Posted by Batool Shamim on September 8, 2011 ·
Mortgage loan for buying a home is the best way to get a dream house. Fixed mortgage loans and adjustable mortgage loans are the types of mortgage loan. One can choose any type of loan which suits him. After choosing this next crucial step is to choose a lender. One should be very careful while choosing a lender to prevent himself from fraudster.
Posted by Batool Shamim on August 14, 2011 ·
A person who is planning to buy a house but finds difficult to pay both principles and interest so for such kind of people interest only home mortgages option is open in which a consumer has only to pay interest money at very low rate during beginning years and can save money and use it for households or can invest it for better future.
Posted by Batool Shamim on March 29, 2011 ·
A Fed tax deduction yielded for interest gave on a mortgage used to purchase, construct, or repair a residence. The deduction is meant to promote tenants to become householders, under the belief that house possession promotes honorable citizenship and reduces crime.
Posted by Batool Shamim on May 19, 2010 ·
Buying a home with a bad credit has been a difficulty for long time. But now you can get a home for yourself if you don’t have a nice credit history. The condition if you had recent bankruptcy or other financial decline also doesn’t stop you from home. The only condition to buy home with bad credit is that you have to pay more than the other people who have credit history.
Posted by Batool Shamim on April 27, 2010 ·
It depends on the lender what terms and conditions he applies you when dealing with the matters of mortgage and payment of installments and interest. It is totally dependent on lender that he approves or disapproves your approval application.
Posted by Batool Shamim on April 23, 2010 ·
The increase in interest rate for the year 2010 is based on the prediction of good economical situations. Refinancing by the home owners will be another benefit that will play an important rate for the increment in the rate of interest.
Posted by Batool Shamim on April 3, 2010 ·
A home mortgage refinance loan is designed to help you in the most critical time, when you are unable to pay your home debts anymore. The home refinance loan brings in a totally new loan to repay current loan with a lower monthly installment. THis option is best when faced with the chances of bankruptcy.
Posted by R. Mak on February 21, 2010 ·
Interest only loans are an intellectual preference especially in the short term. Interest only loans are not considered to be a long-term option. Generally speaking, five to seven years is considered to be the average time spent in one home before selling or refinancing and the interest only loan only needs to cover this period.
Posted by Batool Shamim on November 20, 2009 ·
Due to the prevailing low home mortgage loan rates, refinancing has gained more popularity as mortgage interest rates continue to fall below 4.7%. Recently, the 30 year fixed mortgage interest rate fell to about 4.65%.
Posted by R. Mak on August 3, 2009 ·
Over the last few weeks we have seen quite stability in home mortgage loan rates. Basically we have seen a narrow range of 5.1% to 5.3% from the 30 year fixed mortgage rate. Yield rates, by which the mortgage rates are moved, have recently fallen, so we can expect that we are going to see lower mortgage rates. Does it mean that we will see mortgage interest rates below 5%? Surely…
