Who’s more important: Buyers Agent or Mortgage Broker?

INTRODUCTION

So, it’s perpetually attention-grabbing once it involves finance in property, which is a lot of important? Is it the buyer’s Agent or Mortgage Broker? And after all, being a consumers Agent, you expect Maine to mention that consumers Agents area unit thus necessary that they couldn’t be probably surpass by the Mortgage Broker.

Quality Choice

That’s despite the very fact that quality choice is thus implausibly vital for property investors, I still suppose the Mortgage Broker triumphs them. That’s just because, if I’m shopping for a house as associate degree owner occupier, it’s a game of bricks and mortar. I’m shopping for it for sensible shelter reasons that come from my live of standing, my live of wealth also because the basic desires of golf shot a roof over my head.

However, after your area unit shopping for associate degree investment property, it’s not a game of bricks and mortar any longer. It’s a game of finance. It’s really a game of having the ability to lend to the most effective advantage optimally thus you’ll be able to purchase a lot of property still and build a portfolio over time. So ultimately, you’ll be able to retire the debt and have the passive financial gain that comes from holding these assets. So for me, it’s unquestionably that the mortgage broker is a lot of necessary than the consumer’s agent and that i try this through gritted teeth only if I’m a consumers agent.

Importance

If a company is within a 40% range that they wish to borrow some more cash to shop for a lot of investment properties. However as a result of the fact that they’ve stacked all of their loanings with in every of the four pillars lenders, that Bank saw their risk as being too high and so the said, our policy won’t lend you any longer cash despite the very fact that on paper, they will get more cash quite well. Thus if that they had got a mortgage broker who knew what they were talking regarding and had structured that properly, they might ne’er had been in this position. Thus albeit the portfolio was packed with extremely nice assets that area unit is performing arts very well, if they’re hamstrung on finance, the chances are high that they won’t get associate degree best result.

So for me, a decent mortgage broker are thinking 2 or 3 loans earlier. While they’re putting in this loan, |they’re} additionally keeping a watch on the horizon on what are they getting to be doing next and therefore the one at that time as a result of what I do immediately can have a control on those 2 selections. Thus I perpetually suppose, regarding obtaining the investment ownership, you bought to induce the strategy right then the residential district right and in conclusion, the property. Your mortgage broker encompasses a handle on your level of details beneath your household’s roof, right all the way down to the cash you pay on the mortgage, the cash you pay on food, all of these type of things. So that they extremely management income in your house.

CONCLUSION

In the case of a buyer’s agent and a mortgage broker, a mortgage broker is a lot of necessary than a buyer agent. However, there’s a footnote to it. It has to be an associate degree investment savvy mortgage broker, not simply any mortgage broker who simply needs to try to dealing.

Check out http://www.mortgagebrokerco.com.au for more informations and help.

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What Exactly Is a Mortgage Broker and Why Should I Use One?

Are you hesitant about using the services of a mortgage broker or are you skeptical about what a mortgage broker can do for you? The purpose of this article is to explain the advantages and benefits you can receive from using the services given by mortgage brokers. I am hopeful that, after reading this article, you will better understand the services provided by a mortgage broker and consider using a mortgage broker to cover their mortgage financing requirements.

What Is a Mortgage Broker?

Basically, a mortgage broker is a representative of all credit institutions and its function is very similar to that of an insurance broker. A representative of the bank that works in a specific credit institution is an employee of that bank and knows all the mortgage products that your bank provides. So, if you go to your bank to get a mortgage, the representative analyzes your situation and takes the best product that your bank provides for your wants. If you visit a mortgage broker for mortgage financing, they consider your exact situation and select the best product from one of the lending institutions at their disposal. Learn more.

So, How Will You Benefit Exactly When Using a Mortgage Broker?

Save Time

Several people try to buy their own mortgage traveling to the top 5-6 retail banks, which can take a long time. A mortgage broker will find you where it is most convenient and they will buy your mortgage saving you valuable time.

