Exhibit Steps to Buying a New Car
|
|
- Aldous Fox
- 6 years ago
- Views:
Transcription
1 Exhibit Steps to Buying a New Car These 10 steps summarize the car-buying process discussed in this chapter. 1. Research which car best meets your needs and determine how much you can afford to spend on it. Choose the best way to pay for your new car cash, financing, or lease. Consult your insurance agent to learn the annual premium on various cars. 2. Check Web sites like Edmunds.com and TV and newspapers for incentives and rebates on the car you would like to buy. This could include a cash rebate or low-cost financing. 3. Decide on a price based on dealer s cost for the car and options, plus a markup for the dealer s profit, minus rebates and incentives. 4. Find the exact car for you in terms of size, performance, safety, and styling. Choose at least three target cars to consider buying. Get online quotes from multiple car dealers. 5. Test-drive the car and the car salesman. Test-drive the car at least once, both on local streets and on highways. Determine if the car salesman is someone you want to do business with. Is he relaxed, open, and responsive to your questions? 6. If you are trading in your old car, you will not likely get as high a price as if you sold it yourself. Look up your car s trade-in value at Edmunds.com or kbb.com. Solicit bids from several dealers. 7. Negotiate the lowest price by getting bids from at least three dealers. Hold firm on your target price before closing the deal. 8. Close the deal after looking not just at the cost of the car but also the related expenses. Consider the sales tax and various fees. Get the saleperson to fax you a worksheet and invoice before you go to the dealership. 9. Review and sign the paperwork. If you have a worksheet for the deal, the contract should match it. Make sure the numbers match and there are no additional charges or fees. 10. Inspect the car for scratches and dents. If anything is missing like floor mats, for example ask for a Due Bill that states it in writing. Source: Adapted from Philip Read, 10 Steps to Buying a New Car, accessed March _bonus_exhibit_p indd 24
2 Exhibit 5.2 Finding the Best Car for You Start your examination of a car with an inspection of key points. Don t overlook the obvious: How easy is it to get people and things into and out of the car? Do the doors open easily? Is the trunk large enough for your needs? Does the car offer a pass-through or fold-down rear seat for larger items? Comfort and visibility: Are the seats comfortable? Can you adjust the driver s seat and steering wheel properly? What are the car s blind spots for a person of your height? Can you see all the gauges clearly? Can you reach the controls for the radio, CD player, heater, air conditioner, and other features easily while driving? Does it have the options you want? Then take the car for a test drive. Set aside at least 20 minutes and drive it on highways and local roads. To test acceleration, merge into traffic getting onto the freeway and try passing another car. If possible, drive home and make sure the car fits into your garage especially if you re interested in a larger SUV or truck! For a used car, test the heater and air conditioner. Then turn the fan off and listen for any unusual engine noises. Check out overall handling. Parallel park, make a U-turn, brake hard, and so on. Do the gears shift smoothly? If testing a standard transmission, try to determine if the clutch is engaging too high or too low, which might indicate excessive wear or a problem. As soon as you return to the car lot, take notes on how well the car handled and how comfortable you felt driving it. This is especially important if you are testing several cars _bonus_exhibit_p indd 25
3 Exhibit 5.3 Closing Costs: The Hidden Costs of Buying a Home The closing costs on a home mortgage loan can be substantial as much as 5% to 7% of the price of the home. Except for the real estate commission (generally paid by the seller), the buyer incurs the biggest share of the closing costs and must pay them in addition to the down payment when the loan is closed and title to the property is conveyed. Size of Down Payment Item 20% 10% Loan application fee $ 300 $ 300 Loan origination fee 1,600 1,800 Points 4,160 5,400 Mortgage and homeowner s insurance 675 Title search and insurance Attorneys fees Appraisal fees Home inspection Mortgage tax Filing fees Credit reports Miscellaneous Total closing costs $9,530 $11,130 Note: Typical closing costs for a $200,000 home 2.6 points charged with 20% down, 3 points with 10% down. Actual amounts will vary by lender and location _bonus_exhibit_p indd 26
4 Exhibit 5.4 Typical Principal and Interest Payment Patterns on a Mortgage Loan For most of the life of a mortgage loan, the vast majority of each monthly payment goes to interest and only a small portion goes toward principal repayment. Over the 30-year life of the 5%, $100,000 mortgage illustrated here, the homeowner will pay about $93,255 in interest. 6,000 Annual payment: $6, ,000 $4, $4, $4, Amounts ($) 4,000 3,000 2,000 $2, $1, $1, $4, $2, $3, $3, $2, $1, Amount to Principal Amount to Interest 1, Years Note: Dollar amounts noted on the graph represent the total amount of principal repaid and interest from the $6, annual payment made during the given year _bonus_exhibit_p indd 27
