Daily Archives: April 5, 2022

Falling Behind on Mortgage Payments: What You Can Do

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When you are behind on your mortgage payments, it can feel like there is no way out. You may be tempted to give up and let the bank take your home. But before you do that, there are things you can do to keep your property safe in your hands. Here are some steps to help you get back on track with your mortgage payments.

1. Talk to your lender.

The first step is to talk to your lender. They may be willing to work with you to get back on track. They may be able to give you a grace period or change your payment plan. When you talk to them, be sure to have a clear plan of what you can afford to pay each month. Try to be realistic about your budget so you can avoid foreclosure.

2. Get help from a credit counseling service.

If you are struggling to make your payments, you may want to get help from a credit counseling service. These services can help you create a budget and negotiate with your lender to prevent a home repossession. They can also help you stay on track with your payments. Different services have different fees, so be sure to research the ones that are best for you.

3. Sell some of your belongings.

You can sell some of your belongings to get extra money for your mortgage payments. This may include selling your car, selling your furniture, or selling any other valuable items you have. You can use this money to pay off your mortgage in full or to make a payment on it. Try to sell these items for more than you paid for them to get the most money possible, but be sure to factor in the cost of selling them.

4. Get a part-time job.

A part-time job can help you get some extra money to put towards your mortgage. This may be a temporary solution, but it can help you get back on track. You may want to consider a job that offers flexible hours so you can still take care of your home and family. When looking for a job, be sure to factor in commuting and child care costs. Always make sure that the job will pay more than your monthly mortgage payment.

5. Ask family or friends for help.

Your family and friends may be willing to help you out with your mortgage payments. This may be a loan or just some extra money each month. Be sure to have a clear plan for how you will pay them back. You don’t want to put yourself in debt with your friends and family, which can ruin relationships.

6. Find a roommate.

If you struggle to make your mortgage payments, you may want to find a roommate. This can help you reduce your monthly expenses and put more money towards your mortgage. When you are looking for a roommate, be sure to screen them carefully and make sure you are comfortable living with them. Remember, you will be sharing your space with this person.

7. Look into government assistance programs.

There are government assistance programs available that can help you with your mortgage payments. These programs vary from state to state, so be sure to research the available ones in your area. They may be able to provide you with money to help you catch up on your payments or to help you pay your mortgage each month.

8. Refinance your mortgage.

If you are behind on your mortgage payments, you may want to consider refinancing your mortgage. This action means taking out a new loan to pay off your old loan. This can be a risky move, but it may be worth it if you can get a lower interest rate. Be sure to research this option carefully and consult with a financial advisor before you decide to do it.

9. Rent out part of your home.

You can rent out part of your home to bring in extra money each month. This may be a good option if you are struggling to make your mortgage payments. You can rent out a room in your house, the basement, or even the garage. When you are screening potential tenants, be sure to ask for references and credit checks. You don’t want to rent out your home to someone who is going to cause problems for you.

10. Sell your home.

Lastly, you may want to consider selling your home. This is a drastic measure, but it may be the best option if you struggle to make your mortgage payments. When selling your home, be sure to factor in the cost of moving and living expenses. You may also consider hiring a real estate agent to help you with the sale.

So, these are ten things you can do if you are falling behind on your mortgage payments. You can first talk to your lender to see if they can help you get back on track. If that doesn’t work, you can try some other solutions, such as refinancing your mortgage, renting out part of your home, or selling your home. Be sure to do your research and consult with a financial advisor before making any big decisions.

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How Can You Make Your Healthcare Business More Customer-Centric?

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How Can You Make Your Healthcare Business More Customer-Centric?

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Health care is one of the essential sectors, albeit expensive. According to a recent study of healthcare expenditures, America spends nearly twice as much on healthcare as ten other wealthy countries. This industry is highly profitable but competitive, and it is often hard for providers to operate with the customer at the center of it all. Nevertheless, customer-centricity is a very achievable goal in the healthcare industry, so you can do many things to make patrons the ultimate priority over profit. Below are some of the best ways to make your healthcare business more customer-centric.

  1. Refer patients when appropriate

Customer acquisition is one of the biggest goals of any business, including healthcare companies. Many enterprises in other industries can barely entertain the idea of losing their precious patrons to other businesses. However, the healthcare sector is quite different, so you should be ready to refer patients to more appropriate providers when needed. Patient referral is necessary if your facility lacks the infrastructure and know-how to provide the best level of care to patients with specific conditions. 

It is best to prioritize patient wellbeing and refer them to specialists best suited to treat them instead of attempting to treat them for profit. For instance, you can offer advice, treatment, and information to dementia patients that visit your premises. However, consider referring to them if there is uncertainty about the diagnosis after evaluation in treatment. You should also refer these patients to a specialized dementia care NY facility if they display challenging behaviors or respond to treatment poorly. However, your role as a customer-centric provider doesn’t end with a simple referral. It is estimated that 25% to 50% of referring providers never follow up to determine whether their patients went to the specialist. Therefore, always follow up on patient referrals to ensure that patients get the care they need.

  1. Offer more seamless access to information and care

It is common knowledge that today’s patients expect rapid access to information and care at any point in time. Therefore, make access to these services more seamless and convenient by leveraging various telehealth platforms. Also, ensure that all information patients may want to know about their healthcare, including lab results and personal health records, are available to them. Patient portals are a great way to achieve this, so you should launch one for your medical practice. 

  1. Better patient communications

Clients always want to give and receive feedback from any business they engage with, and your healthcare enterprise is no exception. Therefore, communicate openly with your patients concerning their health, care price, and satisfaction with service quality. You can communicate with patients in person or rely on various apps to ensure they receive personal attention and express themselves freely. Furthermore, gathering feedback on your service quality can help you improve the customer experience and earn more money. Feedback collection can be as simple as conducting satisfaction surveys on tablets in your waiting room to collect data and insights or making a suggestion box available.

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