Credit Score

One of the most significant considerations for everyone, when they buy at different banks, is their credit score. Every time you go to a bank and just apply for a mortgage, they will prepare a credit inquiry; too countless inquiries will harmfully affect your credit score. A mortgage broker requests just a credit inquiry and then sends it to the banks that are buying.

Save Money

Many people have the false assumption that it is exclusive to use a mortgage broker. Actually, most mortgage brokers do not charge any fees as they are paid by banking institutions to bring them to business. That is the best part, get impartial advice on your mortgage and it does not cost you money.

Best Rates

The use of a mortgage agent guarantees that you will obtain the best rates available, the independent mortgage brokers trust in the repetition of the business so that they do not play, they find their clients the best possible rates.

Fast Approvals

Generally, a mortgage broker will have your mortgage accepted within 24 hours, at the best interest rates. If retail banks approve a person’s mortgage quickly, sometimes it may take weeks to negotiate at the best price.

Conclusion

Today, it is no longer necessary for all to place their trust in their bank for their mortgages. Now there is a large amount of information available to consumers, with all the information available, it is beneficial for consumers to use the services of a mortgage broker to help them analyze which products will best suit their needs.  Check out this site: http://www.mortgagebrokerco.com.au

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You Should Trust a Mortgage Brokerage with Your Military Financial Planning

Planning and saving for the future has always been difficult. Taking time out of a busy military schedule to find and choose lenders is an unnecessary stress. Instead of joining the front lines of military, financial planning alone, hiring a mortgage broker will make finding a mortgage simple, easy, and safe. While you fight the good fight, you should be able to rest assured knowing your finances are appropriately handled.

Here are a few reasons why hiring a broker is the safe and efficient choice for managing military finances.

Leave Out the Hassle of Finding a Mortgage

Choosing the right mortgage on one’s own is a tedious and arduous task. With seemingly unlimited options, shopping around for a mortgage often turns into a long and frustrating process. By hiring a mortgage broker, you won’t have to worry about setting time aside to sift through the multiple options available. The agent will carefully analyze your financial situation and choose the perfect plan for you. Not only will they ensure you have the best plan, but they will also save you the headache of finding a mortgage on your own.

A Brokerage Will Protect Your Finances

Military, financial planning is unique to its civilian counterpart. While in active service, unexpected postings can cause problems for one’s financial planning. Hiring a mortgage broker who is familiar with the uniqueness of being in the military will guarantee that a posting won’t affect your financial standing. The mortgage brokers Melbourne will ensure you find a lender who provides mortgage protection, should an unexpected posting crop up in your future. Focus on preparing for your upcoming posting without having to worry about any penalties.

Planning for the Future

Saving for the future is a daunting task. From debt management to savings, a lot goes into managing finances. Being in the armed forces adds the extra stress of potential postings and other unexpected changes. Hiring mortgage broker to manage your finances ensures that you’ll have the upper hand, no matter what life throws your way. Whether you’re relocating, buying a new home, or saving up for retirement, a military finance broker will understand your unique situation and get you the financial plan you need.

Finding a lender for your financial situation doesn’t have to be difficult! By hiring amortgage broker, you’re making sure that you’ll get the best mortgage from someone who knows how different military, financial planning can be. While you’re protecting our country, let a broker protect your finances.

Pre-Payment Penalties

Lenders impose a pre-payment penalty on clients who repay the loan before it matures. This is because clients paying early deny lenders the opportunity to collect recurring interest payments. The penalty helps them recover some of the money. Luckily, VA programs allow one to repay the entire amount borrowed to purchase a house at any time, and no penalties are imposed. This gives one a chance to start considering and planning for future home purchases as well as alternative refinancing options.

