The Different Elements Of A Car Insurance Policy

The phrase “car insurance” implies that what you are insuring is your car, but the realities of car insurance are a bit more complex than that. When you purchase a comprehensive auto insurance policy, you are protecting yourself from the costs of damaging your car, but that is just one element that makes up full automobile insurance coverage. You need insurance that can cover the legal fees that may result during a lawsuit if you take another driver to court after an accident…
car insurance, auto insurance
The phrase “car insurance” implies that what you are insuring is your car, but the realities of car insurance are a bit more complex than that. When you purchase a comprehensive auto insurance policy, you are protecting yourself from the costs of damaging your car, but that is just one element that makes up full automobile insurance coverage. You need insurance that can cover the legal fees that may result during a lawsuit if you take another driver to court after an accident. You need insurance that can cover the cost of prescription painkillers that you may need to buy for yourself if an uninsured driver runs a light and hits your car. These and hundreds of other possible costs that have nothing to do with your actual vehicle can be covered by so-called automobile insurance. The act of buying an insurance policy for your car is an act of making sure that it is financially safe both for yourself and for anyone else who you may encounter when you are behind the wheel.

You need to protect yourself from the potential financial hardship of paying for the medical bills of anyone who you injure in an accident, and the costs of repairing any public or private property that you may damage. In addition, before you can hit the road in most states you need enough insurance that you will be able to pay for your own medical care if you are injured in a crash caused by an uninsured motorist. So far, none of these important elements of a standard car insurance policy even mention the automobile itself!

A good collision or comprehensive insurance policy will cover at least some percentage of the cost of repair to your vehicle after physical damage. However, since not every state requires that you have this kind of insurance, don’t assume that physical damage is covered by your policy unless your agent tells you so directly. Physical damage coverage is just one element of a good automobile insurance policy, and many people consider it optional rather than necessary. The actual cost of insuring the physical form of your vehicle is almost always dwarfed by the costs of the other kinds of insurance that you need in order to drive safely, responsibly, and legally.

Other options that you will be likely to encounter when choosing a car insurance policy include things like medical payments coverage, which will help you meet the costs of medical attention after an accident. Of course, a traditional auto insurance policy includes a certain level of protection against the costs of treatment, but things like co-pays are not covered by body injury liability coverage or uninsured motorist coverage. This leads many people to take out additional insurance so that they know that they will not have a larger than necessary financial burden if a hospital stay is necessary for them, for a passenger, or for somebody else harmed during a crash.

Permanent Or Term Insurances?

There are many insurance companies in the world giving their life insurance quote.

It’s pretty difficult to pick which one is the best. What should you do? One strategy that’ll work is to keep switching insurance companies. Any company will make more money by selling to people who are more price sensitive.

A person needing an insurance may be willing to pay high. A person who keeps switching insurance shows that he is price sensitive and hence, he will get a lower pric…
insurance, permanent, term, child insurance, flight insurance
There are many insurance companies in the world giving their life insurance quote.

It’s pretty difficult to pick which one is the best. What should you do? One strategy that’ll work is to keep switching insurance companies. Any company will make more money by selling to people who are more price sensitive.

A person needing an insurance may be willing to pay high. A person who keeps switching insurance shows that he is price sensitive and hence, he will get a lower price.

Your life is not the only thing you can insure. You can also insure your house and your car. There are many websites offering free car insurance quotes and home insurance quotes.

There are usually two types of life insurances.

Term Insurance

Term insurance is paying the life insurance while betting that you’ll die. You bet $2,000 per year. If you die during that year, you win, say, $1 million dollars. If you don’t die, there goes your $2,000.

Life insurance has a major drawback — You get to die first before you can get your money. So many insurance companies combine life insurance with some form of investment. Is this a good idea? Most of the time, it is not.

Permanent Insurance

Permanent insurance is insurance with savings. Say, you paid $20,000 per year for 10 years. If you die within that10 years, you’ll get $1 million. However, at the end of the 10 years, if you fail to die, you still get your $200,000 back, often with interests.

Your insurance agent will usually encourage this. Why? Because they get more commission out of this. Why? Because insurance companies make more money out of this arrangement. Why? Because it’s not good for you, at least usually.

First of all, this is not an apple to apple comparison. Say you pay your life insurance to get $1 million dollars. Maybe you got to pay $2,000 per year. With compound insurance, to get a $1 million dollar settlement, you need to pay $20,000 per year, but only for 10 years. Usually, the insurance agent will make things even more confusing for you by offering $100 million dollar compound insurance for $2,000/year.

