When Is The Right Time To Refinance?
Refinancing a mortgage typically occurs for two primary reasons: The first, Lowering Your Interest Rate: One of the main reasons people refinance their home loans is to take advantage of lower interest rates. If you have held your home loan for some period then you may find the rates your current lender has you […]
Mortgage Calculators and Home Loans Calculators Tips and Traps
Most Finance Websites have a Mortgage Calculator/Home Loan Calculator, from the very basic to the somewhat elaborate. When using this type of resource there is one important rule you must observe – it is a guide only. You need to speak with a professional before relying on the information. Mortgage Calculators assist you and […]
What Is Lenders Mortgage Insurance (LMI)
Lenders Mortgage Insurance (LMI) is often misconstrued and misunderstood. Without Lenders Mortgage Insurance the dream of property ownership would be beyond the reach for many people. To define LMI – Lenders Mortgage Insurance is what a lender takes out to mitigate the risk of a decline in the value of the property asset it […]
