Remember my realtor friend who’s trying to talk me into becoming an agent and partnering with her? Well, the other day she was talking to me and then she stopped right in the middle of her sentence. When I finally got her attention, she said that she had found what she had been searching the Internet for: a blog on active rain by Rusty Solomon, I think his name was.
I’ve heard of global warming, but never of active rain. I didn’t want to get into some strange environmental diatribe, especially considering I never knew that Bea was interested in that sort of thing. But I just couldn’t resist asking her, and I was glad I did.
As it turns out, Active Rain isn’t a new form of acid rain. It’s a website for people who work in real estate to connect with others in the same field. Now, that’s a much more specific idea than, say, a Facebook group. So I had a few other questions for Bea about how it works, but this time, I was able to resist.
It intrigues me that people in real estate work so hard to network and get their names out there. I’m starting to see why Bea describes herself as a workaholic with no plans to change. It appears that this is a bunch of folks who are willing to market themselves tirelessly, even within their industry.
To me, that makes it both more intriguing and more intimidating to consider joining the field. I don’t know if I have the energy, let alone the marketing smarts. Then again, as Bea said to me, she’s reading blogs and interacting with other real estate professionals on Active Rain just so she can brush up her own chops!
In that case, maybe moving into the real estate business would be a good move for me. With this many motivated people, how can it be a bad field to be in? Now I just have to work up my gumption to the point where I can say, “I’m in.”
Real estate can be a difficult business. We live in an Internet driven society, and unfortunately, many real estate companies just don’t have the personnel to hand social media accounts or blogging projects. Still, blogging is a great way to draw business to any company, and the Mandrien real estate marketing blog service can help companies that need a little assistance in this area. The following information will outline why having a blog just makes good business sense.
Simply put, blogs can make you money. Regardless of the type of business you have, you need to attract customers. Blogs can do this for you, and good ones can also help you maintain customer loyalty over time. The more interesting information you are able to impart to others, the more they will continue to return to your site. Yours will be the first name they think of if they ever need assistance, primarily because they will see you as an expert in your field. In addition, their presence on your blog can help you as well; the comments that your guests leave and the information they fill out when they are on your page can help you work better and tailor your efforts to the needs of your target market.
Particularly in the real estate industry, people want to feel like they can trust whoever they are working with to act in their best interests. If they are completely unfamiliar with your company, this is going to be hard to do. However, a blog gives potential clients a little window into your world. It makes them feel more familiar with you, and as a result, they are more willing to do business with you and trust you during this important time in their life. While you may initially feel a little skeptical about the impact of a blog, after having one for even a short period of time, you should see the benefits to your company.
You’ve just bought a new house, landed a new job out of state or even decided to move back home for a while, where’s the nest place to start? First of all you need a have a concrete move date then you need to Plan forward towards that date. Making a list is a great place to start and visualize the upcoming move. You need to think about stopping mail and utilities at the old address and starting them at the new one. You will want to make a list of local austin movers to contact and get quotes for your move. Then you need to think about your family and pets. How will you get the pets to the new home? Will your children need to be registered for a new school?
Once you have your list put together you should have a good idea of the best game plan for you and your family during the move. Read more »
If you are thinking about purchasing a new home, the first question you will undoubtedly ask is how much house you can afford. It is a good idea to have a price range in mind before you call a realtor and begin browsing the Internet and classified ads for homes for sale. It is also wise to know how much you can afford before you visit the office of a builder in your area. Because home buying can be an emotionally taxing process as well as a time consuming one, the ability to narrow down your scope of choices at the beginning of your house search will be beneficial to you. The good news is that you can calculate the numbers on your own with the assistance of a home mortgage calculator.
Advantages of Home Mortgage Calculator:
Home mortgage calculators are easy to find and easier to use. There are any numbers of websites on the Internet that will provide this service for you, and a number of calculators that you can purchase that will provide this functionality. A calculator can come in quite handy, since you can take it with you to meetings with your realtor or builder, to crunch the numbers as you go through the purchasing process. The Internet will provide the easiest use of a home mortgage calculator, since you can simply punch in the information necessary, and the computer will do all of the hard work for you.
How the Home Mortgage calculator Works:
To use a home mortgage calculator, you simply need to know the approximate purchase price of the home that you are interested in, and the current rate of interest available for a loan in that amount. You can find out how much your monthly mortgage payment will be, which will give you an idea of how much house you can afford. You can also use a mortgage calculator to determine the annual income that will be required to purchase a home in a particular price range. To utilize this type of mortgage loan calculator, you will need to know the amount of your monthly expenses, as well as the purchase price of the loan and the interest rate.
