Read & write

SPECIALIST BLOGS

Are you treating your business like a Fortune 500 Company or like a Yard Sale? Take this quiz to find out. How would you [...]
In order to make the most of your weight loss program, finding the most effective ways to burn fat will maximize your [...]
Food diets that work are largely common sense! See how you can succeed the first time!With so many of us overweight, it's [...]
One of the toughest decisions that internet marketers must make when when writing articles and website content is what [...]
Have you any idea what it could be?You need to take action. I know, it seems so obvious. Yet so many people do not. I do not [...]
It is a well known and widely accepted fact, that E-books.FREE E-booksare one of the best weapons in a viral marketing [...]
Those of us who regularly shop on line are familiar with the array of free gifts, free bonuses and just plain freebies that [...]
Pay Per Click advertising is a method of advertising that is currently taking the Internet world by storm; especially over [...]
The world wide web has given us the great opportunity and freedom to do business all around the world from wherever we may [...]
Do you belong to an online social networking website? With their recent rise in popularity there is a good chance that you [...]
Individuals, of all different ages, enjoy meeting and communicating with other internet users.  Despite the fact that [...]

Understanding How To Save For A Home

1 1 1 1 1 1 1 1 1 1 Rating 4.00 (2 Votes)

The real estate market is getting back on its feet and a lot more people are interested in purchasing a home. This means that banks are becoming more lenient to give out loans, but you must still do your part to save for a home. You want to try and save to provide a 20 percent down payment for the home of your choice. If you cannot save the 2o percent down payment then at least try and save as much as you can. It is wise to also save up enough money to pay a few months worth of rent should you fall into financial hardship. 

 
Saving up for a 20 percent down payment could take a long time. Luckily financial assistance such as FHA loans exists and allows you to put down as little as 3.5 percent. This means you do not have to save up as much money, but should still try and put down as much as you can on your first purchase. The more a person puts down on a home the lower the monthly payments will become.  
 
Calculate your bills to get started in the saving process. Next, determine the amount you make every month to understand how much you can save. This is the first way you can establish a budget and figure out how to save. Depending on how much you make and when you want to buy a home is going to determine how much to save and what type of home you can purchase. Saving $100 a week is a good move but if you cannot afford that much money then try to establish a different kind of budget. If you save $100 a week then that equals $5,200 a year which means you should have enough for a down payment on a $350,000 home loan with 5 percent down in as little as 3 years. Think about it, in just 3 years you could move into a home you can call your own. 
 
Your FICO score plays a big factor on the annual percentage rate you are given on a home loan. The higher your FICO score the lower your rate. Combined with a decent down payment and your home loan won't be too expensive. To increase your FICO score pay all of your bills on time and reduce any debts with credit or loans down as much as possible. Buying a home takes years of preparation but if you are persistent in your efforts you can land the home of your dreams. 
 
To save for a home you need to dedicate yourself to saving. It's very hard for someone that is not mature to save for a home. Stop renting and take the necessary steps towards becoming a homeowner. You will find a sense of freedom when you can do whatever you want in your very own home to call your own. Anyone that wants to start a family or that has one started should make moves to move into a home so you all have a place to call your own.

Add comment

Security code
Refresh

InterServer Web Hosting and VPS

Who's Online

We have 97 guests and no members online

Articles - Newsflash

Are You Serious About Your Work At Home Business?

Are you treating your business like a Fortune 500 Company or like a Yard Sale? Take this quiz to find out.

How would you describe your Office?
a.) Corporate or b.) Chaos

Which word describes you personal appearance while you're working?
a.) Success or b.) Mess

And, how would you describe your attitude towards your business?
a.) Winner or b.) Winging-it

Read more ...
A Simple Sales Strategy: Define What Selling Is!

How do you define selling? A lot of people think of selling as persuading/convincing people to buy things they may or may not want or need. To some, selling is all about closing a deal. Thinking of selling like this is not very empowering to you. Frankly, if you have this perspective on selling, it's no wonder if you hate it. I would too!

So what perspective can you take about selling that will make it enjoyable, exciting and something you look forward to? Sounds like a bit of a tall order doesn't it? Read on.

Hopefully by now, you have made the list of all the problems that you can solve for your target market.

Read more ...
A better world with child sponsorship

Child sponsorship enables a common person in an evolved country to aid a child from a poorly developed part of the world until he can become independent. This aid consists in money, clothes, moral support and anything that can make a difference. This practice is usually conducted through a child sponsorship organization which deals with money transfers and contacts between sponsors and children. Though they are sometimes blamed for creating cultural gaps between children of the 3rd world, the child sponsorship organizations are the ones that strive to give a helping hand when everyone else has turned their backs to the fate of the unfortunate.

Read more ...

Twitter