Credit Help For Real Estate Financing: Credit Scores

When you buy real estate, lenders run all of the big three credit bureau reports. Each credit reporting agency lists your credit history as supplied to them by the individual lenders and includes governmental records. Each report assigns a credit score number to you. The credit scores reflect your theoretical risk of default to the lending institutions.
Software developed by Fair Isaac and Company generates your FICO score. Experian uses a system called Fair Isaac Risk Model, a computer program which rates you with a score according to Experians information. Equifax bases scores on BEACON programs and TransUnion bases scores on EMPIRICA models.
Your Baseline
You have three credit scores, often called FICO scores, one from each credit bureau. The lender takes the middle score as your baseline. Lenders have different standards, but generally a C score is around 500 to 600, a B is around 600 to 680, and an A- is above 680. Over 700 is the magical number that gets you the attention you desire. If your score is under 500, find someone to privately finance for you or a partner with good credit while you work on improving your score.
How Lenders Rate You
Credit score Available mortgage financing720 - 800 Superb! You get what you want700 - 719 Wonderful! You get top rates & terms680 - 699 Good! You get good rates & terms660 - 679 All right. You pay higher costs & rates640 - 659 Okay score if good income620 - 639 Weak. You need good income & some money600 - 619 Poor. Use creative loan broker & pay more loan costs580 - 599 Almost impossible without large down paymentUnder 580 Work on fixing credit without delay
What Does Not Count In Your Credit Score
The scoring model doesn’t compute:
Age & genderRaceWhether you own a home or rentLength of time at your current addressJob or length of employment at your jobIncomeEducationMarital statusWhether or not you’ve been turned down for credit.
Real estate lenders don’t just consider your credit score when you apply for mortgage financing. Understanding your credit score helps you with this one part of your mortgage requirements.
Copyright 2005 Jeanette J. Fisher - All Rights Reserved.
Professor Jeanette Fisher, author of Credit Help! Get the Credit You Need to Buy Real Estate, Doghouse to Dollhouse for Dollars, and other books teaches Real Estate Investing and Design Psychology. For more articles, tips, reports, and newsletters, see http://www.recredithelp.com/
You can find student loans information at loansadvise.com

How To Give Your Home A FaceLift: The Sellers’ Guide To A Quick Sell

One of the great challenges to selling a home can be showing all of its space, decor and natural light potential. For example, every home has crowded closets and dead space. Sellers should be aware that areas such as these are easy to spruce-up with a little elbow grease and old-fashioned innovation.
Begin by evaluating your closet/storage space, determine which areas can cut-down in clutter. Go through old clothes, shoes, etc., and get rid of anything that will not be used and in turn create more space. Consider organizing shelves and other areas to make better use of your storage space, including your garage and basement. Also, try to throw out or give away any old furniture that is no longer of use. All of the discarded items can be given to Good Will, Salvation Army or even sold at a yard sale.
Although most sellers keep their homes clean and well-decorated, it can be difficult to convince a buyer of a home’s potential when clutter is noticeable. As brokers, it’s our responsibility to offer any tips that will expedite the sale and make the experience more enjoyable for the seller.
Once you’ve eliminated the unwanted items and furniture, begin the ‘renovation’ process. For non-storage spaces that could use a little more decor, consider adding a small bookshelf complemented with a cozy reading chair. Always be sure you’re filtering as much light into your property as possible. Open or replace curtains. For example, light from a window overlooking the backyard offers a room more color, a great view and the illusion of more space.
Always maximize the potential of existing decor; wash old curtains, re-stain old wood casings, anything that refreshes and emphasizes all the potential of the space and decor of the home.
Prospective buyers are often more drawn to homes with features that they don’t have, those with clutter-free closets, open sunny rooms, and cozy little corners. To ensure you’ve realized all of the above characteristics the last step should be to bring in a friend and observe their reaction. Make sure it’s an honest friend, who will offer suggestions as well as notice the improvements. Seeing your own home through someone else’s eyes is a great way to make a home optimally attractive and more sellable to prospective buyers.
Be diligent in your efforts and be sure the renovations improve the aesthetic appeal of the home. All the hard work will be worth the reward of a successful sale.
About The Author
W. Troy Swezey is the author of HOW TO GIVE YOUR HOME A FACE-LIFT: THE SELLERS’ GUIDE TO A QUICK SELL. As a Realtor at Century 21 Paul & Associates, he has helped many individuals with their real estate needs. Visit his web site to download his free e-book, REAL ESTATE SECRETS EXPOSED. http://www.troyismyrealtor.com/ or mail to: TroyC21@usa.net
You can find student loans information at loansadvise.com

How Long Your Mortgage Runs Determines How Much You Pay

The first thing most of us think about when the time comes to take out a mortgage on a new home is the interest rate.
Thats both perfectly natural and very sensible. The rate of interest we pay can make an immense difference a difference amounting to tens of thousands of dollars in what the actual cost of our house ultimately turns out to be.
Still, interest rates are far from the only thing worth thinking about where mortgages are concerned. Other important variables need to be considered too. One is the question of whether to take a fixed interest rate of choose from among the many kinds of variable-rate mortgages that have been created over the years to meet the differing needs of different buyers.
Another and a very important one is the rather basic question of how long you want your mortgage to run. Even with fixed-rate mortgages, a broad spectrum of time spans is commonly available. In most cases the extremes are 15 years on the short side, 30 years on the long.
Some years ago, when a famous scientist was asked to name the most powerful force in the universe, he answered the power of compound interest. This reply suggests that he was knowledgeable not only about the laws of nature but the principles of finance about what happens to even a modest sum of money when it continues to accumulate interest year after year after year.
Even at a modest rate of interest, money in a savings account can double within ten years or less. The amount actually paid for a house with a $100,000 mortgage can turn out to be several hundred thousand dollars if the mortgage runs for 30 years.
When you opt for a mortgage of only 15 or 20 yeas, on the other hand, you chop off much of the growth in your total obligation. But to do that without reducing the initial size of your mortgage, you have to make a bigger payment every month. As in most of lifes major decisions, the stakes are high and the trade-offs require careful consideration. Above all, they require a careful examination of your resources, your aspirations, and your personal priorities.
Someone whos willing to make near-term lifestyle sacrifices for the sake of long-term gains probably will prefer a shorter mortgage. If your motto is eat, drink and be merry, on the other hand, the idea of squeezing extra money out of your budget for the sake of a bigger house payment wont have much appeal.
If youre attracted by a shorter, faster mortgage and think you might be able to handle one, ask your real estate agent to show you just how much long-term savings such an approach can make possible. Chances are youll be astonished by the size of the number.
Remember, though, that a 15-year or 20-year mortgage, by increasing your monthly obligations now and for years to come, can sharply reduce your flexibility.
One good approach is to take a 30-year mortgage but try to discipline yourself to make one extra monthly payment each year. If you can stick to such a regimen, ultimately it will yield the benefits of a 15-year mortgage. Meanwhile, youll be less strapped if changing circumstances reduce your ability to make monthly payments.
Whats really important is making yourself aware of how many different options you have and gathering detailed information about the ones that interest you most. A good real estate broker can be your key to all the information you could possibly need.
About The Author
W. Troy Swezey is the author of HOW LONG YOUR MORTGAGE RUNS DETERMINES HOW MUCH YOU PAY. As a Realtor at Century 21 Paul & Associates, he has helped many individuals with their real estate needs. Visit his web site to download his free e-book, REAL ESTATE SECRETS EXPOSED. http://www.troyismyrealtor.com/ or mail to: TroyC21@usa.net
You can find student loans information at loansadvise.com

