Setting Financial Goals - Part 2

Written by Tim Gorman


Continued from page 1
As we stated before you will need to accurately identify what your financial goals are in order to have them come true. You will need to identifyrepparttar necessary steps that need to be taken in order to achieve your goals. Examples of such steps includerepparttar 144732 following: ·Start placing 5% or 10% of your paycheck in a savings account. ·Educate yourself on different investment strategies such as IRA’s, stocks, mutual funds and various other personal investments. There are many more and all can assist you in short and long term goals. ·Make a budget for yourself that leaves you with some extra money (rememberrepparttar 144733 5% or 10%) and stick to it. ·Take every opportunity to use coupons. It seems like small savings, but when added together you could save 20-30 dollars at each trip torepparttar 144734 grocery store. ·Shop around for bargains and do not live outside of your means. ·Work with a credit counselor to get help in lowering your monthly expenses and get rid of your debt.

These are just some ofrepparttar 144735 things that you can do in order to realize your financial goals. If you truly set your mind to it and visualizerepparttar 144736 successful completion of your goals you will find that they are more attainable inrepparttar 144737 long run.

Timothy Gorman is a successful webmaster and publisher of Best-Free-Insurance-Quotes.com. He provides insurance information and offers discount auto, life and home insurance that you can research in your pajamas on his website


Be Prepared With Your Home Equity Loan Checklist?

Written by Tim Gorman


Continued from page 1

Remember those pesky closing costs when you first bought your house? Well there back in force when you apply for a home equity loan. They include but are not limited torepparttar following: Up-front charges, such as one or more points (one point equals 1 percent ofrepparttar 144731 credit limit), application fees, appraisal fees and closing costs, including fees for attorneys, title search, and mortgage preparation and filing; property and title insurance; and taxes.

Once recommendation before applying for a loan would be to have a plan in place describing how you intend to payrepparttar 144732 loan back. Some plans set minimum payments that cover a portion ofrepparttar 144733 principal plus accrued interest. Other plans may allow payment of interest alone duringrepparttar 144734 life ofrepparttar 144735 plan, which means that you pay nothing towardrepparttar 144736 principal. If you borrow $10,000, you will owe that amount whenrepparttar 144737 plan ends. You’ll need to be aware ofrepparttar 144738 possibility of a balloon payment. This means whatever your payment arrangements duringrepparttar 144739 life ofrepparttar 144740 plan--whether you pay some, a little, or none ofrepparttar 144741 principal amount ofrepparttar 144742 loan--whenrepparttar 144743 plan ends you may have to payrepparttar 144744 entire balance owed, all at once. Failure to completerepparttar 144745 loan arrangement by makingrepparttar 144746 balloon payment could result inrepparttar 144747 forfeiture of your house.

Finallyrepparttar 144748 federal Truth in Lending Act requires lenders to discloserepparttar 144749 important terms and costs of their home equity plans, includingrepparttar 144750 APR, miscellaneous charges,repparttar 144751 payment terms, and information about any variable-rate feature. You usually get these disclosures when you receive an application form, and you will get additional disclosures beforerepparttar 144752 plan is opened.

These simple guidelines were meant to provide you some additional information withrepparttar 144753 hopes of making you more comfortable and aware ofrepparttar 144754 issues involved when applying for a home equity loan.

Timothy Gorman is a successful webmaster and publisher of Military-Loans-Online.com. He provides more free loan information that you can research in your pajamas and money saving loan quotes on all of your loan needs to include home equity loan information


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