Mortgage Companies – Different Types Of Mortgage Lenders
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.
Home Loan Pre-Qualification vs. Pre-Approval
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.
Can You Afford A House?
Once you’ve decided to buy a property, the first step is not to go house hunting. Instead, you should find out what you can borrow. In doing so, it is important to understand the difference between loan qualification and approval.
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…
Refinance Now To Save Thousands on Your Mortgage
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…
Refinance Home Mortgage
Death and taxes – two things you know are for certain in life. However, there is a third that is almost nearly as certain as those two – fluctuating interest rates. With a home mortgage being one of the largest purchases you will ever make, even the slightest decrease in the rate that you pay on the loan can save you thousands. For many of you, now may be the perfect time to refinance your mortgage and put thousands of dollars back into your pocket.
Are you considering refinancing your home mortgage? Refinance Home Mortgage allows you to take a new mortgage for relatively lower interest rate.
How a Reverse Mortgage Can Benefit Homeowners 62 or Older
Brief detail on mortgage.Brief summary on mortgage loan types.
The facts concerning reverse mortgages. What you need to know to make an informed decision about your finances and your home.