Finally, the mortgage brokers Melbourne consider the basic allowance for housing when calculating an applicant’s current income. This means that military personnel can use this benefit to pay their monthly premiums. Some of the factors that determine the BAH include the number of dependents, pay grade, and geographical location. for detail http://www.mortgagebrokerco.com.au

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Dream Weaver – Just another name for a Mortgage Broker

When we think of mortgage brokers, we usually think about the high stakes playing field on which they ply their trade. During a day, they can handle deals worth millions of dollars.  They have the ear of the key players in the fields of business and finance in their region, and can make or break a deal with a handshake.  But the ideal broker never forgets how he or she got started, and for most, that was sitting across from a young couple anxious to buy their first home.  They could see the gleam in their eyes as they talked about starting a family, having room so relatives could visit or having spare room for an aging parent.  After they ticked off the list of must haves the broker, who back then was probably just a real estate agent, searched high and low to find a property that would suit them both.  Things were quite different back when they first got started.  Beating the streets to find a suitable property you alone could show has given way to online sites that can show every room in a house as soon as it hits the market.  By the time you show a prospective buyer a property, they know more about it than you do.

Still, there’s lots of hand holding that goes into the personal side of home ownership.  That part will never change.  And technology available today can really work to the advantage of many couples out there trying to figure out how they’ll make ends meet.  The smart broker will not only steer them to the best financing, they’ll encourage them to use every advantage they can, like shopping Groupon for deals at Sears.

They say that you know a couple is sold then they start to envision
their personal items in a space.  As they begin to see their dream take shape, part of the reality should be using money saving Groupons to purchase the items like appliances, furniture and bedding.  With Groupon codes, you can save 40% off appliances, 60% off during their Big Brand Events, and sign up for more alerts for exclusive deals.  Many of the discounts can be applied online or instore, so there’s always a way to take advantage of a good sale at Sears so you can make your dreams come true.

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Job Description for a Mortgage Broker

Are you in the market for a new job? Why not join the team of mortgage brokers Melbourne and start your new career! Log into www.mortgagebrokerco.com.au and join theteam.

Mortgage brokers are those individuals who provide their services when a client is in need of a mortgage to buy a new house, or any real estate for that matter. A mortgage broker acts as an intermediary between the client and banks or lending institutions to facilitate the financing. Unlike the lending agents of banks, a broker is not affiliated with any bank or lending institution, hence is free from any bias towards a particular company. A broker’s duty is also to collect the documents and expedite the process of obtaining the title deed and necessary appraisals.

Mortgage Brokers Melbourne

Mortgage Brokers Melbourne are individuals who have strong communication and interpersonal skills so as to make the process of buying houses for the client easier. Brokers offer the client different financing options and facilitate the whole process by providing the client with in depth information. They also explain, to the client, the legalities and complexities of the whole loan process.

Question you can ask a mortgage broker:

Now you may ask that what it takes to be a mortgage broker. Any particular degree or special skill set? Mortgage brokers Melbourne do not require a special degree or level of education. A degree in real estate may be helpful but not a must. You can participate in few special courses or workshops that are offered so as to gain more expertise in this particular field. Good communication skills and being able to keep a good rapport and personal connection with clients go a long way in this particular line of work. The customer turns to you for sincere advice when they are in the process of taking the loan. Hence, it is imperative that you understand and deal with the clients concerns with utmost dedication and sincerity.

Rise in housing industry and mortgage broker:

Any rise in the housing industry of the country is a direct advantage for a mortgage broker, the broker will be more in demand as clients will be in the buying phase and hence will need assistance in buying their properties. Similarly when there is a dip in economy and the housing industry suffers so will the broker as there will be fewer clients in the market in search for a house. Thus, the economy plays a major role in the booming business of mortgage brokers.

In order to start your career and be a part of mortgage brokers Melbourne, you will need to license yourself by giving an exam. Once you obtain the license you can start working. You can simply log into www.mortgagebrokerco.com.au and join their team of mortgage brokers. However it is not imperative that you join a team you can also work on your own. Since brokership is part of the service industry the essence of it lies in keeping the customer satisfied. As a result, it may entail some travelling as well as personally visiting banks and institutions in order to facilitate the financing process.

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Getting More Value for Money with a Mortgage Broker

Do you need mortgage brokers Melbourne? This has fast become a greatly asked question and the truth is a lot of people are happy to use their services. However, brokers are a necessity in today’s market as it’s so difficult to understand the buying process. That is why it’s necessary to use a broker but how can you get even more value for money? Read on and understand what a broker can do for you.

