10 Things You Ought to Know Before Getting Yourself a Mortgage

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Before you start to approach local banks and other financial institutions with the aim of obtaining a mortgage to buy a new home, there are a few facts that you need to know. Borrowing such a large sum of money without doing some research first is not a good idea as you will be entering into a binding contract that lasts for many years. With this in mind, below is a list of 10 things you really ought to know before you apply for your first mortgage, which should stand you in good stead when you get in touch with local lenders.

10 Things You Should Know Before Applying for a Home Loan

Make a note of the following ten points, or bookmark this page so that you can refer to it whenever you want.

1. Your Credit Score – Your credit score and history will dictate the rate of interest you are likely to be charged on a mortgage so the first thing you need it know is what kind of score you currently have.

2. Your Budget – What a bank or mortgage broker thinks you can afford and what you can really afford are often two completely different things. Go through your budget carefully to make sure you do not overextend yourself.

3. Your Partner – This may sound like an odd one but if you are getting a joint mortgage, you need to be absolutely sure that your partner is 100% reliable.

4. Your Building Company – If you are paying a Perth builder to create a beautiful new home for you, take the time to get to know how they work before you sign on the dotted line. If you click here, you can get a good idea of what reputable firms have to offer.

5. Possible Benefits – Depending on where you are in the country and the current regulations, there may well be certain government schemes for which you are eligible, which could help to defray the cost of your new home.

6. Your Location – The location of your new home will have a major influence on its future value so research this particular factor very thoroughly.

7. Your Future Plans – Given the long-term nature of mortgages and the fact it may take some time before you can sell your new home for a profit, you need to consider your future plans carefully.

8. Your Lender – Although it is tempting to make all the arrangements online, you should visit the bank from which you are going to borrow, to make sure you are happy with their terms and conditions.

9. The Fees – Virtually all Mortgage Providers charge application fees, and there may be other costs involved in dealing with them too. Make sure you are aware of them all up front.

10. The Real Value – Pay for an independent valuation of the house you wish to buy.

There are other things you should know but the list above will get you off to a great start when applying for home loans in Western Australia and elsewhere.

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Things to Consider as You Plan for Retirement

There are many Things to Consider as You Plan for Retirement
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Like getting an education, beginning a career and starting a family, retirement is an important stage of life and one that should be planned for in order to get the best results. It is always a good idea to get professional advice from an expert like Keith Springer, but there are some general things that you should keep in mind as you think ahead to retirement.

You Are Never Too Young to Start Planning

From the perspective of your twenties or thirties, it may be hard to imagine that there will ever be a time when you are not working – it can be difficult to think past 40, let alone to imagine yourself at 60 or beyond. Perspectives and circumstances change, of course, but you are never too young to imagine the kind of life you want to have in your senior years and to begin thinking about how to make it happen. Are you interested in early retirement? Do you want to live on a tropical island? Do you expect to have a family to take into account of in your planning? The best part about thinking seriously about retirement when you are young is that you will benefit from the incredible power of compound interest to maximize your wealth with relatively small investments.

You Are Never Too Old to Start Planning

Maybe you never quite got around to really thinking about retirement until it was looming on the horizon. Or, maybe you were thinking about it but didn´t feel like you had any extra financial resources to sock away for retirement – between career and family obligations the budget was stretched tight already. Chances are though, as you enter your 50s, the heavy expenses that come with raising a family are mostly behind you, and have probably come close to your highest earning years. Don’t give into the “it’s too late to start saving now” mindset. Yes, it is better to start earlier, but it is definitely better to start late than never. And, there is a certain advantage in starting later – the questions that were open-ended when you were young are now mostly answered and you have a clear focus that can motivate you to save in a purposeful way.

Inflation Makes Savings Not Worth Saving

It is true that some of the safest investments (bank accounts, some bonds or T-bills) may be hard-pressed to keep up with inflation. However, the younger you start to make these sorts of investments, the longer you can “lock in” your money and the higher the rates you can expect. Riskier investments have the potential to bring higher payouts, but of course, the older you are, the less likely you are to want to take risks with your savings. But a carefully selected and diverse portfolio can go some way towards minimizing risk while maximizing returns. And some investments are more resilient against inflation than others – real estate, for example, is generally seen as a way to hedge against inflation. The bottom line is that fears about inflation should not be reason that you don’t save.

No matter how old you are, the time is right to think seriously about the life you want to have in your retirement and to begin planning today.

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How to Make the Most of Vegas on a Budget

At some point, everyone has thought about going to Las Vegas. It comes in pretty high on most bucket lists, considered as a trip of a life time. The swanky casinos and luxury resorts may look like they cost an arm and a leg, but there are ways to visit the four mile trip in the desert on a budget. Whatever the price, you are still able to see the best attractions without spending a small fortune.


For $19.95 you can see Vegas meet Venice and ride on a gondola. You can choose whether you wish you to sail along the canal or lagoon at the Venetian. For you romantics, the gondolier will even serenade you with some alluring Italian music, or if you have a favorite, they even take requests.

You can further explore Europe in Vegas, yes it really is that marvelous, and take a ride up the Eiffel Tower. Whilst it may not compare to Paris, there are certainly some beautiful sights to behold. A glass elevator lifts you 460 feet above the strip allowing you to stare in awe at the stunning 360 degree view. And for just $14 during the day, or an extra $5 after 7:30pm, it’s certainly worth the money.