Senior Communities In Dallas Texas

As the elderly population grows, so do senior community services. These services may be non profit, provided by the government, or for-profit organizations. Urban and suburban residents have greater access to these services than do rural residents, and the quality of service may vary within communities.
Local senior communitiesUsually, local senior communities will offer companionship. Thats in addition to other services, including classes, recreational opportunities, travel, volunteer opportunities, flu shots, and meals. Senior communities are often the heart of activities for older people and are a good resource for additional information.
Transportation servicesSometimes senior communities will offer transportation services for visits to the doctor, to the grocery store and so on. Trips may be limited, however, and sometimes transportation services are only available to those in certain income levels.
Companion programsCommunity groups may sponsor friendly visitor or companion programs, where volunteers make scheduled visits to isolated seniors in their homes. There are also telephone reassurance programs, where volunteers call people to chat and check on their well being. Some public utilities and the U.S. Postal Service offer gatekeeper or home observation programs, in which service people who visit the home regularly are trained to notice anything unusual and report it for investigation and action.
Independent and assisted living programsA senior community can also take the form of independent or assisted living housing, and residents may live in 2 bedroom villas or skyloft apartments. A senior community usually also offers basic services such as utilities, diversified activity programs, an exercise program, health monitoring services, maintenance, scheduled transportation to shopping and appointments, meals, weekly housekeeping, and wellness programs and assisted living. The senior community also offers features that make it self-sustaining, so that residents do not have to leave the community if they do not want to. These features include some or all of the following:
Arts and crafts center
Beauty/barber shop
Billiards room
Free laundry facilities
General Store
Guest apartment if available
Individually-locked mailboxes
Library and living room
Services offered by assisted living programsMost assisted living programs offer some or all of the following personalized health services:
medication assistance
24-hour staff
assistance with personal hygiene
bathing, grooming and dressing
3 meals per day, with snacks
escort to meals and activities
evening assistance at bedtime
What is congregate living?Congregate living, or independent living, is another form of senior communities. It caters to those who want to live among people their own age and have access to amenities such as chef-prepared meals, fitness programs and transportation services. Typically they are rental communities, although in some cases individuals can purchase a home or participate in a buy-in program.
What is special care?Special care usually applies to specialized services for memory impaired residents. Staff members have experience caring for residents with Alzheimers and dementia. Stimulated activities are created with special attention to the needs of patients with Alzheimers.
Inside Dallas Real Estate is a network entirely devoted to real estate information. The entire Inside Real Estate network has more than 100,000 pages of real estate for cities allover the United States. Inside Real Estate covers several topics from the basic how to’s of real estate to city-specific real estate information.
You can find student loans information at loansadvise.com

Investment Homes In Scottsdale Arizona

If you plan to become a landlord through investment homes, do your homework before you buy to find out what type of homes are in most demand in the area.
How to become a landlord with investment home rentals
Talk to rental agents. An agent who handles a large number of rentals can tell you what type of full-time or vacation homes renters are looking for.
Read newspaper classifieds to determine which types of properties seem to be most popular, and how much they are renting for during the different seasons.
If the area attracts a lot of senior citizens, one-level living may be the best choice, or at least a house with the main living quarters on the first floor. Avoid homes where renters must climb stairs to reach the entrance.
Look for a property within a reasonable distance of shopping and area attractions.
Before buying investment homes in a development, make sure the restrictive covenants allow rentals.
Talk to an accountant to verify that the income you can realistically expect to receive is appropriate for the purchase price of investment properties and the projected maintenance fees.
What to look for when purchasing investment homes as vacation homes
Make sure the investment homes are within 10 minutes to the attractions (for example, the most popular vacation homes in Orlando are close to theme parks).
Vacationers will expect a screened and heated swimming pool.
Look for a home that is easy to maintain. Ceramic tile is easy to maintain, has a classy appearance and will survive wear and tear better than carpet.
A pool Jacuzzi, or jacuzzi bath tub is a nice features.
The more privacy the yard provides, the better. People like to sunbathe on their vacations. Water views and conservation area are always a plus.
Larger homes of four to five bedrooms are designed to accommodate more than one family. Having a fully functional kitchen is important, as these customers will be looking to save money on daily maid service or restaurant dining.
Turning investment properties into a business
Property management companies come in two types - those that manage the property and those that rent and manage the property.
Management services: hire individuals to do repairs, property key disbursement and retrieval, make phone service available 24 hours a day for problems that arise and are responsible for the general inspection of the property.
Rental and management services: include all of the above, as well as advertising and finding renters for the property and handling rental payments.
Monthly expenses and additional costs
Your monthly expenses will generally include the following:
property maintenance company
pool maintenance
lawn care
pest control
electricity service
water service
trash pickup
cable service
phone service
Internet service
Additional costs will generally include the following:
property taxes
insurance
advertising and marketing fees
cleaning fees at the end of a rental period
Inside Ann Arbor Real Estate is a network entirely devoted to real estate information. The entire Inside Real Estate network has more than 100,000 pages of real estate for cities allover the United States. Inside Real Estate covers several topics from the basic how to’s of real estate to city-specific real estate information.
You can find student loans information at loansadvise.com

Homeowners Association In Alpine California

Homeowners Associations, or HAs, are legal entities created to maintain common areas and maintain deed restrictions. Most condominium and townhome developments, and many newer single-family subdivisions, have HAs, which are usually created when the development is built. Covenants, Conditions and Restrictions (CCRs) are issued to each homeowner, and Homeowners Associations are established to ensure that the CCRs are adhered to in order to maintain the quality and value of the properties involved.
Features of Homeowners Associations
Membership is mandatory for all property owners within the development.
Members are charged mandatory fees.
Many HAs publish newsletters.
HAs have the authority to enact and enforce maintenance and design standards in order to those established by City ordinances.
HAs are corporations with formal bylaws. There is usually a governing body that hires a property management company to handle maintenance and enforcement issues.
What is provided for
Each HA is a little different. Some are a little more uptight about governing the individual homeowners for instance, banning clotheslines or nets, or requiring that all lawn decorations or furniture have to be pre-approved by the governing body. Nevertheless, it is common for a Homeowners Association to take care of some or all of the following:
Maintain community landscaping
Maintain recreational facilities
Provide space for events or neighborhood functions
Provide security
Arrange for street maintenance
Establish and collect maintenance fees needed to run neighborhood operations
Enforce deed restrictions
Things that are restricted
Street parking
Landscape approval or types of plants
Fence and pool restrictions
Erection of basketball hoops or tree houses
Storage of boats and RVs
Number of pets
Age of residents
Garage door being open (seriously)
Prospective home buyers should:
Read the CCRs for the home and make sure they can live with the restrictions. Some people dont mind, because it means they wont be stuck next to a neighbor whose house brings down their own property value.
Find out what the current dues are. Once the home is bought, the homeowner cant decline to pay the dues. The homeowner can be evicted and the house could be liquidated to pay the debt created by the refusal to pay dues. Homeowners Association dues can range from $20 a month to hundreds of dollars, depending on how much stuff is provided for (for example, trash pickup and lawn care will drive the cost up).
Find out how often the dues have been raised during the history of the Homeowners Association. Are there cash reserves?
Do the governing board members have term limits? Have they attended training sessions on governing Homeowners Associations?
Is there pending litigation involving the Homeowners Association?
There are an estimated 50 million Americans living in some sort of association-governed community. The estimated real estate value of homes in community associations is about $2 trillion. Annual operating revenue for U.S. community associations is $30-35 billion.
Inside Alpine Real Estate is a network entirely devoted to real estate information. The entire Inside Real Estate network has more than 100,000 pages of real estate for cities allover the United States. Inside Real Estate covers several topics from the basic how to’s of real estate to city-specific real estate information.
You can find student loans information at loansadvise.com

14 Common Credit Mistakes

Establishing credit and wisely managing your credit becomes easier when you know how. You’ll feel empowered by taking knowledgeable steps towards good credit, and you’ll be on your way to purchasing real estate and greater financial freedom.
If you plan to finance real estate, either as a home buyer or an investor, avoiding these common credit mistakes will help you with your credit score and save you money in loan costs.
14 Common Credit Mistakes
1. Using expensive or undesirable types of credit costs too much and is negatively scored.
2. Accumulating too many lines of credit or too many credit cards causes credit report remarks like too much consumer credit.
3. Only paying the minimum due keeps balances too high.
4. Being maxed out on any credit card or line of credit causes deep drops in scores.
5. Taking cash advances costs higher interest and extra fees.
6. Exceeding limit and having to pay over-limit fees is a negative with creditors and causes high proportional amounts owed remarks on credit reports and subtracts credit score points.
7. Paying a day or more late causes unnecessary late fees and often increases interest rates.
8. Charging more than you can afford causes a snowball effect of amassing debt with no easy way to pay it off.
9. Letting someone else use your credit, such as co-signing a loan, raises your debt-to-income ratio and possibly adds too many consumer accounts on your credit report, which lowers your score.
10. Ignoring credit problems causes unnecessary negative impact. Talk to creditors before being late and make arrangements. This action heads off negative reporting to credit bureaus.
11. Failure to report address changes to creditors causes misplaced bills and late payments.
12. Using partial name, different names, initials instead of whole name, or forgetting Sr. or Jr. causes mix-ups. Use your full legal name to protect you from confusion with similarly named borrowers.
13. Failure to report name changes to creditors also causes confusion.
14. Not checking credit report frequently is one of the most common mistakes consumers make.
You can buy real estate with poor credit, but you will save thousands in loan costs if you maintain good credit. A bad credit report leaves home buyers with sub-prime loans which have higher point charges, prepayment penalties, and higher interest charges, which therefore cost more money.
For instance, a mortgage loan of $150,000, 30-year, fixed interest rate of about 5.72 percent costs around $870 a month. Poor credit scores raise the interest rate over 9 percent and the payments over $1,200.
As you see from these payment differences, good credit means that you can finance a more expensive house with the same income, or save $330 each month.
Credit Requirements for Mortgages
Credit needed to buy real estate is not the same as good credit. Besides your credit score, mortgage lenders consider your debt-to-income ratio and other credit matters, unlike other credit grantors. Your debt-to-income ratio is the comparison of mortgage payment, including taxes, interest, and insurance to your total gross monthly income. Real estate lenders also consider your employment qualifications and your overall debt ratios. Understanding the difference between good credit and the credit needed to obtain real estate financing helps you buy houses!
Avoiding credit mistakes helps you get strong credit and keeps your credit scores up.
Copyright 2005 Jeanette J. Fisher. All rights reserved. (You may publish this article in its entirety with the following author’s information with live links only.)
Jeanette Fisher helps first-time home buyers and beginning real estate investors build strong credit for mortgage financing. Get your free Credit Tips for Mortgage Financing report at http://www.recredithelp.com/
You can find student loans information at loansadvise.com

