Endowment and Discount Mortgages

Endowment Mortgage

Endowment Mortgage An endowment mortgage is very similar to an Interest Only mortgage with one main difference. The difference is that an amount of money is paid into an endowment saving vehicle that will pay off the capital at the end of the mortgage term. The endowment is often linked to the stock market. This …

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Fixed and Capped Rate Mortgages

Interest Rates Mortgages

Fixed Rate Mortgages A fixed rate mortgage is where the interest rate in fixed for a certain period. At the end of this fixed term the standard variable interest rate applies. Most fixed rate mortgages have some kind of fee applied to the mortgage by the lender. This is offer referred to an agreement fee. …

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Capital and Interest Only Mortgages

Capital and Interest Only Mortgages

Capital and Interest Mortgages A capital and interest mortgage is designed to do to things. The first is to be the interest, as the mortgage is usually over a long period of time, the average is 25 years, the amount of interest paid back to he mortgage company is often higher than the loan amount. …

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Which loan is right for me?

What Mortgage Loans is right for me ?

What Mortgage Loans is right for me ? Years you plan to stay in the house Recommended program 1-3 3/1 ARM, 1 year ARM or 6 month ARM 3-5 5/1 ARM 5-7 7/1 ARM 7-10 10/1 ARM, 30 year fixed or 15 year fixed 10+ 30 year fixed or 15 year fixed Loan Programs Advantages …

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Online Guide to Mortgage and Home Loans

Mortgage Calculator

Online Mortgage and Home Loan Finding the perfect home isn’t tough these days. If you want a four bedroom, three and a half bathroom home with a two car garage, and a big fenced in yard for the kids, it isn’t that hard to find it. There are a few parts of the home buying …

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How to Get a Home Improvement Loan for Your Renovation

Financing Your Home Improvement Project

Financing Your Home Improvement Project Building a new house or renovating an existing house can be an exciting way to make a home uniquely yours. But, just as the design requires careful planning and consideration, so does the method of financing the construction process. Whether you hire a contractor to do a complete kitchen remodel or you …

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Construction Loan Process

Step by Step Construction Loan Process

Step by Step Construction Loan Process Here is the cast of characters typically involved in the construction loan process. The Loan Officer typically has a relationship with the builder based on the builder’s trust of the loan officer and lender to get the loan approved and properly administered. The Loan Processor will be your secondary point of contact for all items …

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Construction Loan Interest Rates

Interest Rates Mortgages

Construction Loan Interest is Charged Monthly Construction Loan Interest Rates | Compare Construction Loan Funding Construction loans are almost always funded by financial institutions such as banks and credit unions. Banks and credit unions define construction loans to be short term since construction is typically completed in 12 months or less and the loan is payable when construction …

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Construction Lien Laws | Florida

Florida Construction Lien Law

Florida Construction Lien Laws Due to the specialized knowledge required and the financial risks inherent in failure to follow the requirements of the Florida Construction Lien Law, the best policy for someone planning to build a house is to get a construction loanfrom a bank or credit union. These institutions know the rules that have to be followed …

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Builders Risk Insurance Construction and Commercial

Builders Risk Insurance

Builders Risk Insurance | Construction | Remodeling | Residential | Commercial Builders Risk Insurance Builders risk insurance is a form of property insurance that covers property owners and builders for projects under construction, renovation or repair. It is similar to normal homeowners insurance but designed to provide insurance during the construction of the house. Builders risk insurance provides coverage for theft and vandalism, for accidental …

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Build Your Own Home and Save Thousands

Build Your Own Home and Save Thousands

A Complete Guide to Building Your Own Home Buying a new home can be very expensive. However, you can save 20% to 40% by building your own home. In The Complete Guide to Building Your Own Home you will learn that your dream can become reality. From basic planning to construction methods, this book provides all the …

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Residential Construction Loans

Construction Loans

Know the Differences in Construction Loans All Residential Construction Loans Are Not the Same Many builders require customers to obtain their own construction loan. This passes the expense and credit risk during construction to the customer and allows the builder to charge a lower price for the house. The customer will usually apply for a construction/perm loan with a …

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