Posts tagged: Lenders

The Disadvantages Of Reverse Mortgages

A reverse mortgage can be an attractive option for many home-owning seniors that are having a hard time making ends meet. With a reverse mortgage, a senior homeowner will receive money for their home equity from a lender without having to make repayments for as long as they live in their home. So with the [...]

Monday August 9th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

The Current Mortgage Rate

The Current Mortgage Rate
So you are looking to purchase a home or refinance the one you are currently living in. If this is the case, not only do you want to obtain the best mortgage rate out there, you want to obtain the current mortgage rate and not a percentage point higher.
Before you begin to [...]

Monday August 2nd, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

PMI – Private Mortgage Insurance

Many a first-time homebuyer has grumbled about paying private mortgage insurance. This article discusses the particulars of private mortgage insurance, also known as “PMI.”
Private Mortgage Insurance
Unless they owners are insane, every business in the United States carries some form of insurance to protect against losses. The various lending institutions that issue home loans, equity lines [...]

Monday March 22nd, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

Offset Mortgages. A dream for well off homeowners.

Offset mortgages represent one of the biggest mortgage innovations seen in recent years. Six years ago there was hardly an offset mortgage to be seen. Now they and the current account mortgage, to which they are closely related, account for £10 out of every £100 of new lending.
What’s more, one of the UK ’s large [...]

Monday March 1st, 2010 in , , , , , , , , , , , , , , , , , | No Comments »

Mortgages Points and Interest Rates Go Hand in Hand

Mortgages Points and Interest Rates Go Hand in Hand
When it comes to mortgages, many people tend to look at points and interest rates as to separate issues. In fact, they can almost always be used as leverage against each other.
Points and Interest Rates
Two critical components of a home loan are the interest rate [...]

Monday February 8th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »