Settling Down in Your New Home

It can seem a very long road from finding somewhere new to live, selling your home, finding a removal company and getting settled in your new home. Moving house is a process which cannot be rushed, it is also known to be one of the most stressful things that the average person will do in(…)

How to Get a Pre-Approved Mortgage

[imaioVideo v=1] If you want to get pre-approved for mortgage remember that agencies consider pro-active buyers valuable study the ways you are qualified and ready. It’s a big step. You will need money management, lenders, a credit scores, and savings. Step 1: Manager money: paying monthly bills on time in preparation for a pre-approved loan.(…)

Saving Money on your Removal Costs

It is said that moving home or offices is one of the most stressful things that we can do. With so much to deal with it is a fine balance between keeping stress levels down and also keeping within your budget as well. There are many professional moving companies out there which will offer a(…)

Home Owners

Easing Your Way Into Homeownership: How Your Real Estate Agent Can Help You Qualify For A Low Down Payment Mortgage by: W. Troy Swezey For many renters, the first step in buying a home is becoming educated about the process. If you’re like many people considering a home purchase, you’ve spent nights and weekends poring(…)

Guides to Mortgage Programs

Easing Your Way Into Homeownership: A Guide To Low Down Payment Mortgage Programs   by: W. Troy Swezey   There’s no question about it: Buying a first home is a big financial commitment. In most cases, a home is the largest single purchase an individual or family will make in a lifetime. However, because of(…)

Settling Down in Your New Home

Settling Down in Your New Home

new homeIt can seem a very long road from finding somewhere new to live, selling your home, finding a removal company and getting settled in your new home. Moving house is a process which cannot be rushed, it is also known to be one of the most stressful things that the average person will do in their lifetime. Planning ahead and preparing yourself is one way that you can reduce the stress when moving home. Sometimes it is definitely worth paying a company to try and remove some of this stress.

Finding a Home

No matter where you are moving to and how far of a distance, sometimes trying to find your new home seems like an endless chore. Trudging round looking at house within your budget and in areas that you wish to live, finding the perfect home can take a bit if foot work. You can save on this though if you use the internet to do a lot of the looking beforehand. If you already know the area in which you wish to live, then there will be countless houses advertised on the internet with detailed information and also pictures for you to look at. You can even use software such as Google Earth to get a perspective of the house and its surroundings before you even pay it a visit. This way you can narrow down your search and arrange to see a list of house that you are interested in, all in the same day or spread over a weekend.

Packing

One way to remove a lot of the stress and also physical work of moving home is to hire a removal company to do the job for you. Having four or five companies coming to your house and surveying the contents to work out a quote is much easier than packing everything yourself. There are lots of different companies out there and getting a quote is free of charge so it is best to get as many as you can. Always check the level of insurance coverage offered, in case of any accidents or damage to your property whilst it is in transit. Once you have made a decision on the house removal company that you will use, you just need to arrange the date of the move. When that day arrives they will come with their truck and armed with boxes, packing material and tape. It will not be long until the entire contents of your house are packed up into boxes and loaded onto the truck, ready to start their journey to your new home.

Decorating before you move in

Most houses are going to require some decorating before we will be really happy with them. If you can get this done before you move, then it will save a lot of hassle in the long run, as you have a completely empty house with no furniture getting in the way. You will be able to get everything decorated to suit your tastes and also your furniture before you move in, meaning you will have less things to do and can settle into your new home quicker. This is not always possible though especially if you are buying a house which is part of a selling chain and everyone is on a strict deadline to move.

Settling in

Whether you have a chance to decorate before you move in or not, when the removal company arrives with their truck and your belongings in it, it won’t be long until the same fast moving process can be observed working in reverse. Getting all of your furniture assembled and in the desired location. Unpacking everything from the boxes and putting them in the correct room. All you need to do is tell them where to put it and the job is done. Not only that, but they will also clean up after themselves and take all of their rubbish with them as well. What better way to move into your new home? All you need to do is sit down in your favourite chair after all of the work is done, put your feet up and enjoy a nice glass of wine or two as you settle in to your new home.

