Buying a home is probably the most expensive investment you will make in your life, so how you pay for it is a monumental decision. There are so many products available to home buyers, you really have to do your homework before deciding on one mortgage.
Make sure you get a contract written up or else your seller may sell the trailer out from under you, and you can’t prove you were more than a renter. It happens.
Why go to a reverse mortgage lender and not a bank? We asked people who have been to their reverse mortgage lenders, and these are the reasons they gave.
You do not need to pay back the loan UNLESS you decide to sell your house, change address, or – inconveniently for you and your reverse mortgage lender – die.
Brush up on the latest bankruptcy regulations before you decide whether or not to file. Laws are subject to change, and it’s important that you’re educating yourself about current code only. A qualified bankruptcy attorney is the best source for the latest information regarding the laws in your state.
This may seem like a no-brainer but….don’t default! I’ve run into more than one person who basically admitted to ignoring their school offershaze, with one intellectual luminary actually telling me that she “thought they would just go away”. No, they are there and will be treated like any other loan. If you default, it goes on your credit history and score, which could affect your ability to purchase homes or cars in the future.
Make sure your bills are always paid by their due date and don’t simply pay the minimum amount if you want to keep bankruptcy at bay. Normally, most people only pay the minimums in an effort to stay comfortable. The downside is that this is a faster track to deeper debt.
So in summary before you go to these car auctions first you should check up on the car you want to buy. Make sure its listed. Then check the blue book value. Second check the private car sale value. See whos selling at what prices. Then youll know what you should bid for when your at the auctions. Good luck and I hope you find a hot deal!