If you are currently paying the standard variable rate with your lender, or are coming to the end of a special rate, you could find that a lower rate of interest on offer from alternative lenders. By renegotiating the interest rate, you could have lower monthly payments
The Offset Mortgage Why Is It Growing In Popularity?
The biggest innovation in the mortgage market in recent years, the offset mortgage, is now starting to take a significant share of the market. Now, only six years after they were introduced, the offset and the current account mortgage account for 10% of all borrowed mortgage capital.
According to one of the UK’s largest mortgage lenders, as many as 25% of existing mortgage holders could save money in the long run by choosing an offset mortgage. If you’re one of those poss…
Things to consider when shopping for a mortgage.
One of the first things to consider when shopping for a mortgage is what length of time would you like the mortgage to be. Would a 40 year mortgage be more advantageous then say a 30 year mortgage for example.
Tracker Mortgages Still An Attractive Choice
First time buyers are still being advised to seriously consider opting for a tracker mortgage, despite growing rumours of a rise in interest rates before the end of the year.
Although the Bank of England moved to hold interest rates at 4.5 per cent recently, speculation is mounting that a quarter point rise will be enacted before the start of 2007.
However, Moneysupermaket argues that those currently looking for mortgages should not automatically discount the idea of a …
Understanding Prepayment Penalties on Home Loans
Mortgage lenders prefer certainty to chaos. Some lenders take this concept to its logical conclusion in mortgages by inserting prepayment penalty clauses.
What Are Subprime Mortgage Loans?
You certainly have heard or read news about the subprime mortgage loan mess that the United States is currently suffering from. But, what exactly is a subprime?
What Mortgage Surveys in 2007 Depict?
The august 2007 survey on US mortgage has shown a significant downfall in the market due to lowered treasury yields.
Why a California mortgage quote is sometimes higher – and why it doesn’t have to be
When it comes to California mortgage quotes, the rate is important but it is also necessary to consider the overall costs involved. Factors like the APR, loan fees, discount and origination points need to be properly understood and calculated.
The benefits to get Loans in Maico Home Loans
Now a days Home loans is biggest investment the companies make and large amount of loans that the customers will take
The Online Mortgage Application Is The Best Option For Good & Bad Credit
Are you ready to fill out a mortgage application and get your home loan process going? Consider applying for your mortgage online in order to get the best interest rate and the best loan program for you.
There are many mortgage companies online that will offer you the option to complete your mortgage application online, which is very convenient. However, make sure that the mortgage company you apply with can provide you with multiple offers for one application.
The bene…
Thinking Of an Endowment Mortgage?
Endowment mortgage is a type of mortgage where you need not pay the principal amount you have borrowed from the lender, during the term of the loan, you would be paying only the interest and as well as the premium for the endowment policy you have taken.
Tracker Mortgages Are They Worth The Gamble?
How well do you know the money market? A tracker rate mortgage has a variable rate, usually a set percentage above or below the Bank of Englands base rate.