6 Reasons a Mortgage Pre-Approval Might Be Withdrawn

Getting a mortgage pre-approval should be everyone’s first step when they start looking at new
homes for sale.  For the seasoned homebuyer, they feel they have it covered and many first time home buyers do not realize the importance of a conditional pre-approval.

Having finance in place from the beginning lets you know exactly which homes currently for
sale on the real estate market you can afford. It also puts you and your real estate agent in a
strong negotiating position once you’ve found that perfect dream home, and it speeds up closing
to reduce the risks of the deal falling through.

However, a pre-approval isn’t foolproof. It’s rare for this to happen, but a mortgage approval can
be withdrawn at the last minute, leaving you high, dry, and without your dream home.
Luckily, most of the things that can cause this disappointment are under your direct control.

Here’s what to avoid if you want to keep your mortgage pre-approval valid and intact.

1) Changing Jobs

Switching jobs is a big no-no during the closing process. You may think moving to a better-paid
job would improve your credit score, but the opposite can be true.

If you leave a longstanding position for something new and unknown, you’re introducing a new
element of instability into your financial situation. This may be enough to give a mortgage lender
cold feet.

This is especially true if you make a substantial career change rather than receiving a promotion
within the same company or field.

Investing in Apartments Can Create Income Resulting in Generational Wealth
2) New Bad Credit Items

Although you don’t need perfect credit to buy a home, you should strive to avoid any new
negative entries on your file once your pre-approval has been granted.

A single black mark on your record could be enough to push you down a level in the lender’s
approval ratings, and they may insist you restart the application process because of it.

3) Taking on Extra Debt

Even if you have a great credit rating, it’s important not to increase the amount you owe until the
home’s keys are in your hand. Do not apply for any new credit. Your total indebtedness is a huge factor in your credit rating, and you want to avoid this changing for the worse.

Resist the temptation to spend anything on your credit cards, even for essentials such as
furnishings for your new home, unless you can pay it back immediately.

4) Opening New Credit Lines

In the same way, don’t take out any new credit cards or other credit lines. Don’t accept any credit
limit increases your card issuers may offer, or any new overdraft facilities from your bank.
If you suddenly have an easy way to run up more debt, this increases the risks for your mortgage
lender. They could easily withdraw their offer while they reconsider.

5) Approval Criteria Changes

All mortgage lenders refine their approval criteria over time. You may find that a loan you were
approved for six months ago now has tighter acceptance requirements.

Because of this, don’t let your pre-approval grow stale. Even if it has a long period of validity in
principle, it’s best to refresh it if you’ve been house hunting for more than a few months. You
don’t want to risk having to reapply on new terms if there’s a delay in closing.

Mortgage Myths

6) Appraisal Problems

Lastly, if there’s a problem with the home’s appraisal you could see the mortgage offer being
withdrawn. Unfortunately, there’s little you can do if this happens.

The lender may agree to offer new finance if the sale price can be negotiated downward, but this
is risky for your financial future. Don’t let enthusiasm blind you to any problems an appraisal
turns up, or you may quickly come to regret going through with the purchase.

Not all of these changes guarantee your pre-approval will be withdrawn. Lenders will always
allow some leeway, and it will take a human review before any decision is made.

However, it’s best not to take any risks during closing, where a delay could make the whole deal
fall through. If you have any doubts about possible changes in your circumstances, it’s worth
paying for the advice of an impartial mortgage consultant.

But on the whole, once you’ve received your pre-approval and the buying process is advancing,
keep your money life as stable as possible to avoid the crushing disappointment of losing your
perfect dream home.

Investing in Apartments Can Create Income Resulting in Generational Wealth

There Will Always be Renters

There are three types of people in this world: those who rent, those who own, and those who don’t care about either and live their lives traveling from place to place, never staying in one spot. Homeowners understand that a place to live is needed in order to raise a family, have a job close by, and be able to drive to the city’s attractions. They also understand that if they have a mortgage, the payment must be made every month to avoid foreclosure. The same is true for renters, they understand that rent is due every month as well, but the main difference is not having the option of owning the apartment, unless of course, they choose to purchase apartments as an investment. For that reason, this article is not about how to buy a home, or sell a home, but rather how to purchase apartment buildings as an investment in real estate.

