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Free Money Saving Auto and Home Loan Tips


Free Auto Loan Tips

The following tips should help increase your chances of getting a car loan at a better rate.

Tip #1 - If you just started a job (recently graduated from college) then wait 6 months to apply for your car loan.

Tip #2 - If you have currently have bad credit then repair it before applying for an auto loan.

Tip #3 - If you've recently moved then wait until you have lived at your new address for 6 months before applying for a loan.

Tips #4 - If you have had a previous auto loan or home mortgage on your credit report then your chances for a new loan improve greatly.

Tip #5 - Try and pay off all of your credit card balances or at least lower them. You may want to consider finding the best debt consolidation loans to erase all of your credit card bills. The bottom line is don't keep a high debt load or credit card balances.

Tip #6 - You must have a stable job or occupation.

Tip #7 - Other examples of credit extended to you should appear on your credit report. Verify this with a quick and easy online credit report. Also avoid charge off's on your credit report.

Tip #8 - If you've filed bankruptcy before then you should wait 3-4 years before trying to get an auto loan.

Free Home Loan Tips

Tip #1 - Make Bi-Monthly Payments: Instead of paying your mortgage with one monthly payment switch to paying half of your loan payment every 2 weeks. The savings comes from the 26 half payments you make which add up to 13 monthly payments versus the regular 12 payments you would normally make in a year. The end result is you save a large sum of money on the interest owed and you'll own your home a lot sooner!

Tip #2 - Choose a 15 year mortgage instead of a 30 year mortgage: You'll end up with a higher monthly payment but in the long run you also save tens of thousands of dollars in interest charges, especially if you shop for the best home loans you can afford.

Tip #3 - Mortgage Refinancing: Currently this is the most popular trend. You refinance your mortgage if you can get a rate that is at least one percentage point lower than your existing mortgage rate and plan to keep the new mortgage for several years or more.

Tip #4 - Buy down the rate: The seller or builder, or through innovative pricing, can help you buy down your mortgage rate for one, two, or three years.

Tip #5 - Consider an adjustable-rate mortgage (ARM): If you think you will be in your house for less then 5 years then perhaps you should consider an ARM. An adjustable-rate mortgage (ARM) starts with a considerably lower interest rate, but then adjusts every year. This type of loan moves a little bit of the risk away from the lender, and the lender rewards you with a lower rate. Usually these mortgages are capped to rise not more than two percent in any year, and not more than five or six percent for the life of the loan for your protection.

Timothy Gorman is a successful webmaster and publisher of Military-Loans-Online.com - Which provides free money saving loan quotes on all of your loan needs to include home equity loan information that you can research in your pajamas on his website.

Other websites operated by Tim

Cellular-Phone-Solutions.com - Free information and resources regarding cell phones and cell phone plans.

Best-Free-Insurance-Quotes.com which provides free insurance information and offers discount auto, life and home insurance.


