Over the past few years, mortgage interest rates and housing prices across the world have fallen to such low levels that purchasing a home seems like a better idea now than ever before. Unfortunately, for those looking to purchase a house or condo in a major market, such as Calgary, getting a mortgage can be very difficult or too expensive. For those looking for a way to save money on their mortgage, working with a Calgary mortgage...more
Earth Sapphire Court, Greater Noida, 12% Assured Return for 51 Months Guaranteed by Bank The Sapphire Court : The Green WorkspaceThe new Office Destination A proposed green building which will change the way people work in constrained atmosphere. The Green roof improves air quality by producing oxygen and absorbing CO which constantly spreads positive energy in the entire region. Energy Smart Use of high-efficiency windows...more
This article will briefly discuss what an offset mortgage is; and how an independent mortgage advisor can help you buy the best offset mortgage.An offset mortgage links your main current account and/or savings accounts to your mortgage. Every day or month, the amount owed on your mortgage is reduced by the amount in these accounts, before the interest is calculated on the loan. When the money in your savings/current account increases, you pay less on your mortgage. If the money in your savings/current account decreases, you pay more on your mortgage.When it comes to finding the best offset mortgage, it pays to have expert advice because there is more to a mortgage deal than meets the eye. Your mortgage will probably be the largest financial commitment in your life, and it pays to take time to look at the different options available to you.There are different types of offset mortgages available on the market. You could look at 'best buy mortgage tables' to find the best offset mortgage, but that only gives you superficial information. It doesn't show you the mortgage's flexibility; i.e. the ability to underpay, take payment holidays, or overpay, or what the fees and...more
The introduction of "personal pricing" into the loan market has caused confusion for the consumer regarding exactly what rate they're likely to be quoted when it comes to a loan. Add to this the fact that if they fish around for quotations for alternative rates they'll be penalised for making too many loan applications and the state...more
Many people in the United States are having problems with their financial situation today. This is especially true if they have an outstanding mortgage. Most of these home were bought at the peak of the market. As a result, the mortgage payments are also high. Because of the current economic situation, many of these homes are going...more
An offset mortgage basically uses the interest from your savings account against the interest charged on your mortgage. Usually your mortgage lender will link your mortgage and savings account into a single account, with the same financial institution. Each month, the amount you owe on your mortgage is reduced by the amount you have in your account, before working out the interest due on the mortgage. For example, if you had an offset mortgage of £100,000 and you had savings in your offset account of £25,000 you will only pay interest on £75,000. When your savings balance goes up, you pay less on your mortgage. If you continually keep your savings balance high, this could eventually result in your mortgage being paid of early. On the other hand, if your savings go down, you pay more on your mortgage. Your mortgage lender will plan with you the minimum amount you should leave in your account each month.Offset mortgages are especially attractive for higher rate taxpayers who would otherwise be charged 40% tax on interest earnt on their savings. When the interest earnt on your savings is automatically used to offset your mortgage, you will not have to pay any tax on...more
Offset mortgages offer an attractive alternative to traditional mortgages and can save you thousands over the long term.Buying a home is an exciting time, and it is the biggest financial purchase that most people undertake. The majority...more
Confused by the massive array of loans available to you today? Feel if you wanted to that you could buy a house, a yacht or a dream holiday in a matter of minutes, but want to make the right decision by taking out the most appropriate...more
Remortgage in simple terms means the subsequent mortgage of an asset to get a further loan, or when the asset changes hands as a collateral to get a further loan it can be termed as remortgage. This mainly takes place when a borrower is...more
From my own experience as a real estate investor, I can tell you that, early in my career, I was really concerned about having the money to close deals that took a lot of time for me to put together. I tortured myself about where and...more
This seems to be topic of conversations between homeowners and prospective mortgage applicants. There are many experts giving opinions in the press and on TV. There are a few who has experienced high interest rates and worried about...more
The Outer Banks is a unique area in North Carolina, consisting of a strip of barrier islands in the Atlantic Ocean. Affectionately known as "OBX" to those who travel there, the beautiful, rugged coastline consists of over 120 miles of...more