Of the many types of property investments out there, by far one of the most lucrative and long-term wealth vehicles has been apartment buildings. Apartment buildings create primary and secondary wealth for individuals because the sale includes both the actual land under the building, the building structure itself, and the business that happens at that property. In this case, the business is that or renting individual units. So why and how is this more lucrative than other realty business?

Key Principles

For starters, the key principles in the deal receive a percentage anywhere from 3 to 5% of the total purchase price of the apartment building. This is called an “acquisition fee“. A fund must be created in order to raise money from investors, unless the deal can be closed without the need of any investors. This percentage is similar to what a Realtor would make, except that the check is awarded for doing the research, analyzing the deals, putting the teams in place, finding the market(s), and all unpaid. The Realtor gets paid no matter what, and in an apartment building transaction they should NEVER be “cut out”.

The second lucrative aspect of investing in apartments is the monthly cash flow. Cash flow is the blood of any business and it is essential that a business makes money in order for it to continue. In an apartment building, the renters pay for everything. This is the reason why analyzing close to 100 deals is a rule of thumb before finding one that will be able to pay its own mortgage, and other expenses, while providing monthly profits (cash flow) for the principles and the investors.

Thirdly, investing in apartment buildings can create a huge increase in wealth in two ways. The first being raising the rents. This is possible in almost every market and the math is fairly simple. Imagine owning a 150 unit building where rents can be raised by say $200. This would equal an extra $30,000 per month, or $360,000 per year. The impact this can have on the return on investment is huge and may even retire an individual from ever having to work again. Lastly, owning an apartment building, means one owns a percentage of the equity and will benefit as the economy grows, the building is improved, and it increases in appreciation. Going back to that same deal, imagine that the 150 unit building was purchased for $4,500,000 and appreciated 2% per year. In five years, the building would be worth $5,175,000.

Apartment Ownership can be a Game Changer

Apartment buildings can be a major game-changer for people’s career and retirement portfolio. Apartment buildings are in the “economies of scale” section of finance and should be treated as a major trophy that could potentially create a cash flow machine for creating long-term wealth for generations. If you are able, this may be the best type of property to invest in.

Rolls-Royce Phantom Coupe

Most Expensive Cars In the World

#8 Rolls-Royce Phantom – $379,000

Top eight most expensive cars in the world – Rolls-Royce Phantom is in the eighth place and you can possess it for $379,000. The luxury saloon automobile is a subsidiary of the BMW and is manufactured by the Rolls-Royce Motor Cars. The car was unveiled in 2003 and what the world got to see was a wonderful car built on an aluminum spaceframe.

The Rolls Royce Phantom Coupe has a 48-valve, 6.8 L, V12 engine that is engaged in the production of 453 hp of torque. The Phantom car can be accelerated to 60 mph in 5.7 s. The engine has been derived from the existing V12 powerplant of BMW. The car has a six-speed automatic transmission as well as a double wishbone suspension.

Rolls-Royce Phantom Coupe and its features

These cars have sidemarkers on all the vehicles; in the rear parts of the cars you have the red sidemarker in the US, and this has been done for complying with federal car lighting laws. The Phantom car looks quite like the cheaper S-Class Sedan and also shares quite a number of its components with it.

The body of the car is built in a BMW plant in Dingolfing, Germany and the V12 engine is built in Munich. You can go to the plant at Goodwood, West Sussex in England for getting the leather and woodwork done according to your personal specifications. The Goodwood plant has merely two robots for painting the spaceframe body. Though machines are a wonderful replacement for people, but still physical labor can get the best in terms of finest quality work and detailing.

The car made of over 200 extruded aluminum profiles as well as 300 sheet parts beautifully manages low weight with extreme strength. The making of the car is such that it provides a powerful performance without the disturbance or apparent effort to the passengers and the driver.

This car is a hand-built one accompanied with the quality assurance and intelligent assistance of the latest technology and this makes the eighth car of the top eight most expensive cars in the world a special motor car.

The engine is extremely fuel efficient owing to the fact that it is accompanied with the latest technology that includes direct injection, variable valve lift, and variable valve timing; the variable valve lift gets rid of the need for throttle batteries as well as the efficiency losses that accompany them.

