When you plan to take a home loan apply online, as it is easier and more convenient. However, you must understand various important terms that may be useful. Amongst many, you may hear the term ‘moratorium period’ from your lender. It’s a concept that might seem rather complicated. Still, it can be reasonably simple to understand if the right approach is applied. So, let’s begin by discussing the basics of it.
Understanding Borrowers Needs
Understanding your responsibilities as a borrower under the mortgage terms is vital before signing up for this major financial commitment. Perhaps most important is understanding when exactly you are expected to make payments during each part of the loan process.
Moratorium Period Is Not Grace Period
While grace periods are typically associated with deferring the repayment of a loan for some time, moratoriums exist to ensure you have as much time as possible to repay a loan. However, there is a slight difference between these two features; while you can opt out of a grace period, opting into a moratorium requires consultation with your lender.
This is because, during the moratorium period (which can last up to 2 years), you will be required to offer reasonable terms and conditions that you intend to abide by to be eligible for the facility. These could include low interest home loans or even decreasing your debt through consolidation.
- Moratorium: A moratorium is a pause that allows you to momentarily stop repaying your loan if certain circumstances come up during borrowing. For example, let’s say you’re experiencing financial hardships or need to wait on one of the stipulations required before starting repayment. This process will take at least two months – you can request a moratorium. You can ask for a moratorium at any time during your repayment period with the lender.
- Grace Period: Likewise, the debtor needs to make concessions with the creditor when the latter sets limits and bounds beforehand. A grace period is usually established by banks when a bank account comes due and stands at zero balance. In such a situation, a grace period usually gives you two days (or one week) to add money before additional fees begin from overdraft.
Let’s Understand the Difference with an Example
Let’s use an example to understand better the differences between a moratorium and a grace period. Consider what would happen if someone took out a home loan but found themselves in a situation where they needed to spend money on medical expenses or other issues before making the required monthly payments.
The borrower may be able to apply for a reprieve from these monthly payments for a designated amount of time, known as a repayment moratorium. After this period, the borrower will need to prove that they are now financially capable of making these regular repayments. The lender will accept them once again and begin accepting monthly instalments again.
A “grace period” can also offer additional time for borrowers seeking to pay off their loans. Still, payments will continue to be due in full, along with interest, during this period. The account is in good standing during the grace period, and there are no charges. You can use the grace period to help you pay off all past due payments and any late fees or contractual penalties. For example, let’s say you take a loan on July 1, and the first payment is due on September 1, with a grace period of 30 days. You will continue to owe no payments until October 1.
Benefits of the Moratorium
- It allows homeowners to plan for their monthly payments instead of scrambling to keep up with their rising mortgage payments.
- It reduces the stress levels of those struggling to keep up with their mortgage payments.
- It enables homeowners to benefit from the new changes in their mortgage rates.
- It allows homeowners to catch up on their payments without the threat of foreclosure.
Money flow from a borrower to a lender is a continuous process. If a borrower falls behind in making payments, the lender may choose to place a moratorium on the loan. So, now that you know the process, you may use the moratorium period for your benefit.
Top DDoS Protection Techniques For 2022￼
DDoS protection is the full definition of DDoS. A DDoS attack’s primary goal is to overwhelm your web server and either disable it or bring it down.
One of the disappointing aspects of these attacks is that, for the most part, nothing is obtained, and nothing is frequently hacked. The staggering burden associated with DDoS attacks is a significant problem.
You will most likely notice a substantial increase in your data transfer capacity, which could cost you several hundred or even thousands of dollars. If you are using a less expensive or shared host, this will likely result in your record’s suspension.
However, various tools are available to prevent attacks on distributed denial of service (DDoS) and secure websites and applications. DDoS protection solutions avoid these attacks by monitoring web traffic & setting baselines for normal traffic loads.
Here we have listed one of the top leading online DDoS protection providers. These vendors are well recognized and have offered great results in this field.
Sharktech is a well-recognized brand, master in designing and developing brilliant DDoS protection and web technologies. Grab a 30% discount on these services using the Sharktech Coupon Code.
10 Best ways of DDoS Protection:
1. Know your network’s traffic
Every company’s infrastructure has typical Internet traffic patterns, so be aware of yours. You’ll have a baseline once you comprehend the standard traffic pattern for your company.
In this manner, you can recognize the signs of a DDoS attack whenever there is unusual activity.
2. Create a Refusal of Service Response Plan
Do you understand what will happen if you face a DDoS attack? How is your company going to react? When your network is targeted, you’ll be able to respond quickly and effectively if you have a plan in place.
