Home Equity Mortgages
New Home Purchase
Home equity mortgages are loans that use the equity on the home as collateral. Home equity is the difference between the current value of the home and the amount owed because of the mortgage/mortgages. A home equity mortgage can also be said to be a second mortgage since the extra cash generated can be used for home improvements, thus increasing the value of the house further.
The first question that comes to peoples minds when they begin their quest for a new home is how much can I afford?
First Time Home Buyer? Mortgage Programs Designed Just For You!
The Dutch tax system allows the mortgage interest to be offset against income tax. Home owners with high incomes see the major part of their mortgage subsidised for 52% by the government. From time to time politicians dare to discuss this mortgage allowance (hypotheekrenteaftrek). The use of the m-word however always leads to a public outcry.
How A Mortgage Calculator Can Save You Bundles Of Time
So you are thinking of buying your first home? Congratulations! You are taking a big step that will help you realize the dream of many as well as build personal wealth. As a first time home buyer you should know that there are several programs available out there to help you get you into the house you deserve at mortgage terms that you can afford. Before you begin your search for your first home be sure you understand these programs and work with your mortgage lender to take advantage of them!
The Current Status of Jumbo Loans
A mortgage calculator is perhaps the most valuable tool for anyone shopping for a new home. The reason is because a mortgage calculator can provide a variety of different figures, including monthly payments, affordability and interest costs. A mortgage calculator allows an individual to input his/her monthly income, monthly debt payments and returns an estimated amount on how much he/she can borrow for a mortgage loan. This number is only an estimate and cannot be used as a g…
Remortgages – Worth The Switch?
Are you thinking about purchasing a house that costs more than $400,000? Unless you are planning to make a significant cash down payment on your new home, it is likely that you will need to apply for a jumbo loan. A jumbo loan is simply a home loan for property in the continental United States that exceeds $417,000, whether the funds are used to purchase a new home or to refinance an existing mortgage.
3 Steps You Must Do If You Want To Pay Off Your Mortgage In 7 Years Or Less
Its becoming more popular to remortgage your house these days all this means is switching to a different mortgage and sometimes a different lender to take advantage of a better deal.
One of the single largest financial purchases a person makes in a lifetime is a home. And more often than not, a home mortgage is required to fund the purchase. But how many people have been told, that the current way a mortgage is paid off, is like a cancer on our financial health? The mortgage and banking industry has offered to the unsuspecting public the 30-year fixed amortized mortgage the most expensive mortgage, a financial cancer akin to the cigarette industry offerin…