List Rental Properties Free

National Relocation is proud to announce that you can now List Rental Properties FREE on our site.  

If you want to take advantage of this great opportunity to expose your rental properties to 1000's of renters. Just go to our rentals section and you can list houses for rent and Apartments for rent by starting an account. Its that simple!!

You can add photos, short description that goes on the area page and a very long description on the property detailed page.  All the property owners or property managers contact information is on the detail page plus the potential renter can fill out a form to inquire about the property.

Example area page: http://rentals.nationalrelocation.com/Virginia/Haymarket/

Example Property Page: http://rentals.nationalrelocation.com/property/17

Please pass the news around to all your friends about this great new free service and how they can expose their rental properties for free, to thousands of home seekers a day.

Mortgage Application

For most people, applying for a mortgage loan ranks right up there with interviewing for a job or calculating that last line on one's tax return. If you're feeling jittery about applying for a loan, keep this in mind: you're in the driver's seat. You're giving the lender your business, not the other way around.

Several days before your appointment, ask your lender for a list of the documents you'll need to bring. With complete, accurate information in hand, your lender will be able to prequalify you and complete your loan application.

Prequalification gives you an estimate of your maximum loan amount, purchase price and monthly payment. These estimates are based on how your income, debts, savings and credit history meet the requirements of a specific loan program. Your purchasing power may vary with different types of loans, so look at several options.

Lenders understand that flawless credit histories are rare finds. When your lender requests files from one or more credit reporting agencies, you may be surprised to find out-of-date or erroneous data. Ask your lender for assistance in tidying up your credit report.

A few late payments may require a written explanation. More serious credit problems may require alternative financing at a higher interest rate. In most cases, after 12 months of on-time mortgage payments and an improved credit history, you'll be able to refinance at a lower interest rate.

Adjustable Mortgages

ARMs are debated, berated, ignored and adored. Here's a list of terms to help you become well-armed with an understanding of the basic components of adjustable rate mortgages.

Initial Rate - The loan's starting interest rate. Some ARMs have initial rates that change after the first month while others have initial rates that are fixed for several years. By reducing your monthly payment, a lower initial rate allows you to qualify for a larger mortgage.

Index - The basis that determines how much the lender must pay to obtain the funds it lends you. The index rate increases or decreases in response to changes in money market conditions.

Margin - The fixed percentage that represents the lender's profit. The margin is added to the index to determine the ARM's interest rate. You'll save money over the long term by choosing an ARM with the lowest available margin.

Cap - A limit to the amount that a loan's interest rate may increase or decrease. A periodic cap, generally 2%-3%, limits the interest rate change at any adjustment period. A life cap, generally 6%, limits the interest rate change over the life of the loan.

Learn about the wide variety of adjustable loans available today. You may find that an ARM will save you money or stretch your purchasing power.

Lenders Points

What is a point? A point is a loan fee equal to one percent of the loan amount. In "lender language," there are two kinds of points: discount and origination points. A discount point is a loan fee that reduces the loan's interest rate. An origination point is a loan fee that represents the lender's profit for "originating" the loan.

Let's look at a typical rate: 8% 0+1. Translated, this means that an interest rate of 8% costs you zero discount points and one origination point. If you'd like a lower interest rate, you can "buy it down" with one or more discount points. A lower interest rate can be a benefit if you'd like to qualify for a larger loan. On the other hand, paying discount points may be an unwise investment if you refinance or sell your home in the early years.

A one-percent origination point is typical. However, if you wish to minimize your closing costs, it can be waived if you accept a slightly higher interest rate.

Both origination and discount points are paid at closing, usually by the buyer. A seller or new home builder may pay a point or two in order to reduce the buyer's closing costs or help the buyer qualify for a larger loan.

Loan programs, interest rates and fees vary from one lender to another, so it's wise to interview at least three lenders. Be sure to get a good faith estimate, in writing, of all fees and loan closing costs.

For great of lenders who consistently provide superior service and excellent mortgage rates, check out National Relocation.

Homeowners Insurance

While you've placed a substantial sum on the table to purchase your home, your lender will, in most cases, have to put down quite a bit more. That's why your lender requires proof that you're protecting your investment with homeowner's (casualty) insurance.

This protects you and your lender against loss if your home is damaged by Mother Nature's whims--tornadoes, windstorms, lightning, hail, and the weight of ice or snow. It guards against loss from fire, explosions, plumbing disasters, and self-destructing water heaters and air conditioners. It even protects your home against its untimely collision with aircraft or vehicles, or its inability to step out of the way when riots or vandals are in its path.

What type of coverage should you get? Most buyers purchase a general policy that covers the house and its contents. If you live in a flood plain or earthquake zone, you'd be well advised to take out additional coverage.

It's of utmost importance that you keep your policy current. Not only does your home increase in value, but your personal property increases in value as well. Review your policy every few years to be sure that you have adequate coverage for Mother Nature's tantrums.

Whether you're buying or selling, my experience and professional expertise will save you time and money. Please call me when I can be of assistance to you.

Moving Expenses Deductables

Before 1994, a long-distance move was one big glorious tax deduction. Most pre-moving expenses were deductible, including everything from meals, house hunting trips and temporary living expenses to the cost of getting out of (and back into) a lease.

The picture drastically changed in 1994, and it continues to be a regular victim of whittling as every tax year draws nigh. Before, you could deduct moving expenses if your new or relocated employment was more than 35 miles away; that distance has been increased to 50 miles. Now, deductible moving expenses include only transportation and storage of your household goods, and travel and lodging expenses incurred during your actual move.

Lately, the IRS has stepped in with another interesting change of venue. In prior years when your company transferred you, your entire reimbursement for moving expenses was deductible--within certain guidelines. Under the new regulations, the IRS treats this reimbursement as bonus income, and you are expected to pay taxes on that amount. Sad state of affairs but true!

Relocating? Consult a tax attorney or accountant to learn how you can take full advantage of the remaining benefits and deductions.

If you're planning a move, check out these movers for professional assistance. If your move takes you to another area, we can help can locate a real estate professional who will be able to assist you in purchasing your new home--regardless of your destination.

National Relocation Intro

National Relocation (www.nationalrelocation.com) is a real estate relocation portal for consumers to find great real estate agents, mortgage brokers, movers & storages, rentals & property managers, home inspectors, insurance agents and other real estate related services. It is a great way for real estate agents and service providers to get exposed to the public. There is no charge to be listed and we are currently sending out referrals to real estate agents as they come in.  We are in the building stages and are open to any suggestions in how to make this a better site for the users.

Regards,  National Relocation