Saturday, August 6, 2011

When choosing lenders

* The low refinance rates you want - Remember, the mortgage rates you pay will go a
long way toward determining your monthly payment.
* No hidden loan costs - This is another area in which to be very careful. Go over the mortgage contract and all add-on's with a fine toothed comb. It is common practice in the industry to slip in extra fees and charges that can add up to thousands of dollars. Some mortgage firms feel they have you with your back to the wall and you either won't notice these additional fees, or will just go ahead and pay them. It is a good practice to hire an experienced real estate attorney to examine the contract. The few hundred dollars it may cost is a pennies compared to the money you'll pay because of a one sided refinance contract.
* Excellent service - You need to someone who is responsive to answer any questions
you may have during the refinance process.
* A strict privacy policy - This is more important than ever. Many firms will sell your data to marketing or research companies. This can compromise your security and you'll get alot of annoying phone calls. This is extremely valuable, and some businesses make a substantial profit from it. Make sure that the lender you're dealing that has a privacy policy which precludes selling your personal information.our Debt Repayment Plan - How to Retire Your Debt the Fastest Remember, you can become debt free, no matter your level of debt, you just need a plan to get you there. A great way to start is to make a chart listing all your debts.Prioritize them,listing them from the highest interest rate to the lowest. Pay the minimum payment on all but the debt with the highest interest rate. On your debt with the highest interest rate, pay the minimum payment plus the maximum your budget will allow. As soon as that debt is retired, switch those resources toward the next debt on your list, using the money you were paying on the now-retired debt in addition to the minimum payment you've already been paying on the debt that was formerly #2 on your list. Keep progressing in this manner until all your debts have been retired. It could be sooner than you think.

No comments:

Post a Comment