Browsing all posts in March, 2009.

Advantages and Disadvantages of Offset Mortgage

Taking out an offset mortgage may sound very lucrative but you need to understand how it works. The interest charged on a mortgage depends on the balance that you have in your savings and current account. If your saving account reduces your mortgage interest rate will increase and vice versa. If you know that you [...]

What you need to know about Private Mortgage Insurance

Private Mortgage Insurance or PMI as it is commonly known is an insurance policy which homeowners are required to purchase particularly if the down payment is 20 percent or less of the property value. The main aim of PMI is to protect mortgage lenders in case there is a default by the borrowers. The lender [...]

Best Buy to Let Mortgage Deals - Are they Advisable

Buy to Let Mortgage Deals started out in the mid nineties. There are more and more single people looking for a place to rent. Young people cannot afford the down payment to buy their own place. So, cheap mortgage deals have become very popular.
One look at Cheapest Buy to Let Mortgages can sound [...]

How to Obtain a Mortgage When You Are Self Employed?

For many people, being self employed is a dream come true. You get to make your own hours, you don’t have to battle the morning and afternoon peak hour traffic and you don’t have to worry about finding a parking spot on busy city streets. You can sit at your desk in your pyjamas and [...]