A person who owns his own home has the added benefit of being able to get a homeowner loan by putting his house up as collateral. A homeowner loan is always a secured loan because the borrower puts up his house as collateral. The money you get...
It's one thing to own a home. It's quite another to keep it in great shape and update it with things like Italian marble tiles and ceiling repairs. Because of how people are made, their wants and priorities change over time. Those whose floors...
After going through your monthly bills for the hundredth time, you do the math again. Still, it doesn't make sense! Then, like a bad scene from a bad movie, the last few years came flooding back to you.
You're 28 again, and after buying...
People often remortgage when they need to solve a problem. You should try to get the best remortgage rates possible when you apply for one. Before talking about the best remortgage, it's important to know what it is. It's just negotiating a deal...
Before we can understand a refinance mortgage loan, we need to know what a mortgage loan is. A loan that is backed by a piece of property is called a mortgage. Once the loan is paid back, the lien is taken off the property and the owner gets back...
Over the next three years, house prices, the cost of borrowing, inflation, and the cost of living are all expected to go up. But some people are finding that their wages don't keep up with these changes and are falling deeper and deeper into...
Are you thinking about getting a loan to get some extra cash? If you are, the interest rate is the most important thing to figure out when getting a loan. The cost of borrowing money goes down when the interest rate goes down.
When you...
Interest rates have a direct effect on everyone's finances, whether it's their mortgage payments, credit card bills, or savings account. In the beginning of 2004, interest rates in the US and Canada were at their lowest levels in 40 years....
When you get a loan, sometimes you can't make the payments on time. There are a lot of things that can cause this, like medical bills, unplanned costs, or bad spending and saving habits. No matter how hard you try, you always end up falling...
Most of the time, there are two types of homeowner loans: ones that are secured and ones that are not. A home owner loan is based on how much equity you have in your home. If you have 100% equity, it goes without saying that the loan's principal...