When it comes to buying mortgage protection insurance you have to take care. Mortgage cover is usually offered at the time of taking out the borrowing. However, by taking this option you could end up paying far too much. If you choose to go independently for the cover with a specialist in payment protection you [...]
Continue reading...4. November 2007
It is for these types of investors that the interest only mortgage options should be used. The borrowers are business people, with business plans, and enough knowledge about the workings of commercial and mortgage loans, to understand a good investment from a bad. The commercial mortgage industry is a huge market, and since most [...]
Continue reading...2. November 2007
Home owners who have paid down a portion of an existing mortgage generally have built up some home equity against which they can borrow to offset other debts. While using a mortgage for debt consolidation means using your house as collateral, there are reasons this can make sound financial sense as long as you can [...]
Continue reading...1. November 2007
Here is one of the successful candidates for the interest only mortgage. The young professional that is eager to get out into the home ownership market. He or she is equipped with some level of mortgage product comprehension, and a guarantee of increasing income.
Continue reading...1. November 2007
The real estate market and the mortgage market are great friends; they generally are seen hand in hand, wherever they may go! One fuels the other’s ambitions. Never a truer statement has been made and they (the real estate and the mortgage market) seem to feed off each other, as they both [...]
Continue reading...28. October 2007
In 1938, Fannie Mae was established by the US Government to promote the growth of home ownership by providing a secondary mortgage market. What is a secondary mortgage market? Well, the secondary mortgage market exists in the buying and selling of a mortgage from one lender to another. The bank, or Mortgage [...]
Continue reading...15. September 2007
What is LIBOR and why would we want to use a LIBOR? How does LIBOR tie into interest only mortgages? These are really good questions. I myself until recently had no idea what a LIBOR was or is, or if I wanted to use one. I am a little more educated [...]
Continue reading...2. September 2007
TokayWell, here is an example of the system that isn’t functioning as intended: a mortgage loan that encourages paying off one debt, in order to overspend ourselves with another debt. The interest only mortgage and the credit card debt. As a borrowing nation, I believe we’ve reached new levels.
Continue reading...1. September 2007
Where do you find low interest, interest only mortgages? Almost every store on the street offers these types of mortgage products, but who is the best, and who is the lowest? That’s going to take some work on your part, and maybe just a little luck.
Continue reading...21. August 2007
Prior to the depression of the 1920s, there was a mortgage loan product used by many of the American people, known as the interest only loan. Why did this long disappear? And why has it suddenly reappeared? Let’s take a moment to answer each question, and hopefully provide some food for thought.
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25. January 2008
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