Loans Archive

How to Lower your Mortgage Payment

Mortgage payments often represent a hefty proportion of monthly income, which may become an increasing burden on homeowners. Many experience the switch from a fixed rate to an adjustable rate as an initial offer expires, with …

Fast Cash Christmas Loans

Many people think that a fast Christmas loan is the answer to having a fabulous Christmas, filled with lots of nice gifts. These loans are easily accessible to nearly anyone, and they are quick. The …

A Guide to getting your first Home Loan

When it’s the right time to buy your first home it is bound to be exciting looking at the type of property on your wish list. It’s just as important though to give careful consideration …

Top Mortgage Mistakes to Avoid

Aspiring home owners often give far too little thought to the mortgage they select. A mortgage may be perceived as a dull and necessary means to secure a dream home, and not enough importance is …

How to get a Loan after Bankruptcy

If you need finance after bankruptcy and you can not provide any form of collateral it can be really difficult to get approved for a loan. There is however an alternative to boost your chances …

What are Subprime Mortgages

Lenders try to look very carefully at the credit risk of their borrowers in the hope of predicting whether the borrowers will default on the loan. People with very good credit, or the absence of certain …

Managing Student Loans

Most people with student loans choose to keep their loans around for the tax break or because it has a low interest rate.  However, why would you want to do this when you could pay …

How Foreclosures Work

One of the biggest issues in the real estate market is foreclosure. Not everybody understands the meaning of foreclosure but it basically means that if you have a loan secured against your home but fail …

When to consider a Short Sale

Short sales emerged in early 1990 and since then, with the easy mortgages and the booming real estate market, they have been out of use, or at least written about but little. Now, with the …

How does an Interest only Mortgage Work

A mortgage is a financial contract between the lender and the borrower. Mortgages are tailored to the individual and the precise terms and conditions given will be dependent on many different factors, such as the …

How to Lock in your Mortgage Rate

There are a number of schemes that can be taken out to fix your mortgage rate. a) Fixed rate schemes. These work by holding the interest rate at a stated rate for a given period, …

Refinance your Student Loans

Can you refinance your student loans? Yes, but be careful, it can cost you a great deal of money. So you graduated college! Congratulations! Now all you have to do is pay back the estimated …

When is a Personal Loan a Bad Idea

                                                                                     Should Payday Loans be Legal? Yes, payday loans should be legal, especially in these economic times. More and more people are turning to payday loans for their quick processing turnaround, unlike personal bank loans. …

What are Subprime Mortgages

Subprime mortgages are devised specifically for those with bad credit who have no access to the prime market due to bad credit histories. Many subprime products have prime lenders backing them that do not want …

Managing Student Loans

My experience with government loan programs for financing education has been one of mixed emotions. Coming from a lower income family, my situation dictates that I would be completely unable to attend university without an …

How a Foreclosure Affects Credit

Foreclosures are all too common place, leaving often desperate homeowners to face a long battle to rebuild their credit scores. Foreclosures can severely damage credit scores, yet there are many variables surrounding their long term …

How to Refinance with a second Mortgage

In the early part of this decade second mortgages grew rapidly in popularity. They were a great way for home buyers to borrow more than 80% of a property’s value without having to pay mortgage …

How the Foreclosure Process Works

When a party with a security interest in property seeks to seize and sell the property, the process to do this is called foreclosure.  There are several different types of foreclosures, and the method that …