So how do you make it apple to apple? You compare the permanent insurance with regular term insurance plus regular investment. So, the permanent insurance of $20,000 per year is equivalent with $2,000 term insurance and $18,000 per year investment. If you buy the $2,000 term insurance and invest the $18,000 per year, how much money you’ll make after 10 years? A simulation shows that you’ll make $286,874.

Now, is permanent insurance a good insurance? Well, just compare that $286,874 with what you’ll get back under the term. Usually you’ll get less. When you get less, the insurance company makes more. So insurance companies provide greater intensives for the insurance agent to sell permanent insurances.

However, permanent insurance have one advantage. Tax benefit. Your assets can accumulate free of tax. Also, regular investments will often be subject to inheritance tax while insurance may not be.

So a good strategy is to simply buy permanent insurance with $0 coverage. They’ll compare the ROI of the permanent insurance apple to apple. Hence, all mutual funds will turn to insurance company providing effectively the same service. It’s good, it works, it’s productive, and hence governments prohibit that, of course.

You can check out whole life insurance quotes on the web.

Choosing A Reward Credit Card

When you’re shopping for a new credit card, the immediate features you see that attract your attention are the interest rate and the credit card reward programs offered. If you have good credit, you most likely would be approved for a card offering a 0% APR introductory period. This introductory low interest rate extends with an average of the first twelve months you have your new credit card.

With that in mind, the next thing to consider is the type of reward credit card …
reward credit card, new credit card, credit card, travel reward credit card
When you’re shopping for a new credit card, the immediate features you see that attract your attention are the interest rate and the credit card reward programs offered. If you have good credit, you most likely would be approved for a card offering a 0% APR introductory period. This introductory low interest rate extends with an average of the first twelve months you have your new credit card.

With that in mind, the next thing to consider is the type of reward credit card that will fit your life style. It’s a large competitive field for your credit card dollar and the financial institutions are very creative in continually bringing out new credit card reward programs. With the ease of the internet, it is now possible to compare a larger number of credit card offers side by side.

If you travel frequently, there are a number of travel reward credit cards that offer an accumulation of points to be used for air travel, hotel reservations, cruises, and car rentals. Many of these same offers include a discount on these services too. On the other hand, some reward credit cards allow you to accumulate points for the purchases of a variety of products, to be applied toward airline miles.

If you are one who pays your entire balance each month, a reward credit card that includes cashback as an incentive could be one that would be most enticing for you. Some of the cashback cards offer as much as 5% return on your money. This can add up to a tidy sum at the end of the year.

Additional reward credit card offers include discount on gasoline purchases, contribution to an FDIC-insured high-yield savings account in your name, and an accumulation of points for gift cards from top retailers and restaurants. There is a reward credit card that fits every life style.

So, the next time you’re looking for a new credit card, after you’ve compared the interest rate, review the credit card reward incentives too. Credit card rewards can save you money!

Get Debt-Free with Debt Consolidation

If you’re looking to consolidate your debt, whether it is credit card debt, loans, bills or any other form of debt, there are many online options available.
Even if you have a bad credit score or history there are still certain online lenders willing to help.
online debt consolidation, debt consolidation services, bad credit loan services, credit lenders, loan services, unsecured loan
Within this short guide you’ll find the most important online financial options available for you.
There are financial products for every credit situation and this guide will explain all you need to know before you start your search.

Consolidate your debt with a Loan

There are many loan options for those who want to consolidate their debt. If you own a home you can consolidate by applying for an equity loan.
The equity you’ve build on your home will provide all the finance that you need to cancel your outstanding loans and other debts.
You can also refinance your home mortgage for a larger amount than the outstanding mortgage loan and use the extra cash to cancel the remaining loans, bills, credit card balances and other debts.
Though harder to qualify for, you can also apply for an unsecured loan. This kind of loans let you consolidate your debt by using the money to repay credit card balances, loans and bills without having to use an asset as collateral avoiding the risk of repossession.

