There are only two things people should keep in mind before taking on an interest-only mortgage. The name interest-only mortgage is misleading. If truth be told, there is no such thing as an interest-only mortgage. In an interest-only mortgage, you will still have to pay for the loan principal. When you get an interest-only mortgage, [...]
Posts Tagged ‘Mortgages’
Understanding Interest Only Mortgages
Posted by admin on January 4th, 2010
Posted in Articles 
Tags: Brief History, Incomes, Interest, Interest Only Mortgage, Interest Only Mortgage Loan, Interest Only Mortgages, Jumbo Loans, Jumbo Mortgage, Loan Interest, Loan Principal, Loan Type, Mortgage Markets, Mortgage Types, Mortgages, Mortgages Loans, Only, Principal Portion, Productive Investments, Savvy Investor, Savvy Investors, Standard Mortgage, Time Investors, Traditional Mortgage, Understanding 
No Comments »Capital and Repayment Mortgages
Posted by admin on January 4th, 2010
What Is Capital and Repayment Mortgage? “Repayment mortgage (also called a capital-and interest loan) Your monthly payments gradually pay off the amount you owe as well as paying the interest charged on the loan. Provided you make all the agreed payments, the loan will be fully paid off by the end of the mortgage term. [...]
Posted in Articles Tags: Capital, Capital And Interest, Capital Debt, Capital Loan, Capital Mortgage, Consumer Information, Exact Same Thing, Interest Loan, Interest Rate, Mortgage Capital, Mortgage Interest, Mortgage Loan, Mortgage Payments, Mortgage Policies, Mortgage Policy, Mortgage Term, Mortgages, Payment Structure, Repayment, Repayment Mortgage, Repayment Mortgages, Right Mortgage, Types Of Mortgages No Comments »Offset Mortgage, Offset Mortgages, Mortgage, Mortgages, Offset
Posted by admin on December 31st, 2009
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 [...]
Offset Mortgages Can Save you Thousands
Posted by admin on December 30th, 2009
Offset mortgages offer an attractive alternative to traditional mortgages and can save you thousands over the long term. Buying a home is an exciting time, and it is the biggest financial purchase that most people undertake. The majority of homebuyers cannot afford to buy a house outright and it would be impractical to save [...]
Posted in Articles Tags: Australia, Buying A Home, Current Account Mortgage, Current Accounts, Daily Basis, Money, Mortgage Account, Mortgage Balance, Mortgage Interest, Mortgage Repayments, Mortgages, Offset, Salary, Save, Savings Accounts, Short Period, Thousands, Traditional Mortgages, Types Of Mortgages, United Kingdom, Variations No Comments »Flexible Mortgages are Made for Today’s Modern Lifestyle
Posted by admin on December 30th, 2009
Flexible mortgages are among some of the new mortgage packages that have been created to cater for the modern mortgage market. The modern mortgage market has become more liberal and creative, and therefore this has led to an increase in the choice and diversity of mortgage packages being offered to borrowers. Most major lenders include [...]
Posted in Articles Tags: Borrowers, Diversity, Flexible, Flexible Mortgage, Flexible Mortgages, Fluctuations, Formality, Interest Payments, lenders, Life Changes, Lifestyle, Lump Sum, Lump Sums, Made, Modern, Mortgage Account, Mortgage Balance, Mortgage Market, Mortgage Packages, Mortgage Payments, Mortgages, New Mortgage, Redemption, Secured Loan, Today’s, Underpayment No Comments »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 [...]
Posted in Articles 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 »High Ratio Mortgages: Refinancing Options For Canadian Home Owners
Posted by admin on December 28th, 2009
With housing prices stalled, or even having falling in some local markets, Canadian home owners seeking mortgage refinancing and who are looking at a high ratio mortgage – i. e. , home owners who are refinancing a mortgage where the mortgage exceeds 80% of a home’s current market value, or those looking at a second [...]
Posted in Articles Tags: Affordable Mortgage, Bank Act, Caisses Populaires, Canadian, Canadian Mortgage And Housing Corporation, Canadian Mortgages, Current Interest Rates, Current Market Value, Federal Crown Corporation, First Mortgage, Genworth Financial, High, High Ratio Mortgage, home, Lending Institutions, Mortgage Amount, Mortgage Default, Mortgage Insurance, Mortgage Loan Insurance, Mortgage Refinancing, Mortgages, options, Owners, Private Mortgage, Ratio, Refinancing, Refinancing A Mortgage, Second Mortgages No Comments »Finding the Best Offset Mortgage Deal for you
Posted by admin on December 27th, 2009
Finding the best offset mortgage deal can be challenging. There is a huge amount of information on the internet and on the high street about offset mortgages, but instead of giving you clarity, it can leave you overwhelmed and confused as to which is the best offset mortgage deal on the market. What is [...]
Posted in Articles Tags: Best, Clarity, Cml, Council Of Mortgage Lenders, Current Accounts, Deal, Finding, Fsa, Households, Impartial Advice, Independent Body, Independent Mortgage Broker, Interest Rates, mortgage, Mortgage Account, Mortgage Deal, Mortgage Debt, Mortgages, New Mortgage, Offset, Payment Holidays, Rates Mortgage, Savings Account, Shapes And Sizes, Type Mortgage No Comments »Types of Mortgages Offered by Banks in Turkey
Posted by admin on December 27th, 2009
With the new mortgage bill that became effective on March 2007, banks in Turkey started to ofer a variety of mortgage products to their customers, tailored to each individual’s needs. These products and the rates differ widely from bank to bank when you include loan duration, down payment, commission fees, prepayment options and fees etc. [...]
Posted in Articles Tags: Banks, Best Mortgage, Financial Calculators, Fixed Rate Mortgage, Fixed Rate Mortgages, Foreign Currency, Loan Duration, Mortgage Bill, Mortgage Broker, Mortgage Product, Mortgage Products, Mortgage Software, Mortgage Type, Mortgage Types, Mortgages, Multivariate Optimization, New Mortgage, Offered, Optimization Problem, Prepayment Option, Prepayment Options, Rate Changes, Turkey, Types, Variable Rate Mortgages No Comments »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, [...]
Posted in Articles Tags: 100 Mortgages, Admin Fees, almost, Bad Credit Mortgages, Bank Of England, Base Rate Tracker, Capped Mortgage, Capped Rate Mortgage, Chequebook, Credit Crunch, Current Account Mortgages, First Time Buyers, High Interest Rate, Improving Your Credit, Improving Your Credit Score, Mortgage Broker, Mortgage Market, Mortgage Works, Mortgages, part, Sub Prime Mortgages, Tracker Mortgage, Variable Mortgage No Comments »