Golf Communities In San Diego County California

Just like the game of golf itself, there is more involved in the purchase of real estate in golf communities than meets the eye. For those who have dreamed about owning a piece of land where your favorite pastime is just out your front or back door, consider that those golf balls will also be in your front or back yard. And youll have to clean them up as you dodge more flying golf balls. While this may seem like an extreme case, there is a list of things potential buyers should consider before signing on the dotted line for their piece of putting heaven.
If youre searching for a year-round residence
Sure, the Arizona heat feels nice in the dead of winter if youre from Michigan. But that Arizona heat will be almost unbearable in the summer. If you have your heart set on a golf course with a view of the Grand Canyon, real estate agents suggest employing a snowbird approach. Use the Arizona home as your winter home and keep another home, preferably somewhere cooler, for the summer months. Locales that are nice year-round include Florida, South Carolina, and California.
What real estate agents look at
Golf carts: the little things are cute, harmless and seem like a good way to get around. But if a course uses gas golf carts, you will be hearing the hum of the golf carts motors all day long. If a course is cart path only year-round, you will have the carts close to your home year-round.
Homeowners Association: Most condos and golf communities are part of an HA. These HAs can prevent you from putting up netting to stop the golf balls from flying into your yard. Check out how strict the HA rules are before signing on.
How much does it cost to play a round of golf? There should be a logical ratio between the cost of your home and the cost of a round of golf. If it is a daily fee course and a round of golf goes for $25 in the winter, and your house costs $200,000, the cost of the house is probably inflated. If the course is private, check out the initiation and monthly fees.
Your yard: Does your dream golf home involve the course as an extension of your backyard? Developers have tapped into this, and have eliminated the backyards in some golf communities. This means balls will have a shorter distance to travel before smacking into your windows or house walls. You may also be out of luck if you want to put in a pool to cool yourself off in during the summer.
Location: Property values along a course usually vary with location. Homes located on the tee box or the greens typically fetch the highest price, and those along the fairways are lower priced. However, you should take this a step further. Your house would get pelted with balls all day long if you are on the right side of a par 4, 180 yards down. It would be more preferable to be on the left side of a par 3 or the left side of a par 4, 20 yards out of most golfers driving ranges.
Decrease in property values: When golf communities become overbuilt, they lose value because the interest is not as high in living there. Look at what the development plans are for the community and the area. This is where it may be advantageous to have strong HA rules that prohibit the number of homes going over a certain amount.
Inside San Diego County Real Estate is a network entirely devoted to real estate information. The entire Inside Real Estate network has more than 100,000 pages of real estate for cities allover the United States. Inside Real Estate covers several topics from the basic how to’s of real estate to city-specific real estate information.
You can find student loans information at loansadvise.com

Mobile Homes For Sale In Gloversville New York

Information about mobile homes for sale
Mobile homes, also known as manufactured homes, are assembled in a factory. Each mobile home for sale has to conform to the U.S. governments Manufactured Home Construction and Safety Standards (HUD code), rather than just to the destinations building codes. Each home or segment of the home is labeled with a red tag that is the manufacturers guarantee the home was built to conform to the HUD code. Mobile homes for sale are built on a non-removable steel chassis and transported to the building site on their own wheels. Multi-part units are often put together at the destination.
Can mobile homes for sale be put anywhere?
Mobile homes cannot be placed on any old tract of land. Some towns and communities have restrictions, for cosmetic reasons or otherwise, about where mobile homes can be located. Before purchasing land to locate a mobile home on, research local zoning ordinances, deed restrictions, restrictive covenants, and other documents.
Can mobile homes be moved to another destination?
Mobile homes can be moved, but obviously you will want to take a few precautions. Make sure to use a transport company that either deals only with moving mobile homes or is familiar with the individualities of the construction. Also, consider the zone for which the mobile home was constructed there is a difference between homes built for use in Wisconsin and those built for Florida. Wisconsin homes will need to be protected from the severe cold, snow and other elements, while Florida homes are built in consideration of humidity, high winds, and rain. Therefore, climate differences and the cost of moving the mobile home may make it more practical to sell the home and purchase another at your new location.
Are new mobile homes for sale covered by warranty?
Most manufacturers offer a warranty that covers the home and its systems through a certain period of time. Some appliances (for example, dishwasher, microwave, and so on) may be covered by an individual manufacturer warranty. Before you purchase a mobile home, find out which items are covered by warranty, how warranty repairs are done, and who the warranty is offered through.
A word of caution about mobile homes
Mobile homes usually depreciate in value. While its not true for every mobile home in every instance, mobile homes do not gain value. The land your mobile home is located on could depreciate in value if the surrounding mobile homes are depreciating in value.
Land home packages
Some mobile homes are packaged into a deal that includes the land. If the buyer is confident about the location of the land, this is advantageous because it removes the legwork of finding a mobile home compatible piece of land. If you need a loan or mortgage to finance the purchase, land home packages arent difficult to be approved for, even if you have credit blemishes. However, interest rates can be high. Many people end up paying higher payments for a mobile home than for a traditional home, and traditional homes are considered a better investment.
Inside Gloversville Real Estate is a network entirely devoted to real estate information. The entire Inside Real Estate network has more than 100,000 pages of real estate for cities allover the United States. Inside Real Estate covers several topics from the basic how to’s of real estate to city-specific real estate information.
You can find student loans information at loansadvise.com

Buying A Condo In Chula Vista California

What are condominiums? A condominium is not a specific kind of home, but rather a specific kind of ownership. Condominiums can be townhouses, high-rise flats, or even detached houses. Instead of owning a piece of land outright, as with freehold ownership, condo owners own a space, called a unit, in the condo structure. Each unit is defined by the Condominium Declaration, which is a legal document that describes the condo development in detail and allocates a strictly defined space to each owner. This space usually includes the interiors of the unit (flat or townhouse), down to the drywall or plaster, and in some cases includes public areas like a foyer, interior hallways, party rooms, and gym facilities.
Who runs the condominium development? Every condo development is run by a board of directors composed of elected condo owners. The board is responsible for maintaining condo development. The condo corporation is required by law to establish and maintain a reserve fund, which is a fund set aside for major scheduled maintenance or unexpected repairs. The corporation also collects the monthly common fees from owners to cover the costs of property taxes and insurance.
How is condominium and home ownership different? The main difference is that condo owners must pay monthly common fees, which cover the cost of insuring and maintaining the condo development. Common fees are in addition to paying the costs of financing the condo purchase and vary with the percentage of the total developed space occupied by an owners unit. In a very simple development with above ground parking, no common party rooms or guest suites, and basic gym facilities, common fees may be minimal. However, in a well-appointed (think underground, heated parking areas) or older development, common fees will be higher, as will the maintenance fees they cover.
Who do condominiums appeal to? Condos appeal to a wide variety of homeowners - busy young professionals who dont have the time to cut the lawn, tend a garden or shovel a driveway, people who travel frequently and cant always attend to the demands of a house, and retired people who may not be able to physically attend to a large home.
What determines the value of condominiums? As with any other real estate, the value is ultimately determined by the buyer. These are some factors that will affect real estate value: location, exterior and interior structure, location within the building if its a multi-unit structure, view and closeness to the top floor, and parking.
What are the most important elements to look at when buying a condo? First, consider whether you will be really happy living in a condo, and particularly in the condo in question. Spend some time in the building, walk around the building, visit local businesses and hangouts, and walk around the neighborhood. Make sure you receive and review condo documents. Get copies of the minutes of board meetings so you can see what the issues are and if common fees will be increasing. Talk to some residents to get their opinion on the management and lifestyle.
Inside Chula Vista Real Estate is a network entirely devoted to real estate information. The entire Inside Real Estate network has more than 100,000 pages of real estate for cities allover the United States. Inside Real Estate covers several topics from the basic how to’s of real estate to city-specific real estate information.
You can find student loans information at loansadvise.com

