Can you save money by re-mortgaging your West Auckland home? Many homeowners could benefit from re-mortgaging their home loan and save themselves hundreds or even thousands of pounds each year. There can be for many reasons for this. For example: Are you struggling with your mortgage payments? Are you paying more than you need to pay for your mortgage? Is yours an older mortgage which may be on an uncompetitive interest rate? If you answered "yes" to any of these questions, then be Continue Reading ...
Second Mortgages and Secured loans
Second mortgages in Secured Home Loans in West Auckland In the last five years, banks and other mortgage lenders have seen a huge increase in the demand for a second home loan, as borrowers are attempting to benefit from the value in their personal homes. The reduction of costs combined with the spiraling value of the properties in West Auckland, has raised the value of numerous properties. For many people, especially those who have lived in their home for a few years, they now have additional Continue Reading ...
First time buyer mortgage
First-time buyers mortgages in West Auckland Introduction: One of the best investments people can make is through owning property and the most common way to achieve this is to buy a house that they will live in. Since few people have the entire purchase price available as cash, they get a loan called a mortgage secured on that house. However, in today's property market with rising house prices, it is difficult for young couples to come up with even the 10 or 20 per cent deposit that they Continue Reading ...
Offset mortgage
What is an off-set mortgage? Many people do not know the concept of an offset mortgage. In simple terms the interest from a savings or cheque account is used to offset the interest being paid on your mortgage. Usually, this occurs when the mortgage and the savings account are with the same financial institution making it possible to link the two accounts into one. Each month, the amount you have in your savings account is to reduce or offset your mortgage amount. You are then charged interest Continue Reading ...
Bad credit mortgage
Is A Bad Credit Mortgage Right For You? If you have a bad credit rating, trying to get a normal mortgage can certainly be very frustrating. Most banks, building societies and other home loan lenders will generally not offer you a loan. This can be very dis-heartening and unfair. You may have had a difficulty at one stage through no direct fault of your own yet you may still be being punished for this by the various financial institutions, So is there a way for you to still own your own home Continue Reading ...
Floating rate mortgage
Strategy for Floating Rate Mortgages For many years the only type of home loan available was a floating rate mortgage. It was easy to understand and simple to implement for the lender. However it was not so easy for the borrower. The reason is that home buyer did not know how much they were going to have to pay each month. If interest rates rose, then their monthly repayments went up too. The reverse was true too in that if rates went down then monthly repayments decreased too. However, the Continue Reading ...
Fixed rate mortgages
Fixed Rate Mortgages - The Benefits This article discusses how a fixed rate mortgage can assist you in planning your finance over the next few years. A fixed rate mortgage can help you to get rid of financial worries associates with mortgage payments as the payment you make is fixed over a number of years As the interest rate that you are charged for a mortgage remains the same for a fixed amount of time. Thus, your budgeting becomes very easy since you can easily plan by knowing exactly Continue Reading ...
Interest only mortgages
Interest-Only Mortgages, Are The Right For You? A lot of people are puzzled by interest-only mortgages. No wonder. This type of mortgage seems like a good deal because you have lower monthly repayments to make. This is because you are not making payments off the loan itself, also known as the capital or principle. But therein lies the potential problem for many people. With a floating rate loan, you are paying off a portion of the mortgage with each payment. In the beginning, most of your Continue Reading ...