Before I go further, let me ask a question- if you won the lottery tomorrow, would you take the payout in a lump sum or in
monthly payments? Most people would take a lump sum because even though it might be less than the total prize, they would have
control over a large sum of money now and could let the time value of money go to work and increase their winnings. So why then
would you opt to get paid on your business sale over several years rather than take a lump sum payout? The answer is probably
because you didn't know that you could get cash for your business note.
You may have heard people, especially mortgage lenders, extolling the virtues of biweekly payments, saying that you can save
thousands of dollars and take 5-7 years off your mortgage--and then offering to set up a biweekly plan for you for as little as
$400. But you don't have to spend $400 to begin saving money and time on your mortgage.
With mortgage rates continuing on a downward trend, the competition in the business is fierce. A day never passes that I
don't hear some crazy advertisement about a new loan program that XYZ mortgage company has and no one else offers.
When you go to the bank to get a mortgage, you'll inevitably be asked to take out mortgage insurance. The idea behind mortgage
insurance is simply that if something happens to you or your spouse then your loan will be paid off which is good news for your family and the bank.
I read a press release the other day which points to the fact we need to be very careful with our finances. The subject of the release was home mortgages.
When you begin your search for a new home loan, one of the first things to consider is where you'll get the money. Your basic choices will be mortgage brokers and banks.
Presently council tenants are able to purchase their rented property after 2 years of tenancy. However, this is about to change.
In many ways a commercial mortgage is just like a residential mortgage in that you pledge real property as collateral against a
loan to either buy or refinance that property. You can also receive a commercial re-mortgage and use it as a line of credit for any business purpose.
Bridging finance, also referred to as "bridge loans" and "bridging loans", have nothing at all to do with re-constructing
the London Bridge. Bridging finance is typically a short-term loan that a business uses to supply cash for a real estate transaction until permanent financing can be arranged.
Home equity loan information can sometimes be confusing and misleading. I have written this article to properly explain home equity loans.
There are at least two types of home equity loans. The first is a term or closed end loan and the second is basically a line of credit.
Using a home equity loan really depends on what your needs, wants and desires are that prompt you to take the home equity loan in
the first place. The most common reason people obtain the loan is for debt consolidation however other uses include home
improvements, educational expenses, unexpected family emergencies, medical expenses and in some cases for big ticket purchases.
This is an excellent loan for those that are lacking the down payment required for other types of mortgages. The 80 20 mortgage is simply two loans for 100% of the purchase price.
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.
Tuition costs are climbing, housing costs are climbing, it seems like all the costs for students are climbing these days. Students
can afford cost increases less than any other demographic in Canada.
More Articles from the
Mortgage & Refinancing
MORTGAGE-REFINANCING NEWS updated
Fri. May / 24 / 2019
Refinance rates fall for Wednesday Bankrate.com
Several closely watched refinance rates decreased today. Average rates nationwide for 30-year fixed and 15-year fixed refinances both ticked downward.
Mortgage rates move higher for Tuesday Bankrate.com
Multiple closely watched mortgage rates rose today. The average for a 30-year fixed-rate mortgage were higher, but the average rate on a 15-year fixed receded ...
Refinance mortgage rate drops for Friday Bankrate.com
Refinance rates were mixed, but one key rate ticked downward. If you're shopping for a refi, see how your future mortgage payments could be affected.
Mortgage rates decline for Tuesday Bankrate.com
Several benchmark mortgage rates slid lower today. If you're shopping for a home loan, see how your future mortgage payments could be affected.
Refinance rates decline for Tuesday Bankrate.com
Several closely watched refinance rates trended down today. See what that means for you if you're in the market for a mortgage.
Mortgage Rates Bounce Back Mortgage News Daily
Mortgage rates had a fairly decent day yesterday as far as most lenders are concerned. A few lenders saw fit to bump rates up in the afternoon following a day of ...
Mortgage rates decline for Thursday Bankrate.com
Several closely watched mortgage rates decreased today. If you're in the market for a mortgage, see how your payments might be affected.
Mortgage rates move down for Tuesday Bankrate.com
Several key mortgage rates trended down today. The average rates on 30-year fixed and 15-year fixed mortgages both ticked downwards. The average rate on ...
Mortgage rates climb for Monday Bankrate.com
Several benchmark mortgage rates notched higher today. If you haven't locked yet, see how your future mortgage payments could be affected.
Is a No Closing Cost Mortgage Right for You? U.S News & World Report Money
A no-closing-cost mortgage conserves cash upfront when borrowers buy or refinance a home, but you will pay more interest over the life of the loan.
How to Refinance a Small Business Loan U.S News & World Report Money
Refinancing a small business loan, compared with a mortgage, has a few more steps and may require as much documentation as your initial business loan.
Mortgage rates decline for Wednesday Bankrate.com
Multiple key mortgage rates were down today. The average rates on 30-year fixed and 15-year fixed mortgages both ticked downwards. On the ...
Refinance rates rise for Friday Bankrate.com
Multiple closely watched refinance rates notched higher today. See what that means for you if you're in the market for a home loan.
Should You Refinance Your Mortgage? Forbes
Evidently many mortgage borrowers fail to understand that mortgage refinances have a variety of possible purposes, and their success depends on a variety of ...