5 Exhibit 5.5 A Table of Monthly Mortgage Payments (Monthly Payments Necessary to Repay a $10,000 Loan) The monthly loan payments on a mortgage vary not only by the amount of the loan but also by the rate of interest and loan maturity. Rate of Interest Loan Maturity 10 Years 15 Years 20 Years 25 Years 30 Years 5.0% $ $ $ $ $ Instructions: (1) Divide amount of the loan by $10,000; (2) find the loan payment amount in the table for the specific interest rate and maturity; and (3) multiply the amount from step 1 by the amount from step 2. Example: Using the steps just described, the monthly payment for a $98,000, 5.5%, 30-year loan would be determined as: (1) $98,000 / $10,000 = 9.8; (2) the payment associated with a 5.5%, 30-year loan, from the table, is $56.79; (3) the monthly payment required to repay a $98,000, 5.5%, 30-year loan is 9.8 $56.79 = $ _bonus_exhibit_p indd 28
6 Exhibit 5.6 Home-Buying Tips Keeping in mind the following tips will improve your chances of becoming a happy, successful homeowner. 1. Say no to no money down seminars. Many of these seminar experts most likely never bought or sold a piece of real estate in their lives but are getting rich off the backs of suckers. 2. Stay away from bad agents. Interview your agent and ask hard questions. Make sure that he or she is experienced. Consider signing a buyer s broker agreement, which gives both you and the broker responsibilities and reasonable performance expectations. 3. Don t wipe out your savings. While it makes sense to put down the largest down payment you can afford, it is important to keep your emergency reserves intact, hold money for closing costs, and set aside funds to handle possible repairs and future maintenance. You don t want to be putting such extras on your credit card! 4. Rely on professional advice. Pay attention to what your agent or mortgage broker tells you. Look up information on the Internet, read real estate books, and ask for a second opinion. Lawyers and accountants are excellent resources. 5. Avoid exotic financing. One of the biggest lessons of the recent financial crisis is that real estate prices don t always go up. And what you don t know about your mortgage can hurt you! Don t sign off on your mortgage until you understand every detail. Terms like indexes, margins, caps, and negative amortization should make you nervous. 6. Pick the right neighborhood. You ve heard that the three most important factors in valuing real estate are location, location, and location. This is no joke. Drive through a neighborhood, ask the police department about crime statistics, and talk to neighbors before you buy. 7. Stay away from the most expensive home in the neighborhood. While having the largest and most expensive home in the neighborhood might be appealing, it doesn t bode well for resale value. If you need three bedrooms, don t consider a five-bedroom that looks good but costs more and meets your needs less. 8. Don t pass up the home inspection. Home inspections are not a waste of time and money. Qualified home inspectors can find problems that most of us would miss. 9. Don t change the financial picture before closing. Just because your offer was accepted by the seller doesn t mean that you need to stay in buying mode. Your excellent credit report does not give you free rein to buy whatever you want. Borrowing too much more at this time could adversely affect the funding of a mortgage. 10. Plunging into debt after closing. After you become a homeowner, you ll be offered many deals on a home equity loan. Although it may be tempting to pull out all your equity and use this newfound money to buy all sorts of new toys, you should stick to a reasonable financial plan. More sources of debt should not cause you to ignore the need to cover the contingency of losing a job or setting aside money to meet an emergency. Source: Adapted from Elizabeth Weintraub, Top 10 Ways to Lose Your Home, accessed March Used with permission of About, Inc., which can be found online at All rights reserved _bonus_exhibit_p indd 29
6 STEPS TO BUYING A NEW CAR N.W. 12th St., Doral, FL 33172
6 STEPS TO BUYING A NEW CAR 305-261-2181 9775 N.W. 12th St., Doral, FL 33172 6 STEPS TO BUYING A NEW CAR In today s economy, everyone is looking to save a few bucks wherever they can, especially when it
More informationTips for First-Time Homebuyers
Tips for First-Time Homebuyers If you re just beginning the process of financing your first home, you might be unsure of all the costs or the decisions you ll have to make eventually. Months before applying
More informationDrive Away Happy: Car Buying Decisions
Drive Away Happy: Car Buying Decisions Buy new, buy used, or lease? These are just a few of the many decisions you ll need to make before happily driving away with a vehicle. While shopping for a car or
More informationBUYING YOUR FIRST HOME
BUYING YOUR FIRST HOME Finding the home of your dreams is the tough part, the mortgage process shouldn t be. That s why we ve created a guide to make your first-time home buying experience easier. This
More informationPURCHASING A CAR. Latino Community Credit Union & Latino Community Development Center. Copyright 2016 Latino Community Credit Union
PURCHASING A CAR Latino Community Credit Union & Latino Community Development Center www.latinoccu.org BUILDING A better FUTURE Copyright 2016 Latino Community Credit Union Made possible by a generous
More informationFirst Time Home Buyer Guide. Are you ready to learn the steps to homeownership?
