Finance Articles
Develop Your Domain Names
11 Tips On How Not To Get A Mortgage.
Here are a few tips on how _not_ to get a mortgage, and underneath each one, the smart thing to do instead.
1. Don't haggle.
A mortgage or a house is just another consumer product. A few clever words can get a sweeter deal. So haggle!
2. Buy in high-season, when everyone else is.
Buy off-season, usually November, December. You may be able to wangle a 'seasonal discount'. Sales are slow, so mortgage companies and real estate agents will offer better deals.
3. Don't look at the small print.
Companies may offer very low rates upfront, but hide additional costs in the small print. Beware of prepayment penalties.
4. Go for a long term.
Try to keep the term of the mortgage as short as possible. The shorter the term the less you pay in interest. Consider a fifteen or twenty year term.
5. Buy the most expensive property you can (barely) afford.
Resist the urge to splurge. Some lenders will offer up to six times your salary. They're not doing you a favour. Get the minimum the missus will be happy with. Divorces can be triggered by loan defaults.
6. Ignore your credit rating.
Improve your credit rating as much as you can. Pay off old loans, and once they're paid off, check your credit report.
6a. An easy way to build up your credit score is a department store credit card; make a few charges on it, and pay them off ASAP. The idea is to get positive entries on your credit report.
6b. Ensure you pay all your bills on time (or before time); never later than the due date. Pay off credit cards and keep their balances low.
6c. Close unneeded credit card accounts. Close them off _slowly_, not all at once. Keep only two credit cards. These should include your oldest card, as that has the longest credit history.
6d. Open a savings account at your bank.
7. Focus on the APR.
Don't get too caught up in comparing APRs and various special offers; they may not reflect what _you_ will get if you apply. Everything depends on your own financial circumstances.
8. Go with the first flashy company you find.
Something to look out for in any mortgage company is how old it is. Is it newly formed, or has it been around for thirty years?
9. Buy a house on a whim.
Get a full, professional survey of the property. Find out the true value of your home. Get more than one independent appraisal. A survey costs a few hundred quid, versus the hundreds of thousands a house can cost.
10. Ignore your outgoings.
Write up a budget of your monthly expenses; factor in daily, weekly, monthly and yearly outgoings. See how much you can truly afford to put towards repayments.
And ?
11. Rush to take the time-limited-one-time-only-discount-special-offer.
The deal that seems too good to be true probably is. Avoid jumping straight into what could be the biggest purchase of your life. Check it out first.
T. O' Donnell is a credit broker offering UK mortgages ( http://www.tigertom.co.uk/uk-mortgages.shtml ), UK personal loans ( http://www.ttmoney.co.uk/uk-personal-loans.shtml ) and UK secured loans ( http://www.ttmoney.co.uk/uk-secured-loans.shtml ) from the city of London.
Other Article Sites
findabook.com moneycd.info a-mortgage.info
about-lemon-laws.info aboutstudentloans.info
all-about-publishing.info auctions-articles.info bestcollege-university.com bestispconnection.com
biblefolder.com blogger-website.com books-used.info brokers-guide.info buywindows.info cable-dsl.info
career-miner.com carpel-tunnel.info cashinaflash.info cashloanreviews.info casinobell.com chat-house.info
clearmycredit.info collegeloantips.info crones.info depression-articles.info
dirnic.net dishguides.info
divers-below.com expodog.info
financewizz.com fire-insurance.info getgood.info handleit.net
it-idea.info
health-supplies.info hosting-right.com insidealert.com insurance-facts.info jobs-employment.info
justgood.info lookgold.net
lowcost-travel.info money-source.info myhostzone.info numisblog.com
peoplesearchfinder.info pr-articles.info realeas.com
refinancing-guides.info spyware-remove.info
telelot.info the-law.info
toppaid.info travel-deals.info travelcorrect.com wedding-guide-site.com
your-blog.info your-credit.info
Wealth Creation and Mortgage Planning - Two Great Tastes that Taste Great Together
What if I were to tell you that almost everything you have been told about what to do with your home has been absolutely wrong and that one of the worst ways to build wealth is through your home? And what if I further went on to show you that anyone who perpetuates this myth probably is not your best source for accurate financial information?Most of you right now are looking at the byline a couple of times to see if this article is REALLY being written by a mortgage person. Some of you have taken this as final, unequivocal proof that all mortgage people really do sit around a big table of tea cups wearing hats with fractions on them! No you are not in Wonderland but if you keep reading you might find many of you have been for a long time no...
