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                 VACATION TIPS


Do you have some vacation time coming up? If you make a trip you will need to make some plans such as flight arrangements or hotel reservations. Whether you are going to visit family or you plan to take your family to a ski vacation or travel abroad.

No matter what you choose to do you can find great deals on your trip. You can shop around for the best airline deals or even hotel deals which can save you hundreds on your trip.

One way to limit the expense that all of this creates, is to book an all inclusive vacation. While this will not alleviate all of the things an individual has to think about, it will help to reduce the amount of planning that is needed.

All inclusive vacations usually include accommodations, meals, tips, and taxes are included in the package. Sometimes, they can also include attractions, airfare, and transportation as well. To find an all inclusive vacation that fits the needs of an individual, several things should be taken into consideration.

All inclusive vacations wrap the cost of all these expenses into one. That is not to say that an individual can not find great deals on these items individually. But, often an all inclusive vacation includes all of this at a discounted rate.

If considering an all inclusive vacation, one should check out the deals that are available. Individuals who are really looking for the best deal should take the time to find out if all inclusive vacations they have found are a better deal. But, in the end, they can find all this information and do so from their home.

The Internet is a great tool in planning a vacation, including an all inclusive vacation. Most big attractions have all inclusive vacations planned for them. To find the options available to anyone, it is as simple as finding the right Internet sites.

An all inclusive vacation may be just the thing to help make planning a vacation less of a struggle and more of an enjoyment. And, it may just save some money!

Often times we want to take our children to see the things we saw when we were younger. It would be nice to see some new destinations as well. Either way, we want to do a lot but don't always have the funds. So, we are always in search for a deal. There are many out there to be had. Here are some quick ideas.

Saving on airfare is all about shopping around. Compare the different offers each company has. Can you fly in mid week and avoid weekend charges and busy times? Flying at night or at odd times can also increase your changes of getting a deal.

Once you get to your destination, you'll need a place to stay and a car to drive. The best way to get deals on these is to plan ahead. Making reservations ahead of time can be the best way to lower your cost. Cutting out extra charges on things you don't need, or won't use, also helps. No need for that car to come with a DVD player if you only plan to drive short distances. Along the same lines, you probably won't have time to watch all those movies on cable either. Eliminating these extras can lead to extra cash in your pocket.

Saving money on travel doesn't need to stop there. You can save money on travel in just about every aspect by planning and research. Take the time to compare different companies, then choose the best option for you. Also, take a box of cereal and pick up a gallon of milk instead of spending a ton on breakfast.

Grab a local newspaper to see if there are deals in there for area restaurants. The local family diner may have some great food at reasonable prices but is overlooked because of all those glaring signs in tourist's face.

Being able to find a deal on travel is a great advantage. Saving some extra cash can truly make your vacation more worthwhile. Since so many people just don't get enough vacation time, getting the most out of what they do get is key. So, take some time and find the best travel deals out there for yourself. There are so many different ways you can find great deals but online appears to be the best way. Just do a quick search and you will find what you are looking for which will save you money!

          HOW TO MAKE
    HOTEL RESERVATIONS



When traveling for business or fun, there’s nothing worse than thinking you have a reservation and learning your hotel reservations been lost, your room has one bed and not two bedrooms, or you thought your check-in time was noon, only to find out it is really 3:00pm. To help avoid these things from happening, there are a few helpful hotel reservation tips seasoned travelers recommend:

Always use a credit card when making a hotel reservation. Using a credit card offers the guest some level of protection should the hotel stay go awry. Any disputes a guest may have with the hotel, or with the billing can more easily be rectified through the credit card company. The card company will act as a mediator once their client can show effort to resolve the dispute. Additionally, if a dispute cannot be resolved, the credit card company has the authority to remove the charge from a client’s bill. If cash were paid, a hotel guest would have no recourse.