Debt Consolidation Agencies

There are also certain agencies and professionals that can negotiate with your creditors so as to lower the interest rates, extend repayment schedules and sometimes, even cut a considerable percentage of your debt that can reach up to a 60%.
Usually this companies and professionals charge a small fee for their services, considering the large amount of money they will be helping you save, it’s not such a big sacrifice.
Besides the fact that you’ll get a cut in the interests you pay for finance, the most important thing is that you’ll be paying down the loans principal and thus, reducing progressively yourdebt till you become debt-free.
Consolidating Debt will provide fresh air to your credit situation and will solve the problem of harassing calls from debt collectors.
There are many alternatives for debt consolidation but as any other financial decision a lot of thinking must be done and rushing in is not a wise choice.

Is Loan Payment Protection Insurance A Good Buy?

Loan payment protection insurance can be a great buy and it can provide a valuable safety net on which to fall should you find yourself out of work due to an accident, long term sickness or unemployment. The cover can provide you with a tax-free monthly income which enables you to pay your commitments without worry while you get back to work. The period of time you are usually covered for is typically up to 12 months, though with some policies it is up to 24 months, which is …
Income Protection Insurance, Mortgage Protection Insurance, MPPI, PPI
Loan payment protection insurance can be a great buy and it can provide a valuable safety net on which to fall should you find yourself out of work due to an accident, long term sickness or unemployment. The cover can provide you with a tax-free monthly income which enables you to pay your commitments without worry while you get back to work. The period of time you are usually covered for is typically up to 12 months, though with some policies it is up to 24 months, which is usually more than enough time for you to get back on your feet.

However the policy is only a good buy if you choose it carefully and wisely. Sadly the industry has been blighted by the negative publicity surrounding loan protection with the high street lenders being the main culprits when it comes to selling over-priced, sometimes unsuitable, cover.

If you want to protect yourself with loan payment protection insurance then you should shop around and go to a standalone provider. A specialist who only deals in payment protection will be able to offer you the cheapest premiums along with giving you the best advice regarding the policy. One of the biggest findings by the Financial Services Authority’s recent investigation into the sector was that policies were being mis-sold with the consumer having no hope of claiming on it should they actually come out of work. The majority of times the reason why the policy had been mis-sold was due to the exclusions within the policy which the consumer wasn’t aware of. High street lenders have very little knowledge when it comes to selling protection policies and this is why it is always safer to buy from an independent provider.

So, is loan payment protection a good buy? Yes it can certainly can be, but only by looking carefully at what the policy offers and determining if it is suitable for your needs.

Credit Protection Tips While Surfing The Internet

A person’s credit information is vital. If it reaches malicious hands, the identity of this person can be stolen and be used in ways that will eventually destroy that person’s credit and credibility. A person who does not protect his credit information can be easily victimized by identity theft.

In the good old days, credit protection is easy. There is only one thing to remember: do not provide financial information to a stranger unless that stranger is someone that can be…
credit protection, prevent identity theft, identity theft protection
A person’s credit information is vital. If it reaches malicious hands, the identity of this person can be stolen and be used in ways that will eventually destroy that person’s credit and credibility. A person who does not protect his credit information can be easily victimized by identity theft.

In the good old days, credit protection is easy. There is only one thing to remember: do not provide financial information to a stranger unless that stranger is someone that can be trusted. Thus, it is safe to give the social security number when applying for a driver’s license but it is dangerous to give that same number to someone who claims to be selling insurance policies through the phone.

Today, credit protection becomes complicated with the popularity of the internet. Thousands of internet surfers are careless in giving away information about their life. And the new internet users are simply trigger happy in clicking all kinds of links. They don’t realize how dangerous it can be when a person goes online.

However, there are simple and effective ways of dealing with cyber criminals who are out to steal identity. Every person must be familiar with these ways before they even begin to surf. Here are some examples of these credit protection tips.

• Physical Location – Any company that is selling an item and asking for credit card information must display the address of its physical location in its website. If it is the person’s first time to encounter such company, it is wise to first check if such physical location actually exists. If it cannot be found, then that company should be regarded suspiciously and credit card information should be withheld.

• Credit Reporting Agency – One important aspect of credit protection is credit monitoring. A credit reporting agency (CRA) can quickly identify, usually within a month’s activity, if a person’s credit information is being illegally utilized by another. In the United States, the three major credit reporting agencies are Equifax, Experian, and TransUnion. It is also a good idea to have one of these CRAs create a security watch so that the people who are obtaining credit information will be limited.

