Borrowers Go Long To Avoid Crunch
Posted on August 8, 2008 - Filed Under Finance | Leave a Comment
Consumers looking to secure mortgage deals are showing a preference for long-term deals, according to online mortgage advisory service mform.
Research from mform, shows more people are searching for longer term mortgage deals.
A study by the group has shown that over 45 per cant of mortgage searches made were for deals with five years or more. The company stated that before the credit crunch, this type of arrangement was much less popular. Instead, most consumers opted for two to three-year deals which afforded them the flexibility to take advantage of lower headline rates with different providers.
Get A Break From Your Loan With Repayment Holiday
Posted on July 19, 2008 - Filed Under Finance | Leave a Comment
This feature provides the borrower with the possibility to interrupt the loan repayment for certain periods of time
Not many people have heard about repayment holidays on personal loans. This feature, which is not present on all loan products, provides the borrower with the possibility to interrupt the loan repayment for certain periods of time whenever affordability turns difficult or impossible due to unexpected circumstances like income reduction or unemployment. Repayment holiday also known as forbearance is an interesting characteristic of certain loan types that ought to be considered when applying for a loan.
Fractional Ownership Beats the Credit Crunch
Posted on July 8, 2008 - Filed Under Finance | Leave a Comment
One area of the real estate market is bucking the generally negative trend, with values and sales volumes up. Fractional ownership of luxury real estate has been slowly gaining in popularity over the last 10 years or so, but now seems set to reach a tipping point and become a mainstream concept.
Credit Repair and the Hidden Power of Credit Cards
Posted on June 7, 2008 - Filed Under Finance | Leave a Comment
There is nothing like the subject of credit cards to get people excited. Credit cards can be a great convenience, or a weapon of financial destruction. But there is more power in that plastic than you think. Credit cards also hold the key to higher credit scores and speedy credit repair success, if you know the secret.
The Growing Importance of Your Credit Score
Understanding the Annual Percentage Rate (APR) and What It Really Means In Real Estate
Posted on May 31, 2008 - Filed Under Finance | Leave a Comment
Sternberg brings a “buyers first” view and expertise after 30+ years as a real estate investor. This article is a must read for any one seeking to understand the APR and how it relates to real estate.
The annual percentage rate (APR) gives you the yearly cost of a mortgage in the form of a percentage. The rate calculations include interest, mortgage insurance, and the origination fee (points).
The APR has two main purposes.
1. it allows borrowers to compare loan programs from different lenders so they can see which program is the cheapest.
Get a debt consolidation loan and manage your money
Posted on May 19, 2008 - Filed Under Finance | Leave a Comment
Debt Consolidation Loan is the most common and
the most sought after debt relief option. To put it in simpler terms, it means
obtaining a big loan, to pay off all the other remaining loans.
Debt Consolidation Loan is the most common and the most
sought after debt relief option. To put it in simpler terms, it means obtaining
a big loan, to pay off all the other remaining loans. Debt consolidation loan
is often accompanied by lower monthly payments and longer repayment period.