How To Simplify Your Real Estate Buying/Selling Experience

Todays real estate consumer has a lot to consider during the sale or purchase of a home. Be it waiting for the right buyer/seller, mortgage rates, or the moving truck, the experience can take a bit of patience on the part of the consumer. With this in mind, it is incumbent upon real estate brokers/agents/firms to institute services that will the buying/selling process hassle-free.
Realizing this trend is not going away, the CENTURY 21 System has worked to improve the experience of buying or selling a home through the CENTURY 21 Preferred Alliance Program. The program offers consumers and brokers access to strategic alliances with various links to home-related value added products and services. Making the process easier and much more convenient.
Among the products and services offered through these alliances are ADT Home Security Systems, CENTURY 21 Home Protection Plans and Budget Truck Rentals, just to name a few. The programs are offered at preferred pricing for all CENTURY 21 clients. Therefore, the programs involved focus heavily on the immediate, yet long-term value of the service/product for the consumer. For example, homeowners will have their lawn equipment, home warranties, and home security systems for many years of use. All of which come as a result of their purchase/sale through the CENTURY 21 System.
Todays consumer demands that a real estate firm provide more service than just the sale and the purchase aspect of the transaction. With that in mind, our Preferred Alliance Program has been well received and very popular as a result. Customer satisfaction rates are soaring, post-transaction surveys have been very positive which has bolstered the overall success of the program among consumers.
About The Author
W. Troy Swezey is the author of HOW TO SIMPLIFY YOUR REAL ESTATE BUYING/SELLING EXPERIENCE. As a Realtor at Century 21 Paul & Associates, he has helped many individuals with their real estate needs. Visit his web site to download his free e-book, Real Estate Secrets Exposed. http://www.troyismyrealtor.com/ or mail to: TroyC21@usa.net
You can find student loans information at loansadvise.com

No Money! Does It Really Matter? (Free EBooks)

You can use the sellers existing financing for part of the purchase price. Buying subject to you only have to fund the money for the sellers equity! You can get a cash buyer and do a simultaneous close or flip your deal to the buyer for a cash assignment fee. You can sell your contract to another investor, again for a cash assignment fee. You can borrow the money from a private party lender at an interest rate higher than a bank would pay.
You can find a source to back you financially can be a daunting process but the rewards can be great!
Try searching your public records at the local county office and look for property that has been recently sold by HUD, VA, FNMA or any REO Real Estate Owned Lender foreclosed property.
If the buyer of this type of property made a purchase of several properties you may have hit pay dirt for a financial backer or at the least someone who you can locate real estate for a assignment fee.
The deeds should give the mailing address of the buyer. You could send them out a letter and tell them about your flipping/bird dogging business or just give them a telephone call if they are in the book.
John Michael’s Simple Rules
- If you have an appointment show up on time - Be A Professional - Pay attention - Be truthful - Every No Only Makes You Closer To Yes - Don’t be attached to the outcome - No Money! Does It Really Matter? NO!
Who & Where are Investors? Anyone with money - People with money are always looking for a good return! Doctors and Lawyers make a good source along with foreclosure sales, as most who attend are investors.
You can also go with what is called Hard Money this generally refers to privately placed loans as opposed to institutional loans, which usually have more stringent underwriting guidelines, for both the type of property used as collateral and the credit worthiness of the borrower.
The most compelling reasons for using hard moneylenders are:
1. Less time involved 2. Less qualifying to close your transactions!
Equity lender, hard money lender, private investor or what ever term one uses can be a great source of funds to do real estate transactions and the question of how to find them comes up often!
There are numerous ways to do this, and no two investors are exactly alike, so it’s important to be innovative and customize your proposal to the specific hot buttons for each funding source.
One of the greatest advantages of real estate investing is the power of leveraging other people’s money.
Any one who has money could be a source of funds for your real estate purchases.
Another great source is checking your recorders office again looking for individuals who holds mortgages on property. This has provided me a great source for hard money loans.
Simply think creatively, go to the source of funds and simply ask for money. The worst that can happen is you get a NO. Each no only places you closer to a YES.
There are small companies and individual investors willing to invest in your investing projects. Many do charge high interest and points, but it is simply the availability of money, not the cost that you are looking for when you buy, rehab and resale Flip real estate for a profit.
You will find no typical transaction when it comes to hard moneylenders but listed below are some norms:
Interest rates: 10 to 18 percent - Balloon payment: typical, usually due after 1 or 2 years - Most only will want a first mortgage - Loan-to-value ratios run from 50 to 65 percent and in some cases as much as 80% under special circumstances - Points can range from 3 to 10 - You will most likely have to pay the closing costs and due diligence - And commitment fees ranging from 1/3% to 1% of the loan amount
Hard moneylenders are private individuals and small local companies that operate in making loans to the desperate or needy investors the same way regular banks and brokers service traditional customers.
Now keep in mind the people are not going to back you financially just because you think it’s a great deal but following the below listed guidelines can help in this process.
A property purchase project that is clear, concise, realistic, and honest will get investors attention.
Do understand they do not deal in dreams but in fact and profit. You must show them that the project is viable, limited risk, and above all you must have your profit exit Strategy clear and concise.
Most will be looking for experience in you (This can come in your displayed confidence in your project).
You have to get them to believe in your abilities and your feasibility to carry out the project. You should provide them a business plan and you should provide them a project plan.
The more details on the property you provide the better off you will be.
I authored an E-book on this issue that covers creative financing, mortgages, negotiation, scoring system and money sources that may be of some help and I would like to give this away free - This is a PDF zipped E-book.
To download your free books go to http://jmichaelrei.com/html/orderdownload.html and enter the following username and password.
Hard Money Username: HardMoney05 Password: TBfree479
Government Grants Username: GVgrants05 Password: 29free49
This is a large file - 3203 KB so for some it may take some time to download - Please do not contact me on how to download or why you can not download the book as I have posted directions for any download issues.
Good luck and I hope this will help some of you! John Michael
Copyright 2005 JMichael Investments
About the Author: John Michael is an active Real Estate Investor and Coach. FREE Investing Club & Real Estate Investing Site at: http://jmichaelrei.com/
You can find student loans information at loansadvise.com

What To Expect In Closing Costs On A Home Purchase

Many are taking advantage of this years low mortgage rates to purchase a home. Pent up with excitement, many families, who have scrimped and saved for a down-payment, jump for joy when the mortgage lender finally approves their application. But, they should realize that theres a whole new set of expenses that must be covered before actually closing on the sale.
New homeowners are often taken aback by up-front closing costs such as mortgage and title insurance, attorney fees, recording fees and loan points, which can run into the thousands of dollars. But there is no need to be afraid of these charges. With a little background on their purpose and shrewd financial foresight, closings can be a breeze.
A lenders charge for processing the loan can be determined at the beginning of your buying process. Referred to as points, these charges are expressed as a percentage of the total loan. For instance, three points are equal to 3 percent of the borrowed amount. Points can also become a tool for negotiation with the lender and seller. In a buyers market, home sellers will often agree to pay mortgage fees in order to close a deal.
Title insurance can be a substantial expense. The one-time title fee, including search and examination, averages around $430 for a $100,000 home, but its recommended that you check with a local title insurance agent ahead of time to effectively determine what youll owe before closing.
Additional costs, such as attorney charges, and recording, transfer and inspection fees, can also be predicated ahead of time by the buyer. Most often pest and survey inspections, although included in the official closing statement, are conducted and paid for long before the closing date. However, buyers should consider them as additional up-front costs.
Some closing costs, such as points, are fully tax deductible that tax year if you show proof of a separate lump sum payment. They are not deductible in a few cases when the loan is the result of re-financing rather than a home purchase. Application, appraisal, documentation and broker fees can not be deducted.
Some states require payment of property taxes at closing. In some instances, buyers and sellers are asked to put money into an escrow account that will cover any past and future tax obligations. Be sure to check with an attorney or real estate agent before the closing to determine your property tax commitments.
Also, be prepared to pay any assessments if buying a condominium or into an association-governed property. Fees for credit reports, notary public seals and assumptions, which includes the processing of official documents, may also arise.
Knowing what total closing costs will be before starting your home search can help you better understand what price range is right for you. In the end, the process of closing on a mortgage will be easier than you think, leaving more time to plan for your new home.
About The Author
W. Troy Swezey is the author of WHAT TO EXPECT IN CLOSING COSTS ON A HOME PURCHASE. As a Realtor at Century 21 Paul & Associates, he has helped many individuals with their real estate needs. Visit his web site to download his free e-book, REAL ESTATE SECRETS EXPOSED. http://www.troyismyrealtor.com/ or mail to: TroyC21@usa.net
You can find student loans information at loansadvise.com