First Time Home Buyer Guide Are you ready to learn the steps to homeownership? Is this your first time going through the home buying process? If so, don t worry, this guide is designed to answer any questions
More informationBUYING YOUR FIRST HOME: THREE STEPS TO SUCCESSFUL MORTGAGE SHOPPING MORTGAGES
BUYING YOUR FIRST HOME: THREE STEPS TO SUCCESSFUL MORTGAGE SHOPPING MORTGAGES June 2015 Cat. No.: FC5-22/3-2015E-PDF ISBN: 978-0-660-02848-4 Her Majesty the Queen in Right of Canada (Financial Consumer
More informationbuying your First Home
buying your First Home A step-by-step guide to the home buying process buying your First Home Although the experience of owning your first home can be fulfilling and exciting, the actual financing and
More informationCopyright 2008, 2009 & 2009 by Modular Homes Network
Published and distributed by Modular Homes Network 3660 Nicklaus Drive, Clarkston, WA 99403 Phone: (888) 770-2830 Fax: (866) 401-1084 Email: info@modularhomesnetwork.com Website: www.modularhomesnetwork.com/
More informationTake control of your auto loan
Take control of your auto loan A step-by-step guide Consumer Financial Protection Bureau How can this guide help you? While many people shop around for the best deal they can get on their vehicle, not
More informationHow to Buy a Used Car. Buying a car is a huge decision for anyone. Be sure you make the right choice.
How to Buy a Used Car Buying a car is a huge decision for anyone. Be sure you make the right choice. HOW TO BUY A USED CAR EDITED BY: REBECCA ROBERTS EDGAR CARRANZA JUAN OCHOA CHABREA OWENS JANNEK RANCHOD
More informationVersion /02/18 HOME BUYER. Guide
Version 1.1 01/02/18 HOME BUYER Guide contents page STEP 1: Saving for a deposit 4 STEP 2: Research the property market 6 STEP 3: Get VIP-approved 8 Learn about different loan types 10 STEP 4: Get the
More informationCharles Burt s. Home Buyers Guide
Charles Burt s Home Buyers Guide Table of Contents The Home-Buying Process Quick Tips How can a Charles Burt agent help me? What is a broker? The Mortgage Process What are the advantages of pre-approval?
More informationBUYING YOUR FIRST HOME IN CANADA. What Newcomers Need to Know
BUYING YOUR FIRST HOME IN CANADA What Newcomers Need to Know A PLACE TO CALL HOME. A PLACE OF YOUR OWN. You ve made Canada your new home and now you re looking for a place of your own. Buying a house is
More information5 Biggest Mistakes Most Home Buyers Make
5 Biggest Mistakes Most Home Buyers Make And 3 Guaranteed Ways to Get Approved for a Home Loan This Complementary Special Report was prepared by: 2 5 Biggest Mistake Home Buyers Make Purchasing a home
More informationHOMEPATH BUYERS GUIDE
HOMEPATH BUYERS GUIDE WWW.HOMEPATH.COM Buyers Guide Buyers Guide For a Fannie Mae-owned Home Whether you re buying your first home or your fifth, the experience can be exciting, confusing, overwhelming
More informationVersion 1.0 September 2015 HOME BUYER. Guide
Version 1.0 September 2015 HOME BUYER Guide contents STEP 1: STEP 2: STEP 3: STEP 4: STEP 5: STEP 6: STEP 7: STEP 8: Saving for a deposit Research the property market Get VIP-approved with Select Get the
More informationHow to buy a home EDINBURGH THE LOTHIANS FIFE
How to buy a home EDINBURGH THE LOTHIANS FIFE Feel at home with ESPC Buying a home is exciting, satisfying and also pretty daunting. There s a lot to get your head around, but if you break it into bite-size
More informationDrive Away Happy: Car Buying Decisions
Drive Away Happy: Car Buying Decisions Buy new, buy used, or lease? These are just a few of the many decisions you ll need to make before happily driving away with a vehicle. While shopping for a car 888.456.2227
More informationRenter Nation Working with Investors With Larry Kendall
Renter Nation Working with Investors With Larry Kendall 1. Renter Nation 2. Opportunities: 3. Working with Investors: 4. Financial Intelligence (Investor Basics) a. Assets: b. Liabilities: c. Good Debt:
More informationthings to consider before taking out a personal loan on a car
4 things to consider before taking out a personal loan on a car 02 A car is one of the more significant purchases you ll make throughout your lifetime, so it s important you understand all your financial
