|
|
Home Mortgage Loans
Getting rid of the mortgage early is something that many home owners in the UK aspire to achieve. Being free of the principal financial debt in most people's lives at the earliest stage possible offers financial security and peace of mind for later...
Online Loans Made easy
What will it take for you to get a low interest, low payment loan? The answer to that question could be an online loan from one of the many companies that specializes in granting online loans, or e-loans.
Some analysts forecast that as more...
Payday Loans - Legal Loan Sharking?
Each day, in cities across America, people go to payday loan
companies, seeking a temporary escape from their financial
problems. But that quick fix comes with a hefty pricetag
attached--interest rates that can run 400 percent or more on...
Secrets and Benefits of Secured Loans
Borrowing money has become more and more popular in the UK over recent years, and this is partly due to the fact that it has become far easier to borrow money. The rising popularity of consumer finance has also been aided by the wide...
The market for home loans has never been this hot
Where before, about a decade ago, owning your dream house seemed like a
daunting task, today, however, it's as easy as pie. More and more people are
now getting home loans in order to buy houses. However, along with this rise in
home...
|
|
|
|
|
|
|
|
Super Jumbo Loans: Interest Only
What is a super jumbo loan? No, it's not a loan for the obese,
and it's not a loan for the elephants in the circus. A super
jumbo loan refers to a type of loan for an amount of money that
exceeds the normal mortgage product loan limits. Today, with the
introduction of the interest only loans, and the price of real
estate soaring through the roof, more and more of the market
falls under the classification of a super jumbo loan. Let's
look a little closer at the super jumbo loan, and who can use
it, who does it benefit, and is it tied to the interest only
loan option? The Super Jumbo mortgage product is for the
mortgage loan that exceeds $650,000. If your mortgage exceeds
that amount, then you must look to the super jumbo mortgage loan
products to receive financing. Or, you can look to the interest
only loan market, and there, some of the restrictions that apply
to the traditional super jumbo mortgage loan, are lifted and do
not apply. Let me explain a little more clearly. To receive a
standard Super Jumbo mortgage loan, you were often subject to an
interest rate pricing premium, in other words a higher rate, or
a higher pricing premium on the loan, or you could try to use a
combination of both first and second trust money, like a
first
and second mortgage, and would still have to pay a little higher
interest rate. Then BAM! Here comes the interest only loan,
and now the borrower that needs a loans over 1,000,000 can get a
smart choice loan, qualifying for only 1% interest in the first
month. Okay, as a consumer, I don't think this is a wise way to
go, for the average guy, anyway. But what about the real estate
investor or developer, that turns over real estate like we do
pancakes? These super jumbo loans with interest only loan
options seem like a god send. They're an excellent way to obtain
larger amounts in financing, and then turn around and sell the
property, before it becomes an issue about the financing. This
is the individual that should look to the super jumbo loan as an
ally. Not the average consumer. However, with real estate prices
rising faster than the water in the Titanic, many of today's
prospective homeowners, especially in resort areas, are turning
to these super jumbo loans in order to borrow enough to buy a
home. I think these Super Jumbo loans with the interest only
loan option are a mistake.
About the author:
John Williams writes about business loans from
his business loans blog.
|
|
|
|
|
Cheap Loans | car, personal & secured homeowner loans ... |
Compare over 400 UK personal (unsecured) and secured homeowner loans, including car loans, to find the cheapest deals... |
www.moneysupermarket.com |
  |
E-LOAN: Mortgage Refinance, Home Equity, Auto Loans, Savings ... |
E-LOAN offers home mortgage, refinance, home equity loans, lines of credit, auto and motorcycle loans, savings accounts and CDs with great rates online. |
www.eloan.com |
  |
Loan Center - Yahoo! Finance - News, Education, Daily Rates and ... |
Loan Center - The Yahoo! Finance Loan Center provides useful tips, calculators, and rate data to help you choose an auto loan, mortgage, or personal loan ... |
loans.yahoo.com |
  |
FREE LOANS QUOTE - the customers champion. Finding you the right ... |
COMPARE! Let us get you a loans quote with minimal fuss. We're the UK specialists. |
www.moneyweb.co.uk |
  |
Personal Any Purpose Loans : Loans.co.uk : Personal Loans UK |
Offers consumer loans for any purpose in the United Kingdom. |
www.loans.co.uk |
  |
FinAid | Student Loans |
An education loan is a form of financial aid that must be repaid, with interest. ... The interest rate on the Stafford Loan for new loans first disbursed ... |
www.finaid.org |
  |
GovLoans.gov - Find the Right Loan for You |
GovLoans is a partnership of many Federal agencies and organizations with a shared vision - to provide improved, personalized access to government loan ... |
www.govloans.gov |
  |
Loan - Wikipedia, the free encyclopedia |
Bank loans and credit are one way to increase the money supply. ... Abuse in the granting of loans is known as predatory lending. ... |
en.wikipedia.org |
  |
Mortgages, Refinance, Home Loans, Home Equity Loans at Quicken Loans |
Online lender offers simplified residential loans and competitive mortgage rates. Headquarters in Livonia, MI. |
www.quickenloans.com |
  |
Mortgage Loans - Compare Mortgage Rates - MSN Money |
Get a mortgage loan that’s right for you. Compare mortgage loan rates of top lenders. |
moneycentral.msn.com |
  |
The Student Loans Company Ltd. |
Provides details of the Student Loans system which is part of the Government's financial support package for students. |
www.slc.co.uk |
  |
Sallie Mae - Private Student Loans, Stafford, PLUS, Student Loan ... |
Apply online for federal and private student loans, consolidate student loans; financial aid and scholarship information for college, graduate school and ... |
www.salliemae.com |
  |
Loan Guaranty Service, Home Page (U.S. Department of Veterans Affairs) |
This page provides content and information related to the Loan Guaranty Home Loan Program. |
www.homeloans.va.gov |
  |
Fool.co.uk - Compare Loans - Personal Loans and Unsecured Loans |
Compare over 200 UK loans including personal loans, secured loans, and unsecured loans. Search all loans and apply online. |
www.fool.co.uk |
  |
LendingTree Home Loans | Refinance | Home Equity | Mortgage Refinance |
Service network of lenders that enables consumers to compare rates, apply for and get approval for competitive auto loans online. |
www.lendingtree.com |
  |
Direct Loan Home Page |
The US Department of Education's lending arm for students in participating schools and student loan consolidation. |
www.ed.gov |
  |
Personal, home equity loans for union members at Union Plus |
Union Privilege offers Union Plus benefits -- including credit card, mortgage, loans, insurance, scholarships, health care savings and other discounts -- to ... |
www.unionplus.org |
  |
Countrywide Financial - Home Loans - Equity Loan Mortgages ... |
Countrywide Home Loans is the nations largest independent mortgage lender offering home equity, HELOC, refinance, mortgages, debt consolidation and other ... |
my.countrywide.com |
  |
Secured Loans UK - Secured Personal Loans - accepted.co.uk |
We search over 200 secured loan plans to find the best deal from our lenders - accepted.co.uk. |
www.accepted.co.uk |
  |
UK Loans : Personal Loans, Secured Loans, Cheap Loan Quotes |
The UK Personal Loan Store offers comparisons of the UK loans, personal and secured loans. Also offers tips, articles and latest loan news section. |
www.ukpersonalloanstore.co.uk |
  |
|