Planning is required; the more intricate your infrastructure, the more specific your DDoS response strategy will need to be. Regardless of the extent of your business, your plan needs to include the following:
- A list of systems
- a competent response group
- notification and escalation processes that are clearly defined.
- a list of the people inside and outside the company who will inform you about the attack
- a strategy for reaching out to all other stakeholders, such as clients or suppliers
3. Make your network resilient
Your infrastructure should be as immune to DDoS attacks as possible. Since some DDoS attacks target firewalls, this has implications beyond just firewalls.
Instead, be careful not to keep all your eggs in one basket. Put data centres on various networks and avoid having all your data centres in the same physical space.
Put servers in multiple data centres, and make sure your network doesn’t have any chokepoints for traffic.
4. Practice good cyber hygiene
The use of best security practices by your users should go without saying. Change your passwords frequently, use secure authentication methods, be aware of phishing attacks, and other security precautions. Even if there is an attack, your company will be safer with fewer user errors.
5. Scale up your bandwidth for DDoS protection
One way to lessen the severity of a traffic jam in your network caused by DDoS is to widen the highway. Your business will be able to handle a more significant amount of traffic by adding more bandwidth.
6. Take benefits of anti-DDoS hardware and software
DDoS attacks have been witnessed for some time, and some varieties are frequent. Numerous products can fend off or lessen specific protocol and application attacks. Consequently, utilize those tools.
7. Fear the worst; plan for DDoS attacks ahead
By preparing for a cyberattack beforehand, you can react quickly before they start harming your website.
A list of coworkers who will respond to the attack is part of an excellent cyber security strategy. Additionally, it describes how the system will allocate resources so that most apps and services stay online, which could prevent your company from crashing.
Finally, you can think about how to get in touch with the ISP aiding the attack because they might be able to stop it completely.
8. Switch to a hybrid or cloud-based solution
You’ll have limitless bandwidth if you switch to cloud- or hybrid-based services. Many of the DDoS-affected websites are resource-constrained websites. Making the switch to a cloud-based solution can help you stay safe.
9. Bullet-proof your network hardware configurations
You can stop a DDoS attack by making some hardware configuration changes.
Incoming ICMP packets can be dropped, or DNS responses from outside your network can be blocked, for example, by configuring your firewall or router. This will aid in defending against some volumetric DNS- and ping-based attacks.
10. Increase bandwidth for DDoS protection
Making your hosting infrastructure “DDoS resistant” is one of the most fundamental safeguards against DDoS attacks. This means setting aside enough bandwidth to handle traffic peaks brought on by potential cyberattacks.
Please keep in mind that adding more bandwidth by itself is not a sufficient defence against DDoS attacks. Increased bandwidth raises the hurdle attackers must clear before launching a successful DDoS attack. Still, it would be best if you combined this with other mitigation strategies to protect your website entirely.
DDoS mitigation strategies should be considered as soon as possible, given that DDoS attacks have been on the rise and that each episode can have disastrous effects on any business, regardless of size or scope.
You can strengthen the security of your website and defend it from cyberattacks by using the strategies mentioned above and get complete DDoS protection.
Tips to help go out with friends and run a successful business
Tips to help go out with friends and run a successful business. Some people think it’s impossible to do that, but not anymore. Because you will be able to do that. I’m going to share with you tips that can help you. Ways that make it easy for you to enjoy some time with friends and successfully run the business. You will change your thoughts about this if you think you can’t.
I’m going to explain more about each one. This way, it’s going to be clear to you how could that happen. Although it’s possible to enjoy some time with friends while running a successful business. It doesn’t mean it will be so easy. Keep reading to know what you need to do. And share with you think at the end of this post. Also, please share it with others if you find it helpful.
Tips to help go out with friends and run a successful business
Well, I think by now you know that to run a successful business. You will need to spend a lot of time working. Be busy working and doing things. So many business owners wouldn’t have time. Unless you are following these tips. It will help you to have time with family and friends. Running a business can be difficult and exhausting. But not if you go in the right direction.
It’s common to be successful, you will need to spend a lot of hours on something. However, it doesn’t require all the time of your day. And that would be our best key to that. Also, you will need more things that I will mention. Because it’s not just about when to work and when it finishes. My uncle is a businessman and I learn things from him as well. So, I will share something important to help you go out with friends.
Don’t be confused when you read the title. Going out is like hanging out with friends. But you would still manage to run a successful business. It’s not going with your friends out to run a successful business haha. Because it’s not easy and also important to have time with friends. These tips to help go out with friends and run a successful business will help with that.
