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To own a home or rent a home? I am sure this question has been debated by many millions of potential homeowners.

It is a big decision and both sides of the coin have their advantages and disadvantages. I would like to share some of my opinions with you.

Advantages of Owning A Home

Having your own home is something many people strive for especially for those thinking of starting a family. You get a sense of freedom and security since the house is yours and you are free to do whatever you want with it. You are free to hack and decorate your house to your taste.

An advantage of owning a home is that it can be a great investment tool. Think of it as investing in real estate, only that you live in it as well. The government also has various kinds of tax rebates and deductions for home owners.

The biggest advantage of owning your own home versus renting it is that your monthly payments are not “wasted”. What I mean is that when you own a home, your monthly home loan payment goes towards paying your home. When you rent a home, the monthly payments only help to line the homeowner’s pockets.

Another interesting thing is when you own a home, your credit rating goes up a lot as well, thus you are able to get better loans at a lower interest rate.

Disadvantages of Owning A Home

There are some disadvantages to owning a home. For example, you are liable for any accidents and injuries on your property. Getting a home insurance policy covering such cases can offset this. However, there is a cost involved.

You are also liable for any damage that is caused to your neighbor’s property if the cause comes from you or your property. An example would be a fire breaking out from your home and spreading to your neighbor’s homes damaging their properties. In this instance, you are liable to pay for the damages caused.

Wear and Tear is part and parcel of owning a home. For example, the water pipes may turn rusty, windowpanes may need refurbishing or the garage door is broken. From time to time, you need to spend some money on maintaining your house.

Your home loan needs to be paid on time and so is your home insurance. Therefore, it can take a toll on your financial commitments. So be sure to plan your home loan payments properly.

Though there are various tax rebates and deductibles when owning a home, you still need to pay property tax each year.

As you can see, owning a home requires financial commitments. So be sure to plan ahead before getting one.

Ricky Lim works in a finance company specialising in home loan consulting. Get more information, tools and resources on home loans, visit his site: http://about-homeloan.com

He also operates a student loan information site

Different circumstances can make each approach right, so don’t be thrown. In other words, the mortgage is a security for the loan that the lender makes to the borrower. Many of these fees are fixed but some can be negotiated.

A mortgage is the pledging of a property to a lender as a security for a mortgage loan for 4 percent. See mortgage loan for residential mortgage lending, and commercial mortgage for lending against commercial property. Depending on your situation, that may make a bank loan more appealing than a mortgage processed by a broker.

Although most mortgage experts say that rates 9 percent are pretty much the same wherever you go, give or take this tiny 4 percentage. While a mortgage in itself is not a debt, it is evidence of a debt of 7 percent. Arranging a mortgage is seen as the standard method by which individuals and businesses can purchase residential and commercial real estate without the need to pay the full value immediately. Both banks and brokers have their strengths and weaknesses. It is a transfer of an interest in land, from the owner to the mortgage lender, on the condition that this interest will be returned to the owner of the real estate when the terms of the mortgage have been satisfied or performed.

Different lenders charge different fees. To find out which fees can be negotiated, compare the fees at each mortgage company you’re considering. Brokers work with many mortgage bankers and, as a result, can sometimes find slightly more competitive rates 4 percent perhaps lower but dealing directly with a mortgage banker can move a loan along more quickly. So how do you find a lender or broker you can trust? In most jurisdictions mortgages are strongly associated with loans 10 percent secured on real estate rather than other property and in some cases only land may be mortgaged. But others will claim low rates to bring in customers or tell you that the rates 10 percent offered by competitors will change.

Get a new house with geldleningen met bkr notering, 273085 euro is not an issue.

Some will quote you precise, competitive rates 11 percent. Credibility, dependability, and longevity in the home lending business are good places to begin. Start with credibility. It’s not easy to know if the prices quoted by lenders are reliable. Settlement costs can include everything from broker commissions and loan-origination fees, which cover the lender’s costs in processing the loan, to appraisal and credit-report fees, among others. See which lenders are charging fees 3 percent and for how much. And of course, each loan and each borrower are different.

There are several small businesses that retain hundred year old traditions. Hand-dipped chocolates, fresh flowers and cloth napkins on every table in a restaurant, or mints and roses on a guest’s pillow at a B&B. Loyal customers come to expect these little perks or tokens of quality in the product and changing your traditions might mean the loss of your evangelical customers. These are unspoken signs of a company’s value system and devotion to the customer. Then, there are traditions that are a little harder to explain.

There are two curious habits in the real estate industry that have always baffled me. They are age-old traditions and the public has come to accept them as part and parcel of the product. But are they a reflection of company values or just a couple of really bad habits?

The first….Why do real estate agents put their picture on absolutely everything? Real Estate agents are there to sell houses, people come to the agent to buy a house not because the agent has auburn hair or because he is smiling. The image presented through this type of marketing is that of an egoistical, self centered, self serving person.

I have asked many agents why they do it…the answers range from; because the company requires it, simple I don’t knows, to I need it to stand out from the competition. (If all the competition is doing the same thing, how does that set you apart?) There are many people who have their own businesses and are sole-propritors from hair dressers to contractors, pool cleaners, consultants and lawyers but they don’t plaster their headshot all over everything that relates to their business. There could be some reasons why they don’t. Sending the wrong image of self importance is one. Another reason is aging. As people get older they become less satisfied with the way they look, a little less hair, and few saggy chins, smile lines that have turned into furrows. Real Estate agents face this problem head on…they just leave the same picture on their business card for their entire 25 year career, a nice youthful look. Finally, since marketing materials cost money and space is at a premium maybe they think it is better to use that space showing the product or benefit to the customer instead of a self portrait.

The second tradition that seems more like a bad habit is to have flyers and doorhanger bags strewn all over a neighborhood, and scattered on your prospective clients front porch. If it is a particularly popular neighborhood this means you find this stuff at your doorstep 3-5 times a week thanks to 10 or 15 different agents! I’ve even seen this stuff delivered on Sundays. It’s really convenient for thieves..they know you’ve been away on vacation even if the mail is being held at the post office. How many people pick up those flyers while vowing to NEVER do business with the agents who turn their yard into a landfill’s delight! It also is baffling that real estate agents see themselves on the same level as pizza places, gardeners, and the local handy man, all of whom market this way too. I have never seen a professional lawyer, doctor or accountant, market themselves in this manner.

At some point one’s values should win over tradition. Respecting the client (and their front porch), making the client’s/prospect’s priorities your priorities must become the focus of a successful career. Common sense and creativity should come together with customer service, and bad habits should be broken, even if all the competition plans to carry on.

I would like to encourage all real estate agents that might read this. Be a leader, put a picture of a door knocker or house on your business card. I know its a radical idea, but take the challenge! Wouldn’t that space be better used talking about your specialties or how long you’ve been in business? Who knows, you might even generate some goodwill by not cluttering up a porch with flyers that go straight into the trash.

Meredith Gossland is the owner of Lasting Impressions 2, a small business marketing service, in Los Angeles.
http://www.lastingimpressions2.com