|Mortgage & Refinancing Information|
What is a Repayment Mortgage?
A repayment mortgage is the type of mortgage that most people think about. The idea behind a repayment mortgage is that you pay monthly for a set period and each payment consists of an element of capital and interest.
A repayment mortgage is one for which each monthly payment contributes to the capital and the interest that is to be repaid over the term of the mortgage. Assuming that the contractual payment is made each month for the full term of the mortgage, at the end of the term the mortgage will be fully repaid.
With a repayment mortgage your monthly payments consist of both the capital amount borrowed together with accrued interest. Your lender will keep you advised about how much you have repaid.
Initially, most of your monthly payment pays off the interest and what's left goes towards reducing what you've actually borrowed. As time goes on, the 'balance' changes and as the interest charges reduce, more and more of your monthly repayment is used to reduce the loan.
A repayment mortgage is a mortgage contract under which the customer is obliged to make payments of interest and capital which are designed to repay the mortgage over the stated term. As long as you keep up the payments, the whole loan will be paid off over the term of the loan. Many people opt for a repayment mortgage on for this very reason - a repayment mortgage is the safest option as it means that you will have that guarantee.
With a repayment mortgages the entire mortgage is paid back over an agreed period of time. This is referred to as the mortgage's term and is usually set at 25 years. When the mortgage's term has come to an end, providing all the repayments have been met, the property will be in the hands of the homeowner.
A repayment mortgage means that each month you make a payment to your lender which consists of both a repayment of part of the loan and a payment of the interest on your loan.
You are reducing your debt every month, and as a safeguard you will need to arrange life assurance, which is often a compulsory requirement with mortgage lenders so that should you die before the end of the term your mortgage will be paid off.
Deciding which mortgage is best for you depends on a few factors, which is why it's important for you to do your financial homework first. Repayment mortgages are regarded as the safest option, hence their appeal to the more cautious investor. They are certainly much easier to understand and you should have no trouble working out your monthly incomings and outgoings.
You may freely reprint this article provided the author's biography remains intact:
About The Author
John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the http://www.directonlineloans.co.uk website.
Fixed mortgage rates continue their slide, falling for the fourth week in a row - The Washington Post
Refinance mortgage rate moves higher for Monday Bankrate.com
Refinance rates were mixed, but one key rate ticked up. If you're shopping for a mortgage, see how your payments might be affected.
Can You Use a Mortgage Refinance to Pay Down Debt? The Motley Fool
Find out if you can use a mortgage refinance loan to pay down debt -- and if it's a good idea to do so.
Refinance rates ease for Thursday Bankrate.com
Multiple key refinance rates decreased today. If you're shopping for a home loan, see what that means for you.
Should I Refinance My Mortgage Loan? What You Need to Consider Zing! Blog by Quicken Loans
Thinking of refinancing your mortgage to lower your rate or monthly payment? Here are the pros and cons to consider to help you decide.
Refinance rates ease for Friday Bankrate.com
Several closely watched refinance rates ticked downward today. If you're shopping for a mortgage, see what that means for you.
Mortgage refinance booms are a thing of the past: MBA chief economist National Mortgage News
The era of plentiful refinance volume is over for the foreseeable future, because mortgage rates remained in a very narrow band for the past decade, said ...
Refinance mortgage rate increases for Saturday Bankrate.com
Refinance rates were mixed, but one key rate ticked up. See what that means for you if you're in the market for a mortgage.
Refinance rates tick lower for Monday Bankrate.com
Several closely watched refinance rates dropped today. If you're shopping for a home loan, see what that means for you.
Can You Refinance a Reverse Mortgage? | US U.S News & World Report Money
Refinancing a reverse mortgage may be best for adding a spouse to the loan, getting a better interest rate or accessing more home equity.
Mortgage rates head down for the third week in a row The Washington Post
A volatile week in the financial markets had little effect on mortgage rates. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate ...
Refinance mortgage rate drops for Friday Bankrate.com
Refinance rates were mixed, but one key rate ticked downward. If you're shopping for a refi, see how your future mortgage payments could be affected.
What homebuyers and refinancers should know about timing mortgage rate movements Bankrate.com
It's important to remember that you have options when it comes to your mortgage and trying to predict interest rate movements. The options, however, get more ...
Refinance rates dip for Wednesday Bankrate.com
Multiple key refinance rates slid lower today. If you're in the market for a mortgage, see how your payments might be affected.
Refinance rates dip for Saturday Bankrate.com
Multiple closely watched refinance rates receded today. See what that means for your refinance chances.
