7 Ways To Move Your Business Forward Every Day From Today

1.Create more balance in your working day by keeping a Success Diary. The best ones to use are the page a day type and you need to split each page into three fairly equal sections down each page. Title the first section Health Goals, the second Section Wealth Goals, and the third section Wisdom Goals.

Aim to complete your 2 Health Goals per day as if they were a part of you, for example Daily Workout and Health Eating Plan. Record your successes.

Your Wealth Goals are usually connected to building your business, so complete at least three business building tasks daily. Record your successes.

Your Wisdom Goals are usually connected with reading a book or attending a training class, event, or webinar from a course you have invested in. Aim to spend at least 30-40 minutes training your brain daily. Small bite size pieces every day cumulatively works best, focusing on one area of your business until you master it.

Each day put a big heart somewhere on the page and write quality family time inside it.

2.Write 2-3 blog posts in an afternoon at the weekend in one session. Make sure you get complete peace and quiet for this task and remember they are just blog posts. If you get stuck for ideas spend 5 minutes reading through places such as EzineArticles and take some notes of what articles are popular.

Also take note of some great headlines for your blog posts and schedule up your blog posts for delivery if you have time at the end of your writing session you have now just freed up your mind for the whole week ahead.

3. Make connections with 5 people per day on Facebook and comment (do not dawdle here) on popular Facebook pages and comments. Make sure you always stay positive, be encouraging of others and share something of value if it is appropriate.

Never spam people with links on Social Media you are at the biggest cocktail party in the world so be a welcome guest not an annoying pest.

4. Create a new Vision or Dream Board every time you need to dip into that pot called inspiration. Firstly it will distract your conscious mind which will enable your sub-conscious mind to go wild with ideas. (this is where that gut instinct of yours lies hidden most of the time).

I like to think about it in this way. Divide your vision board into three sections, Wealth Goals, Health Goals and Lifestyle. (Apply images liberally to all areas matching the section of course)

Without good health you are not going to enjoy the other two, without wealth you will be affected by stress which could lead to ill health and you will not be able to live the lifestyle of your dreams and without being a goal orientated person seeking a better lifestyle for you and your loved ones?

Well just perish the thought.

5. Control your Social Media time. Distractions today are everywhere and we tend to take them with us on our Smartphones too! Just be wary of the time you spend each day on Social Media as it can seriously impact on other tasks.

Schedule up some Tweets using Hootsuite and use the Facebook timeline feature to do the same on Facebook, then just check periodically for updates, mentions, comments and messages.

6. Create a Free Report from a chapter in your latest Ebook and give it away as much as possible for the next 90 days or more. Always use a squeeze page to help build your email subscriber list at the same time but give it away.

Your number one task online is to build your subscriber list so brainstorm 5 ideas you have right now that you can implement over the next 30 days that will help build your list.

7. Invest a few dollars a month in Onlywire bookmarking software. If you are spending all your time blogging and then syndicating your post everywhere you can check out what Onlywire can do.

The upside is that once you have set it up you can submit your blog posts in less than 1 minute and Onlywire will do the rest, the downside is it can take a few hours to actually set up when you first use it. But like the advert says “because you’re worth it!”

Debt Consolidation Loans Tips For Getting Rid Of Debt

By taking steps to have all your debts rolled into one, you will be taking steps to manage your debt in the most efficient way possible. Having many small bills to pay at the end of the month can be a very frustrating experience. Debt consolidation loans are a great way to manage your finances prudently.

If you have a poor credit rating, you may find it slightly difficult to benefit from this facility. This however, does not mean that it cannot be done. The only difference is that the conditions may be much tougher.

However, if you qualify for it, there are ways of ensuring that the interest rates are reasonable. Taking advantage of little tricks can go a long way towards ensuring that you are not over charged. It is not something difficult to do, but needs one to be focused.

Start by taking stock of the credit cards that you have in your possession. Where possible, list down their credit limits and interest rates. Once this is done, you can then make a list of the debt on each one of them.

The next step is to consider the possibility of one card taking over the debts from all the others. If this is possible, the best step is to transfer all of it to that particular one. The trick is to make sure that you get one with a high credit threshold and low interest rates.

This is the easiest way to consolidate your debt if it can be managed. At the end of it all, you will find it easier to pay one bill at the end of the month and definitely much cheaper.

