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Bankruptcy – Is a Home Mortgage Possible?

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Have you had a bankruptcy and don’t know how it will affect you in regards to getting a mortgage loan? It may not be as bad as you think. You had a bankruptcy. Lots of people do and rebound from it. Here is some information to keep in mind when getting your mortgage after going through the process.

You probably won’t be able to get into a mortgage for at least two years after the bankruptcy has been discharged if you filed chapter 7. That is usually the waiting period lenders will impose before considering a loan. Once that time frame is up, there should be no issues getting financed. If you filed chapter 13 bankruptcy, the Federal Housing Administration will consider a loan in as little as one year.

The important thing for a consumer to do is begin immediately re-establishing their credit and building their credit score. This can be done by paying rent and utility bills on time. Or, perhaps obtaining a secured credit card, a credit card where the balance is paid in by the cardholder to establish the account.

You should, however expect to pay a higher interest rate. You will pay the higher rate, because you are a higher risk. Keep good records of all of the payments you have made since the discharge. If the bank sees that you have been on time with your payments and are current on your accounts, it may help to keep your interest rate on the lower side. Remember, it isn’t just the bankruptcy that affects your ability to get the loan or the interest rate. Employment history, loan to value and down payment also are a factor in the loan decision.

Securing the loan may be challenging. Stay positive, patient, and persistent. Lenders may want to do extensive digging into your financial records. Be as cooperative as possible. You don’t have to stay with one lender. Shop around. Get advice from multiple sources. Talk to your local brick and mortar banker. Dealing with someone you have a relationship with is helpful. Talk to a broker. Brokers deal with many types of situations and may be able to steer you in a path you haven’t thought of. Search online. There are many online companies that deal solely with helping people who have had bankruptcies obtain mortgages.

Banks will consider anyone with a bankruptcy a high risk. High risk is just that, high risk. Not impossible. You can still get a mortgage. You may have to jump through more hoops. You may have to pay more interest (which is deductible on your taxes). But you can buy a house.

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Stacks (STX) Reached $2 While Surging Up Over 43% In A Day

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Stacks (STX) Reached $2 While Surging Up Over 43% In A Day

Many altcoins are performing better than the mainstream cryptocurrencies in the market. Investors are not only focusing on leading crypto-assets, they are also trying to witness the potential of other altcoins. Some coins have the potential to return the gain to investors and some fail to perform well. As we all know, trading cryptocurrencies does not ensure users with only gain, it is an on and off switch every day.

Stacks is one such altcoin that is now presenting a bullish run. It has the potential to set up a new all-time high if the trend continues. Since its ATH in mid-May, this is the first time that the price of STX has hit above the $2 level.

Stacks is a layer-1 blockchain solution for bringing smart contracts and decentralized applications (DApps) to Bitcoin (BTC). These smart contracts are added to Bitcoin without affecting any of the factors that make it so powerful, such as its security and stability.

Current Market Status

At the time of writing, the price value of STX is $2.09 with a trading volume of $595,870,210 in the last 24-hours. According to Coinmarketcap, STX has jumped over 43% within a day and it holds 57th position. The current circulating supply of STX is 1,818,000,000 coins. 

Trading chart of STX

The chart depicts the bullish pattern for the past 24-hours. The price value of STX has surged from $1.43 to $2.16 in a day which is 43% up. With the 7-day statistics, the chart displays a surge of 51%. The top exchanges where STX can be traded are Binance, Mandala Exchange, OKEx, FTX, and Upbit.

Bitcoin NFTs On Stacks

NFTs are being launched on Bitcoin via Stacks. This smart contract platform settles its transaction on the Bitcoin blockchain. Following that NFTs on Bitcoin began to explode through Stacks. Moreover, the firm has a list of upcoming NFT drops for the buyer to purchase.

Considering the recent updates, Bitcoin NFTs on Stacks might be the reason for the surge in the price value of STX. However, the users are expecting more highs and a new all-time high. Significantly, with the ongoing advancements, STX has the potential to reach new highs in the upcoming days. 

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My Experience Buying Virtual Land on Next Earth

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My Experience Buying Virtual Land on Next Earth

In the fall of 2017, NFT projects like Cryptokitties took off like a rocket. I had the opportunity to have a lot of discussions about the crypto space, NFTs, and the emerging metaverse.

These conversations centered around how virtual land could become a viable alternative asset niche within cryptocurrency markets, and the metaverse. That’s when it clicked for me: humans have owned land for thousands of years all over the world, but now it’s being replicated digitally on computers around the world.

Virtual real estate will have its own set of economic principles just like physical real estate does, and Next Earth is leading the way in creating this new asset class. Next Earth was launched in August 2021 and has quickly become the metaverse’s largest virtual real estate platform based on a replica of Earth, with nearly $2M in the total value of land owned by users.

The importance of NFTs

In my view, NFTs are a continuation of our evolution from caves to cities to the blockchain – they’re just another tool for us to build our lives and connections digitally.

As we all know, technology is both a blessing and a curse, so I think we’ll have some growing pains as we figure out how to create safe spaces online while also allowing people to express themselves creatively and make money along the way. But if Next Earth is any indication, I think it will be very exciting times ahead for virtual real estate.

Buying virtual land NFTs on Next Earth

All that said, let’s look at the process of buying virtual land NFTs on Next Earth.

First, I just signed up at nextearth.io, with my email and password. Next Earth is the largest and most well-established of the current crop of metaverse real estate companies. I also joined a community of thousands of other landowners and NFT enthusiasts, through their Discord community here.

