Home Buyer Beware – Know the Signs of Real Estate Market TroubleWritten by Charles Essmeier
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The foreclosure rate is increasing. The rate increased in March and April over same months last year, suggesting that more buyers may have discovered that they have mortgages on which they cannot make payments. The foreclosure rates are highest in Florida and Texas, which have foreclosure rates that are nearly triple national average. With interest rates near historic lows, mortgages are more likely to become even less affordable as interest rates increase.
What this means for prospective buyers is that they must do even more research before buying a home. Buyers should genuinely consider whether or not they could actually afford to make home payments that include a reduction in principal. If a buyer can’t afford a home without taking out an interest-only loan, buyer probably can’t afford home. Buyers should be suspicious of home appraisals and should, if possible, ask appraiser if they are being pressured to provide a predetermined figure. Every buyer wants his or her home to appraise for at least amount of loan. But current market is one where buyers are straining to make payments on prices that are at record levels. The last thing any buyer wants is to strain to make payments on a mortgage that exceeds value of home. The real estate market is in a precarious state at moment, and prospective buyers should do as much research as possible to make sure that they can both pay for, and keep, their new home.
©Copyright 2005 by Retro Marketing. Charles Essmeier is owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a Website devoted to debt consolidation information and HomeEquityHelp.net, a site devoted to information on home equity loans.
©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a Website devoted to debt consolidation information and HomeEquityHelp.net, a site devoted to information on home equity loans.
| | Business InsuranceWritten by Pank shru
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Deductibles represent amount of money you pay before your insurance policy starts. The higher deductible, less you will have to pay for policy. 2)Buy a package policy Sometimes it can cheaper to buy a package policy instead of buying individual policy or coverage. By purchasing your insurance policies from one company, you may be eligible for discounted rates just as you would if you were taking out homeowners and auto policies for your family. 3)Ask about various ways to prevent loss You may be able to reduce your premium for certain coverages by following your insurer's recommendations. These can include workplace safety, disaster preparation, and human resource intervention. 4)Knowledge of policy coverage You should have full knowledge about policies coverage which you are about to buy. So if any disaster occurs then you will have knowledge regarding insurance coverage. You can save your business from disaster there are many ways to prevent your business from disaster:1)Give Training to your employees in fire safety, particularly those who are responsible for storage areas, housekeeping, maintenance and operations. 2)You should give a thoroughly check to electricity system. You should use modern electrical system. Faulty wires are large percentage of nonresidential fires. So get good quality wires in your business premises 3)Make duplicate copies of both computerized and written records. 4)Do some research before a disaster strikes by finding alternatives like facilities, equipment and supplies, and locating appropriate contractor to repair your facility. 5)Set up an emergency plan and training to employees, how to execute it. These points are to be looked for before signing onto business insurance policies, these are usually written in fine print.
Pank shru writes for Business Insurance .
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