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Affordable Term Life Insurance-Protect Your Family Income

22 Jun
"What You Should Know About Buying Life Insurance"Today we are looking for many ways to cut cost in the home and work place. Most of us  down graded and sacrificed to make ends meet.  Affordable Term Life Insurance is the one thing we can not afford to do without when raising a family.

Term Life Insurance is more affordable than whole life insurance which last in most cases to 100 and term life insurance last a certain amount of years then stops.

  • 15 yr term
  • 20 yr term
  • 30 yr term

The main purpose is for the families that need  affordable life insurance to protect against the lose of an income.

How Long Do I Need This Term Life Insurance?

You will need the your insurance to replace your income until your last child is out of college if you or your spouse should pass.

Do I pay less if a spouse is not working?

If you mean a stay at home parent, they do work. If that parent loses their life you would now be paying enormous cost for day care and after care. Not to mention missing work because of illnesses.  I would calculate what the extra care would cause and multiply it by the years it would take the youngest to finish college.

Can I borrow against my plan?

If you are investing the extra money you will be saving by using term life, you can borrow against that. If you are not saving the difference there is nothing to borrow.

How much should my policy be for?

Just calculate your income by how many years your youngest is out of college and allow extra for the rise of inflation.

How much do it cost?

Insurance is charge per $1000 (unit). The cost will change with your health situation. for instance you may pay $16 pr unit if your a 18 year nonsmoking female and $26 if your an 18 year old smoking female.

Males cost is slightly higher and the cost goes up the older you get. But you can afford more money on your life for a cheaper cost and later if you began to smoke or your health changes your policy will still stay the same.

The sooner you get your Affordable Term Life Insurance the better. Get your family protected against poverty by protecting your income. That will be the greatest gift you can give.

Resources:

How To Get a Free Term Life Insurance Quote

“What You Should Know About Buying Life Insurance”

CONSUMER GUIDE TO TERM LIFE INSURANCE

How Not To Buy A Forclosure Property- 5 Costy Mistakes

18 Apr
Foreclosure Investing For DummiesBuying foreclosed property is the way to go if your plan is to save money. But saving money is only a dream if you don’t have this information.

Even if you find an almost free foreclosed home there are costly mistakes people make everyday. Be armed with this knowledge and truly get your dream home without nightmare cost!

1.) Over Bidding

Over bidding is a mistake that happens very often. Lack of planning before hand can be costly.Once you bid over the asking price the pre existing appraisal can not be used and a new appraisal is required.

It’s best to bid the asking price or a little lower to avoid problems (cost) from a new appraisal.

2.) Taxes

Many people that are not aware that certain state transfer taxes from Federal Government ownership to a private buyer are waived. Causing many to over pay on transfer taxes of the foreclosed property.

A majority of lending companies are unaware also because of the small amount foreclosure transfer they do. You have to make sure they know the rule in your state in order to save this money.

3.) Home Inspections

You should always get a home inspection done to make sure your dream home will not cost you ridiculous amount of money in repairs. Also tell the inspector, who works for you to let you know of all repairs needed for the foreclosed home . This list will be needed for the escrow amount that HUD has offered for repairs once you buy the home.

4.) Leave Your Money In Your Pocket

Most people don’t understand that the Federal Government will allow you to include most planned repairs to be added into the mortgage amount. So why spent your money on repairs if you don’t have to.

5.) Paying For Appraisals

You don’t have to pay for an appraisal if you have your lender request the appraisal already purchase by HUD and used to finance the home. Using the existing appraisal will save you hundreds of dollars. Always use the free existing appraisal from HUD or VA to save time,confusion, and money on a new appraisor .

Find The Lowest Mortgage Rate

15 May

If your in a mortgage and want to find the lowest rates for lower payments, you have many options for looking online. Plus it’s easier today to do research with all the companies having websites with mortgage calculators and offering home mortgage tips.

  • Lower Payments
  • Save Thousands
  • More Money On Hand

Mortgage rates are now at an all time low. Do your homework and lower your monthly mortgage payment and save yourself a bunch of money. It’s worth the effort.You can find ways to get the lowest possible home mortgage even if you have bad credit.

Whats Keeping You From Getting The Lowest Mortgage Interest Rate/Lowest Monthly Mortgage Payment?

I know so many people are used to talking to live people about mortgage matters. However you can cover so much more ground online. The websites will calculate what you qualify for and some have live help to assist you.

It has been told that the Federal Reserve Bank will stop purchasing mortgage backed securities by the end of March.There is a possibility that this could drive the mortgage rates up a full per. point. This being said do your research and find out what you have to do to qualify for a lower mortgage payment.

Hopefully they stay low but one can never be so sure.

Currently a 30 year fixed mortgage interest rates around 4.8% while a 15 year fixed mortgage interest rates are around 4.2%. These are the averages of conventional mortgage rates.

Depending on the equity in your home and credit score you may be able to refinance below 5%. Your credit score may have to be above 740 ish.
The point is if you lower your home mortgage interest rate you lower your monthly payment.

Now Go Lower Those Rates!

Mortgages and Refinancing : Get the Best Rates (Entrepreneur Pocket Guides)  Mortgages and Refinancing : Get the Best Rates (Entrepreneur Pocket Guides)

Mortgages For Dummies  Mortgages For Dummies

Consumer Handbook on Adjustable Rate Mortgages  Consumer Handbook on Adjustable Rate Mortgages

Welcome to Home Tips And Stuff!

3 May

Thanks for visiting. I hope you enjoy my blog. I aim make my information knowledgeable,entertaining  and fun to read. There are more concerns in our home then the monthly bills. Let’s talk about them. This is for you!

Look forward to many new post. Send in any request you might have.

 Enjoy!