Each individual car gets its own special character when the wood grain is book matched on each panel. Here, the right as well as the left grain structures is symmetrical to each other. Once finished, you will find that the wood effect is very much appealing to eyes. Apart from the woodwork, this car among the top eight most expensive cars of the world makes use of 450 pieces of leather that are cut with the aid of a computer-guided knife. The pieces are sewn together by a very efficient and skilled team.

If you can spend lots of money to get your dream car that will enable you to drive in luxury, then look no further; Rolls-Royce Phantom is it – the eighth final in the list of the top eight most expensive cars in the world.

Maybach 62

Most Expensive Cars In The World

#7 Maybach 62 – $385,250

Top eight most expensive cars in the world – #7 Maybach 62 is for the aristocrat class, simply because it comes with a cool price tag that reads $385,250. This car is one of the first automobile models of Maybach ever since the brand has been revived by DaimlerChrysler. The Maybach 62 is an ultra-luxurious automobile that has been designed by making a provision for a chauffeur.

The car is all about luxury and that is visible from its features. The car consists fully-reclining rear seats, AirMATIC dual control air suspension, Maybach 4 zone climate control, laminated, infrared-reflecting, tinted glass all around the car, folding rear tables to the left and right, display instruments in rear roof liner, a refrigerator compartment and BOSE Surround Everywhere sound system.

Maybach 62 Features

The features are such that they make driving a pleasure-filled experience for you. Apart from the aforementioned features, the car also flaunts features like Cockpit Management and Navigation System (COMAND), CD changer in rear seats, DVD navigation, TV tuners front and rear as well as DVD players, two sets of headphones, two rear LCD TV screens accompanied with the remote control, and you also automatic closing doors.

The seventh car of the top eight most expensive cars in the world comes armed with the modern automotive technology, which has been crafted in a state-of-the-art manufacturing facility. Maybach 62 bears testimony to the fact that it has been designed with strict attention to detail. Maybach claims to occupy a high-end position in the luxury car segment. The features of the luxury car are smart and are considered to be an ideal blend of the classic and avant-garde features.

You can also have optional extras for your car. A few of those optional extras include an external communication system for $1780, which comes with a microphone system and a loudspeaker that makes it convenient for the one in the rear of the Maybach to talk as well as listen to the people not inside the car, and you also can get a panoramic glass sun roof at a cost of $11,670.

If you can spend some more, then you can get a retractable electro-transparent partition screen between the rear occupants of the car and the driver for $23,780. If you still want to add on optional features and if money is not a factor with you, then you can also have the highly expensive GUARD B4 Package for high protection that will come for a steep price like $151,810.

The Maybach is an automobile for life. Its technological excellence is proved by its design perfection, perfect elegance and aesthetics. Maybach 62 thus is rightfully placed in the seventh slot of the top eight most expensive cars in the world.

Mercedes SLR McLaren

Most Expensive Cars In The World

#6 Mercedes SLR McLaren $455,500

The top eight most expensive cars in the world list include the luxurious Mercedes SLR McLaren it’s Inspired by the 1955 model of Mercedes-Benz 300 SLR. Priced at $455,500 it is at par with other exotic sports cars in the business to include Porsche Carrera GT and Ferrari Enzo.

Mercedes SLR McLaren is run by a hand-built 5.4-litre, supercharged V8 front-mid mounted engine. The 232-kilogram (512 lb), mighty all-aluminum, SOHC V8 engine, forms the backbone of this wonder car. With a compression ratio of 8.8:1 and the bore and stroke at 97 millimeter (3.82 in) and 92 millimeters (3.62 in), respectively, the master car produces a maximum power of 626 PS (617 hp/460 kW) at 6500 revolutions per minute and a maximum torque of 780 newton-meters (575 ft·lbf) at 3250 revolutions per minute.

Some exclusive driving characteristics include the presence of an automatic gear box and a front mid-engined arrangement that surpass all limitations to rank it as among the top eight most expensive cars in the world. Its every unique and adept configuration classifies it as the super GT, with Aston Martin V12 Vanquish and Ferrari 599 GTB being its nearest rivals.

