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Frightened bonded trio cling to each other for comfort as formally placed on death row

The fact of the matter is no one likes talking about borrowing money, but for many of us there comes a time when it's unavoidable. This inevitability doesn't have to be a heart-pumping, palm sweating nightmare. With the proper mindset and planning, going to a lender for a mortgage can be an easy process with minimal stress, and you'll come out knowing every possible answer. When preparing for the big day, here are some things to keep in mind.

Type A or B?

A good first step is getting to know the types of financing offered by your lender and which of those loans they believe will best suit your personal and financial situation. For instance, if you're buying a house that is in a less than perfect state, an FHA 203k may be the best choice. An FHA (or Fair Housing Administration) mortgage allows for the renovations, repairs, and the cost of the house all in one. On the other hand, if your future home is in a higher than normal cost bracket, then you may need a "jumbo mortgage", which comes with some added complications. Discussing the pros and cons of each type of advance and how they may best fit your needs will bring you to the next step.

Act of Faith

Obtaining what's called a GFE or Good Faith Estimate is a must when applying for financing. After you gain, preapproval is the best time to ask for your GFE. This mandatory document is created by the U.S. Department of Housing and Development, also known as HUD, and will provide you with information about the cost to close your mortgage, as well as the terms of the credit and the settlement charges. This form also has important dates, escrow account information, tradeoff table, and a shopping chart. You should bring any questions or concerns about your GFE to your loan officer. If you're still not sure, asking your realtor could also shed some light on any uncertainties.

Avoiding the Tar Pit

It is important to know what will slow your loan down. Many don't know that preapproval does not guarantee you to a line of credit. Make no mistake, until the full process is finalized, they don't have to give you anything. When it comes time to pony up the dough, a lender will go back through your employment status, credit scores, financial status, and other background information before concluding the transaction. Best thing to do is keep the pace. If you can help it, don't move around large sums of money, switch jobs, or start shopping for a new car after being preapproved. Take the time to go over your credit report, be available if the loan officer has any questions or concerns during the approval process, and always make sure to fill out every document to completion.

Showing your lender that you are making every possible effort to find the best mortgage for your situation, helps them gain confidence that you're a good match for their money. The loan officer is as much a person with a goal as you are, a common goal that you both share. Both of you want to see your application approved and getting all the information possible and keeping your life on a stable path ensures the best outcome.

Barc Houston TX
3 euthanasia listed scared dogs 😢

These three were turned in as “strays” . They are all exhibiting scared small dog behavior. They are all heartworm negative and should come around with time and love.

Please let us know if you are interested in these three. Thanks

please notify Mauricio Zepeda immediately via email mauricio.zepeda@houstontx.gov or cell phone 832.623.3871 (days off Friday and Saturday). If no response from Mauricio please contact Brenda at 832.395.9081



When you are looking to fund your retirement or access funds in a time of need, without sacrificing your quality of life, there are financial options. One of the most popular choices these days is equity release. There are a number of options and plans can often be adjusted to accommodate the needs of the homeowner. Lifetime mortgages are one popular option and, just like any other plan, it's important to do your fair share of research before making any decisions.

Different financial options are suitable for different people depending on their needs and overall financial situation. The general minimum age for anyone interested in applying for a lifetime mortgage is between 55 and 60. Not only will your age determine your eligibility but it will also be taken into consideration when calculating how much you may borrow. At the age of 65, you can normally release approximately 20 to 25% of the value of your home. The older you get, the higher this percentage becomes and it can reach as high as 50%.

Another important point to keep in mind is that companies usually implement a minimum loan amount. The minimum usually ranges from £10,000 to £20,000 depending on the lender's policies and how the homeowner measures up to various criteria. Lenders also usually require that the applicant's home has a certain minimum value. Again, this minimum varies based on several factors and can be anything from £70,000 to £100,000.

Homeowners who meet the minimum age requirement, as well as the additional criteria, can enjoy the benefits of a lifetime mortgage. One of the main advantages is that homeowners will not need to move out of their existing home. They can continue living in the very house they love without worrying about making any payments. Just like most financial agreements, it's important to ask your adviser about their cancellation policy. Should you decide to pay off your lifetime mortgage ahead of time, you might be liable for certain fees, and it's important to consider this regardless of your plans for the future.

When the time comes, and you need to move into a long-term care facility, or if you pass away, your beneficiaries can choose how they wish to repay the equity release. This can be done by selling the property or, if they prefer, they can take out a personal loan in order to maintain ownership of the property rather than selling it. The second option usually proves popular if the property has some kind of historical or sentimental value.

Find out more about lifetime mortgages