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[18 May 2006 | No Comment | 330 views]

Not many people know a lot about home loan rates, even some who have purchased or refinanced their mortgages before.
In most cases this applies to people who do not take the time and effort to know more about interest rates for their home loans. These people may be busy executives who are involved in investment properties, or home buyers who do not know that it is important for them to know more about interest rates for their home loans. This also applies to some home buyers who get their mortgage brokers or advisors to process their applications on their behalf, and the advisors do not explain the loan terms and interest rates to their clients.
It is very important for home buyers to know all the details about the home loans, including interest rates.
There are a lot of lenders available who offer various packages of home loans with many different aspects …

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[18 May 2006 | No Comment | 566 views]

When you’re choosing a home loan, there are two big decisions you need to make, namely whether to take a fixed interest rate or an adjustable interest rate mortgage.
It is important for you to be aware of what these different type of home loan interest rates encompass and also know which one would be suitable to your needs and circumstances.
Fixed-Rate Mortgage1. A fixed-rate mortgage is a mortgage with an interest rate that is fixed for the life of the loan and the debt is amortized, or paid in equal monthly installments for the entire amortization period, be it 30 years, 15 years, or 20 years.
2. What are the advantages for a fixed-rate mortgage? The main advantage is that you know precisely how much each repayment will be over the long term. Even if market interest rate rise, you can lock in lower rates.
3. This type of a loan is suitable …

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[18 May 2006 | No Comment | 540 views]

While deciding on the right lender, one should address the following questions: Does it really matter where you get your first mortgage? What is the difference between different types of lenders, and how does that impact on the mortgage you can get?
The lender you select can make all the difference in whether you get a mortgage, or whether you get the best mortgage that is suitable for you and whether the process is smooth or stressful.
Basically, you need to choose a lender who has significant experience helping first-time buyers. A lender who offers a wide range of loan types and packages is also ideal because it means that he will be able to offer you a loan that is suited to your needs. It is also important that the lender offer competitive rates.
So, when considering a home loan center to have a home loan deal with, the first step you …

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[18 May 2006 | No Comment | 549 views]

Getting yourself a home loan calculator is the first step you need to take if you want to get the best type of loan. Many homebuyers however do not realize this is an important first step – and they make the mistake of going ahead and look at houses for sale and talk to realtors without getting a home loan calculator first.
Why is it important to consult with your home loan calculator first and foremost?The amount of money you have available for down payment impacts on all aspects of buying a home, namely how you write your purchase offer and the home loan programs you qualify for. A home loan calculator is a very useful tool which tells you what you can afford, which you need to know before you start to look for your dream home.
Use A Home Loan Calculator To Decide Upon The Right Mortgage ProgramsWith the home …

World »

[18 May 2006 | No Comment | 427 views]

Mortgages are the single most intimidating aspect of owning a home. If you don’t understand how they work and know the terminology how will find a good deal for your home? A free mortgage guidebook can help.
Information should be free. This has been the defining principal of the Internet since before Al Gore took credit for inventing it. Knowing where to find the information and filtering out the garbage from people trying to sell you can be difficult. Fortunately, mortgage information can be easily found online. Everything you need to know about mortgages and mortgage refinancing is just a keystroke away.
A good mortgage guidebook will teach you how to tune up your credit, put some money in the bank, shop for lenders, explain mortgage lingo, and show you common pitfalls to avoid. These pitfalls include not protecting your credit while shopping for a mortgage lender, and falling victim to predatory …

World »

[18 May 2006 | No Comment | 411 views]

Doing your homework and shopping from a variety of mortgage lenders and brokers will save you thousands of dollars over the life of your mortgage. Here is a basic primer of mortgages and mortgage terminology.
A mortgage is basically a loan secured by your home. The lender charges you interest at a specified rate for use of their money. This interest rate can be fixed at a certain percentage for the duration of the loan, or it can be an adjustable interest rate. if you choose a loan with an adjustable interest rate your lender will periodically change the amount of interest rate it charges you at regular specified intervals. The interest rate you will be charged will be tied to some index, such as the prime interest rate for example, plus a premium amount charged by your lender.
The term of your mortgage is the duration the lender grants you to …

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[18 May 2006 | No Comment | 413 views]

The Internet has changed all aspects of the home buying process, including the way we shop for mortgages and choose lenders.
In the early days of online mortgage lenders, there were few choices and plenty of shady practitioners. But today you have many more options, and government regulation has helped limit the number of “predatory” lenders using the Internet.
Still, it pays to be informed and to do plenty of research. Here then are some of the pros and cons of online mortgage shopping.
Online Mortgage Shopping – Advantages
Shopping for a home mortgage online lets you compare many loans at once. Before the Internet, the only way to do this was to make a lot of phone calls and office visits!
Another advantage is that you can do your research and make inquiries anytime day or night. So if you work full time, you can do your mortgage homework in the evening (when an …

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[17 May 2006 | No Comment | 328 views]

My credit repair tips are simple yet they provide ways to help you repair your credit without having to give up your lifestyle!
Before I offer you my credit repair information though, I must tell you that not knowing your current debt situation, this solution may not work for everyone. I’m not a professional credit counsellor or financial advisor, so by saying this, I wish that you take my tips as a stepping stone, however, please make sure you research and get all the facts before attempting any of my ideas.
I highly recommend that you contact your local credit bureau, and have them provide you a history of your credit reports. By contacting Equifax, which is one of the report bureaus that will have your information, they will give you a good understanding where you stand if you know you have credit problems.
Depending on how good or bad your credit reports …

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[17 May 2006 | No Comment | 413 views]

In this article you will gain tips on how to reduce debts
If you have debts at present, you know the hardship and emotional pain that they can cause to yourself and your family. What can be done o change the situation?
This is what you must do;
• You need to get the big picture. Clarity is everything in life. Do you know dates and amounts for income and dates and amounts for expenses?
• Are you living within your means? Your income has to be more than your expenses. This will enable you to have more control on your finances.
• Are you prioritising your spending? Is your house payment, food, clothing, gas, electricity, water, petrol for the car; is these first on your list?
• Make a zero based budget, a plan of all your expenses on a monthly basis.
• Cut up all credit cards and only use a debit card if you …

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[17 May 2006 | No Comment | 433 views]

Believe it or not, I’ve been in debt. BIG DEBT. I mean, there were times when I would look for things to sell just to pay the bills.
It was the worst feeling in the world!
I always had stacks of unpaid bills, creditors calling me and a real uneasy feeling in my stomach. And I wasn’t the only one. It seemed like everyone I knew had the same problem. The truth is, debt has reached epic proportions in our society. Whether you’re rich, poor, or somewhere in the middle, chances are you’ve got debt that’s working against your dreams of financial independence.
But it doesn’t have to be that way. In fact, I want you to take some action today to start getting out of debt. You’ll be AMAZED at how much better you feel when you don’t have bills hanging over your head. (And you don’t have to win the Power …