Archive for May 7th, 2008

May 7, 2008: 7:08 am: adminUncategorized

If you are uncertain as to which type of home equity loan is right for you, a second mortgage has many advantages over a home equity line of credit. Here is what you need to know when considering a second mortgage for your home.

There are a variety of different ways to borrow against equity in your home. Home equity lines of credit are a popular choice due to their ease of access to cash; however, this credit line is a more expensive option. Interest rates have been rising significantly the past few years. Home equity lines of credit come with variable interest rates; recent interest rate hikes can result in significant increases in your monthly payment amount for an equity line of credit.

Second mortgage loans have the advantage of coming with a fixed interest rate. If you have a large amount of equity in your home and need to borrow a sizeable amount of this equity, a second mortgage makes sense over the equity credit line. You will have fixed payment amounts you can spread out over a large period of time. These payment amounts will not change due to interest rate hikes at the hand of the Federal Reserve.

It is important to remember that a second mortgage is secured by your home just like your first mortgage. If you fall behind on the payments on the second mortgage your mortgage lenders can foreclose even if you are not behind on the first mortgage. This is why it is important to budget accordingly and never borrow more than you need. You can use the proceeds from this second mortgage for any reason; however, just because you can borrow against your equity does not mean you should. If you get in trouble making the payments on either mortgage you could lose your home.

Shopping for a second mortgage is no different than shopping for your first mortgage. It pays to do your homework and research a variety of home equity lenders before applying. Doing your homework will help you avoid many of the mistakes homeowners make when applying for a home equity loan; to learn more about avoiding these common mistakes, register for a free mortgage guidebook.

Louie Latour - EzineArticles Expert Author

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Louie Latour specializes in showing homeowners how to avoid common mortgage mistakes and predatory lenders. For a free copy of “Mortgage Refinancing - What You Need to Know,” which teaches strategies to find the best mortgage and save thousands of dollars in the process, visit Refiadvisor.com.

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Chicago Mortgage Refinance

: 4:50 am: adminGambling World

With the boom of online casinos one game has really come out on
top -and that’s online poker. Poker has traditionally been a
favorite at the land based casinos but it was never really over
represented. There were always an equal amount of other games to
choose from. But now that casino gambling has made its way to
the internet, poker seems to be the most dominant force in the
industry. There are entire online casino sites dedicated
strictly to the game of poker.

Poker has traditionally done well at land based casinos and also
in private circles. The image of a bunch of friends getting
together in a smoke filled room to play poker is an old
stereotype but still very much exists. The reason that poker is
so popular is because of the publicity boost it has received.
Live TV coverage of high stakes poker tournament often sponsored
by the online casino have done wonders for spreading poker
awareness on the net.

Celebrities have been quick to endorse the game and even sever
poker casinos on the net. Poker is also popular because it’s a
game that involves more than just the luck of the draw or the
push of a button. Online poker requires hard skills, smarts,
strategy and a lot of practice. And because of the abundance of
variations of poker at the online casino, it’s as if there are
hundreds of different poker games to choose from.

Related gambling resources: Browse over to Gambling Guru to
learn more about online casinos, playing poker
online, sports and person-2-person betting and explore the
gambling articles archives.

: 4:46 am: adminRecreation Tips + More

You might be a tent camper that graduated to a Pop Up and are now
considering a travel trailer. Or, maybe you have never camped before but like all of the amenities available on modern travel trailers and are considering the RV lifestyle. No matter what the case may be, as an ex-RV Sales Manager and current owner of RV Education 101, I would like to offer you some advice before you buy.

The first rule is, if you buy it you have to use it! Otherwise it will be nothing more than a very large and expensive lawn ornament. Let’s face it, besides your house and automobile, oh and yes, your children’s tuition fees this could be one of the biggest investments you ever make.

With that said let’s get started. Based on my experience the first thing we need to consider is the tow vehicle. You don’t want to put your family in harms way, or destroy the transmission in that $35,000 SUV you just bought. As a Sales Manager the first question I required my sales people to ask was what type of vehicle will you be towing with. This is a critical factor and too often over looked. We had a book at the dealership and we would
look the vehicle up to determine the tow capacity. There are numerous footnotes that must be considered. What size engine does it have, is it two wheel drive or four wheel drive, and the most important factor, what is the rear axle ratio. My advice is, if you talk to a sales person and they don’t ask about your vehicle, or determine the tow capacity ask to speak to somebody else.

If you don’t have the tow vehicle yet it’s a good idea to pick out the travel trailer you want first and then purchase the tow vehicle that can pull it. I’ve dealt with many disappointed customers that just bought a new vehicle and found out later that they can’t pull the camper they really want. A bit more advice at the risk of upsetting some people, don’t ask the person selling you the vehicle how much it can tow. They don’t have readily available information on that and may tell you whatever you want to hear, let’s face it they just want to sell you the truck. I would call a reputable RV dealer in the area and ask them.

I don’t want to bore you with all of this talk about weights, but bear with me for just a minute. Let’s use an example. You bought a truck that can safely tow 7000 pounds. You want the 26′ travel trailer with the bunk beds.

