Tracker Mortgages Still An Attractive Choice
Reasons to Refinance Your Home
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 …
9 Tips on Applying for a Second Mortgage
Many people will take whatever mortgage they can get when trying to purchase a home. Sooner or later, you will start wondering if you can get a better deal. Welcome to the world of refinance.
Home Equity Loans The Best 2nd Mortgage for Financing Home Improvements
People usually apply for a second mortgage or home equity loan when they need money for debt consolidation, to pay large expenses or for home remodeling and home improvement. What type of mortgage loan you select, depends on your needs, but the application and approval process is similar for both. These nine tips will help your loan process be as hitch-free as possible. Consider the second mortgage terms, pre-payment penalty for early pay off, and of course the interest rate & closing costs.
Bridge Loans From One Home to the Next
Tired of looking at those avocado green kitchen appliances? The wood paneling and shag in your family room? The worn fiberglass tub enclosure in the guest bath? Home improvement is sweeping the country. Approximately half of fixer-uppers are do-it-yourself, while the other half is contractor driven. People are financing these improvements with home equity loans.
30 Year vs. 15 Year Mortgages
Youve lived in your home for some time and circumstances such as an expanding family mean you need a new one. This brings up the subject of bridge loans.
Types of Mortgage Loans The Basics
Discussions of mortgages often focus on interest rates, but there is a much more basic decision to make. Should you go with a 30 year mortgage term or a 15 year mortgage term?
Mortgages Points and Interest Rates Go Hand in Hand
In the past, homebuyers more or less had limited mortgage loan options. These days, there are more options than you can shake a stick at, but here�s a primer on the basics.
Using Points To Cut Your Interest Rate
When it comes to mortgages, many people tend to look at points and interest rates as to separate issues. In fact, they can almost always be used as leverage against each other.
Mortgage Interest Rates 101
The general mantra in the real estate world is you want to avoid paying points when obtaining a mortgage. As with most assumptions, this is not always true.
Many things affect mortgage rates – which is why they fluctuate. So it pays to understand a little about how mortgage interest rates are generated. The more you know about the economic factors that change rates, the more prepared you are to find the perfect home loan at an interest rate that’s perfect for you as well.
When the Federal Reserve Board raises or lowers rates, there is usually an impact on the rate you will get for your fixed rate home loan, …