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  • 8). Types of High Risk Mortgage  By : Joseph Kenny
    As the cost of houses continues to increase, fewer people are able to afford them. Many creditors have responded to this situation by creating a new class of mortgages that are quite risky. A large number of people have begun getting these mortgages, and the payments are generally low when you first get the loan. In this article I will discuss these mortgages in detail, and what you should know about them.
    Article Related to: mortgages, loans, secured, piggy, high, risk, fixed, interest, only, payment, increase, home

  • 9). Mortgages. The Pitfall Of Interest Only Mortgages.  By : Michael Challiner
    In the first three months of 2002, just 9% of all new mortgages were taken as interest only - but by the last quarter of 2005, the figure had risen to 23%. And amongst first time buyers, the figures rose from 6% to 15%. (Source: Council of Mortgage Lenders.) The reason is obvious. It's down to family economics. With an interest only mortgage, the monthly repayments only repay the ongoing interest so your monthly repayment is low.
    Article Related to: mortgages, interest, only

  • 14). Mortgages. Why Interest Only Can Be A Risky Option  By : Michael Challiner
    The Council of Mortgage Lenders’ figures are showing a growing trend in interest only mortgages. From January to March 2002, 9% of new mortgages were interest only. Now take the period from October to December 2005, and the amount of new interest only mortgages has risen to 23%. In the same timeframe, the number of first time buyers choosing interest only mortgages has increased from 6% to 15%.
    Article Related to: mortgages, interest, only

  • 18). Regulations Tighten On Interest Only Mortgages  By : Michael Challiner
    More than 25% of homeowners are paying for their homes with an interest-only mortgage say the Abbey. The reason is obvious – their monthly payments are much less. For example, a £125,000 interest only mortgage at an interest rate of 5% and repayable in 25 years time, costs £525 per month - but on a repayment basis the monthly cost rises by £210 to £735 per month.
    Article Related to: mortgages, interest, only, regulations



 


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