Before I go further, let me ask a question- if you won the lottery tomorrow, would you take the payout in a lump sum or in
monthly payments? Most people would take a lump sum because even though it might be less than the total prize, they would have
control over a large sum of money now and could let the time value of money go to work and increase their winnings. So why then
would you opt to get paid on your business sale over several years rather than take a lump sum payout? The answer is probably
because you didn't know that you could get cash for your business note.
You may have heard people, especially mortgage lenders, extolling the virtues of biweekly payments, saying that you can save
thousands of dollars and take 5-7 years off your mortgage--and then offering to set up a biweekly plan for you for as little as
$400. But you don't have to spend $400 to begin saving money and time on your mortgage.
With mortgage rates continuing on a downward trend, the competition in the business is fierce. A day never passes that I
don't hear some crazy advertisement about a new loan program that XYZ mortgage company has and no one else offers.
When you go to the bank to get a mortgage, you'll inevitably be asked to take out mortgage insurance. The idea behind mortgage
insurance is simply that if something happens to you or your spouse then your loan will be paid off which is good news for your family and the bank.
I read a press release the other day which points to the fact we need to be very careful with our finances. The subject of the release was home mortgages.
When you begin your search for a new home loan, one of the first things to consider is where you'll get the money. Your basic choices will be mortgage brokers and banks.
Presently council tenants are able to purchase their rented property after 2 years of tenancy. However, this is about to change.
In many ways a commercial mortgage is just like a residential mortgage in that you pledge real property as collateral against a
loan to either buy or refinance that property. You can also receive a commercial re-mortgage and use it as a line of credit for any business purpose.
Bridging finance, also referred to as "bridge loans" and "bridging loans", have nothing at all to do with re-constructing
the London Bridge. Bridging finance is typically a short-term loan that a business uses to supply cash for a real estate transaction until permanent financing can be arranged.
Home equity loan information can sometimes be confusing and misleading. I have written this article to properly explain home equity loans.
There are at least two types of home equity loans. The first is a term or closed end loan and the second is basically a line of credit.
Using a home equity loan really depends on what your needs, wants and desires are that prompt you to take the home equity loan in
the first place. The most common reason people obtain the loan is for debt consolidation however other uses include home
improvements, educational expenses, unexpected family emergencies, medical expenses and in some cases for big ticket purchases.
This is an excellent loan for those that are lacking the down payment required for other types of mortgages. The 80 20 mortgage is simply two loans for 100% of the purchase price.
One of the most common terms found in a new home loan is a prepayment penalty. This type of penalty says that if the
borrower pays off the loan early, commonly during the first five years of the loan, then the borrower will be responsible for
paying an additional amount of money, typically about six months interest on 80% of the mortgage balance.
Tuition costs are climbing, housing costs are climbing, it seems like all the costs for students are climbing these days. Students
can afford cost increases less than any other demographic in Canada.
More Articles from the
Mortgage & Refinancing
MORTGAGE-REFINANCING NEWS updated
Fri. September / 20 / 2019
Is it time to refinance your mortgage? KOMO News
Maybe you've noticed: The cost of borrowing money to buy a home is way down. Current rates on a 30-year fixed mortgage are well below 4%, down from above ...
FHA sets limits on cash-out refinancing Washington Post
TOWN SQUARE | Beginning Sept. 1, FHA borrowers will now be limited to cash-out refinancing a maximum of 80 percent of their home value, down from 85 ...
Just Listed in Arlington ARLnow
Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Team Cathell, “Your ...
Refinance rates ease for Friday Bankrate.com
Several benchmark refinance rates slid lower today. If you're shopping for a home loan, see how your payments might be affected.
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Mortgaging - Refinancing
related ebooks tips do it yourself how to articles:
Home Buyer Beware - Know the Signs of Real Estate Market Trouble
Lots of articles have appeared recently about the booming real estate
market in the United States. Home prices, especially on the East and
West coasts, are not only at record levels, but are increasing at record
Bad Credit Home Financing - Get The Mortgage Loan You Want Even With Poor Credit
Having poor credit alone cannot hold you back from getting the home loan
you want. Buying a home that is everything you want in a home, is a very
Private Mortgage Insurance Basics
Will you be asked to pay Private Mortgage Insurance, or PMI? Most
lenders will require you to carry PMI if you cannot put 20% or more of
your loan amount forward as a down payment. PMI protects the LENDER in
case you default on your payments.
