Mortgages





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Mortgages

Mortgage - Mortgage Refinance - Mortgage Loans - Adjustable Mortgage

Mortgage Rates - Bad Credit - Mortgage Protection - Interest Only






Understanding Interest Only Mortgages

There are currently around 6 million homeowners who have an interest only mortgage. This type of mortgage means that the monthly repayments that you make are just taken off the amount of interest that the mortgage accumulates. The capitol which you borrowed must be paid back when the mortgage has run its terms. The interest only mortgage seems to be very popular with those who are house buying for the first time. Recent research showed that the amount of first time buyers taking out an intere........ Read More

Interested In An Interest Only Loan

You have finally found the property of your dreams. The contract has been signed and you are now in the process of finding exactly how you will be living and paying off the property for the next few years. Your lender may have already contacted you and given you the options. When the question comes up of what kind of loan you want, be prepared for the answer that will benefit you the most. One of the major types of loans that you may be offered is an interest only loan. This loan is g........ Read More

Mortgages. The Pitfall Of Interest Only Mortgages.

In the first three months of 2002, just 9% of all new mortgages were taken as interest only - but by the last quarter of 2005, the figure had risen to 23%. And amongst first time buyers, the figures rose from 6% to 15%. (Source: Council of Mortgage Lenders.) The reason is obvious. It's down to family economics. With an interest only mortgage, the monthly repayments only repay the ongoing interest so your monthly repayment is low. Repayment of the capital borrowed is delayed to the end of the mo........ Read More

Interest Only Mortgage Is It For Me ?

Interest Only Mortgages is a risky product and does have its disadvantages. Interest Only mortgages are tricky, because they can be misleading as the payment is very small for the first 1,2,5,7 or even 10 years. Note that for the Interest Only Mortgage you will have a balloon payment for the entire principal balance at the end of the loan term. Interest only mortgages might be beneficial for people in markets where houses appreciate rapidly and the plan is to remain in the house for only........ Read More

Interest Only Refinance Options

Are you one of the many home owners that opted for an adjustable rate mortgage over the last five years? Have you seen your interest rate and your payment increase? Florida mortgage expert Jim Kemish discusses the current market environment and a new option for an affordable refinance. Adjustable Rate Mortgage Popularity Over the last five years almost forty percent of all home buyers selected adjustable rate mortgages. In early 2004 signs of inflation begin to appear. These indications pr........ Read More

Mortgage Loan Basics: Interest Only Loans, Pay Option Arm

To understand loans and mortgages we need to understand loan limits first. If your loan amount exceeds the amount below, you will qualify for a Jumbo Loan, which carries higher interest rate. One-Family (single family homes) $417,000 Two-Family(duplex) $533,850 Three-Family (triplex) $645,300 Four-Family(fourplex) $801,950 FIXED Loans: 30 Year Fixed Mortgage Rates This loan program is fixed for 30 years. Your interest rate will not change for 30 years. This is ideal for people w........ Read More

Is An Interest Only Mortgage A Good Idea?

If you are looking for a home but you know that paying a mortgage will be a severe drain on your finances, then perhaps you should look at getting an interest only mortgage. If you are unsure about what an interest only mortgage is and how it can help you, then this article can provide you with some useful tips on getting an interest only mortgage. What is an interest only mortgage? An interest only mortgage is a mortgage where you only pay back the interest on the loan, and none of the capita........ Read More

What Is An Interest-only Mortgage? Is It Right For Me?

Consumers are generally categorized into three classes: 1. Those who shudder at the very thought of paying interest. 2. Those who are willing to pay interest in order to have more purchasing power based on their current income level. 3. Those who view interest as a cost of doing business and use it to their advantage. Yes, paying interest does bring some financial advantage! There are many common misperceptions about interest only loans. The first one many people have is: “All I wi........ Read More

Regulations Tighten On Interest Only Mortgages

More than 25% of homeowners are paying for their homes with an interest-only mortgage say the Abbey. The reason is obvious – their monthly payments are much less. For example, a £125,000 interest only mortgage at an interest rate of 5% and repayable in 25 years time, costs £525 per month - but on a repayment basis the monthly cost rises by £210 to £735 per month. Understandably, this level of cash saving has proved highly popular with first time buyers struggling to get the feet on the p........ Read More

Re-financing With An Interest Only Mortgage

Interest only mortgages are a relatively new phenomenon in the re-financing industry as well as the home buying industry. While the appeal of an interest only mortgage is typically a greater monthly cash flow, this increased cash flow can come with a hefty price tag. In exchange for more cash flow each month, the homeowner may be sacrificing the ability to obtain a fixed rate mortgage as well as the ability to build equity. This article will further examine these features to provide the reader........ Read More

Interest-only Loans Can Buy More House And More Trouble

They're spreading like wildfire--interest-only mortgages appear to be the panacea for rising home prices and the incomes that can’t quite catch up. You can buy "more house" and have a low mortgage payment and a big tax deduction. Who wouldn’t want one, right? Well, a large number of consumers are getting into these loans when they shouldn’t. Interest-only mortgages work well for some individuals and are dangerous for most others, yet the number of interest-only loans is rising rapidly. ........ Read More

The Principal Facts Of An Interest-only Mortgage

You are buying the house of your dreams with an interest-only mortgage. You'll get a low mortgage payment, and you'll maximize your tax deduction, all on your current income! Everything seems to be going good. But have you really understood the concept of interest-only mortgage and how it functions. So What Is An Interest-Only Mortgage? Well it may break your bubble but there is no such thing as an interest-only mortgage - because eventually you'll have to pay the loan principal as well. In o........ Read More

Tips Regarding Interest Only Loans

What are interest-only loans? How are they structured and who are they right for? How do you avoid common mistakes people make when choosing interest-only loans? Loans with the option of paying only the interest every month are called interest-only loans. These loans allow you to pay on the principal balance only when you want to or when it is convenient for you. Most interest-only (IO) loans carry this option to pay the interest only for a limited amount of time, usually from 5 to 10 years. T........ Read More

Is An Interest-only Mortgage For You?

Many people get confused when it comes to interest only mortgages. It’s no wonder. There is actually no such thing as a mortgage which you only pay the interest on. With an interest only mortgage, you still have to pay down the principal on the loan. What you actually get is an interest only payment method which lasts for a set period and then you revert to a more traditional type of mortgage. As you probably know, your mortgage payment mostly goes to pay off the interest; typically 95% of ........ Read More

Interest Only Mortgage Can It Save Me Money ?

Interest Only Mortgages is a risky product and does have its disadvantages it a tricky form of mortgage because it can be misleading as the payment is very small for the first 1,2,5,7 or even 10 years. The Interest Only Mortgage will have a balloon payment for the entire principal balance at the end of the loan term. Interest only mortgages might be beneficial for people in markets where houses appreciate rapidly and the plan is to remain in the house for only a couple of years. Interest only m........ Read More


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Mortgages Articles

Mortgage Mortgage Refinance Mortgage Loans Adjustable Mortgage
Mortgage Rates Bad Credit Mortgage Protection Interest Only
Mortgage Type Mortgage Broker Mortgage Insurance Mortgage Advice
Mortgage Scams Flexible Mortgage Mortgage Crisis Fixed Rate

Mortgages Books

Mortgage Mortgage Refinance Mortgage Loans Adjustable Mortgage
Mortgage Rates Bad Credit Mortgage Protection Interest Only
Mortgage Type Mortgage Broker Mortgage Insurance Mortgage Advice
Mortgage Scams Flexible Mortgage Mortgage Crisis Fixed Rate

Mortgages





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