More informationBuying a Vehicle. LEssm'CHlb Factors That Are Involved in Selecting a Vehicle. How to Obtain Financing for a New or Used Vehicle
Your Future I As a driver, you will make many important decisions. This unit will help you develop guidelines so that your decisions will be based on understanding your needs, intelligent planning, and
More informationFirst Time Home Buying Steps
Buying a home is one of the biggest emotional and financial decisions you'll ever make in your life time. The differences between renting and buying a home are huge, and there are numbers of pros and cons
More informationBuying Your First Home: Three Steps to Successful Mortgage Shopping
ABCs of Mortgages Series Buying Your First Home: Three Steps to Successful Mortgage Shopping Smart mortgage decisions start here Note: FCAC s Mortgage Calculator tool, available at itpaystoknow.gc.ca,
More informationFirst-Time Homebuyer TOOL KIT. copfcu.com/mortgage. Queensgate (513) Colerain (513) Reading (513)
First-Time Homebuyer TOOL KIT copfcu.com/mortgage Queensgate (513) 381-2677 Colerain (513) 385-4808 Reading (513) 948-1234 Equal Housing Lending. COPFCU NMLS#: 399934 There s never been a better time to
More informationBy JW Warr
By JW Warr 1 WWW@AmericanNoteWarehouse.com JW@JWarr.com 512-308-3869 Have you ever found out something you already knew? For instance; what color is a YIELD sign? Most people will answer yellow. Well,
More informationTAX LIEN INVESTING REPORT
Tax Lien Investing for Robust Returns TAX LIEN INVESTING REPORT Tax Lien Investing for Robust Returns Tax-related investments such as tax lien certificates and tax deeds are unique and little-talked- about
More informationGREENPATH FINANCIAL WELLNESS SERIES
GREENPATH FINANCIAL WELLNESS SERIES THE AMERICAN DREAM Empowering people to lead financially healthy lives. TABLE OF CONTENTS The American Dream...2 Cash Funds Required...2 Setting Financial Goals...3
More informationFIRST TIME HOME BUYERS GUIDE
20 1 7 FIRST TIME HOME BUYERS GUIDE VIPMTGINC.COM Mark Shaw SVP, Wholesale Manager Phone: 480-500-2825 Mobile: 602-418-2213 marks@vipmtginc.com vipmtginc.com NMLS ID 166607 9221 E Via de Ventura Scottsdale,
More informationA Place to Rent. 1/3 of people in the United States Single people, young married couples, and older adults Mobile lifestyles
Obtaining Housing A Place to Rent 1/3 of people in the United States Single people, young married couples, and older adults Mobile lifestyles Security Deposit A payment that ensures the owner against financial
More informationHow to Find and Qualify for the Best Loan for Your Business
How to Find and Qualify for the Best Loan for Your Business With so many business loans available to you these days, where do you get started? What loan product is right for you, and how do you qualify
More informationFirst-Time Home Buyer s Guide
First-Time Home Buyer s Guide Buying a home for the first time can be a daunting task. It's an enormous purchase, possibly the largest one you'll make. Touring homes can be fun, but navigating the financial
More informationResearching an Automobile. What should I look for?
Researching an Automobile What should I look for? Transportation Part of everyone s life 15 20% of an individual s budget Automobile is the 2 nd most expensive purchase, only after a home Family Economics
More informationWhat you need to know about getting, using and keeping credit. A Guide to Credit* American Financial Services Association Education Foundation
A Guide to Credit* What you need to know about getting, American Financial Services Association Education Foundation www.afsaef.org www.gmacfs.com using and keeping credit *If you would like to receive
More informationThe Mortgage Guide. Helping you find the right mortgage for you. Brought to you by. V a
The Mortgage Guide Helping you find the right mortgage for you Brought to you by V0050713a Hello. We re the Which? Mortgage Advisers team. Buying a house is the biggest financial commitment most of us
More informationThe Mortgage Guide Helping you find the right mortgage for you
The Mortgage Guide Helping you find the right mortgage for you Hello. We re the Which? Mortgage Advisers team. Buying a house is the biggest financial commitment most of us ever make. And it can be stressful.