• Firewall Protection – As technology advances, the thief’s tricks of his trade also advances. The cyber-thieves have learned how to hack into a computer and steal information. The best way to ensure credit protection is to install a security system inside the computer. This security system must be constantly updated so that it will have the capacity to block off new strategies in hacking into a computer. If the computer’s security system is neither robust nor effective, it is recommended that a personal firewall is created. To be a hundred percent sure, a person should never store any personal credit information in his computer.

The internet is not the culprit when identity theft happens. The internet is just a tool, albeit a high-technology one. The real culprit is the thief which uses the internet. With the credit protection tips described above, a person can set up defenses against such thieves by also using the internet.

Measuring Your Fiscal Fitness

Do you need help managing your debt? Here are some tips on choosing a credit counselor.
counseling, credit, services, credit counseling, debt, organization, organizations, offer, financial, develop, information, counselors
Are you living paycheck to paycheck? Worried about debt collectors? Can’t seem to develop a workable budget, let alone save money for retirement? If this sounds familiar, you may want to consider the services of a credit counselor. Many credit counseling organizations are nonprofit and work with you to solve your financial problems. But beware — just because an organization says it is “nonprofit” doesn’t guarantee that its services are free or affordable, or that its services are legitimate. In fact, some credit counseling organizations charge high fees, some of which may be hidden, or urge consumers to make “voluntary” contributions that cause them to fall deeper into debt.

Most credit counselors offer services through local offices, the Internet, or on the telephone. If possible, find an organization that offers in-person counseling. Many universities, military bases, credit unions, housing authorities, and branches of the U.S. Cooperative Extension Service operate nonprofit credit counseling programs. Your financial institution, local consumer protection agency, and friends and family also may be good sources of information and referrals.

Choosing a Credit Counseling Organization
Reputable credit counseling organizations advise you on managing your money and debts, help you develop a budget, and usually offer free educational materials and workshops. Their counselors are certified and trained in the areas of consumer credit, money and debt management, and budgeting. Counselors discuss your entire financial situation with you, and help you develop a personalized plan to solve your money problems. An initial counseling session typically lasts an hour, with an offer of follow-up sessions.

A reputable credit counseling agency should send you free information about itself and the services it provides without requiring you to provide any details about your situation. If a firm doesn’t do that, consider it a red flag and go elsewhere for help.

Once you’ve developed a list of potential counseling agencies, check them out with your state Attorney General, local consumer protection agency, and Better Business Bureau. They can tell you if consumers have filed complaints about them. (But even if there are no complaints about them, it’s not a guarantee that they’re legitimate.) The United States Trustee Program also keeps a list of credit counseling agencies that have been approved to provide pre-bankruptcy counseling. After you’ve done your background investigation, it’s time for the most important research — you should interview the final “candidates.”

Questions to Ask
Here are some questions to ask to help you find the best counselor for you.

What services do you offer? Look for an organization that offers a range of services, including budget counseling, and savings and debt management classes. Avoid organizations that push a debt management plan (DMP) as your only option before they spend a significant amount of time analyzing your financial situation.

Do you offer information? Are educational materials available for free? Avoid organizations that charge for information.

In addition to helping me solve my immediate problem, will you help me develop a plan for avoiding problems in the future?

What are your fees? Are there set-up and/or monthly fees? Get a specific price quote in writing.

What if I can’t afford to pay your fees or make contributions? If an organization won’t help you because you can’t afford to pay, look elsewhere for help.

Will I have a formal written agreement or contract with you? Don’t sign anything without reading it first. Make sure all verbal promises are in writing.

Are you licensed to offer your services in my state?

What are the qualifications of your counselors? Are they accredited or certified by an outside organization? If so, by whom? If not, how are they trained? Try to use an organization whose counselors are trained by a non-affiliated party.

What assurance do I have that information about me (including my address, phone number, and financial information) will be kept confidential and secure?

How are your employees compensated? Are they paid more if I sign up for certain services, if I pay a fee, or if I make a contribution to your organization? If the answer is yes, consider it a red flag and go elsewhere for help.

Managing your debt is the first step to credit repair. Do youor homework, and if necessary, seek the help of professional services.

