Plano Home loanDid you recently receive your annual notice that the rent is going up? If so, you’re not alone. Millions of renters are seeing more and more of their income drained away due to higher rents. To make matters worse, every dollar in rent is one that you are not saving, investing or using to build your net worth. If you’re feeling the pinch of higher rents, it might be time to buy your first starter home.

Comparing Rent With A Mortgage

Have you ever done the math to understand how close your monthly rent might be to a mortgage payment? Here’s a quick and easy exercise. Multiply your monthly rent by twelve, and then multiply that number by 25. For example, if your rent is $1000 per month, that is $12,000 per year and $300,000 over 25 years. So if nothing changed from today, you could afford a $300,000 mortgage.Plano Mortgage Lender

Homes Are More Affordable Than You Think

Many first-time home buyers are convinced that they can’t afford to enter the market, but that is not the case. There are homes available that fit almost every budget or price range. In fact, it is less important to worry about the total cost and more important to worry about location, size and local amenities like schools and parks.

Remember, when you buy a house you aren’t just locking yourself into a rental contract. You are investing in a home and property have the potential to gain in value over time.

Plano home lenderA Few Other Considerations

Of course, there are some considerations that you will need to make as you start down the path to homeownership. The first is that your mortgage is unlikely to be your only monthly expense. You will also encounter property and other taxes, utility fees and if you buy a condominium or apartment, homeowners’ association fees. You will also be responsible for maintenance and upkeep since you own the home. But that also means that you are free to customize and renovate as you see fit.

Keep in mind that it is never too late to escape the rental trap. When you’re ready to start building your future by investing in your first home, contact Warren Whitaker by phone or text at 972.523.8353 or Warren@Lendhome.com.  Warren will  be happy to share his insight and experience to help you choose the best mortgage and is happy to share financing options that will suit your budget.

Plano Mortgage Rates, Plano Home Loans, Plano Real Estate, Plano Homes, Plano Rates, Plano Home Loan Rates, Plano FHA Loans, Plano VA Loans, Plano Conventional Loans, Plano FHA Rates, Plano VA Rates, Plano Conventional Rates, Plano Mortgage Companies, Plano Mortgage Lender,Plano Loan Officer, Plano Home Loans, mortgage companies plano tx, 30 year mortgage rates texas, mortgage companies plano tx

Plano mortgageA Plano rental property is a wonderful investment option to consider, and it can provide you with everything from considerable tax benefits to appreciation and monthly cash flow. While you may be eager to get started searching for a new rental property to invest in, a good idea is to take the initial step to get pre-approved for your Plano mortgage.

There are several good reasons why a pre-approval is an important first step to take.

Determining What Sales Price to Consider

The mortgage rules and guidelines for an investment or non-owner occupied property are different than those for an owner occupied property. For example, a key difference is that most lenders will require you to make a larger down payment. When you get pre-approved for your mortgage, you can more easily narrow down your property choices so that you only consider those that are affordable for your budget.

Estimating Cash FlowPlano mortgage loan

When you invest in a Plano rental property, you will need to estimate the cash flow for the property to ensure that it is a good investment. This may include reviewing the monthly rents and operating expenses, and it also includes analyzing the mortgage payment. When you get pre-approved for your mortgage, you can estimate your monthly mortgage payment and determine which properties are a better investment opportunity for you and which will generate the largest profit for you.

Structuring A Stronger Offer

By getting pre-approved, your mortgage professional will provide you with a pre-approval letter. This letter can be given to a seller when you structure your offer, and essentially this will strengthen your offer and make you look like a more serious and qualified buyer. When you are in a bidding war, this letter can make a big difference in your success. Furthermore, it can streamline your mortgage process once your offer is accepted by the buyer, and it will enable you to create a more realistic closing date on your offer.