Note: If you don’t use your own credit card to secure a reservation, be aware that the person whose name is on the card will be responsible for showing the card and signing at check in. If the card does not belong to the person staying at the hotel, notify the desk before leaving home (prior to arrival) and ask what their identification procedure is. They may accept a letter from the credit card holder authorizing use, and a copy of both the front and back of the card.

Ask for deals/discounts at each hotel. Many hotels offer corporate, AAA, senior, or even mid-week/off-season discounts. If one is not offered - ask about them. Many hotels now offer ‘rewards’ programs and some hotels reduce rates by $50 or more, for simply signing up for their program. If making reservations online, look for internet-only rates and shop various websites to find the best deals. Travel agents can often secure unadvertised specials or late check-in opportunities which can translate into huge savings.

When making reservations speak clearly and repeat spelling of all names. There have been many reservations lost because of inaccurate spelling and guests have been told they did not have rooms when a hotel or an entire city was booked to capacity. If any special requests are made, verify them and if possible get them in writing. Also make sure to get the name of the employee. Verify everything spell names and verify information/requests etc. Double check reservations prior to leaving for hotel and make sure names of all hotel employees you’ve spoken to are taken.

When reservations are made, changed and cancelled-confirmation numbers are given. Make sure all numbers are kept in a safe place until credit cards are billed and all charges are verified. Cancellation and confirmation numbers are often the difference between being charged for a hotel reservation that was cancelled, the possibility of a free upgrade when the hotel overbooks and you can prove when your reservation was made, and being stranded away from home without a room for the night.
Discuss hotel policies prior to making reservations, and verify them at check-in. Some hotels require credit cards at check in for any hotel charges, such as telephone usage, room service, meals in the hotel, or even take -out arranged through the hotel with area restaurants, etc. If a credit card is not available, a cash/check deposit maybe required for any services/fees that may accrue during the hotel stay. Determine when check-in/check-out times are, when cancellation policies go into affect and verify occupancy limits if staying in a room with multiple occupants.

Remember these hotel reservation tips when scheduling your travel plans. Whether by internet, through a travel agent, or by telephone, it pays to research the hotel and be meticulous when making arrangements. A little pre-planning when making reservations can save major headaches when traveling away from home.



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EVERYTHING YOU NEED TO KNOW ABOUT
A JUMBO MORTGAGE



A residential mortgage that is larger than $650,000 is referred to as a super jumbo mortgage. It is greater than a jumbo mortgage, the term used to define loans above $417,000. These financial numbers are established by Fannie Mae and Freddie Mac, the two largest secondary market lenders, and are based on the national averages for loan amounts, and these bottom line numbers change regularly. When it is necessary to acquire a loan at or above the jumbo and super jumbo levels, other agencies become involved to cover the full amount. This is necessary to cover residential loans that are in excess of one or two million.

Because risk to the lender increases as the mortgage amount increases, the interest rates for these mortgages is higher than with conventional loans. The rates are also affected by the property type and the mortgage amount.

Since the amount of a super jumbo loan is so great, the number of insurers and investors diminishes. This shrinking of available investors has led to increasing use of specialized lenders who concentrate in this field of investment with greater compensation demands beyond the capabilities of conventional lenders.

Insurers for jumbo and super jumbo mortgages are also fewer. As such, the rates tend to be higher. All of these increases are passed along to the borrower.

Finally, rates are higher because the pool of buyers for residential properties in this range is also smaller. More time and effort is necessary to sell and re-sell the property.

Super jumbo mortgages are usually short-term adjustable rate mortgages. Option ARM’s are also available as well as thirty-year fixed rate mortgages, though they are not as common. Hybrid variable rate mortgages can also be acquired with fixed rate payment intervals three to ten years.

Since traditional banks are not equipped for handling this kind of loan, mortgage lending companies handle the arranging of financing using a combination of investment banks and capital from private mortgage sources.

Jumbo and super jumbo interest rates can be as much as half a percentage point higher than a conventional loan. To avoid this penalty, many borrowers will work with lenders and take out two mortgages at the same, with each one covering part of the total loan amount. One will be designed to cover the larger part of the borrowed amount and is considered a first mortgage. The other is considered a second mortgage, and will cover the remainder of the amount.

