Compare Home Loans for Great Honeymoon Rates

While it’s most important for homebuyers to think about every aspect of their loan options, it also makes sense to compare home loans so you can take advantage of great honeymoon rates. Having a few years of fixed interest rates could help you save money for future repayments.

Comparing Honeymoon Rates

Many lenders use honeymoon rates to attract new clients. These fixed rates can last from one year to ten years. In most cases, you get the lowest honeymoon rate when you choose a small introductory period. One year will usually give you a considerably lower rate than ten years.

It’s important to compare these honeymoon rates to make sure you save as much money as possible. Interest rates can differ considerably from lender to lender. Ask the home loan companies to give you comprehensive lists of their honeymoon rates. That way, you can compare them side by side.

 Consider How Interest Rates Might Change

Having a low introductory rate can help you save money, but when you compare home loans you also need to think about how your rate will change after the honeymoon period. In some cases, you might find that higher interest rates offset the savings that you might get from the honeymoon rate. In other cases, though, you might find that you still get a good deal even after the introductory period ends.

If you expect your financial situation to change dramatically over the next five to ten years, then you could benefit from low honeymoon rates even when you know the rate will increase considerably in a few years. Honeymoon rates can make your home more affordable for one or more years while you save money and earn a higher income. When your income increases, you can afford the higher interest rate.

Before you can decide this, though, you have to compare all aspects of the loan and take an honest look at your finances.

 

This post was submitted by Tomorrow Finance – An Australian Mortgage Comparison Website.

Off to catch the last bit of autumn sun? Make sure your home is covered while you’re away with home insurance

The autumn months are a great time to get away for that last blast of summer sun. Southern France, Italy and Spain are still enjoying the warmer rays – making them an ideal destination for a holiday. But while you’re topping up your tan, you don’t want to be worrying about your home. So before you head off, make sure you check that you have a home insurance policy in place

Knowing you’re covered by a home insurance policy you can rely on will help to give you peace of mind. If you don’t have a policy in place yet, you can look online to find contents insurance quotes  to suit you and your home.

Of course, there are plenty of other things you can do to help keep your home safer. Here are five things to consider before you jet off:

Tip 1: Lock away any valuable possessions

If you have any treasured or valuable jewelry or watches, or small electrical items such as a laptop or iPad, it’s a good idea to keep them locked away if you’re not taking them with you. You can pick up a good quality home safe from any of the bigger home improvement stores. Home safes can help protect your valuables from burglars – and many are fireproof too. 

Tip 2: Fit an alarm

You can buy alarm systems specifically designed to deter potential thieves – these can range from a simple alarm bell that goes off if there is an intrusion, to more sophisticated ones that will automatically ring chosen friends and family to alert them of the alarm.

Tip 3: Consider installing a camera

The sight of CCTV on the side of your house, overlooking your front door, back door and garden, could be just the thing to put off thieves. And if you do become the victim of crime, the video footage could potentially be used as evidence to show the police.

Tip 4: Fit security lights

Motion sensor lights fitted to the outside of your home can also be a good way to deter a burglar. Install them around the doorways of your home, your driveway and any outbuildings, such as a shed or garage.

Tip 5: Check all windows and doors are locked It may sound obvious, but as you’re leaving, check all windows and doors are fully locked. Many robberies occur because a thief spots an easy way to break in. Windows left on the latch – and even something to give them a good leg up, such as a water butt or dustbin – can be very enticing to would-be opportunists.   

Taking precautionary steps like these could really help to make your home and contents that little bit more secure while you’re away. And if you make sure that you have a quality contents and buildings insurance in place, you’ll get that extra peace of mind.

Post by Leanne

Where to Find Cash to Give to Charity

You might like to donate money to your church or favorite charity, but if are living on a tight budget or are working hard to pay down debt, finding extra money to donate can be difficult.  However, with some creative thinking, you can find ways to donate to your favorite charity and still meet your other financial goals.  My favorite way to do this is to use Swagbucks.

What Is Swagbucks?

Swagbucks is an Internet search engine that works much the same as Yahoo or Google.  Simply search the web as you normally would, but occasionally you will get rewarded with Swagbucks.  These can range from just a few to 80 or more.  Let them accrue until you want to cash them out.

How To Sign Up

Signing up for Swagbucks is simple.  Just enter your e-mail address and create a password or use Facebook to sign in.  If you have a bonus code, use that.  (Right now, if you use the code FINCON2012 you can get 80 free bonus Swagbucks just for signing up.)

How Can Swagbucks Help You Donate to Charity?

You can choose to cash out your Swagbucks for a PayPal deposit, and then use the money to donate to your favorite charity.  For a $25 PayPal deposit, 3,125 Swagbucks are needed.  If you search the Internet a few times a day, you could get the $25 Pay Pal deposit in 3 to 6 months.  Yes, it takes time, but you are doing what you would do normally in your day anyway, searching the Internet, with no extra work involved.

Another alternative is to redeem for an Amazon gift card.  A $25 Amazon gift card is 3,150 Swagbucks.  I have done that before and then used the card to buy something to donate to a family at Christmas.

