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       *** TRAVEL NEWS ***
               

If you are in the United States you should be aware of certain Travel Advisories which are given to citizens who choose to travel abroad. These advisories can affect you and may even change your travel plans. So before you go to the airport you should always check to see if your destination country is on the List of the United States Government Travel Advisories.

For more information: Check out the link below which will send you to the US Governments official website for the
latest information which includes the COVID-19 Virus travel restrictions.


https://travel.state.gov


HOW TO PAY LESS FOR FLIGHTS


1. Buy your tickets online
Buying your tickets online will actually help you save more money than buying at the airport or at an agent. Services like Google Flights or others which can be found by a simple online search.

2. Join Frequent flyers
Frequent flyer programs have a lot of benefits and some can offer discounts on future tickets after building up miles, and others may even offer free flights!

3. Not All Sales are Lowest prices
Sometimes a flight ticket may be on sale, but that doesn't necessarily mean that it is a bargain for you. Always keep this in mind because that sale could end up costing you more than other deals!

4. Check For Hidden Fees
Always check other fees for tickets that may not be listed at first sight of the price. Make sure to be aware of the price of the ticket at all times and this can be avoided. Many hidden fees are luggage or even meals.

5. Compare Ticket Prices
If you are shopping online, there are various sites you can use to compare prices for different venders of tickets.

6. Choose The Right airline
Make sure when traveling on a budget to go with the airline that is the most comfortable to your budget. Even though it may not be as popular as others, they all get you to your destination!

7. Select an  Off-Hours flight
When shopping for tickets, try to buy tickets that have flights early in the morning or late at night if you can. Sometimes these tickets can save you a bundle!

8. Buy tickets months In Advance
Try to plan your trips, if possible, months in advance to save a lot more in the long run. Sometimes, depending on where you travel, this little tip can end up saving you hundreds on your tickets.

9. Find Vacation Packages
When planning your vacations, try to purchase trip packages as they can end up saving you a ton of money in the long run. If you have the time, compare a package with the costs of buying everything separate.

10. Different Types Of Flights Help You Save
Sometimes it would be wiser if possible to purchase a flight that maybe has one stop before it reaches its final destination, instead of doing a non-stop flight. This can end up helping you save and you can even enjoy the different merchandise at the airport you stop at before your flight continues.





              WHISTLER SKI RESORT 
     AMERICA'S BEST SKI DESTINATIONS


Located in the town of Whistler in British Columbia, Canada - Whistler's Ski resort  has almost 10,000 acres of ski terrain and is one of North America's most popular ski destinations....read more


  REFINANCING YOUR MORTGAGE
         CAN SAVE YOU MONEY


Interested in refinancing home mortgage loans but not sure it makes financial sense? Learn how to crunch the numbers and make an informed financial decision rather than playing an expensive guessing game with these simple steps.

A lower interest rate can save you money each month on your mortgage and can save you thousands over the life of the loan. Is it possible to lower your debt and reduce monthly payments by taking out a new loan? Surprisingly the answer is often "yes". Learn how to get a lower interest rate by refinancing without breaking the bank.

How Refinancing Works
Refinancing basically involves taking out a new loan which is used to pay off the prior mortgage. To put it another way, the new mortgage replaces the old one. This is especially helpful when interest rates have dropped since it allows homeowners to pay off older mortgages with a high interest rate in exchange for a new mortgage with a lower interest rate.

Getting a Lower Interest
To demonstrate how effective it is to lower your interest rate by refinancing, consider an example of a buyer who purchased a home for $210,000 in 2001. The original mortgage was $200,000 for a 30 year term with a fixed interest rate of 7 percent and monthly mortgage payment of $1330. Since the original down payment was only 5 percent or $10,000 plus closing costs, they also had to pay PMI or Private Mortgage Insurance of $125 per month.

Now that mortgage rates have dropped to 5 percent or even less, the homeowner is contemplating a refinance. The current balance on the home is $180,000 and the value of the home is appraised at $260,000. Since the home has 20 percent equity and the homeowner does not intend to take cash out at closing, they will automatically save $125 per month in PMI. By refinancing at a lower interest rate of 5 percent fixed for 30 years the new mortgage payment will be approximately $965 per month ...a savings of nearly $400 plus the PMI of $125 for a total monthly savings of over $500 per month. 

