Category Archives: mortgage

Confidence In Variable Rate Mortgages On The Increase

According to a recent report consumers confidence in variable rate mortgage products is on the increase in the UK, following a substantial period of consumers tending to shy away from variable rate products, preferring instead to opt for more stable, yet more expensive, fixed rate deals. The series of five interest rate hikes between August 2006

Refinancing To A Fixed Rate Mortgage ?A Question Of Safety

There are many loan options open to those who want to refinance their current home loans. You may find yourself faced with the option of an ARM (adjustable rate mortgage) or a fixed rate loan. Which type you will choose depends on your personal sitation and the expectations you have for your refinanced mortgage. A fixed interest rate mortg

Interest Only Mortgages ?FSA Makes Move To Protect Homeowners

Abbey recently stated that over 25% of homeowners decide to take out an interest-only mortgage. It’s not hard to see why ?the monthly payments are significantly less, just look at this example based on a 25 year ?25,000 mortgage at 5%. The interest only mortgage will cost ?25 per month – but the repayment mortgage is ?35 per month ?an

An Introduction to Mortgage Backed Securities

What Are Mortgage Backed Securities? Mortgage backed securities are securities that are backed by the principle and interest payments on a group of mortgage loans. Lenders group together mortgages and the money that is repaid by the borrowers’ pays investors in the mortgage backed securities. Why Do Mortgage Lenders Issue Mortgage Bac