Viewing Individual Circumstances to Understand Your Financial Position

You might have a good paying job but who’s to say you can afford a two thousand dollar mortgage payment per month? If you have other bills to pay then even if you earn a lot of money, managing such a high mortgage payment isn’t ideal. However, a mortgage broker not only considers your monthly pay check but takes into consideration what is manageable for you. Mortgage brokers view your finances and look at every area within your payment life so that they can fully understand what you are able to pay and what is going to be a reasonable mortgage too.

Searching For an Affordable Mortgage and Not Just For Today

Let’s say you are paying around one thousand dollars per month on the mortgage, will you always be able to afford this amount? As we all know, circumstances change and it is very important to get a mortgage that is affordable and not just for today but for the future also. This is something a broker looks into and thinks very carefully about so that their clients get the very best deal without compromising themselves in the future. It is so easy to say a thousand dollars a month is reasonable but if there are unexpected money issues then this could become too high in the future. Brokers look at all this so that the mortgage is more affordable. To find out more, check out www.mortgagebrokerco.com.au.

Getting Help after the Sale Is Complete

However, while the primary goal of the broker is to find a suitable mortgage, they also have the duty of aftercare. For instance, the broker can assess your situation in a year’s time and see if there is a better deal to be had. If there is, then the mortgage brokers Melbourne can look at getting that deal for you. However, they can also help with refinancing somewhere down the line if that’s the route you wish to take. This is certainly something that could prove useful in the future and that is how you can get even more value for money. Click here!

Help Is There When You Need It

Too many people forget that brokers have a variety of tasks and while they of course look for the best mortgage, they also look into refinancing and helping you to complete the mortgage loan also. They are technically with you every step of the way and that is so useful. You are able to get so much value for money with a broker and while you might think they aren’t needed, they’re really important. A mortgage broker could help with so much and make the process easier too.

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Get to know about services offered by Mortgage broker Melbourne

Since acquiring a house or any property is unreasonable, many mortgage holders retype to utilizing different establishments that will augment help through Mortgage broker. These establishments incorporate the accompanying: a mortgage company, a mortgage handle, a credit union, and a business bank.

A Mortgage broker is an assertion secured when some individual gets cash from any loaning element with the end goal of gaining a property. With the utilization of a mortgage note, the moneylender is given full power to grab the credited property if there is inability to settle up the cash loaned over a given elegance period. Hence, it is vital to check the greatest number of times as you can the stipulations expressed in the credit understanding. If you need to know more checkout this link:http://www.beiermortgage.com/choosing-the-right-mortgage-broker/ here. The loan costs, due calendars, and degree of legitimacy must be thought about before you focus on a specific lender at Www.mortgagebrokerco.com.au. At present, there are different financing associations that offer budgetary help with the type of credits. They are as per the following:

Get to know about services offered by Mortgage broker Melbourne

A mortgage company

Despite the fact that there are a few companies like services at Www.mortgagebrokerco.com.au that allow credits for property buys, it is fitting to pick the one that has adaptable installment choices and reasonable financing costs. Since the majority of these banks don’t have altered rate, you have to precisely choose which one addresses your particular needs. For best information visit this site here. Try not to be deluded by offers that are sufficiently enticing to lure potential clients.

Mortgage merchant

A Mortgage broker Melbourne goes about as the middle person between the mortgagee and the mortgagor. Being associated with different financing loan bosses, they are given a rate or a relating expense in return for getting clients. Since a different expense is required, first you have to know who will bear the borrower. Exchanges made with a dealer will mean extra costs and could make them more costly than working specifically with the agents.

A credit union

Credit unions are little budgetary establishments by Mortgage broker Melbourne, for example, common investment funds associations and cooperatives. Also checkout this link:http://www.infochoice.com.au/home-loans/guides/beware-when-using-a-mortgage-broker/18513/1/3 here for more to know. Most are exclusive and have their own arrangement of approaches. The credit union’s motivation is to give help to those looking for monetary services. Since these are smaller, when contrasted with banks, the rates are regularly much lower and more sensible.