Mortgage rates move higher for Tuesday Bankrate.com
Multiple closely watched mortgage rates rose today. The average for a 30-year fixed-rate mortgage were higher, but the average rate on a 15-year fixed receded ...
Kenya launches mortgage refinance firm to offer loans to lenders - Xinhua | English.news.cn - Xinhua
Kenya launches mortgage refinance firm to offer loans to lenders - Xinhua | English.news.cn Xinhua
NAIROBI, May 22 (Xinhua) -- Kenyan President Uhuru Kenyatta on Wednesday launched the Kenya Mortgage Refinance Company (KMRC), a financial ...
Fannie Mae and Freddie Mac are refinancing fewer mortgages than at any point since the crisis - HousingWire
Fannie Mae and Freddie Mac are refinancing fewer mortgages than at any point since the crisis HousingWire
Recently released data from the Federal Reserve Bank of New York's Center for Microeconomic Data revealed that the first quarter of this year was the mortgage ...
Refinance mortgage rate ratchets higher for Tuesday Bankrate.com
Refinance rates were mixed, but one key rate climbed higher. See what that means for you if you're in the market for a home loan.
Mortgage rates pull back on weak inflation data The Washington Post
After a month of increases, mortgage rates retreated this week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average ...
Trade tensions push mortgage rates lower for second week in a row Washington Post
Concerns about the U.S.-China trade feud pushed mortgage rates lower this week. According to data released Thursday by Freddie Mac, the 30-year fixed-rate ...
Mortgage rates decline for Tuesday Bankrate.com
Several benchmark mortgage rates slid lower today. If you're shopping for a home loan, see how your future mortgage payments could be affected.
Mortgage applications slightly lower despite three weeks of falling rates CNBC
Mortgage hunters were not particularly impressed with the latest drop in interest rates. Mortgage application volume dropped 0.6% last week from the previous ...
Why Refinancing Your Mortgage At A Lower Rate Might Be A Bad Idea Seeking Alpha
Offers concrete examples of how refinancing your mortgage at a lower rate can increase your interest payments. Gives two reasons for this: The sacrifice of the.
Refinance rates decline for Tuesday Bankrate.com
Several closely watched refinance rates trended down today. See what that means for you if you're in the market for a mortgage.
Weekly mortgage applications drop 4.3%, despite lower interest rates CNBC
It may be the heart of the spring housing season, but the mortgage market isn't seeing big business.
Refinance rates tick higher for Thursday Bankrate.com
Multiple closely watched refinance rates trended upward today. See what that means for your refinance chances.
Refinance rates tick lower for Tuesday Bankrate.com
Several key refinance rates dropped today. If you're shopping for a home loan, see what that means for you.
US Mortgages – Mortgage Rates Fall for a 4th Consecutive Week Yahoo Finance
Mortgage rates fell for a 4th consecutive week in the week ending 23rd May. 30-year fixed rates fell by 1 basis point following on from a 3 basis point fall from the ...
Mortgage rates trend down for Wednesday Bankrate.com
Several closely watched mortgage rates ticked downward today. If you're in the market for a mortgage, see what that means for you.
Home Equity 101: Deciding Which and How Much Is Right For You Observer-Reporter
SPONSORED NEWS: The right kind of home equity lending product can help you reach your goals. Find the best home equity loan for you!
US News: How and Why to Refinance a Reverse Mortgage Reverse Mortgage Daily
Refinancing an existing reverse mortgage into a new and potentially better one could be an option that works for some senior homeowners, but it's not a ...
Adjustable-rate mortgages: Are they worth it? Sarasota Herald-Tribune
Adjustable-rate mortgages, known as ARMs, are back, despite having earned a bad reputation at the height of the housing crisis.Post-crisis borrowers saw them ...
Mortgage Rates Mostly Hold Near Lows, But Things Could Change Tomorrow Mortgage News Daily
Mortgage rates moved microscopically higher today, depending on the lender. In terms of underlying movement in the bond market, however, rates should have ...
Interest rates on new federal student loans will dip slightly Richmond.com
College borrowers will get a small break in the coming school year, as interest rates on new federal student loans fall slightly this summer.
Refinance rates trend higher for Saturday Bankrate.com
Multiple key refinance rates climbed today. See what that means for your refinance.
Ginnie Mae Moves to Crack Down on Repeated Refinancings The Wall Street Journal
Ginnie Mae is taking steps to curb repeated mortgage refinancings that it says are hurting both borrowers and investors. The government-backed firm, which ...