Credit Cards And Loans So Many Options So Little Time

Credit Cards and Loans sounds like just two things, but in actuality, it is dozens of things. Due to a combination of user preferences, lifestyles, and marketing ideas, there are dozens of different types of credit cards out there. Because of the wide variety of things people need money for and the wide variety of ways to collateralize a loan, there are dozens and dozens of different types of loans out there.
Because of the huge variety of different types of credit cards and loans, you need a really big web site to find out about all of them. If you go off in search of a new credit card, how do you know you’re getting the best deal or even the best type of card for your lifestyle? Sure, you want a card that offers you some sort of a reward, but if you are a soccer mom, do you really need airline miles, or would a card that provides discounts on gas be a better deal for you?
Maybe you are a business owner and your cash flow is getting a little bit tight. You might have thought your only recourse was to get a lousy rate on yet another business credit card. Have you considered one of the many types of factoring that can provide you with quick cash at reasonable rates? What about venture capital to take your business to the next level?
No matter what sort of money you are looking for, you owe it to yourself to get educated on the possibilities and the caveats for that particular type of loan or credit. At http://www.creditcards-and-loans.com/, we have all the info and all the offers you are looking for… and perhaps quite a few you never thought of.
Jeff Pritchard is a successful online entrepreneur with several successful websites. His most recent site provides tons of information for those in search of credit cards and loans: Credit Cards And Loans
You can find student loans information at loansadvise.com

How I Raised My Credit Score 40 Points In 24hrs AND Saved $658 A Month In Interest!

Its never easy to talk about credit. Not with friends, not with family, not online, and, most of all, not with myself. Yes, I let a monthly payment go by here and there. Ive maxed out my share of credit cards. Ive bought cars that I really couldnt afford. I ate out. A lot. At expensive restaurants. And I always ordered the lobster. I always knew, in the back of my head, that I was teetering on the brink of credit destruction. Yet I couldnt bring myself to admit that my credit was going downhill. I continued applying for credit cards anyway. I didnt want to run them up, honestly. It just happened.
One day, reality gave me a swift kick in the rear. I grew weary of renting, so I decided to pursue the proverbial American Dream and purchase a home. I sort of knew that my credit was troubled, but I kidded myself into thinking that it couldnt be that bad. I went to a mortgage company to finance my dream. When I got there, I filled out an application, and they pulled my credit report. I truly was not prepared for what the loan officer said to me next. Im sorry, sir, he said, your application has been declined. I was absolutely stunned and numb. I could not believe my ears. My dreams were decimated in mere seconds. I left the office so dumbfounded that I didnt even remember the drive home. I got back to the apartment and I torched every Homes For Sale magazine in the fireplace.
From that very moment, I resolved to clean up my act. Not knowing much about credit, I had to swallow the last ounce of pride I had and called up the loan officer I met with. They have general guidelines for approving mortgage loans, he explained. One of the major factors that go into an approval is your credit score. Quite simply, the higher your credit scores, the better your chances of being approved. Whats more, the higher your score, the better the terms of your mortgage; that is, better interest rates, better payments, and lower down payments to name but a few. In my particular case, my score was low. Their minimum requirement is a score of 620. My score was 604.
The only way that I could get an approval for a home loan, he said, was to raise my credit scores. The good news, he said, was that he could refer me to their sister company. They specialized in approving mortgages for people with challenged credit. In fact, they have been known to approve loans for people with scores as low as 500!
With a glimmer of hope, I contacted the company he spoke of, known as a subprime lender. Sure enough, they had good news for me. We received your application from our sister company, and Im happy to tell you that we are able to approve you for a mortgage! Something didnt feel quite right, though, so I asked about the terms of the mortgage he approved. It turned out that their loan was going to cost me a whopping $7896.00 in additional interest for the first year, which amounted to roughly an extra $666.00 per month! That was about twice what I used to pay on my car. Think about thatbecause my scores were so low, I had to pay the equivalent of two car payments in order to purchase a house. Heck, I couldve bought a Mercedes with that kind of money, although I probably wouldnt have been approved for a car loan anyway. Not only would the extra interest have a disastrous impact on my bank account, it would price me completely out of my dream home a terrifying thought indeed.
While I celebrated the approval, I shuddered at the terms. I begrudgingly went forward with the lending process. Although I loathed that extra interest, I hated the thought of not owning a home even more. In the meantime, I resolved to find another way. Either I could sign their loan and pay almost $8000 extra just in interest, or I could try again with the first company after raising my score. To me, the choice was clear. At the time, there wasnt much I could afford anyway, let alone two cars worth of payments. I resolved not to pay any more than was absolutely necessary to purchase the house. I had to repair my credit! With no money in the bank and no room on my credit cards, I simply could not fathom spending $400-$500 on a credit repair agency. My creativity had to exceed my financial means for me to get the results I needed.
I was able to obtain a tri-merge credit report and found my aggregate scores were 604, 576, and 606. A tri-merge refers to a single credit report that contains information, including scores, from the three major credit reporting bureaus; namely, Experian (formerly TRW), Equifax, and TransUnion. Each has a unique formula for scoring your credit. Many mortgage companies will use a tri-merge report to determine whether your creditworthiness deserves an approval. Depending on the mortgage company, they will consider one of your three scores and go from there. In my case, the loan officer advised that I needed to get one of the numbers up to at least 620.
Throughout the course of my research, I found a lot of resources that explained the credit repair process. One of the most common methods is to write letters to the credit bureaus, disputing the erroneous information on my credit report that caused my scores to decline. In fact, the credit bureaus themselves explain this process. Basically, you scour your report and locate invalid entries, such as an incorrect credit limit, or even an entry thats not yours. Then, you write a letter to the credit bureau explaining that the information is wrong and ask for it to be removed. If they manage to confirm that the entries are correct, then it stays on the report. If they cant confirm it, off it goes. Make no mistake; this technique is quite effective if done correctly. The problem is credit bureaus, by law, have thirty days to investigate the information. That doesnt even include the time it takes to mail my dispute, and for them to mail an answer back letting me know what happened. At best, it would take about 40 days before I knew anything. I simply could not wait that long. Plus, there was no guarantee that they would remove the information anyway.
Undaunted, I continued my quest to boost my credit scores quickly and inexpensively. Time was running out, however. The closing for the subprime mortgage was only days away. My persistence was rewarded when I managed to discover little-known methods that I utilized to increase my score. As a matter of fact, my Equifax score went from 604 to 644 in only 24 hours! Like a thermometer next to a blue-hot flame, my score shot up 40 points, literally, overnight. I went back to my loan officer, and he was flabbergasted. Never had he seen anyone raise their credit scores so quickly and dramatically. He put my application back through. Miraculously, I was approved!
I saved myself hundreds of dollars a month, and thousands of dollars a year by being able to raise my credit scores. The best part is that, because of the techniques I used, it only took a matter of days and not months like the credit bureaus would have you believe. Theres an adage that says Cash is king. These days, its more accurate to say that Credit is king. Your credit scores have so much impact on your life that it would be catastrophic to take them lightly. By raising your credit score, you can experience the same kinds of savings that I achieved. Youll be able to better afford that dream home or dream car, and youll realize the benefits for years and years to come.
Copyright 2005 Frank Bruno
Frank Bruno has spent the last 3 years assisting hundreds of clients in saving thousands of dollars in Interest rates by teaching them unique techniques on how to quickly and dramatically raise their credit scores. For more information please visit his website http://www.creditscorebooster.com/
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When It Comes To Speed Instant Loans Online Is The Victor

When talking about loans the most important factor that should be considered is the speed and the promptness. A loan that fails to reach you when you need is not at all of any use. To avoid unnecessary delays and to make the loan more prompt, the lenders have now started to choose the online way of lending loans. They are now offering instant loans online which not only provides speed but also ease in the application and approval process.
Online loans have a great deal of variety and you can get a loan for almost any purpose. Online loans provide you instant fund:
- Business purposes
- Purchasing house, car, or other property
- Paying off bills (medical, educational, etc.)
- To meet urgent cash needs.
- Debt consolidation
- Home improvements, etc.
Your needs are limitless. Instant online loans help you in every situation where you are in need of money.
There are certain factors that act behind the quick and instant approval of these loans and which separates it with other regular offline lenders. The basic factor is that online lending involves a very less amount of paperwork as all the required details are either faxed or sent by mail to the lender. So you save your time and money as you do not go and meet the lender personally. The application process in for instant online loans is also very easy. You just need to fill an online application form which will ask you for the necessary details. The time taken by the lender to approve the loan is a game of just a few minutes. Once the lender approves the loan, the money is automatically transferred in your bank account.
Online instant loans cater to all types of borrowers. Be it a student, tenant, homeowner, business person, employed, unemployed, aged, or any other category, instant online loans are available to all. Online loans also give you an opportunity to get loans with a bad credit history. You will get bad credit loans with easy repayment option so that you can repay the loan without any hassle.
Online loan provides you a wide range options. You can get loans in both secured and unsecured forms. A secured loan require you to put collateral against the loan amount The amount that you can get with a secured loan ranges from 3000-75,000 with a repayment term of 2-30 years. While if you cannot put a security you can opt for unsecured loans which can offer you loans ranging from 1000-15,000, for 6 months to 10 years.
Instant online loans are fast, easy and a secured way of borrowing. If you want money without any hassle, just go online and ask for instant loans now.
Tess Ocean has been associated with Instant UK loan. Having completed her Masters in Finance from Yale University, School of Management. She provide useful advice through her articles that have been found very useful. To find Online instant loans, Instant personal loan, Instant personal loans, Instant personal loan UK, UK instant personal loan visit http://www.instantukloan.co.uk/.
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You Found $50000 What Will You Do With It?

