There are many great reasons to refinance. With lower cost, adjustable rate, and 0-down options, traditional loan programs like 30-year or 15-year fixed rate mortgages don't always allow us to meet our financial goals...

The reasons for mortgages or loans are because of the high spending rate of the people in USA. According to the news agency USA TODAY there seems to be a reduction in the saving rate of the people. The cash flow, which is quite slow, is one of the reasons and increase in the spending habit of the people...

Interest rates will rise by the end of 2006, economists are predicting. Leading economists are speculating that that the Bank of England will announce a one quarter point rise in the basic cost of borrowing, of interest to those seeking a mortgage or loan, before the end of the year...

Experts recommend debt consolidation for recovering control over personal money management. Debt Consolidation refers taking one loan in order to pay out other loans. In such case, you only have a tension of serving one debt consolidation loan and can secure a lower and fixed interest rate...

We are able to base LTV on the true value of a property, as opposed to purchase price; frequently our savvy investors are able to buy under value and thus this makes a significant difference. We are able to base LTV on the projected value of a property when rehab or construction is involved...

New figures have shown that Britons are saving more and borrowing less. IFA Promotions' quarterly Savings Break report has revealed that Britons are borrowing ten pence for every pound saved. This is down considerably on past levels and it suggests that people are finally responding to concerns over the high level of consumer debt, with many people focusing on getting their finances back in shape via regular saving and debt consolidation...

Taking on a property in addition to your home can be a time consuming and complex matter. Before you become a landlord (or lady), make sure you’ve thought it through! Tenants While you may be lucky and find the perfect tenant by chance, it’s a good idea to interview potential tenants first...

Taking on a property in addition to your home can be a time consuming and complex matter. Before you become a landlord (or lady), make sure you’ve thought it through! Tenants While you may be lucky and find the perfect tenant by chance, it’s a good idea to interview potential tenants first...

Life is set to become a whole lot easier for UK landlords if the findings of a Law Commission report, currently coming up to final draft stage, are to be implemented. If you own a buy-to-let property, or are considering joining the growing band of landlords, it is important that you’re aware of proposed new legislation regarding tenancy agreements...

Many commercial lenders have effectively (if not actually) shut their doors. For the rest of us, the resulting volume is so great our appraisal and processing systems are stressed to the limit. Several of our competitors are not even taking any more loans just to get through the current overload in their systems...

If you have decided to take or loan or mortgage then the facilities available are immense. There are wide variety of banking institutions, banks and brokers who are available to provide loan. It is only when an individual shops and finds the various lenders available and the schemes that they offer that he will be able to get the right loan at a good rate...

According to Carrier Reeder, debt adviser: The most important type of loan is home loan and as in other cases the choice of lenders are immense. She analyses the various types of loans available and the options offered by them...

You hear people griping about the cost of consumer products these days. The socialist-student-worker-miser believes capitalism is inherently wicked. Someone is out to screw him. The truth is 'yes', someone is out to screw you, and will, but only if you let them...

Copyright 2006 Nigel Osgood Facts • The shorter the remaining term of the lease, the more difficult it will be to sell the property or for potential buyers to raise the finance • Potential lenders usually require a minimum term of lease at outset of a mortgage facility and, also, require a 30 years left on the lease at maturity of the mortgage term • Properties in prime areas of Central London, typically, have leases attached to them with less than 30 years remaining (some have much shorter remaining terms) • Since the Commonhold & Leasehold Reform Act 2002, it has been easier for an owner of a short leasehold property to extend the term of the existing lease, if he/she has owned the property for two or more years • Few lenders have identified and responded to this niche lending opportunity; those that have done so, consider the location of the property and the status of the freeholder to be important factors in the mortgage application process • Quality estate agents and valuers, experienced solicitors and enlightened independent mortgage advisers will all have significant roles to play in this business arena Financing the Extension of a Short Lease A freeholder will require a monetary consideration in order to extend a lease and there are, essentially, three options for making that payment: • Pay the premium to the freeholder out of one’s own financial resources • Apply to one’s existing lender for a ‘further advance’ in addition to the existing mortgage • Apply to another lender for a re-mortgage to pay off one’s existing borrowing and raise the additional amount required to pay the freeholder A lending institution will value the property on the bases of its current short lease and also the future increased lease term...

On November 1, 2005, the Federal Reserve Bank [Fed] raised interest rates one quarter of a percentage point. Since Summer 2004, outgoing Fed Chairman Alan Greenspan has been raising interest rates on a regular basis since hitting its low point of just 1%...