Free Money Saving Auto And Home Loan Tips?Written by Tim Gorman
Continued from page 1 Tip #2 - Choose a 15 year mortgage instead of a 30 year mortgage: You'll end up with a higher monthly payment but in long run you also save tens of thousands of dollars in interest charges, especially if you shop for best home loans you can afford. Tip #3 - Mortgage Refinancing: Currently this is most popular trend. You refinance your mortgage if you can get a rate that is at least one percentage point lower than your existing mortgage rate and plan to keep new mortgage for several years or more. Tip #4 - Buy down rate: The seller or builder, or through innovative pricing, can help you buy down your mortgage rate for one, two, or three years. Tip #5 - Consider an adjustable-rate mortgage (ARM): If you think you will be in your house for less then 5 years then perhaps you should consider an ARM. An adjustable-rate mortgage (ARM) starts with a considerably lower interest rate, but then adjusts every year. This type of loan moves a little bit of risk away from lender, and lender rewards you with a lower rate. Usually these mortgages are capped to rise not more than two percent in any year, and not more than five or six percent for life of loan for your protection.
Timothy Gorman is a successful webmaster and publisher of Military-Loans-Online.com – Which provides free money saving loan quotes on all of your loan needs to include home equity loan information that you can research in your pajamas on his website.
| | What is Permanent Life Insurance?Written by Tim Gorman
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Although permanent life insurance is more expensive than term life insurance there are methods of getting most included in your policy for least amount of money. Don’t just purchase first policy you are offered, as with anything else you purchase shop around for best rates. Purchase an appropriate amount of life insurance; don’t buy an excessive amount if not absolutely necessary. As stated earlier buy insurance while you are young and in optimal health, don’t wait until you find out you have a medical condition and suddenly decide you are not invincible and may need to purchase life insurance after all. If you smoke quit, if you drink do so in moderation. If you are overweight start exercising and watch your diet. If your employer offers life insurance, take it. These group insurance plans often are much cheaper than individual policies and in most cases you may not have to submit to a physical health screening.
Timothy Gorman is a successful Webmaster and publisher of Best-Free-Insurance-Quotes.com. He provides more insurance information and offers free money saving auto, home, health and life insurance quotes that you can research in your pajamas on his website.
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