2
85
0
Millie Zemlak Millie_Zemlak
(NewsUSA) - DigiTrax Entertainment, a pioneer in the music technology industry, brings its artificial intelligence (AI) expertise to the popular hip-hop segment.
With the introduction of KR38R Beats, a unique AI product specifically geared to the hip-hop artist, DigiTrax recognizes the importance of hip-hop music and how it is a great fit for AI technology. The company has paired with Spotlite, a popular and established singing performance app, to create "Rapping with the Robot," a contest for aspiring hip-hop artists.
The contest is scheduled to begin on Thanksgiving Day and end on New Year's Eve.
Prizes include an all-expenses-paid recording session, with professional production and distribution across all major platforms.
"We focused our AI on the most relevant segment of music in today's streaming economy," says Joe Vangieri, CEO of DigiTrax Entertainment.
"Hip-hop beats comprise one out of every three streams, and generate billions in revenue."
The KR38R Beats product is based on the Music Builder program, DigiTrax's unique and innovative technology that helps artists harness the power of artificial intelligence. Artists can feed ideas into the program, which then serves as a composing partner and allows them to create more songs more quickly.
Spotlite is a free, direct-to-fan singing app designed to allow amateur and professional vocalists to sing original music, covers, and karaoke across all musical genres.
"As a fan, you used to go out and buy CDs to support your favorite artist," says Juan Munoz, general manager of Spotlite Media.
"With the change in how fans ingest content, Spotlite has not only allowed fans a new way to directly support their favorite artists, but the fans become the tastemakers. Through our contests, fans tell us who should truly be recognized for their talent," he explains.
Other benefits of using artificial intelligence in creating original hip-hop music include greater profitability and protection for the users under copyright law.
"Because we own both the publishing and the sound recording that our AI has written," Vangieri explains, "this gives us free reign to fully exploit both sides of a song - the publishing and the sound recording."
DigiTrax plans to introduce several more contests in 2019 to showcase the way its technology is transforming how music is created and enjoyed.
For more information about the company and its future business goals, go to digitraxentertainment.com.
Ref: Bands - in Blogs
With the introduction of KR38R Beats, a unique AI product specifically geared to the hip-hop artist, DigiTrax recognizes the importance of hip-hop music and how it is a great fit for AI technology. The company has paired with Spotlite, a popular and established singing performance app, to create "Rapping with the Robot," a contest for aspiring hip-hop artists.
The contest is scheduled to begin on Thanksgiving Day and end on New Year's Eve.
Prizes include an all-expenses-paid recording session, with professional production and distribution across all major platforms.
"We focused our AI on the most relevant segment of music in today's streaming economy," says Joe Vangieri, CEO of DigiTrax Entertainment.
"Hip-hop beats comprise one out of every three streams, and generate billions in revenue."
The KR38R Beats product is based on the Music Builder program, DigiTrax's unique and innovative technology that helps artists harness the power of artificial intelligence. Artists can feed ideas into the program, which then serves as a composing partner and allows them to create more songs more quickly.
Spotlite is a free, direct-to-fan singing app designed to allow amateur and professional vocalists to sing original music, covers, and karaoke across all musical genres.
"As a fan, you used to go out and buy CDs to support your favorite artist," says Juan Munoz, general manager of Spotlite Media.
"With the change in how fans ingest content, Spotlite has not only allowed fans a new way to directly support their favorite artists, but the fans become the tastemakers. Through our contests, fans tell us who should truly be recognized for their talent," he explains.
Other benefits of using artificial intelligence in creating original hip-hop music include greater profitability and protection for the users under copyright law.
"Because we own both the publishing and the sound recording that our AI has written," Vangieri explains, "this gives us free reign to fully exploit both sides of a song - the publishing and the sound recording."
DigiTrax plans to introduce several more contests in 2019 to showcase the way its technology is transforming how music is created and enjoyed.
For more information about the company and its future business goals, go to digitraxentertainment.com.
