Bad Credit Mortgage Loans - Are You Killing Your Chances Of Getting Approved?
by Carrie Reeder |
When you have poor credit, your list of lenders that will approve you for a home loan can shrink down very small. You want to make sure that you are doing everything in your power to keep your credit rating as high as you can.
Many peop .. |
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Mortgage Refinancing: Shop and Do Your Homework First
by Louie Latour |
If you are in the process of refinancing your mortgage you need to do your homework to avoid overpaying for your new mortgage. Doing your homework means learning the basics of how a mortgage loan works. Here is a primer on basic mortgage termino .. |
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Is An Interest Only Mortgage Right For You?
by Felicity Walker |
When you're struggling to make your mortgage payment each month, there's no doubt that an interest only mortgage can sound very appealing. It would almost certainly make your repayment lower! But there's a lot more to think about when it .. |
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UK Mortgages -- An Overview
by Carrie Reeder |
UK mortgages are funded solely by banks, credit unions, or other financial organizations. There is no market intervention by government entities. This means that the mortgage market in the UK is very competitive. This had led to a variety of types .. |
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How Option One Mortgage Loans Work
by Carrie Reeder |
In a regular mortgage, the borrower pays a specific amount each month in order to pay the mortgage off in full by the end of the mortgage term. This is called a fully-amortized mortgage. Option one mortgage loans differ from regular mortgages in m .. |
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How Interest-Only Mortgage Loans Work
by Carrie Reeder |
In a traditional mortgage, a borrower pays a fully-amortized monthly payment. This means that they are paying the exact amount necessary in order to pay their mortgage off in full by the end of their term. Interest-only mortgage loans differ in th .. |
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What Is An Interest-Only 2nd Mortgage?
by Carrie Reeder |
Interest-only second mortgages differ from traditional second mortgages in that they do not require fully-amortized payments for the entirety of their term. Interest-only second mortgages have a certain period of time when monthly payments are bas .. |
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Variable Rate Mortgages – Setting The Standard
by Joseph Kenny |
Here’s the first mortgage term you should learn – Standard Variable Rate, or SVR. This is the interest rate you will be paying on the total amount you are borrowing. It is usually expressed as a percentage, and is different from an APR (Annual Percen .. |
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