Credit Plus Health By Sean Toh - Suze Orman - Suze Orman 12 Steps To Wealth

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Suze Orman: Twelve Steps to Wealth - Step 7

The Four Steps To Financial Freedom - Sean Toh

Step1 - The road to financial freedom is to have great health so that you are in good shape to learn.

Step 2 - An open mindset to start learning and practicing what you have learned.

Step 3 - Investing your time in your financial & health education so that you are in control of your life to create wealth to enjoy a better life.

Step 4 - Enjoy the wealth that you have created because you have been taking care of your health.



	Step Seven: Buying a Home Owning a home is a keystone of wealth�both financial affluence and emotional security. With mortgage interest rates still at or near historic lows, this remains an optimum time to consider buying a home. Here are five things you should know right now: One: Look for good value at a price you know you can manage. Don't worry overly much about buying into a "housing bubble," says Barry Habib, a national sales trainer for GMAC Mortgage and the mortgage consultant for CNBC. "And be sure not to get into a bidding war," he says. Two: Opt for a fixed-rate rather than an adjustable-rate mortgage. When mortgage interest rates are low (below 7 percent), as they are now, you will lock in a good rate for the life of the loan. Experts predict that mortgage rates may begin to rise slightly at the end of the year, so try to apply for a mortgage sooner rather than later. Three: If you're buying a new-construction home, consider locking in a favorable interest rate before you close on it, especially if you'll have to wait months before construction is finished. An extended rate lock costs a little extra but will protect you against climbing rates. Four: Ignore the annual percentage rate when shopping for a mortgage. It's probably better to choose a slightly higher fixed rate with no points and low fees than an advertised lower rate with points and higher fees or higher closing costs that are not tax-deductible. Always do the math yourself, or ask your broker to explain all the costs and fees involved. Five: Consider a 15- or 20-year fixed-rate mortgage instead of a 30-year, if you can afford the monthly payments�they may not be as high as you think. The benefits: You'll get a lower mortgage interest rate, build home equity faster, pay less in total interest over the life of your mortgage loan, and be debt-free 10 to 15 years earlier. By Suze Orman

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