By Julian Lim
In order for a home mortgage loan to go smoothly through the process of application, documentation and closing, certain tasks must be accomplished to the satisfaction of the lender. There are a number of these tasks that can and should be completed before even looking for a property that will become a dream house. If you clean up your credit report, as needed, for instance, this process can take several weeks. If you have accomplished this task before your credit is checked by the lender, it will present a much cleaner picture and you loan is more likely to be approved.
Check your credit report
Because many of the qualification points for your home mortgage loan depend upon the credit score or credit history attached to the borrower, it is important to know precisely what entries appear on each of the credit reports from the three major credit reporting agencies--credit bureaus. It has been said that as many as 80% of all credit reports contain inaccuracies at some level. Allow time to receive, review and correct such inaccuracies. It can smooth the processing time on your loan and can save you thousands of dollars over the course of the loan.
Decide how much house you can afford
Before settling on a house or applying for a home mortgage loan, you may want to become pre-qualified. This process will tell you how much you can afford according to the lender, but beyond that, you are the best person to determine how much you should be paying for the home. This will depend upon such features as your career path, where you want to live, whether or not you plan to raise a family, or alternatively how soon your family will be leaving the next. It is always better to be conservative when choosing the size of the house you purchase.
Decide on rates and terms
Before obtaining a home mortgage loan, you should prepare yourself with an understanding of typical interest rates and loan terms so that you are prepared to not only comprehend what the words mean, but realize the dollars and cents costs of your various options. For example, do you want a 15 year loan with monthly payments somewhat higher but a shorter payoff time, or would you be better served with a 30 year loan? Does a fixed rate mortgage work with your budget, or do you need the flexibility of an interest only loan for a time? Do you have the self-discipline to work with a more flexible loan schedule?
Pick a broker
Another project that you will need to complete while getting ready to apply for your home mortgage loan is selecting a loan broker. There is a wide variety in the knowledge and experience base of available loan broker. Of course, you will want select the best credentialed broker at the lowest cost for you. Checking reputation, experience and professional attitude of your short list of brokers can occupy a considerable amount of time.
Before starting a Home Mortgage Loan application process, be sure to visit the web site located at http://www.homemortgageloan-refinance.com/. You will save yourself time, effort and probably money.
Article Source: http://EzineArticles.com/?expert=Julian_Lim
Condos Would Still Be a Good Investment
ป้ายกำกับ: Condo
By Eliza Maledevic
When you think of Miami Beach, you will already know that this is an area that can be a good market. Thus, when you are planning to invest in a Miami Beach condo, you will know that this investment can still be good even if you are not so sure with the other markets.
The actual location can already be a good sign especially because it is already a good location that is normally visited by many tourists. This means that there are many people who come in and out of the area and there can be a big market for the Miami Beach condo.
When you consider the market for condominiums, you will notice that there is a less demand for this kind of investment. But this is normally applicable to the areas that do not have much hold on the people. However, in Miami Beach, there are many people who would need a condo so there is still a big demand. There are many tourists that seek for relaxing places so this need would be an area to start with your business.
With the Miami Beach condo market, there is an increase in the number of people who wants to have a property within the area. This is applicable both in the commercial and residential aspects of the market. Thus, there are more chances for you to have a good business when you invest in the market. Even with a number of foreclosures in the area, this can still be used to make benefit of the market. With the foreclosures, there can be a bigger to find properties that have lower prices. You will also have them in ways that can be more beneficial since you can purchase them at low prices but sell them when the marketability of the property increases. Thus, with proper strategies and timing, you can still have the Miami Beach condo as a good investment to make.
There are already some improvements in the way that the market in Miami behaves. You can think of the decline as a challenge but there are actually many people who can still make use of the trend in this market to make it work for you. If you are ready to acquire one, think of the ways that you can handle all the financial needs. Carefully studying the market would be critical so that you can make this Miami Beach condo as a profitable investment to take. Think of this as a long term deal so you will not have to risk the money that you have. You should ensure that you know what you are dealing with and the outcome can be more beneficial on your part.
Article Author Eliza Maledevic from http://www.Jump2top.com, a SEO Company.
