Related to Mortgage

We’ll discover what the fixed rate mortgage is, and its benefits. Then prepare to be amazed at the savings made with a mortgage overpayment calculator. The fixed rate gives you security for a while & the overpayment calculator might give you a pleasant surprise.

A fixed rate mortgage is a special type of mortgage where you have a fixed interest period. A fixed period of interest that may be a couple or several years. If the interest rate remains static, so do your monthly payments. (more…)

A Seattle Times publication of May 1, 2009, captioned: “30-year Mortgage Rates Tie Record Low - 4.78%” indicated that a survey by Fredie Mac, a Market research firm, had found that interest rates on mortgage loans hit an all-time low in the first week of April, 2009. The paper reported that the results of the 30-year survey by Fredie and Mac, had spurred “refinancing activity as the troubled housing market moves closer to possibly hitting the bottom.” (more…)

Looking for a mortgage? Look beyond the bank. There was a time when you’d go straight to a bank to get your mortgage. But times have changed, and now there are many different mortgage deals and providers out there.

You can, of course, still go straight to your bank. Your branch will usually have its own mortgage advisor who will tell you what they can offer, mortgage-wise. The downside of dealing with a bank directly is that they like to sell their own stuff. So make sure you find out what else is out there, either by talking directly to other banks, or by going through a mortgage broker. (more…)