It stands to reason: refinance at a lower interest rate, and your monthly payments will most likely decrease. Lower payments mean better cash flow and an opportunity to save or invest the surplus.
While you’ll probably pay more for a 30-year fixed rate, there are advantages to refinancing your ARM and improving your terms. Foremost is the stability of know exactly how much you’ll pay each month of the life of the loan. Fixing your rate also provides a buffer, should unforeseen economic factors send interest rates skyward. If you feel uncertain about the future of rates but know you’ll be in your home for more than 7 years, switching to a fixed-rate mortgage could be the smart move.
During the next refinancing boom, homeowners will be afforded a special opportunity to make a radical change in what is probably their largest investment: the home mortgage. As with any investment, researching your options and weighing the pros and cons are essential to making an informed decision.
Used for a variety of tasks, a telescopic boom lift is almost a mix between a crane and a traditional cherry picker. A platform is perched on the end of an extendable boom, allowing users to access areas at great heights with ease and relative safety.
In areas that are difficult to reach the telescopic boom lift comes into its own. A ladder isn’t long (or practical) enough and a cherry picker not large enough, that’s when you’ll need to call in the telescopic boom.
Due to its incredible reach and strong, sturdy base, it is the perfect platform for reaching heights that would otherwise prove impossible. Used to gain external access to large buildings, overhead cables or high level building works, the simplicity of its function does little to undermine its fantastic usability.
They are often used by councils and are very similar to the style of platform used by some fire departments. As the name suggests, the boom can be extended to various lengths to accommodate specific requirements. Of course different models will feature varying specifications, but they tend to have a reach that outstrips any other form of powered access available.
So how do they get from place to place?
Well, telescopic boom lifts tend to be highly transportable. Where they have to operate in areas where access and terrain may be challenging, they have been specially built to accommodate these issues and be able to get you in closer.
The boom lift itself sits on a truck of sorts. It will usually be a 4 wheeled drive all terrain style vehicle, although in the most part it will only be used to drive around the site (you won’t see many charging up and down the motorways for instance). This makes it ideal for manoeuvring it into position and providing a strong sturdy base from which to launch the platform.
How do you angle the platform?
The telescopic boom itself juts out straight and can have the angle of trajectory altered at the base. Often there will be some kind of pivot when fully extended, allowing the operator to move the platform up and down as required.
The whole thing is controlled by a panel on the platform itself, allowing users to easily operate and adjust their position remotely.