I want to talk about this because it’s an important topic. People would be stuck if they don’t know how to run a successful business while having time for family and friends. Maybe you will keep learning and eventually find out about it. How about you don’t have to because you are reading this post? Let’s see how that can be possible…
1. Schedule your week and let a day or two off
The important one that can help you to have organized work. Make sure to schedule weekly work and let one day or two off. This you get to go out and enjoy. Get some family time and don’t think about work during that time. Maybe if it’s not a lot of work or emergency. That would be the only reason you can focus on a bit of work on your days off.
Being a business owner, I would assume you are owning the business or have the ability to set and choose your days. If you are working for someone, you don’t need to worry about this. Because they would give you off days. Everyone deserves some time to enjoy out of work. So, make sure to have days when you spend with your family or friends. Don’t interrupt it with work or other matters.
These days off would be your time. And make sure you choose the best time to be off. There are other times when it’s very important to do things at work. So, don’t miss opportunities doing this. You don’t want to be off when it’s more beneficial to work and be at work. However, this is one of the tips to help go out with friends and run a successful business.
2. Focus 100% on work during work to finish things off
Another really important thing is giving it all your attention. When it’s time to work, make sure you are 100% focused on work. Get things done after you finish. That will give you time to rest during the off days. Don’t be distracted and have days off because that won’t be good for the business’s growth. There will be tasks you should get done otherwise is not going to be well for you as well.
One of the important tips to help go out with friends and run a successful business. You will be able to finish tasks and later you have nothing to worry about. Because you are all caught up with work and tasks. Just enjoys some time with family and friends. But the opposite is not going to let you enjoy it.
Since you will have time to be distracted. You must focus 100% on work during work days. This way, progress will keep going better and better. It will give you a chance to do other things. Such as shopping and going for a drink with friends. Anything you want to do with them.
3. Make your custom schedule with your friends to go out
Next, you would need to inform your friends or family about your custom schedule. Being a business owner is not an easy job. And requires a lot of work. Therefore, make sure to set a suitable schedule. And ask friends to be free for you to hang out together. Not all of your friends should be free. So, keep in mind that you need to inform them a few days ahead. Maybe they can work something out to be out with you.
4. Business partner to take care of things while you are out with friends
Well, another important thing that you need to do is have a business partner. It’s ok if you don’t have one because you will find another way. However, a business partner can help you to take care of things while you are out. This is only if it’s urgent or hanging out will take a while. So, there is someone that would make sure things run smoothly for the business.
Project Management Tools Monday and ClickUp
If you need to manage projects, you may want to consider implementing project management tools. Check out these two great options: monday.com and ClickUp. These tools provide a wealth of features, and they’re affordable as well. Each of them offers different benefits, and a free trial is available to help you decide if they’re right for you.
Project Management Tools Monday
If you’re looking for project management software, Project Management Tools Monday and ClickUp are two great options. Both are easy to use and set up. However, ClickUp offers more customization options, such as the ability to control who can see private files. As a result, it’s more suited for larger teams.
Both Monday and ClickUp offer a lot of different features. Monday’s project management tool is especially popular due to its flexibility. It is very affordable while offering a number of robust features. The software is suitable for sales teams and other teams that need to collaborate on projects. Its free version allows up to 10 users. Paid plans start at $8 a month.
ClickUp is an excellent free tool for project management. It has many features, including task management, assigning team members to specific tasks, setting due dates, and managing resources. It also supports file uploading. But if you’re looking for a premium platform, you’ll need to shell out some cash.
Microsoft Project is an excellent proofing tool and makes a great central workspace for collaboration. It also offers flexible templates that allow team members to comment directly on task elements. However, Microsoft Project is expensive for solo users, and its integrations with other tools cause delays in notifications. The software is also available as a desktop application. Basecamp is another great tool for managing project activities and is cloud-based. It has a free trial period of 30 days, but some of its integrations cause delayed notifications.
Project management tools help you manage your time and ensure that your projects are delivered on time. They also allow you to organize your tasks and track their progress. If you’re looking for a project management tool, consider clicking the links below. There are many different tools available, and there’s something to suit everyone.
Both of these tools Monday and ClickUp make it easy to manage multiple teams and projects. Monday has an impressive list of built-in templates and power-ups, and ClickUp’s list is less comprehensive. The former is more time-saving and practical, and Monday offers pre-built templates, while ClickUp’s seem out of touch with their function.
One important difference between the two tools is their hierarchy of components. While ClickUp has a hierarchy of components, Monday has no such hierarchy. Its multiple layers store all the data. Moreover, it has multiple views for each layer. This makes Monday more suited to larger teams. It’s important to consider the differences between these two tools when deciding between them.
