mortgage Archives

Feb72022 by Paul LinusNo Comments

First time home owner’s tips

Home & Garden

Buying a house is a decision that is not to be taken lightly since there are responsibilities and risks involved. For first time home owners, there are also a lot of extra costs. Pros of Buying a House Property is an investment. Once the mortgage is paid in full, the purchaser of the property has a home to live in for good and a cash value if he or she wishes to sell. Property prices have dropped considerably over the last 18 months in almost every country across the world, foreclosures are at an all time high, so now is possibly a good time to buy a house. A home owner has the freedom to make any changes to the property or decorating choices without having to consult a landlord. Cons of Buying a House Financial costs can be a lot more than initially budgeted for, on to...

Nov172020 by Paul LinusNo Comments

How to get very good remortgage deals

Finance

For most people a mortgage is their biggest financial commitment and it makes sense to reduce that cost wherever possible. At present mortgage interest rates are at an all time low, even the standard variable rate (SVR), which most mortgages revert to after the initial discounted offer are at very low levels. Compare Remortgage Quotes For first time buyers it’s a particularly tough time to get a good mortgage deal but for those who already have a mortgage and have an excellent credit score, it’s definitely a good time to compare some remortgage quotes from an independent mortgage broker. Despite the current low levels of interest it may still be possible to save money on a new remortgage deal. For those who are still using an endowment insurance policy to repay their mortgage it ...

Aug132020 by Paul LinusNo Comments

Retirement plan advisors suggests paying off mortgage before retirement

Finance

Retirement plan advisors - While retiring completely debt-free is an optimum goal for better finance, many Americans will enter retirement with a mortgage note draining their nest eggs. According to one of the retirement plan advisors, Jonathan Clements, in his September 20, 2007, Wall Street Journal article “Retiring With A Mortgage? Here’s What to Do,” more than 32% of households in the 65 to 74 age bracket had a mortgage on their primary residence. This is a considerable increase from 1992 when the percentage of mortgage holders among this group was just 19%. Making Extra Mortgage Payments for Better Finance The recent recession of COVID-19 pandemic and the loss of value among investment assets means that fewer retirees will have the assets they anticipated would be available ...

Jul302020 by Paul LinusNo Comments

Fixed rate mortgages vs tracker mortgages

Finance

Fixed rate mortgages and tracker mortgages are the most popular loans on the market. Whilst all borrowers seek the best mortgage rate, there remains a lot of guesswork regarding which one is right. If economists can't agree on the direction of interest rates, what chance does a layman have? Are Fixed Rate Mortgages or Tracker Mortgages More Popular? Fixing a rate at a high level can be frustrating when interest rates start to come down. Similarly, tracker rates can prove expensive when interest rates start to climb to combat inflationary pressure. Which type of loan is preferred by borrowers? Data provided by the Council of Mortgage Lenders show that fixed rate mortgages account for 70% of all loans taken out in Britain. This demonstrates that homeowners prefer certainty. They...

Apr62018 by David KollerNo Comments

Kyrylo Shevchenko: Home ownership Is a Characteristic Feature of Ukrainian Culture and Mentality

General

Kyrylo Shevchenko, CEO at Ukrgas bank shares his insights in the bank’s transformation into the leading provider of mortgage loans, probability of the real estate market collapse and the odds of apartment loan rates decreasing. Alexander Sukov: Why was Ukrgas bank selected to launch 70/30, the government mortgage program? Kyrylo Shevchenko: First of all, it is quite obvious that a state bank should be chosen to launch the program developed by the State Fund for the Promotion of Youth Construction. Second of all, Ukrgas bank is one of the top mortgage providers. Our mortgage programs offer interest rates that are flexible and affordable for Ukrainians. Lastly, we have the largest number of affiliate programs with property developers put in place. Most importantly, these companies can be...

Mar282018 by Paul LinusNo Comments

Knowing Unknown Facts of Cash Investments

Finance

At this time and age, all households will have some kind of cash investment. After all, each time someone deposits money in a bank account, he is investing in his money. According to the Australian Securities and Investment Commission (ASIC), opening and saving money in a bank account is an investment in which the depositor is lending his money in return for payment of interest. The depositor is essentially the money lender which charges the borrower (the bank in this instance) an interest rate. It is just like a bank lending money for people to buy property, cars and other expenses. The difference is that the roles are reversed. Often, families who invest their cash or lend their money for a longer period of time or who face more investment risk will enjoy a higher rate of inter...