establish a strong history with a credit c nterest rate.

One of the biggest hurdles to buying a home is the down payment. Saving up a chunk of change can be difficult Cheap Danny Granger Jersey , so getting creative is a key.


Down Payments


The amount of your down payment is dependent upon many potential issues, but two come to the forefront. Each of these can reduce or increase the amount of cash you have to come up with for the home of your dreams.


1. Credit Score ? Generally, the better your score, the lower the down payment.


2. Price ? The selling price of the home is key because the down payment is expressed as a percentage of the home price or appraisal amount.


Either way, the down payment can amount to a serious chunk of change. For many first time buyers Cheap Ray Allen Jersey , this is a huge hurdle to overcome. They skimp and save everything they can, but saving up many thousands of dollars can take time and be frustrating. Fortunately, many first time buyers have already been saving up for their down payments, but don't realize it.


Getting Creative


The Bank of You ? The federal government looks very favorably on home ownership. This means it makes every effort to promote the real estate market through incentives and tax breaks. Once such incentive is a unique little twist built into the laws controlling 401k savings plans. The tweak in these laws allows you to?well, borrow from the bank of you.


With most 401k plans Cheap LeBron James Jersey , you have the right to borrow up to 50 percent of the vested amount of your account. If you've managed to save $50,000 over the years in your 401k, you can take a loan from the account for up to $25,000. This, of course Cheap Gerald Green Jersey , should be used for the down payment on your home. After getting into the home, you can simply pay off the 401k loan over five years or you can take out a home equity loan and repay it with that money.


In essence, you have used your 401k money to play a shell game with the down payment. In the end, this creative down payment funding strategy gets you over the down payment hurdle and into your home.

>Low Interest Credit Cards - Shopping For the Best Available

Posted by nick_niesen on October 29th, 2010


Low interest credit cards are essential tools for the frequent credit card user. Because many people cannot pay off their credit cards entirely when the bill arrives each month Cheap Mario Chalmers Jersey , enrolling in a low interest rate credit card program can help you keep your interest rate fees to a minimum. There are a variety of highly feasibly strategies available for shoppers that are in the market for low interest credit cards.


Background


Before you begin shopping for the best available low interest credit card, it is important to understand how rates are set. You probably know that all people wishing to obtain any sort of credit in the U.S. must go through a "credit check." A credit check is essentially a survey of your past credit transactions that will help to determine the degree of liability that a credit card company may have to assume if you are going to be a client. Because there are so many credit card users representing a variety of backgrounds, individuals are assigned a unique "credit score." In general, the higher your score is, the better chance you have of obtaining a low interest credit card.


Balance Transfer


While no credit card company can readily offer an interest-free card (at least for the long-term) Cheap Luol Deng Jersey , you may be able to frequently transfer your credit card balance to a company that offers so-called "cheap credit cards." Cheap credit cards are, essentially, credit cards that offer a limited-time-only promotion whereby individuals that enroll to receive a special low interest credit card will benefit from a 0% interest for a pre-determined amount of time. Buyers: beware. Often, when a company offers a 0% introductory rate, they make up for the generosity by drastically increasing the rate once the trial period has expired. For this reason Cheap Josh McRoberts Jersey , many individuals that use these cheap credit cards frequently migrate their balances from one low interest credit card provider to the next.


Be a Long-term Client


While migrating your balance from one company offering cheap credit cards to the next may seem like a strategic move, the frequent moving actually has a negative long-term effect on your credit score. Each time you open and close a credit card account, your credit score is threatened. The more you open and close the less stable you will appear. Therefore, your credit score will necessarily be lowered. However, there is hope for long-term clients wishing to obtain a low interest credit card. No matter how low or high your interest rate is when you initially enroll in a program Cheap Chris Bosh Jersey , if you can establish a strong history with a credit card company, you will be in a good position to negotiate a low interest rate.


Shop Around


It may seem intuitive, but many credit card users neglect to shop around for the best rates. Instead, they sign up with whichever low interest credit card company that offers an appealing rate on the direct mail campaign. However, with a little research Cheap Dion Waiters Jersey , you will likely find that there is a huge disparity between the rates that various credit card companies are prepared to offer. Also, if you are a member of any professional organization, you may qualify for an additional discount on the interest rate. Do your research; you will find that education will be your finest asset when selecting a low interest rate credit card.


Everyone wants to shop using a low interest credit card. No matter how affluent you are, many people bulk at the idea of paying high interest rates month after month. Regardless of your existing credit score, if you combine strategy and research Cheap Kelly Olynyk Jersey , you can certainly find a slew of low interest credit cards that will make your purchasing experience much more pleasurable. Remember: cheap credit cards not only soothe any shopper's conscious, but they allow shoppers to retain some extra cash that they can put towards more important purchases. Replica Jerseys From China Replica Jerseys Free Shipping Replica Jerseys Online Cheap Fake Soccer Jerseys Cheap Fake Jerseys Replica Cheap Fake NHL Jerseys Online Cheap Fake College Jerseys Cheap Fake MLB Jerseys Sale Cheap Fake Soccer Jerseys Sale Cheap Fake NFL Jerseys Online