Ref: Bands - in Blogs
(NewsUSA) - DigiTrax Entertainment, a pioneer in the music technology industry, brings its artificial intelligence (AI) expertise to the popular hip-hop segment.<br />
<br />
With the introduction of KR38R Beats, a unique AI product specifically geared to the hip-hop artist, DigiTrax recognizes the importance of hip-hop music and how it is a great fit for AI technology. The company has paired with Spotlite, a popular and established singing performance app, to create "Rapping with the Robot," a contest for aspiring hip-hop artists.<br />
<br />
The contest is scheduled to begin on Thanksgiving Day and end on New Year's Eve.<br />
<br />
Prizes include an all-expenses-paid recording session, with professional production and distribution across all major platforms.<br />
<br />
"We focused our AI on the most relevant segment of music in today's streaming economy," says Joe Vangieri, CEO of DigiTrax Entertainment.<br />
<br />
"Hip-hop beats comprise one out of every three streams, and generate billions in revenue."<br />
<br />
The KR38R Beats product is based on the Music Builder program, DigiTrax's unique and innovative technology that helps artists harness the power of artificial intelligence. Artists can feed ideas into the program, which then serves as a composing partner and allows them to create more songs more quickly.<br />
<br />
Spotlite is a free, direct-to-fan singing app designed to allow amateur and professional vocalists to sing original music, covers, and karaoke across all musical genres.<br />
<br />
"As a fan, you used to go out and buy CDs to support your favorite artist," says Juan Munoz, general manager of Spotlite Media.<br />
<br />
"With the change in how fans ingest content, Spotlite has not only allowed fans a new way to directly support their favorite artists, but the fans become the tastemakers. Through our contests, fans tell us who should truly be recognized for their talent," he explains.<br />
<br />
Other benefits of using artificial intelligence in creating original hip-hop music include greater profitability and protection for the users under copyright law.<br />
<br />
"Because we own both the publishing and the sound recording that our AI has written," Vangieri explains, "this gives us free reign to fully exploit both sides of a song - the publishing and the sound recording."<br />
<br />
DigiTrax plans to introduce several more contests in 2019 to showcase the way its technology is transforming how music is created and enjoyed.<br />
<br />
For more information about the company and its future business goals, go to digitraxentertainment.com.<br />
<br />
Ref: Bands - in Blogs
Read more
1
61
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Millie Zemlak Millie_Zemlak
(NewsUSA) - It's no surprise that parents today seek books that will delight, engage, and educate their children. However, some parents are seeing gaps in the available options of topics they want to share with their children. To combat this, there is a growing trend of parents who have taken matters into their own hands and turned to self-publishing to fill these holes themselves.
Kindle Direct Publishing (KDP) from Amazon is one self-publishing option that offers editorial freedom and ease of use for busy parents looking to create something that meets their kids' needs.
KDP success stories include Handeep Dhoot (who writes as "Dr. Dhoot"), a mom with a Ph.D. in chemistry who wanted to introduce her young daughter to STEM topics.
Dr. Dhoot has self-published the growing Tinker Toddler series of STEM books aimed at young children, including Machine Learning for Babies & Toddlers.
"Becoming a parent helped me realize the urgency for introducing scientific topics, like STEM, to kids while their brains are still developing. KDP allowed me to self-publish books that portray these ideas in an accurate and digestible way for kids, including my own daughter."
Gabi Garcia, a long-time school counselor and mom, turned to self-publishing when she saw a lack of books for Spanish-speaking and bilingual children about how to understand their emotions and feelings.
"It's so important to engage with children early to discuss mindfulness. Self-publishing on KDP empowered me to take all that I'd learned and seen as a school counselor and make it accessible to more children, in both English and Spanish."
She has published several books on these topics through KDP, including Listening to My Body, published in both English and Spanish. She now writes full-time on mindfulness and social awareness topics for children, parents, and educators.
Brendan Kelso struggled with dyslexia as a child, but found learning and performing dramatic monologues helpful. He enjoyed Shakespeare, but, like many young readers, found the text hard to understand.
After a career in engineering, he became a stay-at-home dad and came up with an idea to write versions of Shakespeare's plays that were more accessible to kids. His loveof theater and writing led him to self-publish several works through KDP, starting with Shakespeare's Hamlet for Kids.
"I have the freedom to spend more time with my family, while pursuing my passion on my own terms with KDP."
These parents have been able to create the books they couldn't find for kids and found financial success - and sometimes a whole new career - in the process.
For those parents who are toying with self-publishing, but still have questions, consider this:
* KDP lets authors set their own prices and retain all rights to their work.
