Refinance Quote - Get The Best Refinance Quotes You Can GetWritten by Carrie Reeder
When going to refinance or get a mortgage loan quote, internet can be a useful tool to shop around for best interest rate. The reason internet is a good place to start applying, is because most mortgage applications online do not typically pull your credit with first application. Most of time, application will ask you to describe your credit. Once you have received an initial offer, then, mortgage loan consultant who contacts you will ask you if they can pull your credit.The point is, there is really no risk in applying to many different mortgage companies or lenders online. This can help you compare refinance quotes from multiple lenders. There are quite a few mortgage companies out there that will submit your pre-approval application to hundreds of lenders and then forward you 4 best mortgage loan refinance quotes. To see a list of these companies, click on link below. If you do this pre-approval process with about 3-4 companies, in less than 24 hours, you could have mortgage refinance quotes from about 12-16 lenders. Imagine how comfortable you would feel knowing what all of your refinance options are. If you had over 10 mortgage loan offers, you would not make mistake of settling for a refinance loan that is not best you can get. When refinancing, you absolutely want to make sure of a few things before you settle on an offer: 1. Make absolutely sure that you are getting lowest mortgage rate possible for your qualifications. With mortgage rates slowly on rise, you want to make sure that you are not getting a mortgage loan any higher than you can qualify for. If you go direct through lender and not use a broker middleman, sometimes that can help you get a lower interest rate.
| | How to make money from Buy To Let in a property crashWritten by Peter Parsons
Over last few years, most investors who have tried 'buy to let' (buying additional properties in order to rent them out) have profited spectacularly as property market in most of world boomed like never before. Historically unprecedented property prices in USA, UK, Australia and most of Europe have made concept of becoming a landlord look like an easy route to riches.Of course, there really isn't any 'free lunch', and situation now, as property markets start to crumble around globe, isn't looking quite so good for amateur property speculators. Historically, booms of this magnitude are followed rather predictably by equally large crashes, and smart property landlords evacuated market over a year ago, selling at peak to amateurs lured in by prospect of easy money. These amateurs have typically paid way over odds for their rental investments, and are in many cases having to subsidize their tenants (i.e. rent doesn't cover interest-only payments on mortgage!). They did this on promise that future property price appreciation would justify monthly losses they make by subsidizing tenant (Ed's note - a pro landlord would NEVER subsidize a tenant in ANY circumstance - yield is everything). So what's a newbie Landlord to do? Paid too much for a property, tenant's rent not even covering interest on mortgage and property prices likely to slip a dismal 30% or so over next 5 years... is it harakiri time? No! There IS a way out, a way so obvious you have probably overlooked it. Sell property. Simple, huh? In theory yes, but not in practice. Right now, NOTHING is selling. Solution? DROP THE PRICE. You may have to take a 15% or 20% loss on property now in order to get rid of it. Why on earth would you do this, I hear you ask, after all, aren't you in it for long term? of course you are. But you must also treat it as a business, so let's look at business case for justification. The property market has begun downswing. Like an ocean going tanker, market is slow to change direction, but when it does, it's going opposite way, and for some time. The market ALWAYS punishes 'irrational exuberance' - that's almost a definition of a market. It could be anywhere between 3 and 5 years before this downswing bottoms out, and over that time, a 30% correction is probably 'best-case' fall one can expect (this would take prices back to long term mean. In reality they may even undershoot and fall further). After that, it may be another 3 to 5 years before prices once more claw their way back up to highs of 2004.
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