The federal housing administration also known as FHA offers financial instruments to people seeking for home loan mortgages that are insured by the Federal Housing Administration (FHA). The one thing to understand here is that the FHA itself does not lend you the money or mortgage you need to buy your home. However, borrowers get guaranteed insurance which they must pay as mortgage insurance premiums, It is this home insurance policy which protects the lender Read more…
Here is how your mortgage is calculated to see how much you can borrow for your first home: A 4.5 ratio of your annual earnings is calculated to offer you a viable minimum home loan after Affordability Assesment On How much You can borrow As A mortgage with a deposit. Your mortgage lender will look into what you spend as outgoings inside your living expenses and other consumer loans like bank overdrafts, credit cards, store Read more…
Best Tips On Mortgage Affordability Rule Of Thumb There has been a slight change in the way how mortgage lenders have got banks and other responsible home lenders borrow punters at 4.5 ratios to their annual earnings. Long before that, a mortgage lender would lend you money for buying your first home at a ratio of five times what you earn per year. Let’s say for a young professional who earns 50K per year if you Read more…
What To Look For When Buying A Used Car: Helpful Tips For Choosing The best Used Car For Your Family. Many people think of shopping around for better-used car deals as a boring and frustrating task. While it may not be a fun task to undertake, it is always best to know what you are buying yourself into and enjoy a long term of fun-filled driving experiences of your used car. Please understand that car Read more…
How do you build financial wealth? Are you wondering if there is a way on How you can learn better ways of building financial wealth? When I started my first blog, the main goal was to bring it to profit and earn good money from my blogging efforts and have a shot at building financial wealth. At that particular time, I had a handful of challenges in managing money. To that extent, I believe that apart Read more…
How To Save Money Every Month Budgeting Wondering how to save money every month budgeting with easy to use weekly or monthly strategies? Very few people today can testify to the fact that all their money management skills are a by-product of maths project on planning a home budget at school. In fact, plenty of college graduate, leave school with no how to save money every month at home when they graduate. And that leaves Read more…
Here’s Why You Must Claim This Geico Marriage Discount Geico marriage discount, is one of the perks for getting hitched. So is you have just got married, it’s time to upgrade that insurance policy so you can get Geico marriage discount. Auto insurance can be full of complex wording and complicated terminology. This can make it very confusing. Luckily, Geico marriage discount is pretty much straightforward to claim your upgraded status! Why Does Geico Marriage Discount Read more…
Is It Possible To Transfer No Claims Bonus To Spouse Transfer no claims bonus to spouse may sound like a far-fetched concept where car insurance is concerned, however driving without insurance is dangerous and illegal. So when there is an opportunity to transfer no claims bonus to spouse, it is fair to consider looking into which insurance providers can accommodate a request to transfer no claims bonus to spouse. Working through the thousands of insurance Read more…
No claims discount database is an asset for most developed countries like UK and USA to make sure that car insurance charges reflect the risk and fair pricing for most drivers who take their time to drive safely on the roads across Europe and America. In developing countries like Malawi, no claims discount database is a contentious subject that many insurance providers just do not want to talk about. None the less, buying the right insurance Read more…
Term Life Insurance For Married Couples Term life insurance for married couples may not be under your raider, but I want you to pay attention to what a different life can be for the family where term life insurance for married couples was in place before sudden loss of a spouse in a family. Term life insurance is not for everybody, however, when you get married and have kids along the way, things do change. Suddenly Read more…