DOCUMENTING ONE MAN'S JOURNEY TO BECOMING A PROPERTY MILLIONAIRE

Mortgage Advice

I personally believe that mortgages are the most imperative part of purchasing a property. The difference between a good and bad mortgage policy will reflect on the success of your investment.

Mortgages are serious shit! That’s why I’ve wrote quite a bit about them in this section; hopefully documenting what I feel to be useful advise, which will spare you from taking permanent residency in mortgage hell.

Most Recent Mortgage Advice Articles All Mortgage Advice Articles



Apr
13
2008

Northern Rock Want Their Borrowers To Remortgage

I already mentioned in a previous blog article that Northern Rock weren’t going to be offering their customers a competitive new deal when it comes to the end of their existing product term. However, it was all a tad wishy-washy because I was told by a competitor of Northern Rock, The Halifax. Well, a few […]

Apr 13 2008  |  Mortgage Advice
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Jan
09
2008

Different Ways Of Paying Interest On A Mortgage

In theory, mortgages should be simple. You borrow money from a lender to buy a property, and you pay the lender back over a period of time with interest.
If only it were that simple. It doesn’t take long to work out that mortgages aren’t that simple, and with lenders continually updating their mortgage ranges, it […]

Jan 09 2008  |  Mortgage Advice
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Jan
04
2008

How To Avoid The Mortgage Struggle

Millions of homeowners have been feeling the burn with rising interest rates and the overall cost of living. Repossession levels are creeping up as more and more people are struggling to make their mortgage payments. There are a lot of options available to anyone struggling with mortgage payments as shown in my previous article […]

Jan 04 2008  |  Mortgage Advice
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Dec
10
2007

Mortgage Overpayment Calculator

After writing the Mortgage Overpayments article, I decided to put together an overpayment mortgage calculator, so you easily work out how much you can save by making overpayments. The tool calculates how much you can save, along with how much time you will be shaving off your mortgage.
Most lenders allow at least 10% penalty-free overpayments […]

Dec 10 2007  |  Mortgage Advice
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Dec
09
2007

Mortgage Overpayments

This is an extension to a previous article I wrote on ‘The Benefits Of Paying Your Mortgage Off Early‘. Making overpayments on your mortgage is a great way of reducing your mortgage, consequently providing the opportunity to paying off your mortgage earlier than due. Overpayments is usually suited for those that want to reduce their […]

Dec 09 2007  |  Mortgage Advice
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Dec
04
2007

The Basics Of Interest Rates

I’ve said it before and i’ll say it again (until I’m blue(r) in the face), a mortgage can ultimately determine the success or failure of a property investment. My point being? It’s imperative that you understand how mortgages work so you are able to get the best deal available on the market, without getting wool […]

Dec 04 2007  |  Mortgage Advice
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Nov
22
2007

The Importance Of Remortgaging

I personally believe that the quality and suitability of a homeowner’s mortgage is the second biggest factor that will ultimately determine the success of a property investment, especially with buy to let investors; the biggest factor being the market condition. However, you alone can’t control the market condition, but you alone can play a key […]

Nov 22 2007  |  Mortgage Advice
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Oct
30
2007

I Can’t Afford My Mortgage Payments

Coming to terms with the fact that mortgage payments are no longer realistically possible to maintain is an extremely important step to take. People see it as “defeat”, and it’s never easy to admit defeat, especially when you have a fighting spirit. But don’t think of it as “defeat”, think of it as “surviving”
Giving up […]

Oct 30 2007  |  Mortgage Advice
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Oct
29
2007

Using Credit Cards To Pay Your Mortgage

I recently read a report on The Guardian, which said that more than a million householders have been using credit cards to pay their mortgage or rent. The data was gathered by a new survey published by ROOF, Shelter’s housing and homelessness magazine.
For many people trying to keep a roof over their head is becoming […]

Oct 29 2007  |  Mortgage Advice
Comments1 Comment  
Oct
22
2007

Changing Mortgage Repayment Method

Most mortgage lenders allow a borrower to change between interest-only and repayment methods at any point during an exiting policy. For example, if you have an existing mortgage policy that is interest-only, you can change it to repayment and visa versa.
The actual process of switching is pretty straightforward; it’s not like completely remortgaging. You’ll still […]

Oct 22 2007  |  Mortgage Advice
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