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Mortgage Prepayment by Doubling Principal
20 September 2004 "I have been advised that I can cut the life of my mortgage in half by making an extra payment to principal each month equal to that month?s principal payment. Is this true?" I have been asked this question many times and have always answered it in ... more...

Lies Mortgage Shoppers Hear
    December 2, 2002, Revised July 16, 2004 "I am about to shop the market for the mortgage I need to finance my home purchase.  Is there a danger that people won?t tell me the truth?  Any lies I should look out for in particular ... more...

repayment calculators related definitions

Prepayment Penalty
Prepayment Penalty Money charged for an early repayment of debt. Prepayment penalties are allowed in some form (but not necessarily imposed) in many states. Prepayment Penalty makes refinancing less beneficial within a set time period, usually 3 or 5 years. Loans with ... more...

Mortgage Note
Mortgage Note A written negotiable promise (agreement) to pay a sum of money plus interest at a set interest rate. The note is secured by a mortgage. In turn, mortgage is secured by property. Mortgage note states the amount of debt and the rate of interest, and makes the ... more...

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Get Free repayment calculators Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Title Loans Backed by Your Vehicle is a Good Instant Loan Option
Title loan is very famous among the residents of the UK as a loan for a short term. Add to this the instantaneous approval that borrowers can have, and title loans form the best available option.A title loan is a secured loan with the title to the automobile serving as the collateral. The use of ... more...

A Quick Guide to Unsecured Loans
Imagine, falling into an emergency situation with an empty bank account. Does it raise your blood pressure? Doesnt your happiness vanish? Indeed, it does. The matter aggravates when you have no one to bank upon, no property or asset to offer as collateral or you dont want to put your beautiful ... more...

Cash Loans for the Unemployed: Ready Money in Distress
Unemployed people are persistently cash-strapped. Lack of an income, regular expenses and a drying or non-existent bank balance often has them lurking for finances. In such a precarious situation any financial emergency can make them desperate and the results can be disastrous. To prevent any such ... more...

Being Informed About Debt Consolidation Loans is the First Step Towards a Best Deal.
Though online loans brought in convenience to borrowers, trusting a particular lender for his services was made far more difficult. Having to deal with a virtual person through ones computer left little of personal bonding between lenders and borrowers.This rightly applies to Debt consolidation ... more...

Secured Loans - UK Overview
Borrowing money has become more and more popular in the UK over recent years, and this is partly due to the fact that it has become far easier to borrow money. The rising popularity of consumer finance has also been aided by the wide variety of deals and the low interest rates available these days. ... more...

Secrets & Benefits of Secured Loans
Borrowing money has become more and more popular in the UK over recent years, and this is partly due to the fact that it has become far easier to borrow money. The rising popularity of consumer finance has also been aided by the wide variety of deals and the low interest rates available these days. ... more...

Home Loans- a Fillip to Your Desire to Rise on Property Ladder
When Mr. Wilson, your colleague at office, shifted to the posh London locality, you were taken for a shock. How could Mr. Wilson manage to buy a home with his paltry income when you still had to make do in your two-room apartment? You are not necessarily jealous but surprised at the turn of events. ... more...

An Infinity Mortgage?
Here in Spain the concept of a mortgage period of 20 or 25 years is something new. The general feeling by the banks is that want their money back more quickly than banks in countries in which they are accustomed to longer periods. The borrowers are also accustomed to the idea that the guiding ... more...

All You Wanted to Know of Bad Credit
Martin Henderson is in a fix these days. Because of his failure to repay a loan he had taken a few years back, he has been adjudged as a bad credit case. And, in spite of much effort, he has not been able to get a loan or a mortgage. Lenders do not want to take risk by offering loans to him, and he ... more...

Factors That Affect Your Mortgage Rate
There are going to be many factors which affect your mortgage rate, some of which are under your control and others which you can do nothing about. You should be aware of all of the factors which might affect your mortgage rate and take them into consideration before applying for a mortgage loan. ... more...

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