Gunning Daily News

Question of the Day

February 1, 2012 5:40 pm

Q: Is it possible to save on closing costs?

A: Certainly, once you get pass the sticker shock. Closing costs are expensive. They can average between 2 to 3 percent of the total home purchase price. But here are a few ways to save:
• Haggle with the seller. He may pay all or part of the closing costs.
• Nab a no-point loan. You may have to pay a higher interest rate, but if you are strapped for cash and can qualify for a higher interest rate, you may find this type of loan can significantly reduce your closing costs.
• Grab a no-fee loan. Although the fee is usually wrapped into a higher rate loan, it does offer one advantage – you get to save on the amount of cash you would need up-front.
• Secure seller financing. These loans typically avoid the traditional fees or charges imposed by lenders.
• Shop ‘til you drop for the best deal. Every lender has its own unique fee structure; you are bound to find one that works for you.

Auto Financing: 5 Keys to Getting the Best Loan Rate

February 1, 2012 5:10 pm

Auto loans are fairly easy to get—first, because the loan is backed by collateral in the vehicle, so lenders know they will get their money back or repossess the car—and second because most dealers will bend over backwards to sell you a car if they can reap extra profits by getting you financed.

In fact, according to Consumer Reports, because car loans are so easy to get, they are a good way for young people to establish credit.

At the same time, CR’s consumer advocates warn, buyers should make every effort to get that loan at the lowest possible interest rate. Here are five tips for doing so:

• Shop the rates first – Compare interest rates at various banks and credit unions before you visit the dealership. It’s an advantage to be preapproved for the loan before you shop for the car—and it gives you a basis for comparison if the dealership offers financing.
• Check the total cost of the loan – Focus on the annual percentage rate (APR). A lower rate produces significant long-term savings. Also consider the term of the loan, which affects both your monthly payment and the total loan cost. A shorter term means higher monthly payments, but will save you money in the long-term.
• Don’t buy just because the rate is low – A dealer may offer you a low cost loan, but only if you purchase a higher priced car—or a different model—than what you need or want. Consider that in the long run, you won’t be happy paying a few dollars less each month if you are not happy with the car itself.
• Your credit affects your interest rate – It’s a fact that buyers with great credit get better rates than those with poorer scores. Zero percent loans, for example, go exclusively to buyers with sterling credit. Check your score before you look for a car—and make an effort to fix any reporting errors before you shop for a loan.
• Separate financing discussions from auto price talks – Nail down the price for the vehicle before you discuss the loan. Many salespeople try to make it all one discussion by quoting you monthly payment rates. This is when a loan preapproval can make you the master of your fate.

Home Know-How: Understanding Condensation

January 31, 2012 5:36 pm

What do houseplants, a boiling pot of pasta and your shower all have in common? They all add moisture to your home's interior. And, while some humidity in the home is good, excessive moisture can be uncomfortable.

"We often get calls from homeowners who are concerned that their windows are 'sweating' or leaking either inside or outside the home because they see moisture on the glass," says Gary Pember, vice president of marketing at Simonton Windows®. "In reality, that's simply not the case. While condensation may collect on the interior or exterior of energy-efficient windows, the units are really doing their job by helping serve as a barrier in the home."

Pember points out that windows do not cause condensation—they simply prevent the moisture in the home from escaping to the outside. "If the inside glass surface on double- or triple-glazed windows show excessive moisture, you can be reasonably sure that the moisture is also collecting on your walls and ceilings," says Pember. "This means you should take steps to reduce the humidity level in your home by using exhaust fans and dehumidifiers."

What Can a Homeowner Do to Help Reduce Condensation?
Water vapor is part of our lives and our homes. To help control the amount of condensation in the home, try the following tips:

• Use kitchen and bathroom exhaust fans.
• If you have a humidifier, set it to the correct outside temperature.
• If your home is overly humid, or if you have a damp basement, use a dehumidifier.
• Properly vent clothes dryers, gas appliances and stoves.
• Open a window in the bathroom.
• Make sure your attic, basement and crawl spaces are well ventilated and free from obstructions.
• Open curtains and blinds to allow more air circulation around your windows.

Source: http://www.simonton.com

Gardeners Get a Jump on Spring

January 31, 2012 5:36 pm

Now that winter’s darkest days are (hopefully) behind us, spring is closer than you think. Get a head start on spring gardening and begin planning now for an easier and more rewarding gardening season. The following tips can help jumpstart your season.
• Scout your yard for shrubs than may have been damaged by snow, ice or wind. Prune broken branches cleanly, back to the next healthy joint or bud.
• Growing flowers from seed? Remember that some plants need a big head start. Petunias, impatiens, verbena and snapdragons, should be planted indoors under lights, 10-12 weeks before the last spring frost.
• Check houseplants for spider mites, aphids and scale. Give troubled plants a healthy boost with a cool shower, some fresh potting soil and a dose of liquid fertilizer.
• Packets of flower or vegetable seeds make a nice gift for Valentine’s Day. Just slip them in with your card and a potted primrose or bouquet of tulips.
• Mustard, ragweed, henbit and many other pesky weeds start growing with the first hint of spring. Keep them from sprouting by applying a weed preventer two weeks before the ground begins to warm up.
• Consider adding raspberries, blueberries, currants or other small fruits to your landscape. For the best selection, order dormant plants by mail. All should be planted in earliest spring as soon as the soil can be worked.
• Grow your own micro-greens. Plant leftover broccoli, radish or basil seeds in a pot and grow on a sunny windowsill. Snip young plants with scissors for a pretty garnish or a spicy addition to a salad.
• Take cuttings of geraniums, coleus, rosemary and other tender plants that you have overwintered indoors. Root them in water or in moist potting mix.
• Most perennials benefit from being divided every few years. The best time to do this is earliest spring just as new growth appears. Think about the plants that are most in need of dividing and make a list of them so this task doesn’t get forgotten in the rush of spring.

