Blog Posts Posted March 2015

Should You Use an Online Mortgage Lender?

Buying a home is a huge expense and it is also one of the most stressful things that anyone can deal with. Most people lead very busy lives and prefer to find the simplest way to handle things, which is why online lenders have become a popular choice for those that are seeking a mortgage. Some full service online lenders like Quicken Loans and Lending Tree can make the mortgage process fast and painless.

However, despite the ease of use and the fast process, online lenders are not the right choice for all home buyers. Generally, the home loan application process through an online lender is much simpler, which is one of the main reasons they are so popular. There is no need to have in-person meetings, so applying online can save a lot of time and hassle. Online lenders will also offer lower rates and fees as well, which are attractive attributes. These lenders want to grab as many customers as possible, so they create benefits that cannot be enjoyed with traditional lenders. They feature low closing costs and flexible payment terms.

Since many people have lower credit scores, online lenders make a great choice for anyone with a score that is lower than 700. These lenders will not use the same underwriting investors that large banks do, so it is possible to qualify for a loan even if one was rejected at a local bank.

While there are great benefits, there are also drawbacks to online lenders. There are many companies that are scams and there is a great risk of fraud. One thing to watch for is any upfront costs that are requested. Some lenders will try to charge a fee for the application process top cover appraisals and credit checks. This should not be paid for until later in the process.

It is very common for online lenders to advertise low rates to attract attention. Once an application is filed, the company will run the credit and then state the mentioned rates are no longer available due to credit scores. This can be hard to avoid, but is something that borrowers should be aware of when applying online. Just because a lender will approve a loan, it does not mean that the interest rate will be great. In fact, lower credit scores will result in higher interest. When using any online lending company, take time to complete forms and be sure to answer questions accurately to reduce problems and save time. Simple mistakes can lead to higher fees later on, so be sure to read all information and call an 800 number with questions.

Understanding Online Casino Fair Payouts

When choosing an online casino and a game, it is important to consider the fair payouts, which include games that can almost reduce the house edge to zero. While this may sound like these games will allow players to win more often over time, players will neither lose nor win money. When an online casino offers players any service, they will incur a cost, so offering fair payouts would not allow the casino to cover costs. Therefore, the payouts that are offered at online casinos is a bit less than fair payouts.

Players need to have a basic idea of how fair payouts can be achieved when playing online casino games. If all of the possible outcomes of a game can be listed, it will be possible to mathematically calculate the payouts. The easiest example is with the game of roulette. If a player has wagered in red numbers and the total outcome of a spin on European roulette is 37, then 18 are favourable for a red bet and 19 are not. This means the fair payout should be 19 to 18. The actual payout is 1:1, marginally less than the fair payout.

With most casino games, it will not be possible for players to calculate the fair payouts because there are just too many outcomes, especially when playing slot machines. Instead, players need to resort to the payout percentages that are calculated after auditing the games. Those games with the highest payout percentages will be most beneficial when looking for games that offer the best chances at collecting rewards for the bets that have been placed. Most slot games will offer an average payout rate of about 95%.

With games like blackjack, the fair payout is hampered due to the different decisions that are made by each player. These will alter the outcomes of the game, so there is no way to truly calculate fair payouts for the game of blackjack. Most blackjack variants that are found online are set so that he average return to players is about 99%, which is a pretty decent number overall. In essence, players should not be concerned with fair payouts and should look at the percentages offered by each game to determine what is the best choice when it comes to game selections.

Discover Three Card Poker

Players who enjoy gambling online will be well aware of the many variations of poker that are offered. These games can be played at leading online casinos or at poker room sites. One of the more popular variants of the poker game is Three Card Poker. As the name states, the game is played with just three cards and it is one of the easiest poker games to learn and master. This game is played with a single deck of 52 cards and there are actually two games in one. The first is the Play/Ante game, where players will play against the dealer to see who has the best hand. There is the Pair Plus game as well and here, players will wager on whether they will be dealt a pair or better when the game starts. In most online casinos, players can bet on either of these games, but some will require the Ante bet before the Pairs bet can be placed.

If players place the Ante/Play bet, they will have the option of folding or playing after reviewing their hand. If they wish to continue with the game, they will then have to place the Play bet on the table. After all decisions are made, the dealer will reveal the three card hand. If the dealer’s hand does not qualify, meaning it has a Queen or higher, all active players receive even money and the game ends. If the dealer does qualify, the player hand will have to beat the value of the dealer hand and will win based on the game pay table. There are only six ranked hands with this poker game, including a High Card, Pair, Flush, Straight, Three of a Kind and Straight Flush.

Certain hands will be eligible for an Ante bonus payout, even if they do not beat the dealer. The bonus is paid based on the pay table posted and can vary from one casino to the next. With the Ante portion of the game, the strategies are very simple. Players should fold if they have lower than a Queen-6-4 and should play on if they have a better hand.

The Pairs Plus wager is placed if players think they will hold a hand that has a pair or better. It will not matter if the dealer qualifies. If the players hand does not have a pair or better, the bet loses. If the hand does have a winning combination, the payouts are offered. Players should know that on average. They will be dealt a pair about 25% of the time.