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Mobile Phone Contracts – 10 Things To Compare When Looking For A Phone Contract (Page 1 of 2)
These days you can get a range of competitive deals when it comes to mobile phone contracts, and there is certainly no shortage of choice for those eligible to opt for a mobile phone contract. However, it is important to remember that you need to get the right deal, otherwise you could find yourself tied into an unsuitable contract for a fairly long period, which can prove frustrating and costly.
There are a number of things to look out for when you are looking for a suitable mobile phone contract to help ensure that you get the right one for your needs. This includes:
1. Price: Of course, one of the most important things that you will need to consider is the monthly cost for your contract. You need to ensure that you find a competitive deal with affordable monthly costs, and don’t forget that on top of the monthly charges you will also have any applicable call charges to pay, so make sure that you look for something that fits in with your budget.
2. Offers on calls and texts: The world of contract mobile phones is a highly competitive one these days, and in order to entice new customers many providers offer special deals on texts and calls, with packages that include a number of free texts, free calls during certain times of the day, and more. Look out for these packages, and find one that suits your mobile needs, as this could save you a packet each month.
3. Phones: Of course, the most common freebie that you get with a mobile phone contract is the phone itself, and many providers offer the latest state of the art mobile phones with all the bells and whistles. Keep your eyes peeled for special offers on new phones on the market, and you could enjoy sporting the latest hi-tech phone as well as getting a great deal on your contract.
4. The contract term: As with any other type of contract, getting tied into a mobile phone contract for too long can prove to be a bad idea, as there are always new, improved deals coming onto the market. Try not to sign up to an excessively long term wherever possible, as this could ultimately end up costing you when you could be switching over to a better deal or more suitable packaged with another provider.
5. Transferring information: The last thing that you want with your mobile phone is cost and hassle when it comes to transferring your existing number, and at the same time most people do not want the hassle of having to change their number. Check to see whether you are able to transfer your number with ease and whether this is free of charge.
6. Choosing the right provider: Another thing that is important when selecting a mobile phone contract is finding a reliable provider. Find out which network provider offers the best signal strengths and coverage for your area before you make any commitment.
7. Check out the regulator website: Before you commit to any particular network or package, it is worth checking the website of the Office of Telecommunications, Oftel, which regulates mobile phone services and providers. Here you can learn more about the phones that offer the best coverage for your area, as well as other important information.
First Home Buyer Needs Self Education
Any first home buyer is at a great disadvantage seeking a mortgage if time is not taken to understand all the necessary aspects toward obtaining a loan successfully. To find the most favourable deal possible, it is important for a first home buyer to do a good deal of investigation and research that will provide them with the necessary knowledge to make an informed decision. Although a first home buyer can call upon the experience and knowledge a professional broker provides, it is still dependent upon the consumer to do some self educating as well.
Preparation in Advance Securing a mortgage for a first home buyer starts many years before actually needing to buy a home. A first home buyer has to be as attractive a prospect as possible to make sure that this very important loan is approved. In order to be as attractive to lenders as possible, a first home buyer must establish and maintain a positive credit rating in the mid 700s, or higher, to even be considered by a mortgage lender. Establishing rotating credit accounts such as credit card, petrol and retail store accounts and paying these on time will help to establish credit worthiness. Living a product life as an ideal credit consumer will prepare a first home buyer for mortgage approval when the time arrives to buy a home.
Down Payment Always Needed Unless you have financed, sold and financed a home more than once, expect to be required to make a down payment anywhere from 10 to 20 percent of the total home purchase. While preparing for that time to come, conducting positive personal finance management will provide a first home buyer with the necessary history mortgage lenders seek.
Deciding What Can Be Affordable Mortgage lending decisi0ons for first home buyers take into consideration examination of all personal finances to determine the amount of monthly repayments a consumer can afford. A good rule of thumb is a monthly mortgage repayment, insurance and taxes should not be more than what a first home buyer experiences paying rent. Since other monthly expenses such as utility, food, transportation and other living expenses may not change drastically, assuming a mortgage repayment should be possible if it does not exceed a current rent payment.
Seek Pre-Approval All first home buyers should seek mortgage pre-approval prior to searching for a house. This allows a consumer the opportunity to start a process toward home purchase by allowing the lender to examine personal credit worthiness establishing a pre-approved purchase amount. Let the amount the lending institution is willing to “risk” on a first home buyer direct the house search. If that number is not sufficient, certain actions such as coming up with an additional down payment may be necessary to qualify for a larger amount.
Motivation for Action Any first home buyer that has a pre-approval from a lending institution can engage the services of a real estate professional who has a firm understanding off the financial limits that will direct what properties are show, Buying a house is an important step so spending time looking at properties that a first home buyer cannot afford is wasteful.
Although many first home buyers are looking for that “dream” home, choice may be limited in reference to size, type and place for that very first real estate purchase.