Article Source: http://EzineArticles.com/?expert=Eliza_Maledevic
When you think of Miami Beach, you will already know that this is an area that can be a good market. Thus, when you are planning to invest in a Miami Beach condo, you will know that this investment can still be good even if you are not so sure with the other markets.
The actual location can already be a good sign especially because it is already a good location that is normally visited by many tourists. This means that there are many people who come in and out of the area and there can be a big market for the Miami Beach condo.
When you consider the market for condominiums, you will notice that there is a less demand for this kind of investment. But this is normally applicable to the areas that do not have much hold on the people. However, in Miami Beach, there are many people who would need a condo so there is still a big demand. There are many tourists that seek for relaxing places so this need would be an area to start with your business.
With the Miami Beach condo market, there is an increase in the number of people who wants to have a property within the area. This is applicable both in the commercial and residential aspects of the market. Thus, there are more chances for you to have a good business when you invest in the market. Even with a number of foreclosures in the area, this can still be used to make benefit of the market. With the foreclosures, there can be a bigger to find properties that have lower prices. You will also have them in ways that can be more beneficial since you can purchase them at low prices but sell them when the marketability of the property increases. Thus, with proper strategies and timing, you can still have the Miami Beach condo as a good investment to make.
There are already some improvements in the way that the market in Miami behaves. You can think of the decline as a challenge but there are actually many people who can still make use of the trend in this market to make it work for you. If you are ready to acquire one, think of the ways that you can handle all the financial needs. Carefully studying the market would be critical so that you can make this Miami Beach condo as a profitable investment to take. Think of this as a long term deal so you will not have to risk the money that you have. You should ensure that you know what you are dealing with and the outcome can be more beneficial on your part.
Article Author Eliza Maledevic from http://www.Jump2top.com, a SEO Company.
Article Source: http://EzineArticles.com/?expert=Eliza_Maledevic
Designing Your New Home - Forget About Style and Re-Sale
ป้ายกำกับ: Home-Improvement
By Bryce Engstrom
When having my first design meeting with new clients looking to build a new home , two things I try to have them forget about, at least initially, are style and re-sale.
The styles many have come to know and love didn't invent themselves. Each was a response to various input that often had little or nothing to do with referencing earlier styles. Each was a break in conventional thinking at the time to address the current issues of their time and place. To immediately jump into a certain, pre-established "style" is to immediately ground yourself before you've even tried to fly.
Though Frank Lloyd wright is commonly cited, both by professionals and layman alike, as the single greatest American architect, it seems so many forget some of his most ardent advice about the design of homes, and buildings of any kind, when he wrote-
"Styles" once accomplished soon become yard - sticks for the blind, crutches for the lame, the recourse of the impotent, As humanity develops there will be less recourse to the "styles" and more style,- for the development of humanity is a matter of greater creative power for the individual- more of that quality in each that was once painfully achieved by the whole.
To condense what is a fairly profound and rarely found concept in homes, or other buildings,- Be yourself, in your place and in your time. Your home should be an expression of this on every level.
Start with your site, and don't start your design without a site. Find out how the sun tracks, where the wind comes from, what the seasons will bring and start your space planning there. Where do you want to be when the sun comes up in the morning? Where do you want to be when it is high in the sky, when it sets? And don't assume that just because your lot is tightly packed in with other houses that you don't have options to respond to these conditions.
In a purely intuitive, simple way, cut out some circles of paper that represent the relative size of each of the rooms you think you are going to need and/or want. Accuracy at this point isn't that important. Get a site plan of your property and play with the arrangement of these spaces on your site. Access to and from the site might be another obvious influence to your choices. Try to concentrate on just the relationships of the spaces without necessarily envisioning the shape of any structure. Circles help in this regard, whereas squares or rectangles tend to automatically get you thinking in terms of walls.
Pay attention to how the various spaces may want to be open to each other, or separate and private. Keep playing around with these and try and find the best balance of all of your objectives. The spaces might also have vertical relationships to each other. Maybe even a set of 3D spheres placed in Google Sketchup might help you start thinking more in 3 dimensions instead of two.
From there, you can use some simple rules of thumb championed by such influential architects as Christopher Alexander such as always having windows (however small) on at least two sides of every room.
