Top Northern Kentucky Realtor: reducing mortgage payment

Monday, October 17, 2011

Shop For The Lowest-Cost Loan

REALTORS® develop relationships of trust with the families they serve, and can help you avoid predatory loans by

encouraging careful shopping. Ask these important questions:

• What is my credit score? Can I have a copy of my credit report?

• What is the best interest rate today? Do I qualify?

• Is the loan’s interest rate fixed or adjustable?

• What is the term (length) of the loan?

• What are the total loan fees?

• What is the total monthly payment? Does this include property taxes and insurance? If not, how much will I need each month for taxes and insurance?

• Is there an application fee? If so, what is it, and how much is refundable if I don’t qualify?

• Are there any prepayment penalties? If so, what are they and how long do they last?

Bob Abner (Huff Realty) is a well-respected, top Realtor in the Northern Kentucky/Greater Cincinnati real estate market with vast experience in the real estate industry. For Northern Kentucky Real Estate Listings and Home buying and selling Information visit: http://www.BobAbner.com

Bob Abner, top full time Realtor in the Northern Kentucky area, serves the Campbell County, Kenton County and Boone County real estate market. Affiliated with Huff Realty, Bob gives both Buyer and Seller the very best in service and marketing. Sellers-marketing and exposure doesn’t stop until the house is sold. Bob Abner and Huff Realty are leaders in the real estate industry, selling your house in today’s market giving you a host of proven strategies producing the most exposure to get your home sold as quickly and profitable as possible. Buyers-you get years of real estate knowledge, expertise, and a myriad of services from beginning to end. Huff Mortgage has competitive rates, works closely with Bob and gives you e-mail updates each step of your loan progresses. Huff Title makes the closing process go smoothly. Huff Insurance has competitive rates and excellent customer service. One-stop shopping makes the home buying process as simple and problem free. Testimonials attest to Bob's hard work, communication and outstanding ability to negotiate and problem solve. Whether selling or buying a home, there is no better Realtor in the Northern Kentucky area than Bob Abner.

Thursday, October 13, 2011

Beware of Predatory Loans!

For most families, buying a home is the biggest and smartest purchase they ever make. One of the keys to success is getting an affordable home loan with fair terms and reasonable costs. Unfortunately, home buyers need to be aware that some loans are not in their best interest. When loans hurt instead of help, they can quickly lead to foreclosure and even bankruptcy.

There is no single definition of predatory lending, because the term covers a wide range of abusive practices. Some practices may be predatory for one borrower but not for another, because everyone’s circumstances are different. Predatory lenders often take advantage of first-time homebuyers and others who may be vulnerable to high-pressure sales tactics.

I can provide information about predatory lending, refer clients to reputable lenders, and encourage families to make informed decisions about how to finance their homes. Responsible lenders play a vital role in helping families achieve homeownership, but consumers need to make sure they are not dealing with a predatory lender. Some unscrupulous lenders are only interested in taking as much money as possible, and are not concerned about whether loans are affordable, sustainable, and truly helpful to home buyers and homeowners.

Remember the old saying, "if it sounds too good to be true, it probably is!"

Bob Abner

Tuesday, August 9, 2011

Downsize Your Home To Downsize Expenses - Chasing the Savings and Reducing the Mortgage Payments

Chasing the Savings
Soaring home prices, soaring energy prices and high gasoline prices all add to the cost of living. As a result, the financial benefits of moving to a smaller place are numerous, and well worth exploring.

Reducing the Mortgage Payments

If you make the right move, you might be able to trade in your house and use the profit from the sale to purchase your next home in cash. If you are really in great shape financially, you might even pay off the new home and have tax-free profits from the sale of your old house left over to invest.

via investopedia.com
The monthly mortgage payment is generally the largest single expense consumers face. It routinely accounts for 30% or more of their gross income - often accounting for 50% of net income. Downsizing your house can have a dramatic and direct effect on mortgage expenses. At the very least, it can result in a significant reduction in your monthly expenditures, a significant increase in your free cash flow and massive savings in interest over the term of your mortgage.

Bob Abner