An offset mortgage basically uses the interest from your savings account against the interest charged on your mortgage. Usually your mortgage lender will link your mortgage and savings account into a single account, with the same financial institution. Each month, the amount you owe on your mortgage is reduced by the amount you have in [...]
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Offset Mortgage, Offset Mortgages, Mortgage, Mortgages, Offset
Posted by admin on December 31st, 2009
A Quick Guide to Flexible, Offset and Other Specialist Mortgages
Posted by admin on December 28th, 2009
The choice and diversity of mortgage packages being offered to borrowers has increased dramatically in recent years to cater for the modern mortgage market. Most high street lenders offer some find of flexible or offset mortgage in their product range. Below is a quick guide to some of the main types: Flexible Mortgages Essentially a [...]
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Tags: Borrowers, Building A Home, Current Account Mortgages, Financial Institution, Flexible, Flexible Loans, Flexible Mortgage, Flexible Mortgages, Fluctuations, Guide, Home Buyers, Investment Purposes, Lump Sum Payments, Mortgage Debt, Mortgage Market, Mortgage Packages, Mortgage Provider, Mortgages, Offset, Quick, Secured Loan, Self Build Mortgages, Several Different Types, Specialist, Street Lenders, Traditional Mortgage 
No Comments »Fixed or Variable-rate Mortgage?
Posted by admin on December 10th, 2009
“Wow!” you say to your spouse as you hit the brakes on the car. “Did you see the mortgage rate those guys are advertising?” Your worries are over, you’re thinking. Just lock in a rate like that for the next ten years, and you’ve got it made. Not so fast. That rate may not [...]
Posted in Articles Tags: Adjustable Rate Mortgage, Brakes, Closer Look, Financial Institution, Financial Risk, First Time Buyers, Fixed, Fixed Rate Mortgages, Flexible Budget, mortgage, Mortgage Rate, Ontario Mortgage, Ouija Board, Period Of Time, Rate Increases, Risk Tolerance, Roller Coaster, Those Guys, Ups, Ups And Downs, Variable Rate Mortgage, Variablerate, Worries No Comments »Understanding Reverse Mortgages
Posted by admin on December 10th, 2009
Seniors today often live with a great deal of financial uncertainty. The retirement they imagined may not be consistent with the reality they face. Incomes are flat or declining, living and medical expenses are higher than ever and few income boosting alternatives exist. Even those who have heard about Reverse Mortgages may be unsure about [...]
Posted in Articles Tags: Debt Obligations, FHA, Financial Institution, Financial Uncertainty, Home Equity Conversion, Home Equity Loan, Home Value, Incomes, Liquid Resources, Medical Expenses, Medicare, Medicare Benefits, Mortgages, Program Beneficiaries, Proprietary Products, Reverse, Reverse Mortgages, Second Mortgage, Seniors, Social Security, Supplemental Security Income, Understanding, What Is A Reverse Mortgage No Comments »