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.
Re-mortgaging the benefits
Banks are reporting that the numbers of customers re-mortgaging their properties is at its highest ever. Most of these customers are seeking to take advantage of two important trends in the economy.
Remortgaging Is It Worth Being A Rate Tart?
Mortgage lenders call people who switch mortgage lenders to follow lower rates Rate Tarts as if thats going to put them off! These are tarts with brains (not hearts) as we all know that the best way to get the cheapest deal is to shop around, and thats what theyre doing!
The mortgage lenders are in heavy competition with each other to attract the most customers, and although some offer other incentives like free valuation and set up fees, its the interest rate tha…
Second Mortgages or a Further Advance
If you are a homeowner and in need of some extra cash, one possibility you could consider is taking out a second mortgage.
Second Mortgages: What you Need to Know
At times in life it may be necessary to come up with a sum of cash for unexpected expenses or even expenses that you might not be able to afford without a influx of cash. In these cases a second mortgage can come in quite handy.
Self Certificate Mortgages Prove Yourself!
Bank managers are probably the most risk-averse individuals you are likely to meet without proof of a regular salary and sound financial track record you may presume a frosty reception when you ask about borrowing.
Servicemembers Civil Relief Act (SCRA) Common Questions
Reservists, guardsmen and other military personnel can find answers to questions about mortgage payment relief and protection from foreclosure provided by the Servicemembers Civil Relief Act of 2003 (formerly The Soldiers’ and Sailors’ Civil Relief Act of 1940).
Online Mortgages Get Wise To The Web
The boom in online banking and the success of some of the bigger online banks looks likely to revolutionise the way we manage our finances.
Making UK Mortgages More Accessible
Previously, in the UK, if you wanted to apply for a mortgage to buy a new home, the amount that would be lent to you would be automatically tied to how much money you earned. With runaway UK housing prices over the last decade, and with incomes remaining fairly stable, this method of calculating how much you could borrow on a mortgage has become out dated. Today, many new home buyers need to look for more creative ways to borrow money if they want to buy a new home in Britain…
Mortgage Brokers What Are They?
A mortgage broker is an individual which acts as a middle man between lenders and borrowers. A skilled mortgage broker can look at a variety of different loans to find one which suits the needs of the borrowers.
Mortgage Length Calculating Which Is Best
For many people, purchasing a home is one of the largest and most important investments they will make after their education. It is important to make sure you choose the right mortgage, one you will be able to pay off within a reasonable amount of time.
Fixed Rate Mortgages Know Your Rate!
Nothing is ever certain in the world of finances, and theres no way of predicting how the market will change in the future. However, if you want to be able to plan your budget precisely, then a fixed rate mortgage might be the right option.