Can I consolidate other debts into a mortgage?

November 29th, 2010

It’s quite popular for some homeowners to consolidate their debts into their mortgages. The mortgage – which tends to have a lower interest rate than many other types of debt – is extended while the other loans with their higher interest rates go down.

While this can be a good idea for some people, consolidating debts into a mortgage can be deceptively simple and can be a way for many people to ignore very real issues with their overall debt levels.

What are the advantages of fixing a mortgage?

November 26th, 2010

A Fixed Mortgage is a mortgage with the interest rate kept at a fixed level for a period of time, often between one and five years.  There are a number of advantages to doing this.

What is compound interest and why it is important for a home owner?

November 25th, 2010

Compound interest is often seen as a concept that only really matters in a maths classroom. But it’s a vitally important concept for a homeowner to understand as understood correctly, it can save thousands of dollars with little extra effort.

Can I get a mortgage through my trade union or professional association?

November 24th, 2010

Many unions and professional associations are starting to offer various types of financial products, including life insurance, domestic insurance, and pension savings plans. Mortgages are also among these financial products.

Should I pay money into my savings account or pay off my mortgage?

November 23rd, 2010

If someone receives a financial windfall of some sort, a common question is whether they should use that money to pay off the mortgage or put it into savings.