Plano Home LoanWhile you may be ready to jump head first into your property search, you may benefit from taking time to get pre-approved for your mortgage. This process takes very little time to do, and it will facilitate the entire process. From searching for a great property and analyzing its strength as an investment opportunity to helping you pass through the loan process, you will benefit in a number of ways. You can reach out to Warren Whitaker @ 972.523.8353 today to begin the pre-approval process.

Plano MortgageHomeowner’s insurance is an incredibly valuable and beneficial policy for homeowners to have, but it is necessary to understand what traditional policies do and do not cover. Once you familiarize yourself with the intricacies of various plans you will be better educated to make the proper decision when selecting your desired level of coverage.  Your home must be covered by homeowner’s insurance if you have a home mortgage.

What’s Covered In Homeowner’s Insurance?

The majority of homeowner’s insurance plans will cover dwelling and other structure protection, personal property protection, natural disaster protection, and bodily injury liability protection. Dwelling and other structure protection plans cover damage to your Plano home and other structures that are directly connected to the home, such as the garage. Personal property protection covers damage or loss of personal property within the dwelling. Natural disaster protection covers your home should a natural disaster cause damage, but note that natural disasters such as flooding and earthquakes typically are not covered. Finally, bodily injury liability protection typically covers injuries to individuals while on your property.Plano Home Loans

What Is Not Included In Homeowner’s Insurance?

As mentioned above, two of the major natural disasters that are not covered by homeowner’s insurance are flooding and earthquakes. There are specific insurance plans that cover flood damage and earthquake damage, but you’ll find that the vast majority of common homeowner’s insurance plans do not cover these types of disasters.

Homeowner’s insurance does not typically cover home business equipment either. If you are running a business from within your home, small business insurance is required to mitigate your risk.

Plano MortgagePersonal property over a certain value is also not typically covered unless supplemental coverage is purchased. Items such as expensive musical instruments, artwork, jewelry, and silverware should have their own insurance policy which is dedicated to valuable personal property.

Why You Might Need Homeowner’s Insurance

Homeowner’s insurance is intended to help protect you against the unexpected. You never know when a natural disaster such as a tornado or a lightning strike which causes a fire within your home might occur. Accidents do happen, and a visiting friend or relative can be injured on your property. Homeowner’s insurance is a great protection plan to have to make sure that both you and your property are covered should disaster strike.

Resources

Warning Signs Your Homeowners Insurance Premium

Home insurance

Homeowner Insurance Complaints Drop

 

Plano Mortgage LoansBuilding a tree house is a time honored tradition for many families. One of the benefits of having a yard is the ability to build a tree fort for your children.

If you’re planning to build a fun fort for your kids, here are seven steps to help you create the ultimate tree house.

The Ultimate Plan For The Perfect Playhouse

The best projects are often the most thought out. Sit down with your children and lay the plans for their tree house. Let them contribute their thoughts and ideas so they feel a part of the planning process.

Although you won’t need an engineering degree to build a quality tree fort, it’s important to calculate all the measurements and specifications of the Plano Home Loansbuild.

A Solid Foundation For Your Tree House

Prepare the location for your future tree house by trimming away any precarious branches or boughs on the tree you plan to build on. Ensure that your tree house will be well supported, and reinforce any questionable spots.

If your tree fort is being built from the ground up, make sure you’re working with a level foundation.

Plano Mortgage LoansHave The Right Tools For The Job

Make sure you have all the tools you’ll need to construct your tree house. Power tools and construction equipment can be borrowed from friends and neighbors or rented from your local hardware store.

When the time comes to gather your building supplies, be creative and consider re-purposed supplies. These materials are less expensive and add character and charm. You can find recycled and salvaged items at various recycled construction supply companies and through online classifieds like Craigslist.

Construct Your Tree House With Confidence

When you’re constructing your tree house, make sure it’s structurally sound. Watch tutorials online – you’d be amazed at the things you can learn from watching YouTube videos!

Make sure to measure twice and cut once. Using the proper cutting tool for each cut will help you achieve cleaner, more precise cuts. Also makePlano Mortgage Loans sure to obtain any permits that may be required for the project.