Bring on the refis: Freddie Mac expects mortgage rates to remain low all year HousingWire
Favorable mortgage rates are expected to boost homebuyer affordability for the remainder of 2019, according to Freddie Mac's April Forecast. According to the ...
VA loan series: VA vs FHA vs USDA | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
VA loan series: VA vs FHA vs USDA | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
VA loan *service* requirements are important when it comes time to get a VA mortgage. Depending on your *service* status it's possible to avoid funding fees.
Mortgage rates fall for Monday Bankrate.com
Several closely watched mortgage rates trended down today. If you haven't locked yet, see how your finances could be affected.
Can You Use Home Equity to Buy a Vacation Home? U.S News & World Report Money
If you've built up equity in your primary home, you could tap into it for a vacation home purchase. But consider whether using home equity to buy another ...
Mortgage rates increase for Thursday Bankrate.com
Several key mortgage rates ticked up today. See how that could affect your mortgage payments.
HELOC: Understanding Home Equity Lines of Credit NerdWallet
A home equity line of credit, or HELOC, is a second mortgage that gives you access to cash based on the value of your home. You can draw from a home equity ...
Mortgage rates climb for Monday Bankrate.com
Several benchmark mortgage rates notched higher today. If you haven't locked yet, see how your future mortgage payments could be affected.
Refinance rates decline for Saturday Bankrate.com
Several key refinance rates slid lower today. Average rates nationwide for 30-year fixed and 15-year fixed refinances both tapered off. The average rate on ...
Cherry Hill Mortgage Investment Corp: Finally, a Safe 11.5% Yield Income Investors
Cherry Hill Mortgage Investment Corp (NYSE:CMI) provides both safety and an impressive dividend yield. Here's the full story.
Mortgage rates decrease for Wednesday Bankrate.com
Multiple benchmark mortgage rates tapered off today. If you're shopping for a home loan, see how your finances could be affected.
Mortgage rates move down for Friday Bankrate.com
Several key mortgage rates slid lower today. If you're shopping for a mortgage, see how your finances could be affected.
When will non-QM loans and HELOCs take off? National Mortgage News
The shift to nonbank lenders will put the breaks on non-qualified mortgage and home equity line of credit origination growth.
'Now Is The Time To Refinance': Low Mortgage Rates Cause Surge In Refinancing Forbes
Last week's massive dip in mortgage rates apparently pushed homeowners into action. According to new data from the Mortgage Bankers Association, ...
Real estate transactions: Hyatt House coming to Metropark Square mixed-use development - Houston Chronicle
Real estate transactions: Hyatt House coming to Metropark Square mixed-use development Houston Chronicle
Austin-based Aspen Heights and partner Safanad, a global investment firm with offices in New York, London and Dubai, have refinanced a construction loan for ...
What the plunging 10-year Treasury yield says about the economy and stock market Yahoo Finance
The 10-year Treasury yield has major implications for the stock and housing markets.
Don’t dig yourself deeper in debt with these ‘solutions’ USA TODAY
Americans are slipping ever deeper into hock. To cope, many people turn to debt consolidation loans, cash-out mortgage refinancing and retirement plan loans ...
Is a No Closing Cost Mortgage Right for You? U.S News & World Report Money
A no-closing-cost mortgage conserves cash upfront when borrowers buy or refinance a home, but you will pay more interest over the life of the loan.
How to Refinance a Small Business Loan U.S News & World Report Money
Refinancing a small business loan, compared with a mortgage, has a few more steps and may require as much documentation as your initial business loan.
Rotich to unveil mortgage refinance company today Business Daily
Kenya's first mortgage refinancing company that will make it easier for banks to access long-term funds for cheaper home loans will be launched today after 20 ...
May Fed Meeting: Mortgage rates fall as the Fed maintains "patient" stance | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
May Fed Meeting: Mortgage rates fall as the Fed maintains "patient" stance | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
The third Fed meeting of the year adjourned on May 1 and mortgage rates are benefitting. The group continued on the “patient” path as far as future rate hikes.
Plaza Home Mortgage Announces New Product The MReport
Wholesale and correspondent lender Plaza Home Mortgage has announced a new High-Balance Access loan program that allows borrowers to qualify for ...
Mortgage refinance boom goes bust as rates shift higher CNBC
A turnaround in interest rates turned borrowers back on their heels last week, deflating a quick boom in refinance demand.
Mortgage rates are low. Here's how to figure out if you should refinance NBC News
Low mortgage rates have many people thinking about buying a new home or refinancing their current mortgage.