               
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          WHAT TO KNOW
  BEFORE YOU BUY A HOUSE



Most buyers conduct a lot of research online before ever stepping foot in a home. Buyers spend an average of 6 to 8 weeks, according to the National Association of REALTORS, trying to figure out where they want to live. But once the neighborhood is selected, most buyers end up buying a home after 2 or 3 home tours.

Figure out what you can afford before you look. Get pre-approved for a home loan before your home search so that you don’t waste time on those that you can’t afford. Scour your credit history and resolve any black marks before applying for a home loan.

Homes typically should cost about two and a half times your salary as a rule of thumb, although you also must consider your monthly expenses and what you want to save. Because you will be responsible for unforeseen repairs and property taxes, a healthy amount of savings can come in handy.

Beware of mortgage brokers who are a little too fast and loose with approving you. If you qualify, you may be able to make a down payment as low as 3 percent interest. Paying down “points” is good for those living in a home for three to five years, as it takes a dent out of the interest rate as you pay a portion of the interest at closing.


              
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HOW MORTGAGE RATES ARE DECIDED

In deciding mortgage rates mortgage lenders don't have prospective homebuyers' best interests at heart. Loans, after all, are products and mortgage lenders are salespeople pushing those products, whether they're right for a specific homebuyer or not. Lenders typically earn a one percent commission on each mortgage or mortgage refinancing they successfully process as well as additional points, called overages, if they can convince homebuyers to go with a loan higher than average current mortgage rates.

It's not unheard of for unscrupulous lenders to delay processing a loan if current mortgage rates are rising and the end of a 60-day interest lock-in rate is fast approaching. While mortgage brokers themselves aren't directly regulated by a federal agency, the Federal Trade Commission has taken action in the past against companies routinely engaging in this questionable practice.

Lenders use APRs (Annual Percentage Rates) when they promote mortgages or mortgage refinancing in order to give prospective homeowners an accurate estimation of the loan's annual cost to them.

However, every lender calculates the APR in a slightly different way. One lender may include application fees in the APR calculations, while another lender may not. Additionally, APRs differ according to the size of the loan, whether interest will be assessed at a fixed or variable rate, and insurance required. Homeowners may end up paying different amounts on two loans both advertised at an APR of 3.5 percent.

Mortgage rates have a tendency to get lifted on Friday regardless of whether the market calls for it or not. Avoid locking your rates on any Friday. Mortgage rates are loosely tied to other fixed rate investments like Treasury bonds. US Treasury bonds are believed by the markets to be “as good as gold” or risk free to say it another way. So when investor fear putting their money anywhere else (ie. stocks, commodities, etc.) yet still want to earn a return however meager, they buy Treasury bonds.

If the demand for bonds is high, the rate the bond pays drops. If the rate bonds pay drops, so does the rate mortgage backed securities pay…and even thought it’s not quite that simple, mortgage rates come down.

The reason Friday seems to be a day the bankers “forget” the market is because they don’t know what the weekend will bring. If there is “good” economic news made over the weekend like a good jobs report or exports are up, investor will want to dump the bonds and move to stocks or commodities. This will mean rates will have to be raised and it’s seems they all think that it is better protection if they do that on the previous Friday.

Say we turn on the news to find out that there is an oil spill, tsunami, or earthquake that just occurred. This will impact mortgage rates almost immediately.

What will happen as you’ve probably already guessed is rates will improve. When investor move their money out of risky investments and into US Treasury bonds this is call a “flight to quality” or a “flight to safety”. Look for any big negative news story to trigger a flight to quality and take advantage if you can. Many investor like to wait out the negative events by sitting on the sidelines…and moving their funds from stocks to bonds is how they do that.

Locking before versus after a “flight to quality” could be costly. I’ve seen a half a percent in the rate difference in the past. Nobody likes disasters but you will have this mortgage for many years and a .5% rate drop could save you $10,000′s in needless interest if you simply stay abreast of current events and know the trends.

So if you get an urgent phone call from your loan officer begging you to lock in a rate right now, click over to Bloomberg or CNBC and find out what the stock market is doing. You may find more often then not, stocks are on the upswing. He maybe trying to get you to lock the worst possible time.

On the flip side, if you tune into the stock market (which you should be doing daily if you have an unlocked loan in process) keep your eye out for the opposite occurring. Say the DOW is falling like a rock your loan officer will not call you! You will have to call him.
more on rates




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