Archive for the ‘mortgage repayments’ Category

Why You Should Not Take Out a Loan For a Mortgage Down Payment

January 25th, 2011

Home ownership is a great accomplishment to which most people understandably aspire. Sometimes, however, consumers will go to great lengths, to make that home ownership a reality. A common method for initiating this new phase of adult responsibility is to obtain a personal loan and apply the amount as the down payment for a mortgage.
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How to Manage a Variable Rate Mortgage

January 19th, 2011

Variable rate mortgages can produce great results for home owners who are hoping to receive some relief on their monthly mortgage repayments from time to time. Variable rate mortgages are not all about waiting for lower rates, however, as higher rates are certainly a constant threat.
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How a Bridge Loan Can Help Property Owners

January 12th, 2011

Bridge loans fall under the category of short term loans which buyers can arrange to act as a “bridge” between an existing loan and a newer mortgage agreement. The newer loan is typically bigger than the existing loan, although this is not necessarily required.
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Dangers of a Reverse Mortgage

January 10th, 2011

A reverse mortgage can provide a financial boost for customers of retirement age, who need extra cash for unforeseen expenses or as a supplement to their pensions. The home owner is granted a loan amount that is a percentage of the home’s value, and the cash is distributed as a lump sum or monthly payments, depending on the borrower’s preference. A reverse mortgage can be a great way to withdraw some of the equity that the home owner has put into their property over time, but as with any investment, there are risks involved. Below is a list of the dangers of arranging a reverse mortgage.
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Can I Refinance a Mortgage When it is in Trouble?

January 10th, 2011

It can often be the case that a home owner realizes that their mortgage repayments could be in danger, even though their current payments are up to date.  It could be that a job has been lost, there are some new expenses, the income has gone down to a lower level of commissions or there is less available overtime at work.  There can mean that the mortgage will become more difficult to pay and that refinancing should be considered.
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