San Jose California Real Estate

San Jose, California, is located in Santa Clara County and is in the heart of Silicon Valley. With a population of 894,943, San Jose is a vibrant, thriving metropolitan community.
Finance, refinance, mortgage, home loan, credit, real estate, broker, banker, lender, borrowing, money, rates, closing costs, home purchase
San Jose, California, is located in Santa Clara County and is in the heart of Silicon Valley. With a population of 894,943, San Jose is a vibrant, thriving metropolitan community. Culture, arts, and technology dominate here as evidenced by the innovative Tech Museum, the San Jose Museum of Art, and the Children’s Museum. Additionally, a campus of the California State University calls San Jose home. The newly developed Santana Row, a pedestrian arcade of upscale restaurants and designer shops combined with luxury apartments reflect the city’s trend-setting and upwardly mobile lifestyles.

San Jose Homes

San Jose properties pool is 276,417 residential properties including San Jose new homes. The median age of real estate in San Jose is 1972. The average household size is 3.62 people. 5% are one bedroom homes, 20% are 2 bedroom homes, 37% are 3 bedroom homes, 30% are 4 bedroom homes, and 6% are 5+ bedroom homes. Architectural styles of home vary in San Jose. Victorians, craftsman bungalows, and condominiums abound in this historic and contemporary city.

San Jose Mortgage Statistics

Homes With No Mortgage 17%
Homes With Mortgage 83%
First Mortgage Only 61%
First & Second Mortgage or HELOC 22%

San Jose Area Real Estate Tax

San Jose Real estate Tax: Median Real Estate Taxes (2000) were $2,423 compared to 1999 Median Family income $ 74,813. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

San Jose School District: Children make up 26.4% of San Jose population. San Jose has 236,124 under 18 years old residents, or 0.55 kids per one worker, or 0.85 kids per one household.

San Jose Real Estate & San Jose Homeownership

There are 49755.06 or 18% one person households, 77396.76 or 28% two person households, and 46990.89 or 17% three person households in San Jose, California. The median residents’ age is 32.6. Senior citizens (65+) make up 73,860 or 8.3%% of San Jose population.

There are 427,984 workers (over 16 years of age) in San Jose working in all sectors of industries. The technology field, however, dominate. While public transport is available, 90.45% of workers drive to their place of employment. Approximately 4.08% of workers in San Jose take public transportation. An estimated 1.44% walk to work.

Median San Jose homeowner’s housing expenses are 22.3%

Crime in San Jose (2003), crimes per 10,000 residents per year
Violent Crimes 37.75
Robberies 9.11
Aggravated Assaults 25.2
Property Crimes 231.84
Burglaries 37.03
Larceny-Thefts 153.86
Motor Vehicle Thefts 40.94

Invest in San Jose Properties

When making a decision about buying real estate in San Jose California area, you should consider following statistical data:
Near Medium City
Near Large City
San Jose Zip Codes 95101, 95102, 95110, 95111, 95112, 95113, 95116, 95117, 95118, 95119, 95120, 95121, 95122, 95123, 95124, 95125, 95126, 95127, 95128, 95129, 95130, 95131, 95132, 95133, 95134, 95135, 95136, 95137, 95138, 95139, 95140, 95141, 95142, 95148
San Jose Area Codes 408
White population 47.49%
African-American population 3.5%
Asian 26.86%
American Indian & Alaskan
Hispanic (of any race) 30.17%
Median Family Income (1999) $ 74,813%
Population Below Poverty Level 8.7%

How Do You Dispute An Error On Your Credit Card?

Have you ever ordered something and gotten billed for it but didn’t receive the merchandise? What do you do next?
card, credit, credit card, issuer, card issuer, credit card issuer, dispute, delivery, debit, debit card, shipment
If you have ever ordered anything using your credit card and you haven’t received it but you were billed for it, you have some options. Once you get over your initial anger, calmly follow these steps.

Write to the credit card issuer at the address for “billing inquiries,” not the address for sending your payments (the address for billing inquiries is often found on the back of your most recent monthly statement); include your name, address, account number and a description of the billing error.

Send your letter so that it reaches the credit card issuer within 60 days after the first bill containing the error was mailed to you.

Send your letter by certified mail, return receipt requested, so you have proof of what the credit card issuer received. Include copies (not originals) of sales slips or other documents that support your position. Keep a copy of your dispute letter.

It is important to send the letter to the correct company. In the case of Visa and MasterCard, you should send it to the bank that issued the card.

The credit card issuer must acknowledge your complaint in writing within 30 days after receiving it, unless the problem has already been resolved. And the credit card issuer must resolve the dispute within two billing cycles (but not more than 90 days) after receiving your letter.

What happens while your bill is in dispute?