If you received $50,000 as a gift (I wish that happens to me), what would you do with that money? Your decision on this will reflect on your financial future of who you become, and how you look at money.
a. save it in the bank
b. buy a nice house or a nice car
c. quit your job or take a long vacation
d. invest it and make it grow
Whatever your decide, it is up to you. Different people have different views on money, some believe that:
(a) It will be safe in the bank, as people want to save money in case something happens, like an emergency, or a sudden lay-off from work. They always want to expect the worst in the future, and thus they will not have a difficult time financially if a problem happens. Moreover, banks also give a minimal interest rate on savings accounts, which thus puts a smile on people’s face.
For most people, they will agree that this is the best decision to make. Your parents and friends will be proud of you that you chose to do this over something else that is stupid.
(b) a house and a car would be 2 of the most expensive things an average person purchases. with this sudden splurge of money, wouldnt people want to enjoy this money and reward themselves with something to make them happy? moreover, people can them show off to their friends on what they can do with so much money. this is one of the biggest problems of having too much money! a lot of people have financial problems of having little money, but many then also have problems of too much money. they will end up on spending it all, and fall back from losing the $50,000, missing the financial status they had in the past. maybe some of these people wont even have enough money to put gas in their new sportscar they just purchased, or wont be able to pay their monthly dues on the car.
(c) with this big amount of money, people might think that they dont really need to work anymore… temporarily. well yes, $50,000 is already more than the average salary of the person in a year, and now they just received it in one day! why should you continue to work for $10/hour where you got a load of money with you?
employees that earn a good $10/hourwill look back again and realize how small money theyre making. some will quit their jobs, and enjoy the money they have. after a while, they spend all their money (on vacations, fine-dine restaurants, road-trips, partying), and dont want to go back to their original lifestlye. $10.hour would be something small for them.
(d) this is where the rich people fall into. for employees, your monthly paycheck earns you a living, and your lifestyle reflects on that number that is written on that piece of paper you receive twice a month. create passive income, money that is put into your pocket whether you work or not. create an investment vehicle, that where you can put that $50,000 into, and make it more! it WILL be risky, and you WILL fail several times, but failing makes you a better investor. you may lose part of the money, but giving up will just leave you with (a), (b), and (c).
you can put that money that you received into real estate investing (my favorite), create businesses (food business, online business, general merchandise, joint ventures, etc.), or paper asset investing (stocks, bonds, mutual funds, collectibles, commodities, part-ownership of businesses, etc.). with good research and due diligence of the investment vehicle you may choose, you can minimize risk, and thus be happy with your decision with what you did with you money!
To sum it all up, your financial future WILL REFLECT ON YOUR ANSWER ABOVE. Just that simple decision will change EVERYTHING on how your future will be. Its just a matter of switching views that will change it; just a simple decision.
Chris Angeles is a young entrepreneur, very young one at the age of 20. He learns more from experiences in the business world and making mistakes rather than from learning everything from school and entering the corporate world. Well he has been doing real estate lately, specifically investing in an apartment building. Learn more about him and check his daily blog on his ventures at http://csa.typepad.com/
You can find student loans information at loansadvise.com

How To Get Credit Reporting Agencies To Help You

The process of clearing credit can be laborious and frustrating. Understanding your rights empowers you and saves you time and effort. By employing the following tips, you can enlist the help of credit reporting agencies (CRAs) as you work to improve your credit rating.
A negative credit report hinders your quest for financing a house. You will have to do a lot of tedious work to clear up any mistakes in your credit report, but remember that CRAs are required by law to protect your rights. They must remove undocumented information on your report.
Once you receive your reports, you will be given a phone number to discuss your report with a real person. Your gentle manners and pleasant conversations with the credit bureau employees will motivate them to help you more than angry words. Remember, these people are just doing their job and they get yelled at day after day by frustrated consumers.
Double-D Line of Attack
Dispute Discrepancies and Document
Complete the dispute form provided with your credit report and write a letter for all discrepancies to both the creditor and the credit bureaus listing the item. Identify each error by their corresponding account number and state why it’s wrong. Include a photocopy of your credit report with the errors circled with your dispute form and letters. Send copies of your supporting documents. Keep your letters in your computer in case you need to write again.
Document, document, document
Keep copies and records of all the dispute forms, letters, and supporting documents that you send. In extreme cases this proof is used by attorneys for settlement or in court.
Credit bureaus must investigate disputes within 30 days of receiving your complaints. Any item that is not verified as accurate by a creditor is supposed to be removed. However, the supposed creditors do not have to provide any supporting documentation. All they have to do is state that the account is reported accurately.
For this reason, after receiving your updated credit reports, check to see what actions were taken. If you still have erroneous information listed on your credit report, you need to start the entire process over again. At this point, take stronger action both with the original creditor and with the credit reporting agencies.
Copyright 2005 Jeanette J. Fisher - All Rights Reserved.
Jeanette Fisher, author of Credit Help! Get the Credit You Need to Buy Real Estate, helps people buy their dream home or finance multiple investment properties. Jeanette teaches real estate investing and Design Psychology. For help with your credit or answers to your questions, visit the Real Estate Help Credit Center at http://www.recredithelp.com Subscribe to Credit Help! Tips. Send a blank email to CreditTips at reCreditHelp.com Get the credit you need to buy one house or twenty!
You can find student loans information at loansadvise.com

How To Build Your Free House

What if you could place an order for the construction your Dream House (made either for your family, or for monthly rental income) and have it built for you in only a few months, or maybe weeks?!
What if you could get other people to do all the work… you wouldnt have to pound one single nail, or need ANY personal experience in building or construction?
What if you could get other people to pay for it… you wouldnt have to make a single payment out of your own pocket.
Best of all, what if I said that you could do this over and over again? And I mean in any country… in the USA, Canada, Europe, Australia, etc… as many times as youd like to?
I am a real estate investor in Southern California, where an average 3-bedroom 2-bath house can easily cost $500,000. No joking! Houses may not cost that much where you live, but they are definitely expensive, no matter where youre looking.
I had two goals as a real estate investor:
First (probably just like you), I wanted my own dream house… and wanted it for a very good price. There was a vision in my mind of the exact property I wanted. Have you ever dreamt of the perfect house for you? I visualized it constantly, I couldnt get the dream out of my mind.
Second (maybe like you, maybe not), I wanted to buy other properties… again, only for a very good price. Then I could earn a lot of money by leasing these other properties to worthy tenants and hiring a property management company to do all the landlord work for me.
But it was hard to find these very good prices. As a real estate investor, I knew how to structure deals so that I wouldnt have to make any payments once I bought a property as long as I could buy the property for a big discount in the first place.
However over the last few years, it has become increasingly hard to find any good properties at all not to mention at a discount. House prices are the highest that theyve ever been!
Youre probably thinking: Of course houses are expensive, but you said youd tell me how I can own one for FREE.
Well, youre about to find out how!
Open a Business.
Here is what you do:
1- YOU NEED TO ESTABLISH AT LEAST (5) ACCOUNTS WITH DIFFERENT VENDORS.
2- ONCE YOU ESTABLISH THE NEW ACCOUNT, YOU WILL NEED TO PURCHASE AN ITEM OR TWO, AND THEN MAKE CERTAIN TO PAY THE VENDOR ON TIME!
3- YOU DO NOT NEED TO PURCHASE MUCH, $25-$200 FROM EACH VENDOR SHOULD BE SUFFICIENT.
4- MAKE YOUR PURCHASES 3-4 DAYS APART
5- LASTLY, MAKE CERTAIN THAT YOUR VENDORS WILL REPORT TO D&B FOR YOU, IF IN DOUBT, ASK THEM!
Following this process can allow you to build a free house!
Ashton Wright had been a successful real estate investor for many years until he stumbled upon a way to build HOUSES FOR FREE.
Take a look at: http://27days27gurus.com/index3.html for more tips and step by step guide on building your free houses.
You can find student loans information at loansadvise.com

