The Best Mortgage Deal Ever?
Mortgage Brokers What Are They?
From a cursory survey of websites and brochures, you�ll see a myriad of different types of mortgage. The mortgages explored so far are a basic overview � you�ll find any amount of types � some combining several features and with added incentives to tempt you.
Balloon Mortgages Explained
A mortgage broker is an individual which acts as a middle man between lenders and borrowers. A skilled mortgage broker can look at a variety of different loans to find one which suits the needs of the borrowers.
Figuring Out Whether To Go With A Fixed or Adjustable Mortgage
A balloon mortgage is a loan that is provided for a short period of time for a set amount of money. Balloon mortgages will often involve periodic payments that are made at a fixed interest rate. During this period, the loan may not be amortized. The balance of the loan has to be paid in full at a specific time.
Reasons to Refinance Your Home
Traditionally, the 30 year fixed mortgage was the staple of the home loan industry. Now you have tons of choices with the fixed or adjustable mortgage being the biggest.
Mortgages. The Pitfall Of Interest Only Mortgages.
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.
Servicemembers Civil Relief Act (SCRA) Common Questions
In the first three months of 2002, just 9% of all new mortgages were taken as interest only – but by the last quarter of 2005, the figure had risen to 23%. And amongst first time buyers, the figures rose from 6% to 15%. (Source: Council of Mortgage Lenders.)
The reason is obvious. It’s down to family economics. With an interest only mortgage, the monthly repayments only repay the ongoing interest so your monthly repayment is low. Repayment of the capital borrowed is delaye…
UK Mortgages – Need To Know Information
Reservists, guardsmen and other military personnel can find answers to questions about mortgage payment relief and protection from foreclosure provided by the Servicemembers Civil Relief Act of 2003 (formerly The Soldiers’ and Sailors’ Civil Relief Act of 1940).
What You Need To Know Before Refinancing Your Mortgage
Whatever stage of the mortgage game you�re at, unless you happen to be a qualified financial advisor, solicitor and broker all rolled into one, you�ll need professional help to find and arrange your loan.
What Is A Reverse Mortgage And Should You Get One?
Today it is becoming more and more popular to refinance your original mortgage. But, is this right for you? How do you know whether you�re taking advantage of a great deal or letting yourself in for financial problems? Read on for tips to help you make an educated decision.
Reverse mortgages are for senior citizens who own homes and want monthly income.