Childhood Asthma: A Lingering Effect of Redlining CityLab
New research shows that disparities in housing contribute to disparities in one of the most common chronic diseases afflicting children.
Mortgage refinancing spree becomes a race against the clock Bankrate.com
Some 2.43 million homeowners can reduce their mortgage interest rate by refinancing, according to a recent mortgage report by Black Knight, a mortgage data ...
Refinance Your Mortgage Quickly: Prequalify in Just 3 Minutes Credible News
Let us do the heavy lifting for you. Compare rates from multiple lenders with no impact to your credit score. Refinance your mortgage with peace of mind.
These are the best (and worst) reasons to refinance your mortgage Bankrate.com
Whether you've owned your home for a short time or you've had your mortgage a bit longer, a mortgage refinance involves careful consideration. After all, you'll ...
Holistic approach needed to fix vital federal mortgage programs National Mortgage News
Housing finance reform cannot be piecemeal, but must be done using a comprehensive approach, an independent mortgage banker says.
5 Signs It's Time To Refinance Your Mortgage Forbes
You've probably heard that refinancing your mortgage can save you money. While that's true in many cases, refinancing needs be done at the right time in order ...
What to consider before determining whether to refinance your mortgage Washington Post
REAL ESTATE MATTERS | For a home-run refinance, try to find a deal that helps you do these four things: lower your interest rate, shorten your loan term, lower ...
Mortgage refinance checklist: what you need to refinance your home | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage refinance checklist: what you need to refinance your home | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
This handy mortgage refinance checklist tells you what you need to do before refinancing. Get your paperwork in order and know your refinance goals to speed ...
The main reason to refinance your mortgage: Save money Chicago Tribune
A substantial drop in interest rate on a fixed rate mortgage could save you money with a refinance. But you must factor in closing costs on the transaction.
Refinance mortgage rates mixed for Monday Bankrate.com
Refinance rates were mixed today. If you haven't locked a refi yet, see how your future mortgage payments could be affected.
Mortgage rates retreat for Thursday Bankrate.com
Multiple key mortgage rates declined today. If you're in the market for a home loan, see how your payments might be affected.
In mortgages, these banks zigged while many others zagged National Mortgage News
While regulation and nonbank competition are spooking some banks, others believe low funding costs and the right relationships can help them succeed.
Mortgage refinance applications hit 18-year low CNBC
Mortgage refinance applications hit an 18-year low. With no major move in interest rates and continued weakness in home affordability, there was not a lot of ...
Cash-out mortgage refinancing: Here’s where homeowners are using it most Bankrate.com
Homeowners who snagged a low-interest mortgage in recent years generally avoid refinancing the loan because interest rates are higher now. When they need ...
Five states set to adopt housing law The Punch
Maureen Ihua-Maduenyi Five states of the federation are expected to conclude the passage of their draft housing bills into law before the end of y...
Still haven’t refinanced your mortgage? You still have an opportunity to save big Bankrate.com
Mortgage rates seem to be the only thing that's affordable in today's low-inventory, high-priced housing market. This is good news for both homebuyers and ...
Refinance mortgage rate drops for Tuesday Bankrate.com
Refinance rates were mixed, but one key rate trended down. If you're shopping for a refi, see how that could affect you.
Did you refinance your home mortgage last year? You can still qualify for often-overlooked deductions - MarketWatch
Did you refinance your home mortgage last year? You can still qualify for often-overlooked deductions MarketWatch
f you refinanced your home mortgage last year, you may be in line for some often-overlooked tax deductions on your yet-to-be-filed 2018 Form 1040.
Refinance mortgage rates mixed for Thursday Bankrate.com
Multiple benchmark refinance rates were flat today. If you're in the market for a mortgage, see how your payments might be affected.
Refinance mortgage rate slides for Friday Bankrate.com
Refinance rates were mixed, but one key rate sunk lower. See what that means for your chances of scoring a killer refi rate.
Homeowners are rushing to refi mortgages as rates drop The Real Deal
Homeowners throughout the country are looking to refinance their mortgages thanks to lower borrowing costs, contributing to a sharp government bond rally.
Shelter Afrique invests Sh200mn in mortgage refinancing firm Capital FM Kenya
NAIROBI, Kenya, May 6 - Pan African housing development financier, Shelter Afrique has invested Sh200mn in the Kenya Mortgage Refinance Company to ...