The carbon-ceramic brake discs of the car provides with a better grip over the wheels. Its brake speed is at 210 mph to 0 in 94.3 feet. While the internally vented front discs are 370 mm in diameter, the brake discs are said to be fairly fade resistant to 1200°C. The internal discs have 8 piston calipers, while the 360 mm broad rear discs use 4 piston calipers.

Undoubtedly the car has been ranked among the top eight most expensive cars in the world, mainly due to its excelling performance, along with some unique features. The German magazine Auto Motor und Sport, in 2004, described that the car accelerates 0 to 100 km/h in 3.8 seconds, 200 km/h in 10.7 seconds, and 300 km/h in 30.6 seconds. Even though the car weighs somewhat around 2-ton, the far superior fuel economy of the SLR McLaren makes it surpass all other lighter models, thus placing it among the top eight most expensive cars in the world.

Porsche Carrera GT

Most Expensive cars In The World

#5 Porsche Carrera GT $484,000

Top Eight Most Expensive cars In The World includes the name ‘Porsche Carrera GT’ at the fifth position. The ‘car of dreams’, Porsche, has the most fascinating features, accentuating the look of a sports car, meant for the rich and poised. Its super refined technology gives it an edge over the other street ragers. The car costs staggering $484,000.

A brief knowledge about the car’s past story will help you get acquainted with the four-wheeler from its roots. The car was introduced to the market, immediately after the 911 GT1 and LMP1-98 racing cars disappeared from the roads. Porsche planned for the new Le Mans prototype in 1999. However, the project was dismissed for a certain time period due to some problems. However, later Porsche decided to keep the project alive and develop the Carrera Gts. The production started in 2004.

Porsche Carrera GT Expensive Car Design

The car is a rage on the road. It takes you on a gleeful ride, gliding you through the roads, rendering a smooth drive all through your ride. The car is powered by 5.7 litre V10 engine, producing a horse power of 450 kW. The car boasts about an acceleration of 100 km/h in just 3.9 seconds, with a maximum speed of 330 km/h.

It is a stylish car with a combination of five colors making it the most adorable street rager. The five paints include Fayence Yellow, Guards Red, Seal Grey, Basalt Black and GT Silver. The air dams and the large side inlets help to cool the large V10 frame by the carbon fibre rear hood. The pad brakes are embraced in 15 inch ceramic, which brings an impressive appearance underneath the 19th inch front and the 20 inch rear tires. The GT model also includes an automated rear wing spoiler.

The seats are sophisticated in soft leather and throughout the interior the speckled look in dazzling leather is everything to steal your heart. Very ‘Porsche’ in style, the ignition is to the left of the steering wheel. The car is installed with super refined technology that incorporates a pure carbon fiber monocoque and subframe, inboard suspension and dry sump lubrication. What is special about the car is that, its radiator is about five times the size of a 911 turbo’s. When driving the car, you may miss out on the dynamic stability control, but you will surely love the traction control, that proves to be a better substitute.

Hence, if you are willing the savor the best of best technology blend with remarkable features on road, then go for the Porsche Carrera GT, trumpeting its glorious fifth position out of the top eight most expensive cars in the world.

Most Expensive Cars In The World

# 4 Koenigsegg CCX $600,910

Top Eight most expensive cars in the world – Koenigsegg CCX is in the fourth position. This model of the car is the latest supercar from Koenigsegg. CCX implies Competition Coupe X. The “X” in the name of this supercar denotes the 10th anniversary of the completion and test drive of the first CC vehicle in 1996.

You will find that the car is more suitable for the US market and so it is engineered for complying with the US regulations. This automobile is designed and manufactured at the Koenigsegg factory in Ängelholm, Sweden, and it was presented before the world at the 2004 Geneva Auto Show. The car had held the world speed record for a production car briefly in the past.

Koenigsegg CCX Features

Koenigsegg CCX is a two-door targa top and for your convenience the removable roof can be stored under the front trunk. This car like all the Koenigseggs also has “dihedral synchro-helix” actuation doors, which keep rotating forwards and upwards like the scissor doors. The CCX model of Koenigsegg design keeps off the open door problem that hinders the entry or exit of the passenger.

