with a degree in physical education have at their disposal. In fact, most of our graduates start here before going ahead to explore other options. 

As a physical education teacher, you will most likely be working in elementary schools or high schools. Your primary task will be to help students lead a healthy lifestyle by drafting and implementing effective physical education curriculum. You will lead students in playing games that boost their overall physical wellbeing and even help with designing healthy dietary plans. Working in such an environment with young and energetic students is very contenting making the work of a physical education teacher an entirely enjoyable experience. 

Coaching

If you don’t fancy the more commonplace physical education teaching profession, perhaps being a coach would be the best fit for you. With a physical education degree, you can specialize in coaching sports teams and physically prepare them for tournaments. As a coach, your work environment includes middle schools, high schools through colleges. 

Although being a physical education teacher is fulfilling, if you want more action, you should try coaching. This profession comes with a very attractive salary and it is one that many graduates with a physical education degree start with. The U.S job market in particular, is opening its arms wider for physical education coaches as more schools and colleges embrace sports and healthy living.

Personal Sports Trainer

Working with students is an amazing adventure. They are eager to learn and give you the satisfaction of successfully doing something you love. However, sometimes you might want to go low-key. Physical education is not all about working with groups of people. You can still be a personal sports trainer and curve a great career path. 

As a personal sports trainer, you will be working with individual people as opposed to groups. In other words, this means that you will be self-employed and enjoy the feeling of being your own boss. In this case you will be coaching an athlete at a time focusing on a particular sport you are an expert in. For example if you were playing baseball in College, you can be a personal sports trainer for that particular sport. 

Personal Fitness Trainer

Before you get confused, let’s make it clear that a sports trainer is not the same as a fitness trainer. What is the difference? Sports trainers train people to be better at whatever sports they play while fitness trains people to be more physically fit. Sports trainers work in fields while fitness trainers mostly work in gyms. 

If you are physical fitness diehard with a degree in physical education, you can choose to be a personal fitness trainer and live your dream career. You will get the opportunity to work with renowned people such as movie stars and wrestling champions while pocketing a good salary. 

Hopefully, this guide has helped you realize that taking a degree in physical education is not in vain. If you have the passion, go for it. 

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