Mortgage & Refinancing InformationWhat is a Flexible Mortgage?'Flexible mortgage' is a term that's used a lot, but what exactly does it mean? A flexible mortgage allows the borrower to make extra repayments when they have the extra money and even reduce or skip payments should the need arise. A flexible mortgage allows you to make extra payments to reduce the amount outstanding on your mortgage thereby reducing the interest you're paying or pay off your mortgage earlier than planned. Flexible Mortgage GuideHere is a useful flexible mortgage guide. Flexible mortgages are loans which allow you to increase or decrease the size of your repayments within certain limits. Guide to Flexible MortgagesOutlined below is a useful guide to flexible mortgages. Flexible mortgages are also known as Australian Mortgages because they usually feature something which is common in Australia - interest recalculation on a daily basis. 5 Ways to Use Your Home Equity Line of CreditYour home is a source of pride and accomplishment. Did you know that your home can also be an affordable source of income? As your home appreciates and you make your monthly mortgage payments you build what's called equity. Flexible Mortgage TipsOutlined below are some useful flexible mortgage tips. The most prominent addition in recent years to the mortgage industry has been the flexible mortgage. What is an Offset Mortgage?An offset mortgage is very similar to a current account mortgage - but instead of having everything all in one account, all accounts are held separately. The offset mortgage concept treats your money as one giant pot, with each element (mortgage, savings, current account etc) separate to the rest. What Exactly Is A Reverse Mortgage And How Does It Work?A reverse mortgage is a certain loan that allows the older generation to take their home equity and turn it into cash. With this type of loan the bank is actually paying you monthly out of the equity in your home. Escrow Accounts, Do You Absolutely Need One?With escrow accounts the money for your home insurance and property tax is added to your monthly mortgage payment and is paid out each year. With that said, you may think that having an escrow account takes the responsibility off your shoulders because the bank will make the payment for you each year from your escrow savings account. What is a Current Account Mortgage?Current account mortgages are fairly new to the sector. They are quite different to other types of mortgage as they enable you to set off all your savings and debts in one single account. Advantages and Disadvantages Of A Reverse MortgageBetty and John, are in their mid-seventies and are currently weighing the advantages and disadvantages of a reverse mortgage as a way of freeing up some cash. The couple purchased their home 45 years ago for about $14,000 since then home values have skyrocketed and recent single family homes in their neighborhood have been selling for a minimum of $160,000. Mortgage Loans Explained In Plain EnglishWith the many different kinds of mortgage loans out there, choosing the right one for your needs can be a difficult task. The following points will help you understand the pros and cons of the different types of mortgage loans available to you. Repayment of Loans - Lessening the Bitterness of the ProcessSo how have you planned the repayment? Don't tell if you haven't started the plannings yet. It is high time the plannings and the decisions be made regarding the repayment of the loan. Types of Mortgage Interest RateHere is a useful guide to the different types of Mortgage Interest Rates that are available. Mortgage Lenders offer all kinds of different deals when it comes to the interest you pay on your mortgage. What is a Repayment Mortgage?A repayment mortgage is the type of mortgage that most people think about. The idea behind a repayment mortgage is that you pay monthly for a set period and each payment consists of an element of capital and interest. Thought You Can Go All Alone In Mortgages! Mortgage Advice Beneficial In All Important DecisionsMortgages are easy as long as you understand them well. But how many borrowers can be confident of their knowledge of mortgages. More Articles from Mortgage & Refinancing
Information: MORE RESOURCES updated Sat. November / 02 / 2024 Today's Mortgage Rates, November 2, 2024 | Rates Stay High, Even With Cooler Jobs Report Business Insider Today's Refinance Rates by State – Nov. 1, 2024 Investopedia Experts say hundreds of thousands of Texas homeowners could have saved by refinancing recently WFAA.com Column | You don’t have to refinance your mortgage to cut your interest The Washington Post Best Mortgage Refinance Lenders of November 2024 Business Insider How to get the best refinance rate on your mortgage Bankrate.com Mortgage and refinance rates today, November 1, 2024: Shop for lenders in high-rate environments Yahoo Finance Today's Mortgage Rates, October 31, 2024 | Rates Rise Above 6.50%, but They Should Ease Next Year Business Insider Today's Mortgage Rates, October 28, 2024 | Where Rates Go Next Depends on the Economy Business Insider Today's Mortgage Rates, November 1, 2024 | Rates Up Ahead of Next Week's Fed Meeting Business Insider Four in Five Recent Home Buyers May Look to Refinance in GlobeNewswire Mortgage refinancing explodes by over 100% in several states – LendingTree Mortgage Professional Today's Mortgage Rates, October 30, 2024 | Rates Are Trending Up Business Insider 15 of the best mortgage refinance companies for 2021 Fox Business Watermark Mortgage Review U.S News & World Report Money Today’s Mortgage Rates Increase: November 1, 2024 Norada Real Estate Investments Mortgage Refinance Rates Drop Again Investopedia Mortgage Refinance Rates Dip for Most Loan Types Investopedia Today's Mortgage Rates, October 27, 2024 | How This Week's Jobs Report Could Impact Rates Business Insider The basics of no-closing cost mortgage refinancing Fox Business Should You Refinance Your Mortgage After the Fed’s Interest Rate Cut? The New York Times MBA: Mortgage Applications Decreased in Weekly Survey Calculated Risk Prediction: Here's When to Start Your Mortgage Refinance Process The Motley Fool Mortgage Refinance Rates Are Down, But Should You Refi to a 30-, 20-, or 15-Year Mortgage? Investopedia Refinancing Alert: Take Advantage of Falling Mortgage Rates Now The Motley Fool Should You Refinance Your Mortgage In 2024? Bankrate.com Best Mortgage Refinance Lenders In 2024 Bankrate.com Today's Refinance Rates by State – Oct. 22, 2024 Investopedia Holding your breath for mortgage rates to fall? There are 3 places to earn interest on money while you wait Business Insider The Mortgage Refinance Window Finally Cracks Open Bankrate.com Interest Rate Predictions for Next 2 Years: Expert Forecast Norada Real Estate Investments 15-Year Mortgage Refinance Rates: Compare Current Rates Business Insider Refinance Rates Today: Compare Mortgage Refinance Offers Business Insider Should You Refinance Your Mortgage Now That the Fed Just Cut Rates? Kiplinger's Personal Finance 30-Year Mortgage Refinance Rates Business Insider Today's Mortgage Rates, October 25, 2024 | How Will the Election Impact Mortgage Rates? Business Insider Mortgage Rates Rise Again Due to Pre-Election Volatility Norada Real Estate Investments How To Refinance An Underwater Mortgage Bankrate.com Current Mortgage Trends: Are Mortgage Rates Going Down? Business Insider How To Tell if It’s Time to Refinance Your Mortgage Nemasket Week Refinance demand persists, despite rate uncertainty: Transunion National Mortgage News How to Decide If a Mortgage Refinance Is Right for You U.S News & World Report Money
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