* As an author, you can publish your book in minutes, and these books are available to a worldwide audience through Kindle online stores in 24-48 hours.
* You can publish Kindle eBooks and paperbacks in multiple languages.
Visit kdp.amazon.com for more information about Kindle Direct Publishing.
Ref: Encouraging - in Blogs
Kindle Direct Publishing (KDP) from Amazon is one self-publishing option that offers editorial freedom and ease of use for busy parents looking to create something that meets their kids' needs.
KDP success stories include Handeep Dhoot (who writes as "Dr. Dhoot"), a mom with a Ph.D. in chemistry who wanted to introduce her young daughter to STEM topics.
Dr. Dhoot has self-published the growing Tinker Toddler series of STEM books aimed at young children, including Machine Learning for Babies & Toddlers.
"Becoming a parent helped me realize the urgency for introducing scientific topics, like STEM, to kids while their brains are still developing. KDP allowed me to self-publish books that portray these ideas in an accurate and digestible way for kids, including my own daughter."
Gabi Garcia, a long-time school counselor and mom, turned to self-publishing when she saw a lack of books for Spanish-speaking and bilingual children about how to understand their emotions and feelings.
"It's so important to engage with children early to discuss mindfulness. Self-publishing on KDP empowered me to take all that I'd learned and seen as a school counselor and make it accessible to more children, in both English and Spanish."
She has published several books on these topics through KDP, including Listening to My Body, published in both English and Spanish. She now writes full-time on mindfulness and social awareness topics for children, parents, and educators.
Brendan Kelso struggled with dyslexia as a child, but found learning and performing dramatic monologues helpful. He enjoyed Shakespeare, but, like many young readers, found the text hard to understand.
After a career in engineering, he became a stay-at-home dad and came up with an idea to write versions of Shakespeare's plays that were more accessible to kids. His loveof theater and writing led him to self-publish several works through KDP, starting with Shakespeare's Hamlet for Kids.
"I have the freedom to spend more time with my family, while pursuing my passion on my own terms with KDP."
These parents have been able to create the books they couldn't find for kids and found financial success - and sometimes a whole new career - in the process.
For those parents who are toying with self-publishing, but still have questions, consider this:
* KDP lets authors set their own prices and retain all rights to their work.
* As an author, you can publish your book in minutes, and these books are available to a worldwide audience through Kindle online stores in 24-48 hours.
* You can publish Kindle eBooks and paperbacks in multiple languages.
Visit kdp.amazon.com for more information about Kindle Direct Publishing.
Ref: Encouraging - in Blogs
(NewsUSA) - It's no surprise that parents today seek books that will delight, engage, and educate their children. However, some parents are seeing gaps in the available options of topics they want to share with their children. To combat this, there is a growing trend of parents who have taken matters into their own hands and turned to self-publishing to fill these holes themselves.<br />
<br />
Kindle Direct Publishing (KDP) from Amazon is one self-publishing option that offers editorial freedom and ease of use for busy parents looking to create something that meets their kids' needs.<br />
<br />
KDP success stories include Handeep Dhoot (who writes as "Dr. Dhoot"), a mom with a Ph.D. in chemistry who wanted to introduce her young daughter to STEM topics.<br />
<br />
Dr. Dhoot has self-published the growing Tinker Toddler series of STEM books aimed at young children, including Machine Learning for Babies & Toddlers.<br />
<br />
"Becoming a parent helped me realize the urgency for introducing scientific topics, like STEM, to kids while their brains are still developing. KDP allowed me to self-publish books that portray these ideas in an accurate and digestible way for kids, including my own daughter."<br />
<br />
Gabi Garcia, a long-time school counselor and mom, turned to self-publishing when she saw a lack of books for Spanish-speaking and bilingual children about how to understand their emotions and feelings.<br />
<br />
"It's so important to engage with children early to discuss mindfulness. Self-publishing on KDP empowered me to take all that I'd learned and seen as a school counselor and make it accessible to more children, in both English and Spanish."<br />
<br />
She has published several books on these topics through KDP, including Listening to My Body, published in both English and Spanish. She now writes full-time on mindfulness and social awareness topics for children, parents, and educators.<br />