A business bank

A type of bank that has differing services just like Mortgage brokers Melbourne, for example, reserve funds, checking, time stores, and securities exchanges, a business bank’s specialization may be vast to the point that it incorporates credit gifts, protection believes, a financier, securities, wellbeing store boxes, and other comparative components. Guarantee that the business broker’s rates are focused and reasonable, with the goal that you can exploit the best give you accessible to you.

Whatever property you are wanting to purchase through money related establishments, it is constantly judicious that you audit each and every provision that is displayed in the understanding. This will monitor you from remaining nearby to corrupt financial specialists that may exploit your circumstance.

 

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Mortgage Interest Rates – Securing the Lowest Possible Mortgage Interest Rate

Let us help you find the lowest possible mortgage interest rates available. There are many lenders offering a variety of mortgage loans including fixed interest rate mortgages and adjustable interest rate mortgages.

There are so many mortgages to choose from and so many decisions to make. We can guide you in securing a home loan to buy a home or refinance your current mortgage loan.

Did you know mortgage interest rates today are at record lows? Now the probably the best time in a generation to buy a home since current mortgage interest rates are so low and home prices have come down considerably since the housing bubble.

Mortgage interest rates today make refinancing your home mortgage loan worthwhile if you have the required equity in your home and the current mortgage interest rate on your loan is at least 100 basis points (1 percent) higher than current mortgage interest rates. Right now 30 year mortgage interest rates are under 4.00%, if you have a mortgage loan with a mortgage interest rate of 4.75% or higher refinancing makes financial sense and will save you money in mortgage interest payments

Mortgage Interest Rates – Securing the Lowest Possible Mortgage Interest Rate

If you can afford higher monthly mortgage payments you might consider refinancing from a 30 year mortgage loan to a 15 year loan. Mortgage interest rates on 15 year loans are always lower than 30 year loans. So between getting a lower mortgage interest rate today than your current loan, if you refinance to a 15 year mortgage the mortgage interest rate will be even lower.

Some banks, mortgage companies and credit unions are offering 15 year mortgage interest rates under 3.00% if you’re willing to pay points on the home loan. You can also roll the points and fees into the loan if you have enough equity.

Home equity is the amount of value your home has that you own. In other words home equity is the dollar value difference between the balance you owe on your mortgage and your homes worth. If your home has a appraised value of $250,000 and the amount of money you owe is $150,000 the equity in your home is $100,000.

Now if you’re buying home most lenders require that you put 20% down payment and when refinancing they don’t lend you more than 80% of the value of your home (refinance with cast out). Some lenders will lend you more but you’ll have to pay private mortgage insurance (PMI) which is insurance you pay for each month that protects the lender if you default on the loan.

There are many mortgage lenders out there that will lend more than 80% LTV. All you have to do is shop for and compare mortgage interest rates online. When refinancing if you don’t take any cash out you will find most lenders will go higher than the 80% LTV when refinancing. for related information visit : https://www.consumeraffairs.com

If you’re not taking any cash out of your home when refinancing you might find a lender going up to 90% or more. There are also FHA loans which allow for up to around 97% financing on a home purchase or a refinance. An Obama government program called “Making Home Affordable” allows homeowners to refinance a loan held by Freddie Mac or Fannie Mae with a lot higher Loan To Value (LTV) ratio, even over 100% in some cases.

Refinancing brings many benefits but there is also a cost. When you bought your home you paid thousands of dollars in closing costs, you’ll have to pay those fees again. Though if you refinance with your current loan provider they might be willing to do a loan modification with reduces fees. For example, say you have a 30 year fixed rate loan or a 5 year adjustable rate loan and what to change it to a 15 year fixed rate loan; they might change it without requiring many of the closing costs.

Current mortgage interest rates today have fallen to record lows so and home prices have fallen as well. If you’re on the fence waiting to buy or refinancing you should do so now because mortgage interest rates and refinance rates have nowhere to go but up.

When refinancing if you do choose a new lender you will pay settlement costs including an appraisal, title insurance, document preparation costs and other costs. Even with these fees in the long run if you refinance to a lower mortgage interest rate you will come out ahead.

