4 things to watch out for when choosing a mortgage companyWritten by Bart Fadington
We all know that there are a lot of mortgage companies out there. But how do you know which company to choose? Some companies have flashy advertisements about low interest rates, but are they really best company to choose? A mortgage is a very large investment, so company that you choose has to be best company out there for you. As a mortgage expert, I can give you a few tips when choosing a mortgage company.1. Watch out for interest rates. Some companies have higher interest rates than others. Choose company with best interest rate for you (usually lowest, but not always). Be careful of special promotions that have hidden fees. Don’t get sucked in by an extremely low interest rate. Be sure you know everything involved with that interest rate. Be sure to check things out and understand terms of interest. If you do this, you will have a much better chance of getting a nice interest rate that you and your family are comfortable with. 2. Be sure to know all of fees. Some mortgage companies have hidden fees, or they tack on additional costs. Don’t get stuck paying extremely large fees. Once again, companies will try to hide behind low interest rates, but then they will stick you with several large fees. Don’t fall for it! 3. Be mindful of application and appraisal fees. You want to get lowest fee possible with highest quality service. Some mortgage companies charge insane amounts for applications and appraisals. Charging a lot does not necessarily mean that they are worthwhile companies. The best service, for lowest price is always best way to go!
| | Drive away the car of your dreamsWritten by Ria malhotra
Everyone has a dream of buying car these days. It is in human nature to ant more and more than we need or can afford. There is always wide range of cars in market and all offers high technology systems and handling better performance and longevity. Once you get a new car then you have to decide how will you be paying monthly installments. Car loans are becoming popular as a way to finance a new car or used car. For car loan you need to prove to bank officer or lender. There many car loans options available but sometimes it is difficult to choose right for you. In fact car dealers or manufacturers offers car loans, often you will be paying more interest than you need to.How much you spend on buying new car depends on your financial position or your credit reports. If you want to get your car financed then you need to know how much down payment you have and how much you can afford monthly installments. No doubt paying cash for car loans saves interest, which you pay on car loans. There are number of good reasons for not paying cash. Because of recent concerns about identity theft and Homeland Security issues, many dealers do not want to accept cash for a car. Some will not even accept bank or cashier’s checks. Of course, there may be hidden agenda in their refusals. In order to decide how much money to spend on your vehicle you need to evaluate how much you to want to borrow and how much you can afford monthly installments. Do not forget to take into consideration other vehicle’s running costs such as insurance, tax, servicing etc when deciding how much you have to spend, also get personal recommendations if you know anyone who owns same type of vehicle that you are looking at. Once you are clear with idea of costs involved and how much you would like to borrow you can apply for car loan.
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