Should you pay points? What are points? Is that money going directly into the Loan Officers pocket? Well, that depends. This article will look at these questions as well as a few others to see which strategy makes the most sense in the long run. Well also look at the math to calculate when points make sense and when they dont.
Prepayment Penalties & Indexes
This article deals with some rarely discussed mortgage details that can have a major financial impact if youre not careful. For starters, theres Prepayment Penalties. These penalties can cost you a bundle and theyre often overlooked during the origination of the loan as well as the signing. Many mortgage brokers know perfectly well the program theyre putting you in has a Prepayment Penalty and they avoid the topic as much as possible. So a lot of people have penalties and…
Real Estate Investment – A Guide On Buy To Let
The process of purchasing an investment property is very different to that of buying a home for example, for you and your family to live in. There are many other considerations that must be taken into account before making this big step.
Remortgage – What Is It And Why You Should Do It
Remortgage can be defined in two different ways. The first is when a homeowner takes out a loan, using their property or the equity in their property as collateral, when they already have a loan on the property. The second definition is when a homeowner changes their current loan to a new lender.
Mortgage Calculator Helps You Find The Right Mortgage
Your dream house may not be everyone else’s idea of “Home, Sweet Home,” but it’s going to be all yours.
Mortgage Refinancing – The Facts
Mortgage refinancing is when a homeowner gets a new home loan to pay off their existing one. The benefits of doing this are that they may be able to save money by getting lower interest rates or special deals. Refinancing is not the best option for everyone, though. For a person who is facing financial problems refinancing could spell trouble.
Mortgage Refinancing: Even With Bad Credit
If you are wondering if you should avail of property refinance or a home equity loan but are concerned about your credit history, don’t give up. You could make use of several other options. Even if you have a bad credit history, it is possible to refinance your home or to get a home equity loan or line of credit. The lending industry has established new guidelines that make it much easier to refinance your existing mortgage or to get a home equity loan. Even loan-seekers with…
Making The Most Of Current Mortgage Rates
If you are on the market for a mortgage you will soon find out, if you havent already, that the current mortgage rate is only current for that day and sometimes even for just for that hour.
Money News Made Easy
If you want to keep up on the latest in the world of finance there are many more options than going out each day and vigorously scouting the information and news yourself.
Mortgages – A Guide For First Time Buyers
The prospect of buying a home for the first time can be a very exciting experience, however for many it can also be a very daunting one too.
Mortgages – How Lenders Work Out Affordability
If you are thinking about purchasing a property it is first important to know how much you can afford to borrow. Mortgage Lenders traditionally used income multiples to work out this amount.
Mortgages – Some Important Points You Need To Consider
There are many potential perils and pitfalls that a borrower can face when buying a home and taking out a mortgage. Many borrowers can fall foul of these perils due to misinformation or a misunderstanding.