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A Guide to UK Buy to Let Mortgages
Essentially there is little difference between the process that one follows for a buy to let mortgage in the UK than there is for any other type of mortgage. The lender still has to consider your credit worthiness, the value of the property, how...
Family-eStore.com and Swan Manufacturing a win-win for our country
Family-eStore.com, a prominent website that has gained
popularity in the last few years, recently negotiated with Swan
Manufacturing Company to offer its unique product line on the
Family-eStore.com that is primarily Christian gift and...
Fundamentals of Selling A Business - Negotiating and Closing the Deal
Fundamentals of Selling A Business - Negotiating and Closing the Deal Prior to negotiating the deal, you must establish clear and achievable goals. Ten practical tips for successful negotiations are as follows: Focus on goals. Do not expect to...
Starting your own small business
Starting your own business is quite easy. It is challenging. You must organized your thoughts and steps to make your success. Think of your everyday life. If your hobby is writing articles then create a publishing business or create your own book...
Things To Consider Before Buying a Condo Hotel or Resort Residence
Resort home ownership, such as condo hotels and fractional shares is different from typical home ownership. So it is important to ask certain questions before signing the purchase agreement on a resort property. The following list of questions...
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When is the best time to lock in interest rates?
I always advise my clients to lock in their interest rate at the
earliest opportunity. Gambling with a client's interest rate is
never advisable. In my business, I have a standardized system in
place that we adhere to for all of our clientele.
A mortgage loan cannot be closed without locking in a rate, and
there are three main elements to take into consideration:
* Interest Rate * Points * Length of the lock
Locking in on a rate does not obligate the client to commit to
the loan until the loan is actually closed. The lock simply
eliminates any risk of the borrower being exposed to market
volatility. It provides the security of having time to complete
the mortgage and Real Estate transactions with some sense of
order. The lender must disburse funds to complete the
transaction within the rate-lock period, or else the original
commitment to provide a loan at a certain interest rate will
expire.
When a lender permits an extended lock-in period, the borrower
will usually see either a higher interest rate or more points
associated with the loan. The lender does this to minimize their
own exposure to market volatility; hence the borrower pays for
the lender to take on this risk.
For example, a 30-day rate lock commitment may cost the consumer
one-half point, while a 60-day rate lock commitment could cost 1
full point. If the borrower needed an extended lock period, but
did not want to pay points, the lender could make up the
difference in the interest rate. In this case, typically, a
60-day lock would have a higher interest rate than a 30-day
lock.
In my business,
our standard procedure is to lock in a rate as
quickly as possible once we have received the loan application.
My team and I let our clients know that while interest rates
fluctuate daily, most lenders do not want to lose any business.
We know that in many cases, if there is a significant rally in
the market that causes interest rates to drop .25% or more, we
can ask the lender to renegotiate the rate. or understand that
we will take the loan to another lender. Often the lender allows
for a renegotiation of the rate to avoid losing the loan to
another lender.
If we allow our clients to sit on the fence and not lock in a
rate quickly, we would leave them exposed to market volatility.
Then, if rates do increase, the borrower may be unable to
qualify for the loan they want, which is a situation we try to
avoid at all costs.
By knowing our clients' needs and working intimately with them
to make the right decisions, my team and I are proud to say that
we have many clients who are raving fans.
Professional Strategies to make Realtors more successful.
Publisher's Directions: This article may be freely distributed
so long as the copyright, author's information, disclaimer, and
an active link (where possible) are included. The author will
not be held responsible for any claim, loss, damage or
inconvenience caused as a result of any information within these
pages or any information accessed through this site.
About the author:
Steve Hoogenakker ATM Mortgage - MrHomeLoan Phone: 763-213-2410
Fax: 763-546-1812 steve@MrHomeLoan.com http://www.MrHomeLoan.com
LoanToolbox www.loantoolbox.com
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Negotiation - Wikipedia, the free encyclopedia |
The first step in negotiation is to determine whether the situation is in fact a negotiation ... The book's approach, referred to as Principled Negotiation, ... |
en.wikipedia.org |
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Negotiation Seminars Negotiation Training Negotiations Consultants ... |
Negotiation and alternative dispute resolution seminars, negotiation training and video presentations with available keynote speakers. |
www.negotiation.com |
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Program on Negotiation at Harvard Law School |
Negotiation training, research, and publications from the world's foremost authority on negotiation and dispute resolution. |
www.pon.harvard.edu |
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PON: Harvard Negotiations Project |
Please visit the Harvard Negotiation Project website for complete information and ... The Harvard Negotiation Project's mission is to improve the theory, ... |
www.pon.harvard.edu |
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The Negotiation Skills Company, Inc. |
www.negotiationskills.com/ - 3k - Cached - Similar pages |
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Global Trade Negotiations Home Page |
The Global Trade Negotiations Home Page at the Center for International Development at Harvard University - a centralized information resource on global ... |
www.cid.harvard.edu |
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Principled Negotiation |
Principled negotiation is the name given to the interest-based approach to negotiation set out in the best-known conflict resolution book, Getting to Yes, ... |
www.colorado.edu |
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Salary Negotiation and Job Offer Tutorial |
Job-seekers: Learn the basics (and advanced techniques) of the art and strategy of salary negotiation (getting the salary you want) in this tutorial. |
www.quintcareers.com |
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Salary Negotiation and Job Offer Tutorial -- Map of the Tutorial |
Site map to an expert (and free) tutorial on the art and strategy of salary and job offer negotiation. A guide to assist every job-seeker with salaries. |
www.quintcareers.com |
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Win-Win Negotiation - How to reach a fair compromise - Negotiating ... |
This article and free worksheet help you negotiate fair compromises with people whose goodwill you need. It highlights the importance of good negotiation ... |
www.mindtools.com |
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negotiation journal |
www.springerlink.com/link.asp?id=102591 - Similar pages |
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Apache Content Negotiation |
Apache's support for content negotiation has been updated to meet the ... Apache 1.2 supports 'server driven' content negotiation, as defined in the ... |
httpd.apache.org |
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JobStar--Salary Negotiation Strategies |
JobStar is a public library sponsored guide to information for the job search. Sections useful for California are: 1500 job hotlines, calendar of job and ... |
jobstar.org |
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Eric C. Gould's Negotiation Site |
Subscribe to newsletter with negotiating tips and techniques. |
www.batna.com |
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free negotiation training for sales, debt, contract, salary ... |
Free negotiation skills training for sales, contracts, debt, salary and contracts, negotiating with creditors, negotiation skills and techniques, ... |
www.businessballs.com |
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Monster.com: The Negotiation Coach |
Salary Negotiation Advice from HR Managers · Negotiating Your Future Salary Today · Overlooking Their Interests -- A Big Mistake in Salary Negotiations ... |
midcareer.monster.com |
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Negotiation Articles |
Negotiation articles for the busy entrepreneur written by a diverse group of experts, speakers, professionals, consultants, and marketing companies. |
www.pertinent.com |
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CareerJournal | Negotiating Tips - Salary Negotiation Tips ... |
Salary Negotiation Tips - When it's time to negotiate salary changes, trust Career Journal to give you the best and most current career salary information. |
www.careerjournal.com |
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PON Clearinghouse |
Welcome to the Program on Negotiation Clearinghouse, a resource center for people interested in learning and teaching about negotiation and alternative ... |
www.pon.org |
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:: Negotiations Affairs Department :: |
Information on the issues, history, developments and positions regarding Palestinian-Israeli peace negotiations. |
www.nad-plo.org |
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