Buy A Essay

Essay On Buying Home
Buying A Home Of Your Own, On Your Own: Real Estate For Solo Shoppers
There are many reasons you could be on your own now, from divorce to kids moving out on their
own to losing a spouse or simply never having married. Whatever the reason, when it comes to
buying a home for just yourself, as Shakespeare put it, "The world is your oyster!" Here are a few
helpful ways in which you can find the home you belong in and that will feel like it was made just
for you.
Find A Realtor To Work With
Even if you're the independent type, who'd prefer to quietly scan the neighborhood for homes with
sale signs in the front yard, there's so much a realtor can do for you that it's definitely in your best
interest to find one. They have the experience,...show more content...
Take The Time To Really Look
Finding a place you really feel at home in may take some time, but rather than rushing into something
you won't be fully satisfied with, spending quality time on your search should yield promising
results. Work with your realtor during off business hours, ifneed be, so you can devote the time you
need to finding just the right home for yourself.
Consider The Benefits Of Buying A "Tiny" Home
Despite not having a sprawling living room or dining room suited for entertaining the masses, tiny
homes can really work for some people. Especially if your ecologically or economically motivated,
there are many advantages:
Built–in options, from fancy drawers and bookshelves to fold–down desks and even beds.
Down–sized appliances, to save space and money. Raised areas, for a near second floor look and
feel. Efficiently compact kitchen, laundry and bathroom areas. Easy to clean and maintain.
Economical to re–decorate, if you stick to new curtains, pillows and other small elements. A much
smaller carbon footprint than with a larger structure. You can de–clutter your life, finally!
Be Aware Of Potential Drawbacks With Small Or Customized Homes
Investing in a smaller home may be the most suitable option for you, personally; however, if you ever
want to put the dwelling on the market, you're probably looking at a limited audience of buyers,
perhaps more so

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Persuasive Speech On Buying A House
I.Attention Getter: Should I buy a home or just keep renting? This is the most important question
prospective home owners consider before buying a house because owning a home isn't for everyone.
II.Motivation for Listening: In most instances buying a home is a dream come true but for in other
cases it's the total opposite. Buying a house is a major decision, so careful consideration should be
given before making this decision. It's important to know what are your options.
III.Establish Credibility: According to US News, the great American dream of owning a home
appears poised for a comeback. Real estate company Trulia reports that in many parts of the country,
rents are rising while housing prices are falling, making buying a home more affordable. Trulia found
that in 98 out of 100 major metropolitan areas, including Detroit, Atlanta, and Cleveland, buying has
become more affordable than renting." I think the mortgage catastrophe of 2001 left prospective
home buyers afraid of buying a house without being extremely certain that is the right decision.
IV.Thesis Statement: Buying a home has many advantages and disadvantages but for many people
the good overpowers the bad.
V.Preview of Speech: I will discuss some of the advantages and disadvantages of buying a house.
Transition: Most people are so happy when buying their first home
Body:
I.Establish the Problem
a)Analysis: But sometimes buying a house isn't the best choice. It's a long–term commitment that
requires the homeowner to have a stable and secure job. If you default on your mortgage, for
example being late on your payments or even missing payments the mortgage lender can take your
home away. Then the lender can sell your home resulting as a foreclosure. Foreclosure also affects
your credit making it harder or almost impossible to purchase a house in the future.
b)Analysis: There are also maintenance and repair costs that must be done in other to maintain
your home. Some people do not buy houses because of this responsibility. They prefer to rent or
live in condos where an association is responsible for the hassles. The problem is association fees
are not fixed and frequently increase costing you a lot more than you bargained for.
II.

