If you are in the market for a new home, or perhaps looking to refinance, you will need to know a thing or two about what to look for in a mortgage. You have a lot of options when you select a mortgage, and there are many mortgage lenders to choose from.Deciding what type of loan you would like is the first step for you. There are many types of loans to choose from, and it is a critical step. Selecting the wrong mortgage might put you in an...more
If you are like most Australian consumers, you more than likely have succumbed to the convenience using credit cards as a funding source to get the things you want in life. It takes a great deal of discipline using credit cards on a monthly basis to make extraordinary purchases or even casual payments for a night out on the town or to buy that special pair of shoes you found while out on a normal shopping excursion. Some people, when faced with...more
Many homeowners faced with mounting debt struggling to pay an existing home loan may find relief through a mortgage refinance. There are options available to Australian homeowners that can bring needed financial relief.Convenience through Mortgage RefinanceIt may be possible to consolidate all your outstanding debts rolling them into one loan and one monthly repayment. This would more than likely result paying less than all the current monthly debt payments you are presently making. For many Australian homeowners, this is the best mortgage advice available.What is Mortgage Refinancing?Essentially, you are taking out a new mortgage on the property already owned. The new loan will pay off your existing mortgage plus other outstanding debt giving needed relief and allowing you to make on monthly repayment you can afford. There are several benefits seeking a mortgage refinance including:More favourable loan termsLower interest ratesExtended time terms for repaymentReduced monthly repaymentsEstablish an offset account for draw down fundsWhy use Mortgage Refinance for Personal Debt Consolidation?Mortgage refinance is a popular method toward meeting personal debt relief because typically...more
Author: Paul WiseWhen people speak of a no cost mortgage refinance they are referring to the closing costs. Because closing costs can be quite daunting it may be possible to refinance your home without worrying about those closing costs. The down side is that this may also increase your annual percentage rate slightly.By getting a no cost mortgage...more
In order for Canadians to continually qualify for the lowest possible Canada mortgage rates, the Canadian government had ordered the financial institutions, lenders, and banks, to slash their interest rates to a low level.At this time, the Bank of Canada has set its prime rate at 0.25 %, and it will keep the rate on until the following year. With...more
With the economic collapse of 2008 and the mounting job losses (in certain areas) many people are now finding it difficult to make the necessary payments to stay in their homes. Nothing can be more stressful than the fear of losing one's home. But before you refinance, you need to determine if the market is right for refinancing (and it is at the time of this writing) and that it's right for YOU. For instance, if you've lost your job (as many have recently) can you continue to make payments even after the refinance? Everyone wants to keep their home, but the simple fact is you may have bought more than you could afford to begin with. And with the job market being so tight in the cities with the biggest housing price drops it makes it even tougher. This is not to scare you from getting a refi. It's just to get you thinking long-term and to entertain the horrible idea that maybe it's in your interest to let the house go, along with a potential bankruptcy should you have a mountain of debts you can't repay. These are extremely tough decisions that Americans are having to make everyday now. Some people commit suicide rather than default on their home or...more
The present-day economy, not only in the United States but through all the developed countries of the world, has fallen from soaring heights, to rock bottom. A serious credit crunch is setting in. As a result, those with good credit are finding...more
Author: Sanjana AntonyAre you someone that lives in the USA and are trying to keep up with the changes to and activity that seems to be non-stop within the US Mortgage industry are not going to have that easy a time trying to keep up with the...more
Author: Sanjana AntonyWhen it comes to choosing a good US Mortgage lender when you have found that perfect property, you might be asking a few questions of each mortgage lender in order to find the one that really will work with you and also is...more
Certification in Mortgage Advice and Practice (CeMAP) is the qualification needed for a person to practice as a recognized mortgage advisor. There are different types of CeMAP courses available to suit the needs of individuals - Traditional Classroom...more
Author: Sanjana AntonyWhen you are looking around in any area of the country the one thing that you really need to pay close attention to are the current interest rates on mortgage loans in that area. This will tell you exactly how much you are going...more
Author: Gary AshtonOptimists keep claiming that things in the real estate world are looking up, but reality keeps reminding us that things are not all sunshine and roses just yet. Even with the current government incentive program for encouraging...more