Ask the Economist: Moody's Analytics' Andres Carbacho-Burgos DSNews.com
Editor's note: This piece originally appeared in the May issue of DS News. Andres Carbacho-Burgos analyzes the U.S. housing market, U.S. residential ...
5 million homeowners suddenly "in the money" to refinance | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
5 million homeowners suddenly "in the money" to refinance | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Millions of homeowners could now save each month on their mortgage payments, according to a new report. That's because they're suddenly “in the money” to ...
Succinct Summation of Week's Events 5.24.19 Forex Factory
Succinct Summation of Week's Events 5.24.19 - Succinct Summations for the week ending May 24th, 2019 Positives: 1. All things considered, this week could ...
Refinance mortgage rate slides for Wednesday Bankrate.com
Refinance rates were mixed, but one key rate declined. If you're in the market for a mortgage, see what that means for you.
Refinance mortgage rate dips for Saturday Bankrate.com
Refinance rates were mixed, but one key rate declined. See what that means for you if you're in the market for a home loan.
Refinance rates rise for Friday Bankrate.com
Multiple closely watched refinance rates notched higher today. See what that means for you if you're in the market for a home loan.
Refinance mortgage rate moves lower for Wednesday Bankrate.com
Refinance rates were mixed, but one key rate fell. The average for a 30-year fixed-rate refinance trended down, but the average rate on a 15-year fixed refinance ...
Refinance rates trend higher for Monday Bankrate.com
Several key refinance rates floated higher today. See what that means for you if you're in the market for a home loan.
Mortgage rates drop below 4.5%. Homeowners scramble to refinance | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage rates drop below 4.5%. Homeowners scramble to refinance | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
There is a quiet refinance boom brewing, as mortgage rates sink to 9-month lows. Not since April 2018 have rates been this low. Freddie Mac, in its weekly ...
Freddie Mac Enhanced Relief Refinance (FMERR) 2019 guidelines, rates, and benefits | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Freddie Mac Enhanced Relief Refinance (FMERR) 2019 guidelines, rates, and benefits | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
The Freddie Mac Relief Refinance Program (FMERR) allows homeowners to refinance with little or no home equity. Home value dropped since you purchased?
Refinance mortgage rate eases for Monday Bankrate.com
Refinance rates were mixed, but one key rate slid lower. See what that means for you if you're in the market for a home loan.
Mortgage application increase led by higher refinance volume National Mortgage News
Mortgage applications increased last week but unlike the prior period, it was driven by refinance volume as interest rates fell to a one-year low, according to the ...
How should I apply for a mortgage refinance: in person, by phone or online? | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
How should I apply for a mortgage refinance: in person, by phone or online? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
You can apply for a mortgage refinance in person, over the phone or online. Just make sure that the company is legitimate before providing personal information ...
After falling to yearly lows, mortgage rates rise: 30-year at 4.41 percent Addison Gazette
Mortgage rates moved higher this week for the first time in more than a month. According to the latest data released Thursday by , the 30-year fixed-rate average ...
Majority of Irish mortgages have fixations below 5 years Financial,Ireland,Property, news for Ireland, Financial,Ireland, - Business World
Majority of Irish mortgages have fixations below 5 years Financial,Ireland,Property, news for Ireland, Financial,Ireland, Business World
The Central Bank of Ireland published a paper on Friday entitled Fixed Rate mortgages – generating risk or building resilience. The paper noted a rapid shift in ...
How to refinance to pay off a mortgage faster | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
How to refinance to pay off a mortgage faster | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
You probably have a number of ways to pay off a mortgage faster. You can refinance to a shorter term, pay more on your existing mortgage or free up your ...
Should You Refinance Your Mortgage? Forbes
Evidently many mortgage borrowers fail to understand that mortgage refinances have a variety of possible purposes, and their success depends on a variety of ...
Reaping Financial Rewards - Bad Credit Home Equity Loans
Home is the place you inhabit. It is the place where you live, breathe, grow, thrive.
Repayment of Loans - Lessening the Bitterness of the Process
So how have you planned the repayment? Don't tell if you haven't started the plannings yet. It is high time the plannings and the decisions be made regarding the repayment of the loan.
Avoiding Foreclosure Scams
If your mortgage company is threatening foreclosure, there are things you can do to avoid it (see my article titled "How to Avoid Foreclosure"). However, you should be aware of scams.
Top 5 Methods to Manage Your Home Equity
As your home appreciates in value, you gain equity. You can look at this equity, as a portion of the value of your home, which becomes an asset that is not burdened by debt.