A Personalized Theme Encourages Creativity

Choose a theme that relates to your child. If they love fairies, use that as the inspiration for your design. Pirate forts and superhero lairs are perfect places to spark imaginative play and creativity.

Incorporate cannons, cupboards and ropes with pulleys to create a unique and fun space for your children to play.

A Colorful Paint Job Brightens The House

When the walls are up and the building is done, it will be time to choose paint colors. Bright colors are a great way to brighten and liven up an outdoor space.

You could even consider creating a mural. Choose something that fits with the theme. This is something that you and your child can do together, or that you can do on your own as an added surprise.

Plano Mortgage LoansPerfecting Your Child’s Play Space

Once your tree house is built, it’s time to get it ready for play. Decorate the space with fun decor and functional items. Throw pillows and rugs can add color and personality to a child’s play space. Window coverings can be made from scrap fabric or bed sheets.

Creating a tree fort for your child is a memorable experience and a labor or love. A unique space that sparks imagination and nurtures creativity is a wonderful gift to give a child.

Resources

How to Build a Treehouse

Family Builds Amazing Treehouse For Less Than $300

How to build a treehouse

Tree House – Building Tips

How to Build a Backyard Treehouse

 

FedReserveThe FOMC of the Federal Reserve released its customary statement after its meeting concluded April 30.

FOMC members said that the economy is improving after a winter lull caused by poor weather. The national unemployment rate remains high, although some improvement in labor markets was reported. Fiscal policy is restraining economic growth, although FOMC said that the restraint is diminishing.

FOMC Monitors Inflation, Further Reduces Asset Purchases

The FOMC statement reflected members’ concerns about the inflation rate remaining below its goal of two percent, and said that this could eventually impact economic recovery. The Fed expects inflation to approach its goal within the “medium term.”

The Fed will reduce its monthly asset purchases of mortgage-backed securities and Treasury securities to a total of $45 billion in May. FOMC members said that the Fed’s level of asset purchases is sufficient to maintain downward pressure on long term interest rates and to support mortgage markets.

The Fed expects to continue reducing its asset purchases as long as improvements in the labor market and general economic conditions occur. As of March, the national unemployment rate was 6.70 percent; the Plano Home LoanFed previously established a goal of 6.50 percent unemployment as an indicator of economic recovery.

The statement included its usual comment that asset purchases are not on a pre-set course and that FOMC members monitor economic reports and other financial data on an ongoing basis as part of the FOMC’s decision making process.

Fed Funds Target Rate Unchanged

FOMC members agreed to maintain the Fed’s current “highly accommodative” monetary policy and left the target Federal Funds rate at between 0.00 and 0.25 percent. The committee expects this policy to continue long after the asset purchase program concludes.

FOMC members will continue to monitor economic and financial developments along with inflation to determine the course of the target federal funds rate.

The FOMC noted that retail sales in March reached their highest level since September of 2012; this was viewed as a sign of a stronger overall economy.

Plano Home Loan Plano MortgageThis FOMC statement mentioned inflation as a basis for reviewing monetary policy more than in recent statements, and clearly established maximum employment and the committee’s target two percent inflation rate as benchmarks for decisions related to future policy decisions.

April’s unemployment rate is set for release on May 2.

 

Resources

IMF World Economic Outlook

US consumer confidence near six-year high, home prices rise

The US economy: Consumer confidence dips slightly

Q1:2014 US GDP Nowcast: +2.4% 

US Census Bureau: Economic Indicator Release

April Economic Indicators 

id1Step 1. Notify each of the three major credit reporting agencies (Equifax, Experian and TransUnion) of the identity theft and request that a credit freeze be put on your account so that no one can access your credit report without your authorization even if they have your Social Security number or other personal information. (Go to www.scamicide.com for directions as to how to accomplish this.)

