Here is another great FREE resource for coupons and deals at Home Depot! Check it out- and the Lowe's Discount Link too (down below in previous post) before any big purchases!! Could save you 100s of dollar$!!
http://www.dailyedeals.com/free_online_coupons/home_depot.htm
From time to time a real estate course catches my eye that is really showing me something new, different and exciting and I try to do my best to get the word out- this new program by John Shaver falls into that category. Do yourself a favor and Click Here! to check it out and see what You think .
Here is what just a few others had to say about the program-
John's software helped me find a 4200 square foot - 6-bedroom home on the golf course for only $2000 down. We sold it 18 months later for a $170K profit. I still can't believe it!-- Kelly Ward, Housewife - Tucson, AZ
Every home I found because of John's system I've made money on. Right now I'm easily over $300K in equities and cash. This guy knows real estate and I recommend him to anyone and I'll stand behind that. Thanks John!-- Keith Barker, Lehi, Utah
Knowing John and his software put close to a $100K in my pocket in less than a year on 3 deals! What John has done I believe will change how investors look at, and buy Real Estate. Not to mention John cut my prospecting down by about 95%. Being a senior technical instructor for a large technology company, I can't tell you how important that is.-- Anthony Marshall, Las Vegas, NV
John's APS software helped me find a property that I flipped and walked away with a $43K check from the title company. I continue to use him and his system because it enabled me to quit my job. I'm happy to now say that I'm an ex-truck mechanic!-- Steve Loui, Washington, Utah
The best real estate marketing I've ever seen! John helped us sell a multi-million dollar property in record time. It's always a pleasure to work with a top professional.-- Val M., Attorney, Las Vegas, NV
The first time I looked at John's formula and software I was absolutely amazed. When I saw it, I knew this was the way to buy and find properties. Little did I know I'd be using it two weeks later to purchase a home. Because of John, I could easily sell this home for a $50K profit right now if I wanted to. I can't thank John enough for what his teachings are doing for my family's future and me.-- Lisa Curtis, Mom of four - Las Vegas, NV
These are just a few of the testimonials from students and professionals using his NEW ideas in Real Estate Click Here! and review his program and let me know what you think of it here on the blog! Good luck and I hope you like the content!!!
Get a 10% off coupon for all your Lowe's Purchases
If your doing any big projects around the house-check this out first before you buy!!
http://www.lowesmoving.com/
If you are planning a vacation to Maui or looking for income or investment property in Hawaii- This is a great FREE resource- Check it out!
http://www.realestatemaui.us/blog/
the Best Real Estate Blogs throughout the country!
http://www.real-estate-blogs.com/blogs
Careful -If you love gardening and Plants this will keep you busy for a few days!!!
It's AWESOME for all things gardening!!
http://www.top100gardeningsites.com/in.php?site=452
Lowes vs. Home Depot
Now that it's rainy and freezing outside, I'm starting to return my attention to my indoor plants. No, I didn't forget about you guys!I went to Lowes to pick up another flat of pansies and get some glass cut to make a cover for a terrarium. (Tip: A 10" x 20" piece of glass, with the edges sanded, fits perfectly on a 10 gallon aquarium. ) I love terrariums since I can get focused on the outdoors, babies, work, etc. and forget about them for a while, and the plants don't look neglected.When I returned home, my husband asked a really annoying question. (No, he didn't ask how much I spent. He is good about not questioning my plant habit.)He asked: "Why didn't you go to Home Depot?"In honor of election day, we had a short debate about which hardware store is better.My hubby is very loyal to Home Depot, based on several logical reasons:1) We own a tiny amount of Home Depot stock, and shopping there for a lifetime might raise the price per share one billionth of a point.2) They are based in his hometown.3) Tony Stewart, driving the #20 Home Depot car, may have a temper but at least he's not a cheater, like Jimmy Johnson in the #48 car.4) He likes the color orange.5) They seem to focus on selling over-powered tools that few men really need, but many men buy anyway.Now my rebuttal:1) Lowes will cut glass for frames and terrariums projects, while Home Depot won't.2) Lowes was the first major chain hardware store in my small hometown. (This perhaps hurt the local small hardware store, which was full of crusty old guys on sitting around on stools, chatting it up, and making me feel like I didn't belong there.)3) Jimmy Johnson is cute in his Lowes NASCAR outfit.4) I like the color blue.5) They seem to have a larger selection of bird houses.Ok, I've reported, now you decide.(Don't even get me started on FOX news vs. CNN)
posted by Nelumbo @ 1:45 PM
7 Comments:
At 8:34 PM, M Sinclair Stevens (Texas) said...
I shopped Home Depot originally and still do. However, I started going to Lowe's to compare and we like them better for some thing. For example, our new dishwasher, gas range, and refrigerator all come from Lowe's. So far I prefer the plants at Home Depot.To make the comparison shopping even easier they've just built a new Lowe's next door to the old Home Depot. Our money goes pretty evenly between the two. My biggest problem is remembering which store I'm in and where to find stuff.
At 6:28 PM, Annie in Austin said...
We didn't have Lowe's in IL when I lived there, but there was a Home Depot a few towns over so I'd been there a few times. When we moved to Austin I found Lowe's first and liked it. The Home Depot turn out to be just a mile past Lowe's. If I'm the one looking, I always go to Lowe's first, [they seem to carry more organic gardening products], but if I'm with my husband, he tends to drive to Home Depot first. When it comes to plants, it just depends. Sometimes you can trek through 3 independent nurseries and several big box stores and still come home disgruntled and empty handed. There also seems to be a great deal of difference in what's offered in the Lowes and Home Depots in other parts of Austin - one of the Divas gets unbelievable bargains at her Lowe's.There is still a crusty old hardware store not too far from me - useful for odd objects but no plants. That store also features lots of survival gear, camoflage and hate posters with Jane Fonda, so it kind of freaks me out to go there - but they make keys well and fast! Annie at the Transplantable Rose
At 4:03 PM, Nance said...