After creating my account, I created a Binance Chain address through the Binance Chain Chrome extension. If you don’t have a Binance Smart Chain address yet, it’s time to get one. Once you’ve generated an address, you need to send BNB (the BSC native token) to it in order to log into Next Earth and buy virtual land NFTs.

After connecting my wallet, I used the Next Earth map to find virtual real estate that I’d be interested in. Next Earth has a visual map where you can browse all available parcels of virtual land. You’ll also see the current ownership status for each parcel, as well as any bids placed by other users.

Beyond being able to browse the entire virtual replica of Earth, you can simply type in a location, like “White House,” and see if those tiles are available for sale. After connecting your wallet, you can purchase any available tiles. As you can see below, I decided to choose a nice mansion in Hollywood Hills.

1633864244 877 My Experience Buying Virtual Land on Next Earth

Of course, you can also buy land from other users via the NFT marketplace. This is a newly active area of the Next Earth platform – people can buy and sell virtual real estate NFTs with each other. If the tile you’ve browsed was taken, you can head over to the NFT marketplace to see if it’s available for sale from the original buyer.

For example, you can buy Area 51, prime mall locations, wine tasting locations, and many more fascinating real estate plots through the marketplace.

1633864244 123 My Experience Buying Virtual Land on Next Earth

From here, you can do one of two things: you can hold your NFT land and watch the prices increase over time, or you can let someone else put a bid on your virtual land. With Next Earth’s NFT marketplace, you can choose to either hold the item or re-sell it through the marketplace.

Ultimately, NFTs have steadily risen in popularity over time, but exploded recently in part due to the growing accessibility of blockchain technology and the rise of crypto-assets.

Consumers have plenty of options when it comes to buying NFTs. It used to be that buying virtual items was largely limited to popular online games (World of Warcraft, Minecraft, etc.). But now, there are plenty of non-game examples like Next Earth, where you can buy any virtual land as an NFT.

 

Photo by Colton Jones on Unsplash
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Build Your Own Homemade Gold Sluice Box

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Have you ever thought of going prospecting for gold? Using a sluice box may help you find more of that beautiful yellow stuff. Here how you can plan and build your own gold sluice box. These do it your self projects are popular with lots of folks, and fun to think about even if you just end up buying a store bought product. Here are some thoughts on how to build your own do It Yourself, hand fed Gold Sluice Box – I think it’s a great project for beginners. A wooden sluice like this was the first piece of prospecting equipment I ever built.

A sluice box lined with riffles is one of the oldest forms of gravity separation devices still being used today. They are simple and have been in use all across the world for thousands of years. A sluice is really nothing more than an artificial channel lined with devices to catch gold through which water flows, moving the lighter materials such as clay, sands and gravels out of the sluice. They heavier materials remain behind, trapped by the riffles. For many years, most sluice boxes were home made affairs designed and built in the gold prospector himself. To this day, in the gold bearing regions of third world countries, prospectors design and build sluice boxes out the most unusual items – sometimes whatever materials are available locally. You don’t really need any special sluice box plans – the exact size is really not all that critical.

Making your own gold sluice is actually a very good beginning project for new prospectors in my opinion. Just take a close look at the sluices being offered by the manufacturers, and that will show you how to build your own sluice box. It won’t be difficult to get some ideas to make your own plans. Sluice boxes can be made out of wood, aluminum, plastic or steel. Injection molded plastic is not really an option easily available to the do-it-yourself prospector, and steel has a tendency to rust, so wood and aluminum are the preferred options.

In developing plans for a homemade sluice box, the more time you spend thinking about your design, the better. You don’t want to have to buy parts you don’t need, but on the other hand your slice box needs to work and catch the gold efficiently. A good plan and a good understanding of how a sluice box traps gold are important to your design. I think using miners moss underneath your riffles is a real important item for capturing that fine gold. That is why miners moss is used in the sluices of nearly all commercial suction gold dredges. Having a liner underneath the riffles is an important aid in catching small gold dust, and is very worthwhile. I went with miners moss under all the riffles in my sluice, and I strongly recommend it for you.

The typical wooden homemade sluice is made of boards and varies in width from 8 to 18 inches, usually with a depth of 6 inches to a foot. A typical length would be in the three to 6 foot range. Riffles can be made from half inch square dowel nailed about every 6 inches down the length of the sluice. The section without riffles in the top of the box about a foot long is often left for the spot where material shoveled in. This type of sluice box does catch gold, and is easy to build, but is hard to clean out at the end of the day. In addition, the gravel will beat up the wooden riffles over time. It is also possible to create steel riffles that fit inside a wooden sluice, and in that case you can also use miners Moss or some similar material to line the bottom of the sluice underneath the metal riffles.

Homemade sluices can also be made from lightweight aluminum. Wooden sluices tend to become waterlogged in increased greatly in weight after they have been in the water for time. This gives aluminum quite an advantage and it is certainly preferred in the construction of the homemade sluice. The trough of the sluice, whether aluminum or wood, is usually roughly about the same size.

For those interested in making their own home made hand fed sluice box from aluminum with steel riffles as a do it yourself type of project, I can say if you have any metal fabrication skills, you will find this an easy project. A little welding, a little metal folding and the project is done. If you purchase fairly thin aluminum sheet it will be possible to bend it yourself into the trough shape as a single piece (just don’t go too thin). More information and detail can be found on the authors website.

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XYO Price Climbs Up Over 51% in Last 24 hour

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XYO Price Climbs Up Over 51% in Last 24 hour