Archive for the 'Mortgage' Category
Your credit score
Wednesday, November 8th, 2006The two key factors to maximising the amount you can get for a mortgage loan are the period of repayment and your credit rating. The longer the period of the loan, the lower the instalments - and hence, the higher the amount of the loan you can obtain.
Your credit rating determines the rate of interest […]
Improving your mortgage
Saturday, November 4th, 2006Contrary to what most people think, mortgage terms aren’t cast in stone; it’s possible to get a better mortgage, with a little planning and judicious activity.
You need to know which factor is the key.
Always shop around and get at least 2 or 3 estimates. Some banks, wanting to limit exposure to a particular area, may […]
Better mortgage terms
Thursday, November 2nd, 2006After running through mortgage calculators, people often find that the loan they can qualify for is a lot less than what they’d like. Nothing new there - except that it doesn’t make sense to compromise while buying a home.
So what can you do? Some people do compromise and buy smaller. Some look at property that’s […]
What can you afford?
Wednesday, November 1st, 2006Before you start looking at homes, it makes sense to check out what you are able to buy. As we’ve discussed earlier, it’s very rare for anyone to buy a home with all cash down - it’s very likely that you’ll be taking a mortgage.
To start with, check out your personal details with our mortgage […]
Does a Reverse Mortgage Make Sense for You
Friday, September 1st, 2006A reverse mortgage allows senior citizens - age 62 and up - who own their own home to extract the equity in their homes without having to sell or make monthly loan payments. Unlike a traditional mortgage where monthly payments are made to a bank or lender, in a reverse mortgage, the homeowner can withdraw their equity […]
Is the Time Right to Refinance?
Sunday, August 27th, 2006Many homeowners understand that they need to refinance, but many through mistiming refinance at the wrong time. Refinancing your home isn’t alwaya easy. Many people think just because rates rates have been low, that it’s now or never and that couldn’t be further from the truth.
In an article we published recently called Knowing When […]
Using a Home Equity Loan to Your Advantage
Monday, August 21st, 2006In a recent article we posted titled How To Use a Home Equity Loan To Increase The Value Of Your Home we explore how you can use a home equity loan to further increase the value of your home.
Millions of Americans do home improvement projects every year. They understand that just a few minor repairs […]
New Canadian Mortgage Site On The Rise
Wednesday, July 12th, 2006Many Canadians face the same trouble finding a quality mortgage loan as many Americans do. There is a sea of mortgage options available today and if you don’t do your homework you could get stuck in a mortgage that doesn’t fit your needs. We were introduced to a Canadian mortgage site that assists our neighbors to the north […]