Selling off your property without a realtor is a tough deal. However, if you follow the right steps, then things can be easier for you and you may not have to pay any fees/commission to the realtor. You can arrange everything on your own. Take a look at the 6 steps which will help you in selling off your property:
The recent economic crisis has made one thing very clear to us - cash reserves are very important. If you're financially fragile, you will further fall into debt. So it's better to follow some easy tips and boost your cash reserves.
Here are 4 ways in which you can boost your cash reserves:
Your credit report has everything listed in it, isn't it? At times, we feel as if the credit report is spying on our personal lives. The credit report lists most of our personal information which includes our name, address, social security number, birth date, etc. But you don't have to be disheartened - there are certain facts which are not disclosed in the credit report. Thus, you can keep them a secret.
The recent debt ceiling deal is also known as the "Budget Control Act of 2011". However, all the spending cuts that have been suggested in the deal are unspecified at this point of time. Nevertheless, the financial experts have noted that some people have gained from this debt ceiling deal whereas others have lost ground due to this deal.
In the recent times, it has been found that the utility bills have increased in leaps and bounds. Meanwhile, the green movement has also gained ground and is stressing on the importance of energy conservation. Thus, homeowners are now getting plenty of incentives to save their hard earned dollars on their utility bills.
The government's new credit score disclosure rule is a good news for the loan applicants!! This new disclosure will now mean that more consumers will get a free peek at their credit scores starting from July 21, 2011. It is expected that the individual creditors may do more than that and provide a credit score disclosure to every applicant.
In the last few weeks, one thing has been a constant subject of discussion - Debt Ceiling. You may have though that you won't be affected by debt ceiling but you're wrong. Most of the people in this world will be affected due to this debt ceiling. Due to this debt ceiling, iIt may happen that the government will have to helplessly stand by and watch the economic problems rise.
The size of mortgages which are eligible for government backing is set to decline in October, 2011. The industry experts fear that this may negatively affect the mortgage market and lower the property prices even further.
The Emergency Homeowners' Loan Program (EHLP) is intended to offer a zero interest, forgivable bridge loan to homeowners who are experiencing a drop in income of at least 15% directly. This drop in income may result from involuntary unemployment or underemployment due to adverse economic conditions and/or any medical emergency.
Here are list of eligibility criteria which the homeowners’ need to meet in order to qualify for EHLP:
Managing credit is an important issue for all of us. However, it is comparatively easier for empty nesters or retirees to manage their credit. This is because most of their debts have been paid off. However, it is advised that retirees should manage their credit or else they may be in a difficult situation if they wish to take a out a loan or a mortgage later on.