ClickUp offers a public API that can integrate with other tools. It also has a wide variety of integrations with top CRM software, project management platforms, and calendaring tools. However, Monday has more native integrations with major platforms. It is possible to set up your own custom sub-software with ClickUp.
ClickUp has a powerful dashboard feature that allows you to see a high-level overview of your workspace. It allows you to monitor progress and evaluate your projects and business strategy. It allows you to customize dashboards for various use cases such as sales, remote work, and relationship management. ClickUp also lets you customize your dashboard with smart widgets. More than 50 widgets are available for you to choose from, so you can make it fit your company’s needs.
ClickUp offers more advanced analytical reporting features, and it offers a marketplace for third-party applications. It supports over 1000 third-party business tools, including Dropbox, GitLab, and Outlook. Moreover, both tools feature a flexible hierarchy that lets you organize your work in the way that makes the most sense for you.
If you’re considering a Monday alternative, you’ll be pleased to know that this platform has many features you can use for project management. You can access modules such as task management and project management to keep track of work assignments, while also managing your team’s communications, team chats, and timesheets. The program is extremely easy to use, and even non-IT professionals can easily adapt to it.
Among its other features, Monday can also help you run polls, collect feedback, and understand the preferences of your team and board. Whether you need a project management tool or a team collaboration platform, you can find one with a demo on Monday.com. The product offers a number of collaboration and communication features and has many uses for both small and large businesses.
Monday is fully customizable, enabling you to work in any Kanban technique you like. It has easy-to-use features and drag-and-drop functionality. It’s a popular choice among project managers in the UK and Australia. It allows you to create multiple boards for your projects and assign tasks to them. You can even customize fields and set deadlines.
If you’re looking for a high-quality, affordable PM tool, it’s important to research the different options before making a purchase. Many companies offer free demos and are happy to provide limited access to their customers. Before purchasing, it’s best to test out several options and find the one that works for your team.
Monday and ClickUp have different approaches to project management. The former is more user-friendly, with fewer options and a more real-world approach. Monday is more convenient in the sense that it has pre-built templates that help users get up to speed quickly. ClickUp, on the other hand, has a more cluttered look and feels disconnected from function.
ClickUp lets managers track progress toward key milestones and ensures that deadlines are met. The software allows managers to set both short-term and long-term goals. It can also calculate a total time estimate, based on the subtasks a project contains. The time estimate is displayed for all tasks in a workspace, as well as for the current status.
Monday has more extensive chart editing options than ClickUp. It can even create custom charts, with x and y-axes, as well as benchmark lines. It also lets you track who is working, and what they’re working on. Users can also set permissions and boundaries, which is helpful in larger teams.
ClickUp also offers more analytical reporting. It offers more than a dozen integrations with third-party tools. This means you can integrate with dozens of business tools without additional software. It can also be used in tandem with other applications. For instance, you can connect Monday to Dropbox or GitLab, and both systems can display project updates in real time.
ClickUp is a flexible and versatile tool. It is designed for teams of any size and industry, and it lets users customize features to fit their needs. It offers a free plan and low prices, which makes it a good choice for startups and small businesses.
Monday.com Pricing vs ClickUp Pricing
The two project management tools are similar in many ways. However, one feature that separates the two is their pricing structure. While ClickUp charges more, Monday’s pricing is lower. There is a free plan, but it only allows two users. This means that the paid plan is better suited for teams of two or more people.
In addition, Monday’s pricing is more affordable than ClickUp’s, and its Standard plan is much less expensive than ClickUp’s Business Plus and Unlimited plans. The difference in pricing is largely due to the additional features that Monday offers compared to ClickUp, such as customizable dashboards and advanced automation. Additionally, Monday’s pricing structure is cleaner and more customizable.
Monday has an easier-to-use interface, which is better for users who are new to project management software. The interface allows users to create boards within a few clicks, and key processes can be automated. This makes it an excellent choice for businesses that need a quick solution.
When it comes to pricing, Monday’s is cheaper than ClickUp’s, which means it’s better for teams with larger numbers of users. Additionally, Monday allows users to set expectations with team members and define out-of-office periods. ClickUp, on the other hand, simply assumes that everyone is working.
Monday’s most comprehensive plan is aimed at large enterprises and comes with premium support, custom onboarding, advanced analytics, and scalable automation and integrations. While ClickUp’s free tier includes 100MB of storage and unlimited users, Monday offers unlimited storage and integrations for $5 per user per month.
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