Try and negotiate with a lender or other credit organizations to give you a loan that can take everything on board. Bargain with your salary if you are on a salaried employment. It always offers some sense of security to creditors an they are bound to be softer on you.

Bear in mind the fact that one must be over eighteen years old to enter into a legally binding contract. One must also be a citizen or resident of that country. It is naive to expect a loan if you are visiting from another country. If you can demonstrate the ability to get your act together. The interest rates are bound to be quite minimal. However, make sure that the loan is strictly used to buy out all the other loans.

Bad Credit Home Equity Loans – Tips On Getting A Lower Interest Rate

Getting the lowest rate on a bad credit home equity loan requires some comparison of various lenders. Even those that do have bad credit can find benefits in comparing various lenders for what they can offer to you. What’s more, you will find that home equity loans are secured, which means that borrowing against this money just makes more sense than borrowing with credit cards.

Tips To Start The Search

Here are a few tips you can use today to secure a low rate on a bad credit home equity loan:

o Know your credit score by getting a copy of your credit report. Make sure that all information is up to date, accurate and gives you goals to help you to improve your rating over time.

o Get quotes from several lenders and compare them for interest rates, terms and costs as well as fees that are included in the home equity loan. Quotes can give you a clear indication of what you are likely to pay not just what is advertised.

o Consider sub prime lenders that specialize in home equity loans for those that have bad credit. They are less demanding on qualifications that you will need.

o Have proof of employment, income and assets that show that you have the ability to make payments.

o Make sure you are up to date on your mortgage payment.

By working with several lenders, you will be able to determine what the right solution is for your particular needs. It is very important for you to continue to keep building your credit while you are applying for a home equity loan. Therefore, make payments on your mortgage and other loans, including credit cards. By comparing what various lenders can offer you will allow you to find an affordable bad credit home equity loan.

Bad Credit Car Loan Tips

In the current credit crunch, getting a car loan with less than perfect credit can be tough. And, if you are able to get a loan with bad credit, you will likely pay an extremely high interest rate. A high interest rate can cost you thousands extra over the coarse of a loan repayment. Here are a few tips on how to get the best rate possible on a car loan.

1. Get a credit report. You may think your credit is worse than it is. Buy a credit report and find out just what your credit status is. Also, you may find errors that you can correct or even old credit accounts that you can close to improve your score. Every bit helps.

2. Try dealing with banks that specialize in bad credit loans. Regular banks are likely to deny you or give you a very high rate even if your credit is only slightly less than perfect. Smaller banks that specialize in higher risk need the business more and will investigate your credit to a greater extent making it more likely that you get a better loan. These banks are likely to approve a loan even with a bankruptcy in your past if you have a job and a stable residence.

3. Shop for your loan. You should apply for a loan from more than one lender. There are many lenders you can apply to over the Internet, so it is relatively easy to apply for a loan with several banks quickly. After you fill out the forms one time, just write everything down, as the applications from other lenders will ask you nearly the exact same questions.

4. Know the real cost of the credit. Some banks will quote a low interest rate coupled with excessive fees. Somewhere in the fine print it should tell you the cost of the financing as an annual rate. Compare this number with the other quotes.

Credit Score Advice – Home Equity Loan Tips for Better Refinancing

Refinancing your house can save you money. Even with the interest rates climbing, they are still at the lowest levels in decades and now is a good time to refinance your home before the rates climb higher. Before choosing a lender to refinance your current mortgage, consider a few key factors and analyze your options. Your current interest rate, the length of time you plan to stay in your home, your credit rating, and the value of your home are all important issues to consider when looking at refinancing your house. Let’s concentrate on your credit score and how it effects refinancing.

A credit score or rating is something that every adult with a credit report has. This is commonly known as a FICO score, which is a credit score developed by Fair Isaac & Co. Credit scoring. This is a method of determining the likelihood that credit users will pay their bills. Lenders analyze your credit scores to determine whether or not to approve a home mortgage, a car purchase and nearly all other types of loans. Your credit score can have a huge impact upon your future and those with a good credit rating can look forward to a far brighter financial future than those with poor credit scores. So, how exactly is your credit score determined?

Before lending you money, creditors want to determine how much of a risk you are–in other words, how likely you are to repay the money they loan you. Credit scores help them do that, and the higher your score, the less risk they feel you’ll be. The rewards of raising your score speak directly to your wallet: You’ll qualify for more loans and be offered better interest rates. Your credit report contains a range of information relating to your financial situation, including the money you owe or have borrowed, your repayment habits, any missed or late payments, court judgments and bankruptcies, any loan applications you have made, and any loan refusals. Your credit rating can be affected adversely in many ways, and this can include missing or late payments, as well as being turned down for credit by lenders and merchants.