I know this is a lot of information to take in. To sum up refinancing a home loan makes financial sense if the mortgage interest rate on your loan is at least 1.00% higher than prevailing mortgage interest rates today. If you’re buying a home you can get a lot more home now than you could a few years ago because home prices have come down and mortgage interest rates have come down.

Another factor to consider about refinancing is make sure you’re not planning on selling in a couple of years because the fees you pay on refinancing you won’t re-coop during that time.

The most important step is to shop around and compare mortgage interest rates to get the lowest mortgage interest rate possible with the lowest amount of fees and closing costs.

 

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Refinancing Of Mortgage Rates

When the indebtedness involved with one course of debt is replaced by another obligation of debt then it is referred to as refinancing. Refinance mortgage rates are associated with a number of advantages which are somewhat necessary in course.

There are many reasons because of which people opt for refinancing the mortgage and then replacing by the new loans or debts. There can be new terms and conditions which would benefit the people with one way or the other. For instance, there can be a new debt obligation where in the interest rate would be much lesser than the existing ones. This would result in either low payment in terms of installments or a reduced period of time overall. There can be other issues resulting in refinance mortgage rates like putting together all the loans or debts in a single system. This kind of consolidating can even result in longer term.

Refinancing Of Mortgage Rates

Some of the other benefits of refinance are reduction of possible risk and tax advantages. Conversion of mortgage rates that is from a fixed rate mortgage to an adjustable rate mortgage (ARM) or the other way round is easily possible through refinancing of mortgage rates. for more about ARM, click on link given: http://files.consumerfinance.gov

In case of never-ending loans or debts, the course of refinancing can be a little risky. While thinking of tapping into home equity, this fact should be kept in mind and any actions regarding this should be taken only after thorough learning. One should not think of making new applications for newer mortgages in a very short period of time. This would only result in more complexities. Along with this, borrowing should also be avoided as far as it is possible.

There are a few false notions regarding the refinance due to which all the customers are not able to enjoy the benefits. These should be avoided by thorough awareness of the norms of refinancing. A few years ago, mortgaging and refinancing was comparatively easy but today there are a number of complexities involved with it. This ensures good responsibility in issues of documentation and more. Financial stability is another important aspect so that all the payments are made in time.

In addition to all this, refinancing of mortgage rates is yet an important decision to be made because it involves various issues regarding finance. In usual cases, refinance takes about 3% to 6% of the principal amount of the loan. Potential savings can be greatly affected by this. Therefore before taking the decision of refinancing, one must be clear about the period of time for which he or she is going to continue to live in the house. Proper idea must also be formed about the total amount that would be saved if in case one opts for refinancing of the mortgage rates. Refinance associates with itself both the benefits as well as the loop holes and thus it depends entirely on the conditions on the part of the person to go for refinancing or not which is ultimately done on the basis of potential savings.

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Car Purchasing Tips From 9 Year Mortgage

It is inevitable that your long-time family car will eventually seize up and kick the bucket. Or maybe you’re like the many people who like to trade in their car every couple of years to avoid serious maintenance fees; you even may be possibly thinking of investing in another car for your older teens to share so you’re not left stranded at home every night while they rendezvous with friends. Whatever the case, when it comes to buying a “new” car for your families use, you can never be too careful. 9 Year Mortgage poses the question of what do you prefer to buy: New or Used cars? And Why? A second part to such a question is how do you afford it? 9 Year Mortgage has some helps and hints when it comes to such questions, and we’re here to share them with you!

9 Year Mortgage Discusses Which to Buy: New or Used

Buy New, Used or Lease? This is the question! As far as 9 Year Mortgage goes, we would suggest staying away from leasing a car whenever possible. Leasing a car is practically an extended car rental, where at the end of your designated time period you have to turn the car in or buy it for thousands more than what you have already paid – which is normally higher than what you would have bought it for originally! Here at 9 Year Mortgage we know that many people lease cars, and it may be the best solution for your situation; however we submit that leasing a car may not be the best financial decision to make in the long run, since you will never pay it off and will continually be making payments with no end in sight. With that being said, lets move on to the New or Used decision.

