| |
| |
|
Mortgage & Refinancing Information |
|
Unlock your Home Loan Piggy Bank
With the recent sharp increase in property values your current home could be a pot of gold. Property prices have increase about 20% - 30% over the past year but according to economists this current boom will not continue or much longer despite recent changes in property taxes announced in the budget speech. Home Loan investments You could get a health profit by selling your home at this time while the property market is hot, but remember you'll need to spend about the same for a home of similar size and in a similar location. There is another way to access that pot of gold your house currently sits on. You can unlock the value of your property by staying right where you are. You, as a property owner, can have your property revalued and apply for a further advance on your home loan of up to 100 percent of the new value of the property. Advancements on your Home Loan So for example, your home was initially valued at R250 000 and your home loan at the time was R250 000 and your property has since be revalued to be worth R500 000 - you will be entitled an extra R250 000 on your home loan. It doesn't matter whether you want to use the equity in your home to make an investment or to splurge on consumer goods - banks generally lend subject to the normal credit criteria: whether you can afford the monthly repayments. Click here for more SA Home Loan information
MORE RESOURCES: Unable to open RSS Feed $XMLfilename with error HTTP ERROR: 404, exiting |
|
|
|
RELATED ARTICLES
UK Mortages: A Guide Through The Maze Types of UK MortgagesYou may be wasting your money with the wrong type of mortgage. Knowledge is power. Adjustable Rate Basics An adjustable rate loan, most simply stated, means that your interest rate can be adjusted up or down over the months and years. By adjusting the interest rate your monthly payments might also change. Where To Find The Best Rates For Your Mortgage? As with all of my articles this will be based on a scenario in my home town. (Which may be similar to yours). Follow A Few Simple Steps To Make Shopping For Your New Home Loan A Little Easier It is likely to be one of the largest purchases of your life, and it can be extremely nerve racking and overwhelming. Buying a new home! Whether you are buying your first home, or moving to a new home; purchasing a home and shopping for home loans is a major decision that requires a lot of time and energy. Imagine Cutting Over $8,000 Off Your Mortgage This Year I once helped a customer cut over $700 off his monthly mortgage payment. That's right, over $8,000 each year and over $40,000 in just five years. Why Choose a Remortgage? A remortgage can be used for the purpose of gaining lower interest rates on your mortgage or raising finance through releasing equity.The term "Remortgage" is used to explain the process of moving your mortgage to a new lender. Mortgage Reduction Solutions USA ECONOMIC CONDITIONSToday's sluggish economy has left millions of people struggling to financially make ends meet. Lou Dobb's coined phrase "Assault on the Middle Class" continues. Some of the Available Loan Types There are many mortgage products available on the market today. We can help you find out which one is right for you. Helpful Mortgage Advice Mortgage advice overwhelming you? Many people get advice from everyone on the planet when they talk about purchasing a home. People tell them their version of advice on most important factors and expect the potential home buyer to do as they have instructed. Is It Time To Buy A House? At some point as you're writing out your rent check, you get to the point where you look at the amount and think to yourself - at this rate, I could BUY a house. If you're fed up with paying rent every month that's high enough to finance a mortgage, it may be time to take a serious look at what it would take for you to get a mortgage loan and buy a home of your own. How to Find a Good Online Homeowner Loan A quickly growing trend in lending is the online homeowner loan. This loan uses the equity that you have in your home to secure the loan amount, and features both a convenient way to apply and check on your loan as well as faster decision times and lower interest rates than many loans offered by more "traditional" lenders such as banks and finance companies. Mortgage Advice In the US today more households have mortgages than ever before. In fact the chance of you having or knowing someone who is paying off their mortgage is greater than 50%. Home Equity - Is it Time to Cash Out and Move? During the last five years, home prices have increased nationwide. In some parts of the country, notably California, home prices have doubled or even tripled. Buying a Home? Dont Get Saddled with Two Mortgage Payments I have a lot of friends and family who are currently buying houses. Many of them have had a problem with timing. Choosing The Right Mortgage For You This article will help you understand the differences between a variety of mortgage options. There are many different mortgage products offered by the various lending institutions in Canada, so you may not know what features to look for. Option ARM Mortgage Loan - Is This Really for You? What happened to the days of a 15 or 30 year fixed rate mortgage loan? Ultimately this is the safest and most popular mortgage loan product in our industry, but new mortgage products are hitting the market, and we in the mortgage business are using them to our advantage; ever heard the radio advertisement saying, "buy a $200K home for $643.28 per month; call XYZ Mortgage Company to apply"? The product used in this ad is called an Option ARM, and I feel it's my duty as a mortgage professional to tell you what this product is in case you happen to meet up with that loan officer whose only concern is to make a fee, and not have your best interest in mind. Mortgage - What, Why, When, and How? What is a mortgage? Here's what The New Merriam - Webster Dictionary definition is: "atransfer of rights to a piece of property usu. as security for the payment of aloan or debt that becomes void when the debt is paid. Mortgage Prepayment Penalties - Just Say No One of the most common terms found in a new home loan is a prepayment penalty. This type of penalty says that if the borrower pays off the loan early, commonly during the first five years of the loan, then the borrower will be responsible for paying an additional amount of money, typically about six months interest on 80% of the mortgage balance. Buying a Home After a Foreclosure Buying a home after a foreclosure is not an impossible task. With some careful planning and some savvy shopping, you can secure a mortgage loan even with a foreclosure in your credit history. Home Loans and Mortgages - Beware of Deed Theft Scam The average home in the United States has a value of $206,000, a record amount. Real estate prices have been rising throughout the country during the last five years, and homeowners have seen the value of their property skyrocket.
|
| home | site map | contact us |