Archive for the ‘Types’ Category

What is a Short Sale?

January 10th, 2011

Options may seem to be few and far between for home owners who are facing foreclosure due to their inability to meet their monthly mortgage repayments. Not only is money often in short supply, thereby making repayment difficult for the foreseeable future, but the prospect of lengthy negotiations with the loan provider to reach an agreement on a refinance or a postponement may further deter many home owners. There is, however, the option of a short sale. This is a strategy which many property owners do not consider but which can help to avoid foreclosure on their homes.
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What is the difference between a fixed and a variable rate?

December 8th, 2010

People are often worried about whether the interest rate on their mortgage can be changed. The answer depends on the type of mortgage that the home owner has agreed with the lender.

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Split home loans

August 30th, 2010

Split home loans have an interest rate that’s split into a fixed rate and a variable rate component. This provides some of the cost advantages of a cheap variable rate mortgage while at the same time some of the certainty of a fixed rate.

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Do you really want a flexible mortgage?

August 23rd, 2010

Flexible mortgages are one of the most popular types of mortgages, with many homeowners selecting them in preference to other, more traditional mortgage types. And for some people, flexible mortgages are a powerful financial management tool. However, they are not for everyone and prospective homeowners should ask themselves if a flexible mortgage is their most appropriate choice.

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Flexible mortgages

July 22nd, 2010

There are a number of types of flexible mortgages on the market.  It is a good idea to know what the various types of mortgages are.

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