By-Line:

This article was written by Nicholas Holmes on behalf of the House Removals Company. The Removal Boxes UK is an industry leaders in moving homes and offices to anywhere in the world. Nicholas is a keen blogger and has moved homes many times including on three different continents. He also enjoys sharing his experiences on his many blogs.






How to Get a Pre-Approved Mortgage

How to Get a Pre-Approved Mortgage

[imaioVideo v=1]

mortgageIf you want to get pre-approved for mortgage remember that agencies consider pro-active buyers valuable study the ways you are qualified and ready. It’s a big step. You will need money management, lenders, a credit scores, and savings.

Step 1:

  • Manager money: paying monthly bills on time in preparation for a pre-approved loan.

  • Plan for a total home loan payment including fees, taxes and insurances that should be between 28-35% of your gross income.

Step 2

  • Consult with lenders: consult 2 or 3 lenders before looking for another home

  • Establish your price range and shop for the best rates

  • Be aware of pushy mortgage officers instead opt for a lender that can be honest about whether your credit, income or budget come out short.

  • The pre-approval process does not obligate you to a lender

Step 3:

  • Verify credit, income and asset to ensure you can make the monthly payments on the house.

  • Provide W2 statements for the last two years: tax returns, bank statements and anything else that potentially you might need.

Step 4

  • Consider that a loan can affect your credit score, especially if you have applied for credit cards recently,

  • the score will ignore mortgage, auto and student loan enquiries made the month before your scoring however.

  • Save enough to put down at least 10-20% of the price of home as a down payment.

Step 5

  • Expect that the seller will want to know that you are working with a financially sound institution.

  • Network with a good local real estate agent to get a good recommendation

  • Pre-approval letters are typically only valid for 90 days, after which they expire and the process must begin again.

Step 7

  • Notify the institution whenever your financial situation changes: credit, job status, income or asset, in case your pre-approval needs to be adjusted.

  • In the process of being pre-approved don’t leave anything to chance. You want to make sure that everything is in place when you find your dream house.

Did you know?

According to the US department of treasure and the department of houses and urban development as of 2012, more than 116,000 home-owners had permanent mortgage modifications? Almost double the year before.

 






Saving Money on your Removal Costs

Saving Money on your Removal Costs

save moneyIt is said that moving home or offices is one of the most stressful things that we can do. With so much to deal with it is a fine balance between keeping stress levels down and also keeping within your budget as well. There are many professional moving companies out there which will offer a complete moving service, or a partial service, depending on your needs and budget. If you are looking to utilize a removal service then there are some things which you can do to keep costs down and also keep the stress levels manageable.

Getting Organized

When you use a professional removal service, they can come in and pack up your home and office into boxes before loading this on the van or truck. This is included in a lot of their prices but it may be a case that your budget will only stretch to the actual loading of the van and not the packing of the house as well. If this is the case then there are a few things which you can do to get yourself organized and make the move as hassle free as possible. When you initially look at the task of getting your home or office packed up into boxes, it can seem very daunting. Before you start packing you will need the following items;

Removal Boxes (Various Sizes)

Packing Tape

Large Marker Pens

Packing Paper

Paper & Pen

Personally I think the best place to start is with the most labour intensive room in the house. This will either be the kitchen or the garage in most cases. It is best to work on one room at a time and slowly and methodically work your way through the house or office. When you are packing the boxes always make sure that you put the heaviest items on the bottom and dot not over pack the box making it too heavy to lift. Make sure there is plenty of tape on the box to hold it together. When the box is full you then need to seal it, making sure everything is well packed inside first. Once this is done it is worthwhile numbering the box with your marker pen and also naming the room it was packed in. You can keep a brief list on your paper of the general contents of the box. This will come in extremely handy when you have reached your destination and are unpacking the boxes. By packing your home in this way you can save money on the overall costs of moving. The one downfall to this solution is that you may need to take your own insurance out to cover damages in transit.