More informationKEYS HOMEOWNERSHIP. Tips for the homebuying process, from house hunting all the way to the final closing.
KEYS to HOMEOWNERSHIP Tips for the homebuying process, from house hunting all the way to the final closing. INTRODUCTION Looking for a new home can be exciting, but the buying process also can be overwhelming
More informationThe student will explain and compare the responsibilities of renting versus buying a home.
LESSON 10.3: RENTING VERSUS BUYING Buying a House Standard 10 The student will explain and compare the responsibilities of renting versus buying a home. Lesson Objectives Discuss the reasons that people
More informationYOUR AMERICAN DREAM STARTS WITH A VA HOME LOAN
YOUR AMERICAN DREAM STARTS WITH A VA HOME LOAN A VA LOAN GUIDE TO HOME BUYING Buying your first home is a very important step (& investment) in life, and you probably have a few questions. No worries!
More informationYour guide to. Buying and financing. a home FINANCIAL RESOURCES. MidWestOne.com/FinancialResources Member FDIC
Your guide to Buying and financing a home FINANCIAL MidWestOne.com/FinancialResources Your guide to buying and financing a home Whether you re a first-time homebuyer or you re a seasoned pro, purchasing
More informationFUNDING INVESTMENTS FINANCE 238/738, Spring 2008, Prof. Musto Class 3 Repo Market and Securities Lending
FUNDING INVESTMENTS FINANCE 238/738, Spring 2008, Prof. Musto Class 3 Repo Market and Securities Lending Today: I. What s a Repo? II. Financing with Repos III. Shorting with Repos IV. Specialness and Supply
More informationMORTGAGE CENTRE CANADA HOMEBUYERS GUIDE. Your Complete Manual to Home Financing. Copyright, MCC Mortgage Centre Canada Inc.
MORTGAGE CENTRE CANADA HOMEBUYERS GUIDE Your Complete Manual to Home Financing Table of Contents My Service Pledge to You 3 Your Professional Team 4-5 Types of Mortgages 6 The Process 7 What is Considered
More informationHow MucH HoMe can You afford?
chapter 4 How MucH HoMe can You afford? You should know what you can afford before beginning your search for a home. This enables you to focus on realistic choices and saves you time and effort. This section
More informationLuminus Financial s. Home Hunting Guide
Luminus Financial s Home Hunting Guide About Luminus Financial Who are we? Luminus Financial is a credit union, which means we care about people. We re a full service financial institution, with exceptional
More informationREFINANCING GUIDE Understand all your options, with our Refinancing Guide.
REFINANCING GUIDE Understand all your options, with our Refinancing Guide. 2018 ed. Michael Short 02 8091 5797 info@obtainfinance.com.au obtainfinance.com.au Obtain Finance, Australian Business Number
More informationWhat is credit and why does it matter to me?
Understanding Credit 1 Money Matters The BIG Idea What is credit and why does it matter to me? AGENDA Approx. 45 minutes I. Warm Up: What Do You Know About Credit? (10 minutes) II. Credit: The Good, The
More information20 Mortgage. Mistakes. Top. Home Buyers Make. (and How to Avoid Them) $49.00
$49.00 Buying a home is the biggest investment most of us will ever make. Unfortunately, it s also the greatest opportunity to make a bad decision that could end up costing thousands of dollars. Top 20
More informationPersonal Finance: The Car Buying Process
Personal Finance: The Car Buying Process Major Purchase #1: Buying a car is typically the second largest purchase that people make. But unlike a home, cars almost always depreciate in value. What does
More informationUNDERSTANDING AND PREPARING FOR BANKRUPTCY. Lewis & Jurnovoy P.A.
