Maybe you have tried to work with your mortgage company to stop bank foreclosure or maybe you just do not want to stop it. Either way, there are some things that you need to be aware of.If you intend to surrender your home to the bank, do yourself a favor and tell them that. This may help prevent them from calling you and contacting you in other ways. You may also want to write them a letter telling them that you intend to give up...more
Mortgage protection is an optional policy which ensures your mortgage payments are fulfilled if you cannot pay for certain reasons. Depending on your personal financial circumstances, gaining mortgage protection may be a good idea for safeguarding your home should difficult times occur unexpectedly.Why is mortgage protection necessary?In 2009, as the UK economy struggled to recover from the recession, 46,000 homes were repossessed, according to...more
Perhaps you want to buy a house for the first time. Or maybe you want to upgrade to a bigger house.No matter what your reason is for taking up a mortgage bond, it's wonderful if you have the right tool available that can tell you within seconds whether you can afford to buy your dream home or not.If this sounds like you, you're in luck: there are nowadays a myriad of mortgage calculators available online.The first step you have to take is work out how much you can afford to pay every month. You can only do this is you have a budget for the family income and expenses. Once you have listed all your monthly income and made a list of all other expenses apart from the bond repayment, you will know exactly how much is left. Allow a certain amount for unforeseen expenses and the rest is available for your monthly home loan repayment.Now find a mortgage calculator and enter the purchase price of the house you're interested in. Usually the calculator will have a field to enter the amount of the deposit you can put down. This will determine the loan which you have to apply for.After entering the number of years for which you want a loan and the interest rate, hit the calculate...more
The close of Summer is at hand.It has been a very pleasant spell of weather that was long overdue after one of the coldest dampest and snowiest Winters and Springs ever recordedAs such after such a long period of bad weather which reflected the austere mood of the economy, many peiple really looked forward to Summer with all the joys that it can...more
Earlier this year, the bankers of Europe submitted information into a stress test about their capital reserves to capture what kinds of securities their reserve funds were made of and how much they were fuelled by money based in volatile countries like Greece, Spain and Portugal. Despite the results of the stress test being reassuring...more
Many students are required to foot the bill for their own tuition, rent and academic reading materials while at college. However, if you have a bad credit history or even no credit history at all, it can prove difficult to secure a loan without somebody to act as a cosigner.For Students:There are a few options for those who are seeking student loans without a cosigner. These loans primarily come from two different sources: the government and independent lenders. The government gives out loans to students who have academic promise, but come from low-income families. Independent lenders, such as banks, give out loans to people with a good credit history.Since most students have not established a credit history, they are required to have cosigners on their loans. If you have nobody who can help you as a cosigner, you probably will not qualify for most private loans. In this scenario, your best bet is to stick with government-funded loans.A few examples of these include the Stafford loan, Parent Loan for Undergraduate Students (PLUS), and the Perkins Student Loan. To apply for these, you might be required to have a checking account and permanent residency. Do you make good grades? Did...more
Cotton paper with a weight of around 80 to 90 grams per square meter is mostly used in the making of world banknotes. The final decision though, is based on the directives issued by the central bank of the specific country. Here the decision is taken...more
Understanding how payday loans work can help you handle urgent financial problems with ease. There is no way to plan for entirely unexpected situations, such as car accidents or serious medical issues. Either of these can bring with them expensive...more
For senior homeowners there is an important financial vehicle available to them that they should take the time to research and understand. This vehicle is the reverse mortgage loan, which allows seniors to take advantage of the equity they have built...more
Getting a personal loan is very important if you need money fast to solve basic needs that arises every single day in our life pursuits. Turning to credit cards or our savings account in order for us to get the cash we need may not be...more
Sudden demand of extra cash can leave you stressful and anxious. When your payday is exhausted and you are looking for some additional funds to overcome it, you can apply with payday loans no faxing to get better financial aid....more
We speak to bankers, both Islamic and conventional, and laymen, both sincere and cynical, and compile twenty-one of the most commonly asked questions about riba and mortgages:1. In an Islamic home financing, the rent follows the rate of interest and...more