<br />
Brendan Kelso struggled with dyslexia as a child, but found learning and performing dramatic monologues helpful. He enjoyed Shakespeare, but, like many young readers, found the text hard to understand.<br />
<br />
After a career in engineering, he became a stay-at-home dad and came up with an idea to write versions of Shakespeare's plays that were more accessible to kids. His loveof theater and writing led him to self-publish several works through KDP, starting with Shakespeare's Hamlet for Kids.<br />
<br />
"I have the freedom to spend more time with my family, while pursuing my passion on my own terms with KDP."<br />
<br />
These parents have been able to create the books they couldn't find for kids and found financial success - and sometimes a whole new career - in the process.<br />
<br />
For those parents who are toying with self-publishing, but still have questions, consider this:<br />
<br />
* KDP lets authors set their own prices and retain all rights to their work.<br />
<br />
* As an author, you can publish your book in minutes, and these books are available to a worldwide audience through Kindle online stores in 24-48 hours.<br />
<br />
* You can publish Kindle eBooks and paperbacks in multiple languages.<br />
<br />
Visit kdp.amazon.com for more information about Kindle Direct Publishing.<br />
<br />
Ref: Encouraging - in Blogs
Read more
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90
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Vanessa Leannon Vanessa_Leannon
Category: Photography - in Blogs
<br />
<br />
<span style='display:none' class='DO NOT REMOVE - THIS CATEGORY CODE WILL BE HIDDEN - IT IS NEEDED TO BE FOUND BY CATEGORY AND ONE-CLICK SEARCH'>Category: Photography - in Blogs</span>
Read more
2
70
0
0
Millie Zemlak Millie_Zemlak
(NewsUSA) - It's no secret that shopping for holiday gifts can be overwhelming.
The answer to alleviating the stress of thoughtful gift giving comes in a cardboard box.
Seriously.
Subscription box services are popular options for a "gift that keeps on giving," providing a personalized experience delivered safely every month.
In fact, in a survey conducted by the Paper and Packaging Board from August 2015 to November 2016, 82 percent of those surveyed agreed that they could rely on corrugated cardboard boxes to get their merchandise shipped and delivered safely. And 60 percent feel that products that come in paper-packaging tend to feel more premium.
Innovations in box and packaging design allow these boxes to delight well past delivery with extended use and upcycling options.
Find the perfect gift for your loved one this season with one of these favorites:
* KiwiCo (Kiwico.com):
For the Kid Who Is Going to Run the World.
KiwiCo develops monthly STEAM educational hands-on projects and activities to spark curiosity and creativity in kids aged 0-16+.
Each eco-friendly corrugated box is filled with interactive projects to fit a child's respective age group. As your child or loved one grows, so do the boxes!
* Loot Crate (LootCrate.com): For the Pop-Culture Obsessed.
Loot Crate is a pop culture- themed subscription box featuring a changing monthly theme that covers all fandoms.
These corrugated boxes hit every interest from video games to television and movies. Loot Crate offers an additional perk - the box is part of the monthly theme itself, which is to say, the box transforms into a "bonus" gift with some simple cuts and folds. You have to see it to believe it.
* Graze (Graze.com) - For the Foodie.
Graze is a subscription box that uses high-quality, nutritionist- approved ingredients to provide wholesome snacks. Graze uses responsibly resourced paper-based packaging to ensure that its products are safe and fresh for consumption.
Foodies can subscribe for weekly, bi-weekly or monthly deliveries of personalized Graze boxes based on their custom-snack profile.
*KitNipBox (KitNipBox.com): For the Cat Lover.
KitNipBox is uniquely themed so cats (and their humans!) have something fresh, fun and new to look forward to each month. The design of the box, which can be recycled, is specifically made to fit 95 percent of cats, so they can play with the box and fit inside of it.
Additionally, KitNipBox uses specially designed crinkling tissue paper in the boxes, so that the unwrapping experience is even more special for cats and their owners.
* Cratejoy (Cratejoy.com):
For Everyone.
Cratejoy is the world's premier subscription box website, providing a global marketplace of products.
Cratejoy offers a vast selection of uniquely crafted corrugated boxes suited to virtually any hobby, interest or taste.
Gifting a subscription box service is an easy yet thoughtful option for anyone on your shopping list! Unbox an experience that will last long past this holiday season. Find out more by visiting HowLifeUnfolds.com
Click here to view video.