Using the Professionals

Alternatively if you are more concerned about stress levels rather than cost, you may decide to use a professional company to facilitate your move. This may cost you more but it is definitely a lot less hassle, especially if you have kids or pets. In order to locate a company you may want to check your local paper or on the internet. It is advised that you get a minimum of three quotes from different companies, but the more quotes you get the better. Most of them offer the same service but you may be surprised in the different prices you will be quoted. Then when you have decided which company to use sit back and watch them systematically pack your entire home into boxes and a van in a matter of hours. You would be surprised at how quickly they can pack all of your belongings. Then it is off to your new home or office and they will just as quickly unpack everything as well. The added bonus about using a company like this is that you will be insured for any damage to your property whilst in transit, which is just one less thing to worry about.

Summary

You can save yourself some money if you look to move yourself into your new home or workplace, however the extra stress which can be added by doing this, does not necessarily make it the best option. It is all down to personal choice and also budget. Just remember that if you are going to use a professional company, make sure they are industry accredited and have a good reputation as well as fully insured. Choosing cost over stress, I know which one I would choose. Less stress everyday!

By-Line:

This article was written by Viviana Alberti for The House Removals Company. The House Removals Company is market leaders in relocation services. Viviana has two teenage children and has relocated her family several times. She enjoys sharing her stories and experiences in her blog.






Home Owners

Easing Your Way Into Homeownership: How Your Real Estate Agent Can Help You Qualify For A Low Down Payment Mortgage

by: W. Troy Swezey

For many renters, the first step in buying a home is becoming educated about the process. If you’re like many people considering a home purchase, you’ve spent nights and weekends poring over your local real estate section. You’ve talked to friends and relatives about their experiences. Maybe you’ve even purchased a book or tow to help you become more familiar with real estate terminology and the various types of mortgages commonly used today.

Coming up with a down payment and finding a loan that meets your needs are the greatest hurdles faced by first-time homebuyers. So, you may even have leafed through stacks of brochures and flyers from lenders offering down payments that are far less than the 20 percent you’d always thought you’d need to save before you could buy. With so many excellent first-time buyer programs to choose from these days, you practically need to be an expert to sort through them all.

That’s why if you’re a first-time homebuyer seeking a low down payment loan, you’ll save time by selecting a professional real estate agent who is experienced in working with people just like you in the area where you plan to buy. An agent who frequently assists first-time buyers will know from experience which lenders in your area offer a low down payment program that will most closely match your needs.

A professional real estate agent can help you determine whether you are likely to qualify for these special programs, since participation in some may be limited to buyers under a certain income level or for the purchase of homes below a certain purchase price. Your agent also will be able to tell you whether there are other requirements you must fulfill in order to be considered. With some programs, for example, you must attend an educational seminar before you can be considered for one of these low down payment loans.

It’s important that your agent become familiar with your current financial situation. Before you meet with your agent to discuss your financial situation and housing needs, you’ll want to collect some basic information to make the process easier. Be prepared to show recent paycheck stubs or pay vouchers to certify sources of income; a complete list of current credit card, auto and other consumer credit payments you make each month; and recent bank and savings statements. These documents will help you and your agent determine how much home you can afford. It’s also important that you disclose any prior credit problems or late payments. Your agent may be able to suggest ways to remedy any negative remarks on your credit report that could disqualify you from a low down payment loan program.

In addition, because most lenders will require that you have several months of house payments in the bank as a reserve, your agent may be able to suggest ways you can increase your savings in the weeks and months leading up to your home purchase. Don’t forget that some programs allow you to apply a cash gift from a family member to cover the required down payment and losing costs.

