Find the Right Mortgage for You
In this current economic situation, one problem that is still ongoing is the housing foreclosure crisis. Foreclosures are increasing every month, and experts expect that more and more homeowners will...
View ArticleIs a Second Mortgage a Good Idea?
In order to determine the pros and cons of a second mortgage, let’s first explain what it is. A second mortgage on a home is basically the process of taking out a “second” loan. It does not take...
View ArticleMortgages Explained
There are several types of mortgages that are available, notwithstanding the sub-prime mortgage crisis and its effect on homeowners. 1. Fixed rate mortgage – This is a mortgage where monthly payments...
View ArticleRate Lock Basics: What Everyone Should Know
What is a rate lock? According to the Consumer’s Guide to Mortgage Lock-ins, a rate lock is a lender’s promise to hold a certain interest rate and a certain number of points for you, usually for a...
View ArticleTen Remortgaging Tips
Here are ten remortgaging tips to help you secure the best rate for your home. 1. There are many types of remortgage deals available. Speak to several lenders to find the most appropriate and low cost...
View ArticleSub-Prime Mortgages: An Explanation
A sub-prime mortgage is that which is given to homeowners who have less than a stellar credit rating. For example, someone with a FICO score of 600 or lower may be eligible for a mortgage, but the...
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