Step 2. Report the crime to the appropriate law enforcement authorities where you live and where the fraud Plano Loan Ratesoccurred. Use the FTC’s ID Theft Affidavit, which can be found on the FTC’s website www.ftc.gov.

Step 3. Inform all your creditors that you have become a victim of identity theft.

Step 4. Get new credit cards with new account numbers for all tainted accounts.

Step 5. Set up complex passwords for each of your new accounts.

Step 6. Change your PINs.

Step 7. When you closed tainted accounts, make sure that the accounts are reported to the credit-reporting agencies as being closed at the customer’s request due to identity theft to avoid lowering of your credit score.

Step 8. Ask your creditors to notify each of the credit-reporting agencies to remove erroneous and fraudulent information from your file.

id5Step 9. Contact the creditors who have tainted accounts in your name and request that they initiate a fraud investigation. Get a copy of the completed investigation.

Step 10. Send copies of those completed investigations to each of the credit-reporting agencies and request that erroneous and fraudulent information be removed from your files.

Step 11. If fraudulent charges do appear on your credit report, notify the credit-reporting agencies in writing and tell them that you dispute the information and request that such information be removed from your files.

Resources

Criminal Identity Theft: What to Doid6

Identity Theft: What to Do if It Happens to You

Five Steps to Take Immediately If You’re the Victim of Identity Theft

5 Things to Do Immediately If Your Identity Is Stolen

Can You Do Anything to Prevent Identity Theft?

Guide for Assisting Identity Theft Victims

 

Excerpted from WGGB-TV TV Station.

happy1 1. Stop worrying, if it is supposed to happen it will.

2. Allow yourself to be a beginner. No one starts off being excellent.

3. Don’t let your happiness depend on anything outside of yourself.

4. Stay close to everything that makes you feel alive.

5. Listen to your body, it will lead you to unlimited health.

6. Surround yourself with people who see your greatness.

7. Make peace with your past.

8. See all setbacks as growth and expansive opportunities.

9. Comparing yourself to others will hurt your health and steal your joy.

10. Don’t give up, EVER.

11. You always have a choice.happy4

12. Stop chasing what’s not working.

13. Believe wholeheartedly in miracles.

14. Don’t postpone joy.

15. Trust the universe, there is a plan greater than yours.

16. Wake up every morning with a grateful heart.

happy217. Remember things take time.

18. Always trust your gut.

19. No need to change people; just love them for who they are.

20. Don’t resist change.

21. Forgive yourself.

22. Your life is a creative adventure.happy3

23. Release expectations and enjoy the journey, there is no destination.

24. Just do you.

25. You’re not broken or damaged. You are perfect just the way you are.

www.planomortgageguy.com

Plano Mortgage Rates

Read more: http://www.news.com.au/lifestyle/the-25-things-happy-people-do-differently/story-fneszs56-1226692261684#ixzz2bPSI0r6u

remember1Cards are nice. Gifts are nice. All the “standards” are nice—and all, at least in part, are somewhat expected.

So if you really want to make someone’s day, do the unexpected. It’s not hard.

All it takes is a tiny bit of thought and even less effort:

1. Be thoughtful, simply because you can.

I pulled into a service bay to get my oil changed. As I got out of the car one of the techs said, “Man, those are nice wheels… too bad they’re so dirty.” He smiled, just teasing.

“I know…” I said. “My next stop is the car wash.” Then I went inside to wait.

When I walked to my car to leave he was just standing up, filthy rags in his hand. “Took some work, but I got ’em all clean,” he said. Every rim sparkled. Every speck of brake dust was gone.

“Wow, that’s awesome… but you didn’t have to do that,” I said.

“We’re not very busy,” he shrugged. “I had time. Figured I would make ’em look better.” Just then a car pulled into another bay so he hustled away, saying over his shoulder, “Have a good day.”

That was four years ago. But I still haven’t forgotten it. (It made such an impression that I got cupcakes from a nearby shop and dropped them off for all the employees to share.)

