More buy-to-let landlords selling up
The number of residential landlords selling their properties is at a three year high, as many try to cash in their properties at the height of the market, according the Royal Institution of Chartered Surveyors.
Reverse Mortgages Can Reverse Your Luck!
Looking after an aging parent in their own home often seems to be a good solution to an awkward problem. However, depending on the type of financing on the property in question, things could get difficult.
Easier Solutions For Home Owners?
Imagine suing Wall Street because your mortgage company had financed you for a loan that you couldn’t repay! It sounds unreal, but a new bill proposed would allow just that! The mere fact that there is even such a bill being thought of could serve as a warning to all of us that care must be taken, as not all financial institutions are not equal!
Fixed Rate - or Wait?
Times they are a-changing and these days we all have to become our own mortgage experts. So, is this a good time for a fixed rate mortgage? Today’s market seems to be crying out for would-be home owners to negotiate for only one type of mortgage, and the advice must be clear: finance with fixed-rate mortgages.
Which Mortgage? Part 2
Adjustable Rate Mortgage:
Which Mortgage? Part 1
There has been a large amount of media coverage relating to mortgages and more specifically the recent increase in interest rates. There are so many different types of mortgages that it could get confusing, but several of the most popular ones can be de-mystified.
Paying the Penalty
The interest rate has just dropped and you wonder if you should try and get a lower rate on your mortgage, but there are penalties involved in breaking your mortgage agreement. Hmmm…what to do?
The Interest in Interest Rates
Lately we have all become more curious about interest rates and the effect they have on our lives. Our main interest, of course, is to get the most for our money, and as most of us borrow money for a house purchase, part of this involves finding a good interest rate for our mortgage loan.
Act Now to Forgo Foreclosure
The subprime mortgage crisis has been on the tip of everyone’s tongue lately, and the housing market has cooled. Rather than being discouraged by this, smart investors realize that this is the time for deals to be had. We’re in a buyer’s market, which is an enormous relief for buyers who have watched the market balloon over the last decade. But what if you are one of the thousands of people who got caught up in the low-interest madness, thinking you’d be making enough money to cover the difference when your rates reset?
Are You Credit Worthy?
Lenders take various criteria into account when determining whether an applicant is credit worthy, but it generally comes down to three important points:
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