The CCX model is 1.61 inch taller than the CCR model. The smart car reveals carbon fiber reinforced plastic sports seats by Sparco and it also allows 1.97 inch additional headroom that is very convenient. The CCX is better than the previous model CCR model of Koenigsegg in the sense that the car comes without physical fuses and is also lighter than the previous system.

If you are keen on buying the fifth of the top eight most expensive cars in the world, then you will be interested to know about the performance of the car. The car has the capacity to complete a standing quarter mile in 9.9 seconds having an end speed of 146 miles per hour.

The engine of the CCX being based on the Ford Modular engine architecture is a 4.7 liter V8 that comes with 4 valves per cylinder and dual overhead camshafts. The block of the engine is made of 356 Aluminum, which has undergone the T7 heat treatment; the heat treatment is a kind of accelerated precipitation strengthening. The engine of the car is boosted by two centrifugal superchargers, which are responsible for increasing the compression to 17.5 psi with a compression ratio of 8.2:1.

The car is powered by all aluminum, 4700 cm³ DOHC 32-valve V8 based on the Ford Modular engine architecture, which is further improved with twin Rotrex centrifugal superchargers that come accompanied with response system, an 8.2:1 compression ratio and a 1.2 bar boost pressure.

Koenigsegg CCX is really a wonderful car and if you can afford it; never miss the chance to get one for your own. You will be admired if you get this car that is one of the top eight most expensive cars in the world.

Most Expensive Cars In The World

#3 Pagani Zonda – $741,000

Top eight most expensive cars in the world have the name of the Pagani Zonda C12 F at the third position. The car can be yours for $741,000. This car is an asset to have and is worthy of being so expensive. It was highly admired at the Geneva Motor Show.

The power of the car Pagani Zonda C12 F has been increased to 602 PS accompanied and the car gives you a top speed of over 374 km/h that’s 232.3 mp/h. The car is a supercar that is a production of Pagani in Italy. It has derived its name from the F1 driver Juan Manuel Fangio. The car having the third slot among the top eight of the world’s expensive cars is a mid-engined 2-seat coupe and is convertible.

Pagani Zonda C12 F Features

The Pagani Zonda has been constructed mainly with carbon fiber. This smart car has a removable carbon fibre roof as well as canvas side curtains that weigh just 11 lb (5 kg). Pagani makes use of the racecar thinking, strengthening the firewall structure of the chassis tub, materials and construction techniques, as well as billet alloy braces that join the points where the roof rails were to be joined.

The top speed of the car can be further squeezed by making adjustments in the aerodynamic settings. The top speed of the car, 232 mph, can be achieved on the setting for the best handling that offers the most down force and at the same time also has the highest drag coefficient. If you would adjust the aerodynamic settings, the top speed of the car would be greater.

It would be sensible if the car was set up for maximum down force, then the top speed of the car would be dropping to about 200 mph. This claim has been supported by company representatives at Pagani’s factory. According to the EVO article, the aerodynamic parts, especially the ones that created drag were actually removed during the run; this fact brought about the claims of Pagani into question.

This car is also popular as the record holder for being the fastest lap by any production super car. If you have the money to own this super car, then get the car with the third rank among the top eight most expensive cars in the world. The car has various fog lights at the sides and an additional head light. The car also flaunts many side mirrors and has new bodywork to enhance the aerodynamics of the car.

The features that support the car’s development of rigidity and the reduction of weight include magnesium wheels, hydroformed aluminum intake plenum, inconel titanium exhaust system, as well as a redesigned ‘Z preg’ weave in the crash structure. The car is an owner’s pride, surely a good car to be flaunted among the top eight most expensive cars in the world.

Top Eight Most Expensive Cars In the World 2008

#2 Enzo Ferrari – $1,000,000

Top Eight most expensive cars in the world 2008 reveals the name of the Enzo Ferrari. The car is priced at a neat $1,000,000, which makes it affordable only for the rich. The car is a 12-cylinder Ferrari supercar that has been named after the founder of the company, Enzo Ferrari.

The car was built in 2003 making use of the Formula One technology, like it has F1-style sequential shift transmission, a carbon-fiber body and carbon-ceramic brake discs. Active aerodynamics is also enabled in the car even though this technology is not supported by F1 technology.