Ref: Giveaways - in Blogs
The answer to alleviating the stress of thoughtful gift giving comes in a cardboard box.
Seriously.
Subscription box services are popular options for a "gift that keeps on giving," providing a personalized experience delivered safely every month.
In fact, in a survey conducted by the Paper and Packaging Board from August 2015 to November 2016, 82 percent of those surveyed agreed that they could rely on corrugated cardboard boxes to get their merchandise shipped and delivered safely. And 60 percent feel that products that come in paper-packaging tend to feel more premium.
Innovations in box and packaging design allow these boxes to delight well past delivery with extended use and upcycling options.
Find the perfect gift for your loved one this season with one of these favorites:
* KiwiCo (Kiwico.com):
For the Kid Who Is Going to Run the World.
KiwiCo develops monthly STEAM educational hands-on projects and activities to spark curiosity and creativity in kids aged 0-16+.
Each eco-friendly corrugated box is filled with interactive projects to fit a child's respective age group. As your child or loved one grows, so do the boxes!
* Loot Crate (LootCrate.com): For the Pop-Culture Obsessed.
Loot Crate is a pop culture- themed subscription box featuring a changing monthly theme that covers all fandoms.
These corrugated boxes hit every interest from video games to television and movies. Loot Crate offers an additional perk - the box is part of the monthly theme itself, which is to say, the box transforms into a "bonus" gift with some simple cuts and folds. You have to see it to believe it.
* Graze (Graze.com) - For the Foodie.
Graze is a subscription box that uses high-quality, nutritionist- approved ingredients to provide wholesome snacks. Graze uses responsibly resourced paper-based packaging to ensure that its products are safe and fresh for consumption.
Foodies can subscribe for weekly, bi-weekly or monthly deliveries of personalized Graze boxes based on their custom-snack profile.
*KitNipBox (KitNipBox.com): For the Cat Lover.
KitNipBox is uniquely themed so cats (and their humans!) have something fresh, fun and new to look forward to each month. The design of the box, which can be recycled, is specifically made to fit 95 percent of cats, so they can play with the box and fit inside of it.
Additionally, KitNipBox uses specially designed crinkling tissue paper in the boxes, so that the unwrapping experience is even more special for cats and their owners.
* Cratejoy (Cratejoy.com):
For Everyone.
Cratejoy is the world's premier subscription box website, providing a global marketplace of products.
Cratejoy offers a vast selection of uniquely crafted corrugated boxes suited to virtually any hobby, interest or taste.
Gifting a subscription box service is an easy yet thoughtful option for anyone on your shopping list! Unbox an experience that will last long past this holiday season. Find out more by visiting HowLifeUnfolds.com
Click here to view video.
Ref: Giveaways - in Blogs
(NewsUSA) - It's no secret that shopping for holiday gifts can be overwhelming.<br />
<br />
The answer to alleviating the stress of thoughtful gift giving comes in a cardboard box.<br />
<br />
Seriously.<br />
<br />
Subscription box services are popular options for a "gift that keeps on giving," providing a personalized experience delivered safely every month.<br />
<br />
In fact, in a survey conducted by the Paper and Packaging Board from August 2015 to November 2016, 82 percent of those surveyed agreed that they could rely on corrugated cardboard boxes to get their merchandise shipped and delivered safely. And 60 percent feel that products that come in paper-packaging tend to feel more premium.<br />
<br />
Innovations in box and packaging design allow these boxes to delight well past delivery with extended use and upcycling options.<br />
<br />
Find the perfect gift for your loved one this season with one of these favorites:<br />
<br />
* KiwiCo (Kiwico.com):<br />
<br />
For the Kid Who Is Going to Run the World.<br />
<br />
KiwiCo develops monthly STEAM educational hands-on projects and activities to spark curiosity and creativity in kids aged 0-16+.<br />
<br />
Each eco-friendly corrugated box is filled with interactive projects to fit a child's respective age group. As your child or loved one grows, so do the boxes!<br />
<br />
* Loot Crate (LootCrate.com): For the Pop-Culture Obsessed.<br />
<br />
Loot Crate is a pop culture- themed subscription box featuring a changing monthly theme that covers all fandoms.<br />
<br />
These corrugated boxes hit every interest from video games to television and movies. Loot Crate offers an additional perk - the box is part of the monthly theme itself, which is to say, the box transforms into a "bonus" gift with some simple cuts and folds. You have to see it to believe it.<br />
