Posted by Batool Shamim on October 19, 2011 ·
There are various types of loans whose rates can change daily, so before signing and committing to an agreement, the consumer must check out the terms. If somebody is applying for an interest only mortgage, it means that the individual is taking risks because there is no fixed rate on which one may depend. Important thing is to know the risks and get prepared for the best and worst.
Posted by Batool Shamim on October 18, 2011 ·
One can easily determine the interest rates directly from a borrower’s credit score. It is highly recommended that a borrower should get credit reports from all three nationally recognized credit reporting agencies before they go for shopping around for dream house mortgages. If credit score is higher, the lower the interest rate will be. A borrower can think to consider paying off some of their debts before applying for any kind of loan, if a borrower finds out that their credit score is too low.
Posted by Batool Shamim on September 2, 2011 ·
Interest only home loan is a best loan for home buyers or investors who are regular employee. This is long term financial agreement and in the first five to ten years a consumer has only to pay interest money on monthly basis at very low rate so a person can save money and use it for other purposes.
Posted by Batool Shamim on September 1, 2011 ·
Interest only mortgage for homes is a good option for those people who are planning to buy a home but don’t have enough money to buy it .As for first ten to fifteen years a borrower only pays interest money interest only home mortgage is a good option because a person can save enough money to pay big installments in future.
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 July 14, 2011 ·
The borrowers must always make sure to check and efficiently assess their own abilities. T exception lays estate investors who aim to make use of the lender capital so that he could take advantage of the local spikes. Overall, efficient assessment must be carried out by the investor with the use of a financial plan rather than their home loans.
Posted by taimoor on February 19, 2011 ·
Debt is a liability of person who borrows. Then one who takes is known as debtor and the one who gives is known as creditor. Different personalities has their own views about it and they are in the form of quotes.
Posted by Batool Shamim on January 15, 2011 ·
The foremost thing that you can do to avoid this payback mess is, don’t apply for a loan in case of financial need. Think of some other alternatives. Apply for the loan in case if you find nothing else. Then follow some tips to get rid of it as soon as possible.
Posted by Batool Shamim on June 1, 2010 ·
Opening a new credit card apparently seems to be a smart idea, especially when mounting credit card debt are in front. Anyhow in one condition, it makes sense and saves you a lot of money. This particular exception is a credit card balance transfer and it’s available to anyone with a mailbox and social security number.
Posted by Batool Shamim on April 8, 2010 ·
ARM loans are the loans that facilitates you with the choice of amount of payment for the loan. Initially it looks bit attractive to you, but ultimately they can be very costly and unmanageable for you.ARM stands for Adjustable Rate Mortgage.Its your decision to pick payment you are willing to.there are very huge risks involved in it.So it can be a nightmare for you.
