Best Time To Buy Or Sell Homes
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Kim Lee
Apr 22, 2013, 12:20:03 AM4/22/13
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Kim Lee
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Article Title: Best Time To Buy Or Sell Homes
Author: Kim Lee
Word Count: 665
Article URL: http://www.isnare.com/?aid=170160&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=170160
Easy Publish Tool: http://www.isnare.com/html.php?aid=170160
*********************** ARTICLE START ***********************
All across the US, there are millions of people looking to a buy house - either now or in the future. Over the last few years, lower interest rates have come along, making it more affordable than ever to buy a house. When most owners stop and give it some thought - buying a house makes a lot more sense than renting a house or an apartment.
In order to buy a house, you�ll need to start saving your money and have enough for the closing expenses and a down payment. Your down payment will normally need to be around 15% of the price or the value of the property - whichever is better. To be on the safe side, you should always try to have 20% to put down. If you aren�t able to put 20% down, you�ll need to buy some private mortgage insurance, which will get you more in terms of your monthly payment.
In most cases, the closing cost will run you around 5% of the property price. Before you purchase the house, you should always get an estimate. An estimate won�t be the exact price, although it will be really close. You should always plan to save up a bit more money than you need, just to be on the safe side. It�s always best to have more than enough than not enough.
You�ll know your ready to buy a house when you understand exactly how much you can afford, and you�re willing to stick with your plan. When you buy a house and get your monthly mortgage payment, it shouldn�t be any more than 25% of your total monthly income. Although there are lenders out there who will say that you can afford to pay more, you should never let them talk you into doing so - but stick to your budget instead.
Keep in mind that there is always more expense involved with a house other than the mortgage payment. You also have to pay for utilities, house owners insurance, property taxes, and maintenance. Owning and caring for a house requires a lot of responsibility. If you�ve never owned a house before, it can take a bit of time to get used to.
Before you fill out any applications, you should always look over your credit report (FICO) and check for any errors. Although you may think you don�t, you can easily get an error on your credit report and not even realize it. If you have an error on your credit report, it can cost you a lot of money in interest rates. An error will decrease your credit score, which will put you in a higher interest bracket and ultimately cost you a lot more money in the end. Therefore, you should always know your credit before you approach a lender.
If you check your credit report sooner, you may leave yourself enough time to fix any problems and get your credit back on track. Rebuilding credit can take time though, sometimes even years. You should always plan ahead - and give yourself plenty of time to fix your credit.
Buying a house will require a bit of commitment on your behalf. You should always try to get the best possible deals, which means knowing your credit and where you stand. This way, you can get the best interest rates. You don�t want to buy a house with bad credit, simply because you�ll pay a lot more money for the house. If you take the time to fix any credit problems and save up some money - you�ll be able to get a much better house for your money.
If you have rental properties in Singapore, use the portal http://www.rentinsingapore.com/ to list your rental properties
About The Author: Kim Lee writes for Singapore's Rental Portal http://www.rentinsingapore.com
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=170160
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Kim Lee
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=170160
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=170160
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Best Time To Buy Or Sell Homes
Author: Kim Lee
Word Count: 665
Article URL: http://www.isnare.com/?aid=170160&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=170160
Easy Publish Tool: http://www.isnare.com/html.php?aid=170160
*********************** ARTICLE START ***********************
All across the US, there are millions of people looking to a buy house - either now or in the future. Over the last few years, lower interest rates have come along, making it more affordable than ever to buy a house. When most owners stop and give it some thought - buying a house makes a lot more sense than renting a house or an apartment.
In order to buy a house, you�ll need to start saving your money and have enough for the closing expenses and a down payment. Your down payment will normally need to be around 15% of the price or the value of the property - whichever is better. To be on the safe side, you should always try to have 20% to put down. If you aren�t able to put 20% down, you�ll need to buy some private mortgage insurance, which will get you more in terms of your monthly payment.
In most cases, the closing cost will run you around 5% of the property price. Before you purchase the house, you should always get an estimate. An estimate won�t be the exact price, although it will be really close. You should always plan to save up a bit more money than you need, just to be on the safe side. It�s always best to have more than enough than not enough.
You�ll know your ready to buy a house when you understand exactly how much you can afford, and you�re willing to stick with your plan. When you buy a house and get your monthly mortgage payment, it shouldn�t be any more than 25% of your total monthly income. Although there are lenders out there who will say that you can afford to pay more, you should never let them talk you into doing so - but stick to your budget instead.
Keep in mind that there is always more expense involved with a house other than the mortgage payment. You also have to pay for utilities, house owners insurance, property taxes, and maintenance. Owning and caring for a house requires a lot of responsibility. If you�ve never owned a house before, it can take a bit of time to get used to.
Before you fill out any applications, you should always look over your credit report (FICO) and check for any errors. Although you may think you don�t, you can easily get an error on your credit report and not even realize it. If you have an error on your credit report, it can cost you a lot of money in interest rates. An error will decrease your credit score, which will put you in a higher interest bracket and ultimately cost you a lot more money in the end. Therefore, you should always know your credit before you approach a lender.
If you check your credit report sooner, you may leave yourself enough time to fix any problems and get your credit back on track. Rebuilding credit can take time though, sometimes even years. You should always plan ahead - and give yourself plenty of time to fix your credit.
Buying a house will require a bit of commitment on your behalf. You should always try to get the best possible deals, which means knowing your credit and where you stand. This way, you can get the best interest rates. You don�t want to buy a house with bad credit, simply because you�ll pay a lot more money for the house. If you take the time to fix any credit problems and save up some money - you�ll be able to get a much better house for your money.
If you have rental properties in Singapore, use the portal http://www.rentinsingapore.com/ to list your rental properties
About The Author: Kim Lee writes for Singapore's Rental Portal http://www.rentinsingapore.com
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=170160
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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