Monday, July 16, 2007
Maybe it's because the web has gotten to be a popular tool for finding a home. Or maybe it is because people like to network and research and this is easier than going to the recorder of deeds or your local government offices. If only we could build houses in cyberspace and actually move into them. Betcha we could save a buck that way. I wonder if a digital house would get viruses, that would be bad and probably pretty scary.
Being a home owner IS scary. Particularly for people who allowed a bank to get them in over their heads with an adjustable mortgage rate plan. DO NOT DO IT. You don't know how much you will be making in 5 years, maybe you'll be well off and an increased rate won't hurt any, but is it work the risk?
Brian and I are in the midst of finalizing our first mortgage and we'll be closing on a house this summer. It's stressful to think about all of these financial matters and I think banks sometimes want you to think they are taking care of you...when...they might not be. If you have bad credit and are trying to get a mortgage it might be best to wait it out, stay somewhere else or rent until you can repair your credit so you can go into buying a home feeling more financially stable. A good bank will tell you that and they will work with you on trying to handle debt consolidation.
Just some tips I feel like sharing. Since I know how overwhelming this can be. =o)
This post has been sponsored.
Being a home owner IS scary. Particularly for people who allowed a bank to get them in over their heads with an adjustable mortgage rate plan. DO NOT DO IT. You don't know how much you will be making in 5 years, maybe you'll be well off and an increased rate won't hurt any, but is it work the risk?
Brian and I are in the midst of finalizing our first mortgage and we'll be closing on a house this summer. It's stressful to think about all of these financial matters and I think banks sometimes want you to think they are taking care of you...when...they might not be. If you have bad credit and are trying to get a mortgage it might be best to wait it out, stay somewhere else or rent until you can repair your credit so you can go into buying a home feeling more financially stable. A good bank will tell you that and they will work with you on trying to handle debt consolidation.
Just some tips I feel like sharing. Since I know how overwhelming this can be. =o)
This post has been sponsored.
Monday, July 9, 2007
Bah! Remember my recent post about mortgage loans? Well, it is all absurd I must say. When you research online, everyone makes it sound so easy. It's not, don't let them fool you. All lenders will claim they can get you secured loans with the lowest interest rate with minimal down payments. But when you get to the nitty gritty fine print...it's not that way at all.
It's nice to find sites who will discuss personal loans an a case by case basis. Meaning they do the figures based on amount of loan, amount of time needed to pay it back, the purpose, etc.
And one thing you might find helpful is when a site will allow you to compare loans. "The most important thing to do before getting a loan is to shop around. Before you sign anything, make sure that you have looked at all possibilities for your needs. If you can separate all the various features of a loan and concentrate on the features you require, you can find the best rates for your needs. Nearly three quarters of all loans are paid off early, so it pays to know the charges for doing so."
Disclosure:
This post has been sponsored.
It's nice to find sites who will discuss personal loans an a case by case basis. Meaning they do the figures based on amount of loan, amount of time needed to pay it back, the purpose, etc.
And one thing you might find helpful is when a site will allow you to compare loans. "The most important thing to do before getting a loan is to shop around. Before you sign anything, make sure that you have looked at all possibilities for your needs. If you can separate all the various features of a loan and concentrate on the features you require, you can find the best rates for your needs. Nearly three quarters of all loans are paid off early, so it pays to know the charges for doing so."
Disclosure:
This post has been sponsored.
Labels: finances, loans, mortgage
Friday, July 6, 2007
Let me tell you how much of a geek you have to be to find enjoyment in researching mortgage rates and loans for buying a new home. This is something I've been struggling with for sometime now and more so recently than in the past.First of all, even with dropping prices, the house market is so inflated it is insane. I don't know how people can afford to live after they buy a home. But I suppose once it is done, well, you just make do.
There are a trillion places to go for information and they all say they are the best. Every person you talk to will direct you to the best bank or the best loan office or the best whatever. Right? I know you know what I'm talking about. So the best thing to do is hunker down at your PC and surf around, find the site you are the most comfortable with, jot some notes and then eventually call someone for more information and a time to schedule an appointment to talk.
Right away you will notice two major differences in these places. Some of them are insitutitions that have many hands involved because they can do a variety of financial things. You will also find places like DragonFi Home Finance Direct Lender where you are dealing with one person. There are not any brokers involved, you won't be transferred from person to person in the company. This is a one-on-one deal which quite frankly is cool because buying a house is stressful enough as it is.
Dragonfi explores each client's financing needs on an individual basis. They make it their job to make sure you understand the pros and cons of each loan package they offer. No hassles, no stress, no anxieties just people helping people. DragonFi Home Finance Direct Lender employs people to do the number crunching, understand their clients and give the best...it's not machines, it's not calculations based on averages. So, you won't just be an account number to these people. That's very cool to know.
If you are interested in learning more about them, head to their website and call William Walker or Barney Cox at 888.88fi-fly
Disclosure:
This post has been sponsored.
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