6 Tips for Improving Your Credit Score
10 Things Every First-Time Home Buyer Needs to Know before Purchasing a Home
If you’re considering the purchase of a home, you know that a great deal of your success will hinge on your credit score. If your score is too low, most lenders won’t give you a second glance. Even if your credit is decent, you may not be approved for a home loan, or you might […]
Mortgage Financing: Signs Of Predatory Lending
Thinking about buying your first home? It can be exciting, and it can be daunting at the same time. It’s a major decision, though, and should not be rushed into. Too many first-time home buyers end up learning lessons the hard way, and the 10 tips that follow can help ensure that you can avoid […]
Tracker Mortgages Still An Attractive Choice
If you’re shopping for a home loan, you can save thousands of dollars by being aware of predatory lending practices, in which you’re charged too much for your loan or are forced to buy services you don’t really need. You can protect yourself by learning to recognize the signs of predatory lending. The Center for Responsible Lending lists seven specific warning signs that consumers should be aware of when applying for a mortgage.
The first warning sign is excessive points a…
How to Improve Your Chances to Qualify for a Conventional Home Loan
First time buyers are still being advised to seriously consider opting for a tracker mortgage, despite growing rumours of a rise in interest rates before the end of the year.
Although the Bank of England moved to hold interest rates at 4.5 per cent recently, speculation is mounting that a quarter point rise will be enacted before the start of 2007.
However, Moneysupermaket argues that those currently looking for mortgages should not automatically discount the idea of a …
Mortgage Companies – Different Types Of Mortgage Lenders
Before you give up on the idea that you will never be able to get a home equity loan because of your bad credit, first be sure you can�t get one. It may save you a lot of work, and it opens up more possibilities for home purchases and help from real estate agents.
You might be surprised to find that there are ways you can get conventional financing, even though you never thought you would be able to…
Advantages of a Fixed Rate Mortgage
If applying for a new home loan, there are numerous mortgage lending options. New homebuyers may not know where to start. Different mortgage lenders fit different circumstances. In fact, choosing the wrong lender may result in paying more interest. With this said, it is important for homebuyers to educate themselves on the different types of mortgage lenders, and select the lender that is perfect for them.
Traditional Mortgage Lenders: Banks, Credit Unions, etc.
Can You Afford A House?
This is the most popular type of mortgage as the monthly payment for interest and principal remains fixed through out the mortgage term, Property Insurance and taxes may increase but the monthly repayment of the amount will be stable.
Mortgage Payment Protection Insurance The Do’s And Don’ts
If you’re a new home buyer and you’re wondering how much you can afford to spend on a new new home, this article will help you answer that question.
Mortgages. Exit Fees To Be Capped.
When you’ve taken out a mortgage you’ve make a long-term commitment to maintain the monthly repayments for the full duration of the mortgage. That’s going to be over many years but you’re making that commitment without the benefit of a crystal ball � no one knows how your circumstances are going to change, for good or bad. So that must represent a big risk. Mortgage Payment Protection Insurance (MPPI) is one of a range of insurances that includes life insurance and critical i…
In the last 3 to 5 years we have seen rises of up to 450% in the exit fees charged by lenders when borrowers redeem their mortgage. But at last the Financial Services Authority (FSA) ha seen the light and is going to crackdown on these increases.
Lenders have been telling new borrowers about the exit fees currently charged, but the lender has retained the right to increase those charges at any time and without advising borrowers. This amounts to a free hand to increase the…