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 ‘Traditional Mortgage’
Finding The Right Mortgage Broker Online – The Facts
The advent of the Internet has really revolutionised the mortgage industry. Now days you do not need to visit your local mortgage broker or bank to arrange a home loan, everything can be done sitting in front of your computer. Not only does this make the whole process quicker and easier but also means [...]
A Quick Guide to Flexible, Offset and Other Specialist Mortgages
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 [...]
Online Mortgage Broker Training Vs Short Sale Training
In today’s real estate market, the once lucrative opportunity of being a loan officer or mortgage broker originating loans and refinancing homeowners is no longer so lucrative. The sub prime mortgage meltdown and the mortgage credit crunch has really put a damper on that traditional business model. What all of the mortgage news sources don’t tell [...]
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