A 30 year jumbo mortgage is exactly what its name implies, which is a very large amount of money borrowed for the term of 30 years. When you are taking out a jumbo mortgage you are borrowing more than the amount normally allowed by the GSE. The GSE, or Government Sponsored Enterprises, is responsible for maintaining housing loan availability for consumers. The GSE sets a cap on the amount for mortgages and anything over that is considered to be a jumbo mortgage.

Not all lenders offer jumbo mortgages but there are many out there that will. The process of getting a 30 year jumbo mortgage is essentially the same as it would be for a conventional mortgage. The lender is going to be checking your credit history and score as well as your employment history and current debt load. You will need a sizable down payment, as getting a jumbo mortgage without one is unheard of. There will also be fees associated with the 30 year jumbo mortgage that you must be prepared to pay up front at closing.

Because the cost of the home you are purchasing is so high, should you decide to sell you will find it’s not going to happen as quickly as a more modestly priced one might. For this reason you need to be very sure of your ability to pay this 30 year jumbo mortgage’s monthly payments so that you don’t default on your loan. Your lender of course will see at the start if you are able, but we can’t always control the unforeseen in the future. Though your income and ability to pay are fine now, you must consider that this is, after all over the term of 30 years.

If the home you want to buy is indeed over the cap of the GSE then you are looking at a 30 year jumbo mortgage. Time to look ahead at whether this is the direction in which you want to go and feel you are able to do so. If so, you need to do some preliminary planning. Speak with your loan officer about how much of a down payment will be required and what your closing costs will be. Remember, as you are planning ahead for a 30 year jumbo mortgage to also consider the costs of homeowner’s insurance and property taxes.

The 30 year fixed jumbo mortgage is an attractive loan option to some, but utterly unaffordable to others. The term “jumbo mortgage” has a meaning specific to an upper-limit that Fannie Mae and Freddie Mac, the largest market lenders in the United States, are willing to purchase from the original lender on the secondary market.

The industry standards for conforming loans (those that adhere to the parameters as outlined by government-sponsored enterprises in the United States) are overshot in the case of a 30 year fixed jumbo mortgage, meaning that the maximum these secondary lenders will purchase has been exceeded.

To break down the definition of a 30 year fixed jumbo mortgage, you must understand two different concepts. The first is the concept of a 30 year fixed rate; the second, the idea of a jumbo mortgage.

For starters, the interest rate in a 30 year fixed plan is always the same, from the first to the last year of mortgage repayment. Unlike floating or variable mortgages, the amount of interest an individual or family is responsible for never changes.

A jumbo mortgage (or jumbo loan) is a mortgage that exceeds the $417,000 limit in most portions of the United States, although some high-cost areas in the continental states have a limit of $729,750.

When it is determined that an individual or family can afford the cost and interest payments of a larger mortgage, investment firms and banks will often allow them a jumbo mortgage. These mortgages generally have interest rates around 6.5%, although rates near 8% have not been uncommon and as of 2009, such rates have sunk well below the 5% mark.

When interest rates drop, insurance companies and banks are often more willing to lend the money toward such an investment. A 30 year fixed rate, as mentioned above, simply means that the interest rate paid during the term of the loan will not change. 30 year fixed rates protect buyers from rate fluctuations, and simplify the payment process.

Many people can benefit from a 30 year fixed rate mortgage, and jumbo mortgages are often more than affordable for families who know they will have the finances to purchase a home in the higher price range. A 30 year fixed jumbo mortgage is best suited to those who can afford the higher interest rate, and for those who plan on owning the home for an extended period of time.

When all is said and done, pursuing a jumbo mortgage is not a risk for many people, and indeed can result in a great purchase at an attractive price. The 30 year fixed jumbo mortgage is suited to the long term tastes of many looking to buy while rates are still low.




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