djamal-soft
الجمعة، 14 فبراير 2014
In a perfect world, we would learn to properly maintain every potential fire hazard in the house. Our heaters would always be in perfect working order. We would never leave a flammable object close to the open flame of a stove.
Candles would be properly blown out before going to bed at night. Unfortunately, we don't live in a perfect world, and we often forget to take care of one small detail. The resulting fire damage is enough to change our lives forever. Accidents happen and there will always be a need to put these flames out.
The first step is your credit score and your collateral. Not much really you can do about collateral unless you really feel that you need to burn money. However, make sure to get your score up. Have a few credit cards, actively use them, pay off all your balances on time. Take out small loans for larger purchases and pay them off. The longer you have good credit history the better your credit score will be.
2. Just Before Your Search Spend a few hours and research mortgage jargon. This will make you more knowledgeable and help you understand exactly what you are purchasing. It will also catch lenders off guard and dissuade them from trying to tack on extra expenses. Determine your budget and stick to it. This is a big decision and needs to be made before you speak with lenders. If you go with no budget you may end up taking a loan much too large for you needs.
Continuing their campaign to create a fire-safe America, the U.S. Fire Administration (USFA) released materials regarding the proper maintenance of your fire alarms and sprinklers.
The USFA believes strongly that the routine maintenance of your fire alarm could protect more lives than just those of those in the home, and reducing fatalities from fire damage is the USFA's number one goal.
4. Compare Quotes Take all of the information that you have collected from the lenders and set them next to each other. The lenders should also have sent you a GFE (Good-Faith-Estimate) and a TIL (Truth in Lending). The TIL amortizes the costs of the loan over the life of the mortgage rate. It takes theses costs and adds them to the interest rates giving you your APR (Annual Percentage Rate).
You are much more likely to hear the alarm if it's blaring in your ear, not when it quietly enters your dreams from down the hall. Test these alarms monthly. They also recommend installing ionization and photoelectric smoke alarms (or dual sensor smoke alarms).
5. Call again and Negotiate Now that you understand what your options are. Go to your top three lenders and call them. Explain what your needs are and what better deals you have been given. Give them reason to bid against each other. The better your credit score and history the more bargaining power you have. Call them until you receive the deal that you are looking for. You will probably feel like a jerk when negotiating.
It will seem that you are the only one who is bothering them this much looking for a better rate. Do not budge! This is a business arrangement and not a friendly conversation. Negotiate for the price you want. Make sure the price is within your budget. If you were thinking of building a new house talk to a few general contractors to get a feel for what you want and can afford.
6. Authorize and Sign After having looked at all of the details you are ready to make your decision. If the details have changed be ready to walk away unless they give you what you agreed upon. Authorize the pull on your credit. Let the bank write up the agreement and make sure to read it in depth.
Many general contractors try and work their way around the tight regulations but these laws are strict and there have been many law suits in the past because people tried to bypass them. Safety should be everyone's #1 goal.
Candles would be properly blown out before going to bed at night. Unfortunately, we don't live in a perfect world, and we often forget to take care of one small detail. The resulting fire damage is enough to change our lives forever. Accidents happen and there will always be a need to put these flames out.
The first step is your credit score and your collateral. Not much really you can do about collateral unless you really feel that you need to burn money. However, make sure to get your score up. Have a few credit cards, actively use them, pay off all your balances on time. Take out small loans for larger purchases and pay them off. The longer you have good credit history the better your credit score will be.
2. Just Before Your Search Spend a few hours and research mortgage jargon. This will make you more knowledgeable and help you understand exactly what you are purchasing. It will also catch lenders off guard and dissuade them from trying to tack on extra expenses. Determine your budget and stick to it. This is a big decision and needs to be made before you speak with lenders. If you go with no budget you may end up taking a loan much too large for you needs.
Continuing their campaign to create a fire-safe America, the U.S. Fire Administration (USFA) released materials regarding the proper maintenance of your fire alarms and sprinklers.
The USFA believes strongly that the routine maintenance of your fire alarm could protect more lives than just those of those in the home, and reducing fatalities from fire damage is the USFA's number one goal.
4. Compare Quotes Take all of the information that you have collected from the lenders and set them next to each other. The lenders should also have sent you a GFE (Good-Faith-Estimate) and a TIL (Truth in Lending). The TIL amortizes the costs of the loan over the life of the mortgage rate. It takes theses costs and adds them to the interest rates giving you your APR (Annual Percentage Rate).
You are much more likely to hear the alarm if it's blaring in your ear, not when it quietly enters your dreams from down the hall. Test these alarms monthly. They also recommend installing ionization and photoelectric smoke alarms (or dual sensor smoke alarms).
5. Call again and Negotiate Now that you understand what your options are. Go to your top three lenders and call them. Explain what your needs are and what better deals you have been given. Give them reason to bid against each other. The better your credit score and history the more bargaining power you have. Call them until you receive the deal that you are looking for. You will probably feel like a jerk when negotiating.
It will seem that you are the only one who is bothering them this much looking for a better rate. Do not budge! This is a business arrangement and not a friendly conversation. Negotiate for the price you want. Make sure the price is within your budget. If you were thinking of building a new house talk to a few general contractors to get a feel for what you want and can afford.
6. Authorize and Sign After having looked at all of the details you are ready to make your decision. If the details have changed be ready to walk away unless they give you what you agreed upon. Authorize the pull on your credit. Let the bank write up the agreement and make sure to read it in depth.
Many general contractors try and work their way around the tight regulations but these laws are strict and there have been many law suits in the past because people tried to bypass them. Safety should be everyone's #1 goal.
About the Author:
MBA Construction, a general contractor in Salt Lake City Utah provides all types of construction. We specialize in design-build, build-to-print and commercial construction in the energy, industrial & medical industries.
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