Pebble Hills University Online Degree

In order to deal with the competitive market, working adults are keen to study. You must try to inculcate the skills of selection and maintenance of aim in life. While devoting your energies in pursuit of academic excellence, considerable efforts should be made to spiritual development. Since, in the times of stress, this would provide you the much needed inner strength to carry on with your mission.

Prof. Muhammed Ayinla Omolaja, the President of International College of Management and Technology (Nigeria) and regional director of PHU, Nigeria, claimed that it is the universality of the institution in its approaches that is fetching it so much popularity in recent time among education lovers over and above regional Universities the world over.

Learn to hold on to what you believe is right and just. Be gracious enough to accept your mistakes and resolve to improve. Humility never demeans a person rather it elevates him. Take each difficult head on and see it as an opportunity to learn and excel.

The best study mode for working adults would be distance learning, which is practical for them to balance their work, family and study.

The overriding philosophy of an outstanding distance learning University is to prepare managers, administrators, scientists, engineers, technologists and agriculturists for critical tasks of the moment and for the future. This objective will be met by providing a foundation on which students can build and grow after they graduate; a foundation sufficiently general to be relevant to a broad range of management, social and technology contexts.

Dr. Patrick A. Welsh, the Principal of Caribbean Institute of Business expressed that Pebble Hills University has opened up another door, creating another chance for success for those students in Jamaica who would be left behind by not having a BSc. or an MBA. (Pebble Hills University is a global online university)

Global business is expanding, that’s why you need a global institution with a radical outlook towards education. Due to an education system based on real world values, the knowledge gained can be incorporated easily & more practically in the relevant field.

Why Should You Choose Tote Bags For Effective Brand Promotion?

When it comes to the selection of the promotional items for launching a marketing campaign, you will be left with countless number of options. One among the options will be the custom promotional tote bags. Let me tell you in the beginning of the article itself that, the promotional tote bags are one of the cost effective options to promote your brand no matter what the global market condition is. The tote bags have many success stories to tell including its effectiveness in brand promotion during this period of Global recession. I am sure that you will not be convinced that the promotional tote bags can bring uplift in your sales, unless I explain you how.

Non Woven Grocery Tote Bags – One Among The Utility Items

The utility promotional items in common have an upper hand in creating brand awareness. You will be aware that no one out there can head out for shopping without the tote bags. Hence, these tote bags are one of the most wanted utility items in this modern world. These tote bags are indispensable tools not only for people who head out for shopping, but also for the people on the move. People in this busy world can pack things with ease with the help of these tote bags. As these promotional tote bags are being very much useful to the public, you have to choose them for brand promotion.

One Of The Fashion Trend

The tote bags are widely used by the professional women and so it is fast becoming a great fashion trend. Gifting the items that has an importance in modern fashion will please the people out there. Remember that there are only a few promotional items like the tote bags with fashion trend value. Businesses have to make use of this opportunity before the trend of using the tote bags become outdated.

High Durability

The main problem with most of the cheap promotional products is that they will be good only for limited use. However, things are very different in the case of the tote bags. The materials used in the tote bags ensure long life and so with an one tine investment you can get a long period of brand promotion. Durability is obviously one of the reasons to choose the tote bags for brand promotion.

Large Area To Print The Promotional Message

Limited availability of advertising space is another hurdle to be crossed while buying the promotional items. In the case of the promotional tote bags, you will be presented with a huge space for printing your brand logo and promotional message. Large printing area is another reason which makes the tote bags the best for brand promotion.

Promotion trends change often and so hurry and take advantage of the cheapest and most effective method of brand promotion through tote bags.

Affordability Solutions for First Time Homebuyers

FHA and First Time Homebuyers are real buzzwords as far as home buying is concerned, especially when those terms are used in combination. Many readers have heard the FHA loans are great for first time homebuyers street talk, but without detailed, supporting information as to why.

The intent of this article is to quantify the features of this loan, both good and bad, and discuss the circumstances under which its a beneficial program to the homebuyer (either first, second, or third time homebuyer).

First, FHA stands for Federal Housing Authority, and though the phrase FHA loan implies otherwise, the Federal Housing Authority does not lend money. Rather, they insure the loan. The money still comes from the lender selected by the borrower, but the FHA now provides an insurance policy to protect the lender in the event of borrower default. With this insurance, the lender has less risk, and so guidelines are less restrictive than with conventional financing.

The reader should be aware that FHA is completely different from Fannie Mae and Freddie Mac (otherwise known as GSEs, or Government Sponsored Entities). There has been a lot of buzz recently about Fannie and Freddie, but these entities, and the associated loans, are completely different than the Federal Housing Authority.

Recent events in the credit markets have made the FHA loan a true affordability solution for buyers. In fact, it is this authors opinion that without the availability of this loan, there would be very few people buying houses these days.

In mid-December of last year, a report began circulating amongst all the direct lenders citing counties of declining market value throughout the country. This report placed counties in one of 3 categories: 1) par (little or no depreciation in home values), 2) soft (significant depreciation), or 3) distressed (extreme depreciation). Since that time, the report, and the consequence to lending guidelines, has been revised and updated.

Where things currently stand is that lenders mandate a 5% LTV reduction for soft market, and a 10% LTV reduction for distressed markets. LTV stands for loan-to-value, and refers to the maximum amount of financing (as a ratio to the sales price) the lender will allow. So, for example, if a loan program in a par market allowed 90% financing, that same loan program in a distressed market would only allow 80% financing.

Since most counties in major metropolitan areas are on this list, hefty down payment requirements are placed on borrowers purchasing homes in these areas. On average, this means 10% down payment requirements in par markets, 15% down payment requirements in soft markets, and 20% down payment requirements in distressed markets.