How to Buy a House
How to Buy a House
Owning a home has always been a fundamental tenet of the American Dream. It symbolizes
opportunity, security, and freedom. Today, the American Dream has come true for many, but there
still is a significant portion of the American population who could use some guidance in pursuing
their dream of home ownership. Many people dream of owning their own home, but it mandates
homework, legwork, and considerable effort on their part to ensure that the process goes as
smoothly as possible. This task can, at times, seem complicated and overwhelming. But if things are
taken step–by–step, you will soon be holding the keys to your own home! Being a mortgage
consultant for over seven years, I have been helping families to...show more content...
Once I have processed your file, I will give you a copy of your pre–approval letter. This is a very
important letter because this certifies that you are approved with a bank (with conditions) for a
certain mortgage amount and a certain purchase price for the house. If this will be your first
home, I will also provide you with a free first time home buyer's seminar (which I strongly
recommend that you attend). Only proceed (after this step) if buying a home makes more financial
sense for you and your family than renting. Now it's time for you and your family to discuss where
you would most like to live, based upon the amount for which you were approved by the bank (a real
estate agent can be a great asset in this process). My suggestion would be to sign up for MLS
(Multiple Listing Service) alert services to search for properties in your area so that you can get a
feeling for what is on the market and within your price range. The next step would be to find a
good real estate agent to represent you in the search and negotiation process. The real estate agent
should be amiable, open, interested, relaxed, confident, and of course, qualified. Learn the agent's
rates, methods, experience, and training. You can also ask your loan consultant for a referral, as
they have most likely worked with several realtors and would be able to give you a

What First Time Home Buyers Should Know Essay
Buying a first home is very important and should be rewarding in the end. There are steps you
should take to ensure your buying experience goes as smooth as possible. You should be an
educated consumer, choose a reliable realtor, plan a well developed financial plan, and establish
credit. These steps and many more will help pick the almost perfect first home. When planning to
buy your first home, don't jump to open houses or appointments with sellers. You want to be an
educated consumer and clear your head of common assumptions about real estate. A clear mind will
help you make better decisions. There are only a few requirements to buying a first home. Those
requirements are that you have a work permit and a down payment. Also, talking...show more
content...
Financial plans are known to reduce problems because you are aware of all expenses you are
paying and need to eventually pay. An establishedcredit history is important in the buying process.
You should always maintain a good credit history whether you are purchasing a small item or very
large item. Sellers want to know that you are a good credit risk and that they can trust you will pay
them their money. Having a good credit history means a good credit score. When you have a good
credit score, mortgage lenders will offer you more options for paying. You also want to understand
additional costs that go along with the cost of the house. Those may consist of mortgage
pre–approvals, down payments, mortgage options, and closing costs. Having a good credit score
and history will make paying these costs much easier.
Other important things you should think about when buying a home are what you need versus
what you want, pros and cons of houses, making offers, and inspections. There are many more,
but these are general things you should think about. Buying a home isn't easy, but it shouldn't be
hard. If your first home is going to be you dream home, you want to make sure you get everything
you want. If it is only going to be a starter home, you want the basic needs of a house that will suit
your lifestyle. Also, when you are looking at houses, you want to know why the house is being sold
and if there is anything wrong with pipes or lead or

Purpose of Buying a Laptop
1. INTRODUCTION In this modern world context, we have become dependant towards
technology. The greatest invention of all time, computers, has become so important in our daily
life that it is inseparable for us. We are also living in a fast paced environment where networking
plays an important role as well. (1) As time goes by, comes newer and better technology. From the
simple home PC to portable laptops to small, hardcore gadgets such as Palmtop computers and the
iPad. Hence the need for reliability, portable and also high capacity computers. A laptop, in this
case, is the most suitable option that fits the mentioned criteria. 2. MAIN PURPOSE OF BUYING
A LAPTOP 2.1. Portability (Between a laptop over a desktop) The main reason on...show more
content...
BIBLIOGRAPHY http://www.direct–laptops–guide.com/40–reasons–to–buy–a–laptop.html http:/
/pctechnotes.com/3–reasons–why–you–should–choose–laptop–over–desktop/3 http:/
/ezinearticles.com/?If–You–Want–Flexibility–And–Portability–Consider–A–Laptop&id=254540
http://technology–mobile–computing.chailit.com
/three–reasons–why–you–should–buy–a–new–laptop.html http:/
/battery–notebook.co.uk.over–blog.com/
article–why–we–buy–a–laptop–notebook–as–replacement–for–the–desktop–pc–70485920.html http:
//www.helium.com/items/1496683–reasons–to–buy–a–laptop–versus–a–desktop http://kb.wisc.edu
/showroom/page.php?id=3044

