Mar
24

Looking For Your First Mortgage

What should you do when you are looking for your first mortgage?

Looking for your first mortgage can seem like a daunting task but it needn’t be. There is a wealth of information available about mortgages online which can help you understand the different types of mortgages that are available, the fees and charges that can apply and how the whole mortgage application process works.

Finding out what the best deal for you is, what it will cost, how much you can afford and what happens when interest rates change is also straight forward if you use the right source of mortgage information.

This is a preview of Looking For Your First Mortgage. Read the full post (371 words, estimated 1:29 mins reading time)

Dec
31

What Is A Reverse Mortgage?

For those over the age of 62 and who own at least 75% of the equity in their home, a reverse mortgage allows them to cash out the equity through the receipt of a monthly term payment or access to a line of credit to draw upon. In other words, the lender provides cash to the homeowner on a recurring basis and the interest is simply accrued over the lifetime of the loan. The loan’s principle and interest do not need to be repaid until the home is sold or the owner has passed away.

This is a preview of What Is A Reverse Mortgage?. Read the full post (520 words, estimated 2:05 mins reading time)