Credit Scoring Analyzes Five Areas of Your Credit Report

1- Your Payment History

The factor that has the biggest impact on your score is whether you have paid past credit accounts on time.

2- Amounts You Owe

Having credit accounts and owing money doesn’t mean you are a high-risk borrower. But owing a lot of money on numerous accounts can suggest that you are overextended and more likely to make some payments late or not at all.

3- Length of Your Credit History

In general, a longer credit history will increase your FICO score. Lenders want to see that you can responsibly manage your available credit over time.

4- Types of Credit Used

People today tend to have more credit and to shop for credit more frequently. But opening several credit accounts in a short period of time can represent greater risk-especially for people with short credit histories.

5- Your New Credit- Types of Credit in Use Currently

Your FICO score will reflect your mix of credit cards, retail accounts, installment loans, finance company accounts and mortgage loans. The credit mix usually won’t be a key factor in determining your score-but it will be more important if your credit report doesn’t have much other information on which to base a score.

You can improve your credit scores by taking a close look at your credit reports and charting a plan of action to improve them. As follows are a few tips to increase your credit score

Correct blatant mistakes. Your credit score is only as good as what shows up in your credit report. Review your reports from all three credit bureaus for accuracy once a year as well as several months before applying for a loan.

Pay your bills on time. This is always a good practice, and it’s especially critical that you make prompt payments close to the time you need a loan. That’s because a late or missed payment in the last few months is likely to lower your score much more than an isolated late payment five years ago.

Reduce your credit card balances. A heavily weighted factor in your FICO score is how much money you owe on your credit cards relative to your total credit limit. Generally, it’s good to keep your balances at or below 25 percent of your credit card limit, said Jeanne Kelly, founder of The Kelly Group in Brookfield, Conn., which helps clients improve their credit scores.

Pay off debt rather than moving it around. Since the ratio of your credit card balance to your credit limit is key, closing out an account and transferring the balance simply means you increase that ratio, which is likely to lower your score.

Don’t close unused credit card accounts near loan time. If you have several credit card accounts but are only using a few of them, you’ll only raise your balance-to-limit ratio if you close the unused ones. You also shouldn’t open new accounts when applying for a loan if possible.

So where do you fit in? It all depends on the loan program. Conventional loans offer the lowest rates for residential properties, but you will pay almost 1% more for mortgage insurance if you borrow more than 80% of the property value. This is to protect the lender from the risk of a low down payment.

Sub-prime loans are available for people whose credit profile won’t qualify for conventional loans, or who have special needs with regard to income qualifying, or debt ratio, or similar issues. Sub-prime loans typically run about 2% higher to 8% higher than conventional loans, depending on the credit issues in your file, and the amount you are looking to borrow. They typically run about 2 to 6 points higher in loan origination fees as well.

Hard money loans are typically available for severely impaired credit situations, or homes where the property needs rehabbing. This is the one area in real estate lending where lenders don’t care too much if they get the property back. They usually charge a stiff fee to grant the loan (10 to 15 points), the rates typically run 16% to 18% interest only for 2 to 5 years, so these lenders make sure they have a lot of protection from a default situation.

When it comes to credit score the one thing to remember is the better your score the brighter your financial future is likely to be, so it is important to keep your credit score up as high as possible.

After a Bankruptcy Has Discharged – 3 Personal Loan Tips

For most people, going through bankruptcy brings with it a mix of emotions. On the one hand, there can be a sense of disappointment at having to take such a drastic measure in order to get one’s financial life back on track. There can also be some guilt that comes from not being able to repay debtors, and even a sense of failure.

At the same time, bankruptcy can bring with it huge feeling of relief for finally being out from under all of that debt. In particular, this feeling of relief can be the strongest when you are discharged from owing money to most or all of your creditors.

Defining a Bankruptcy Discharge

A bankruptcy discharge is simply a provision within many bankruptcy arrangements whereby you, the borrower or debtor, are released from any further personal liability for certain types of debts. After your discharge, you are no longer required to repay the qualifying debts.

Furthermore, this is a permanent order, meaning that creditors and collection agencies to which the discharge applies are no longer able to seek repayment from you – including calling you, writing you or seeking legal action in order to collect outstanding debts.