Source: http://www.preen.com

4 Super Bowl Party Tips

January 31, 2012 5:36 pm

Decoration Details
Don’t go overboard for Super Bowl decorations; most people will be more interested in the TV screen than your carefully crafted table centerpiece. One easy way is to choose serving platters, dishes and table cloths in the colors of the competing teams. Take it a step further by choosing a few food items that display the team shades, which are the same this year! Blue and red frosted cupcakes are a fun way to show spirit.

Pre-Gaming Matters
Before kick-off, have your own football game in the backyard. This big game pre-game method is a terrific way to amp competition, and it assures everyone will be tired—and hungry—come game-time.

Food Fun
A buffet is the way to go for a Super Bowl party; a formal sit-down meal just isn’t conducive to the laid-back atmosphere of game day. Plus, leaving the food out is a great way for people to snack throughout the afternoon. Keep food fun and easy to eat Sandwiches, salads, wings, chili, dips and crudités are traditional choices.

Create a Safe Space
Often there are a handful of non-sports fans at every Super Bowl party who are just there for the company. Set up a space in another room for them to hang out and catch up if they don’t want to watch the game. This will also benefit hardcore football fans who don’t want their game interrupted by chatter. This goes for kids too; if young children will be around, set up a coloring and game station in another room—but be sure to have an adult supervising at all times!

Word of the Day

January 31, 2012 5:36 pm

Usury. Charging a higher rate of interest on a loan than is legally allowed.

Flu Facts: Stop It before It Starts

January 31, 2012 5:36 pm

Flu season is no joke. According to the Center for Disease Control and Prevention, this cyclical virus affects as much as 20 percent of the U.S. population each year.

So my attention was drawn to advice from cleaning experts at The Maids, who remind homeowners that while they may already be armed with an array of physical preventatives—from flu-shots to Emergen-C, neti-pots and home remedies—they may not be doing everything it takes to stop the flu from spreading.

The Maids make it a policy to clean for health year-round, and recommend the following tips to stop the flu from invading your home:
• Wash your hands regularly in warm soapy water. For quick clean-up, use antibacterial hand sanitizer. Make an effort not to touch your mouth or nose without first washing your hands.
• Wear rubber gloves when cleaning household items to protect yourself.
• Spray disinfecting spray on a cloth, or use antibacterial wipes on toys, doorknobs, appliance handles, keyboards, remote controls, light switches, phones and facial tissue box covers. Viruses can live up to 48 hours on hard surfaces.
• Wash items like towels and bedding in hot water with soap if someone has been sick in the home. Be sure not to share these items until they are thoroughly cleaned.
• Change vacuum bags monthly, or even more frequently.
• Boil toothbrushes for one minute in water and vinegar, run through a dishwasher cycle or purchase new brushes.
• Wash mop heads in a solution of ¼ cup bleach and one gallon water, dry thoroughly, then store. Not only will mop heads pick up germs and dirt, but they also can also grow mold and mildew if they don’t dry out completely.
• Disinfect the bathroom and kitchen, especially the faucet and toilet handles, daily. The kitchen and bathroom are the most used rooms in the home and possibly the most contaminated.

Here's to a flu-free winter for all!

Debt Help USA: Debt Relief Options That Should Help Consumers in 2012

January 30, 2012 5:54 pm

Recent news is reporting lower unemployment and a slow growth in the economy, but forecasters warn of a steady rise to consumer debt. The average household in America is still burdened with just over $15,000 in overall credit card debt. While credit card debt is still the main culprit of debt advice seekers, student loans are on the rise, reporting the second most frequent form of debt. Regardless of what kind of debt is strapping consumers, many feel they are without options in this current debt-ridden climate.

Make Sure You Have a Plan
It was Harry Truman who spoke about a plan, "make no small plans, instead, make 1 big plan and spend the rest of your life carrying it out." You are going to get out of debt, but you most certainly need a plan. If you are going to take on your debts, you must be honest with yourself and know your weaknesses. If you are eating out too much, acknowledge it and cut back. If shopping spending sprees are impulsive and out of control, either cut yourself off cold turkey or set a monthly budget as a precaution and do not exceed it. Simple lifestyle acknowledgements will allow you to tackle your debts more effectively.

Look Into Debt Relief Options
Debt negotiation is an alternative to bankruptcy that can help eliminate one's debts. In short, an agent from one of these companies will intercede with the various creditors of the debtor, making the payment schedule easier for the consumer. Laws and regulations surrounding debt negotiation have recently changed making it more reliable than before.

Debt consolidation is another option you may want to consider. By consolidating your debt, make one low monthly payment instead of several. Unlike credit cards, the interest rate for debt consolidation is tax deductible and can even improve your credit rating because you are essentially paying off higher interest debt faster.

Credit counseling and debt management are further options for those in debt and focus on the interest rate. By working with a non-profit consumer credit counselor, creditors often lower the overall interest rate, waive late fees, and attempt to bring your debts current.

Source: www.debthelp-usa.com

Word of the Day

January 30, 2012 5:54 pm

Usury. Charging a higher rate of interest on a loan than is legally allowed.

Question of the Day

January 30, 2012 5:54 pm

Q: What are closing costs?

A: Closing, or settlement, costs are expenses over and above the price of the property. Both the buyer and seller incur some of these expenses when transferring ownership of a property. Who actually pays, however, often depends on local custom and what the buyer or seller negotiates. Closing costs normally include title insurance, loan points, escrow or closing day charges, property taxes, and document fees. The lender provides an estimate of closing costs for prospective homebuyers.