It’s over a year now since the sub-prime mortgage crisis started to take effect on the international economy. As uncertainty began to spread with regard to returns on loans and mortgages, lenders were forced to tighten their lending criteria – which led to the current situation in which mortgages are in (relatively) short supply and [...]
Read More...Every time you apply for credit, whether it’s opening a new phone line or applying for a home mortgage, creditors look at your credit report before offering a home loan. They check your credit score, your history of making payments and your current debt load. They do this not only to assess whether they want [...]
Read More...Finding the right mortgage to suit your budget and needs can be one of the most important decisions you will have to make in your life and should be something you understand completely. This guide will teach you, step by step, all the intricacies of the business. Here are some guidelines for the beginners who [...]
Read More...At first it might sound like a really good deal, a way to pay off your mortgage in advance, while at the same time reducing the amount that you have to pay at any single point. Bi-weekly mortgage companies are growing in popularity due to their convenience and the savings that they seem to offer [...]
Read More...Everyone likes the option of an open mortgage, but is it really a good idea? The answer is yes, but only for the first year. An open mortgage will allow you to pay down the full balance on your mortgage with no penalty. This kind of loan is usually offered only with a variable rate [...]
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