Mortgage - Thursday, July 3, 2008 8:24 - 0 Comments

Secrets Lenders Don’t Want You to Know!

The right or wrong decision when signing your home mortgage can mean thousands of dollars difference in interest paid. There are very important considerations to evaluate before you commit to a 15 or 30 year note. For many of us our mortgage payment is the most important financial decision we’ll ever make. Doesn’t it make sense to know as much as possible about the financing of our home? Take the time to thoroughly investigate all of your options!

Unbelievably, many of us sign the first mortgage placed in front of us. Typically the excitement of the new home purchase reduces the mortgage to not much more than an afterthought. What you read here could save you hundreds or even thousands of dollars. Your real estate professional has established relationships with the top lenders in your area. By aligning yourself with a professional agent you ensure that all the financial steps are taken care of properly and economically.

Utilize a Lender With Established Ties to an Agent - Lenders are much more flexible with the real estate agents who have done business with them previously. This relationship then establishes them as a team. The lender and agent work effectively together, referring each other business. That’s why a good agent can make substantial difference in setting up the most economical financing. And the right financing can, literally, save you tens of thousands of dollars over the life of your loan!
Don’t Attempt Paperwork Alone - All the paperwork required to complete the purchase of a home can be quite intimidating and frustrating for a home buyer. Make sure you have your lenders help you with all the paperwork. Get help from your team, your lender and agent. Their expertise will help alleviate the stress and it will prove to be invaluable before you sign your mortgage. Continue…

More In

Mortgage

Credit Cards - Jun 30, 2008 11:05 - 0 Comments

How many credit cards should you have?

Many people are afraid to have multiple cards. Some are afraid that they’ll lose track of the different bills each month and fall behind on their payments. Others fear that the temptation of high credit limits will entice them to overspend. And some people fear that creditors, upon seeing multiple open credit lines, will be less likely to lend them money because the creditors suspect they’re more likely to fall into debt.

Americans seem to be split on the issue of having one credit card or multiple cards — in fact, 51 percent of the U.S. population has two or more credit cards, according to the Center for Media Research.

Emily Davidson, a credit expert with Credit.com, says people often ask, “What’s the magic number of credit cards I should have?” According to Davidson, there is no clear-cut answer. “You should have as many cards as you feel you can manage responsibly.”

For responsible people, however, there are a number of benefits to having multiple credit cards.

More In Uncategorized

Credit Cards