Mortgage

A How-To Guide to Refinancing Your Home

There are various reasons why you should refinance your mortgage, including lowering your monthly payments, switching to a fixed rate, or borrowing against your home equity to get a cash out. The refinance process is a bit different from the normal mortgage process. Here are the steps towards successfully refinancing your existing mortgage. Step 1: Determine the Right Loan for ...

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Benefits of Taking a Commercial Mortgage

Understanding commercial mortgages A commercial mortgage refers to any loan you take on a property that is not you primary place of residence. Although the term is mostly used to refer to property meant for business purposes, it also includes other types of property acquisitions such as when you take a mortgage on a property you intend to let. In ...

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It’s Time To Switch Mortgages – Proceed With Care

On the whole, this is probably a good time to switch mortgages. But it’s also important to proceed with great care. We’ve all probably read about the likelihood of interest rates and, therefore, mortgage rates increasing gradually in the not too distant future.At the same time, recent noises from the Bank of England suggest that the economy hasn’t been expanding ...

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How To Increase Your Chances Of Getting a Mortgage

Considering that most people cannot afford to buy property such as a house or apartment in cash alone, the obvious answer is to take out a mortgage and borrow the money to fund their property purchase. However, in 2014, lenders are scrutinising mortgage applications more than ever. It has got to the stage where mortgage lenders are only happy issuing ...

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