Did Jim And Laura Buy A Car?
Did Jim and Laura Buy a Car? Contracts can be defined through promises between parties that are
enforceable through law. We know that both parties agreed verbally, an oral agreement was made to
hold the car for one day with a hundred–dollar deposit and Stan agreed to the terms that the deposit
was refundable. Contracts can be in in two form which are written or oral. Based on the elements
of contracts, many fundamentals factors are considered mandatory to form a contract that is
binding on parties and are primarily outlined through the following: Offer An offer is classified
through the notion and understanding the willingness of both parties to enter into a bargain or
proposal to a contract. The person who makes an offer is the offeror. The person to whom he makes
that offer is the offeree. The terms are annoying but inescapable because, like handcuffs, all courts
use them. Stan who is the salesperson on the car lot allowed the buyers Jim and Laura to test–drive
the car, after test driving the blue four door sedan the couple gave Stan a 100–dollar deposit to hold
the car for one day without signing any paperwork. Acceptance The offer had been agreed upon
from both parties is important. The acceptance of an offer cannot alter the terms of the specified in
the offer. "An offeree accepts by saying or doing something that a reasonable person would
understand to mean that he definitely wants to take the offer." (Beatty, 2016) Once the buyers or
offeree came to an

Persuasive Essay On Buying A Car
Make car shopping much less Painful With those pointers And suggestions
absolutely everyone wants the excellent deal while it comes to buying a automobile. Many human
beings are unaware of what is required of them if they're going to get that activity accomplished. a
few human beings even think they got the pleasant deal once they certainly are incorrect. do not
forget the following helpful advice while gaining knowledge of greater approximately finding the
pleasant offers.
in no way purchase a automobile to your first buy to the showroom. every vehicle dealer will try to
get you to stroll out with a brand new set of keys in hand. at the same time as this could be tempting,
understand that that is a large purchase. Take some time purchasing round and ensure that the deal
you're being presented is clearly the nice one for you.
while looking for a brand new car, recollect all your options. there are many used cars which have
extremely low miles and rock bottom charges. those to look for are the ones which have been
leased and back. those vehicles were serviced at the dealership and commonly have lots of factory
assurance safety left.
if you have been thinking about a brand new vehicle buy, your first step must be purchasing for a
car loan. that is just for your very own safety. Dealerships usually permit you to get a charge that's
better than your non–public financial institution, however you need to usually know ahead the
interest fee that you are willing to

Essay On Buying A Computer
When looking to purchase a new computer I factor in the features that come with the device as
well as making sure it will complete the tasks I will be using it for. Normally, I would look at a
building or buying a desktop computer due to the endless amounts of power, but since I am in
school I prefer the portability aspect over being able to run anything and everything. The basic
specifications I need are a 3.6Ghz capable processor, 12 to 16gb of DDR4 RAM, a solid–state
drive(SSD) and hard disk drive(HDD) combo for minimal boot up times and an 4–8gb graphics card.
A few other requirements would be a minimum of four USB ports including a3.0 and 3.1 type–c
USB port for fast data transfer. Lastly, it should include Bluetooth, Wi–Fi and LAN...show more
content...
The tablet comes with Androids latest OS 7.0 (Nougat), with built in Bluetooth 4.2 and dual band
2.4Ghz and 5.0Ghz WiFi capability along with one USB–C port and one 3.5mm headphone jack.
This tablet would just cover the essentials for me and do it flawlessly.
Normally, when faced with choosing a desktop computer ill build one to suit exactly what I need it
to do, trim the fat per say, in an effort to save money. That is until I came across this beast while
scouring Newegg.com, built by ASUS it is the GD30CI–DB71–GTX1080TI. With an assortment of
different configurations available to be shipped, it almost gives it an individualized touch, the
configuration I chose came with a price tag of $2,099.99 monitor not included. Although, it does
include a 3.6Ghz intel i7–7700 64–bit quad core processor capable of being overclocked to 4.2Ghz,
a 1TBB HD and 256GB SSD combo, along with a 11GB NVIDIA GDDR5x GTX 1080Ti graphics
card, essentially this was built with the idea of 4k gaming becoming relevant soon. Also included is
16GB of RAM allowing up to 64GB of RAM due to 3 additional memory slots as well as offering
built in WiFi/Lan and Bluetooth connections and seven USB ports; two USB 2.0, four USB 3.1 and
one 3.1 USB type–c and instead of a 3.5mm headphone jack, this has six ports to connect an audio
system, one mic port, subwoofer port, center port, rear port and two side ports allowing for
immersive gaming sessions

