May 25 2010
An interest only mortgage is a type of mortgage where you will pay only the interest and does not repay the principal amount for a period of time and during this period; the loan balance will remain the same.
In twenties this type of loan was normal, as it worked fine as the home did not [...]
May 04 2010
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 [...]
Mar 30 2010
What Is An Endowment Mortgage?
An endowment mortgage, in theory, is supposed to lower your mortgage payment. Ideally, endowment mortgages are much cheaper than standard mortgage policies such as repayment mortgages. When you get an endowment mortgage, you pay only the interest on the amount borrowed. In addition to this, you pay an [...]