Archive for the ‘Feature blog post’ Category

What to look for in a first time mortgage

May 16th, 2010

First time mortgages can be daunting for a new home buyer, but they are quite easy to understand when the home buyer knows some of the basic concepts. Mortgages and home loans tend to be very much cheaper than other loans.  This is for three basic reasons.  Firstly the loan is securitised, which means that if the loan is not repaid then the home loan lender is able to repossess and sell the house.  This not only means that a lender is very likely to get all their money back, but that a borrower in most cases will prioritise their mortgage payments over other loans and many other necessities, and so will be unlikely to get in a default situation.

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Mortgages for people with a poor credit history

April 12th, 2010

It can be difficult for people with a poor credit history to get a mortgage.  This is especially so after the credit crunch. When it is possible to get a loan these tend to have higher interest rates, lower deposits and more stringent terms and conditions. This is because of the possibility of default.
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Split Home loans

March 29th, 2010

Split loans are loans where some of the loan is kept at fixed interest and some is kept as variable interest.

One of the biggest choices that a borrower makes is between fixed and variable rate interest loans.  
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