Buying A Home Essay
Buying a home is a huge responsibility and must take a lot of careful consideration. Once the hard
work is out of the way, the buyer finally gets the home they have been wanting. Getting a mortgage
is necessary when it comes to buying a house, because they are very expensive. Applying for a
mortgage means the buyer is agreeing to pay back the debt in full, with interest. Before applying, the
buyer needs to know if they are capable of paying back a mortgage. The article "Opening the Door
to a Home of Your Own," from the Fannie Mae Foundation helps a person decide whether or not
they are ready to own a home. The buyer must insure themselves and the lender that they are ready to
buy a home. To do this, there are many things to take into consideration....show more content...
The Fannie Mae Foundation explains that the buyer must have at least a portion of money set aside
for these payments. If they cannot show proof to the lender that they have this money, they have less
of a chance of getting a mortgage approved. Also, a lender will look at a buyer's income and what
they are doing with the money. The Fannie Mae Foundation exclaims that the buyer's monthly
housing costs and other long term debt should not add up to be more than thirty–six percent of their
total gross income. Now, the buyer should have an idea of whether they are ready to buy a home
or not. If the buyer has decided that they are ready to purchase a home, they need a copy of their
credit report. The Fannie Mae Foundation says this is the time to talk to a mortgage lender. To
find a house, they can talk to a real estate agent. The process of finding a house, applying,
evaluating, and getting a mortgage approved will take some time. If the buyer decides that they are
not ready to own a home, the Fannie Mae Foundation suggests that they should work with a
consumer credit consulter. This process may take a little longer, but it is still possible for them to
buy a

Essay On Buying Land
5 Tips for Buying Land and Building a New Home
Many people desire to own an attractive home. A house is a vital asset that appreciates every year
if you maintain it properly. However, owning a home can be an overwhelming experience,
especially for the people who have never bought land or a house before. The article below provides
essential tips for buying land and building a new home.
Location
Location is the most important consideration when purchasing land. Buyers should observe due
diligence when buying a piece of land. It is advisable to take time to ask all the right questions
before making any commitments. The neighborhood you choose needs to be convenient and safe.
Additionally, you should consider crime rates, especially if the...show more content...
Restricted covenants are used to rule out specific designs and dictate the kind of roof and color used
when constructing a home. Therefore, you should research properly and weigh out restrictions
before buying a plot for building a house.
Zoning and Utilities
When looking for land, you should talk to your real estate agent and the local zoning board to know
what factors you need to put into consideration before building a home. Environmental factors might
limit where you want to develop. Building a home in a particular region may decrease or increase
its value in the long run. You should perform research to make informed decisions before buying
land. Steep slopes and soil that is more of rock and clay than sand can be costly to build a home.
Developed regions have utilities close to them and already built roads. On the other hand, there are
undeveloped areas. You will be responsible for bringing the services closer to your home and
maintenance of roads. For properties in rural areas, most of them don't have running water, and you
might need to install a septic system or drill a well. Knowing your priorities and the amount you
want to spend will determine the type of land that fits your specifications.
Easements and Liens
These elements may be attached to your deed. You need to know about them in advance to design
your home. Liens are monetary claims used to secure debts of property owners, such as back taxes
or work done by current owner that needs payment. It shows up

