Robin V. Wish - Real Living Suburban Lifestyle Real Estate



Posted by Robin V. Wish on 11/6/2017

If there's one thing more stressful than moving it's moving over long distances. Moving far away often means new jobs, new friends, and a new way of life. It's a big change that doesn't need to be made any more difficult by a complicated moving process. In this article, we'll cover some ways to prepare yourself for a long distance move so that you can rest easy knowing you're ready for this new chapter of your life.

A new home, a new lifestyle

If you're moving across the country you probably don't know where to begin when it comes to preparing yourself. A good place to start is with the basics of daily life. Ask yourself these questions before you start packing:
  • Do I have the right clothes? You don't need a whole new wardrobe before you move, but you don't want to brave a Northeast winter with just a sweatshirt either.
  • What can I get rid of? Think about all of the items you have and how much you use them. If you haven't used something in a year there's a good chance it's not worth hauling across the country.
  • How much space will I have? If you're moving into a house bigger than the one you have now you might not need to part with many bulky items. If not, consider having a yard sale before you move.
  • Do I know enough about where I'm moving?  When moving to a new place, you'll want to know where the closest hospitals, gas stations, and grocery stores are. Explore Google Maps and websites for the area you're moving to to get to know the place beforehand. Write down important addresses and telephone numbers.

Create a timeline

With all of the changes that are about to happen in your life, odds are you'll get overwhelmed with many of the details of moving. Create a moving timeline, whether it's in an app on your smartphone or on a piece of paper. On this timeline, write in dates you'll need to accomplish certain items by. Here are some sample items for your timeline:
  • Pick a move-in/move-out date by today
  • Choose a moving company by today
  • Sell or donate unwanted items by today
  • Sign paperwork and exchange keys today
  • Donate clothes by today
  • Going away party by today
  • Pack up office by today
  • Pack up living room by today

Packing your belongings

When packing for a long distance move there is more pressure to do it right and not forget anything. Follow these packing tips to ensure a safe travel:
  • Take inventory. Use an app that helps you categorize your belongings. Check off important items as they're packed and cross them off as they're unpacked at your new home.
  • Pack one room at a time. This will help you keep everything together and ensure you don't forget anything. It will make unpacking much easier.
  • Don't forget to label all your boxes. Keep that Sharpie in your back pocket at all times.
  • Communicate. Make sure everyone who is moving with you and helping you move are all on the same page when it comes to packing so that no details are overlooked.
  • Use extra padding. A longer drive means more opportunities for something to get broken along the way. Pack boxes full and put fragile items on the bottom of the truck.




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Posted by Robin V. Wish on 10/31/2016

At a glance, buying a home seems like a daunting and complicated process. If it's your first time buying a home you're probably hearing a lot of terms that don't mean much to you like "rate commitment," "prequalify," and an array of acronyms that no one has ever really explained like APR and ARM. What many first time homebuyers don't realize is that the mortgage application process is relatively straightforward. It's a way for lenders to determine if they will lend money to the homebuyer. The lender will require some documentation on your part and you'll want to do your homework when it comes to choosing the right mortgage for you, but if you're confused about where to begin, here's everything you need to know about the home mortgage application process.

Gather your documents

Each lender will be slightly different when it comes to what records and documents they require from you. In general, lenders will require two years of work history, proof of income, and tax papers. They will also ask for your permission to run a credit check. Some things you should bring when applying for a mortgage include:
  • Your most recent pay stubs (at least two)
  • Your most recent W-2 forms
  • Completed tax returns
  • Bank statements
  • Gift letters
  • Debt - credit cards, student loans, etc.

Filling out the application

The actual application for the mortgage is pretty simple. Be expected to provide your personal and marital information, as well as your social security number. When you apply for a loan you'll also be determining if you're applying singly or with another person, such as a spouse. Some people apply jointly to seek a higher loan amount. However, you should be aware that if this is your plan of action the lender will require income and credit information from both of you. Keep in mind that it isn't easy to remove one person from a home loan once the contract is signed, so you should make certain of this decision before applying jointly.

Locked-in interest rates

It won't come as a surprise to you that, like in other industries, interest rates on mortgages fluctuate. For this reason, many home buyers attempt to "lock-in" their interest rate, meaning the lender is no longer allowed to change the interest rate after signing. The benefit of locking in your interest is that it can avoid having your interest rate raised before you sign on the home. The disadvantage is that since rates fluctuate, you could miss out on a lower one. This is also the difference between APR (annual percentage rating) and ARM (adjustable rate mortgage). With an APR, the cost of borrowing money (interest) is fixed. For an ARM, the interest rate can increase, decrease, or stay the same at different points in the repayment process.

Refinancing

Your financial situation is bound to fluctuate throughout your life, hopefully for the better. At some point down the road, it might make sense to refinance on your mortgage. Essentially this means you are agreeing to change the details of the mortgage to either accept a different interest rate or to alter the length of the loan term. Refinancing usually involves fees, however, so you don't want to rely on it too heavily as a fallback.







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