Posted by Elizabeth Dennis on December 30, 2009 | No Comments
An essential, eye-opening look at planning for the associated costs of home ownership (i.e. those beyond the monthly mortgage payment). Learn how much in savings homeowners should have for maintenance and unforseen expenses. See how the initial home inspection report can be a useful guide for budgeting home projects. Also included is a quick list of those regular monthly expenses new to former renters.
From the resource: “The cushion (for improvements and surprise expenses often isn’t easy for first-time home buyers to have — especially after they’ve scrimped and saved for their down payment. And there are many first-time buyers in the market now, due to affordable prices, low interest rates and a federal tax credit.
Source: MarketWatch
See if you are ready to buy a home at Newbuyer.com.
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Posted by Elizabeth Dennis on December 30, 2009 | No Comments
A high-quality, must read about mortgage loan pre-payment penalties. Learn how borrowers often agree to pre-payment penalties in exhange for lower interest rates. When these buyers refinance their loans (within the first three to five years), they are faced with significant pre-payment fees. Often the savings from the negotiated low interest rate are not enough to cover the fees.
From the resource: “Lenders say prepayment clauses aren’t a hidden fee but rather an option they offer to borrowers seeking better terms. In return for accepting the penalty, borrowers generally get a rate about one eighth to three eighths of a point below the market rate.”
Source: Wall Street Journal
Learn more about negotiating mortgage terms at Newbuyer.com.
Posted by NewBuyer on December 30, 2009 | No Comments
This two-part article is a helpful guide to negotiating for your used car. Tips include: finding a used car dealer with a good reputation and who has been in business for a number of years, doing plenty of research ahead of time, taking along a friend, not talking too much, not patronizing the dealer and more.
From the resource: “People do tend to go into used car deals with anxiety. By following some key steps, that sense of trepidation can be avoided.”
Source: rightusedcars.com
Read More About Used Car Dealers at Newbuyer.com
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