Tips for first time home buyers

Written by Ajay Pats


There's good news for renters! Recent dramatic changes inrepparttar mortgage finance industry have placed homeownership within easy reach of a greater number of people. A common obstacle today in purchasing a home isrepparttar 116747 outdated notion that obtaining a mortgage is an awesome task. Often, it is a lack of simple information, rather than a lack of money, that keeps people from even considering filling out a loan application. In fact, many can afford a new home forrepparttar 116748 same or slightly more than they are paying in rent now. The following tips can help potential homebuyers findrepparttar 116749 right start in locating a new home they can live in and a mortgage they can live with.

1. Pre-Qualify Before You Buy Pre-qualification allows you to get an idea of your borrowing potential before beginning your home search. Pre-qualification is usually free andrepparttar 116750 buyer's ability to purchase a home can be confirmed quickly. This step increasesrepparttar 116751 buyer's leverage position with Realtors and sellers.

2. Demonstrate You Can Pull Your Weight A mortgage lender wants to know that your income can comfortably cover monthly mortgage payments and your assets are sufficient to coverrepparttar 116752 downpayment and closing costs. Acceptable sources of household income include earnings from your regular job and any secondary jobs, as well as overtime, commissions and bonuses. Also acceptable are interest and dividend income; social security, VA and retirement benefits; disability, welfare and unemployment benefits, alimony, child support and other entitilements. A steady work history - continuous employment atrepparttar 116753 some company or line of business with consistent or rising income - helpsrepparttar 116754 lender determine your ability to maintainrepparttar 116755 responsibility of a mortgage.

3. Make It Understood, Your Credit Is Good Looking at your credit history is another way mortgage lenders determine your obligation to pay back a loan. Good credit history consists of a two-year history of prompt payments, a good record of on-time payments and no outstanding judgments or liens. Your mortgage consultant can help you address and correct any past credit problems in such a way that your chance of credit approval will be greater. For example, if you have ever encountered some credit problems due to a lengthy illness, proper explanation forrepparttar 116756 problem can go a long way to rectifyrepparttar 116757 negative perception created by a temporary set back.

4. The Program Is Key - Not The Rate You See Don't be misled by a lowball rate; be sure to check outrepparttar 116758 details ofrepparttar 116759 loan program. Most mortgages have either a fixed rate (payments remainrepparttar 116760 same forrepparttar 116761 life ofrepparttar 116762 loan) or an adjustable rate (payments adjust up or down in accordance with national interest rates) and a term (amount of time you have to repayrepparttar 116763 loan) of either 15 or 30 years. Downpayment requirements differ from program to program. There are many first-time buyer programs that require as little as 3% down, as opposed to conventional programs that require up to 20% ofrepparttar 116764 new home's sales price. Easier qualifying guidelines and reduced closing cost options are features of many ofrepparttar 116765 programs available.

5. Pick A Real Estate Pro, Someone In-The-Know Find a well-established Realtor who is familiar withrepparttar 116766 areas of your choice. Ask real estate professionals if they will be representing you as a sub-agent or as a buyer-broker agent. Selecting a qualified agent, who is able to answer your questions regardingrepparttar 116767 area, population, school districts, taxes, etc., will be a big time-saver, since he or she will save you a trip torepparttar 116768 local records department.

The Key ingredients for success with your own home based business!

Written by Veronica Bath


The Key ingredients for success with your own home based business!

There is a-lot of ways to make money at home. But have you ever tried searchingrepparttar Web to find it?

There is an overwhelming amount of companies/people out there promising if you buy their products, you will become a millionaire. Well, I’m sure there are some people that have lucked into doing it or have prior experience to help them, but it didn’t happen overnight as they advertise.

People are scammed everyday out of their money because of a good sales letter they read. They buyrepparttar 116746 products in hopes that they can make money onrepparttar 116747 Internet. We all had different reasons for wanting to do this.

You may just needrepparttar 116748 extra money or you want to be your own boss, other reasons maybe you need to stay home with your children like me, a love one you are caring for or maybe something has happened and you can no longer work atrepparttar 116749 job you have been doing for years (injury, laid-off or some other personal reason). That’s how so many of us get scammed, all we want is our piece ofrepparttar 116750 pie, others have done it why can’t we? But with my help, you can success!

That is why I maderepparttar 116751 Web site called “Home Based Business opportunities Central”. I have checked allrepparttar 116752 Companies/people that are on this website out personally to make sure they are there to help you make it to your goals of making it onrepparttar 116753 Internet. I can show you step-by step how to do it!

My site puts you in touch withrepparttar 116754 companies/people that truly want to help and are not just in it forrepparttar 116755 money. Plus, I’m still looking for more allrepparttar 116756 time.

If you are not interested in my site, I understand, but I just want to make sure you know some key things about trying to make money onrepparttar 116757 Internet.

If you have a Website:

1.Your opt-in list is a very important way to contact potentional customers or to keep in touch with present or past customers for updates and new products/ services.

2.Your copy write or sales letter on your front page to letrepparttar 116758 visitor know what you are selling or how important your products or services are for them. Whatrepparttar 116759 benefits are and why your products/service are better then someone else.

Cont'd on page 2 ==>
 
ImproveHomeLife.com © 2005
Terms of Use