UNDERSTANDING AND PREPARING FOR BANKRUPTCY Lewis & Jurnovoy P.A. WARNING SIGNS If you are in financial trouble, you are not alone. At Lewis & Jurnovoy, P.A. we ve helped thousands of people just like you
More informationBerkshire Hathaway HomeServices. California Properties
Berkshire Hathaway HomeServices California Properties COMMITMENT OF SERVICE Of I understand that buying a home is a major decision for you that can be filled with apprehension and concern. My job is to
More informationFinancial Empowerment Curriculum Moving Ahead Through Financial Management. Module Four: Building Financial Foundations Homes, Loans and Automobiles
Financial Empowerment Curriculum Moving Ahead Through Financial Management Module Four: Building Financial Foundations Homes, Loans and Automobiles 1 Financial Empowerment Curriculum Module Five: Creating
More informationToolkit 2 Borrowing Wisely
Toolkit 2 Borrowing Wisely Questions to Think About Before Borrowing Borrowing money is not necessarily a bad thing and done sensibly it can be a good investment for your future. Some good reasons to borrow
More informationBuying a resale property
We can help with Buying a resale property www.familymosaicsales.co.uk WE CAN HELP WITH BUYING A RESALE PROPERTY www.familymosaicsales.co.uk PAGE 1 Contents Buying a resale property 3 Why buy through a
More informationSEVEN LIFE-DEFINING FINANCIAL DECISIONS
SEVEN LIFE-DEFINING FINANCIAL DECISIONS A Joint Project of The Actuarial Foundation and WISER, the Women's Institute for a Secure Retirement 4 HOME OWNERSHIP, DEBT, AND CREDIT Buying a home is one of the
More informationPrivate Lending. A Complete Guide to Safely & Profitably Lending Your Money for High Returns in Real Estate
Private Lending A Complete Guide to Safely & Profitably Lending Your Money for High Returns in Real Estate ----------------------------------- Learn Exactly How You Can Participate in the Highly Profitable
More informationStep 1: Decide to Buy
Step 1: Decide to Buy Do you really want to pay someone else's mortgage? If you re renting and have a stable job with some savings, and a credit score in the high 600 range, you can likely qualify for
More informationIf you are over age 50, you get another $5,500 in catch-up contributions. Are you taking advantage of that additional amount?
Let s start this off with the obvious. I am not a certified financial planner. I am not a certified investment counselor. Anything I know about investing, I ve learned by making mistakes, not by taking
More informationHome Renovations and Repair
Home Renovations and Repair June 2005 This tipsheet is intended to provide general information and is not a substitute for legal advice. This tipsheet has two parts: general information about hiring any
More informationAmber Mahaffey
Predatory Lending June 2004 Amber Mahaffey amber@goodvaluation.com About the Author: Amber Mahaffey is the director of research for Good Valuation, Inc. She has conducted many studies that concern common
More informationCongratulations! You ve decided to get to grips with your. Exploring the Basics COPYRIGHTED MATERIAL. Chapter 1
In This Chapter Chapter 1 Exploring the Basics Benefiting from getting a grasp on your finances Looking at your financial picture Working out how you can get out of debt Figuring out what you want from
More informationTop 20 Mortgage Mistakes Home Buyers Make (and How to Avoid Them)
Top 20 Mortgage Mistakes Home Buyers Make (and How to Avoid Them) Buying a home is the biggest investment most of us will ever make. Unfortunately, it s also the greatest opportunity to make a bad decision
More informationFind Private Lenders Now CHAPTER 10. At Last! How To. 114 Copyright 2010 Find Private Lenders Now, LLC All Rights Reserved
CHAPTER 10 At Last! How To Structure Your Deal 114 Copyright 2010 Find Private Lenders Now, LLC All Rights Reserved 1. Terms You will need to come up with a loan-to-value that will work for your business
More informationPROPERTY INVESTING. Practical advice from a professional property investment consultancy on what to consider when investing in property
T H E I N S I D E R'S G U I D E T O PROPERTY INVESTING Practical advice from a professional property investment consultancy on what to consider when investing in property CONTENTS INTRODUCTION THE THREE
More informationWhy Flagstar Bank When Buying a Home?
Section I Why Flagstar Bank When Buying a Home? Section I Est. 1987 Member FDIC Page 1 We ll walk you through each stage of the home-buying process. Buying a home is a big decision. Is it the right time?