I like Lowe's better; my husband likes HD better. Our problem is mainly geography, though. Lowe's is a pain to get to. I think guys like HD better because it seems more macho. Lowe's is more like a yuppie home improvement store. If you're looking for a political stand, Lowe's blue sign IS a sign...
At 8:44 PM, Anonymous said...
I prefer Lowes over Home Depot most of the time. I also like Menards. I rarely buy plants at Lowes or Home Depot because they just don't take care of them. I like the Menards nearest my house because I know someone who works part-time in the garden department and she helps them take good care of the plants.
At 7:33 PM, Nelumbo said...
I'm starting to see a trend here...is Lowe's generally more female friendly while guys prefer HD?Interesting...
At 11:41 PM, Anonymous said...
I like Lowes better, definitely. But, I like to support the local businesses so my husband and I usually go to whatever Ace Hardware is around. They are usually locally owned. And stuff is usually much easier to find than in Home Depot, in my experience.
At 2:58 PM, Pam said...
The Lowe's here in my town has horrible service - I can never find anyone to get stuff down from the higher shelves, or to answer a question. Except for once - when I was going in trying to figure out how to repair my roof for under $100. An awesome guy waited on me, who even drew on the package of shingles a step-by-step description of what I needed to do (and it worked!). Otherwise, Lowe's drives me nuts, the Home Depot is a bit far away from my usual route, so I...either do without or go to the local family-owned hardware store (which I like best anyway).
Hey friends, here is a great sight with a bunch of great FREE tips tricks tools and resources for home improvement, home maintenance. Here is their description and their link!!
Home Tips is your FREE resource for expert help with home improvement, remodeling houses, home repair, decorating, DIY, and tips for buying appliances and other home repair products.
http://hometips.com/
Inman News
Adjustable-loan shocker hidden in fine print Apr 30, 2007, 5:00 am PDT
"I have recently heard advertisements for mortgages with the disclaimer that the 'payment rate is not the interest rate.' How does that work?"
The interest rate is the rate used to calculate the amount of interest the borrower owes the lender each month. The payment rate is the rate used to calculate the amount of the payment the borrower is obliged to make each month. On most mortgages, they are one and the same, which is why it may be confusing when they are different.
Consider a 30-year mortgage for $100,000 at an interest rate of 6 percent. The interest due from the borrower in the first month is .06 multiplied by 100,000 and divided by 12, which comes out to $500. Using 6 percent as the payment rate, the monthly payment is $599.56. This is calculated from a formula that my editors find too complex to show here, but it is available on my Web site.
The formula is derived on the assumption that the payment rate and interest rate are the same. It calculates the "fully amortizing payment," which is the payment that will amortize the balance over the term. If the borrower in my example pays $599.56 every month, the 360th payment will be the last.
Now let's assume that the interest rate remains at 6 percent but the payment rate is only 3 percent. Using the same formula, the payment at 3 percent is $421.61, but since the payment rate is below the interest rate, this payment is not fully amortizing. The borrower is now required to pay $421.61, but because the interest rate remains at 6 percent, the interest due the lender continues to be $500. The shortfall of $78.39 must be added to the loan balance. The shortfall is called "negative amortization."
A payment rate below the interest rate is always temporary. Because all mortgages are designed to be paid off in full over their term, at some point the payment must be recalculated at the interest rate to be fully amortizing over the remaining life of the loan.
In my example, assuming this happened after five years, the payment would increase to $679.55, which will pay off the $105,469 balance at that time over the remaining 25 years. If it did not happen for 10 years, the balance would reach $112,847, and the payment required to amortize it over 20 years would be $808.48.
A small-type disclaimer saying the "payment rate is not the interest rate" almost certainly was attached to marketing materials for an option ARM. This is an extremely popular mortgage because of its low initial payments. In 2005 and 2006, about $500 billion in option ARMs were written, many to borrowers who did not understand the difference between interest rate and payment rate. No one bothered to explain it to them at the time, but many have been catching on more recently and wondering if they made a mistake.
The confusing thing about the most widespread version of the option ARM is that the payment rate and interest rate are the same in month 1. The interest rate on this ARM adjusts monthly, however, and in month 2 the rate jumps. It can be 3 percentage points or more above the payment rate starting in month 2, remaining there for up to 10 years, but a day of reckoning is inevitable.
The option ARM has been very aggressively merchandised. The focus has been low initial payments, with the inevitable rise in payments in the future deemphasized or ignored altogether. Existing disclosure rules provide no help to borrowers.
Recently a group of regulators from five federal agencies expressed concern that many borrowers taking option ARMs were getting in over their heads without realizing it. Acknowledging that amending the disclosure laws would take too long, they proposed that lenders provide their own. The disclaimer about the payment rate not being the same as the interest rate may be a response. If so, it is pitifully inadequate, though it may provoke some borrowers (including the one who wrote me) to seek more information elsewhere.
The writer is professor of finance emeritus at the Wharton School of the University of Pennsylvania. Comments and questions can be left at www.mtgprofessor.com.
Welcome to the REIFYI forum where we dicuss and review all things real estate and provide useful content for you on Real Estate "Gurus" dispell some myths, try to dispense some useful information and dispell nasty rumors!!! Later today-some of the top GURU programs and what I think of them!!