When deciding between purchasing a new or used vehicle you will no doubt be faced with a heckling salesman, too many options, and different opinions between you and a loved one. To make the car buying experience a little easier, 9 Year Mortgage has compiled a list of helpful advice to consider when deciding between new or used, and which car model. Although choosing between different years and models is a tedious task, there is a plethora of advice that actually pertains to both new and used cars:

Car Purchasing Tips From 9 Year Mortgage

  • Decide What You Want and Research It: Now a days you don’t have to step foot onto a dealership until you’ve narrowed down your list and are ready to test drive a couple cars. Through various websites, like Kelley Blue Book and AutoTrader, you can compare price, gas mileage, seating capacity, customer reviews or even engine sizes between different models. By using these resources, 9 Year Mortgage acknowledges that you may be able to narrow down your choices quite quickly and drastically cut your time spent at dealerships and talking to various over-zealous salesmen.
  • Determine a Budget and Stay to It: Like any major purchase, you must pre-determine a budget before you buy, and a vehicle is no exception.  Knowing what your budget is will not only allow you to make the smartest financial decision but may also help you in your decision making process. 9 Year Mortgage reminds you that this budget does not just include the price of that car, but what you can afford for a monthly payment, insurance, and monthly gas allowance.
  • Talk to the Right Salesman: Have you ever wished that technology was not as commonly used? Well, you’re not the only one! However, when deciding on which car to buy, technology is a lifesaver and money-saver! Did you know that most dealerships now have two types of salespeople? Yep, some in the showroom/car lot and others in the internet department. Now if you are pretty set on the vehicle you want, 9 Year Mortgage believes that you may want to consider talking to the salespeople in the internet department. Try negotiating prices with this portion of the sales team first because they are more likely to give you the best deal since they don’t work on commission, but volume sold.for related details visit: https://now.iseeit.com
  • Consider a Trade-In: Whether the car you currently have is 12 years old or two years old, you may want to consider trading it in for your new purchase. Once again, try using a website like Kelley Blue Book’s to determine the current value of your car, by doing this you will go into trade-in negotiations with a better idea of what your car is really worth and you’ll be less likely to get ripped off with such knowledge. Either way, you may be able to get at least $1,000 out of your old junker and most definitely more for your newer model; and any money will help you with your future vehicle financing.
  • Test Drive, Test Drive, and Test Drive: 9 Year Mortgage can’t stress this enough; you MUST take your soon-to-be car for a test drive. And not just a short twenty minute jot to the next town and back. If you want to be certain that this vehicle can handle your every day driving, take as long as you’d like with the car and drive it on every type of road possible: highway, inner-city roads, back roads, rough/under construction roads, twisty and curvy roads as well. Take it to your home, if possible, to determine if it can fit in your garage comfortably or if it can tote your sports or hobby equipment with ease. Some dealers will even allow you to take it overnight! 9 Year Mortgage knows that by taking your time with each test drive that you will not find yourself upset a month down the road (no pun intended) when the purchase is final.
  • Negotiate: Did you know that over 50% of cars that are listed for over 30 days have had at least one price drop? Try your bartering skills in order to get the best deal possible. If a new model has been driven a lot or your thinking of buying it used, mention the odometer reading or a cosmetic defect to get a lower price. If you don’t want to worry about negotiating, companies like Costco and  or AAA offer a car-buying service that will do all the haggling for you.
  • Don’t Rush Into a Decision: For most, purchasing a car is a rare decision that they must live with for the next ten or so years. Because this is most frequently the case, 9 Year Mortgage encourages you to take your time with any auto purchase. Regardless of what a salesperson may say, you can often find the same car for a similar deal at various car lots, so don’t let their mind games get to you. Take your time, test drive numerous models, and then- with a budget in mind- make your decision when you feel ready.
  • Maintain you’re “New” Vehicle: If your car comes with any warranty, keep a record with receipts of all and any maintenance or repairs. This will give you the upper hand in case you do need to use the warranty within the time allotment that it covers.

 

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mortgage broker guide for transaction