Other types of mortgage calculators that you might find handy in your search for a new home include a method to calculate the amount of a monthly payment on an interest only loan, or a comparison on what it would cost to rent versus buy a particular piece of property. These mortgage calculators can help arm you with plenty of good information that will prove to be valuable in your search for a new home.
First mortgage is a loan taken on a property for the first time. The date of each loan determines what position it is in and the remaining amount is listed out in the calculators. So, these calculators are often called First mortgage calculators. This First mortgage loan has a priority over all other subsequent loans.
Mortgage loans generally involve inputs like the desired mortgage amount, which is the total loan amount one is looking for. Next in the line are the monthly housing expenses, which make up the taxes and insurance portion of one’s monthly payment. Monthly housing payment includes your principal, interest, real estate taxes, hazard insurance, association dues or fees, and Principal Mortgage Insurance (PMI). This gives the total Principal, Interest, Tax and Insurance (PITI) payment per month. Other inputs are monthly liabilities, maximum principal and interest (PI), starting interest rates and term in years.
There are different types of online calculators to calculate mortgage payment tables, to check mortgage affordability, to verify whether one is eligible for loan, and to find the mortgage pre-payment. Calculator programs used to find the monthly payment tables take minimal and simple inputs like minimum and maximum principal and interest, number of years, and the output format. Mortgage affordability is checked using annual income, interest rates, length of loan, and monthly debt. Loan qualification requires monthly mortgage principal and interest, expected annual property rate and home insurance, sale price of home, and down payment. Mortgage pre-payment takes in loan amount, interest rate, and length of loan. All these information are processed immediately and the results are displayed in the desired format. The processing methods are updated to follow the latest regulatory and tax laws. Some offer print modes of the results along with the inputs.
Most of these calculators available online are downloadable and free. An additional advantage is that they are java-enabled and programmed to work in all operating systems. Calculators are available from $1500 and come out with user-friendly interfaces. Connecting to the Web sites periodically allows the users update the software. Source codes are also available with a small increase in the fee.
For Australians who seek to purchase a home, there are many factors to consider and a lot to think about when it comes to the whole process of acquiring a property. While the road to getting a home loan seems the most probable way buy a property, what type of loan are you actually going to get? Back in the days, people had no other option but to go to a mortgage broker or lender to seek a loan. In today’s modern times, such traditional approach to getting a mortgage can be avoided. Technology has brought forth the emergence of online brokers, whose websites can help you apply for a loan in less time. If you are not that familiar with using online brokers and mortgage websites, here are a couple of points that could enlighten you:
1. Online mortgage brokers allow you to use different types of mortgage calculators. For mortgage websites, these calculators are some of the sure fire ways to attract customers. Who wouldn’t want to compute the figures of their loan before deciding to apply? A couple of decades ago, people relied on their brokers when it comes to the numbers involved in a mortgage. But today, jumbling all the loan figures can be a breeze thanks to the help of this ingenious invention.
2. Mortgage tools provide you with valuable information you need regarding your mortgage. There are a lot of mortgage tools that were not available back in the days. For example, a home affordability mortgage calculator can help you determine your borrowing power even before you apply for a loan. An interest rate mortgage calculator on the other hand can help you determine your monthly interest payment based on your home loan amount and the interest rate you were given. Other types of mortgage tools include prequalification calculators and repayment calculators.
3. It’s easier to compare mortgage rates online. A lot of mortgage websites provide information regarding mortgage rates from different mortgage lenders. They provide lists so home buyers would have less trouble choosing home loans based on interest rates. Once you have an idea of the most affordable mortgage rates, it won’t be that hard to decide. You’ll also get to know some of the advantages and disadvantages of the different types of mortgages.
4. Information regarding mortgage fees, payments, closing costs, etc. are more accessible. When you go to a mortgage website, it’s basically like flipping through the pages of a book. Mortgage websites literally have everything in one place and all you have to do is browse, browse and browse. Why do you need to go to your lender’s office when you can comfortably search, compare and apply for a home loan inside the comforts of your own home?
If you plan on using an online mortgage broker, you have to be extra careful. Since information is more accessible, you also get access to misleading information. Read the fine print as much as possible or ask other people whom have had experiences working with mortgage websites.
When looking for a home to buy, the first thing you need to work out is what sort of price you are willing to pay. So, it’s important to find out how much you can borrow with a mortgage.
Before you go clicking on property websites and falling in love with the home of your dreams, you need to set yourself a budget to stick to. This will save you from pining over a property that is out of your price range, or could reveal that you are able to get a bigger house than you initially thought.
The quickest way to get a good idea about what home loan you can expect to be offered is to use a mortgage calculator. This is an easy online tool that is widely accessible to homebuyers and enables you to have an estimate of your mortgage by simply filling in some financial details.
