Cosigners and guarantors beware of helping your friends, family, employees or anyone your know in this manner. Here’s why it’s good for them and simply bad for you because if they default it’s your fault to anyone who they owe money to, sad but true.
The advice for cosigning a loan is Don’t do it, and if you do, understand the consequences if something goes wrong.
But what if you ignore the advice and cosign, and the loan goes south for reasons beyond your control?
Although there is no database that tracks cosigned loans, anecdotal evidence and some data suggest cosigning is common – and it isn’t always parents cosigning for children. In 2010, LeaseTrader.com, a national car leasing marketplace, reported a 29 percent increase over the previous two years in the number of parents asking their kids to cosign a car loan for them. (more…)
Why online payments versus the checkbook? In a world where you can buy almost everything online, rent or maintenance fees are one of the few monthly costs that still require a paper check. But what are the benefits to the residents, owners and managers of these properties to offer electronic payments?
The Benefit to Residents
Electronic rent payments can present a laundry list of benefits to tenants. Aside from removing the hassle of writing checks every month, tenants can save both time and money by making their rent payments online. Setting up automatic recurring payments has made it easy to make on-time payments each month and avoid any pesky late fees. (more…)
Homebuyers always want to shop for homes their way and not anyone else’s. They forget making the wrong move in house hunting can end up costing them losing the home they want or paying more than they should have. Smart homebuyers work with a season real estate agent for will direct them on a path of least resistance ending in success. Here are nine key areas you should give consideration to as a homebuyer in any market.
1. Not checking your credit
The first thing lenders will do is check your credit, so it’s dumb not to know what’s in there before they look at it. Order your credit reports six months to a year before you apply for a mortgage, getting free copies through AnnualCreditReport.com. (more…)
The best way to find rental properties todays are using a real estate agent. Shopping for rentals property there is more than meets the eye. Many renters scour listings running around seeking that one that meets all their requirements. In the land of technology it’s not about what you see but what you don’t see anymore that will bring you the best results. It becoming frequent where listing renters’ call and property has been leased and this can be frustrating. Certain markets this trend is more prevalent than others, so what is a renter to do? Simple you need to contact your local real estate agent! It’s always best if you find one that focuses on the neighborhood you are looking to move into since, more often than not, landlords have their availabilities on a open listing list that several real estate agents and brokerage firms get and have access to that you (more…)
Living within your means. We live in a world where things are always changing and it require you do the same, especially with your money. Easier said then done since it requires we evaluate how we are living. For example, you should set time up annually to review your telephone bill, electric bill, cable and all other household living expenses to see how you can cut cost. Sometimes it’s a simple as calling the company to see if they have a better plan than the one you are currently in. More often then not if you show yourself friendly you will come off the call with a five to ten dollar savings. At times you need to review what the competition has to offer and see if it’s better than what you have now and be willing to switch or mention that you want to switch and your current company will match the deal. If you say you can’t find the time, how about the day your home due to bad weather or it’s a quite day right in holiday season or the day an appointment got cancelled. There’s always time to make a better life for yourself, you simply have to be proactive about it. (more…)
Front lawn dirty secrets are not something homebuyers think about when purchasing a property. Homebuyers are naturally curious about the house they want to buy but there’s one area — under the front lawn — that rarely draws attention until after the deal closes. Then, whatever’s buried beneath that innocent-seeming expanse of grass can become a major headache to the new homeowner.
What’s under the lawn varies from house to house, but following are the typical components. (more…)
What homeowners need to know about zombie titles is when they receive a notice of foreclosure from their bank, it’s time to move out. Why, sometimes banks unexpectedly dismiss the foreclosure, and the home’s title remains in the name of the owner who thought he or she had lost the property.
Homeowners who aren’t aware of this practice can find themselves the holders of so-called “zombie titles.” A regular title becomes a zombie title when a homeowner finds himself or herself being mindlessly pursued by mortgage servicers, local governments and debt collectors for bills related to a home she thought she no longer owned. If you’re facing foreclosure, here’s what you need to know to avoid this problem. (more…)
The steps to replace or get your social security card has become easier. Having proper ID is vital to acquiring housing. Many people feel they are forego this information but may landlord will not process you application with out it. Due to technology acquire your social security card is not way why waste time in delaying replacing it or acquiring it for the first time. Here’s how …
Apply in Person - You can get your Social Security card from a Social Security Administration (SSA) office if you can prove your identity, and prove that you are a United State citizen or show valid immigration documentation.
Are you a non-citizen? Learn more
What to Bring - Before you go to the SSA office make sure you have one of these original, unexpired IDs with your picture.
Your birth certificate is easy to replace and a important document you will need throughout your lifetime. Due to Sandy many may have lost this vital document, waste no time in replacing this crucial document you need in your life. No matter where you were born this vital document will be easy for you to replace here’s how …
A birth certificate can be replace by going online or applying in person. Here’s how, if you were born in the United States or overseas ordering a new birth certificate online is easiest and will take 10 minutes or less. Simply go to VitalCheck website click on birth certificate and follow instructions. (more…)
Parking for less in New York City can be challenging if you don’t know what to do. Most New Yorkers will immediately tell you it’s not worth having a car in New York City due to cost but those of us who have cars will beg to differ. I believe the best way to own a park in New York is by having a parking space because that is where the real expense of car ownership takes it toll living in New York.
Since the city realizes this they’ve been good to the New York residence who want to exercise their rights to owning and parking their cars in a parking garage. Let’s face it tax for parking in a parking garage is a whooping 18.375% whether you are there thirty minutes for a whole day much less a month. Taking hold of Manhattan Resident Parking Tax Exemption will bring the tax down to 10.375%! Trust me it’s worth completely the application if you qualify for the exemption. (more…)