• Tidak ada hasil yang ditemukan

Learn About Several Institutions Offering Mortgage Loans

N/A
N/A
Protected

Academic year: 2017

Membagikan "Learn About Several Institutions Offering Mortgage Loans"

Copied!
1
0
0

Teks penuh

(1)

Title:

Learn About Several Institutions Offering Mortgage Loans Word Count:

493 Summary:

A mortgage loan enables a person to buy a home, and they can pay the money back to the bank or financial institution over a certain period of time.

Keywords:

finance, loan, dept, home, consolidation

Article Body:

A mortgage loan enables a person to buy a home, and they can pay the money back to the bank or financial institution over a certain period of time. The time frame can be decided by the borrower, depending on how much he is able to pay every month. Most individuals will make the responsibility personal as it is their home. There are several types of mortgages available in the market. There are the low interest mortgage, adjustable rate mortgage, interest only mortgage, assumable mortgage, fixed rate mortgage, reverse mortgage. The most common type of mortgage is the low interest mortgage which is the preference of many of the borrowers.

There are many mortgage brokers whose only job is to find clients the best offer, and also will take a fee. They may be biased as they want to work with only some lenders, as they may be getting better offers. A borrower must always do some research of his own, as this will allow him also to be in the clear field. This will allow the borrower to ensure he is on the right track.

The time allotted for repayment to the bank will be a minimum of 15 years and anyone can stretch it to 25 if they want to. There are a lot of individuals who choose a lesser repayment time, as they will be able to pay less interest for the entire borrowed amount. There will be several documents to provide such as the pay slips and audited accounts depending on whether one is salaried or not. A borrower must not immediately accept any mortgage that is offered by any bank. If the interest rate is also a little less than those of the others in the market, it could be suspicious. Many financial institutions are known for hidden costs. Thus a borrower must also check for the initial down payment percentage, other fees such as processing fees and legal fees.

While going in for a mortgage, the debtor should ensure to get the insurance covered. This will be useful in case of any natural calamities and also if he falls ill and is unable to pay for a few months. A mortgage can also be refinanced at the bank. This will allow the borrower to get more time to pay the loan, plus he can use some money for developing the property. It can be refinanced for various reasons such as renewing the loan, reducing the loan interest or because of credit problems.

The value of the property also must be kept in check as the time goes by. As it is likely to increase the debtor can also ask the bank to reduce the mortgage amount easily. There will be several online companies, who offer to help borrowers compare rates with banks. An independent financial advisor will also be of great help when it comes to choosing the right lender. They can be sought through friends or trusted colleagues.

This is a demo version of txt2pdf v.10.1

Referensi

Dokumen terkait

Biaya Pengawasan Fisik Pembuatan Jalan Baru Kolektor Jl. Dukuh Bulak Banteng (Kali Tebu) ; Pedestrian

Sehubungan dengan tahapan Klarifikasi dan Pembuktian Negoisasi Teknis dan Biaya sebagai bagian dari Seleksi Umum pekerjaan Pengadaan Konsultansi. Perencanaan Feasibility

UJI DAYA HAMBAT EKSTRAK DAUN TUMBUHAN Harrisonia perforata (BLANCO) MERR. TERHADAP PERTUMBUHAN.. BAKTERI

Evaluasi dokumen penawaran ini menggunakan metode evaluasi Kualitas dan Biaya , dengan Rincian sebagai berikut:a. Dengan jumlah penawaran

Referensi pengalaman pekerjaan ( disertai kontrak sesuai pekerjaan yang tercantum dalam referensi pengalaman pekerjaan tenaga ahli) untuk tenaga ahli pada posisi

Pembiayaan kesehatan sejatinya digunakan untuk sebesar-besarnya memenuhi kebutuhan masyarakat, anggaran kesehatan dapat dikatakan sebagai intrumen pemerintah dalam hal

Telah dilakukan penelitian tentang retensi karoten kapang oncom merah ( Neurospora sp.) pada mie instan fungsional selama proses pengolahan dan penyimpanan. Tujuannya adalah

Sesuai Perpres 4 Tahun 2015 pasal 109 ayat 7 point e: Pokja 4 Jasa Konsultansi dan Jasa Lainnya Daftar Pendek berjumlah 3 (tiga) sampai 5 (lima) Penyedia Jasa Konsultansi ULP