Mortgage

9 Tips for saving $1,000 in 12 months

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How to Save Money with Coupons

What would an extra $1,000 do for you? Whether you need to pay off a handful of bills, reduce debt payments or pay for a vacation, most people would agree that extra cash is helpful. Here are some great ideas to save money. Not all of these suggestions will work for you. Read through and check out the items that will help you the most.  If you need a little extra cash this year, here are a few ideas to save money that can save at least $1,000 this year. Top 9 Easy Ideas to Save Money Low Income Benefits If you are a low income earner really finding it difficult to get by…then get help! Did you know that there are … Read more

What You Need to Know in Order to Find the Best Mortgage Rate

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Find the best mortgage rate for your family.With UK mortgage rates at an all time low, and house prices falling by 0.1%, now may be the perfect time to consider buying a new home. But even with today’s falling interest rates, taking on a mortgage is a major responsibility. Naturally, you want to find the best deal possible.

Mortgage rates may currently be low, but that’s no reason to take the first deal that’s offered, or to pay more than you need to on the total cost of your home loan. Before you sign on the dotted line, let’s review a few simple tips to help you find the best possible mortgage for your new home.

Credit Scores

Before we go any further, we will assume that you have found a property you are interested in, and that you have a firm idea of how much you can afford to spend on your new home. At this point, before you start looking for a mortgage, it is important to know your credit score as it will have a major impact on the loan process.

Knowing your credit score ahead of time will allow you to negotiate with a lender without them running your credit history. Remember, every time a lender checks your credit history, your credit score takes a ding.

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Tips to Save Money on a Mortgage

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The excitement of homeownership is often countered by the burden of long-term debt.  Imagining life in 30 years, still forking out hundreds or thousands of dollars each month, can be an overwhelming thought.  Each loan has unique terms, but most allow a few options for homeowners to save money on the total cost of a mortgage. Pay Extra Toward the Principal The most common strategy to save money on a mortgage is to pay it off ahead of schedule.  This technique allows owners to avoid a great deal of the cost of interest and shorten the life of the loan.  Homeowners who plan to save money on their mortgage by paying it off early should consider these tips. Some loan … Read more

How to Make Preparing to Apply for a Mortgage Go Smoothly

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Preparing To Apply For A Mortgage

There are a few things that you can do to make applying for a mortgage go more smoothly and give yourself a better chance of success. By preparing to apply for a mortgage correctly, you can receive the best interest rate that you qualify for and save money on your mortgage. The key is that you should start working early when you decide that you want to apply for a mortgage. Here are a few ways that you should do when preparing to apply for a mortgage. Compare Mortgage Loans The best way to get the best interest rate is to compare different mortgages with each other. Using a mortgage calculator, you can find out how much you can expect … Read more

Reader’s Question: Should You Pay Your Mortgage Off First or Invest for Retirement?

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Understanding The Types Of Mortgages Available To Save You Money

Here is the next installment in our the Reader’s Questions Series which highlight questions emailed to me by you, the readers of Money Q&A. This one deals with whether you should pay your mortgage off first or invest for retirement. Be sure to find out at the end of this article how you can receive a free copy of Dave Ramsey’s book, The Total Money Makeover if your money question is chosen to be featured in an upcoming blog post. If you’re not familiar with Dave Ramsey’s book, you should run right out and get it. It is one of the best personal finance books that everyone should read. Now….on to our reader’s question. Should you follow Dave Ramsey’s baby steps to the letter? Or, can you switch … Read more

My Next Home Is Going to Be a Hotel and I’m Saving Over $900 per Month!

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Have you ever thought about living in a hotel?

Have you ever thought about living in a hotel? Because of the day job that I have, I tend to bounce around from one location to another fairly quickly. There are often times when I am working or going to a class for just a couple of months at a time. So, of course, I’m not going to put down any type of roots in that instance. I could rent an apartment for a month-to-month lease, but the number and quality of those types of apartments are not always the best. Why I’m Thinking About Living in a Hotel So, I started thinking about living in a hotel. I have always been fascinated by extended stay hotels in particular. Every … Read more