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table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/3i-0fd=Rurl=http://www.24dash.com/news/Housing/2008-10-14-Number-of-first-time-buyers-slumps-to-record-lowcid=1257611967ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNHaDSBzein5Noi6LT9AybwlNlUNiQimg src=http://news.google.com/news?imgefp=6ZMhn9_CMBkJimgurl=www.24dash.com/media/image/2008/10/14/7977/180_Image_PA_first_time_buyers_RAF_base_edited.jpg width=80 height=72 alt= border=1brfont size=-224dash/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/3-0fd=Rurl=http://news.bbc.co.uk/2/hi/business/7668985.stmcid=1257611967ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNHK_OiK27Rg8V-dm_t0400p2u8WJAHome bloan/b numbers at record low/abrfont size=-1font color=#6f6f6fBBC News,nbsp;UKnbsp;-/font nobr1 hour ago/nobr/fontbrfont size=-1The number and value of home bloans/b are at their lowest levels since current records began, according to the Council of Mortgage Lenders (CML). b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/3-1fd=Rurl=http://ftadviser.com/FTAdviser/Mortgages/News/article/20081014/43666f0a-99cd-11dd-8351-00144f2af8e8/Lending-for-house-purchases-hits-sixyear-low.jspcid=1257611967ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNFADcDz7SPV7MRuwLpndy6tqoMeawLending for house purchases hits six-year low/a font size=-1 color=#6f6f6fnobrFT Adviser/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/3-2fd=Rurl=http://www.politics.co.uk/opinion-formers/press-releases/opinion-former-index/economy-and-finance/cml-lending-declines-further-in-august-%241244764%24364298.htmcid=1257611967ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNFViCyVri4CdB1PYcXkARYlnj-SawCML: Lending declines further in August/a font size=-1 color=#6f6f6fnobrPolitics.co.uk/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/3-3fd=Rurl=http://www.moneymarketing.co.uk/cgi-bin/item.cgi%3Fid%3D174844%26d%3D340%26h%3D341%26f%3D342cid=1257611967ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNFGpYiZO0NJcnfK5yuH1yVZIvl7egAugust mortgage lending down two thirds/a font size=-1 color=#6f6f6fnobrMoney Marketing/nobr/font/fontbrfont size=-1 class=pa href=http://news.google.com/news/url?sa=Tct=us/3-4fd=Rurl=http://ukpress.google.com/article/ALeqM5iQoZKY6nhFgvK96TSUr4zIHoLRfwcid=1257611967ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNF8HFRg1-qLgmsPjmRBs5a1HWU5kgnobrThe Press Association/nobr/anbsp;- a href=http://news.google.com/news/url?sa=Tct=us/3-5fd=Rurl=http://www.guardian.co.uk/money/2008/oct/14/mortgages-propertycid=1257611967ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNHOmfhC0QPUKw99kXpmCYNUJeoEfQnobrguardian.co.uk/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1257611967hl=ennobrall 124 news articles/nobr/a/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/4-0fd=Rurl=http://money.cnn.com/news/newsfeeds/articles/djf500/200810131756DOWJONESDJONLINE000661_FORTUNE5.htmcid=1256322835ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNEVTG4u26KZBjuBb_zwljfeLsUNTQUPDATE: GMAC Tightens Lending To Borrowers Of Auto bLoans/b/abrfont size=-1font color=#6f6f6fCNNMoney.comnbsp;-/font nobr12 hours ago/nobr/fontbrfont size=-1The lending unit will extend auto bloans/b to borrowers with a credit score of 700 or higher. In addition, it will scale back longer-term bloans/b, b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/4-1fd=Rurl=http://www.youtube.com/watch%3Fv%3DkA7qghheIIQcid=1256322835ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNEC1TTNm4btLzJXFyLicWdP6669_AVideo: Source: Chrysler, GM Discuss Joining Forces/a font size=-1 color=#6f6f6fnobrAssociatedPress/nobr/fontobject width=448 height=356param name=movie value=http://www.youtube.com/v/kA7qghheIIQ/paramparam name=wmode value=transparent/paramembed src=http://www.youtube.com/v/kA7qghheIIQtype=application/x-shockwave-flashwmode=transparentwidth=448height=356/embed/objectbr/fontfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/4-2fd=Rurl=http://www.boston.com/business/articles/2008/10/13/gmac_boosts_credit_standards_for_auto_loanscid=1256322835ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNG2sVuugx22H9fM_A_X-NTPeEhxPQGMAC