Note that some types of debts – such as those with a valid lien or charge upon a specific property – will remain owed by you even after the discharge. There may be other types of debts, such as some types of student loans, for which you will remain responsible even after the bankruptcy.

The Need for Money after a Discharge

As you know, once you have been through a bankruptcy, for a period of a number of years you will not be able to quality for many types of credit or loans. However, that does not mean you will not have the need for a loan: your need for cash will still be there even after bankruptcy, of course. Fortunately, some lenders special in making personal loans to people in your situation.

If you are wondering how to get a loan after a bankruptcy has discharged, personal loan options abound. Here are 3 personal loan tips for getting funded:

1. Decide whether you want a secured or an unsecured loan:

The first decision you will need to make is whether you should take out a secured or an unsecured personal loan. The main difference is that, with an unsecured loan, you will not need to put up any collateral such as a piece of physical property or a financial instrument such as a funded savings account. However, unsecured loans understandably come with higher average interest rates than do secured ones.

2. Figure out how much you need to borrow and for how long:

Now, decide exactly how much you will need to borrow. It is worth spending some extra time to be precise on this point. After all, you will want to make sure you borrow enough to meet your current cash needs, but you will want to avoid over-borrowing as well.

3. Apply to as many lenders as you can:

Now, it is time to apply to as many bankruptcy-okay personal lenders as you can find. Start by doing an extensive online search for “bankruptcy okay personal loan” and related terms. These lenders are out there and willing to take you on as a customer. Make sure you apply to multiple (e.g., 3-5) lenders, since by doing so you greatly improve your chances of getting a low loan rate.

Consider these 3 tips as you start out on your journey to get the cash you need now, even after your bankruptcy has discharged.

Graphic Design and Photoshop Tips That Will Steer Your Business Forward

Whether you are a start up business or been in the market space for a while, the cost of doing basic graphic designs such as logo design, business card design or even corporate branding can and is usually quite expensive. A simple logo design can cost you around $300 and depending on the size of the company, corporate branding can be anything between $1000 and $10,000. Understanding some basic concepts of Photoshop in particular and graphic design in general can save you a wad of cash. If you are just starting out, the savings can come in quite handy.

As a business owner who is knowledgeable on some graphic design tips and concepts; when you decide to use external graphic design services, you are bound to actively participate in the design process with the assigned team and negotiate a favorable price deal as you are aware of the intricacies involved in the entire process.

If you are already in business or an aspiring entrepreneur it is never too late to learn a few basics in this field. Thanks to the internet, there are numerous online resources such as websites, video tutorials and eBooks readily available for those willing to spend some time and little money to gain some competitive advantage in this highly competitive market space.

Here are some graphic design tips which can be used by business owners keen on learning a few things about the profession. These tips will ensure that the learning process or actual implementation of graphic design concepts seamlessly fits into the day to day running of the business.

Fall in love with technology

An entrepreneur who wants to learn some graphic design basics or improve on the skills he or she already possesses must love technology. There are very many powerful software tools such as Photoshop that are readily available. One must develop and nurture that interest in technology so as to fully utilize or improve their skills.

Be observant and get organized

One must and should be observant and well organized. Artistic inspiration usually comes from unlikely sources and may remain invisible to people who are not observant. Transferring or implementing observations calls for a high level of both mental and physical organization; such traits will come in handy for any entrepreneur.

Be detailed and meticulous

When implementing concepts, have an eye for detail and be meticulous. Grammatical and spelling errors can injure the final product. A wrongly spelt name, or wrong color tints can drastically bring down the reputation of your firm. It is advisable to triple check and when in doubt consult or look it up elsewhere.

Get up-to -date

It is critical that you keep abreast of current developments in this profession by being constantly updated. It is advisable to sign in for newsletters, get membership to relevant professional bodies and participate in relevant discussions in various forums such as blogs, Facebook and Twitter to keep abreast of new happenings. This ensures you remain fresh and avail your thoughts or works out there for some positive critique or otherwise.

Get some formal training

It is also important for entrepreneurs keen on getting some knowledge about graphic design to be ready to get some professional or formal training on this field; self teaching may not suffice in certain instances. The graphic design field is anything but static, it is thus important for anyone interested to put in some continuing education hours and learn some skills. There are certain graphic design tips or Photoshop tricks that can only come from experience and some that can only be taught by a teacher, tutor or mentor.