Instead of turning idle time into “me time,” use your free time to do something nice: Not because you might be expected to, but just because you can.

2. Revisit an oldie and a goodie.

I was waiting to talk to the owner and couldn’t help but overhear their conversation.

The man said, “A few years ago my daughter’s fiancé was deployed to Iraq and they decided to move up their wedding. She needed a venue that could pull the reception together on two days’ notice. I told her not to get her hopes up because there was no way anyone could pull that off.

“But you and your folks did. You can’t imagine what having a real wedding meant to her. And I can’t tell you how much it meant to me to see her so happy. I just wanted to thank you again.” They shook hands, the man walked away, and the owner’s eyes stayed on him until he disappeared out the door.

It feels great to receive compliments for something you’ve just done. It feels even better when someone goes out of their way to compliment you for something you did in the past–not only do they still appreciate what you did, they went out of their way to say they remember.

Find a person you can thank or compliment for something they did a long time ago.

Everyone appreciates—no, everyone loves—to be remembered.

3. Point out who referred you.remember2

We all get recommendations from friends or colleagues. Sometimes we act on them.

When you do, say so. Tell the owner John referred you. Tell the restaurateur (love that word) you’re really excited to try her restaurant because your friend Mary said the food was awesome.

You’ll make the owner feel great because it’s a double compliment: One from you and one from the Mary. She’ll know her hard work is appreciated, which is nice, and that her hard work is paying off—which is even nicer.

And Mary will appreciate it because she’ll know you respect her opinion and helped make her professional relationship with another businessperson a little more personal.

4. Compliment what you would never be expected to compliment.

The guy at the front of the line was huffing and puffing and threatening to blow the smoothie shop’s house down because, I don’t know, maybe because he felt he wasn’t being treated with the deference due a Wolf of Industry. He left in a huff (albeit a huff insufficient to blow said smoothie shop down.)

The kid at the counter stayed nice, stayed polite, and stayed professional. It was an impressive performance for anyone, much less for a high school student working a part-time job.

The woman in front of me placed her order. Then she said, “You know, you handled that really well.”

The kid was startled. “Um…” he stammered.

“No, really,” she said. “He was being a jerk. But you handled it perfectly. I have customer service professionals working for me that would not have done nearly as well as you did. You should be proud of yourself.”

“Thanks,” he said. He turned to make her smoothie, his shoulders a little broader and his back a little straighter.

Every day people around you do good things. Most of those people don’t work for you; in fact, most of them have no relationship with you, professional or personal. Compliment them for something they would least expect.

Praise from a boss or colleague feels good. Praise from someone you wouldn’t expect makes a huge and lasting impact.

5. Notice when someone tries something different.

Status quo is often status safe. Taking a risk, however small, is hard, especially if you’re uncertain or insecure.

Insecurity feeds off silence, so mention it when you see someone trying something different. I’ll never forget the professor who caught me after class and said, “You never say a word, so it was good to have you participate in the discussion today. I’m really glad you did.” Had I said anything profound? Absolutely not. But he did notice I took a risk (for me) and expressed my opinion.

Go out of your way to compliment the effort. Even if what people try doesn’t work they will know you noticed.

People like to be noticed. And they’ll know, regardless of how it turns out, that you respect them for trying.

remember36. Give someone credit they don’t deserve—yet.

I went out for wrestling in ninth grade. I was nervous, scared, intimidated… pick any fearful adjective and that was me.

A week or so into practices I heard the coach talking to one of the seniors. “That kid there,” he said, meaning me, “Will be a state champion by the time he’s a senior.”

In an instant I felt more confident, more self-assured… and incredibly motivated. Those feelings lasted for a long time. Someone who mattered believed in me!

When you see a person struggling, give them hope. Let them know you see something in them that they don’t yet see—even if you don’t quite see it yet either.

Belief, founded and even unfounded, can be incredibly powerful—and when someone else believes in us it can be unforgettable.