boosts credit standards for auto bloans/b/a font size=-1 color=#6f6f6fnobrBoston Globe/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/4-3fd=Rurl=http://www.star-telegram.com/100/story/972006.htmlcid=1256322835ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNGS-dUW63yBiGrlqC_Zkt_vmYF1FABriefs: GMAC limits auto bloans/b to credit scores of 700 or better/a font size=-1 color=#6f6f6fnobrFort Worth Star Telegram/nobr/font/fontbrfont size=-1 class=pa href=http://news.google.com/news/url?sa=Tct=us/4-4fd=Rurl=http://www.bloomberg.com/apps/news%3Fpid%3D20601103%26sid%3Da7H78nUN5x6M%26refer%3Duscid=1256322835ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNEPEH4IfZNZfqwifGfOtBehZVCC7AnobrBloomberg/nobr/anbsp;- a href=http://news.google.com/news/url?sa=Tct=us/4-5fd=Rurl=http://www.bloomberg.com/apps/news%3Fpid%3D20601213%26sid%3DaKWrBuszGjf0%26refer%3Dhomecid=1256322835ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNGLvdH7LTnRg4b8lr_GiE8IwqdIIAnobrBloomberg/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1256322835hl=ennobrall 2,131 news articles/nobr/a/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/5-0fd=Rurl=http://www.startribune.com/business/30923289.html%3Felr%3DKArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aUUJcid=1257519892ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNHq0IrPpoazA15WBxPA5_anLHlUYwLocal lenders are making money and bloans/b the old-fashioned way/abrfont size=-1font color=#6f6f6fMinneapolis Star Tribune,nbsp;MNnbsp;-/font nobr6 hours ago/nobr/fontbrfont size=-1Wiseway Transportation Service recently got a $2.1 million bloan/b from Bremer Bank to build a new truck terminal about 60 miles south of Chicago. b.../b/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/6i-0fd=Rurl=http://www.familysecuritymatters.org/publications/id.1455/pub_detail.aspcid=1255326638ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNESS0FC90tVI1IbKBLGpRaQNcqoOgimg src=http://news.google.com/news?imgefp=cA_QCcoUYUgJimgurl=www.familysecuritymatters.org/imgLib/20081014_acorn_yelling.jpg width=80 height=53 alt= border=1brfont size=-2Family Security Matters/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/6-0fd=Rurl=http://voices.kansascity.com/node/2406cid=1255326638ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNHXwGxJHgkJ6iMM_pqSQW4yVovsZQSanchez#39;s column: Don#39;t blame minorities for economic meltdown/abrfont size=-1font color=#6f6f6fKansas City Star,nbsp;MOnbsp;-/font nobr13 hours ago/nobr/fontbrfont size=-1Those people who never should have qualified for home bloans/b in the first place. The uncredit-worthy defaulters of all those nasty subprime bloans/b that caused b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/6-1fd=Rurl=http://www.chron.com/disp/story.mpl/business/buggs/6052705.htmlcid=1255326638ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNEgJxTQemyKMQX47Hebd2gpBTdpQACrisis has nothing to do with Reinvestment Act/a font size=-1 color=#6f6f6fnobrHouston Chronicle/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/6-2fd=Rurl=http://www.talkingpointsmemo.com/talk/blogs/kgoff74/2008/10/why-republicans-want-to-blame.phpcid=1255326638ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNENBVtDTG8GzCubesGCHJLA2doSxQWhy Republicans Want To Blame Fannie, Freddie and Community b.../b/a font size=-1 color=#6f6f6fnobrTPM/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/6-3fd=Rurl=http://www.indystar.com/apps/pbcs.dll/article%3FAID%3D/20081011/OPINION01/810110392/1002/OPINIONcid=1255326638ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNHSUfnKu0RXra1b5zZ0NRHpTM9UDAbLoans/b to low-income led to current crisis/a font size=-1 color=#6f6f6fnobrIndianapolis Star/nobr/font/fontbrfont size=-1 class=pa href=http://news.google.com/news/url?sa=Tct=us/6-4fd=Rurl=http://www.powerlineblog.com/archives2/2008/10/021764.phpcid=1255326638ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNECnMTr2x5HfJWTATxIYqxpttkyyQnobrPower Line/nobr/anbsp;- a