Invest and spend some money

It is important to do some research on the internet and spend some little cash in getting some easy to read eBooks, Video tutorials or ready to use templates. Tools such as business card templates provide an entrepreneur with the opportunity to have their artistic flair reflected in the final product without spending too much time or resources in the process. An entrepreneur can make some adjustments on the end product to reflect the path he or she wants the end product to take.

As a business owner, designing your business logo may the first step in stamping your artistic mark in your company. What better way can you achieve this if not by coming up with a design that will remain etched in the minds of competitors and clients alike? If you are wondering how to achieve this, fret no more. A brief visit to Design a Logo in 10 Minutes will teach how to go about this in ten (10) minutes. Yes you read well, in 10 minutes you will be able to learn the basic tricks and tips on how to come up with a stunning logo. Pay the site a visit and see your thoughts come to life.

Free Money Saving Auto and Home Loan Tips

Free Auto Loan Tips

The following tips should help increase your chances of getting a car loan at a better rate.

Tip #1 – If you just started a job (recently graduated from college) then wait 6 months to apply for your car loan.

Tip #2 – If you have currently have bad credit then repair it before applying for an auto loan.

Tip #3 – If you’ve recently moved then wait until you have lived at your new address for 6 months before applying for a loan.

Tips #4 – If you have had a previous auto loan or home mortgage on your credit report then your chances for a new loan improve greatly.

Tip #5 – Try and pay off all of your credit card balances or at least lower them. You may want to consider finding the best debt consolidation loans to erase all of your credit card bills. The bottom line is don’t keep a high debt load or credit card balances.

Tip #6 – You must have a stable job or occupation.

Tip #7 – Other examples of credit extended to you should appear on your credit report. Verify this with a quick and easy online credit report. Also avoid charge off’s on your credit report.

Tip #8 – If you’ve filed bankruptcy before then you should wait 3-4 years before trying to get an auto loan.

Free Home Loan Tips

Tip #1 – Make Bi-Monthly Payments: Instead of paying your mortgage with one monthly payment switch to paying half of your loan payment every 2 weeks. The savings comes from the 26 half payments you make which add up to 13 monthly payments versus the regular 12 payments you would normally make in a year. The end result is you save a large sum of money on the interest owed and you’ll own your home a lot sooner!

Tip #2 – Choose a 15 year mortgage instead of a 30 year mortgage: You’ll end up with a higher monthly payment but in the long run you also save tens of thousands of dollars in interest charges, especially if you shop for the best home loans you can afford.

Tip #3 – Mortgage Refinancing: Currently this is the most popular trend. You refinance your mortgage if you can get a rate that is at least one percentage point lower than your existing mortgage rate and plan to keep the new mortgage for several years or more.

Tip #4 – Buy down the rate: The seller or builder, or through innovative pricing, can help you buy down your mortgage rate for one, two, or three years.

Tip #5 – Consider an adjustable-rate mortgage (ARM): If you think you will be in your house for less then 5 years then perhaps you should consider an ARM. An adjustable-rate mortgage (ARM) starts with a considerably lower interest rate, but then adjusts every year. This type of loan moves a little bit of the risk away from the lender, and the lender rewards you with a lower rate. Usually these mortgages are capped to rise not more than two percent in any year, and not more than five or six percent for the life of the loan for your protection.

2009 Success Checklist – Five Alive Tips For the New Year

Ready to get off to a successful start in the New Year? Read my tips, and I think you will be glad you did.

After my first January when my home party-plan business had a disappointing start, I have learned how to bridge the excitement of the holiday season with the launch of a successful New Year, so the momentum of the November and December is carried into a successful January and February. Over the years, I have refined these simple time-tested tips and January became a great launching pad for the success.

1. So Goes January Goes The Year!

It often is said, “So Goes January, Goes The Year!” Each New Year is filled with promise and a renewed hope that this year will be a defining year; this year we will make monumental changes to improve life for our families and ourselves. Select a motto and follow these tips to begin making your motto come true. For example:

  • Start Strong in the New Year!
  • It’s the Year To Invest in My Career!
  • Renew My Career This Year
  • 2009 will be Mine!
  • Find a Gold Mine in ’09!
  • Create your own…

Start strong by challenging yourself to book twice as many parties in January and February as you want to hold each of the other months. Make your personal booking goal to BOOK NINE IN 2009 to launch the year. Fill your planner with parties before you return from your holiday break (or shortly after returning. It’ Book extra and you will feel terrific. Determine and implement a few new consistent steps to improve your success in the new year.

