With all the foreclosures on the market today, many homeowners have been looking for help with their mortgage loans without much help over the last few months. The Obama administration has released a $75 billion plan to refinance and modify loans for those that need the help to stay in their homes. This does not mean that every American can ask for help and receive it, there are strict guidelines, but it should stop the downhill slide of more...more
The best mortgage available in todays Australian home-buying market depends upon a potential borrowers personal financial situation. There are, literally, hundreds of mortgage products on the market and a smart consumer will seek out the best mortgage advice from a trained home loan consultant.Do a Little Homework FirstBefore you do find a home loan consultant, do a little homework using a mortgage calculator to determine how much money you may...more
The best mortgage suiting your personal needs will have features that make the deal an attractive one. There are several separate features available if looking to reduce loan interest or seeking a discounted interest rate. You may look for a loan to combine all your accounts into one or seek making additional repayments to clear your home loan quickly. You can also link a savings account to your best mortgage choice.Offset Account Perhaps the best mortgage advice is to set up an offset account to accompany your home loan. Although no interest is ever paid on the offset account, its balance is deducted from the total loan amount therefore reducing the amount of interest that you have to pay on the loan. There are several advantages to this including:A savings account would have taxable interest. But, an offset account balance is used to reduce loan interest so no tax is payable. In fact, your tax bill is effectively reducedThe rate of interest applied to the offset account is the same as the loan account. This is, obviously, a much higher rate than you would get on a normal savings account. You may, however, find higher monthly fees associated with an offset account and required to...more
Unfortunately for many mortgage seekers, they really do not understand how to use a mortgage broker to their best advantage. Many who are new to the lending and borrowing process believe it is not necessary to use a mortgage broker. They think it is one of those suspicious type occupations with activities that easily can be performed by a...more
The simple answer is neither yes or no but maybe!Perhaps you might be capable of doing the necessary loan searches if you have the same qualities and qualifications a professional mortgage broker possesses.Go On Your OwnThere are quite a few professional occupations that many of the uninitiated firmly believe can be personally done with a little...more
Many people who are looking for a mortgage loan may think that they can only get it at an official Canadian bank. The truth is, there are only 5 major banks in Canada while there are over 70 lenders that can provide you with many choices.The banks want to keep this a secret. As a matter of fact, the mortgage rates that lenders offer are far more competitive than those at most major banks such as BMO, CIBC, RBC, TD and Scotia. While consumers do not enjoy the lenders mortgage rates, the certified mortgage brokers do.With just one touch of a button, the Canadian brokers have access to lenders themselves or the sources, allowing them the opportunity to research mortgage rates and services and products.For a person who wants to have the best mortgage rate doing the research himself would take more than a year to visit all 70 lenders. On the other hand, a mortgage broker can do the task in just a few hours, because they have online access to such information, hence; they can save you time, money and effort.The banks may only offer between 5 and 6 different products and rates including New to Canada, Fix rates, Closed Mortgages, Open mortgages, No Income Mortgages and Variable Rate...more
Author: Bharat Book BureauWealth Management in Australia 2009 Selected Insights (Executive Presentation) The 2009 Wealth Market Leaders Survey was completed in March 2009 and provides invaluable insights into the Australian wealth management...more
Author: MPetroneMillions of homeowners are eligible to get a mortgage refinancing through use of President Obamas stimulus plan. This plan enables millions of people to get interest rates lowered to as low as 2%, and other huge mortgage refinancing...more
Author: MPetroneHomeowners who need to lower their monthly payments, save money, or prevent foreclosure should refinance a mortgage with President Obamas stimulus plan. This stimulus plan provides new mortgage refinancing options for millions of...more
A mortgage is generally defined as a loan used to finance the purchase of real estate or a home. These loans come in different types, rates and terms. The specifications of these loans are important, for they along with the initial down payment...more
Are you looking for mortgage modification help? I modified my mortgage and it was pretty simple to do. When it was all said and done with, the process took about three months. If you are struggling with your monthly mortgage payment then you must...more
People of the world at present can define what is recession and what is inflation. We all want to survive or recover. We do not want to have another great depression. As described in Wikipedia, the great depression was a worldwide economic downturn...more