Go Paperless With Digital Mortgages

Is the world moving towards paperless transactions? Yes, it is. When it comes to mortgages, digital applications are all the rage and in a few years are set to completely replace the traditional mortgage applications. Online banking has transformed the way business is done, no longer are you required to spend hours in queues and booking appointments to sort out financial issues. There are no back and forth meetings nor the need to mail transaction documents or travel to your financial institution to finalize a mortgage deal. Digital mortgages allow you to communicate with a loan officer and broker via email and phone calls; all the documentation is still done only this time you fill online forms, scan and send important records via email thus reducing the cumbersome paper transactions.

Are Digital Mortgages the way to go?

Many financial institutions are now opting for online mortgage lending. There are many advantages of applying online both for the lender and the borrower; by using dedicated software, transactions are processed faster, with little room for human errors and fully conforming to government regulations. Major lenders prefer digital mortgages because apart from providing accuracy, they also give the lenders a competitive edge because most of the current tech savvy borrowers don’t want to spend hours dealing with paperwork and never ending meetings.

Online lending also shortens the underwriting and the application process. On average, traditional mortgage applications took up to 3 months to get processed while digital applications take a maximum of three weeks for all the due processes to be completed. With the underwriting, processing and loan servicing automated, digital documents are easy to manage and provide better efficiency. Applicants have the advantage of using a fast, transparent and simple process while lenders get more accurate information, save up on time and offer their clients more choices. Talk to your broker on the phone, get their perspective on what plan is best for you then research on it and fill out the application online. Since there are less overhead costs; mortgage lenders are bound to save money with lower fees and flexible terms. To make the process even simpler; some lenders ask you to grant them access to your financial accounts and their software picks up all necessary details required for the application. There is also a mortgage rate calculator on most sites to let you know the amount to be repaid depending on the number of years you deem fit to repay.

How to pick the best online mortgage lender

The trick is to read through the fine print with the terms and conditions, many complaints with digital mortgages arise from the fact that people don’t take time to go through what the lenders require of them. Find an experienced online mortgage broker to take you through the details; don’t just look at the competitive price in the interest rates. There are other charges that may not have been explicitly explained. Talk to the customer service assistants and get to fully understand all policies and packages before putting pen to paper. After your application has been approved; make your payments on time, build your credit score and you will have many options of lenders to choose from in the future. With a digital mortgage, you can track the progress online, get fast response to any queries and simplify your path to being a home owner. Save the trees, get a digital mortgage and help the world get greener.

3 Tips for Creating a Paperless Office


Some decades ago, ‘paperless office’ may have sounded like a myth. But with the innovations in technology, it is now possible to have a paperless office. Here are some tips to achieve that.

ghjhfj54Reduce and discourage the use of paper in offices

You should emphasize the importance of less usage of paper to the employees. This can be done by tracking the number of pages that are printed by every person in the office and generating a monthly report. An individual email can be sent to the employees to alert them about limiting the usage of papers. You can reduce the number of printers in the office so that it becomes inconvenient for employees to print. So, they will start to rely more on the digital medium. You should also request paperless statements from your service providers and banks.

Redesign the major business processes

You should redesign some of the business processes so that they require less usage of papers. One way is to generate reports directly in the PDF format which the employees or management can review on a laptop or other devices instead of printing the report on paper. You should stop signing internal documents physically; use the digital signature instead. In the U.S., a law has been passed that make an electronic signature as valid as a physical signature. Use online notebooks like Google Docs or Evernote to keep notes instead of using papers for writing meeting notes. You should get rid of the fax machine from your office and use fillable PDF forms that can be submitted using email.

Use different software to reduce the usage of paper

Digitized form of information makes searching and storing easier. Now because of cloud technology, it is possible to store huge volume of information in the cloud without the need for large storage devices like data centers. Employees can now easily share information from any computer. Many smartphone apps can help you copy the content of business cards or even produce a digital contract.

Making your office paperless will take some time. You must allow your employees time to adapt to the new work environment. A paperless office will boost productivity and reduce wastage of resources.

4 reasons why people now prefer reading e-books over printed books


Many of the printed books are now found as e-books in many book sites. Even new books are being published in the electronic versions rather than the printed versions. More people are now tempted to read e-books because of the invention of handheld devices like iPad, tablets, and smartphone. Here are four reasons why people now find it more convenient to read e-books rather than the printed forms.



Many books are thick. If you have an unfinished book that you want to finish reading during your travel, then it would be inconvenient to carry such heavy book with you. It will fill up your travel bag and will make your bag heavy. E-books can be read on your tablet or smartphone. So, you can carry thousands of e-books with you without occupying any extra space on your travel bag making your journey inconvenient.


Those people who have the habit of collecting books know how much space they can occupy. Even a whole room full of books may not be enough. With the electronic storages becoming the norm, it is now very easy to store thousands of e-books on your computer or other handheld devices.


As there are no printing costs involved, e-books are cheaper than the printed ones. You can also read many e-books for free.

Night reading

You no longer need to switch on your light at night while reading books. This often disturbs your partner from having a sound sleep. Wth e-book it is possible to read without keeping the lights switched on. There are built-in lights in the laptops and other handheld computer devices. So, you can read the books easily without disrupting anyone’s sleep.

These are the reasons why most people now prefer reading e-books rather than the printed books. In future, it is expected that the number of e-books will be more than the number of printed books.

4 reasons why computers should replace papers


Computers have improved the way we work. It now allows us to work faster than before. Though many people are worried that papers might be replaced altogether by computers, here are the reasons why it will be beneficial to us if such thing does happen.

Less photocopying and printing

In educational institutions, teachers used to write lecture notes, photocopy them and gave them out to the students. Imagine how many papers were needed to hand over lecture notes to a class of fifty students. Later, when the computer was invented, teachers started typing the notes and printing them out instead of writing it by hand. After the invention of Internet, now it is possible to send lecture notes and assignments to students by email or simply uploading them to the university site. The tasks are much faster and convenient now, and less wastage occurs as papers are not getting stacked up.

Save the environment


If all the educational and office works are done electronically without using paper, then less number of trees would be cut for making papers. So, you will save the environment.

Makes learning interactive and fun


Electronic devices like laptop and Ipad has allowed huge information to be stored and accessed from very small devices. These devices have allowed us to move around with information and our work anywhere we go. Now we can communicate with people or do our works even when we are on the road. Learning and doing work has become more interactive and fun.

Saves time

It takes a fraction of a second to send an email to someone now. But in the past, it took days to send a letter. People can now even work from home, conduct teleconferences without the need for traveling to a distant place, and perform everyday operations quicker due to technological innovations. They can now use their smartphones to pay bills, communicate and even work.

So, we can observe that computer technology is slowly replacing papers and our works are becoming faster and more accurate. So, replacing paper with technology will be good for people and the environment as well.