Many homeowners today are searching for a new loan. Most are looking to refinance the interest high loans. Back in 2005 many homeowners purchased their loan with a low entry interest rate, just to qualify for the loan. But, today that same loan has readjusted upward and the monthly payment has in some cases double! [...]
Posts Tagged ‘Bad Credit Mortgages’
An a – Z (almost) of Mortgages, Part 1
Posted by admin on December 26th, 2009
100% Mortgage â This is when you borrow the full property value from a mortgage broker. This type of mortgage requires no deposit or down payment, and is therefore popular with first-time buyers. However, because of the credit crunch, 100% mortgages are hard to come by. Adverse (or bad) Credit Mortgages â These are, [...]
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