If you don’t have many Swagbucks yet, you can still use them for a good cause by donating your Swagbucks to Swagbucks’ donation drive for the month.  For the month of September, Swagbucks is raising money to donate to the Humane Society.  Every Swagbuck you offer for donation is worth .01, so if you donate 1,000 Swagbucks, you are making a $10 cash donation.

Trying to be financially responsible and donating to charity can be tough if you are on a tight budget or paying down debt.  Luckily, Swagbucks makes it just a bit easier.

Thank you Same Day Loans for Your Interest in the Post

Insuring Your Valuables

Many of us have things that mean a lot to us in our homes – and much of the time, those things are expensive. Appraised antiques, precious metals, or china or crystal dishes can be highly valuable. Unfortunately many people don’t realize the need to separately schedule insurance on these valuables, assuming they will be covered in full in case of a fire or theft by a basic homeowner’s policy.

Your Basic Homeowner’s Insurance

With basic homeowner’s insurance, the items in your home are protected against a variety of perils, including fire and theft. They are not protected against flood – a separate flood policy is needed if you live in a zone where that may occur.

Although it varies by state, in general your personal property is covered at 50% of the coverage level of your home. So, if you insure your house at $100,000, your property would have a maximum of $50,000 in total of coverage. In addition, certain assets such as cash, jewelry, art, and other valuables have much lower limits of coverage – such as $200 for cash, or $1500 for jewelry. You’ll want to read the ‘contents and additional coverage’ section of your policy contract for details.

Even if an item doesn’t fall under a limit, coverage may be paid at an ‘actual cash value’ determination – that is, the price minus any depreciation. This can leave you scrambling, so make sure that your policy is listed for replacement value.

Given these lower limits of coverage, how do you make sure your valuables are protected? Many times, the answer is to schedule specific coverage into your homeowner’s policy.

Scheduled Homeowner’s Coverage

 Scheduled coverage is a way of adding a specific item to your homeowner’s policy with a set coverage for that item. For instance, you can specifically insure your grandmother’s fur coat at its appraised value, rather than dealing with the policy limit on furs. This has the benefit of giving you a set value, with no depreciation. In addition, this type of coverage is often very inexpensive.

Antiques should also be scheduled separately, since many home insurance policies won’t pay replacement value on them. As mentioned above, an ‘actual cash value’ determination will generally be below the cost to replace an item, and this is especially true with antiques. Don’t take the risk – have your valuable antiques appraised and scheduled with their own coverage on your policy.

 

Scheduled coverage generally requires a written appraisal from a reliable source, and should be revisited every two to three years to make sure the value of the item hasn’t changed substantially.

Protecting your valuables is an important part of insurance, and it’s essential to understand the type of coverage needed. Read your homeowner’s contract carefully, and if any of your valuables are not covered well enough be sure to add an inexpensive rider to schedule coverage for them. No one wants anything to happen to their valuables, but if it does, be sure you have plenty of coverage through your insurance.

Garfield Refining is a Philadelphia based precious metal refinery offering nation-wide service. This 120 year old refinery buys and refines gold, silver, platinum, and palladium and services both B2B and B2C markets. For live gold prices check out @GarfieldGold on twitter.

Talk to Your Child about Students Loans and Smart College Plans

More and more, we are hearing about students who are buried under a mountain of student loan debt. Some default and suffer severe consequences. Others manage to pay back the loans, but the minimum payments are so high, they have to move back in with their parents and don’t pay off the loans for 20 or even 30 years. Meanwhile, their lives are on hold.

Instead, take the time to talk with your child about student loans. Many students who have such a high debt load chose to go to expensive private or out-of-state colleges.  Examine the many choices that are available. Can your child go to a community college first?  Can he or she get a good education at a local university? Using both of these strategies will cut your child’s student loan debt immensely.

Remind your student of life stages she may miss out on or have to delay if she has a five or six figure student loan debt:

  1. Home ownership.  Many people buy a home once they graduate from college, if they are not burdened with student loan debt.  Home ownership has many advantages—you have your own space, you can take advantage of significant tax deductions, and you are not “throwing your money away” as some say you are if you rent for a long period of time. In the current economic climate, interest rates are so low that a home loan is even more affordable. However, if your child has student loans with expensive monthly payments, he can’t take advantage of the power of home ownership.
  2. Getting married. The median marriage age for women is 25 and 27 for men.  However, young professionals who are deep in debt often push back this time frame until their 30s. If both your child and her partner have debt, they could be in an even more difficult financial situation. Many delay marriage until they have reduced their student loan debt considerably.
  3. Having children. Just as these students delay getting married, they also delay having children. Having children is expensive, and when the majority of your money is going for student loan repayment, thinking about the tenants of “adulthood” such as home ownership, marriage and children, can seem out of reach.
  4. Retirement savings. Many college graduates initially neglect their retirement savings so they can apply more money to their student loan debt.  However, they then miss out on the power of compound interest that can make their retirement savings stretch further. Instead, they wait to invest until their mid to late thirties, when they will have to invest more for the same retirement they could have had if they had started investing in their twenties with less money.

Often students don’t realize the consequences of deciding which college to attend. Take the time to explain to your child how much student loan debt can burden their future and their ability to buy a home, get married, have children and save for retirement.