More informationHOME BUYING GUIDE LOAN ANmtg.com
HOME BUYING GUIDE 773.305.LOAN ANmtg.com MORTGAGES WITH YOUR FINANCIAL FUTURE IN MIND A and N Mortgage Services exists to serve you, the home buyer. With dozens of companies promising low rates and competitive
More informationYour Autopac and driver s licence
Your Autopac and driver s licence Savings. Convenience. Choice. 2011 Inside: renewing every five years how it works Up to 33% off for the safest drivers Four more levels on the Driver Safety Rating scale
More information8 easy steps to buying your first home
8 easy steps to buying your first home There are few things more exciting than being handed the keys to your very first home and moving in. We have a range of First Time Buyer Mortgages, for new or existing
More informationFINANCIAL RATIOS ANALYSIS
1 FINANCIAL RATIOS ANALYSIS Financial Ratio Analysis enables you to spot trends in of your financial status and to compare its performance and condition with the benchmark. In this lesson, you are going
More informationHOW TO BUY A CAR WITH BAD CREDIT
Your credit score is not the only way to prove your credit worthiness. It does do a good job of indicating what type of credit customer you might be; however, today the credit system is being used to exploit
More informationBUYERS GUIDE IMPORTANT THINGS TO CONSIDER WHEN BUYING A HOME COURTESY OF
BUYERS GUIDE IMPORTANT THINGS TO CONSIDER WHEN BUYING A HOME COURTESY OF OWNING MAKES SENSE When comparing the cost of owning a home to renting, there is more than the difference in house payment against
More informationYour guide to Releasing cash from your home. Lifetime mortgages that do more from
Your guide to Releasing cash from your home Lifetime mortgages that do more from Shouldn t there be more to life than worrying about money in retirement? That s what we believe and that s why more 2 life
More informationLending with a Purpose
Lending with a Purpose 7 Steps to Loaning Money to Family and Friends 2 Table of Contents Family and Friend Loans Risks and Rewards... 3 When it goes well... 3 When it goes bad... 3 A matter of trust...
More informationOUR GUIDE TO BUYING, REMORTGAGING AND PROTECTING YOUR HOME
1 AND PROTECTING YOUR HOME A HELPING HAND WITH OWNING YOUR HOME. Taking on the purchase of a house can be daunting. With this step-by-step guide, we hope to make the journey a little less overwhelming.
More informationTABLE OF CONTENTS. Before The First Test Drive Keys To Buying A Vehicle How Much Can I Afford? A Tale Of Two Car Buyers...
OUR PURPOSE The purpose of The USAA Educational Foundation is to lead and inspire actions that improve financial readiness for the military and local community. 2 TABLE OF CONTENTS Before The First Test
More informationCongratulations, you have made the big decision to buy a home. Now what? There are many questions you will need to ask yourself before moving ahead:
Buyers Congratulations, you have made the big decision to buy a home. Now what? There are many questions you will need to ask yourself before moving ahead: BEFORE YOU BUY 1. Decide where you want to live.
More informationWHAT IS INSURANCE? South African Insurance Association
WHAT IS INSURANCE? South African Insurance Association Introduction You ve probably heard the word insurance advertised on the TV, radio, newspapers and even in some magazines. Companies try and sell it
More informationBuying a home. A guide to help you get started.
Buying a home. A guide to help you get started. Welcome! It looks like you re interested in buying a home. Whether you re purchasing your first home or next, or perhaps you are interested in an income
More informationUNIT 7 3 Applying for a Home Mortgage
UNIT 7 3 Applying for a Home Mortgage Regardless of where you get your mortgage, the issuer is not likely to keep the mortgage for the duration of the loan. So, if you get your mortgage at a local bank,
More informationKeller Williams Realty is ranked Highest Overall Satisfaction For Home Buyers Among National Full Service Real Estate Firms, Two Years in a Row!
Keller Williams Realty is ranked Highest Overall Satisfaction For Home Buyers Among National Full Service Real Estate Firms, Two Years in a Row! Keller Williams Realty received the highest numerical score
More informationFIRST TIMER S GUIDE Vehicle Purchasing
FIRST TIMER S GUIDE Vehicle Purchasing SO MANY OPTIONS Maybe you re looking to buy your first car. Or your first real car. Either way, you face a lot of choices when you re buying your first vehicle. Do
More informationINFORMATION ABOUT YOUR MORTGAGE.
INFORMATION ABOUT YOUR MORTGAGE. WELCOME TO YOUR GUIDE TO HALIFAX MORTGAGES. Please read this booklet alongside your mortgage conditions and offer letter. It explains our most often used policies and procedures.
More informationLooking to invest in property? Getting smart when it comes to financing your property investment.
Looking to invest in property? Getting smart when it comes to financing your property investment. Is property the place to build your wealth? Australia is a country of homeowners. If we haven t already
More informationLesson 8 Borrowing Money
AOBF Financial Planning Lesson 8 Borrowing Money Student Resources Resource Description Student Resource 8.1 Reading: Why Borrow? Student Resource 8.2 Worksheet: Borrowing and Lending Terms Student Resource
More informationCars and the Consumer
CHAPTER Cars and the Consumer "Everything in life is somewhere else, and you get there in a car." -E.B. White Street Law online Visit the Street Law Web site at streetlavv.glencoe.com for chapter-based
More informationUNIT 6 1 What is a Mortgage?