But this is where FHA loans provide a saving grace, as these loan programs are not subject to this LTV reduction. Rather, it is only the non-government loan programs (ie Fannie Mae and Freddie Mac) subject to this constraint. Further, FHA loans allow up to 97.75% LTV (so 2.25% down payment). On a $450,000 home in a soft market, this means the borrower only has to put down $10,125 instead of $67,500 on a non-government loan.

The other major benefit of the FHA program is the reduced credit requirements. Whereas non-government loans require credit scores of 700 , the FHA loan accepts credit scores as low as 640.

Is there a catch to all this? Somewhat. The FHA loan carries a mandatory Mortgage Insurance Premium of 1.5% of the loan amount that must be paid at settlement; on a $400,000 loan, 1.5% would be $6,000. This will change to 1.25-2.25%, depending on the borrowers financial strength, when the new FHA guidelines are released July 14, 2008.

However, even with the 1.5% Mortgage Insurance Premium, the total down payment required from the buyer (2.25% 1.5%= 3.75%) is less than with a non-government program (10% in a best case scenario). True, the additional 1.5% fee is not going towards equity, like a down payment, but the total out-pocket expense is still less.

Another catch to the FHA loan is that, assuming the borrower does the 97.75% financing (or at least anything above 78%), the borrower will have to pay Monthly Mortgage Insurance (MMI). MMI is similar to PMI (Private Mortgage Insurance on non-government loans). However, the MMI payment of 0.50% of the loan amount is slightly less than a PMI payment would be for the same loan amount.

But is MMI or PMI really a bad thing? Before January 2007 it was, since it was not tax deductible. But as of January 1, 2007, following the Tax Relief and Health Care Act of 2006 which President Bush signed into law, mortgage insurance premiums are now tax deductible. Before this time, buyers wanting financing in excess of 80% got a second mortgage to avoid MMI or PMI (and 2nd mortgages, when used for a purchase, are tax deductible). But with the new tax law, the mortgage insurance premium carries the same tax benefit as a second mortgage. Thus MMI can be thought of as a second mortgage.

And lastly, another catch to the FHA loans is they do take slightly longer to process. The reason is that there is more paperwork, steps, and procedures for the lender to go through then with non-government programs. In total, this means about 10 extra calendar days to the process, so 35-40 days instead of the usual 25-30. What I tell homebuyers making an offer on a home and planning to use FHA financing is to simply request a 40-45 day escrow instead of the usual 30. In this market, with sellers eager to sell, this is never a problem.

And those are the catches to the FHA loan, but minor if not insignificant in this authors opinion. Truly, the only real thorn in the FHA rose is the 1.5% Mortgage Insurance Premium. And for borrowers that have the assets to afford a 15% down payment, I tell them to use conventional financing, so they can avoid this Mortgage Insurance Premium (and also qualify for a better rate with the larger down payment).

Speaking of rate, the reader may be envisioning a monster rate for this government loan program. But the rates are in fact quite modest. As of mid-may, wholesale rates on an FHA loan with 97.75% financing (2.25% down) were about 6.00%, compared with 5.625% on a conventional loan with 80% financing.

Thus, with the 15-20% down payment requirements of conventional loans for houses in areas of declining market value, FHA loans are a great resource for home buyers unable to afford these large down payments. And since the FHA loan limit has been raised as high as $729,750 in some areas, the applicability is even broader. Yes, there are a few catches to this loan program, but overall the pros outweigh the cons for the borrower with limited assets.

Professional Indemnity (PI) Insurance Market

Where are we now – and the future?

The Professional Indemnity (PI) market is currently in its soft phase, with insurers still placing emphasis on volume at the expense of profit.

And what of the future? It is certain that at some stage the market will enter harder conditions. There is uncertainty as to when the market might harden and by how much. Invariably the deeper and more prolonged the soft market the more pronounced the adjustment will be when it comes.

Events in insurance, as in life, are powerful and unpredictable. What future events might conspire, individually or collectively, to prompt a return to harder market conditions? The following is a list, by no means exhaustive, of the likely culprits:-

1) The Credit Crunch – will have three adverse effects on the insurance market. First, there is likely to be an increase in the cost of capital as its availability becomes scarce. Second, a reduction in the asset base of major insurers as sub-prime losses erode balance sheets – further reducing the capital available required to underwrite risks. Third, an increase in credit crunch liability claims as those who have suffered losses (home owners, shareholders etc) seek to recover from professional advisers, company directors etc.

2) Investment Income – a combination of increased stock market volatility and reducing interest rates could see insurer’s ability to generate investment income curtailed.

3) Environmental Factors – after two relatively benign years of (insured) natural catastrophes, could 2008 see a return to more usual levels of claim – particularly in relation to the hurricane season?

4) Economic Factors – a downturn in the economy hits the insurance industry in two ways – invariably an increase in the cost of claims allied to a reduced pool of economic activity from which to collect premiums.

And finally – unforeseen events aside, our current prediction is that whilst the market is unlikely to harden during 2008, prices could well start to rise towards the start of 2009.

As ever, forewarned is, or should be, forearmed…

Griffiths & Armour Professional Risks acts as manager for the professional indemnity division of Griffiths & Armour.

Griffiths & Armour Professional Risks Ltd is an appointed representative of Griffiths & Armour which is authorised and regulated by the Financial Services Authority.

All rights reserved. This document does not present a complete or comprehensive statement of fact or the law, nor does it constitute legal advice. It is intended only to highlight issues that might be of interest to Griffiths & Armour clients; specialist legal advice may be required where appropriate. Where links to third party websites are provided, we accept no responsibility for their content.