how-mortgages-work.blogspot.com
How mortgages work: Remortgaging
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Thursday, October 4, 2007. As mortgage lenders offer their best deals for new customers, remortgaging has become common place in the UK. The savings can be substantial, especially if you’ve got a large mortgage or are no longer enjoying any special introductory offer. Will you pay a penalty? If you’re unsure how to calculate any redemption penalty on your mortgage, then a quick call to your mortgage lender will be required and they should be able to give you the information relatively quickly. The second...
second-mortgage-loan.blogspot.com
2nd Mortgage Loan: 2nd Mortgage Quick Tips
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Friday, October 5, 2007. 2nd Mortgage Quick Tips. Getting a Successful 2nd Mortgage. 2nd mortgages can be tempting because you can get a large amount of money. However, there are some common pitfalls you should keep an eye out for. Take a quick glance over these 2nd mortgage quick-tips. You’ll be in a better position to negotiate the best 2nd mortgage. Watching these factors will help your 2nd mortgage be a success:. Know about any balloon payments in the deal. Some 2nd mortgages start with low, easy...
second-mortgage-loan.blogspot.com
2nd Mortgage Loan: What Is a HELOC?
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Friday, October 5, 2007. What Is a HELOC? I have been advised to refinance with a HELOC rather than with a standard mortgage. Could you explain the difference, and why one might be better than the other? HELOC stands for home equity line of credit, or simply "home equity line." It is a loan set up as a line of credit for some maximum draw, rather than for a fixed dollar amount. Interest on a HELOC. Because the balance of a HELOC may change from day to day, depending on draws and repayments, interest on a...
how-mortgages-work.blogspot.com
How mortgages work: Bad credit mortgages
http://how-mortgages-work.blogspot.com/2007/10/bad-credit-mortgages.html
Thursday, October 4, 2007. Can you get a mortgage with bad credit? So, you’ve got a bad credit record. Perhaps you’ve missed a few credit card payments, have had a County Court Judgment awarded against you or have previously been made bankrupt. Does this mean you can’t get a mortgage? Try a mortgage broker. What sort of deals can you get? As you might expect, the interest rate you’ll be charged for a bad credit mortgage will be slightly higher than for an ordinary mortgage, and exactly how high wil...
how-mortgages-work.blogspot.com
How mortgages work: Buy-to-let mortgages
http://how-mortgages-work.blogspot.com/2007/10/buy-to-let-mortgages.html
Thursday, October 4, 2007. The rise of buy-to-let. With house prices soaring, buying additional properties to rent out has become increasingly popular. In order to fund these deals, most people take out a buy-to-let mortgage. The basic idea is that the rental income should cover the cost of the mortgage and any maintenance costs, so that the buy-to-let investor will make the majority of their profit from any increase in house prices. There are some key differences however, as we describe below. With an o...
how-mortgages-work.blogspot.com
How mortgages work: Home Information Packs
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Thursday, October 4, 2007. Latest news: Delay in launch. The reason cited for the delay is a lack of accredited energy assessors who will be needed to produce the required energy performance certificate. The government ruled out launching HIPS with no energy performance certificates. What are Home Information Packs? Some estate agents are offering free Home Information Packs if you sign up for their services. In these instances it’s worth checking the small print for any charges that apply shou...There a...
second-mortgage-loan.blogspot.com
2nd Mortgage Loan: Refinancing Mortgage Loan
http://second-mortgage-loan.blogspot.com/2007/10/refinancing-mortgage-loan.html
Friday, October 5, 2007. Refinancing mortgage loan brokers are a good source for your refinancing mortgage loan.However, you have to avoid overpaying for your new mortgage.Brokers are benefiting unscrupulously by a mortgage rate that includes Yield Spread Premium and serve their need for a commision instead of finding you a good deal.They are only keen on their profits by boosting up your interest rate. With a fifteen year mortgage you will benefit a lot by paying significantly less in finance charges an...