ARGO and Zephyr Introduce TN3270 Connection for Strategic Branch Banking Application
With TN3270E, ARGO clients can realize significant savings through the elimination of the need to maintain dual SNA and IP networks, which can be expensive to support. A large part of this savings comes through the retirement of SNA-based host servers, such as the Microsoft Host Integration Server®, which can still be found in abundance within large banking institutions. TN3270E also affords the use of SSL security, which many banks increasingly require for host access.
ACF Car Finance Moves Out of the Bike Sales and Bike Finance Market
ACF Car Finance, UK car finance provider, has made a strategic business decision to stop selling bikes and bike finance.
Seniors Can Use a Reverse Mortgage to Fund Annuities, Investments, and Insurance Policies
For many seniors in or entering retirement, the prospect of purchasing long-term care, investments or annuities can be cut short by a lack of retirement income. Statistics show that 3 out 4 seniors will have to lower their current standard of living during retirement.
Construction Loan Mortgages Finance Dream Homes and Vacation Properties
Construction loan mortgages can turn a vacant piece of land ? whether in a not-as-yet developed suburban tract, or the wilds of a favourite rural escape ? into a person?s dream home, chalet or vacation retreat Because these loans are the vehicles that turn a person?s vision of where they would like to live, or where they would like to vacation or retire, they are sometimes referred to as ?dream loans?
Easing Your Way Into Homeownership: A Guide To Low Down Payment Mortgage Programs
There's no question about it: Buying a first home is a big financial commitment. In most cases, a home is the largest single purchase an individual or family will make in a lifetime.
When Is An Adjustable Rate Mortgage A Good Idea?
Amid constantly changing reports about the state of the economy, the future of interest rates, and the mortgage lending industry in general, it has become extremely difficult for the average American to decipher such substantial amounts of information. Extracting the high quality, accurate and reliable data from the wealth of propaganda and inaccuracy is an excruciating task. For this reason, most consumers are confused and unclear about what situations would be considered by experts as ?acceptable and appropriate? to obtain an Adjustable Rate Mortgage versus a fixed loan. Here is some information to help you determine whether an ARM would be appropriate for your financial situation.
DeSilva + Phillips, Media Investment Bankers, Announces Completion of Wicks Business Information Sale to Summit Business Media
DeSilva + Phillips, Media Investment Bankers, announced the sale of its client Wicks Business Information, a publishing and professional education company serving financial services, accounting and legal professionals in North America, to Summit Business Media, LLC, a leading business-to-business media and information company serving the insurance, financial and professional services markets.
Benefits of Personal Finance Software
In this age of information, keeping track of your finances does not mean an archaic jumble of ledgers, calculators, and papers filled with calculations in chicken scratch. Now everything can be taken care of on your computer through personal finance software.
Offset Mortgage Providers Are On The Increase
Offset mortgage providers are increasing in number, and it is predicted that offset mortgages will account for 30% of all UK secured lending by 2009.
Venture Capital Consulting Launches to Provide Preparation and Consultation Services for Technology Companies Seeking Angel Investment
Todd Shoemack, a twenty-year veteran in the technology sector, has launched a new company, Venture Capital Consulting (VCC). Headquartered in southern California, VCC provides preparation and consultation services to entrepreneurs in the technology industry who are seeking venture capital, angel investment and small business financing.
Leading Customers Use Cognos Performance Management to Drive Increased Visibility and Control in the Office of Finance: - Cognos Controller and Pla
Cognos(R) (NASDAQ: COGN) (TSX: CSN), the world leader in business intelligence and performance management solutions, today announced that leading organizations worldwide are improving their financial consolidation, reporting and planning processes with Cognos Performance Management solutions.
Different Ways to Borrow Money
There are many different ways to borrow money. Outlined below is a useful guide to some of most common ways of borrowing money.
How To Save Thousands in Interest on Your Home Mortgage!
So you have a mortgage on your home or planning to get one? Here's something to consider if you want to reduce your interest payment and save on thousands of dollars. Consider going in for a bi-weekly mortgage payment plan.
Network Mortgage Services Adds David Lane to its Retail Lending Team
Lynnwood-Based Network Mortgage Services adds to Staff and creates Builder Services Group.
