Here’s the first mortgage term you should learn – Standard Variable Rate, or SVR. This is the interest rate you will be paying on the total amount you are borrowing. It is usually expressed as a percentage, and is different from an APR (Annual Percentage Rate). An APR includes all costs associated with the loan, such as interest, fees, any…
Tag: Mortgages
What Is A Bad Credit Mortgage
Things such as County Court Judgements (CCJ’s) or a poor credit history can scupper the chances of you getting a personal mortgage because mortgage companies deem you a high risk. If you are self-employed, and even have a pristine credit history, you may find it just as difficult to get a mortgage due to your circumstances, which is unfair. However,…
What Choices Are There In Home Mortgages
Buying a house, or refinancing, means that you have to apply for a mortgage, or loan on the house. There are many different forms of loans available, but selecting the right one can be more than a little difficult – since so much money rests on that choice. Here are some tips that will help you to make that right…
Remortgaging With No Proof Of Income Is It A Possibility
Currently, approximately three and a half million people in the UK are self-employed and it is predicted that that figure is set to rise over the next decade. While many of these enterprises are successful, it can often be problematic for the self-employed to buy a home, as mortgage companies can be mistrustful of anyone who is unable to provide…
Everlasting Mortgages
What does the term “inter-generational mortgage” mean to you? If you’re not up to date, then read on for more information on this revolutionary move. It seems that there is a distinct possibility that lifetime interest only mortgages, which we could pass on down the family, may be the answer to a lot of home buying problems and worries. The…
No Credit Check Mortgages
If you’re applying for a new home loan, one of the first items a potential lender will request is your permission to perform a credit check. If your credit history is a bit shaky or downright poor, you might consider the so-called no credit check mortgages. While any legitimate lender will require a credit check at some point, there are…
Refinance To Save Your Hard Earned Pounds
Have you heard of refinance? What it isn’t new for you. But, it was newer to me. In fact mortgages too were newer to me. I had considered it my fate to be stuck to the high interest mortgage. It was refinance (commonly known as remortgage) that gave me the faith that I can not only change the mortgage and…
Take Over Mortgage
The loan known as a take over mortgage is designed so that the conditions and terms of a loan can change hands between two borrowers. That’s to say, one borrower can transfer the mortgage to a new borrower. It’s also called an assumable loan People buying a home can take over a seller’s mortgage when they complete the transaction. Usually,…
Figuring Out Whether To Go With A Fixed Or Adjustable Mortgage
Traditionally, the 30 year fixed mortgage was the staple of the home loan industry. Now you have tons of choices with the fixed or adjustable mortgage being the biggest. Figuring Out Whether To Go With A Fixed or Adjustable Mortgage Almost every person, at one point or another, will be looking into the possibility of pulling out a mortgage on…
Things You Need To Know About Self Certified Mortgages
If you are hoping to get a mortgage then be sure and bring everything of significance to your appointment with a mortgage broker. By providing all the essential information at the outset, it minimizes delays and makes the process easier. Requested information might comprise: utility bills, proof of identity and address, records on credit cards or other loans, pay slips…