Tag Archives: home
Fixed Home Loans
Home is one of the basic necessities of life for every individual. People do all sorts of things to buy a home like working extra hard, doing overtime in offices, taking up part time jobs in their free time, and so on. However, not all are lucky enough to own a home with their limited incomes. But, in order to fulfill their dream of buying a home, people take loans from banks or other agencies. These days fixed home loans are becoming popular throughout the world.
The first and foremost thing that comes into the mind of a home loan seeking person is the interest rate. Some loan seekers often get confused between fixed interest rate and floating interest rate. Let us try to understand the difference between the two. In case of a fixed home loan, the rate of interest remains fixed for the entire loan period. For example, if you take a home loan at 7% per annum for a period of 25 years, this interest rate will not change during entire 25 years. Whereas floating rates are directly proportional to the interest rate prevailing in the market. In other words, they keep on changing as per the market interest rate. People normally prefer fixed home loans due to the security provided by it. A fixed interest rate loan is suitable for persons with limited and fixed monthly income. However, the only drawback associated with it is that if interest rate comes down, the borrower still has to pay the same interest that was applicable at the time of taking the loan.
Further, in countries like Australia, where the mortgage interest rates are continuously showing an upward trend, people are finding fixed home loans more attractive and appropriate. This is because Australians consider things such as budgeting, lifestyle, economic instability, and changing interest rates, before going for a loan. With fixed loan, people know how much they have to pay each month and can plan their budget accordingly. While in floating loan, they become totally dependent on the ever changing interest rates and cannot do their financial planning in an efficient manner.
Some other benefits of fixed loan include peace of mind for future financial planning, lower interest rate than other type of loans, and surety about repayable amount. With each passing day, more and more people are turning to fixed term loans as it is a safe and secure option.
So, if you have finally decided to take a home loan, compare the interest rates of all types of loans. You can do this research by browsing different websites that specialize in home loans. You can also search the Websites of various government and private banks and compare the terms and conditions offered by them. Do not take hasty decision in this matter as it can affect your life and future planning in a big way. Whether this will be a negative affect or a positive affect, depends on how wisely you choose your loan.
Errors and Omissions Insurance and HMS Home Warranty Protect Your Client
Professionals in the business of buying and selling real estate including brokers, agents, appraisers, title agents, mortgage brokers, home inspectors and title abstractors have been helped by HMS National for Errors and Omissions Insurance (E&O) for over 30 years. Along with HMS Home Warranty they protect your reputation and make doing business safe and cost effective.
For real estate professionals whose reputation as well as livelihood depends on transactions going unhindered by delayed closings, HMS Home Warranty is essential. When you recommend HMS Home Warranty to clients buying a house or selling their house you can be confident that you are doing them a favor. The home repair headaches will be greatly reduced for them saving them money as well as time.
The HMS Home Warranty is also valuable for getting houses to closing faster, because it minimizes the chances of an appliance or system component failure delaying the closing process. There are other situations you will not be able to foresee which is why you have Errors and Omissions Insurance (E&O). HMS National is an expert for E&O insurance and knows how to customize it for individual situations. They have a national network where they can leverage the best possible rates for the right policy for you.
There are many advantages to HMS Home Warranty that you will want to make known to your clients. They will be able to avoid costly and unexpected home repairs for appliances and major systems and avoid the whole process of finding the right technician, because HMS has a nationwide network of qualified contractors. If they want to buy any new appliance they can also get big discounts through an HMS Home Warranty.
You will have the opportunity to contact your client when they call the HMS Home Warranty 24/7/365 call center to file a claim when a covered appliance or system breaks down. HMS will pay the claim and notify you and you can call them just at the time they are greatly relieved to have been saved from a huge expense, possibly depleting their savings. They will be happy to give a referral for you, boosting your business.