What is an Interest Only Mortgage?
An Interest Only Mortgage is one where the repayments are made up entirely of the interest on the loan. When the mortgage term is complete, the capital originally borrowed is still outstanding.To cover the balance, borrowers are advised to make regular contributions into an investment policy ... more...

Buying A Home After Bankruptcy - Get A Mortgage Loan After Bankruptcy
If you have a recent bankruptcy on your credit and are looking to get financing for a home, there is hope. Buying a home with bad credit will just put more emphasis on the other two factors needed to get a mortgage loan, which are; income verification and a down payment.After bankruptcy most ... more...

Why You're Probably Not Getting the Best Mortgage Rate Quote?
A loan is basically a product and like all products, its sales pitches can be exaggerated. The end result is that you end up with a loan that may not suit your needs at all. When shopping around for the best mortgage rate that is most suitable for you, one needs to be highly discerning with exactly ... more...

Home Loan Lenders - Finding the Best Home Mortgage Lender
The process of obtaining a mortgage or home loan can be very stressful and quite time consuming. Finding the best lender for your situation requires research and comparisons between lenders and loan packages. You may be searching for a first time home loan or to refinance your existing mortgage. ... more...

Home Mortgage Quote Problems? The Likely Culprit is Your Credit
Your credit has everything to do with home mortgage rates as lenders charge more points and higher interest charges to consumers with bad credit. Poor credit always implies greater risk, so lenders are entitled to be compensated for the risk they are taking.If you are a borrower who enjoys good ... more...

The Most Effective Way To Get A First Mortgage
Buying your first home can be both exciting and scary. Getting your first mortgage is part of that dream of owning your own home. Your first mortgage can be a confusing and difficult time for people who have never had to apply for a mortgage before or understand the many different aspects of a ... more...

Refinancing Your Home Mortgage Loan
Youre considering refinancing your home mortgage loan to save money. Interest rates are the lowest they have been in decades. But, youre asking yourself, Is refinancing worth my time and effort. Can I really save thousands of dollars on my home mortgage loan? The answer is yes. There has never ... more...

Helpful Mortgage Advice
Mortgage advice overwhelming you? Many people get advice from everyone on the planet when they talk about purchasing a home. People tell them their version of advice on most important factors and expect the potential home buyer to do as they have instructed.What is good advice and what is bad ... more...

The Best Way To Get The "Right" Mortgage
Are you thinking of buying a home? If so, then there are many things that you need to research first. For example, do you know what a mortgage is and do you know all the details of getting a mortgage? The more you know before you get into it, the easier the whole process will be for you.If you've ... more...

Why a California Mortgage Quote is Sometimes Higher - and Why it Doesn't Have To Be
When it comes to California mortgage quotes, the rate is important but it is also necessary to consider the overall costs involved. Factors like the APR, loan fees, discount and origination points need to be properly understood and calculated.Counting the Points Lenders may or may not include ... more...

Key an Eye on Your Mortgage Payments
In previous decades, when a borrower missed a payment on a mortgage, the lender would often consider them one month behind until they eventually caught up. Most lenders would impose a late fee and other interest or penalties, tacking them onto the back end of the loan as long as the lender stayed ... more...

What is a Repayment Mortgage?
A repayment mortgage is the type of mortgage that most people think about. The idea behind a repayment mortgage is that you pay monthly for a set period and each payment consists of an element of capital and interest.A repayment mortgage is one for which each monthly payment contributes to the ... more...

Your Mortgage Rate Compare and Save
When trying to obtain the best mortgage rate compare offers from several lenders or brokers. Know how much of a down payment you can afford, and find out all the costs involved in the loan. Knowing just the amount of the monthly payment or the interest rate is not enough. Besides your mortgage rate ... more...

Bad Credit? First Time Buyer? You Can Still Get Approved For A Home Mortgage Loan
Do you have bad credit that you worry will stop you from being able to apply for a home mortgage loan? Have you given up on the dream of being a home owner? Well dont. Take comfort in the fact that there are special home mortgage loans that you can apply for, that will make sure your dreams of ... more...

What is a Fixed Rate Mortgage?
As the term implies, with a fixed rate mortgage the mortgage rate is fixed for a set period of time, so no matter what movements occur in the lender's standard variable mortgage rate, the borrower's arrangement is fixed and, therefore, so are the monthly fixed rate mortgage payments.A fixed rate ... more...