First Time Buyer's guide

Written by Terri Hickey


Continued from page 1

* Ignorerepparttar decoration. Mauve wallpaper can always be taken down! The important thing is space, andrepparttar 111787 layout ofrepparttar 111788 rooms. Try to see this, notrepparttar 111789 color scheme used byrepparttar 111790 current occupier.

* ALWAYS get a survey. You won't be economising if you don't. In fact, it could berepparttar 111791 most expensive 'money saving' you ever make! A good surveyor will spotrepparttar 111792 things you can't, like damp, sloppy roofwork etc.

* Ultimately,repparttar 111793 old www.mortgagedown.com cliche about 'the place feels right' is true. If you walk in and you don't get that 'wow' feeling, you probably won't enjoy living there.

Remember, as prices are now falling in most parts ofrepparttar 111794 world, it's a buyer's market and you can take your time. You can also put in lowball offers at times like these, and you might be surprised how little negotiation upwards is needed to secure a sale! Good luck with it, and happy house hunting!

Terri consults on mortgages and writes for www.mortgagedown.com the free tips and advice site for first time house buyers.


Be Cautious When Using Your Nest Egg as an ATM

Written by James H. Dimmitt


Continued from page 1

What happened torepparttar era when your home was considered your nest egg to be used only for life-threatening or life-changing events like paying for a child’s wedding or for a medical emergency? And worst of all, many new homeowners are using their home’s equity as another source for financing new debts.

Think twice before using home equity to pay off credit card balances. If you’re already overspending on your credit cards now, what makes you think anything will be different after you pay them off with a loan or line of credit? Many people just wind up deeper in debt or facing bankruptcy because they couldn’t resist charging their cards up again.

Keep this in mind before tapping your home’s equity - Your loan or HELOC is secured by your home. Default onrepparttar 111786 loan and you could lose your house, even if you declare bankruptcy!

The best use for home equity is to make improvements that add value to your home. Remodeling a kitchen or bathroom, adding an extra room or creating a master suite are just a few ofrepparttar 111787 “hot” improvements that can really pay off when it comes time for you to sell.

If your home truly is your nest egg, be smart about how use its equity. Make sure that it fits in with your overall financial plan and golas. Otherwise, you could be left without a nest and justrepparttar 111788 egg!

************************************************************ © 2005, www.yourfreecreditreportnow.com Author: James H. Dimmitt James is editor of "TO YOUR CREDIT", a free weekly newsletter with tips to help you manage your personal finances. Subscribe today and receive his e-book “IDENTITY THEFT- How To Avoid Becoming the Next Victim!” and other free bonuses by visiting http://www.yourfreecreditreportnow.com


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