A mortgage calc is a most useful tool. Are you in the real estate business, or are you often thinking to yourself what would the payment on such a property be at given rate, or what with the difference be between a 20, 25 and/or 30 year term in actual dollars? Some of us can [...]
When you purchase a home through a let to buy mortgage you are at first leasing your home. A let to buy mortgage quite simply means that the person whom owns the home is allowing you to live in the home. The homeowner will generally charge you more than the current mortgage on the home. [...]
Reverse mortgage is a new kind of loan against your home that you need not pay back as long as you live in that house. With reverse mortgage you can mortgage the value of your home in cash without repaying the loan every month and as well as without moving out of the house, and [...]
What Is A No Doc Or Low Doc Home Loan?
A “Lo Doc” or sometimes call “Lo Doc Home loan” are mortgage or home loans where documentation for verification of your income is not required. However, all other documentation is.
These loans are ideally suited to self-employed, independent contractors, investors, credit rating impaired, ex-bankrupt or clients [...]
Things such as County Court Judgements (CCJ’s) or a poor credit history can scupper the chances of you getting a personal mortgage because mortgage companies deem you a high risk.
If you are self-employed, and even have a pristine credit history, you may find it just as difficult to get a mortgage due to your circumstances, [...]
Insurance – we need it for our life, our car, our house, our health and yes, in some cases, even for our mortgage. Private Mortgage Insurance (PMI) is the mortgage industry term used to describe insurance that protects the lender of your mortgage against any type of default. It’s primarily used when you [...]
What counts as mortgage interest and how do I calculate it?
When an individual takes out a loan from a financial institution or establishment in order to fully or help fund the purchase of land or a residential building for the purpose of primary or secondary residency, this is known as a mortgage. This essentially [...]
Using a Second Mortgage for an 80-20 No Money Down Home Purchase Loan
Many renters want to own their own home, but they simply dont have the down payment to make the purchase. If youre able to afford a house payment as much as your monthly rent, an 80-20 no money down loan could get [...]
If you are in the market for a mortgage to buy a house you’ve no doubt heard the term “points” being thrown about. No, they aren’t talking about the score from last night’s NFL game; they are actually talking about a fee that is paid to the lender of the mortgage you are taking [...]
All of us would like to save money on mortgage payments, but not many of us know how to go about it. Following some simple tips on how to get the best mortgage rate would help improve your financial situation and also help in avoiding mistakes before you actually apply for refinancing.
One can save [...]
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