financial planning basics | personal finance 101




Homeowners: What’s Your FOCUS?

You’ve made the decision, it’s the right time, to locate, and purchase, a home, of your own! Many factors go into that decision, including needs, financial ability, affordability, location, neighborhood, transportation, and, of course, the house you choose, to be, yours. However, in order to do so, in the most effective manner, it requires a considerable amount of true commitment, and understanding your personal, true needs.

Property Buyers – How They Work

Property buying is a serious business for everyone concerned. There are many people who want to sell their property fast and for many reasons including time, money, trust, obligation, mutual understanding among many others. Each property has it’s own set of risks. A property owner is a proud parent of his property, but should some unforeseen circumstance ever come up, the first people he may want to turn to are professional property buyers. In the time of a homeowners trauma, a property buyer suggests advice and guidelines to help an owner get the best out of his property as well as help him to sell it.

The Right Mortgage Option for Buying a Home

Getting pre-approved for a mortgage is part of the home-buying process. All financing home buyers must ensure their debt-to-income ratio and FICO scores are qualifying. Aside from these commonalities, home buyers must figure out what type of mortgage option is right for them.

Financial Factoring Behind Home Ownership

Many home buyers blindly believe owning a home is better than renting, financially speaking. Owning is often more affordable than renting. The important thing is to buy your home wisely with forethought and planning. In addition to providing a residence, a home is an investment that can have a positive or negative outcome.

Picking the Right Mortgage Broker

About half the deals that I do are with mortgage broker that I recommend. The other half is a toss-up. Meaning I never know who I am going to get to work with. Yes, work with. A lot of buyers think that they will be the only ones working with their lenders, however as a real estate broker, I put in a lot of time with them as well. It’s my job to make sure that they have all the documents necessary for the sale, as well to make sure that our mortgage approval deadline is met.

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