Author Archive: Single Parent

5 Alternative Ways to Use a Mortgage Calculator

A mortgage calculator is a very important tool for those who want to buy new homes. It enables you to know whether you can afford to buy a certain house or not. It also enables you to predict how much a certain home might cost. It is important for you to know the cost of a house so that you can know the amount of loan to take in order to buy a house. Here are some of the alternative ways that one can use a mortgage brokers.

  • Figuring out the loan that you will choose

The type of loan that you take is what will be used to determine the amount of money that you will be paying per month. The loan type that you will choose will be used to determine your average interest rate. The monthly payment that will be shown on your calculator is what will assist you to know which type of loan is right for you. The main loan types found on the mortgage calculator are the 30-year fixed, 15-year fixed and 5/1 ARM.

  • Impact on various interest rates

Do you know that the interest rates that will be charged on your loan can have a far reaching impact on your monthly mortgage payment?  It is not easy for you to see this impact unless you use your mortgage calculator to enter the different interest rates. You can change the number on the mortgage calculator the way you want so that you can see the impact of having a lower or a higher rate. A mortgage payment calculator can assist you in choosing a loan with a lower interest rate.

  • Enables you to see the interest that you will have to pay

 A mortgage calculator plays a very crucial role as it enables you to know the amount of interest that you will pay each month. It will also enable you to know the total amount of interest that you will pay in the long run over the life of your loan. If you click the schedule tab that is found on your mortgage calculator you will be able to see an interactive graph that shows the interest paid and the principal for that particular month.

  • It enables you to know what to put down or offer on your new home

It is important for you to know what your new home will require and you can do this using your mortgage calculator. You can enter your loan amount on your mortgage calculator and they you will be able to know if it will be able to fit your monthly budget. The escalation clause can give you an idea of the amount of money that you are supposed to pay each month as part of your loan.

  • Enables you to see where your money will be going every month

It is very important to use a mortgage calculator because it will show you where your money will go. Some of the items that you will see on your mortgage calculator are insurance, taxes, P&I and PMI. If you don’t know to use a mortgage calculator you can use a mortgage broker to assist you know on how to use it.…

Why Do Single-Parent Families Put Children at Risk?

There are several theories that have been put up by researchers explaining the single parent family concept. Yeah it’s true that single parent families make children to experience emotional social and cognitive problems. In most cases being a single parent is not by choice though some are single parents by choice. The reason why single parent families affect children is because they are not able to get the parental and economic resources that they may want. Single parenting is stressful to children but they are forced to adapt to these circumstances because they are born in them.

The quality of parenting

It’s obvious that when one parent takes care of the children, there are high chances that the quality of parenting is low. Children feel very happy when they are brought up by both the mother and father. In this case the family structure does not matter at all but what matters most is the quality of parenting given to children that can enable them to improve their social and emotional well-being. A single parent cannot be able to function effectively as compared to those who are married. Why? The married ones are less supportive to their children because they share the responsibility, less supervision of the children, more consistent in the dispensation of discipline but as a single parent you have to go an extra mile in order to meet the social and emotional needs of your children. A single parent family experiences problems in raising children and making ends meet.

Economic hardship

A single parent may not be able to take care of the children and provide everything for them. Therefore most children who have one parent usually are disadvantaged economically. According to research most parents who are single parents are poor and are therefore not able to afford home computers, books for their children or and are not even able to find time and have private lessons with their children as a way of assisting them succeed in school or even work harder for the betterment of their future. Single parents are not able to afford shoes, clothes, cell phones and even other important commodities for their children.  At times you may find that these single parents are staying in rundown neighborhoods, access few community services and go to low quality schools that cannot enable them to prosper academically.

Exposure to stress

Those children who are living with single parents for example a mother or a father only are usually exposed to experiences that are stressful. They see their parent struggling to take of them and they feel affected in one way or the other. When they see their neighborhoods with both parents they feel that they are lacking something and this stresses them. Inept parenting, loss of contact with the parents and economic hardship can lead to emotional distress in children.

Lastly. Single parent advice is very crucial to the children as it encourages them and makes them stronger and happy. As a single parent also ensure that you spend more time with your children and advise them accordingly so that they can live better lives and make their future bright.…