UNIT 6 1 What is a Mortgage? A mortgage is a legal document that pledges property to the lender as security for payment of a debt. In the case of a home mortgage, the debt is the money that is borrowed
More informationA SOUTH DAKOTAN S GUIDE TO BUYING YOUR FIRST HOME VOLUME 1: FINANCING
A SOUTH DAKOTAN S GUIDE TO BUYING YOUR FIRST HOME VOLUME 1: FINANCING TABLE OF CONTENTS 3 INTRODUCTION 4-7 HOW MUCH CAN I AFFORD? 4 Establishing your budget 5 Comparing renting vs. owning 6 Deciding on
More informationLife Insurance Buyer s Guide
Contents What type of insurance should I buy? How much insurance should I buy? How long should my term life insurance last? How do I compare life insurance quotes? How do I compare quotes from difference
More informationFIRST TIME HOME BUYERS GUIDE TO SUCCESS! Presented by Mike Cordell with Platinum Realty
FIRST TIME HOME BUYERS GUIDE TO SUCCESS! Presented by Mike Cordell with Platinum Realty So where do I start? Okay so you know that you are ready to purchase your first home, but where do you start? What
More informationIf you're like most Americans, owning your own home is a major
How the Fannie Mae Foundation can help. If you're like most Americans, owning your own home is a major part of the American dream. The Fannie Mae Foundation wants to help you understand the steps you have
More informationRenovate or move guide
Renovate or move guide home loans Your finance journey Are you frustrated with how small your wardrobe is or the discoloured carpet in the bedrooms? Is it time for a change? If so, you will likely ask
More informationYOUR GUIDE TO SCOTTISH WIDOWS BANK MORTGAGES
INFORMATION ABOUT YOUR MORTGAGE YOUR GUIDE TO SCOTTISH WIDOWS BANK MORTGAGES Please read this booklet alongside your mortgage conditions and offer letter. It explains our most often used policies and procedures.
More informationWhat s My Note Worth? The Note Value Handbook
What s My Note Worth? The Note Value Handbook Inside Information Regarding Valuation of your Seller Financed Note in the Note Investor Market Compiled and published by Nationwide Secured Capital Retail
More informationFinding Buying Financing A HOME. Nothing Means More Than Having Your Own Front Door
T H E C O M P R E H E N S I V E G U I D E T O Finding Buying Financing A HOME Nothing Means More Than Having Your Own Front Door Y O U R J O U R N E Y T O Home Sweet Home Purchasing a home is an emotional
More informationYOUR NEW HOME. Member FDIC
7EASY STEPS TO YOUR NEW HOME Member FDIC 1The First Step Getting prequalified or preapproved by your bank is essential before you start looking at houses. A Frandsen lender can help you determine how much
More informationChapter Objectives. Chapter 8. Housing. How much housing can you afford? What are the rental prices in your area?
Chapter Objectives Chapter 8. Housing To determine how much you can afford to spend on housing To compare whether it is financially more attractive to buy or rent To explain the real estate transaction
More informationClosing Costs Explained
Closing Costs Explained When you apply for a home loan, you will receive a Good Faith Estimate of Settlement Charges, and a booklet that will explain these costs in detail. Loan Origination Fee: This fee
More informationPFIN 7: Buying Decisions 45
PFIN 7: Buying Decisions 45 7-1 Buying Plans OBJECTIVES Explain the advantages of using a buying plan. List the steps of a buying plan. Set criteria for selecting one item over another to buy. Explain
More informationReverse Mortgage FAQs
Reverse Mortgage FAQs NMLS# 1313859 Frequently Asked Questions about Reverse Mortgages At ReverseMortgages.com, we get a lot of questions from our clients about reverse mortgages, the process of getting
More informationHow to Strategically Manage Your Debt
Debt. Funny how four little letters can feel so dirty. Most of us have it in one shape or another, but none of us like to talk about it. Debt can get us into trouble, especially if it is unplanned and
More informationHOW YOU CAN INVEST YOUR MONEY IN TODAY S MARKET THROUGH PRIVATE MONEY LENDING
HOW YOU CAN INVEST YOUR MONEY IN TODAY S MARKET THROUGH PRIVATE MONEY LENDING Legal Notice Copyright Notice. All rights reserved. No part of this publication may be reproduced or transmitted in any form
More information