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How Not To Go Broke In Your Golden Years

How Not To Go Broke In Your Golden Years | Houston We Buy Houses

Cash, funds, resources, green backs – however you call it, money is the answer to everything. It is the key to anything, to every material thing that has ever existed in this planet. But like all things that come to an end, money isn’t unlimited like water in the ocean.

There is a limit to how much one can spend in a day, throughout the week, in a year, or over the course of one’s lifetime. This limit depends on the amount of cashflow an individual is earning or saving for current and future use. What happens then when one man’s needs exceed the money he has earned?

Houston we buy housesStatistics show that men are more likely to shop on Black Friday than women, with men spending an average of 3% more. Statistically, age also factors into holiday spending with those in the 50 to 65 year bracket spending nearly 75% more than those aged 18 to 25,” says Janet Fowler in an Investopedia post.

The statistics actually make sense considering that older people are more financially established and have savings that could support them throughout their retirement age. In Houston, we buy houses from homeowners who are about to move to smaller houses in preparation for their retirement. Now let’s talk about how not to go broke during these prime years.

How To Plan For Your Future Wisely

Don’t Dress To Impress

Having a new pair of shoes or a new tie or the latest style of overcoat to show off how successful you are isn’t really necessary. Being fashionable is not a sin, but overspending to the point of maximizing your credit card to sustain your fashion sense just isn’t practical.

The same principle applies to every little thing you purchase for the sake of showing off. If you don’t need it, don’t buy it. If you have no use for it, sell it. You’re hitting two birds with one stone – decluttering while earning extra cash.

Learn To Say No

If a colleague invites you to join them for a gathering this Friday at a restaurant famous for its good food and pricey menu, learn to say no. When the only spare money you have is for bills due in a week, learn to say no. When your next paycheck is just enough to get you by until the next payday, with only a few hundred dollars to spare for pampering and small indulgences, say no to bigger expenditures.

If you can’t curtail overspending, you’ll get behind on payments, bills would pile up, and you might end up in huge debt.

Diversify Your Investments

Like most working professionals, taking an interest in investing is a way to multiply the amount of resources that you currently have. Instead of putting all your money in one place, break it down and invest in several markets and sectors. This way, if the market or business fails, you do not lose all your money.

There are more ways not to get behind on your payments and obligations, and stay clear of getting buried under huge debt. Educate yourself about these practical ways you can ensure you meet your budget now, and still have money growing for your future, so you wouldn’t end up contacting a company as a last resort to settle your debts.

Our team of professionals at SellAnyHouse.com has been in the real estate market for more than 10 years. We buy houses Houston and have helped people get out from under overwhelming unpaid bills and enormous debt. We offer a free consultation to anyone who is struggling with impending issues due to mismanaged finances. If you wish to talk to one of our real estate consultants for an expert advice, contact us right away!

You may find our simple and fast processing relatively helpful when facing a financial crisis. In Houston, we buy houses to promote positivity and financial relief.

By | 2017-04-07T13:09:23+00:00 April 8th, 2017|Behind on Payments, Sell Your House Fast|0 Comments

Managing Your Mortgage Terms | Sell A Houston Home Fast

Managing Your Mortgage Terms | Sell A Houston Home Fast

Before you enter into an agreement to finance the purchase of your new house, you must take into consideration the terms included in the agreement. Nobody wants to end up with a bad mortgage later on whenever unforeseen circumstances come your way.

Entering into an unfavorable mortgage may jeapordize your ownership. Doing so can mean that you will need to look into how to sell a houston home fast.

In a distribution table presented by Matthew Frankel, it shows that 36% of American household had an average debt of $168,614 by the fourth quarter of 2015. That’s a projected 48.9 million household with a burdensome debt.

Although it isn’t necessarily a bad mortgage debt that make up the numbers,  there are households experiencing financial concerns due to payment terms that have gone from a sparkly start to a blurry in-between agreements. Learn how to avoid ending up with a bad payment plan.

Avoiding A Risky Mortgage Agreement

home buyers houstonBy understanding the agreement terms that may cause financial constraints on you, avoiding these type of settlement agreements could save you from experiencing one. It is important to know what to expect and learn the things that most lenders may choose not to include in their agreement clause.

The 40-Year Fixed Mortgage

Similar to a 30-year fixed mortgage loan, this type of financing assistance allows homeowners 10 more years to pay. The monthly payment will be the same for the next 40 years. However, the breakdown of how much goes to the principal and interest will change throughout the repayment period.

The majority of the payment for the earlier years will cover the interest fee while the principal amount will be paid off towards the end of the agreement.

The disadvantages are:

– You may be paying more on interest than the principal amount.

– Building equity is slow because most of the monthly dues go to interest first.

– Not all lenders offer a 40-year fixed loan.

– Families often refinance or sell their homes after a number of years, therefore forfeiting the purpose of this plan.

Adjustable Rate Mortgage

Adjustable Rate Mortgage (ARM) has a fixed interest rate for a short initial term ranging from 6 months to 10 years before an adjustment on the interest can be made. The initial interest is called a teaser rate, which is lower than a 15 or 30-year fixed loan. The rate is adjusted periodically, could be once a year or every six months.

The disadvantages:

– The periodical adjustment might be a concern if you plan to stay longer.

