Tag Archive

New Mortgage Rates

By Mortgage Advisor

All new mortgage ratess taken out from 30 April 2009 will migrate to Nationwide's new Standard Mortgage Rate (SMR) at the end of the deal period. The variable SMR is currently 3.99%. It offers full flexibility to overpay with no limit (minimum or maximum) and no early repayment charge. Alternatively, customers can choose one... »

Home Equity Loan Comparison

By House Mortgages

If experts are to be believed, home equity loans have many useful purposes. In an ideal scenario, homeowners select these loans as a way to reduce and eliminate their credit card debts. This is a wise move especially considering that home equity loans have lower rates than most credit cards. »

Obama Home Mortgage Plan – Making Home Affordable For Houston Homeowners To Refinance At Lower Rate

By House Mortgages

President Obama recently launched the "Making Homes Affordable" plan. As part of the plan, the two largest holders of residential home loan in the country, government agencies FNMA and FHLMC, announced refinancing plans that will make it easier for a homeowner to refinance their home loan at today's low rates. »

Refinancing Your Home Mortgage

By Mortgage Advisor

When most people refinance their homes, they do so with the intention of obtaining a lower interest rate or reducing their monthly payment. The refinancing process involves taking out a new home mortgage, and paying off the existing mortgage with the proceeds of the new loan. While sometimes it seems like an easy decision... »

Refinance Home Mortgage

By Mortgage Advisor

Fortunately, home mortgage loans can be refinanced whenever you like. Some lenders suggest allowing the loan to mature at least 12 months. However, if you detect a change in market trends, refinancing shortly after purchasing your home is a smart maneuver. Those contemplating refinancing must be prepared to pay additional closing fees. Moreover,... »

House Mortgage

By Mortgage Advisor

There is an important element that exists in most home sales and that is the mortgage. Whenever you purchase a home and you don’t pay the full price in cash, you have to obtain financing. This type of financing is a mortgage. When you take out a mortgage you are using the property as... »