<br />
* Graze (Graze.com) - For the Foodie.<br />
<br />
Graze is a subscription box that uses high-quality, nutritionist- approved ingredients to provide wholesome snacks. Graze uses responsibly resourced paper-based packaging to ensure that its products are safe and fresh for consumption.<br />
<br />
Foodies can subscribe for weekly, bi-weekly or monthly deliveries of personalized Graze boxes based on their custom-snack profile.<br />
<br />
*KitNipBox (KitNipBox.com): For the Cat Lover.<br />
<br />
KitNipBox is uniquely themed so cats (and their humans!) have something fresh, fun and new to look forward to each month. The design of the box, which can be recycled, is specifically made to fit 95 percent of cats, so they can play with the box and fit inside of it.<br />
<br />
Additionally, KitNipBox uses specially designed crinkling tissue paper in the boxes, so that the unwrapping experience is even more special for cats and their owners.<br />
<br />
* Cratejoy (Cratejoy.com):<br />
<br />
For Everyone.<br />
<br />
Cratejoy is the world's premier subscription box website, providing a global marketplace of products.<br />
<br />
Cratejoy offers a vast selection of uniquely crafted corrugated boxes suited to virtually any hobby, interest or taste.<br />
<br />
Gifting a subscription box service is an easy yet thoughtful option for anyone on your shopping list! Unbox an experience that will last long past this holiday season. Find out more by visiting HowLifeUnfolds.com<br />
<br />
Click here to view video.<br />
<br />
Ref: Giveaways - in Blogs
Read more
0
96
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Millie Zemlak Millie_Zemlak
(NewsUSA) - Owning a home is a huge investment, and once they've owned long enough to build up equity, many homeowners opt to leverage the equity for other uses. But if you're on the fence about taking on another monthly loan payment, an option that may be right for you is co-investing.
With a home equity loan, you borrow against the equity in your home and receive a lump sum of money that you have to pay back each month over a specified term - commonly 15 years. The interest rate is usually fixed, but is typically higher than your primary mortgage.
Co-investing offers an alternative to traditional home equity loans. In a nutshell, the co-investing company pays the homeowner an upfront amount, with no repayments for a set number of years, or until the home is sold, whichever comes first. There may also be an option to buy the company out, after a minimum restriction period passes. This option can be ideal for a homeowner who wants access to cash without the added financial burden of monthly loan payments, who has lived in a home long enough to build up some equity, and plans to stay at least another five years.
Unison, a San-Francisco-based real estate company, is a leader in the growing field of co-investment. Unison offers homeowners a cash payment of up to 17.5 percent of their home's current market value. When the house is sold or 30 years pass, the owner pays Unison an amount equal to the initial co-investment, plus (or minus) a percentage of the home's appreciated (or depreciated) value.
Here's an example: A homeowner whose home is currently worth $500,000 and who needed $25,000 in cash (5 percent of the home's value) would repay an amount equal to $25,000 plus 25 percent* of the amount the house appreciates in value during the time of the co-investment. With a larger co-investment, the company receives a larger share of the appreciation in value.
Homeowners can use their cash for anything, but Unison recommends something of long-term value, such as kids' college tuition, medical expenses, home remodeling, or investing in diverse stocks and bonds.
Other benefits of co-investing: Keeping gains from remodeling work and keeping the equity built from prompt mortgage payments.
Being a good candidate for homeowner co-investing is not so different from being a good homeowner generally. Unison requires that homeowners keep the home as their primary residence; stay current on payments for mortgages, property tax, and homeowners' insurance; keep the home well-maintained to retain and increase value; and keep Unison informed of issues, such as remodeling plans or emergencies, such as natural disasters, bankruptcy, or plans to sell the home.
To find out how Unison can help you get the most out of homeownership, visit unison.com.
*This is a possible percentage for illustrative purposes. The actual percentage varies based on the specific HomeOwner transaction.
Ref: Housework - in Blogs
With a home equity loan, you borrow against the equity in your home and receive a lump sum of money that you have to pay back each month over a specified term - commonly 15 years. The interest rate is usually fixed, but is typically higher than your primary mortgage.