You may withhold payment on the disputed amount (and related charges), during the investigation, but you must pay any part of the bill not in question, including any finance charges on the undisputed amount. Hi-light or circle the disputed item(s).

The credit card issuer may not take any legal or other action to collect the disputed amount and the related charges (including finance charges) during the investigation. While your account cannot be closed or restricted, the disputed amount may be applied against your credit limit.

You placed an order with a catalog company and they charged your credit card immediately. The catalog company contacts you two weeks later and says the shipment will be delayed 60 days. You agree to the delay. The 60 days have passed and you don’t have the merchandise. Can you still dispute the charge?

Maybe. In delayed shipment situations, credit card issuers often are more generous when they calculate the time for allowing disputes. To take advantage of this flexibility, include the following information in your dispute letter.

Tell the credit card issuer if the premature charge was unexpected. Some credit card issuers make an exception to the general industry rule against merchants charging before shipping if the merchant tells you about its practice at the time of sale. If you’re certain the merchant said nothing or wasn’t clear about its charge practice, the credit card issuer is more likely to allow the dispute.

Tell the credit card issuer when delivery was expected. In no delivery situations, some credit card issuers will use the expected date of delivery rather than the charge date as the start time for you to dispute charges. If you dispute the charge within a reasonable time after the expected delivery date passes, chances are good that the credit card issuer will honor the dispute. When you order or when a merchant notifies you of delayed shipment, it’s important to keep a record of the promised shipment or delivery date. Include a copy of any documentation of the shipment or delivery date when disputing the charge with your credit card issuer.

What if you used a debit card to pay for the merchandise? The consumer protections for a debit card fall under the Electronic Fund Transfer Act (EFTA) and may differ from protections for a credit card under the Fair Credit Billing Act (FCBA). So you may not be able to dispute a debit and get a refund for non-delivery or late delivery. Still, some debit card issuers voluntarily offer protections and solutions to problems like the failure to receive merchandise bought with a debit card. Contact your debit card issuer for more information about particular policies and protections.

What if you financed your purchase through the merchant? If you financed your purchase through the merchant, you also may have protections under state and federal law. Check your credit contract for the following language: Notice: Any holder of this consumer credit contract is subject to all claims and defenses which the debtor could assert against the seller of goods or services obtained with the proceeds hereof. It means that you may be able to claim that the seller failed to deliver the goods as stated in your credit contract.

Don’t just suck it up and take the loss. It may take a little time to resolve your problem, but the law is on your side. Just follow the steps to file your dispute, provide the necessary paperwork, and let the system correct the problem.

Before You Buy

Buying a home when you have bad credit takes a little more work. Before you start looking for a home, figure out what you can realistically afford to pay per month. Check out the market in the area you want to buy. Find out what price houses are going for and what the payments are per month. Remember that you may end up paying a little more per month than someone with a conventional bank loan, so keep that in mind as you figure out what you can afford…
bad credit, mortgages, loan, home, house, real estate
Buying a home when you have bad credit takes a little more work. Before you start looking for a home, figure out what you can realistically afford to pay per month. Check out the market in the area you want to buy. Find out what price houses are going for and what the payments are per month. Remember that you may end up paying a little more per month than someone with a conventional bank loan, so keep that in mind as you figure out what you can afford.

You are going to have to work harder to find a home you can get without a loan. You will have to shop around more. So, concentrate on your needs in housing before your wants. Make a list of the minimum that you will accept in a house. Only write down your essential needs. Do you have to have three bedrooms or can you make do with less? Do you have to have a two-car garage or will a carport do? Do you have to have a single story home for health reasons? How close do you have to be to a school?

Make a separate list of the things you want. Wants might include things like a pool or hot tub, a walk-in closet, wooden floors, a deck, or a certain type of architecture. It would be nice if you can find a home with some of your wants, but to begin with, concentrate on finding a home that meets your needs. Often many of these things can be added to a home later.

Also make a third list of things you absolutely do not want in a home, such as: too many stairs to climb, a fixer-upper, certain areas of town you dislike, a location too close to a freeway, or a location too far from the center of town.

You may not be in a position to be too picky. Perhaps you can make do with a smaller home for now, while you establish your credit and get equity in the smaller home. Then you will be in a position to trade that home in for a bigger home.

Re-establishing your financial footing is not as difficult as it used to be, but it is impossible if you attempt to buy more house than makes sense. Be conservative!