From Jeff Haden

Resources

How to Make People Remember You

3 Ways to Make People Instantly Like You

Five Ways To Make People Hang On Your Every Word

How to Make People Remember You

The Importance of Being Memorable

alarm1Put your car keys beside your bed at night.

Tell your spouse, your children, your neighbors, your parents, your Dr’s office, the check-out girl at the market, everyone you run across. Put your car keys beside your bed at night.

If you hear a noise outside your home or someone trying to get in your house, just press the panic button for your car. The alarm will be set off, and the horn will continue to sound until either you turn it off or the car battery dies.

This tip came from a neighborhood watch coordinator. Next time you come home for the night and you start to put your keys away, think of this: It’s a security alarm system that you probably already have and requires no installation. Test it. It will go off from most everywhere inside your house and will keep honking until your battery runs down or until you reset it with the button on the key fob chain. It works if you park in your driveway or garage. alarm2

If your car alarm goes off when someone is trying to break into your house, odds are the burglar/rapist won’t stick around. After a few seconds, all the neighbors will be looking out their windows to see who is out there and sure enough the criminal won’t want that. And remember to carry your keys while walking to your car in a parking lot. The alarm can work the same way there. This is something that should really be shared with everyone. Maybe it could save a life or a sexual abuse crime.

Courtesy of Tom Apligian on FaceBook

www.PlanoMortgageGuy.com, Plano Home Loans, Plano Mortgage Rates

 

GCIsn’t it amazing that George Carlin – comedian of the 70’s and 80’s – could write something so very eloquent…and so very appropriate.

A Message by George Carlin:

The paradox of our time in history is that we have taller buildings but shorter tempers, wider Freeways ,but narrower viewpoints. We spend more, but have less, we buy more, but enjoy less. We have bigger houses and smaller families, more conveniences, but less time. We have more degrees but less sense, more knowledge, but less judgment, more experts, yet more problems, more medicine, but less wellness.

We drink too much, smoke too much, spend too recklessly, laugh too little, drive too fast, get too angry, stay up too late, get up too tired, read too little, watch TV too much, and pray too seldom.

We have multiplied our possessions, but reduced our values. We talk too much, love too seldom, and hate too often.

We’ve learned how to make a living, but not a life. We’ve added years to life not life to years. We’ve been all the way to the moon and back, but have trouble crossing the street to meet a new neighbor. We conquered outer space but not inner space. We’ve done larger things, but not better things.

We’ve cleaned up the air, but polluted the soul. We’ve conquered the atom, but not our prejudice. We write more, but learn less. We plan more, but accomplish less. We’ve learned to rush, but not to wait. We build more computers to hold more information, to produce more copies than ever, but we communicate less and less.

These are the times of fast foods and slow digestion, big men and small character, steep profits and shallow relationships. These are the days of two incomes but more divorce, fancier houses, but broken homes. These are days of quick trips, disposable diapers, throwaway morality, one night stands, overweight bodies, and pills that do everything from cheer, to quiet, to kill. It is a time when there is much in the showroom window and nothing in the stockroom. A time when technology can bring this letter to you, and a time when you can choose either to share this insight, or to just hit delete…

Remember; spend some time with your loved ones, because they are not going to be around forever.

Remember, say a kind word to someone who looks up to you in awe, because that little person soon will grow up and leave your side.

Remember, to give a warm hug to the one next to you, because that is the only treasure you can give with your heart and it doesn’t cost a cent.

Remember, to say, ‘I love you’ to your partner and your loved ones, but most of all mean it. A kiss and an embrace will mend hurt when it comes from deep inside of you.

Remember to hold hands and cherish the moment for someday that person will not be there again.

Give time to love, give time to speak! And give time to share the precious thoughts in your mind.

AND ALWAYS REMEMBER:

Life is not measured by the number of breaths we take, but by the moments that take our breath away.

If you don’t share this with anyone….Who cares?

George Carlin

www.PlanoMortgageGuy.com

Plano Mortgage Guy

 

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