Forget everything you thought you knew about the benefits of taking a variable-rate mortgage instead of locking in for the long term.
A new study suggests the security of a five-year mortgage costs little or nothing beyond a riskier variable-rate mortgage, providing you get a jumbo-sized rate discount.
“Interest costs on discounted closed five-year mortgages have been close to, an Read the rest of this entry »
For most people, buying an overseas property is a dream. However, with all the intricacies and complicated procedures with overseas banks, developers and solicitors, a lot of people get discouraged with the concept. However, the overseas property mortgage in the UK has undergone a sudden surge in the recent years.
This can be attributed to the growing number of people wanting to buy properties abroad for reason Read the rest of this entry »
Since the new Turkish mortgage law passed on March 2007, the mortgage and real estate markets have continued their growing trends that are mainly driven by lower interest rates; however, this growth is probably just the tip of the iceberg.
The Turkish mortgage law that passed on March 2007 has two important properties that are expected to boom the mortgage and real estate markets in Turkey:
Read the rest of this entry »
Size of the Turkish Mortgage Market
The Turkish mortgage market has shown promising growth in the last few years. While the existing mortgage loans had a share of only 0.6 percent of the GDP in 2004, the share jumped to 2.6 percent in 2005, and then to 4 percent in 2006. Currently the existing mortgage loans are about 31 billion YTL, which is about 5 percent of GDP.
These statistics c Read the rest of this entry »
Buying new property and getting a mortgage, is a long term decision which requires a big financial commitment. Getting the lowest home mortgage rates make a big difference in what you have to pay back. Naturally, you want the lowest home mortgage rates.
Foreclosures is a risk which gets many potential home owners to get cold feet in getting a home mortgage loan to buying a 1st home. Banks are writing of many mo Read the rest of this entry »
The equity release mortgage (also known as a lifetime mortgage or a reverse mortgage) is becoming an increasingly popular method by which seniors can tap into the equity in their homes, providing them with cash in the form of a lump sum or supplementary income.
Who can get an Equity Release Mortgage?
There are a few simple criteria you must meet to be eligible.
Question: “What’s the biggest financial investment most Canadians will ever make?”
Okay, that may have been an easy one if you read the headline of this column. For most Canadians, their home is their biggest investment – and their most powerful financial tool.
It’s odd – given the importance of the mortgage decision – that many homebuyers will spend much more time deciding on whi Read the rest of this entry »
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