Don’t get confused with the gross vehicle weight-rating (GVWR) label that you found on the outside of the camper. GVWR is the total amount of weight the trailers axles, brakes and tires can support. Look inside the camper, usually on the back of one of the cabinet doors you’ll find another weight label. Look for the dry or unloaded vehicle weight (UVW) of the
trailer. This is the most accurate figure on the trailers weight when it left the manufacturer. The brochure can even be a bit deceiving about the weight because it doesn’t take into consideration any dealer installed options like the air conditioner etc.

So for the sake of our example we’ll say the trailer you want has a dry weight of 4,490 pounds. The tow vehicle capacity, 7,000 pounds minus the trailers dry weight 4,490 leaves us 2,510 pounds. We should be okay, right.

Let’s see, you will probably carry about 300 pounds of cargo inside the trailer. Then with your toolbox and other cargo in the tow vehicle, plus you, your wife and two children, let’s say another 650 pounds to be safe. That leaves us with 1,560 pounds to spare. In this example we would be okay.

Some people use what is referred to as the 75% rule. The tow capacity times 75% should be the total amount of weight you’re towing when everything is loaded. If we use the 75% rule in our example it would be 7000 pounds times 75% equals 5,250 pounds. This leaves us 1,750 pounds to spare, and would be even better.

Now that we’ve conquered the weight issue what other issues should we be concerned with. We said earlier that this is a major investment and you will probably have it, and be paying on it for quite some time. My advice is to do you’re homework on the RV dealership you plan to do business with. Find a reputable dealer, talk to people that has dealt with them in the past. Then do your homework on the products they sell. There is a wealth of information on the Internet. Find out how the unit is constructed, how long the warranty is for, how long has the manufacturer been in business. RV’s are similar to cars. You get what you pay for. Decide if you want a Chevrolet, Buick or Cadillac.

Armed with this information go to the dealership and find a salesperson you feel comfortable with. Don’t be afraid to help the salesperson help you. The more information that you can offer will help. Tell your salesperson who, what, when, where, why and how. Who will be using the camper? What floor plan would work best based on your needs? When do you want to purchase it? Where will you be going, the mountains, the beach, or do you plan to leave it set up somewhere? Why should you buy this brand? How much do you plan on spending? In our society it is natural to be cautious when dealing with sales people. You may have had a bad experience in the past, but a reputable dealer will have a well-trained, professional sales staff that can help make the right decision.

Be sure that it’s not too big , or too small for the way you plan on using it. Don’t be afraid to lie down on the bed, stand in the shower, or sit on the toilet. Look at the storage space and closet space. Study the floor plan. I once sold a camper to a family because they liked the interior colors. It had a front bedroom with a queen bed, the kitchen was in the middle and the bathroom and bunk beds were in the back. After they used it the first time they told me they had made a big mistake. They based their decision on color verses floor plan. She said every time she was in the kitchen trying to do something the children would come in and want to run back and forth to the bathroom or the bunk beds. Remember, this is going to be your home away from home. Take the time too be sure that it has all of the features that
are important to you and your family.

Your RV dealer will or should give you an RV walk thru orientation when you buy an RV.

Hopefully some of this information will help you make an informed decision when you go shopping for your camper. I can’t really advise you on negotiating the price, but remember you get what you pay for.

Happy Camping,

Mark J. Polk

Copyright 2006 by Mark J. Polk owner of RV Education 101

Mark Polk - EzineArticles Expert Author

RV Expert Mark Polk, seen on TV, is the producer & host of America’s most highly regarded series of DVD’s, videos, books, and e-books. http://www.rveducation101.com

Mark Polk is a retired U.S. Army Chief Warrant Officer Three, specializing in wheeled and track vehicle fleet maintenance operations. In addition to owning and operating RV Education 101, (based in North Carolina) since 1999, Polk also has a very extensive RV background working in RV service, sales and management. Polk has a degree in Industrial Management Technology and his 30 plus years of experience in maintenance includes working as an RV technician, a wheeled vehicle and power generation mechanic, an automotive maintenance technician, Battalion and Brigade level Maintenance Officer, an RV sales manager and also in the RV financing department as the Finance & Insurance manager. http://www.rveducation101.com

: 1:51 am: adminDesign, Logos, Graphics, House Of Gardening, Living With Home Improvement

Having an outdoor space such as a garden, backyard or even a patio can be a wonderful and relaxing addition to your house. If properly designed, your outdoors can serve as wonderful environment to host magnificent parties, dinners, BBQ s and various outdoor events with your family and friends. Thus you should get the best possible outdoor furniture for your garden. This way your guests (and yourself) will enjoy your outdoors with the comfort of outdoor chairs, outdoor sofas and even outdoor hammocks. This way you can have the peace of mind that you deserve. Usually the best selection for outdoor furniture is definitely wood. Experience shows that outdoor wood furniture will last much longer than other types of materials.

With metal outdoor furniture, you will have to worry about rusting and corrosion with your furniture as all kinds of metal are prone to rusting. If you buy plastic furniture, then you will have to worry about the items getting broken under the forces of the wind or weather as they get tossed around. Thus the best alternative is definitely outdoor wood furniture, as they will be impervious to rusting, corrosion and they will be resistant to daily wear and tear. With some good painting and coating your outdoor wood furniture will serve you for many years while adding a touch of nobility to your garden.

More garden furniture here