href=http://news.google.com/news/url?sa=Tct=us/6-5fd=Rurl=http://www.newwest.net/topic/article/breaking_financial_crisis_not_the_fault_of_the_people_in_charge_of_everythi/C564/L564/cid=1255326638ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNGrjTaJISy0V2HPQ97PnIzw5uWc6wnobrNew West/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1255326638hl=ennobrall 58 news articles/nobr/a/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/7-0fd=Rurl=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3Dam95H4YHyr50%26refer%3Dhomecid=1257592009ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNFopANb6hLU1A8m2Wg5Hec2ul03tQIcelanders Sink Under Foreign-Currency bLoans/b as Krona Plunges/abrfont size=-1font color=#6f6f6fBloombergnbsp;-/font nobr7 hours ago/nobr/fontbrfont size=-1The money he saved is being eaten up by his car bloan/b payment, which has jumped more than 20 percent since June. Like thousands of Icelanders, b.../b/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/8i-0fd=Rurl=http://online.wsj.com/article/SB122394411680031119.html%3Fmod%3Dgooglenews_wsjcid=1257476911ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNHvRd2uazykKpAqGKY0y-Zj2ZB1SQimg src=http://news.google.com/news?imgefp=gnpP85VGfVMJimgurl=s.wsj.net/public/resources/images/NA-AT159_LATAMA_D_20081013190849.jpg width=80 height=53 alt= border=1brfont size=-2Wall Street Journal/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/8-0fd=Rurl=http://online.wsj.com/article/SB122394411680031119.html%3Fmod%3Dgooglenews_wsjcid=1257476911ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNHvRd2uazykKpAqGKY0y-Zj2ZB1SQInternational Groups Offer Latin America More bLoans/b/abrfont size=-1font color=#6f6f6fWall Street Journalnbsp;-/font nobr6 hours ago/nobr/fontbrfont size=-1Also on Monday, the Andean Development Corp., which makes bloans/b to Andean-region countries, announced a new contingency liquidity credit line for $1.5 b.../b/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/9i-0fd=Rurl=http://www.bradenton.com/666/gallery/951378.htmlcid=1257582708ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNHtbgtkXAz_6s6h3C-6IMYZOJentQimg src=http://news.google.com/news?imgefp=hSwguWE7DOgJimgurl=media.bradenton.com/smedia/2008/10/13/17/Britain_Bank_Bailout.sff.standalone.prod_affiliate.69.jpg width=80 height=40 alt= border=1brfont size=-2Bradenton Herald/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/9-0fd=Rurl=http://ap.google.com/article/ALeqM5j4KYcCshLfvbnEu07okTEOOmJSrQD93P2TCG0cid=1257582708ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNH4N0zoPR1fgQ3PzelyoSpFsI21kADraft: Europe would guarantee inter-bank bloans/b/abrfont size=-1font color=#6f6f6fThe Associated Pressnbsp;-/font nobrOct 12, 2008/nobr/fontbrfont size=-1PARIS (AP) — A draft declaration by euro-zone leaders says their governments plan to temporarily guarantee future bloans/b among private banks to unlock frozen b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/9-1fd=Rurl=http://capital.trend.az/%3Fshow%3Dnews%26newsid%3D1317811%26catid%3D583%26subcatid%3D540%26lang%3DENcid=1257582708ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNEdGK1l2QqyUFJAb1TXchkFOAKPmAEuro-zone governments to guarantee interbank bloans/b/a font size=-1 color=#6f6f6fnobrTREND Information/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/9-2fd=Rurl=http://www.marketwatch.com/news/story/europe-rallies-governments-coordinate-plans/story.aspx%3Fguid%3D%257BE476698C-AEAA-4A5D-AB8D-1FD3653304C8%257D%26dist%3Dmsr_22cid=1257582708ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNHZ5U4KejK1PC2A90vmQfdp2Bz9FAEUROPE MARKETS Europe rallies as governments coordinate plans/a font size=-1 color=#6f6f6fnobrMarketWatch/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/9-3fd=Rurl=http://www.indianexpress.com/news/To-ease-credit-crunch--Europe-to-guarantee-bank-debt/372605cid=1257582708ei=xXb0SJPYC5aO9QTM3_GdDQusg=AFQjCNEb90CSez7Qs8za44EY0hCwoKJDnQTo ease credit crunch, Europe to guarantee bank debt/a font size=-1 color=#6f6f6fnobrIndian Express/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1257582708hl=ennobrall 166 news articles/nobr/a/font/div/font/td/tr/table

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