Negative Equity Trap - What If Your Home Falls In Value? by Alan G Thomas
Much of the consumer spending boom in both the US and UK, has been led by rising real estate values. Some have sold their homes, using the net proceeds to fund purchases, but many more have re-mortgaged cashing in on the increase in value. This is fine, so long as their income is sufficient to... What many people really need, rather than re-financing or selling their home in order to benefit from high prices, is an alternative which locks in the value of their home. ... They need a mechanism which enables them to remain in their home, but not suffer the risk of a declining house value.

Securing the Best International Mortgage for Your Home in Spain by Rhiannon Williamson
Are you one of a growing number of people planning on buying a holiday home in Spain? Or have you decided to expatriate, buy a Spanish home and live in it permanently? If so, you may be about to begin your hunt for an international mortgage to purchase real estate abroad… The task of finding... If you consider this method you must accept that the additional sum you add to your mortgage will incur interest, it will have to be repaid over the term or at the end of the term of your mortgage and that the whole loan is secured on your main property.

Reverse Mortgages – a Reversal of the Mortgage Process by Aditya Thakur
Mortgages have assumed a number of characters from the time of their inception. The traditional mortgages used to be of the repayment type. Every month the mortgagor used to pay a certain amount towards both principal and interest. Sensing the hardships that people have to face in making these... Reverse mortgage leaves little equity in the home to be used by the heirs, unless the home equity is growing at an increasing rate. ... When the mortgage is repaid, the mortgage provider has to part with the rights to the home.

When to Get a Second Mortgage by John Mussi
If you find yourself struggling to make ends meet, in need of some additional money for home repairs or home improvements, or just find that you have some financial need that you can't fulfill with your standard wages, you might want to consider taking out a second mortgage on your home. ... Second mortgages are generally considered to be a higher risk than the original mortgage, since the lender which issued the original mortgage has first rights to the property… because of this, interest rates for a second mortgage are usually higher than those for the primary mortgage.

Understanding Fixed-rate Mortgages by Chileshe Mwape
A fixed-rate mortgage is a mortgage on which the interest rate is set for the term of the loan. Your interest rate stays the same for the term of the mortgage or for a specified period of time. Most people use a fixed-rate mortgage. In fact, about 75 percent of all home mortgages have fixed rates. ... The main advantage of a fixed-rate mortgage is that you always know exactly how much your mortgage payment will be, and you can plan for it. ... A Fixed Rate mortgage will offer you the security of knowing that your mortgage interest rate will not change during the term of your fixed rate.

A Guide to Buying a New Home by John Mussi
If you've decided to make the leap from renting a home to owning a home, you might be a little overwhelmed at the prospect of shopping for homes and applying for mortgage loans. While mortgage loans can seem a bit confusing at first, you'll find that they aren't nearly as bad as they might seem... Searching for a home The first part of buying a new home is, obviously, finding the home to buy. ... While this is by no means to be considered a complete list of everything that might come up while shopping for a new home, you'll find below a brief guide to the process of shopping for a home...

UK Mortgage and Remortgage Deals by Groshan Fabiola
Mortgage is a way of securing a debt by using your own property as a guarantee to the lender. If For some reason you cannot pay your debt in time you may lose the property. The term mortgage itself refers to the debt and also to the legal device used when securing the property. ... -variable rates - the interest rate of the UK mortgage varies in time, depending on the agreement between the lender and the client -discount rates - variable rates that benefit of a discount for a period -capped rates - a mixture between variable rates and fixed rates - the interest rate may vary but cannot...

Understanding Mortgages and Remortgages by David Woody
Getting a mortgage to buy a property (or a remortgage to get a better deal on existing property) is not easy. Mortgaging is a complex process and will always involve some professional services and advice. At a minimum you will require a solicitor to handle conveyancing and title of the property,... A mortgage is simply a "home loan", basically a type of secured loan using the property as security for the lender. ... if you fail to make mortgage repayments), to establish rough property value lenders will instruct a home valuation survey.

Buy to Let Mortgages: Wonderful Means of Investment by John Carry
Buy to let mortgages enable you to purchase property for the purpose of letting it out. Buy to let mortgages are wonderful investments considering the fact that more often than not, the property prices keep on rising. Buy to let mortgages are taken by the borrowers to purchase second home for... The rent can be used to pay the installments and at the end of the mortgage period you have a property secured in your name. ... Buy to let mortgages, like all other mortgages, require you to put collateral that may be your first home or any other property.

Home Equity Loans – The Pitfalls of Releasing the Equity In Your Home by Joseph Kenny
House prices have been rising fast all over the UK over the last couple of years. Many people are experiencing a significant increase in their overall wealth as a result. In the United States, this has been termed the ‘wealth effect’ with an increase in the value of people’s homes being... Dangers of Home Equity Loans Everything is rosy in the garden at the moment, but what would happen if you unlocked your equity, had the time of your life travelling around the world only to come back home to find that you have lost your job?