How to structure a loan or mortgage – The importance of a low interest rate.
Learn how to structure a mortgage loan to your benefit & avoid paying (more…)
Archive for the ‘Articles’ Category
Working Out costs of a Fixed Interest Loan
June 6th, 2010 by admin
Part 1: Working out the cost of interest in a fixed interest loan.
This is also a great way to learn the cost of interest. You need to know four things first. The initial balance, (more…)
Personal Loan Tips – Colateral Interest
May 31st, 2010 by admin
Personal Loan Tips: - Learn which factors attract higher interest rates.
When it comes to personal loans, almost anyone can get one.
The only question comes down to how much of a risk the prospective finance company see you (the borrower) as. The higher the risk, the higher the interest they usually want. (more…)
Credit & Mortgage Crunch in the US. Can NZ learn from it?
May 29th, 2010 by admin
There’s that buzz-word again, “Credit Crunch”. The financial situation in America worsens, with higher unemployment figures, unpaid mortgages, and unpaid sub-prime mortgages still affecting the banking industry.
In February This Year, New York Federal Reserve Bank announced that expanded data (more…)
Processes & Considerations When in Mortgage Arrears
May 28th, 2010 by admin
When a borrower is unable to pay a mortgage but the problem is only temporary, the lender has an interest in helping the borrower get through the tough patch.
The bank/lender or even the mortgagee may propose a “forbearance agreement” and repayment plan. (more…)
Easy Mortgages Don’t Add Up To A Free Lunch
May 28th, 2010 by admin
In the US, in 2004, the national median for a home was US$183,800. Due to the explosion of financing options, it became increasingly possible to find mortgages for as much as 97% of a home’s value.
In other words, you could put down as little as $5,514 for a home that costs $183,800. (more…)