Make or Buy Decision
Make or buy decision Definition of 'Make–Or–Buy Decision' The act of choosing between
manufacturing a product in–house or purchasing it from an external supplier. In a make–or–buy
decision, the two most important factors to consider are cost and availability of production capacity.
An enterprise may decide to purchase the product rather than producing it, if is cheaper to buy than
make or if it does not have sufficient production capacity to produce it in–house. With the
phenomenal surge in global outsourcing over the past decades, the make–or–buy decision is one that
managers have to grapple with very frequently. 'Make–Or–Buy Decision' Factors that may influence
a firm's decision to buy a part rather than produce it internally...show more content...
Your decision will be based on the values of these four numbers. Let's have a look at the numbers
now. They are quite self–explanatory. 1.The volume 2.The fixed cost of making 3.Per–unit direct
cost when making 4.Per–unit cost when buying Now there are two formulas that use the above
numbers. They are 'Cost to Buy' and 'Cost to Make'. The higher value looses and the decision
maker can go ahead with the less costly solution. Reasons for Making There are number of reasons
a company would consider when it comes to making in–house. Following are a few. 1.Cost concerns
2.Desire to expand the manufacturing focus 3.Need of direct control over the product 4.Intellectual
property concerns 5.Quality control concerns 6.Supplier unreliability 7.Lack of competent suppliers
8.Volume too small to get a supplier attracted 9.Reduction of logistic costs (shipping etc.) 10.To
maintain a backup source 11.Political and environment reasons 12.Organizational pride Reasons for
Buying: Following are some of the reasons companies may consider when it comes to buying from
a supplier. 1.Lack of technical experience 2.Supplier's expertise on the technical areas and the
domain 3.Cost considerations 4.Need of small volume 5.Insufficient capacity to produce in house
6.Brand preferences 7.Strategic partnerships The Process: The make or buy decision can be in

Best Buy Is A Company Essay
Best Buy is a US based multinational company that deals in consumer electronics goods.
Headquarter of this company is in Richfield, Minnesota. This company operates in Canada and
Mexico too. The specialty of the company is it works as a retailer that deals in consumer electronics
goods, personal computers, entertainment software and appliances (City, 2010).
The company was established in 1966 and that time it was Sound of Music and that time it is a
public company and in 1983 it made Best Buy Co. Superstores and its founder was Richard
M.Schulze. The numbers of its outlets are 1.050 in worldwide. The company earnings are $42.568
billion and its operating income is $2.375billion and the amount of its assets are around $14.421
billion and the amount of its total equity is $4.977 billion and around 125,000 people are working in
its stores.
Corporate Business of the firm
Operations of the company
Best Buy sells the electronics goods and various type of merchandize like that are used by
common people like home appliances(like washing machines, refrigerators, and dryers) along with
these items they also sell variety of different goods like software, video games, video cameras,
music items, VHS and VCRs cassettes, car stereos, mobile phones and digital cameras. This
company provides different kind of non–commissioned environment for the sale of their products.
Best Buy deals under the brand Greek Squad and provide the facility of computer repairing, warranty
service, and also

Did Jim and Laura Buy a Car Essay
November 10, 2015 Contracts: A contract is an agreement that creates obligations that are
enforceable by the law. A contract can either be written or spoken. There are elements to a contract
that make it valid and binding. This is defined as a clear manifestation of willingness to enter an
agreement made by another person with full understanding that their assent to the bargain is an
invitation and is concluded. As to whether there was an offer in this case, yes there is an offer.
When the salesman offered the buyers time for a test drive and they finally chose and agreed to buy
the blue car it was a clear offer. Acceptance. This basically means that the terms of the offer have
been clearly understood and agreed to through consent...show more content...
As of whether the parties were of a sane mind, yes they were to allow them capacity to seek
purchase of a new car and also agree to the terms and conditions of the sale. Contract in place:
Whether there was a contract of purchase of a car? The law puts clear guidelines that before
there exists a contract that is binding, there has to be an offer, acceptance, mutual obligation and
all parties should be of a sound mind and have attained an age that is considered by law. In this
case, a contract does exist. The buyers being of a required age approached a car dealer wanting to
purchase a car. The dealer made an offer and the buyers accepted to the terms. They promised to
buy the car and asked that the salesman held it for a day for they would come back for it. They
went ahead to confirm their verbal agreement by paying an amount that partly makes them show
desire to purchase the automobile. In return, with mutual understanding the salesman keeps the
car and calls them to confirm if the purchase would be completed. A contract that is legally
binding does exist here. There are factors in this scenarios that show a legally binding agreement
is in existence. When Stan the salesman gave the buyers Jim and Laura a chance to test the cars
that were lined for sale, he made an offer. Jim and Laura found a blue sedan car that best suited
their needs. They went ahead to agree to buy the car and this was a clear show of

