If you currently have a tracker mortgage then an increase would have a direct affect. If the base rate increased by 0.25% then your mortgage rate would also increase by this amount. This may not sound like much but on a £200k interest only mortgage this would amount to approximately £40 per month.
If you have [...]
How To Escape The Stress Of Mortgage Arrears
Monday, 03. 16. 2009 – Category: Mortgage Arrears
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 [...]
Accelerate your Mortgage, Free your Income
Saturday, 03. 14. 2009 – Category: Uncategorized
I was recently asked about a mortgage acceleration program and how they work. The idea behind the program is to pay off your home 2 or 3 years early, and save a bunch of money on interest. But what are they exactly, and do they really work?
Most mortgage acceleration programs use the same basic principle. [...]