Your agent also may know a motivated seller who would be happy to assist you
in accomplishing your home purchase by caring a second mortgage. A second mortgage
is helpful because it reduces the amount of the first mortgage you need to obtain.
In some cases, a second monthly payment and generally is required to protect
the lender when a down payment is less than the standard 20 percent of the loan
amount. Even if your seller isn’t willing to take a second mortgage to
complete the sale, he or she may be willing to pay your closing costs, which
will reduce the amount of cash you need to have on hand up-front.

With interest rates edging up, innovative mortgage financing programs that
require a low down payment are even more important than ever to first-time buyers.
A professional real estate agent can help you sift through the countless programs
that are available and help find the one that’s mortgage can eliminate
the need for private mortgage insurance, which is added to your right for you.






Guides to Mortgage Programs

Easing Your Way Into Homeownership: A Guide To Low Down Payment Mortgage Programs

 

by: W. Troy Swezey

 

There’s no question about it: Buying a first home is a big financial commitment. In most cases, a home is the largest single purchase an individual or family will make in a lifetime. However, because of the tax advantages afforded to homeowners, buying a home also can be one of the best financial decisions you’ll ever make.

Problem is, many would-be homeowners remain renters simply because they mistakenly believe mortgage lenders require that buyers come up with 20 percent of the purchase price as a down payment. While it’s true lenders feel it’s less risky to work with buyers who are able to bring a substantial down payment to the table, the standard 20 percent requirement is fast becoming a relic of the past. In recent years, lenders have become more flexible in working with first-time homebuyers by creating a variety of special programs that require only a small down payment. These programs, combined with the most favorable interest rates in two decades, have encouraged growing numbers of renters to consider the tremendous benefits of home ownership.

While the list of programs offered by individual lenders is too extensive to mention in detail, here are some common programs you are likely to come across as you work with your real estate agent to purchase your first home:

Federal Housing Administration (FHA): FHS mortgages allow homebuyers to purchase a home with as little as a 5 percent down payment, and to finance all non-recurring closing costs. The current maximum loan amount in most urban markets is $151,725. In addition, borrowers are allowed to use up to 41 percent of their gross income toward paying mortgage debt – well above the ratio allowed under most private programs.

Department of Veterans Affairs (VA): VA mortgages allow veteran or active service personnel purchase home with no down payment, up to the current maximum price of $184.000. However, there is no purchase price limitation for buyers able to make a down payment. Like the FHA program, VA borrowers can put up to 41 percent of gross income toward their mortgage debt.

Mortgage Revenue Bonds and Mortgage Credit Certificates: Mortgages funded with these instruments typically require a minimum of 5 percent down and have interest rates that are 1.5 to 2 percentage points below conventional 30-year fixed rates. These types of loans, offered by state and local housing agencies, are available only to first-time homebuyers. There generally are income and purchase price caps that vary, depending on where you plan to buy.

Private Mortgage Insurance: Most major lenders offer privately insured mortgages, which generally require a 10 percent down payment (although some lenders offer loans with a 5 percent down payment to buyers with exceptional credit). These loans typically are not limited by maximum loan amount or purchase price limitation.

Community Homebuyer Program: Through their networks of mortgage lenders, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) offer Community Homebuyer Program loans. These programs require a 5 percent down payment, 3 percent of which may be a gift. To further help buyers qualify, applicants may use 38 percent of their gross income. Currently, the maximum loan amount available through these programs is $203,150.

Clearly, there are a lot of options for first-time homebuyers. While lenders will be more than happy to share information about their own programs, you can save yourself a good deal of time by first selecting a professional real estate agent who is experienced in working with first-time buyers in the areas where you plan to buy. A lot of lenders use printed media such as leaflets or flyer printing to reach the right buyers and are able to relay a true message to first, second, third and so on buyers.

An agent who focuses on first-time buyers will know from experience which lenders in your area offer a low down payment program that will meet your unique needs.

Today, taking the first step toward owning your own home is easier than before. Your real estate agent is your best resource for finding innovative ways to help you come up with a down payment and qualify for financing. There’s certainly no need to wait until you’ve saved a 20 percent down payment!