Essay about Renting Versus Buying
Buying a home can be an exciting experience for anyone. However, in some cases you just might
be better off continuing to rent your home. There are many advantages to buying a home. However,
it is not for everyone and buying varies from individual to individual. Currently more people are
leaning towards renting but this could change in the near future.
When someone makes the decision to buy or rent a home they must consider the advantages and
disadvantages of each. In buying a home the primary advantage is that you actually own it. You
can do whatever you want with it. Also, you are building equity as the years go by. "People today
have problems saving for their future" (CNN Money, 2014). However, when they buy a home, the
...show more content...
You might be better off paying a reasonable amount for rent and saving your money when buying
seems more logical. Also, it depends on lifestyle preferences. Some people may not want to do all
the work that comes along with owning a home. As of right now many people are leaning towards
renting. This is because the market is going down. Some don't want to commit to a mortgage if
when they go to sell they can't find any buyers.
It is likely that the renting trend will decline and buying will increase in the future but it is hard to
say when. However, "if rent keeps rising and prices keep falling, fearful buyers could slowly
become bargain hunters." (Business Week, 2014). I feel that people will eventually get tired of
spending there money on rent and will want to invest more in there future. I don't think that the real
estate market will ever be a boom again. I believe that people have learned that just because
interest rates are low doesn't mean they can financially take on a mortgage. Overall, buying a
house is a big decision and should be looked at carefully. You should look at the advantages and
disadvantages of each and decide what is best for you in your life. There is no way to pin point if
buying or renting is best for anyone. Currently many prefer to rent their homes. However, as rent
rise, a majority may soon change their minds.

Best Buy Co. Inc. Essay
Best Buy Co., Inc. is currently the world's largest retailer for consumer electronics. The company
has 1,400 brick and mortar stores and is a popular online retailer as well. The stores serve as
display room for various online retailers. Best Buy consumers can purchase electronic products such
as mobile, corded and cordless phones, televisions, cameras, personal computers, laptops, appliances
and more (David & F.R., 2015). Today's society relies on convenience and technology, forcing
companies to implement new ideas and projects in an effort to maintain their ability to compete with
other companies. For continued success the company must look at the internal and external issues
the company may face as well as their competitors and their best practices that are contributing to
their success.
Internal Issues
Internal issues are the problems and factors within an organization that the organization has the
ability to control. Best Buy's code of ethics is posted on the company website. The code of ethics
provides information on the organizations culture, expected behavior of all employees and
consumers. The procedures to report violations of the code of ethics. The company has had issues
with ethical behavior in the past. Former CEO Brian Dunn's participation in an inappropriate
relationship with a female employee violated the code of ethics, as well as the misuse of company
funds to facilitate the relationship. The discovery of Dunn's inappropriate relationship also identified

Benefits Of Buying A Car Essay
When purchasing a car, would one consider an American car, foreign car, or both? It is a tough
decision one has to make. Usually, some may want an American car, but some may also want a
foreign car. In this paper, it will be outlining the key points of the two cars, similarity and
difference of the two models, and lastly, which one of the two is the better quality to purchase.
Over the years, automotive industry has increasingly become a global enterprise. Every year,
newer better enhance model cars are made. Some people may buy cars for just the luxury. Some
may just want a car that can take them from point A to point B. Within the automotive industry it
conclude either American or Foreign cars. When buying a car, one looks for fuel efficient,
reliability, and style. Either way it's really depends upon one's choice and one's taste.
American cars are constructed to be sturdy with a strong engine. It is made to perform and handle
heavy duty jobs. American cars are built locally in the United States. The American car in general is
built in many sizes, for instance, coupe, sedan, mid–sizes, trucks, and SUV. "American cars are built
larger to offer more passenger comfort including enhanced shoulder and leg room." (Foreign vs.
American Cars: Is There a Difference?) Besides, American cars are built to be more affordable for
the general public.
Foreign cars are made for reliability. It is either made from Japan or Germany. Also, foreign cars are
made of "large array of

