What Is The "Right" Mortgage For Your Needs?Written by Janine Monik
Are you thinking of buying a home? If so, then there are many things that you need to research first. For example, do you know what a mortgage is and do you know all details of getting a mortgage? The more you know before you get into it, easier whole process will be for you.If you've never owned a home before, you know that securing a mortgage loan can be more nerve wracking than you might realize. After all, just like you would need to prove your expertise to secure a job, you need to prove your credit worthiness to secure a mortgage. The problem is, if you've never owned a home, how can you possibly convince a lender that your credit is good enough to qualify you for a home mortgage loan? This means that first-time buyers often face higher than standard interest rates and other unfavorable terms on their mortgages such mortgagee insurance. Yet many, many first-time homebuyers or event people with poor credit history enter market each day, so there are lenders out there that are willing to take risk. There are lots of mortgages designed specifically for first-time borrowers, with terms and rates that are flexible and not exorbitant. The trick is finding one of these lenders.
| | 10 More Tips For Selling Your Own HomeWritten by Steve Gillman
Selling your own home can be a time-consuming and frustrating process. Sometimes, though, in right market, it makes sense to save thousands of dollars in commission and do it yourself. If you've decided to give it a try, use tips here to do it right, and to avoid common FSBO (for sale by owner) mistakes. 1. Understand value. It isn't what you think your house is worth, and it doesn't even matter how much you put into it. It is only what it's worth to potential buyers. Find out what they have paid for other similar homes before you decide on a price. 2. Be objective. This is a difficult one. You may want to get your most honest and outspoken friend to walk through house with you. He'll see problems you didn't know were problems. 3. Have a plan. What will kids or wife say to those who call? Where will you be closing? Will you have documents prepared by an attorney? A plan will help it all go smoother. 4. Make a list. What needs to be fixed, cleaned, changed, or removed? Do most obvious things first. 5. Be a prepared salesman. List every question a buyer might have, and be ready with an answer. Have comparison sheets showing other home sales, so buyers can see value. Have a map showing where nearby stores and libraries, etc. are. 6. Sell benefits. Don't say "near stores." Say "You can walk to store in five minutes." Don't say "garage." Say "No chipping ice off windshield in morning."
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