Flexible Mortgages - Offering Relief from the Fixed Mortgage
A pension mortgage may seem lucrative at the first sight. However, they seldom are, if the customers who took pension mortgage are to be believed.
Getting The Best Home Equity Loan
Owing to the popularity of home equity loans, there are numerous lending agencies offering a variety of mortgage products. A bad choice of mortgage can lead to disastrous effects, as there is a risk involved of foreclosure and losing one's home.
A Guide to Getting a Home Improvement Loan
If you've got a few things around the house that you'd like to spruce up but don't have the money for, you might want to consider getting a home improvement loan. As the name implies, a home improvement loan is designed to pay for improvements to a house or other form of real estate.
Refinance Your Home Equity Loan
Refinancing your home equity loan is an excellent way to save money. By refinancing your home equity loan you can lower your interest rate and finance for a longer or shorter term.
Refinancing Your House - How to Know Whether to Refinance or get a Second Mortgage
Refinancing your house's mortgage is not the same thing as getting a second mortgage. While both allow you to cash out your home's equity, terms and rates differ between the two types of loans.
Home Equity - Let the Market Eliminate Your Private Mortgage Insurance
In decades past, most people who were interested in obtaining a home loan were required to put down at least 20% of the purchase price. Those days are gone, and as home prices have risen faster than incomes, the average down payment required by lenders has dropped.
Home Equity Loans Popular Scams
Most borrowers fail to realize that when trading their much beloved home for cash, lenders can foreclose on their property in the case of default. Moreover, because of fly-by-night operators who are ready to strip unsuspecting borrowers of their most prized asset, it is doubly necessary that borrowers be familiar with some frauds that could be perpetrated on them.
Buying a House? How Much Home Can You Afford?
Maybe you've heard the expert advice that your debt to income ratio shouldn't be more than 36 percent of your total income. But do you truly know what that means, and how lenders will look at your financial history in order to decide whether or not to extend you a mortgage? If you need help figuring out your debt to income ratio, simply follow the guidelines below and soon you'll know whether or not you're in a position to apply for a mortgage loan.
Bridging Finance Basics
Bridging finance is a short-term loan that is used as a way to provide funding for the purchase of a new property while the borrower awaits the sale of an existing property. Unless all the stars are in perfect alignment, it's tricky to coordinate the sale of one property and the purchase of another property so that the transactions occur simultaneously.
A Guide to Selecting a Mortgage Broker in Australia
Once you have made the decision to buy a home you will need to obtain mortgage financing for your purchase. Until about fifteen years ago buyers had to go directly to banks to obtain loans and shopping around for the right fit was a long process.
Mortgage After Bankruptcy
Most people probably assume that obtaining a mortgage to purchase a home, refinance or to consolidate debt after a bankruptcy is out of the question. In fact, many people are able to obtain these mortgage services, even 1 day after a bankruptcy discharge in some cases.
Mortgage Information for the First Time Homebuyer
Inflation in the United States is increasing rapidly and home prices are soaring! There are millions of american families that are unaware of the many mortgage programs that are available for first time homebuyers.There are many types of mortgage finance programs available to first time homebuyers.
What Your Mortgage Lender Is Not Telling You About Accelerated Mortgages
For years, mainstream banks and financial advisors have been recommending that you pay extra cash into your mortgage account in order to cut down the huge interest amount and reduce the period over which you pay back the loan.For example, if you borrow $200,000 over 30 years at a rate of 5%, your monthly repayments would be around $1074.
A Guide to Finding Cheap Homeowner Loans
If you're actively looking for cheap homeowner loans, there are several things that you should take into consideration to make sure that you get the best loan for your money.Before taking one of the loans offered to you, you should take the time to understand how cheap homeowner loans work, make sure that you've explored all of your loan options, and shop around for the best loan rate that you're eligible for.
Zero Down Mortgage Loans - Is 100% Financing a Good Idea and Can You Get Approved?
Are you wondering if you can get approved for a home loan with 100% financing? Are you also wondering if its a good idea to get a mortgage loan with no money down? Here are some points to keep in mind as you apply and consider your different mortgage loan options.To qualify for 100% financing on a purchase mortgage loan, it would be important for you to have a credit score of at least 600 or higher.
The Truth About Shopping for Mortgage Rates
With so much lender advertising focusing just on rates, you may not be aware of the importance in choosing an experienced, reliable loan professional who can match you with the appropriate loan program. Good loan officers and mortgage brokers may quote today's rate when asked, but they will quickly add they need to know more about you to determine the best program for your individual situation.
|home | site map|
|© 2006 TIGER MEDIA|