And as far as re-sale goes, I am always amazed how much importance has been placed on this issue, mostly by real-estate agents. To make the tremendous effort and invest the amount of money and time necessary to successfully complete such a project while gearing the design toward some imagined future buyer has never ceased to baffle me. After over 20 years of designing and building projects for clients, I have come to believe very strongly that the spaces that you spend so much time in, especially your home, effect your every day life, your level of contentedness or happiness, in profound ways that may not always be initially apparent. The highest compliment every paid to me by a client was, "I just live differently now..."
This doesn't happen by fretting over style or re-sale. It happens by responding to some of these very fundamental, human needs and will serve you well when, if ever, you want to sell the house anyway. If you feel it and see it, so will others.
Bryce Engstrom is an Architect & General Contractor with over 20 years of experience in the design and build professions. Free information on all of the main aspects of the design, permit, and build processes is available online here: http://www.central-coast-project-design-planning-guides.com/
Article Source: http://EzineArticles.com/?expert=Bryce_Engstrom
When having my first design meeting with new clients looking to build a new home , two things I try to have them forget about, at least initially, are style and re-sale.
The styles many have come to know and love didn't invent themselves. Each was a response to various input that often had little or nothing to do with referencing earlier styles. Each was a break in conventional thinking at the time to address the current issues of their time and place. To immediately jump into a certain, pre-established "style" is to immediately ground yourself before you've even tried to fly.
Though Frank Lloyd wright is commonly cited, both by professionals and layman alike, as the single greatest American architect, it seems so many forget some of his most ardent advice about the design of homes, and buildings of any kind, when he wrote-
"Styles" once accomplished soon become yard - sticks for the blind, crutches for the lame, the recourse of the impotent, As humanity develops there will be less recourse to the "styles" and more style,- for the development of humanity is a matter of greater creative power for the individual- more of that quality in each that was once painfully achieved by the whole.
To condense what is a fairly profound and rarely found concept in homes, or other buildings,- Be yourself, in your place and in your time. Your home should be an expression of this on every level.
Start with your site, and don't start your design without a site. Find out how the sun tracks, where the wind comes from, what the seasons will bring and start your space planning there. Where do you want to be when the sun comes up in the morning? Where do you want to be when it is high in the sky, when it sets? And don't assume that just because your lot is tightly packed in with other houses that you don't have options to respond to these conditions.
In a purely intuitive, simple way, cut out some circles of paper that represent the relative size of each of the rooms you think you are going to need and/or want. Accuracy at this point isn't that important. Get a site plan of your property and play with the arrangement of these spaces on your site. Access to and from the site might be another obvious influence to your choices. Try to concentrate on just the relationships of the spaces without necessarily envisioning the shape of any structure. Circles help in this regard, whereas squares or rectangles tend to automatically get you thinking in terms of walls.
Pay attention to how the various spaces may want to be open to each other, or separate and private. Keep playing around with these and try and find the best balance of all of your objectives. The spaces might also have vertical relationships to each other. Maybe even a set of 3D spheres placed in Google Sketchup might help you start thinking more in 3 dimensions instead of two.
From there, you can use some simple rules of thumb championed by such influential architects as Christopher Alexander such as always having windows (however small) on at least two sides of every room.
And as far as re-sale goes, I am always amazed how much importance has been placed on this issue, mostly by real-estate agents. To make the tremendous effort and invest the amount of money and time necessary to successfully complete such a project while gearing the design toward some imagined future buyer has never ceased to baffle me. After over 20 years of designing and building projects for clients, I have come to believe very strongly that the spaces that you spend so much time in, especially your home, effect your every day life, your level of contentedness or happiness, in profound ways that may not always be initially apparent. The highest compliment every paid to me by a client was, "I just live differently now..."
This doesn't happen by fretting over style or re-sale. It happens by responding to some of these very fundamental, human needs and will serve you well when, if ever, you want to sell the house anyway. If you feel it and see it, so will others.
Bryce Engstrom is an Architect & General Contractor with over 20 years of experience in the design and build professions. Free information on all of the main aspects of the design, permit, and build processes is available online here: http://www.central-coast-project-design-planning-guides.com/
Article Source: http://EzineArticles.com/?expert=Bryce_Engstrom
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