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FEW POINTS ABOUT INTEREST RATES!!
Less is more
If you're
new to investing or real estate and don't know the first thing about interest rates, here's a good tip: the higher
the interest rate, the more expensive it's going to be. High interest rates mean you will have to pay back more on the
money you borrow. Another good rule of thumb is that affordability increases if you use an adjustable rate mortgage (it's
easier to qualify this way). Of course, there will be a wide range of prices that you can choose from, depending on what kind
of financing you choose.
Not even the Fed knows for sure
The Fed holds a considerable
amount of power, but they can't control everything. Mortgage interest rates are affected by many unpredictable political,
economic and social events. So there is no guarantee what direction interest rates will go, despite the forecasts of the experts.
Therefore, make your financial decision based on where things are today including your budget, your needs and your future
plans.
Locking in rates assures your lowest interest
If you do decide you want to
lock in at a certain interest rate, you will need to complete a loan application and send it to your lender as soon as possible.
This must be done so that your commitment doesn't run out before your loan is approved. Follow up and be se sure that
the lender is receiving all of the necessary documentation. Get a property appraisal, which usually costs about $300, through
your loan agent as soon as possible.
Don't obsess and miss a good real estate deal
Although rising interest rates can create more problems for home buyers, waiting and hoping for low rates is not necessarily
a smart move. You may end up paying a higher price. Also, refinancing is always an option in the event that interest rates
come down.
Visit again soon! I have more information that you will need!
MOVING TIPS
Easing the Transition to Your New Home
Use the right boxes, and pack them carefully
Professional moving companies use
only sturdy, reinforced cartons. The boxes you can get at your neighborhood supermarket or liquor store might be free, but
they are not nearly as strong or padded, and so can't shield your valuables as well from harm in transit.
Use
sheets, blankets, pillows and towels to separate pictures and other fragile objects from each other and the sides of the carton.
Pack plates and glass objects vertically, rather than flat and stacked.
Be sure to point out to your mover the
boxes in which you've packed fragile items, especially if those items are exceptionally valuable. The mover will advise
you whether those valuables need to be repacked in sturdier, more appropriate boxes.
The heavier the item, the
smaller the box it should occupy. A good rule of thumb is if you can't lift the carton easily, it's too heavy. Label
your boxes, especially the one containing sheets and towels, so you can find everything you need the first night in your new
home.
For your family's safety and comfort
Teach your children your new address.
Let them practice writing it on packed cartons. You can lighten your load and reduce any storage space you need to rent by
hosting a garage or yard sale.
Fill two "OPEN ME FIRST" cartons containing snacks, instant coffee or
tea bags, soap, toilet paper, toothpaste and brushes, medicine and toiletry items (make sure caps are tightly secured), flashlight,
screwdriver, pliers, can opener, paper plates, cups and utensils, a pan or two, paper towels, and any other items your family
can't do without. Ask your van foreman to load one of these boxes, so that it will be unloaded at your new home first.
Why the second box? In case the movers are delayed getting to your house on the day of the move.
Keep your pets
out of packing boxes and away from all the activity on moving day.
Let all your electrical gadgets return to room
temperature before plugging them in.
Since you may need to call old neighbors or businesses from your new home,
pack your phone book.
Work hand in hand with your mover
Give
the mover's foreman your reach numbers and email addresses so you can stay in contact.
Read the inventory
form carefully, and ask the mover to explain anything you don't understand. Make a note of your shipment's registration
number, and keep your Bill of Lading handy.
If you're moving long distance, be aware that your property might
share a truck with that of several other households. For this reason, your mover might have to warehouse your furniture and
belongings for several days. Therefore, ask your mover whether your goods will remain on the truck until delivered. If they
have to be stored, ask whether you can check the warehouse for security, organization and cleanliness.
Thanks
for visiting! Come again!
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