The Enzo Ferrari and its features

The Enzo Ferrari has a semi-automatic transmission (called Electrohydraulic Manual Transmission)  that enables the using of paddles for controlling an automated shifting and clutch mechanism. The LED lights that you see on the steering wheel of this car informs the driver when its time to change the gears. The Enzo Ferrari comes accompanied with 4-wheel independent suspension with push-rod actuated shock absorbers, for which adjustments can be made from the cabin; you will get anti-roll bars at the front as well as at the rear.

The excellent performance of the Ferrari Enzo justifies it being in the top eight most expensive cars in the world. Once you take a look at this car, you will know that the car has been prepared for taking to the roads conveniently revealing extreme sportiness. The car is absolutely perfect for road use and at the same time also mirrors the advanced concepts of Formula 1 racing technology.

Glance at the cool body of the car; it is a treat to see its beauty. Advanced and composite materials have been used for the making of the body of this car. Sandwich panels of carbon fiber as well as Nomex enabled the designer of the car to structure the body shell and at the same time adjust the weight to a minimum, and then going on to create very stylistic forms.

The front of the car with its two intakes for the radiators together with the raised central section resembles the Formula 1 front section that comes with a raised nose, a small pointed head and air-intakes under the spoilers in a gull-wing effect.

The sides of the Enzo Ferrari are facilitated with the use of composites, which are shaped to optimize the air-flow with regard to internal fluid dynamics. If you can afford this expensive car, then definitely buy it. You can gat dealer information at the Ferrari website. This excellent sports car takes the world by storm is rightfully placed in the second slot of the top eight most expensive cars in the world.

Most Expensive Cars: Bugatti

Top Eight Most Expensive Cars In The World

#1 Bugatti Veyron $1,700,000

Most Expensive Cars In The World – #1 Bugatti Veyron. Run your eyes down the list of the top eight most expensive cars in the world, you will find the Bugatti Veyron stands proudly on top of the list. Yes, the Bugatti Veyron 16.4 is the world’s most expensive car at present. This street-legal full production car comes with more than 1001 horsepower and a top speed of 253.81 mph. See Video>>>

Volkswagen AG subsidiary Bugatti Automobiles SAS has built the car in its Molsheim factory; the car is sold under the French Bugatti marque. If you want to have a luxurious life and want to enjoy it to the lees, this car is all for you. The car mirrors an amazing French technology and you will love it when driving. The car will surely be a smart way to indulge your senses.

Most Expensive Car In The World Features
The car derived its name from Pierre Veyron, who is a racing car driver for the original Bugatti firm and has won the 24 hours of Le Mans in 1939. The top speed of the car and its powerful performance is responsible for the sky-rocketed price tag of the world’s most expensive car.

The car stands proud by flaunting a W16 engine – 16 cylinders in 4 banks of 4 cylinders. Each of the cylinders has 4 valves for a total of 64; the narrow V8 configuration enables the 2 camshafts the driving of 2 banks of cylinders, so that just 4 camshafts are required.

Well, you can drive this wonderful car that is one among the top eight most expensive cars in the world, by a full automatic transmission. The other features that make the car a treat to drive includes full-time all-wheel drive based on the Haldex system and special Michelin run-flat tires that are made specifically for the Veyron for accommodating the vehicle’s top speed.

Among the top eight most expensive cars in the world, this car has 10 radiators altogether; you get 3 radiators for the engine cooling system, 2 radiators for the air conditioning system, 1 engine oil radiator, 1 heat exchanger for the air-to-liquid intercoolers, 1 differential oil radiator, 1 transmission oil radiator and 1 hydraulic oil radiator for the spoiler.

Another achievement of the car is worth mentioning; it is the fastest production car to have reached 100 km/h (62 mph) with a proven time of 2.5 seconds. The brakes of the wonder car make use of the unique cross-drilled and turbine-vented carbon rotors for reducing fade by drawing in cool air.

The maintenance of this car is possible at Bugatti dealerships, but the repair service will be requiring a flown-in mechanic, that the company assures will be available 24 hours a day. The combination of design, functionality, materials and service establishes an unprecedented price that make this the #1 car for the 2008 top eight most expensive cars in the world.