Finance Articles

Once you?ve done your research on reverse mortgages and gained a more complete understanding of the product, the next step is to decide if a reverse mortgage is right for your situation. If you?re eligible (a homeowner 62 years of age or older with equity in your principal residence), this may be a quick decision or one that requires a bit more consideration. As with any decision, it?s always helpful to get the perspectives and experiences of others who have faced similar sit...

This article highlights the five main reasons that banks decline commercial mortgage loan applications. The reasons provided below do not represent obscure issues, so it is likely that two or three of the reasons described will be important for typical commercial mortgage situations. The first two reasons (business plans and tax returns) will potentially impact all commercial borrowers. Many commercial loan officers will start their loan review process by stating some variati...

Being self-employed offers freedoms that traditional jobs usually can?t match. Self-employed individuals can work from home, set their own hours, and be their own bosses. They can choose their own work assignments, provide the services they want to provide, and even choose their own wages. Yes, self-employed individuals are living the life ? until it comes to health insurance, that is. Most self-employed individuals, or individuals who work as independent contractors fo...

There has been a tremendous boom in overseas property ownership. Whether for personal use as a family, holiday or retirement property or as an investment property, the market shows no sign of slowing down. In the excitement of making the decision to go ahead, it?s easy to overlook the importance of taking professional advice with regards to the legal situation. The law in respect of property and mortgages abroad is very different from that in the UK. Local practices, cu...

You may have heard about the introduction of the Home Information Packs starting in June 2006. One controversial part of the Pack was to be a Home Condition Report, a mandatory survey that the seller of the property would have to have carried out in order to sell the property. However, although the Packs are going ahead, the Home Condition Report won?t be a compulsory part of it. So firstly, what exactly is the Home Condition Report? It?s the same as a survey, but instead ...

If you?re thinking of improving your home, investing in buy-to-let or holiday property or maybe consolidating your debts, you?re probably thinking of re-mortgaging. If your current mortgage is now some years old, you?re probably out of date on what?s available. Forget the old ?one size fits all? mortgages. Mortgages today are varied and there?s probably one just waiting for you. In view of the fact that there are around 4,000 different loans available, obviously we can?t c...

Do you, in common with millions of other home owners, have a short-term mortgage? If so, it?s very easy to set up the monthly repayment and then get involved with so many other aspects of your life that time slips away and before you know it, the two or three year period of your loan is coming to an end. Whilst many lenders write to their customers towards the end of the loan period, it isn?t compulsory. When you sign on the dotted line for your mortgage deal, you are issu...

At present there are nearly 45 million Americans who do not have health insurance. Are you one of them? There are several reasons why people do not buy health insurance. The prime reason and most obvious is the cost. On the other hand the cost incurred to you and your family if you are not covered by insurance and are struck down with a major illness unexpectedly may mean complete bankruptcy. Another top reason why people do not acquire health insurance is when they change co...

A helpful reminder from your mortgage broker may be just what you need to save yourself a whole lot of trouble. The FSA (Financial Services Authority) is very happy with the way rules for renewing two or three year home loans are working out, but mortgage brokers tell a different tale and are less impressed, saying that borrowers are confused and could be out of pocket over the system. When your short-term mortgage is coming to an end it would be helpful if you could re...

What does the term ?inter-generational mortgage? mean to you? If you?re not up to date, then read on for more information on this revolutionary move. It seems that there is a distinct possibility that lifetime interest only mortgages, which we could pass on down the family, may be the answer to a lot of home buying problems and worries. The way the scheme works is the borrower takes out an interest only mortgage. This means that your monthly repayments are for interest ...