Buying A Home With Zero Down Payment In Irvine CA

Years ago, the only person that could buy a home in Irvine with zero down payment using a new purchase money loan were Veterans of War (called a VA loan). In the past several years, there has been an explosion of new loan programs designed to fit most any buyers circumstances. Today, most anyone can buy a home with zero down payment if they have sufficient income and decent credit.
There are three factors that determine if you have sufficient income to purchase a home with zero down payment, and they are: Purchase price of the home, Interest rates, and debt to income ratio that the mortgage program requires. These three factors are interrelated as described below.
The debt to income ratio is the monthly mortgage payment of the zero down loan, divided by your monthly gross income (not your net take home income). This ratio can vary from 35% to 50% dependent upon the loan program, and your credit score. The monthly mortgage payment is determined by the purchase price, current interest rates, and the type of mortgage program, such as 15 versus 30 years, fixed versus adjustable interest rate, etc. There is another ratio that mortgage lenders look at which is the total debt to income ratio which is too complicated to discuss here. This ratio also analysis other debts that you may have such as car payments, credit card payments, etc.
Youre your credit rating is reported by three different reporting agencies called Experian (formerly TRW), EquiFAx, and TransUnion. Your rating is boiled down to a single number, called your FICO score. An excellent FICO score would be about 800 and higher, and good score is about 700 to 800, an average rating is about 600 to 700, and a poor FICO score is below 600. Some mortgage lenders even have some zero down loan programs for borrowers with poor credit ratings at somewhat higher interest payments and lower debt to income ratios.
We are sometimes asked if you can buy a home with no money at all. The answer is no under most circumstances. Even thought the down payment is zero, there are sill some closing costs. Closing costs are typically comprised of loan origination fees, loan processing fees, possibly loan points, Appraisal fee, ALTA title policy, and escrow fee. But there are other options. We can sometimes negotiate with the seller of the home to pay for a large part of your closing costs. Our best result to date, is we helped a buyer purchase a Condo in Irvine and their total out of pocket cash expense was $795! The buyer was a single woman, who was a first time buyer, using a zero down loan that we found for her, and her credit was average. We were able to convince the seller into paying for all of her closing costs except for $795. That home owner now has over $50,000 equity in her home which she can keep tax free if she were to sell that home today!
If you would like to learn more about buying a home in Irvine with Zero down or low down payment, contact Vincent Bindi at 949-388-3396.
Mr. Bindi is a Real Estate Broker with Keller-Williams Realty and has been selling real estate since 1989. Mr. Bindi has sold over 800 homes in his career and specializes in working with home buyers throughout South Orange County, including the cities of Aliso Viejo, Laguna Niguel, Irvine, Mission Viejo, Dana Point, San Clemente and surrounding communities. He holds California Broker License, and has previously held a General Contractors license and manufactured Home dealers license, and has a Bachelors of Science degree from University of Missouri and a Masters of Science degree from Purdue. Mr. Bindi is available for questions or consultation regarding home sales in south Orange County. Or visit his website to search the Orange County MLS.
You can find student loans information at loansadvise.com

Building Wealth With A Self Directed IRA As Simple As 123

Over the next 15 years, baby boomers will be looking for places to invest about $46 trillion from a combination of inheritance and their own qualified retirement plans, such as a 401k from a former employer.
Every major brokerage house and bank in America is well aware of the potential to earn enormous incomes from fees and commissions helping to place this money in secure investments. But, individuals who understand the power of utilizing Self Directed IRAs are in the best position to take advantage of this incredible transference of wealth.
Many boomers are looking at starting their own business and need investment capital to make their dreams come true. Actually, they need look no further than their own retirement accounts. They can tap into these funds to buy a franchise, start a business or simply provide an existing business with working capital.
What about investing in the stock of a private company? Yes, theres no problem with doing that, even if its outside the United States. And, other options, both mundane and exotic, abound.
Then, theres real estate. Most people think the boom is over, but they may be mistaken. According to a report from The Brookings Institute and an article in Business 2.O Magazine (November 2005), more than $25 trillion will be spent in real estate development between now and the year 2030.
To accommodate another 70 million people being added to the population base in the next two decades, 127 billion square feet of new or replacement structures will be added to the existing base of 300 billion square feet.
The executive summary of The Brookings report entitled Toward A New Metropolis: The Opportunity To Rebuild America written by Arthur C. Nelson, states the following:
-In 2030, about half the buildings in which Americans live, work, and shop will have been built after 2000.
-Most of the space built between 2000 and 2030 will be residential space. The largest component of this space will be homes. Over 100 billion square feet of new residential space will be needed by 2030.
-Overall, most new growth will occur in the South and West. In the West, 87 percent of the space existing in 2030 will have been built since 2000.
This report was primarily written for urban, city, regional and state planners so they would understand how to prepare for infrastructure needs to support the increased population base. The need for new water treatment facilities, roads, bridges, schools and general land use planning will be of great concern to everyone, but especially to these planners.
The Business 2.0 article entitled The $25 Trillion Land Grab took the mostly statistical information from the Brookings report and restated it so that it was more readable and understandable. Bottom Line: The development will represent the biggest business opportunity since the end of World War II.
Thats good news for investors. Anyone with a Self Directed IRA can tap directly into this opportunity, whether through equipment leasing, real estate lending or direct investment into a myriad of real estate projects. It all starts with education.
We recommend that clients pick one area of investment opportunity and become experts. Then when conferring with investment advisors and tax consultants, good decisions can be made that will result in building wealth that is potentially much greater than can be realized by only investing in the securities markets. As we like to say to our clients, its as simple as 1-2-3: Learn, Setup and Invest.
Robert Hubbard is the President and CEO of www.IRA123.com. The website provides a resource for those interested in setting up a self directed IRA for investing.
You can find student loans information at loansadvise.com

อัลเบิร์ต ไอไสตน์ กับ Rule of 72 !

คงมีคนทั่วไป น้อยคน ที่จะรู้จักกับ มหัศจรรย์แห่งเลข 72 หรือ Rule of 72 ซึ่งเป็นสิ่งที่ นักฟิสิกส์รางวัลโนเบล ที่เก่งที่สุดอีกคนของโลก อย่าง อัลเบิร์ต ไอไสตน์ เป็นผู้ค้นพบ !
เรื่องนี้ เป็นสิ่งที่ นักลงทุน (invester) รู้จักกันดีครับ มันคืออะไร!

The rule of 72 is a rule of thumb (credited to Albert Einstein) that investors use to approximate the time it takes for money to double at a given rate of return. It states that if you divide the number 72 by any given rate of return, the answer you get is the time it takes for money to double at that given interest rate (assuming you can get the same rate each year and it is compounded annually). For example, if you earn 10% on your money it would double in 7.2 years (72 divided by 10 = 7.2). The value 72 is a convenient choice of numerator, since it has many small divisors: 1, 2, 3, 4, 6, 8, 9, and 12. It provides a good approximation for annual compounding, and for compounding at typical rates (from 6% to 10%). The approximations are less accurate at higher interest rates.
กฎนี้ เป็นกฎ ที่นักลงทุน ใช้ประมาณเวลาที่เงินจะเพิ่มขึ้นเป็น 2 เท่า ที่ อัตราผลตอบแทนที่กำหนด ใจความมีว่า ถ้าคุณ หารเลข 72 ด้วย อัตราผลตอบแทนใดๆ คำตอบที่ได้ คือเวลาที่จะใช้ในที่เงินจะเพิ่มขึ้นเป็นสองเท่าตามอัตราดอกเบี้ย (สมมติว่าคุณได้รับอัตราเดิมๆ แต่ละปี และคิดเป็นรายปี) ตัวอย่างเช่น ถ้าคุณได้รับดอกเบี้ยอัตรา 10% เงินจะเพิ่มเป็นสองเท่า ที่ 72/10 = 7.2 ปี โดย 72 นี้ เป็นตัวเลขที่สะดวกในการคำนวณ เพราะมีตัวหารน้อยๆ ที่หารได้จำนวนมาก (1,2,3,4,6,8,9,12) มันจึงช่วยให้ผลการประมาณที่ดี สำหรับการคำนวณรายปี ที่มีอัตราปกติทั่วไป (6% - 10%) โดยการประมาณจะถูกต้องน้อยลง ที่อัตราดอกเบี้ย สูงขึ้น
Albert Einstein
The Rule Of 72Compound Interest - Not E=mc2 - Greatest Discovery
Albert Einstein is credited with discovering the compound interest rule of 72. Referring to compound interest, Albert Einstein is quoted as saying:"It is the greatest mathematical discovery of all time"
ขอเพิ่มเติม ความรู้จากเวบไทยครับ (http://ba.bu.ac.th/ejournal/FI/FI%2013/FI%2013.html)