If you’re a thrill seeker then you should definitely try the Big Apple Roller Coaster New York. The ride travels at 67mph and boasts two inversions, featuring corkscrews with numerous twists and dives. Over one million people ride the rollercoaster each year, and as well as a rush of adrenaline, you will also get some fabulous views of the strip. For $14 why not kill two birds with one stone!?

If you’ve seen pictures of Vegas, or films featuring the strip, such as the Hangover, then you’ve definitely seen the Fountains of Bellagio. The Bellagio fountains aren’t just any normal foundations and put on their own wonderfully choreographed show. The 1,214 jets rocket streams of water up to 460 feet in the air, incredibly to the beat of whatever song is playing. And to see this spectacular show won’t cost you a penny.

You can also haggle on room rates, check what price they are online, and then ring the hotel directly to see if they can offer you a better deal. Furthermore, mention a different hotel chain and inform them that if they can’t lower their price, then you will in fact be staying at that different hotel. And you can bet your bottom dollar they’ll lower the price.

Essentially, you don’t even need to pack to visit Vegas, if you don’t have the budget, or can’t get the time off from work then visit from home. All you really need is a computer and an internet connection to visit the famous Royal Vegas Casino! After all, that’s main reason why people visit sin city. What you save on plane tickets you can spend in the casino!

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Why You Should Get a Line of Credit

Bad budgeting isn’t the only reason why someone might need financial aid. If you’re self-employed or rely on government assistance, then you’re all too susceptible to the vagaries of your monthly income. When unforeseen expenses come a long, you may find yourself underprepared and overwhelmed by your sudden financial obligations. When your savings account isn’t as padded as you’d like, a line of a credit can be a financially responsible way to cover your needs.


A line of credit can act as a safety net in your time of need. While they are not recommended to purchase something as large as a car or a home, they can help you with those small unavoidable items or services that your monthly income can’t cover. Typically larger than small dollar loans, they have a higher limit that allows you to pay for more expensive charges.

Its repayment is dependent on how much you use against the total. Interest is calculated according to the portion of the funds that you use rather than the total amount available. Only a minimum payment is required once you start to use your advance. This particular feature makes it an ideal alternative if you wish to keep your credit, untouched, until an emergency requires it, or if you plan on using it to pay off several smaller expenses over a longer period of time than a short-term loan can provide.

Regardless of how it functions, a line of credit must be reasonable for your current financial situation. There is no such thing as free money, so you will have to repay all of the funds that you’re given. It’s imperative to determine if you can reasonably repay your line of credit before you sign any contract. Before you even apply, learn about its fees, minimum payment schedules, and all related costs.

These will differ from state to state, as each local government is responsible for setting out the legal limitations of lines of credit. Speak to a loan expert at MoneyKey if you live in these three states: Kansas, Maryland, or Missouri. As a state licensed lender, they offer products in accordance with local laws. Check out the personal line of credit loan from MoneyKey to learn about their rates and terms. With this information in mind, you can decide if you can budget for its minimum payments.

As a flexible alternative to short-term loans, a personal line of credit could be exactly what you need to cover surprising and stressful expenses. Take the time to find out if it fits your financial situation. If you can afford to take on its minimum payments, it’s a practical solution to your money problems.

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Bachelor Tips: How to Furnish an Apartment

Furnish an Apartment

Got your first place? Just got out a long-term relationship? Whatever the reason is, you are a man living on his own now and you should have an apartment that reflects your sophistication and style. Here are some tips for bachelor’s on how to furnish an apartment.

Ditch the Dorm Room Decorations
Unless you want every guest you bring over to know you peaked at age 19, get rid of your frat-house tier accessories. I’m talking specifically about your Bob Marley poster, “keep calm” poster,  any beer related posters, or pretty much any poster. If you have a unique poster sized print you really cherish, spend a few bucks and get it framed. If it isn’t worth getting framed it isn’t worth putting on your wall. Also make sure you limit the amount of sports memorabilia in your house, a subtle pint glass or single banner are enough to show your love for your favorite team. Some people may like cereal but you don’t see their rooms covered captain crunch jerseys. Most importantly, ditch the empty booze bottles, there is no need to show guests how many bottles of Fireball or tequila you have consumed, in fact as an adult you should be concealing your booze bottles not showing them off as trophies.

Invest in the Essentials
If you are on a budget, that is okay, embrace minimalism.  Instead of buying one of everything from Ikea, invest in quality essentials. For example a quality classic leather sofa that will last is a must. Also a nice table and chairs, it doesn’t have to break the bank but a nice dining room set can last a lifetime and will be the center of countless memories. Once you have a dining room set, a couch, the only thing remaining is a bed; again this is an item that is worth spending a bit extra on. Now you are set, you can eat, relax, and sleep in comfort and style. Once you have these you can pick up secondary items at your discretion, when you see the perfect piece for your apartment and you have the budget, pick it up. There is no rush.

Furnish an Apartment

You’re unique and your apartment should reflect this. While department store serve a useful purpose and place, you don’t want your place to look like it was put together over night. You want an authentic and personal style. Make sure you include furniture and artwork that is one of a kind. Look for something at an antique market, an art’s fair, the thrift store. Not only is this a great way to save money, it is also crucial in making your place feel like home and a great conversation starter.

I hope this tips on how to furnish an apartment will help you make your bachelor’s pad reflect success and not the stereotypical messy studio. If you plan right you can have a unique, stylish, modern apartment  on just about any budget.

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