Co-investing offers an alternative to traditional home equity loans. In a nutshell, the co-investing company pays the homeowner an upfront amount, with no repayments for a set number of years, or until the home is sold, whichever comes first. There may also be an option to buy the company out, after a minimum restriction period passes. This option can be ideal for a homeowner who wants access to cash without the added financial burden of monthly loan payments, who has lived in a home long enough to build up some equity, and plans to stay at least another five years.
Unison, a San-Francisco-based real estate company, is a leader in the growing field of co-investment. Unison offers homeowners a cash payment of up to 17.5 percent of their home's current market value. When the house is sold or 30 years pass, the owner pays Unison an amount equal to the initial co-investment, plus (or minus) a percentage of the home's appreciated (or depreciated) value.
Here's an example: A homeowner whose home is currently worth $500,000 and who needed $25,000 in cash (5 percent of the home's value) would repay an amount equal to $25,000 plus 25 percent* of the amount the house appreciates in value during the time of the co-investment. With a larger co-investment, the company receives a larger share of the appreciation in value.
Homeowners can use their cash for anything, but Unison recommends something of long-term value, such as kids' college tuition, medical expenses, home remodeling, or investing in diverse stocks and bonds.
Other benefits of co-investing: Keeping gains from remodeling work and keeping the equity built from prompt mortgage payments.
Being a good candidate for homeowner co-investing is not so different from being a good homeowner generally. Unison requires that homeowners keep the home as their primary residence; stay current on payments for mortgages, property tax, and homeowners' insurance; keep the home well-maintained to retain and increase value; and keep Unison informed of issues, such as remodeling plans or emergencies, such as natural disasters, bankruptcy, or plans to sell the home.
To find out how Unison can help you get the most out of homeownership, visit unison.com.
*This is a possible percentage for illustrative purposes. The actual percentage varies based on the specific HomeOwner transaction.
Ref: Housework - in Blogs
(NewsUSA) - Owning a home is a huge investment, and once they've owned long enough to build up equity, many homeowners opt to leverage the equity for other uses. But if you're on the fence about taking on another monthly loan payment, an option that may be right for you is co-investing.<br />
<br />
With a home equity loan, you borrow against the equity in your home and receive a lump sum of money that you have to pay back each month over a specified term - commonly 15 years. The interest rate is usually fixed, but is typically higher than your primary mortgage.<br />
<br />
Co-investing offers an alternative to traditional home equity loans. In a nutshell, the co-investing company pays the homeowner an upfront amount, with no repayments for a set number of years, or until the home is sold, whichever comes first. There may also be an option to buy the company out, after a minimum restriction period passes. This option can be ideal for a homeowner who wants access to cash without the added financial burden of monthly loan payments, who has lived in a home long enough to build up some equity, and plans to stay at least another five years.<br />
<br />
Unison, a San-Francisco-based real estate company, is a leader in the growing field of co-investment. Unison offers homeowners a cash payment of up to 17.5 percent of their home's current market value. When the house is sold or 30 years pass, the owner pays Unison an amount equal to the initial co-investment, plus (or minus) a percentage of the home's appreciated (or depreciated) value.<br />
<br />
Here's an example: A homeowner whose home is currently worth $500,000 and who needed $25,000 in cash (5 percent of the home's value) would repay an amount equal to $25,000 plus 25 percent* of the amount the house appreciates in value during the time of the co-investment. With a larger co-investment, the company receives a larger share of the appreciation in value.<br />
<br />
Homeowners can use their cash for anything, but Unison recommends something of long-term value, such as kids' college tuition, medical expenses, home remodeling, or investing in diverse stocks and bonds.<br />
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Other benefits of co-investing: Keeping gains from remodeling work and keeping the equity built from prompt mortgage payments.<br />
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Being a good candidate for homeowner co-investing is not so different from being a good homeowner generally. Unison requires that homeowners keep the home as their primary residence; stay current on payments for mortgages, property tax, and homeowners' insurance; keep the home well-maintained to retain and increase value; and keep Unison informed of issues, such as remodeling plans or emergencies, such as natural disasters, bankruptcy, or plans to sell the home.<br />
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To find out how Unison can help you get the most out of homeownership, visit unison.com.<br />
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*This is a possible percentage for illustrative purposes. The actual percentage varies based on the specific HomeOwner transaction.<br />
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