Home Buyers Face Decisions that Affect Their Long-Term Financial Picture

Written by Mical Johnson


Continued from page 1

It is highly unlikely that a qualified loan originator whose business is based upon referrals will use unscrupulous tactics such as this to get new customers inrepparttar door!

Once you have found a mortgage consultant that you feel comfortable working with, lay your goals out onrepparttar 137647 table because it will have a tremendous impact on choosing a loan program that meets your specific needs. One ofrepparttar 137648 most important factors to consider is how long you wish to borrowrepparttar 137649 money for. For example, if you know you will only be inrepparttar 137650 home for five years, it wouldn’t make sense to opt for a 30-year loan program or pay points up front to secure a lower interest rate. You would not be inrepparttar 137651 home long enough to benefit from such action.

Your mortgage consultant should be able to narrow down a selection of programs based onrepparttar 137652 information that you have provided, and present you with an easy-to-read spreadsheet that clearly defines viable options for your interest rate and amortization schedule, monthly payment and any potential savings you may realize by paying points up front.

Moreover, a reputable loan originator will not hesitate to share this information with your tax consultant or financial planner so they may offer additional feedback on your behalf.

Home ownership imparts a rewarding vehicle for building wealth and a strong financial future. The mortgage consultant that you choose should be there not only when your loan closes, but should also provide you with ongoing service to assist you in managing that debt over time.



Mical Johnson is affiliated with Rock Financial, Inc., a Licensed Correspondent Mortgage Lender, Florida Department of Finance. Mr. Johnson hosts Home Buyer’s Seminars which are open to the public each month in the TampaBay area in Florida. Seating is limited. To reserve your seat at the next event, call 813-833-2568 to RSVP and obtain a free copy of Mr. Johnson’s Home Buyer Handbook.


Useful Tips on Saving

Written by John Mussi


Continued from page 1

Here are some tips for avoiding credit card debt:

Put awayrepparttar plastic:

Don't use a credit card unless your debt is at a manageable level and you know you'll haverepparttar 137622 money to payrepparttar 137623 bill when it arrives.

Know what you owe:

It's easy to forget how much you've charged on your credit card. Every time you use a credit card, write down how much you have spent and figure out how much you'll have to pay that month.

Pay offrepparttar 137624 card withrepparttar 137625 highest rate:

If you've got unpaid balances on several credit cards, you should first pay offrepparttar 137626 card that chargesrepparttar 137627 highest rate. Pay as much as you can toward that debt each month until your balance is once again zero, while still payingrepparttar 137628 minimum on your other cards.

You may freely reprint this article providedrepparttar 137629 author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.


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