Financing the House You've Chosen
Article Abstract:
Finding a home to buy is only the first step toward home ownership; before it can be yours, a mortgage must be found. With so many different types of mortgages available on the market today, it is important to shop around carefully to make sure you are getting the best deal. A fixed rate has the advantage of having the same monthly payment every month for the life of the mortgage, but the consistently high monthly notes might eliminate many people from qualifying. The other type of mortgage is the adjustable rate loan, which has many varieties. While this type of mortgage starts out low, it can go up every three months to three years (depending on the loan). While there is usually a ceiling on this type of loan, in the long-run this is more expensive than a fixed rate mortgage. But the terms surrounding a variable rate mortgage can really change from bank to bank, so shopping around for the best deal is imperative.
Publication Name: Money
Subject: Business
ISSN: 0149-4953
Year: 1984
User Contributions:
Comment about this article or add new information about this topic:
Your Last Bastion Against Damage Suits
Article Abstract:
Accidents always happen and often those who get injured sue those who caused the accident, and the party to blame often gets hit with huge financial settlements to pay. As awards of more than one million dollars become increasingly common, excess liability insurance, which takes over where regular car or home insurance leaves off, is becoming a wise investment for many people. While policies of this kind differ from company to company, they should cost between seventy and one hundred-forty dollars per year and, since the language of the policies varies, should be chosen only with the aid of a trained insurance agent. When choosing a policy, things to consider include, who in the family is covered, what kinds of liabilities are covered, and what are the specific circumstances under which you are covered.
Publication Name: Money
Subject: Business
ISSN: 0149-4953
Year: 1984
User Contributions:
Comment about this article or add new information about this topic:
Choosing a House You Can Sell Later
Article Abstract:
It used to be that buying almost any home, anywhere, assured owners of a relatively quick resale and tidy profits when it was time to move. But with the real estate market of the 1980s, this is no longer true. Home buyers who want to get the most for their money, both when they buy and when they sell, need to consider many variables before buying. A well maintained home in a desirable, well established neighborhood is still the best home buy. Also important are a fairly neutral exterior and interior which fit in well with the rest of the area. Features such as a modern kitchen and bathrooms also add to the desirability of a home. But the most important thing to remember is to find a home that is well constructed, a basic value which will increase as time goes by.
Publication Name: Money
Subject: Business
ISSN: 0149-4953
Year: 1984
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Seeing through corruption. The unusual suspects
- Abstracts: Dangers in the oil business. Congestion takes its toll. It's work and it's fun: Part 2
- Abstracts: Commodity Transactions and the Private Investor. Maximising CGT Retirement Relief. Investing in Industrial Building after the Budget
- Abstracts: Services that Time Your Trades. The Benefits that Can Make You Rich. The Money Rankings
- Abstracts: The New March to Find Financial Independence. Starting Out with a Start-Up. Ten Top Colleges at Bargain Prices