Tag Archives: Financial services

Port St Lucie Cascades-Buy a Home or Rent

10 Jan

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Port St Lucie Cascades-Buy a Home or Rent

You don’t have to be on the verge of retirement to begin thinking about the nuts and bolts of your future living arrangements. There is more to it than just adjusting your monthly budget. For many people who are winding up their full-time working lives, a governing decision – one that will affect countless others – is whether to buy a home, continue in one you already own, or to rent.

Some retirees view shedding home ownership as a stress-reliever. If they decide to migrate — whether to a milder climate or to be closer to the grandkids — those folks are less inclined to buy a home in their new community. For others, the decision can be more emotional: many of us who have long owned our homes would be uncomfortable any other way.

If it has been years since you’ve even thought about the buy a home vs. rent decision, writing up a list of the current tradeoffs isn’t a bad idea. There are many dimensions to consider, but in the financial area, some bullet points on that list:

  • Risk    When you own your home, you control an asset that historically stands to increase in value over the long term. However, owning does involve financial risks — such as unexpected maintenance costs or insurance deductibles. Short term, market fluctuations do occur, and that can hurt if it becomes necessary to sell under time pressure. On the other hand, rents rise to cover landlord expenses — and taxes and insurance generally head in one direction: up!
  • Opportunity  When choosing whether to buy a home, rent one, buy a condo, or rent an apartment; you need to ask yourself a fundamental question: do you view your housing arrangement as an investment opportunity — or as just a line item in your cost of living? If your budget leaves some breathing room, the investment idea may look inviting. If not, tight finances might turn maintenance expenses into major hassles.
  • Bottom Line   Overall, the most important factor will always be your budget. Retirement generally means a fixed income – a lifestyle that rewards careful planning (and a sharp pencil!).About the Author:  Millie Gil has been a successful Licensed Real Estate agent for over 25 years in Florida.  Millie is Vice President of Bold Real Estate Group, an agency committed to concierge personalized service for discerning buyers, sellers and renters of residential and commercial properties.  For more information please forward your request to communityinfo@comcast.netAre you tired of scouring the newspaper and MLS listing sites looking for homes in Florida?   Tired of playing telephone tag with Realtors only to hear the home’s already sold?  Sit back, relax and let Bold Real Estate Group and our team of professional Realtors do the work for you!  Just visit our website and check off the properties yuor’re looking for.  This service is FREE and there’s no obligation!

    View thousands of listings  www.BoldRealEstateGroup.com,  www.PGAVillage-Homes.com, www.TheCascadesAtStLucieWest.com, www.Northeast-Florida-Relocation.comwww.HealthcareRelocationServices.com

Are you sure you want to do a debt consolidation

6 Sep

Are you sure you want to do a debt consolidation.   Do you have more than $10,000 in unsecured credit card debt?  Perhaps you also have more than $ 30,000 to $50,000 in secured debt such as cars, boats, recreational vehicle to name just a few. On top of that you have your mortgage payment and student loans. Are you thinking it’s time to do a debt consolidation loan?  This article will give you some ideas which may help you make your decision.

One of the most stressful events in your life and your family’s life is finding yourself buried in debt. Recent studies have shown that more than 60% of divorces filed are caused by a crippling debt situation. In many of the cases the stress has led to domestic violence or worse.

Because of these financial problems many marriage councilors have referring their clients to professional financial debt consolidation councilors. Hopefully, by doing so those couples will have a cooling off period before the final decision is made on a divorce.

One of the things a professional debt councilor will do is compile a complete analysis on every bit of your financial obligations. Your responsibility will be to ensure you provide them with every single detail about the money you owe. There is a good chance they will even want a complete breakdown of every penny you spend and where.

Don’t be surprised when your councilor keeps digging and digging until they have every scrap of information they can drag from you. Once your debt loan consolidation councilor has that, they will then do a calculation of the total debt with interest. Finally they will compare what your total repayment will be; verses a consolidation loan of all the money you owe.

In certain cases after the full evaluation of your debt problems your advisor may determine that a consolidation loan won’t do you any good. This involves taking into consideration your ability to repay all your debts, plus the accumulated interest.

This being the case your councilor may well recommend bankruptcy in lieu of loan consolidation.

However, in the event they feel you are candidates for a complete consolidation of your cash obligations, that that is when the real work starts. Either you or your councilor will contact all of your debtors to determine what the pay off amount and how long they are going to allow to you to pay it off. By doing this you will know to the penny how much of a loan you will need.

Don’t be surprised if the credit card companies offer to lower your interest rate. It’s much better for them if you don’t repay the bill in full. It also will give you a bit of an opportunity, to be able to keep the credit card, at a much lower interest rate.

If you should decide to work with the credit card companies, in lieu of consolidating your money problems, you need to do your due diligence. Make certain you have the deal they offer you in writing and you know precisely what it means. If not you could be in worse trouble than when you started.

As you can see there is much to be considered before you make the final decision about how you are going to solve your current money obligations. A debt loan consolidation may take care of it now, but what happens down the road if you haven’t learned how to control your debt responsibly.

View thousands of real estate listings:  www.Northeast-Florida-Relocation.com www.BoldRealEstateGroup.com www.NewYork-Florida-RealEstate.com www.PGAVillage-Homes.com www.TheCascadesAtStLucieWest.com  www.HealthcareRelocationServices.com

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