What are FHA Loans?

FHA loans are loans that are insured by the Federal Housing Administration. A borrower who takes out an FHA loan will pay for mortgage insurance, and if they default on the loan, then the lender is protected from financial loss because the FHA covers the default.

This means that it is possible for a mortgage lender to use less rigorous standards, and that they can enjoy lower down-payment requirements. FHA loans are, as a result, quite popular with borrowers who would not otherwise be able to get on the property ladder.

An FHA loan can be offered at an attractive interest rate, and the checks that are performed on the borrower are not as intensive. However, they are still mortgages, and this means that borrowers must pay them back on time otherwise, they will end up at risk of losing their homes.

The minimum credit score that is required to get a mortgage under the FHA loan system will depend on the down-payment that they can make. To make a slight down-payment (for example 3.5 percent), you would need a credit score of 580 or more. Those who have lower credit scores (500+) will need to make a down-payment of at least ten percent.  If your credit score is below 500, then it is unlikely that you would be able to get an FHA loan at all, although there are some options for people who do not have a traditional credit history, assuming that they do now have the income required to support the payments. It’s a good idea to talk to the FHA lender or meet with an FHA loan specialist to find out refinancing option. You may be able to get on the property ladder after all, but you will need to prove your income.

What Impact Will The Election Have On Restaurant Dining?

While every voter cares about the results of an election, business owners are often the ones with the most at stake. Presidential elections often have an impact on the economy, which means that businesses can succeed or fail because of what happens in the election.

If you own a restaurant, you may be wondering what kind of impact the election will have on restaurant dining. It doesn’t have stock and options trading as the stock market.

Is your restaurant likely to lose business in the future?

At this early stage, the financial results of the election are hard to predict. With that said, there are a few things you should keep an eye out for.

Big-City Restaurants

Donald Trump has pledged to cut funding to many major U.S. cities during his first 100 days in office, including Los Angeles, Minneapolis, and Seattle. These cities are home to a large number of restaurants.

A lot of restaurant owners may be very worried about this. After all, if the city loses funding, it could devastate their restaurant. Fewer general people as well as people from financial institutions like Zerohedge and Stony Brook Securities who will be going out to dinner.

It is important to remember that election promises like this are very difficult, if not impossible to keep. Few lawmakers will agree to these types of plans. Lawmakers are elected to protect the interests of their constituents, and cutting off funding to major cities benefits no one.

Disposable Income

One of the biggest indicators of whether or not someone will choose to eat out is the amount of disposable income that they have. For most people, dining out is a luxury, which means that people only do it when they have a larger disposable income.

Economists have yet to say whether or not they think disposable income will increase under a Trump presidency.

A lot of people want to know how the election will impact their lives now. It is important to remember that you will not see the results right away. It may be years before the results of the election start impacting you.

The Unrelenting Popularity Of Pop-Up And Underground Restaurants

pasta-1181189_640The latest trend in restaurant dining is the pop-up or the underground restaurant. A pop-up restaurant is usually found in an unusual setting and may feature a unique meal or theme. An underground restaurant is typically found in a home or private setting which allows the restaurant to get around local zoning and sometimes taxes. What these new restaurant experiences offer to customers is a chance to experience something new and different. Many are found in urban areas where there is an abundance of empty warehouses, tram stations and other types of innovative venues available.

Pop-up and underground restaurants are a relatively new concept, skyrocketing in 2014, according to the loan department at Franklin First Financial. While there was a slight decline in popularity after the peak, pop-ups and underground dining are now back. These restaurants and dining experiences are found all over the world. You can enjoy fondue on a tram in Switzerland or a meal made from table scraps in New York City.

Most of the time, the prices are less at these types of restaurants and dining events, although some underground restaurants offer an opportunity for customers to meet face-to-face with guest chefs or local talent and the customers are willing to pay for that experience.

One very popular underground restaurant started in South Africa as a means of bringing together international guest chefs, South African chefs, young, rising stars in the world of the culinary arts. These chefs will then prepare a secret meal at undisclosed locations. It is members only and guests request an invitation through a website. Dinners have been held in locations such as industrial warehouses, ancient castles, and underground wine cellars.

Pop-up and underground restaurants meet the need of dining enthusiasts to experience something new and different. They provide a unique experience while holding onto the tradition of good food and fine dining.

Taste Street Food Around The World

corn-457153_640Everyone loves to eat, and it is true that food makes the world go round. There are so many varieties of spices and flavors that you can never grow tired of trying things. In fact the term “Foodies” came from people who live to eat food.

Every country has its best seller, and restaurants will always be the main place to receive an amazing meal. But food trucks and street food are really becoming popular because people love to taste a small portion of something, leaving room for them to try another small something. This way they can really get a sample of the taste from the country they are visiting.

Something always delicious is Jerk Chicken from Jamaica. Cooked on the bone and marinated overnight, the spices and flavors of this dish are always different and a secret between families. There is nothing like eating it from a traditional Jamaican jerk hut.

A street cart in the 50’s made Chili Crab a huge success in Singapore. Now many hawker centres are adopting this throughout Singapore. These crabs served whole and stir fried in a sour and sweet sauce are a quintessential part of the Singaporean experience.

For good comida rapida, try the arepas from Columbia. This fast food may look like a simple corn cake, but it is beyond tasty. Grilled or baked and stuffed with cheese, these arepas will leave you coming back for more.

While coming from India, the terrific street food Bunny Chow is served all over South Africa now. It is made from mutton or chicken, not bunnies, and is hollowed out bread and curries. This tasty dish is one that you will want more and more of on the streets of South Africa.

True, we could continue to travel the whole world tasting the amazing flavors at street food has to offer. Maybe some of us will get that chance, but we can certainly enjoy flavors one country at a time. So wherever we are going, let us continue to taste the flavors of the world and bring them closer to home.