เลขเด็ด 72

เรื่องของเลขเด็ด 72 ที่จะกล่าวถึงนี้ น้องๆอย่าเพิ่งเข้าใจว่าจะมาใบ้หวยบอกเบอร์อะไรหรอกนะค่ะ เพราะจริงๆแล้วเลขเด็ด 72 ที่ว่านี้จะอธิบายถึงกฎของเลข 72 ซึ่งเป็นหลักการง่ายๆที่จะนำไปใช้ในเรื่องของการวางแผนเบื้องต้นเกี่ยวกับเงินๆทองๆได้นั้นเองค่ะโดยกฎของเลข 72 จะทำให้เราสามารถทราบได้คราวๆว่า... จะต้องใช้ระยะเวลานานแค่ไหนที่เงินของเราจะเพิ่มขึ้นเป็น 2 เท่า ณ อัตราผลตอบแทนที่กำหนด หรือพูดง่ายๆก็คือเป็นการหาว่าถ้าเรามีเงินอยู่ก้อนหนึ่งแล้วนำไปลงทุน จะต้องใช้เวลานานกี่ปีที่เงินก้อนนั้นจะเพิ่มขึ้นเป็น 2 เท่านั้นเองค่ะตัวอย่างเช่น ปัจจุบันถ้าเรามีเงินอยู่ 5 แสนบาท นำไปลงทุนโดยฝากธนาคาร อัตราดอกเบี้ยเงินฝาก 3% เราจะต้องรอนานเท่าไรกว่าที่เงิน 5 แสนบาทของเราจะกลายเป็น 1 ล้านบาท วิธีการคำนวณง่ายมากโดยใช้กฎของเลข 72 สูตรก็คือ

ดังนั้นจากตัวอย่างนี้ ถ้าเราฝากเงินไว้ 5 แสนบาท เราก็จะต้องใช้เวลารอนานถึง 24 ปี (คำนวณโดยการนำเลข 72/3 ) กว่าที่เงินของเราจะกลายเป็น 1 ล้านบาท เห็นอย่างนี้แล้วหลายคนคงเริ่มท้อแท้ใจกับการลงทุนโดยฝากเงินกับธนาคารกันแล้ว ดังนั้นเรื่องของการลงทุนจึงเป็นเรื่องสำคัญมากๆที่ทุกคนควรต้องศึกษาทางเลือกในการลงทุนอื่นๆเพื่อเพิ่มโอกาสทางการเงินให้กับตัวเองนะค่ะ ตัวอย่างเช่นถ้าเรามีทางเลือกในการลงทุนวิธีอื่นที่ให้ผลตอบแทน 12% เราก็จะใช้เวลาแค่เพียง 6 ปี(72/12)เท่านั้น เงินของเราก็จะเพิ่มพูนขึ้นกลายเป็น 2 เท่าได้และนอกจากกฎของเลข 72 นี้จะนำไปใช้สำหรับการคำนวณเงินลงทุนแล้ว ยังสามารถนำไปใช้ในการคำนวณภาระหนี้สินได้อีกด้วยค่ะตัวอย่างเช่น ถ้าเราเป็นหนี้บัตรเครดิต 50,000 บาท ดอกเบี้ย 18% ก็แสดงว่าถ้าเราไม่รีบชำระหนี้ให้หมด หนี้ 50,000 บาทนี้ก็จะเพิ่มขึ้นกลายเป็น 100,000 บาท เพียงแค่ระยะเวลา 4 ปี (72/18) เท่านั้น รู้ถึงความร้ายแรงของหนี้สินแบบนี้แล้ว น้องๆก็ต้องรู้จักวางแผนการใช้จ่ายเงินทองให้ดีๆนะค่ะเพราะมิฉะนั้นอาจตกอยู่ในวังวนของหนี้สินได้แบบไม่รู้ตัวเลยละค่ะ

มารู้จัก Gill Bates กัน !!!

ในหนังข่าว(ปลอม) The Onion Movie มีเรื่องราวตอนหนึ่ง กล่าวถึงเครื่อง PC ยี่ห้อ Bates XXXX

โดย XXXX แทน version คนซื้อมาถามหาคอมพ์รุ่นใหม่ๆเพื่อใช้งานพื้นๆ และบอกคนขายว่าเขาใช้ Bates 1000 อยู่ (ที่ร้านวางขาย Bates 4000) สุดท้ายก็ยอมซื้อไป พอซื้อเสร็จในทีวีกำลังโฆษณา รุ่น Bates 5000 อยู่ นายคนซื้อก็แจ้นกลับไปเปลี่ยนเป็นรุ่น 5000 ขณะกลับบ้านเพื่อเอาเจ้ารุ่น Bates 5000 ไปบ้าน ฟังวิทยุ กำลังโฆษณา รุ่น 6000
คนซื้อก็กลับรถแทบไม่ทันเพื่อไปซื้อรุ่น 6000 ตอนกำลังจ่ายตังค์ พนักงานคุยกัน
"วันนี้ bates 7000 มาส่งแล้ว เราจะทำอย่างไรดีกับเครื่อง Bates 6000 ใน stock ครับ"อีกคนทำหน้ายี้ ๆ (ขณะที่คนซื้อกำลังซื้อรุ่น 6000 อยู่!) "ใครจะไปสนใจ ก็เอาไปทิ้งแล้วกัน มันก็ขยะดีๆนี่เอง"

Len Cariou is excellent as the Onion News anchorman who holds this movie together. The sketch with the guy who buys the latest computer only to always find out a second later it is the old model is also great -though the joke is a bit old-- and features computer guru Gill Bates finally getting what he deserves.

Yoga - Benefits of Yoga

Yoga is an ancient practice that helps create a sense of union in body, mind, and spirit. The most important benefit of yoga is physical and mental therapy. The aging process, which is largely an artificial condition, caused mainly by autointoxication or self-poisoning, can be slowed down by practicing yoga. Although yoga has been shown to be beneficial in a variety of conditions, it is not considered a therapy for specific illnesses. Yoga also strives to increase self-awareness on both a physical and psychological level.

This allows people to take early collective action, such as adjusting posture, when discomfort is first noticed. Practicing yoga can provide chronic pain sufferers with useful tools to actively cope with their pain and help counter feelings of helplessness and depression. Laboratory tests have proved the yogi's increased abilities of consciously controlling autonomic or involuntary functions, such as temperature, heartbeat and blood pressure. Patients who practice yoga have a better chance of gaining the ability to control their breathing problems.

In general, yoga is a very safe form of exercise for most people. For those with specific back conditions, it is advisable to speak with one's treating physician prior to starting yoga. Yoga is dynamite to make you feel younger with heightened mental prowness. Longer life often result from following yogic ways of health maintenance. Yoga is approximately 4,000 years old and is a scientific methodology aimed at uniting the mind, body, and spirit. Yoga is believed to reduce pain by helping the brain's pain center regulate the gate-controlling mechanism located in the spinal cord and the secretion of natural painkillers in the body. Breathing exercises used in yoga can also reduce pain. Yoga has consistently been used to cure and prevent back pain by enhancing strength and flexibility. Both acute and long-term stress can lead to muscle tension and exacerbate back problems.

Biochemical Benefits of Yoga

Biochemical benefits of Yoga are as follows:

1. Sodium decreases.

2. Triglycerides decrease.

3. Cholinesterase increases.

4. Hemoglobin increases.

5. Total white blood cell count decreases.

6. Thyroxin increases.

7. Vitamin C increases.

Exercise Benefits of Yoga:

1. Rapid forceful movements.

2. Increased muscle tension.

3. Moderate to high caloric consumption.

4. Fatiguing.

5. Imbalance activity of opposing groups.

6. Boredom factor.

Physiological Benefits of Yoga

Some of the Physiological benefits of Yoga are as follows:

1. Pulse rate decreases.

2. Cardiovascular efficiency increases.

3. Musculoskeletal flexibility and joint range of motion increase.

4. Posture improves.

5. Strength and resiliency increase.

6. Immunity increases.

7. Pain decreases.

Juliet Cohen writes articles for yoga and health. She also writes articles for health beauty tips

Article Source: http://www.articleclick.com