2. Set Your 2009 Targets!

Figure your sales target that you need/want to achieve monthly. Break your goal into how many parties it will take monthly by dividing your sales goal by your party average to get a number of parties you need to hold each month. Build a cushion. When you book extra you will feel that much more terrific!

3. Get Ready For Success!

Set up a planning day in the next two weeks. If possible, find a business buddy and work together. (I have an annual planning day sometime after Christmas and before mid-January.) For years, a business buddy and I would get ready for success on a Saturday or Sunday afternoon. Our spouses would watch football, and munch on the typical game day food. Our children would play. We would dream, plan and prepare.

What can you do in advance to be ready for success?

  • Make up your Hostess folders.
  • Label all collateral materials with your contact information.
  • Make your call list.
  • Prepare for a mailing.
  • Clean up your Kit!
  • Purge items that you no longer need in your office.
  • Organize your files. Set up your file folders for the year.

4. Use Strategic Bonus Incentives

Reward those who help you launch your New Year. Make sure all of your previous Customers and Hostesses know what is offered to launch the year. Do not duplicate what your company offers! However you can fill in any gaps, at your expense.

You might offer a personal incentive for:

  • Filling the soonest dates you want to work.
  • Pursuing repeat business. Call back past Customers and encourage them to gather friends and family. You bring your service to them. The guests will appreciate an event to look forward to after the holidays are over.
  • Encourage multiple purchases. Suggest that your Customers stock up on items for upcoming gift-giving occasions. (Valentines Day, Easter, Birthdays)
  • Retaining the biggest spenders from last year. Call back everyone who spent over the amount of your average customer order last year. Offer an incentive for placing another order before the 15Th of month.

Does the telephone ever get heavy? Do you experience call reluctance? To help you get in the right mind set as you dial the phone, you can silently sing, “Hey big spender, spend a little time with me…at a home party.” This is a fun way to imagine success and have your voice convey your fun, upbeat attitude.

5. Have a System for Your Success.

Develop a systematic approach to your business which when followed consistently produces consistent results. Follow these Five Alive Tips and you will be ready for this to be your year to make monumental changes and move your business forward.

You will also be glad when the old adage proves true for you. “So Goes January Goes The Year!”

Search Results

Finding the right mortgage loan when purchasing a house can be very hard and frustrating. Especially, if it is your first time of taking a loan. Buying a house and taking a mortgage loan on the house is a big step for you since it involves a lot of risk. You probably don’t know what to do or where to go. Do not allow other people take advantage of you ignorance. Take the time to learn everything there is to know about mortgage loans. Here are some mortgage loan tips to guide you on what to do.

The very first step you need to take is to shop around for lending companies offering mortgage loans. You can do research in the internet or personally talk to people who are experts in the field. Check out not only three but more than six lending companies and get estimates or quotes from each company to be able to compare. Then as you get to know each company inquire about their interest rates both in fixed and adjustable, fees and services being offered. With all the needed information at hand you can now compare one company to another. Then it would be easier for you to decide.

Never allow a company to encourage you to commit fraud by claiming that the loan is intended for business use when in fact it is for personal, family or household use. A loan that is based in wrong information will never get far nor prosper.

Get to know and understand everything about the loan you are taking. You have to know why you are paying it and know the different fees you are paying for.Every detail of the loan should be familiar to you and understood by you.

Be wary of prepayment penalties. Prepayment penalties are incurred when you make advance payments for your loans. The company will obligate you to pay the lending company six months worth of interest that you just paid in advance. So in the long run you still had to pay the interest even if you have made advance payment of the loan.

Quicksand loans should be avoided at all cost. This kind of loans contain combinations of short-term, high up front fees, high rates, balloon payments, exorbitant late fees and prepayment penalties. All these could swallow all your equity and ruin your financial position.

Review everything and in details before you sign any contract. You should know what every paragraph is saying. Go for lending institutions that offers the best deal and one you are most comfortable with.

Find out what is your credit report and check for any errors in the report. A good rating on credit report helps in the early approval of your loan.

You should have an idea on what mortgage plan will work best for you. What interest rate will be sustained by your current income? Take the time to study the advantages and disadvantages of the different mortgage loan types. Educating yourself will be an advantage for you. All these mortgage loan tips will hopefully help you make sound decision that will work best for your situation.