Be Prepared when Seeking a Mortgage
When you're looking for a mortgage, whether it's a first time loan or
you're taking advantage of an opportunity to refinance an existing
mortgage, it may seem that you're wading through a quagmire of uncharted
territory. If you're prepared ahead of time, you'll avoid some of the
common pitfalls and know how to find the best deal for your situation.
Online Mortgage Brokers - What You Might Not Know About Home Loans & The Internet
You may think that applying online for a mortgage is the same as
applying with a broker in the 'real world', only more convenient. While
applying for a mortgage online is much more convenient, and sure to help
you get a lower rate because of the amount of competition online, there
is another benefit to using the internet when applying for a loan.
Types of Home Equity Loans
There are at least two types of home equity loans. The first is a term
or closed end loan and the second is basically a line of credit.
What is a Current Account Mortgage?
Current account mortgages are fairly new to the sector. They are quite
different to other types of mortgage as they enable you to set off all
your savings and debts in one single account.
Poor Credit? Get a Sub-Prime Mortgage Now, and Refinance to a Conventional Mortgage Later
There are great mortgage loans for people with poor credit, and yes, you
can still save thousands of dollars. In order to receive preferential
treatment for mortgage professionals, you'll need a credit score of 680
or better (this is considered A credit).
A mortgage is borrowing money using property as a security, a type of
secured loan in other words. Primarily, the purpose in borrowing the
money is to purchase a property.
How To Tap In To Your Home Equity
With today's relatively low interest rates and climbing property values,
many consumers are considering taping into their home equity to finance
everything from home improvement projects to debt consolidation. Secured
home loans, also called home equity loans, are loans backed by the
borrower's equity in their property.
Home Loans -- Federal Regulators Warn Lenders to Be More Careful
Federal banking regulators have recently expressed some concern over the
housing market as home prices in the United States have risen to record
levels. While homes are more unaffordable than ever for many people, the
lending market remains strong, mostly because of the introduction of
new, ever-more-flexible types of loans.
Home Mortgage Rate Shopping - Why Some Shoppers Give Up And Others Don't
About 29% of current homeowners and a much larger percent of consumers
with income levels above $50,000 feel it best to stay as far away from
offers to finance or refinancing their home as possible. And this seemly
for good reason.
Home Equity Loan Improvements
There's more Regulation Z compliance on the way, courtesy of the Home
Equity Loan Consumer Protection Act. This fall banks will have to
implement the new home equity loan disclosure rules the Federal Reserve
Board was required to issue under the act.
Is an ARM Right For You?
Let's start by taking a look at 7 key elements of an adjustable rate
mortgage:1) ARM defined: While a fixed rate loan is constant and never
changes throughout the life of the loan, an adjustable rate mortgage
changes periodically. The interest rate of an ARM goes up and down based
on whatever external index it is tied to.
Home Equity Line of Credit - Great for Remodeling Projects
Many homeowners are lucky enough to find a house that represents exactly
what they want in a home. They buy it, make the payments on it, and live
more or less happily ever after.
A Guide to Quick Homeowner Loans
The search for quick homeowner loans can seem futile at first,
especially if you don't know exactly what it is that you're looking for.
Different lenders may take longer or shorter periods of time to make
loan decisions, and the time that they use may be time that you
Look For a Great Mortgage Online
People who are looking for a mortgage today have many more options than
those who were searching for a mortgage a few years ago, thanks to the
Internet. Consider how technology has changed the way we do many things,
including shopping for products and services - including loans and
Interest-only Equity Loans Create Amazing Power and are Quite Easy to Get
The power of home equity and interest-only payments, provided from most
home equity loans is amazing. You can get a home equity loan, with no
closing costs and pay as little as $30.
Home Equity Loan Risks
Home equity loans give individuals a tool to extend their existing
credit line by securing debt on the equity value of their existing
homes. This access to easy and cheap money can lure the borrower into
securing a debt for reasons which otherwise could have been funded
through wise money management.
Securing the Best International Mortgage for Your Home in Spain
Are you one of a growing number of people planning on buying a holiday
home in Spain? Or have you decided to expatriate, buy a Spanish home and
live in it permanently? If so, you may be about to begin your hunt for
an international mortgage to purchase real estate abroad? The task of
finding the best international mortgage can seem like quite a daunting
one at first glance with many domestic, overseas and international
providers vying for your business. But don't panic! Tackle the task head
on, ensure you secure yourself the best possible international mortgage
or property finance deal today and you will save yourself tens of
thousands in interest payments over the lifetime of your mortgage.
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