By putting in information about your salary, outgoings and other expenses – such as debts – you will be able to receive a quote on how much money you’ll be able to borrow.
While the figures aren’t set in stone, they are an accurate indication of what financial services providers are likely to offer, which will allow you to get a better idea of your budget so you can start looking at houses in that price bracket.
Mortgage calculators are also valuable tools as you can quickly determine what your monthly repayments will be as it works out the interest on the amount of money borrowed. You will therefore be able to quickly see how this might affect your spare income and whether you’ll be able to afford the mortgage.
If you think the repayments are high, you do not have to take out the total amount of money offered to you and might want to opt for a cheaper property in order to make sure you can meet the requirements.
It is important to work out whether you will be able to keep up with the loan recompense, as your home will be put at risk if you miss mortgage repayments.
However, providers do not lend the money if they think you won’t be able to pay it back and they look at your financial information carefully to make sure this is not the case.
Firstly, they take into consideration the salaries of everyone involved in buying the house, including any extra income you typically expect to receive during the course of a year.
It is slightly more complicated for people who are self-employed as you won’t have a regular wage, so you will need to provide proof of your salary. Most mortgage providers expect to see your accounts for two years in order to establish whether you will be able to afford the monthly repayments. They then use the net taxable income to work out whether you fit their home loan requirements.
Then, they look into your outgoings. This will include your debts, as well as your regular financial commitments such as bills. Financial services companies will search into your credit history to find out if you have outstanding loans, high credit card bills and overdrafts you haven’t paid off. All this information will give them a better idea of if you are a risk to lend money to.
Therefore, if you’re planning to buy a house in the near future, it is a good idea to make an effort to improve your credit rating. You can do this by clearing up debts and settling any deficits.
However, having no credit history is unlikely to help your case either as banks will not be able to see what risk you pose. So, you could take out a credit card and make sure you pay off the maximum amount owed on it every month in order for your credit file to have a high rating.
In order to get a better understanding of how your mortgage application will work, you should speak to a financial adviser, who can take you through the process from start to finish. As well as being able to give you a good indication of what you can expect your mortgage offer to be by working out your outgoings and credit rating, you will be able to ask all the questions you need to understand how the procedure works.
But first, if you want to get a better idea about how much you’ll be able to spend on a property and start the process of buying a house, then take a look at a mortgage calculator tool.
These will quickly inform you what can expect to be given before you enter into the finer details of home buying.
Most mortgage broker website these days have a page with a mortgage calculator, they are simple to use and can give you a rough idea of how much your monthly payments will be for both interest only and repayment mortgages.
Simply punch in the amount you wish to borrow or remortgage for, the interest rate required, and the term of the loan. Hit the calculate button and voila, monthly mortgage payments calculated for both interest only and repayment in the blink of an eye. With this information you can then fine tune the amounts and rates until you find something that fits into your payment profile.
These calculators are great to use if you are viewing property and have a blackberry as you will be able to calculate there and then if a property is affordable. Before the estate agent twists your arm in to putting in an offer for a property that you cannot afford.
The downside is that you may be entering a mortgage rate that is a) no longer available b) only available up to a certain loan to value c) not available to people with bad credit.
Before you go round recalculating every conceivable mortgage payment with your new toy, it is best to contact a mortgage advisor who will be able to let you know the types of deals available to you and what rate you can expect to get. With this information you will be surer that the figure that the calculator spews out will be available to you.
Right now the economy is very bed so a lot of people who wanted to buy a home have decided to wait to see what happens. Real estate is a tangible asset that has only gone up over the past years. There are slight dips like this one that worry people to the max but you have to trust that everyone always needs a home.
So if you have at least made the first step to finding out how much you can borrow then it is a step in the right direction. Find a mortgage calculator online to calculate different mortgage payments. Look at a few banks online as well to see what the current interest rates are. They will highly affect your mortgage payment.
I’m sure you have a little bit of an idea of the amount of money you can afford per month. So you need to write down all of your expenses and compare it to all of your monthly bills. The amount you come up with is about the amount you can afford per month.
The next thing is to turn that into a home amount that you understand a little better. You will need to add in the taxes to your mortgage payment and if there is a condo fee you will need to add that in as well. So the amount you can afford per month isn’t just the mortgage payment.
You should not try to spend every last penny you have each month either. You should leave a buffer to make sure you have ample spending money for the fun things in life.
Your buying power is very important to know. Every time you find a new home you can check the taxes and the monthly payment with a mortgage calculator to see if you can afford it. If you think you can then the bank will probably approve your mortgage. That is assuming your credit history passes the banks inspection process.