tag:blogger.com,1999:blog-80667606431671960882011-11-27T17:19:34.594-08:00Dr Harold Stanberghttp://www.blogger.com/profile/11720134728058652965noreply@blogger.comBlogger11100tag:blogger.com,1999:blog-8066760643167196088.post-3422554155825604412009-11-05T04:53:00.000-08:002009-11-07T06:49:16.277-08:00<meta name="google-site-verification" content="ekCy6Amgrt9bT9y18fDb9twoLWCj4JWLOwxKrlpwy0M"> <br /><div style="text-align: center; font-weight: bold;"><span style="font-size:180%;"><span style="font-size:130%;"><span style="color: rgb(51, 51, 255);">Information that all would be home owners should know:</span> <br /> <br /></span></span></div> <br /><span style="font-weight: bold; font-style: italic; color: rgb(255, 102, 0);font-family:courier new;" >A Home what is it?</span> <br /> <br />A place you can feel safe, Somewhere that is comfortable, A place that you can call <br />your own, a magical building full of happy memories and good times. <br />Unsurprisingly you will find many people willing to do whatever it takes to become a <br />homeowner. There are ways that you can achieve homeowner status. <br /> <br /><span style="font-weight: bold; font-style: italic;"> <span style="color: rgb(255, 153, 0);">There are two types of homeowner loans</span></span><span style="color: rgb(255, 153, 0);">. </span> <br /> <br />There are the <span style="color: rgb(255, 0, 0); font-weight: bold;">fixed rate loans</span> and then there are the adjustable <span style="color: rgb(255, 0, 0); font-weight: bold;">rate loans</span>. <br />It is important that you understand the way they both work <br /> <br /><div style="text-align: center;">The fixed interest rate one means that you pay a fixed interest rate for the entire <br /></div><div style="text-align: center;">length of the loan. <br /></div> <br />If the rate that you have at the beginning is high then you will end up paying a lot <br />more for the loan. However you can refinance your loan when the interest <br />rates fall. <br /> <br /><div style="text-align: center;">The adjustable interest rate home loan has rates that keep changing. <br /></div> <br />So you will never be aware of how much you will pay until just before the due date. <br /> <br />There are lenders who have mixed the two types of loans. <br /> <br /><span style="font-weight: bold; font-style: italic; color: rgb(255, 153, 0);">What else will affect how much i pay?</span> <br /> <br />Your credit score <br />This is a report which shows the creditworthiness of a person. This kind information is <br />asked from the credit bureaus to check credit information. Insurance companies, <br />employers, landlords and government agencies check this before providing them any <br />financial help, Basically it tells whether you pay your credit on time or not. <br /> <br /> <br /><span style="font-weight: bold; font-style: italic; color: rgb(255, 153, 0);">Things have changed in the market.</span> <br /> <br />Some tips to help you on your way: <br /> <br />1. Make sure you can be reached by your loan agent in many ways and at all the time. A <br />home phone, cell phone and email address are pretty much a must. Make sure you can make <br />decisions on interest rates and providing documents on a moment's notice. <br /> <br />2. Every loan is different and every borrower is different, and the interest rates <br />reflect this. You need to a loan professional to truly compare. <br /> <br />3. Give your loan agent documentation of anything and everything, and to get them these <br />documents fast. Documentation, even over-documentation, is vital in today's market. <br /> <br />4. (MOST IMPORTANTLY) Make sure your loan agent is sure about your needs. Your loan agent should know things like what you want and need in a home. <br />Your agent needs to know what your dreams are so they can get you a loan that fulfills those dreams.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/8066760643167196088-342255415582560441?l=home-loan-help-4u.blogspot.com' alt='' /></div>Dr Harold Stanberghttp://www.blogger.com/profile/11720134728058652965noreply@blogger.com0