Mortgages - Is Buy to Let a Dream or a Nightmare?


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Financing a Farm Business and Farm Loans

The most important and difficult part in farm mortgage shopping is to compare the farm loans of different lenders.
To understand better you have to know that the farm mortgage contains more than interest rates like quoted rate, points and closing costs.

Now you have to understand each part, so the points equals the percents of the farm loan amount. These percents are used to make a higher rate of the farm loan. You will notice that you are able to choose a large mass of points and rates for only one loan product.

So, the best solution when comparing different lenders is to compare the associate points. The final amount of the farm loan consists almost everything, title, farm loan related fees, escrow fees.

One other thing when building a farm loan is to investigate the different lenders and compare all farm loan features like the farm mortgage insurance payments, or the requirements of credit and cash, etc.

A special attention should be paid to prepayment penalties and, of course to the availability of conversion option.

Farm Loan Success

Although, you still have to compare the lock-in period, that means the period when all the quoted points and interest rate will be guaranteed. The usually lock-in period are 30 to 60 days, but you can find some of them offering only a short period of 15 days. You have to have in mind, the longest lock-in period, the highest price of the farm loan. The lock-in period should cover enough time to allow for settlement.

One final thing good to know is to compare the interest rates of the same day, because these kind of rates are changing daily. So, the best way to compare farm loans from different lenders is to compare farm loan products of the same type. It really doesn't make sense to chose from different types of farm loans program.

There are still some fees you have to pay in connection with the farm loan, these fees usual containing the farm mortgage insurance, the tax services, the wire transfer or any other fees given by the lenders. A good fact is that these fees can include discounts based on points, so the higher the number of points, the higher discount of the total fee.

The pulse for green homes has increased dramatically in the last year. From a low whisper to a roaring engine, green is growing, and it's much more than a trend. With rising energy prices in 2006 to wide spread climate awareness, home buyers are looking to be eco-friendly at home. Green homes are defined as those that have lower than historic levels of environmental impact. Here are some tips on going green.

-Some ways that you can make your home more green: Use building materials from recycled products. Install low-flow shower heads and water saving toilets. Buy lumber that doesn't come from old-growth timber. Use high-efficiency windows that feature double panes with low-E coatings. Utilize paints and carpets with no or low odor ratings. Recycling building debris.

-Research renewable energy sources that cut reliance on fossil fuels. Solar panels, thermal and wind technology have come along way in the last couple of years.

New York, New Jersey, Maryland, and Oregon offer green building tax credits are among many states and municipalities that offer incentives to those involved in going green.

Green communities feature: mass transit, community infrastructure that reduces miles traveled, local health and social services, walk-able options for recreation and shopping needs, and accessible bike paths.

Lifestyles of the health and sustainability consumer or LOHAS are a significant housing niche that are motivated by values of personal, social and environmental well-being. They form the foundation of the rise in green building.

Energy efficient mortgages(EEM) or green mortgages are available to home buyers who purchase energy efficient homes. The rational behind these mortgages is the energy savings from a green home is converted to income for the borrower. Some borrowers can qualify for a more expensive home if it is green.

Look for the LEED certification. It provides assurances that it meets guidelines by the U.S. Green Building Council. The certification is a rating system for environmental sustainability. Buildings are rated on their energy efficiency and consumption, environmentally friendly features and the use of local supplies to cut transport costs and energy use to the job site.

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