The cameras photography buffs use are like paints for an artist. The first camera was made in 1685, but a permanent photograph did not come around until 1826 and was by Joseph Nicéphore Niépce using a special sliding wooden box.Technology has come along way in the development of the cameras photography individuals use. Several types exist for the photography community to take advantage of today.Cameras photography enthusiasts use varied types of cameras. Many prefer the newer digital arts cameras over the old prints photography cameras. The digital cameras allow for photo sharing on the web and also for the image to be deleted or saved if need be.However, the basic camera that uses film is still less expensive. Some people may be ready for the technology change, but their pocketbooks may not be.Another thing to consider with cameras photography enthusiasts use is whether the lens will be built into the camera or whether it will be detachable. For taking wildlife photography, a detachable lens is usually needed. The detachable lens allows the photographer to be able to zoom in closer and capture intimate details that otherwise would not be caught.The new digital cameras, however, have zoom lenses that can reach far, but still not as far as the basic camera with a detachable lens. Again, the use of the cameras photography buffs will use must be taken into account in order to pick the right camera for the job.Cameras photography communities use are so varied that anybody can use them. No matter whether the camera is digital, basic film, ones with detachable lenses, or ones with built in zoom lenses cameras are a hot commodity for people of all ages to have them.Teens are so happy when they are given a camera as a gift. Older people even enjoy getting a new camera. Pictures are great memories, and with the right camera, every picture taken can make a special memory last.
What Are The Special Mortgage Challenges for Self Employed Borrowers?
BasicsMortgage lenders classify borrowers in two different ways:
wage earners
self-employed
Wage earners are much easier to analyze for a mortgage lender. They usually can provide paystubs, employment documentation, and tax returns. Their income stream is easier for a mortgage lender to understand.A self-employed borrower is often much more difficult to understand for a mortgage lender. Challenges may include:
stability of earnings
track record in business
complex tax records
unclear assets
Stability Of EarningsThe first issue is stability of earnings. A self-employed borrower may not have constant income. Earnings will often fluctuate depending on how their business is going.Track Record In BusinessLenders usually like to see a self-employed borrower have at least a 2 years track record in their business. This usually shows the lender that the person is capable of generating income in their new self-employed work. They usually also like to see someone who is self-employed in their line of work. If you have years of experience as a carpenter but open up a coffee shop this is a major switch and a mortgage lender will have to analyze this.Complex Tax RecordsSelf-employed borrowers often have complicated tax returns. This is partly the result of a complex tax code and partly because most self-employed borrowers are thorough in using all available tax deductions.Unclear AssetsThe final issue is unclear assets. Borrower assets may be intermingled in business accounts with other business partners. Deposits in a business bank account may represent revenue but not necessarily the final income or net profit a business generates.Additional StepsMake sure that when you apply for a mortgage you clearly state that you are self-employed up front. The self-employed usually have nearly all the same loan options as wage earners.You may need to prepare your documentation in advance – such as making copies of business licenses, permits, and financial records.