Amortization Periods: Short or Long Term Mortgage?
Amortization periods have a profound effect on your mortgage repayment figures. Here we discuss the difference between a short and…
Mortgage Escrow: Mortgage Impound and Escrow Accounts
Mortgage escrow / impound accounts are a means of paying future large payments in advance, with smaller monthly payments. Mortgage…
Balloon Mortgages – What is a Balloon Loan?
Balloon mortgages involve the payment of a lump sum to clear the outstanding mortgage loan after a specific period of…
Cash or Mortgage: Is a Mortgage Better than Buying Outright
Cash or mortgage: which is best? Is a mortgage better than buying your home outright? On the face of it…
Mortgage Down Payment: Importance of a Deposit on a Home
If you are only able to make a small mortgage down payment on the home you wish to buy, then…
Home Purchase Basics: Down Payments and Closing Costs
When you make a down payment on a home it has a significant effect on most aspects of home purchase.…
What is APR: Annual Percentage Rate and How to Use It
What is APR? It stands for Annual Percentage Rate, but what does that mean? You will see the term on…
Bridge Loans: The Need for Bridging Loan Finance
People tend to consider bridge loans when they realize they should have arranged one! Bridging loan finance is often the…
Your Credit Report: Are Your Credit Records Accurate?
Like it or not, your credit report will be examined each time you apply for credit of any kind. This…
FHA Streamlined 203(k) Loan: Loan For Moderate Rehab
The FHA streamlined 203(k) loan is different from the standard FHA 203(k) loan for distressed homes in that it is…