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Adopter wanted a younger, This is the face of a dog who is not only heartbroken but has given up

Securing a loan is an important process in home buying. Most buyers save for the down payment and leave the rest to mortgage. The system makes life easier to those who understand their loan better but it can also add burden to home buyers if essential elements are not properly taken care of.

Here are some tips when you plan to secure or you already have a home loan.

Save as much down payment as you can. Set aside portion of your income monthly and be disciplined enough not to spend it. You pay lesser debt if you give bigger amount of down payment.

Gather as much information as you can from credit companies or banks when you are looking for a home loan. Know important details on interest rates, mortgage features, package offers as well as fees and charges. Example questions you can ask are as follows:

Do you have a low introductory rate available?
What are your fixed and variable rates?
Will the home loan features incur additional cost?
What are the cost involve in getting a loan?
Is it possible to switch banks?
Do I get interest rate discount if I pay annually?
Save money by finding a loan that suits your financial needs. Compare the information you have gathered. You may want to check with your existing bank if they have better offers. A mortgage broker can help you get a better deal but be aware of the commission fee it will cost you.

When paying your mortgage, pay regularly and give more the minimum required if your financial situation permits it. It is a good idea to put your bonuses or extra money to your mortgage so that you can pay your debt faster or reduce the interest charged. In some cases, you can save money by moving to another lender or getting another loan. This process needs careful research though as charges also applies and it outweighs the benefits.

Review your home loan. Lenders change what they offer most of the time. Make sure that your home loan is updated as interest rates frequently rise and fall. Aside from interest rate changes, you should review your mortgage if you have changed your job and that your salary either increased or decreased. If a new member of your family has been added, you might need necessary adjustments to your home loan. Ideally home loan health check is done every 2 years.

Buying a home can be your greatest investment in a lifetime. Make your purchase easier through loan. Know more home loan tips at ZEP Finance.

Poor #MIA #A1969153 just found out her potential adopter decided she wanted a younger dog. This is the face of a dog who is not only heartbroken but has given up. Do you blame her? She’s been waiting since July 😢😢


Meet Mia #A1969153 a 3 year American Bulldog. She arrived on 7/17 and for days she pressed herself against her kennel bars to get affection. She has obviously been failed by humans before yet she holds no grudge and she has so much love to give. Besides her lovable personally she has a very calm temperament, very low energy perfect for a big or small house. She really is a cuddly bear that will be happy to share a space on your couch. Please let’s help Mia, consider her for adoption/ foster/ rescue. Mia must go to a home with no small dogs.

We are NOT the City Shelter to where pictures were taken. FOR MORE INFO ON THIS PET please contact:
Miami Dade animal services at 305–884-1101
Pet Adoption and Protection Center
Shelter address: 3599 NW 79th Ave, Doral, FL 33166
Ask for information about animal ID number #A1969153

STATUS : - read comment for update from crossposter
If you are thinking about getting a mortgage to purchase or build a house then you will come to find that there are 2 types of mortgages that are the most common. These are adjustable rate mortgages - aka ARMs - and fixed rate mortgages.

Fixed Rate Mortgages

With a fixed rate mortgage, there is a rate of interest that will remain the same throughout the entire term of the mortgage. Typically, this is for 30 years although there are fixed rate mortgages available for 15 and 20 year loans.

In general, the shorter the term of the loan is, the less the rate of interest will be. For example, for a 15 year loan the rate of interest can be a quarter to a half percent less than that of a 30 year mortgage. This means that with the shorter loan term you will pay less overall than what you would pay for a longer term loan even though the monthly payments might be - and generally are - higher.

A longer term loan might be easier to fit into your budget because the monthly payments will be smaller, but if you can afford the larger payments than it might be your best option to go with the shorter term mortgage.

No matter how long the length of the mortgage is that you opt for, a fixed rate mortgage is one that will keep you protected in the even as interest rates rise. That being said, since the rate that you go with will be locked in for the length of the mortgage, you might also be losing money if the rates of interest happen to fall.

ARMs or Adjustable Rate Mortgages

An ARM is a type of mortgage loan that allows for the rate of interest to be adjusted either up or down. This will depend on the economic trends that are current. See, the rate of interest for an ARM is based on something called the money market index. The most commonly used for this is the one year United States Treasury bill. That said, you might also find LIBOR - London Inter-Bank Offer Rate - CDs or other indexes being used.

In order to determine the ARM rate, your lender will add what is called a margin to the index. Typically this is between two and four percentage points.

While an ARM rate might be lower than a fixed rate at the outset of the loan, the rate can and will change with the market trends. That being said, there are typically limits to how high the rate of interest can go throughout the life of the mortgage. While these limits might offer you a bit of protection in the event the market changes drastically, the stability that is inherent in a fixed rate loan is not seen with an ARM.

All told, when you are considering taking out a mortgage, take a long hard look at the types as well as what your finances are so that you will make the choice that is best for you and your family.

Kathryn McDowell is a finance writer and has the goal to educate her readers about the finer points of a home mortgage. Know the facts so you can make an informed decision and be able to afford your home loan.