Mortgage
Published: 28/08/2008
Reverse mortgages are an exciting and fast growing way for seniors 62 and older to keep their property and tap their equity to improve cash flow. Many people have questions about reverse mortgages and here are some common questions and answers.
What is a reverse mortgage?
A reverse mortgage...
Published: 28/08/2008
After an extended period of prosperity and unprecedented growth, the UK economy, like many economies of the Western world, has fallen on troubled times with many predicting that a recession lay just around the corner. Combined with rising oil prices and a general increase in living expenses, many...
Published: 27/08/2008
This document explains the eviction process used to evict homeowners in the UK due to unpaid secured loans. It offers advice on how to prepare for the court hearing and how to deal with lenders.
Firstly it is important to know that your lender can not evict you without a court order. If you...
Published: 27/08/2008
Do you want to make sure that you get to keep your house? If so, you need to start by learning How to Write a Hardship Letter. When we enter financial difficulties, we often find that we might be watching everything in our life fall over, as though they were stacked dominoes, and one of the...
Published: 27/08/2008
The current mortgage system is designed to squeeze as much money out of you as possible...
WARNING: you're at a severe disadvantage because mortgage companies charge as much interest as long as possible without informing you in a clear way all the steps you can take to change it.
The...
Published: 26/08/2008
If you have missed any payments on your loans you need to check if they are secured or unsecured on your home. If they are secured then they need to be dealt with urgently as the lender has the power to take possession of your property if they are not paid. We are going to discuss secured loans...
Published: 26/08/2008
A non-performing loan is a loan that is in default or close to being in default. Many loans become non-performing after being in default for 3 months, but this can depend on the contract terms.
"A loan is nonperforming when payments of interest and principal are past due by 90 days or more, or...
Published: 26/08/2008
If you are paying 40% or more of your paycheck to your mortgage, there is nothing left to invest or to enjoy your life. Here is where it gets worse. Your ARM is designed to trap you into a lifetime of payments... That does not make sense right? You plan to refinance your mortgage after your...
Published: 26/08/2008
Have you heard the term "hard money," but you're not sure what it means? Perhaps you know what it is, but you're unsure where to find it.
Hard money is financial backing from private investors in the form of a loan. It is one of the best ways to get a business project off the ground, but you...
Published: 25/08/2008
A much advertised solution to current financial woes involves using your home to bail you out of trouble, by tapping into the equity available and presenting you with a sudden influx of cash. This can be a bad idea for several reasons.
The ATM Mentality
If you get in the habit of using...
