Over the last ten years the availability of credit has significantly grown, resulting in a knock-on affect in the mortgage industry. Recent studies have revealed that the number of people experiencing bankruptcy have a reached an all-time high. In fact, the number of bankruptcies in 2005 had doubled on the number of bankruptcies in the […]
Ensuring that your mortgage has the best low rates is important and should not be underestimated. A low interest rate will reduce your monthly mortgage payment, allowing you the possibility of considering the purchase of a more expensive home or a home in a more desirable area. Therefore it is worth considering a low rate […]
Despite the fall in house prices in the last few months of 2005, recent studies suggest that house prices in 2006 are set to rise. With all the rising and falling it can be hard to weigh up the advantages and disadvantages of buy to let properties. We examine what you need to take into […]
If you have had a recent bankruptcy or a foreclosure, and you are looking to buy a new home, or refinance an existing home, you’re in luck! I have a handful of niche lenders who cater to this market.
My name’s Scot King, and I’m a licensed mortgage broker for Pacific West Capital here […]
Interest only mortgage is exactly what is says… Simply put you only pay interest on the money you borrow and for the duration that your borrow the money. The interest only term can be very misleading in the sense that the idea of the original borrowing is not made clear.
For example, if you borrow $100,000 […]
Mortgage on a property is a very serious commitment one which you should not enter into lightly. The very first point to consider is the product which suits you. Since there are a lot of different products on the market, so choosing the right one is the first hurdle to cross. Below is a list […]
“….3.99% fixed for two years and conditions apply….”. This is just one example of a mortgage on the market but there are hundreds if not thousand more such products available for would be house buyer. The conditions associated with this type of product are:-
That the interest rate; the discounted interest rate, reverts back […]
Repayment mortgage is a more traditional mortgage for it is a very simple form of borrowing for residential home purchases. For its shear simplicity, it is also the oldest product on the market. A customer borrows money to buy their home… provided they fulfil the lending criteria.. money is advanced and the transaction is made. […]
Once you have decided to purchase your dream home and have selected a mortgage lender, it is now time to fill a mortgage application. Most people would wonder how to complete a mortgage application. It is not that difficult, once you have all the information at hand. There is a Uniform Residential Loan Application widely […]
The Office of the Controller has strongly recommended that credit card companies make their customers pay higher minimum payments, up to double the current amount to try to help us get out of debt. So instead of approximately 2% of your balance, you could pay up to 4%. This will affect at least 7% who […]