Essay On Buying A New Home
Families who are getting ready to buy their first home are sure to be bombarded with advice on
how to go about purchasing it. With so much advice, it may be hard to know exactly how to get
started with financing a first home. Having a step–by–step guide can help first–time home buyers
through this process.
Types of mortgages
It is essential for people who are ready to buy a home to have a basic understanding of the different
types of mortgages. Depending on a family's financial circumstances, there are several ways to go
about financing a new home. Different types of mortgages have different requirements, including
how much home buyers have to put towards a down–payment, what the minimum credit score must
be, and how many years the home...show more content...
This information will help make it clearer what type of loan will be in the buyer's best interest. It
also helps to be familiar with the term when talking with a mortgage loan officer. If he sees that the
buyer understands the terminology, he will be more likely to offer the best mortgage loan offer
possible.
Will you need PMI insurance?
The need for PMI insurance is something that is misunderstood by many people buying a home for
the first time. Whether or not the buyer needs PMI mortgage insurance will depend on the personal
financial circumstances and the type of mortgage loan. The loan officer will advise the buyer
before closing if PMI insurance is required. There are advantages and disadvantages to having PMI
mortgage insurance, and also ways to avoid it altogether.
Understanding mortgage points and closing costs
Another consideration for people who are preparing to purchase their first home is the additional
costs that can be added by mortgage points and the various types of closing costs. It is in the buyer's
best interest to understand each aspect of mortgage points and closing points thoroughly before
signing any loan closing paperwork.
Using a mortgage calculator
It takes a great deal of financial planning to prepare for the purchase of a home. A mortgage
calculator can help buyers determine the affordability of a mortgage and whether or not they will
have difficulty in keeping up with the monthly mortgage notes. It

Why Do You Buy A House? Essay
If you are looking to buy a house, now would be a great time to buy! I am sure you have heard that
saying from somewhere or another, fact of the matter is, it still stands true. The market is over
crowded with foreclosures and short sales, and predictions are that many more are to come. If you
have the capital to start investing in real estate, it is still not too late. However, there are a few things
that you as the investor need to take care of before jumping in head first. If you have bought a
house or rented one in your entire life, you have performed a business deal in real estate. It is
however a different game when you are trying to make a profit in it. The good news: you really don
't need a degree or any professional education in the field of real estate to make money. To be honest,
I am not a real estate professional myself, however, I got into investing into real estate last year
and the thought came into my mind to pass on the knowledge and my advice throughout all that I
have learned so far. I firmly believe in the saying, learn from other people 's mistakes so you don
't have to go through them yourself. 1. Planning It is always essential to plan something out
before you start it. You wouldn 't go on a road trip before planning for it, right? The same goes for
investing in real estate. Planning helps you cover all your bases, but more importantly it will give
you an accurate picture of where you are, where you want to be, and how you will get there. In your

Buying vs Renting Essay
Buying vs Renting The economic decline has possible home buyers, especially first time home
buyers, scared to invest anything into the housing market. With the fear of another depression in the
back of everyone's minds, some businesses are attempting to clarify the pros of home ownership.
"When you rent, you write your monthly check and that money is gone forever. But when you own
your home, you can deduct the cost of your mortgage loan interest from federal income taxes, and
usually from your state taxes" (Home Buyers Guide, p4). Buying a home can be alarming, if you
are not prepared, whether for the first time or even for the fifth time. If you take time before going
into the process to gain the knowledge needed, one might see that...show more content...
But on the other side, if you are renting, unless you damage the property, you don't have to pay for
fixing repairs.
When you own your home, you have the luxury of not answering to a landlord, and the ability of
decorating the inside and surrounding property as pleasing to you. But as a renter you have the
flexibility to move when desired instead of staying stationary in a purchased home. As you see
there are definitely pros and cons when deciding if renting or buying is right for you. When you
rent, you don't have the responsibility of maintaining the home, you aren't worried about
improving the interior or exterior of the dwelling, you don't have to pay taxes on the home, and
you aren't faced with the possibility of losing the capital put into the housing market, or the
possibility of foreclosure if a mortgage payment is missed (Should you rent or own). But on the flip
side, when owning a home the equity in the home can be converted into money if refinanced or
sold. Over the years, if kept well, real estate property increases in value and therefore this asset will
up in value the longer the property is held (Should you rent or own). Timberwoods Townhomes has
recently converted from a co–op into a first time home buyers community. "A housing cooperative
is a form of home ownership in which people join to form a cooperative corporation which owns the
building in which they live" (Cooperative Housing,

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