Archive for the ‘Investment Mortgage’ Category

Comparing a 15-year Mortgage to a 30-year Mortgage

February 14th, 2011

It is sometimes awkward for home buyers to know whether a 15 or 30-year mortgage is best for them. However, by comparing the key differences between the two types of home loans and filtering them through their own tastes and preferences they will be more able to make a decision.
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How to Make Money From Your Mortgage

January 14th, 2011

A mortgage is perhaps the single biggest financial commitment that a person can make. It signals not only monetary success, but stability and maturity as well, often seen as a rite of passage into adulthood. But for every home owner making monthly repayments on their current home or property, there is a potential home owner who fears the burden of debt that a mortgage can produce.
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What is a Discount Mortgage?

January 8th, 2011

A discount mortgage is a mortgage that is offered at a lower rate than the standard mortgages, either at a variable or a fixed rate.

A variable rate discount mortgage is a mortgage that is usually tied to the standard variable rate (SVR).  The standard variable rate is the rate which the banks set for their mortgages, applied across all mortgage products.  The standard variable rate is the default mortgage rate for most mortgages, and tends to be loosely linked to the interest rate that the Reserve Bank of Australia, although not always move entirely in line with it.
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Investment Mortgages

December 21st, 2010

An investment mortgage is most often a home loan sought by the buyer with the intended purpose of purchasing an investment property. The term applies whether that investment property is a single-dweller town house or multifamily apartment unit, a batch of commercial properties, or a string of properties that the buyer intends to turn into rentals. Since an investment mortgage does not contain the same features as a standard home loan, buyers should be aware of what they are getting into.
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Mortgages as a way of investing money

November 4th, 2010

Mortgages are a good way to invest, particularly for people who don’t know much about it. The reason for this is the differential between borrowed and saved money.

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