– A lower initial monthly payment could mean higher monthly dues after the adjustment.

– Interest rates may increase significantly.

Interest-Only Mortgage

With this repayment plan, the borrower only pays the interest for the first 5-10 years, which is beneficial because it is usually offers low monthly dues while interest is being paid off. Most homeowners who plan to settle down for a shorter period of time see this as great opportunity to save.

The disadvantages:

– Higher monthly payment might be too expensive after the interest is paid off

– Little to none equity makes refinancing impossible.

– You end up paying more interest compared to a conventional mortgage.

By understanding the repayment terms and by knowing what you will be paying in the coming years, you have the chance to weigh both sides of the coin before deciding which term will work for you. In Houston, sell my house fast is becoming a trend for owners who might have issues with their property.

Yet this only applies to families who are about to buy their house through a financial loan. What if the property is already yours and is now facing a bad repayment plan, one you can no longer afford with your current cashflow? What if their has been an unfortunate incident leaving the bread-winner with a disability? What if even with the housing assistance offered by the government, the property is way below the “underwater” status?

This is where SellAnyHouse.com can help you. In Houston, we buy houses as-is, irregardless of its condition, location, or home value. We always take into consideration the financial difficulties every homeowner is experiencing whenever they choose to sell a house fast in Houston.

Get in touch with the best Houston sell house fast company that prioritizes providing practical housing solution before anything else. We only offer help without asking for a closing or transaction fee. Let us know when you are ready to sell my Houston home fast!

 

By | 2017-03-16T18:28:14+00:00 March 13th, 2017|Sell Your House Fast|0 Comments

Dealing With Disability | The Best Ways To Face Disability

Disability Claims

The Best Ways To Face Disability

In our lifetime, getting injured and becoming ill can happen several times. Work related injuries and illnesses are covered by the company’s health insurance, so one just needs to worry about recuperating and returning healthy again.

According to the Bureau of Labor Statistics, a total of 4,836 workers died from a work-related injury in the U.S. in 2015, the highest since 2008. Nearly 20 percent of fatally-injured workers were employed in the private construction industry.

However, for injuries that are non-work related, the injured person must shoulder all the expenses of getting treated, the in between medication, and the after care. This is where filing for a disability claim will come in.

The Application Process

Houston sell house fastThe Social Security Administration (SSA) handles numerous disability claims each year, the claimants vary from young adults to old age. They provide benefits to people who can’t work because of a medical condition that could last more than a year or may result to death.

Find out who can apply for a claim from the official website of SSA. Here’s a list of qualified claimants:

  1. Are age 18 or older;
  2. Are not currently receiving benefits on your own Social Security record;
  3. Are unable to work because of a medical condition that is expected to last at least 12 months or result in death: and
  4. Have not been denied disability benefits in the last 60 days. If your application was recently denied for medical reasons, the Internet Appeal is a starting point to request a review of the medical determination we made.

And here is what you will be needing when applying for a claim:

  1. Print and review the Adult Disability Checklist. It will help you gather the information you need to complete the application.
  2. Complete the Disability Benefit Application.

Also, here is a list of documents you need to provide along with your application form:

  1. Birth certificate or other proof of birth
  2. Proof of U.S. citizenship or lawful alien status if you were not born in the United States
  3. U.S. military discharge paper(s) if you had military service before 1968
  4. W-2 forms(s) and/or self-employment tax returns for last year
  5. Medical evidence already in your possession. This includes medical records, doctors’ reports, and recent test results
  6. Award letters, pay stubs, settlement agreements or other proof of any temporary or permanent workers’ compensation-type benefits you received

But the SSA isn’t the only body you can run to when in need of a financial assistance due to a non-work related injury. There are other means to get yourself covered when unfortunate incidents occur.

The Disability Insurance

It isn’t just the government that can help you with your disability claims. There private sectors such as insurance companies that provides short-term and long-term coverage. And some companies have a disability insurance for all employees that basically works the same way.

Insurance Assistance Programs

A well-developed insurance assistance program for employees will motivate them to recover faster from their injuries so they can go back to work right away. In this program, some premium benefits are extended to the immediate family of the employee, which then insures security for the entire family.

Some assistance programs include counseling, parenting and information services, child and elder care, and so much more. Your company should invest in an insurance firm that offers more benefits for the employees.

Short-term State Disability Insurance (SDI)

Several states are providing short-term benefits for eligible state workers who are unable to work due to non-work related illness, injury or pregnancy. Some state insurance programs include a paid family leave where workers are given some time off to take care of a sick child, spouse, parent, parent-in-law, or a sibling.

A good example of SDI is the existing California SDI. Read it to find out more.

Dealing With Disability | We Buy Houses With Quick Cash

A Change In Lifestyle

If your injury or illness, or the disability of a member in the family requires a downgrade in your lifestyle, or if your current home is considered a bad neighborhood for the recovery of your health; let Sell Any House take care of the property you need to let go.

We have been with many homeowners in difficult situations who have been questioning “how to sell my house fast in Houston” in which we have taken immediate action to resolve their issues. Our strategic solutions are often patterned to meet the needs of our clients.

We can help you, contact us right away!

By | 2017-03-16T21:06:37+00:00 February 17th, 2017|Disability|0 Comments